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Nonprofiteer
← HABITAT FOR HUMANITY NYC FUND INC

Form 990 for tax year 2024

Filed by HABITAT FOR HUMANITY NYC FUND INC.

Totals

Total revenue
$412,222
Total expenses
$552,952
Contributions and grants received
$122,858
Grants paid
$0
Program service revenue
$276,380
Investment income
$0
Other revenue
$12,984
Total assets, end of year
$5,377,530
Total liabilities, end of year
$1,752,359
Net assets or fund balances, end of year
$3,625,171
Program services expenses (Part IX)
$451,682
Management and general expenses
$101,270
Fundraising expenses
$0
Program service expenses (Part III)
$451,682

Program services were 81.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $122,858

  • 2a · Program service revenue: LOAN FUND INTEREST INC

    total $163,668 · related or exempt $163,668

  • 2b · Program service revenue: MORTGAGE DISC. AMT.

    total $112,712 · related or exempt $112,712

  • 11a · Other revenue: MISCELLANEOUS

    total $12,984 · related or exempt $12,984

  • 11e · Other revenue, total

    $12,984

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $258,398 · program services $210,644 · management and general $47,754

  • 8 · Pension plan contributions

    total $4,537 · program services $3,712 · management and general $825

  • 9 · Other employee benefits

    total $82,069 · program services $67,148 · management and general $14,921

  • 10 · Payroll taxes

    total $24,814 · program services $20,302 · management and general $4,512

  • 11b · Fees: legal

    total $1,000 · program services $1,000

  • 11c · Fees: accounting

    total $24,550 · management and general $24,550

  • 11g · Fees: other

    total $83,888 · program services $83,888

  • 13 · Office expenses

    total $22,020 · program services $18,788 · management and general $3,232

  • 14 · Information technology

    total $10,374 · program services $7,977 · management and general $2,397

  • 16 · Occupancy

    total $9,430 · program services $7,715 · management and general $1,715

  • 17 · Travel

    total $68 · program services $68

  • 20 · Interest

    total $26,361 · program services $26,361

  • 23 · Insurance

    total $4,810 · program services $3,935 · management and general $875

  • 24a · Other expenses: STAFF TRAINING AND ED.

    total $633 · program services $144 · management and general $489

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,621,611 · end of year $1,744,038

  • 4 · Accounts receivable

    beginning of year $8,836 · end of year $9,077

  • 7 · Other notes and loans receivable

    beginning of year $3,968,306 · end of year $3,568,470

  • 15 · Other assets

    beginning of year $31,676 · end of year $55,945

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,042 · end of year $43,803

  • 19 · Deferred revenue

    beginning of year $1,064,733 · end of year $955,414

  • 23 · Secured mortgages and notes payable

    beginning of year $220,000 · end of year $220,000

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000 · end of year $500,000

  • 25 · Other liabilities

    beginning of year $76,753 · end of year $33,142

  • 27 · Net assets without donor restrictions

    beginning of year $3,765,901 · end of year $3,625,171

Mission and programs · 2024

Mission

TO PROMOTE THE COMMUNITY DEVELOPMENT AND HOMEOWNERSHIP AND TO EXPAND THE AVAILABILITY OF AFFORDABLE HOUSING BY PROVIDING FINANCING AND TECHNICAL ASSISTANCE AND OTHER EDUCATIONAL AND DEVELOPMENTAL SERVICES.

Activities or mission (Part I)

TO PROMOTE COMMUNITY DEVELOPMENT AND HOMEOWNERSHIP AND TO EXPAND THE AVAILABILITY OF AFFORDABLE HOUSING BY PROVIDING FINANCING AND TECHNICAL ASSISTANCE AND OTHER EDUCATIONAL AND DEVELOPMENTAL SERVICES.

