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AHRC DEVELOPMENT INC
NEW YORK, NY · EIN 133131470 · Form 990EZ · FY2023 · Small ($100K-$1M)
revenue
$139K
expenses
$184K
net assets
$-1.4M
employees
—
mission · from form 990

AHRC DEVELOPMENT'S PRIMARY EXEMPT MISSION IS TO SUPPORT THE CHARITABLE MISSION OF ITS PARENT ORGANIZATION, NYSARC, INC. BY OPERATING A 12 UNIT RESIDENTIAL PROJECT FOR THE ELDERLY AND/OR DISABLED PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.

profile · synthesized from sources

AHRC DEVELOPMENT INC supports its parent organization, NYSARC, Inc., by operating a 12-unit residential project for low-income elderly and/or disabled individuals in New York. The organization addresses a critical lack of adequate housing for these populations. Its mission is focused on providing stable residential support where alternatives are insufficient.

named programs · 1 · from sources

What they call their work

12-Unit Residential Project
Provides affordable, supportive housing for low-income elderly and/or disabled individuals in New York City, addressing unmet housing needs through a dedicated residential facility
activities · 1 group

What they do

  • Low-Income Senior Housing Operations 1 activity
    • Operates residential housing for low-income elderly and disabled individuals
      Manages a 12-unit residential project providing housing for low-income elderly and/or disabled individuals.
financials · form 990EZ · fy2023
revenue
Total revenue$139K
Contributions & grants$98K70%
Program service revenue$42K30%
Investment income$230%
Other revenue—
expenses
Total expenses$184K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits—
Grants paid out—
balance sheet
Total assets$253K
Cash—
Investments—
Liabilities—
Net assets$-1.39M
4 years on record · 2020–2023 · YoY revenue +2.3%
relationships · 1

Who they work with

  • NYSARC, INC. Partner — Supports the charitable mission of NYSARC, Inc. through residential housing operations.
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 Model
    methodology: supportive_housing
    By providing affordable residential housing specifically for low-income elderly and disabled individuals, we address critical housing instability, because stable housing is foundational to health and well-being, particularly for vulnerable populations with limited resources.