GRACELAND TERRACE HOUSING DEVELOPMENT FUND CORP

PORT CHESTER, NY | Westchester County
Affordable Housing

Overview

GRACELAND TERRACE HOUSING DEVELOPMENT FUND CORP
04-3732887
180 GRACE CHURCH STREET
PORT CHESTER, NY 10573
Westchester County
(914) 241-3550

Mission Statement info

GRACELAND TERRACE HOUSING DEVELOPMENT FUND CORP. PROVIDES HOUSING ACCOMMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME AS DEFINED IN SECTION 2 OF THE PRIVATE HOUSING FINANCE LAW. THESE HOUSING ACCOMMODATIONS CONSIST OF AN 80 UNIT APARTMENT BUILDING LOCATED IN THE VILLAGE OF PORTCHESTER, COUNTY OF WESTCHESTER, NEW YORK.

Founded info
2004
Total Employees info
0
Total Volunteers info
Not reported
CRA Category info
  • Affordable Housing
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
L22

L - Housing, Shelter

Senior Citizens Housing & Retirement Communities

Residential options exclusively for older adults who want to have a simpler, maintenance-free lifestyle and enjoy the company of peers with common interests, or who require a moderate amount of support in the activities of daily living to maintain independent living.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
623312
Assisted Living Facilities for the Elderly

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$1.2M
Revenue
$166.5K
Assets
$1.4M
Exempt Ruling Date info
2005-03
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
180 GRACE CHURCH STREET
PORT CHESTER, NY 10573
Westchester County
FIPS Geocoded Address info
35620
MSA/CBSA info
36
State info
119
County info
0078.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
New York-Newark-Jersey City, NY-NJ-PA
Combined Statistical Area info
New York-Newark, NY-NJ-CT-PA
Metropolitan Division info
New York-Jersey City-White Plains, NY-NJ
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 87.19%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0078.00 Westchester County
Population
Total Population 4,310 968,890
Total Households 1,214 349,292
Income
Median Family Income (Census*) $45,781 $96,610
Median Family Income (2019 FFIEC) $79,300 N/A
Tract Income Percentage 67.76% N/A
Below Poverty Level 18.0% 8.8%
Unemployment Level 8.9% 5.4%
Housing
Total Housing Units 1,300 374,923
Total Owner-Occupied Units 21.0% 61.4%
Total Renter-Occupied Units 72.4% 38.6%
Total Vacant Units 6.6% 6%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

5
Total Voting Members
in Governing Body
info
5
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Brien McMahon
President
(914) 241-3550
Principal Officer info
Brien McMahon
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.