Fordham Bedford Housing Corp in Bronx, New York (NY)

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Fordham Bedford Housing Corp
Employer Identification Number (EIN)133010578
Name of OrganizationFordham Bedford Housing Corp
Address2751 Grand Concourse, Bronx, NY 10468-3001
ActivitiesDescribed in section 509(a)(2) of the Code, Low and moderate income housing
SubsectionCharitable Organization
Ruling Date08/1980
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$32,431,564
Amount of Income$7,343,244
Form 990 Revenue Amount$7,343,244
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Public Housing Facilities


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Amount of income in 2011: $7,343,244 (it was $8,262,240 in 2010)
Fordham Bedford Housing Corp: 

 $7,343,244
Other organizations performing similar types of work: 

 $524,111

Assets in 2011: $32,431,564 (it was $29,141,245 in 2010)
This organization: 

 $32,431,564
Other organizations performing similar types of work: 

 $748,231

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$7,343,244
Contributions, Gifts, Grants and Other Similar Amounts$270,300
Program Service Revenue$6,840,193
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$222,951
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$9,800
Statement of Functional Expenses (for 2011)
Total functional expenses$3,888,426
Compensation of current officers, directors, trustees, and key employees$966,574
Other salaries and wages$1,309,901
Payroll taxes$170,895
Professional fundraising services$0
Other$1,441,056
Balance Sheet (for 2011)
Total assets$32,431,564
Total liabilities$4,119,110
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$4,119,110
Total net assets or fund balances$28,312,454
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$39,028,283
Gifts, grants, contributions, and membership fees received$6,461,434
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$31,455,438
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$1,009,341
Other$102,070
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Fordham Bedford Housing Corp2751 Grand Concourse, Bronx, NY 10468-3001NY1980-08$7,343,244
2Opportunities Services Corporation140 W Maplewood Ave, Philadelphia, PA 19144-3307PA1987-04$254,962
Number of organizations performing similar types of work
District of Columbia1
New Mexico1
New York3
Pennsylvania1
Total6

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