Second Farms Neighborhood Housing Development Fund Inc

Organization Overview

Second Farms Neighborhood Housing Development Fund Inc is located in Garden City, NY. The organization was established in 2008. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Farms Neighborhood Housing Development Fund 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 06/2022, Second Farms Neighborhood Housing Development Fund Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $341.5k during the year ending 06/2022. While expenses have increased by 4.4% 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 ACT AS CO-DEVELOPER, FACILITATE, PARTICIPATE, AND ASSIST THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS, AND RELATED ACCESSORY SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ACT AS CO-DEVELOPER, FACILITATE, PARTICIPATE, AND ASSIST THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS, AND RELATED ACCESSORY SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Monsignor Kevin Sullivan
President / Director
$0
George Horton
Treasurer / Director
$0
Reverend Eric Cruz
Director
$0
David Brown
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$244,165
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$244,165
Total Program Service Revenue$0
Investment income $1,117,154
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 $1,361,319

Grants Awarded

Over the last fiscal year, Second Farms Neighborhood Housing Development Fund Inc has awarded $289,383 in support to 2 organizations.

Grant RecipientAmount

SECOND FARMS AFFORDABLE LLC CO ASSOC OF NEW YORK CATHOLIC HOME INC

PURPOSE: FACILITATE AND ASSIST THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING

$216,883

KENNEDY CHILD STUDY CENTER INC

Org PageRecipient Profile

New York, NY

PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE AND EDUCATIONAL PURPOSES BY PROVIDING GRANT/ESSENTIAL SERVICES TO THE LOW INCOME CHILDREN OF THE SECOND FARMS NEIGHBORHOOD.

$72,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Second Farms Neighborhood Housing Development Fund Inc has recieved totaling $24,113.

Awarding OrganizationAmount
New York Institute For Human Development Inc

New York, NY

PURPOSE: GRANT TO ENABLE THE HDFC TO PAY FOR ARCHITECT, ENVIRONMENTAL, AND FINANCIAL FEES

$24,113
View Grant Recipient Profile

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