4-12 Gouverneur Place Housing Development Fund Corporation
- Assets
- $12.0m
- Revenue
- $755.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Yonkers, NY
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 27-3437725
Organization Overview
4-12 Gouverneur Place Housing Development Fund Corporation is located in Yonkers, NY. The organization was established in 2011. According to its NTEE Classification (L24) the organization is classified as: Independent Housing for People with Disabilities, 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. 4-12 Gouverneur Place 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 12/2021, 4-12 Gouverneur Place Housing Development Fund Corporation generated $755.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $333.5k during the year ending 12/2021. While expenses have increased by 4.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENABLING AND FACILITATING THE DEVELOPMENT OF A 50 UNIT AFFORDABLE/MENTAL HEALTH MIXED USING HOUSING PROJECT IN THE BRONX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS PROVIDING FINANCING FOR THE ACQUISITION AND DEVELOPMENT OF HOUSING ACCOMODATIONS FOR PERSONS OF LOW INCOME AND/OR FAMILIES OF LOW-INCOME (AS THOSE TERMS DEFINED IN SECTION TWO OF THE PRIVATE HOUSING FINANCE LAW), AT 4-12 GOUVENERNEUR PLACE IN BRONX, NY WHICH IS INTENDED TO BE A HOUSING PROJECT CONSISTING OF STUDIO APARTMENTS FOR LOW INCOME INDIVIDUALS DIAGNOSED WITH SERIOUS MENTAL ILLNESS AND FAMILY APARTMENTS FOR LOW INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Nightingale President/ceo | OfficerTrustee | 35 | $0 |
Andrew Germansky Vice President | Officer | 35 | $0 |
James Coughlin Secretary/treasurer | Officer | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $726,380 |
| 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 | $726,380 |
| Total Program Service Revenue | $0 |
| Investment income | $29,429 |
| 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 | $755,809 |
| 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 | $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 | $1,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $331,609 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $333,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,967,920 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,967,920 |
| Accounts payable and accrued expenses | $1,851 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,272,777 |
| 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 | $7,779 |
| Total liabilities | $9,282,407 |
| Net assets without donor restrictions | $2,685,513 |
| 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 | $11,967,920 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Solutions International Inc New York, NY | $178,069,310 | $122,989,223 |
Journey Found Manchester, CT | $6,031,928 | $16,879,754 |
Gilead Community Services Inc Middletown, CT | $4,294,292 | $16,208,172 |
Seaview Senior Living Housing Development Fund Corporation Staten Island, NY | $64,749,776 | $8,609,081 |
Pacific Gas & Electric Long-Term Disability Trust For Non-Union Emp Pittsburgh, PA | $32,740,519 | $8,478,882 |
Vermont Center For Independent Living Vcil Montpelier, VT | $1,453,858 | $3,004,361 |
Camphill Hudson Inc Hudson, NY | $3,052,537 | $2,704,723 |
Burnett Walnut Corporation Neptune, NJ | $1,590,576 | $1,444,318 |
Regional Center For Independent Living Inc Rochester, NY | $772,580 | $1,024,863 |
Markus Gardens Housing Development Fund Corporation New York, NY | $17,544,410 | $1,031,064 |
4-12 Gouverneur Place Housing Development Fund Corporation Yonkers, NY | $11,967,920 | $755,809 |
Acmh Building 74 Hdfc New York, NY | $16,327,887 | $1,092,932 |