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NORTHCORE STUDIOS HOUSING DEVELOPMENT FUND CORPORATION
BROOKLYN, NY · EIN 932506794 · Form 990 · FY2025 · NTEE L21 · Housing & Shelter · Small ($100K-$1M)
revenue
$761K
expenses
$990K
net assets
$-4.8M
employees
0
program ratio
84%
mission · from form 990

TO OPERATE AND MAINTAIN LOW INCOME HOUSING IN THE NEW YORK CITY AREA.

profile · synthesized from sources

NORTHCORE STUDIOS HOUSING DEVELOPMENT FUND CORPORATION is a nonprofit organization based in New York State, focused on operating and maintaining low-income housing in the New York City area. The organization's mission is to provide affordable housing units and ensure their long-term sustainability through property management and community support services.

named programs · 1 · from sources

What they call their work

Low-Income Housing Management
Operates and maintains affordable housing units in New York City, ensuring compliance with rent restriction regulations and providing property management services for income-qualified residents.
activities · 1 group

What they do

  • Affordable Housing Development and Management 1 activity
    • Operates and maintains low-income housing in New York City
      Provides affordable housing through the operation and maintenance of residential properties for low-income individuals and families in the New York City area.
financials · form 990 · fy2025
revenue
Total revenue$761K
Contributions & grants$00%
Program service revenue$761K100%
Investment income$00%
Other revenue$0
expenses
Total expenses$990K
Program expenses84%
Admin / overhead16%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$640K
Cash$0
Investments$0
Liabilities$5.39M
Net assets$-4.75M
Liquid reserves0.0 mo
2 years on record · 2024–2025 · YoY revenue +15.5%
leadership · form 990 part vii · fy2025

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
GREGORY COLIMON EXECUTIVE DIRECTOR 20 $189K
board members · 5
  • ANTHONY MAMMINA — CHAIRMAN
  • CAROLINE FAULKNER — TRUSTEE
  • DIANTHA M WILSON — FUNDRAISING COMMITTEE CHAI
  • IVAN B HEYWARD — FINANCING COMMITTEE CHAIR
  • LYSCHEL WIKERSON — TRUSTEE
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.