Houses New York Inc
- Assets
- $211.1k
- Revenue
- $727.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2018
- Data as of
- 12/2021
- 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 12/2021, Houses New York Inc generated $727.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $761.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 3 years. 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
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. (CONTINUED ON SCHEDULE O)AND WITH GENEROUS FUNDING FROM SCHMIDT FUTURES AND THE FORD FOUNDATION, HNY PUBLISHED AHBI, THE AFFORDABLE HOUSING BROADBAND INITIATIVE REPORT - A REPORT OUTLINING THE PATHWAY TO LEVERAGING FUNDS AND PROGRAMMING TO COMPLETE THE RETROFITTING OF ALL OF NEW YORK'S AFFORDABLE HOUSING STOCK WITH BROADBAND SERVICE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy R Flaherty CPA Treasurer | OfficerTrustee | 1 | $0 |
Rafael Cestero Board Chair | OfficerTrustee | 1 | $0 |
Susan Mccann Vice 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 | $64,582 |
| All other contributions, gifts, grants, and similar amounts not included above | $451,051 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,633 |
| Total Program Service Revenue | $197,247 |
| 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 | $727,783 |
| 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 | $276 |
| 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 | $646,772 |
| Advertising and promotion | $651 |
| Office expenses | $14,148 |
| Information technology | $6,530 |
| Royalties | $0 |
| Occupancy | $16,936 |
| Travel | $538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,298 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,259 |
| All other expenses | $0 |
| Total functional expenses | $761,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,784 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,895 |
| 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 | $50,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,438 |
| Total assets | $211,117 |
| Accounts payable and accrued expenses | $40,234 |
| 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 | $40,234 |
| Net assets without donor restrictions | $170,883 |
| 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 | $211,117 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Houses New York Inc has recieved totaling $400,000.
| Awarding Organization | Amount |
|---|---|
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA PURPOSE: ENSURING BROADBAND FOR AFFORDABLE HOUSING RESIDENTS | $200,000 |
Ford Foundation New York, NY PURPOSE: TO DEVELOP THE STATEWIDE AFFORDABLE HOUSING BROADBAND RETROFIT PROGRAM, A NEW YORK STATE PROGRAM TO PROVIDE BROADBAND SERVICE AS A BASIC UTILITY TO RESIDENTS OF PUBLICLY SUBSIDIZED AFFORDABLE HOUSING | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Massachusetts Housing Alliance Inc Worcester, MA | $6,603,285 | $21,612,482 |
Bishop Sheen Ecumenical Housing Foundation Inc Rochester, NY | $14,472,701 | $5,581,680 |
Long Island Housing Partnership Inc Hauppauge, NY | $11,769,661 | $6,179,842 |
New England Automated Clearing House Association Burlington, MA | $4,284,125 | $3,571,181 |
Watch Inc Waltham, MA | $959,789 | $1,104,680 |
Cny Fair Housing Inc Syracuse, NY | $339,528 | $1,036,616 |
Houses New York Inc New York, NY | $211,117 | $727,783 |
Fair Housing Development Fund Corp Glen Cove, NY | $1,303,259 | $721,335 |
Home Builders League Of South Jersey Cherry Hill, NJ | $1,104,259 | $579,396 |
Cnyc Inc New York, NY | $213,962 | $488,836 |
Refugee Welcome Corporation Albany, NY | $284,794 | $321,466 |
Crawford County Coalition On Housing Needs Inc Meadville, PA | $654,926 | $244,715 |