NOSOTROS HOUSING DEVELOPMENT FUND CORPORATION

EIN: 133701038 501(c)(3) Housing & Shelter

BRONX, NY

Total Revenue
$2,007,626
Total Expenses
$2,336,870
Total Assets
$2,663,912
Net Assets
$1,534,283
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NY
Principal Officer
KOBINA ARHIN
Phone
7182933100
Tax Period
2023-01-01 to 2023-12-31

NOSOTROS HOUSING DEVELOPMENT FUND CORPORATION, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Expenses of $2.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDE LOW INCOME HOUSING IN THE BRONX, NY

Program Service Accomplishments

Program 1
Expenses: $2,041,334 Revenue: $2,000,187

REHABILITATION AND OPERATION OF GOVERNMENT SUBSIDIZED LOW INCOME HOUSING IN BRONX, NY.

Program 2
Expenses: $58,000

SERVICES PROVIDED TO NOSOTROS' TENANTS IN THE FORM OF SOCIAL, RECREATIONAL AND EDUCATIONAL PROGRAMS.

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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 $2,000,187
Investment Income $7,439
Other Revenue $0
TOTAL REVENUE $2,007,626

Expense Breakdown

Grants Paid $0
Salaries & Benefits $523,557
Fundraising Expenses $0
Program Expenses $2,099,334
Other Expenses $1,813,313
TOTAL EXPENSES $2,336,870

Year-over-Year Comparison

2023 2022 Change
Revenue $2,007,626 $1,931,532 +0.0%
Expenses $2,336,870 $2,364,195 0.0%
Net Income $-329,244 $-432,663 -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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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
5
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
4
$387,104
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MSGR DONALD SAKANO PRESIDENT 2.00
Officer Director
$0 $0 $0
REV MARK CREGAN TREASURER 0.25
Officer Director
$0 $0 $0
KENNETH P BROWNE DIRECTOR 0.25
Director
$0 $0 $0
REV JOSEPH FRANCO DIRECTOR 0.25
Director
$0 $0 $0
KEN SINGLETON DIRECTOR 0.25
Director
$0 $0 $0
KOBINA ARHIN SVP/CEO 1.00
Officer
$0 $26,460 $333,658
DONNA SMITH CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $3,711 $53,446
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 $2,007,626 $2,336,870 $2,663,912 $-329,244
2022 $1,931,532 $2,364,195 $2,831,287 $-432,663
2021 $1,942,221 $2,162,057 $2,992,542 $-219,836
2020 $1,863,626 $2,086,486 $3,245,312 $-222,860
2019 $3,389,096 $2,172,949 $3,606,753 $1,216,147
2018 $1,713,035 $2,184,110 $3,919,169 $-471,075
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