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GIBB MANSION HOUSING DEVELOPMENT FUND CORPORATION
BROOKLYN, NY · EIN 821641445 · Form 990 · FY2024 · NTEE L21 · Housing & Shelter · Small ($100K-$1M)
revenue
$990K
expenses
$1.6M
net assets
$-2.0M
employees
0
volunteers
4
program ratio
97%
mission · from form 990

TO ACQUIRE, DEVELOP AND MAINTAIN, ON A NONPROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

profile · synthesized from sources

GIBB MANSION HOUSING DEVELOPMENT FUND CORPORATION is a nonprofit organization based in New York that acquires, develops, and maintains housing projects for low-income individuals. Its primary mission is to provide affordable housing through nonprofit ownership and management. The organization operates exclusively within the housing and shelter sector.

named programs · 1 · from sources

What they call their work

Acquisition and Development of Affordable Housing
Acquires, develops, and maintains housing units for low-income residents on a nonprofit basis
activities · 1 group

What they do

  • Affordable Housing Development and Management 1 activity
    • Acquires, develops, and maintains affordable housing for low-income individuals
      Engages in the acquisition, development, and ongoing maintenance of housing projects specifically for low-income individuals on a nonprofit basis.
financials · form 990 · fy2024
revenue
Total revenue$990K
Contributions & grants$00%
Program service revenue$940K95%
Investment income$49K5%
Other revenue$692
expenses
Total expenses$1.63M
Program expenses97%
Admin / overhead3%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$8.63M
Cash$165
Investments$0
Liabilities$10.66M
Net assets$-2.03M
Liquid reserves0.0 mo
4 years on record · 2021–2024 · YoY revenue -2.3%
leadership · form 990 part vii · fy2024

Who runs it

board members · 4
  • DIANA BREEN — SECRETARTY
  • HEATHER GERSHEN — PRESIDENT
  • IMANI GRISZELL — DIRECTOR
  • YVONNE CUMMINGS — TREASURER
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.