CABRINI HOUSING DEVELOPMENT FUND CORPORATION Charity Report

Public IRS 990 nonprofit record

CABRINI HOUSING DEVELOPMENT FUND CORPORATION

EIN 02-0663534 · Low-Income & Subsidized Rental Housing (L21)

What they do

CABRINI HOUSING DEVELOPMENT FUND CORPORATION (HDFC) BEGAN ITS OPERATIONS IN OCTOBER 2005 to PROVIDE AFFORDABLE HOUSING to THE VERY LOW INCOME and HANDICAPPED, ELDERLY POPULATION. THE GOAL: to MAXIMIZE RESIDENTS ABILITY to MAINTAIN THEIR INDEPENDENCE WHILE "AGING IN PLACE." THE RESIDENCE PROVIDES SECURITY, COMMUNITY, and CONTINUITY, IMPORTANT HOUSING FEATURES for AGING RESIDENTS THAT OTHER HOUSING ASSISTANCE PROGRAMS MAY NOT PROVIDE. CONSISTING of 70 ONE BEDROOM APARTMENTS, CABRINI HDFC HOUSED 84 RESIDENTS IN 2024 of WHICH 68 of THE HOUSEHOLD UNITS ARE CATEGORIZED AS EXTREMELY LOW INCOME (LESS THAN $32,650 for A ONE PERSON HOUSEHOLD and $37,300 for A TWO PERSON HOUSEHOLD). VERY LOW INCOME IN THE NYC REGION is DEFINED AS A HOUSEHOLD WITH AN INCOME of LESS THAN $54,350 for A ONE PERSON HOUSEHOLD and $62,150 for A TWO PERSON HOUSEHOLD.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders9 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

115.26%of revenue went to mission work92.3% of expenses · Program services

$124.84spent for every $100 of revenueSpending was higher than revenue this year.

9.58%of revenue went to management and office costs7.7% of expenses

$9.09in assets for every $1 spent this yearSome assets cannot be spent right away.

71.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $245,100 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $87,910 for DAVID ARDITTI (ASSISTANT TREASURER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$986,781

Mission workProgram services$1,137,392115.26% of revenue92.3% of expenses

ManagementOffice and general costs$94,4899.58% of revenue7.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$1,231,881124.84% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 92.3% mission · 7.7% management · 0.0% fundraisingTotal expenses: 124.84% of revenue

2023Expense mix: 91.8% mission · 8.2% management · 0.0% fundraisingTotal expenses: 126.40% of revenue

2022Expense mix: 91.3% mission · 8.7% management · 0.0% fundraisingTotal expenses: 131.18% of revenue

2021Expense mix: 91.8% mission · 8.2% management · 0.0% fundraisingTotal expenses: 127.02% of revenue

2020Expense mix: 91.6% mission · 8.4% management · 0.0% fundraisingTotal expenses: 130.48% of revenue

2019Expense mix: 92.0% mission · 8.0% management · 0.0% fundraisingTotal expenses: 126.70% of revenue

2018Expense mix: 91.7% mission · 8.3% management · 0.0% fundraisingTotal expenses: 130.23% of revenue

2017Expense mix: 92.3% mission · 7.7% management · 0.0% fundraisingTotal expenses: 136.07% of revenue

Money in and money out

Revenue$986,781

Expenses$1,231,881

Annual shortfall $245,100 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,137,392 · 92.3% of expenses

Management and office costs$94,489 · 7.7% of expenses

See all reported dollar amounts

Revenue$986,781

Expenses$1,231,881

Assets$11,200,329

Income$986,781

Contributions$704,267

Mission work (program services)$1,137,392

Management and general$94,489

Executive compensation (total)$12,146,209

Accounting fees$20,364

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DAVID ARDITTIASSISTANT TREASURER $87,910Base · Other $87,910

PATRICIA KRASNAUSKYPRESIDENT $42,480Base · Other $42,480

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (9)

DAVID ARDITTIASSISTANT TREASURER

PATRICIA KRASNAUSKYPRESIDENT

DEBORAH LYNCHDIRECTOR

DONALD AMORUSODIRECTOR

JAMES MIGLIORECHAIR

JAMES LEE ESQTREASURER

SR ARLENE VAN DUSEN MSCSECRETARY

SR CATHERINE GARRY MSCVICE CHAIR

SUSAN STRANGIOASSISTANT SECRETARY

About this charity

Recognized since: January 1946
Location: 220 EAST 19TH STREET, NEW YORK, NY 10003
County: New York
In care of: BONITA BURKE
Primary officer: BONITA BURKE, CEO

How to reach them

WebsiteVisit the charity’s website Phone(212) 673-6262 Officer phone(212) 358-6265

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: PKF OCONNOR DAVIES ADVISORY LLC
NTEE classification: Low-Income & Subsidized Rental Housing (L21)
IRS tax category: Low-Income & Subsidized Rental Housing