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GREGENE HOUSING DEVELOPMENT FUND CORPORATION
BROOKLYN, NY · EIN 800818949 · Form 990 · FY2024 · NTEE L21 · Housing & Shelter · Small ($100K-$1M)
revenue
$411K
expenses
$470K
net assets
$-820K
employees
0
volunteers
10
program ratio
87%
mission · from form 990

GREGENE HOUSING DEVELOPMENT FUND CORPORATION (THE "CORPORATION") HAS BEEN ORGANIZED EXCLUSIVELY TO ASSIST THE ACQUISITION AND OPERATION, ON A NONPROFIT BASIS, OF A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

profile · synthesized from sources

GREGENE HOUSING DEVELOPMENT FUND CORPORATION is a nonprofit organization based in Brooklyn, New York, established to support the acquisition and operation of affordable housing for low-income individuals. The organization functions exclusively to manage housing projects on a nonprofit basis, focusing on long-term stability and accessibility for economically disadvantaged residents.

named programs · 1 · from sources

What they call their work

Low-Income Housing Project Operation
Manages and operates affordable housing units for low-income individuals in Brooklyn, NY, ensuring long-term affordability and habitability
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$411K
Contributions & grants$00%
Program service revenue$371K90%
Investment income$9K2%
Other revenue$31K
expenses
Total expenses$470K
Program expenses87%
Admin / overhead13%
Fundraising0%
Salaries & benefits$52K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$1.91M
Cash$141K
Investments$70K
Liabilities$2.73M
Net assets$-820K
Liquid reserves5.4 mo
4 years on record · 2020–2024 · YoY revenue +8.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
VAL HENRY EXECUTIVE DI 1 $203K
board members · 10
  • C ALLYSON FRANKLIN ESQ — MEMBER
  • CHARLES THOMAS — CHAIRMAN
  • COREY SARGENT — SECRETARY
  • KENNETH L PYLE SR — MEMBER
  • KENNETH LAIDLOW — MEMBER
  • MICHAEL BAILEY ESQ — MEMBER
  • MILDRED SMITH — MEMBER
  • STEVE CROMITY — MEMBER
  • VICTORIA POWE-BITTLE — MEMBER
  • VON JOSEPH — 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.