COMMON MAPS
Map version new-york activity top-down
Main site Contact
Menu
↑ parent activity group ·
research dossier

MAIN-FERRY HOUSING DEVELOPMENT FUND COMPANY INC
BUFFALO, NY · EIN 272066321 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Micro (<$100K)
revenue
$72K
expenses
$238K
net assets
$-48K
employees
0
program ratio
93%
mission · from form 990

THE COMPANY WAS INCORPORATED PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW AND SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF OWNING, ORGANIZING, MANAGING, MAINTAINING, DEVELOPING AND OPERATING, ON A NON-PROFIT BASIS, A RESIDENTIAL HOUSING RENTAL PROJECT FOR PERSONS OF LOW INCOME AND TO PROVIDE OFFICES FOR A NON-PROFIT CIVIL RIGHTS ORGANIZATION.

profile · synthesized from sources

Non-profit housing development company based in Buffalo, NY, established to own, manage, and operate residential rental projects for low-income individuals. Operates under New York’s Private Housing Finance Law with a mission to provide affordable housing and office space for civil rights organizations. Functions as a non-profit real estate developer focused on community-based housing solutions.

named programs · 2 · from sources

What they call their work

Office Space for Civil Rights Organizations
Provision of office facilities to non-profit civil rights organizations as part of the company's community mission
Residential Housing Rental Project
Development and operation of affordable rental housing units for low-income residents in Buffalo, NY
activities · 2 groups

What they do

  • Affordable Housing Development and Management 1 activity
    • Developing and operating affordable residential housing for low-income individuals
      Owns, manages, maintains, develops, and operates residential housing rental projects for low-income individuals on a nonprofit basis.
  • Community Space Provision 1 activity
    • Providing nonprofit office space to civil rights organizations
      Provides office space to a nonprofit civil rights organization as part of its facility utilization and community support efforts.
financials · form 990 · fy2024
revenue
Total revenue$72K
Contributions & grants$00%
Program service revenue$70K98%
Investment income$1K2%
Other revenue$377
expenses
Total expenses$238K
Program expenses93%
Admin / overhead7%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$1.51M
Cash$237
Investments$0
Liabilities$1.56M
Net assets$-48K
Liquid reserves0.0 mo
5 years on record · 2020–2024 · YoY revenue +6.6%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
DEANNA EASON PRESIDENT 5 $104K
board members · 6
  • ASANTEWA HOLLEY — SECRETARY
  • JESSICA MILANO-CARTY — CHAIR
  • JOYELLE TEDESCHI — VICE CHAIR
  • SARAH RUGNETTA — DIRECTOR
  • STEPAHN TODD — TREASURER
  • TODD VAARWERK — DIRECTOR
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 Provision via Nonprofit Model
    methodology: nonprofit_affordable_housing
    By developing and operating rental housing under a nonprofit structure governed by New York's Private Housing Finance Law, we produce stable, low-cost housing for low-income individuals because this legal and financial framework enables long-term affordability and reinvestment of surplus into building quality and accessibility.