Nonprofit · EIN 81-2870183
AMERICAN DREAM FUND NEW YORK CORP
Tax-exempt · YORKTOWN HTS, NY 10598
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $34,419 | $34,864 | -$445 | $1,410 | $75 | $1,335 |
| December 31, 2023 | 990-EZ | $35,249 | $33,585 | $1,664 | $1,880 | $100 | $1,780 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Program service revenue
- $33,860
- Other revenue
- $559
Expenses
- Compensation of officers, directors and key employees
- $0
- Occupancy
- $34,335
- Other expenses
- $529
Balance sheet and other
- Total assets, start of year
- $1,880
- Total assets, end of year
- $1,410
- Total liabilities, end of year
- $75
- Net assets, end of year
- $1,335
- Cash, savings and investments
- $1,410
- Gross receipts
- $34,419
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP DERASMO | EXECUTIVE DIRECTOR | 10 | $0 |
| MARIO GAMILO | VICE PRESIDENT | 0.5 | $0 |
| LUIGI LAVERGHETTA | TREASURER | 0.5 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP DERASMO | EXECUTIVE DIRECTOR | 10 | $0 |
| MARIO GAMILO | VICE PRESIDENT | 0.5 | $0 |
| LUIGI LAVERGHETTA | TREASURER | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 879 HANOVER ST, YORKTOWN HTS, NY 10598-5904
- In care of
- % PHILIP DERASMO
- Mailing address (990-N for 2019)
- 1560 MAYFLOWER AVE, BRONX NY 10461
- Principal officer (990-N for 2019)
- PHILIP DERASMO, 1560 MAYFLOWER AVE, BRONX NY 10461
- Signed the 990-EZ
- PHILIP DERASMO, EXECUTIVE DIRECTOR
Mission
ASSIST PEOPLE TO ACHEIVE HOME OWNERSHIP
Program accomplishments
- ASSIST PEOPLE IN ACHIEVING THE AMERICAN DREAM OF OWNING THEIR OWN HOME VIA EDUCATION, CREDIT COUNSELING AND FINANCIAL PLANNING
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-2870183
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S12)
- Assets (IRS master file)
- $1,410
- Income (IRS master file)
- $34,419
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $34,419 | $34,864 | $1,410 | XML |
| 990-EZ | December 2023 | $35,249 | $33,585 | $1,880 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: PHILIP DERASMO | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-2870183).
Questions about AMERICAN DREAM FUND NEW YORK CORP
- What is the EIN of AMERICAN DREAM FUND NEW YORK CORP?
- The employer identification number (EIN) of AMERICAN DREAM FUND NEW YORK CORP is 81-2870183.
- Is AMERICAN DREAM FUND NEW YORK CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to AMERICAN DREAM FUND NEW YORK CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN DREAM FUND NEW YORK CORP file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of AMERICAN DREAM FUND NEW YORK CORP 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 AMERICAN DREAM FUND NEW YORK CORP last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of AMERICAN DREAM FUND NEW YORK CORP?
- The 990-N for 2019 names PHILIP DERASMO.
- Who are the officers and directors of AMERICAN DREAM FUND NEW YORK CORP?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does AMERICAN DREAM FUND NEW YORK CORP have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $34,419, expenses of $34,864 and total assets of $1,410 at year end.
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