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1490 ESTATES HOUSING DEVELOPMENT FUND CO

BUFFALO, NY · EIN 161498651 · Form 990 · FY2023 · Small ($100K-$1M)
revenue
$932K
expenses
$564K
net assets
$0
employees
0
volunteers
10
program ratio
92%
mission · from form 990

PROVIDE HOUSING FOR LOW INCOME ELDERLY PERSONS

profile · synthesized from sources

Provides housing for low-income elderly persons in Buffalo, New York. Operates as a nonprofit housing development fund company focused on affordable senior housing. The organization has approximately $1 million in annual revenue, consistent with its mission-driven, locally focused operations.

named programs · 1 · from sources

What they call their work

Elderly Housing Development
Develops and manages affordable housing units for low-income elderly individuals in Buffalo, NY, ensuring access to safe and stable residential environments
activities · 1 group

What they do

  • Low-Income Senior Housing Operations 1 activity
    • Provides housing for low-income elderly individuals
      Operates housing units specifically designated for low-income elderly individuals, offering affordable residential accommodations as a core service.
financials · form 990 · fy2023
revenue
Total revenue$932K
Contributions & grants$8K1%
Program service revenue$566K61%
Investment income$355K38%
Other revenue$3K
expenses
Total expenses$564K
Program expenses92%
Admin / overhead8%
Fundraising0%
Salaries & benefits$103K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$0
Cash$3K
Investments$0
Liabilities$87K
Net assets$0
Liquid reserves0.1 mo
3 years on record · 2020–2023 · YoY revenue +139.6%
leadership · form 990 part vii · fy2023

Who runs it

board members · 10
  • ASHLEY WASHINGTON — DIRECTOR
  • BRAD WATTS — DIRECTOR
  • CHANTELLE N BELLAMY — DIRECTOR
  • DELPHINE STALEY — TREASURER
  • GREGORY DAVIS — DIRECTOR
  • HERBERT L BELLAMY JR — PRESIDENT
  • JAMES HILL JR — DIRECTOR
  • MINNIE CLEMONS — DIRECTOR
  • PATRICK FREEMAN — DIRECTOR
  • ROBERT L ROBINSON — DIRECTOR
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.

  • Permanent Supportive Housing Model
    methodology: permanent_supportive_housing
    By providing permanent supportive housing, we address the complex needs of low-income elderly individuals, because stable housing combined with supportive services leads to improved health, safety, and long-term well-being.