Nonprofit · EIN 92-2404388
VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · LONG IS CITY, NY 11102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,906,135 | $1,969,203 | -$63,068 | $11,684,238 | $8,814,021 | $2,870,217 |
| June 30, 2024 | 990 | $910,816 | $1,041,547 | -$130,731 | $11,686,911 | $8,753,626 | $2,933,285 |
| December 31, 2023 | 990 | $1,416,974 | $4,340,341 | -$2,923,367 | $11,730,502 | $8,666,486 | $3,064,016 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,869,916
- Investment income
- $36,219
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $115,668
- Salaries, compensation and benefits (total)
- $141,729
- Professional fundraising fees
- $0
- Legal fees
- $13,585
- Accounting fees
- $17,240
- Depreciation
- $262,460
- Program services (functional)
- $1,784,710
- Management and general (functional)
- $184,493
Balance sheet and other
- Total assets, start of year
- $11,686,911
- Total assets, end of year
- $11,684,238
- Total liabilities, end of year
- $8,814,021
- Net assets, end of year
- $2,870,217
- Land, buildings and equipment
- $7,690,562
- Net assets without donor restrictions
- $2,870,217
- Gross receipts
- $1,906,135
- Employees
- 9
- Volunteers
- 0
- Year formed
- 2023
- 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 |
|---|---|---|---|---|---|
| COSTA CONSTANTINIDES | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $225,302 | $58,815 |
| WALTER SANCHEZ | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 | $0 |
| CATHERINE VALLONE | SECRETARY Trustee or director, Officer | 0 | $0 | $0 | $0 |
| FRANK RAFFAELE | VICE PRESIDENT Trustee or director, Officer | 0 | $0 | $0 | $0 |
| KATHLEEN PRAGER | TREASURER Trustee or director, Officer | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| COSTA CONSTANTINIDES | VICE PRESIDE Trustee or director, Officer | – | $0 | $220,136 |
| KATHLEEN PRAGER | TREASURER Trustee or director, Officer | – | $0 | $0 |
| FRANK RAFFAELE | VICE PRESIDE Trustee or director, Officer | – | $0 | $0 |
| WALTER SANCHEZ | PRESIDENT Trustee or director, Officer | – | $0 | $0 |
| CATHERINE VALLONE | SECRETARY Trustee or director, Officer | – | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| COSTA CONSTANTINIDES | VICE PRESIDE Trustee or director, Officer | – | $0 | $220,136 |
| KATHLEEN PRAGER | TREASURER Trustee or director, Officer | – | $0 | $0 |
| FRANK RAFFAELE | VICE PRESIDE Trustee or director, Officer | – | $0 | $0 |
| WALTER SANCHEZ | PRESIDENT Trustee or director, Officer | – | $0 | $0 |
| CATHERINE VALLONE | SECRETARY Trustee or director, Officer | – | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2112 30TH RD, LONG IS CITY, NY 11102-3331
- In care of
- % VARIETY B&G CLUB OF QUEENS INC
- Principal officer (990 for 2024)
- COSTA CONSTANTINIDES, 2112 30TH RD, LONG ISLAND CITY, NY 11102
- Signed the 990
- COSTA CONSTANTINIDES, VICE PRESIDENT
- Phone
- (718) 728-0946
- Return prepared by
- LIPSKY GOODKIN & CO PC
Mission
TO OPERATE LOW INCOME HOUSING FOR SENIOR RESIDENTS
Program accomplishments
- PROVIDES LOW INCOME HOUSING TO SENIOR RESIDENTS.Expenses $1,784,710 · revenue $1,869,916
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
- 92-2404388
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2025
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $11,684,238
- Income (IRS master file)
- $1,906,135
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,906,135 | $1,969,203 | $11,684,238 | IRS |
| 990 | June 2024 | $910,816 | $1,041,547 | $11,686,911 | IRS |
| 990 | December 2023 | $1,416,974 | $4,340,341 | $11,730,502 | XML |
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 92-2404388).
Questions about VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION is 92-2404388.
- Is VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2025.
- Are donations to VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VALLONE ASR 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 VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION 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 VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION 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 VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended June 30, 2025 names COSTA CONSTANTINIDES.
- Who are the officers and directors of VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,906,135, expenses of $1,969,203 and total assets of $11,684,238 at year end.
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All nonprofits in LONG IS CITY · New York · Housing and shelter