Nonprofit · EIN 23-7078882
SETTLEMENT HOUSING FUND INC
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $15,173,092 | $13,750,559 | $1,422,533 | $72,831,453 | $19,553,889 | $53,277,564 |
| December 31, 2023 | 990 | $17,891,917 | $13,912,236 | $3,979,681 | $70,172,909 | $18,033,849 | $52,139,060 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,220,747
- of which government grants
- $3,134,434
- Program service revenue
- $9,238,518
- Investment income
- $1,214,817
- Net income from fundraising events
- -$40,895
- Other revenue
- $499,010
Expenses
- Grants and similar amounts paid
- $159,660
- Compensation of officers, directors and key employees
- $1,202,364
- Other salaries and wages
- $5,252,276
- Salaries, compensation and benefits (total)
- $8,081,716
- Professional fundraising fees
- $0
- Legal fees
- $12,684
- Accounting fees
- $87,880
- Occupancy
- $554,297
- Travel
- $34,858
- Depreciation
- $248,775
- Program services (functional)
- $11,138,120
- Management and general (functional)
- $2,301,658
- Fundraising (functional)
- $310,781
Balance sheet and other
- Total assets, start of year
- $70,172,909
- Total assets, end of year
- $72,831,453
- Total liabilities, end of year
- $19,553,889
- Net assets, end of year
- $53,277,564
- Land, buildings and equipment
- $12,831,376
- Publicly traded securities
- $1,572,108
- Net assets without donor restrictions
- $52,627,122
- Net assets with donor restrictions
- $650,442
- Gross receipts
- $15,300,387
- Employees
- 84
- Volunteers
- 19
- Year formed
- 1969
- 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 |
|---|---|---|---|---|---|
| JUDITH HERBSTMAN | PRESIDENT Officer | 35 | $278,757 | $0 | $37,831 |
| RICHARD JOHNS | CHIEF OPERATING OFFICER Officer | 35 | $233,846 | $0 | $6,216 |
| JACQUELINE TOM | GENERAL COUNSEL Officer | 35 | $202,209 | $0 | $16,524 |
| MICHAEL GABOURY | DIRECTOR OF REAL ESTATE DE Highest-paid employee | 35 | $200,804 | $0 | $16,524 |
| RIGAUD NOEL | EXECUTIVE DIRECTOR Key employee | 35 | $173,966 | $42,050 | $1,104 |
| JAMES HUANG | DIRECTOR OF CONSTRUCTION Highest-paid employee | 35 | $179,129 | $0 | $16,524 |
| MICHELLE JIMENEZ | DIRECTOR OF HUMAN RESOURCE Highest-paid employee | 35 | $150,457 | $0 | $37,831 |
| KRISTEN ANDREAZZA | CFO Officer | 35 | $143,712 | $0 | $24,423 |
| JEREMY EHRHART | DIRECTOR OF ASSET MANAGEMENT Highest-paid employee | 35 | $139,887 | $0 | $22,406 |
| MILDRED FLORES-THEVENIN | DIRECTOR OF MARKETING Highest-paid employee | 35 | $151,748 | $0 | $7,394 |
| ALEXA SEWELL | OUTGOING PRESIDENT Officer | 35 | $67,225 | $0 | $16,551 |
| CHARLES BRASS | SECRETARY Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| CHARLES WARREN | BOARD CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| DAVID RICHARDSON ESQ | VICE CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| GARRAUD ETIENNE | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY JACOB | VICE CHAIR Trustee or director, Officer | 0.25 | $0 |
| JEFFERY GURAL | DIRECTOR Trustee or director | 0.25 | $0 |
| JENNIFER CARUCCI-WATERS | DIRECTOR Trustee or director | 0.25 | $0 |
| JOAN TALLY | DIRECTOR Trustee or director | 0.25 | $0 |
| JOHN VALLADARES | DIRECTOR Trustee or director | 0.25 | $0 |
| JUAN BARAHONA | DIRECTOR Trustee or director | 0.25 | $0 |
| JUDY KESSLER | DIRECTOR Trustee or director | 0.25 | $0 |
| MARVIN MARKUS | TREASURER Trustee or director, Officer | 0.25 | $0 |
| MATTHEW WAMBUA | OUTGOING DIRECTOR Trustee or director | 0.25 | $0 |
| RACHEL GROSSMAN | DIRECTOR Trustee or director | 0.25 | $0 |
| SARAH WARD | DIRECTOR Trustee or director | 0.25 | $0 |
| SHERYL SIMON | DIRECTOR Trustee or director | 0.25 | $0 |
| SUE HELLER | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALEXA SEWELL | PRESIDENT Officer | 35 | $290,022 | $38,386 |
| JUDITH HERBSTMAN | VICE PRESIDENT FOR REAL ESTATE Key employee | 35 | $235,151 | $37,941 |
| RICHARD JOHNS | CHIEF OPERATING OFFICER Officer | 35 | $217,910 | $6,216 |
| JACQUELINE TOM | GENERAL COUNSEL Officer | 35 | $192,617 | $16,579 |
| RIGAUD NOEL | EXECUTIVE DIRECTOR Key employee | 35 | $202,871 | $1,759 |
| MICHAEL GABOURY | DIRECTOR OF REAL ESTATE DEVELOPMENT Highest-paid employee | 35 | $181,770 | $16,718 |
| GRACE ALSTER | DIRECTOR OF REAL ESTATE OPERATIONS Highest-paid employee | 35 | $146,792 | $32,428 |
| MICHELLE JIMENEZ | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 35 | $145,644 | $16,951 |
