Northfield Housing Development Fund Corporation

Organization Overview

Northfield Housing Development Fund Corporation is located in Fairport, NY. The organization was established in 2003. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northfield Housing Development Fund Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 03/2022, Northfield Housing Development Fund Corporation generated $358.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $556.8k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO DEVELOP HOUSING FOR SENIOR CITIZENS AND PERSONS OF LOW INCOME IN MONROE COUNTY, NEW YORK

Describe the Organization's Program Activity:

Part 3 - Line 4a

NORTHFIELD HOUSING DEVELOPMENT FUND CORPORATION WAS INCOPORATED TO DEVELOP HOUSING FOR SENIOR CITIZENS AND PERSONS OF LOW INCOME IN MONROE COUNTY, NEW YORK. THE ORGANIZATION OWNS A 69 UNIT BUILDING LOCATED IN FAIRPORT, NEW YORK.


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Board, Officers & Key Employees

Name (title)Compensation
Tom Poelma
Vice President & Secretary
$0
Chris Mariano
Treasurer
$0
Jason Blackwell
VP
$0
Jean Lowe
Director
$0
Wayne Loomis
Director
$0
Clayton Cloen
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$358,071
Investment income $135
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $358,206

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