Mid-Bronx Housing Development Fund
- Assets
- $6.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 27
- Location
- Bronx, NY
- Founding
- 08/1974
- Data as of
- 06/2021
- EIN
- 23-7363423
Organization Overview
Mid-Bronx Housing Development Fund is located in Bronx, 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. As of 06/2021, Mid-Bronx Housing Development Fund employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Bronx Housing Development Fund 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, Mid-Bronx Housing Development Fund generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.4m during the year ending 06/2021. 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
MID-BRONX HDFC WAS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF DEVELOPING HOUSING FOR PERSONS OF LOW INCOME LOCATED IN THE BRONX, NY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HOUSING AND SOCIAL SERVICES TO PREVIOUSLY HOMELESS, VERY LOW INCOME, LOW INCOME AND MORERATE INCOME RESIDENTS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Coleman Vice Chair | OfficerTrustee | 1 | $0 |
Raymond Jones Chairman | OfficerTrustee | 1 | $0 |
Jeanette Puryear Secretary/treasurer | OfficerTrustee | 21 | $0 |
Dr Madan Paul Member | Trustee | 1 | $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 | $3,328,404 |
| Investment income | $158,441 |
| 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 | $3,561,955 |
| 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 | $286,945 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,721 |
| Payroll taxes | $15,515 |
| Fees for services: Management | $194,864 |
| Fees for services: Legal | $14,098 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,053 |
| Advertising and promotion | $0 |
| Office expenses | $76,767 |
| Information technology | $17,195 |
| Royalties | $0 |
| Occupancy | $1,227,491 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,000 |
| Insurance | $282,013 |
| All other expenses | $20,868 |
| Total functional expenses | $2,433,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,755 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,039,676 |
| 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 | $226,563 |
| Investments—publicly traded securities | $476,266 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,119,877 |
| Total assets | $6,085,137 |
| Accounts payable and accrued expenses | $386,883 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $88,800 |
| Other liabilities | $325,101 |
| Total liabilities | $800,784 |
| Net assets without donor restrictions | $5,284,353 |
| 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 | $6,085,137 |
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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 |