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ARTHUR ELLIOT HDFC

BRONX, NY · EIN 800809725 · Form 990 · FY2024 · NTEE L21 · Housing & Shelter · Small ($100K-$1M)
revenue
$553K
expenses
$667K
net assets
$-136K
employees
0
program ratio
71%
mission · from form 990

TO PROVIDE LOW INCOME TO MODERATE INCOME HOUSING OPPORTUNITIES FOR THE COMMUNITY

profile · synthesized from sources

Arthur Elliot HDFC is a housing cooperative in New York that provides affordable housing opportunities for low- to moderate-income residents. The organization operates as a limited-equity housing development fund corporation, preserving long-term affordability through resident ownership and stewardship. Its mission focuses on community stability through accessible housing in the Bronx.

named programs · 1 · from sources

What they call their work

Affordable Housing Management
Manages and maintains a designated housing development as a limited-equity cooperative, ensuring long-term affordability and resident control
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$553K
Contributions & grants$00%
Program service revenue$546K99%
Investment income$7K1%
Other revenue$0
expenses
Total expenses$667K
Program expenses71%
Admin / overhead29%
Fundraising0%
Salaries & benefits$14K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$2.96M
Cash$605K
Investments$0
Liabilities$3.10M
Net assets$-136K
Liquid reserves10.9 mo
3 years on record · 2020–2024 · YoY revenue +4.5%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • CECILIA FERRO — SECRETARY
  • CONSOLATO CICCIU — PRESIDENT
  • PAUL FRACASSI — VICE 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.

  • Providing Affordable Housing to Support Community Stability
    methodology: housing_first
    By offering affordable housing to low- and moderate-income individuals and families, the organization promotes stable living environments, which in turn supports broader community stability and reduces displacement pressures.