New York Institute For Human Development Inc
- Assets
- $42.0m
- Revenue
- $9.7m
- Investments
- $3.3m
- Employees
- 9
- Location
- New York, NY
- Founding
- 08/1967
- Data as of
- 12/2022
- EIN
- 13-2572413
Organization Overview
New York Institute For Human Development Inc is located in New York, NY. The organization was established in 1967. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, New York Institute For Human Development Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Institute For Human Development 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 12/2022, New York Institute For Human Development Inc generated $9.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 13.1% per year over the past 8 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.
Since 2015, New York Institute For Human Development Inc has awarded 62 individual grants totaling $18,758,335. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO AID IN THE CREATION, SURVIVAL AND GROWTH OF COMMUNITY-BASED ORGANIZATIONS THROUGH A BROAD RANGE OF TECHNICAL ASSISTANCE, CONSULTING SERVICES, AND FINANCIAL SUPPORT. IHD IS AFFILIATED WITH THE ASSOCIATION OF NEW YORK CATHOLIC HOMES, INC., WHICH PROVIDES OVERSIGHT TO ARCHDIOCESAN AFFILIATED HOUSING COMPANIES. THE ORGANIZATION IS ALSO AFFILIATED WITH THE CATHOLIC CHARITIES OF THE ARCHDIOCESE OF NEW YORK AND OTHER ARCHDIOCESAN ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES CONSULTING TO VARIOUS INDEPENDENT COMPANIES THAT MANAGE AFFORDABLE MULTIFAMILY AND SENIOR CITIZEN HOUSING. THE ORGANIZATION ALSO PROVIDES CONSTRUCTION MANAGEMENT CONSULTING AND DEVELOPMENT SERVICES TO HOUSING DEVELOPMENT FINANCE CORPORATIONS ENGAGED IN THE REHABILITATION OF EXISTING AFFORDABLE HOUSING PROJECTS AND CONSTRUCTION FOR NEW AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johanna Kletter CEO | Officer | 20 | $290,066 |
Susan Albrecht Senior Director | 35 | $169,980 | |
Drew Kiriazides Associate Director | 35 | $120,966 | |
Launthia Wellington Senior Compliance Manager | 35 | $101,771 | |
Stanley Grayson Director | Trustee | 1 | $0 |
Monsignor Kevin Sullivan Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forsyth Street Affordable Housing Financial Consulting | 12/30/22 | $468,776 |
Edelman Sultan Knox Wood Architects Llp Architectural Services | 12/30/22 | $218,383 |
Catholic Charities Community Services A Management Services | 12/30/22 | $201,000 |
Artemis Development Llc Construction And Development | 12/30/22 | $131,200 |
Comerford & Dougherty Llp Legal Services | 12/30/22 | $152,311 |
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 | $9,648,134 |
| Investment income | $34,963 |
| 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 | $9,683,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $466,501 |
| 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. | $302,350 |
| Compensation of current officers, directors, key employees. | $15,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $718,023 |
| Pension plan accruals and contributions | $113,322 |
| Other employee benefits | $101,349 |
| Payroll taxes | $66,187 |
| Fees for services: Management | $201,000 |
| Fees for services: Legal | $102,361 |
| Fees for services: Accounting | $50,811 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,592,909 |
| Advertising and promotion | $0 |
| Office expenses | $31,570 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,129 |
| 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 | $0 |
| Insurance | $117,651 |
| All other expenses | $137,279 |
| Total functional expenses | $5,049,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,665,086 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,899,852 |
| 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 | $3,978 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,319,503 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,272 |
| Total assets | $41,983,691 |
| Accounts payable and accrued expenses | $210,692 |
| Grants payable | $0 |
| Deferred revenue | $32,877,353 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $536,841 |
| Total liabilities | $33,624,886 |
| Net assets without donor restrictions | $8,358,805 |
| 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 | $41,983,691 |
Grants Awarded
Over the last fiscal year, New York Institute For Human Development Inc has awarded $466,501 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES COMMUNITY SERVICES ARCHDIOCESE OF NEW YORK PURPOSE: TO PROVIDE CRITICAL HOUSING SUPPORT SERVICES | $104,700 |
BETANCES PARTNERS LLC PURPOSE: TO PROVIDE CRITICAL HOUSING SUPPORT SERVICES | $8,724 |
ASSOCIATION OF NEW YORK CATHOLIC HOMES INC PURPOSE: TO ENABLE ENTITY TO PAY FOR PROGRAM COSTS | $292,000 |
SECOND FARMS AFFORDABLE LLC PURPOSE: TO PROVIDE CRITICAL HOUSING SUPPORT SERVICES | $43,626 |
HIGHBRIDGE COMMUNITY HOUSING DEVELOPMENT FUND CORP PURPOSE: TO PROVIDE CRITICAL HOUSING SUPPORT SERVICES | $17,451 |