Nonprofit · EIN 13-3595749
HERBERT L BROOKS HOUSING DEVELOPMENT FUND COMPANY INC
Tax-exempt · BRONX, NY 10460
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,805,238 | $1,600,531 | $204,707 | $5,043,811 | $8,203,505 | -$3,159,694 |
| December 31, 2023 | 990 | $1,953,236 | $1,488,929 | $464,307 | $4,664,989 | $8,029,390 | -$3,364,401 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,774,545
- Investment income
- $27,678
- Other revenue
- $3,015
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $169,631
- Salaries, compensation and benefits (total)
- $177,901
- Professional fundraising fees
- $0
- Legal fees
- $25,769
- Accounting fees
- $27,370
- Occupancy
- $287,944
- Depreciation
- $248,850
- Program services (functional)
- $1,510,521
- Management and general (functional)
- $90,010
Balance sheet and other
- Total assets, start of year
- $4,664,989
- Total assets, end of year
- $5,043,811
- Total liabilities, end of year
- $8,203,505
- Net assets, end of year
- -$3,159,694
- Land, buildings and equipment
- $2,582,793
- Net assets without donor restrictions
- -$3,159,694
- Gross receipts
- $1,805,238
- Employees
- 2
- Volunteers
- 0
- Year formed
- 1990
- 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 |
|---|---|---|---|---|---|
| DERRICK LOVETT | PRESIDENT/CEO Trustee or director, Officer | 0.1 | $0 | $294,515 | $81,945 |
| RUBRIA M RODRIGUEZ | FISCAL ADMINISTRATOR Officer | 0.1 | $0 | $180,066 | $33,380 |
| APRIL HORTON | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| PHYLLIS WILLIAMS | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| WALLACE MOBLEY | BOARD CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| KENNETH MORRISON | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
| LINDA SARGEANT | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DERRICK LOVETT | PRESIDENT/CEO Trustee or director, Officer | 0.1 | $0 | $271,320 | $19,800 |
| RUBRIA M RODRIGUEZ | FISCAL ADMINISTRATOR Officer | 0.1 | $0 | $166,875 | $4,213 |
| APRIL HORTON | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| CARMEN SILVA | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| FLORENCE BLANCHARD | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| PHYLLIS WILLIAMS | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| WALLACE MOBLEY | BOARD CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| LANDON DAIS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| KENNETHE MORRISON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| LINDA SARGEANT | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1789 SOUTHERN BLVD, BRONX, NY 10460-4801
- In care of
- % MELANIA CINQUE
- Principal officer (990 for 2024)
- DERRICK LOVETT, 1789 SOUTHERN BLVD, BRONX, NY 10460
- Signed the 990
- DERRICK LOVETT, PRESIDENT/CEO
- Phone
- (718) 842-0256
- Return prepared by
- NOVOGRADAC & COMPANY LLP
Mission
SEE SCHEDULE O
Program accomplishments
- TO OPERATE A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 90 UNITS LOCATED IN BRONX, NEW YORK.Expenses $1,510,521 · revenue $1,805,238
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
- 13-3595749
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $5,043,811
- Income (IRS master file)
- $1,805,238
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,805,238 | $1,600,531 | $5,043,811 | XML |
| 990 | December 2023 | $1,953,236 | $1,488,929 | $4,664,989 | XML |
| 990 | December 2022 | $1,875,001 | $1,341,630 | $4,309,168 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 13-3595749).
Questions about HERBERT L BROOKS HOUSING DEVELOPMENT FUND COMPANY INC
- What is the EIN of HERBERT L BROOKS HOUSING DEVELOPMENT FUND COMPANY INC?
- The employer identification number (EIN) of HERBERT L BROOKS HOUSING DEVELOPMENT FUND COMPANY INC is 13-3595749.
- Is HERBERT L BROOKS HOUSING DEVELOPMENT FUND COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to HERBERT L BROOKS HOUSING DEVELOPMENT FUND COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HERBERT L BROOKS 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 HERBERT L BROOKS 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 HERBERT L BROOKS 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 HERBERT L BROOKS HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 names DERRICK LOVETT.
- Who are the officers and directors of HERBERT L BROOKS HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does HERBERT L BROOKS HOUSING DEVELOPMENT FUND COMPANY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,805,238, expenses of $1,600,531 and total assets of $5,043,811 at year end.
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