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Nonprofit · EIN 11-2662285

BEREAN HOUSING DEVELOPMENT FUND COMPANY INC

Tax-exempt · BROOKLYN, NY 11233

Financials

$1.2M$1.5M2022$1.5M$1.6M2023$1.8M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of BEREAN HOUSING DEVELOPMENT FUND COMPANY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$1,812,738$2,101,097-$288,359$2,918,297$7,909,568-$4,991,271
September 30, 2024990$1,501,392$1,609,141-$107,749$3,029,806$7,732,718-$4,702,912
September 30, 2023990$1,160,875$1,461,464-$300,589$2,670,559$7,265,722-$4,595,163
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$1,425,380
of which government grants
$1,425,380
Program service revenue
$375,182
Investment income
$12,176
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$245,180
Salaries, compensation and benefits (total)
$273,701
Professional fundraising fees
$0
Legal fees
$57,985
Accounting fees
$29,912
Occupancy
$651,443
Depreciation
$147,972
Program services (functional)
$1,953,134
Management and general (functional)
$147,963

Balance sheet and other

Total assets, start of year
$3,029,806
Total assets, end of year
$2,918,297
Total liabilities, end of year
$7,909,568
Net assets, end of year
-$4,991,271
Land, buildings and equipment
$2,349,584
Net assets without donor restrictions
-$4,991,271
Gross receipts
$1,812,738
Employees
8
Year formed
1983
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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
DR ARLEE ARKOFAPRESIDENT
Trustee or director, Officer
1$0
REV TREVOR HYDEVICE PRESIDENT
Trustee or director, Officer
1$0
FORREST MCDONALDTREASURER
Trustee or director, Officer
1$0
RONALD BRIDGESDIRECTOR
Trustee or director
1$0
MICHAEL JOHNSONDIRECTOR
Trustee or director
1$0
LATONYA EVANSDIRECTOR
Trustee or director
1$0
JOHN WATSONDIRECTOR
Trustee or director
1$0
VIVIAN Y BRIGHTSECRETARY
Trustee or director, Officer
1$0
990 for the year ended September 30, 2024: 8 people
NameTitleHours / weekCompensation
DR ARLEE ARKOFAPRESIDENT
Trustee or director, Officer
1$0
REV TREVOR HYDEVICE PRESIDENT
Trustee or director, Officer
1$0
FORREST MCDONALDTREASURER
Trustee or director, Officer
1$0
RONALD BRIDGESDIRECTOR
Trustee or director
1$0
MICHAEL JOHNSONDIRECTOR
Trustee or director
1$0
LATONYA EVANSDIRECTOR
Trustee or director
1$0
JOHN WATSONDIRECTOR
Trustee or director
1$0
VIVIAN Y BRIGHTSECRETARY
Trustee or director, Officer
1$0
990 for the year ended September 30, 2023: 9 people
NameTitleHours / weekCompensation
DR ARLEE ARKOFAPRESIDENT
Trustee or director, Officer
1$0
REV TREVOR HYDEVICE PRESIDENT
Trustee or director, Officer
1$0
MARY MASONSECRETARY - Deceased
Trustee or director, Officer
1$0
FORREST MCDONALDTREASURER
Trustee or director, Officer
1$0
RONALD BRIDGESDIRECTOR
Trustee or director
1$0
MICHAEL JOHNSONDIRECTOR
Trustee or director
1$0
LATONYA EVANSDIRECTOR
Trustee or director
1$0
JOHN WATSONDIRECTOR
Trustee or director
1$0
VIVIAN Y BRIGHTSECRETARY
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1481 SAINTS MARK AVE, BROOKLYN, NY 11233-0000
In care of
% CAPITAL REALTY GROUP INC
Principal officer (990 for 2024)
Dr Arlee Arkofa, 1481 Saints Mark Ave, Brooklyn, NY 11233
Signed the 990
Dr Arlee Arkofa, PRESIDENT
Return prepared by
Fogel Klein LLP

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE RESIDENTIAL HOUSING TO LOW-INCOME ELDERLY.

990 for the year ended September 30, 2025

Program accomplishments

  • THE ORGANIZATION CONTINUES TO PROVIDE SUPPORTIVE HOUSING TO LOW-INCOME ELDERLY IN ITS 77-UNIT RESIDENIAL HOUSING PROJECT IN BROOKLYN, NEW YORK. THE PROJECT IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS UNDER THE SECTION 202 SUPPORTIVE HOUSING FOR THE ELDERLY PROGRAM.
    Expenses $1,953,134 · revenue $375,182

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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
11-2662285
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
1994
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,918,297
Income (IRS master file)
$1,812,738

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$1,812,738$2,101,097$2,918,297XML
990September 2024$1,501,392$1,609,141$3,029,806XML
990September 2023$1,160,875$1,461,464$2,670,559XML
990September 2022$1,130,145$1,264,006$2,907,739IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 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 11-2662285).

Questions about BEREAN HOUSING DEVELOPMENT FUND COMPANY INC

What is the EIN of BEREAN HOUSING DEVELOPMENT FUND COMPANY INC?
The employer identification number (EIN) of BEREAN HOUSING DEVELOPMENT FUND COMPANY INC is 11-2662285.
Is BEREAN HOUSING DEVELOPMENT FUND COMPANY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to BEREAN HOUSING DEVELOPMENT FUND COMPANY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BEREAN 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 BEREAN HOUSING DEVELOPMENT FUND COMPANY INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BEREAN 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 September 2025.
Who is the principal officer of BEREAN HOUSING DEVELOPMENT FUND COMPANY INC?
The 990 for the year ended September 30, 2025 names Dr Arlee Arkofa.
Who are the officers and directors of BEREAN HOUSING DEVELOPMENT FUND COMPANY INC?
The 990 for the year ended September 30, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does BEREAN HOUSING DEVELOPMENT FUND COMPANY INC have?
On its 990 for the year ended September 30, 2025 it reported revenue of $1,812,738, expenses of $2,101,097 and total assets of $2,918,297 at year end.

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