named programs · 2 · from sources
What they call their work
Affordable Housing Development
Acquires, rehabilitates, and manages residential properties to create and preserve affordable housing units for low- and moderate-income residents in New York City
Community Stabilization Initiative
Works to prevent and eliminate blight by developing and managing housing projects that contribute to the long-term revitalization and stability of urban neighborhoods
activities · 2 groups
What they do
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Affordable Housing Development and Management 1 activity
- Develops and preserves affordable housingPreserves and creates affordable housing projects for low- and moderate-income individuals in New York City.
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Neighborhood Revitalization Initiatives 1 activity
- Prevents blight and promotes community stabilizationWorks to prevent and eliminate blight and promote community stabilization in New York City.
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financials · form 990 · fy2024
revenue
Total revenue$1.18M
Contributions & grants$00%
Program service revenue$1.00M85%
Investment income$106K9%
Other revenue$74K
expenses
Total expenses$7.03M
Program expenses95%
Admin / overhead5%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$231.48M
Cash$14.27M
Investments$0
Liabilities$244.65M
Net assets$-13.18M
Liquid reserves24.4 mo
4 years on record · 2020–2024 · YoY revenue +107.7%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| SALVATORE D'AVOLA | ASSISTANT SECRETARY | 5 | $301K |
board members · 5
- HAROLD SHULTZ — PRESIDENT
- KIMBERLY DARGA — DIRECTOR
- MICHAEL WADMAN — VICE PRESIDENT
- TATIANA PENA — SECRETARY
- VICTORIA ROWE BARRECA — TREASURER
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.
- Affordable Housing Development for Low- and Moderate-Income Residents 52 orgsmethodology: affordable-housing-developmentBy developing and preserving affordable housing, the organization produces stable and accessible housing options for low- and moderate-income residents, because dedicated nonprofit ownership prevents market-driven displacement and ensures long-term affordability.shared approach: Strategic Land Reutilization →
- Community Stabilization through Blight Elimination 52 orgsmethodology: community-stabilization-through-blight-eliminationBy eliminating blight, the organization produces neighborhood stabilization, because removing deteriorated or abandoned properties reduces crime, increases property values, and encourages investment and resident retention.shared approach: Strategic Land Reutilization →