Nonprofit · EIN 11-2229635
THE PARODNECK FOUNDATION FOR SELF-H ELP HOUSING & COMMUNITY DVLPNT INC
Tax-exempt · NEW YORK, NY 10013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $1,149,525 | $1,152,089 | -$2,564 | $16,678,045 | $12,540,237 | $4,137,808 |
| December 31, 2023 | 990 | $1,009,024 | $1,067,952 | -$58,928 | $14,833,193 | $11,066,160 | $3,767,033 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $467,943
- of which government grants
- $455,443
- Program service revenue
- $620,686
- Investment income
- $53,497
- Other revenue
- $7,399
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $244,848
- Other salaries and wages
- $365,414
- Salaries, compensation and benefits (total)
- $718,035
- Professional fundraising fees
- $0
- Legal fees
- $16,180
- Accounting fees
- $21,700
- Occupancy
- $15,943
- Travel
- $178
- Depreciation
- $23,254
- Program services (functional)
- $888,645
- Management and general (functional)
- $263,444
Balance sheet and other
- Total assets, start of year
- $14,833,193
- Total assets, end of year
- $16,678,045
- Total liabilities, end of year
- $12,540,237
- Net assets, end of year
- $4,137,808
- Land, buildings and equipment
- $229,743
- Publicly traded securities
- $1,023,751
- Net assets without donor restrictions
- $3,917,518
- Net assets with donor restrictions
- $220,290
- Gross receipts
- $1,149,525
- Employees
- 13
- Volunteers
- 5
- Year formed
- 1970
- 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 | Other / benefits |
|---|---|---|---|---|
| THOMASINA WHITE | EXECUTIVE DIRECTOR Officer | 30 | $131,792 | $23,609 |
| HAROLD DERIENZO GEN COUNSEL | DIR. OF COMPLIANCE, ASST. TREAS./SEC. Trustee or director, Officer | 15 | $83,795 | $5,652 |
| IRMA RODRIGUEZ | CHAIRPERSON Trustee or director, Officer | 5 | $0 | $0 |
| DWAYNE JONES | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| WILLIAM HILTON | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| RICK ROBERTO | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| TRACEY WRIGHT | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMASINA WHITE SCHAP DIR- | ECTOR, INTERIM ED (AS OF SEP 2023) Officer | 30 | $104,170 | $18,503 |
| KENNETH WRAY | EXECUTIVE DIRECTOR (THRU SEP 2023) Officer | 32 | $111,774 | $5,069 |
| HAROLD DERIENZO GEN COUNSEL | DIR. OF COMPLIANCE, ASST. TREASURER Trustee or director, Officer | 15 | $84,778 | $4,358 |
| IRMA RODRIGUEZ | CHAIRPERSON Trustee or director, Officer | 5 | $0 | $0 |
| GREG CARLSON | BOARD MEMBER (THRU JAN 2023) Trustee or director | 5 | $0 | $0 |
| WILLIAM HILTON | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| RICK ROBERTO | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 121 SIXTH AVENUE SUITE 501, NEW YORK, NY 10013-1510
- In care of
- % GEORGE COCHRAN
- Principal officer (990 for 2024)
- THOMASINA WHITE, 121 SIXTH AVE, NEW YORK, NY 10013
- Signed the 990
- THOMASINA WHITE, EXECUTIVE DIRECTOR
- Phone
- (212) 431-9700
- Website
- WWW.PARODNECKFOUNDATION.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
TO PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE TO SELF-HELP HOUSING AND COMMUNITY DEVELOPMENT EFFORTS THROUGHOUT NEW YORK CITY. THE FOUNDATION PURSUES THIS MISSION THROUGH A NUMBER OF PROGRAM INITIATIVES, SUBSTANTIALLY ALL INVOLVING THE PROVISION OF SHORT-TERM AND LONG-TERM FINANCING.
Program accomplishments
- CATCH MANAGEMENT PROGRAMCOMMUNITY ASSISTED TENANT CONTROLLED HOUSING (CATCH), INC. ("CATCH") IS A SEPARATE ORGANIZATION FOR WHICH THE FOUNDATION PROVIDES FISCAL AND ADMINISTRATIVE SERVICES. CATCH OPERATES IN THE BRONX, BROOKLYN AND MANHATTAN AND HAS DEVELOPED OVER 900 UNITS OF AFFORDABLE HOUSING.Expenses $633,279 · revenue $620,196
- SCHAP - SENIOR CITIZEN HOMEOWNER ASSISTANCE PROGRAMTHE PARODNECK FOUNDATION'S SENIOR CITIZEN HOMEOWNER ASSISTANCE PROGRAM (SCHAP) PROVIDES FINANCIAL ASSISTANCE TO SENIOR CITIZEN HOMEOWNERS WHO ARE LIVING IN PHYSICALLY DETERIORATED HOUSING. THE PROGRAM, WHICH HAS BEEN IN OPERATION SINCE 1986, PROVIDES NO- AND LOW-INTEREST LOANS AND EXTENSIVE TECHNICAL ASSISTANCE TO QUALIFIED HOMEOWNERS WITH AN EMPHASIS ON SENIOR CITIZENS. THIS SUPPORT ENABLES SENIORS/HOMEOWNERS TO RETAIN THEIR HOMES AND IMPROVE THEIR LIVING CONDITIONS, THEREBY HELPING THEM AVOID FINANCIAL INSOLVENCY, DISPLACEMENT, AND/OR LOSS OF INDEPENDENCE.Expenses $255,366 · revenue $490
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
- 11-2229635
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L810)
- Assets (IRS master file)
- $16,442,433
- Income (IRS master file)
- $1,074,525
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,149,525 | $1,152,089 | $16,678,045 | XML |
| 990 | December 2023 | $1,009,024 | $1,067,952 | $14,833,193 | XML |
| 990 | December 2022 | $1,098,880 | $1,092,935 | $14,505,679 | 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 11-2229635).
Questions about THE PARODNECK FOUNDATION FOR SELF-H ELP HOUSING & COMMUNITY DVLPNT INC
- What is the EIN of THE PARODNECK FOUNDATION FOR SELF-H ELP HOUSING & COMMUNITY DVLPNT INC?
- The employer identification number (EIN) of THE PARODNECK FOUNDATION FOR SELF-H ELP HOUSING & COMMUNITY DVLPNT INC is 11-2229635.
- Is THE PARODNECK FOUNDATION FOR SELF-H ELP HOUSING & COMMUNITY DVLPNT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to THE PARODNECK FOUNDATION FOR SELF-H ELP HOUSING & COMMUNITY DVLPNT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE PARODNECK FOUNDATION FOR SELF-H ELP HOUSING & COMMUNITY DVLPNT 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 THE PARODNECK FOUNDATION FOR SELF-H ELP HOUSING & COMMUNITY DVLPNT 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 THE PARODNECK FOUNDATION FOR SELF-H ELP HOUSING & COMMUNITY DVLPNT 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 THE PARODNECK FOUNDATION FOR SELF-H ELP HOUSING & COMMUNITY DVLPNT INC?
- The 990 for the year ended December 31, 2024 names THOMASINA WHITE.
- Who are the officers and directors of THE PARODNECK FOUNDATION FOR SELF-H ELP HOUSING & COMMUNITY DVLPNT INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $131,792 (THOMASINA WHITE, EXECUTIVE DIRECTOR).
- How much revenue does THE PARODNECK FOUNDATION FOR SELF-H ELP HOUSING & COMMUNITY DVLPNT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,149,525, expenses of $1,152,089 and total assets of $16,678,045 at year end.
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