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BELMONT BOULEVARD HDFC INC

BRONX, NY · EIN 133276883 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$1.6M
expenses
$1.5M
net assets
$-6.6M
employees
10
program ratio
89%
mission · from form 990

TO PROVIDE AFFORDABLE SUBSIDIZED HOUSING FOR SENIOR CITIZENS AND HANDICAPPED INDIVIDUALS UNDER THE SECTION 202/08 PROGRAM UNDER THE JURISDICTION OF THE U.S. DEPT OF HOUSING & URBAN DEVELOPMENT (H.U.D)

profile · synthesized from sources

BELMONT BOULEVARD HDFC INC is a New York-based nonprofit organization that provides affordable, subsidized housing for senior citizens and individuals with disabilities. The organization operates under the HUD Section 202/08 program, which supports low-income elderly and handicapped populations through federally assisted housing. Its primary mission is to maintain safe and accessible residential units in the Bronx, NY.

named programs · 1 · from sources

What they call their work

HUD Section 202/08 Affordable Housing Program
Provides subsidized, accessible housing units for low-income senior citizens and handicapped individuals in the Bronx, NY, under federal HUD oversight and funding
activities · 1 group

What they do

  • HUD Section 202 Senior Housing 1 activity
    • Operating affordable subsidized housing for seniors and individuals with disabilities
      Provides affordable, subsidized housing units for senior citizens and handicapped individuals through the HUD Section 202/08 program.
financials · form 990 · fy2024
revenue
Total revenue$1.62M
Contributions & grants$1.26M78%
Program service revenue$358K22%
Investment income$1520%
Other revenue$1K
expenses
Total expenses$1.47M
Program expenses89%
Admin / overhead11%
Fundraising0%
Salaries & benefits$202K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$1.65M
Cash$737K
Investments$0
Liabilities$8.22M
Net assets$-6.57M
Liquid reserves6.0 mo
4 years on record · 2020–2024 · YoY revenue +3.1%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • CECILIA FERRO — SECRETARY
  • CONSOLATO CICCIU — PRESIDENT
  • PAUL FRACASSI — VICE PRESIDENT
relationships · 1

Who they work with

  • U.S. Department of Housing and Urban Development Government — Housing provider operating under the HUD Section 202/08 program.