Clinton Housing Development Company Inc

Organization Overview

Clinton Housing Development Company Inc is located in New York, NY. The organization was established in 1978. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Clinton Housing Development Company Inc employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clinton Housing Development Company 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, Clinton Housing Development Company Inc generated $6.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $6.8m during the year ending 12/2022. 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 DEVELOP, MANAGE AND MAINTAIN, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW INCOME.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOW INCOME HOUSING,DEVELOPMENT & MANAGEMENT


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Board, Officers & Key Employees

Name (title)Compensation
Joseph Restuccia
Exec. Dir.
$219,467
Daniel Henkel
Member
$0
William Kelley
Member
$0
David Korman
Asst. Secret
$0
Rachel Lovett
Vice Preside
$0
Carmen Matias
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,021,351
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$2,021,351
Total Program Service Revenue$4,651,166
Investment income $39,690
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 $6,736,073

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