named programs · 3 · from sources
What they call their work
Property Management
Manages over 3,700 units with services including marketing, resident screening, leasing, maintenance, tax credit compliance, accounting, and resident support programs.
Residential Development
Provides full-service residential development including site selection, feasibility analysis, funding identification, construction management, and lease-up for affordable housing projects.
Senior Housing Services
Operates multiple senior living communities for residents aged 55+ with income-based pricing, community amenities, and supportive services.
activities · 2 groups
What they do
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Affordable Housing Development and Management 3 activities
- Development and renovation of affordable housingDevelops, renovates, and refinances affordable housing projects, including comprehensive redevelopment such as the $20 million RAD-assisted renovation of Brighton Towers, historical development of over 850 senior units in partnership with the City of Rochester, creation of 516 veteran housing units, and collaboration with nonprofits to develop nearly 300 additional senior housing units, supported by $37.5 million in construction costs and $43.7 million in annual capital improvements over 25 years.
- Funding and economic impact from capital projectsGenerates significant local economic benefit through affordable housing capital projects, contributing over $200 million in local economic impact over 25 years via construction spending, PILOT payments, reversion agreement extensions, and employee compensation.
- Management of affordable housing unitsManages over 3,700 affordable housing units for seniors, families, low- and middle-income individuals, veterans, and students across Rochester, Canandaigua, Syracuse, and other Upstate New York communities, providing clean, safe, well-maintained properties with on-site resident services, routine and emergency maintenance, and service coordination.
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Uncategorized 1 activity
- Employment and workforce supportEmploys 125 full-time staff and 50 seasonal student workers, primarily based in Rochester, supporting local employment and workforce development.
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financials · form 990 · fy2023
revenue
Total revenue$11.89M
Contributions & grants$580K5%
Program service revenue$10.85M91%
Investment income$463K4%
Other revenue$0
expenses
Total expenses$12.20M
Program expenses70%
Admin / overhead30%
Fundraising0%
Salaries & benefits$10.49M
Grants paid out$872K
Largest expense lineCompensation
balance sheet
Total assets$17.69M
Cash$3.20M
Investments$4.60M
Liabilities$3.94M
Net assets$13.75M
Liquid reserves7.7 mo
5 years on record · 2019–2023 · YoY revenue +0.0%
leadership · form 990 part vii · fy2023
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MARGARET J HILL | PRESIDENT (UNTIL 1/19/24) | 20 | $283K |
| SCOTT D PROCIOUS | PRESIDENT (AFTER 1/19/24) | 20 | $150K |
board members · 7
- ALLEN WILLIAMS — DIRECTOR
- CAROL WHEELER — DIRECTOR
- JAMES A COSTANZA — VICE CHAIRMAN
- LOUIS M D'AMATO ESQ — DIRECTOR
- MARGARET BRINGEWATT — DIRECTOR
- R CARLOS CARBALLADA — DIRECTOR
- RICHARD MUELLER — CHAIRMAN
relationships · 7
Who they work with
- Brighton Towers Redev. LLC Partner — Development partner for the comprehensive renovation of Brighton Towers.
- City of Rochester Partner — Collaborated to create over 850 affordable apartments for seniors between the late 1950s and early 1970s.
- Mason Digital Partner — Technology partner that developed the organization's website.
- Mason Digital Partner — Web development partner responsible for website design and development.
- Mason Digital Partner — Website development partner
- Strong Memorial Hospital Partner — Proximity-based partnership providing residents access to healthcare services.
- local government Partner — Founded in partnership with local government to address affordable housing needs for returning WWII veterans.
strategies · 2
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.
- Collaborative Affordable Housing Developmentmethodology: municipal-partnership modelBy partnering with local businesses, nonprofits, and municipal governments, we produce greater access to affordable housing because collaborative development leverages diverse resources and community expertise to address unmet housing needs.
- Community-Centered Property Managementmethodology: community_centered_managementBy integrating property management with resident support services, we produce positive social outcomes because addressing both housing and social needs holistically improves resident stability and community well-being.