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144 GROVE STREET HDFC
QUEENS VILLAGE, NY · EIN 113580995 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Micro (<$100K)
revenue
$26K
expenses
$0
net assets
$273K
employees
0
mission · from form 990

THIS CORPORATION PROVIDES LOW INCOME HOUSING AND IS EXEMPT FROM TAXATION UNDER 501(C)(3) OF THE IRC.

profile · synthesized from sources

144 Grove Street HDFC is a housing corporation providing low-income housing in Queens Village, New York. As a 501(c)(3) nonprofit, it operates with a mission to offer affordable residential units to qualifying individuals and families. The organization is structured as a HDFC (Housing Development Fund Corporation), a common model for tenant-owned cooperative housing in New York City.

named programs · 1 · from sources

What they call their work

Low-Income Housing Cooperative
Manages and maintains affordable housing units at 144 Grove Street, operating under HDFC bylaws with income-restricted tenancy and tenant governance.
activities · 1 group

What they do

  • Low- to Moderate-Income HDFC Housing 1 activity
    • Provides low-income housing
      Offers affordable housing units to low-income residents. The organization operates as a housing development fund corporation (HDFC), providing long-term rental and homeownership opportunities for qualifying individuals and families in need of subsidized housing.
financials · form 990 · fy2024
revenue
Total revenue$26K
Contributions & grants$00%
Program service revenue$00%
Investment income$00%
Other revenue$26K
expenses
Total expenses$0
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$0
balance sheet
Total assets$290K
Cash$191K
Investments$0
Liabilities$16K
Net assets$273K
5 years on record · 2020–2024 · YoY revenue +1.8%
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.

  • Preservation of Affordable Housing through Nonprofit Ownership
    methodology: affordable-housing_development
    By acquiring and maintaining rental properties under a tax-exempt nonprofit structure, the organization prevents displacement and ensures long-term affordability for low-income residents, because nonprofit ownership removes profit motives and enables reinvestment of resources into housing stability.