Clt Interboro Clt Housing Development Fund Corporation
- Assets
- $1.6m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 82-4363742
Organization Overview
Clt Interboro Clt Housing Development Fund Corporation is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Clt Interboro Clt Housing Development Fund Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS FORMED EXCLUSIVELY FOR THE PURPOSE OF DEVELOPING AND SUPPORTING ONE OR MORE HOUSING PROJECTS TO SERVICE PERSONS OF LOW INCOME, THROUGH ITS OWNERSHIP AND STEWARDSHIP OF THE LAND BENEATH RENTAL SUBPROJECTS AND HOMEOWNERSHIP SUBPROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, INTERBORO ACQUIRED OUR SECOND PROPERTY AS PART OF ITS PRESERVATION PROGRAM, HELPING LOW-INCOME FAMILIES AVOID FORECLOSURE AND PRESERVE THEIR OCCUPANCY, HOMEOWNERSHIP, AND PRIMARY WEALTH-BUILDING ASSET. INTERBORO CLT AND OUR FOUNDING PARTNERS ADDED MANY NEW PROJECTS TO OUR PIPELINE, AND ADVANCED THE STATUS OF MANY OTHERS ALREADY ON THE PIPELINE. WE CREATED NEW MATERIALS AND RAISED AWARENESS ABOUT THE BENEFITS OF CLTS AMONGST ELECTED OFFICIALS AND COMMUNITY LEADERS ACROSS NEW YORK CITY. OUR STAFF AND LEADERSHIP WORKED IN DEEP COLLABORATION WITH THE CITY'S DEPARTMENT OF HOUSING PRESERVATION & DEVELOPMENT (HPD) TO MAKE IT EASIER FOR CLTS TO DO WORK AND MAKE PROGRESS IN NEW YORK CITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christie Peale Board Chair | OfficerTrustee | 3 | $0 |
Andrew Reicher Vice Chair | OfficerTrustee | 1 | $0 |
Karen Haycox Treasurer | OfficerTrustee | 1 | $0 |
Ismene Speliotis Secretary | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| 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 | $69,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,691 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,475 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,848 |
| Information technology | $216 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,953 |
| All other expenses | $0 |
| Total functional expenses | $165,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $504,742 |
| Accounts receivable, net | $400,000 |
| 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 | $1,954 |
| Net Land, buildings, and equipment | $226,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $500,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,632,696 |
| Accounts payable and accrued expenses | $38,540 |
| 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 | $38,540 |
| Net assets without donor restrictions | $226,000 |
| Net assets with donor restrictions | $1,368,156 |
| 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 | $1,632,696 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Clt Interboro Clt Housing Development Fund Corporation has recieved totaling $1,400,000.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $700,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $700,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhp Foundation New York, NY | $288,555,579 | $98,614,983 |
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |