Nonprofit · EIN 13-5585375
PROVIDENT LOAN SOCIETY OF NEW YORK
Tax-exempt · NEW YORK, NY 10010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,087,903 | $4,957,069 | $130,834 | $15,999,689 | $2,580,873 | $13,418,816 |
| December 31, 2023 | 990 | $4,378,432 | $4,644,337 | -$265,905 | $15,628,690 | $2,323,875 | $13,304,815 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,422,546
- Investment income
- $134
- Net rental income
- $1,665,223
- Other revenue
- $1,665,223
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $879,552
- Other salaries and wages
- $1,479,294
- Salaries, compensation and benefits (total)
- $2,949,875
- Professional fundraising fees
- $0
- Legal fees
- $80,279
- Accounting fees
- $111,464
- Occupancy
- $506,207
- Travel
- $13,066
- Depreciation
- $97,738
- Program services (functional)
- $3,220,482
- Management and general (functional)
- $1,736,587
Balance sheet and other
- Total assets, start of year
- $15,628,690
- Total assets, end of year
- $15,999,689
- Total liabilities, end of year
- $2,580,873
- Net assets, end of year
- $13,418,816
- Land, buildings and equipment
- $934,777
- Net assets without donor restrictions
- $13,418,816
- Gross receipts
- $5,100,640
- Employees
- 34
- Volunteers
- 9
- Year formed
- 1894
- 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 |
|---|---|---|---|---|
| JOHN T HIGNEY | PRESIDENT & CEO Officer | 40 | $224,533 | $53,227 |
| ANTHONY LORE | SECRETARY Officer | 40 | $130,593 | $30,301 |
| KEVIN KING | CFO/TREASURER Officer | 40 | $125,067 | $27,558 |
| MARCOS A RAMOS | AUCTION SALE DIRECTOR Officer | 40 | $117,699 | $34,896 |
| RENAN SUCENA | ASSISTANT VP (AS OF 04/24) Officer | 40 | $82,658 | $19,231 |
| THEODORE C FISHER | ASSISTANT VP (THRU 03/24) Officer | 40 | $33,789 | $0 |
| AUSTIN V SHAPARD | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| EDWARD D PARDOE III | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| MARK RAMBLER | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| MERLINA MANOCARAN | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| RADFORD W KLOTZ | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| REBECCA LINDSEY | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| SCOTT TUCKER | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| AMES BROWN | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| RICHARD A DRUCKER | CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN T HIGNEY | PRESIDENT & CEO Officer | 40 | $211,066 | $56,484 |
| ANTHONY LORE | SECRETARY Officer | 40 | $123,236 | $25,851 |
| MARCOS A RAMOS | AUCTION SALE DIRECTOR Highest-paid employee | 40 | $110,489 | $36,911 |
| KEVIN KING | CFO/TREASURER Officer | 40 | $116,190 | $29,254 |
| THEODORE C FISHER | ASSISTANT VICE PRESIDENT Officer | 40 | $124,904 | $13,804 |
| AUSTIN V SHAPARD | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| EDWARD D PARDOE III | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| MARK RAMBLER | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| MERLINA MANOCARAN | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| RADFORD W KLOTZ | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| REBECCA LINDSEY | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| SCOTT TUCKER | TRUSTEE Trustee or director | 0.3 | $0 | $0 |
| TROLAND S LINK | TRUSTEE (THRU 4/9/23) Trustee or director | 0.3 | $0 | $0 |
| RICHARD A DRUCKER | CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 346 PARK AVENUE SOUTH 2ND FL, NEW YORK, NY 10010-1708
- In care of
- % KEVIN KING
- Principal officer (990 for 2024)
- JOHN T HIGNEY, 346 PARK AVENUE SOUTH 2ND FL, NEW YORK, NY 100101708
- Signed the 990
- KEVIN KING, CHIEF FINANCIAL OFFICER
- Phone
- (212) 685-0380
- Website
- WWW.PROVIDENTLOAN.COM
- Return prepared by
- RSM US LLP
Mission
THE MISSION OF THE SOCIETY IS TO AID PERSONS IN NEED OF PECUNIARY ASSISTANCE BY LOANS OF MONEY AT INTEREST UPON PLEDGE OF PERSONAL PROPERTY.
Program accomplishments
- THE SOLE PROGRAM SERVICE ACTIVITY OF THE SOCIETY IS TO AID PERSONS IN NEED OF PECUNIARY ASSISTANCE BY LOANS OF MONEY AT INTEREST UPON THE PLEDGE OF PERSONAL PROPERTY. APPROXIMATE NUMBER OF LOANS MADE DURING 2024 WAS 17,915.Expenses $3,220,482 · revenue $3,422,546
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
- 13-5585375
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1937
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $15,999,689
- Income (IRS master file)
- $5,100,640
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,087,903 | $4,957,069 | $15,999,689 | XML |
| 990 | December 2023 | $4,378,432 | $4,644,337 | $15,628,690 | XML |
| 990 | December 2022 | $4,261,838 | $4,527,315 | $16,037,490 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 13-5585375).
Questions about PROVIDENT LOAN SOCIETY OF NEW YORK
- What is the EIN of PROVIDENT LOAN SOCIETY OF NEW YORK?
- The employer identification number (EIN) of PROVIDENT LOAN SOCIETY OF NEW YORK is 13-5585375.
- Is PROVIDENT LOAN SOCIETY OF NEW YORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1937.
- Are donations to PROVIDENT LOAN SOCIETY OF NEW YORK tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PROVIDENT LOAN SOCIETY OF NEW YORK 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 PROVIDENT LOAN SOCIETY OF NEW YORK 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 PROVIDENT LOAN SOCIETY OF NEW YORK 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 PROVIDENT LOAN SOCIETY OF NEW YORK?
- The 990 for the year ended December 31, 2024 names JOHN T HIGNEY.
- Who are the officers and directors of PROVIDENT LOAN SOCIETY OF NEW YORK?
- The 990 for the year ended December 31, 2024 lists 15 people; 6 received compensation from the organization, the highest $224,533 (JOHN T HIGNEY, PRESIDENT & CEO).
- How much revenue does PROVIDENT LOAN SOCIETY OF NEW YORK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,087,903, expenses of $4,957,069 and total assets of $15,999,689 at year end.
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