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ST VINCENT'S APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC
ALBANY, NY · EIN 141601651 · Form 990 · FY2024 · Small ($100K-$1M)
revenue
$782K
expenses
$787K
net assets
$1.6M
employees
0
program ratio
66%
mission · from form 990

LOW-INCOME HOUSING FOR THE ELDERLY

profile · synthesized from sources

St. Vincent's Apartments Housing Development Fund Company Inc. provides affordable housing for elderly individuals with low income. Based in Albany, New York, the organization focuses on developing and managing residential properties tailored to the needs of older adults. Its mission centers on addressing housing insecurity among seniors through dedicated housing solutions.

named programs · 1 · from sources

What they call their work

St. Vincent's Apartments
Provides permanent supportive housing for low-income elderly residents in Albany, NY, with property management and tenant support services
activities · 1 group

What they do

  • Low-Income Senior Housing Operations 1 activity
    • Providing low-income housing for elderly individuals
      Operates housing units designated for low-income elderly residents, offering affordable and stable living accommodations.
financials · form 990 · fy2024
revenue
Total revenue$782K
Contributions & grants$582K74%
Program service revenue$189K24%
Investment income$6K1%
Other revenue$4K
expenses
Total expenses$787K
Program expenses66%
Admin / overhead34%
Fundraising0%
Salaries & benefits$236K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$4.19M
Cash$3.01M
Investments$0
Liabilities$2.58M
Net assets$1.61M
Liquid reserves45.9 mo
6 years on record · 2019–2024 · YoY revenue +4.1%
leadership · form 990 part vii · fy2024

Who runs it

board members · 2
  • MARY OLSEN — MEMBER
  • PAUL LEO — MEMBER
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Housing-First Model for Elderly Populations
    methodology: housing_first
    By providing permanent supportive housing without preconditions, we improve stability and well-being among elderly individuals with low income, because securing housing as the foundational step enables better health and social outcomes.