Nonprofit · EIN 26-2845161
SAG HARBOR COMMUNITY HOUSING TRUST INC
Tax-exempt · SAG HARBOR, NY 11963
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $115,962 | $174,321 | -$58,359 | $2,898,506 | $684,227 | $2,214,279 |
| December 31, 2023 | 990 | $106,032 | $210,432 | -$104,400 | $2,983,054 | $710,414 | $2,272,640 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $114,804
- Investment income
- $1,158
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $39,150
- Salaries, compensation and benefits (total)
- $42,339
- Professional fundraising fees
- $0
- Legal fees
- $2,142
- Accounting fees
- $2,725
- Occupancy
- $9,834
- Depreciation
- $8,769
- Program services (functional)
- $172,058
- Management and general (functional)
- $2,263
Balance sheet and other
- Total assets, start of year
- $2,983,052
- Total assets, end of year
- $2,898,506
- Total liabilities, end of year
- $684,227
- Net assets, end of year
- $2,214,279
- Land, buildings and equipment
- $1,393,041
- Net assets without donor restrictions
- $1,085,283
- Net assets with donor restrictions
- $1,128,996
- Gross receipts
- $115,962
- Employees
- 1
- Year formed
- 2008
- 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 |
|---|---|---|---|
| GREGORY N FERRARIS CPA | PRESIDENT/TR Officer | – | $0 |
| ED REALE | VP/SECRETARY Officer | – | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY N FERRARIS CPA | PRESIDENT/TR Officer | 2 | $0 |
| ED REALE | VP/SECRETARY Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1168, SAG HARBOR, NY 11963-0039
- Mailing address (990-N for 2013)
- PO BOX 1168, SAG HARBOR NY 11963
- Principal officer (990 for 2024)
- GREGORY N FERRARIS CPA, 108 MAIN STREET, SAG HARBOR, NY 11963
- Principal officer (990-N for 2013)
- STACY PENNEBAKER, MADISON STREET, SAG HARBOR NY 11963
- Signed the 990
- GREGORY N FERRARIS CPA, PRESIDENT/TREASURER
- Phone
- (631) 725-0145
- Return prepared by
- KANDELL FARNWORTH & PUBINS CPA'S PC
Mission
THE TRUST IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF CREATING A CUMMUNITY HOUSING TRUST TO THEREFORE ACQUIRE LAND, OWN, CONSTRUCT, REHABILITATE, LEASE, MANAGE, MAINTAIN, DEVELOP, AND OPERATE AFFORDABLE WORKFORCE HOUSING, TO PROVIDE HOWNOWNERS OR PROSPECTIVE PURCHASERS OF HOMES OR PROSPECTIVE TENANTS AND/OR LANDLORDS WITH FINANCIAL ASSISTANCE AND GUIDANCE REGARDING THE PURCHASE, FINANCING, MAINTENANCE, CONSTRUCTION OR RENT THEIR HOMES; TO PROMOTE THE DEVELOPMENT, CONSTRUCTION OR RENTAL, REHABILITATION, MANAGEMENT, MAINTENANCE, AND OPERATION OF AFFORDABLE, QUALITY WORKFORCE HOUSING THAT MEET THE NEEDS OF THE SAG HARBOR COMMUNITY.
Program accomplishments
- TO ACQUIRE, OWN, LEASE, PLEDGE, MORTGAGE, AND TRANSFER REAL PROPERTY AND TO OWN, CONSTRUCT, REHABILITATE, LEASE, MANAGE, MAINTAIN, DEVELOP, AND OPERATE AFFORDABLE WORKFORCE HOUSING.Expenses $131,936 · revenue $114,804
- TO BORROW FUNDS FROM GOVERNMENT AGENCIES OR PRIVATE LENDERS AND TO SECURE SUCH LOANS WITH PROPERTY OF THE CORPORATION.Expenses $40,122
- TO ADVISE AND ASSIST QUALIFIED HOMEBUYERS, TENANTS, OR PURCHASERS OF HOMES AND TO PROVIDE PURCHASERS WITH FINANCIAL ASSISTANCE FOR THE ACQUISTION OR CREATION OF AFFORDABLE HOUSING.
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
- 26-2845161
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80)
- Assets (IRS master file)
- $2,898,506
- Income (IRS master file)
- $115,962
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $115,962 | $174,321 | $2,898,506 | XML |
| 990 | December 2023 | $106,032 | $210,432 | $2,983,054 | XML |
| 990 | December 2022 | $162,086 | $141,041 | $3,094,029 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2013 Officer: STACY PENNEBAKER | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 26-2845161).
Questions about SAG HARBOR COMMUNITY HOUSING TRUST INC
- What is the EIN of SAG HARBOR COMMUNITY HOUSING TRUST INC?
- The employer identification number (EIN) of SAG HARBOR COMMUNITY HOUSING TRUST INC is 26-2845161.
- Is SAG HARBOR COMMUNITY HOUSING TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to SAG HARBOR COMMUNITY HOUSING TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SAG HARBOR COMMUNITY HOUSING TRUST 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 SAG HARBOR COMMUNITY HOUSING TRUST 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 SAG HARBOR COMMUNITY HOUSING TRUST 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 SAG HARBOR COMMUNITY HOUSING TRUST INC?
- The 990 for the year ended December 31, 2024 names GREGORY N FERRARIS CPA.
- Who are the officers and directors of SAG HARBOR COMMUNITY HOUSING TRUST INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does SAG HARBOR COMMUNITY HOUSING TRUST INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $115,962, expenses of $174,321 and total assets of $2,898,506 at year end.
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- THE SONO AND VICTOR ELMALEH FOUNDATION EIN 35-2354358 · last filed 990-PF for 2024
- BAY STREET THEATRE FESTIVAL INC EIN 13-3628854 · last filed 990 for 2025
- THE VIJA CELMINS FOUNDATION INC EIN 87-4511320 · last filed 990-PF for 2024
- SAG HARBOR CINEMA ARTS CENTER INC EIN 61-1850154 · last filed 990 for 2025
- JOHN JERMAIN MEMORIAL LIBRARY EIN 11-1672774 · last filed 990 for 2025
- EDGE AND CENTER INC EIN 84-1866415 · last filed 990 for 2024
- NATIONAL ACADEMY OF HUMAN RESOURCES FOUNDATION EIN 85-0427733 · last filed 990 for 2025
All nonprofits in SAG HARBOR · New York · Housing and shelter