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Nonprofit · EIN 83-3652635

NEIGHBORHOOD RENEWAL HOUSING DEVELOPMENT FUND CORPORATION

Tax-exempt · JAMAICA, NY 11435

Financials

$568K$4.3M2023$1.2M$7M2024
Revenue Expenses · by fiscal year end
Financials of NEIGHBORHOOD RENEWAL HOUSING DEVELOPMENT FUND CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,180,583$7,027,466-$5,846,883$231,478,177$244,653,479-$13,175,302
December 31, 2023990$568,260$4,322,178-$3,753,918$225,550,097$232,878,516-$7,328,419
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,000,000
Investment income
$106,103
Other revenue
$74,480

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$5,350
Accounting fees
$169,192
Occupancy
$48,852
Travel
$4
Program services (functional)
$6,654,083
Management and general (functional)
$373,383

Balance sheet and other

Total assets, start of year
$225,550,097
Total assets, end of year
$231,478,177
Total liabilities, end of year
$244,653,479
Net assets, end of year
-$13,175,302
Land, buildings and equipment
$217,207,474
Net assets without donor restrictions
-$13,175,302
Gross receipts
$1,180,583
Employees
0
Volunteers
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
SALVATORE D'AVOLAASSISTANT SECRETARY
Officer
5$0$274,704$26,421
HAROLD SHULTZPRESIDENT
Trustee or director, Officer
1$0$0$0
KIMBERLY DARGADIRECTOR
Trustee or director
1$0$0$0
MICHAEL WADMANVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
TATIANA PENASECRETARY
Trustee or director, Officer
1$0$0$0
VICTORIA ROWE BARRECATREASURER
Trustee or director, Officer
1$0$0$0
RICHARD PINNERASSISTANT SECRETARY
Officer
1$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
SALVATORE D'AVOLAASSISTANT SECRETARY
Officer
5$0$264,329$25,032
HAROLD SHULTZPRESIDENT
Trustee or director, Officer
1$0$0$0
KIMBERLY DARGADIRECTOR
Trustee or director
1$0$0$0
LYDIA TOMOUTGOING TREASURER
Trustee or director, Officer
1$0$0$0
MICHAEL WADMANVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
TATIANA PENASECRETARY
Trustee or director, Officer
1$0$0$0
VALERIE WHITEOUTGOING SECRETARY
Trustee or director, Officer
1$0$0$0
VICTORIA ROWE BARRECATREASURER
Trustee or director, Officer
1$0$0$0
RICHARD PINNERASSISTANT SECRETARY
Officer
1$0$0$0

Address and contacts

Address (IRS master file)
14150 85TH RD, JAMAICA, NY 11435-2557
Principal officer (990 for 2024)
MR SALVATORE D'AVOLA, 150 BROADWAY 2101, NEW YORK, NY 10038
Signed the 990
MR SALVATORE D'AVOLA, ASSISTANT SECRETARY
Phone
(212) 584-8981
Return prepared by
COHNREZNICK ADVISORY LLC

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PERSERVING AND CREATING, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES, IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABLIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PRESERVING AND CREATING, ON A NONPROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. DURING THE YEAR, THE ORGANIZATION CONTINUED TO OWN AND MANAGE RENT REGULATED PROPERTIES THROUGHOUT NEW YORK CITY, PROVIDING SAFE AFFORDABLE HOUSING TO THOUSANDS OF TENANTS.
    Expenses $6,654,083 · revenue $1,074,480

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-3652635
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$231,478,177
Income (IRS master file)
$1,180,583

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,180,583$7,027,466$231,478,177XML
990December 2023$568,260$4,322,178$225,550,097XML
990December 2022$4,130,076$5,175,135$236,260,795IRS
990December 2021–––IRS
990December 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 83-3652635).

Questions about NEIGHBORHOOD RENEWAL HOUSING DEVELOPMENT FUND CORPORATION

What is the EIN of NEIGHBORHOOD RENEWAL HOUSING DEVELOPMENT FUND CORPORATION?
The employer identification number (EIN) of NEIGHBORHOOD RENEWAL HOUSING DEVELOPMENT FUND CORPORATION is 83-3652635.
Is NEIGHBORHOOD RENEWAL HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to NEIGHBORHOOD RENEWAL HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does NEIGHBORHOOD RENEWAL 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 NEIGHBORHOOD RENEWAL HOUSING DEVELOPMENT FUND CORPORATION 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 NEIGHBORHOOD RENEWAL HOUSING DEVELOPMENT FUND CORPORATION 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 NEIGHBORHOOD RENEWAL HOUSING DEVELOPMENT FUND CORPORATION?
The 990 for the year ended December 31, 2024 names MR SALVATORE D'AVOLA.
Who are the officers and directors of NEIGHBORHOOD RENEWAL HOUSING DEVELOPMENT FUND CORPORATION?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does NEIGHBORHOOD RENEWAL HOUSING DEVELOPMENT FUND CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,180,583, expenses of $7,027,466 and total assets of $231,478,177 at year end.

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