Division Housing Corporation

Organization Overview

Division Housing Corporation is located in Brooklyn, NY. The organization was established in 2014. 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. As of 06/2022, Division Housing Corporation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Division Housing 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 06/2022, Division Housing Corporation generated $16.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $14.9m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 7 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO OWN, REHABILITATE, MAINTAIN, AND MANAGE, ON A NONPROFIT BASIS, A MUNICIPALLY-AIDED HOUSING PROJECT IN BROOKLYN, NY, FOR PERSONS WITH LOW INCOME.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION OPERATES AN APARTMENT COMPLEX OF 534 RESIDENTIAL UNITS (AND TWO COMMERCIAL SPACES), WHICH SERVES AS LOW-INCOME RENTAL HOUSING.


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Board, Officers & Key Employees

Name (title)Compensation
Monsignor Anthony Hernandez
President
$0
Mary Dunbar
Secretary / Treasurer
$0
Miguel Hernandez
Director
$0
Rabbi Joshua Rosenbaum
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Joseph And Son Restoration Inc
Repair & Maintenance
$1,177,075
Citi Security Inc
Security
$388,283
Adiba Contracting Corp
Repair & Maintenance
$816,283
Rafe Contracting Llc
Repair & Maintenance
$316,514
M & H Contracting Usa Corp
Repair & Maintenance
$267,444
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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$16,574,894
Investment income $43,685
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 $16,618,579

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