Nonprofit · EIN 14-1705132
HUB II HOUSING DEVELOPMENT FUND CO INC
Tax-exempt · WASHINGTONVLE, NY 10992
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $868,141 | $894,751 | -$26,610 | $978,009 | $2,487,734 | -$1,509,725 |
| December 31, 2023 | 990 | $858,123 | $809,665 | $48,458 | $1,075,782 | $2,558,897 | -$1,483,115 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $668,777
- of which government grants
- $666,417
- Program service revenue
- $196,121
- Investment income
- $1,305
- Net gain from sales of assets
- -$6
- Other revenue
- $1,938
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $17,850
- Depreciation
- $60,300
- Program services (functional)
- $892,417
- Management and general (functional)
- $2,334
Balance sheet and other
- Total assets, start of year
- $1,063,223
- Total assets, end of year
- $978,009
- Total liabilities, end of year
- $2,487,734
- Net assets, end of year
- -$1,509,725
- Land, buildings and equipment
- $433,400
- Net assets without donor restrictions
- -$685,280
- Net assets with donor restrictions
- -$824,445
- Gross receipts
- $868,147
- Employees
- 0
- Volunteers
- 0
- 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 |
|---|---|---|---|
| JOSEPH GALANTE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARGARET COLLINS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LIZ WEIR | TREASURER Trustee or director, Officer | 1 | $0 |
| GEORGE HOGAN | EXEC. BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH GALANTE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARGARET COLLINS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LIZ WEIR | TREASURER Trustee or director, Officer | 1 | $0 |
| GEORGE HOGAN | EXEC. BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 11 SILK CIR, WASHINGTONVLE, NY 10992-2205
- Principal officer (990 for 2024)
- JOSEPH GALANTE, 11 SILK CIRCLE, WASHINGTONVILLE, NY 10992
- Signed the 990
- JOSEPH GALANTE, PRESIDENT
- Phone
- (845) 496-7772
- Return prepared by
- NUGENT & HAEUSSLER PC
Mission
TO PROVIDE AFFORDABLE HOUSING FOR SENIOR CITIZENS, HANDICAPPED PERSONS AND OTHERS PERSONS OF LOW AND MODERATE INCOME.
Program accomplishments
- 64 UNIT APARTMENT PROJECT FOR SENIOR CITIZENS, HANDICAPPED PERSONS AND OTHER PERSONS OF LOW AND MODERATE INCOMES.Expenses $892,417 · revenue $196,115
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
- 14-1705132
- 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
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $978,009
- Income (IRS master file)
- $868,147
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $868,141 | $894,751 | $978,009 | IRS |
| 990 | December 2023 | $858,123 | $809,665 | $1,075,782 | XML |
| 990 | December 2022 | $835,371 | $751,947 | $1,146,111 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 14-1705132).
Questions about HUB II HOUSING DEVELOPMENT FUND CO INC
- What is the EIN of HUB II HOUSING DEVELOPMENT FUND CO INC?
- The employer identification number (EIN) of HUB II HOUSING DEVELOPMENT FUND CO INC is 14-1705132.
- Is HUB II HOUSING DEVELOPMENT FUND CO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to HUB II HOUSING DEVELOPMENT FUND CO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HUB II HOUSING DEVELOPMENT FUND CO 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 HUB II HOUSING DEVELOPMENT FUND CO 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 HUB II HOUSING DEVELOPMENT FUND CO 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 HUB II HOUSING DEVELOPMENT FUND CO INC?
- The 990 for the year ended December 31, 2024 names JOSEPH GALANTE.
- Who are the officers and directors of HUB II HOUSING DEVELOPMENT FUND CO INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does HUB II HOUSING DEVELOPMENT FUND CO INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $868,141, expenses of $894,751 and total assets of $978,009 at year end.
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