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CROTON HOUSING NETWORK INC

CROTONONHUDSON, NY · EIN 133505123 · Form 990 · FY2024 · Small ($100K-$1M) · crotonhousing.org
revenue
$279K
expenses
$219K
net assets
$2.3M
employees
0
volunteers
8
program ratio
87%
mission · from form 990

TO PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW-INCOME FAMILIES IN THE VILLAGE OF CROTON-ON-THE-HUDSON.

profile · synthesized from sources

Croton Housing Network Inc is a nonprofit developer providing affordable housing to low- and moderate-income families in Croton-on-Hudson, New York. Since the 1990s, it has partnered with the Village government to create townhouses, rental apartments, and condominiums, focusing on seniors and first-time homebuyers. The organization relies on public-private partnerships, government grants, and tax credits to fund development and maintain affordability.

named programs · 6 · from sources

What they call their work

Bank Street Townhouses
Four three-bedroom townhouses sold to first-time homebuyers earning up to 80% of county median income, with resale restrictions to maintain affordability
Brook Street Home
A redeveloped property with an owner-occupied three-bedroom unit (income up to 80% median) and a one-bedroom rental unit (income up to 60% median)
Discovery Cove
Four one-bedroom affordable rental condominiums for seniors aged 65 and older, developed as part of a larger housing project with rent limits around $500–$1,000/month
Mount Airy Woods
12 rental units including one-, two-, and three-bedroom apartments for low- and moderate-income families with income limits at 50%, 60%, or 80% of Westchester County median income
Symphony Knoll
12 one-bedroom affordable rental apartments for seniors aged 55 and older, with income limits at 50% or 60% of median income
West Wind Homes
Two single-family homes sold as affordable housing to local families with income limits, developed through a land donation agreement
activities · 3 groups

What they do

  • Housing Policy Advocacy & Tenant Organizing 1 activity
    • Advocacy for inclusion and expansion of affordable housing in local developments
      Engages in advocacy with local planning authorities to secure and expand affordable housing requirements in private and public developments, including successfully advocating for the increase of affordable units at Discovery Cove from two to four, securing long-term affordability covenants, and ensuring affordability provisions were maintained under new developer ownership through County HOME program agreements.
  • Affordable Housing Development and Management 1 activity
    • Development and operation of affordable rental housing for low-income families and seniors
      Develops, owns, and operates affordable rental housing units in Croton-on-Hudson, including 12 one-bedroom senior apartments at Symphony Knoll, 12 mixed-size rental units at Mt. Airy Woods, and four one-bedroom senior units at Discovery Cove. Maintains long-term affordability through income-based restrictions and adherence to County High HOME limits, with monthly rents ranging from $500 to $2,427 depending on location and family size.
  • Affordable Home Construction & Rehabilitation 1 activity
    • Development and sale of affordable homeownership units for low- and moderate-income households
      Develops and sells affordable homes—including townhouses, single-family houses, and multi-unit properties—to qualifying low-income and first-time homebuyers in Croton-on-Hudson. Examples include four three-bedroom townhouses sold at $76,000 each to households earning up to $45,000 annually, two homes sold at cost ($135,000 each), and implementation of restricted resale agreements to ensure long-term affordability.
financials · form 990 · fy2024
revenue
Total revenue$279K
Contributions & grants$00%
Program service revenue$232K83%
Investment income$47K17%
Other revenue$30
expenses
Total expenses$219K
Program expenses87%
Admin / overhead13%
Fundraising0%
Salaries & benefits$542
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$2.53M
Cash$358K
Investments$0
Liabilities$273K
Net assets$2.26M
Liquid reserves19.6 mo
4 years on record · 2020–2024 · YoY revenue -0.9%
leadership · form 990 part vii · fy2024

Who runs it

board members · 5
  • ELLEN ELDRED — DIRECTOR
  • JEANNE SHAW — DIRECTOR
  • KATHLEEN MITCHELL — DIRECTOR
  • NANCE SHATZKIN — PRESIDENT & TREASURER
  • PATRICIA CUNNINGHAM — VICE PRESIDENT
relationships · 20

Who they work with

  • Community Preservation Corporation Funder — Provided the mortgage financing for the Croton Housing Network units at Discovery Cove.
  • Federal HOME program Funder — Provided federal funding for the Mount Airy Woods project.
  • Housing Action Council Partner — Provided professional support during the development of Mount Airy Woods.
  • Housing Action Council Partner — Provided technical consulting and guidance during early development projects.
  • Leviticus Fund Funder — Supported the Brook Street redevelopment project
  • New York State Affordable Home Ownership Program Funder — Provided funding for the development of the Bank Street townhouses.
  • Ossining's Interfaith Council for Action (IFCA) Partner — Managed rental properties for CHN in the early years.
  • Planning Board Government — Worked with the Planning Board to fulfill affordable housing requirements for single-family home developers.
  • Village of Croton Partner — Collaborates with the Croton Housing Network on a public/private model for affordable housing development.
  • Village of Croton-on-Hudson Government — Provided land for the Bank Street affordable homeownership project.
  • Village of Croton-on-Hudson Partner — Longstanding municipal partner that provides land, policy support, and collaborates on affordable housing development.
  • WestHab Partner — Current property management and tenant services provider for CHN’s rental units.
  • WestHab Partner — Provides property management services for Croton Housing Network's affordable housing projects.
  • Westchester County Government — Provided housing infrastructure funds and Community Development Block Grant support for the Bank Street project.
  • Westchester County Government — Provided partial funding for Discovery Cove affordable housing units through the HOME program.
  • Westchester County Government — Uses Westchester County's median income data to set income limits for affordable housing eligibility.
  • Westchester County Community Development Block Grant Funder — Provided Community Development Block Grant funding for the Mount Airy Woods project.
  • Westchester County Department of Planning Government — Provided planning support for the Mount Airy Woods development.
  • Westchester County HOME Assistance Partnership Funder — Provided funding for demolition and redevelopment on Brook Street
  • Westchester County Housing Infrastructure Funds Funder — Provided county-level funding for the Mount Airy Woods project.
strategies · 5

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.