Fund For Public Housing Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Joanne Wilson
Chair
$0
Diallo Powell
Vice Chair
$0
Scott Anderson
Treasurer (left During 2023)
$0
Liz Neumark
Secretary
$0
Gregory Russ
Chairman (former)
$0
Ukah Busgith
Director
$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$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

Grants Awarded

Over the last fiscal year, Fund For Public Housing Inc has awarded $342,602 in support to 10 organizations.

Grant RecipientAmount

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
View Grant Profile

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Jasa Housing Management Services For The Aged Inc
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Fund For Public Housing Inc
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St Peters Italian Church Housing Development Fund Co Inc
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New England Deaconess Association- Abundant Life Communities Inc
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$46,341
Rochester Presbyterian Home Foundation Inc
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$1,626,448
Greenwood House Foundation Inc
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Wcm Real Estate Nfp
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$549,069
Newcourtland Life At St Bartholomew Inc
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Inrc Services Corp
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Ehca Foundation
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1780 Hchq Inc
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