Nonprofit · EIN 47-4986806
ONE RIVERSIDE PARK HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $698,555 | $750,485 | -$51,930 | $529,495 | $445,602 | $83,893 |
| December 31, 2023 | 990 | $694,844 | $727,525 | -$32,681 | $558,004 | $422,179 | $135,825 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $697,876
- Investment income
- $679
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $117,028
- Salaries, compensation and benefits (total)
- $140,375
- Professional fundraising fees
- $0
- Legal fees
- $683
- Accounting fees
- $10,000
- Occupancy
- $312,063
- Program services (functional)
- $740,485
- Management and general (functional)
- $10,000
Balance sheet and other
- Total assets, start of year
- $558,004
- Total assets, end of year
- $529,495
- Total liabilities, end of year
- $445,602
- Net assets, end of year
- $83,893
- Net assets without donor restrictions
- $83,893
- Gross receipts
- $698,555
- Employees
- 0
- Volunteers
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRENDA ROSEN | PRESIDENT & CEO Trustee or director, Officer | 5.92 | $0 | $641,542 | $14,471 |
| KEVIN MORAN | CHIEF FINANCIAL OFFICER Officer | 5.92 | $0 | $365,675 | $50,231 |
| DAVID BEER | VICE PRESIDENT Trustee or director, Officer | 8.43 | $0 | $333,921 | $50,111 |
| JUDITH ROSENFELD | SECRETARY Trustee or director, Officer | 8.87 | $0 | $142,608 | $18,423 |
| BENJAMIN STACKS | TREASURER/DIRECTOR Trustee or director, Officer | 0.06 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRENDA ROSEN | PRESIDENT & CEO Trustee or director, Officer | 5.26 | $0 | $629,604 | $13,827 |
| KEVIN MORAN | CHIEF FINANCIAL OFFICER Officer | 5.26 | $0 | $353,041 | $47,221 |
| DAVID BEER | VICE PRESIDENT Trustee or director, Officer | 8.16 | $0 | $336,867 | $47,221 |
| JUDITH ROSENFELD | SECRETARY Trustee or director, Officer | 8.45 | $0 | $136,282 | $17,273 |
| BENJAMIN STACKS | TREASURER/DIRECTOR Trustee or director, Officer | 0.08 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY 10018-6505
- In care of
- % KEVIN MORAN
- Principal officer (990 for 2024)
- BRENDA ROSEN, 505 EIGHTH AVE 5TH FL, NEW YORK, NY 10018
- Signed the 990
- KEVIN MORAN, CFO
- Phone
- (212) 389-9300
- Website
- WWW.BREAKINGGROUND.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
SEE SCHEDULE O
Program accomplishments
- ONE RIVERSIDE PARK HOUSING DEVELOPMENT FUND CORPORATION ("ONE RIVERSIDE") WAS FORMED FOR THE CHARITABLE PURPOSE OF OWNING, REHABILITATING AND OPERATING A SUPPORTIVE HOUSING PROJECT AT 40RIVERSIDE BOULEVARD, NEW YORK CITY. ONE RIVERSIDE OWNS AND MANAGES THE BUILDING'S 55 PERMANENTLY AFFORDABLE APARTMENTS, LOCATED IN A RAPIDLY TRANSFORMING NEIGHBORHOOD. WITH A MIX OF STUDIO, ONE- AND TWO-BEDROOM APARTMENTS, 40 RIVERSIDE IS HOME TO LOW-INCOME INDIVIDUALS AND FAMILIES WITH CHILDREN (AT OR BELOW 60% OF THE AREA MEDIAN INCOME).Expenses $740,485 · revenue $697,876
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
- 47-4986806
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $529,495
- Income (IRS master file)
- $698,555
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $698,555 | $750,485 | $529,495 | XML |
| 990 | December 2023 | $694,844 | $727,525 | $558,004 | XML |
| 990 | December 2022 | $681,746 | $676,816 | $519,910 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 47-4986806).
Questions about ONE RIVERSIDE PARK HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of ONE RIVERSIDE PARK HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of ONE RIVERSIDE PARK HOUSING DEVELOPMENT FUND CORPORATION is 47-4986806.
- Is ONE RIVERSIDE PARK HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2016.
- Are donations to ONE RIVERSIDE PARK HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ONE RIVERSIDE PARK 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 ONE RIVERSIDE PARK 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 ONE RIVERSIDE PARK 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 ONE RIVERSIDE PARK HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names BRENDA ROSEN.
- Who are the officers and directors of ONE RIVERSIDE PARK 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 ONE RIVERSIDE PARK HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $698,555, expenses of $750,485 and total assets of $529,495 at year end.
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