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MBD COMMUNITY HOUSING COPORATION

BRONX, NY · EIN 133023179 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$5.4M
expenses
$2.4M
net assets
$29.5M
employees
19
program ratio
65%
mission · from form 990

DEVELOPMENT, PROPERTY MANAGEMENT, ECONOMIC, DEVELOPMENT AND DELIVERY FOR HUMAN SERVICES THROUGH CREATIVE DEVELOPMENT AND UTILIZATION OF RESOURCES BY QUALIFIED PERSONNEL.

profile · synthesized from sources

Community development and housing organization based in the Bronx, NY, focused on property management, economic development, and delivery of human services. Utilizes resources and qualified personnel to support community development initiatives. Operates with an annual revenue of approximately $5 million.

activities · 3 groups

What they do

  • Neighborhood Revitalization Initiatives 1 activity
    • Community development and property management
      Engages in community development and property management activities as part of its operational mission, utilizing qualified personnel and creative resource allocation.
  • General Community Direct Support Services 1 activity
    • Delivery of human services
      Provides human services using qualified staff and innovative approaches to resource utilization to support community well-being.
  • Regional Economic Development Initiatives 1 activity
    • Economic development initiatives
      Conducts economic development programs aimed at strengthening local economies through targeted interventions and resource mobilization.
financials · form 990 · fy2024
revenue
Total revenue$5.42M
Contributions & grants$130K2%
Program service revenue$4.93M91%
Investment income$299K6%
Other revenue$60K
expenses
Total expenses$2.43M
Program expenses65%
Admin / overhead35%
Fundraising0%
Salaries & benefits$1.32M
Grants paid out$43K
Largest expense lineCompensation
balance sheet
Total assets$31.37M
Cash$1.98M
Investments$505K
Liabilities$1.83M
Net assets$29.53M
Liquid reserves12.3 mo
3 years on record · 2020–2024 · YoY revenue +5.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
DERRICK LOVETT NON-VOTING MEMBER 30 $364K
RUBRIA RODRIGUEZ ADMINISTRATOR 20 $202K
board members · 4
  • KENNETHE MORRISON — BOARD MEMBER
  • LINDA SARGENT — BOARD MEMBER
  • PHILLIS WILLIAMS — SECRETARY
  • WALLACE MOBLEY — TREASURER