Aquinas Housing Corporation
- Assets
- $19.4m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Bronx, NY
- Founding
- 08/1981
- Data as of
- 12/2021
- EIN
- 13-3076810
Organization Overview
Aquinas Housing Corporation is located in Bronx, NY. The organization was established in 1981. 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, Aquinas Housing Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aquinas 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, Aquinas Housing Corporation generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 14.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICE AND HOUSING TO LOW INCOME RESIDENTS OF THE SOUTH BRONX
Describe the Organization's Program Activity:
Part 3 - Line 4a
AQUINAS HOUSING CORPORATION BEGAN ITS SENIOR SERVICES PROGRAM IN 1987 THROUGH OUR SENIOR SERVICE PROGRAM, WE PROVIDE A WIDE RANGE OF SERVICES TO SENIOR CITIZENS LIVING IN OUR COMMUNITY. AQUINAS HOUSING CORPORATION IS THE SPONSOR OF TWO HUD SENIOR CITIZEN PROPERTIES, AND THESE PROGRAM FACILITIES AND OFFICES ARE BASED WITHIN EACH. HOWEVER, THE PROGRAM'S OFFERING ARE NOT LIMITED TO THE RESIDENTS OF THOSE PROPERTIES. THE ENTIRE COMMUNITY IS WELCOME TO UTILIZE OUR PROGRAMMING. THE BROAD GOAL OF THE PROGRAM IS TO GIVE FAMILIES AND INDIVIDUAL SENIORS THE RESOURCES TO IMPROVE AND SUSTAIN AN INDEPENDENT LIFESTYLE. WE WORK TO MAINTAIN THE PHYSICAL, PSYCHOLOGICAL AND SOCIAL WELL-BEING OF OUR SENIORS, AND TO MAKE CERTAIN THAT THEY RECEIVE THE ATTENTION AND THE BENEFITS THEY DESERVE. SOCIAL, CULTURAL AND RECREATIONAL ACTIVITIES FOR OUR SENIORS ARE HELD IN GROUP SETTINGS, AND WE SCHEDULE ARTS AND CRAFTS CLASSES, GAME NIGHTS AND MOVIE NIGHTS REGULARLY DURING THE WEEK. WE ALSO ARRANGE MONTHLY MEDICAL WORKSHOPS FOCUSED ON A NUMBER OF ISSUES SUCH AS BLOOD PRESSURE AWARENESS AND STROKE PREVENTION, ELDER ABUSE, MEDICAID AND MEDICARE NAVIGATION, FIRE SAFETY AND DIABETES. WE HOLD PERIODIC WORKSHOPS AND SEMINARS ADDRESSING SUCH TOPICS AS BEREAVEMENT AND LIVING WILLS. THE AQUINAS HOUSING SENIOR SERVICE PROGRAM IS DEDICATED TO ASSIST THE SENIOR CITIZENRY OF EAST TREMONT AND WEST FARMS IN ACHIEVING THE HIGHEST POSSIBLE QUALITY OF LIFE, BOTH IN THE PHYSICAL AND MENTAL SENSE.
THE ORGANIZATION PROVIDES CLEAN, SAFE HOUSING FOR THE ELDERLY AND DISABLED IN THE BRONX, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Seltzer Executive Di | Officer | 20 | $145,424 |
Jean Bonhomme Controller | Officer | 20 | $106,327 |
Jason Boroff Vice Chair/t | OfficerTrustee | 0 | $12,210 |
Valerie Torres Chairperson | OfficerTrustee | 1 | $0 |
Evelyn Velazquez Secretary | OfficerTrustee | 0 | $0 |
Salvatore Gigante Treasurer | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $89,637 |
| Government grants | $380,300 |
| 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 | $469,937 |
| Total Program Service Revenue | $3,422,594 |
| Investment income | $227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $115,565 |
| 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 | $4,032,792 |
| 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. | $251,751 |
| Compensation of current officers, directors, key employees. | $53,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,082 |
| Payroll taxes | $46,370 |
| Fees for services: Management | $112,971 |
| Fees for services: Legal | $20,456 |
| Fees for services: Accounting | $40,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $332,788 |
| Advertising and promotion | $0 |
| Office expenses | $31,268 |
| Information technology | $8,228 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $608,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $547,648 |
| Insurance | $105,493 |
| All other expenses | $270,936 |
| Total functional expenses | $3,815,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,265,326 |
| Savings and temporary cash investments | $747,173 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,642 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,840,200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $161,271 |
| Net Land, buildings, and equipment | $10,778,197 |
| Investments—publicly traded securities | $888,835 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $590,337 |
| Other assets | $3,080,861 |
| Total assets | $19,419,842 |
| Accounts payable and accrued expenses | $822,771 |
| Grants payable | $0 |
| Deferred revenue | $7,396 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $77,619 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $13,625,780 |
| Other liabilities | $775,316 |
| Total liabilities | $15,308,882 |
| Net assets without donor restrictions | $4,110,960 |
| 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 | $19,419,842 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Aquinas Housing Corporation has recieved totaling $276,922.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $250,000 |
| $26,922 |
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 |