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BELMONT ARTHUR AVENUE LDC

BRONX, NY · EIN 133020589 · Form 990 · FY2024 · NTEE S20Z · Community Improvement · Medium ($1M-$10M) · belmontarthur.com
revenue
$2.3M
expenses
$2.2M
net assets
$6.6M
employees
27
program ratio
65%
mission · from form 990

SPONSORS LOW AND MODERATE INCOME HOUSING PROJECTS, WHICH HELP TO CREATE HOUSING OPPORTUNITIES FOR HOME OWNERSHIP TO THE LOWER INCOME, AS WELL AS HOMELESS POPULATION.

profile · synthesized from sources

BELMONT ARTHUR AVENUE LDC is a community development corporation based in the Bronx, NY, focused on creating and preserving affordable housing for low- and moderate-income residents, including seniors and formerly homeless individuals. The organization develops, rehabilitates, and manages rental properties through city, state, and federal programs. It also led commercial revitalization efforts in the Belmont neighborhood, enhancing infrastructure and supporting local businesses.

named programs · 7 · from sources

What they call their work

Commercial Revitalization Program
Provided façade improvement grants and infrastructure upgrades to merchants along Arthur Avenue and East 187th Street
Energy Management Department
Implements weatherization, energy monitoring, and efficiency initiatives across building portfolio in compliance with NYC Local Laws
Neighborhood Ownership Works (NOW)
Manages 394 units in 15 former city-owned properties rehabilitated for low- and moderate-income rental housing
Neighborhood Redevelopment Program (NRP)
Rehabilitated 396 units across 27 buildings with financing from Low-Income Housing Tax Credits and HOME funds
Section 202 Program
Provides supportive housing for very low-income elderly through four completed projects totaling 446 units with Section 8 subsidies
Special Initiatives Program (SIP)
Developed mixed-income housing with 60% units for formerly homeless individuals; now operates under general affordability guidelines
Third Party Transfer Program
Acquires foreclosed city properties through Neighborhood Restore and rehabilitates them into affordable housing
activities · 8 groups

What they do

  • Home Repair Assistance for Low-Income Households 1 activity
    • Conducts building maintenance and repair services
      Accepts and responds to service requests for structural, electrical, plumbing, and environmental repairs in residential units, including specific services for toilets, sinks, tubs, and showers.
  • Affordable Housing Development and Management 1 activity
    • Develops and manages affordable housing for low-income and special needs populations
      Plans, constructs, and rehabilitates affordable housing units for low-income individuals, families, elderly, and special needs populations in the South Bronx, including through city partnerships and ownership programs. The organization has developed or rehabilitated 75 buildings containing approximately 2,500 affordable units and manages 394 rental units across 15 former city-owned properties.
  • Renewable Energy and Energy Efficiency Initiatives 1 activity
    • Implements energy and water efficiency improvements in buildings
      Reduces utility consumption through building envelope upgrades (insulation, weather sealing, window replacements), installation of high-efficiency fixtures, advanced water monitoring systems, and on-site cogeneration systems such as at 1201 Findlay Avenue.
  • Business Improvement District Management 1 activity
    • Leads commercial district revitalization and public space development
      Reconstructed streets, upgraded storefronts, and developed public plazas—including Columbus Plaza/D’Auria Murphy Park, Pernicone Plaza, and Frank Simeone Plaza—as part of long-term capital improvement initiatives to enhance the commercial viability and physical appearance of the Belmont retail district.
  • Low-Income Senior Housing Operations 1 activity
    • Operates senior housing facilities with supportive services
      Sponsors four federally subsidized senior independent living facilities with 444 studio and one-bedroom units, offering 24-hour security, bilingual staff, on-site social service coordinators, laundry rooms, elevators, and organized recreational and off-site activities including trips to cultural sites and parks with free transportation.
  • Public Benefits Navigation and Enrollment 1 activity
    • Provides social service and benefits assistance
      Assists community members with applications for social security, food stamps, welfare, SCRIE, HEAP, and affordable housing, along with general housing application processing requiring a $20 non-refundable fee.
  • Tenant Legal Advocacy & Support Services 1 activity
    • Provides tenant and homeowner support services
      Offers tenant counseling, rights education, code violation resolution, relocation assistance, home buyer counseling, and landlord/tenant mediation. Also provides lead remediation assistance to private property owners, including surveys and connections to low-interest loans and resources.
  • Uncategorized 1 activity
    • Funds façade and interior renovation projects for local property owners and merchants
      Awards grants totaling over $750,000 to landlords and merchants on Arthur Avenue and East 187th Street for façade and interior renovations, matching dollar-for-dollar investments to stimulate commercial revitalization.
financials · form 990 · fy2024
revenue
Total revenue$2.31M
Contributions & grants$360K16%
Program service revenue$1.13M49%
Investment income$61K3%
Other revenue$760K
expenses
Total expenses$2.21M
Program expenses65%
Admin / overhead35%
Fundraising0%
Salaries & benefits$1.78M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$6.66M
Cash$3.44M
Investments$0
Liabilities$101K
Net assets$6.56M
Liquid reserves18.7 mo
6 years on record · 2019–2024 · YoY revenue +18.5%
leadership · form 990 part vii · fy2024

