M B D Community Housing Corporation
- Assets
- $18.8m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Bronx, NY
- Founding
- 06/1980
- Data as of
- 12/2021
- EIN
- 13-3023179
Organization Overview
M B D Community Housing Corporation is located in Bronx, NY. The organization was established in 1980. 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 12/2021, M B D Community Housing Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M B D Community Housing Corporation 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, M B D Community Housing Corporation generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 14.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT, PROPERTY MANAGEMENT, ECONOMIC, DEVELOPMENT AND DELIVERY FOR HUMAN SERVICES THROUGH CREATIVE DEVELOPMENT AND UTILIZATION OF RESOURCES BY QUALIFIED PERSONNEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING PROGRAM - PROVIDE LOW AND MODERATE INCOME HOUSING BY UPGRADING DETERIORATED NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick Lovett President/ceo | OfficerTrustee | 30 | $267,161 |
Rubria M Rodriguez Administrator | Officer | 20 | $165,318 |
Patrick Fleming Accountant | 20 | $108,657 | |
April Horton Treasurer | OfficerTrustee | 1 | $0 |
Phyllis Williams Secretary | OfficerTrustee | 2 | $0 |
Wallace Mobley Board Chair | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,223 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,223 |
| Total Program Service Revenue | $7,271,967 |
| Investment income | $0 |
| 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 | $7,369,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,031 |
| 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. | $618,228 |
| Compensation of current officers, directors, key employees. | $618,228 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $231,465 |
| Payroll taxes | $171,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,856 |
| Fees for services: Accounting | $41,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,550 |
| Advertising and promotion | $7,341 |
| Office expenses | $35,823 |
| Information technology | $49,813 |
| Royalties | $0 |
| Occupancy | $18,610 |
| Travel | $5,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,908 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,855 |
| Insurance | $75,707 |
| All other expenses | $0 |
| Total functional expenses | $2,788,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,903,840 |
| Savings and temporary cash investments | $490 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,289,157 |
| 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 | $0 |
| Net Land, buildings, and equipment | $395,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,183,620 |
| Total assets | $18,772,844 |
| Accounts payable and accrued expenses | $226,715 |
| Grants payable | $0 |
| Deferred revenue | $7,836,332 |
| 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 | $658,030 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $102,764 |
| Total liabilities | $8,823,841 |
| Net assets without donor restrictions | $9,949,003 |
| 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 | $18,772,844 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that M B D Community Housing Corporation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $15,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |