920 Prospect Gardens Housing Development Fund Corp
- Assets
- $6.2m
- Revenue
- $845.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- Data as of
- 12/2023
- EIN
- 46-3830943
Organization Overview
920 Prospect Gardens Housing Development Fund Corp is located in Bronx, NY. 920 Prospect Gardens Housing Development Fund Corp 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 12/2023, 920 Prospect Gardens Housing Development Fund Corp generated $845.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 5.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A 68 UNIT LOW-INCOME RESIDENTIAL HOUSING PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 68 UNIT, LOW-INCOME RESIDENTIAL HOUSING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raul Russi President | Officer | 0 | $0 |
Lymaris Albors Chief Executive Officer | Officer | 0 | $0 |
Jose A Rodriguez Chief Legal Officer/executive | Officer | 0 | $0 |
Vicky Gatell Chief Financial Officer | Officer | 0 | $0 |
Eliezer Rodriguez Chair | OfficerTrustee | 1 | $0 |
Kaleb Sanchez Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $108,109 |
| 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 | $108,109 |
| Total Program Service Revenue | $710,471 |
| Investment income | $27,040 |
| 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 | $845,620 |
| 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 | $44,627 |
| Fees for services: Legal | $4,955 |
| Fees for services: Accounting | $57,670 |
| 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 | $109,212 |
| Information technology | $1,649 |
| Royalties | $0 |
| Occupancy | $654,948 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,299 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $138,604 |
| Insurance | $142,331 |
| All other expenses | $0 |
| Total functional expenses | $1,243,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,234 |
| Savings and temporary cash investments | $1,449,271 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,046 |
| 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 | $50,951 |
| Net Land, buildings, and equipment | $4,173,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $422,200 |
| Total assets | $6,156,011 |
| Accounts payable and accrued expenses | $445,892 |
| Grants payable | $0 |
| Deferred revenue | $9,731 |
| 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 | $8,361,467 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $586,773 |
| Total liabilities | $9,403,863 |
| Net assets without donor restrictions | -$3,247,852 |
| 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 | $6,156,011 |