431 Herkimer Street Housing Development Fund Company Inc
- Assets
- $2.9m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2012
- Data as of
- 09/2021
- EIN
- 45-3012902
Organization Overview
431 Herkimer Street Housing Development Fund Company Inc is located in New York, NY. The organization was established in 2012. 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. 431 Herkimer Street Housing Development Fund Company Inc 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO PERSONS WITH CHRONIC MENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S SPONSOR AND SOLE OWNER, THE BRIDGE, INC., ENTERED INTO A DEVELOPMENT AGREEMENT WITH HERKIMER STREET RESIDENCE, L.P. TO DEVELOP THE HERKIMER STREET PROJECT LOCATED IN BROOKLYN, NEW YORK. THE AGREEMENT WAS FINANCED AND IS BEING PAID BY THE PROCEEDS OF A LOAN, TO HERKIMER L.P. BY A BANK IN ADDITION TO AN EQUITY INVESTMENT FROM THE SALE OF LOW INCOME HOUSING CREDITS. THE PROJECT WAS COMPLETED AUGUST 2015.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia C Wainwright President | OfficerTrustee | 0.1 | $0 |
Albert E Mayas Secretary | OfficerTrustee | 0.1 | $0 |
Carol Buckler Treasurer | OfficerTrustee | 0.1 | $0 |
Susan Wiviott CEO | Officer | 0.5 | $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 | $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 | $0 |
| 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 | $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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| 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 | $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 | $2,885,009 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,885,009 |
| 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 | $2,885,009 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,885,009 |
| Net assets without donor restrictions | $0 |
| 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 | $2,885,009 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Federation Building 74 Hdfc West Babylon, NY | $16,049,618 | $1,166,287 |
Tsiny Building 74 Hdfc Whitestone, NY | $16,231,289 | $1,082,688 |
Skyline Recovery Pittsburgh, PA | $178,750 | $306,196 |
Oh Soundview Avenue Housing Development Fund Corporation New York, NY | $13,303,048 | $980,540 |