New York · Nonprofit
FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION
FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION (New York) receives grants from 1 organization whose IRS filings report $65,000 to it, the largest being FIFTH AVENUE COMMITTEE INC ($65,000). 1 of them have funded it in more than one year.
- Revenue FY2025
- $293k
- Funders on record
- 1
- Grants received
- $65k
- Net assets
- $-882984
What Fac Advance Housing Development Fund Corporation does
Mission
The mission of the organization is to own, develop and operate apartment buildings for qualified low income individuals in the brooklyn new york area.
As stated on its FY2025 Form 990.
Program
The corporation was formed to provide low-income housing facilities and operate 12 residential units located at 31 st. Marks place, 258 51st street and 237 fifth avenue in brooklyn, new york (the "project") under the confines of the regulatory agreements with the new york city department of housing preservation and development ("nyc hpd").
$311,299 spent$168,733 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $311,299.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $3.2M to $2.4M (−25%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2024 7% · 2025 6%. Grants only. Government contracts and fees sit inside program revenue.
6% of FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (37% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2022 → 2023: the base held at 1 funder, grant income fell $25k → $20k.
From the IRS filings of FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION receives grants from 1 organization whose IRS filings report $65k to it.
this organization peer median middle 50% of peers· 4,980 housing & shelter nonprofits $100k–$1M, FY2025
Organizations like FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
75% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 40 related entities
- 130 29th Street Housing Development Fund Corporation · exempt
- 50th Street Housing Development Fund Corporation · exempt
- 573 Warren Street Housing Development Fund Corporation · exempt
- 575 Fifth Avenue Housing Development Fund Corporation · exempt
- Fac Homeownership Housing Development Fund Corporation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION?
- FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION (New York) receives grants from 1 organization whose IRS filings report $65,000 to it, the largest being FIFTH AVENUE COMMITTEE INC ($65,000). 1 of them have funded it in more than one year.
- How many funders does FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION have?
- IRS filings report 1 organization giving $65,000 in grants to FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION, 1 of which have funded it in more than one year.
- Who is the largest funder of FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION?
- FIFTH AVENUE COMMITTEE INC is the largest funder on record, with $65,000 in grants. The full list of funders is on this page.
- How can an organization like FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Fac Advance Housing Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing