Concourse House Housing Development Fund Company Inc
- Assets
- $3.4m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 90
- Location
- Bronx, NY
- Founding
- 12/1987
- Data as of
- 06/2022
- EIN
- 13-3420753
Organization Overview
Concourse House Housing Development Fund Company Inc is located in Bronx, NY. The organization was established in 1987. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Concourse House Housing Development Fund Company Inc employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concourse House 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 06/2022, Concourse House Housing Development Fund Company Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $5.5m during the year ending 06/2022. While expenses have increased by 8.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS NOT-FOR-PROFIT CORPORATION HAS BEEN ORGANIZED TO DEVELOP, MANAGE, OPERATE AND MAINTAIN A HOUSING PROJECT FOR HOMELESS WOMEN AND THEIR CHILDREN UNDER NINE YEARS OF AGE AND PROVIDE SPACE FOR COMMUNITY ACTIVITIES AND COUNSELING.
THIS NOT-FOR-PROFIT CORPORATION HAS BEEN ORGANIZED TO DEVELOP, OPERATE, MANAGE AND MAINTAIN A DAY CARE CENTER.
THE CORPORATION HAS BEEN ORGANIZED TO DEVELOP A PROGRAM TO PROVIDE BALANCED MEALS TO ALL ELIGIBLE CHILDREN IN THE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manuela Schaudt Executive Director | Officer | 40 | $178,978 |
John M Reilly Executive Vice President | OfficerTrustee | 0.25 | $0 |
Jose Norat Director | OfficerTrustee | 0.25 | $0 |
William Daley Secretary | OfficerTrustee | 0.25 | $0 |
Luis Ortega President | OfficerTrustee | 0.25 | $0 |
Erika Martinez Vice President | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,602,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,735,179 |
| Total Program Service Revenue | $11,010 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,062 |
| 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 | $5,844,314 |
| 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. | $230,786 |
| Compensation of current officers, directors, key employees. | $4,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,495,321 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $574,352 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,350 |
| Fees for services: Accounting | $225,451 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,240 |
| Advertising and promotion | $0 |
| Office expenses | $85,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $373,195 |
| Travel | $2,234 |
| 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 | $284,650 |
| Depreciation, depletion, and amortization | $109,851 |
| Insurance | $67,856 |
| All other expenses | $783,807 |
| Total functional expenses | $5,496,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,893 |
| Savings and temporary cash investments | $813,194 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $466,783 |
| 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 | $86,323 |
| Net Land, buildings, and equipment | $1,943,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,630 |
| Total assets | $3,401,118 |
| Accounts payable and accrued expenses | $321,088 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,523,841 |
| Total liabilities | $1,844,929 |
| Net assets without donor restrictions | $1,556,189 |
| 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 | $3,401,118 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Concourse House Housing Development Fund Company Inc has recieved totaling $53,892.
| Awarding Organization | Amount |
|---|---|
Fordham Bedford Housing Corp Bronx, NY PURPOSE: SOCIAL SVC DONATION | $53,892 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ali Forney Center New York, NY | $7,623,264 | $19,818,161 |
Jericho Project New York, NY | $18,950,420 | $17,611,803 |
Middlesex Human Service Agency Inc Waltham, MA | $4,587,746 | $16,335,649 |
Columbus House New Haven, CT | $15,682,244 | $16,470,970 |
Rosies Place Inc Boston, MA | $38,499,401 | $18,742,725 |
Vietnam Veterans Workshop Inc Boston, MA | $30,041,487 | $14,388,519 |
Lifting Up Westchester Inc White Plains, NY | $11,378,064 | $11,870,807 |
Lazarus House Incorporated Lawrence, MA | $10,094,845 | $10,908,998 |
St Christophers Inn Inc Garrison, NY | $7,329,399 | $7,259,618 |
Citizens Inn Inc Peabody, MA | $4,459,514 | $7,948,455 |
Casa Nueva Vida Inc Jamaica Plain, MA | $5,246,257 | $6,906,290 |
Rescue Mission Of Utica Inc Utica, NY | $9,177,377 | $6,677,348 |