Nonprofit · EIN 13-3826436
NEW WALTON AVENUE HDFC
Tax-exempt · BRONX, NY 10468
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,553,648 | $2,428,855 | $124,793 | $4,378,113 | $621,287 | $3,756,826 |
| December 31, 2023 | 990 | $2,488,752 | $2,271,330 | $217,422 | $3,989,138 | $357,105 | $3,632,033 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,503,988
- Investment income
- $49,660
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $39,918
- Accounting fees
- $42,892
- Occupancy
- $1,178,643
- Depreciation
- $98,582
- Program services (functional)
- $2,373,845
- Management and general (functional)
- $55,010
Balance sheet and other
- Total assets, start of year
- $3,989,138
- Total assets, end of year
- $4,378,113
- Total liabilities, end of year
- $621,287
- Net assets, end of year
- $3,756,826
- Land, buildings and equipment
- $853,793
- Net assets without donor restrictions
- $3,756,826
- Gross receipts
- $2,553,648
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1995
- 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 |
|---|---|---|---|---|---|
| Heng Ly | Secretary/Treasurer Trustee or director, Officer | 0.5 | $0 | $329,395 | $44,892 |
| Manuela Schaudt | Director Trustee or director | 0.5 | $0 | $235,353 | $21,458 |
| Eileen Hogan | president Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOSE NORAT | Vice President Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Erika Martinez | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Cheryl Harper | Director Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Heng Ly | Secretary/Treasurer Trustee or director, Officer | 0.5 | $0 | $355,900 | $68,249 |
| Luis Ortega | president Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOSE NORAT | Vice President Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Erika Martinez | Director Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2751 GRAND CONCOURSE, BRONX, NY 10468-3001
- In care of
- % HENG LY
- Principal officer (990 for 2024)
- HENG LY, 2751 GRAND CONCOURSE, BRONX, NY 10468
- Signed the 990
- HENG LY, Secretary/Treasurer
- Phone
- (718) 367-3200
- Return prepared by
- WITHUMSMITHBROWN PC
Mission
SEE SCHEDULE O
Program accomplishments
- THE ORGANIZATION OPERATES COMMUNITY FACILITY SPACE TO PROVIDE EDUCATIONAL SERVICES TO THE COMMUNITY.Expenses $274,644 · revenue $284,921
- THE COMPANY OPERATES 10 BUILDINGS CONTAIN 193 RENTAL APARTMENT UNITS IN OPERATIONS FOR LOW- AND VERY LOW-INCOME FAMILIES AND ARE LOCATED IN THE BRONX, NEW YORK.Expenses $2,099,201 · revenue $2,219,067
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
- 13-3826436
- 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 (L80)
- Assets (IRS master file)
- $4,378,113
- Income (IRS master file)
- $2,553,648
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,553,648 | $2,428,855 | $4,378,113 | XML |
| 990 | December 2023 | $2,488,752 | $2,271,330 | $3,989,138 | XML |
| 990 | December 2022 | $2,393,374 | $2,162,464 | $3,753,866 | 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 13-3826436).
Questions about NEW WALTON AVENUE HDFC
- What is the EIN of NEW WALTON AVENUE HDFC?
- The employer identification number (EIN) of NEW WALTON AVENUE HDFC is 13-3826436.
- Is NEW WALTON AVENUE HDFC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to NEW WALTON AVENUE HDFC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW WALTON AVENUE HDFC 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 NEW WALTON AVENUE HDFC 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 NEW WALTON AVENUE HDFC 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 NEW WALTON AVENUE HDFC?
- The 990 for the year ended December 31, 2024 names HENG LY.
- Who are the officers and directors of NEW WALTON AVENUE HDFC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does NEW WALTON AVENUE HDFC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,553,648, expenses of $2,428,855 and total assets of $4,378,113 at year end.
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