Nonprofit · EIN 11-3633048
TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION
Tax-exempt · OAKDALE, NY 11769
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $191,327 | $166,410 | $24,917 | $1,788,904 | $90,517 | $1,698,387 |
| December 31, 2023 | 990 | $167,955 | $116,754 | $51,201 | $1,727,167 | $53,697 | $1,673,470 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $164,285
- Investment income
- $27,042
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,600
- Depreciation
- $33,581
- Program services (functional)
- $121,724
- Management and general (functional)
- $44,686
Balance sheet and other
- Total assets, start of year
- $1,727,167
- Total assets, end of year
- $1,788,904
- Total liabilities, end of year
- $90,517
- Net assets, end of year
- $1,698,387
- Land, buildings and equipment
- $1,011,271
- Net assets without donor restrictions
- $1,698,387
- Gross receipts
- $191,327
- Employees
- 0
- Year formed
- 2001
- 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 |
|---|---|---|---|
| MARY HOMES REID | Director Trustee or director | 2 | $0 |
| JACKIE FOSTER | President Officer | 2 | $0 |
| DOROTHY COURTEN | Vice President Officer | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY HOMES REID | Director Trustee or director | 2 | $0 |
| JACKIE FOSTER | President Officer | 2 | $0 |
| GRACE SCHLOSSER | Treasurer Officer | 2 | $0 |
| DOROTHY COURTEN | Vice President Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 963 MONTAUK HWY, OAKDALE, NY 11769-1433
- In care of
- % RICHARD ALBANESE
- Signed the 990
- JACKIE FOSTER, Executive Director
- Phone
- (631) 589-7100
- Return prepared by
- Polcari & Co CPAs
Mission
TO ACQUIRE, CONSTRUCT AND PROVIDE AFFORDABLE RENTAL PROPERTY AND AFFORDABLE HOUSING INITIATIVES USED IN CONJUNCTION WITH VARIOUS PROGRAMS, SUCH AS THE SECTION 8 HOUSING CHOICE VOUCHER PROGRAM, AND TO ESTABLISH AND PROVIDE A PROGRAM FOR FIRST-TIME HOMEBUYERS WITH TEH TOWN OF ISLIP HOUSING AUTHORITY. THE PROGRAM WILL PROVIDE GRANT FUNDS TO FURTHER AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES AND MAINTAIN LONG-TERM VIABILITY OF AFFORDABLE HOUSING PROPERTIES.TO DATE, THE ORGANIZATION HAS CONSTRUCTED IN BAY SHORE ONE NEW 2-FAMILY DWELLING, WHICH IS OCCUPIED BY TWO LOW-INCOME RENTAL FAMILIES AN DONE NEW 3-FAMILY DWELLING, WHICH IS OCCUPIED BY THREE LOW INCOME RENTAL FAMILIES. OUR TUDOR LANE FIRET-TIME HOMEBUYER PROGRAM (18 UNITS) WAS COMPLETED WITH THE SALE OF 18 AFFORDABLE 2-4 BEDROOM HOMES TO FEW FIRST TIME HOMEBUYERS. tHE PROPERTIES CONTINUE TO BE HELD BY THE BUYERS, AND THE ORGANIZATION HOLD EQUITY MORTGAGES WHERE THE FAMILIES ARE RELIEVED FO THER OBLIGATION TO REPAY IF THE PROPERTIES AE U
Program accomplishments
- To provide and maintain Affordable Housing to low-income families in conjunction with various programs. Includes one two family dwelling and one three family dwelling located in Bay Shore, NY.The program also provides a Grant programs to further assist families to get into Assisted Housing helping with security deposit payments. Looks for programs to provide Grant payments / Program Assistance to, in partnership with local not-for-profit / Affordable Housing focused agencies.Expenses $121,724 · revenue $164,285
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
- 11-3633048
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $1,788,904
- Income (IRS master file)
- $191,327
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $191,327 | $166,410 | $1,788,904 | XML |
| 990 | December 2023 | $167,955 | $116,754 | $1,727,167 | XML |
| 990 | December 2022 | $117,563 | $114,420 | $1,676,598 | 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 11-3633048).
Questions about TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION
- What is the EIN of TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION is 11-3633048.
- Is TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TOWN OF ISLIP HOUSING DEVELOPMENT 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 TOWN OF ISLIP HOUSING DEVELOPMENT 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 TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $191,327, expenses of $166,410 and total assets of $1,788,904 at year end.
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