Webster Avenue Housing Development Fund Corporation is located in New York, NY. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webster Avenue 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROGRAM SERVICE ACCOMPLISHMENT 1WEBSTER AVENUE HOUSING DEVELOPMENT FUND CORPORATION IS THE MANAGING MEMBER OF THE PARTNERSHIP ENTITY THAT OWNS THE LOW-INCOME HOUSING FACILITY KNOWN AS PARK HOUSE. PARK HOUSE IS BREAKING GROUND'S FIRST AFFORDABLE FAMILY PROJECT. IT SHARES A LARGE SITE WITH A COMPANION BUILDING, WEBSTER AVENUE SUPPORTIVE RESIDENCE, RECLAIMING A BROWNFIELD SITE. THE COMBINED 12-STORY PROJECT CONTAINS 248 STUDIO, ONE-, TWO-, AND THREE-BEDROOM UNITS THAT ARE HOME TO LOW-INCOME WORKING ADULTS AND FAMILIES FROM THE SOUTH BRONX COMMUNITY. AS MANAGING MEMBER, THE ORGANIZATION DID NOT UNDERTAKE ANY ACTIVE PROGRAM SERVICE ACTIVITIES IN 2023.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda E Rosen President & CEO | 0.1 | $0 | |
David Beer Vice President | 0.1 | $0 | |
Benjamin Stacks Treasurer | 0.1 | $0 | |
Judith Rosenfeld Secretary | 0.1 | $0 | |
Nicholas Tsang Chairman | 0.1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $2,650 |
| Net assets or fund balances | -$2,650 |