Aafe Community Development Fund INC
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Helps low-income New Yorkers buy and keep homes through loans and expert advice. For fiscal year 2024 it reported $674K in revenue, $739K in expenses, and $4.4M in net assets.Pt I
Summary of the Filing
Where the work happens
Home Owership Program
This program provides targeted techical assistance to enhance homeownership for low moderate income residents of new york city. Services include: first time homebuyer training, mortgage referrel and origination, homeownership retention, landlord counseling, and mortgage delinquency and default resolution.
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.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Eddie Wong’s $109K as Deputy Managing Director is at the 88th percentile of top reported officer pay among 848 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Eddie Wong | $109,069 | $105,841 | $86,194 | $71,954 | $64,668 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 94% | — | — |
| Overhead ratio | 6% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | -22% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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