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CONCOURSE GARDENS HOUSING DEVELOPMENT FUND COMPANY INC

NEW YORK, NY · EIN 133696061 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$1.7M
expenses
$2.1M
net assets
$-4.8M
employees
10
volunteers
7
program ratio
86%
mission · from form 990

PROVIDES 119 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED AT ECHO PLACE OFF THE GRAND CONCOURSE IN THE BRONX, IT OFFERS SOCIAL AND RECREATIONAL SERVICES.

profile · synthesized from sources

Provides 119 units of subsidized, low-income housing for senior citizens in the Bronx, New York. Located off the Grand Concourse at Echo Place, the organization offers social and recreational services to support resident well-being. Operates as a nonprofit housing development fund company under IRS Section 501(c)(3).

named programs · 2 · from sources

What they call their work

Social and Recreational Services
Provides organized activities, events, and support services for resident seniors to promote community engagement and quality of life
Subsidized Senior Housing
Manages 119 units of affordable housing for low-income seniors, with rent based on income eligibility and federal guidelines
activities · 2 groups

What they do

financials · form 990 · fy2024
revenue
Total revenue$1.66M
Contributions & grants$1.29M78%
Program service revenue$358K22%
Investment income$1K0%
Other revenue$7K
expenses
Total expenses$2.14M
Program expenses86%
Admin / overhead14%
Fundraising0%
Salaries & benefits$444K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$6.04M
Cash$440K
Investments$0
Liabilities$10.89M
Net assets$-4.85M
Liquid reserves2.5 mo
6 years on record · 2019–2024 · YoY revenue -15.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
LINDA R HOFFMAN CHEIF EXECUTIVE OFFICER 1 $821K
ROLANDO A BLANCO CHEIF FINANCIAL OFFICER 1 $365K
board members · 7
  • ANN VAN NESS — BOARD MEMBER
  • ELIZABETH R TOZER — VICE PRESIDENT
  • HOWARD LEPOW — BOARD MEMBER
  • JOAN FINKELSTEN — EXEC. SECRETARY/TREASURER
  • PEARL CHANG — BOARD MEMBER
  • WILLIAM N HUBBARD III — ASST. SECRETARY
  • WILLIAM N HUBBARD IV — PRESIDENT