Sisters Of Charity Housing Development Corporation

What Sisters Of Charity Housing Development Corporation does

The Sisters of Charity Housing Development Corporation (SCHDC) is a New York-based non-profit founded in 1998 as the sponsored housing ministry of the Sisters of Charity of New York. SCHDC develops, operates, and advocates for affordable and supportive housing serving low-income seniors (age 55+ and 62+), formerly homeless families and individuals, adults with severe mental illness and disabilities, and — most recently — refugee families. Its portfolio spans 18+ properties across Manhattan, the Bronx, Staten Island, Rockland County, and St. Louis, MO, encompassing approximately 1,275 affordable homes and 344,811 square feet of residential real estate, with key assets including Thorpe Village (200 units), the Columba Kavanagh Houses complex (260 units), Seton Village (106 units), Vincent's Village (93 units, LEED Gold certified), and Sr. Louise De Marillac Manor (supportive housing for SMI adults).

SCHDC's core competency is sustainable affordable housing development: Vincent's Village achieved LEED Gold certification, and SCHDC has committed to 100% fossil fuel elimination across its seven Staten Island properties by 2035 under the NYC Carbon Challenge — supported by a $100,000 NYSERDA Empire Building Challenge award and engineering partnerships with KOW Building Consultants, Purpose by Design Architects, and Ettinger Engineering. Resident services are delivered through a tightly integrated partner ecosystem including NYC DHS (referrals), ArchCare and St. Vincent's Hospital (healthcare), Homeward NYC (supportive services), and YMCA of Staten Island (counseling).

The business model combines rental income (30% of adjusted tenant income under federal affordable housing rules), government grants and project financing (NYC HPD, NYSERDA, NY State Homes and Community Renewal), and development partnership fees on co-developed projects. The 360-unit Staten Island project (2024), executed with HPD, Monadnock Development, and The Master Group, exemplifies the model: institutional co-development paired with multi-agency service integration. SCHDC's stated strategic ambition is to add 1,000 additional affordable homes over the next 5–10 years, anchored by a recent geographic expansion into St. Louis. Governance rests with a mixed laity/religious board under the parent Sisters of Charity of New York congregation, with no external equity ownership.

Name

Sisters Of Charity Housing Development Corporation

Legal name

The Sisters of Charity Housing Development Corporation

Website

https://schdcorp.org

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

Sisters Of Charity Housing Development Corporation is a non-profit founded in 1998 that develops, operates, and advocates for affordable and supportive housing serving low-income seniors, formerly homeless individuals, adults with mental illness, and refugees across 18+ properties in NYC, Rockland County, and St. Louis.

Ownership category

akta.pro rank

Product category

Affordable Supportive Housing

NAICS

Services for the Elderly and Persons with Disabilities (62412), Assisted Living Facilities for the Elderly (623312), Other Residential Care Facilities (62399)

SIC

Services-Nursing & Personal Care Facilities (8050), Services-Social Services (8300)

akta.pro primary industry

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

akta.pro secondary industries

Behavioral Health–Capable Assisted Living (Mental Health/SUD Support) (HLADABAI), Senior & Transitional Monthly Housing (THAMAFAJ)

Keywords

• Affordable housing development
• Supportive housing services
• Senior housing communities
• Nonprofit housing development
• Transitional shelter housing

Headquarters

HQ city

Staten Island

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Others

Revenue model

1. Rental Income: Affordable housing rental income calculated as 30% of adjusted tenant income. Properties serve seniors (62+), formerly homeless, and individuals with mental illness or disabilities.
2. Government Grants and Awards: Funding from NYSERDA Empire Building Challenge ($100,000 award), NYC Carbon Challenge participation, and financing from New York State Homes and Community Renewal for development projects.
3. Development Partnerships: Collaborative affordable housing development projects with partners like Rockabill Development, funded through government financing and private sector collaboration.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

SCHDC develops, operates, and manages a portfolio of affordable and supportive housing developments for seniors, the formerly homeless, individuals with mental illness or disabilities, and refugees across New York City, Rockland County, and St. Louis. The organization provides income-based rental housing (rent at 30% of adjusted income) integrated with on-site supportive services, case management, and healthcare partnerships.

Product overview

Sisters of Charity Housing Development Corporation (SCHDC) is a non-profit organization that operates, develops, and advocates for affordable supportive housing. The organization manages a portfolio of 18 distinct housing developments across New York (Manhattan, Bronx, Staten Island, Rockland County) and St. Louis, MO. The portfolio includes affordable senior housing (elderly 55+ and 62+), transitional housing for refugees, and supportive housing for formerly homeless individuals, families, and those with mental illness or disabilities. Key properties include Vincent's Village (LEED Gold Certified, 93 units), Seton Village (106 units), Thorpe Village (200 units), the Columba Kavanagh Houses complex (260 units combined), St. Joseph House (75 units), St. Vincent's Manor (72 units), St. Michael's House (transitional refugee housing), and various other senior housing manors across Staten Island.

Differentiator

Problem solved

Functional benefit

Products and services

• Vincent's Village LEED Gold Certified affordable housing community with 93 units of 1 and 2 bedrooms reserved for individuals over age 55, with 35 units designated for those with additional supportive needs.
• Seton Village Affordable housing community in Nanuet, NY with 106 spacious apartments (over 600 sq ft each) in three two-story buildings on a 14-acre campus, serving persons age 55 and over.
• Casa Cecilia 528 Provides 35 units of permanent, affordable, and supportive housing to formerly homeless families and seniors in Manhattan. Residents are referred by NYC Department of Homeless Services.
• St. Michael's House

Quantifiable outcome

• 1,275+ affordable homes constructed and operating
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

15 partnerships are on record, tiered core and major.

