Habitat For Humanity Nyc Fund Inc
- Assets
- $4.5m
- Revenue
- $667.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2017
- Data as of
- 06/2021
- EIN
- 38-4028626
Organization Overview
Habitat For Humanity Nyc Fund Inc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, 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. Habitat For Humanity Nyc Fund 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 06/2021, Habitat For Humanity Nyc Fund Inc generated $667.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $356.1k during the year ending 06/2021. While expenses have increased by 18.0% per year over the past 4 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
TO PROMOTE COMMUNITY DEVELOPMENT AND HOMEOWNERSHIP AND TO EXPAND THE AVAILABILITY OF AFFORDABLE HOUSING BY PROVIDING FINANCING AND TECHNICAL ASSISTANCE AND OTHER EDUCATIONAL AND DEVELOPMENT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HABITAT NYC COMMUNITY FUND (THE "FUND") IS A CDFI-CERTIFIED REVOLVING LOAN FUND THAT PROVIDES ACCESS TO AFFORDABLE, SMALL-SCALE FINANCING TO THOSE WHO NEED IT MOST AND ARE MOST FREQUENTLY DENIED IT, LIKE RESIDENT-OWNED AFFORDABLE HOUSING DEVELOPMENTS AND NON-PROFIT AFFORDABLE HOUSING DEVELOPERS. A LOW-INTEREST, SITUATIONALLY-APPROPRIATE LOAN FROM THE FUND CAN HELP EXISTING AFFORDABLE HOUSING DEVELOPMENTS MAKE CAPITAL REPAIRS, PAY OFF FINES AND LIENS, STABILIZE OVERALL FINANCES AND POTENTIALLY UNLOCK ADDITIONAL CAPITAL FROM OTHER, OFTEN PUBLIC, SOURCES. THE FUND ALSO LENDS CAPITAL TO NOT-FOR-PROFIT AFFORDABLE HOUSING DEVELOPERS, INCLUDING HABITAT FOR HUMANITY AFFILIATES ACROSS NEW YORK STATE, WHO MAY OTHERWISE BE UNABLE TO ACCESS THE TYPE OF CAPITAL THEY NEED THROUGH THE TRADITIONAL LOAN PROCESS. WITH AFFORDABLE CREDIT, THESE DEVELOPERS MAKE GREAT CHANGES WITHIN THEIR COMMUNITIES, BUILDING AND PRESERVING MORE HOUSING ACROSS THE STATE. FOR THE FUND'S FIRST EIGHT LOANS, EVERY DOLLAR WE LENT LEVERAGED $9.99 IN ADDITIONAL CAPITAL FOR OUR BORROWERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Father Stephen Mimnaugh Chair - Until Sept. 2020 | OfficerTrustee | 1 | $0 |
Brain Hsu Chair - As Of Sept. 2020 | OfficerTrustee | 1 | $0 |
Karen Haycox Board Secretary/president | Officer | 1 | $0 |
Alexander Havriliak Board Treasurer/cfo | Officer | 1 | $0 |
Zali Win Board Member - Until Sept. 2020 | Trustee | 1 | $0 |
Christine Mcguinness Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $415,911 |
| Total Program Service Revenue | $235,053 |
| Investment income | $0 |
| 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 | $667,687 |
| 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. | $59,991 |
| Compensation of current officers, directors, key employees. | $8,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,899 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,159 |
| Payroll taxes | $16,767 |
| 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 | $5,828 |
| Advertising and promotion | $0 |
| Office expenses | $10,051 |
| Information technology | $2,849 |
| Royalties | $0 |
| Occupancy | $19,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,767 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,210 |
| All other expenses | $3,558 |
| Total functional expenses | $356,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,662,103 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $203,551 |
| 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 | $2,635,013 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,500,667 |
| Accounts payable and accrued expenses | $3,042 |
| Grants payable | $77,405 |
| Deferred revenue | $276,614 |
| 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 | $500,000 |
| Other liabilities | $30,000 |
| Total liabilities | $887,061 |
| Net assets without donor restrictions | $3,613,606 |
| 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 | $4,500,667 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Habitat For Humanity Nyc Fund Inc has recieved totaling $74,600.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $37,300 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $37,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Housing Finance Agency Burlington, VT | $515,924,415 | $30,569,520 |
Massachusetts Housing Investment Corp Boston, MA | $51,753,115 | $18,783,706 |
Bluehub Loan Fund Inc Boston, MA | $271,825,520 | $22,754,955 |
Bridgeport Neighborhood Trust Inc Bridgeport, CT | $32,575,822 | $5,985,060 |
The Housing Partnership Fund Inc Boston, MA | $55,046,443 | $7,425,102 |
Housing Development Fund Inc Stamford, CT | $52,033,074 | $5,301,670 |
Brethren Home Foundation New Oxford, PA | $93,081,765 | $10,604,405 |
Charles T Sitrin Network Of Homes & Services Inc New Hartford, NY | $5,734,568 | $2,565,351 |
Community Lenders Community Development Corporation Souderton, PA | $50,531,502 | $2,129,949 |
St Andrews Housing Dev Fund Co Bronx, NY | $6,076,696 | $1,599,941 |
Concorse Gardens Housing Development Fund Company Inc New York, NY | $6,125,545 | $1,915,994 |
Our Lady Of Fatima Apartments Housing Dev Fund Company Inc Brooklyn, NY | $6,530,778 | $972,901 |