Nonprofit · EIN 26-2894911
SILVERCREST SENIOR HOUSING DEVELOPMENT FUND
Tax-exempt · BRIARWOOD, NY 11435
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $878,622 | $1,458,847 | -$580,225 | $13,341,082 | $18,931,405 | -$5,590,323 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $160
- Program service revenue
- $876,022
- Investment income
- $75
- Other revenue
- $2,365
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $61,289
- Occupancy
- $282,279
- Depreciation
- $461,062
- Program services (functional)
- $1,183,538
- Management and general (functional)
- $275,309
Balance sheet and other
- Total assets, start of year
- $13,663,608
- Total assets, end of year
- $13,341,082
- Total liabilities, end of year
- $18,931,405
- Net assets, end of year
- -$5,590,323
- Land, buildings and equipment
- $12,428,188
- Net assets without donor restrictions
- -$5,590,323
- Gross receipts
- $878,622
- Employees
- 0
- Volunteers
- 0
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSEPH A IENUSO | TRUSTEE Trustee or director | 1 | $0 | $1,878,488 | $73,256 |
| JACLYN MUCARIA | TRUSTEE (THRU 4/2024) Trustee or director | 1 | $0 | $1,687,371 | $31,553 |
| RICHARD EVANS | TRUSTEE Trustee or director | 1 | $0 | $1,096,601 | $87,447 |
| RICHARD EINWECHTER | TRUSTEE/CHAIRMAN Trustee or director | 1 | $0 | $1,027,556 | $88,753 |
| NAZIM B MALATYALI | TRUSTEE Trustee or director | 1 | $0 | $947,738 | $87,553 |
| KIMLEE ROLDAN-SANCHEZ | TRUSTEE/PRESIDENT Trustee or director, Officer | 10 | $0 | $516,990 | $104,827 |
| NANCY O'TOOLE | TRUSTEE Trustee or director | 1 | $0 | $435,589 | $57,445 |
| MICHELE RYGA | TREASURER Officer | 1 | $0 | $424,611 | $21,676 |
| ELIAS M NEMNOM | TRUSTEE/CHIEF FINANCIAL OFFICER Trustee or director, Officer | 1 | $0 | $382,350 | $47,546 |
| MICHELLE YUEN BLANCO | SECRETARY Officer | 1 | $0 | $309,487 | $59,629 |
| CAROLINE KEANE | TRUSTEE Trustee or director | 1 | $0 | $321,309 | $39,098 |
| MARGARET MAXWELL-WELLINGTON | TRUSTEE Trustee or director | 1 | $0 | $259,036 | $57,423 |
| LUCAN RODRIGUES | TRUSTEE (THRU 3/2024) Trustee or director | 1 | $0 | $107,801 | $15,861 |
| ALEX SOLOVEY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL SCHRIEBER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 86-19 144TH STREET, BRIARWOOD, NY 11435-3135
- In care of
- % ELIAS M NEMNON
- Mailing address (990-N for 2010)
- 144-45 87TH AVENUE, FLUSHING NY 11435
- Principal officer (990 for 2024)
- ELIAS M NEMNON, 86-19 144TH STREET, BRIARWOOD, NY 114353109
- Principal officer (990-N for 2010)
- LINDA PROCHASKA, 144-45 87TH AVENUE, FLUSHING NY 11435
- Signed the 990
- ELIAS M NEMNON, VICE PRESIDENT/CFO
- Phone
- (718) 480-4065
- Return prepared by
- ERNST & YOUNG US LLP
Mission
SILVERCREST SENIOR HOUSING IS PLEDGED TO CONTINUE THE MISSION OF THE SILVERCREST CENTER FOR NURSING AND REHABILITATION. THAT MISSION IS: "GIVING QUALITY TO LIFE".
Program accomplishments
- OUR PURPOSE IS TO PROVIDE AFFORDABLE HOUSING FOR THE VERY-LOW INCOME ELDERLY POPULATION THROUGH THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT'S SECTION 202 PROGRAM WHICH OFFERS RENTAL ASSISTANCE FOR SENIORS WHO MEET THE REQUIREMENTS OF THE FEDERAL PROGRAM. WE DO NOT DISCRIMINATE BASED ON RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, OR DISABILITY AND COMPLY WITH ALL FEDERAL, STATE AND LOCAL FAIR HOUSING AND CIVIL RIGHTS LAWS AND WITH HUD EQUAL OPPORTUNITY REQUIREMENTS.Expenses $1,183,538 · revenue $878,387
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
- 26-2894911
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $13,341,082
- Income (IRS master file)
- $878,622
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $861,846 | $1,365,999 | $13,663,608 | IRS |
| 990 | December 2022 | $819,616 | $1,343,578 | $14,036,743 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2010 Officer: LINDA PROCHASKA | December 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about SILVERCREST SENIOR HOUSING DEVELOPMENT FUND
- What is the EIN of SILVERCREST SENIOR HOUSING DEVELOPMENT FUND?
- The employer identification number (EIN) of SILVERCREST SENIOR HOUSING DEVELOPMENT FUND is 26-2894911.
- Is SILVERCREST SENIOR HOUSING DEVELOPMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to SILVERCREST SENIOR HOUSING DEVELOPMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SILVERCREST SENIOR HOUSING DEVELOPMENT FUND 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 SILVERCREST SENIOR HOUSING DEVELOPMENT FUND 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 SILVERCREST SENIOR HOUSING DEVELOPMENT FUND 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 SILVERCREST SENIOR HOUSING DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2024 names ELIAS M NEMNON.
- Who are the officers and directors of SILVERCREST SENIOR HOUSING DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does SILVERCREST SENIOR HOUSING DEVELOPMENT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $878,622, expenses of $1,458,847 and total assets of $13,341,082 at year end.
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