Brighton Beach Housing Development Fund Company Inc is located in New York, 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 06/2021, Brighton Beach Housing Development Fund Company Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brighton Beach Housing Development Fund 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 06/2021, Brighton Beach Housing Development Fund Company Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $10.6m during the year ending 06/2021. 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
AS PART OF THE JASA'S COMPRENHENSIVE NETWORK OF SERVICES FOR OLDER ADULTS, THE ORGANIZATION PROVIDES AFFORDABLE HOUSING AND SOCIAL SERVICES TO LOW INCOME OLDER ADULTS OR OLDER ADULTS 60+ LIVING INDEPENDENTLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDED AFFORDABLE HOUSING AND AUXILIARY FACILITIES FOR OLDER ADULTS OF LOW INCOME. THE PROJECT CONSISTS OF 154 UNITS LOCATED IN BROOKLYN, NEW YORK.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Martin Siroka President | OfficerTrustee | 1 | $0 |
David Hildes Chair | OfficerTrustee | 1 | $0 |
Joseph Rubin Vice President | OfficerTrustee | 1 | $0 |
Bonnie Rosenberg Treasurer | OfficerTrustee | 1 | $0 |
Eleanor Wagner Secretary | OfficerTrustee | 1 | $0 |
Kathryn Haslanger CEO | Officer | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Barmi Construction Renovation Services | 6/29/21 | $514,436 |
Adler Windows Window Repaid Services | 6/29/21 | $310,863 |
Explorer Investigation Security Services | 6/29/21 | $202,766 |
Titan Contruction Services Renovation Services | 6/29/21 | $164,403 |
The Metro Grup Mobile Boiler Delivery | 6/29/21 | $163,834 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $265,305 |
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 | $265,305 |
Total Program Service Revenue | $2,985,287 |
Investment income | $4,556 |
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 | $3,270,016 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $337,467 |
Pension plan accruals and contributions | $88,519 |
Other employee benefits | $0 |
Payroll taxes | $24,619 |
Fees for services: Management | $176,710 |
Fees for services: Legal | $266,056 |
Fees for services: Accounting | $53,609 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $448 |
Office expenses | $29,691 |
Information technology | $17,348 |
Royalties | $0 |
Occupancy | $588,065 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $712,955 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $431,784 |
Insurance | $222,853 |
All other expenses | $93,216 |
Total functional expenses | $10,634,582 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $740,057 |
Savings and temporary cash investments | $949,474 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $18,157 |
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 | $232,370 |
Net Land, buildings, and equipment | $4,797,356 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $15,323,357 |
Total assets | $22,060,771 |
Accounts payable and accrued expenses | $179,323 |
Grants payable | $0 |
Deferred revenue | $3,725 |
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 | $31,068,362 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $66,101 |
Total liabilities | $31,317,511 |
Net assets without donor restrictions | -$9,336,736 |
Net assets with donor restrictions | $79,996 |
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 | $22,060,771 |
Organization Name | Assets | Revenue |
---|---|---|
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |
C-Hp Cove Inc New York, NY | $8,025,727 | $5,367,385 |