287 HOUSING DEVELOPMENT FUND CORPORATION

EIN: 461958016 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$298,024
Total Expenses
$377,128
Total Assets
$3,320,286
Net Assets
$-543,111
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
KRISTEN ANDREAZZA
Phone
2122656530
Tax Period
2023-01-01 to 2023-12-31

287 HOUSING DEVELOPMENT FUND CORPORATION, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $298K in total revenue in fiscal year 2023. Expenses of $377K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE ACQUISITION, DEVELOPMENT AND MANAGEMENT OF 20 AFFORDABLE RESIDENTIAL HOUSING UNITS LOCATED AT 287 WEST 150TH STREET IN NEW YORK CITY.

Program Service Accomplishments

Program 1
Expenses: $352,705 Revenue: $298,024

ACQUISITION, DEVELOPMENT AND MANAGEMENT OF 20 AFFORDABLE RESIDENTIAL UNITS AT 287 WEST 150TH STREET IN NEW YORK CITY.

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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 $295,819
Investment Income $0
Other Revenue $2,205
TOTAL REVENUE $298,024

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $352,705
Other Expenses $377,128
TOTAL EXPENSES $377,128

Year-over-Year Comparison

2023 2022 Change
Revenue $298,024 $294,257 +0.0%
Expenses $377,128 $385,421 0.0%
Net Income $-79,104 $-91,164 -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
N/A
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
$671,959
Total Directors
3
$671,959
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXA SEWELL PRESIDENT 0.25
Officer Director
$0 $38,386 $328,408
FAZEELA SIDDIQUI VICE PRESIDENT 0.25
Officer Director
$0 $27,311 $134,355
JACQUELINE TOM SECRETARY/TREASURER 0.25
Officer Director
$0 $16,579 $209,196
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 $298,024 $377,128 $3,320,286 $-79,104
2022 $294,257 $385,421 $3,398,560 $-91,164
2021 $292,334 $380,882 $3,501,881 $-88,548
2020 $282,508 $368,029 $3,558,642 $-85,521
2019 $279,077 $388,758 $3,642,502 $-109,681
2018 $354,561 $318,556 $3,752,345 $36,005
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