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LIBERTY AFFORDABLE HOUSING INC
ROME, NY · EIN 300056836 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Medium ($1M-$10M) · libertyaffordable.org
revenue
$2.3M
expenses
$2.0M
net assets
$42.0M
employees
0
program ratio
72%
mission · from form 990

TO PROVIDE AFFORDABLE, SECURE HOUSING TO LOWER INCOME AND ELDERLY TENANTS.

profile · synthesized from sources

Liberty Affordable Housing Inc. develops, rehabilitates, and preserves affordable housing units for low-income and elderly tenants across New York State and beyond. As a nonprofit Community Housing Development Organization, it utilizes government funding, tax credits, and strategic partnerships to create stable, quality housing. The organization also supports resident services and community enrichment programs through its Endowment Fund.

named programs · 5 · from sources

What they call their work

Historic Preservation
Preservation and adaptive reuse of historic buildings for affordable housing purposes.
Knitting Mill Apartments and Senior Center
Adaptive reuse of a historic knitting mill in Fall River, MA into 100 units of senior housing, including a new senior center and medical education center.
Liberty Housing Grant Program
Provides financial assistance to qualified residents facing housing-related challenges, funded through the Endowment Fund.
New Development
Construction of new affordable housing units through strategic use of public and private financing mechanisms.
Rehabilitations
Renovation and modernization of existing housing stock to expand affordable housing inventory.
activities · 8 groups

What they do

  • Affordable Housing Development and Management 3 activities
    • Develops and preserves affordable housing units through new construction, rehabilitation, and historic preservation
      Develops, acquires, and rehabilitates affordable housing properties, including historic buildings, across New York and Massachusetts, with over 4,000 units developed and more than $300 million mobilized in housing investment. Projects include the rehabilitation of multi-family complexes, repurposing of historic mills, and preservation of architectural elements.
    • Leases community spaces to local organizations for public benefit
      Creates and leases space within housing developments to public-serving organizations, such as a senior center leased to the Fall River Council on Aging and a medical education center leased to Health First Family Care Centers.
    • Provides affordable rental housing for lower-income and elderly populations
      Operates affordable housing units across New York and Massachusetts, with rents targeted at 60% and 80% of Area Median Income, including senior-specific housing and units reserved for voucher programs such as Section 8 and the MA Rental Voucher Program.
  • Neighborhood Revitalization Initiatives 1 activity
    • Constructs community and leasing facilities as part of housing redevelopment
      Builds new community buildings and leasing offices to support redeveloped housing complexes, such as at Parkedge Townhomes in Utica, NY.
  • Community Resource Navigation and Support Services 1 activity
    • Enhances resident well-being through supportive services and community partnerships
      Invests in resident services including health and wellness programs, educational opportunities, and partnerships with local organizations to support community well-being.
  • Facility Accessibility Improvements 1 activity
    • Ensures accessibility in affordable housing developments
      Includes barrier-free and sensory-impaired accessible units in new and redeveloped properties, such as 6 accessible units in the Fall River, MA senior housing project.
  • Interest-Free Loan and Grant Support 1 activity
    • Funds financial assistance grants for qualified residents
      Operates the Liberty Housing Grant Program to provide financial support to residents facing economic challenges.
  • Mental Health Education and Awareness 1 activity
    • Hosts annual fundraiser focused on housing and community well-being
      Organizes an annual fundraising event featuring a keynote and panel discussions on mental health, housing, and community well-being.
  • Historic Building Restoration and Preservation 1 activity
    • Recognized for excellence in historic preservation
      Received the 2025 Excellence in Historic Preservation Award from the Preservation League of New York State for exemplary restoration work on affordable housing projects.
  • Uncategorized 1 activity
    • Provides on-site building amenities to support resident quality of life
      Equips housing developments with community rooms, elevators, video entry systems, exercise rooms, laundry facilities, off-street parking, and on-site management.
financials · form 990 · fy2024
revenue
Total revenue$2.34M
Contributions & grants$20K1%
Program service revenue$1.97M84%
Investment income$267K11%
Other revenue$82K
expenses
Total expenses$2.04M
Program expenses72%
Admin / overhead28%
Fundraising0%
Salaries & benefits$1.06M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$43.65M
Cash$1.89M
Investments$0
Liabilities$1.68M
Net assets$41.98M
Liquid reserves11.2 mo
4 years on record · 2020–2024 · YoY revenue -53.5%
leadership · form 990 part vii · fy2024

