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RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY INC
AMSTERDAM, NY · EIN 200597209 · Form 990 · FY2024 · NTEE L21 · Housing & Shelter · Micro (<$100K)
revenue
$63K
expenses
$135K
net assets
$279K
employees
0
program ratio
73%
mission · from form 990

TO PROVIDE SERVICES TO THE POOR, DISTRESSED AND UNDERPRIVILEGED LOW-INCOME FAMILIES AND INDIVIDUALS BY DEVELOPING, ACQUIRING, CONSTRUCTING, RENOVATING, OPERATING, MAINTAINING AND IMPROVING RENTAL HOUSING AND FACILITATING HOME OWNERSHIP OPPORTUNITIES.

profile · synthesized from sources

Rivercrest Commons Housing Development Fund Company Inc is a nonprofit organization based in Amsterdam, NY, focused on developing, acquiring, and renovating rental housing for low-income families and individuals. The organization aims to serve economically disadvantaged populations by improving access to affordable housing and supporting homeownership opportunities. Its activities include property development, renovation, and long-term housing management.

named programs · 2 · from sources

What they call their work

Affordable Rental Housing Development
Develops, acquires, constructs, and renovates rental housing units for low-income households in Amsterdam, NY
Homeownership Facilitation
Supports pathways to home ownership for underprivileged individuals and families through targeted housing initiatives
activities · 1 group

What they do

  • Affordable Housing Development and Management 1 activity
    • Develops and manages affordable rental housing for low-income individuals and families
      Engages in the development, acquisition, construction, renovation, operation, maintenance, and improvement of rental housing units targeted to low-income individuals and families.
financials · form 990 · fy2024
revenue
Total revenue$63K
Contributions & grants$31K49%
Program service revenue$29K47%
Investment income$180%
Other revenue$3K
expenses
Total expenses$135K
Program expenses73%
Admin / overhead27%
Fundraising0%
Salaries & benefits$42K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$416K
Cash$94K
Investments$0
Liabilities$137K
Net assets$279K
Liquid reserves8.4 mo
4 years on record · 2020–2024 · YoY revenue +1.6%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • DAMARIS CARBONE — PRESIDENT
  • KIMBERLY ROBERTS — SECRETARY
  • RICHARD DIMATTEO — TREASURER
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.