JEROME AVE CARE FOR THE HOMELESS HOUSING DEVELOPMENT FUND COMPANY

EIN: 201377483 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$8,028,557
Total Expenses
$7,817,420
Total Assets
$9,818,146
Net Assets
$-1,278,532
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
GEORGE NASHAK
Phone
2123664459
Tax Period
2023-01-01 to 2023-12-31

JEROME AVE CARE FOR THE HOMELESS HOUSING DEVELOPMENT FUND COMPANY, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $8.0M in total revenue in fiscal year 2023.

Mission

JEROME AVENUE CARE FOR THE HOMELESS HDFC IS DEDICATED TO SERVING MEDICALLY FRAIL AND MENTALLY ILL HOMELESS WOMEN, PROVIDING THEM WITH SHELTER AND A WIDE ARRAY OF SUPPORT SERVICES WITH THE GOAL OF RESTORING THEM TO HEALTH AND PLACING THEM IN APPROPRIATE HOUSING.

Program Service Accomplishments

Program 1
Expenses: $7,817,420 Revenue: $2

DURING 2023, JEROME AVENUE CARE FOR THE HOMLESS HDFC PROVIDED TEMPORARY SHELTER AND COMPREHENSIVE SOCIAL AND SUPPORT SERVICES TO OVER 200 WOMEN EXPERIENCING HOMELESSNESS IN NEW YORK CITY. THE STAFF...

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DURING 2023, JEROME AVENUE CARE FOR THE HOMLESS HDFC PROVIDED TEMPORARY SHELTER AND COMPREHENSIVE SOCIAL AND SUPPORT SERVICES TO OVER 200 WOMEN EXPERIENCING HOMELESSNESS IN NEW YORK CITY. THE STAFF OF THE PROGRAM ASSISTED 73 RESIDENTS TO FIND AND RELOCATE INTO PERMANENT HOUSING. WTH AN ONSITE HEALTH CENTER, THE PROGRAM ALSO ADDRESSED THE HEALTH NEEDS OF THE RESIDENTS OF THE PROGRAM, ASSISTING THE CLIENTS TO STABILIZE AND IMPROVE THEIR HEALTH. THE RANGE OF SERVICES PROVIDED BY THE PROGRAM INCLUDED COUNSELLING, ANGER MANAGEMENT, HEALTH, WELLNESS AND NUTRITION EDUCATION; FINANCIAL EDUCATION (BUDGETING AND SAVING); COMPUTER ACCESS AND TRAINING; WRITING AND BOOK GROUPS, FITNESS; CRAFTS; AND OTHER LIFE-ENHANCING AND SUPPORT ACTIVITIES TO STRENGHTEN THE RESIDENTS' PHYSICAL AND MENTAL WELL-BEING.

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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 $8,028,555
Program Service Revenue $0
Investment Income $0
Other Revenue $2
TOTAL REVENUE $8,028,557

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,518,874
Fundraising Expenses $0
Program Expenses $7,817,420
Other Expenses $5,298,546
TOTAL EXPENSES $7,817,420

Year-over-Year Comparison

2023 2022 Change
Revenue $8,028,557 $7,843,480 +0.0%
Expenses $7,817,420 $7,520,963 +0.0%
Net Income $211,137 $322,517 -0.3%
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
4
Independent Members
4
Employees
78
Volunteers
4

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
9
$1,233,700
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LLOYD BAILEY MD BOARD CHAIR 1.00
Officer Director
$0 $0 $0
PHILIP J MALEBRANCHE VICE CHAIR 1.00
Officer Director
$0 $0 $0
SURJIT CHANA SECRETARY 1.00
Officer Director
$0 $0 $0
TIMOTHY KARCHER TREASURER 1.00
Officer Director
$0 $0 $0
GEORGE NASHAK PRESIDENT AND CEO 1.00
Officer
$0 $8,794 $374,047
JOHN CHUE CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $7,501 $202,276
JONATHAN-RAMOS SANTOS CHIEF PROGRAM OFFICER 1.00
Officer
$0 $35,745 $148,762
RONALD LAWSON CHIEF OPERATING OFFICER 1.00
Officer
$0 $48,389 $239,056
TAWANA HILL CHIEF MEDICAL OFFICER 1.00
Officer
$0 $22,973 $269,559
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 $8,028,557 $7,817,420 $9,818,146 $211,137
2022 $7,843,480 $7,520,963 $12,590,480 $322,517
2021 $9,215,112 $8,796,469 $8,771,577 $418,643
2020 $9,194,591 $9,198,477 $9,454,947 $-3,886
2019 $9,289,479 $8,249,604 $7,863,394 $1,039,875
2018 $8,497,145 $8,245,234 $8,660,170 $251,911
2017 $8,176,017 $8,205,184 $9,438,005 $-29,167
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