Southside United Housing Development Fund Corporation
Only null% goes to programs Strong reserves Growing revenue
Southside United Housing Development Fund Corporation is a 501(c)(3) organization based in Brooklyn, New York, registered in 1973, with $8,871,617 in FY2024 revenue. CharityIndex grades it B.
434 South 5th Street, Brooklyn, NY, 11211 EIN 11-2268359 Since 1973
Revenue (FY2024)
$8.9M
▲ 48.2% vs prior year
Housing median: $408K
Expenses (FY2024)
$7.2M
Net assets
$12.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Southside United Housing Development Fund Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +19% 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 Southside United Housing Development Fund Corporation: 20 mo reserves · +19% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Southside United Housing Development Fund Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Southside United Housing Development Fund Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 434 South 5th Street, Brooklyn, NY, 11211
- City
- Brooklyn
- State
- New York
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Website
- …
Financial trends
Revenue grew from $2.8M (FY2013) to $8.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.9MNet assets $12.1M
Operating margin
19.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14.9M
Total liabilities
$2.9M
Net assets
$12.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,871,617▲48.2% | $7,179,002▲22.1% | $12,053,469▼1.0% | $14,948,957▲3.5% | 990 |
| 2023 | $5,985,423▲0.6% | $5,880,822▲28.5% | $12,171,924▲25.4% | $14,438,228▲31.3% | 990 |
| 2022 | $5,952,196▲9.3% | $4,577,955▲7.2% | $9,704,305▲29.5% | $10,999,226▲27.2% | 990 |
| 2021 | $5,443,874▲14.5% | $4,271,689▼8.6% | $7,496,167▲28.5% | $8,648,352▲13.1% | 990 |
| 2020 | $4,754,758▼1.3% | $4,671,319▼3.0% | $5,833,123▲9.4% | $7,645,351▲14.6% | 990 |
| 2019 | $4,817,659▲26.4% | $4,814,420▲24.6% | $5,331,201▼3.5% | $6,670,543▲0.5% | 990 |
| 2018 | $3,812,420▲26.8% | $3,863,710▲28.3% | $5,526,870▼2.3% | $6,636,965▲6.3% | 990 |
| 2017 | $3,005,913▲18.3% | $3,011,046▲8.9% | $5,657,159▼5.8% | $6,243,341▼5.1% | 990 |
| 2016 | $2,541,595▼10.7% | $2,766,095▲3.6% | $6,007,292▼52.9% | $6,575,473▼50.1% | 990 |
| 2015 | $2,845,019▼69.7% | $2,669,681▲14.4% | $12,766,669▲2.4% | $13,176,455▲1.6% | 990 |
| 2014 | $9,378,384▲229% | $2,333,013▲31.2% | $12,468,564▲131% | $12,973,116▲121% | 990 |
| 2013 | $2,847,365 | $1,778,689▲73.6% | $5,389,601▲24.7% | $5,863,310▲20.9% | 990 |
| 2012 | — | $1,024,530 | $4,320,925 | $4,848,746 | 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.
Grants received · $4.3M total
33 grants to Southside United Housing Development Fund Corporation totaling $4.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hispanic Federation Inc | Food assistance | 2024 | $72,171 |
| City Harvest Inc | Capacity building | 2024 | $15,776 |
| Hispanic Federation Inc | Food assistance | 2024 | $10,048 |
| Food Bank For New York City | Program support | 2023 | $737,999 |
| United Way of New York City | Atlas is comprised of three programs: atlas functional family therapy, atlas innovation fund, and atlas hope (healing, opportunity, progress, empowerment). additionally, uwnyc provides capacity building services to all partners. the mission of atlas is to enhance public safety by providing voluntary, non-court mandated programs through community-based organizations and place-based strategies in neighborhoods that have historically borne the brunt of violence and over-enforcement | 2023 | $181,635 |
| Hispanic Federation Inc | Food assistance | 2023 | $137,878 |
| Food Bank For New York City | Program support | 2022 | $275,795 |
| Hispanic Federation Inc | Hunger relief | 2022 | $192,929 |
| United Way of New York City | Atlas/ons - led by uwnyc and ons, atlas will work in collaboration with uwnycs extensive list of community based organizations (cbo) to provide a suite of services including mentorships family therapy, cognitive behavioral therapy, opportunities for employment and education, and additional resources and supports to individuals awaiting trial who choose to participate in the program. at the same time, atlas improves the vitality and safety of a community by strengthening local organizations and elevating community-driven public safety. | 2022 | $137,701 |
| Food Bank For New York City | Program support | 2021 | $413,934 |
| Hispanic Federation Inc | Food assistance hunger relief | 2021 | $223,937 |
| Food Bank For New York City | Program support | 2020 | $318,741 |
| United Jewish Appeal Federation of Jewish Philanthropies of Ny Inc | Caring | 2020 | $5,000 |
| Food Bank For New York City | Program support | 2019 | $240,242 |
| Local Initiatives Support Corporation | See part iv | 2019 | $37,500 |
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Frequently asked questions
- Is Southside United Housing Development Fund Corporation a legitimate nonprofit?
- Yes. Southside United Housing Development Fund Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-2268359, based in Brooklyn, New York. Donations are tax-deductible.
- What is Southside United Housing Development Fund Corporation's EIN?
- Southside United Housing Development Fund Corporation's Employer Identification Number (EIN) is 11-2268359.
- How much revenue does Southside United Housing Development Fund Corporation report?
- Southside United Housing Development Fund Corporation reported $8,871,617 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Southside United Housing Development Fund Corporation have?
- CharityIndex grades Southside United Housing Development Fund Corporation B, based on financial health (reserves and operating margin).
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Data for Southside United Housing Development Fund Corporation (EIN 11-2268359) 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.