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DRAKE MANOR HOUSING DEVELOPMENT FUND COMPANY INC
ALBANY, NY · EIN 161522028 · Form 990 · FY2025 · NTEE L210 · Housing & Shelter · Small ($100K-$1M)
revenue
$224K
expenses
$241K
net assets
$153K
employees
2
program ratio
71%
mission · from form 990

PROVIDE LOW-INCOME SENIOR HOUSING.

profile · synthesized from sources

DRAKE MANOR HOUSING DEVELOPMENT FUND COMPANY INC is a New York-based nonprofit organization focused on providing affordable housing for low-income seniors. The organization operates in Albany, NY, and is dedicated to developing and managing senior housing properties that meet the needs of elderly individuals with limited financial resources. Its mission centers on addressing housing insecurity among older adults.

activities · 1 group

What they do

  • Elder Care Financial Support 1 activity
    • Provides low-income senior housing
      Operates housing for low-income seniors, as reported in IRS Form 990 filings.
financials · form 990 · fy2025
revenue
Total revenue$224K
Contributions & grants$00%
Program service revenue$209K93%
Investment income$2030%
Other revenue$15K
expenses
Total expenses$241K
Program expenses71%
Admin / overhead29%
Fundraising0%
Salaries & benefits$50K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$186K
Cash$19K
Investments$0
Liabilities$33K
Net assets$153K
Liquid reserves0.9 mo
5 years on record · 2020–2025 · YoY revenue +14.6%
leadership · form 990 part vii · fy2025

Who runs it

board members · 9
  • ARLENE WAY — DIRECTOR
  • BETHANY CALDWELL — TREASURER
  • DAVIA STEVENS — DIRECTOR
  • JUDYTH AVERY — DIRECTOR
  • MINISTER WANDA FEASTER — VICE PRESIDENT
  • OPAL RIVERA — SECRETARY
  • PAM DICKENSON — DIRECTOR
  • RONDELL THOMAS — DIRECTOR
  • SHARON SMITH — 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 Vulnerable Populations
    methodology: housing_first
    By providing permanent, affordable housing to low-income seniors, the organization promotes housing stability and shelter because stable housing is foundational to well-being and reduces vulnerability among aging populations.