Bensonhurst Housing For The Elderly
- Assets
- $5.3m
- Revenue
- $231.5k
- Investments
- $5.3m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 11-2947221
Organization Overview
Bensonhurst Housing For The Elderly is located in Brooklyn, NY. The organization was established in 1993. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bensonhurst Housing For The Elderly 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 12/2021, Bensonhurst Housing For The Elderly generated $231.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (39.6%) each year. All expenses for the organization totaled $2.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (55.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENSONHURST HOUSING DEVELOPMENT FUND COMPANY, INC. HOLDS A SELLER NOTE FOR BENSONHURST HOUSING, L.P. THE PARTNERSHIP OWNS AND OPERATES A MULTIFAMILY HOUSING PROPERTY IN ORDER TO PROVIDE AFFORDABLE LOW-INCOME HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Balko Director | 0.5 | $0 | |
Eli S Feldman Chairperson | 0.5 | $0 | |
Jeffrey Davis Director | 0.5 | $0 | |
Jonathan Gold Director | 0.5 | $0 | |
Alex Budnitsky Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $231,538 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $231,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,670 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,877 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,271,088 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,276,965 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,165 |
| Total liabilities | $10,165 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coburg Village Inc Rexford, NY | $43,908,610 | $10,396,522 |
Chcc Ccrc Wyckoff, NJ | $147,839,474 | $3,578,488 |
2life Communities Services Inc Brighton, MA | $14,714,646 | $15,464,952 |
New Haven Jewish Community Council Housing Corporation New Haven, CT | $29,407,361 | $7,917,612 |
Village At St Barnabas Inc Gibsonia, PA | $12,528,013 | $7,815,800 |
Vernon Advent Christian Home Inc Vernon, VT | $5,183,306 | $7,747,706 |
Geer Woods Inc Canaan, CT | $16,105,783 | $7,692,036 |
Baptist Home Of South Jersey Riverton, NJ | $5,498,911 | $7,505,909 |
Pressley Ridge-Maryland Pittsburgh, PA | $946,901 | $8,510,499 |
Miller Memorial Community Inc Meriden, CT | $2,617,038 | $7,410,160 |
Gifford Retirement Community Inc Randolph, VT | $12,550,622 | $5,271,559 |
Dock Acres Inc Lansdale, PA | $67,194,960 | $10,315,116 |