North Fork Housing Alliance Inc
- Assets
- $3.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Greenport, NY
- Founding
- 12/1983
- Data as of
- 12/2023
- EIN
- 11-2627786
Organization Overview
North Fork Housing Alliance Inc is located in Greenport, NY. The organization was established in 1983. 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. As of 12/2023, North Fork Housing Alliance Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Fork Housing Alliance 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 12/2023, North Fork Housing Alliance Inc generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 9 years. 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
TO PROVIDE LOW COST HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECTION 8: FUNDS RECEIVED FROM THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO PROVIDE HOUSING ASSISTANCE PAYMENTS TO LANDLORDS ON BEHALF OF TENANTS.
RESERVE FUND AND HOUSING OPPORTUNITIES: TO ACCOUNT FOR VARIOUS GRANTS RECEIVED FOR THE PUROPOSE OF PURCHASING AND IMPROVING OR CONSTRUCTION OF RESIDENTAL UNITS TO BE SOLD OR RENTED TO LOW INCOME FAMILIES AND INDIVIDUALS.
FIVE MULTI-FAMILY HOMES LOCATED IN GREENPORT NY. IT IS OPERATED UNDER NY STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL PROGRAM WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tanya Palmore Executive Director | Officer | 35 | $0 |
Frances Ortiz Secretary | Trustee | 5 | $0 |
Doug Morris Board Member | Trustee | 5 | $0 |
Edward Reale Board Member | Trustee | 5 | $0 |
Vernetta Taylor Board Member | Trustee | 5 | $0 |
Paul Davis Jr President | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,987,404 |
| 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 | $1,987,404 |
| Total Program Service Revenue | $624,542 |
| Investment income | $3,802 |
| 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 | $2,615,748 |
| 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. | $246,184 |
| Compensation of current officers, directors, key employees. | $107,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,475 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,187 |
| Advertising and promotion | $433 |
| Office expenses | $5,267 |
| Information technology | $4,228 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $204,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $124,111 |
| All other expenses | $356,403 |
| Total functional expenses | $3,090,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $26,738 |
| Accounts receivable, net | $27,358 |
| 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 | $3,041,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $395,140 |
| Total assets | $3,528,238 |
| Accounts payable and accrued expenses | $209,979 |
| Grants payable | $0 |
| Deferred revenue | $22,183 |
| 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 | $2,824,084 |
| Unsecured mortgages and notes payable | $180,000 |
| Other liabilities | $986,656 |
| Total liabilities | $4,222,902 |
| Net assets without donor restrictions | -$694,664 |
| 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 | $3,528,238 |