Public Charity

Promesa Housing Development Fund Corporation Inc

Promesa Housing Development Fund Corporation Inc is a Public Charity headquartered in Bronx, NY. Financial data from the 2024 filing: $5.7M revenue, $7.1M expenses, $50.7M total assets. 2 publicly reported grants to this organization, totaling roughly $66K, appear in IRS filings.

EIN: 133608906 Bronx, NY Community Coalitions NTEE: S21 Latest filing: 2024
Total Revenue$5.7M
Total Expenses$7.1M
Total Assets$50.7M
Grant Records2
Funding Total$66K
Filing Years2019–2024

Mission

TO COMBAT COMMUNITY DETERIORATION AND LESSEN NEIGHBORHOOD TENSIONS THROUGH THE RESIDENTIAL REVITALIZATION OF THE BRONX AND ADJACENT AREAS OF BRONX COUNTY.

Where $100 goes at Promesa Housing Development Fund Corporation Inc

How Promesa Housing Development Fund Corporation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$93 Programs the work itself
$7 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $93 for programs

$93
The entity was founded to combat community deterioration and lessen neighborhood tensions through the residential revitalization of Bronx county, new york
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

SR. VP OF AFFORABLE HOUSING Anne-Marie A Hendrickson
MEMBER Arnie Segarra
VICE CHAIR Carmen S Melero
CONSTRUCTION DIRECTOR Cornelia Narovici
DIRECTOR - HOUSING DEVELOPMENT David Almonte
CHAIR Eliezer Rodriguez Esq

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$65,500 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $5.7M $7.1M $50.7M
2023 $7.8M $9.7M $46.5M
2022 $8.0M $9.5M $46.2M
2020 $10.3M $9.8M $29.1M
2019 $12.7M $9.6M $28.3M

Between 2019 and 2024, reported annual revenue declined from $12.7M to $5.7M (-55%), with total assets most recently reported at $50.7M.

Interactive year-over-year charts and full filing details available with membership.

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