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ALMA RANGEL GARDENS HOUSING DEVELOPMENT FUND COMPANY INC
NEW YORK, NY · EIN 134066940 · Form 990 · FY2024 · NTEE P73 · Human Services · Medium ($1M-$10M)
revenue
$3.2M
expenses
$2.2M
net assets
$-2.2M
employees
8
volunteers
7
program ratio
89%
mission · from form 990

PROVIDES 88 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED IN THE HARLEM. FORTY (40) OF ITS TENANTS ARE ENRICHED HOUSING PROGRAM RESIDENTS WHO REQUIRE SPECIAL ASSISTANCE AND FOOD SERVICE.

profile · synthesized from sources

Provides 88 units of subsidized, low-income housing for senior citizens in Harlem, New York. Forty of its residents participate in an enriched housing program that includes special assistance and food service. The organization operates as a nonprofit housing developer focused on supportive housing for elderly populations.

named programs · 1 · from sources

What they call their work

Enriched Housing Program
Provides special assistance and food service to 40 low-income senior residents in Harlem
activities · 2 groups

What they do

  • Affordable Housing Development and Management 1 activity
    • Operation of subsidized senior housing
      Provides 88 units of subsidized, low-income housing for senior citizens in Harlem.
  • Senior Independence Support Services 1 activity
    • Provision of supportive services to enriched housing residents
      Provides special assistance and food service to 40 enriched housing program residents who are senior citizens with additional support needs.
financials · form 990 · fy2024
revenue
Total revenue$3.25M
Contributions & grants$2.95M91%
Program service revenue$292K9%
Investment income$6K0%
Other revenue$5K
expenses
Total expenses$2.23M
Program expenses89%
Admin / overhead11%
Fundraising0%
Salaries & benefits$413K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$9.02M
Cash$2.11M
Investments$0
Liabilities$11.18M
Net assets$-2.17M
Liquid reserves11.3 mo
6 years on record · 2019–2024 · YoY revenue +25.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
LINDA R HOFFMAN CHIEF EXECUTIVE OFFICER 1 $821K
ROLANDO A BLANCO CHIEF FINANCIAL OFFICER 1 $365K
board members · 7
  • ALMA RANGEL — BOARD MEMBER
  • ANN VAN NESS — VICE PRESIDENT
  • ELIZABETH R TOZER — VICE PRESIDENT
  • EVELYN SALZBURG — BOARD MEMBER
  • PEARL CHANG — BOARD MEMBER
  • WILLIAM N HUBBARD III — SECRETARY/TREASURER
  • WILLIAM N HUBBARD IV — 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.

  • Enriched Housing Model
    methodology: enriched_housing_model
    By combining subsidized senior housing with targeted support services such as food service, we improve outcomes for residents with special needs, because integrated care within a stable housing environment addresses social determinants of health and enhances well-being.