Nonprofit · EIN 13-3010578
FORDHAM BEDFORD HOUSING CORP
Tax-exempt · BRONX, NY 10468
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,329,466 | $6,310,596 | $1,018,870 | $74,222,236 | $5,777,962 | $68,444,274 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $212,766
- Program service revenue
- $6,763,451
- Investment income
- $353,249
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $111,828
- Compensation of officers, directors and key employees
- $374,287
- Other salaries and wages
- $3,379,849
- Salaries, compensation and benefits (total)
- $4,822,464
- Professional fundraising fees
- $0
- Legal fees
- $98,118
- Accounting fees
- $123,100
- Occupancy
- $30,000
- Depreciation
- $27,966
- Program services (functional)
- $5,751,961
- Management and general (functional)
- $391,046
- Fundraising (functional)
- $167,589
Balance sheet and other
- Total assets, start of year
- $74,290,867
- Total assets, end of year
- $74,222,236
- Total liabilities, end of year
- $5,777,962
- Net assets, end of year
- $68,444,274
- Land, buildings and equipment
- $131,370
- Net assets without donor restrictions
- $63,244,274
- Net assets with donor restrictions
- $5,200,000
- Gross receipts
- $7,329,466
- Employees
- 52
- Volunteers
- 0
- Year formed
- 1980
- 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 |
|---|---|---|---|---|
| HENG LY | Chief executive officer Trustee or director, Officer | 40 | $329,395 | $44,892 |
| Robert Donovan | Director of Construction Highest-paid employee | 40 | $185,550 | $53,447 |
| Phuong H Vang | Director of Financial Services Highest-paid employee | 40 | $199,142 | $25,145 |
| Gerard Wollweber | Director of Leasing Highest-paid employee | 40 | $188,827 | $22,469 |
| Ibsam Martinez | Director of Spec. Housing Highest-paid employee | 40 | $156,312 | $0 |
| Damion McCathy | Director of Property Mgmt Highest-paid employee | 40 | $155,852 | $0 |
| EILEEN HOGAN | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| ERIKA MARTINEZ | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| CHERYL HARPER | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| WILLIAM DALEY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| JOSE NORAT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| IVAN BOHORQUEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| S LEMURIA ALAWODE-EL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARIBEL MONTILLA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LUIS LUGO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2751 GRAND CONCOURSE, BRONX, NY 10468-3001
- In care of
- % HENG LY
- Principal officer (990 for 2024)
- HENG LY, 2751 Grand Concourse, Bronx, NY 104683001
- Signed the 990
- HENG LY, CEO
- Phone
- (718) 367-3200
- Return prepared by
- WITHUMSMITHBROWN PC
Mission
FBHC WAS FORMED FOR THE PURPOSE OF PROMOTING, DEVELOPING AND MANAGING LOW AND MODERATE INCOME HOUSING, PROVIDING ASSISTANCE TO LOW INCOME FAMILIES AND COMBATING COMMUNITY DETERIORATION IN THE FORDHAM BEDFORD SECTION AND SURROUNDING AREAS OF THE NORTHWEST BRONX.
Program accomplishments
- FBHC PROVIDES DIRECT PROPERTY MANAGEMENT FOR LOW INCOME HOUSING BUILDINGS.Expenses $4,373,081 · revenue $5,882,586
- FBHC PROVIDES SOCIAL SERVICE TO THE COMMUNITY. THIS CONSISTS OF AFTER-SCHOOL PROGRAMS, SUMMER RECREATIONAL ACTIVITIES FOR THE CHILDREN, ENGLISH AS A SECOND LANGUAGE AND CITIZENSHIP COURSES, AMONG OTHERS.Expenses $429,199 · revenue $238,302
- FBHC DEVELOPS AND RENOVATES MULTIFAMILY AFFORDABLE RENTAL HOUSING PROJECTS IN THE NORTHWEST BRONX.Expenses $949,681 · revenue $642,563
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
- 13-3010578
- 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
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21B)
- Assets (IRS master file)
- $74,222,236
- Income (IRS master file)
- $7,329,466
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $8,688,426 | $6,844,191 | $74,290,867 | IRS |
| 990 | December 2022 | $7,445,904 | $7,019,736 | $71,176,424 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FORDHAM BEDFORD HOUSING CORP
- What is the EIN of FORDHAM BEDFORD HOUSING CORP?
- The employer identification number (EIN) of FORDHAM BEDFORD HOUSING CORP is 13-3010578.
- Is FORDHAM BEDFORD HOUSING CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to FORDHAM BEDFORD HOUSING CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORDHAM BEDFORD HOUSING 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 FORDHAM BEDFORD HOUSING 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 FORDHAM BEDFORD HOUSING 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 FORDHAM BEDFORD HOUSING CORP?
- The 990 for the year ended December 31, 2024 names HENG LY.
- Who are the officers and directors of FORDHAM BEDFORD HOUSING CORP?
- The 990 for the year ended December 31, 2024 lists 15 people; 6 received compensation from the organization, the highest $329,395 (HENG LY, Chief executive officer).
- How much revenue does FORDHAM BEDFORD HOUSING CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,329,466, expenses of $6,310,596 and total assets of $74,222,236 at year end.
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