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Nonprofit · EIN 82-3595330

ACACIA REAL ESTATE DEVELOPMENT INC

Tax-exempt · BRONX, NY 10457

Financials

$2.3M$109K2023$219K$300K2024
Revenue Expenses · by fiscal year end
Financials of ACACIA REAL ESTATE DEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$218,550$299,978-$81,428$7,519,570$3,517,475$4,002,095
December 31, 2023990$2,345,603$108,711$2,236,892$5,959,008$1,875,485$4,083,523
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$218,550
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$54,085
Program services (functional)
$2,177
Management and general (functional)
$297,801

Balance sheet and other

Total assets, start of year
$5,959,008
Total assets, end of year
$7,519,570
Total liabilities, end of year
$3,517,475
Net assets, end of year
$4,002,095
Land, buildings and equipment
$923,219
Net assets without donor restrictions
$4,002,095
Gross receipts
$218,550
Employees
0
Volunteers
5
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Raul RussiPresident
Officer
0$0$896,597$101,830
Lymaris AlborsChief Executive Officer
Officer
0$0$836,684$56,068
Jose R RodriguezChief legal officer/exec VP
Officer
0$0$562,331$30,262
Vicky GatellChief Financial Officer
Officer
0$0$442,213$46,781
Eliezer Rodriguez EsqCHAIR
Trustee or director, Officer
1$0$0$0
Carmen S MeleroVice Chair
Trustee or director, Officer
1$0$0$0
Gilbert HernandezSecretary
Trustee or director, Officer
1$0$0$0
Marybeth HotalingTreasurer
Trustee or director, Officer
1$0$0$0
Arnie SegarraBoard Member
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Raul RussiPresident
Officer
0$0$909,372$70,634
Lymaris AlborsChief Executive Officer
Officer
0$0$803,886$39,079
Jose R RodriguezChief legal officer/exec VP
Officer
0$0$602,553$37,083
Vicky GatellChief Financial Officer
Officer
0$0$454,869$42,707
Eliezer Rodriguez EsqCHAIR
Trustee or director, Officer
1$0$0$0
Carmen S MeleroVice Chair
Trustee or director, Officer
1$0$0$0
Gilbert HernandezSecretary
Trustee or director, Officer
1$0$0$0
Marybeth HotalingTreasurer
Trustee or director, Officer
1$0$0$0
Arnie SegarraBoard Member
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
300 E 175TH ST, BRONX, NY 10457-5833
In care of
% STEVE KADIN
Mailing address (990-N for 2018)
300 EAST 175TH STREET, BRONX NY 10457
Principal officer (990 for 2024)
RAUL RUSSI, 300 East 175th Street, Bronx, NY 10457
Principal officer (990-N for 2018)
Milton DeRienzo, 300 East 175th Street, Bronx NY 10457
Signed the 990
RAUL RUSSI, President
Phone
(718) 299-1100
Return prepared by
WithumSmithBrown PC

Mission

TO ENGAGE IN COMMUNITY AND ECONOMIC DEVELOPMENT ACTIVITIES BY DEVELOPING HOUSING ACCOMMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME.

990 for the year ended December 31, 2024

Program accomplishments

  • to engage in community and economic development activities by developing housing accommodations for persons and families of low income and the undertakING OF activities necessary for the development of such housing accommodations including without limitation the undertaking of construction, securing financing, obtaining equity funding through federal, state or local tax credits, securing governmental approvals and commitment, providing property management and leasing and entering into joint ventures with third parties.
    Expenses $2,177 · revenue $218,550

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, 2024990 on file

IRS record

EIN
82-3595330
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
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,519,570
Income (IRS master file)
$218,550

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$218,550$299,978$7,519,570XML
990December 2023$2,345,603$108,711$5,959,008XML
990December 2022$1,182,964$125,666$2,799,721IRS
990December 2021–––IRS
990December 2020–––IRS
990-N for 2018
Officer: Milton DeRienzo
December 31, 2018≤ $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 82-3595330).

Questions about ACACIA REAL ESTATE DEVELOPMENT INC

What is the EIN of ACACIA REAL ESTATE DEVELOPMENT INC?
The employer identification number (EIN) of ACACIA REAL ESTATE DEVELOPMENT INC is 82-3595330.
Is ACACIA REAL ESTATE DEVELOPMENT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to ACACIA REAL ESTATE DEVELOPMENT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ACACIA REAL ESTATE 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 ACACIA REAL ESTATE DEVELOPMENT 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 ACACIA REAL ESTATE DEVELOPMENT 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 ACACIA REAL ESTATE DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 names RAUL RUSSI.
Who are the officers and directors of ACACIA REAL ESTATE DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does ACACIA REAL ESTATE DEVELOPMENT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $218,550, expenses of $299,978 and total assets of $7,519,570 at year end.

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