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163 WEST 170TH STREET HDFC INC

BRONX, NY · EIN 133864833 · Form 990 · FY2024 · NTEE L22 · Housing & Shelter · Small ($100K-$1M)
revenue
$592K
expenses
$581K
net assets
$2.6M
employees
0
program ratio
83%
mission · from form 990

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

profile · synthesized from sources

163 West 170th Street HDFC Inc is a housing development corporation in New York State focused on providing affordable housing opportunities for low- to moderate-income individuals and families. The organization operates as a limited-profit housing cooperative, supporting community stability through homeownership and rental programs. Its mission centers on long-term housing access in underserved neighborhoods.

named programs · 2 · from sources

What they call their work

Affordable Homeownership Program
Provides limited-equity cooperative housing units to low- and moderate-income residents, enabling affordable homeownership with resale restrictions to maintain long-term affordability.
Rental Housing Program
Manages rental apartments designated for income-qualified tenants, operating under HDFC regulations to ensure long-term affordability and tenant stability.
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$592K
Contributions & grants$00%
Program service revenue$578K98%
Investment income$14K2%
Other revenue$0
expenses
Total expenses$581K
Program expenses83%
Admin / overhead17%
Fundraising0%
Salaries & benefits$16K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$2.70M
Cash$1.98M
Investments$0
Liabilities$123K
Net assets$2.58M
Liquid reserves40.9 mo
4 years on record · 2020–2024 · YoY revenue +0.4%
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.

  • Affordable Housing for Community Stability
    methodology: housing_first
    By providing affordable housing to low- and moderate-income individuals and families, the organization promotes long-term community stability because stable housing reduces displacement and supports economic resilience.