Nonprofit · EIN 13-3175057
SOUTHWEST 141 STREET HOUSING DEVELOPMENT FUND COMPANY INC
Tax-exempt · RICHMOND HILL, NY 11418
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,935,859 | $1,972,826 | -$36,967 | $7,265,413 | $12,910,442 | -$5,645,029 |
| December 31, 2023 | 990 | $1,835,666 | $2,176,169 | -$340,503 | $7,306,358 | $12,914,420 | -$5,608,062 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,918,346
- Investment income
- $17,513
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $215,201
- Salaries, compensation and benefits (total)
- $332,057
- Professional fundraising fees
- $0
- Legal fees
- $45,322
- Accounting fees
- $31,014
- Occupancy
- $597,006
- Depreciation
- $392,892
- Program services (functional)
- $1,813,171
- Management and general (functional)
- $159,655
Balance sheet and other
- Total assets, start of year
- $7,306,358
- Total assets, end of year
- $7,265,413
- Total liabilities, end of year
- $12,910,442
- Net assets, end of year
- -$5,645,029
- Land, buildings and equipment
- $5,542,638
- Net assets without donor restrictions
- -$5,645,029
- Gross receipts
- $1,935,859
- Employees
- 5
- Volunteers
- 0
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MSGR KEVIN NELAN | PRESIDENT/DIRECTOR Trustee or director, Officer | 5 | $0 |
| DEACON RODNEY BECKFORD | TREASURER/DIRECTOR Trustee or director, Officer | 5 | $0 |
| PEDRO MORALES | DIRECTOR Trustee or director | 5 | $0 |
| THERESA MADDICKS | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MSGR KEVIN NELAN | PRESIDENT / DIRECTOR Trustee or director, Officer | 5 | $0 |
| THERESA MADDICKS | DIRECTOR Trustee or director | 5 | $0 |
| DEACON RODNEY BECKFORD | DIRECTOR / TREASURER Trustee or director, Officer | 5 | $0 |
| PEDRO MORALES | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 8714 116TH ST, RICHMOND HILL, NY 11418-2426
- In care of
- % THE WAVECREST MANAGEMENT TEA
- Principal officer (990 for 2024)
- MSGR KEVIN NELAN, 1122 FRANKLIN AVENUE SUITE 406, GARDEN CITY, NY 11530
- Signed the 990
- MSGR KEVIN NELAN, PRESIDENT
- Phone
- (516) 248-4817
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
Mission
TO PROVIDE RENTAL APARTMENTS FOR ELDERLY PERSONS, PERSONS WITH DISABILITIES OR PERSONS WITH VERY LOW INCOME.
Program accomplishments
- THE CORPORATION OWNS AND OPERATES 69 RENTAL APARTMENTS FOR ELDERLY PERSONS, PERSONS WITH DISABILITIES, AND PERSONS WITH VERY LOW INCOME.Expenses $1,813,171 · revenue $1,918,346
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
- 13-3175057
- 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
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,265,413
- Income (IRS master file)
- $1,935,859
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,935,859 | $1,972,826 | $7,265,413 | XML |
| 990 | December 2023 | $1,835,666 | $2,176,169 | $7,306,358 | XML |
| 990 | December 2022 | $1,766,309 | $1,934,038 | $7,661,027 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 13-3175057).
Questions about SOUTHWEST 141 STREET HOUSING DEVELOPMENT FUND COMPANY INC
- What is the EIN of SOUTHWEST 141 STREET HOUSING DEVELOPMENT FUND COMPANY INC?
- The employer identification number (EIN) of SOUTHWEST 141 STREET HOUSING DEVELOPMENT FUND COMPANY INC is 13-3175057.
- Is SOUTHWEST 141 STREET HOUSING DEVELOPMENT FUND COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to SOUTHWEST 141 STREET HOUSING DEVELOPMENT FUND COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHWEST 141 STREET 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 SOUTHWEST 141 STREET HOUSING DEVELOPMENT FUND COMPANY INC 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 SOUTHWEST 141 STREET 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 December 2024.
- Who is the principal officer of SOUTHWEST 141 STREET HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 names MSGR KEVIN NELAN.
- Who are the officers and directors of SOUTHWEST 141 STREET HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SOUTHWEST 141 STREET HOUSING DEVELOPMENT FUND COMPANY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,935,859, expenses of $1,972,826 and total assets of $7,265,413 at year end.
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