Norfolk Housing Development Fund Company Inc

Organization Overview

Norfolk Housing Development Fund Company Inc is located in Norfolk, NY. The organization was established in 1990. 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 12/2021, Norfolk Housing Development Fund Company Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norfolk 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 12/2021, Norfolk Housing Development Fund Company Inc generated $169.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $186.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. 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

THIS COMPANY HAS BEEN ORGANIZED EXCLUSIVELY, AS ITS SOLE PURPOSE, TO DEVELOP, ON A NOT-FOR-PROFIT BASIS, A 24-UNIT HOUSING PROJECT FOR PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION OF A 24-UNIT HOUSING PROJECT FOR LOW-INCOME SENIOR CITIZENS AND OTHER QUALIFIED INDIVIDUALS.


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Board, Officers & Key Employees

Name (title)Compensation
Bonnie Davey
Board Member
$36,140
Carl Caskinette
President
$0
Eva Enache
Treasurer
$0
Donna Peterson
Vice President
$0
Mary Jane Byrne
Secretary
$0

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$169,597
Investment income $25
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 $169,622

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