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2249 WEBSTER AVENUE HDFCINC
BRONX, NY · EIN 133810911 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Small ($100K-$1M)
revenue
$336K
expenses
$359K
net assets
$635K
employees
0
program ratio
80%
mission · from form 990

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

profile · synthesized from sources

2249 Webster Avenue HDFC Inc. is a housing corporation based in the Bronx, NY, dedicated to providing affordable housing opportunities for low- to moderate-income individuals and families. As a nonprofit housing development fund corporation, it owns and manages residential properties to support community stability and economic diversity in its local area.

named programs · 1 · from sources

What they call their work

Affordable Housing Management
Owns and operates multifamily residential buildings at 2249 Webster Avenue and surrounding addresses in the Bronx, providing rent-restricted units to income-qualified tenants
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$336K
Contributions & grants$00%
Program service revenue$331K98%
Investment income$5K2%
Other revenue$0
expenses
Total expenses$359K
Program expenses80%
Admin / overhead20%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$726K
Cash$342K
Investments$0
Liabilities$91K
Net assets$635K
Liquid reserves11.4 mo
4 years on record · 2020–2024 · YoY revenue -2.4%
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
    By offering affordable housing to low- and moderate-income individuals and families, the organization promotes long-term community stability because stable housing reduces displacement, fosters neighborhood cohesion, and supports economic resilience.