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WEBSTER PARK AVENUE HDFC
BRONX, NY · EIN 753213736 · Form 990 · FY2024 · Small ($100K-$1M)
revenue
$483K
expenses
$585K
net assets
$-2.0M
employees
0
program ratio
41%
mission · from form 990

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

profile · synthesized from sources

WEBSTER PARK AVENUE HDFC is a housing organization based in the Bronx, New York, focused on providing affordable housing opportunities for low- to moderate-income residents. The organization operates as a limited-equity housing cooperative, enabling long-term affordability and resident ownership within the community. Its mission centers on community stability through accessible housing.

named programs · 1 · from sources

What they call their work

Webster Park Avenue Housing Cooperative
Provides permanently affordable housing units through a resident-owned cooperative model, restricting resale prices to maintain long-term affordability for low- to moderate-income households
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$483K
Contributions & grants$00%
Program service revenue$478K99%
Investment income$4K1%
Other revenue$0
expenses
Total expenses$585K
Program expenses41%
Admin / overhead59%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$3.12M
Cash$151K
Investments$0
Liabilities$5.07M
Net assets$-1.95M
Liquid reserves3.1 mo
4 years on record · 2020–2024 · YoY revenue +3.5%
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-development
    By developing and offering affordable housing to low- to moderate-income individuals and families, the organization promotes long-term community stability because stable housing reduces displacement and supports economic resilience.