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NYC PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY INC

NEW YORK, NY · EIN 133202018 · Form 990 · FY2024 · NTEE L21 · Housing & Shelter · Micro (<$100K)
revenue
$67K
expenses
$493K
net assets
$6.1M
employees
0
program ratio
94%
mission · from form 990

THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF FOSTERING HOME OWNERSHIP AND DEVELOPING AFFORDABLE HOUSING SITES.

profile · synthesized from sources

The organization is dedicated to fostering homeownership and developing affordable housing sites. Based in New York, it operates exclusively to support housing initiatives that increase access to affordable homes. Its primary focus is on real estate development and community stabilization through targeted housing programs.

named programs · 1 · from sources

What they call their work

Development of Affordable Housing Sites
Acquires, develops, and manages affordable housing properties to increase homeownership opportunities for low-income residents in New York City.
activities · 1 group

What they do

  • Community Foundation & United Way Support 1 activity
    • Funding general operations of Housing Partnership Development Corporation
      Funds the general operations of its partner organization, Housing Partnership Development Corporation.
financials · form 990 · fy2024
revenue
Total revenue$67K
Contributions & grants$55K82%
Program service revenue$12K18%
Investment income$00%
Other revenue$0
expenses
Total expenses$493K
Program expenses94%
Admin / overhead6%
Fundraising0%
Salaries & benefits$0
Grants paid out$305K
Largest expense lineProfessional Fees
balance sheet
Total assets$6.48M
Cash$5.95M
Investments$532K
Liabilities$336K
Net assets$6.14M
Liquid reserves157.7 mo
3 years on record · 2020–2024 · YoY revenue -51.6%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 6
NameTitleHours/wkCompensation
JAMIE SMARR PRESIDENT & CEO 1 $444K
THERESA OMANSKY SECRETARY 1 $306K
ADAM GOLD TREASURER 1 $264K
DEBBRA MCALLISTER VICE PRESIDENT 1 $161K
NADJA ALVARADO VICE PRESIDENT 1 $158K
SHELIA MARTIN VICE PRESIDENT & COO THRU JAN. 2024 1 $70K
board members · 1
  • JIM HEDDEN — CHAIR
relationships · 1

Who they work with

  • Housing Partnership Development Corporation Partner — Recipient of general operating support grant.
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.

  • Affordable Housing Development
    methodology: affordable-housing-development
    By developing affordable housing sites and fostering homeownership, the organization increases access to stable housing, because creating dedicated affordable units directly addresses supply shortages and economic barriers to housing security.