E C Housing Development Fund Company Inc
- Assets
- $2.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Bronx, NY
- Founding
- 08/1982
- Data as of
- 12/2021
- EIN
- 13-3121459
Organization Overview
E C Housing Development Fund Company Inc is located in Bronx, NY. The organization was established in 1982. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2021, E C Housing Development Fund Company Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. E C 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORADABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING FOR THE ELDERY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Boroff Director | Trustee | 0.1 | $2,226 |
Carmen Reyes Treasurer | OfficerTrustee | 0.05 | $0 |
Salvatore Gigante Secretary/ C | OfficerTrustee | 0.3 | $0 |
Enrico Boccia Chair | OfficerTrustee | 0.05 | $0 |
Latoya Allen Vice Preside | Officer | 0.5 | $0 |
Migdalia Morales Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,999 |
| 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 | $18,999 |
| Total Program Service Revenue | $2,017,214 |
| Investment income | $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 | $2,036,769 |
| 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 | $145,849 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,016 |
| Payroll taxes | $13,581 |
| Fees for services: Management | $92,288 |
| Fees for services: Legal | $3,643 |
| Fees for services: Accounting | $15,599 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,132 |
| Advertising and promotion | $0 |
| Office expenses | $22,508 |
| Information technology | $0 |
| 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 | $396,776 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251,978 |
| Insurance | $153,196 |
| All other expenses | $177,922 |
| Total functional expenses | $2,203,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,232 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,735 |
| 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 | $156,686 |
| Net Land, buildings, and equipment | $2,251,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $214,147 |
| Other assets | $196,985 |
| Total assets | $2,924,814 |
| Accounts payable and accrued expenses | $602,334 |
| Grants payable | $0 |
| Deferred revenue | $26,532 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $38,733 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,422,712 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $168,503 |
| Total liabilities | $7,258,814 |
| Net assets without donor restrictions | -$4,334,000 |
| 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 | $2,924,814 |
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