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SEMIPERM HOUSING DEVELOPMENT FUND CORPORATION
NEW YORK, NY · EIN 134333566 · Form 990 · FY2024 · NTEE L21 · Housing & Shelter · Small ($100K-$1M)
revenue
$440K
expenses
$669K
net assets
$5.3M
employees
0
program ratio
95%
mission · from form 990

TO PROVIDE LOW-INCOME AFFORDABLE HOUSING TO FORMERLY HOMELESS SINGLE PARENT FAMILIES WITH SUPPORTIVE SERVICES THAT PREPARE THEM FOR INDEPENDENT LIVING. THE ORGANIZATION RECEIVES LABOR SERVICES FROM SETTLEMENT HOUSING FUND, INC.,(SHF) ITS AFFILIATED PARENT ORGANIZATION. THE ORGANIZATION REIMBURSES SHF FOR THE WAGE COSTS PAID BY SHF INC. FOR THESE SERVICES.

profile · synthesized from sources

Provides low-income affordable housing and supportive services to formerly homeless single-parent families in New York City, helping them transition to independent living. Operates as a subsidiary of Settlement Housing Fund, Inc. (SHF), which provides staffing and administrative support under a cost-reimbursement arrangement. Focuses on permanent supportive housing development and resident services.

named programs · 1 · from sources

What they call their work

Permanent Supportive Housing Program
Provides affordable housing units and supportive services to formerly homeless single-parent families to promote stability and independence
activities · 1 group

What they do

  • Supportive and Emergency Housing Services 1 activity
    • Operating low-income affordable housing with supportive services for formerly homeless single-parent families
      Provides low-income affordable housing and supportive services to formerly homeless single-parent families to prepare them for independent living.
financials · form 990 · fy2024
revenue
Total revenue$440K
Contributions & grants$00%
Program service revenue$432K98%
Investment income$2K1%
Other revenue$6K
expenses
Total expenses$669K
Program expenses95%
Admin / overhead5%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$5.38M
Cash$52K
Investments$0
Liabilities$119K
Net assets$5.27M
Liquid reserves0.9 mo
4 years on record · 2020–2024 · YoY revenue +10.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 5
NameTitleHours/wkCompensation
RICHARD JOHNS PRESIDENT 0 $240K
JACQUELINE TOM TREASURER 0 $219K
MICHAEL GABOURY VICE PRESIDENT 0 $217K
JOANNA KAMHI SECRETARY 0 $155K
ALEXA SEWELL PRESIDENT (THROUGH 2/23/24) 0 $84K
relationships · 1

Who they work with

  • SETTLEMENT HOUSING FUND, INC. Government — Receives labor services from Settlement Housing Fund, Inc., its affiliated parent organization, and reimburses it for wage costs.
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.

  • Supportive Housing Model
    methodology: supportive_housing
    By providing housing combined with supportive services, we enable formerly homeless single parent families to transition to independent living, because addressing both housing instability and access to services removes systemic barriers to self-sufficiency.