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ST MARGARET'S HOUSE HOUSING DEVELOPMENT FUND CORPORATION

NEW YORK, NY · EIN 132947394 · Form 990 · FY2024 · NTEE L210 · Housing & Shelter · Large ($10M-$50M) · smhnyc.org
revenue
$12.2M
expenses
$10.6M
net assets
$-31.7M
employees
12
volunteers
25
program ratio
89%
mission · from form 990

PROVIDES HOUSING SERVICES TO LOW INCOME OLDER ADULTS AND DISABLED PERSONS WITH MOBILITY IMPAIRMENTS.

profile · synthesized from sources

St. Margaret's House provides affordable, independent living housing for low-income older adults and mobility-impaired individuals in lower Manhattan. Operating under HUD's Section 8 program, it offers 249 units with rent set at 30% of tenants' adjusted income, along with common spaces and community activities. The building promotes dignity, social engagement, and accessibility, particularly for elderly and disabled residents.

named programs · 4 · from sources

What they call their work

Community Room Rentals
Makes community spaces available for rent to nonprofit organizations, supporting intergroup collaboration and community outreach in lower Manhattan.
Reasonable Accommodations Program
Provides policy modifications and accessibility support for tenants with disabilities, including adjustments to building policies or procedures upon request.
Resident Wellness and Community Activities
Offers weekly programs including exercise classes (yoga, tai chi, aerobics), painting, dancing, and movie nights to promote social engagement and counter isolation among residents.
Section 8 Affordable Housing
Provides rent-subsidized, independent living apartments for low-income seniors and disabled individuals, with rent calculated as 30% of adjusted income under HUD guidelines.
activities · 7 groups

What they do

  • Disaster Relief and Recovery Services 1 activity
    • Delivering emergency support during community crises
      Provided emergency refreshment and comfort to evacuees on Fulton Street immediately following the 9/11 attacks, demonstrating crisis response capacity.
  • Intergenerational Connection Programs 1 activity
    • Facilitating intergenerational and community engagement activities
      Hosts intergenerational visits with children from nearby schools and has served as a designated polling site for the NYC Board of Elections for local, state, and federal elections, strengthening community ties.
  • Luxury Senior Living Communities 1 activity
    • Maintaining communal and accessible amenities for residents
      Maintains an atrium with a waterfall and garden accessible to residents daily, along with coin-operated laundry facilities and a first-floor library with computers available for tenant use.
  • Senior Social & Enrichment Programming 1 activity
    • Offering resident enrichment programs and recreational activities
      Offers weekly programs including tai chi, aerobic exercise, yoga, painting classes, ballroom dancing, dancing events, and movie nights for residents since 2016, fostering community engagement and wellness.
  • Affordable Housing Development and Management 1 activity
    • Operating affordable housing units for seniors and mobility-impaired individuals
      Operates a 249-unit affordable housing building in lower Manhattan for low-income older adults (62+) and disabled persons with mobility impairments, including 226 one-bedroom and 23 two-bedroom units, 19 of which are one-bedroom and 12 two-bedroom units adapted for accessibility. Eligibility is determined under HUD Section 8 guidelines using HUD-regulated tenant screening criteria.
  • Healthcare Workforce Training & Career Pathways 1 activity
    • Partnering with academic institutions to enhance resident health services
      Collaborated with Pace University’s Lienhard School of Nursing to increase health supports for residents and provide clinical training opportunities for nursing students, enhancing on-site health capacity.
  • Supportive and Emergency Housing Services 1 activity
    • Providing supportive services and daily living support to residents
      Provides day-to-day support and services to ensure the safety, well-being, and comfort of residents, contributing to a high quality of living in a supportive housing environment maintained continuously for nearly 30 years.
financials · form 990 · fy2024
revenue
Total revenue$12.15M
Contributions & grants$2K0%
Program service revenue$11.57M95%
Investment income$573K5%
Other revenue$7K
expenses
Total expenses$10.63M
Program expenses89%
Admin / overhead11%
Fundraising0%
Salaries & benefits$1.27M
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$32.15M
Cash$11.14M
Investments$1.16M
Liabilities$63.84M
Net assets$-31.70M
Liquid reserves13.9 mo
4 years on record · 2020–2024 · YoY revenue +5.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
CLAIRE GUERETTE EXECUTIVE DIRECTOR 40 $253K
EZRA EBANKS CONTROLLER 40 $144K
board members · 22
  • CHRISTIAN B HYLTON — BOARD MEMBER (UNTIL 4/2/24)
  • CHRISTOPHER MANN — BOARD MEMBER
  • DAVID HUMPHREVILLE — BOARD MEMBER (UNTIL 4/2/24)
  • GABRIELLE SULZBERGER — BOARD MEMBER (UNTIL 4/2/24)
  • GAYLE ROBINSON — BOARD MEMBER
  • HILARY PENNINGTON — BOARD MEMBER
  • JOEL MOTLEY — BOARD MEMBER
  • JOHN G TALTY — BOARD MEMBER
  • LYNNE JORDAL MARTIN — BOARD MEMBER
  • MARTEZ R MOORE — BOARD MEMBER
  • MATTHEW KNISELY PRES FROM — 4/10/24) VP/SEC,TREAS (UNTIL 4/9/24)
  • NATHANIEL F ROGERS — BOARD MEMBER
  • PATRICIA GRAUE — BOARD MEMBER
  • PETER D BARBEY — BOARD MEMBER
  • SHARON HARDY — BOARD MEMBER
  • SUSAN H HEWITT — PRESIDENT (UNTIL 4/2/24)
  • SUSAN HINKSON-CARLING — VP & TREASURER (FROM 4/10/24)
  • SUSAN K JANSEN — BOARD MEMBER
  • SUSAN WARD — BOARD MEMBER
  • T DENNIS SULLIVAN — BOARD MEMBER
  • TIM F WRAY — BOARD MEMBER (UNTIL 4/2/24)
  • WILLIAM WRIGHT II — BOARD MEMBER
relationships · 13

