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1130 COLLEGE AVENUE HDFC
BRONX, NY · EIN 141890837 · Form 990 · FY2024 · NTEE L41 · Housing & Shelter · Small ($100K-$1M)
revenue
$447K
expenses
$463K
net assets
$-345K
employees
0
program ratio
75%
mission · from form 990

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

profile · synthesized from sources

1130 College Avenue HDFC is a housing corporation based in the Bronx, NY, established to provide affordable housing opportunities for low- to moderate-income individuals and families. The organization operates as a housing development fund company, focusing on community-based residential stability through homeownership or rental programs tailored to income-qualified residents.

named programs · 1 · from sources

What they call their work

Affordable Housing Development
Acquires, rehabilitates, and manages residential properties to provide long-term affordable housing for low- to moderate-income households in the Bronx
activities · 1 group

What they do

  • Low- to Moderate-Income HDFC Housing 1 activity
    • Providing affordable housing opportunities
      Provides housing opportunities for low-income to moderate-income individuals and families within the community.
financials · form 990 · fy2024
revenue
Total revenue$447K
Contributions & grants$00%
Program service revenue$446K100%
Investment income$70%
Other revenue$1K
expenses
Total expenses$463K
Program expenses75%
Admin / overhead25%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$488K
Cash$49K
Investments$0
Liabilities$833K
Net assets$-345K
Liquid reserves1.3 mo
4 years on record · 2020–2024 · YoY revenue +7.7%
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.

  • Affordable Housing for Community Stability
    methodology: housing_first
    By providing affordable housing to low- and moderate-income individuals and families, the organization promotes long-term community stability because stable housing reduces displacement and supports social cohesion.