Clinton Housing Association
- Assets
- $2.6m
- Revenue
- $137.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1974
- Data as of
- 12/2021
- EIN
- 23-7360974
Organization Overview
Clinton Housing Association is located in New York, NY. The organization was established in 1974. 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. Clinton Housing Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IDENTIFIED A SITE FOR LOW INCOME HOUSING. A DEVELOPEMENT TEAM WAS PUT IN PLACE TO ASSIST WITH THE PROJECT FOR URBAN RENEWAL/AFFORDABLE HOUSING. THE DEVELOPING ENTITY WAS FORMED AS WEST 52ND AFFORDABLE DEVELOPERS, LLC., OF WHICH CLINTON HOUSING ASSOCIATION WAS A 35% MEMBER. CONSTRUCTION ON THE PROPERTY BEGAN DURING 2012 AND WAS COMPLETED IN 2014. CLINTON HOUSING ASSOCIATION HAS COMMENCED THE PROCESS OF LOCATING AND IDENTIFYING FUTURE SUITABLE LOCATIONS/PROPERTIES FOR AFFORDABLE HOUSING IN THE CLINTON REGION OF NEW YORK CITY. ALL FOUNDATION FUNDS ARE INTENDED TO BE USED FOR FUTURE AFFORDABLE HOUSING DEVELOPEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ramdial Secy/treas | 0 | $0 | |
Mary Follett Director | 0 | $0 | |
James Condeelis Director | 0 | $0 | |
FR Peter Colapietro Director | 0 | $0 | |
Sr Elizabeth Hasselt Director | 0 | $0 | |
Clarke Bruno Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $35,375 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $101,698 |
| Capital Gain Net Income | $101,698 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $137,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $662 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,707 |
| Total operating and administrative expenses | $18,794 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $18,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,243 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,428,100 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,603,926 |
| Accounts payable and accrued expenses | $6,025 |
| Grants payable | $0 |
| Deferred revenue | $11,962 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,692 |
| Total liabilities | $22,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ndc Housing And Economic Development Corporation Brooklyn, NY | $24,571,760 | $10,401,743 |
Habitat For Humanity International Inc Maple Shade, NJ | $11,003,483 | $12,605,455 |
Greater Berks Development Fund Reading, PA | $39,552,158 | $9,719,449 |
Crotona Park West Housing Development Fund Corporation New York, NY | $24,353,081 | $7,261,955 |
Evergreen Estates Housing Development Fund Company Inc New York, NY | $7,286,125 | $3,876,768 |
Bushwick United Housing Development Fund Corporation Brooklyn, NY | $1,708,540 | $8,681,801 |
Settlement Housing Fund Inc New York, NY | $50,728,547 | $11,765,294 |
Habitat For Humanity International Inc Philadelphia, PA | $20,358,278 | $15,243,125 |
Associated Blind Housing Development Fund Inc Suffern, NY | $60,912,247 | $8,378,742 |
Housing Plus Solutions Inc Brooklyn, NY | $3,042,973 | $8,488,252 |
Owl Tallahassee Housing Inc Boston, MA | $28,680,052 | $6,023,225 |
Lgarpa Corp Turtle Creek, PA | $11,929,864 | $9,395,264 |