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Nonprofit · EIN 03-0501842

500 WEST 42ND STREET HOUSING DEVELOPMENT FUND CORPORATION

Tax-exempt (reinstated) · NEW YORK, NY 10018

Financials

$178K$53K2023$181K$56K2024
Revenue Expenses · by fiscal year end
Financials of 500 WEST 42ND STREET HOUSING DEVELOPMENT FUND CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$180,647$55,782$124,865$3,834,608$0$3,834,608
December 31, 2023990$177,970$52,765$125,205$3,709,743$0$3,709,743
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$55,613
Investment income
$0
Other revenue
$125,034

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$55,613
Management and general (functional)
$169

Balance sheet and other

Total assets, start of year
$3,709,743
Total assets, end of year
$3,834,608
Total liabilities, end of year
$0
Net assets, end of year
$3,834,608
Publicly traded securities
$67,629
Net assets without donor restrictions
$3,834,608
Gross receipts
$180,647
Employees
0
Year formed
2002
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 / weekCompensation
DANIEL HENKELPRESIDENT
Trustee or director
–$0
CARMEN MATIASVICE-PRESIDE
Trustee or director
–$0
JOE RESTUCCIATREASURER
Trustee or director, Officer
–$0
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
JOSEPH RESTUCCIATREASURER
Officer
–$0

Address and contacts

Address (IRS master file)
403 WEST 40TH ST, NEW YORK, NY 10018-1238
In care of
% CLINTON HOUSING DEVELOPMENT CO
Principal officer (990 for 2024)
JOE RESTUCCIA, 403 WEST 40TH ST, 403 WEST 40TH ST, NEW YORK, NY 100181211
Signed the 990
JOE RESTUCCIA, TREASURER
Phone
(212) 967-1644
Return prepared by
VARGAS & RIVERA CPA'S LLP

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME RESIDENTS IN NYC

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDES LOW INCOME RESIDENTS WITH AFFORDABLE HOUSING
    Expenses $55,613

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
03-0501842
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
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,834,608
Income (IRS master file)
$180,647

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
June 11, 2012
Reinstated
Effective May 15, 2010

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$180,647$55,782$3,834,608XML
990December 2023$177,970$52,765$3,709,743XML
990December 2022$175,483$52,442$3,584,538IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 03-0501842).

Questions about 500 WEST 42ND STREET HOUSING DEVELOPMENT FUND CORPORATION

What is the EIN of 500 WEST 42ND STREET HOUSING DEVELOPMENT FUND CORPORATION?
The employer identification number (EIN) of 500 WEST 42ND STREET HOUSING DEVELOPMENT FUND CORPORATION is 03-0501842.
Is 500 WEST 42ND STREET HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
Are donations to 500 WEST 42ND STREET HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does 500 WEST 42ND STREET 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 500 WEST 42ND STREET 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 500 WEST 42ND STREET 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 500 WEST 42ND STREET HOUSING DEVELOPMENT FUND CORPORATION?
The 990 for the year ended December 31, 2024 names JOE RESTUCCIA.
Who are the officers and directors of 500 WEST 42ND STREET HOUSING DEVELOPMENT FUND CORPORATION?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does 500 WEST 42ND STREET HOUSING DEVELOPMENT FUND CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $180,647, expenses of $55,782 and total assets of $3,834,608 at year end.

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