Nonprofit · EIN 20-3853610
RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · NEW YORK, NY 10038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,297,050 | $4,339,553 | -$3,042,503 | $16,158,584 | $21,237,491 | -$5,078,907 |
| December 31, 2023 | 990 | $1,391,758 | $1,051,508 | $340,250 | $19,083,678 | $21,120,082 | -$2,036,404 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $210,000
- Program service revenue
- $679,275
- Investment income
- $407,775
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $10,560
- Accounting fees
- $134,571
- Occupancy
- $98,275
- Travel
- $6,888
- Program services (functional)
- $3,794,975
- Management and general (functional)
- $544,578
Balance sheet and other
- Total assets, start of year
- $19,083,678
- Total assets, end of year
- $16,158,584
- Total liabilities, end of year
- $21,237,491
- Net assets, end of year
- -$5,078,907
- Net assets without donor restrictions
- -$8,368,190
- Net assets with donor restrictions
- $3,289,283
- Gross receipts
- $1,297,050
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2005
- 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 |
|---|---|---|---|---|---|
| SALVATORE D'AVOLA | ASSISTANT SECRETARY Officer | 2 | $0 | $274,704 | $26,421 |
| ANNETTA SEECHARRAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ARTURO SUAREZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRIAN SEGEL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRISTIE PEALE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JANE SILVERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NICOLAS LEMBO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TONYA ORES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VICTORIA ROWE BARRECA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD PINNER | ASSISTANT SECRETARY Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SALVATORE D'AVOLA | ASSISTANT SECRETARY Officer | 2 | $0 | $264,329 | $25,032 |
| ANNETTA SEECHARRAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ARTURO SUAREZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRIAN SEGEL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRISTIE PEALE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JANE SILVERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIMBERLY DARGA | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LYDIA TOM | OUTGOING SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICOLAS LEMBO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TONYA ORES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VALERIE WHITE | OUTGOING TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VICTORIA ROWE BARRECA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| XIOMARA PEDRAZA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD PINNER | ASSISTANT SECRETARY Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 150 BROADWAY RM 2101, NEW YORK, NY 10038-4484
- Principal officer (990 for 2024)
- MR SALVATORE D'AVOLA, 150 BROADWAY SUITE 2101, NEW YORK, NY 10038
- Signed the 990
- MR SALVATORE D'AVOLA, ASSISTANT SECRETARY
- Phone
- (212) 584-8981
- Website
- WWW.NEIGHBORHOODRESTORE.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PRESERVING AND CREATING, ON A NONPROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES,IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABILIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY.
Program accomplishments
- THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PRESERVING AND CREATING, ON A NON - PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. DURING THE YEAR, THE ORGANIZATION PROVIDED CONSTRUCTION MANAGEMENT AND MARKETING/SALES OF A NUMBER OF AFFORDABLE HOUSING PROJECTS IN NYC.Expenses $3,794,975 · revenue $679,275
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
- 20-3853610
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L11)
- Assets (IRS master file)
- $16,158,584
- Income (IRS master file)
- $1,297,050
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,297,050 | $4,339,553 | $16,158,584 | XML |
| 990 | December 2023 | $1,391,758 | $1,051,508 | $19,083,678 | XML |
| 990 | December 2022 | $1,221,445 | $1,334,533 | $18,974,158 | 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 20-3853610).
Questions about RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION is 20-3853610.
- Is RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does RESTORED HOMES 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 RESTORED HOMES 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 RESTORED HOMES 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 RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names MR SALVATORE D'AVOLA.
- Who are the officers and directors of RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,297,050, expenses of $4,339,553 and total assets of $16,158,584 at year end.
Other nonprofits in NEW YORK
- NYCHA I HOUSING DEVELOPEMENT FUND CORPORATION EIN 80-0546640 · last filed 990 for 2024
- H E L P USA INC EIN 91-1922828 · last filed 990 for 2025
- NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION EIN 91-1884698 · last filed 990 for 2024
- PHIPPS HOUSES EIN 11-1187480 · last filed 990-N for 2025
- CORPORATION FOR SUPPORTIVE HOUSING EIN 13-3600232 · last filed 990 for 2024
- DOE FUND INC EIN 13-3412540 · last filed 990 for 2025
- URBAN PATHWAYS INC EIN 13-2933675 · last filed 990 for 2025
- THE CENTER FOR NEW YORK CITY EIN 83-0506416 · last filed 990 for 2024