SOUTHSIDE UNITED HOUSING DEVELOPMENT FUND CORPORATION

BROOKLYN, NY, 11211-1727 (718) 387-3600 Est. 1972 EIN 11-2268359

L21B - Housing & Shelter 990 - Public charity return 501(c)(3)

Mission

TO CREATE A GROWING AND SATISFAYING COMMUNITY WITH THE INVOLVEMENT AND PARTICIPATION OF THE RESIDENTS OF THE WILLIAMSBURG COMMUNITY IN THE BUILDING OF A MORE HUMANE ENVIRONMENT.

Financials

Total Revenue

$8,871,617

Total Expenses

$7,179,002

Net Assets

$12,053,469

79 employees 16 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

20.1 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 48.2%

Expenses ↑ 22.1%

Revenue Sources

Contributions 54.4% Earned revenue 43.5% Investment 0.8% Other 1.0%

Expense Breakdown

Program 96.5% Management 3.5%

Officers & Key Employees (19)

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Grants Received (37)

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Filing History (5 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$8,871,617 ↑	$7,179,002	$12,053,469
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$5,985,423 ↑	$5,880,822	$12,171,924
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$5,952,196 ↑	$4,577,955	$9,704,305
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$4,754,758 ↑	$4,671,319	$5,833,123
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$3,812,420	$3,863,710	$5,526,870