GRADUATE CENTER FOUNDATION HOUSING CORPORATION

EIN: 262227891 501(c)(3) Education

NEW YORK, NY

Total Revenue
$2,160,105
Total Expenses
$2,278,920
Total Assets
$17,548,741
Net Assets
$5,756,293
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
BRIAN PETERSON
Phone
2128177660
Tax Period
2024-07-01 to 2025-06-30

GRADUATE CENTER FOUNDATION HOUSING CORPORATION, founded in 2008, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Net assets of $5.8M represent 32 months of operating reserves.

Mission

WHEREAS THE GRADUATE CENTER FOUNDATION HOUSING CORPORATION'S MAIN MISSION IS TO PROVIDE AFFORDABLE HOUSING FOR THE USE OF GRADUATE STUDENTS AND THEIR FAMILIES, WHILE THESE STUDENTS COMPLETE THEIR STUDIES, IT GOES HAND IN HAND WITH THE LARGER MISSION OF THE HELPING STUDENTS FULFILL THEIR EDUCATION GOALS AND ENABLING STUDENTS TO SUCCEED BY CREATING AND SUPPORTING A WELCOMING, SAFE AND INCLUSIVE HOUSING ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $2,149,764 Revenue: $2,111,917

:THE GRADUATE CENTER APARTMENTS HAVE CONTINUED TO GROW IN POPULARITY AMONG FACULTY AND STUDENTS. THE GRADUATE CENTER APARTMENTS' RATES HAVE CONTINUED TO STAY COMPETITIVE AND AFFORDABLE. LOCATED AT...

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:THE GRADUATE CENTER APARTMENTS HAVE CONTINUED TO GROW IN POPULARITY AMONG FACULTY AND STUDENTS. THE GRADUATE CENTER APARTMENTS' RATES HAVE CONTINUED TO STAY COMPETITIVE AND AFFORDABLE. LOCATED AT 165 EAST 118TH STREET, THE EIGHT-STORY GRADUATE CENTER APARTMENTS COMPLEX OFFERS BRIGHT, MODERN, AIRY, AND AFFORDABLE HOUSING, AND PROVIDES AN EASY COMMUTE TO THE GRADUATE CENTER FOR ITS STUDENTS AND FACULTY MEMBERS. THE GRADUATE CENTER APARTMENT COMPLEX FEATURES 77 HOUSING UNITS, INCLUDING 64 UNITS FOR GRADUATE STUDENTS AND 12 APARTMENTS FOR COLLEGE FACULTY.THE GRADUATE CENTER APARTMENTS AMENITIES CONSIST OF A ROOFTOP RECREATION SPACE, AN EXERCISE ROOM, A GROUND LOUNGE, BIKE STORAGE, AND ACCESS TO THE EXTENSIVE PUBLIC SPACES AND OUTDOOR AREAS ON THE CAMPUS ADJACENT TO THE HOUSING FACILITY.

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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 $2,111,917
Investment Income $19,929
Other Revenue $28,259
TOTAL REVENUE $2,160,105

Expense Breakdown

Grants Paid $0
Salaries & Benefits $215,646
Fundraising Expenses $0
Program Expenses $2,149,764
Other Expenses $2,063,274
TOTAL EXPENSES $2,278,920

Year-over-Year Comparison

2024 2023 Change
Revenue $2,160,105 $2,098,461 +0.0%
Expenses $2,278,920 $2,191,413 +0.0%
Net Income $-118,815 $-92,952 +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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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER H DARROW PRESIDENT 1.00
Officer Director
$0 $0 $0
MYRON GLUCKSMAN TREASURER 1.00
Officer Director
$0 $0 $0
DWIGHT LEE SECRETARY 1.00
Officer 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 $2,160,105 $2,278,920 $17,548,741 $-118,815
2024 No data No data No data No data
2023 $2,020,372 $2,170,083 $18,443,609 $-149,711
2022 $1,485,607 $2,403,217 $18,854,867 $-917,610
2021 $1,303,410 $2,400,485 $19,976,374 $-1,097,075
2020 $1,928,702 $2,441,811 $21,351,822 $-513,109
2019 $1,951,298 $2,337,287 $22,083,961 $-385,989
2018 $1,961,373 $2,268,264 $22,659,123 $-306,891
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