Nonprofit · EIN 13-3023179
M B D COMMUNITY HOUSING CORPORATION
Tax-exempt · BRONX, NY 10460
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,418,639 | $2,425,325 | $2,993,314 | $31,366,698 | $1,832,586 | $29,534,112 |
| December 31, 2023 | 990 | $5,121,582 | $2,379,820 | $2,741,762 | $28,075,979 | $1,106,985 | $26,968,994 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $129,724
- of which government grants
- $129,724
- Program service revenue
- $4,929,757
- Investment income
- $298,939
- Net income from fundraising events
- $60,219
- Other revenue
- $60,219
Expenses
- Grants and similar amounts paid
- $43,397
- Compensation of officers, directors and key employees
- $498,459
- Other salaries and wages
- $587,740
- Salaries, compensation and benefits (total)
- $1,317,797
- Professional fundraising fees
- $169,343
- Legal fees
- $17,500
- Accounting fees
- $334,485
- Occupancy
- $16,500
- Travel
- $11,052
- Depreciation
- $45,506
- Program services (functional)
- $1,567,677
- Management and general (functional)
- $857,648
Balance sheet and other
- Total assets, start of year
- $28,075,979
- Total assets, end of year
- $31,366,698
- Total liabilities, end of year
- $1,832,586
- Net assets, end of year
- $29,534,112
- Land, buildings and equipment
- $293,216
- Net assets without donor restrictions
- $29,534,112
- Gross receipts
- $5,587,982
- Employees
- 19
- Volunteers
- 0
- Year formed
- 1975
- 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 |
|---|---|---|---|---|
| DERRICK LOVETT | NON-VOTING MEMBER Trustee or director, Officer | 30 | $311,965 | $52,338 |
| RUBRIA RODRIGUEZ | ADMINISTRATOR Trustee or director, Officer | 20 | $183,370 | $18,364 |
| WALLACE MOBLEY | TREASURER Trustee or director, Officer | 60 | $0 | $0 |
| PHILLIS WILLIAMS | SECRETARY Trustee or director, Officer | 20 | $0 | $0 |
| WALLACE MOBLEY | BOARD CHAIR Trustee or director, Officer | 20 | $0 | $0 |
| LINDA SARGENT | BOARD MEMBER Trustee or director | 20 | $0 | $0 |
| KENNETHE MORRISON | BOARD MEMBER Trustee or director | 40 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DERRICK LOVETT | NON-VOTING MEMBER Trustee or director, Officer | 30 | $288,788 | $303,707 |
| RUBRIA RODRIGUEZ | ADMINISTRATOR Officer | 20 | $170,296 | $182,697 |
| APRIL HORTON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LANDON DAIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PHYLLIS WILLIAMS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| WALLACE MOBLEY | BOARD CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| LINDA SARGENT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KENNETHE MORRISON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1789 SOUTHERN BLVD, BRONX, NY 10460-4801
- In care of
- % MR DERRICK LOVETT
- Principal officer (990 for 2024)
- DERRICK LOVETT, 1789 SOUTHERN BLVD, BRONX, NY 10460
- Signed the 990
- DERRICK LOVETT, PRESIDENT/CEO
- Phone
- (718) 842-0256
- Website
- WWW.MBDHOUSING.ORG
- Return prepared by
- NOVOGRADAC & COMPANY LLP
Mission
TO IMPROVE THE QUALITY OF LIFE BY PROVIDING EXEMPLARY SERVICES TO ITS COMMUNITY THROUGH HOUSING DEVELOPMENT, PROPERTY MANAGEMENT, ECONOMIC DEVELOPMENT AND DELIVERY FOR HUMAN SERVICES THROUGH CREATIVE DEVELOPMENT AND UTILIZATION OF RESOUCES BY QUALIFIED PERSONNEL.
Program accomplishments
- AFFORDABLE HOUSING PROGRAM - PROVIDE LOW AND MODERATE INCOME HOUSING BY UPGRADING DETERIORATED NEIGHBORHOODS.Expenses $1,567,677 · grants $43,397 · revenue $4,929,757
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
- 13-3023179
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $31,366,698
- Income (IRS master file)
- $5,587,982
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,418,639 | $2,425,325 | $31,366,698 | XML |
| 990 | December 2023 | $5,121,582 | $2,379,820 | $28,075,979 | XML |
| 990 | December 2022 | $3,845,818 | $2,409,703 | $24,519,771 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 13-3023179).
Questions about M B D COMMUNITY HOUSING CORPORATION
- What is the EIN of M B D COMMUNITY HOUSING CORPORATION?
- The employer identification number (EIN) of M B D COMMUNITY HOUSING CORPORATION is 13-3023179.
- Is M B D COMMUNITY HOUSING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to M B D COMMUNITY HOUSING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does M B D COMMUNITY HOUSING 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 M B D COMMUNITY HOUSING 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 M B D COMMUNITY HOUSING 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 M B D COMMUNITY HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 names DERRICK LOVETT.
- Who are the officers and directors of M B D COMMUNITY HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $311,965 (DERRICK LOVETT, NON-VOTING MEMBER).
- How much revenue does M B D COMMUNITY HOUSING CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,418,639, expenses of $2,425,325 and total assets of $31,366,698 at year end.
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