Civic Intelligence

Aafe Community Development Fund Inc

EIN 13-4103352 • 501(c)3 • New York, NY

Profile

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.

2 Allen Street 7th FloorNew York, NY 10002

www.aafecdf.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.35x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

3.48x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

20th percentile

-9.7%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

23rd percentile

-3.2%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-22%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$6,746,365

Down $225,692 (-3.2%) from 2023

Liabilities

Down

$2,344,654

Down $160,306 (-6.4%) from 2023

Net Assets

Down

$4,401,711

Down $65,386 (-1.5%) from 2023

Revenue

Down

$673,738

Down $185,588 (-22%) from 2023

Expenses

Up

$739,124

Up $17,295 (+2.4%) from 2023

Net Income

Down

-$65,386

Down $202,883 (-148%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $4,718,251Liabilities 2010: $1,338,586Net Assets 2010: $3,379,6652010Assets 2011: $4,989,991Liabilities 2011: $1,410,159Net Assets 2011: $3,579,8322011Assets 2012: $6,790,110Liabilities 2012: $2,765,425Net Assets 2012: $4,024,6852012Assets 2013: $10,230,857Liabilities 2013: $6,093,887Net Assets 2013: $4,136,9702013Assets 2014: $10,216,717Liabilities 2014: $6,059,719Net Assets 2014: $4,156,9982014Assets 2015: $10,437,156Liabilities 2015: $6,170,451Net Assets 2015: $4,266,7052015Assets 2016: $9,483,837Liabilities 2016: $5,117,240Net Assets 2016: $4,366,5972016Assets 2017: $9,265,974Liabilities 2017: $4,692,137Net Assets 2017: $4,573,8372017Assets 2018: $7,964,036Liabilities 2018: $3,442,167Net Assets 2018: $4,521,8692018Assets 2019: $7,543,344Liabilities 2019: $3,244,728Net Assets 2019: $4,298,6162019Assets 2020: $7,666,322Liabilities 2020: $3,402,248Net Assets 2020: $4,264,0742020Assets 2021: $7,541,854Liabilities 2021: $3,261,835Net Assets 2021: $4,280,0192021Assets 2022: $7,122,719Liabilities 2022: $2,793,118Net Assets 2022: $4,329,6012022Assets 2023: $6,972,057Liabilities 2023: $2,504,960Net Assets 2023: $4,467,0972023Assets 2024: $6,746,365Liabilities 2024: $2,344,654Net Assets 2024: $4,401,7112024

Highlighted filing

2024

Assets$6,746,365
Liabilities$2,344,654
Net Assets$4,401,711

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2010: $1,284,199Expenses 2010: $1,287,431Net Income 2010: -$3,2322010Expenses 2011: $1,414,2292011Expenses 2012: $1,373,1132012Revenue 2013: $1,841,972Expenses 2013: $1,729,687Net Income 2013: $112,2852013Revenue 2014: $1,519,859Expenses 2014: $1,499,831Net Income 2014: $20,0282014Revenue 2015: $1,199,289Expenses 2015: $1,089,582Net Income 2015: $109,7072015Revenue 2016: $996,405Expenses 2016: $896,513Net Income 2016: $99,8922016Revenue 2017: $1,180,938Expenses 2017: $973,698Net Income 2017: $207,2402017Revenue 2018: $590,419Expenses 2018: $639,522Net Income 2018: -$49,1032018Revenue 2019: $475,721Expenses 2019: $698,954Net Income 2019: -$223,2332019Revenue 2020: $562,272Expenses 2020: $596,858Net Income 2020: -$34,5862020Revenue 2021: $597,615Expenses 2021: $581,655Net Income 2021: $15,9602021Revenue 2022: $687,283Expenses 2022: $637,701Net Income 2022: $49,5822022Revenue 2023: $859,326Expenses 2023: $721,829Net Income 2023: $137,4972023Revenue 2024: $673,738Expenses 2024: $739,124Net Income 2024: -$65,3862024

