Nonprofit · EIN 02-0695628
GATES GARDENS HOUSING DEVELOPMENT FUND COMPANY INC
Tax-exempt · BROOKLYN, NY 11206
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,134,296 | $1,465,323 | -$331,027 | $5,755,005 | $9,601,304 | -$3,846,299 |
| December 31, 2023 | 990 | $1,171,139 | $1,251,403 | -$80,264 | $5,975,829 | $9,491,101 | -$3,515,272 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $899,326
- of which government grants
- $899,326
- Program service revenue
- $226,080
- Investment income
- $5,731
- Other revenue
- $3,159
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $184,148
- Salaries, compensation and benefits (total)
- $278,214
- Professional fundraising fees
- $0
- Accounting fees
- $39,719
- Occupancy
- $361,941
- Travel
- $781
- Depreciation
- $237,059
- Program services (functional)
- $1,324,644
- Management and general (functional)
- $140,679
Balance sheet and other
- Total assets, start of year
- $5,975,829
- Total assets, end of year
- $5,755,005
- Total liabilities, end of year
- $9,601,304
- Net assets, end of year
- -$3,846,299
- Land, buildings and equipment
- $4,865,990
- Net assets without donor restrictions
- -$3,846,299
- Gross receipts
- $1,134,296
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2003
- 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 |
|---|---|---|---|---|---|
| SCOTT SHORT | CEO THRU JUNE 2024 Officer | 1 | $0 | $622,354 | $27,839 |
| KIERAN HARRINGTON | CEO Officer | 1 | $0 | $363,462 | $0 |
| EMILY KURTZ | ASSISTANT SECRETARY Officer | 1 | $0 | $289,407 | $27,683 |
| MARIA DEMATOS | CFO Officer | 1 | $0 | $256,015 | $0 |
| VISHAL CHAWLA | CFO THRU MAY 2024 Officer | 1 | $0 | $126,484 | $0 |
| SONIA RIVERA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LUISA JOSE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CARMEN RAMIREZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MIGUEL RODRIGUEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BESSIE THOMAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SARAH THORNTON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCOTT SHORT | CEO Officer | 1 | $0 | $570,765 | $86,191 |
| EMILY KURTZ | ASSISTANT SECRETARY Officer | 1 | $0 | $234,647 | $66,444 |
| JENNIFER NGUYEN | CFO THRU NOVEMBER 2023 Officer | 1 | $0 | $124,239 | $11,332 |
| VISHAL CHAWLA | CFO Officer | 1 | $0 | $25,000 | $614 |
| SONIA RIVERA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LUISA JOSE | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CARMEN RAMIREZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIGUEL RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BESSIE THOMAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SARAH THORNTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 565 BUSHWICK AVE, BROOKLYN, NY 11206-4628
- In care of
- % RIDGEWOOD BUSHWICK SENIOR CITIZEN
- Principal officer (990 for 2024)
- MARIA DEMATOS, 565 BUSHWICK AVENUE, BROOKLYN, NY 11206
- Signed the 990
- MARIA DEMATOS, CFO
- Phone
- (718) 366-3800
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
GATES GARDENS HDFC INC. WAS FORMED FOR THE PURPOSE OF DEVELOPING AND OPERATING A FEDERAL GOVERNMENT SUBSIDIZED HOUSING PROJECT WITH 61 UNITS FOR LOW-INCOME SENIOR CITIZENS IN BROOKLYN, NEW YORK, UNDER THE NATIONAL HOUSING ACT.
Program accomplishments
- THE ORGANIZATION'S PRIMARY PURPOSE IS TO OPERATE A HOUSING PROJECT OF 61 UNITS FOR ELDERLY PERSONS OF LOW INCOME, INCLUDING THE PROVISION OF HOUSING FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PYSCHOLOGICAL NEEDS AND TO PROMOTE HEALTH, SECURITY AND HAPPINESS.Expenses $1,324,644 · revenue $226,080
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
- 02-0695628
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $5,755,005
- Income (IRS master file)
- $1,134,296
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,134,296 | $1,465,323 | $5,755,005 | IRS |
| 990 | December 2023 | $1,171,139 | $1,251,403 | $5,975,829 | XML |
| 990 | December 2022 | $1,073,342 | $1,215,290 | $5,938,276 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 02-0695628).
Questions about GATES GARDENS HOUSING DEVELOPMENT FUND COMPANY INC
- What is the EIN of GATES GARDENS HOUSING DEVELOPMENT FUND COMPANY INC?
- The employer identification number (EIN) of GATES GARDENS HOUSING DEVELOPMENT FUND COMPANY INC is 02-0695628.
- Is GATES GARDENS HOUSING DEVELOPMENT FUND COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to GATES GARDENS HOUSING DEVELOPMENT FUND COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GATES GARDENS HOUSING DEVELOPMENT FUND COMPANY 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 GATES GARDENS HOUSING DEVELOPMENT FUND COMPANY 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 GATES GARDENS HOUSING DEVELOPMENT FUND COMPANY 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 GATES GARDENS HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 names MARIA DEMATOS.
- Who are the officers and directors of GATES GARDENS HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does GATES GARDENS HOUSING DEVELOPMENT FUND COMPANY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,134,296, expenses of $1,465,323 and total assets of $5,755,005 at year end.
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