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Nonprofit · EIN 13-3819617

FAIRMONT PLACE HOUSING DEVELOPMENT FUND CORPORATION

Tax-exempt · BRONX, NY 10460

Financials

$227K$511K2022
Revenue Expenses · by fiscal year end
Financials of FAIRMONT PLACE HOUSING DEVELOPMENT FUND CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
April 30, 2023990$226,997$511,494-$284,497$306,342$155,983$150,359
Financial details: 990 for the year ended April 30, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$224,062
Investment income
$2,935
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$18,017
Salaries, compensation and benefits (total)
$27,701
Professional fundraising fees
$0
Accounting fees
$9,100
Occupancy
$104,879
Depreciation
$34,191
Program services (functional)
$499,468
Management and general (functional)
$12,026

Balance sheet and other

Total assets, start of year
$510,727
Total assets, end of year
$306,342
Total liabilities, end of year
$155,983
Net assets, end of year
$150,359
Land, buildings and equipment
$18,357
Publicly traded securities
$79,490
Net assets without donor restrictions
$150,359
Gross receipts
$226,997
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 April 30, 2023, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
JEAN BONHOMMECONTROLLER
Officer
1$0$114,039
ANTHONY LYNCHEXECUTIVE DI
Officer
1$0$107,954
STEVEN SELTZEREXECUTIVE DI
Officer
1$0$82,154
JASON BOROFFVICE CHAIR/T
Trustee or director, Officer
–$0$29,669
JOAN TRANIBOARD MEMBER
Trustee or director
–$0$14,675
VALERIE TORRESCHAIR
Trustee or director, Officer
–$0$0
EVELYN VELASQUEZSECRETARY
Trustee or director, Officer
–$0$0
SALVATORE GIGANTEBOARD MEMBER
Trustee or director
–$0$0
JOSEFA SANTOSBOARD MEMBER
Trustee or director
–$0$0

Address and contacts

Address (IRS master file)
1954 VYSE AVENUE, BRONX, NY 10460-0000
Principal officer (990 for 2022)
VALERIE TORRES
Signed the 990
STEVEN SELTZER, EXECUTIVE DIRECTOR
Phone
(718) 842-6440
Return prepared by
A GARY AARONSON CPA PLLC

Mission

TO PROVIDE QUALITY HOUSING AND SOCIAL SERVICES TO THE LOW AND MODERATE- INCOME FAMILIES OF THE SOUTH BRONX, NY.

990 for the year ended April 30, 2023

Program accomplishments

  • TO PROVIDE SAFE, CLEAN AND AFFORDABLE HOUSING TO LOW INCOME FAMILIES LOCATED IN THE SOUTH BRONX, NY.
    Expenses $499,468

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 April, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025April 30, 2026September 15, 2026Not on file
2024April 30, 2025September 15, 2025Not on file
2023April 30, 2024September 16, 2024Not on file

At risk of automatic revocation

None of the last three returns is in the IRS public files. The IRS revokes tax-exempt status after three consecutive years without a return. Recent filings can take a few weeks to appear.

IRS record

EIN
13-3819617
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
1997
Accounting year ends
April
Files
Form 990 or 990-EZ
Assets (IRS master file)
$306,342
Income (IRS master file)
$226,997

Filing history

FormYear endedRevenueExpensesAssetsReturn
990April 2023$226,997$511,494$306,342XML
990April 2022$236,032$383,025$510,727IRS
990April 2021–––IRS
990April 2020–––IRS
990April 2019–––IRS
990April 2018–––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 13-3819617).

Questions about FAIRMONT PLACE HOUSING DEVELOPMENT FUND CORPORATION

What is the EIN of FAIRMONT PLACE HOUSING DEVELOPMENT FUND CORPORATION?
The employer identification number (EIN) of FAIRMONT PLACE HOUSING DEVELOPMENT FUND CORPORATION is 13-3819617.
Is FAIRMONT PLACE HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to FAIRMONT PLACE HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FAIRMONT PLACE 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 FAIRMONT PLACE HOUSING DEVELOPMENT FUND CORPORATION due?
The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FAIRMONT PLACE HOUSING DEVELOPMENT FUND CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended April 2023.
Who is the principal officer of FAIRMONT PLACE HOUSING DEVELOPMENT FUND CORPORATION?
The 990 for the year ended April 30, 2023 names VALERIE TORRES.
Who are the officers and directors of FAIRMONT PLACE HOUSING DEVELOPMENT FUND CORPORATION?
The 990 for the year ended April 30, 2023 lists 9 people; 0 received compensation from the organization.
How much revenue does FAIRMONT PLACE HOUSING DEVELOPMENT FUND CORPORATION have?
On its 990 for the year ended April 30, 2023 it reported revenue of $226,997, expenses of $511,494 and total assets of $306,342 at year end.

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