Nonprofit · EIN 22-3124101
PENWAL AFFORDABLE HOUSING CORPORATION
Tax-exempt · RIDGEWOOD, NJ 07450
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,170,587 | $130,603 | $1,039,984 | $19,604,427 | $34,138 | $19,570,289 |
| December 31, 2023 | 990 | $1,005,355 | $307,757 | $697,598 | $17,616,827 | $17,001 | $17,599,826 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $4,436
- Other revenue
- $1,166,151
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,575
- Program services (functional)
- $70,603
- Management and general (functional)
- $60,000
Balance sheet and other
- Total assets, start of year
- $18,603,006
- Total assets, end of year
- $19,604,427
- Total liabilities, end of year
- $34,138
- Net assets, end of year
- $19,570,289
- Publicly traded securities
- $2,870
- Net assets without donor restrictions
- $19,570,289
- Gross receipts
- $1,170,587
- Employees
- 0
- Year formed
- 1991
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM COLTHART | TRUSTEE Trustee or director | – | $0 |
| LAURY PENSA | MANAGER Trustee or director | – | $0 |
| JAMES WALSH | TRUSTEE Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM COLTHART | TRUSTEE Trustee or director | – | $0 |
| LAURY PENSA | MANAGER Trustee or director | – | $0 |
| JAMES WALSH | TRUSTEE Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 240 PARAMUS RD, RIDGEWOOD, NJ 07450-2913
- In care of
- % LAURY PENSA
- Principal officer (990 for 2025)
- LAURY PENSA, 240 PARAMUS ROAD, RIDGEWOOD, NJ 074502913
- Signed the 990
- LAURY PENSA, MANAGER
- Phone
- (201) 836-4500
- Return prepared by
- WILLIAM COLTHART CPA LLC
Mission
THE FINANCING AND MONITORING OF QUALIFIED LOW INCOME HOUSING PROJECTS
Program accomplishments
- IMPLEMTATION AND DEVELOPED LOW INCOME HOUSING PROJECTS IN DUMONT, GARFIELD, JERSEY CITY, PARAMUS AND DOVER NEW JERSEY
- IMPLEMENTATION AND DEVELOPED LOW INCOME HOUSING PROJECTS IN DUMONT, GARFIELD, JERSEY CITY, PARAMUS AND DOVER NEW JERSEYExpenses $70,603
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | Check at the IRS |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3124101
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $19,604,427
- Income (IRS master file)
- $1,170,587
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,170,587 | $130,603 | $19,604,427 | XML |
| 990 | December 2023 | $1,005,355 | $307,757 | $17,616,827 | XML |
| 990 | December 2022 | $963,998 | $309 | $17,234,370 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 22-3124101).
Questions about PENWAL AFFORDABLE HOUSING CORPORATION
- What is the EIN of PENWAL AFFORDABLE HOUSING CORPORATION?
- The employer identification number (EIN) of PENWAL AFFORDABLE HOUSING CORPORATION is 22-3124101.
- Is PENWAL AFFORDABLE HOUSING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to PENWAL AFFORDABLE HOUSING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PENWAL AFFORDABLE HOUSING 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 PENWAL AFFORDABLE HOUSING CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENWAL AFFORDABLE HOUSING CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PENWAL AFFORDABLE HOUSING CORPORATION?
- The 990 for the year ended December 31, 2025 names LAURY PENSA.
- Who are the officers and directors of PENWAL AFFORDABLE HOUSING CORPORATION?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does PENWAL AFFORDABLE HOUSING CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,170,587, expenses of $130,603 and total assets of $19,604,427 at year end.
Other nonprofits in RIDGEWOOD
- FAMILY PROMISE OF BERGEN COUNTY A NEW JERSEY NON PROFIT CORPORATION EIN 22-2853599 · last filed 990 for 2024
- SHARE INC EIN 22-2334189 · last filed 990 for 2025
- WEST BERGEN SPECIALIZED HOUSING INC EIN 20-8205800 · last filed 990 for 2025
- GROVE ON 37TH SOUTH COMMUNITY ASSOCIATION EIN 99-4542023 · last filed 990-EZ for 2025
- RIDGECREST AFFORDABLE HOUSING A NJ NONPROFIT CORPORATION EIN 85-2938454 · last filed 990-PF for 2024
- CROSSROADS DEVELOPMENT CORPORATION EIN 22-3348253 · last filed 990-N for 2025
- OSHEA FAMILY FOUNDATION EIN 13-3926380 · last filed 990-PF for 2025
- WEST BERGEN MENTAL HEALTHCARE INC EIN 22-1736531 · last filed 990 for 2025
All nonprofits in RIDGEWOOD · New Jersey · Housing and shelter