| MILDRED FLORES-THEVENIN | DIRECTOR OF MARKETING Highest-paid employee | 35 | $138,100 | $15,888 |
| KRISTEN ANDREAZZA | CFO Officer | 35 | $124,680 | $21,845 |
| JOCELYN TORIO | SENIOR PROJECT MANAGER Highest-paid employee | 35 | $121,770 | $16,751 |
| BRADFORD WINSTON | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CHARLES BRASS | SECRETARY Trustee or director, Officer | 0.25 | $0 | $0 |
| CHARLES WARREN | BOARD CHAIR Trustee or director, Officer | 0.25 | $0 | $0 |
| DAVID RICHARDSON ESQ | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| GARRAUD ETIENNE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| GARY JACOB | VICE CHAIR Trustee or director, Officer | 0.25 | $0 | $0 |
| JEFFERY GURAL | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JENNIFER CARUCCI-WATERS | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JEROME DEUTSCH | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JOAN TALLY | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JOHN VALLADARES | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JUAN BARAHONA | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JUDY KESSLER | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MARVIN MARKUS | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 |
| MATTHEW WAMBUA | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| RACHEL GROSSMAN | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| SARAH WARD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| SHERYL SIMON | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| SUE HELLER | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 247 W 37TH STREET 4TH FLOOR, NEW YORK, NY 10018-5706
- Principal officer (990 for 2024)
- CHARLES WARREN, 247 W 37TH STREET 4TH FL, NEW YORK, NY 10018
- Signed the 990
- JUDITH HERBSTMAN, PRESIDENT
- Phone
- (212) 265-6530
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
SETTLEMENT HOUSING FUND CREATED AND SUSTAINS HIGH QUALITY AFFORDABLE HOUSING AND PROGRAMS, BUILDING STRONG AND ECONOMICALLY DIVERSE NEIGHBORHOODS THROUGHOUT NEW YORK CITY. SETTLEMENT HOUSING FUND WORKS CLOSELY WITH COMMUNITY PARTNERS TO PROVIDE LOW-AND MODERATE-INCOME NEW YORKERS WITH PATHWAYS TO LONG-TERM AFFORDABLE HOUSING, EDUCATION, EMPLOYMENT AND WELLNESS.
Program accomplishments
- CREATE, DEVELOP, BUILD, CONSTRUCT, MANAGE AND MAINTAIN ECONOMICALLY DIVERSE AFFORDABLE HOUSING FOR LOW INCOME RESIDENTS THROUGHOUT THE NYC METROPOLITAN AREA.Expenses $8,159,224 · grants $159,660 · revenue $7,485,453
- LEASE UP AND COMPLIANCE SERVICES FOR AFFORDABLE HOUSING DEVELOPMENTS. SHF WORKS NYC AND NY STATE REGULATORY AUTHORITIES TO CONDUCT HOUSING LOTTERIES FOR AFFORDABLE HOUSING APPARTMENTS.Expenses $2,978,896 · revenue $2,292,969
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
- 23-7078882
- 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
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $72,831,453
- Income (IRS master file)
- $15,300,387
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $15,173,092 | $13,750,559 | $72,831,453 | XML |
| 990 | December 2023 | $17,891,917 | $13,912,236 | $70,172,909 | XML |
| 990 | December 2022 | $25,173,592 | $13,266,279 | $65,928,982 | 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 23-7078882).
Questions about SETTLEMENT HOUSING FUND INC
- What is the EIN of SETTLEMENT HOUSING FUND INC?
- The employer identification number (EIN) of SETTLEMENT HOUSING FUND INC is 23-7078882.
- Is SETTLEMENT HOUSING FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to SETTLEMENT HOUSING FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SETTLEMENT HOUSING FUND 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 SETTLEMENT HOUSING FUND 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 SETTLEMENT HOUSING FUND 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 SETTLEMENT HOUSING FUND INC?
- The 990 for the year ended December 31, 2024 names CHARLES WARREN.
- Who are the officers and directors of SETTLEMENT HOUSING FUND INC?
- The 990 for the year ended December 31, 2024 lists 28 people; 11 received compensation from the organization, the highest $278,757 (JUDITH HERBSTMAN, PRESIDENT).
- How much revenue does SETTLEMENT HOUSING FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $15,173,092, expenses of $13,750,559 and total assets of $72,831,453 at year end.
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