Herkimer Affordable Housing Inc

Organization Overview

Herkimer Affordable Housing Inc is located in Herkimer, NY. The organization was established in 2018. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Herkimer Affordable Housing 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, Herkimer Affordable Housing Inc generated $5.5m in total revenue. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 73.1% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HERKIMER AFFORDABLE HOUSING, INC. WAS FORMED FOR THE CHARITABLE PURPOSE OF SUPPORTING RESIDENTS OF HERKIMER NEW YORK IN CONNECTION WITH THE GOAL OF PROVIDING LOW INCOME HOUSING TO AREA RESIDENTS AND SUPPORTING THE HERKIMER HOUSING AUTHORITY IN ITS MISSION, A MUNICIPAL HOUSING AUTHORITY FOR THE VILLAGE OF HERKIMER, NEW YORK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WORKED TO DEVELOP A PUBLIC-PRIVATE PARTNERSHIP THAT WAS AWARDED A HIGHLY COMPETITIVE ALLOCATION OF NYS HCR 9% LIHTC TO FURTHER THE HUD/RAD CONVERSION AND PRESERVATION OF THE HERKIMER HOUSING AUTHORITY'S EASTERN GARDENS RESIDENCE.


AWARDED A HIGHLY COMPETITIVE ALLOCATION OF NYS HOME PROGRAM: SRDI FUNDING TO DEVELOP A NEW, 24-UNIT, AFFORDABLE MULTIFAMILY RESIDENCE FOR THE HERKIMER HOUSING AUTHORITY.


AWARDED AN ALLOCATION OF NYS HCR COMMUNITY INVESTMENT FUNDS TO CONSTRUCT A NEW HEAD START AND EARLY HEAD START CHILD CARE FACILITY IN THE VILLAGE OF HERKIMER ON BEHALF OF THE HERKIMER HOUSING AUTHORITY


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Board, Officers & Key Employees

Name (title)Compensation
Richard Dowe
Executive Director
$0
Robert Brenchley
Chair
$0
William Wiliczka
Treasurer/vice Chair
$0
George Neverusky
Secretary
$0
David Ronan
Board Member
$0
Keith Johnson
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$350,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$357,600
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$707,600
Total Program Service Revenue$4,832,262
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 $5,539,862

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