NonprofitsAafe Community Development Fund Inc

Housing & Shelter

Aafe Community Development Fund Inc

NEW YORK, NY

Total revenue

$674K

Total expenses

$739K

Net assets

$4.4M

Grants received

$682K

11 grants

EIN

134103352

Tax year

2024

Mission

Aafe community development fund, inc. Provides targeted technical assistance and affordable second mortgage loans to enhance home-ownership opportunities for low and moderate income residents of new york city.

Programs

1 program

Cdfi and loan program - the cdfi and loan program provides affortable financing to help first-time home buyers in new york city with their downpayments; thus lowering the loan-to-value ratio of their primary mortgage. This progam also offers a range of affordable down payment, emergency repair and home rehabilitation loan products.

Expenses: $306K

Financials

FY 2024

Revenue

Contributions & grants$315K
Program service revenue$108K
Investment income$41K
Other revenue$209K
Total revenue$674K

Expenses

Grants paid
Salaries & benefits$357K
Fundraising
Other expenses$382K
Total expenses$739K
Total assets$6.7M
Net assets$4.4M

People

9 listed

NameRoleCompensation

EDDIE WONG

DEPUTY MANAGING DIRECTOR

Board

$109K

40 hrs/wk

HEIDIE JOO BURWELL

DIRECTOR (OUTGOING)

Board

1 hrs/wk

JIM BURKE

DIRECTOR

Board

1 hrs/wk

LYDIA TOM

DIRECTOR

Board

1 hrs/wk

THOMAS YU

PRESIDENT/ED

Board

1 hrs/wk

JENNY YANG

DIRECTOR

Board

1 hrs/wk

JESSIE LEE

MANAGING DIRECTOR

Board

5 hrs/wk

DONNA CHIU

DIRECTOR

Board

1 hrs/wk

JOY SUZANNE GRANADO

CHIEF ACCOUNTING OFFICER (OUTGOING)

Board

1 hrs/wk

Grants received

Showing 11 of 11

FromAmountPurposeYear
$89K
GOLDMAN SACHS AND HUD PASS THROUGH GRANT TO AAFE CDF
2024
$45K
Counseling Services
2024
$5K
General & Unrestricted
2024
$207K
HUD PASS THROUGH TO AAFE CDF
2023
$45K
Financial Counseling & Technology
2023
$45K
Financial Counseling & Technology
2023
$50K
Financial Counseling & Technology
2022
$50K
Financial Counseling & Technology
2022
$5K
program support - homeownership counseling & workshops
2022
$92K
HOUSING & LEGAL COUNSELING
2020
$50K
COVID-19 GRANT
2020

Funded by

$682K from 5 funders · 11 grants · 2020–2024

Asian Americans For Equality Inc

$296K · 2 grants · 2023–2024

New York Mortgage Coalition Inc

$235K · 5 grants · 2022–2024

The Center For New York City

$92K · 1 grant · 2020

Opportunity Finance Network

$50K · 1 grant · 2020

Webster Bank Charitable Foundation

$10K · 2 grants · 2022–2024

Details

EIN134103352
NTEE codeL80
Subsection03
Ruling date2000-09
Formed2000
Employees3
Volunteers4
AAFE COMMUNITY DEVELOPMENT FUND INC — Mission, Financials & Grants Received | Grantivo