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228 EAST 46TH STREET HOUSING DEVELOPMENT FUND CORPORATION C/O MET COUNCIL

NEW YORK, NY · EIN 261264479 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Small ($100K-$1M)
revenue
$363K
expenses
$384K
net assets
$2.4M
employees
0
volunteers
3
program ratio
92%
mission · from form 990

PROVIDE SUBSIDIZED RENTAL HOUSING TO LOW INCOME INDIVIDUALS AND SENIOR CITIZENS

profile · synthesized from sources

Provides subsidized rental housing to low-income individuals and senior citizens in New York City. Operates as a housing development fund corporation with a focus on affordable housing. Affiliated with MET Council, a larger housing services organization in New York.

named programs · 1 · from sources

What they call their work

Subsidized Rental Housing
Provides affordable rental housing units to low-income individuals and senior citizens in New York City
activities · 1 group

What they do

  • Elder Care Financial Support 1 activity
    • Provides subsidized rental housing
      Offers affordable rental housing units to low-income individuals and senior citizens, as reported in IRS Form 990 filings.
financials · form 990 · fy2024
revenue
Total revenue$363K
Contributions & grants$101K28%
Program service revenue$248K68%
Investment income$1K0%
Other revenue$13K
expenses
Total expenses$384K
Program expenses92%
Admin / overhead8%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$2.87M
Cash$154K
Investments$0
Liabilities$445K
Net assets$2.42M
Liquid reserves4.8 mo
3 years on record · 2020–2024 · YoY revenue +46.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 4
NameTitleHours/wkCompensation
DAVID GREENFIELD CEO 0 $690K
PHILIP KIBEL CFO 0 $339K
ROBERT NEWMAN COO 0 $314K
ELENA SYTCHEVA CO-MANAGING DIRECTOR 0 $176K
board members · 3
  • KENNETH ECKSTEIN — SECRETARY
  • LINDA SPITZER — TREASURER
  • STACEY SCHEINBERG — 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.

  • Subsidized Housing for Stability
    methodology: subsidized_housing
    By providing subsidized rental housing, the organization produces stable living conditions for low-income individuals and senior citizens, because affordable housing reduces residential instability and supports long-term well-being.