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RIDGEWOOD BUSHWICK HOMESTEADING ASSISTANCE HDFC
NEW YORK, NY · EIN 204093236 · Form 990 · FY2024 · NTEE L21 · Housing & Shelter · Small ($100K-$1M)
revenue
$693K
expenses
$1.1M
net assets
$17.5M
employees
0
volunteers
3
program ratio
90%
mission · from form 990

TO FACILITATE FINANCING, PHYSICAL REHABILITATION, AND CO-OP CONVERSION OF CERTAIN MULTI-FAMILY DWELLINGS.

profile · synthesized from sources

RIDGEWOOD BUSHWICK HOMESTEADING ASSISTANCE HDFC is a housing development organization based in New York. It focuses on facilitating financing, physical rehabilitation, and conversion of multi-family buildings into affordable housing cooperatives. The organization operates primarily in low-income urban communities to promote long-term housing stability and resident ownership.

named programs · 3 · from sources

What they call their work

Building Rehabilitation Initiative
Oversees the physical rehabilitation of distressed housing units to improve safety, energy efficiency, and affordability.
Co-op Conversion Program
Provides technical and financial assistance to convert multi-family buildings into resident-owned cooperatives.
Financing Facilitation
Arranges access to loans and public funding for property improvements and cooperative development.
activities · 1 group

What they do

  • Low- to Moderate-Income HDFC Housing 1 activity
    • Facilitates conversion of multi-family dwellings into housing cooperatives
      Provides financing and physical rehabilitation services to support the conversion of multi-family buildings into housing cooperatives, enabling community-controlled affordable housing.
financials · form 990 · fy2024
revenue
Total revenue$693K
Contributions & grants$00%
Program service revenue$574K83%
Investment income$2K0%
Other revenue$117K
expenses
Total expenses$1.11M
Program expenses90%
Admin / overhead10%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$18.06M
Cash$253K
Investments$0
Liabilities$599K
Net assets$17.46M
Liquid reserves2.7 mo
6 years on record · 2019–2024 · YoY revenue +2.4%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
MARGY BROWN CO-CHAIR 1 $248K
MARINA METALIOS DIRECTOR 1 $95K
board members · 3
  • KIERAN HARRINGTON — CO-CHAIR
  • RICHARD HEITLER — SECRETARY/TREASURER
  • SCOTT SHORT — CO-CHAIR THRU 08/08/24
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.

  • Cooperative Conversion for Affordable Housing
    methodology: cooperative_conversion
    By converting multi-family buildings into resident-owned cooperatives with financing and rehabilitation support, we produce long-term affordable housing because resident ownership aligns incentives for sustainability and prevents displacement.