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BELMONT BOULEVARD II HDFC INC
BRONX, NY · EIN 134026641 · Form 990 · FY2024 · NTEE L22 · Housing & Shelter · Medium ($1M-$10M)
revenue
$1.4M
expenses
$1.7M
net assets
$-6.4M
employees
10
program ratio
94%
mission · from form 990

TO PROVIDE AFFORDABLE SUBSIDIZED HOUSING FOR SENIOR CITIZENS AND HANDICAPPED INDIVIDUALS UNDER THE SECTION 202/08 PROGRAM UNDER THE JURISDICTION OF THE U.S. DEPT OF HOUSING & URBAN DEVELOPMENT (H.U.D)

profile · synthesized from sources

BELMONT BOULEVARD II HDFC INC is a nonprofit housing corporation in the Bronx, New York, providing affordable, subsidized housing units to low-income senior citizens and individuals with disabilities. The organization operates under HUD’s Section 202/08 program, which supports the development and maintenance of specialized housing for vulnerable populations. Its primary mission is to ensure safe and accessible housing for these groups through federal program compliance and property management.

named programs · 1 · from sources

What they call their work

Section 202/08 Supportive Housing
Provides affordable, subsidized housing units for low-income seniors and individuals with disabilities in compliance with HUD regulations and oversight
activities · 1 group

What they do

  • HUD Section 202 Senior Housing 1 activity
    • Operating affordable housing for seniors and individuals with disabilities
      Provides affordable, subsidized housing units for senior citizens and individuals with disabilities through the HUD Section 202/08 program.
financials · form 990 · fy2024
revenue
Total revenue$1.44M
Contributions & grants$1.07M75%
Program service revenue$363K25%
Investment income$1970%
Other revenue$3K
expenses
Total expenses$1.73M
Program expenses94%
Admin / overhead6%
Fundraising0%
Salaries & benefits$115K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$4.76M
Cash$993K
Investments$0
Liabilities$11.19M
Net assets$-6.44M
Liquid reserves6.9 mo
3 years on record · 2020–2024 · YoY revenue +1.5%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • CECILIA FERRO — SECRETARY
  • CONSOLATO CICCIU — PRESIDENT
  • PAUL FRACASSI — VICE PRESIDENT
relationships · 1

Who they work with

  • U.S. Department of Housing and Urban Development Government — Administers the Section 202/08 program under which the organization operates
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.

  • Government-Subsidized Housing Model
    methodology: housing_first
    By leveraging federal HUD Section 202/08 funding and frameworks, the organization provides affordable housing to low-income seniors and individuals with disabilities, because access to stable, subsidized housing improves health, safety, and quality of life for vulnerable populations.