Nonprofit · EIN 81-1725502
MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · NEW YORK, NY 10002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $264,150 | $381,456 | -$117,306 | $3,525,571 | $4,191,813 | -$666,242 |
| December 31, 2023 | 990 | $242,384 | $353,614 | -$111,230 | $3,616,255 | $4,165,191 | -$548,936 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $262,876
- Investment income
- $0
- Other revenue
- $1,274
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $27,628
- Depreciation
- $108,931
- Program services (functional)
- $327,112
- Management and general (functional)
- $54,344
Balance sheet and other
- Total assets, start of year
- $3,616,255
- Total assets, end of year
- $3,525,571
- Total liabilities, end of year
- $4,191,813
- Net assets, end of year
- -$666,242
- Land, buildings and equipment
- $3,406,199
- Net assets without donor restrictions
- -$666,242
- Gross receipts
- $264,150
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2016
- 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 | SECRETARY/DIR., ASSET & PROP. 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 & PROP. 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 ST GROUND FLOOR, NEW YORK, NY 10002-2374
- Principal officer (990 for 2024)
- THOMAS YU, 141 NORFOLK ST GROUND FLOOR, NEW YORK, NY 10002
- Signed the 990
- THOMAS YU, PRESIDENT/ED
- Phone
- (212) 477-2265
- Return prepared by
- CBIZ ADVISORS LLC
Mission
THE CORPORATION WAS ESTABLISHED FOR THE PURPOSES OF DEVELOPING AND OPERATING, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME IN NEW YORK CITY WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.
Program accomplishments
- OPERATES A LOW-INCOME HOUSING BUILDING WITH 20 UNITS.Expenses $327,112 · revenue $264,150
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
- 81-1725502
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $3,525,571
- Income (IRS master file)
- $264,150
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $264,150 | $381,456 | $3,525,571 | XML |
| 990 | December 2023 | $242,384 | $353,614 | $3,616,255 | XML |
| 990 | December 2022 | $234,977 | $353,462 | $3,741,842 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 81-1725502).
Questions about MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION is 81-1725502.
- Is MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MADISON STREET 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 MADISON STREET 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 MADISON STREET 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 MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names THOMAS YU.
- Who are the officers and directors of MADISON STREET 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 MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $264,150, expenses of $381,456 and total assets of $3,525,571 at year end.
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