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Nonprofit · EIN 82-1238754

FREEPORT COMMUNITY DEVELOPMENT INC

Tax-exempt · FREEPORT, NY 11520

Financials

$101K$120K2024
Revenue Expenses · by fiscal year end
Financials of FREEPORT COMMUNITY DEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
October 31, 2025990$101,250$120,329-$19,079$333,900$0$333,900
Financial details: 990 for the year ended October 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$101,250
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$45,558
Compensation of officers, directors and key employees
$15,000
Salaries, compensation and benefits (total)
$15,000
Professional fundraising fees
$0
Legal fees
$2,325
Accounting fees
$3,850
Program services (functional)
$120,329

Balance sheet and other

Total assets, start of year
$352,979
Total assets, end of year
$333,900
Total liabilities, end of year
$0
Net assets, end of year
$333,900
Gross receipts
$101,250
Employees
0
Volunteers
0
Year formed
2017
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 October 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
JOSEPH CATTANOPRESIDENT/DIRECTOR
Trustee or director, Officer
1$3,000
DAVID E JONESVICE PRESIDENT/DIRECTOR
Trustee or director, Officer
1$2,400
ROBERT BATTELLIDIRECTOR
Trustee or director
1$2,400
MICHAEL SMITHDIRECTOR
Trustee or director
1$2,400
THOMAS CUSANELLIDIRECTOR
Trustee or director
1$2,400
JEFFREY GABELTREASURER/DIRECTOR
Trustee or director, Officer
1$2,400
JOADY B FEINER ESQSECRETARY (PRO-TEM)
Officer
1$0

Address and contacts

Address (IRS master file)
100 NORTH MAIN STREET, FREEPORT, NY 11520-2237
Principal officer (990 for 2024)
JOSEPH CATTANO, 36 EAST WOODBINE DRIVE, FREEPORT, NY 11520
Signed the 990
JOSEPH CATTANO, PRESIDENT
Phone
(516) 375-3907
Return prepared by
POMERICO & KOHN CPA'S LLP

Mission

THE CORPORATION IS FORMED FOR THE PURPOSE OF CONDUCTING ACTIVITIES WHICH ARE EXCLUSIVELY CHARITABLE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954, AS MAY BE AMENDED FROM TIME TO TIME, (SEE SCHEDULE O, PAGE 23 FOR CONTINUATION) FOR THE RELIEF OF THE POOR, DISTRESSED AND UNDERPRIVILEDGED, AND PROMOTION OF SOCIAL WELFARE TO LESSEN COMMUNITY TENSION, ELIMINATE PREJUDICE AND DISCRIMINATION AND COMBAT COMMUNITY DETERIORATION. THEREFORE, THE CORPORATION'S MISSION IS TO ACHIEVE, ON A NOT-FOR-PROFIT BASIS, DECENT AFFORDABLE HOUSING AND RELATED COMMUNITY SERVICES, PROGRAMS AND FACILITIES SPECIFICALLY DESIGNED TO MEET THE NEEDS AND REQUIREMENTS OF LOW INCOME INDIVIDUALS, FAMILIES AND SENIORS.

990 for the year ended October 31, 2025

Program accomplishments

  • THE TAX EXEMPT ORGANIZATION WAS SUCCESSFUL IN PREVIOUSLY CLOSING ON AN IDENTIFIED AFFORDABLE HOUSING PROJECT AND RECEIVED ITS AGREED UPON ADDITIONAL DEVELOPMENT FEE DURING THE CURRENT FISCAL YEAR. THE ORGANIZATION IS NOW IN THE INITIAL PHASE OF IDENTIFYING ITS NEXT AFFORDABLE HOUSING PROJECT.
    Expenses $120,329 · grants $45,558 · revenue $101,250

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 October, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2024October 31, 2025March 16, 2026990 on file
2023October 31, 2024March 17, 2025990 on file
2022October 31, 2023March 15, 2024990 on file

IRS record

EIN
82-1238754
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
2018
Accounting year ends
October
Files
Form 990 or 990-EZ
Assets (IRS master file)
$333,900
Income (IRS master file)
$101,250

Filing history

FormYear endedRevenueExpensesAssetsReturn
990October 2025–––IRS
990October 2024–––IRS
990October 2023$70,000$183,864$370,740IRS
990October 2022$75,000$155,602$484,604IRS
990October 2021–––IRS
990October 2020–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about FREEPORT COMMUNITY DEVELOPMENT INC

What is the EIN of FREEPORT COMMUNITY DEVELOPMENT INC?
The employer identification number (EIN) of FREEPORT COMMUNITY DEVELOPMENT INC is 82-1238754.
Is FREEPORT COMMUNITY DEVELOPMENT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to FREEPORT COMMUNITY DEVELOPMENT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FREEPORT COMMUNITY DEVELOPMENT 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 FREEPORT COMMUNITY DEVELOPMENT INC due?
The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FREEPORT COMMUNITY DEVELOPMENT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended October 2025.
Who is the principal officer of FREEPORT COMMUNITY DEVELOPMENT INC?
The 990 for the year ended October 31, 2025 names JOSEPH CATTANO.
Who are the officers and directors of FREEPORT COMMUNITY DEVELOPMENT INC?
The 990 for the year ended October 31, 2025 lists 7 people; 6 received compensation from the organization, the highest $3,000 (JOSEPH CATTANO, PRESIDENT/DIRECTOR).
How much revenue does FREEPORT COMMUNITY DEVELOPMENT INC have?
On its 990 for the year ended October 31, 2025 it reported revenue of $101,250, expenses of $120,329 and total assets of $333,900 at year end.

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