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EC HOUSING DEVELOPMENT FUND COMPANY INC
BRONX, NY · EIN 133121459 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$2.1M
expenses
$2.9M
net assets
$-5.5M
employees
2
program ratio
95%
mission · from form 990

PROVIDE AFFORDABLE HOUSING GOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959

profile · synthesized from sources

EC Housing Development Fund Company Inc provides affordable housing for the elderly and handicapped under Section 202 of the Federal Housing Act of 1959. The organization operates in New York, specifically in the Bronx, and focuses on developing and managing supportive housing units for low-income seniors and individuals with disabilities. Its mission centers on long-term residential stability through federally assisted housing programs.

named programs · 2 · from sources

What they call their work

Accessible Housing for People with Disabilities
Provides specially designed, affordable housing units for individuals with physical and cognitive disabilities, ensuring accessibility and supportive services.
Supportive Housing for the Elderly
Develops and manages affordable, federally subsidized housing units for low-income seniors, providing long-term residential stability under Section 202 of the Federal Housing Act of 1959.
activities · 1 group

What they do

  • HUD Section 202 Senior Housing 1 activity
    • Providing affordable housing for elderly and handicapped individuals
      Develops and operates affordable housing units for elderly and handicapped individuals under Section 202 of the Federal Housing Act of 1959.
financials · form 990 · fy2024
revenue
Total revenue$2.09M
Contributions & grants$00%
Program service revenue$2.09M100%
Investment income$1K0%
Other revenue$0
expenses
Total expenses$2.86M
Program expenses95%
Admin / overhead5%
Fundraising0%
Salaries & benefits$169K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$2.31M
Cash$97K
Investments$0
Liabilities$7.84M
Net assets$-5.53M
Liquid reserves0.4 mo
5 years on record · 2020–2024 · YoY revenue -4.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
SALVATORE GIGANTE VICE PRESIDENT 1 $250K
SONAL SHAH CONTROLLER 1 $145K
ANGELA DAVIS FARRISH EXECUTIVE DIRECTOR 0 $35K
board members · 2
  • ENRICO BOCCIA — CHAIR
  • EVELYN VELAZQUEZ — TREASURER/SECRETARY
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.

  • Section 202 Affordable Housing Model
    methodology: section_202_affordable_housing
    By leveraging federal Section 202 support and government-assisted financing, we provide affordable housing for elderly and disabled populations, because this funding enables long-term affordability and access for vulnerable groups who would otherwise face housing insecurity.