Nonprofit · EIN 13-4032452
L E R HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · NEW YORK, NY 10035
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $277,109 | $382,635 | -$105,526 | $977,704 | $1,105,250 | -$127,546 |
| December 31, 2023 | 990 | $378,597 | $411,772 | -$33,175 | $1,052,951 | $1,074,970 | -$22,019 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $277,109
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $64,628
- Salaries, compensation and benefits (total)
- $64,628
- Professional fundraising fees
- $0
- Legal fees
- $527
- Accounting fees
- $5,500
- Depreciation
- $55,432
- Program services (functional)
- $375,246
- Management and general (functional)
- $7,389
Balance sheet and other
- Total assets, start of year
- $1,052,951
- Total assets, end of year
- $977,704
- Total liabilities, end of year
- $1,105,250
- Net assets, end of year
- -$127,546
- Land, buildings and equipment
- $184,307
- Net assets without donor restrictions
- -$127,546
- Gross receipts
- $277,109
- Employees
- 0
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 |
|---|---|---|---|---|---|
| RAUL RUSSI | PRESIDENT Trustee or director, Officer | – | $0 | $896,597 | $101,830 |
| LYMARIS ALBORS | CEO Trustee or director, Officer | – | $0 | $836,684 | $56,068 |
| JOSE R RODRIGUEZ | CLO/EXEC VP Trustee or director, Officer | – | $0 | $562,331 | $30,262 |
| VICKY GATELL | CFO Trustee or director, Officer | – | $0 | $442,213 | $46,781 |
| ELIEZER RODRIGUEZ ESQ | CHAIR Trustee or director | 0 | $0 | $0 | $0 |
| GILBERT HERNANDEZ | SECRETARY Trustee or director | – | $0 | $0 | $0 |
| MARYBETH HOTALING | TREASURER Trustee or director | – | $0 | $0 | $0 |
| CARMEN S MALERO | VICE CHAIR Trustee or director | – | $0 | $0 | $0 |
| ARNIE SEGARRA | MEMBER Trustee or director | – | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RAUL RUSSI | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $909,372 | $70,634 |
| LYMARIS ALBORS | CEO Trustee or director, Officer | 0.5 | $0 | $803,886 | $39,079 |
| JOSE R RODRIGUEZ | CLO/EXEC VP Trustee or director, Officer | 0.5 | $0 | $602,553 | $37,084 |
| VICKY GATELL | CFO Trustee or director, Officer | 0.5 | $0 | $454,869 | $42,707 |
| ANGEL AUDIFFRED | SECRETARY Trustee or director | – | $0 | $0 | $0 |
| ELIEZER BERRIOS | MEMBER Trustee or director | – | $0 | $0 | $0 |
| HENRY COMAS | CHAIR Trustee or director | – | $0 | $0 | $0 |
| RAMON DIAZ | VICE CHAIR Trustee or director | – | $0 | $0 | $0 |
| VIVECA DIAZ | MEMBER Trustee or director | – | $0 | $0 | $0 |
| ELIEZER RODRIGUEZ ESQ | MEMBER Trustee or director | – | $0 | $0 | $0 |
| AMNERIS MORALES | MEMBER Trustee or director | – | $0 | $0 | $0 |
| FRANK QUILES | MEMBER Trustee or director | – | $0 | $0 | $0 |
| WILFRED RENTA | TREASURER Trustee or director | – | $0 | $0 | $0 |
| ANTHONY RIVERA | MEMBER Trustee or director | – | $0 | $0 | $0 |
| SHIRLEY STROUD | MEMBER Trustee or director | – | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 413 E 120TH ST, NEW YORK, NY 10035-3602
- In care of
- % EL BARRIOS OPERATING FIGHTBACK IN
- Principal officer (990 for 2024)
- RAUL RUSSI, 375 EAST 175TH ST, BRONX, NY 10457
- Signed the 990
- RAUL RUSSI, PRESIDENT
- Phone
- (212) 410-7900
- Return prepared by
- VARGAS & RIVERA CPA'S LLP
Mission
THIS CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF DEVELOPING, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME AND NEEDY, PURSUANT TO SECTION 573 OF ARTICLE XI OF THE PHFL
Program accomplishments
- RENTALS TO PERSONS OF LOW INCOME.Expenses $375,246
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
- 13-4032452
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $977,704
- Income (IRS master file)
- $277,109
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $378,597 | $411,772 | $1,052,951 | IRS |
| 990 | December 2022 | $295,280 | $303,777 | $1,143,662 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 L E R HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of L E R HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of L E R HOUSING DEVELOPMENT FUND CORPORATION is 13-4032452.
- Is L E R HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to L E R HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does L E R 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 L E R 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 L E R 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 L E R HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names RAUL RUSSI.
- Who are the officers and directors of L E R HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does L E R HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $277,109, expenses of $382,635 and total assets of $977,704 at year end.
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