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1330 MORRIS AVENUE HDFC CORP
BRONX, NY · EIN 133998582 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Small ($100K-$1M)
revenue
$653K
expenses
$679K
net assets
$1.2M
employees
0
program ratio
74%
mission · from form 990

TO PROVIDE LOW INCOME TO MODERATE INCOME HOUSING OPPORTUNITIES FOR THE COMMUNITY

profile · synthesized from sources

1330 Morris Avenue HDFC Corp is a housing corporation based in the Bronx, New York, providing affordable housing opportunities for low- to moderate-income individuals and families. The organization operates as a limited-profit housing cooperative, maintaining residential properties to serve community needs. Its mission focuses on long-term housing stability and accessibility for underserved urban populations.

named programs · 1 · from sources

What they call their work

Affordable Housing Management
Manages and maintains residential units at 1330 Morris Avenue in the Bronx, providing long-term stable housing for low- to moderate-income residents under HDFC cooperative model
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$653K
Contributions & grants$00%
Program service revenue$652K100%
Investment income$1K0%
Other revenue$0
expenses
Total expenses$679K
Program expenses74%
Admin / overhead26%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$1.50M
Cash$693K
Investments$0
Liabilities$258K
Net assets$1.24M
Liquid reserves12.3 mo
4 years on record · 2020–2024 · YoY revenue +1.5%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • CECILIA FERRO — SECRETARY
  • CONSOLATO CICCIU — PRESIDENT
  • PAUL FRACASSI — VICE PRESIDENT
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 Provision
    methodology: affordable-housing-provision
    By providing affordable housing to low- and moderate-income individuals, the organization supports long-term community stability because stable housing reduces displacement and fosters neighborhood cohesion.