irs program accomplishments · form 990 part iii · fy2022
What they reported doing
- #1 primary $2.68MTHE ORGANIZATION PROVIDES CLEAN, SAFE HOUSING FOR THE ELDERLY AND DISABLED IN THE BRONX, NEW YORK.
named programs · 3 · from sources
What they call their work
Affordable Housing Development
Develops and manages approximately 1,300 units of affordable housing for low-income, elderly, and disabled residents in the Bronx.
HOB II Management (Co-ops)
Manages housing cooperative units in the Bronx, promoting resident ownership and community stewardship.
Social Services Program
Provides educational, occupational, and social programs to enhance self-esteem, self-reliance, and community ownership among residents.
activities · 2 groups
What they do
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Affordable Housing Development and Management 2 activities
- Manages housing cooperatives in the BronxManages housing cooperatives through its subsidiary HOB II Management.
- Owns and manages affordable housing units in the BronxOwns approximately 1,300 units of affordable housing in the Bronx and manages rental units through its subsidiary Grenadier Realty.
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Community Resource Navigation and Support Services 1 activity
- Provides resident support servicesOperates a Social Service Office to support residents, including elderly and disabled individuals, with housing stability and well-being in the Bronx, New York.
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financials · form 990 · fy2022
revenue
Total revenue$4.23M
Contributions & grants$42K1%
Program service revenue$4.01M95%
Investment income$2K0%
Other revenue$176K
expenses
Total expenses$3.92M
Program expenses84%
Admin / overhead16%
Fundraising0%
Salaries & benefits$635K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$21.35M
Cash$1.02M
Investments$1.03M
Liabilities$16.93M
Net assets$4.42M
Liquid reserves6.3 mo
2 years on record · 2020–2022 · YoY revenue +8.3%
leadership · form 990 part vii · fy2022
Who runs it
paid leadership · 5
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| JEAN BONHOMME | CONTROLLER | 20 | $114K |
| ANTHONY LYNCH | EXECUTIVE DI | 20 | $108K |
| STEVEN SELTZER | EXECUTIVE DI | 20 | $82K |
| JASON BOROFF | VICE CHAIR/T | — | $30K |
| JOAN TRANI | BOARD MEMBER | — | $15K |
board members · 4
- EVELYN VELAZQUEZ — SECRETARY
- JOSEFA SANTOS — BOARD MEMBER
- SALVATORE GIGANTE — TREASURER
- VALERIE TORRES — CHAIRPERSON
relationships · 3
Who they work with
- foundations Funder — Works with foundations to secure financial and technical support for affordable housing and community programs.
- government agencies Government — Collaborates with government agencies to secure financial and technical support for community development.
- private enterprises Partner — Partners with private enterprises to obtain financial and technical support for community 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.
- Community Empowerment Through Partnershipsmethodology: community_empowerment_through_partnershipsBy partnering with government agencies, foundations, and private enterprises, we secure financial and technical resources that enable community residents and tenants to gain greater control over their housing and neighborhood conditions, because collaborative alliances amplify resident agency and expand access to capital and expertise.
- Targeted Community Housing for Low-Income Populationsmethodology: targeted_community_housingBy providing housing and supportive services specifically designed for low-income residents in the South Bronx, we address systemic inequities in housing access, because geographically and demographically focused interventions ensure that the most vulnerable populations receive tailored, accessible, and sustainable housing solutions.