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Nonprofit · EIN 11-2396480

ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORP

Tax-exempt (reinstated) · NEW YORK, NY 10039

Financials

$411K$422K2024
Revenue Expenses · by fiscal year end
Financials of ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$411,256$421,909-$10,653$11,189$7,476$3,713
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$411,256
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$281,782
Salaries, compensation and benefits (total)
$421,909
Professional fundraising fees
$0
Program services (functional)
$421,909

Balance sheet and other

Total assets, start of year
$14,366
Total assets, end of year
$11,189
Total liabilities, end of year
$7,476
Net assets, end of year
$3,713
Net assets without donor restrictions
$3,713
Gross receipts
$411,256
Employees
7
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.

NameTitleHours / weekCompensation
RAMON GOMEZMAINTENANCE
Highest-paid employee
40$110,342
JOAN B BROWNEPRESIDENT
Trustee or director, Officer
0.75$0
DERRICK GIBBSVICE PRESIDENT
Trustee or director, Officer
0.75$0
LOVELL JACKSONTREASURER
Trustee or director, Officer
0.75$0
BEVERLY BROWNDIRECTOR
Trustee or director
0.75$0
STEVE WILLIAMSDIRECTOR
Trustee or director
0.75$0

Address and contacts

Address (IRS master file)
2534 ADAM CLAYTON POWELL JR BLVD, NEW YORK, NY 10039-3805
In care of
% WEBB & BROOKER INC
Principal officer (990 for 2024)
JOAN B BROWNE, 2534 ADAM CLAYTON POWELL JR BLVD, NEW YORK, NY 10039
Signed the 990
JOAN B BROWNE, PRESIDENT
Phone
(212) 926-7100
Return prepared by
PKF O'CONNOR DAVIES ADVISORY LLC

Mission

ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORPORATION (THE "CORPORATION") WAS FORMED FOR THE CHARITABLE PURPOSE OF CONDUCTING ACTIVITIES THAT FACILITATE AND PROMOTE THE OPERATION OF AFFORDABLE HOUSING. IN FURTHERANCE OF THESE PURPOSES, THE CORPORATION PROMOTES AND FACILITATES LOW-INCOME HOUSING BY PARTICIPATING IN THE OWNERSHIP AND MANAGEMENT OF A LOW-INCOME HOUSING PROJECT ('PROJECT'). THE PROJECT IS LOCATED AT 480 ST. NICHOLAS AVENUE, NEW YORK, NEW YORK 10030 AND CONSISTS OF CONSISTS OF 260 UNITS.

990 for the year ended December 31, 2024

Program accomplishments

  • ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORPORATION ('CORPORATION') WAS FORMED FOR THE CHARITABLE PURPOSE OF CONDUCTING ACTIVITIES THAT FACILITATE AND PROMOTE THE OPERATION OF AFFORDABLE HOUSING. IN FURTHERANCE OF THESE PURPOSES, THE CORPORATION PROMOTES AND FACILITATES LOW-INCOME HOUSING BY PARTICIPATING IN THE OWNERSHIP AND MANAGEMENT OF A LOW-INCOME HOUSING PROJECT ('PROJECT'). THE PROJECT IS LOCATED AT 480 ST. NICHOLAS AVENUE, NEW YORK, NEW YORK 10030 AND CONSISTS OF CONSISTS OF 260 UNITS: 52 ONE-BEDROOM, 121 TWO-BEDROOM, 70 THREE-BEDROOM AND 17 FOUR-BEDROOM UNITS. CURRENTLY, THE UNITS HAVE THE FOLLOWING OCCUPANCY:NUMBER OF UNITS OCCUPIED BY EXTREMELY LOW (30 PERCENT) INCOME -132NUMBER OF UNITS OCCUPIED BY VERY LOW (50 PERCENT) INCOME - 63NUMBER OF UNITS OCCUPIED BY LOW (80 PERCENT) INCOME -36NUMBER OF UNITS OCCUPIED BY MODERATE INCOME (81 PERCENT-120 PERCENT) INCOME - 21NUMBER OF UNITS OCCUPIED BY MIDDLE INCOME (121 PERCENT) - 3NUMBER OF UNITS CURRENTLY VACANT - 4NUMBER OF UNITS OCCUPIED BY THE BUILDING SUPERINTENDENT -1
    Expenses $421,909 · revenue $411,256

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, 2024Check at the IRS

IRS record

EIN
11-2396480
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
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,189
Income (IRS master file)
$411,256

Revocation and reinstatement

Exemption revoked
November 15, 2010
Posted by the IRS
July 13, 2011
Reinstated
Effective June 15, 2024

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$411,256$421,909$11,189XML

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 11-2396480).

Questions about ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORP

What is the EIN of ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORP?
The employer identification number (EIN) of ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORP is 11-2396480.
Is ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORP tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2010 and reinstated it effective June 15, 2024.
Are donations to ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORP 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 ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORP 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 ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORP 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 ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORP?
The 990 for the year ended December 31, 2024 names JOAN B BROWNE.
Who are the officers and directors of ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORP?
The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $110,342 (RAMON GOMEZ, MAINTENANCE).
How much revenue does ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $411,256, expenses of $421,909 and total assets of $11,189 at year end.

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