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SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION
NEW YORK, NY · EIN 113200785 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Medium ($1M-$10M)
revenue
$1.6M
expenses
$2.3M
net assets
$-4.1M
employees
0
volunteers
6
program ratio
88%
mission · from form 990

TO PROVIDE HOUSING TO THE ELDERLY

profile · synthesized from sources

SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION is a New York-based nonprofit organization dedicated to providing housing for the elderly. As a housing development fund corporation, it focuses on developing and managing residential properties that serve older adults. The organization operates exclusively within New York State, with its activities centered on affordable senior housing.

named programs · 1 · from sources

What they call their work

Elderly Housing Development and Management
Develops, owns, and manages affordable housing units exclusively for elderly residents in New York City
activities · 1 group

What they do

  • Elder Care Financial Support 1 activity
    • Provides housing to elderly individuals
      Offers residential housing specifically for elderly individuals, as reported in IRS Form 990 filings.
financials · form 990 · fy2024
revenue
Total revenue$1.62M
Contributions & grants$00%
Program service revenue$1.59M98%
Investment income$29K2%
Other revenue$4K
expenses
Total expenses$2.29M
Program expenses88%
Admin / overhead12%
Fundraising0%
Salaries & benefits$389K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$7.97M
Cash$938K
Investments$0
Liabilities$12.07M
Net assets$-4.10M
Liquid reserves4.9 mo
4 years on record · 2020–2024 · YoY revenue -0.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
David Wagner CEO, PRESIDENT 1 $1.66M
David Koschitzki Chief Financial Officer 1 $863K
Christina Van Vort Assistant Secretary 1 $829K
board members · 6
  • Alexander Balko — SECRETARY, TREASURER
  • Burton Esrig — Director
  • Danielle Rollmann — Director
  • Eli S Feldman — Director
  • Steven Topal — Vice Chair
  • William Gormley Sr — Chair
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.

  • Targeted Elderly Housing
    methodology: targeted_housing
    By focusing housing development and allocation specifically on elderly populations, we address unmet needs in this vulnerable group because targeted interventions increase access and appropriateness of housing for high-risk demographics.