Nycha I Housing Developement Fund Corporation
100% goes to programs $0 to raise $100 Thin reserves Growing revenue
Nycha I Housing Developement Fund Corporation is a 501(c)(3) organization based in New York, New York, registered in 2012, with $209,031,743 in FY2024 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
250 Broadway, New York, NY, 10007 EIN 80-0546640 Since 2012
Revenue (FY2024)
$209.0M
▲ 640.1% vs prior year
Housing median: $408K
Expenses (FY2024)
$62.3M
Net assets
-$729.8M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
C+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Nycha I Housing Developement Fund Corporation: 100% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +70% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Nycha I Housing Developement Fund Corporation: 0 mo reserves · +70% margin earns a F on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Nycha I Housing Developement Fund Corporation: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Nycha I Housing Developement Fund Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To faciliate housing for persons of low income in new york city.
Contact & location
- Address
- 250 Broadway, New York, NY, 10007
- City
- New York
- State
- New York
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $28.2M (FY2023) to $209.0M (FY2024) across 2 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.1BNet assets -$729.8M
Operating margin
70.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$375.9M
Total liabilities
$1.1B
Net assets
-$729.8M
Salaries & benefits
$6.6M
11% of expenses
Board members
4
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $209,031,743▲640% | $62,311,029 | -$729,802,008▼2686% | $375,894,688▲1232% | 990 |
| 2023 | $28,244,135 | $0 | $28,219,084 | $28,219,084 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Annika Lescott-martinez | First Financial Officer | 0.1 | — |
| David Rohde | Secretary and Treasurer | 0.1 | — |
| Eva Trimble | Vice President | 0.1 | — |
| Georgiana Okoroji | Assistant Treasurer | 0.1 | — |
| Jeffrey Lesnoy | Chief Accounting Officer | 0.1 | — |
| Lisa Bova-hiatt | President & Ceo | 0.1 | — |
| Victor Gonzalez | Member | 0.1 | — |
Grants received · $13K total
1 grant to Nycha I Housing Developement Fund Corporation totaling $13K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The New York and Presbyterian Hospital | Support | 2022 | $13,140 |
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Frequently asked questions
- Is Nycha I Housing Developement Fund Corporation a legitimate nonprofit?
- Yes. Nycha I Housing Developement Fund Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 80-0546640, based in New York, New York. Donations are tax-deductible.
- What is Nycha I Housing Developement Fund Corporation's EIN?
- Nycha I Housing Developement Fund Corporation's Employer Identification Number (EIN) is 80-0546640.
- How much revenue does Nycha I Housing Developement Fund Corporation report?
- Nycha I Housing Developement Fund Corporation reported $209,031,743 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Nycha I Housing Developement Fund Corporation's spending goes to programs?
- Nycha I Housing Developement Fund Corporation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Nycha I Housing Developement Fund Corporation have?
- CharityIndex grades Nycha I Housing Developement Fund Corporation C, based on program efficiency and fundraising cost.
- How much does Nycha I Housing Developement Fund Corporation's highest-paid employee make?
- The highest reported compensation on Nycha I Housing Developement Fund Corporation's latest Form 990 is $0, paid to Annika Lescott-martinez (First Financial Officer).
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Data for Nycha I Housing Developement Fund Corporation (EIN 80-0546640) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.