Greater Harlem Housing Development Corporation
Overview
Mission
The greater harlem housing development corporation mission is to develop, build, rehabilitate and/or own housing for low and moderate income persons in the harlem community.
What it reported doing in 2024
Rental and rehabilitation of housing for low income individuals and families
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
Nonprofit profile at a glance
- EIN
- 133773591
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 2128627200
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $185,000
- Expenses
- $151,400
- Assets
- $488,600
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 82
- Sustainability: 68
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.4%; rating input score 78
- Program expense ratio: 95.8%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 18.2%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 3.23; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -7.3% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: -6% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 78.4% of revenue deployed · 95.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $145K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
Leadership & pay
5 people listed
People named in this filing
- LLOYD WILLIAMS (PRESIDENT)
- VOZA RIVERS (VICE PRESIDENT)
- LOUIS KATSOS (2ND VICE CHAIR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024.