Highlighted filing

2024

Revenue$673,738
Expenses$739,124
Net Income-$65,386

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.75$2.34$4.40$0.67$0.74$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.97$2.50$4.47$0.86$0.72$0.14
2022Detailed filing. Detailed filing data is available for this year.$7.12$2.79$4.33$0.69$0.64$0.05
2021Detailed filing. Detailed filing data is available for this year.$7.54$3.26$4.28$0.60$0.58$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.67$3.40$4.26$0.56$0.60$0.03
2019Detailed filing. Detailed filing data is available for this year.$7.54$3.24$4.30$0.48$0.70$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.96$3.44$4.52$0.59$0.64$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.27$4.69$4.57$1.18$0.97$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.48$5.12$4.37$1.00$0.90$0.10
2015Detailed filing. Detailed filing data is available for this year.$10.4$6.17$4.27$1.20$1.09$0.11
2014Detailed filing. Detailed filing data is available for this year.$10.2$6.06$4.16$1.52$1.50$0.02
2013Detailed filing. Detailed filing data is available for this year.$10.2$6.09$4.14$1.84$1.73$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.79$2.77$4.02$1.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$1.41$3.58$1.41
2010Summary only. Only limited summary data is available for this year.$4.72$1.34$3.38$1.28$1.29$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$690,544
Mission and Program Overview

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, including asian-americans, minorities and immigrants.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,998,534$2,911,104▼ $87,430
Cash and Non-Interest-Bearing Accounts$551,267$2,340,184▲ $1,788,917
Other Notes and Loans Receivable, Net$731,337$728,296▼ $3,041
Savings and Temporary Cash Investments$1,506,341$468,086▼ $1,038,255
Pledges and Grants Receivable$63,955$117,456▲ $53,501
Prepaid Expenses and Deferred Charges$7,717$3,020▼ $4,697
Total Assets$6,972,057$6,746,365▼ $225,692
Other Assets Total$1,112,906$178,219▼ $934,687
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,365,617$1,323,961▼ $41,656
Other Liabilities$1,012,632$933,047▼ $79,585
Accounts Payable and Accrued Expenses$126,711$87,646▼ $39,065
Total Liabilities$2,504,960$2,344,654▼ $160,306
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,467,097$4,401,711▼ $65,386
Total Net Assets Fund Balance$4,467,097$4,401,711▼ $65,386
Total Liabilities and Net Assets / Fund Balance$6,972,057$6,746,365▼ $225,692

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,371,104$1,038,617$3,409,721
Land$540,000-$540,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eddie WongDeputy Managing DirectorFT$109,069$19,795$128,864

Board Members and Trustees

NameTitle
Thomas YuPresident/ed
Donna ChiuDirector
Jenny YangDirector
Jim BurkeDirector
Lydia TomDirector
Heidie Joo BurwellDirector (outgoing)
Jessie LeeManaging Director
Joy Suzanne GranadoChief Accounting Officer (outgoing)
Revenue and Support

Revenue Composition

Contributions and Grants
$315,070
Program Service Revenue
$108,344
Investment Income
$41,256
Other Revenue
$209,068
All Other Contributions
$248,213
Change in Net Assets
$-65,386

Audited Revenue Reconciliation

Revenue per Audited Statements
$690,544
Revenue Not Reported on Financial Statements
$-16,806
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-16,806
Total Revenue per Audited Statements
$690,544
Total Revenue per Form 990
$673,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$381,866
Salaries, Compensation, and Employee Benefits$357,258
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$150,890$6,415-$157,305
Current Officers, Directors, Trustees, and Key Employees$128,864--$128,864
Depreciation Depletion$85,323$2,107-$87,430
Interest$84,900$743-$85,643
Occupancy$71,081$1,654-$72,735
Fees for Services Other$27,130$27,672-$54,802
Other Employee Benefits$39,578$1,387-$40,965
Office Expenses$26,045$643-$26,688
Payroll Taxes$25,683$634-$26,317
Insurance$14,636$361-$14,997
Fees for Services Management$5,998$148-$6,146
Pension Plan Contributions$3,639$168-$3,807
Other Expenses$2,302$29-$2,331
All Other Expenses$1,653$41-$1,694
Total Functional Expenses$696,739$42,385$0$739,124

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$755,930
Expenses per Audited Statements$739,124
Total Expenses per Form 990$739,124
Expenses Not Reported on Form 990$16,806
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loans Payable to Affiliates$928,233
Due to Affiliates$4,814
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Aafe community development fund, inc. Is a membership organization with asian americans for equality, inc. As a sole member. Other persons may become a member only after favorable action by the current members and the board of directors of the corporation. The board of directors of the corporation may establish such other criteria for membership as they deem appropriate.

