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1850 SECOND AVENUE SERVICES CORPORATION

NEW YORK, NY · EIN 133557175 · Form 990 · FY2024 · NTEE L20Z · Housing & Shelter · Medium ($1M-$10M)
revenue
$3.7M
expenses
$988K
net assets
$2.4M
employees
5
volunteers
4
program ratio
92%
mission · from form 990

PROVIDE 48 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS AND FAMILIES. TWENTY-NINE (29) OF ITS TENANTS ARE A PART OF THE ENRICHED HOUSING PROGRAM. THIS PROGRAM PROVIDES APARTMENT-BASED LIFESTYLE FOR FRAIL AND HANDICAPPED SENIORS, COMPLETE WITH THE SPECIALIZED SERVICES THAT MANY REQUIRE.

profile · synthesized from sources

Provides 48 units of subsidized, low-income housing for senior citizens and families in New York City. Operates an Enriched Housing Program offering apartment-based support with specialized services for frail and handicapped seniors. Located at 1850 Second Avenue, the organization focuses on long-term residential stability for vulnerable populations.

named programs · 1 · from sources

What they call their work

Enriched Housing Program
Provides apartment-based supportive housing with specialized services for 29 frail and handicapped seniors, including case management, health coordination, and social support.
activities · 1 group

What they do

  • Low-Income Senior Housing Operations 1 activity
    • Operating subsidized housing for seniors and low-income families
      Provides 48 units of subsidized, low-income housing, with 29 units designated for frail and handicapped seniors through the Enriched Housing Program, which includes specialized support services.
financials · form 990 · fy2024
revenue
Total revenue$3.65M
Contributions & grants$3.38M93%
Program service revenue$204K6%
Investment income$64K2%
Other revenue$4K
expenses
Total expenses$988K
Program expenses92%
Admin / overhead8%
Fundraising0%
Salaries & benefits$178K
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$10.33M
Cash$212K
Investments$0
Liabilities$7.93M
Net assets$2.40M
Liquid reserves2.6 mo
6 years on record · 2019–2024 · YoY revenue +313.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
LINDA R HOFFMAN CHIEF EXECUTIVE OFFICER 1 $821K
ROLANDO A BLANCO CHIEF FINANCIAL OFFICER 1 $365K
board members · 4
  • ANN VAN NESS — BOARD MEMBER
  • ELIZABETH R TOZER — VICE PRESIDENT
  • JOAN FINKLESTEIN — EXEC. SECRETARY/TREASURER
  • WILLIAM N HUBBARD IV — 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.

  • Supportive Housing Model for Seniors
    methodology: enriched_housing
    By providing apartment-based living with on-site specialized services, the organization enables frail and handicapped seniors to live independently, because integrated support reduces barriers to self-sufficiency and enhances quality of life.