Nonprofit · EIN 27-5111306
SUGAR HILL NEW MARKET TAX CREDIT INC
Tax-exempt · NEW YORK, NY 10031
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10 | $589,171 | -$589,161 | $21,748,764 | $1,049,267 | $20,699,497 |
| December 31, 2023 | 990 | $400,010 | $589,171 | -$189,161 | $22,337,925 | $1,049,267 | $21,288,658 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $10
- Other revenue
- $10
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $589,171
- Program services (functional)
- $589,171
Balance sheet and other
- Total assets, start of year
- $22,337,925
- Total assets, end of year
- $21,748,764
- Total liabilities, end of year
- $1,049,267
- Net assets, end of year
- $20,699,497
- Land, buildings and equipment
- $21,747,667
- Net assets without donor restrictions
- $20,699,497
- Gross receipts
- $10
- Employees
- 0
- Volunteers
- 0
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHARLENE MELVILLE | PRESIDENT Trustee or director, Officer | 1 | $0 | $257,692 | $31,386 |
| DAVID NATHANSON | TREASURER/SECRETARY Officer | 1 | $0 | $205,207 | $39,418 |
| JAN PETRIGAN | DIRECTOR OF OPERATIONS Officer | 1 | $0 | $153,864 | $22,874 |
| ALAN WEIL | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| FR JOHN FELICE | VP/EMERITUS (NON-VOTING) Trustee or director, Officer | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHARLENE MELVILLE | PRESIDENT (AS OF 04/23) Trustee or director, Officer | 1 | $0 | $251,162 | $30,648 |
| DAVID NATHANSON | TREASURER/SECRETARY Officer | 1 | $0 | $207,312 | $37,192 |
| ELLEN BAXTER | EXECUTIVE DIRECTOR (THRU 04/23) Trustee or director, Officer | 1 | $0 | $149,629 | $36,008 |
| TAYLOR MORLEY | CHIEF OPERATING OFFICER (THRU 10/23) Trustee or director, Officer | 1 | $0 | $150,723 | $20,872 |
| ALAN WEIL | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| FR JOHN FELICE | VP/EMERITUS (NON-VOTING) Trustee or director, Officer | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 583 RIVERSIDE DRIVE, NEW YORK, NY 10031-8346
- In care of
- % DAVID NATHANSON CFO
- Mailing address (990-N for 2012)
- 583 RIVERSIDE DRIVE, NEW YORK NY 10031
- Principal officer (990 for 2024)
- MIRIAM RACCAH, 583 RIVERSIDE DRIVE, NEW YORK, NY 10031
- Principal officer (990-N for 2012)
- ROBERT MCPHILLIPS CFO, 583 RIVERSIDE DRIVE, NEW YORK NY 10031
- Signed the 990
- JANET MCCREATH, DIRECTOR OF FINANCE
- Phone
- (212) 568-2030
- Website
- BROADWAYHOUSING.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
SEE SCHEDULE OTHE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO ASSIST IN THE DEVELOPMENT OF THE SUGAR HILL PROJECT, A MULTI-USE BUILDING CONSISTING OF 124 AFFORDABLE STUDIO, ONE, TWO AND THREE BEDROOM APARTMENTS, AN EARLY CHILDHOOD CENTER KNOWN AS THE SUGAR HILL MUSEUM PRE-SCHOOL,RENTAL SPACE, UNDERGROUND PARKING GARAGE AND THE SUGAR HILL CHILDREN'S MUSEUM OF ART AND STORYTELLING.
Program accomplishments
- THE ORGANIZATION'S PRIMARY PROGRAM SERVICE ACTIVITY IS TO FACILITATE THE FINANCING FOR THE SUGAR HILL PROJECT, A FACILITY THAT PAIRS PERMANENT HOUSING WITH EARLY EDUCATION AND EDUCATIONAL ADVOCACY, AND ACCESS TO THE ARTS. THE ORGANIZATION FACILITATES THE FINANCING VIA SUGAR HILL LEVERAGE, LLC, A NEW YORK LIMITED LIABILITY COMPANY FORMED EXPRESSLY FOR THE PURPOSES OF ADVANCING THE CONSTRUCTION AND DEVELOPMENT OF THE SUGAR HILL PROJECT.Expenses $589,171
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 | 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
- 27-5111306
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L80)
- Assets (IRS master file)
- $21,748,764
- Income (IRS master file)
- $10
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10 | $589,171 | $21,748,764 | XML |
| 990 | December 2023 | $400,010 | $589,171 | $22,337,925 | XML |
| 990 | December 2022 | $190 | $589,201 | $22,927,086 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: ROBERT MCPHILLIPS CFO | December 31, 2012 | ≤ $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 27-5111306).
Questions about SUGAR HILL NEW MARKET TAX CREDIT INC
- What is the EIN of SUGAR HILL NEW MARKET TAX CREDIT INC?
- The employer identification number (EIN) of SUGAR HILL NEW MARKET TAX CREDIT INC is 27-5111306.
- Is SUGAR HILL NEW MARKET TAX CREDIT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2012.
- Are donations to SUGAR HILL NEW MARKET TAX CREDIT INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SUGAR HILL NEW MARKET TAX CREDIT INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SUGAR HILL NEW MARKET TAX CREDIT 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 SUGAR HILL NEW MARKET TAX CREDIT 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 SUGAR HILL NEW MARKET TAX CREDIT INC?
- The 990 for the year ended December 31, 2024 names MIRIAM RACCAH.
- Who are the officers and directors of SUGAR HILL NEW MARKET TAX CREDIT INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does SUGAR HILL NEW MARKET TAX CREDIT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10, expenses of $589,171 and total assets of $21,748,764 at year end.
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