St Mark Affordable Housing Development Fund Corporation

Organization Overview

St Mark Affordable Housing Development Fund Corporation is located in Brooklyn, NY. The organization was established in 2013. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2020, St Mark Affordable Housing Development Fund Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Mark Affordable 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 12/2020, St Mark Affordable Housing Development Fund Corporation generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $2.1m during the year ending 12/2020. While expenses have increased by 1.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

OPERATES LOW INCOME HOUSING APARTMENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATES LOW INCOME HOUSING APARTMENT BUILDINGS


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Board, Officers & Key Employees

Name (title)Compensation
Kino G L Vitet
President
$0
Prince Felix
Member
$0
Beverly Jules
Member
$0
Rosalind Goodluck
Member
$0
Philbert Williams
Treas
$0
Keith Anderson
Member
$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$1,731,412
Investment income $51,129
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 $1,816,574

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