Nonprofit · EIN 32-0575794
MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION
Tax-exempt · BROOKLYN, NY 11238
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $707,081 | $1,928,448 | -$1,221,367 | $38,843,159 | $41,944,796 | -$3,101,637 |
| December 31, 2023 | 990 | $175,491 | $1,270,047 | -$1,094,556 | $39,467,896 | $40,743,193 | -$1,275,297 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $375,000
- of which government grants
- $375,000
- Program service revenue
- $326,558
- Investment income
- $5,523
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $12,300
- Occupancy
- $169,240
- Depreciation
- $972,137
- Program services (functional)
- $1,904,157
- Management and general (functional)
- $24,291
Balance sheet and other
- Total assets, start of year
- $39,467,896
- Total assets, end of year
- $38,843,159
- Total liabilities, end of year
- $41,944,796
- Net assets, end of year
- -$3,101,637
- Land, buildings and equipment
- $37,125,924
- Gross receipts
- $707,081
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2018
- 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 |
|---|---|---|---|
| DERRICK OWENS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JENNY PACHECO | TREASURER Trustee or director, Officer | 1 | $0 |
| NATALIE BROWN | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOROTHY AMADI | SECRETARY Trustee or director, Officer | 1 | $0 |
| JENNY PACHECO | TREASURER Trustee or director, Officer | 1 | $0 |
| NATALIE BROWN | PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 470 VANDERBILT AVE 9TH FLOOR, BROOKLYN, NY 11238-2208
- 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
CONSTRUCTING, OPERATING AND LEASING APPROXIMATELY 57,000 SQUARE FEET OF INDUSTRIAL COMMERCIAL SPACE IN THE BRONX, NEW YORK.
Program accomplishments
- CONSTRUCTING, OPERATING AND LEASING APPROXIMATELY 57,000 SQUARE FEET OF INDUSTRIAL COMMERCIAL SPACE IN THE BRONX, NEW YORK.Expenses $1,904,157 · revenue $326,558
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
- 32-0575794
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J20)
- Assets (IRS master file)
- $38,843,159
- Income (IRS master file)
- $707,081
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $707,081 | $1,928,448 | $38,843,159 | IRS |
| 990 | December 2023 | $175,491 | $1,270,047 | $39,467,896 | XML |
| 990 | December 2022 | $563,369 | $1,102,993 | $39,138,258 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 32-0575794).
Questions about MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION
- What is the EIN of MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION is 32-0575794.
- Is MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MHANY PENINSULA LOCAL DEVELOPMENT 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 PENINSULA LOCAL DEVELOPMENT 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 PENINSULA LOCAL DEVELOPMENT 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 PENINSULA LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names ISMENE SPELIOTIS.
- Who are the officers and directors of MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $707,081, expenses of $1,928,448 and total assets of $38,843,159 at year end.
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