334-336 Bergen Street Housing Development Fund Corporation

Organization Overview

334-336 Bergen Street Housing Development Fund Corporation is located in New York, NY. The organization was established in 1989. 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, 334-336 Bergen Street Housing Development Fund Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 334-336 Bergen Street Housing Development Fund 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 06/2021, 334-336 Bergen Street Housing Development Fund Corporation generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.9m during the year ending 06/2021. While expenses have increased by 10.9% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OPERATE & LEASE LOW-INCOME, SUPPORTIVE HOUSING FOR MENTALLY ILL & CHRONICALLY HOMELESS PERSONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES SUPPORTIVE HOUSING PROGRAMS FOR MENTALLY ILL RESIDENTS IN BROOKLYN, NEW YORK- INCLUDES 58 RESIDENTIAL UNITS. SERVICES INCLUDE INDIVIDUAL ADVOCACY, COUNSELING, FINANCIAL AWARENESS, AND SELF SUSTENANCE.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Saueracker
Board Vice Chair
$0
Robin Robin
Board Treasurer
$0
Dave Dominick Reid
Board Secretary
$0
Tamer Seoud
CFO (resigned 1/2021)
$0
Kerron Norman
Cpo
$0
Damyn Kelly
President & CEO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $837,779
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$837,779
Total Program Service Revenue$438,771
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 $1,281,550

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