Village Housing Development Fund Corporation

EIN: 311619096 501(c)(3) Housing & Shelter

New York, NY

Total Revenue
$5,859,158
Total Expenses
$5,833,505
Total Assets
$8,959,875
Net Assets
$-2,070,667
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Phone
2123375710
Tax Period
2023-01-01 to 2023-12-31

Village Housing Development Fund Corporation, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $5.9M in total revenue in fiscal year 2023.

Mission

VILLAGE HOUSING DEVELOPMENT FUND CORPORATION (VHDFC) OPERATES A MEDICAID ASSISTED LIVING, INDEPENDENT LIVING, AND ENRICHED HOUSING PROGRAM.

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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 $1,546,113
Program Service Revenue $4,287,393
Investment Income $25,652
Other Revenue $0
TOTAL REVENUE $5,859,158

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,449,098
Fundraising Expenses $0
Program Expenses $5,216,735
Other Expenses $3,384,407
TOTAL EXPENSES $5,833,505

Year-over-Year Comparison

2023 2022 Change
Revenue $5,859,158 $5,912,679 0.0%
Expenses $5,833,505 $5,912,679 0.0%
Net Income $25,653 $0 N/A
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
8
Independent Members
7
Employees
38
Volunteers
7

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
$2,120,919
Total Directors
8
$1,458,043
Key Employees
2
$1,135,354
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A President and CEO 2.8
Officer Director
$0 $84,486 $1,458,043
N/A Chair 0.1
Officer Director
$0 $0 $0
N/A Treasurer 0.1
Officer Director
$0 $0 $0
N/A Treasurer 0.1
Officer Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director (through 5/23) 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A CFO 2.8
Officer
$0 $35,797 $662,876
N/A Chief Legal Officer 3.5
Key Emp
$0 $74,801 $771,972
N/A SVP of Program Operations 17.5
Key Emp
$308,333 $55,049 $363,382
N/A ALP Nurse Manager (through 11/23) 35.0
Highest
$116,128 $25,270 $141,398
N/A Program Services Coordinator 35.0
Highest
$108,869 $15,800 $124,669
N/A Resident Experience Case Manager 35.0
Highest
$111,071 $5,438 $116,509
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 $5,859,158 $5,833,505 $8,959,875 $25,653
2022 $5,912,679 $5,912,679 $10,098,334 No data
2021 $5,851,197 $5,851,197 $14,049,101 No data
2020 $6,596,699 $6,596,699 $11,707,072 No data
2019 $6,317,200 $5,133,178 $10,800,102 $1,184,022
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