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SCHERMERHORN HOUSING DEVELOPMENT FUND CORPORATION

NEW YORK, NY · EIN 161699777 · Form 990EZ · FY2024 · NTEE L20 · Housing & Shelter · Micro (<$100K)
revenue
$0
expenses
$50
net assets
$-2.5M
employees
mission · from form 990

SCHERMERHORN HOUSING DEVELOPMENT FUND'S PRIMARY EXEMPT PURPOSE IS TO ACQUIRE AND/OR DEVELOP PROPERTY LOCATED IN THE COUNTY OF KINGS IN THE CITY AND STATE OF NEW YORK FOR THE BENEFIT OF BREAKING GROUND HOUSING DEVELOPMENT FUND AND ITS AFFILIATED TAX-EXEMPT ORGANIZATIONS.

profile · synthesized from sources

SCHERMERHORN HOUSING DEVELOPMENT FUND CORPORATION is a New York-based nonprofit focused on acquiring and developing real estate in Kings County (Brooklyn) for affordable housing purposes. It operates to support Breaking Ground Housing Development Fund and affiliated tax-exempt organizations. The organization's primary activity is property development for supportive and low-income housing.

named programs · 1 · from sources

What they call their work

Property Acquisition and Development
Acquires and develops real estate in Kings County, NY for use by Breaking Ground and affiliated organizations in support of affordable and supportive housing initiatives
activities · 1 group

What they do

  • Affordable Housing Development and Management 1 activity
    • Acquires and develops property for affordable housing
      Acquires and/or develops property in Kings County, New York, for the benefit of Breaking Ground Housing Development Fund and affiliated tax-exempt organizations.
financials · form 990EZ · fy2024
revenue
Total revenue$0
Contributions & grants
Program service revenue
Investment income
Other revenue
expenses
Total expenses$50
Program expenses
Admin / overhead
Fundraising
Salaries & benefits
Grants paid out
balance sheet
Total assets$90K
Cash
Investments
Liabilities
Net assets$-2.47M
5 years on record · 2020–2024
leadership · form 990 part vii · fy2024

Who runs it

board members · 7
  • ANDY D'AMICO — DIRECTOR
  • DAVID PICKET — DIRECTOR
  • KARA MCSHANE — DIRECTOR
  • KIRK GOODRICH — DIRECTOR
  • MARK LEVY — DIRECTOR
  • MICHAEL LASCHER — DIRECTOR
  • PETER EZERSKY — DIRECTOR
relationships · 1

Who they work with

  • BREAKING GROUND HOUSING DEVELOPMENT FUND Partner — Primary beneficiary of property acquisition and development activities.
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.