Nonprofit · EIN 83-3283722
HANYC FOUNDATION INC
Tax-exempt · NEW YORK, NY 10022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,066,132 | $972,780 | $1,093,352 | $12,196,072 | $9,869,713 | $2,326,359 |
| December 31, 2023 | 990 | $1,599,624 | $667,289 | $932,335 | $1,462,396 | $211,475 | $1,250,921 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $69,500
- Program service revenue
- $1,875,000
- Investment income
- $72,068
- Net gain from sales of assets
- -$108,193
- Net income from fundraising events
- $49,564
- Other revenue
- $49,564
Expenses
- Grants and similar amounts paid
- $48,672
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $332,991
- Salaries, compensation and benefits (total)
- $361,665
- Professional fundraising fees
- $0
- Legal fees
- $145,798
- Accounting fees
- $28,600
- Program services (functional)
- $944,180
- Management and general (functional)
- $28,600
Balance sheet and other
- Total assets, start of year
- $1,462,396
- Total assets, end of year
- $12,196,072
- Total liabilities, end of year
- $9,869,713
- Net assets, end of year
- $2,326,359
- Publicly traded securities
- $10,203,891
- Net assets without donor restrictions
- $2,311,990
- Net assets with donor restrictions
- $14,369
- Gross receipts
- $51,074,004
- Employees
- 5
- Year formed
- 2019
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Vijay Dandapani | President Trustee or director, Officer | 1 | $0 | $682,804 | $20,700 |
| BASTIAN GERMER | Director Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS O'SULLIVAN | Director Trustee or director | 1 | $0 | $0 | $0 |
| GABI SOANCA | Director Trustee or director | 1 | $0 | $0 | $0 |
| HEATHER DAVIS | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Herv Houdr | Director Trustee or director | 1 | $0 | $0 | $0 |
| JULIE GREENBERG | Director Trustee or director | 1 | $0 | $0 | $0 |
| KARAMBIR KANG | Director Trustee or director | 1 | $0 | $0 | $0 |
| KATHY MORALES | Director Trustee or director | 1 | $0 | $0 | $0 |
| LAURENT EBZANT | Director Trustee or director | 1 | $0 | $0 | $0 |
| NATALIE BOGAN | Director Trustee or director | 1 | $0 | $0 | $0 |
| PRADEEP RAMAN | Director Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT SALEM | Director Trustee or director | 1 | $0 | $0 | $0 |
| STEPHEN ALFIERI | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Vijay Dandapani | President Trustee or director, Officer | 1 | $0 | $684,156 | $19,800 |
| KATELYNN MORRIS | Director Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JULIE GREENBERG | Director Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT SALEM | Director Trustee or director | 1 | $0 | $0 | $0 |
| KARAMBIR KANG | Director Trustee or director | 1 | $0 | $0 | $0 |
| KATHY MORALES | Director Trustee or director | 1 | $0 | $0 | $0 |
| GABRIELLE DESINTONIO | Director Trustee or director | 1 | $0 | $0 | $0 |
| ALAN STEEL | Director Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS O'SULIVAN | Director Trustee or director | 1 | $0 | $0 | $0 |
| NATALIE BOGAN | Director Trustee or director | 1 | $0 | $0 | $0 |
| PENNY WILLIMANN | Director Trustee or director | 1 | $0 | $0 | $0 |
| HEATHER DAVIS | chairperson Trustee or director | 1 | $0 | $0 | $0 |
| PRADEEP RAMAN | Director Trustee or director | 1 | $0 | $0 | $0 |
| Herv Houdr | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 34 E 51ST STREET, NEW YORK, NY 10022-7073
- In care of
- % ALBERT FERNANDEZ
- Principal officer (990 for 2024)
- Vijay Dandapani, 34 EAST 51ST STREET 8TH FLOOR, NEW YORK, NY 10022
- Signed the 990
- Vijay Dandapani, President
- Phone
- (212) 754-6700
- Website
- www.hanycfoundation.org
- Return prepared by
- Davis Ward & Hochman LLP
Mission
The HANYC Foundation, Inc. (the Foundation) was organized on January 22, 2019 by the directors of the Hotel Association of New York City, Inc. (the Association) and is a non profit organization exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code. The mission of the Foundation is to leverage the talents and resources of all the Associations member hotels and partners in the greater New York City market to focus the philanthropic outreach efforts toward education and crisis relief within the community. To this end the Foundation provides scholarships for students pursuing an associates or bachelors degree in hotel management, human trafficking training for Association members and their staff and hotel stays to individuals and families during unanticipated hardship and crisis.
Program accomplishments
- ASYLUM SEEKER HOTEL SUPPORT: On December 21, 2022, the Foundation entered into an agreement (the Agreement) with the City of New York through its Department of Homeless Services (DHS) to act as a third-party administrator to assist DHS with booking, managing, tracking, Reporting, and invoicing for hotels service for the emergency procurement of shelter services needed to accommodate the influx of persons who are seeking asylum (Asylum Seekers) in the New York City area.In accordance with the Agreement, the Foundation earns administrative fees of $20,000 per month for up to 20 participating hotels plus $1,000 per month for each participating hotel it administers in excess of 20. For the years ended December 31, 2024 and 2023, the Foundation earned $1,413,000 and $1,057,000, respectively.On July 9, 2023, the Foundation entered into an agreement (the Voucher Agreement) with the City of New York through its Department of Housing and Preservation (DHP) to act as a third-party administrator to assist DHP with development, information technology support, and administration support of an online platform to reserve individual hotel rooms; booking hotel rooms, managing, tracking, reporting, and invoicing for hotels service for the temporary housing for the Asylum Seekers.In accordance with the Voucher Agreement, the Foundation earns administrative fees of $45,000 per month for up to 30,000 hotel rooms. For the year ended December 31, 2024 the Foundation earned $462,000.Expenses $895,508 · revenue $1,875,000
- Scholarships granted - The Foundation provides scholarships for students pursuing an associates or bachelorsdegree in hotel management, human trafficking training for Association members and their staff and hotel stays to individuals and families during unanticipated hardship and crisis.Expenses $25,850 · grants $25,850
- COMMUNITY ASSISTANCE - CONTRBUTIONS TO CHARITABLE ORGANIZATIONS WHOSE MISSIONS ALIGN WITH THAT OF HANYC FOUNDATION, INC.Expenses $22,822 · grants $22,822
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-3283722
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public safety, disaster preparedness and relief (M20)
- Assets (IRS master file)
- $12,196,072
- Income (IRS master file)
- $51,074,004
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,066,132 | $972,780 | $12,196,072 | XML |
| 990 | December 2023 | $1,599,624 | $667,289 | $1,462,396 | XML |
| 990 | December 2022 | $385,292 | $136,118 | $358,613 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 83-3283722).
Questions about HANYC FOUNDATION INC
- What is the EIN of HANYC FOUNDATION INC?
- The employer identification number (EIN) of HANYC FOUNDATION INC is 83-3283722.
- Is HANYC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to HANYC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HANYC FOUNDATION 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 HANYC FOUNDATION INC 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 HANYC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HANYC FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Vijay Dandapani.
- Who are the officers and directors of HANYC FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does HANYC FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,066,132, expenses of $972,780 and total assets of $12,196,072 at year end.
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