ELMCOR HOUSING DEVELOPMENT FUND CORPORATION

EIN: 843927201 501(c)(3)

Corona, NY

Total Revenue
$713,703
Total Expenses
$302,685
Total Assets
$14,401,101
Net Assets
$410,793
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
SAEEDA l dUNSTON
Phone
7186510096
Tax Period
2023-07-01 to 2024-06-30

ELMCOR HOUSING DEVELOPMENT FUND CORPORATION, founded in 2019, is a small nonprofit that reported $714K in total revenue in fiscal year 2023. The organization ran a surplus of $411K, a strong 58% operating margin.

Mission

The organization seeks to provide housing and related accessory facilities to the broadest range of low and moderate income persons, elderly persons and handicapped persons in need on a nonprofit basis without regard to race, creed, sex and national origin.

Program Service Accomplishments

Program 1
Expenses: $297,835 Revenue: $103,843

The organization seeks to provide housing and related accessory facilities to the broadest range of low and moderate income persons, elderly persons and handicapped persons in need on a nonprofit...

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The organization seeks to provide housing and related accessory facilities to the broadest range of low and moderate income persons, elderly persons and handicapped persons in need on a nonprofit basis without regard to race, creed, sex and national origin.

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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 $609,860
Program Service Revenue $103,819
Investment Income $0
Other Revenue $24
TOTAL REVENUE $713,703

Expense Breakdown

Grants Paid $0
Salaries & Benefits $166,932
Fundraising Expenses $0
Program Expenses $297,835
Other Expenses $135,753
TOTAL EXPENSES $302,685

Year-over-Year Comparison

2023 2022 Change
Revenue $713,703 N/A N/A
Expenses $302,685 N/A N/A
Net Income $411,018 N/A 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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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$226,854
Total Directors
4
$226,854
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
saeeda l dunston President 1.00
Officer Director
$0 $31,076 $226,854
michael-sean spence Director 1.00
Officer Director
$0 $0 $0
nadine juste-beckles Director 1.00
Officer Director
$0 $0 $0
shanel thomas 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 No data No data No data No data
2024 $713,703 $302,685 $14,401,101 $411,018
2023 No data No data $14,906,836 No data
2022 No data $225 $13,445,122 No data
2021 No data No data $897,625 No data
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