New York · Nonprofit
Promesa Housing Development Fund Corporation Inc
Promesa Housing Development Fund Corporation Inc (New York) receives grants from 2 organizations whose IRS filings report $65,500 to it, the largest being The Julio A Martinez Memorial Fund ($37,000). 0 of them have funded it in more than one year.
Against its field
Promesa Housing Development Fund Corporation Inc holds deeper cash reserves than three-quarters of the 4,197 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,197 community improvement nonprofits $1M–$10M, FY2024
Three funders worth looking at
Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.
- The Bronx Community Foundation Inclocalportfolio match
- New Yankee Stadium Community Benefits Fund Inclocalportfolio match
- Phipps Housesportfolio match
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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.
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%. Grants only. Government contracts and fees sit inside program revenue.
7% of Promesa Housing Development Fund Corporation Inc’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of Promesa Housing Development Fund Corporation Inc’s funders (the co-funder graph). Association, not causation.
How concentrated its funding is
Promesa Housing Development Fund Corporation Inc leans on a few funders — its largest provides 56% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration.
Where its funders are
100% of Promesa Housing Development Fund Corporation Inc's grant income comes from New York funders.
Funder states come from each funder’s own filing.
Funders to approach
Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.
- The Bronx Community Foundation Inclocalportfolio matchNY · funds 50 organizations near you · its grantees resemble your mission
- New Yankee Stadium Community Benefits Fund Inclocalportfolio matchNY · funds 132 organizations near you · its grantees resemble your mission
- Phipps Housesportfolio matchits grantees resemble your mission
- The Center for New York City Neighborhoods Incportfolio matchits grantees resemble your mission
- Hester Street Collaborative Incportfolio matchits grantees resemble your mission
- New York Communities Organizing Fund Incportfolio matchits grantees resemble your mission
- The Community Preservation Corporationportfolio matchits grantees resemble your mission
- New York Mortgage Coalition Incportfolio matchits grantees resemble your mission
- Association for Neighborhood & Housing Developmentportfolio matchits grantees resemble your mission
- Enterprise Community Partners Incportfolio matchits grantees resemble your mission
- Voices of Community Activists & Leaders (Vocal-Ny) Incportfolio matchits grantees resemble your mission
- New York Foundationportfolio matchits grantees resemble your mission
From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.
Organizations like Promesa Housing Development Fund Corporation Inc
Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of 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
92% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 116 related entities
- 1068 Franklin Avenue Housing Development · exempt
- 1675 Westchester Avenue Housing Developm · exempt
- 414-418 East 119th Street Greenhope Hous · exempt
- 458 W 143rd Street HDFC · exempt
- 607 Concord Avenue Housing Development F · exempt
Screen this organization
A dated, signed PDF of the compliance screen for Promesa Housing Development Fund Corporation Inc: 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. How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Promesa Housing Development Fund Corporation Inc?
- Promesa Housing Development Fund Corporation Inc (New York) receives grants from 2 organizations whose IRS filings report $65,500 to it, the largest being The Julio A Martinez Memorial Fund ($37,000). 0 of them have funded it in more than one year.
- How many funders does Promesa Housing Development Fund Corporation Inc have?
- IRS filings report 2 organizations giving $65,500 in grants to Promesa Housing Development Fund Corporation Inc.
- Who is the largest funder of Promesa Housing Development Fund Corporation Inc?
- The Julio A Martinez Memorial Fund is the largest funder on record, with $37,000 in grants. The full list of funders is on this page.
- How can an organization like Promesa Housing Development Fund Corporation Inc 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.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2funders 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. What this page cannot tell you · view filing