AAFE COMMUNITY DEVELOPMENT FUND INC

As filed

Subsection

03

NTEE code

L80

Classification

1200

Street

2 ALLEN ST 7FL

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• HOME OWERSHIP PROGRAM - THIS PROGRAM PROVIDES TARGETED TECHICAL ASSISTANCE TO ENHANCE HOMEOWNERSHIP FOR LOW MODERATE INCOME RESIDENTS OF NEW YORK CITY. SERVICES INCLUDE: FIRST TIME HOMEBUYER TRAINING, MORTGAGE REFERREL AND ORIGINATION, HOMEOWNERSHIP RETENTION, LANDLORD COUNSELING, AND MORTGAGE DELINQUENCY AND DEFAULT RESOLUTION.

  Expenses $390,538 · Revenue $20,500

• CDFI AND LOAN PROGRAM - THE CDFI AND LOAN PROGRAM PROVIDES AFFORTABLE FINANCING TO HELP FIRST-TIME HOME BUYERS IN NEW YORK CITY WITH THEIR DOWNPAYMENTS; THUS LOWERING THE LOAN-TO-VALUE RATIO OF THEIR PRIMARY MORTGAGE. THIS PROGAM ALSO OFFERS A RANGE OF AFFORDABLE DOWN PAYMENT, EMERGENCY REPAIR AND HOME REHABILITATION LOAN PRODUCTS.

  Expenses $306,201 · Revenue $154,598

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $673,738

  Expenses

  $739,124

  Contributions

  $315,070

  Grants paid

  $0

• 2023

  Revenue

  $859,326

  Expenses

  $721,829

  Contributions

  $556,473

  Grants paid

  $0

• 2022

  Revenue

  $687,283

  Expenses

  $637,701

  Contributions

  $346,630

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $597,615

  Expenses

  $581,655

  Assets (EOY)

  $7,541,854

• 2020 · 990

  Revenue

  $562,272

  Expenses

  $596,858

  Assets (EOY)

  $7,666,322

• 2019 · 990

  Revenue

  $475,721

  Expenses

  $698,954

  Assets (EOY)

  $7,543,344

• 2018 · 990

  Revenue

  $590,419

  Expenses

  $639,522

  Assets (EOY)

  $7,964,036

• 2017 · 990

  Revenue

  $1,180,938

  Expenses

  $973,698

  Assets (EOY)

  $9,265,974

• 2016 · 990

  Revenue

  $996,405

  Expenses

  $896,513

  Assets (EOY)

  $9,483,837

• 2015 · 990

  Revenue

  $1,199,289

  Expenses

  $1,089,582

  Assets (EOY)

  $10,437,156

• 2014 · 990

  Revenue

  $1,519,859

  Expenses

  $1,499,831

  Assets (EOY)

  $10,216,717

• 2013 · 990

  Revenue

  $1,841,972

  Expenses

  $1,729,687

  Assets (EOY)

  $10,230,857

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $1,373,113

  Assets (EOY)

  $6,790,110

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• ASIAN AMERICANS FOR EQUALITY INC

  $206,765

  2023 · HUD PASS THROUGH TO AAFE CDF

• ASIAN AMERICANS FOR EQUALITY INC

  $89,050

  2024 · GOLDMAN SACHS AND HUD PASS THROUGH GRANT TO AAFE CDF

• NEW YORK MORTGAGE COALITION INC

  $50,000

  2022 · Financial Counseling & Technology

• NEW YORK MORTGAGE COALITION INC

  $45,000

  2023 · Financial Counseling & Technology

• NEW YORK MORTGAGE COALITION INC

  $45,000

  2024 · Counseling Services

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files