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ERMA CAVA HOUSING DEVELOPMENT FUND COMPANY INC

BRONX, NY · EIN 133073995 · Form 990 · FY2024 · NTEE L22Z · Housing & Shelter · Small ($100K-$1M)
revenue
$700K
expenses
$817K
net assets
$-1.5M
employees
2
program ratio
94%
mission · from form 990

PROVIDE AFFORADABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.

profile · synthesized from sources

Provides affordable housing for elderly and disabled individuals in the Bronx, New York, under Section 202 of the Federal Housing Act of 1959. The organization owns and operates supportive housing properties designed to serve low-income seniors and people with disabilities. It functions as a nonprofit housing developer with a focus on federally assisted housing programs.

named programs · 2 · from sources

What they call their work

Housing for People with Disabilities
Provides affordable and accessible housing units for individuals with physical and developmental disabilities
Supportive Housing for the Elderly
Develops and manages affordable, accessible housing units for low-income seniors under HUD's Section 202 program
activities · 1 group

What they do

  • HUD Section 202 Senior Housing 1 activity
    • Provides affordable housing for elderly and handicapped individuals
      Operates housing units for elderly and handicapped individuals under Section 202 of the Federal Housing Act of 1959.
financials · form 990 · fy2024
revenue
Total revenue$700K
Contributions & grants$00%
Program service revenue$700K100%
Investment income$1930%
Other revenue$0
expenses
Total expenses$817K
Program expenses94%
Admin / overhead6%
Fundraising0%
Salaries & benefits$69K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$726K
Cash$0
Investments$0
Liabilities$2.22M
Net assets$-1.49M
Liquid reserves0.0 mo
4 years on record · 2020–2024 · YoY revenue -2.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
SALVATORE GIGANTE VICE PRESIDENT 1 $250K
SONAL SHAH CONTROLLER 1 $145K
ANGELA DAVIS FARRISH EXECUTIVE DIRECTOR 1 $35K
board members · 2
  • ENRICO BOCCIA — CHAIR
  • EVELYN VELAZQUEZ — TREASURER/SECRETARY
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.

  • Leveraging Federal Housing Programs for Vulnerable Populations
    methodology: housing_first
    By utilizing federal Section 202 program funding, we provide affordable housing for elderly and handicapped individuals, because structured government-supported housing policy enables sustainable, targeted support for those most in need.