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FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION

BROOKLYN, NY · EIN 470919280 · Form 990 · FY2023 · NTEE L20 · Housing & Shelter · Small ($100K-$1M)
revenue
$571K
expenses
$608K
net assets
$-2.0M
employees
0
program ratio
91%
mission · from form 990

THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE FIVE APARTMENT BUILDINGS TO QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA.

profile · synthesized from sources

The organization owns and operates five apartment buildings providing affordable housing to qualified low-income individuals in Brooklyn, New York. Its mission is focused on maintaining safe and stable residential units for economically disadvantaged residents in the local area.

named programs · 1 · from sources

What they call their work

Low-Income Housing Operation
Owns and operates five apartment buildings designated for qualified low-income individuals in Brooklyn, NY
activities · 1 group

What they do

  • Affordable Housing Development and Management 1 activity
    • Owns and operates affordable housing buildings for low-income individuals
      Owns and operates five apartment buildings in Brooklyn, New York, providing housing for qualified low-income individuals.
financials · form 990 · fy2023
revenue
Total revenue$571K
Contributions & grants$153K27%
Program service revenue$405K71%
Investment income$920%
Other revenue$13K
expenses
Total expenses$608K
Program expenses91%
Admin / overhead9%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$3.73M
Cash$56K
Investments$0
Liabilities$5.71M
Net assets$-1.98M
Liquid reserves1.1 mo
3 years on record · 2020–2023 · YoY revenue +33.7%
leadership · form 990 part vii · fy2023

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
MICHELLE DE LA UZ SECRETARY 1 $255K
WILLIAM YATES TREASURER 1 $201K
JAY A MARCUS TREASURER 1 $200K
board members · 1
  • DANY CUNNINGHAM — 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.