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Settlement Housing Fund

New York, NY · EIN 23-7078882 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Settlement Housing Fund reported $15.2 million in revenue and $13.8 million in expenses for calendar year 2024. Of every $100 it spent, $81.00 went to program services, $16.74 to management and general costs and $2.26 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 60.9% of the total. Government grants made up 20.7%. The highest compensation it reported for one person was $316,588 (PRESIDENT). 22 people received more than $100,000 in reportable compensation. Revenue fell 38% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $14M

For context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $15M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 933 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
81.0%87.5%
Management & general
Part IX 25(C) ÷ 25(A)
16.7%10.5%
Fundraising
Part IX 25(D) ÷ 25(A)
2.3%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.07$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
27.8%17.0%
Government grants share of revenue
Part VIII 1e ÷ 12
20.7%1.0%
Program service revenue share
Part VIII 2g ÷ 12
60.9%66.2%
Highest reported compensation
Part VII-A, columns D–F
$316,588$300,863
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.30%1.57%
People paid over $100,000
Part VII, line 2
225
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
46.510.0
Independent voting board members
Part VI 1a–1b
16 of 16100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$8.2M expenses · 73.3% of program spending · grants $160K · revenue $7.5M

Create, develop, build, construct, manage and maintain economically diverse affordable housing for low income residents throughout the nyc metropolitan area

$3.0M expenses · 26.7% of program spending · revenue $2.3M

Lease up and compliance services for affordable housing developments. Shf works nyc and ny state regulatory authorities to conduct housing lotteries for affordable housing appartments

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 35.00 hrs/week
$278,757$0$37,831$316,588
CHIEF OPERATING OFFICER
Officer, 35.00 hrs/week
$233,846$0$6,216$240,062
GENERAL COUNSEL
Officer, 35.00 hrs/week
$202,209$0$16,524$218,733
DIRECTOR OF REAL ESTATE DE
Highest compensated employee, 35.00 hrs/week
$200,804$0$16,524$217,328
EXECUTIVE DIRECTOR
Key employee, 35.00 hrs/week
$173,966$42,050$1,104$217,120
DIRECTOR OF CONSTRUCTION
Highest compensated employee, 35.00 hrs/week
$179,129$0$16,524$195,653
DIRECTOR OF HUMAN RESOURCE
Highest compensated employee, 35.00 hrs/week
$150,457$0$37,831$188,288
CFO
Officer, 35.00 hrs/week
$143,712$0$24,423$168,135

22 people received more than $100,000 in reportable compensation from Settlement Housing Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$15M$14M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$15M$14M81.0%$53M$316,588
2023 ⓘ$18M$14M84.7%$52M$328,408
2022 ⓘ$25M$13M84.3%$48M$324,690
2021 ⓘ$12M$8.6M78.2%$36M$303,643
2020 ⓘ$7.8M$9.3M77.3%$33M$293,947
2019 (amended) ⓘ$25M$9.2M72.7%$34M$283,989

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b16 · 16 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 584
  • Volunteers Part I, line 619

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
STRUCTURAL PRESERVATION SYSTEMS LLC
Repair services
$633,302
YOUR PART-TIME CONTROLLER LLC
Accounting services
$130,475
AIM ENVIRONMENTAL LLC
Repair services
$125,085

Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.

Private foundation grants it received

4 private foundations reported grants to Settlement Housing Fund totaling $370K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Settlement Housing Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Settlement Housing Fund, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All housing & shelter charities · Largest charities in New York

Questions people ask

How much of Settlement Housing Fund's spending goes to programs?

In calendar year 2024, Settlement Housing Fund reported that 81.0% of its $13.8 million in expenses went to program services, 16.7% to management and general and 2.3% to fundraising (Form 990, Part IX).

How much does Settlement Housing Fund pay its top executive?

The largest total compensation Settlement Housing Fund reported for one person in calendar year 2024 was $316,588, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Settlement Housing Fund get its money?

Of $15.2 million in revenue in calendar year 2024, 27.8% came from contributions and grants (including 20.7% from government grants) and 60.9% from program service revenue (Form 990, Part VIII).

Is Settlement Housing Fund a registered charity?

The IRS lists EIN 23-7078882 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202503209349300840 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443209349301779 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202303199349300320 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202213189349314036 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202123129349301762 · read the filing
  • 2019: Form 990 for calendar year 2019 (amended), object 202103069349301510 · read the filing

All filings for EIN 23-7078882: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.