  • THE HABITAT NYC COMMUNITY FUND (THE "FUND") IS A CDFI-CERTIFIED REVOLVING LOAN FUND THAT PROVIDES ACCESS TO AFFORDABLE, FLEXIBLE FINANCING TO THOSE WHO NEED IT MOST AND ARE MOST FREQUENTLY DENIED IT, LIKE RESIDENT-OWNED AFFORDABLE HOUSING DEVELOPMENTS AND NON-PROFIT AFFORDABLE HOUSING DEVELOPERS. A LOAN FROM THE FUND CAN HELP EXISTING AFFORDABLE HOUSING DEVELOPMENTS MAKE CAPITAL REPAIRS, PAY OFF FINES AND LIENS, STABILIZE OVERALL FINANCES AND POTENTIALLY UNLOCK ADDITIONAL CAPITAL FROM OTHER, OFTEN PUBLIC, SOURCES. THE FUND ALSO LENDS CAPITAL TO NOT-FOR-PROFIT AFFORDABLE HOUSING DEVELOPERS, INCLUDING HABITAT FOR HUMANITY OFFICES ACROSS NEW YORK STATE, WHO MAY OTHERWISE BE UNABLE TO ACCESS THE TYPE OF CAPITAL THEY NEED THROUGH TRADITIONAL FINANCING. WITH AFFORDABLE CREDIT, THESE DEVELOPERS MAKE GREAT CHANGES WITHIN THEIR COMMUNITIES, BUILDING AND PRESERVING MORE HOUSING ACROSS THE STATE. TO DATE, WE'VE CLOSED ON A TOTAL OF 24 LOANS, LENT A TOTAL OF $5.4MM AND BUILT OR PRESERVED 760 UNITS OF HOUSING.

    Expenses $451,682 · Revenue $289,364

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alexa Sewell

    BOARD MEMBER (OUTGOING)

    Total calculated
    $0
    Hours/week
    1

  • Amir Kirkwood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brain Hsu

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christie Peale

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christine McGuinness

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Father Stephen Mimnaugh Ofm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marian Zucker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Streb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mary Robinson

    BOARD MEMBER (OUTGOING)

    Total calculated
    $0
    Hours/week
    1

  • Osaze Romany

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tibita Kaneene

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christopher Illum

    SECRETARY

    Total calculated
    $187,206
    From this org
    $0
    From related orgs
    $148,215
    Other
    $38,991
    Hours/week
    4 + 31 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,215 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,433 related
    Nontaxable benefits
    $0 + $33,558 related
    Filer's total
    $0 + $187,206 related

  • Pearl Chin

    TREASURER / CFO (INCOMING)

    Total calculated
    $0
    Hours/week
    1 + 34 related

  • Steven Goldgrab

    TREASURER / CFO (OUTGOING)

    Total calculated
    $185,730
    From this org
    $0
    From related orgs
    $151,196
    Other
    $34,534
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,196 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,875 related
    Nontaxable benefits
    $0 + $32,659 related
    Filer's total
    $0 + $185,730 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3:
THE FILING ORGANIZATION DOES NOT COMPENSATE ANY OFFICER, DIRECTOR OR TRUSTEE. THE TOP OFFICIAL MANAGEMENT TEAM WAS COMPENSATED BY THE RELATED ORGANIZATION - HABITAT FOR HUMANITY NEW YORK CITY AND WESTCHESTER COUNTY, INC. (EIN: 11-2857055). THE FILING ORGANIZATION HAS ADOPTED THE POLICY FROM HABITAT FOR HUMANITY NEW YORK CITY AND WESTCHESTER COUNTY, INC. WHICH REQUIRES AN APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • HABITAT FOR HUMANITY BED STUY HOMES HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT FOR HUMANITY BED-STUY HOMES II HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT FOR HUMANITY BED-STUY HOMES III HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT FOR HUMANITY BED-STUY HOMES IV HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT FOR HUMANITY BED-STUY HOMES V HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT FOR HUMANITY BED-STUY HOMES VI HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HART LAFAYETTE HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • RALPH AVENUE I HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT QUEENS PHASE II HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT FOR HUMANITY ALMAT TILDEN STREET HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT FOR HUMANITY ST JOHNS HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT FOR HUMANITY LATENT THOMAS BOYLAND HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT FOR HUMANITY-NEW YORK INC

    501(C)(3) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT FOR HUMANITY HDFC INC

    501(C)(3) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT FOR HUMANITY DEAN STREET HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • 839 TILDEN STREET HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT PASSIVE HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT NET ZERO HOMES HDFC

    501(C)(4) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • NEW YORK CITY HABITAT FOR HUMANITY INC

    501(C)(3) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • WESTCHESTER COUNTY HABITAT FOR HUMANITY INC

    501(C)(3) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • STEVENSON HOMEOWNERSHIP HDFC

    501(C)(3) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

  • HABITAT MOSAIC HDFC

    501(C)(3) · PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. · NY

    Directly controlled by HUMANITY NYC AND WESTCHESTER

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • AG HABITAT TILDEN STREET LLC

    PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTAGES · NY

  • HABITAT LATENT LLC

    PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTAGES · NY

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349310196

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