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MHANY 2012 II HOUSING DEVELOPMENT FUND CORPORATION
BROOKLYN, NY · EIN 455133701 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Small ($100K-$1M)
revenue
$350K
expenses
$578K
net assets
$-1.2M
employees
0
volunteers
3
program ratio
92%
mission · from form 990

DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

profile · synthesized from sources

MHANY 2012 II HOUSING DEVELOPMENT FUND CORPORATION is a nonprofit organization based in New York that develops affordable housing projects for low-income individuals. The organization focuses on creating sustainable housing solutions through nonprofit development initiatives. Its mission is aligned with expanding access to safe and affordable shelter in underserved communities.

named programs · 1 · from sources

What they call their work

Affordable Housing Development
Develops and manages housing projects for low-income residents in Brooklyn, NY, using nonprofit development models and public funding mechanisms
activities · 1 group

What they do

  • Affordable Housing Development and Management 1 activity
    • Develops affordable housing projects for low-income individuals
      Develops housing projects on a nonprofit basis specifically for low-income individuals, providing affordable housing solutions.
financials · form 990 · fy2024
revenue
Total revenue$350K
Contributions & grants$00%
Program service revenue$347K99%
Investment income$410%
Other revenue$3K
expenses
Total expenses$578K
Program expenses92%
Admin / overhead8%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$5.78M
Cash$7K
Investments$0
Liabilities$6.99M
Net assets$-1.21M
Liquid reserves0.1 mo
4 years on record · 2020–2024 · YoY revenue -12.7%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • DERRICK OWENS — PRESIDENT
  • JENNY PACHECO — TREASURER
  • NATALIE BROWN — SECRETARY
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.