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Nonprofit · EIN 81-1808995

1109 MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION

Tax-exempt · BROOKLYN, NY 11207

Financials

$180K$579K2024
Revenue Expenses · by fiscal year end
Financials of 1109 MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$179,670$579,413-$399,743$422,710$4,535,104-$4,112,394
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$176,790
Investment income
$1,560
Other revenue
$1,320

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$35,187
Salaries, compensation and benefits (total)
$37,814
Professional fundraising fees
$0
Legal fees
$3,970
Accounting fees
$9,000
Depreciation
$54,751
Program services (functional)
$540,357
Management and general (functional)
$39,056

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$422,710
Total liabilities, end of year
$4,535,104
Net assets, end of year
-$4,112,394
Land, buildings and equipment
$21,104
Net assets without donor restrictions
-$4,112,394
Gross receipts
$179,670
Employees
2
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.

NameTitleHours / weekCompensation
CLYDE BAYNEPRESIDENT
Trustee or director, Officer
12$0
ESTER EZZELLTREASURER
Trustee or director, Officer
5$0
STANLEY HENRYSECRETARY
Trustee or director, Officer
4$0
NEVILLE JOLLYVICE PRESIDENT
Trustee or director, Officer
22$0
JACQUELINE MCGOWERNMEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
15 ELDERT ST, BROOKLYN, NY 11207-1011
In care of
% BICAC HDFC
Principal officer (990 for 2024)
CLYDE BAYNE, 15 ELDERT STREET, BROOKLYN, NY 11201
Signed the 990
CLYDE BAYNE, PRESIDENT
Phone
(347) 909-1809
Return prepared by
JACKSON FRIDAY CPA LLC

Mission

CONSTRUCTION AND OPERATION OF HOMELESS FAMILY HOUSING PROJECT

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDES 18 HOUSING UNITS FOR HOMELESS INDIVIDUALS IN BROOKLYN, NEW YORK.
    Expenses $540,357

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, 2024Check at the IRS

File the 2025 990-EZ for 1109 MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
81-1808995
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$422,710
Income (IRS master file)
$179,670

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$179,670$579,413$422,710IRS

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 81-1808995).

Questions about 1109 MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION

What is the EIN of 1109 MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION?
The employer identification number (EIN) of 1109 MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION is 81-1808995.
Is 1109 MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to 1109 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 1109 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 1109 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 1109 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 1109 MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION?
The 990 for the year ended December 31, 2024 names CLYDE BAYNE.
Who are the officers and directors of 1109 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 1109 MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $179,670, expenses of $579,413 and total assets of $422,710 at year end.

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