Who runs it

board members · 9
  • CAMILLE ACAMPORA — MEMBER
  • CECILIA FERRO — SECRETARY
  • CONSOLATO CICCIU — EXECUTIVE DIRECTOR
  • ELIZABETH MANNINI — MEMBER
  • EVELYN IBANEZ — MEMBER
  • GIOVANNINA RUSSO — MEMBER
  • MARIA IZZO — MEMBER
  • MARILYN RAYMO — MEMBER
  • PAUL FRACASSI — CHAIRMAN
relationships · 23

Who they work with

  • Belmont Boulevard I Apartments Partner — Senior independent living facility sponsored by BAALDC.
  • Belmont Boulevard II Apartments Partner — Senior independent living facility sponsored by BAALDC.
  • City of New York Government — Funds BAALDC housing and preservation programs including NPCP, CCP, HPI, and PPP.
  • City of New York Partner — Collaborated with BAALDC on capital improvement projects in the Belmont community from 1983 to 1993.
  • City, State and Federal agencies and departments Government — Collaborates with city, state, and federal government entities to obtain funding for housing acquisition, rehabilitation, and revitalization projects.
  • Con Edison Partner — Partner through participation in Con Edison’s Multifamily Conservation Programs.
  • Council of Belmont Organizations (COBO) Partner — COBO is an affiliate organization of BAALDC that delivers direct services to the Belmont community.
  • DEP Toilet Rebate Program Partner — Partner in water conservation efforts through the Toilet Rebate Program.
  • DHCR Government — Government agency providing funding and enabling housing development and lead remediation assistance programs
  • Division of Housing and Community Renewal Government — Primary source of financial support for housing and community renewal activities
  • Findlay Teller Apartments Partner — Senior independent living facility sponsored by BAALDC.
  • Green Communities Partner — Partner in energy efficiency and conservation initiatives.
  • HPD Government — Collaborates with HPD through multiple housing programs including Neighborhood Ownership Works, Tenant Interim Lease, and Special Initiatives Program to acquire, rehabilitate, and manage affordable housing properties.
  • HPD Government — Government agency providing funding and enabling housing development and lead remediation assistance programs
  • NYSERDA Partner — Partner in energy efficiency initiatives including the Weatherization Program and Multifamily Conservation Programs.
  • Neighborhood Restore Partner — Works with Neighborhood Restore under the Third Party Transfer Program to stabilize and rehabilitate foreclosed properties for affordable housing.
  • New York City Housing Development Partner — Collaborates on preventing deterioration and abandonment of at-risk housing and on new housing construction projects.
  • New York State Department of Housing Rehabilitation Government — Received $5,791,122 in 2014 under the New York State Tax Credit Program for upgrades to 67 housing units.
  • New York State Department of Housing and Community Renewal Government — Received initial funding from NYS HCR under the Housing Trust Fund program for Crotona Park North Apartments.
  • New York State Housing Community Renewal Program Government — Provides funding to BAALDC for affordable housing development and preservation initiatives.
  • Notre Dame Apartments Partner — Senior independent living facility sponsored by BAALDC.
  • U.S. Department of Housing and Urban Development (HUD) Government — Receives capital advances and rent subsidies from HUD through the Section 202 Program to develop and operate supportive housing for low-income elderly individuals.
  • private sector Partner — Partners with private sector entities to secure funding and support for residential and commercial revitalization initiatives.
strategies · 5

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.

  • Culturally Grounded Commercial Revitalization
    methodology: cultural-based-economic-development
    By leveraging cultural identity and branding (“Little Italy in the Bronx”) alongside financial incentives for local businesses, the organization stimulates commercial district stability and growth, because culturally resonant economic development fosters community pride, attracts investment, and sustains local entrepreneurship.
  • Housing Preservation Through Public-Private Partnerships
    methodology: anti-abandonment-preservation
    By preventing housing abandonment and improving habitability in the private rental stock through public land transfers, lead remediation support, and low-interest financing for property owners, the organization stabilizes neighborhoods and maintains affordable housing supply, because proactive preservation reduces decay and incentivizes landlord investment in underserved areas.
  • Supportive Housing Design for Senior Well-being
    methodology: accessible-independent-living
    By designing accessible senior housing with independent living features and organizing social engagement activities with transportation support, the organization enhances health and quality of life for elderly residents, because physical accessibility and structured social connection reduce isolation and promote autonomy among aging populations.
  • Targeted Affordable Housing Development
    methodology: affordable-housing-development
    By developing and preserving affordable housing units specifically for low-to-moderate income, elderly, homeless, and disabled populations, the organization increases access to stable housing and prevents displacement, because targeted investment in at-risk communities addresses systemic inequities and promotes long-term neighborhood stabilization.
  • Tenant Empowerment and Rights Protection
    methodology: tenant-rights-advocacy-and-code-enforcement
    By educating tenants and supporting them in code enforcement and rent disputes, the organization improves living conditions and prevents displacement, because increasing tenant agency strengthens their ability to demand habitable conditions and resist exploitative practices in privately owned housing.