CARNEGIE EAST HOUSE HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 133436898 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$7,510,647
Total Expenses
$7,563,603
Total Assets
$20,656,404
Net Assets
$-3,493,747
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NY
Principal Officer
JOSEPH GIRVEN
Phone
2124100033
Tax Period
2024-04-01 to 2025-03-31

CARNEGIE EAST HOUSE HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $7.5M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

PROVIDES ENRICHED HOUSING TO OLDER ADULTS WITH QUALITY SUPPORTIVE SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,700,509
Program Service Revenue $5,806,105
Investment Income $4,033
Other Revenue $0
TOTAL REVENUE $7,510,647

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,679,143
Fundraising Expenses $0
Program Expenses $6,496,595
Other Expenses $4,884,460
TOTAL EXPENSES $7,563,603

Year-over-Year Comparison

2024 2023 Change
Revenue $7,510,647 $8,617,821 -0.1%
Expenses $7,563,603 $7,870,034 0.0%
Net Income $-52,956 $747,787 -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

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
10
Independent Members
10
Employees
59
Volunteers
30

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
$340,270
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRAN CONDON PRESIDENT 2.00
Officer Director
$0 $0 $0
BEATRICE BROADWATER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
PATRICIA KOLB PHD SECRETARY 2.00
Officer Director
$0 $0 $0
CALVIN MARSHALL MEW TREASURER 2.00
Officer Director
$0 $0 $0
ANDREW BONZANI DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER SAVOGLOU DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM T SULLIVAN DIRECTOR 2.00
Director
$0 $0 $0
NICOLA M HERYET DIRECTOR 2.00
Director
$0 $0 $0
RICHARD B MARION DIRECTOR 2.00
Director
$0 $0 $0
DANIEL VANHALL DIRECTOR 2.00
Director
$0 $0 $0
JOSEPH H GIRVEN EXECUTIVE DIR. 15.00
Officer
$150,622 $39,026 $340,270
CHRISTEENA BAKSH COO 40.00
Highest
$133,244 $39,025 $172,269
HELANE RICHARDS PEACE DEVELOPMENT DIR. 20.00
Highest
$76,372 $15,760 $168,504
DAVID PEACE OPERATIONS RISK MANAGER 4.00
Highest
$11,124 $15,708 $126,951
ANGELA DEWOOD DEPUTY EXECUTIVE 40.00
Highest
$136,628 $16,025 $152,653
RACHELLE REESE DIRECTOR OF HEALTH 40.00
Highest
$128,551 $16,025 $144,576
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 $7,510,647 $7,563,603 $20,656,404 $-52,956
2024 $8,617,821 $7,870,034 $21,096,747 $747,787
2023 $7,539,384 $7,244,873 $21,227,099 $294,511
2022 $6,947,827 $7,097,496 $20,967,938 $-149,669
2021 $6,511,012 $7,402,946 $21,800,395 $-891,934
2020 $7,000,231 $7,285,078 $22,656,886 $-284,847
2019 $6,664,622 $6,788,650 $23,341,817 $-124,028
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