Nonprofit · EIN 52-1949584
C-HP COVE INC
Tax-exempt · NEW YORK, NY 10168
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,363,986 | $5,726,429 | $637,557 | $9,486,037 | $40,129,441 | -$30,643,404 |
| December 31, 2023 | 990 | $5,923,256 | $5,409,681 | $513,575 | $7,423,973 | $38,704,934 | -$31,280,961 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,363,837
- Investment income
- $149
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $417,395
- Salaries, compensation and benefits (total)
- $562,634
- Professional fundraising fees
- $0
- Legal fees
- $9,391
- Accounting fees
- $12,250
- Occupancy
- $775,270
- Depreciation
- $512,133
- Program services (functional)
- $5,555,315
- Management and general (functional)
- $171,114
Balance sheet and other
- Total assets, start of year
- $7,423,973
- Total assets, end of year
- $9,486,037
- Total liabilities, end of year
- $40,129,441
- Net assets, end of year
- -$30,643,404
- Land, buildings and equipment
- $6,331,615
- Net assets without donor restrictions
- -$30,643,404
- Gross receipts
- $6,363,986
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1995
- State of legal domicile
- FL
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 |
|---|---|---|---|---|---|
| RICHARD F BURNS | PRESIDENT Trustee or director, Officer | 1 | $0 | $741,061 | $18,993 |
| STEVEN GREEN | VP Officer | 1 | $0 | $508,083 | $39,986 |
| ERIC PRICE | SENIOR VICE PRESIDENT Officer | 1 | $0 | $512,500 | $0 |
| CARLOS GONZALEZ | SENIOR VICE PRESIDENT Officer | 1 | $0 | $360,555 | $19,894 |
| FRED C MITCHELL | FORMER VP Former | 1 | $0 | $345,098 | $2,000 |
| ALLA ELEON | TREASURER Officer | 1 | $0 | $313,455 | $27,560 |
| JOSEPH P WIEDORFER JR | VP Trustee or director, Officer | 1 | $0 | $279,498 | $23,630 |
| THOMAS G VACCARO | SECRETARY Officer | 1 | $0 | $248,771 | $36,442 |
| JOHN CORBETT | VP Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HUGH JACOBS | VP Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD F BURNS | PRESIDENT Trustee or director, Officer | 1 | $0 | $699,998 | $19,505 |
| STEVEN GREEN | VP Officer | 1 | $0 | $530,000 | $41,010 |
| ERIC PRICE | SENIOR VICE PRESIDENT Officer | 1 | $0 | $499,038 | $0 |
| JOSEPH P WIEDORFER JR | VP Trustee or director, Officer | 1 | $0 | $329,615 | $23,771 |
| ALLA ELEON | TREASURER Officer | 1 | $0 | $324,423 | $26,808 |
| CARLOS GONZALEZ | SENIOR VICE PRESIDENT Officer | 1 | $0 | $295,906 | $19,268 |
| THOMAS G VACCARO | SECRETARY Officer | 1 | $0 | $273,654 | $41,010 |
| FRED C MITCHELL | FORMER VP Former | 0 | $0 | $280,000 | $11,468 |
| JOHN CORBETT | VP Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HUGH JACOBS | VP Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 122 EAST 42ND STREET 4900, NEW YORK, NY 10168-0002
- In care of
- % THALIA LANKIN
- Principal officer (990 for 2024)
- RICHARD F BURNS, 122 EAST 42ND STREET STE 4900, NEW YORK, NY 10168
- Signed the 990
- ALLA ELEON, TREASURER
- Phone
- (646) 336-4936
- Return prepared by
- CARTER & COMPANY CPAS LLC
Mission
TO PROVIDE FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP AND OPERATION OF AFFORDABLE HOUSING FOR LOW INCOME FAMILIES.
Program accomplishments
- THE CORPORATION PROVIDES HOUSING TO LOW INCOME TENANTS IN A 384 UNIT APARTMENT COMPLEX LOCATED IN BOYNTON BEACH, FLORIDA OPERATED UNDER THE NAME CLIPPER COVE APARTMENTS.Expenses $5,555,315 · revenue $6,363,837
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
- 52-1949584
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $9,486,037
- Income (IRS master file)
- $6,363,986
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,363,986 | $5,726,429 | $9,486,037 | XML |
| 990 | December 2023 | $5,923,256 | $5,409,681 | $7,423,973 | XML |
| 990 | December 2022 | $5,650,588 | $5,205,447 | $7,740,852 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 52-1949584).
Questions about C-HP COVE INC
- What is the EIN of C-HP COVE INC?
- The employer identification number (EIN) of C-HP COVE INC is 52-1949584.
- Is C-HP COVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to C-HP COVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does C-HP COVE INC 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 C-HP COVE INC 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 C-HP COVE INC 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 C-HP COVE INC?
- The 990 for the year ended December 31, 2024 names RICHARD F BURNS.
- Who are the officers and directors of C-HP COVE INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does C-HP COVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,363,986, expenses of $5,726,429 and total assets of $9,486,037 at year end.
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