FAC HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION

BROOKLYN, NY, 11217-4596 (718) 237-2017 Est. 1998 EIN 11-3440267
L25— Housing & Shelter Form 990 501(c)(3)

Mission

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

Financials

Total Revenue
$102,573
Total Expenses
$155,308
Net Assets
$328,159
From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve
2.1 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 3.7%
Expenses ↑ 9.4%
Revenue Sources
Contributions 24.4% Earned revenue 69.8% Other 6.0%
Expense Breakdown
Program 85.5% Management 14.5%

Officers & Key Employees (3)

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$102,573 ↑$155,308$328,159
2020 Form 990$85,318 $135,860$416,325

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EIN: 11-3440267 · Source: IRS Form 990 e-file data