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Nonprofit · EIN 32-0007137

MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION

Tax-exempt · BROOKLYN, NY 11238

Financials

$1.1M$1.6M2023$1.1M$1.6M2024
Revenue Expenses · by fiscal year end
Financials of MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,093,253$1,555,703-$462,450$9,463,720$14,406,180-$4,942,460
December 31, 2023990 (amended)$1,092,479$1,569,908-$477,429$9,252,624$13,732,634-$4,480,010
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,079,381
Investment income
$1,139
Other revenue
$12,733

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$37,180
Accounting fees
$10,900
Occupancy
$388,348
Depreciation
$408,134
Program services (functional)
$1,467,636
Management and general (functional)
$88,067

Balance sheet and other

Total assets, start of year
$9,189,827
Total assets, end of year
$9,463,720
Total liabilities, end of year
$14,406,180
Net assets, end of year
-$4,942,460
Land, buildings and equipment
$7,658,808
Net assets without donor restrictions
-$4,942,460
Gross receipts
$1,093,253
Employees
0
Volunteers
3
Year formed
2002
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 / weekCompensation
DERRICK OWENSPRESIDENT
Trustee or director, Officer
1$0
NATALIE BROWNSECRETARY
Trustee or director, Officer
1$0
JENNY PACHECOTREASURER
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
DERRICK OWENSPRESIDENT
Trustee or director, Officer
1$0
DOROTHY AMADIOUTGOING PRESIDENT
Trustee or director, Officer
1$0
JENNY PACHECOTREASURER
Trustee or director, Officer
1$0
NATALIE BROWNSECRETARY
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
470 VANDERBILT AVE 9TH FLOOR, BROOKLYN, NY 11238-2208
In care of
% M H ANY
Principal officer (990 for 2024)
ISMENE SPELIOTIS, 470 VANDERBILT AVE 9TH FLOOR, BROOKLYN, NY 11238
Signed the 990
ISMENE SPELIOTIS, EXECUTIVE DIRECTOR
Phone
(718) 246-8080
Return prepared by
COHNREZNICK ADVISORY LLC

Mission

DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

990 for the year ended December 31, 2024

Program accomplishments

  • EXPENSES WERE INCURRED FOR THE MAINTENANCE OF A HOUSING PROJECT DEVELOPED FOR THE BENEFIT OF PERSONS OF LOW INCOME.
    Expenses $1,467,636 · revenue $1,092,114

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
32-0007137
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
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$9,463,720
Income (IRS master file)
$1,093,253

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,093,253$1,555,703$9,463,720XML
990December 2023$1,092,479$1,569,908$9,252,624XML
990December 2022$1,200,942$1,425,022$9,476,681IRS
990December 2021–––IRS
990December 2020–––IRS
990June 2019–––IRS
990June 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 32-0007137).

Questions about MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION

What is the EIN of MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION?
The employer identification number (EIN) of MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION is 32-0007137.
Is MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION 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 MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION 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 MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION 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 MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION?
The 990 for the year ended December 31, 2024 names ISMENE SPELIOTIS.
Who are the officers and directors of MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does MHANY 2002 HOUSING DEVELOPMENT FUND CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,093,253, expenses of $1,555,703 and total assets of $9,463,720 at year end.

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