Who runs it

board members · 14
  • CHARMAINE ROSADO — DIRECTOR
  • CHRISTINA SANFILIPPO — DIRECTOR
  • DAVID CARELLO — PRESIDENT
  • DAVID COLLIS — SECRETARY
  • DONALD DAVIDSON — VICE PRESIDENT
  • FREDERICK T GRIFFIN — DIRECTOR
  • JOHN B LIGAS — DIRECTOR EMERITUS
  • JOHN BUFFA — TREASURER
  • JOHN N VAGIANELIS ESQ — COUNSEL
  • MATTHEW NIMEY — DIRECTOR
  • PATRICIA CAPRIO — VICE PRESIDENT
  • ROBERT RYAN — DIRECTOR
  • TIMOTHY BIRNIE — DIRECTOR
  • WALTER MADEJ — CHAPLAIN
relationships · 15

Who they work with

  • CRM Rental Management, Inc. Partner — Manages the Brookside Apartments and Hillside Place Apartments acquired by Liberty Affordable Housing.
  • City of Fall River Government — Provided a $1.2 million contribution in HOME funds.
  • Community Housing Development Organization Network — Accredited CHDO member organization focused on creating lasting affordable housing opportunities
  • Fall River Council on Aging Partner — Leased space for a new senior center within the Knitting Mill Apartments.
  • Ferradino Firm PLLC Partner — Legal services provider or professional collaborator involved in Liberty Affordable Housing projects.
  • Health First Family Care Centers Partner — Leased space for a medical education center within the Knitting Mill Apartments.
  • Housing Finance Agency Government — Provided subsidies through the HFA New Construction Program and Middle-Income Housing Program for the Olbiston Apartments redevelopment.
  • Lead Safe LLC Partner — Contractor or consultant providing lead safety services for Liberty Affordable Housing developments.
  • Liberty Affordable Housing Endowment Fund Network — Beneficiary fund supporting long-term community well-being through housing and mental health initiatives.
  • MA Division of Housing and Community Development Government — Provided funding through 9% Low-Income Housing Tax Credits, MA HOME Funds, HSF, NFIT, and AHTF funds.
  • NYS Mitchell-Lama Program Government — Historic affordable housing program under which the original Parkedge Apartments were developed and which informs the preservation approach at Parkedge Townhomes.
  • New York State Attorney General’s Charities Bureau Government — Regulatory oversight and registration of Liberty Affordable Housing Inc. as a 501(c)(3) nonprofit in New York State.
  • New York State Homes and Community Renewal Government — Approved Liberty's acquisition of 48 affordable housing units in Central New York.
  • Preservation League of New York State Government — Awarded the Excellence in Historic Preservation Award to Liberty Affordable Housing for the Olbiston Apartments project.
  • The Olbiston Apartments Partner — Collaborative housing development project in underserved area
strategies · 5

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.

  • Housing-Plus-Services Model for Holistic Stability
    methodology: housing-plus-services
    By combining affordable housing with supportive services, the organization creates environments where individuals and families can thrive, because housing stability and access to wellness resources are mutually reinforcing.
  • Neighborhood-Based Development for Equitable Impact
    methodology: neighborhood-based_development
    By targeting housing development in underserved neighborhoods, the organization maximizes community impact, because neighborhood conditions significantly influence resident health, safety, and economic outcomes.
  • Permanent Affordable Housing as Stability Infrastructure
    methodology: permanent_affordable_housing
    By providing permanent affordable housing, the organization produces long-term stability for lower-income and elderly populations, because secure housing is foundational to individual and community well-being.
  • Preservation-Led Affordable Housing Strategy
    methodology: historic_preservation_rehabilitation
    By acquiring, rehabilitating, and redeveloping existing and historic properties—especially those at risk of losing affordability—the organization ensures long-term access to quality homes, because preserving existing affordable units is more efficient and sustainable than new construction alone.
  • Strategic Partnerships to Overcome Development Barriers
    methodology: strategic-partnerships
    By partnering with government agencies, financial institutions, equity syndicators, and accredited contractors, the organization secures financing and reduces development risks, because complex affordable housing projects require coordinated expertise and capital.