10TH AND 51ST HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 133270654 501(c)(3)

NEW YORK, NY

Total Revenue
$3,252,799
Total Expenses
$2,712,440
Total Assets
$6,994,558
Net Assets
$1,262,155
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NY
Principal Officer
LINDA HOFFMAN
Phone
2129627653
Tax Period
2022-07-01 to 2023-06-30

10TH AND 51ST HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1985, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2022. The organization ran a surplus of $540K, a strong 17% operating margin.

Mission

PROVIDES 99 UNITS OF SUBSIDIZED LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED AT 404 WEST 54TH STREET, MANHATTAN, IT OFFERS SOCIAL AND RECREATIONAL SERVICES. FORTY SEVEN (47) OF ITS TENANTS ARE ENRICHED HOUSING PROGRAM RESIDENTS WHO REQUIRE SPECIAL ASSISTANCE AND FOOD SERVICE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,944,719
Program Service Revenue $292,015
Investment Income $11,165
Other Revenue $4,900
TOTAL REVENUE $3,252,799

Expense Breakdown

Grants Paid $0
Salaries & Benefits $427,100
Fundraising Expenses $0
Program Expenses $2,415,070
Other Expenses $2,285,340
TOTAL EXPENSES $2,712,440

Year-over-Year Comparison

2022 2021 Change
Revenue $3,252,799 $3,152,510 +0.0%
Expenses $2,712,440 $2,500,571 +0.1%
Net Income $540,359 $651,939 -0.2%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
9
Volunteers
7

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
6
$1,130,682
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM N HUBBARD IV PRESIDENT 0.20
Officer Director
$0 $0 $0
DEBORAH SMITH BERNSTEIN PRESIDENT, THRU 0.20
Officer Director
$0 $0 $0
ELIZABETH R TOZER VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
JOAN FINKLESTEN EXEC. SECRETARY/TREASURER 0.20
Officer Director
$0 $0 $0
ANN VAN NESS BOARD MEMBER 0.20
Director
$0 $0 $0
LINDA R HOFFMAN CHIEF EXECUTIVE OFFICER 1.00
Officer
$0 $33,694 $789,012
ROLANDO BLANCO CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $30,139 $341,670
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $3,252,799 $2,712,440 $6,994,558 $540,359
2022 $3,152,510 $2,500,571 $6,885,884 $651,939
2021 $3,161,224 $2,505,301 $6,465,038 $655,923
2020 $3,052,401 $2,360,524 $6,303,674 $691,877
2019 $3,285,588 $2,372,896 $5,989,419 $912,692
2018 $2,022,936 $2,003,961 $4,978,722 $18,975
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