Lohman Village Housing Development Fund Corporation

Organization Overview

Lohman Village Housing Development Fund Corporation is located in Mount Vernon, NY. The organization was established in 2016. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lohman Village Housing Development Fund Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Lohman Village Housing Development Fund Corporation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION HAS BEEN ORGANIZED EXCLUSIVELY TO OWN, OPERATE AND MANAGE ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME IN THE CITY OF MOUNT VERNON, WESTCHESTER COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOHMAN VILLAGE HOUSING DEVELOPMENT FUND CORPORATION ("LOHMAN VILLAGE"), LOCATED IN MOUNT VERNON, NEW YORK, IS A 31-UNIT INDEPENDENT LIVING FACILITY FOR THE ELDERLY KNOWN AS LOHMAN VILLAGE.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Holden
Vice Chair
$0
Thomas A Roth
Secretary
$0
Robert Ranieri
Chair
$0
Floyd V Myers
Vice Chair
$0
Rev Amandus Derr
Chair Emeritus
$0
David J Gentner
President
$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$1,658,219
Investment income $29,120
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,645
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,697,024

Endowment Analysis

Beg. Balance$830,531
Earnings$75,314
Ending Balance$905,845

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