Nonprofit · EIN 11-3200785
SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · NEW YORK, NY 10041
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,621,194 | $2,287,810 | -$666,616 | $7,967,997 | $12,068,787 | -$4,100,790 |
| December 31, 2023 | 990 | $1,636,307 | $1,967,810 | -$331,503 | $8,333,939 | $11,768,113 | -$3,434,174 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,588,186
- Investment income
- $29,358
- Other revenue
- $3,650
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $364,555
- Salaries, compensation and benefits (total)
- $389,377
- Professional fundraising fees
- $0
- Accounting fees
- $41,900
- Occupancy
- $505,793
- Depreciation
- $715,700
- Program services (functional)
- $2,007,521
- Management and general (functional)
- $280,289
Balance sheet and other
- Total assets, start of year
- $8,333,939
- Total assets, end of year
- $7,967,997
- Total liabilities, end of year
- $12,068,787
- Net assets, end of year
- -$4,100,790
- Land, buildings and equipment
- $6,981,033
- Net assets without donor restrictions
- -$4,100,790
- Gross receipts
- $1,621,194
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1994
- 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 |
|---|---|---|---|---|---|
| David Wagner | CEO, PRESIDENT Trustee or director, Officer | 0.5 | $0 | $1,508,391 | $147,574 |
| David Koschitzki | Chief Financial Officer Officer | 0.5 | $0 | $727,248 | $136,046 |
| Christina Van Vort | Assistant Secretary Officer | 0.5 | $0 | $738,027 | $90,830 |
| William Gormley Sr | Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Steven Topal | Vice Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Alexander Balko | SECRETARY, TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Burton Esrig | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Eli S Feldman | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Danielle Rollmann | Director Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| David Wagner | CEO, PRESIDENT Trustee or director, Officer | 0.5 | $0 | $1,346,372 | $138,798 |
| David Koschitzki | Chief Financial Officer Officer | 0.5 | $0 | $696,333 | $124,203 |
| Christina Van Vort | Assistant Secretary Officer | 0.5 | $0 | $680,101 | $87,581 |
| William Gormley Sr | Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Steven Topal | Vice Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Alexander Balko | SECRETARY, TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Burton Esrig | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Eli S Feldman | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Danielle Rollmann | Director Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 55 WATER ST 46TH FLOOR, NEW YORK, NY 10041-3211
- In care of
- % TUC MANAGEMENT
- Principal officer (990 for 2024)
- DAVID WAGNER, 55 WATER ST 46th FLOOR, NEW YORK, NY 10041
- Signed the 990
- DAVID WAGNER, CEO, PRESIDENT
- Phone
- (718) 491-7208
- Return prepared by
- WithumSmithBrown PC
Mission
SHOREFRONT TOWERS OPERATES A 116 UNIT, NOT-FOR-PROFIT RESIDENTIAL APARTMENT BUILDING COMPLEX FOR THE ELDERLY AND THOSE IN NEED OF CHARITABLE SUPPORT.
Program accomplishments
- SHOREFRONT TOWERS OPERATES A 116 UNIT, NOT-FOR-PROFIT RESIDENTIAL APARTMENT BUILDING COMPLEX FOR THE ELDERLY AND THOSE IN NEED OF CHARITABLE SUPPORT.Expenses $2,007,521 · revenue $1,588,186
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
- 11-3200785
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $7,967,997
- Income (IRS master file)
- $1,621,194
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,621,194 | $2,287,810 | $7,967,997 | XML |
| 990 | December 2023 | $1,636,307 | $1,967,810 | $8,333,939 | XML |
| 990 | December 2022 | $1,629,502 | $2,060,961 | $8,590,027 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 11-3200785).
Questions about SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION is 11-3200785.
- Is SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHOREFRONT TOWERS 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 SHOREFRONT TOWERS 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 SHOREFRONT TOWERS 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 SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names DAVID WAGNER.
- Who are the officers and directors of SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,621,194, expenses of $2,287,810 and total assets of $7,967,997 at year end.
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