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FILOMENA GARDENS HOUSING DEVELOPMENT FUND COMPANY INC

BRONX, NY · EIN 133975116 · Form 990 · FY2024 · NTEE P80 · Human Services · Small ($100K-$1M)
revenue
$831K
expenses
$1.4M
net assets
$-5.0M
employees
2
program ratio
93%
mission · from form 990

PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.

profile · synthesized from sources

Provides affordable housing for elderly and disabled individuals in the Bronx, New York. Operates under Section 202 of the Federal Housing Act of 1959, focusing on supportive residential services. The organization functions as a housing development fund company, specializing in federally assisted housing for vulnerable populations.

named programs · 1 · from sources

What they call their work

Supportive Housing for Elderly and Disabled
Provides affordable, federally assisted residential units under Section 202 of the Federal Housing Act of 1959, including supportive services and property management
activities · 1 group

What they do

  • HUD Section 202 Senior Housing 1 activity
    • Provides affordable housing for elderly and handicapped individuals
      Operates housing units for elderly and handicapped individuals under Section 202 of the Federal Housing Act of 1959, offering long-term, subsidized residential accommodations.
financials · form 990 · fy2024
revenue
Total revenue$831K
Contributions & grants$00%
Program service revenue$818K99%
Investment income$12K1%
Other revenue$0
expenses
Total expenses$1.44M
Program expenses93%
Admin / overhead7%
Fundraising0%
Salaries & benefits$137K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$3.90M
Cash$5K
Investments$0
Liabilities$8.95M
Net assets$-5.05M
Liquid reserves0.0 mo
3 years on record · 2020–2024 · YoY revenue +2.4%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
SALVATORE GIGANTE VICE PRESIDENT 1 $250K
SONAL SHAH CONTROLLER 1 $145K
ANGELA DAVIS FARRISH CHIEF EXECUTIVE DIRECT 1 $35K
board members · 2
  • ENRICO BOCCIA — CHAIR
  • EVELYN VELAZQUEZ — TREASURER/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.

  • Supportive Housing for Vulnerable Populations
    methodology: housing_first
    By leveraging federal Section 202 funding to provide affordable housing, the organization addresses the core needs of elderly and disabled individuals, improving stability and well-being because access to secure, subsidized housing reduces financial and health-related stressors.