Actors Fund Housing Development Corporation
- Assets
- $17.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 80-0522071
Organization Overview
Actors Fund Housing Development Corporation is located in New York, NY. The organization was established in 2011. 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. Actors Fund Housing Development 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 12/2021, Actors Fund Housing Development Corporation generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS & ENTERTAINMENT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DOROTHY ROSS FRIEDMAN RESIDENCE, LOCATED AT 475 WEST 57TH STREET IN NEW YORK CITY, HAS 178 SHARED RESIDENTIAL UNITS PROVIDING SUPPORTIVE HOUSING TO SPECIAL LOW-INCOME GROUPS INCLUDING SENIORS, WORKING PROFESSIONALS AND PEOPLE LIVING WITH HIV/AIDS. ON-SITE SOCIAL SERVICES ARE PROVIDED, INCLUDING INFORMATION AND REFERRAL TO COMMUNITY RESOURCES, ENTITLEMENT PROGRAM ADVOCACY, COORDINATION OF HOME CARE AND MEDICAL SERVICES, OUTREACH, HEALTH EDUCATION, SUPPORT GROUPS. FOR MORE INFORMATION, PLEASE VISIT - HTTPS://ACTORSFUND.ORG/SERVICES-AND-PROGRAMS/DOROTHY-ROSS-FRIEDMAN-RESIDENCE.
A SUBSIDIARY OF THE ACTORS FUND, AFHDC WAS CREATED TO DEVELOP NEW AFFORDABLE HOUSING FOR THE PERFORMING ARTS AND ENTERTAINMENT COMMUNITY. OUR HOUSING PORTFOLIO CONSISTS OF 558 UNITS SPANNING FOUR MAJOR DEVELOPMENTS, ALL OF WHICH ARE CONNECTED TO SUPPORTIVE SERVICES.
THE PALM VIEW, LOCATED AT 980 NORTH PALM, IS A 40-UNIT APARTMENT COMPLEX THAT PROVIDES HOMES TO LOW-INCOME PEOPLE WITH DISABILITIES OR WHO ARE LIVING WITH HIV/AIDS IN WEST HOLLYWOOD, CALIFORNIA. FOR MORE INFORMATION, PLEASE VISIT - HTTPS://ACTORSFUND.ORG/SERVICES-AND-PROGRAMS/PALM-VIEW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Benincasa President | OfficerTrustee | 10 | $0 |
Barbara Davis Secretary | OfficerTrustee | 10 | $0 |
Connie Yoo Treasurer (thru 08/2021) | OfficerTrustee | 10 | $0 |
Keith Mcnutt Vice President | OfficerTrustee | 10 | $0 |
Karen Wang Treasurer (as Of 08/2021) | OfficerTrustee | 10 | $0 |
Daniel Arnow - Vice President & Executive Director (as Of 08/2021) | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security | 12/30/21 | $373,807 |
Breaking Ground Management Management | 12/30/21 | $872,532 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $932,852 |
| Government grants | $145,975 |
| All other contributions, gifts, grants, and similar amounts not included above | $228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,079,055 |
| Total Program Service Revenue | $1,617,095 |
| Investment income | $40 |
| 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 | $2,696,190 |
| 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 | $130,532 |
| Pension plan accruals and contributions | $8,291 |
| Other employee benefits | $431 |
| Payroll taxes | $4,252 |
| Fees for services: Management | $875,220 |
| Fees for services: Legal | $41,854 |
| Fees for services: Accounting | $21,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,777 |
| Advertising and promotion | $0 |
| Office expenses | $218,770 |
| Information technology | $24,378 |
| Royalties | $0 |
| Occupancy | $689,416 |
| Travel | $5,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,075 |
| Interest | $42,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $772,440 |
| Insurance | $175,140 |
| All other expenses | $0 |
| Total functional expenses | $3,407,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,365,484 |
| Savings and temporary cash investments | $103,838 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,011 |
| 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 | $60,761 |
| Net Land, buildings, and equipment | $15,695,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,340,144 |
| Accounts payable and accrued expenses | $163,481 |
| Grants payable | $0 |
| Deferred revenue | $39,078 |
| 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 | $19,667,962 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,218,939 |
| Total liabilities | $21,089,460 |
| Net assets without donor restrictions | -$3,749,316 |
| 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 | $17,340,144 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Actors Fund Housing Development Corporation has recieved totaling $20.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |
Boston Tremont Housing Development Fund Corporation New York, NY | $28,761,784 | $24,917,100 |
Highbridge Community Housing Development Fund Corporation Bronx, NY | $37,198,979 | $10,077,862 |
Harlem West Ii Housing Dev Fund Co Inc New York, NY | $7,149,098 | $1,214,746 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Augustus & James Corporation New York, NY | $14,865,131 | $12,141,215 |