National Housing Resource Group Inc
- Assets
- $1.7m
- Revenue
- $7.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Yonkers, NY
- Founding
- 01/2003
- Data as of
- 03/2022
- EIN
- 30-0105836
Organization Overview
National Housing Resource Group Inc is located in Yonkers, NY. The organization was established in 2003. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. National Housing Resource Group 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 03/2022, National Housing Resource Group Inc generated $7.3k 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 (52.8%) each year. All expenses for the organization totaled $11.5k during the year ending 03/2022. 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
OWNED AND MANAGED LOW INCOME RESIDENTIAL HOUSING UNITS AND WILL CONTINUE TO PARTICIPATE IN THE DEVELOPMENT AND FACILITATE LOW-INCOME AFFORDABLE HOUSING PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF RESIDENTIAL HOUSING APARTMENTS TO 98 LOW INCOME FAMILIES OR INDIVIDUALS SUBJECT TO U.S. GOVERNMENT HOUSING AND URBAN DEVELOPMENT RULES, REGULATIONS AND STATUTORY CRITERIA.
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Karl President | OfficerTrustee | 1 | $10,000 |
Howard Sorkin Secretary | OfficerTrustee | 1 | $0 |
Ron Conti Director | 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 | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $7,272 |
| 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 | $7,272 |
| 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. | $10,000 |
| Compensation of current officers, directors, key employees. | $5,000 |
| 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 | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,289 |
| All other expenses | $250 |
| Total functional expenses | $11,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,290 |
| Savings and temporary cash investments | $1,742,619 |
| 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 | $0 |
| 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 | $1,743,909 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,743,909 |
| 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 | $1,743,909 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cambridge Community Housing Development Inc Cambridge, MA | $56,982,552 | $7,704,327 |
New Samaritan Corporation Inc Storrs, CT | $12,270,724 | $7,624,848 |
Providence Housing Development Corporation Rochester, NY | $12,131,024 | $9,484,321 |
Equinox Inc Albany, NY | $7,754,124 | $11,254,428 |
Daughter Of Miriam Association Clifton, NJ | $0 | $8,577,466 |
Rochester Management Inc Rochester, NY | $15,106,778 | $10,149,651 |
Jerome Avenue Care For The Homeless New York, NY | $8,771,577 | $9,215,112 |
Fox Lake Ahf Inc Newark, NJ | $17,499,126 | $5,986,974 |
Oub Court Housing Company Inc Bronx, NY | $15,971,755 | $7,036,525 |
Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc Garden City, NY | $32,454,650 | $10,208,365 |
Norris Square Community Alliance Philadelphia, PA | $13,759,138 | $8,779,038 |
Evernorth Burlington, VT | $26,020,823 | $8,207,006 |