Geel East 162nd Street Housing Development Fund Corporation
- Assets
- $8.2m
- Revenue
- $959.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 01/2000
- Data as of
- 06/2022
- EIN
- 31-1679290
Organization Overview
Geel East 162nd Street Housing Development Fund Corporation is located in Bronx, NY. The organization was established in 2000. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is the central organization for a national or regional group of organizations. Geel East 162nd Street 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Marley President | 0.06 | $0 | |
Madaha Kinsey-Lamb Secretary/treasurer | 0.06 | $0 | |
Robert Robinson Board Member | 0.06 | $0 | |
Ricky Pizarro Board Member | 0.06 | $0 | |
Maria Matias Executive Director | 1 | $0 | |
Fred Camerata Board Member | 0.06 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,510 |
| Dividends & Interest | $0 |
| Net Rental Income | $955,644 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $959,154 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,127,295 |
| Total operating and administrative expenses | $1,127,295 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,127,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,272 |
| Savings and temporary cash investments | $3,497,470 |
| Net Accounts receivable | $110,721 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,051 |
| Net Investments - land, buildings, equipment | $4,068,454 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,840 |
| Total assets | $8,158,808 |
| Accounts payable and accrued expenses | $23,463 |
| Grants payable | $0 |
| Deferred revenue | $11,752 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $7,148,028 |
| Other liabilities | $1,355,449 |
| Total liabilities | $8,538,692 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Womens Housing And Economic Development Corporation Bronx, NY | $29,527,353 | $27,859,543 |
Joint Ownership Entity New York City Corp New York, NY | $155,995,039 | $17,434,025 |
Breaking Ground Housing Development Fund Corporation New York, NY | $193,138,085 | $25,961,669 |
Highland Park Community Development Corporation Brooklyn, NY | $3,265,910 | $15,414,103 |
Centerboard Inc Lynn, MA | $21,186,335 | $15,673,773 |
Beyond Owners Group Inc Willow Street, PA | $131,731,512 | $8,827,345 |
Springpoint Senior Living Inc Cherry Hill, NJ | $72,542,176 | $10,591,630 |
Interstate I Affordable Housing Inc New York, NY | $783,725 | $8,991,908 |
Ascendant Neighborhood Development Corporation New York, NY | $39,528,943 | $4,446,577 |
University Properties Inc East Stroudsburg, PA | $58,514,914 | $5,926,957 |
Michaels Community Services Corporation Camden, NJ | $48,473,807 | $8,637,574 |
Rebuilding Together Pittsburgh Pittsburgh, PA | $2,584,527 | $5,910,311 |