Muhlenberg Community Housing Development Fund Corporation
- Assets
- $13.2m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 41
- Location
- New York, NY
- Founding
- 12/1995
- Data as of
- 06/2021
- EIN
- 13-3826209
Organization Overview
Muhlenberg Community Housing Development Fund Corporation is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Muhlenberg Community Housing Development Fund Corporation employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Muhlenberg Community 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, Muhlenberg Community Housing Development Fund Corporation generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $5.3m during the year ending 06/2021. While expenses have increased by 6.6% 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.
Form
990
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 INCLUDING 201 RESIDENTIAL UNITS. SERVICES INCLUDE INDIVIDUAL ADVOCACY, COUNSELING, FINANCIAL AWARENESS AND SELF SUSTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Saueracker Board Vice Chair | OfficerTrustee | 0.1 | $0 |
Kerron Norman Cpo | Officer | 1 | $0 |
Tamer Seoud CFO (resigned 1/31/21) | Officer | 5 | $0 |
Damyn Kelly President & CEO | Officer | 5 | $0 |
Darrel Upson Board Director | Trustee | 0.1 | $0 |
Philip Alan Treffeison Board Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,442,557 |
| 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 | $2,442,557 |
| Total Program Service Revenue | $1,409,661 |
| Investment income | $9,324 |
| 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 | $3,873,664 |
| 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 | $1,679,496 |
| Pension plan accruals and contributions | $75,714 |
| Other employee benefits | $290,621 |
| Payroll taxes | $124,840 |
| Fees for services: Management | $431,548 |
| Fees for services: Legal | $11,506 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $348,172 |
| Advertising and promotion | $0 |
| Office expenses | $261,532 |
| Information technology | $1,737 |
| Royalties | $0 |
| Occupancy | $268,109 |
| Travel | $8,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,958 |
| Interest | $104,032 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $389,962 |
| Insurance | $254,600 |
| All other expenses | $30,137 |
| Total functional expenses | $5,276,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,385 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $708,623 |
| 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 | $139,835 |
| Net Land, buildings, and equipment | $10,138,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,253,328 |
| Total assets | $13,246,264 |
| Accounts payable and accrued expenses | $523,990 |
| Grants payable | $0 |
| Deferred revenue | $279,047 |
| 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 | $11,283,932 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,452,030 |
| Total liabilities | $14,538,999 |
| Net assets without donor restrictions | -$1,292,735 |
| 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 | $13,246,264 |
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|---|---|---|
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
Wellspan Properties Inc York, PA | $178,389,137 | $19,225,192 |
Rebecca Residence Allison Park, PA | $63,370,668 | $20,665,205 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Alliance For Behavioral & Developmental Disabilities Ltd Hermitage, PA | $7,380,317 | $14,591,071 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |
Living Independently Forever Inc Hyannis, MA | $12,273,693 | $10,857,981 |
Civic Builders Inc New York, NY | $87,716,137 | $21,789,241 |
Buffalo Federation Of Neighborhood Centers Inc Buffalo, NY | $8,954,316 | $11,146,328 |
Grand Street Guild East Housing Development Fund Company Inc Garden City, NY | $32,476,672 | $9,886,793 |