named programs · 1 · from sources
What they call their work
Affordable Rental Housing Operation
Acquires, preserves, and manages affordable rental properties for low to median income families in New York City
activities · 1 group
What they do
-
Affordable Housing Development and Management 1 activity
- Acquisition and operation of affordable rental housingAcquires, preserves, and operates affordable rental housing for low to moderate-income families in New York.
-
financials · form 990 · fy2024
revenue
Total revenue$751K
Contributions & grants$00%
Program service revenue$689K92%
Investment income$39K5%
Other revenue$23K
expenses
Total expenses$763K
Program expenses77%
Admin / overhead23%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$3.79M
Cash$432K
Investments$0
Liabilities$3.09M
Net assets$706K
Liquid reserves6.8 mo
4 years on record · 2020–2024 · YoY revenue +2.8%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 5
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| THOMAS YU | PRESIDENT/ED | 1 | $346K |
| HUI-YUAN NELSON CHAN | TREASURER/MANG. DIR. OF REAL ESTATE | 1 | $271K |
| HSUEN YAN | SECRETARY/DIR. ASSET & PROP MGMT. | 1 | $220K |
| MY T CHANG | VICE PRESIDENT/CHIEF OF STAFF | 1 | $209K |
| JOY SUZANNE GRANADO | CHIEF ACCOUNTING OFFICER | 1 | $197K |
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 Preservationmethodology: affordable_housing_preservationBy acquiring and preserving affordable rental housing, the organization ensures long-term housing stability for low to median income families, because maintaining existing affordable units prevents displacement and reduces the need for costly new construction.