Nonprofit · EIN 80-0546640
NYCHA I HOUSING DEVELOPEMENT FUND CORPORATION
Tax-exempt · NEW YORK, NY 10007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $209,031,743 | $62,311,029 | $146,720,714 | $375,894,688 | $1,105,696,696 | -$729,802,008 |
| December 31, 2023 | 990 (amended) | $28,244,135 | $0 | $28,244,135 | $28,219,084 | $0 | $28,219,084 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $175,903,631
- of which government grants
- $175,903,631
- Program service revenue
- $60,297,489
- Investment income
- -$27,169,377
- Net gain from sales of assets
- -$27,526,860
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,713,156
- Other salaries and wages
- $98,728
- Salaries, compensation and benefits (total)
- $6,592,702
- Professional fundraising fees
- $0
- Legal fees
- $23,607
- Accounting fees
- $364,560
- Occupancy
- $43,059,282
- Depreciation
- $6,011,641
- Program services (functional)
- $62,311,029
Balance sheet and other
- Total assets, start of year
- $28,219,084
- Total assets, end of year
- $375,894,688
- Total liabilities, end of year
- $1,105,696,696
- Net assets, end of year
- -$729,802,008
- Land, buildings and equipment
- $307,034,822
- Net assets without donor restrictions
- -$729,802,008
- Gross receipts
- $236,558,603
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2010
- 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 |
|---|---|---|---|---|---|
| LISA BOVA-HIATT | PRESIDENT & CEO Trustee or director, Officer | 0.1 | $0 | $431,082 | $96,272 |
| EVA TRIMBLE | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $314,365 | $73,039 |
| DAVID ROHDE | SECRETARY AND TREASURER Trustee or director, Officer | 0.1 | $0 | $321,499 | $46,075 |
| ANNIKA LESCOTT-MARTINEZ | FIRST FINANCIAL OFFICER Officer | 0.1 | $0 | $287,440 | $75,697 |
| JEFFREY LESNOY | CHIEF ACCOUNTING OFFICER Officer | 0.1 | $0 | $244,200 | $55,922 |
| GEORGIANA OKOROJI | ASSISTANT TREASURER Officer | 0.1 | $0 | $257,779 | $36,943 |
| VICTOR GONZALEZ | MEMBER Trustee or director | 0.1 | $0 | $4,455 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LISA BOVA-HIATT | PRESIDENT & CEO Trustee or director, Officer | 0.1 | $0 | $374,654 | $91,071 |
| DAVID ROHDE | SECRETARY AND TREASURER Trustee or director, Officer | 0.1 | $0 | $266,082 | $41,516 |
| EVA TRIMBLE | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $248,540 | $38,779 |
| ANNIKA LESCOTT-MARTINEZ | FIRST FINANCIAL OFFICER Officer | 0.1 | $0 | $206,061 | $61,966 |
| JEFFREY LESNOY | CHIEF ACCOUNTING OFFICER Officer | 0.1 | $0 | $184,889 | $48,878 |
| GEORGIANA OKOROJI | ASSISTANT TREASURER Officer | 0.1 | $0 | $196,375 | $30,640 |
| VICTOR GONZALEZ | MEMBER Trustee or director | 0.1 | $0 | $3,776 | $0 |
Address and contacts
- Address (IRS master file)
- 250 BROADWAY, NEW YORK, NY 10007-2516
- In care of
- % SONYA KALOYANIDES
- Mailing address (990-N for 2023)
- 250 Broadway, New York NY 10007
- Principal officer (990 for 2024)
- AH-YAT LEE, 250 BROADWAY, NEW YORK, NY 10007
- Principal officer (990-N for 2023)
- Jeffrey Lesnoy, 90 Church Street, New York NY 10007
- Signed the 990
- AH-YAT LEE, VICE PRESIDENT AND CONTROLLER
- Phone
- (212) 306-6679
- Return prepared by
- NOVOGRADAC & COMPANY LLP
Mission
TO FACILIATE HOUSING FOR PERSONS OF LOW INCOME IN NEW YORK CITY.
Program accomplishments
- THE ORGANIZATION'S MISSION IS TO FACILITATE HOUSING FOR PERSONS OF LOW INCOME IN NEW YORK CITY BY RECEIVING GRANTS FROM THE NEW YORK CITY HOUSING AUTHORITY AND INVESTING THOSE PROCEEDS IN MAJOR REPAIRS AND IMPROVEMENTS TO PUBLIC HOUSING.Expenses $62,311,029 · revenue $33,128,112
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-N on file |
IRS record
- EIN
- 80-0546640
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $375,894,688
- Income (IRS master file)
- $236,558,603
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $209,031,743 | $62,311,029 | $375,894,688 | XML |
| 990-N for 2023 Officer: Jeffrey Lesnoy | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $28,244,135 | $0 | $28,219,084 | XML |
| 990-N for 2022 Officer: Jeffrey Lesnoy | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Daniel Frydberg | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Daniel Frydberg | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 80-0546640).
Questions about NYCHA I HOUSING DEVELOPEMENT FUND CORPORATION
- What is the EIN of NYCHA I HOUSING DEVELOPEMENT FUND CORPORATION?
- The employer identification number (EIN) of NYCHA I HOUSING DEVELOPEMENT FUND CORPORATION is 80-0546640.
- Is NYCHA I HOUSING DEVELOPEMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to NYCHA I HOUSING DEVELOPEMENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NYCHA I HOUSING DEVELOPEMENT 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 NYCHA I HOUSING DEVELOPEMENT 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 NYCHA I HOUSING DEVELOPEMENT 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 NYCHA I HOUSING DEVELOPEMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names AH-YAT LEE.
- Who are the officers and directors of NYCHA I HOUSING DEVELOPEMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does NYCHA I HOUSING DEVELOPEMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $209,031,743, expenses of $62,311,029 and total assets of $375,894,688 at year end.
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