Nonprofit · EIN 13-3960661
LANTERN ORGANIZATION INC
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $20,764,803 | $18,508,922 | $2,255,881 | $57,031,398 | $23,224,031 | $33,807,367 |
| December 31, 2023 | 990 | $17,036,290 | $16,052,550 | $983,740 | $54,988,060 | $23,063,328 | $31,924,732 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,463,710
- of which government grants
- $8,338,710
- Program service revenue
- $12,226,730
- Investment income
- $74,363
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $4,801,295
- Salaries, compensation and benefits (total)
- $5,390,748
- Professional fundraising fees
- $0
- Legal fees
- $52,179
- Accounting fees
- $83,526
- Depreciation
- $1,383,144
- Program services (functional)
- $16,831,776
- Management and general (functional)
- $1,677,146
Balance sheet and other
- Total assets, start of year
- $54,988,060
- Total assets, end of year
- $57,031,398
- Total liabilities, end of year
- $23,224,031
- Net assets, end of year
- $33,807,367
- Land, buildings and equipment
- $14,372,318
- Net assets without donor restrictions
- $33,807,367
- Gross receipts
- $20,764,803
- Employees
- 42
- Volunteers
- 0
- Year formed
- 1997
- 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 | Other / benefits |
|---|---|---|---|---|
| DANIEL KENT | PRESIDENT Officer | 35 | $300,000 | $18,184 |
| JUDY PARK | CONTROLLER Highest-paid employee | 35 | $140,000 | $21,000 |
| LESLEY HANSON | VP OF LEASING & COMP Highest-paid employee | 35 | $135,000 | $1,350 |
| CHRISTOPHER BENSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RAFAL MARKWAT | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT CHERVENAK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SEBASTIAN PALMER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NATHANIEL WICE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBIN D'SOUZA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL KENT | PRESIDENT Officer | 35 | $300,000 | $40,704 |
| JUDY PARK | CONTROLLER Highest-paid employee | 35 | $125,000 | $44,277 |
| DAVID MATEO | DIRECTOR OF Highest-paid employee | 35 | $115,000 | $43,777 |
| LES HANSON | VP OF LEASIN Highest-paid employee | 35 | $135,000 | $14,234 |
| CHRISTOPHER BENSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RAFAL MARKWAT | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT CHERVENAK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SEBASTIAN PALMER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NATHANIEL WICE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBIN D'SOUZA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 42 W 39TH STREET 14TH FLOOR, NEW YORK, NY 10018-2082
- Principal officer (990 for 2024)
- DANIEL KENT, 42 WEST 39TH STREET 14TH FLLOR, NEW YORK, NY 10018
- Signed the 990
- DANIEL KENT, PRESIDENT
- Phone
- (212) 292-8400
- Website
- HTTPS://LANTERNCOMMUNITY.ORG
- Return prepared by
- GELTRUDE & CO LLC
Mission
DEVELOP HOUSING FOR PEOPLE WITH SPECIAL NEEDS.
Program accomplishments
- THE ORGANIZATION SPONSORED AND PROVIDED TECHNICAL ASSISTANCE AND SUPERVISION TO LOW AND MODERATE INCOME HOUSING PROJECTS, INCLUDING SUPPORTIVE HOUSING FOR SPECIAL NEEDS POPULATIONS. SERVICES PROVIDED BY THE ORGANIZATION INCLUDE LOCATING SITES, FEASIBILITY ANALYSIS, IDENTIFYING AND SECURING SUBSIDIES, IDENTIFYING AND COORDINATING DEVELOPMENT TEAM MEMBERS AND SUPERVISING THE MANAGEMENT AND OPERATION OF THE SERVICES AT COMPLETED SITES.Expenses $16,831,776 · revenue $12,226,730
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
- 13-3960661
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $57,031,398
- Income (IRS master file)
- $20,764,803
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $20,764,803 | $18,508,922 | $57,031,398 | XML |
| 990 | December 2023 | $17,036,290 | $16,052,550 | $54,988,060 | XML |
| 990 | December 2022 | $14,682,075 | $5,962,360 | $40,301,929 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about LANTERN ORGANIZATION INC
- What is the EIN of LANTERN ORGANIZATION INC?
- The employer identification number (EIN) of LANTERN ORGANIZATION INC is 13-3960661.
- Is LANTERN ORGANIZATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to LANTERN ORGANIZATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LANTERN ORGANIZATION 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 LANTERN ORGANIZATION 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 LANTERN ORGANIZATION 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 LANTERN ORGANIZATION INC?
- The 990 for the year ended December 31, 2024 names DANIEL KENT.
- Who are the officers and directors of LANTERN ORGANIZATION INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 3 received compensation from the organization, the highest $300,000 (DANIEL KENT, PRESIDENT).
- How much revenue does LANTERN ORGANIZATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $20,764,803, expenses of $18,508,922 and total assets of $57,031,398 at year end.
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