607 CONCORD AVENUE HOUSING DEVELOPMENT FUND CORPORATION

EIN: 134146104 501(c)(3) Housing & Shelter

BRONX, NY

Total Revenue
$1,487,092
Total Expenses
$1,123,157
Total Assets
$4,199,576
Net Assets
$-5,022,994
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NY
Principal Officer
RAUL RUSSI
Phone
3476493270
Tax Period
2024-12-01 to 2025-11-30

607 CONCORD AVENUE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $364K, a strong 24% operating margin.

Mission

TO PROVIDE RESIDENTIAL RENTAL HOUSING TO LOW-INCOME DISABLED PERSONS THROUGH MONTHLY SUBSIDIES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 $1,213,181
Program Service Revenue $258,995
Investment Income $14,700
Other Revenue $216
TOTAL REVENUE $1,487,092

Expense Breakdown

Grants Paid $0
Salaries & Benefits $153,091
Fundraising Expenses $0
Program Expenses $1,036,357
Other Expenses $970,066
TOTAL EXPENSES $1,123,157

Year-over-Year Comparison

2024 2023 Change
Revenue $1,487,092 $1,581,809 -0.1%
Expenses $1,123,157 $1,214,680 -0.1%
Net Income $363,935 $367,129 0.0%
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
5
Independent Members
5
Employees
1
Volunteers
5

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
$2,117,219
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAUL RUSSI PRESIDENT 1.00
Officer
$0 $70,634 $980,006
LYMARIS ALBORS CEO 1.00
$0 $39,079 $842,965
JOSE A RODRIGUEZ CLO 1.00
Officer
$0 $37,084 $639,637
VICKY GATELL CFO 1.00
Officer
$0 $42,707 $497,576
ELIEZER RODRIGUEZ ESQ CHAIR 1.00
Officer Director
$0 $0 $0
MARYBETH HOTALING ESQ TREASURER 1.00
Officer Director
$0 $0 $0
GILBERT HERNANDEZ SECRETARY 1.00
Officer Director
$0 $0 $0
ARNIE SEGARRA MEMBER 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
2025 $1,487,092 $1,123,157 $4,199,576 $363,935
2024 $1,581,809 $1,214,680 $3,734,021 $367,129
2023 $1,478,347 $1,167,190 $3,399,815 $311,157
2022 $1,101,847 $1,209,289 $3,512,838 $-107,442
2021 $855,619 $1,197,982 $3,738,697 $-342,363
2020 $679,271 $1,078,666 $4,003,386 $-399,395
2019 $850,608 $996,166 $4,315,678 $-145,558
2018 $900,331 $1,353,539 $4,473,533 $-453,208
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