RIDGEWOOD BUSHWICK HOMESTEADING ASSISTANCE HDFC
120 WALL STREET NO 2001, NEW YORK, NY 10005

Total Revenue
$626,130
Total Expenses
$645,141
Net Assets
$20,173,197

Organizations Filed Purposes: THE ORGANIZATION'S PURPOSE IS TO TAKE TITLE AND SERVE AS INTERIM OWNER AND MANAGER OF LOW-INCOME HOUSING PROJECTS PRIOR TO CONVERSION TO CO-OP GROUPS.

TO FACILITATE FINANCING, PHYSICAL REHABILITATION, AND CO-OP CONVERSION OF CERTAIN MULTI-FAMILY DWELLINGS.

RIDGEWOOD BUSHWICK HDFC IS A JOINT VENTURE BETWEEN UHAB AND RISEBORO COMMUNITY PARTNERSHIP. IT SERVES AS INTERIM OWNER OF 17 FOUR- TO SIX-UNIT BUILDINGS, COMPRISED OF 89 UNITS OF LOW-INCOME HOUSING, IN THE BUSHWICK SECTION OF BROOKLYN. ON BEHALF OF THE HDFC, UHAB FACILITATES FINANCING AND PROVIDES RENOVATION MANAGEMENT AND OVERSIGHT, AS WELL AS RESIDENT TRAINING AND TECHNICAL ASSISTANCE. UHAB WILL ALSO UNDERTAKE THE CREATION OF A COMMUNITY LAND TRUST AND THE COOPERATIVE CONVERSION LEGAL WORK FOR THIS SCATTER-SITE AFFORDABLE HOUSING DEVELOPMENT, WHICH IS BECOMING A COMMUNITY COOPERATIVE ON A LAND TRUST. RISEBORO COMMUNITY PARTNERSHIP HAS BEEN RESPONSIBLE FOR THE MANAGEMENT OF THE BUILDINGS AND RESIDENT RELOCATION DURING CONSTRUCTION, WHICH IS COMPLETED ON ALL BUILDINGS. WE ARE AWAITING APPROVAL OF THE COMMUNITY LAND TRUST/COOPERATIVE OFFERING FROM THE NEW YORK STATE ATTORNEY GENERAL

Executives Listed on Filing

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

NameTitleHours Per WeekTotal Salary
Richard HeitlerSECRETARY/TREASURER1$0
Scott ShortCO-CHAIR1$0
Andrew ReicherCO-CHAIR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202131379349302788_public.xml