Form 990, Part VI, Section A, Line 7A

Asian americans for equality, inc., being the sole member, is entitled to appoint the directors; provided, however, that in the event that additional persons are accepted as members of the corporation pursuant to section 2.2 of the organization's by-laws, the number of directors to be appointed by each member may be reapportioned by a favorable action of the board of directors.

Form 990, Part VI, Section A, Line 7B

The following corporate actions may not be taken without the approval of the members: (1) any amendment of or change to the certificate of incorporation or (2) a petition for judicial dissolution; (3) disposing of all, or substantially all, of the assets of the corporation, (4) approval of a plan of merger, (5) authorization of a plan of non-judicial dissolution, or (6) revocation of a voluntary dissolution proceeding. (7) remove any director any time with or without cause by a vote.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an independent accountant. At least 7 days prior to filing, the organization distributes a draft form 990 to the board for review. Five days are allowed for feedback, through the board treasurer, before form 990 is finalized and filed with the irs. A copy of the filed form 990 is provided to the board for their records.

Form 990, Part VI, Section B, Line 12C

Directors and officers are issued with a copy of the organization's current conflict of interest (coi) policy upon appointment, and annually thereafter. Directors and officers complete annual declarations to either confirm no conflicts, or identify possible and/or actual conflicts.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available to the public by request to any board member or officer. These documents are maintained at the organization's registered office.

Filing and Contact Details

Filer

Filer Name
Aafe Community Development Fund Inc
EIN
13-4103352
Phone
2129642288
Address
2 ALLEN STREET 7TH FLOOR, NEW YORK, NY 10002

Signing Officer

Name
Thomas Yu
Title
President/ed
Phone
2129642288
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Yu
Formed
2000
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
Employees
3
Volunteers
4

Preparer

Firm
Cbiz Advisors LLC
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

The process of overseeing the audit and selection of independent accountant has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

Aafe cdf believes it had no uncertain tax positions as of december 31, 2024 and 2023 in accordance with accounting standards codification topic 740, income taxes, which provides standards for establishing and classifying any tax provisions for uncertain tax positions.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rent expense on sublease offset against rent income -16,806.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rent expense on sublease offset against rent income 16,806.

