HOUSING ACTION COUNCIL INC

EIN: 132846967 501(c)(3) Housing & Shelter

TARRYTOWN, NY

Total Revenue
$2,278,582
Total Expenses
$1,459,558
Total Assets
$45,309,285
Net Assets
$30,838,851
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NY
Principal Officer
ROSEMARIE NOONAN
Phone
9143324144
Tax Period
2023-01-01 to 2023-12-31

HOUSING ACTION COUNCIL INC, founded in 1975, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $819K, a strong 36% operating margin.

Mission

HOUSING ACTION COUNCIL'S MISSION IS TO INCREASE AND IMPROVE HOUSING OPPORTUNITIES FOR LOW- AND MODERATE- INCOME HOUSEHOLDS AND SPECIAL NEEDS POPULATIONS, INCLUDING THE HOMELESS, ELDERLY AND DISABLED INDIVIDUALS THROUGHOUT THE HUDSON VALLEY REGION AND SURROUNDING COUNTIES.

Program Service Accomplishments

Program 1
Expenses: $912,643 Revenue: $498,556

HOUSING DEVELOPMENT SERVICES PROGRAMHAC'S ON-GOING HOUSING DEVELOPMENT SERVICES PROGRAM INCLUDES: 1) TECHNICAL ASSISTANCE AND TRAINING TO COMMUNITY ORGANIZATIONS, AFFORDABLE HOUSING COMMITTEES...

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HOUSING DEVELOPMENT SERVICES PROGRAMHAC'S ON-GOING HOUSING DEVELOPMENT SERVICES PROGRAM INCLUDES: 1) TECHNICAL ASSISTANCE AND TRAINING TO COMMUNITY ORGANIZATIONS, AFFORDABLE HOUSING COMMITTEES, MUNICIPALITIES, HUMAN SERVICE AGENCIES AND EMERGING AFFORDABLE HOUSING DEVELOPERS AND 2) PARTICIPATING AS NON-PROFIT SPONSORS WITH FOR PROFIT DEVELOPERS IN THE DEVELOPMENT OF LOW AND MODERATE INCOME HOUSING. HAC'S TECHNICAL ASSISTANCE AND SPONSORSHIP FACILITATED THE DEVELOPMENT OR PRESERVATION OF APPROXIMATELY 600 HOUSING UNITS FOR LOW AND MODERATE INCOME HOUSEHOLDS DURING 2023.

Program 2
Expenses: $283,405 Revenue: $208,643

AFFIRMATIVE MARKETINGHAC CONTINUED AS MARKETING CONSULTANT FOR THE COUNTY OF WESTCHESTER FOR DEVELOPMENTS IN THE PIPELINE AND FOR THE CITY OF NEW ROCHELLE DURING 2023. HAC MARKETED SEVERAL...

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AFFIRMATIVE MARKETINGHAC CONTINUED AS MARKETING CONSULTANT FOR THE COUNTY OF WESTCHESTER FOR DEVELOPMENTS IN THE PIPELINE AND FOR THE CITY OF NEW ROCHELLE DURING 2023. HAC MARKETED SEVERAL COUNTY-FUNDED AFFORDABLE HOUSING DEVELOPMENTS IN ACCORDANCE WITH WESTCHESTER COUNTY HOUSING DEVELOPMENT AFFIRMATIVE FAIR HOUSING MARKETING PLAN REQUIREMENTS AND IN NEW ROCHELLE IN ACCORDANCE WITH THE CITY'S AFFORDABLE HOUSING PROGRAM. HAC PREPARES AFFIRMATIVE MARKETING PLANS, MARKETS THE AFFORDABLE UNITS, INCLUDING OUTREACH TO PEOPLE LEAST LIKELY TO APPLY, CONDUCTS LOTTERIES, MAINTAINS WAITING LISTS, AND IN SOME CASES QUALIFIES THE APPLICANTS FOR OCCUPANCY AND HANDLES RECERTIFICATIONS. IN 2023, HAC CONDUCTED THE INITIAL MARKETING OF APPROXIMATELY 225 UNITS IN WESTCHESTER.

Program 3
Expenses: $141,702 Revenue: $0

ACCESSORY DWELLING UNITS (ADUS) HAC, IN PARTNERSHIP WITH HABITAT FOR HUMANITY OF NEW YORK CITY AND WESTCHESTER, DESIGNED AND BEGAN IMPLEMENTATION OF ADU PROGRAMS IN THE VILLAGES OF...

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ACCESSORY DWELLING UNITS (ADUS) HAC, IN PARTNERSHIP WITH HABITAT FOR HUMANITY OF NEW YORK CITY AND WESTCHESTER, DESIGNED AND BEGAN IMPLEMENTATION OF ADU PROGRAMS IN THE VILLAGES OF HASTINGS-ON-HUDSON, DOBBS FERRY AND IRVINGTON AND THE TOWN OF BEDFORD. ACTIVITIES INCLUDED SECURING THE MUNICIPALITIES' AGREEMENT TO PARTICIPATE IN THE PROGRAM, REVIEWING LOCAL REQUIREMENTS FOR AN ADU AND CONDUCTING OUTREACH TO ALERT INCOME QUALIFIED HOMEOWNERS TO THE AVAILABILITY OF FUNDING AND TECHNICAL ASSISTANCE TO CREATE AN ADU.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,231,265
Program Service Revenue $707,199
Investment Income $297,173
Other Revenue $42,945
TOTAL REVENUE $2,278,582

Expense Breakdown

Grants Paid $629,238
Salaries & Benefits $339,626
Fundraising Expenses $0
Program Expenses $1,337,750
Other Expenses $490,694
TOTAL EXPENSES $1,459,558

Year-over-Year Comparison

2023 2022 Change
Revenue $2,278,582 $1,467,290 +0.6%
Expenses $1,459,558 $1,407,385 +0.0%
Net Income $819,024 $59,905 +12.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
9

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
5
$195,998
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT GALVIN CHAIRPERSON 5.00
Officer Director
$0 $0 $0
GREGG DEANGELIS VICE CHAIRMAN 5.00
Officer Director
$0 $0 $0
RICHARD CHERRY VICE CHAIRMAN 5.00
Officer Director
$0 $0 $0
ELLEN LEVY TREASURER 5.00
Officer Director
$0 $0 $0
ERIC ABRAHAM DIRECTOR 2.00
Director
$0 $0 $0
CHUCK BELL DIRECTOR 2.00
Director
$0 $0 $0
LARISSA LONGCHAMP DIRECTOR 3.00
Director
$0 $0 $0
DOUG OLCOTT DIRECTOR 2.00
Director
$0 $0 $0
DAVID SMITH DIRECTOR 2.00
Director
$0 $0 $0
ROSEMARIE NOONAN EXECUTIVE DIRECTOR & SECRETARY 40.00
Officer
$184,904 $11,094 $195,998
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
2024 No data No data No data No data
2023 $2,278,582 $1,459,558 $45,309,285 $819,024
2022 $1,467,290 $1,407,385 $44,496,758 $59,905
2021 $3,061,095 $1,445,477 $44,455,969 $1,615,618
2020 $17,892,637 $1,510,629 $42,998,277 $16,382,008
2019 $7,072,851 $1,431,955 $26,564,478 $5,640,896
2018 $1,537,353 $1,102,469 $16,109,891 $434,884
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