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Nonprofit · EIN 47-2901744

US MCLEOD HOUSING DEVELOPMENT FUND CORPORATION

Tax-exempt · BROOKLYN, NY 11233

Financials

$1.5M$2.1M2023$1.5M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of US MCLEOD HOUSING DEVELOPMENT FUND CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,481,609$2,077,520-$595,911$7,564,553$11,147,987-$3,583,434
December 31, 2023990$1,471,595$2,131,905-$660,310$7,802,187$10,789,710-$2,987,523
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,262,620
Investment income
$0
Other revenue
$218,989

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$241,226
Salaries, compensation and benefits (total)
$281,311
Professional fundraising fees
$0
Legal fees
$20,708
Accounting fees
$25
Occupancy
$949,692
Travel
$787
Depreciation
$352,795
Program services (functional)
$1,970,227
Management and general (functional)
$107,293

Balance sheet and other

Total assets, start of year
$7,802,187
Total assets, end of year
$7,564,553
Total liabilities, end of year
$11,147,987
Net assets, end of year
-$3,583,434
Land, buildings and equipment
$6,350,321
Net assets without donor restrictions
-$3,583,434
Gross receipts
$1,481,609
Employees
0
Year formed
2015
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
Mark FaircloughChairperson
Trustee or director, Officer
1$0
Pelham BollersExecutive Director
Trustee or director, Officer
40$0
Courtney NewellTreasurer
Trustee or director, Officer
1$0
Dionne FranceSecretary
Trustee or director, Officer
0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Courtney NewellTreasurer
Trustee or director, Officer
1$0
Dionne FranceSecretary
Trustee or director, Officer
0$0
Mark FaircloughChairperson
Trustee or director, Officer
1$0
Pelham BollersExecutive Director
Trustee or director, Officer
40$0

Address and contacts

Address (IRS master file)
294 SUMPTER STREET, BROOKLYN, NY 11233-3464
In care of
% PELHAM BOLLERS
Signed the 990
PELHAM BOLLERS, Executive Director
Phone
(718) 919-3600
Return prepared by
Padilla and Company LLP

Mission

The Corporation is a charitable not-for-profit corporation organized exclusively for thepurpose of developing and operating a housing project for Persons Of Low Income.

990 for the year ended December 31, 2024

Program accomplishments

  • Provided housing for low income persons.
    Expenses $1,970,227

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
47-2901744
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
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,564,553
Income (IRS master file)
$1,481,609

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,481,609$2,077,520$7,564,553XML
990December 2023$1,471,595$2,131,905$7,802,187XML
990December 2022$1,454,276$1,989,620$8,154,687IRS
990December 2021–––IRS
990December 2020–––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 47-2901744).

Questions about US MCLEOD HOUSING DEVELOPMENT FUND CORPORATION

What is the EIN of US MCLEOD HOUSING DEVELOPMENT FUND CORPORATION?
The employer identification number (EIN) of US MCLEOD HOUSING DEVELOPMENT FUND CORPORATION is 47-2901744.
Is US MCLEOD HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to US MCLEOD HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does US MCLEOD 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 US MCLEOD 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 US MCLEOD 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 are the officers and directors of US MCLEOD HOUSING DEVELOPMENT FUND CORPORATION?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does US MCLEOD HOUSING DEVELOPMENT FUND CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,481,609, expenses of $2,077,520 and total assets of $7,564,553 at year end.

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