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2247 WEBSTER AVENUE HDFCINC
BRONX, NY · EIN 133810909 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Small ($100K-$1M)
revenue
$327K
expenses
$376K
net assets
$927K
employees
0
program ratio
81%
mission · from form 990

TO PROVIDE LOW INCOME TO MODERTAE INCOME HOUSING OPPORTUNITIES FOR THE COMMUNITY

profile · synthesized from sources

2247 Webster Avenue HDFC Inc. is a housing corporation based in the Bronx, New York, established to provide affordable housing opportunities for low- to moderate-income individuals and families. The organization operates as a housing development fund company, focusing on community-based residential support through property management and occupancy programs. Its mission centers on increasing access to stable, income-restricted housing.

named programs · 1 · from sources

What they call their work

Affordable Housing Management
Manages residential units at 2247 Webster Avenue, providing long-term, income-restricted housing for qualifying tenants in the Bronx
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$327K
Contributions & grants$00%
Program service revenue$313K96%
Investment income$14K4%
Other revenue$0
expenses
Total expenses$376K
Program expenses81%
Admin / overhead19%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$1.01M
Cash$814K
Investments$0
Liabilities$86K
Net assets$927K
Liquid reserves26.0 mo
4 years on record · 2020–2024 · YoY revenue -3.7%
leadership · form 990 part vii · fy2024

Who runs it

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

  • Providing affordable housing to support community stability
    methodology: affordable_housing_development
    By developing and offering affordable housing, the organization aims to ensure access to shelter and promote long-term community stability, because stable housing is foundational to individual and neighborhood well-being.