Nonprofit · EIN 13-3784406
DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · NEW YORK, NY 10002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $867,339 | $1,000,197 | -$132,858 | $1,997,935 | $2,579,129 | -$581,194 |
| December 31, 2024 | 990 | $852,353 | $946,846 | -$94,493 | $2,208,157 | $2,656,493 | -$448,336 |
| December 31, 2023 | 990 | $867,279 | $930,742 | -$63,463 | $2,361,668 | $2,715,511 | -$353,843 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $136,646
- of which government grants
- $136,646
- Program service revenue
- $684,005
- Investment income
- $40,951
- Other revenue
- $5,737
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $269,391
- Salaries, compensation and benefits (total)
- $407,011
- Professional fundraising fees
- $0
- Accounting fees
- $9,500
- Depreciation
- $147,431
- Program services (functional)
- $907,661
- Management and general (functional)
- $92,536
Balance sheet and other
- Total assets, start of year
- $2,208,157
- Total assets, end of year
- $1,997,935
- Total liabilities, end of year
- $2,579,129
- Net assets, end of year
- -$581,194
- Land, buildings and equipment
- $284,930
- Net assets without donor restrictions
- -$581,194
- Gross receipts
- $867,339
- Employees
- 1
- Year formed
- 1994
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS YU | EXECUTIVE DIRECTOR Trustee or director, Officer | 35 | $269,391 |
| LILLIAN GEE | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN YU | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNY YANG | BOARD MEMBER Trustee or director | 1 | $0 |
| HSUEH LAM YAN | SECRETARY Trustee or director | 1 | $0 |
| LYDIA TOM | PRESIDENT Trustee or director | 1 | $0 |
| KATHLEEN WEBSTER | BOARD MEMBER Trustee or director | 1 | $0 |
| MINERVA CHIN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS YU | EXECUTIVE DIRECTOR Trustee or director, Officer | 35 | $285,577 |
| LILLIAN GEE | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN YU | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNY YANG | BOARD MEMBER Trustee or director | 1 | $0 |
| HSUEH LAM YAN | SECRETARY Trustee or director | 1 | $0 |
| LYDIA TOM | PRESIDENT Trustee or director | 1 | $0 |
| KATHLEEN WEBSTER | BOARD MEMBER Trustee or director | 1 | $0 |
| MINERVA CHIN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS YU | EXECUTIVE DIRECTOR Trustee or director, Officer | 35 | $275,000 |
| JACQUELINE HUEY | VICE PRESIDENT/TREASURER Trustee or director | 1 | $0 |
| JOHN YU | BOARD MEMBER Trustee or director | 1 | $0 |
| TOM BO LAM | BOARD MEMBER Trustee or director | 1 | $0 |
| HSUEH LAM YAN | SECRETARY Trustee or director | 1 | $0 |
| LYDIA TOM | PRESIDENT Trustee or director | 1 | $0 |
| KATHLEEN WEBSTER | BOARD MEMBER Trustee or director | 1 | $0 |
| MINERVA CHIN | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 141143 NORFOLK ST, NEW YORK, NY 10002-0000
- In care of
- % ASIAN AMERICANS FOR EQUALITY
- Principal officer (990 for 2025)
- THOMAS YU, 141 NORFOLK ST, NEW YORK, NY 10002
- Signed the 990
- THOMAS YU, EXECUTIVE DIRECTOR
- Phone
- (212) 477-2265
- Return prepared by
- JOHN W DAVIS CPA
Mission
Founded in 1994 to provide affordable housing , planning and implementation, community preservation and development, urban planning, technical assistance and community advocacy for residents of Lower Manhattan
Program accomplishments
- RENTAL ACTIVITIES Maintain and provide regulated apartment housing at 1 Pike St, NY, NY. Building has 16 units and 3 commercial spaces
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 | 990 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
- 13-3784406
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L25Z)
- Assets (IRS master file)
- $1,997,935
- Income (IRS master file)
- $867,339
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $867,339 | $1,000,197 | $1,997,935 | IRS |
| 990 | December 2024 | $852,353 | $946,846 | $2,208,157 | IRS |
| 990 | December 2023 | $867,279 | $930,742 | $2,361,668 | XML |
| 990 | December 2022 | $855,851 | $856,559 | $2,534,936 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 13-3784406).
Questions about DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT CORPORATION is 13-3784406.
- Is DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT 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 DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names THOMAS YU.
- Who are the officers and directors of DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $269,391 (THOMAS YU, EXECUTIVE DIRECTOR).
- How much revenue does DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $867,339, expenses of $1,000,197 and total assets of $1,997,935 at year end.
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