ALBERTA WOODS HOUSING DEVELOPMENT FUND CORPORATION

EIN: 113120846 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$407,337
Total Expenses
$394,281
Total Assets
$563,201
Net Assets
$-1,075,987
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
JEFFREY DUNSTON CO NEBHD
Phone
7184539490
Tax Period
2023-01-01 to 2023-12-31

ALBERTA WOODS HOUSING DEVELOPMENT FUND CORPORATION, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $407K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $394K left a modest 3% surplus.

Mission

THE CORPORATION IS COMMITTED IN PROVIDING AFFORDABLE HOUSING UNITS FOR FAMILIES OF LOW INCOME IN THE CENTRAL SECTIONS OF BROOKLYN, NEW YORK.

Program Service Accomplishments

Program 1
Expenses: $358,409 Revenue: $371,100

TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING UNITS TO PERSONS OF LOW INCOME IN CENTRAL SECTIONS OF BROOKLYN, NEW YORK

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $371,100
Investment Income $3,373
Other Revenue $32,864
TOTAL REVENUE $407,337

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $358,409
Other Expenses $394,281
TOTAL EXPENSES $394,281

Year-over-Year Comparison

2023 2022 Change
Revenue $407,337 $317,488 +0.3%
Expenses $394,281 $483,490 -0.2%
Net Income $13,056 $-166,002 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$298,920
Total Directors
3
$298,920
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY DUNSTON CEO 0.33
Officer Director
$0 $0 $298,920
JAMES HENRY CHAIRPERSON 0.33
Director
$0 $0 $0
ELLIOTT ROBINSON JR TREASURER 0.33
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $407,337 $394,281 $563,201 $13,056
2022 $317,488 $483,490 $598,727 $-166,002
2021 $343,523 $368,871 $676,451 $-25,348
2020 $307,057 $369,810 $603,623 $-62,753
2019 $282,251 $371,867 $641,567 $-89,616
2018 $284,362 $316,866 $544,789 $-32,504
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