Mid-Bronx Housing Development Fund Corporation

EIN: 237363423 501(c)(3)

Bronx, NY

Total Revenue
$3,163,204
Total Expenses
$4,537,132
Total Assets
$8,466,469
Net Assets
$2,127,684
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NY
Principal Officer
Jeanette Puryear
Phone
7185888200
Tax Period
2024-07-01 to 2025-06-30

Mid-Bronx Housing Development Fund Corporation, founded in 1974, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 43% operating deficit.

Mission

Mid-Bronx HDFC was organized exclusively for the charitable purpose of developing housing for persons of low income located in the Bronx, NY.

Program Service Accomplishments

Program 1
Expenses: $4,537,132 Revenue: $2,959,190

Provision of housing and social services to previously homeless, very low income, low income and moderate income residents of the community.

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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 $0
Program Service Revenue $2,959,190
Investment Income $54,014
Other Revenue $150,000
TOTAL REVENUE $3,163,204

Expense Breakdown

Grants Paid $0
Salaries & Benefits $283,486
Fundraising Expenses $0
Program Expenses $4,537,132
Other Expenses $4,253,646
TOTAL EXPENSES $4,537,132

Year-over-Year Comparison

2024 2023 Change
Revenue $3,163,204 $3,611,911 -0.1%
Expenses $4,537,132 $3,000,216 +0.5%
Net Income $-1,373,928 $611,695 -3.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
4
Independent Members
3
Employees
30
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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Joe Albert Bush Sr Chairman 1.00
Officer Director
$0 $0 $0
Mary Coleman Vice Chair 1.00
Officer Director
$0 $0 $0
Jeanette Puryear Secr/Treasurer 5.00
Officer Director
$0 $0 $0
Dr Madan Paul 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 $3,163,204 $4,537,132 $8,466,469 $-1,373,928
2024 $3,611,911 $3,000,216 $6,640,249 $611,695
2023 $3,243,386 $3,749,294 $5,836,858 $-505,908
2022 $3,021,247 $2,624,445 $5,532,789 $396,802
2021 $3,561,955 $2,433,653 $6,085,137 $1,128,302
2020 $3,289,916 $2,920,552 $5,900,250 $369,364
2020 $2,879,719 $3,418,296 $4,757,069 $-538,577
2019 $3,318,322 $2,579,877 $7,713,814 $738,445
2018 $3,223,032 $2,627,666 $6,308,840 $595,366
2018 $3,270,988 $2,613,190 $6,333,748 $657,798
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