Nonprofit · EIN 45-5133550
MHANY 2012 HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · BROOKLYN, NY 11238
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $240,514 | $454,253 | -$213,739 | $4,368,920 | $6,624,192 | -$2,255,272 |
| December 31, 2023 | 990 | $265,431 | $461,178 | -$195,747 | $4,340,162 | $6,381,695 | -$2,041,533 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $239,414
- Investment income
- $1,100
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,311
- Accounting fees
- $12,500
- Occupancy
- $79,777
- Depreciation
- $128,079
- Program services (functional)
- $420,678
- Management and general (functional)
- $33,575
Balance sheet and other
- Total assets, start of year
- $4,340,162
- Total assets, end of year
- $4,368,920
- Total liabilities, end of year
- $6,624,192
- Net assets, end of year
- -$2,255,272
- Land, buildings and equipment
- $4,058,484
- Net assets without donor restrictions
- -$2,255,272
- Gross receipts
- $240,514
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2012
- 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
- In care of
- % ISMENE SPELIOTIS
- Mailing address (990-N for 2012)
- 2-4 NEVINS STREET 2ND FLOOR, BROOKLYN NY 11217
- Principal officer (990 for 2024)
- ISMENE SPELIOTIS, 470 VANDERBILT AVE 9TH FLOOR, BROOKLYN, NY 11238
- Principal officer (990-N for 2012)
- ISMENE SPELIOTIS, 2-4 NEVINS STREET 2ND FLOOR, BROOKLYN NY 11217
- Signed the 990
- ISMENE SPELIOTIS, EXECUTIVE DIRECTOR
- Phone
- (718) 246-8080
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
TO PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS OF LIMITED INCOME BY BUYING, LEASING, DEVELOPING, AND REHABILITATING PROPERTIES, AND OTHERWISE ENGAGING IN THE COLLECTIVE AND CORPORATE ACTIVITIES NECESSARY TO IMPLEMENT THESE ENDS.
Program accomplishments
- EXPENSES WERE INCURRED FOR THE MAINTENANCE OF A HOUSING PROJECT DEVELOPED FOR THE BENEFIT OF PERSONS OF LOW INCOME.Expenses $420,678 · revenue $239,414
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
- 45-5133550
- 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
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $4,368,920
- Income (IRS master file)
- $240,514
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $240,514 | $454,253 | $4,368,920 | IRS |
| 990 | December 2023 | $265,431 | $461,178 | $4,340,162 | XML |
| 990 | December 2022 | $244,824 | $475,424 | $4,457,857 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: ISMENE SPELIOTIS | June 30, 2013 | ≤ $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 45-5133550).
Questions about MHANY 2012 HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of MHANY 2012 HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of MHANY 2012 HOUSING DEVELOPMENT FUND CORPORATION is 45-5133550.
- Is MHANY 2012 HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to MHANY 2012 HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MHANY 2012 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 2012 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 2012 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 2012 HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names ISMENE SPELIOTIS.
- Who are the officers and directors of MHANY 2012 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 2012 HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $240,514, expenses of $454,253 and total assets of $4,368,920 at year end.
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