Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 27-4688153

PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORPORATI

Tax-exempt · NEW YORK, NY 10038

Financials

$829K$695K2023$1.1M$652K2024
Revenue Expenses · by fiscal year end
Financials of PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORPORATI by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,084,690$651,516$433,174$27,628,269$136,811$27,491,458
December 31, 2023990$828,617$694,770$133,847$27,116,782$58,498$27,058,284
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$392,400
of which government grants
$392,400
Program service revenue
$328,505
Investment income
$363,785
Net gain from sales of assets
$173,019
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$700
Accounting fees
$60,333
Occupancy
$17,367
Travel
$408
Program services (functional)
$509,342
Management and general (functional)
$142,174

Balance sheet and other

Total assets, start of year
$27,116,782
Total assets, end of year
$27,628,269
Total liabilities, end of year
$136,811
Net assets, end of year
$27,491,458
Net assets without donor restrictions
$11,668,767
Net assets with donor restrictions
$15,822,691
Gross receipts
$1,511,565
Employees
0
Volunteers
5
Year formed
2011
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
SALVATORE D'AVOLAASSISTANT SECRETARY
Officer
1$0$274,704$30,500
BRIAN SEGELPRESIDENT
Trustee or director, Officer
1$0$0$0
HAROLD SHULTZVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
KIMBERLY DARGADIRECTOR
Trustee or director
1$0$0$0
TATIANA PENATREASURER
Trustee or director, Officer
1$0$0$0
VICTORIA BARRECASECRETARY
Trustee or director, Officer
1$0$0$0
RICHARD PINNERASSISTANT SECRETARY
Officer
1$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
SALVATORE D'AVOLAASSISTANT SECRETARY
Officer
1$0$264,329$25,032
BRIAN SEGELPRESIDENT
Trustee or director, Officer
1$0$0$0
HAROLD SHULTZVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
KIMBERLY DARGADIRECTOR
Trustee or director
1$0$0$0
LYDIA TOMOUTGOING SECRETARY
Trustee or director, Officer
1$0$0$0
TATIANA PENATREASURER
Trustee or director, Officer
1$0$0$0
VALERIE WHITEOUTGOING SECRETARY
Trustee or director, Officer
1$0$0$0
VICTORIA BARRECASECRETARY
Trustee or director, Officer
1$0$0$0
RICHARD PINNERASSISTANT 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
% SALVATORE DAVOLA
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
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.

990 for the year ended December 31, 2024

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 $509,342 · revenue $328,505

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-4688153
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$27,628,269
Income (IRS master file)
$1,511,565

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,084,690$651,516$27,628,269XML
990December 2023$828,617$694,770$27,116,782XML
990December 2022$1,770,862$1,043,648$26,998,817IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 27-4688153).

Questions about PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORPORATI

What is the EIN of PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORPORATI?
The employer identification number (EIN) of PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORPORATI is 27-4688153.
Is PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORPORATI tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORPORATI tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORPORATI 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 PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORPORATI 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 PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORPORATI 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 PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORPORATI?
The 990 for the year ended December 31, 2024 names MR SALVATORE D' AVOLA.
Who are the officers and directors of PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORPORATI?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORPORATI have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,084,690, expenses of $651,516 and total assets of $27,628,269 at year end.

Other nonprofits in NEW YORK

All nonprofits in NEW YORK · New York · Housing and shelter