FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION

BROOKLYN, NY, 11217-4596 (718) 237-2017 Est. 2003 EIN 47-0919280
L20— Housing & Shelter Form 990 501(c)(4)

Mission

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

Financials

Total Revenue
$426,785
Total Expenses
$569,248
Net Assets
$-1,940,771
From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve
40.9 months deficit Deficit
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 10.0%
Expenses ↑ 0.1%
Revenue Sources
Contributions 11.2% Earned revenue 87.3% Other 1.0%
Expense Breakdown
Program 81.3% Management 18.7%

Officers & Key Employees (3)

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

Grants Received (1)

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Filing History (2 filings)

YearRevenueExpensesNet Assets
2022 Form 990$426,785 ↑$569,248$-1,940,771
2020 Form 990$384,835 $619,310$-1,703,508

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EIN: 47-0919280 · Source: IRS Form 990 e-file data