Nonprofit · EIN 26-4577399
RESTORING URBAN NEIGHBORHOODS LLC
Tax-exempt · NEW YORK, NY 10038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $261,551 | $1,023,203 | -$761,652 | $6,761,497 | $10,486,647 | -$3,725,150 |
| December 31, 2023 | 990 | -$50,692 | $796,385 | -$847,077 | $19,525,581 | $22,489,079 | -$2,963,498 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $665,000
- Program service revenue
- $0
- Investment income
- -$3,680,466
- Net gain from sales of assets
- -$3,833,421
- Other revenue
- $3,277,017
Expenses
- Grants and similar amounts paid
- $665,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $150
- Accounting fees
- $33,678
- Occupancy
- $26,342
- Program services (functional)
- $877,698
- Management and general (functional)
- $145,505
Balance sheet and other
- Total assets, start of year
- $19,525,581
- Total assets, end of year
- $6,761,497
- Total liabilities, end of year
- $10,486,647
- Net assets, end of year
- -$3,725,150
- Net assets without donor restrictions
- -$3,725,150
- Gross receipts
- $11,748,811
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2009
- State of legal domicile
- DE
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 |
|---|---|---|---|---|---|
| SALVATORE D'AVOLA | ASSISTANT SECRETARY Officer | 2 | $0 | $274,704 | $26,421 |
| ANNETTA SEECHARRAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ARTURO SUAREZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRIAN SEGEL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRISTIE PEALE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JANE SILVERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NICOLAS LEMBO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TONYA ORES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VICTORIA ROWE BARRECA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD PINNER | ASSISTANT SECRETARY Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SALVATORE D'AVOLA | ASSISTANT SECRETARY Officer | 4 | $0 | $264,329 | $25,032 |
| BRIAN SEGEL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRISTIE PEALE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JANE SILVERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIMBERLY DARGA | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LYDIA TOM | OUTGOING SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICHOLAS LEMBO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VALERIE WHITE | OUTGOING TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VICTORIA BARRECA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ARTURO SUAREZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TONYA ORES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANNETTA SEECHARRAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| XIOMARA PEDRAZA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD PINNER | ASSISTANT SECRETARY Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 150 BROADWAY RM 2101, NEW YORK, NY 10038-4484
- In care of
- % RESTORED HOMES HOUSING DEVELOPMEN
- Principal officer (990 for 2024)
- MR SALVATORE D'AVOLA, 150 BROADWAY 2101, NEW YORK, NY 10038
- Signed the 990
- MR SALVATORE D'AVOLA, ASSISTANT SECRETARY
- Phone
- (212) 584-8981
- Website
- WWW.NEIGHBORHOODRESTORE.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PERSERVING AND CREATING, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES, IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABLIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY.
Program accomplishments
- THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PRESERVING AND CREATING, ON A NONPROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. DURING THE YEAR, THE ORGANIZATION CONTINUED TO MAINTAIN AND DISPOSE OF THE PROPERTIES IN ACCORDANCE WITH FEDERAL, STATE AND CITY REGULATIONS.Expenses $877,698 · grants $665,000 · revenue $3,277,017
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-4577399
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $5,262,796
- Income (IRS master file)
- $3,728
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $261,551 | $1,023,203 | $6,761,497 | IRS |
| 990 | December 2023 | -$50,692 | $796,385 | $19,525,581 | XML |
| 990 | December 2022 | $33,295 | $396,234 | $20,169,682 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 26-4577399).
Questions about RESTORING URBAN NEIGHBORHOODS LLC
- What is the EIN of RESTORING URBAN NEIGHBORHOODS LLC?
- The employer identification number (EIN) of RESTORING URBAN NEIGHBORHOODS LLC is 26-4577399.
- Is RESTORING URBAN NEIGHBORHOODS LLC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to RESTORING URBAN NEIGHBORHOODS LLC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does RESTORING URBAN NEIGHBORHOODS LLC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of RESTORING URBAN NEIGHBORHOODS LLC 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 RESTORING URBAN NEIGHBORHOODS LLC 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 RESTORING URBAN NEIGHBORHOODS LLC?
- The 990 for the year ended December 31, 2024 names MR SALVATORE D'AVOLA.
- Who are the officers and directors of RESTORING URBAN NEIGHBORHOODS LLC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does RESTORING URBAN NEIGHBORHOODS LLC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $261,551, expenses of $1,023,203 and total assets of $6,761,497 at year end.
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