139-141 Avenue D Housing Development Fund Corporation
- Assets
- $3.4m
- Revenue
- $571.6k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2016
- Data as of
- 06/2023
- EIN
- 81-2856844
Organization Overview
139-141 Avenue D Housing Development Fund Corporation is located in New York, NY. The organization was established in 2016. 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. 139-141 Avenue D 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 06/2023, 139-141 Avenue D Housing Development Fund Corporation generated $571.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $745.6k during the year ending 06/2023. While expenses have increased by 12.3% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES HOUSING FOR PERSONS OF LOW INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING SERVICES - THE ORGANIZATION IS A MAJOR PROVIDER OF HOUSING FOR PEOPLE WITH A HISTORY OF HOMELESSNESS. IT OPERATES UNITS OF PERMANENT HOUSING. RESIDENTS HAVE SIGNED LEASES AND TENANCY RIGHTS. THESE APARTMENTS ARE DEDICATED FOR FORMERLY HOMELESS INDIVIDUALS WITH A HISTORY OF MENTAL ILLNESS AND/OR SUBSTANCE ABUSE. OUR PERMANENT HOUSING PROGRAMS ARE A KEY RESOURCE FOR GRADUATES FROM BRC SAFE HAVEN, SHELTER AND TRANSITIONAL HOUSING PROGRAMS, AND OFTEN SERVE AS THE APPROPRIATE NEXT STEP FOR HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Rosenblatt Vice President | Officer | 1 | $0 |
Lilia Marini-Calves Chief Financial Officer | Officer | 1 | $0 |
Julie Salamon Chair | OfficerTrustee | 1 | $0 |
Lawrence Graham Vice Chair | OfficerTrustee | 1 | $0 |
Richard Swanson Vice Chair | OfficerTrustee | 1 | $0 |
Antonio X Molestina Secretary | OfficerTrustee | 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 | $559,075 |
| Investment income | $12,557 |
| 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 | $571,632 |
| 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 | $125,767 |
| Pension plan accruals and contributions | $3,727 |
| Other employee benefits | $16,191 |
| Payroll taxes | $8,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $203 |
| Fees for services: Accounting | $6,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,619 |
| Advertising and promotion | $0 |
| Office expenses | $10,470 |
| Information technology | $131 |
| Royalties | $0 |
| Occupancy | $241,447 |
| Travel | $50 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,042 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $148,938 |
| Insurance | $13,249 |
| All other expenses | $0 |
| Total functional expenses | $745,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $728,818 |
| Savings and temporary cash investments | $311,220 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $187,338 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,131,291 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,358,667 |
| Accounts payable and accrued expenses | $190,116 |
| 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 | $4,867,759 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $400,308 |
| Total liabilities | $5,458,183 |
| Net assets without donor restrictions | -$2,099,516 |
| Net assets with donor restrictions | $0 |
| 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 | $3,358,667 |