Bremond King Davis Housing Development Fund Company Inc
- Assets
- $4.6m
- Revenue
- $958.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 47-3791580
Organization Overview
Bremond King Davis Housing Development Fund Company Inc is located in New York, NY. Bremond King Davis Housing Development Fund Company Inc 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 12/2022, Bremond King Davis Housing Development Fund Company Inc generated $958.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 2 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF DEVELOPING, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME IN NEW YORK CITY WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES A LOW-INCOME HOUSING BUILDING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hsueh Lam Yan Secretary | OfficerTrustee | 1 | $0 |
Jennifer Sun Co-Executive Director (outgoing) | OfficerTrustee | 1 | $0 |
Nelson Chan Treasurer | OfficerTrustee | 1 | $0 |
Thomas Yu Executive Director | OfficerTrustee | 1 | $0 |
Joy Suzanne Granado Chief Accounting Officer | Officer | 1 | $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 | $947,367 |
| Investment income | $9,938 |
| 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 | $958,111 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,554 |
| Pension plan accruals and contributions | $1,032 |
| Other employee benefits | $23,692 |
| Payroll taxes | $15,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,928 |
| Fees for services: Accounting | $73,191 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,650 |
| Advertising and promotion | $0 |
| Office expenses | $3,372 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $267,983 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $731,929 |
| Insurance | $85,629 |
| All other expenses | $11,025 |
| Total functional expenses | $1,702,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,728 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66,507 |
| Net Land, buildings, and equipment | $3,051,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,179,826 |
| Total assets | $4,629,539 |
| Accounts payable and accrued expenses | $77,365 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,837,640 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $73,356 |
| Total liabilities | $5,988,361 |
| Net assets without donor restrictions | -$815,293 |
| Net assets with donor restrictions | -$543,529 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,629,539 |