Houses New York Inc
- Assets
- $597.3k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 61-1863131
Organization Overview
Houses New York Inc is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, 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. Houses New York Inc 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 12/2022, Houses New York Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE DEVELOPMENT AND OPERATION OF AFFORDABLE HOUSING FOR LOW-INCOME RESIDENTS IN NYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSE NEW YORK (HNY) PROVIDES EDUCATION, RESEARCH, AND ADVOCACY TARGETED AT IMPROVING THE LIVES OF LOW-INCOME AFFORDABLE HOUSING TENANTS. MOST RECENT EFFORTS HAVE BEEN FOCUSED ON DIGITAL EQUITY PROGRAMS THAT BRING LOW-COST FIBER, CABLE, WIFI AND CELLULAR SERVICE TO LOW-INCOME POPULATIONS IN NEW YORK STATE. IN PARTNERSHIP WITH SEVERAL GRANT FUNDERS, HNY LAUNCHED THE COMMUNITY CLASSROOMS PROGRAM PROVIDING VIRTUAL CLASSROOM SPACE TO LOW-INCOME STUDENTS WHO WERE SCHOOLING AT HOME DURING THE PANDEMIC. SIMULTANEOUSLY, IN NEW YORK CITY, THE ORGANIZATION ESTABLISHED A PREQUALIFIED LIST OF BROADBAND PROVIDERS WILLING TO RETROFIT AFFORDABLE HOUSING WITH NO-COST HIGH-SPEED BROADBAND INFRASTRUCTURE TO BUILDING OWNERS AND LOW-COST MONTHLY BROADBAND SERVICE TO TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy R Flaherty CPA Treasurer | OfficerTrustee | 1 | $0 |
Susan Mccann Vice Chair | OfficerTrustee | 1 | $0 |
Rafael Cestero Board Chair | OfficerTrustee | 1 | $0 |
Jolie Milstein President And CEO | Officer | 14 | $0 |
Elizabeth Rossi Director Of Operations | Officer | 14 | $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 | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $1,526,482 |
| 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 | $1,531,482 |
| 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 | $1,200 |
| 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 | $348,942 |
| Advertising and promotion | $2,227 |
| Office expenses | $80,759 |
| Information technology | $14,936 |
| Royalties | $0 |
| Occupancy | $19,018 |
| Travel | $3,563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $630,517 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,595 |
| All other expenses | $287 |
| Total functional expenses | $1,105,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,753 |
| 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 | $65,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $522,568 |
| Total assets | $597,321 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $597,321 |
| 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 | $597,321 |