• NYC Mayor's Office of Climate and Environmental JusticecoreStrategic or Co-development Partner · 8 January 2024Voluntary NYC Carbon Challenge participant committed to 100% fossil fuel reduction across all seven Staten Island properties by 2035, exceeding the program's 40% reduction requirement.
• DePaul USAcoreStrategic or Co-development PartnerCollaboration on Dax House program development with College of Mount Saint Vincent, providing transitional/supported housing for homeless populations. Also partnered on St. Michael's House, SCHDC's first transitional home for refugee families in St. Louis.
• College of Mount Saint VincentcoreStrategic or Co-development PartnerCollaboration with SCHDC and DePaul USA on Dax House Program development, providing housing options in the Bronx area.
• Homeward NYCcoreStrategic or Co-development PartnerBuilding management and supportive services provider for residents at Casa Cecilia and Seton House in Manhattan, serving formerly homeless families and seniors.
• Rockabill DevelopmentcoreStrategic or Co-development PartnerDevelopment partner on Vincent's Village, a $42 million affordable and supportive housing project in Nanuet, Rockland County with 93 units for seniors 55+.
• KOW Building ConsultantsmajorImplementation/ SI/ Consulting PartnerDecarbonization partner working with SCHDC on developing comprehensive decarbonization roadmap for Staten Island properties under NYSERDA Empire Building Challenge.
• Purpose by Design ArchitectsmajorImplementation/ SI/ Consulting PartnerArchitecture partner on decarbonization project developing sustainable retrofit solutions for Staten Island affordable housing properties.
• Ettinger EngineeringmajorImplementation/ SI/ Consulting PartnerEngineering partner on Empire Building Challenge decarbonization initiative providing technical expertise for fossil fuel elimination strategies.
• NYC Department of Homeless ServicescoreChannel Partner/ Reseller/ DistributorGovernment referral partner directing formerly homeless families and seniors to SCHDC properties like Casa Cecilia 528 for permanent housing placement.
• St. Vincent's HospitalcoreStrategic or Co-development PartnerHealthcare partner providing supportive services for residents at Sr. Louise De Marillac Manor including 24-hour on-site support and case management for adults with severe mental illness.
• Monadnock DevelopmentcoreStrategic or Co-development PartnerDevelopment collaborator with SCHDC and The Master Group on 360-affordable-home project on Staten Island's north shore.
• The Master GroupcoreStrategic or Co-development PartnerDevelopment collaborator with SCHDC and Monadnock Development on Staten Island affordable housing complex including residential, healthcare, and community facilities.
• ArchCarecoreStrategic or Co-development PartnerHealthcare provider delivering all-inclusive health and social programs for seniors at the new Staten Island affordable housing development.
• Richmond University Medical CentermajorStrategic or Co-development PartnerHealthcare partner providing medical space within the new Staten Island affordable housing complex for community health services.
• YMCA of Staten IslandmajorStrategic or Co-development PartnerSocial services partner providing counseling center services within the new Staten Island affordable housing community development.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Breaking Ground: Major NYC nonprofit supportive-housing operator serving formerly homeless individuals and those with mental illness, with thousands of units across NYC. Closely matches SCHDC's Casa Cecilia and Sr. Louise De Marillac Manor model of combining permanent housing with on-site supportive services.
• Comunilife: NYC nonprofit providing supportive housing and Wraparound services for individuals with mental illness, HIV/AIDS, and histories of homelessness. Directly comparable to SCHDC's Sr. Louise De Marillac Manor (SMI-focused) and Casa Cecilia supportive housing programs, with similar on-site case management and referral partnerships.
• Homes for the Homeless: NYC nonprofit operating family shelters, transitional housing, and supportive housing for homeless families and children. Comparable to SCHDC's family-oriented and formerly homeless supportive housing at Casa Cecilia and Seton House within the same NYC DHS referral ecosystem.
• HELP USA: NYC-centered nonprofit operating transitional, permanent supportive, and affordable housing for homeless families, veterans, and low-income individuals. Directly comparable to SCHDC's formerly homeless and family housing at Casa Cecilia and Seton House, with citywide footprint and similar referral model.
• The Doe Fund: NYC nonprofit providing transitional and permanent supportive housing along with workforce development for homeless and formerly incarcerated individuals. Comparable to SCHDC's transitional (St. Michael's House) and supportive housing programs and the broader NYC nonprofit ecosystem.
• Women in Need (WIN): NYC nonprofit providing shelter, transitional, and permanent affordable housing to homeless women and families, with strong NYC DHS referral relationships. Comparable to SCHDC's affordable, supportive housing mission serving vulnerable populations in the New York metro area.
• West Side Federation for Senior and Supportive Housing: NYC-based nonprofit that develops and operates affordable supportive housing for seniors and formerly homeless populations across Manhattan and the Bronx. Highly comparable to SCHDC given overlapping senior and supportive-housing resident mix, NYC focus, and similar service-rich operating model.
• Project Renewal: NYC nonprofit providing housing, healthcare, and employment services to homeless and low-income individuals. Operates permanent supportive housing with on-site services in NYC, mirroring SCHDC's integrated services + affordable housing model.

Broad incumbents

• L+M Development Partners: NYC-based affordable and mixed-income housing developer with a large portfolio including LIHTC and supportive housing. Comparable to SCHDC on the development side (NYC HPD relationships, LEED/sustainability, mixed population housing) though structured as a for-profit developer.
• Enterprise Community Partners: One of the largest U.S. national nonprofit developers and funders of affordable and supportive housing, active in NYC and nationally. A larger, broader incumbent counterpart to SCHDC with overlapping focus on subsidized, supportive, and green affordable housing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/housingsc
• LinkedInlinkedin.com/company/sisters-of-charity-housing-development-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sisters Of Charity Housing Development Corporation