326 EAST 126TH STREET HOUSING DEVELOPMENT FUND CORPORATION

EIN: 263071193

NEW YORK, NY

Total Revenue
$541,566
Total Expenses
$196,355
Total Assets
$7,518,443
Net Assets
$3,939,038
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NY
Principal Officer
SUSAN WIVIOTT
Phone
2126633000
Tax Period
2023-10-01 to 2024-09-30

326 EAST 126TH STREET HOUSING DEVELOPMENT FUND CORPORATION, founded in 2007, is a small nonprofit that reported $542K in total revenue in fiscal year 2023. The organization ran a surplus of $345K, a strong 64% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE CHRONICALLY MENTALLY DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.

Program Service Accomplishments

Program 1
Expenses: $196,355 Revenue: $541,566

THE ORGANIZATION ENTERED INTO AN OPERATING AGREEMENT WITH 326 EAST 126TH STREET L.P. TO OPERATE THE 326 EAST 126TH PROJECT. THE ORGANIZATION'S AGENT AND SOLE MEMBER, THE BRIDGE, INC., IS CONSTRUCTING...

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THE ORGANIZATION ENTERED INTO AN OPERATING AGREEMENT WITH 326 EAST 126TH STREET L.P. TO OPERATE THE 326 EAST 126TH PROJECT. THE ORGANIZATION'S AGENT AND SOLE MEMBER, THE BRIDGE, INC., IS CONSTRUCTING A RESIDENTIAL HOUSING PROJECT AT 326 EAST 126TH STREET, NEW YORK, NEW YORK. THE AGREEMENT WAS FINANCED AND IS BEING PAID BY THE PROCEEDS OF A LOAN MADE BY OMH/DASNY.

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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 $0
Program Service Revenue $541,566
Investment Income $0
Other Revenue $0
TOTAL REVENUE $541,566

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $196,355
Other Expenses $196,355
TOTAL EXPENSES $196,355

Year-over-Year Comparison

2023 2022 Change
Revenue $541,566 $541,519 +0.0%
Expenses $196,355 $213,004 -0.1%
Net Income $345,211 $328,515 +0.1%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
5
$633,441
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL BUCKLER PRESIDENT 0.10
Officer Director
$0 $0 $0
HOWARD ROTHSCHILD SECRETARY 0.10
Officer Director
$0 $0 $0
ALBERT E MAYAS TREASURER 0.10
Officer Director
$0 $0 $0
SUSAN WIVIOTT CEO 0.50
Officer
$0 $41,741 $374,502
EZRA MILLER CFO 0.50
Officer
$0 $42,064 $258,939
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 $541,566 $196,355 $7,518,443 $345,211
2023 $541,519 $213,004 $7,499,682 $328,515
2022 $541,473 $228,804 $7,480,968 $312,669
2021 $672,127 $306,560 $7,462,300 $365,567
2020 $541,426 $261,491 $7,443,680 $279,935
2019 $541,333 $274,817 $7,425,059 $266,516
2018 $541,275 $287,465 $7,406,531 $253,810
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