CUMBERLAND GARDENS HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 133907908 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$1,845,762
Total Expenses
$2,016,071
Total Assets
$8,062,194
Net Assets
$-3,790,365
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Principal Officer
LINDA R HOFFMAN
Phone
2129627653
Tax Period
2024-07-01 to 2025-06-30

CUMBERLAND GARDENS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024.

Mission

PROVIDES 104 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED AT ATLANTIC AVENUE AND CUMBERLAND STREET IN BROOKLYN, IT OFFERS SOCIAL AND RECREATIONAL SERVICES. FORTY SIX (46) 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 (2024)

Revenue Breakdown

Contributions & Grants $1,469,538
Program Service Revenue $364,753
Investment Income $7,215
Other Revenue $4,256
TOTAL REVENUE $1,845,762

Expense Breakdown

Grants Paid $0
Salaries & Benefits $413,941
Fundraising Expenses $0
Program Expenses $1,698,743
Other Expenses $1,602,130
TOTAL EXPENSES $2,016,071

Year-over-Year Comparison

2024 2023 Change
Revenue $1,845,762 $1,775,019 +0.0%
Expenses $2,016,071 $1,997,268 +0.0%
Net Income $-170,309 $-222,249 -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
6
Independent Members
6
Employees
11
Volunteers
6

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
$1,186,051
Total Directors
6
$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
ELIZABETH R TOZER VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
ANN VAN NESS VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
WILLIAM N HUBBARD III EXEC. SECRETARY/TREASURER 0.20
Officer Director
$0 $0 $0
PEARL CHANG BOARD MEMBER 0.20
Director
$0 $0 $0
HOWARD LEPOW BOARD MEMBER 0.20
Director
$0 $0 $0
LINDA R HOFFMAN CHIEF EXECUTIVE OFFICER 1.00
Officer
$0 $35,975 $820,576
ROLANDO A BLANCO CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $35,975 $365,475
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 $1,845,762 $2,016,071 $8,062,194 $-170,309
2024 No data No data No data No data
2023 $2,067,990 $1,855,140 $8,441,831 $212,850
2022 $2,301,350 $1,816,817 $8,377,144 $484,533
2021 $1,819,413 $1,673,573 $7,870,058 $145,840
2020 $1,384,255 $1,444,986 $7,564,743 $-60,731
2019 $1,265,492 $1,438,456 $7,584,053 $-172,964
2018 $1,161,483 $1,415,560 $7,745,295 $-254,077
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