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ADDABBO CENTER FUTURE HOME INC
AVERNE, NY · EIN 821499016 · Form 990 · FY2024 · NTEE E11 · Health Care · Small ($100K-$1M)
revenue
$958K
expenses
$224K
net assets
$5.2M
employees
0
volunteers
2
program ratio
80%
mission · from form 990

THE PURPOSE IS TO FACILITATE THE BORROWINGS RELATED TO A NEW MARKETS TAX CREDIT TRANSACTION TO FINANCE THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CENTER FOR THE JOSEPH P. ADDABBO FAMILY HEALTH CENTER, INC. IN QUEENS, NEW YORK.

profile · synthesized from sources

ADDABBO CENTER FUTURE HOME INC is a New York-based nonprofit established to support financing for the development and construction of a health center in Queens. The organization's primary purpose is to facilitate borrowings through a New Markets Tax Credit transaction. It operates as a financial conduit for the Joseph P. Addabbo Family Health Center, Inc.

named programs · 1 · from sources

What they call their work

Health Center Development Financing
Facilitated financing for the development and construction of a health center in Queens, NY through a New Markets Tax Credit transaction
activities · 1 group

What they do

  • Capital Infrastructure Funding 1 activity
    • Facilitating New Markets Tax Credit financing for health center development
      Facilitated borrowings through a New Markets Tax Credit transaction to finance the development and construction of a health center in Queens, New York.
financials · form 990 · fy2024
revenue
Total revenue$958K
Contributions & grants$958K100%
Program service revenue$00%
Investment income$00%
Other revenue$0
expenses
Total expenses$224K
Program expenses80%
Admin / overhead20%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$25.65M
Cash$61K
Investments$0
Liabilities$20.40M
Net assets$5.25M
Liquid reserves3.3 mo
3 years on record · 2020–2024 · YoY revenue +76.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
THOMAS MEYERS CHIEF COMPLIANCE OFFICER/INTERIM CEO 1 $214K
MIRIAM DABBAH OUTGOING CEO 1 $152K
LAWRENCE WOJCIK OUTGOING CHIEF FINANCIAL OFFICER 1 $76K
board members · 2
  • BETTY LEON — TREASURER
  • YERUCHEM PHILLIP GOLDFEDER — PRESIDENT
relationships · 1

Who they work with

  • JOSEPH P. ADDABBO FAMILY HEALTH CENTER, INC. Partner — Partner organization for which the health center was developed and constructed using financed borrowings.
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.