Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 56-2353412

MCCARTY HOUSING DEVELOPMENT FUND COMPANY INC

Tax-exempt · ALBANY, NY 12202

Financials

$918K$1.5M2023$1M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of MCCARTY HOUSING DEVELOPMENT FUND COMPANY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,010,866$1,380,873-$370,007$3,124,590$10,673,757-$7,549,167
December 31, 2023990$917,716$1,512,478-$594,762$3,317,949$10,497,109-$7,179,160
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$341,729
of which government grants
$341,729
Program service revenue
$642,723
Investment income
$1,746
Other revenue
$24,668

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$183,873
Salaries, compensation and benefits (total)
$278,635
Professional fundraising fees
$0
Legal fees
$8,876
Accounting fees
$63,057
Depreciation
$225,450
Program services (functional)
$1,262,602
Management and general (functional)
$118,271

Balance sheet and other

Total assets, start of year
$3,317,949
Total assets, end of year
$3,124,590
Total liabilities, end of year
$10,673,757
Net assets, end of year
-$7,549,167
Land, buildings and equipment
$2,298,377
Net assets without donor restrictions
-$7,549,167
Gross receipts
$1,010,866
Employees
0
Year formed
2002
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
MICHAEL WHALENPresident & CEO
Trustee or director, Officer
2$0
CHIQUITA D'ARBEAUSecretary
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
MICHAEL WHALENPresident & CEO
Trustee or director, Officer
2$0
CHIQUITA D'ARBEAUSecretary
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
200 S PEARL ST, ALBANY, NY 12202-1834
In care of
% ALBANY HOUSING AUTHORITY
Principal officer (990 for 2024)
MICHAEL WHALEN, 200 SOUTH PEARL STREET, ALBANY, NY 12202
Signed the 990
CHIQUITA D'ARBEAU, Secretary
Phone
(518) 641-7500
Return prepared by
Polcari & Co CPAs

Mission

TO PROVIDES SAFE & DECENT HOUSING TO LOW INCOME FAMILIES.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE SAFE DECENT HOUSING TO LOW INCOME FAMILIES.
    Expenses $1,262,602

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
56-2353412
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2005
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,124,590
Income (IRS master file)
$1,010,866

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,010,866$1,380,873$3,124,590XML
990December 2023$917,716$1,512,478$3,317,949XML
990December 2022$898,842$1,331,429$3,671,516IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 56-2353412).

Questions about MCCARTY HOUSING DEVELOPMENT FUND COMPANY INC

What is the EIN of MCCARTY HOUSING DEVELOPMENT FUND COMPANY INC?
The employer identification number (EIN) of MCCARTY HOUSING DEVELOPMENT FUND COMPANY INC is 56-2353412.
Is MCCARTY HOUSING DEVELOPMENT FUND COMPANY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to MCCARTY HOUSING DEVELOPMENT FUND COMPANY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does MCCARTY HOUSING DEVELOPMENT FUND COMPANY 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 MCCARTY HOUSING DEVELOPMENT FUND COMPANY 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 MCCARTY HOUSING DEVELOPMENT FUND COMPANY 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 MCCARTY HOUSING DEVELOPMENT FUND COMPANY INC?
The 990 for the year ended December 31, 2024 names MICHAEL WHALEN.
Who are the officers and directors of MCCARTY HOUSING DEVELOPMENT FUND COMPANY INC?
The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does MCCARTY HOUSING DEVELOPMENT FUND COMPANY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,010,866, expenses of $1,380,873 and total assets of $3,124,590 at year end.

Other nonprofits in ALBANY

All nonprofits in ALBANY · New York · Housing and shelter