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CARMEL HOUSING DEVELOPMENT FUND COMPANY INC
NEW YORK, NY · EIN 133069966 · Form 990 · FY2023 · Medium ($1M-$10M)
revenue
$1.2M
expenses
$29K
net assets
$16.5M
employees
0
volunteers
5
program ratio
0%
mission · from form 990

THE ORGANIZATION SUPPORTS LOW INCOME HOUSING AND RELATED ACCESSORY FACILITIES TO LOW AND MODERATE INCOME PERSONS, ELDERLY PERSONS AND HANDICAPPED PERSONS IN NEED THROUGH PROGRAM RELATED INVESTMENTS.

profile · synthesized from sources

CARMEL HOUSING DEVELOPMENT FUND COMPANY INC is a New York-based organization that supports affordable housing and related facilities for low- and moderate-income individuals, seniors, and persons with disabilities. The organization primarily operates through program-related investments to advance its mission. It does not directly manage housing but provides financial support to initiatives serving these populations.

named programs · 1 · from sources

What they call their work

Program-Related Investments in Affordable Housing
Provides capital investments to support the development and preservation of low-income housing and accessory facilities for vulnerable populations
activities · 1 group

What they do

  • Capital Infrastructure Funding 1 activity
    • Funding low-income and supportive housing development
      Provides program-related investments to support the development of low-income housing and related accessory facilities for low- and moderate-income individuals, elderly persons, and persons with disabilities.
financials · form 990 · fy2023
revenue
Total revenue$1.21M
Contributions & grants$00%
Program service revenue$1.13M93%
Investment income$88K7%
Other revenue$0
expenses
Total expenses$29K
Program expenses0%
Admin / overhead100%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$16.87M
Cash$1.65M
Investments$14.88M
Liabilities$338K
Net assets$16.53M
Liquid reserves6847.8 mo
5 years on record · 2019–2023 · YoY revenue +5.7%
leadership · form 990 part vii · fy2023

Who runs it

board members · 5
  • BEATRIZ DIAZ TAVERAS — PRESIDENT
  • DAVID BROWN — DIRECTOR
  • ERIKA BRANDT — ASSISTANT SECRETARY
  • MONSIGNOR KEVIN SULLIVAN — DIRECTOR
  • WILLIAM WHISTON — 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.

  • Program-Related Investments for Affordable Housing
    methodology: housing_first
    By deploying program-related investments, we finance the development of low-income housing and related facilities, thereby generating economic and social benefits for low- and moderate-income populations, the elderly, and persons with disabilities because access to stable, affordable housing improves long-term well-being and community integration.