Nonprofit · EIN 13-3614970
TIMPSON HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · BRONX, NY 10455
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,624,916 | $3,399,106 | -$774,190 | $6,126,850 | $10,567,861 | -$4,441,011 |
| December 31, 2023 | 990 | $2,579,704 | $2,688,940 | -$109,236 | $7,049,197 | $10,716,018 | -$3,666,821 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,615,427
- Investment income
- $9,489
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $382,315
- Salaries, compensation and benefits (total)
- $590,557
- Professional fundraising fees
- $0
- Legal fees
- $64,972
- Accounting fees
- $15,475
- Depreciation
- $482,942
- Program services (functional)
- $3,179,129
- Management and general (functional)
- $219,977
Balance sheet and other
- Total assets, start of year
- $7,049,197
- Total assets, end of year
- $6,126,850
- Total liabilities, end of year
- $10,567,861
- Net assets, end of year
- -$4,441,011
- Land, buildings and equipment
- $2,386,454
- Net assets without donor restrictions
- -$4,441,011
- Gross receipts
- $2,624,916
- Employees
- 10
- Volunteers
- 0
- Year formed
- 1991
- 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 |
|---|---|---|---|---|
| SALVATORE GIGANTE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $250,490 |
| SONAL SHAH | CONTROLLER Highest-paid employee | 1 | $0 | $144,679 |
| ANGELA DAVIS FARRISH | CHIEF EXECUTIVE DIRECT Officer | 1 | $0 | $34,615 |
| ENRICO BOCCIA | CHAIR Trustee or director, Officer | 0 | $0 | $0 |
| EVELYN VELAZQUEZ | TREASURER/SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| SALVATORE GIGANTE | VICE PRESIDE Trustee or director, Officer | 0.3 | $0 | $251,995 |
| SONAL SHAH | CONTROLLER Highest-paid employee | 0 | $0 | $139,248 |
| ENRICO BOCCIA | CHAIR Trustee or director, Officer | 0.05 | $0 | $0 |
| EVELYN VELAZQUEZ | TREASURER/SE Trustee or director, Officer | 0.05 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 429 BRUCKNER BLVD 2ND FL, BRONX, NY 10455-5007
- Principal officer (990 for 2024)
- SALVATORE GIGANTE, 429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY 10455
- Signed the 990
- SALVATORE GIGANTE, VICE PRESIDENT
- Phone
- (347) 726-2547
- Return prepared by
- LIPSKY GOODKIN & CO PC
Mission
THE COMPANY OPERATES LOW INCOME HOUSING PROJECTS IN THE SOUTH BRONX. IN ADDITION THE COMPANY PROVIDES SOCIAL SERVICES FOR THE TENANTS.
Program accomplishments
- THE COMPANY OPERATES LOW INCOME HOUSING IN THE SOUTH BROXN. THE COMPANY ALSO PROVIDES SOCIAL SERVICES FOR THE TENANTS.Expenses $3,179,129
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
- 13-3614970
- 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
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,126,850
- Income (IRS master file)
- $2,624,916
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,624,916 | $3,399,106 | $6,126,850 | XML |
| 990 | December 2023 | $2,579,704 | $2,688,940 | $7,049,197 | XML |
| 990 | December 2022 | $2,600,012 | $2,743,950 | $7,010,566 | 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 13-3614970).
Questions about TIMPSON HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of TIMPSON HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of TIMPSON HOUSING DEVELOPMENT FUND CORPORATION is 13-3614970.
- Is TIMPSON HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to TIMPSON HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TIMPSON HOUSING DEVELOPMENT FUND 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 TIMPSON HOUSING DEVELOPMENT FUND 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 TIMPSON HOUSING DEVELOPMENT FUND 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 TIMPSON HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names SALVATORE GIGANTE.
- Who are the officers and directors of TIMPSON HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does TIMPSON HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,624,916, expenses of $3,399,106 and total assets of $6,126,850 at year end.
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