Nonprofit · EIN 11-3270117
50TH STREET HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · BROOKLYN, NY 11217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $483,958 | $492,995 | -$9,037 | $9,626,182 | $10,443,585 | -$817,403 |
| December 31, 2023 | 990 | $474,550 | $522,654 | -$48,104 | $6,352,055 | $7,125,224 | -$773,169 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $483,695
- Investment income
- $3
- Other revenue
- $260
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $14,198
- Accounting fees
- $9,000
- Occupancy
- $130,484
- Depreciation
- $85,198
- Program services (functional)
- $384,943
- Management and general (functional)
- $108,052
Balance sheet and other
- Total assets, start of year
- $6,352,055
- Total assets, end of year
- $9,626,182
- Total liabilities, end of year
- $10,443,585
- Net assets, end of year
- -$817,403
- Land, buildings and equipment
- $9,180,665
- Net assets without donor restrictions
- -$817,403
- Gross receipts
- $483,958
- Employees
- 0
- Year formed
- 1995
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHELLE DE LA UZ | SECRETARY Trustee or director, Officer | 0.5 | $0 | $278,790 | $13,130 |
| DANY CUNINGHAM | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JESSICA YEAGER | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSICA YEAGER | Treasurer Trustee or director, Officer | 0.5 | $0 |
| MICHELLE DE LA UZ | Secretary Trustee or director, Officer | 0.5 | $0 |
| DANY CUNNINGHAM | President Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 621 DEGRAW STREET, BROOKLYN, NY 11217-4596
- Principal officer (990 for 2024)
- MICHELLE DE LA UZ, 621 DEGRAW STREET, BROOKLYN, NY 11217
- Signed the 990
- ANDREW HORROW, DIRECTOR OF FINANCE
- Phone
- (718) 237-2017
- Website
- FIFTHAVE.ORG
- Return prepared by
- DESANTIS KIEFER SHALL & SARCONE LLP
Mission
THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE TWO APARTMENT BUILDINGS AND PROVIDE SOCIAL SERVICES TO QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA.
Program accomplishments
- THE ORGANIZATION'S APARTMENT BUILDINGS HAVE A CAPACITY OF 48 APARTMENTS WHICH WERE APPROXIMATELY 80% OCCUPIED DURING THE YEAR.Expenses $384,943 · revenue $483,695
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3270117
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L25)
- Assets (IRS master file)
- $9,626,182
- Income (IRS master file)
- $483,958
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $483,958 | $492,995 | $9,626,182 | XML |
| 990 | December 2023 | $474,550 | $522,654 | $6,352,055 | XML |
| 990 | December 2022 | $468,853 | $517,188 | $3,597,894 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-3270117).
Questions about 50TH STREET HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of 50TH STREET HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of 50TH STREET HOUSING DEVELOPMENT FUND CORPORATION is 11-3270117.
- Is 50TH STREET HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to 50TH STREET HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 50TH STREET HOUSING DEVELOPMENT FUND CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 50TH STREET HOUSING DEVELOPMENT FUND CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 50TH STREET HOUSING DEVELOPMENT FUND CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 50TH STREET HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names MICHELLE DE LA UZ.
- Who are the officers and directors of 50TH STREET HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does 50TH STREET HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $483,958, expenses of $492,995 and total assets of $9,626,182 at year end.
Other nonprofits in BROOKLYN
- HOME-LIFE SERVICES INC EIN 13-3899699 · last filed 990 for 2025
- HIGHLAND PARK COMMUNITY DEVELOPMENT CORPORATION EIN 11-3462888 · last filed 990 for 2025
- MIDWAY LIVING INC EIN 81-4594389 · last filed 990 for 2025
- EDUCATIONAL HOUSING SERVICES INC EIN 13-3411159 · last filed 990 for 2024
- CAMBA HOUSING VENTURES INC EIN 55-0881162 · last filed 990 for 2025
- CATHOLIC CHARITIES PROGRESS OF DEVELOPMENT CORPORATION EIN 11-2431586 · last filed 990 for 2025
- SOUTHSIDE UNITED HOUSING DEVELOPMENT FUND CORPORATION EIN 11-2268359 · last filed 990 for 2024
- LEAP INC EIN 11-3111694 · last filed 990 for 2025