Joseph M Dassern Housing Corporation

Organization Overview

Joseph M Dassern Housing Corporation is located in Dobbs Ferry, NY. The organization was established in 1972. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Joseph M Dassern Housing Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 03/2022, Joseph M Dassern Housing Corporation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.6m during the year ending 03/2022. While expenses have increased by 4.5% 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

TO PROVIDE HOUSING TO EMPLOYEES OF THE CHILDREN'S VILLAGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE JOSEPH M. D'ASSERN HOUSING APARTMENTS AT THE CHILDREN'S VILLAGE HAVE BEEN DEVELOPED AND ARE MAINTAINED FOR THE BENEFIT OF THE CHILDREN'S VILLAGE AS THE EMPLOYER AND THEIR IMMEDIATE FAMILIES. THE JOSEPH M. D'ASSERN HOUSING CORPORATION UNDER THE AUSPICES OF THE CHILDREN'S VILLAGE AND THE NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL OVERSEE THE APARTMENTS, BUILT IN 1969.THE DIRECTORS OF THE CHILDREN'S VILLAGE ASSIGN THE BOARD OF DIRECTORS OF THE HOUSING CORPORATION. THE APARTMENTS ARE MANAGED BY DESIGNEES OF THE BOARD. THERE ARE 112 APARTMENTS RANGING FROM 2 1/2 TO 5 1/2 ROOMS (STUDIO TO 3 BEDROOMS). EVERY EFFORT IS MADE BY MANAGEMENT TO MAINTAIN A SAFE, CLEAN AND CONGENIAL ATMOSPHERE IN AND AROUND THE APARTMENTS.THE D'ASSERN HOUSING CORPORATION WAS ESTABLISHED TO PROVIDE AFFORDABLE HOUSING TO EMPLOYEES OF THE CHILDREN'S VILLAGE. MANY YEARS AGO, EMPLOYEES WHO LEFT THEIR EMPLOYMENT AT THE VILLAGE AND EMPLOYEES OF OTHER NOT-FOR-PROFIT ENTITIES (INCLUDING GREENBURGH 11 UFSD) WERE PERMITTED TO LIVE AT D'ASSERN. THIS PRACTICE WAS DISCONTINUED IN JANUARY 1987. AT THAT TIME, TENANTS WHO HAD COME IN UNDER THE OLD RULES PRIOR TO 1983 WERE PERMITTED TO REMAIN. SINCE 1987, REGULAR FULL-TIME EMPLOYEES AND/OR INTERNS OF THE CHILDREN'S VILLAGE HAVE BEEN PERMITTED TO LIVE IN THE D'ASSERN HOUSING COMPLEX. IN THE EVENT THAT THERE ARE NO EMPLOYEES ELIGIBLE FOR AN APARTMENT (AND ON THE WAITING LIST), EMPLOYEES OF GREENBURGH 11 UFSD MAY BECOME TENANTS. THIS REGULATION, AUTHORIZED BY THE NEW YORK STATE DIVISION OF HOUSING, HAS BEEN STRICTLY ENFORCED.BECAUSE D'ASSERN HOUSING IS A STAFF HOUSING PROJECT AND NOT INTENDED TO BE UTILIZED AS A RETIREMENT COMMUNITY, THE HOUSING CORPORATION NO LONGER ALLOWS RETIRED EMPLOYEES TO RETAIN THEIR APARTMENTS. EFFECTIVE NOVEMBER 2006, ALL EMPLOYEES REGARDLESS OF TENURE AT CHILDREN'S VILLAGE MUST VACATE THE APARTMENT ONCE EMPLOYMENT ENDS.FULL TIME, REGULAR EMPLOYEES OF CHILDREN'S VILLAGE WHO RETIRE AFTER EMPLOYMENT IN EXCESS OF 20 YEARS AND HAVE BEEN TENANTS OF D'ASSERN HOUSING FOR A MINIMUM OF 10 YEARS WILL BE GIVEN UP TO 12 MONTHS FROM THE DATE OF RETIREMENT TO VACATE THEIR APARTMENT AND RELOCATE. AT ANY TIME VIOLATIONS OF ANY OF THE TERMS OF THE LEASE AGREEMENT WILL, HOWEVER, BE THE CAUSE FOR IMMEDIATE EVICTION.THE EMERGENCY APARTMENTS LEASED BY CHILDREN'S VILLAGE ARE THE ONLY DISCRETIONARY APARTMENTS. THE CHILDREN'S VILLAGE MANAGEMENT WILL USE ITS BEST JUDGMENT AS TO WHICH EMPLOYEES SHOULD HAVE USE OF THE APARTMENTS. A WAITING LIST FOR THE EMERGENCY APARTMENTS IS MAINTAINED. THE CHILDREN'S VILLAGE MANAGEMENT RESERVES THE RIGHT TO USE THE APARTMENTS IN A DISCRETIONARY MANNER TO RESPOND TO THE EMPLOYEE WITH THE MOST SERIOUS EMERGENCY OR TO ENABLE THE CHILDREN'S VILLAGE TO HIRE STAFF WHO MUST RELOCATE.AT MANAGEMENT'S DISCRETION, AND IN ORDER TO KEEP ABREAST OF CHANGING REGULATIONS, AN ANNUAL INCOME VERIFICATION AND FAMILY COMPOSITION VERIFICATION WILL BE REQUIRED. ALL TENANTS MUST FULLY COMPLY IN A TIMELY MANNER. THE CHILDREN'S VILLAGE MANAGEMENT WILL USE ITS BEST JUDGMENT AS TO WHICH EMPLOYEES SHOULD HAVE USE OF THE APARTMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Jeremy Kohomban
Chair/ceo
$0
Richard Goerg
Treasurer/cfo
$0
David Schwartz
Director
$0
Francine Vernon
Secretary
$0
James Mann
Director
$0
Mark Scherzer
Director
$0

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$1,160,591
Investment income $185
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 $1,210,558

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