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EAST CHINATOWN HOUSING DEVELOPMENT FUND COMPANY INC

NEW YORK, NY · EIN 161755397 · Form 990 · FY2024 · NTEE L21 · Housing & Shelter · Small ($100K-$1M)
revenue
$722K
expenses
$661K
net assets
$624K
employees
0
program ratio
85%
mission · from form 990

ACQUIRES, PRESERVES, AND OPERATES AFFORDABLE RENTAL HOUSING FOR LOW INCOME TO MEDIAN INCOME

profile · synthesized from sources

East Chinatown Housing Development Fund Company Inc acquires, preserves, and operates affordable rental housing for low- to moderate-income individuals and families. Based in New York, the organization focuses on maintaining long-term housing stability through property management and targeted development initiatives in underserved communities.

named programs · 1 · from sources

What they call their work

Affordable Rental Housing Management
Acquires, preserves, and operates multifamily rental properties to provide long-term affordable housing for low- to moderate-income residents in New York City.
activities · 1 group

What they do

  • Affordable Housing Development and Management 1 activity
    • Acquires, preserves, and operates affordable rental housing
      Acquires, preserves, and operates affordable rental housing units for low- to median-income households in New York.
financials · form 990 · fy2024
revenue
Total revenue$722K
Contributions & grants$00%
Program service revenue$653K90%
Investment income$54K7%
Other revenue$15K
expenses
Total expenses$661K
Program expenses85%
Admin / overhead15%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$3.90M
Cash$242K
Investments$0
Liabilities$3.28M
Net assets$624K
Liquid reserves4.4 mo
4 years on record · 2020–2024 · YoY revenue +1.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 5
NameTitleHours/wkCompensation
THOMAS YU PRESIDENT/ED 1 $346K
HUI-YUAN NELSON CHAN TREASURER/MANG. DIR. OF REAL ESTATE 1 $271K
HSUEH LAM YAN SECRETARY/DIR.,ASSET & PROP. MGMT. 1 $220K
MY T CHANG VICE PRESIDENT/CHIEF OF STAFF 1 $209K
JOY SUZANNE GRANADO CHIEF ACCOUNTING OFFICER (OUTGOING) 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.