Nonprofit · EIN 20-0597209
RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY INC
Tax-exempt · AMSTERDAM, NY 12010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $63,027 | $134,635 | -$71,608 | $415,741 | $136,749 | $278,992 |
| December 31, 2023 | 990 | $62,043 | $102,842 | -$40,799 | $414,817 | $64,217 | $350,600 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $30,909
- of which government grants
- $30,909
- Program service revenue
- $29,340
- Investment income
- $18
- Other revenue
- $2,760
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $24,802
- Salaries, compensation and benefits (total)
- $41,787
- Professional fundraising fees
- $0
- Occupancy
- $8,072
- Depreciation
- $41,233
- Program services (functional)
- $98,733
- Management and general (functional)
- $35,902
Balance sheet and other
- Total assets, start of year
- $414,817
- Total assets, end of year
- $415,741
- Total liabilities, end of year
- $136,749
- Net assets, end of year
- $278,992
- Land, buildings and equipment
- $210,477
- Net assets without donor restrictions
- $278,992
- Gross receipts
- $63,027
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2004
- 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 |
|---|---|---|---|
| DAMARIS CARBONE | PRESIDENT Trustee or director, Officer | 0.3 | $0 |
| RICHARD DIMATTEO | TREASURER Trustee or director, Officer | 0.3 | $0 |
| KIMBERLY ROBERTS | SECRETARY Trustee or director, Officer | 0.3 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COLLEEN MCHEARD | CHAIRPERSON Trustee or director, Officer | 0.3 | $0 |
| RICHARD DIMATTEO | TREASURER Trustee or director, Officer | 0.3 | $0 |
| PAUL SALERNO | VICE CHAIR Trustee or director, Officer | 0.3 | $0 |
| DIANE MADEJ | SECRETARY Trustee or director, Officer | 0.3 | $0 |
| DAMARIS CARBONE | EXECUTIVE DIRECTOR Officer | 0.3 | $0 |
Address and contacts
- Address (IRS master file)
- 52 DIVISION ST, AMSTERDAM, NY 12010-4002
- In care of
- % RIVERCREST DEVELOPMENT CORP
- Principal officer (990 for 2024)
- DAMARIS CARBONE, 52 DIVISION STREET, AMSTERDAM, NY 12010
- Signed the 990
- DAMARIS CARBONE, EXECUTIVE DIRECTOR
- Phone
- (518) 842-2894
- Return prepared by
- EFPR GROUP CPAS PLLC
Mission
TO PROVIDE SERVICES TO THE POOR, DISTRESSED AND UNDERPRIVILEGED LOW-INCOME FAMILIES AND INDIVIDUALS BY DEVELOPING, ACQUIRING, CONSTRUCTING, RENOVATING, OPERATING, MAINTAINING AND IMPROVING RENTAL HOUSING AND FACILITATING HOME OWNERSHIP OPPORTUNITIES.
Program accomplishments
- PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.Expenses $98,733 · revenue $29,340
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
- 20-0597209
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $415,741
- Income (IRS master file)
- $63,027
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $63,027 | $134,635 | $415,741 | XML |
| 990 | December 2023 | $62,043 | $102,842 | $414,817 | XML |
| 990 | December 2022 | $58,428 | $99,348 | $427,857 | 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 20-0597209).
Questions about RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY INC
- What is the EIN of RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY INC?
- The employer identification number (EIN) of RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY INC is 20-0597209.
- Is RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY 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 RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY 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 RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY 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 RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 names DAMARIS CARBONE.
- Who are the officers and directors of RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $63,027, expenses of $134,635 and total assets of $415,741 at year end.
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