Nazareth House Housing Development Fund Corporation
- Assets
- $1.9m
- Revenue
- $183.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2001
- Data as of
- 06/2021
- EIN
- 52-2264227
Organization Overview
Nazareth House Housing Development Fund Corporation is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Nazareth House Housing Development Fund Corporation 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, Nazareth House Housing Development Fund Corporation generated $183.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $288.9k during the year ending 06/2021. 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
PROVIDE TRANSITIONAL & PERMANENT HOUSING TO LOW INCOME FAMILIES IN THE LOWER EAST SIDE OF NYC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NH HDFC (ALSO REFERRED TO AS MARION AGNES HOUSE, AFTER ITS FOUNDER) PROVIDES FIFTEEN PERMANENTLY AFFORDABLE APARTMENTS TO FORMERLY HOMELESS FAMILIES AND INDIVIDUALS. IN FY21, 25 CHILDREN RESIDED IN THE BUILDING. ITS ADJOINING PROGRAM SPACE HOSTS A NUMBER OF EVENTS AND SERVICES OPEN TO BOTH RESIDENTS AND THE WIDER COMMUNITY, INCLUDING NUTRITIONAL ASSISTANCE, FINANCIAL CAPABILITY PROGRAMMING, FREE TAX PREPARATION, AND A VARIETY OF WORKSHOPS. LOUISE'S PANTRY, OUR CLIENT-CHOICE FOOD SECURITY PROGRAM BASED OUT OF NH HDFC, OPENS ITS DOORS TO 150-200 HOUSEHOLDS EACH WEEK, PRIMARILY IMMIGRANTS AND SENIORS. THE MONEYLAB FINANCIAL CAPABILITY PROGRAM OFFERS PERSONALIZED FINANCIAL COACHING FOR LOW-INCOME HOUSEHOLDS, AS WELL AS A YEARLY VITA-CERTIFIED TAX CLINIC. WORKSHOPS OFFERED OUT OF THE SPACE RANGE FROM PERSONAL WELLNESS, TO HEALTHY FAMILY DYNAMICS, TO HOUSING COUNSELING AND MORE. RESIDENTS OF NH HDFC ARE ENCOURAGED TO PARTICIPATE IN THESE ON-SITE SERVICES AS NEEDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Wronski President | OfficerTrustee | 1 | $0 |
Mary Kay Orr Executive Director/treasurer | OfficerTrustee | 1 | $0 |
Bennette Kramer Secretary | OfficerTrustee | 1 | $0 |
Mary Kilbourn Vice President | OfficerTrustee | 1 | $0 |
Sibyl-Michelle Akins Controller | Officer | 1 | $0 |
Mary Beth Hogan Ex-Officio | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,000 |
| 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 | $5,000 |
| Total Program Service Revenue | $178,456 |
| Investment income | $6 |
| 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 | $183,462 |
| 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 | $18,952 |
| Fees for services: Legal | $760 |
| Fees for services: Accounting | $7,400 |
| 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 | $1,010 |
| Information technology | $1,064 |
| Royalties | $0 |
| Occupancy | $69,658 |
| 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 | $138,268 |
| Insurance | $33,535 |
| All other expenses | $0 |
| Total functional expenses | $288,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,569 |
| Savings and temporary cash investments | $114,031 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,077 |
| 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 | $266 |
| Net Land, buildings, and equipment | $1,675,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,510 |
| Total assets | $1,917,886 |
| Accounts payable and accrued expenses | $35,944 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,430 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,322,232 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $68,754 |
| Total liabilities | $1,440,360 |
| Net assets without donor restrictions | $477,526 |
| 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 | $1,917,886 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nazareth House Housing Development Fund Corporation has recieved totaling $27,500.
| Awarding Organization | Amount |
|---|---|
Nazareth Housing Inc New York, NY PURPOSE: for boiler replacement | $27,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Builders Inc Boston, MA | $148,217,575 | $87,790,279 |
Doe Fund Inc New York, NY | $135,128,444 | $76,076,390 |
First Chinese Presbyterian Community Affairs Home Attendant C New York, NY | $26,741,134 | $40,973,137 |
Corporation For Supportive Housing New York, NY | $191,922,281 | $44,983,722 |
Community Options New York Inc Princeton, NJ | $30,057,554 | $34,330,215 |
Lantern Community Services Inc New York, NY | $8,603,902 | $30,172,757 |
Pathstone Corporation Rochester, NY | $88,645,469 | $21,347,590 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Cambridge Affordable Housing Corporation Cambridge, MA | $128,682,054 | $13,147,216 |