Raw XML AppendixShowing 400 of 946 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0AAFE 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.
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IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0361
IRS990/InsuranceGrp/ProgramServicesAmt014636
IRS990/InsuranceGrp/TotalAmt014997
IRS990/InterestGrp/ManagementAndGeneralAmt0743
IRS990/InterestGrp/ProgramServicesAmt084900
IRS990/InterestGrp/TotalAmt085643
IRS990/InvestmentIncomeGrp/ExclusionAmt041256
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt041256
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01038617
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02998534
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02911104
IRS990/LandBldgEquipCostOrOtherBssAmt03949721
IRS990/LegalDomicileStateCd0NY
IRS990/LessRentalExpensesGrp/RealAmt016806
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AAFE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01365617
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01323961
IRS990/NetAssetsOrFundBalancesBOYAmt04467097
IRS990/NetAssetsOrFundBalancesEOYAmt04401711
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0142314
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0142314
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04467097
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04401711
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01654
IRS990/OccupancyGrp/ProgramServicesAmt071081
IRS990/OccupancyGrp/TotalAmt072735
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0643
IRS990/OfficeExpensesGrp/ProgramServicesAmt026045
IRS990/OfficeExpensesGrp/TotalAmt026688
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01112906
IRS990/OtherAssetsTotalGrp/EOYAmt0178219
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01387
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt039578
IRS990/OtherEmployeeBenefitsGrp/TotalAmt040965
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1MISC
IRS990/OtherExpensesGrp/Desc2EQUIPT. RENTAL & MAINT.
IRS990/OtherExpensesGrp/Desc3LOAN AND CREDIT RELATED
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0294
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt189
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt229
IRS990/OtherExpensesGrp/ProgramServicesAmt017561
IRS990/OtherExpensesGrp/ProgramServicesAmt17846
IRS990/OtherExpensesGrp/ProgramServicesAmt23610
IRS990/OtherExpensesGrp/ProgramServicesAmt32302
IRS990/OtherExpensesGrp/TotalAmt017561
IRS990/OtherExpensesGrp/TotalAmt18140
IRS990/OtherExpensesGrp/TotalAmt23699
IRS990/OtherExpensesGrp/TotalAmt32331
IRS990/OtherLiabilitiesGrp/BOYAmt01012632
IRS990/OtherLiabilitiesGrp/EOYAmt0933047
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0FEE REIMBURSEMENT
IRS990/OtherRevenueMiscGrp/Desc1OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt065391
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11363
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt065391
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11363
IRS990/OtherRevenueTotalAmt066754
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06415
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0150890
IRS990/OtherSalariesAndWagesGrp/TotalAmt0157305
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0731337
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0728296
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0634
IRS990/PayrollTaxesGrp/ProgramServicesAmt025683
IRS990/PayrollTaxesGrp/TotalAmt026317
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0168
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03639
IRS990/PensionPlanContributionsGrp/TotalAmt03807
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt063955
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0117456
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07717
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03020
IRS990/PrincipalOfficerNm0THOMAS YU
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1LOAN FEES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058333
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt129511
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt220500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058333
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129511
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt220500
IRS990/ProgSrvcAccomActy2Grp/Desc0CDFI 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0306201
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0154598
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0556473
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt025451
IRS990/PYOtherExpensesAmt0379424
IRS990/PYOtherRevenueAmt0203308
IRS990/PYProgramServiceRevenueAmt074094
IRS990/PYRevenuesLessExpensesAmt0137497
IRS990/PYSalariesCompEmpBnftPaidAmt0342405
IRS990/PYTotalExpensesAmt0721829
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0859326
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-65386
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0142314
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt020500
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01506341
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0468086
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2020 AMOUNT: $ 9,146. 2021 AMOUNT: $ 6,671. 2022 AMOUNT: $ 5,986. 2023 AMOUNT: $ 192,873. 2024 AMOUNT: $ 1,363. FEE REIMBURSEMENT - 2021 AMOUNT: $ 49,470. 2022 AMOUNT: $ 67,464. 2023 AMOUNT: $ 62,132. 2024 AMOUNT: $ 65,391.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0315070
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0363671
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0346630
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0288451
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0282017
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01595839
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0200376
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0183031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0157984
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0156552
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0172692
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0870635
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0546923
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt066754
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0255005
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt073450
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt056141
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt09146
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0460496
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.49300
IRS990ScheduleA/PublicSupportPY170Pct00.51830
IRS990ScheduleA/PublicSupportTotal170Amt01442917
IRS990ScheduleA/SubstantialContributorsTotAmt0152922
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0315070
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0363671
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0346630
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0288451
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0282017
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01595839
IRS990ScheduleA/TotalSupportAmt02926970
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02371104
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01038617
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03409721
IRS990ScheduleD/ExpensesNotReportedAmt016806
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0739124
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0540000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0540000
IRS990ScheduleD/OtherExpensesIncludedAmt016806
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04814
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1928233
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOANS PAYABLE TO AFFILIATES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-16806
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-16806
IRS990ScheduleD/RevenueSubtotalAmt0690544
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AAFE CDF BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENT EXPENSE ON SUBLEASE OFFSET AGAINST RENT INCOME -16,806.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENT EXPENSE ON SUBLEASE OFFSET AGAINST RENT INCOME 16,806.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02911104
IRS990ScheduleD/TotalExpensesPerForm990Amt0739124
IRS990ScheduleD/TotalLiabilityAmt0933047
IRS990ScheduleD/TotalRevenuePerForm990Amt0673738
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0690544
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0755930
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10

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