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Nonprofit · EIN 23-7120738

SOMALTOW HOUSING COMPANY INC

Tax-exempt · ALBANY, NY 12207

Financials

$4.4M$4.8M2023$4.6M$5.1M2024$6M$5.7M2025
Revenue Expenses · by fiscal year end
Financials of SOMALTOW HOUSING COMPANY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$5,965,316$5,739,379$225,937$12,563,339$347,239$12,216,100
December 31, 2024990$4,552,312$5,069,990-$517,678$11,897,812$3,828$11,893,984
December 31, 2023990$4,374,585$4,808,920-$434,335$12,289,182$0$12,289,182
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$3,000
Program service revenue
$5,749,647
Investment income
$212,669
Net gain from sales of assets
$121,882
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$8,068
Accounting fees
$10,119
Program services (functional)
$5,689,210
Management and general (functional)
$50,169

Balance sheet and other

Total assets, start of year
$11,897,812
Total assets, end of year
$12,563,339
Total liabilities, end of year
$347,239
Net assets, end of year
$12,216,100
Publicly traded securities
$2,590,376
Net assets without donor restrictions
$12,216,100
Gross receipts
$9,023,501
Employees
24
Volunteers
8
Year formed
1971
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, 2025, highest compensation first.

NameTitleHours / weekCompensation
KIMBERLY HANSENEXECUTIVE DIRECTOR
Officer
5$117,795
TYLER FRONTEDIRECTOR
Trustee or director
0.5$0
CAREN HICKSDIRECTOR
Trustee or director
0.5$0
ADAM LASEKDIRECTOR
Trustee or director
0.5$0
STEVE REHFUSSDIRECTOR
Trustee or director
0.75$0
GARY HALLOCKPRESIDENT
Trustee or director, Officer
2.5$0
PETER MCKEEVICE-PRESIDENT
Trustee or director, Officer
1$0
JOHN SABURROTREASURER
Trustee or director, Officer
1$0
ERIC SPRAGUESECRETARY
Trustee or director, Officer
0.5$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
KIMBERLY HANSENEXECUTIVE DIRECTOR
Officer
5$113,552
TYLER FRONTEDIRECTOR
Trustee or director
0.5$0
CAREN HICKSDIRECTOR
Trustee or director
0.5$0
ADAM LASEKDIRECTOR
Trustee or director
0.5$0
STEVE REHFUSSDIRECTOR
Trustee or director
0.75$0
GARY HALLOCKPRESIDENT
Trustee or director, Officer
2.5$0
PETER MCKEEVICE-PRESIDENT
Trustee or director, Officer
1.5$0
JOHN SABURROTREASURER
Trustee or director, Officer
1$0
ERIC SPRAGUESECRETARY
Trustee or director, Officer
0.5$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
KIMBERLY HANSENEXECUTIVE DIRECTOR
Officer
5$109,529
TYLER FRONTEDIRECTOR
Trustee or director
0.5$0
CAREN HICKSDIRECTOR
Trustee or director
0.5$0
ADAM LASEKDIRECTOR
Trustee or director
0.5$0
STEVE REHFUSSDIRECTOR
Trustee or director
0.75$0
GARY HALLOCKPRESIDENT
Trustee or director, Officer
2.5$0
PETER MCKEEVICE-PRESIDENT
Trustee or director, Officer
1$0
JOHN SABURROTREASURER
Trustee or director, Officer
1$0
ERIC SPRAGUESECRETARY
Trustee or director, Officer
0.5$0

Address and contacts

Address (IRS master file)
101 S PEARL ST, ALBANY, NY 12207-1419
Principal officer (990 for 2025)
GARY HALLOCK, 101 S PEARL ST, ALBANY, NY 12207
Signed the 990
GARY HALLOCK, PRESIDENT
Phone
(518) 463-0294
Return prepared by
UHY ADVISORS NORTHEAST INC

Mission

TO PROVIDE HOUSING AND AUXILIARY FACILITIES FOR AGED PERSONS OF LOW INCOME, AND TO THIS END TO PLAN, ACQUIRE, CONSTRUCT, OWN, MAINTAIN AND OPERATE SUCH HOUSING AND AUXILIARY FACILITIES.

990 for the year ended December 31, 2025

Program accomplishments

  • TO PROVIDE HOUSING AND AUXILIARY FACILITIES FOR AGED PERSONS OF LOW INCOME, AND TO THIS END TO PLAN, ACQUIRE, CONSTRUCT, OWN, MAINTAIN AND OPERATE SUCH HOUSING AND AUXILIARY FACILITIES.
    Expenses $5,689,210 · revenue $5,749,647

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7120738
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
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$12,563,339
Income (IRS master file)
$9,023,501

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$5,965,316$5,739,379$12,563,339XML
990December 2024$4,552,312$5,069,990$11,897,812XML
990December 2023$4,374,585$4,808,920$12,289,182XML
990December 2022$3,136,255$3,839,404$18,904,526IRS
990December 2021–––IRS
990December 2020–––IRS
990March 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 23-7120738).

Questions about SOMALTOW HOUSING COMPANY INC

What is the EIN of SOMALTOW HOUSING COMPANY INC?
The employer identification number (EIN) of SOMALTOW HOUSING COMPANY INC is 23-7120738.
Is SOMALTOW HOUSING COMPANY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
Are donations to SOMALTOW HOUSING COMPANY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOMALTOW HOUSING COMPANY INC 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 SOMALTOW HOUSING COMPANY INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOMALTOW HOUSING COMPANY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of SOMALTOW HOUSING COMPANY INC?
The 990 for the year ended December 31, 2025 names GARY HALLOCK.
Who are the officers and directors of SOMALTOW HOUSING COMPANY INC?
The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $117,795 (KIMBERLY HANSEN, EXECUTIVE DIRECTOR).
How much revenue does SOMALTOW HOUSING COMPANY INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $5,965,316, expenses of $5,739,379 and total assets of $12,563,339 at year end.

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