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1329 COLLEGE AVENUE HDFCINC
BRONX, NY · EIN 133858077 · Form 990 · FY2024 · NTEE L22 · Housing & Shelter · Small ($100K-$1M)
revenue
$594K
expenses
$675K
net assets
$1.6M
employees
0
program ratio
81%
mission · from form 990

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

profile · synthesized from sources

1329 College Avenue HDFC Inc. is a housing corporation based in the Bronx, NY, providing affordable housing opportunities for low- to moderate-income individuals and families. As a housing cooperative, it owns and manages residential property to ensure long-term affordability and community stability. The organization operates under a mission to support economic diversity through accessible housing in the local community.

named programs · 1 · from sources

What they call their work

Affordable Housing Cooperative Management
Owns and manages residential units at 1329 College Avenue in the Bronx, offering below-market-rate housing to income-qualified residents through a cooperative ownership model
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$594K
Contributions & grants$00%
Program service revenue$563K95%
Investment income$32K5%
Other revenue$0
expenses
Total expenses$675K
Program expenses81%
Admin / overhead19%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$1.79M
Cash$1.31M
Investments$0
Liabilities$221K
Net assets$1.57M
Liquid reserves23.3 mo
4 years on record · 2020–2024 · YoY revenue +0.4%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • CECILIA FERRO — SECRETARY
  • CONSOLATO CICCIU — PRESIDENT
  • PAUL FARACASSI — 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: affordable_housing
    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.