Fund For Public Housing Inc, operating under the name Public Housing Community Fund, is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Public Housing Community Fund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Housing Community Fund 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, Public Housing Community Fund generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 21.7% per year over the past 8 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.
Since 2017, Public Housing Community Fund has awarded 28 individual grants totaling $1,254,261. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE OPPORTUNITIES AND QUALITY OF LIFE FOR NEW YORK CITY HOUSING RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND SUPPORTS PROGRAMS IN FOUR AREAS - LEADERSHIP DEVELOPMENT, WORKFORCE SKILLS & ECONOMIC MOBILITY, COMMUNITY HEALTH, AND FINANCIAL EMPOWERMENT - TO EMPOWER NYCHA RESIDENTS TO MAXIMIZE THEIR CAPABILITIES AND FULFILL THEIR ASPIRATIONS.THE FUND'S PROGRAMMATIC INVESTMENTS INCLUDE THE FOLLOWING INITIATIVES: YOUTH LEADERSHIP PROGRAMS SCHOLARSHIPS FOR NYCHA RESIDENTS ENROLLED IN CUNY INSTITUTIONS NYCHA RESIDENT SMALL BUSINESS DEVELOPMENT CONNECTED COMMUNITIES / GREEN SPACE CONNECTIONS FAMILY SELF-SUFFICIENCY EXPANSION OUTCOMES OF THE ABOVE INITIATIVES INCLUDE THE FOLLOWING: 1. YOUTH LEADERSHIPTHE PUBLIC HOUSING COMMUNITY FUND HOSTED ITS FIFTH COHORT OF ARCSCHOLARS, A PROGRAM IN PARTNERSHIP WITH NEW YORK CITY COLLEGE OF TECHNOLOGY (CITY TECH) THAT INTRODUCES NYCHA YOUTH AND YOUNG ADULTS AGES 16 TO 24 TO THE FIELD OF ARCHITECTURE WITH INSTRUCTION BY LICENSED ARCHITECTS AND COMPLETION OF A DESIGN PROJECT AT A NYCHA DEVELOPMENT. THE FUND INAUGURATED NYCHA REAL ESTATE SCHOLARS IN PARTNERSHIP WITH NEW YORK UNIVERSITY SCHOOL OF PROFESSIONAL STUDIES/SCHACK INSTITUTE OF REAL ESTATE. THE PROGRAM INTRODUCES NYCHA 11TH AND 12TH GRADE STUDENTS TO ALL ASPECTS OF THE FIELD OF REAL ESTATE, INCLUDING DEVELOPMENT, ZONING, FINANCING, BROKERAGE, COMMUNITY ENGAGEMENT, AND MORE, THROUGH CLASSROOM INSTRUCTION AND FIELD TRIPS TO KEY COMMERCIAL AND RESIDENTIAL DEVELOPMENTS IN NEW YORK CITY. 2. CUNY SCHOLARSHIPSTHE FUND ANNUALLY GRANTS $1000 SCHOLARSHIPS TO 10-15 NYCHA RESIDENTS ENROLLED IN CUNY INSTITUTIONS TO SUPPORT THEIR STUDIES. RECIPIENTS MUST HAVE MAINTAINED A 3.0 GRADE POINT AVERAGE AND HAVE AT LEAST 60 ACADEMIC CREDITS. WHILE PUBLIC HOUSING RESIDENTS ARE TYPICALLY ELIGIBLE FOR FULL TUITION ASSISTANCE AT CUNY SCHOOLS, MANY DO NOT HAVE THE RESOURCES TO PAY FOR OTHER EDUCATIONAL NEEDS, SUCH AS COURSE MATERIALS, PREP COURSES, TUTORING, CHILDCARE, TRANSPORTATION EXPENSES, AND GRADUATE/PROFESSIONAL SCHOOL APPLICATIONS. THE NYCHA CUNY SCHOLARSHIP, SUPPORTED BY THE PUBLIC HOUSING COMMUNITY SUPPORTS THESE NEEDS AND THE COMPLETION OF POST-SECONDARY EDUCATION. IN 2022, AN ADDITIONAL 35 NYCHA RESIDENTS RECEIVED A $1,000 SCHOLARSHIP THROUGH A GRANT TO THE PUBLIC HOUSING COMMUNITY FUND FROM AMAZON. THE AMAZON CUNY SCHOLARSHIP ALSO PROVIDES ONE-ON-ONE MENTORSHIP TO NYCHA CUNY SCHOLARS AND A PAID FELLOWSHIP FOR FIVE STUDENTS WITH NYCHA OR THE FUND. 3. CONNECTED COMMUNITIES / COMMUNITY HEALTHIN 2022, THE FUND LAUNCHED GREEN SPACE CONNECTIONS, SCALING THE CONNECTED COMMUNITIES INITIATIVE THROUGH ENGAGING RESIDENTS AT FOUR HIGH-NEED NYCHA DEVELOPMENTS IN BROOKLYN AND THE BRONX TO INCREASE ACCESS TO HEALTHY, SAFE, AND SUSTAINABLE GREEN SPACES IN COLLABORATION WITH EXPERT PARTNERS IN GREENSPACE, HUMAN-CENTERED DESIGN, COMMUNITY PROGRAMMING, AND COMMUNICATION. 