Nonprofit · EIN 13-4127747
FORTUNE HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · LONG ISLAND CITY, NY 11101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $0 | $54,141 | -$54,141 | -$824,490 | $41,570 | -$866,060 |
| December 31, 2023 | 990 | -$2,002 | $2,228 | -$4,230 | -$772,575 | $39,344 | -$811,919 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $54,141
Balance sheet and other
- Total assets, start of year
- -$772,575
- Total assets, end of year
- -$824,490
- Total liabilities, end of year
- $41,570
- Net assets, end of year
- -$866,060
- Net assets with donor restrictions
- -$866,060
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2010
- 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 |
|---|---|---|---|---|---|
| STANLEY RICHARDS | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $280,356 | $47,123 |
| STEVEN HICKMAN | CFO Officer | 1 | $0 | $223,735 | $62,665 |
| SHERRY GOLDSTEIN | TREASURER Trustee or director, Officer | 1 | $0 | $219,875 | $21,504 |
| BETTY P RAUCH | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOANNE PAGE | SECRETARY Trustee or director, Officer | 1 | $0 | $311,211 | $34,541 |
| SHERRY GOLDSTEIN | TREASURER Trustee or director, Officer | 1 | $0 | $210,566 | $19,840 |
| BETTY P RAUCH | PRESIDENT/CEO Trustee or director, Officer | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 29-76 NORTHERN BOULEVARD, LONG ISLAND CITY, NY 11101-2822
- In care of
- % SONIA HANDY
- Mailing address (990-N for 2013)
- 29-76 Northern Blvd, Long Island City NY 11101
- Principal officer (990 for 2024)
- EDWARD LADA, 29-76 NORTHERN BOULEVARD, LONG ISLAND CITY, NY 11101
- Principal officer (990-N for 2013)
- Sonia Handy Controller, 29-79 Northern Blvd, Long Island City NY 11101
- Signed the 990
- EDWARD LADA, CFO
- Phone
- (212) 691-7554
- Return prepared by
- CBIZ ADVISORS LLC
Mission
FORTUNE HFDC WAS ORGANIZED FOR THE PURPOSE OF DEVELOPING AND OPERATING LOW INCOME HOUSING.
Program accomplishments
- THE FORTUNE HDFC WAS ORGANIZED FOR THE PURPOSE OF DEVELOPING AND OPERATING LOW INCOME HOUSING.Expenses $54,141
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 13-4127747
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $824,490
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $0 | $54,141 | -$824,490 | IRS |
| 990 | December 2023 | -$2,002 | $2,228 | -$772,575 | XML |
| 990 | December 2022 | -$132,171 | $1,891 | -$770,573 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Sonia Handy Controller | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 13-4127747).
Questions about FORTUNE HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of FORTUNE HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of FORTUNE HOUSING DEVELOPMENT FUND CORPORATION is 13-4127747.
- Is FORTUNE HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to FORTUNE HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORTUNE HOUSING DEVELOPMENT FUND CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FORTUNE 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 FORTUNE 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 FORTUNE HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names EDWARD LADA.
- Who are the officers and directors of FORTUNE HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does FORTUNE HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $54,141 and total assets of -$824,490 at year end.
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