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Fordham Bedford Housing Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133010578 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

Overview

What is Fordham Bedford Housing Corporation?

Fordham Bedford Housing Corporation, located in the Bronx, New York, is a nonprofit organization dedicated to promoting, developing, and managing affordable housing for low-income families. Established with the aim of combating community deterioration in the Fordham Bedford section and surrounding areas of the Northwest Bronx, this organization manages several properties to provide much-needed housing solutions. With a team of 62 dedicated employees, the Fordham Bedford Housing Corporation directly manages low-income housing buildings, offering a vital service to the community.


Official website here: www.fordham-bedford.org/

Is Fordham Bedford Housing Corporation legitimate?

Fordham Bedford Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fordham Bedford Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,837,456
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,561,350

For more financial information, click here


Official website here: www.fordham-bedford.org/

What is the mission statement of Fordham Bedford Housing Corporation?

The Fordham Bedford Housing Corporation was established with the purpose of promoting, developing, and managing affordable housing for low- and moderate-income families. Its mission is to combat community deterioration in the Fordham Bedford section and surrounding areas of the Northwest Bronx. The corporation provides direct property management services for low-income housing buildings, aiming to assist these families in need.


Official website here: www.fordham-bedford.org/

Who is the CEO of Fordham Bedford Housing Corporation?

Heng Ly is the Chief Executive Officer of Fordham Bedford Housing Corporation. The CEO's salary of Fordham Bedford Housing Corporation is $334,452 and their total compensation is $396,704.


Official website here: www.fordham-bedford.org/

What is the revenue of Fordham Bedford Housing Corporation?

Fordham Bedford Housing Corporation's revenue in 2022 was $7,445,904.


Official website here: www.fordham-bedford.org/

Who are the executives of Fordham Bedford Housing Corporation and what are their salaries?

The average compensation at Fordham Bedford Housing Corporation during 2022 was $70,948. There are 62 employees at Fordham Bedford Housing Corporation.

Here are 17 key members and their salaries (Fordham Bedford Housing Corporation's CEO's salary is $334,452 and their total compensation is $396,704):

    Heng Ly (Chief Executive Officer) [Trustee/Director]
  • Compensation: $334,452
  • Related: $0
  • Other: $62,252

    • John M Reilly (Exececutive Director)
  • Compensation: $246,705
  • Related: $0
  • Other: $48,666

    • Rosanna Viera (Director Of Development)
  • Compensation: $211,435
  • Related: $0
  • Other: $39,037

    • Robert Donovan (Director Of Construction)
  • Compensation: $193,553
  • Related: $0
  • Other: $52,475

    • Rachel Nguyen (Asst. Director Fin. Services)
  • Compensation: $176,688
  • Related: $0
  • Other: $49,476

    • Gerard Wollweber (Director Of Leasing)
  • Compensation: $197,215
  • Related: $0
  • Other: $21,520

    • Phuong H Vang (Director Of Financial Services)
  • Compensation: $170,938
  • Related: $0
  • Other: $33,043

    • Erika Martinez (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cheryl Harper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jose Norat (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eileen Hogan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ivan Bohorquez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Daley (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Luis Ortega (President/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • S Lemuria Alawode-El (Directir) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maribel Montilla (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Luis Lugo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.fordham-bedford.org/

    Where can I find the form 990 for Fordham Bedford Housing Corporation?

    The Fordham Bedford Housing Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.fordham-bedford.org/

    Learn more at the official website: www.fordham-bedford.org/

    Mission Statement of Fordham Bedford Housing Corporation

    Fordham Bedford Housing Corporation, established with the purpose of promoting, developing, and managing low and moderate income housing, is dedicated to aiding low-income families and combating community deterioration in the Fordham Bedford area and its surrounding regions in the Northwest Bronx. The organization's primary mission is to provide direct property management for low-income housing buildings, ensuring that these communities remain safe and well-maintained. By offering this service, Fordham Bedford Housing Corporation strives to make affordable housing a reality for those who need it most, ultimately contributing to the overall betterment of the communities it serves.

    Impact

    This information is meant to be a general summary of Fordham Bedford Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 1, 2024

    Fordham Bedford Housing Corporation plays a crucial role in providing direct property management for low-income housing buildings in the Bronx, NY. By promoting, developing, and managing low and moderate-income housing, as well as providing assistance to low-income families, FBHC actively combats community deterioration in the Fordham Bedford section and surrounding areas of the Northwest Bronx. The organization's impact is evident in the tangible improvements in housing availability, affordability, and overall community well-being in these underserved areas. Through their dedicated efforts, FBHC contributes significantly to addressing housing challenges and supporting vulnerable populations in the Bronx.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $307,653
  • Program Service Revenue: $6,898,119
  • Gross Receipts: $7,519,191

    • Assets and Liabilities:
  • Total Assets: $71,176,424
  • Total Liabilities: $7,489,861
  • Net Assets: $63,686,563
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL MANAGEMENT FEES

    Revenue

    $5,659,497

    SOCIAL SERVICE INCOME

    Revenue

    $428,122

    DEVELOPER FEES

    Revenue

    $810,500

    Organization Details

    Founding Year

    1980

    Principal Officer

    Heng Ly

    Main Address

    2751 GRAND CONCOURSE, BRONX, NY, 104683001

    NTEE Category

    Code: L21B - Housing

    If you are a representative of Fordham Bedford Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.