Nonprofit · EIN 47-0976556
KB25 HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · NEW YORK, NY 10010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,327,715 | $1,894,679 | -$566,964 | $14,331,668 | $159,361 | $14,172,307 |
| December 31, 2023 | 990 | $1,345,394 | $1,224,233 | $121,161 | $15,017,009 | $277,776 | $14,739,233 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,314,876
- Investment income
- $1,193
- Other revenue
- $11,646
Expenses
- Grants and similar amounts paid
- $765,000
- Other salaries and wages
- $72,520
- Salaries, compensation and benefits (total)
- $116,384
- Professional fundraising fees
- $0
- Legal fees
- $5,358
- Accounting fees
- $12,957
- Occupancy
- $84,495
- Depreciation
- $465,906
- Program services (functional)
- $1,753,376
- Management and general (functional)
- $141,303
Balance sheet and other
- Total assets, start of year
- $15,017,009
- Total assets, end of year
- $14,331,668
- Total liabilities, end of year
- $159,361
- Net assets, end of year
- $14,172,307
- Land, buildings and equipment
- $13,867,921
- Net assets without donor restrictions
- $14,172,307
- Gross receipts
- $1,327,715
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2014
- 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 |
|---|---|---|---|---|---|
| ADAM WEINSTEIN | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $863,534 | $180,441 |
| JAMES ROBERT PIGOTT JR | VICE PRESIDENT AND SECRETA Trustee or director, Officer | 1 | $0 | $366,981 | $87,569 |
| MICHAEL WADMAN | VICE PRESIDENT Officer | 1 | $0 | $321,134 | $59,437 |
| LUKEMAN OGUNYINKA | TREASURER Trustee or director, Officer | 1 | $0 | $357,241 | $9,964 |
| MATTHEW KELLY | OUTGOING VICE PRESIDENT Officer | 1 | $0 | $241,381 | $70,079 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ADAM WEINSTEIN | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $818,137 | $172,076 |
| JAMES ROBERT PIGOTT JR | VICE PRESIDENT AND SECRETA Trustee or director, Officer | 1 | $0 | $350,387 | $79,704 |
| MATTHEW KELLY | VICE PRESIDENT Officer | 1 | $0 | $350,240 | $73,253 |
| MICHAEL WADMAN | VICE PRESIDENT Officer | 1 | $0 | $302,790 | $58,015 |
| LUKEMAN OGUNYINKA | TREASURER Trustee or director, Officer | 1 | $0 | $274,320 | $62,804 |
Address and contacts
- Address (IRS master file)
- 902 BROADWAY 13TH FL, NEW YORK, NY 10010-6033
- In care of
- % CARLOS TAVAREZ
- Principal officer (990 for 2024)
- ADAM WEINSTEIN, 257 PARK AVENUE SOUTH 12TH FLOOR, NEW YORK, NY 10010
- Signed the 990
- LUKEMAN OGUNYINKA, TREASURER
- Phone
- (212) 243-9090
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
KB25 HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO OWN AND OPERATE A RESIDENTIAL BUILDING FOR PERSONS OF LOW AND MODERATE INCOME.
Program accomplishments
- KB25 HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO OWN AND OPERATE A 56 UNIT RESIDENTIAL BUILDING AT 325 E. 25TH STREET IN THE BOROUGH OF MANHATTAN FOR PERSONS OF LOW AND MODERATE INCOME.Expenses $988,376 · revenue $1,326,522
- GRANT TO PHIPPS HOUSES, AN AFFILIATE ORGANIZATION UNDER IRC 501(C)(3), TO BE USED ONLY FOR THE PURPOSE OF PROMOTING AFFORDABLE HOUSING.Expenses $765,000 · grants $765,000
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
- 47-0976556
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $14,331,668
- Income (IRS master file)
- $1,327,715
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,327,715 | $1,894,679 | $14,331,668 | XML |
| 990 | December 2023 | $1,345,394 | $1,224,233 | $15,017,009 | XML |
| 990 | December 2022 | $1,157,387 | $1,929,669 | $14,959,638 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 47-0976556).
Questions about KB25 HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of KB25 HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of KB25 HOUSING DEVELOPMENT FUND CORPORATION is 47-0976556.
- Is KB25 HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2014.
- Are donations to KB25 HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KB25 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 KB25 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 KB25 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 KB25 HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names ADAM WEINSTEIN.
- Who are the officers and directors of KB25 HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does KB25 HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,327,715, expenses of $1,894,679 and total assets of $14,331,668 at year end.
Other nonprofits in NEW YORK
- NYCHA I HOUSING DEVELOPEMENT FUND CORPORATION EIN 80-0546640 · last filed 990 for 2024
- H E L P USA INC EIN 91-1922828 · last filed 990 for 2025
- NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION EIN 91-1884698 · last filed 990 for 2024
- PHIPPS HOUSES EIN 11-1187480 · last filed 990-N for 2025
- CORPORATION FOR SUPPORTIVE HOUSING EIN 13-3600232 · last filed 990 for 2024
- DOE FUND INC EIN 13-3412540 · last filed 990 for 2025
- URBAN PATHWAYS INC EIN 13-2933675 · last filed 990 for 2025
- THE CENTER FOR NEW YORK CITY EIN 83-0506416 · last filed 990 for 2024