named programs · 1 · from sources
What they call their work
Affordable Multifamily Housing Operation
Owns and manages a 51-unit residential building providing long-term affordable housing to low-income individuals and families in Brooklyn, NY
activities · 1 group
What they do
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Affordable Housing Development and Management 1 activity
- Develops and manages affordable housing for low-income familiesDevelops, constructs, owns, operates, and manages a multifamily residential building with 51 units designated for low-income individuals and families.
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financials · form 990 · fy2024
revenue
Total revenue$646K
Contributions & grants$00%
Program service revenue$548K85%
Investment income$23K4%
Other revenue$74K
expenses
Total expenses$1.00M
Program expenses92%
Admin / overhead8%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$16.60M
Cash$398K
Investments$0
Liabilities$18.91M
Net assets$-2.31M
Liquid reserves4.8 mo
5 years on record · 2020–2024 · YoY revenue +11.3%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| JUAN RAMOS | EXECUTIVE DIRECTOR | 1 | $231K |
| LENETTE BERRIOS | DEPUTY EXECUTIVE DIRECTOR | 1 | $186K |
board members · 16
- ANNETTE ROSADO — BOARD MEMBER
- DAMARIS REYES — BOARD MEMBER
- DAVID LOPEZ — SECRETARY OF THE BOARD
- GLADYS OGANDO — BOARD MEMBER
- ISRAEL ROSARIO — TREASURER
- JIM O'SHEA — BOARD MEMBER
- JOE PACHECO — BOARD 1ST VICE CHAIRPERSON
- MAISHA MORALES — BOARD CHAIRPERSON
- MALDONADO EUGENIO — BOARD MEMBER
- MARIA OCASIO — BOARD MEMBER
- MARTIN NEEDLEMAN — BOARD 2ND VICE CHAIRPERSON
- MENDEZ ROSAURA — BOARD MEMBER
- RAY NARVAEZ — BOARD MEMBER
- RICARDO MOLINA — BOARD MEMBER
- TERESA CRUZ — BOARD MEMBER
- YOWALKZ ROSARIO — BOARD MEMBER
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.
- Housing Stability through Long-Term Affordable Ownershipmethodology: housing_firstBy developing and permanently managing affordable multifamily housing, the organization produces stable housing outcomes for low-income individuals and families, because long-term ownership prevents displacement and ensures sustained affordability.