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1055 COLLEGE AVENUE HDFC CORP
BRONX, NY · EIN 133998578 · Form 990 · FY2023 · NTEE L20 · Housing & Shelter · Small ($100K-$1M)
revenue
$327K
expenses
$319K
net assets
$832K
employees
0
program ratio
80%
mission · from form 990

TO PROVIDE LOW INCOME TO MODERATE INCOME HOUSING OPPORTIUNITIES FOR THE COMMUNITY

profile · synthesized from sources

1055 College Avenue HDFC Corp is a housing corporation based in the Bronx, NY, established to provide affordable housing opportunities for low- to moderate-income individuals and families. The organization operates as a limited-profit housing company under the HDFC (Housing Development Fund Corporation) model, which was created by the City of New York to promote community-controlled affordable housing. Its mission centers on long-term affordability and resident stewardship.

named programs · 1 · from sources

What they call their work

Affordable Housing Management
Manages and maintains affordable housing units at 1055 College Avenue in the Bronx, ensuring long-term occupancy for low- to moderate-income residents under HDFC bylaws and regulatory agreements
activities · 1 group

What they do

  • Low- to Moderate-Income HDFC Housing 1 activity
    • affordable housing management inferred
      Provides long-term affordable housing for low- to moderate-income residents through stewardship under the HDFC model.
      This organization’s public records don’t describe its work in enough detail to extract activities, so this entry is a cautious inference from limited available metadata.
financials · form 990 · fy2023
revenue
Total revenue$327K
Contributions & grants$00%
Program service revenue$324K99%
Investment income$3K1%
Other revenue$0
expenses
Total expenses$319K
Program expenses80%
Admin / overhead20%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$899K
Cash$669K
Investments$0
Liabilities$67K
Net assets$832K
Liquid reserves25.1 mo
4 years on record · 2020–2023 · YoY revenue +8.2%
leadership · form 990 part vii · fy2023

Who runs it

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