PIO MENDEZ HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 133211951 501(c)(3)

BRONX, NY

Total Revenue
$483,784
Total Expenses
$250
Total Assets
$9,773,022
Net Assets
$9,757,616
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NY
Principal Officer
SALVATORE GIGANTE
Phone
3477262547
Tax Period
2023-01-01 to 2023-12-31

PIO MENDEZ HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1984, is a small nonprofit that reported $484K in total revenue in fiscal year 2023. The organization ran a surplus of $484K, a strong 100% operating margin.

Mission

PROVIDED HOUSING TO LOW INCOME ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959 IN THE SOUTH BRONX AREA OF NEW YORK CITY.

Program Service Accomplishments

Program 1

PROVIDED AFFORDABLE HOUSING TO LOW INCOME ELDERLY AND HANDICAPPED PURSUANT TO SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. THE PROPERTY WAS SOLD ON DECEMBER 30, 2014 FOR ITS FAIR MARKET VALUE WITH...

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PROVIDED AFFORDABLE HOUSING TO LOW INCOME ELDERLY AND HANDICAPPED PURSUANT TO SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959. THE PROPERTY WAS SOLD ON DECEMBER 30, 2014 FOR ITS FAIR MARKET VALUE WITH THE APPROVAL OF BOTH THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND THE NEW YORK STATE DEPARTMENT OF LAW. PLEASE SEE SCHEDULE A, PART VI FOR FURTHER DETAILS.

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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 $0
Investment Income $0
Other Revenue $483,784
TOTAL REVENUE $483,784

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $250
TOTAL EXPENSES $250

Year-over-Year Comparison

2023 2022 Change
Revenue $483,784 $461,107 +0.0%
Expenses $250 $250 N/A
Net Income $483,534 $460,857 +0.0%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
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
3
$251,995
Total Directors
3
$251,995
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ENRICO BOCCIA CHAIR 0.05
Officer Director
$0 $0 $0
EVELYN VELAZQUEZ TREASURER/SE 0.05
Officer Director
$0 $0 $0
SALVATORE GIGANTE VICE PRESIDE 0.30
Officer Director
$0 $0 $251,995
SONAL SHAH CONTROLLER 0.00
Highest
$0 $0 $139,248
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 $483,784 $250 $9,773,022 $483,534
2022 $461,107 $250 $9,289,238 $460,857
2021 $447,185 $250 $8,828,131 $446,935
2020 $322,249 $250 $8,380,946 $321,999
2019 $322,249 $250 $8,058,794 $321,999
2018 $322,249 $1,182 $7,736,545 $321,067
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