Nonprofit · EIN 82-2726570
HSVS PROPERTY FOUNDATION LTD
Tax-exempt · BROOKLYN, NY 11201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $311,834 | $591,273 | -$279,439 | $5,381,695 | $3,396,884 | $1,984,811 |
| June 30, 2024 | 990 | $331,896 | $574,639 | -$242,743 | $5,654,420 | $3,390,170 | $2,264,250 |
| June 30, 2023 | 990 | $469,815 | $602,198 | -$132,383 | $5,894,476 | $3,387,483 | $2,506,993 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $311,776
- Investment income
- $58
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $249,305
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $9,087
- Depreciation
- $318,405
- Program services (functional)
- $587,601
- Management and general (functional)
- $3,672
Balance sheet and other
- Total assets, start of year
- $5,654,420
- Total assets, end of year
- $5,381,695
- Total liabilities, end of year
- $3,396,884
- Net assets, end of year
- $1,984,811
- Land, buildings and equipment
- $4,978,372
- Net assets without donor restrictions
- $1,984,811
- Gross receipts
- $311,834
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2017
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAWN W VALENTINE-SAFFAYEH | SECRETARY / PRESIDENT & CEO - HSHS, HSVS, HEC, HSW Trustee or director, Officer | 0.3 | $0 | $511,564 | $60,236 |
| JUSTIN NARDILLA | TREASURER / CFO THRU 01/2025- HSHS, HSVS, HEC, HSW Trustee or director, Officer | 0.5 | $0 | $456,622 | $28,250 |
| DEVIN L CHAPMAN | SENIOR VP OF FINANCE / CFO AS OF 02/2025 - HSHS, HSVS, HEC, HSW Officer | 0.5 | $0 | $132,475 | $16,366 |
| KENNETH P NOLAN ESQ | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MARC SIMPSON | TREASURER AS OF 04/2025 Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| PAUL J TORRE | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM R GUARINELLOFORMER | TREAS/fmr. Pres&CEO/Advisor,HS Former | 0 | $0 | $893,485 | $0 |
| DAWN W VALENTINE-SAFFAYEH | Secretary/Pres.&CEO, HS Trustee or director, Officer | 0.25 | $0 | $461,923 | $38,093 |
| JUSTIN NARDILLA | Treasurer/CFO, HS Trustee or director, Officer | 0.5 | $0 | $409,052 | $8,384 |
| KENNETH P NOLAN ESQ | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| PAUL J TORRE | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM GUARINELLO | TREASURER THRU 12/31/22 Trustee or director, Officer | 0.5 | $0 | $668,974 | $35,736 |
| DAWN W VALENTINE-SAFFAYEH | SECRETARY Trustee or director, Officer | 0.38 | $0 | $321,136 | $42,117 |
| JUSTIN NARDILLA | TREASURER as of 1/1/23 Trustee or director, Officer | 0.5 | $0 | $219,423 | $0 |
| KENNETH P NOLAN ESQ | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| PAUL J TORRE | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 330 JAY STREET 29TH FLOOR, BROOKLYN, NY 11201-2935
- In care of
- % DEVIN CHAPMAN
- Principal officer (990 for 2024)
- KENNETH P NOLAN ESQ, 66 BOERUM PLACE, BROOKLYN, NY 11201
- Signed the 990
- KENNETH P NOLAN ESQ, CHAIRMAN
- Phone
- (718) 422-4200
- 990-N for 2020 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Carol Ann Verdi, 66 Boerum Place, Brooklyn NY 11201. Mailing address: 66 Boerum Place, Brooklyn NY 11201.
- Return prepared by
- BDO USA
Mission
TO HOLD TITLE TO PROPERTY TO ST. VINCENT'S SERVICES, INC. D/B/A HEARTSHARE ST. VINCENT'S SERVICES ("HSVS"), IN ITS EFFORTS TO PROVIDE AND CARE FOR YOUNG BOYS AND GIRLS, ADOLESCENTS, YOUNG ADULTS, ADULTS AND FAMILIES THROUGH THE ESTABLISHMENT, OPERATION AND MAINTENANCE OF VARIOUS TYPES OF PROGRAMS, FACILITIES, HOMES AND RESIDENCES WHICH PROVIDE FOR THE PHYSICAL, MENTAL, SPIRITUAL, INTELLECTUAL AND EMOTIONAL WELFARE AND WELL-BEING OF SAID YOUNG BOYS AND GIRLS, ADOLESCENTS, YOUNG ADULTS, ADULTS AND FAMILIES. ENTIRE AMOUNT OF NET RENTAL INCOME, IF ANY, IS TO BE TURNED OVER TO HSVS, AN ORGANIZATION WITH A TAX-EXEMPT STATUS.
Program accomplishments
- TO HOLD TITLE TO BUILDINGS & LAND LOCATED IN NYC, FOR THE PURPOSE OF LEASING AND RENTING IN FURTHERANCE OF ST. VINCENT'S SERVICES' INC. MISSION, A CATHOLIC SOCIAL SERVICES AGENCY.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-2726570
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P11)
- Assets (IRS master file)
- $5,381,695
- Income (IRS master file)
- $311,834
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $311,834 | $591,273 | $5,381,695 | IRS |
| 990 | June 2024 | $331,896 | $574,639 | $5,654,420 | IRS |
| 990 | June 2023 | $469,815 | $602,198 | $5,894,476 | XML |
| 990 | June 2022 | $239,023 | $577,124 | $6,029,565 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Carol Ann Verdi Filed under this EIN, most likely by a chapter or affiliate | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Carol Ann Verdi Filed under this EIN, most likely by a chapter or affiliate | 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 82-2726570).
Questions about HSVS PROPERTY FOUNDATION LTD
- What is the EIN of HSVS PROPERTY FOUNDATION LTD?
- The employer identification number (EIN) of HSVS PROPERTY FOUNDATION LTD is 82-2726570.
- Is HSVS PROPERTY FOUNDATION LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2019.
- Are donations to HSVS PROPERTY FOUNDATION LTD tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HSVS PROPERTY FOUNDATION LTD 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 HSVS PROPERTY FOUNDATION LTD due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HSVS PROPERTY FOUNDATION LTD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HSVS PROPERTY FOUNDATION LTD?
- The 990 for the year ended June 30, 2025 names KENNETH P NOLAN ESQ.
- Who are the officers and directors of HSVS PROPERTY FOUNDATION LTD?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does HSVS PROPERTY FOUNDATION LTD have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $311,834, expenses of $591,273 and total assets of $5,381,695 at year end.
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