Urban Horizons Housing Development Fund Corporation
- Assets
- $10.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 11
- Location
- Bronx, NY
- Founding
- 03/2018
- Data as of
- 12/2022
- EIN
- 81-4026863
Organization Overview
Urban Horizons Housing Development Fund Corporation is located in Bronx, NY. The organization was established in 2018. As of 12/2022, Urban Horizons Housing Development Fund Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Horizons 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING TO LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 132 RESIDENTIAL UNITS FOR LOW AND MODERATE INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Davon Russell President | OfficerTrustee | 10 | $0 |
Alexandra Dyer Vp/treasurer As Of Dec 2022 | OfficerTrustee | 10 | $0 |
Jonathan Springer Vp/treasurer Thru Dec 2022 | OfficerTrustee | 10 | $0 |
Sean Simmons Secretary | OfficerTrustee | 0.25 | $0 |
Linda Field Director | Trustee | 0.25 | $0 |
Sharmi Sobhan Director | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Safewatch Security Group Inc Security Services | 12/30/22 | $233,194 |
Freedom Gs Inc Construction Services | 12/30/22 | $176,900 |
Grenadier Realty Management Llc Management Fee | 12/30/22 | $111,222 |
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $63,739 |
| 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 | $63,739 |
| Total Program Service Revenue | $1,543,035 |
| Investment income | $14,924 |
| 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 | $1,698,939 |
| 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 | $247,066 |
| Pension plan accruals and contributions | $1,201 |
| Other employee benefits | $95,043 |
| Payroll taxes | $29,961 |
| Fees for services: Management | $85,338 |
| Fees for services: Legal | $32,394 |
| Fees for services: Accounting | $13,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,143 |
| Advertising and promotion | $968 |
| Office expenses | $25,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $525,370 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $595,032 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,479,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,801 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,933 |
| 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 | $124,055 |
| Net Land, buildings, and equipment | $8,067,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,780,132 |
| Total assets | $10,125,249 |
| Accounts payable and accrued expenses | $182,092 |
| Grants payable | $0 |
| Deferred revenue | $46,833 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $73,953 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,209,234 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,179,611 |
| Total liabilities | $25,691,723 |
| Net assets without donor restrictions | -$15,566,474 |
| 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 | $10,125,249 |