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Lincoln Towers Housing Development Fund Corporation
Elmsford, NY · EIN 133974371 · Form 990 · FY2024 · NTEE L21 · Housing & Shelter · Medium ($1M-$10M)
revenue
$2.3M
expenses
$2.1M
net assets
$-3.8M
employees
2
volunteers
8
program ratio
91%
mission · from form 990

TO ACQUIRE AND OPERATE AN 89-UNIT RESIDENTIAL RENTAL PROJECT, LOCATED IN NEW ROCHELLE, NY, UNDER THE NATIONAL HOUSING ACT.

profile · synthesized from sources

Lincoln Towers Housing Development Fund Corporation owns and operates an 89-unit residential rental property in New Rochelle, New York. The organization was established to provide affordable housing under the National Housing Act. Its primary activity is property management for low- to moderate-income tenants.

named programs · 1 · from sources

What they call their work

Lincoln Towers Residential Rental Project
Owns and operates an 89-unit affordable housing complex for low- to moderate-income residents in New Rochelle, NY
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$2.25M
Contributions & grants$1.70M76%
Program service revenue$474K21%
Investment income$74K3%
Other revenue$0
expenses
Total expenses$2.14M
Program expenses91%
Admin / overhead9%
Fundraising0%
Salaries & benefits$247K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$7.09M
Cash$348K
Investments$0
Liabilities$10.87M
Net assets$-3.78M
Liquid reserves1.9 mo
5 years on record · 2020–2024 · YoY revenue +4.6%
leadership · form 990 part vii · fy2024

Who runs it

board members · 8
  • ANNA DAVIS — DIRECTOR
  • ARNETHA OWENS — RECORDING SECRETARY
  • AYRIS GRANBY — DIRECTOR
  • BERNICE SMITH — TREASURER
  • MARY WILLIAMS — DIRECTOR
  • PATRICIA JOHNSON — DIRECTOR
  • REV DR MICHAEL J ROUSE — CHAIR
  • REV DR WALLACE L NOBLE — DIRECTOR
relationships · 1

Who they work with

  • National Housing Act Government — Operates housing project under the National Housing Act.
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.