Urban Horizons Housing Development Fund Corporation
- Assets
- $10.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Bronx, NY
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 81-4026863
Organization Overview
Urban Horizons Housing Development Fund Corporation is located in Bronx, NY. The organization was established in 2018. As of 12/2021, Urban Horizons Housing Development Fund Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Horizons Housing Development Fund Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING TO LOW AND MODERATE INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING TO LOW AND MODERATE INCOME FAMILIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Davon Russell President | OfficerTrustee | $0 | |
Sean Simmons Secretary | OfficerTrustee | $0 | |
Jonathan Springer Vp/treasurer | OfficerTrustee | 1 | $0 |
Sharmi Sobhan Director | Trustee | $0 | |
Linda Field Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,608 |
| 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 | $50,608 |
| Total Program Service Revenue | $1,398,512 |
| Investment income | $6,015 |
| 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 | $1,478,753 |
| 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 | $250,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $120,551 |
| Payroll taxes | $16,242 |
| Fees for services: Management | $84,913 |
| Fees for services: Legal | $42,508 |
| Fees for services: Accounting | $14,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,122 |
| Advertising and promotion | $0 |
| Office expenses | $18,982 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $308,152 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $100,314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $448,685 |
| Insurance | $123,409 |
| All other expenses | $109,504 |
| Total functional expenses | $2,127,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,895 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $191,001 |
| 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 | $131,351 |
| Net Land, buildings, and equipment | $5,899,262 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $105,577 |
| Other assets | $4,159,534 |
| Total assets | $10,493,620 |
| Accounts payable and accrued expenses | $508,486 |
| Grants payable | $0 |
| Deferred revenue | $34,772 |
| 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 | $20,613,149 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,851,462 |
| Total liabilities | $24,007,869 |
| Net assets without donor restrictions | -$13,514,249 |
| 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 | $10,493,620 |
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