Who they work with

  • Board of Directors Partner — Responsible for the overall governance of St. Margaret's House.
  • HUD Government — Follows HUD guidelines for tenant screening and income eligibility.
  • LeadingAge Network — Member of a professional association of nonprofit aging services providers
  • LeadingAge New York Network — Member of a professional association of nonprofit aging services providers in New York
  • NYC Board of Elections Government — Designates St. Margaret's House as an official polling site for elections.
  • Occupancy and Housing Compliance Office Partner — Office responsible for processing reasonable accommodation requests for tenants and applicants with disabilities.
  • Pace University’s Lienhard School of Nursing Partner — Collaborates to deliver enhanced health services for residents and provide experiential learning for nursing students.
  • Trinity Church Partner — Partner in the development of St. Margaret's House, under whose vision and guidance the organization was established.
  • Trinity Church Partner — Sponsor of St. Margaret's House
  • Trinity Church Partner — Was intimately involved in daily activities at St. Margaret's House in earlier years.
  • U.S. Department of Housing and Urban Development Government — Provides Section 8 rent subsidies for all residents
  • US Department of Housing and Urban Development Government — Operates housing program under HUD Section 8 guidelines.
  • US Department of Housing and Urban Development Government — Provided funding for the development of St. Margaret's House.
strategies · 4

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.

  • Community Integration Through Shared Civic Space
    methodology: community_anchor_model
    By operating as a community anchor and inviting nonprofit groups to use residential facilities for meetings, the organization strengthens neighborhood ties and fosters mutual engagement because shared civic space breaks down institutional barriers and builds reciprocal relationships between residents and the broader community.
  • Dementia-Supportive Village Model
    methodology: village_model_for_dementia_care
    By designing a physical environment and staffing model that mimics a supportive village setting, the organization prevents wandering and supports social engagement for residents with dementia because environmental integration and trained staff presence enable autonomy while ensuring safety.
  • Supportive Housing with Integrated Safety and Community Engagement
    methodology: supportive_housing
    By combining affordable, disability-accessible housing with on-site amenities, 24-hour security, and resident-centered operations, the organization promotes safety, dignity, and independence because continuous support and professional management reduce isolation and enhance well-being for seniors and disabled residents.
  • Targeted Affordable Housing for Vulnerable Populations
    methodology: targeted_affordable_housing
    By prioritizing housing access for low-income older adults and individuals with mobility impairments through eligibility criteria and accessible unit design, the organization increases housing stability and independence for high-need populations because targeted allocation ensures resources reach those most at risk of displacement or institutionalization.