5. SMALL BUSINESS DEVELOPMENT/WORKFORCE SKILLS & ECONOMIC MOBILITYTHE FUND ENTERED THE SECOND YEAR OF THE CONSTRUCTION BUSINESS PATHWAYS PROGRAM, WHICH INCLUDES MENTORSHIP, A KEY COMPONENT THAT PREPARES NYCHA RESIDENT PARTICIPANTS TO FORMALIZE THEIR CONSTRUCTION BUSINESSES THROUGH LICENSING AND APPRENTICESHIPS, LEADING TO CONTRACTS. 6. FAMILY SELF-SUFFICIENCY PROGRAM EXPANSION/FINANCIAL EMPOWERMENTTHE FUND INITIATED AN EXPANSION OF THE FAMILY SELF-SUFFICIENCY (FSS) PROGRAM, WHICH PROVIDES A RENT INCENTIVE ENABLING QUALIFIED NYCHA SECTION 8 RESIDENTS TO PURSUE FINANCIAL GOALS WHILE DEPOSITING RENT INCREASE FUNDS INTO AN INTEREST-BEARING ESCROW ACCOUNT. PARTICIPANTS SET CONTRACTUAL FINANCIAL GOALS FOR EDUCATION, VOCATIONAL TRAINING, CAREER ADVANCEMENT, OR ENTREPRENEURSHIP, WHICH MUST BE MET WITHIN FIVE YEARS. PROGRAM EXPANSION BEGAN THROUGH TARGETED OUTREACH IN WESTERN QUEENS, AND INITIAL STEPS WERE TAKEN TO EVALUATE THE FEASIBILITY OF EXTENDING THE PROGRAM TO NYCHA SECTION 9 RESIDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joanne Wilson Chair | OfficerTrustee | 1 | $0 |
Diallo Powell Vice Chair | OfficerTrustee | 1 | $0 |
Scott Anderson Treasurer (left During 2023) | OfficerTrustee | 1 | $0 |
Liz Neumark Secretary | OfficerTrustee | 1 | $0 |
Gregory Russ Chairman (former) | OfficerTrustee | 1 | $0 |
Ukah Busgith Director | Trustee | 1 | $0 |
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 | $7,392,891 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,392,891 |
Total Program Service Revenue | $0 |
Investment income | $116,778 |
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 | $7,509,669 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $824,509 |
Grants and other assistance to domestic individuals. | $70,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $200,000 |
Compensation of current officers, directors, key employees. | $66,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $79,231 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $16,919 |
Payroll taxes | $15,350 |
Fees for services: Management | $225,348 |
Fees for services: Legal | $234 |
Fees for services: Accounting | $16,872 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,691,185 |
Advertising and promotion | $9,374 |
Office expenses | $45,976 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $5,362 |
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 | $10,774 |
All other expenses | $0 |
Total functional expenses | $3,400,984 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,524,080 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $2,780,000 |
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 | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $9,304,080 |
Accounts payable and accrued expenses | $646,225 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $646,225 |
Net assets without donor restrictions | $603,278 |
Net assets with donor restrictions | $8,054,577 |
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 | $9,304,080 |
Over the last fiscal year, Fund For Public Housing Inc has awarded $342,602 in support to 10 organizations.
Grant Recipient | Amount |
---|---|
BRIC ARTS | | | $10,000 |
KINGS AGAINST VIOLENCE INITI PURPOSE: Community Youth Healer Training | $30,000 |
CUNY SCHOLARSHIPS PURPOSE: Scholarships | $23,500 |
NYC HOUSING AUTHORITY PURPOSE: Boiler/crockpot/mentoring | $74,773 |
RESEARCH FOUNDATION OF CUNY | | | $33,028 |
CUNY SCHOLARSHIPS PURPOSE: Scholarships | $23,500 |