H S C No 5 Housing Development Fund Co Inc

Organization Overview

H S C No 5 Housing Development Fund Co Inc is located in Greenlawn, NY. The organization was established in 2002. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 07/2022, H S C No 5 Housing Development Fund Co Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H S C No 5 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 07/2022, H S C No 5 Housing Development Fund Co Inc generated $951.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $968.0k during the year ending 07/2022. While expenses have increased by 0.7% 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

PROVIDE LOW INCOME HOUSING FOR THE ELDERLY

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED HOUSING FOR THE ELDERLY - 70 APARTMENTSTHE COMPANY'S SPONSOR (SCHC) HIRED AN INDEPENDENT CONTRACTOR TO REPLACE THE DOORS ON THE APARTMENT BUILDINGS FOR $177,387, REPLACE THE CONCRETE WALKWAYS FOR $138,223 AND TO DO PAVING AND STRIPING OF THE PARKING LOTS FOR $33,541. THE COSTS WERE PAID BY SCHC DIRECTLY TO THE CONTRACTORS AND THEN GRANTED TO THE COMPANY. THE COMPANY REPORTED THE $349,151 GRANT INCOME FROM SCHC.


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Board, Officers & Key Employees

Name (title)Compensation
Judy Farabaugh
Accountant
$4,800
Janice Dalessio
Director
$0
William Davidson
President
$0
Vincent Frigeria III
Director
$0
John Zanfino
Director
$0
Lawrence Cregan
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$349,151
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$349,151
Total Program Service Revenue$602,035
Investment income $62
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 $951,248

Grants Recieved

Over the last fiscal year, we have identified 1 grants that H S C No 5 Housing Development Fund Co Inc has recieved totaling $171,765.

Awarding OrganizationAmount
Senior Citizens Housing Committee Inc

Greenlawn, NY

PURPOSE: PAID FOR CONSTRUCTION COSTS TO PAVE, RESTRIPE AND REDO CONCRETE SIDEWALKS THAT WILL BENEFIT RESIDENTS OF THE HOUSING PROJECT IN ACCORDANCE WITH THE NOT FOR PROFIT MISSION FOR PROVIDING HOUSING FOR THE ELDERLY AND DISABLED.

$171,765
View Grant Recipient Profile

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