Daly 180 Housing Development Fund Corporation

Organization Overview

Daly 180 Housing Development Fund Corporation is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Daly 180 Housing Development Fund Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daly 180 Housing Development Fund Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 06/2022, Daly 180 Housing Development Fund Corporation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 2.4% 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

DALY 180 HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO OWN AND OPERATE AN 84-UNIT RESIDENTIAL BUILDING LOCATED IN BRONX, NY, FOR PERSONS OF LOW-INCOME.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE LOW INCOME HOUSING TO 84 FAMILIES.


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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$1,634,574
Investment income $61
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 $1,642,965

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Daly 180 Housing Development Fund Corporation has recieved totaling $2,421,916.

Awarding OrganizationAmount
Phipps Houses

New York, NY

PURPOSE: LOAN FORGIVENESS

$2,421,916
View Grant Recipient Profile

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