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ACT AFFORDABLE HOUSING INC

NEW YORK, NY · EIN 521893754 · Form 990 · FY2024 · NTEE L200 · Housing & Shelter · Small ($100K-$1M)
revenue
$732K
expenses
$682K
net assets
$762K
employees
0
program ratio
93%
mission · from form 990

TO PROVIDE FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP, AND OPERATION OF AFFORDABLE HOUSING FOR LOW INCOME FAMILIES.

profile · synthesized from sources

ACT Affordable Housing Inc is a New York-based nonprofit focused on the acquisition, development, ownership, and operation of affordable housing. The organization serves low-income families by providing stable housing opportunities through dedicated property management and community development initiatives. Its mission centers on addressing housing insecurity in underserved communities.

named programs · 1 · from sources

What they call their work

Affordable Housing Development
Acquires, develops, and operates affordable housing units for low-income families in New York City
activities · 1 group

What they do

  • Affordable Housing Development and Management 1 activity
    • Acquires, develops, owns, and operates affordable housing for low-income families
      Engages in the acquisition, development, ownership, and management of affordable housing properties specifically serving low-income families.
financials · form 990 · fy2024
revenue
Total revenue$732K
Contributions & grants$103K14%
Program service revenue$594K81%
Investment income$3970%
Other revenue$35K
expenses
Total expenses$682K
Program expenses93%
Admin / overhead7%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$2.63M
Cash$57K
Investments$0
Liabilities$1.86M
Net assets$762K
Liquid reserves1.0 mo
4 years on record · 2020–2024 · YoY revenue -48.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 7
NameTitleHours/wkCompensation
RICHARD F BURNS BOARD MEMBER / PRESIDENT 1 $760K
STEPHEN M GREEN VICE PRESIDENT 1 $518K
ERIC W PRICE VICE PRESIDENT 1 $513K
CARLOS A GONZALES VICE PRESIDENT 1 $377K
ALLA A ELEON TREASURER 1 $311K
JOSEPH P WIEDORFER BOARD MEMBER / VICE PRESIDENT 1 $273K
THALIA B LANKIN BOARD MEMBER / SECRETARY 1 $165K
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.