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EVERLASTING PINE HOUSING DEVELOPMENT FUND COMPANY INC
NEW YORK, NY · EIN 133218852 · Form 990 · FY2024 · NTEE L210 · Housing & Shelter · Medium ($1M-$10M)
revenue
$2.8M
expenses
$1.9M
net assets
$-3.8M
employees
0
program ratio
83%
mission · from form 990

OPERATION OF AN APARTMENT COMPLEX CONSISTING OF 87 UNITS FOR THE ELDERLY AND HANDICAPPED PERSONS OF LOW INCOME.

profile · synthesized from sources

Everlasting Pine Housing Development Fund Company Inc operates an 87-unit apartment complex in New York for low-income elderly and handicapped individuals. The organization provides affordable housing as its primary service, targeting vulnerable populations in need of stable residential support. Its mission centers on addressing housing insecurity among seniors and disabled persons with limited income.

named programs · 1 · from sources

What they call their work

Affordable Housing for Elderly and Handicapped Persons
Operation of an 87-unit apartment complex providing long-term residential housing for low-income seniors and disabled individuals in New York.
activities · 1 group

What they do

  • HUD Section 202 Senior Housing 1 activity
    • Operating affordable housing for elderly and disabled individuals
      Manages an 87-unit apartment complex providing affordable housing to low-income elderly and handicapped individuals.
financials · form 990 · fy2024
revenue
Total revenue$2.77M
Contributions & grants$2.45M88%
Program service revenue$322K12%
Investment income$3160%
Other revenue$0
expenses
Total expenses$1.91M
Program expenses83%
Admin / overhead17%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$2.99M
Cash$259K
Investments$0
Liabilities$6.84M
Net assets$-3.85M
Liquid reserves1.6 mo
6 years on record · 2019–2024 · YoY revenue +69.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
SHERMAN ENG ACTING CHAIR 10 $273K
board members · 2
  • PO-LING NG — TREASURER
  • WING MA — 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.

  • Permanent Supportive Housing for Vulnerable Populations
    methodology: supportive_housing
    By providing permanent housing combined with supportive services, the organization improves stability and well-being for elderly and handicapped low-income individuals, because this integrated approach addresses both housing insecurity and health-related vulnerabilities.