BELMONT BOULEVARD HDFC INC

EIN: 133276883 501(c)(3)

BRONX, NY

Total Revenue
$1,573,138
Total Expenses
$1,299,952
Total Assets
$1,531,520
Net Assets
$-6,720,012
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Tax Period
2023-01-01 to 2023-12-31

BELMONT BOULEVARD HDFC INC, founded in 1992, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $273K, a strong 17% operating margin.

Mission

TO PROVIDE AFFORDABLE SUBSIDIZED HOUSING FOR SENIOR CITIZENS AND HANDICAPPED INDIVIDUALS UNDER THE SECTION 202/08 PROGRAM UNDER THE JURISDICTION OF THE U.S. DEPT OF HOUSING & URBAN DEVELOPMENT (H.U.D)

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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 $1,570,571
Investment Income $115
Other Revenue $2,452
TOTAL REVENUE $1,573,138

Expense Breakdown

Grants Paid $0
Salaries & Benefits $147,942
Fundraising Expenses $0
Program Expenses $1,176,166
Other Expenses $1,152,010
TOTAL EXPENSES $1,299,952

Year-over-Year Comparison

2023 2022 Change
Revenue $1,573,138 $1,518,607 +0.0%
Expenses $1,299,952 $1,330,430 0.0%
Net Income $273,186 $188,177 +0.5%
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
1
Employees
10
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL FRACASSI VICE PRESIDENT 0.25
Director
$0 $0 $0
CECILIA FERRO SECRETARY 1.00
Director
$0 $0 $0
CONSOLATO CICCIU PRESIDENT 1.00
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
2024 No data No data No data No data
2023 $1,573,138 $1,299,952 $1,531,520 $273,186
2022 $1,518,607 $1,330,430 $1,350,902 $188,177
2021 $1,499,714 $1,549,464 $1,198,562 $-49,750
2020 $1,207,864 $1,372,649 $1,057,583 $-164,785
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