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Nonprofit · EIN 13-4098287

PROSPECT HOUSING DEVELOPMENT FUND CORPORATION

Tax-exempt · BRONX, NY 10458

Financials

$340K$277K2023$326K$313K2024
Revenue Expenses · by fiscal year end
Financials of PROSPECT HOUSING DEVELOPMENT FUND CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$325,948$313,250$12,698$1,224,041$875,606$348,435
December 31, 2023990$340,260$277,290$62,970$1,221,571$885,834$335,737
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$319,877
Investment income
$6,071
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$14,275
Accounting fees
$4,859
Depreciation
$60,858
Program services (functional)
$206,055
Management and general (functional)
$107,195

Balance sheet and other

Total assets, start of year
$1,221,571
Total assets, end of year
$1,224,041
Total liabilities, end of year
$875,606
Net assets, end of year
$348,435
Land, buildings and equipment
$416,332
Net assets without donor restrictions
$348,435
Gross receipts
$325,948
Employees
0
Year formed
2000
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.

NameTitleHours / weekCompensation
CONSOLATO CICCIUPRESIDENT
Trustee or director
1$0
CECILIA FERROSECRETARY
Trustee or director
1$0
PAUL FRACASSIVICE PRESIDENT
Trustee or director
0.25$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
PAUL FRACASSIVICE PRESIDENT
Trustee or director
0.25$0
CECILIA FERROSECRETARY
Trustee or director
1$0
CONSOLATO CICCIUPRESIDENT
Trustee or director
1$0

Address and contacts

Address (IRS master file)
660 EAST 183RD STREET, BRONX, NY 10458-8742
In care of
% CONSOLATO CICCIU
Signed the 990
CONSOLATO CICCIU, PRESIDENT
Phone
(718) 295-2882
Return prepared by
Luigi LaVerghetta CPA PC

Mission

TO PROVIDE LOW INCOME TO MODERATE INCOME HOUSING OPPORTUNITIES FOR THE COMMUNITY

990 for the year ended December 31, 2024

Program accomplishments

  • THE PROPERTY GENERATES REVENUE PRIMARILY THROUGH SUBSIDIZED RENTALS OCCUPIED BY LOW-TO-MODERATE-INCOME FAMILIES. ASSOCIATED EXPENSES, INCLUDING ADMINISTRATIVE FEES, UTILITIES, REPAIRS, MAINTENANCE, TAXES, AND INSURANCE, ARE NECESSARY FOR THE EFFICIENT OPERATION OF THE PREMISES AND REGULATORY COMPLIANCE.
    Expenses $206,055 · revenue $319,877

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
13-4098287
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
2005
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,224,041
Income (IRS master file)
$325,948

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$325,948$313,250$1,224,041IRS
990December 2023$340,260$277,290$1,221,571XML
990December 2022$321,324$274,760$1,186,687IRS
990December 2021–––IRS
990December 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 13-4098287).

Questions about PROSPECT HOUSING DEVELOPMENT FUND CORPORATION

What is the EIN of PROSPECT HOUSING DEVELOPMENT FUND CORPORATION?
The employer identification number (EIN) of PROSPECT HOUSING DEVELOPMENT FUND CORPORATION is 13-4098287.
Is PROSPECT HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to PROSPECT HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PROSPECT 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 PROSPECT 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 PROSPECT 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 are the officers and directors of PROSPECT HOUSING DEVELOPMENT FUND CORPORATION?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does PROSPECT HOUSING DEVELOPMENT FUND CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $325,948, expenses of $313,250 and total assets of $1,224,041 at year end.

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