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CABS SENIOR HOUSING DEVELOPMENT FUND COMPANY INC

BROOKLYN, NY · EIN 112582628 · Form 990 · FY2023 · Micro (<$100K)
revenue
$19
expenses
$1K
net assets
$6.4M
employees
0
volunteers
3
program ratio
0%
mission · from form 990

TO PROVIDE SUPPORTING SERVICES TO A ONE HUNDRED AND TEN UNIT APARTMENT BUILDING FOR THE ELDERLY UNDER SECTION 202 OF THE FEDERAL HOUSING PROGRAM.

profile · synthesized from sources

CABS Senior Housing Development Fund Company Inc supports a 110-unit apartment building for elderly residents under the federal Section 202 housing program. The organization is based in Brooklyn, NY, and provides supportive services to low-income seniors. Its mission centers on maintaining affordable, safe housing for elderly individuals through federally assisted programming.

named programs · 1 · from sources

What they call their work

Supportive Housing Services
Provides supportive services and property management for a 110-unit apartment building designated for elderly residents under the federal Section 202 program
activities · 1 group

What they do

  • HUD Section 202 Senior Housing 1 activity
    • Operating senior housing under federal Section 202 program
      Provides supporting services to a 110-unit apartment building for the elderly under Section 202 of the Federal Housing Program.
financials · form 990 · fy2023
revenue
Total revenue$19
Contributions & grants$00%
Program service revenue$00%
Investment income$19100%
Other revenue$0
expenses
Total expenses$1K
Program expenses0%
Admin / overhead100%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$7.22M
Cash$963K
Investments$0
Liabilities$863K
Net assets$6.35M
Liquid reserves8024.1 mo
5 years on record · 2019–2023 · YoY revenue +18.8%
leadership · form 990 part vii · fy2023

Who runs it

board members · 3
  • ADOLFO G ALAYON — PRESIDENT
  • LUCY M VASQUEZ — TREASURER
  • SHERLY DEMOSTHENES — SECRETARY
relationships · 1

Who they work with

  • Federal Government Government — Participates in Section 202 of the Federal Housing Program.
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.

  • Section 202 Supportive Housing Model
    methodology: supportive_housing_elderly
    By operating within the federal Section 202 supportive housing framework, the organization provides affordable housing with coordinated services for elderly residents, because this model enables access to subsidized capital and long-term service integration that supports aging in place.