Nonprofit · EIN 81-0856461
LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY INC
Tax-exempt · NEW YORK, NY 10002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $386,429 | $310,157 | $76,272 | $20,021,797 | $20,021,572 | $225 |
| December 31, 2023 | 990 | $0 | $7,995 | -$7,995 | $18,877,760 | $18,953,809 | -$76,049 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $386,240
- Investment income
- $89
- Other revenue
- $100
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $9,408
- Occupancy
- $6,405
- Program services (functional)
- $258,605
- Management and general (functional)
- $51,552
Balance sheet and other
- Total assets, start of year
- $18,877,762
- Total assets, end of year
- $20,021,797
- Total liabilities, end of year
- $20,021,572
- Net assets, end of year
- $225
- Land, buildings and equipment
- $19,574,435
- Net assets without donor restrictions
- $225
- Gross receipts
- $386,429
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2019
- 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 |
|---|---|---|---|---|---|
| THOMAS YU | PRESIDENT/ED Trustee or director, Officer | 1 | $0 | $284,107 | $61,872 |
| HUI-YUAN NELSON CHAN | TREASURER/MANG. DIR. OF REAL ESTATE Trustee or director, Officer | 1 | $0 | $206,467 | $64,387 |
| HSUEH LAM YAN | DIRECTOR, ASSET & PROPERTY MGMT. Trustee or director, Officer | 1 | $0 | $193,724 | $26,543 |
| MY T CHANG | VICE PRESIDENT/CHIEF OF STAFF Trustee or director, Officer | 1 | $0 | $199,435 | $9,430 |
| JOY SUZANNE GRANADO | CHIEF ACCOUNTING OFFICER (OUTGOING) Officer | 1 | $0 | $175,272 | $21,446 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS YU | PRESIDENT/ED Trustee or director, Officer | 1 | $0 | $279,045 | $66,264 |
| JOY SUZANNE GRANADO | CHIEF ACCOUNTING OFFICER Officer | 1 | $0 | $192,545 | $28,046 |
| HUI-YUAN NELSON CHAN | TREASURER/MANG. DIR. OF COMM. SVCS Trustee or director, Officer | 1 | $0 | $168,900 | $48,163 |
| HSUEH LAM YAN | SECRETARY/DIR. ASSET & PRP. MGT. Trustee or director, Officer | 1 | $0 | $178,281 | $22,333 |
| MY T CHANG | VICE PRESIDENT/CHIEF OF STAFF Trustee or director, Officer | 1 | $0 | $139,860 | $8,044 |
Address and contacts
- Address (IRS master file)
- 141 NORFOLK STREET, NEW YORK, NY 10002-2374
- In care of
- % ASIAN AMERICANS FOR EQUALITY INC
- Mailing address (990-N for 2017)
- 141 NORFOLK STREET, NEW YORK NY 10002
- Principal officer (990 for 2024)
- THOMAS YU, 141 NORFOLK STREET, NEW YORK, NY 10002
- Principal officer (990-N for 2017)
- CHRIS MALLIOS, 141 NORFOLK STREET, NEW YORK NY 10002
- Signed the 990
- THOMAS YU, PRESIDENT/ED
- Phone
- (212) 964-2288
- Return prepared by
- CBIZ ADVISORS LLC
Mission
LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY, INC., WAS FORMED TO PROMOTE, ENCOURAGE, PROVIDE AND SPONSOR THE DEVELOPMENT OF HOUSING AND RELATED FACILITIES FOR PERSONS OF LOW INCOME AND LIMITED MEANS. THE FUND WAS CREATED TO ALLEVIATE HARDSHIP AND SUFFERING TO A DISADVANTAGED GROUP THAT WAS BROUGHT ABOUT DUE TO INADEQUATE HOUSING AND LIVING ARRANGEMENTS.
Program accomplishments
- LOWER EASTSIDE HDFC PROVIDES HOUSING DEVELOPMENT TO 3 PROPERTIES, 44 RESIDENTIAL UNITS UNDER THE CITY'S ANCP PROGRAM - NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT'S AFFORDABLE NEIGHBORHOOD COOPERATIVE PROGRAM. THIS IS UNDER HPD'S PROPERTY DISPOSITION AND FINANCE DEPARTMENT WHICH REHABS AND CONVERTS CITY-OWNED BUILDINGS TO AFFORDABLE COOPS.Expenses $258,605 · revenue $386,340
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
- 81-0856461
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L19)
- Assets (IRS master file)
- $20,021,797
- Income (IRS master file)
- $386,429
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $386,429 | $310,157 | $20,021,797 | XML |
| 990 | December 2023 | $0 | $7,995 | $18,877,760 | XML |
| 990 | December 2022 | $50 | $12,000 | $14,089,479 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: CHRIS MALLIOS | December 31, 2017 | ≤ $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 81-0856461).
Questions about LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY INC
- What is the EIN of LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY INC?
- The employer identification number (EIN) of LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY INC is 81-0856461.
- Is LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does LOWER EAST SIDE 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 LOWER EAST SIDE 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 LOWER EAST SIDE 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 LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 names THOMAS YU.
- Who are the officers and directors of LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $386,429, expenses of $310,157 and total assets of $20,021,797 at year end.
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