Purchase College Foundation Housing Corporation
- Assets
- $14.9m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 05/2000
- Data as of
- 06/2022
- EIN
- 13-4086734
Organization Overview
Purchase College Foundation Housing Corporation is located in Purchase, NY. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purchase College Foundation Housing 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 06/2022, Purchase College Foundation Housing Corporation generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 0.9% 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
TO SUPPORT THE PURPOSES OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK BY ACQUIRING, LEASING, CONSTRUCTING, RENOVATING, AND MAINTAINING RESIDENTIAL AND OTHER FACILITIES FOR THE USE OF THE STUDENTS AND FACULTY OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION HAS BUILT A THIRTEEN BUILDING RESIDENTIAL COMPLEX, KNOWN AS ALUMNI VILLAGE, ON APPROXIMATELY 7.8 ACRES OF LAND THAT CONTAINS 102 FOUR-BEDROOM APARTMENTS WHICH IS USED AS A DORMITORY FOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Ifill Vice President | OfficerTrustee | 1 | $0 |
Judith Nolan Secretary | OfficerTrustee | 1 | $0 |
David Fleisher President | OfficerTrustee | 1 | $0 |
Sarah James Treasurer | Officer | 5 | $0 |
Karl Duchek Director | Trustee | 1 | $0 |
Milagros Pena Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adt Commercial Llc | 6/29/21 | $545,642 |
Philadelphia Indemnity Insurance Co | 6/29/21 | $204,401 |
Adt Commercial Llc | 6/29/21 | $545,642 |
Philadelphia Indemnity Insurance Co | 6/29/21 | $204,401 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $4,685,528 |
| Investment income | $5,951 |
| 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 | $4,759,182 |
| 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 | $1,442,466 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,045 |
| Advertising and promotion | $0 |
| Office expenses | $8,636 |
| 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 | $491,340 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $664,186 |
| Insurance | $159,661 |
| All other expenses | $0 |
| Total functional expenses | $3,506,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,568,972 |
| Pledges and grants receivable | $127,066 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,912,692 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $308,429 |
| Total assets | $14,917,159 |
| Accounts payable and accrued expenses | $153,169 |
| Grants payable | $0 |
| Deferred revenue | $20,536 |
| Tax-exempt bond liabilities | $9,918,577 |
| 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 | $0 |
| Total liabilities | $10,092,282 |
| Net assets without donor restrictions | $4,824,877 |
| 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 | $14,917,159 |
Grants Awarded
Over the last fiscal year, Purchase College Foundation Housing Corporation has awarded $1,623,270 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PURCHASE COLLEGE ADVANCEMENT CORPORATION PURPOSE: SENIOR HOUSING DEVELOPMENT | $1,300,000 |
Purchase, NY PURPOSE: STUDENT HOUSING DEVELOPMENT | $223,270 |
Purchase, NY PURPOSE: PRESIDENT'S UNRESTRICTED FUND - SUPPORT OF THE FOUNDATION | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |