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ST Margarets House Housing Development Fund Corporation

Public charityFed auditsIRS 990
DBA: % YURI KLARVIT/ ST MARGARETS
Other · NEW YORK, NY · EIN 13-2947394

About

ST. Margaret's house housing development fund corporation (SMH) provides housing for low-income older adults and mobility impaired disabled persons. Our facility consists of a twenty story residential building with 251 apartments, along with two wings for tenant/community events and programs. SMH takes pride in being an active and positive community leader, serving as a role model that benefits our residents, staff, and the broader community. The highlights of our activities include educational events, recreation activities, being a good neighbor by being a community destination, and hosting cultural celebrations. In the past year, SMH continued to make a positive and significant impact on the tentants and the wider community while maintaining a strong financial position.

In care of YURI Klarvit/ ST Margarets

Donations are tax-deductible
Category
Other
Employees
12
Volunteers
25

Financial Snapshot

FY ending 2024-12-31
Revenue
$12.2M
Expenses
$10.6M
Assets
$32.1M
Liabilities
$63.8M

Financial history

$12.2M$6.1M$0
161718192021222324
RevenueExpenses
Latest FY2024: $12.2M · Avg: $9.2M
ST MARGARETS HOUSE HOUSING DEVELOPMENT FUND CORPORATION
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Address

49 Fulton Street
New YORK, NY, 10038-183

Governance

Voting board members17
Independent members17
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %100.0%
Permanent endowment %0.0%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
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