Nonprofit · EIN 13-3189285
METRO NORTH GARDENS HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · BRONX, NY 10455
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,151,403 | $1,191,723 | -$40,320 | $6,535,603 | $6,217,296 | $318,307 |
| September 30, 2024 | 990 | $1,137,385 | $1,266,597 | -$129,212 | $6,653,926 | $6,295,299 | $358,627 |
| September 30, 2023 | 990 | $1,057,952 | $1,060,129 | -$2,177 | $6,872,262 | $6,360,819 | $511,443 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $849,194
- of which government grants
- $849,194
- Program service revenue
- $284,237
- Investment income
- $17,972
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,280
- Accounting fees
- $14,500
- Occupancy
- $216,403
- Depreciation
- $224,530
- Program services (functional)
- $1,092,560
- Management and general (functional)
- $99,163
Balance sheet and other
- Total assets, start of year
- $6,653,926
- Total assets, end of year
- $6,535,603
- Total liabilities, end of year
- $6,217,296
- Net assets, end of year
- $318,307
- Land, buildings and equipment
- $4,986,152
- Net assets without donor restrictions
- $318,307
- Gross receipts
- $1,151,403
- Employees
- 0
- Year formed
- 1983
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGINALDO MONTESI | PRESIDENT Officer | 0.5 | $0 |
| PAULINE ABBOT | SECRETARY Officer | 0.5 | $0 |
| JOSEPHINE ROSARIO | MEMBER Officer | 0.5 | $0 |
990 for the year ended September 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAULINE ABBOT | SECRETARY Officer | – | $0 |
| JAMES LUDVIG | MEMBER Officer | – | $0 |
| RONALD MONTESSI | PRESIDENT Officer | – | $0 |
| JOSEPHINE ROSARIO | MEMBER Officer | – | $0 |
990 for the year ended September 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAULINE ABBOT | SECRETARY Officer | 0.5 | $0 |
| JAMES LUDVIG | MEMBER Officer | 0.5 | $0 |
| RONALD MONTESSI | PRESIDENT Officer | 0.5 | $0 |
| JOSEPHINE ROSARIO | MEMBER Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- C/O FOXY MGMT / 500 TRINITY AVENUE, BRONX, NY 10455-0000
- In care of
- % FOXY MANGEMENT
- Principal officer (990 for 2024)
- REGINALDO MONTESI
- Signed the 990
- SHELDON FOX, MANAGEMENT AGENT
- Phone
- (718) 993-6798
- Return prepared by
- VARGAS & RIVERA CPA'S LLP
Mission
METRO NORTH GARDENS HOUSING DEVELOPMENT FUND CORPORATION (THE "PROJECT"), A 48 UNIT APARTMENT PROJECT LOCATED IN NEW YORK, NEW YORK, WAS FORMED AS A C CORPORATION IN SEPTEMBER 1983 TO PROVIDE HOUSING FOR LOW INCOME OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT IS SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS AGREEMENTS WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD, AS ITS ONLY MAJOR PROGRAM.
Program accomplishments
- LOW INCOME HOUSINGExpenses $879,785
- DEPRECIATIONExpenses $212,775
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 13-3189285
- 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
- 2020
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $6,535,603
- Income (IRS master file)
- $1,151,403
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,151,403 | $1,191,723 | $6,535,603 | XML |
| 990 | September 2024 | $1,137,385 | $1,266,597 | $6,653,926 | XML |
| 990 | September 2023 | $1,057,952 | $1,060,129 | $6,872,262 | XML |
| 990 | September 2022 | $963,980 | $1,204,975 | $6,973,216 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | 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 13-3189285).
Questions about METRO NORTH GARDENS HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of METRO NORTH GARDENS HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of METRO NORTH GARDENS HOUSING DEVELOPMENT FUND CORPORATION is 13-3189285.
- Is METRO NORTH GARDENS HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to METRO NORTH GARDENS HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does METRO NORTH GARDENS 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 METRO NORTH GARDENS HOUSING DEVELOPMENT FUND CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did METRO NORTH GARDENS HOUSING DEVELOPMENT FUND CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of METRO NORTH GARDENS HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended September 30, 2025 names REGINALDO MONTESI.
- Who are the officers and directors of METRO NORTH GARDENS HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended September 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does METRO NORTH GARDENS HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,151,403, expenses of $1,191,723 and total assets of $6,535,603 at year end.
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