Stewart Park Housing Development Fund Co Inc

Organization Overview

Stewart Park Housing Development Fund Co Inc is located in Corning, NY. The organization was established in 1980. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stewart Park Housing Development Fund Co 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 06/2022, Stewart Park Housing Development Fund Co Inc 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 2.8% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 3.0% 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 PROVIDE SAFE AND AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COMPANY OWNS STEWART PARK APARTMENTS, A 118-UNIT COMPLEX. STEWART PARK APARTMENTS IS A FEDERALLY SUBSIDIZED PROJECT UNDER SEC. 221(D)(3) & RECEIVES RENTAL SUPPLEMENTS FROM HUD. THE APTS ARE RENTED TO QUALIFYING LOW-INCOME INDIVIDUALS & FAMILIES.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Hart
Treasurer
$0
Rev Troy Preston
Vice President
$0
Sara Altmansberger
Secretary
$0
David Smith
President
$0
Rev Kit Tobin
Director
$0
Doris Roy
Director
$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$50
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$50
Total Program Service Revenue$1,547,128
Investment income $7,084
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 $1,554,262

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Stewart Park Housing Development Fund Co Inc has recieved totaling $13,022.

Awarding OrganizationAmount
United Way Of The Southern Tier Inc

Corning, NY

PURPOSE: PROGRAM FUNDING

$13,022
View Grant Recipient Profile

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