AAFE COMMUNITY DEVELOPMENT FUND INC
2 ALLEN STREET 7TH FLOOR, NEW YORK, NY 10002 www.aafecdf.org

Total Revenue
$475,721
Total Expenses
$698,954
Net Assets
$4,298,616

Organizations Filed Purposes: AFFE COMMUNITY DEVELOPMENT FUND, INC. PROVIDES TARGETED TECHNICAL ASSISTANCE AND AFFORDABLE SECOND MORTGAGE LOANS TO ENHANCE HOME-OWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME RESIDENTS OF NEW YORK CITY, INCLUDING ASIAN-AMERICANS, MINORITIES AND IMMIGRANTS.

CDFI AND LOAN PROGRAM - THE CDFI AND LOAN PROGRAM PROVIDES AFFORDABLE FINANCING TO HELP FIRST-TIME HOME BUYERS IN NEW YORK CITY WITH THEIR DOWNPAYMENTS; THUS LOWERING THE LOAN-TO-VALUE RATIO OF THEIR PRIMARY MORTGAGE. THIS PROGRAM ALSO OFFERS A RANGE OF AFFORDABLE DOWN PAYMENT, EMERGENCY REPAIR AND HOME REHABILITATION LOAN PRODUCTS.

HOME OWNERSHIP PROGRAM - THIS PROGRAM PROVIDES TARGETED TECHNICAL ASSISTANCE TO ENHANCE HOMEOWNERSHIP FOR LOW AND MODERATE INCOME ASIAN-AMERICANS AND OTHER MINORITY AND IMMIGRANT RESIDENTS OF NEW YORK CITY. SERVICES INCLUDE: FIRST TIME HOMEBUYER TRAINING, MORTGAGE REFERRAL AND ORIGINATION, HOMEOWNERSHIP RETENTION, LANDLORD COUNSELING, AND MORTGAGE DELINQUENCY AND DEFAULT RESOLUTION.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Eddie WongDEPUTY MANAGING DIRECTOR35$64,414
Jessie LeeMANAGING DIRECTOR35$0
Chris MalliosDIRECTOR OF FINANCE1$0
Thomas YuCO-EXECUTIVE DIRECTOR1$0
Mariadele PriestSECRETARY0.25$0
Lydia TomDIRECTOR0.25$0
Jennifer SunCO-EXECUTIVE DIRECTOR1$0
Heidie Joo BurwellDIRECTOR0.25$0
Donna ChiuDIRECTOR0.25$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202013219349314471_public.xml