KENMORE HOUSING DEVELOPMENT FUND CORPORATION

EIN: 133862850 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$1,520,285
Total Expenses
$1,451,591
Total Assets
$912,213
Net Assets
$60,169
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NY
Principal Officer
JAMES M DILL
Phone
2122529377
Tax Period
2023-01-01 to 2023-12-31

KENMORE HOUSING DEVELOPMENT FUND CORPORATION, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 5% surplus.

Mission

THE ORGANIZATION WORKS TOWARD ENDING CHRONIC HOMELESSNESS, PREVENTING HOMELESSNESS FOR PERSONS THREATENED WITH DISPLACEMENT AND IMPROVING HOUSING CONDITIONS FOR THE MARGINALIZED THROUGH THE OPERATION AND DEVELOPMENT OF PERMANENT SUPPORTIVE AND AFFORDABLE HOUSING. THE ORGANIZATION HELPS ITS CLIENTS ACHIEVE THEIR FULLEST POTENTIAL FOR HOUSING SELF-SUFFICIENCY BY REALISTICALLY ASSESSING THEIR INDIVIDUAL NEEDS AND BUILDING RESPECTFUL AND CARING SUPPORTIVE COMMUNITIES TO OVERCOME BARRIERS TO THEIR SUCCESS.

Program Service Accomplishments

Program 1
Expenses: $1,451,591

THE ORGANIZATION PROVIDES SOCIAL SERVICES TO THE RESIDENTS OF THE LOW-INCOME SUPPORTIVE HOUSING PROJECT KNOWN AS KENMORE HALL. THE PROJECT HAS 326 EFFICIENCY HOUSING UNITS AND IS SITUATED AT 143-147...

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THE ORGANIZATION PROVIDES SOCIAL SERVICES TO THE RESIDENTS OF THE LOW-INCOME SUPPORTIVE HOUSING PROJECT KNOWN AS KENMORE HALL. THE PROJECT HAS 326 EFFICIENCY HOUSING UNITS AND IS SITUATED AT 143-147 EAST 23RD STREET, NY, NY. THE SERVICES ARE FUNDED BY SOCIAL SERVICE CONTRACTS WITH NYC DEPARTMENT OF HOMELESS SERVICES AND NYC HUMAN RESOURCES ADMINISTRATION AND A SUPPORTIVE HOUSING PROGRAM GRANT FROM US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). ALL ADMITTED RESIDENTS ARE SINGLE ADULTS AND ARE REQUIRED TO MEET HUD'S CRITERIA FOR HOMELESSNESS, DISABILITY AND LOW INCOME.

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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 $1,520,285
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,520,285

Expense Breakdown

Grants Paid $70,705
Salaries & Benefits $1,230,123
Fundraising Expenses $0
Program Expenses $1,451,591
Other Expenses $150,763
TOTAL EXPENSES $1,451,591

Year-over-Year Comparison

2023 2022 Change
Revenue $1,520,285 $1,385,819 +0.1%
Expenses $1,451,591 $1,477,891 0.0%
Net Income $68,694 $-92,072 -1.7%
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
35
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
$534,936
Total Directors
3
$381,720
Key Employees
2
$334,694
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES M DILL TRUSTEE/EXECUTIVE DIRECTOR 2.50
Officer Director
$0 $21,550 $194,540
MOLLY MATTIMORE TRUSTEE/SECRETARY/DEP EXC DIRECTOR 2.50
Officer Director
$0 $9,936 $187,180
MARY HARDIN TRUSTEE/CHAIR 1.00
Director
$0 $0 $0
MARK SHAPIRO CHIEF FINANCIAL OFFICER 2.50
Officer
$0 $18,408 $153,216
KRISTI CILENTI DIRECTOR OF PROGRAMS 15.50
Key Emp
$0 $25,681 $179,201
DAN DANAHER DIRECTOR OF OPERATIONS 18.00
Key Emp
$0 $4,935 $155,493
ALMIR LALICIC DIRECTOR OF PROPERTY MANAGEMENT 18.00
Highest
$0 $24,743 $143,450
RALPH GARCIA SECURITY DIRECTOR 18.00
Highest
$0 $3,156 $135,726
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 $1,520,285 $1,451,591 $912,213 $68,694
2022 $1,385,819 $1,477,891 $808,110 $-92,072
2021 $1,348,824 $1,297,428 $768,138 $51,396
2020 $1,270,971 $1,345,455 $1,033,058 $-74,484
2019 $1,284,844 $1,337,133 $1,064,213 $-52,289
2018 $1,291,059 $1,325,232 $1,418,618 $-34,173
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