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1360 NELSON AVENUE HDFC INC
BRONX, NY · EIN 133939142 · Form 990 · FY2024 · NTEE L21 · Housing & Shelter · Small ($100K-$1M)
revenue
$421K
expenses
$378K
net assets
$2.1M
employees
0
program ratio
77%
mission · from form 990

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

profile · synthesized from sources

1360 Nelson Avenue HDFC Inc is a housing corporation based in the Bronx, New York, established to provide affordable housing opportunities for low- to moderate-income individuals and families. The organization owns and manages residential property to promote community stability through long-term, income-restricted tenancies. As an HDFC (Housing Development Fund Corporation), it operates under a mission of permanent affordability.

named programs · 1 · from sources

What they call their work

Affordable Housing Management
Owns and operates residential units at 1360 Nelson Avenue in the Bronx, providing long-term, income-restricted housing under HDFC bylaws and regulatory agreements
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$421K
Contributions & grants$00%
Program service revenue$389K92%
Investment income$33K8%
Other revenue$0
expenses
Total expenses$378K
Program expenses77%
Admin / overhead23%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$2.24M
Cash$1.89M
Investments$0
Liabilities$94K
Net assets$2.14M
Liquid reserves60.1 mo
4 years on record · 2020–2024 · YoY revenue -1.0%
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: affordable_housing
    By providing affordable housing to low- and moderate-income individuals, the organization promotes community stability because stable housing reduces displacement and supports long-term neighborhood health.