Nonprofit · EIN 20-8317595
1068 FRANKLIN AVENUE HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt (reinstated) · BRONX, NY 10457
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $907,077 | $603,413 | $303,664 | $9,067,858 | $9,174,144 | -$106,286 |
| December 31, 2023 | 990 | $650,000 | $574,281 | $75,719 | $9,284,962 | $9,698,824 | -$413,862 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $650,000
- Investment income
- $0
- Other revenue
- $257,077
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,000
- Occupancy
- $3,700
- Depreciation
- $251,520
- Program services (functional)
- $602,397
- Management and general (functional)
- $1,016
Balance sheet and other
- Total assets, start of year
- $9,284,962
- Total assets, end of year
- $9,067,858
- Total liabilities, end of year
- $9,174,144
- Net assets, end of year
- -$106,286
- Land, buildings and equipment
- $7,975,455
- Net assets without donor restrictions
- -$106,286
- Gross receipts
- $907,077
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2006
- 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 |
|---|---|---|---|---|---|
| Raul Russi | President Officer | 0 | $0 | $896,597 | $101,831 |
| Lymaris Albors | chief executive officer Officer | 0 | $0 | $836,685 | $56,068 |
| Jose A Rodriguez | chief legal officer/exec vp Officer | 0 | $0 | $562,331 | $30,262 |
| Vicky Gatell | chief financial officer Officer | 0 | $0 | $442,213 | $46,781 |
| Eliezer Rodriguez Esq | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Carmen S Melero | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Marybeth Hotaling | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ARNIE SEGARRA | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Raul Russi | President Officer | 0 | $0 | $909,372 | $70,634 |
| Lymaris Albors | chief executive officer Officer | 0 | $0 | $803,886 | $39,079 |
| Jose A Rodriguez | chief legal officer/exec vp Officer | 0 | $0 | $602,553 | $37,084 |
| Vicky Gatell | chief financial officer Officer | 0 | $0 | $454,869 | $42,707 |
| Eliezer Rodriguez Esq | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Carmen S Melero | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Marybeth Hotaling | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ARNIE SEGARRA | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 E 175TH ST, BRONX, NY 10457-5833
- In care of
- % STEVE KADIN
- Principal officer (990 for 2024)
- Raul Russi, 300 EAST 175TH ST, Bronx, NY 10457
- Signed the 990
- Raul Russi, President
- Phone
- (718) 991-4270
- Website
- www.acacianetwork.org
- Return prepared by
- WithumSmithBrown PC
Mission
TO PROVIDE EMERGENCY HOUSING FOR ADULTS IN BRONX, NY.
Program accomplishments
- Emergency housing for adults.Expenses $602,397 · revenue $907,077
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
- 20-8317595
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $9,067,858
- Income (IRS master file)
- $907,077
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- October 12, 2015
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $907,077 | $603,413 | $9,067,858 | XML |
| 990 | December 2023 | $650,000 | $574,281 | $9,284,962 | XML |
| 990 | December 2022 | $550,000 | $582,775 | $9,420,420 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 20-8317595).
Questions about 1068 FRANKLIN AVENUE HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of 1068 FRANKLIN AVENUE HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of 1068 FRANKLIN AVENUE HOUSING DEVELOPMENT FUND CORPORATION is 20-8317595.
- Is 1068 FRANKLIN AVENUE HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to 1068 FRANKLIN AVENUE HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 1068 FRANKLIN AVENUE 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 1068 FRANKLIN AVENUE 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 1068 FRANKLIN AVENUE 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 1068 FRANKLIN AVENUE HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names Raul Russi.
- Who are the officers and directors of 1068 FRANKLIN AVENUE HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does 1068 FRANKLIN AVENUE HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $907,077, expenses of $603,413 and total assets of $9,067,858 at year end.
Other nonprofits in BRONX
- ACACIA NETWORK HOUSING INC EIN 26-0076866 · last filed 990 for 2024
- WOMENS HOUSING AND ECONOMIC DEVELOPMENT CORPORATION EIN 11-3099604 · last filed 990 for 2025
- DIEGO BEEKMAN MUTUAL HOUSING ASSOC HOUSING DEVELOPMNT FUND CORP EIN 76-0709606 · last filed 990 for 2024
- NEW HOPE TRANSITIONAL HOUSING INC EIN 27-1440474 · last filed 990 for 2025
- 163RD STREET IMPROVEMENT COUNCIL INC EIN 13-2564957 · last filed 990 for 2025
- OUB COURT HOUSING COMPANY INC EIN 45-3932032 · last filed 990 for 2024
- HIGHBRIDGE COMMUNITY HOUSING DEVELOPMENT FUND CORPORATION EIN 13-3496091 · last filed 990 for 2024
- THE CRENULATED COMPANY LTD EIN 14-1719016 · last filed 990 for 2025