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SAG HARBOR COMMUNITY HOUSING TRUST INC
SAG HARBOR, NY · EIN 262845161 · Form 990 · FY2024 · NTEE L80 · Housing & Shelter · Small ($100K-$1M)
revenue
$116K
expenses
$174K
net assets
$2.2M
employees
1
program ratio
99%
mission · from form 990

THE TRUST IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF CREATING A CUMMUNITY HOUSING TRUST TO THEREFORE ACQUIRE LAND, OWN, CONSTRUCT, REHABILITATE, LEASE, MANAGE, MAINTAIN, DEVELOP, AND OPERATE AFFORDABLE WORKFORCE HOUSING, TO PROVIDE HOWNOWNERS OR PROSPECTIVE PURCHASERS OF HOMES OR PROSPECTIVE TENANTS AND/OR LANDLORDS WITH FINANCIAL ASSISTANCE AND GUIDANCE REGARDING THE PURCHASE, FINANCING, MAINTENANCE, CONSTRUCTION OR RENT THEIR HOMES; TO PROMOTE THE DEVELOPMENT, CONSTRUCTION OR RENTAL, REHABILITATION, MANAGEMENT, MAINTENANCE, AND OPERATION OF AFFORDABLE, QUALITY WORKFORCE HOUSING THAT MEET THE NEEDS OF THE SAG HARBOR COMMUNITY.

profile · synthesized from sources

SAG HARBOR COMMUNITY HOUSING TRUST INC is a nonprofit organization based in Sag Harbor, New York, established to create and manage affordable workforce housing. The organization acquires land, constructs or rehabilitates housing units, and provides financial assistance and guidance to homebuyers, tenants, and landlords. It operates exclusively to meet the local community’s need for quality, affordable housing.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $40K
    TO BORROW FUNDS FROM GOVERNMENT AGENCIES OR PRIVATE LENDERS AND TO SECURE SUCH LOANS WITH PROPERTY OF THE CORPORATION.
  2. #2 $0
    TO ADVISE AND ASSIST QUALIFIED HOMEBUYERS, TENANTS, OR PURCHASERS OF HOMES AND TO PROVIDE PURCHASERS WITH FINANCIAL ASSISTANCE FOR THE ACQUISTION OR CREATION OF AFFORDABLE HOUSING.
named programs · 2 · from sources

What they call their work

Homeownership and Tenant Assistance
Provides financial assistance and guidance to qualified homebuyers, tenants, and prospective purchasers of affordable housing.
Workforce Housing Development
Acquires land, constructs, rehabilitates, and manages affordable housing units for the Sag Harbor community.
activities · 1 group

What they do

  • First-Time Homebuyer Support Services 1 activity
    • Advising and assisting low-income homebuyers and tenants with financial support for affordable housing
      Provides advisory and financial assistance services to qualified homebuyers, tenants, and home purchasers to support the acquisition or development of affordable housing units.
financials · form 990 · fy2024
revenue
Total revenue$116K
Contributions & grants$00%
Program service revenue$115K99%
Investment income$1K1%
Other revenue$0
expenses
Total expenses$174K
Program expenses99%
Admin / overhead1%
Fundraising0%
Salaries & benefits$42K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$2.90M
Cash$1.13M
Investments$0
Liabilities$684K
Net assets$2.21M
Liquid reserves77.7 mo
4 years on record · 2020–2024 · YoY revenue +9.4%
relationships · 2

Who they work with

  • Government agencies Government — Borrowed funds from government agencies to support housing programs.
  • Private lenders Partner — Secured loans from private lenders to support housing initiatives.
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.