FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION

BROOKLYN, NY, 11217-4596 (718) 237-2017 Est. 2008 EIN 26-4642733
L20— Housing & Shelter Form 990 501(c)(4)
FIFTHAVE.ORG

Mission

THE MISSION OF THE ORGANIZATION IS TO OWN, DEVELOP AND OPERATE APARTMENT BUILDINGS FOR QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA.

Financials

Total Revenue
$321,980
Total Expenses
$384,029
Net Assets
$-1,123,593
From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve
35.1 months deficit Deficit
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 11.2%
Expenses ↑ 1.7%
Revenue Sources
Contributions 6.2% Earned revenue 93.5%
Expense Breakdown
Program 85.7% Management 14.3%

Officers & Key Employees (4)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Grants Received (2)

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Filing History (2 filings)

YearRevenueExpensesNet Assets
2022 Form 990$321,980 ↑$384,029$-1,123,593
2020 Form 990$232,046 $388,542$-999,270

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EIN: 26-4642733 · Source: IRS Form 990 e-file data