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2216 ADAMS PLACE HDFCINC
BRONX, NY · EIN 133810900 · Form 990 · FY2024 · NTEE L21 · Housing & Shelter · Small ($100K-$1M)
revenue
$301K
expenses
$344K
net assets
$512K
employees
0
program ratio
80%
mission · from form 990

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

profile · synthesized from sources

2216 Adams Place HDFC Inc. is a housing corporation based in the Bronx, NY, dedicated to providing affordable housing opportunities for low- to moderate-income individuals and families. The organization operates as a limited-profit housing development company, focusing on community-based residential stability. Its mission centers on increasing access to safe and sustainable housing within its local neighborhood.

named programs · 1 · from sources

What they call their work

Affordable Housing Development
Acquires, rehabilitates, and manages residential properties to provide long-term affordable housing units for low- to moderate-income residents in the Bronx
activities · 1 group

What they do

  • Low- to Moderate-Income HDFC Housing 1 activity
    • Provides low-income and moderate-income housing
      Offers housing opportunities targeted to low- and moderate-income individuals and families within the community.
financials · form 990 · fy2024
revenue
Total revenue$301K
Contributions & grants$00%
Program service revenue$293K97%
Investment income$8K3%
Other revenue$0
expenses
Total expenses$344K
Program expenses80%
Admin / overhead20%
Fundraising0%
Salaries & benefits$18K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$651K
Cash$334K
Investments$0
Liabilities$139K
Net assets$512K
Liquid reserves11.6 mo
4 years on record · 2020–2024 · YoY revenue -4.0%
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 for Community Stability
    methodology: housing_first
    By providing affordable housing to low- and moderate-income individuals, we promote long-term community stability because stable housing reduces displacement and supports economic resilience.