Joseph J Yancy Jr Housing Development Fund Company Inc
- Assets
- $3.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 11/1997
- Data as of
- 12/2023
- EIN
- 13-3238626
Organization Overview
Joseph J Yancy Jr Housing Development Fund Company Inc is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Joseph J Yancy Jr Housing Development Fund Company Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph J Yancy Jr 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 12/2023, Joseph J Yancy Jr Housing Development Fund Company Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 0.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW AND MODERATE INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LOW AND MODERATE INCOME HOUSING FOR THE ELDERLY. THE PROJECT IS AN APARTMENT BUILDING CONSISTING OF 66 UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lenore Browne Vice Chair | OfficerTrustee | 1 | $0 |
Iieana Dela Rosa Chairperson | OfficerTrustee | 1 | $0 |
Ms Genevieve Outlaw Secretary | OfficerTrustee | 1 | $0 |
Shawnique Wheeler Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fjc Security Services Inc Security | 12/30/16 | $123,199 |
Skyline Restoration Inc Facade Restoration | 12/30/16 | $227,118 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,001,844 |
| 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 | $1,001,844 |
| Total Program Service Revenue | $266,017 |
| 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 | $1,267,861 |
| 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 | $192,488 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,251 |
| Payroll taxes | $14,821 |
| Fees for services: Management | $92,527 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $67,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $135,092 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,970 |
| Insurance | $197,741 |
| All other expenses | $0 |
| Total functional expenses | $1,398,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,779 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,510 |
| 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 | $136,997 |
| Net Land, buildings, and equipment | $2,950,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $227,642 |
| Total assets | $3,587,847 |
| Accounts payable and accrued expenses | $96,327 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,037,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,984 |
| Total liabilities | $6,165,211 |
| Net assets without donor restrictions | -$2,577,364 |
| 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 | $3,587,847 |