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A KORNEGAY SENIOR HOUSES HDFC

NEW YORK, NY · EIN 020533201 · Form 990 · FY2023 · NTEE L21 · Housing & Shelter · Medium ($1M-$10M)
revenue
$1.6M
expenses
$2.4M
net assets
$-8.4M
employees
4
program ratio
91%
mission · from form 990

TO PROVIDE HOUSING TO THE ELDERLY AND HANDICAPPED.

profile · synthesized from sources

A KORNEGAY SENIOR HOUSES HDFC is a housing provider based in New York that offers residential accommodations specifically for elderly and handicapped individuals. The organization operates as a Housing Development Fund Corporation (HDFC), a type of limited-equity cooperative in New York City designed to maintain affordable housing. Its mission focuses on ensuring stable, accessible housing for vulnerable populations.

named programs · 1 · from sources

What they call their work

Senior Housing Cooperative
Manages a limited-equity housing cooperative providing affordable, accessible residential units for elderly and handicapped residents in New York City
activities · 1 group

What they do

  • Low-Income Senior Housing Operations 1 activity
    • Providing affordable housing for elderly and handicapped individuals
      Offers residential housing units to elderly and handicapped individuals, ensuring safe and accessible living environments. This is the organization's primary operational activity as reported in its IRS Form 990.
financials · form 990 · fy2023
revenue
Total revenue$1.56M
Contributions & grants$1.13M72%
Program service revenue$352K23%
Investment income$23K1%
Other revenue$59K
expenses
Total expenses$2.39M
Program expenses91%
Admin / overhead10%
Fundraising0%
Salaries & benefits$299K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$4.81M
Cash$24K
Investments$0
Liabilities$13.20M
Net assets$-8.40M
Liquid reserves0.1 mo
5 years on record · 2019–2023 · YoY revenue -15.9%
leadership · form 990 part vii · fy2023

Who runs it

board members · 7
  • ANGIE ORTEGA — BOARD MEMBER
  • BLANCA MARTIR — BOARD MEMBER
  • DERRICK TAITT — VICE PRESIDE
  • DIANE SPANN — BOARD MEMBER
  • FELICIA SALIVA — SECRETARY/TR
  • FRANCES L PIMENTAL — BOARD MEMBER
  • SULEIKA CABERA DRINANE — PRESIDENT
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.

  • Targeted Housing for Vulnerable Populations
    methodology: targeted_housing
    By focusing housing provision on elderly and handicapped individuals, the organization addresses specific shelter needs of these vulnerable groups because their housing requirements are distinct and often underserved.