ACTORS FUND HOUSING DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

ACTORS FUND HOUSING DEVELOPMENT CORPORATION

EIN 80-0522071 · Low-Income & Subsidized Rental Housing (L21)

What they do

to DEVELOP AFFORDABLE HOUSING for THE PERFORMING ARTS COMMUNITY THAT IMPROVES LIVES, FOSTERS ECONOMIC DEVELOPMENT and REVITALIZES COMMUNITIES. (CONTINUED IN SCHEDULE O).A SUBSIDIARY of THE ACTORS FUND, AFHDC WAS CREATED to DEVELOP NEW AFFORDABLE HOUSING for THE PERFORMING ARTS and ENTERTAINMENT COMMUNITY. AFHDC BRINGS TOGETHER EDUCATIONAL PROGRAMMING, ADVOCACY, MARKETING and REAL ESTATE DEVELOPMENT WITH THE GOAL of INCREASING ACCESS to AFFORDABLE HOUSING OPPORTUNITIES for OUR CONSTITUENTS.OUR HOUSING PORTFOLIO CONSISTS of 585 UNITS IN NEW YORK and LOS ANGELES, WITH ANOTHER 158 IN DEVELOPMENT:- THE HOLLYWOOD ARTS COLLECTIVE IN HOLLYWOOD, CALIFORNIA- THE PALM VIEW IN WEST HOLLYWOOD, CALIFORNIA- THE DOROTHY ROSS FRIEDMAN RESIDENCE (FORMERLY THE AURORA) ON THE WEST SIDE of MANHATTAN- THE SCHERMERHORN IN DOWNTOWN BROOKLYN- RIALTO WEST IN HELLS KITCHEN, NEW YORK (IN DEVELOPMENT)

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $99.30 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 leaders22 people are listed in the latest report.

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

Money made simple

104.79%of revenue went to mission work99.3% of expenses · Program services

$105.52spent for every $100 of revenueSpending was higher than revenue this year.

0.73%of revenue went to management and office costs0.7% of expenses

$6.51in assets for every $1 spent this yearSome assets cannot be spent right away.

22.0%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 $237,624 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $112,457 for BARBARA DAVIS (SECRETARY). 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$4,307,187

Mission workProgram services$4,513,377104.79% of revenue99.3% of expenses

ManagementOffice and general costs$31,4340.73% of revenue0.7% of expenses

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

Total expenses$4,544,811105.52% 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: 99.3% mission · 0.7% management · 0.0% fundraisingTotal expenses: 105.52% of revenue

2023Expense mix: 99.4% mission · 0.6% management · 0.0% fundraisingTotal expenses: 21.96% of revenue

2022Expense mix: 99.4% mission · 0.6% management · 0.0% fundraisingTotal expenses: 136.18% of revenue

2021Expense mix: 99.3% mission · 0.7% management · 0.0% fundraisingTotal expenses: 126.37% of revenue

2020Expense mix: 98.7% mission · 1.3% management · 0.0% fundraisingTotal expenses: 87.67% of revenue

2019Expense mix: 99.1% mission · 0.9% management · 0.0% fundraisingTotal expenses: 95.82% of revenue

2018Expense mix: 99.3% mission · 0.7% management · 0.0% fundraisingTotal expenses: 135.21% of revenue

2017Expense mix: 99.0% mission · 1.0% management · 0.0% fundraisingTotal expenses: 134.91% of revenue

Money in and money out

Revenue$4,307,187

Expenses$4,544,811

Annual shortfall $237,624 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)$4,513,377 · 99.3% of expenses

Management and office costs$31,434 · 0.7% of expenses

See all reported dollar amounts

Revenue$4,307,187

Expenses$4,544,811

Assets$29,567,180

Income$4,307,187

Contributions$947,346

Mission work (program services)$4,513,377

Management and general$31,434

Accounting fees$20,946

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

BARBARA DAVISSECRETARY · 10 hrs/week $112,457Base · Other $112,457

JORDAN STROHLDIRECTOR · 1 hrs/week $102,048Base · Other $102,048

CONNIE YOOFORMER TREASURER $100,418Base · Other $100,418

JOSEPH BENINCASAPRESIDENT · 10 hrs/week $91,971Base · Other $91,971

KEITH MCNUTTVICE PRESIDENT · 10 hrs/week $78,448Base · Other $78,448

KAREN WANGTREASURER · 10 hrs/week $49,071Base · Other $49,071

DANIEL ARNOW - VICE PRESIDENT& EXECUTIVE DIRECTOR · 10 hrs/week $16,075Base · Other $16,075

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 (22)

BARBARA DAVISSECRETARY

JORDAN STROHLDIRECTOR

CONNIE YOOFORMER TREASURER

JOSEPH BENINCASAPRESIDENT

KEITH MCNUTTVICE PRESIDENT

KAREN WANGTREASURER

DANIEL ARNOW - VICE PRESIDENT& EXECUTIVE DIRECTOR

WENDY ROWDENDIRECTOR

ABBY HAMLINDIRECTOR

TONY SALAZARDIRECTOR

STEWART LANEDIRECTOR

STEVE WEISSDIRECTOR (THRU 06/2024)

SHAWN ESCOFFERYDIRECTOR (AS OF 09/2024)

ROCCO LANDESMANDIRECTOR

ROBERT WANKELCHAIR

ROBERT MCDONOUGHDIRECTOR (AS OF 09/2024)

MARCUS RANDOLPHDIRECTOR

LAURA SEGURADIRECTOR

JOSEPH WENDERDIRECTOR (THRU 06/2024)

IRWIN JAY DEUTCHDIRECTOR

DAVID WALSHDIRECTOR

ANTHONY MARCHETTADIRECTOR

About this charity

Recognized since: January 2011
Location: 729 SEVENTH AVENUE 10TH FL, NEW YORK, NY 10019
County: New York
In care of: KAREN WANG
Primary officer: KAREN WANG, TREASURER

How to reach them

Phone(212) 221-7300

Filing and classification

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