Nonprofit · EIN 83-1511962
90 SANDS HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,962,161 | $22,147,685 | -$13,185,524 | $242,157,565 | $289,151,541 | -$46,993,976 |
| December 31, 2023 | 990 | $6,486,277 | $13,680,275 | -$7,193,998 | $249,528,437 | $283,336,889 | -$33,808,452 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,774,523
- Investment income
- $0
- Other revenue
- $187,638
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,071,576
- Salaries, compensation and benefits (total)
- $1,273,801
- Professional fundraising fees
- $0
- Legal fees
- $175,199
- Accounting fees
- $14,500
- Occupancy
- $1,142,119
- Travel
- $61
- Depreciation
- $6,342,684
- Program services (functional)
- $22,147,685
Balance sheet and other
- Total assets, start of year
- $249,528,437
- Total assets, end of year
- $242,157,565
- Total liabilities, end of year
- $289,151,541
- Net assets, end of year
- -$46,993,976
- Land, buildings and equipment
- $240,016,350
- Net assets without donor restrictions
- -$46,993,976
- Gross receipts
- $8,962,161
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2018
- 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 |
|---|---|---|---|---|---|
| BRENDA ROSEN | PRESIDENT & CEO Trustee or director, Officer | 5.92 | $0 | $641,542 | $14,471 |
| KEVIN MORAN | CHIEF FINANCIAL OFFICER Officer | 5.92 | $0 | $365,675 | $50,231 |
| DAVID BEER | CHAIRMAN & VP Trustee or director, Officer | 8.43 | $0 | $333,921 | $50,111 |
| JUDITH ROSENFELD | SECRETARY Trustee or director, Officer | 8.87 | $0 | $142,608 | $18,423 |
| BEN STACKS | TREASURER Trustee or director, Officer | 0.06 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRENDA ROSEN | PRESIDENT & CEO Trustee or director, Officer | 5.26 | $0 | $629,604 | $13,827 |
| KEVIN MORAN | CHIEF FINANCIAL OFFICER Officer | 5.26 | $0 | $353,041 | $47,221 |
| DAVID BEER | CHAIRMAN & VP Trustee or director, Officer | 8.16 | $0 | $336,867 | $47,221 |
| JUDITH ROSENFELD | SECRETARY Trustee or director, Officer | 8.45 | $0 | $136,282 | $17,273 |
| BEN STACKS | TREASURER Trustee or director, Officer | 0.08 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY 10018-6505
- In care of
- % KEVIN MORAN
- Mailing address (990-N for 2018)
- 505 Eighth Avenue, New York NY 10018
- Principal officer (990 for 2024)
- BRENDA ROSEN, 505 EIGHTH AVE 5TH FL, NEW YORK, NY 10018
- Principal officer (990-N for 2018)
- Khadija ElDachach, 505 Eighth Avenue, New York NY 10018
- Signed the 990
- KEVIN MORAN, CFO
- Phone
- (212) 389-9300
- Website
- WWW.BREAKINGGROUND.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
90 SANDS OPERATES A HOUSING PROJECT THAT PROVIDES HOUSING, ACCESS TO JOBS TRAINING AND EMPLOYMENT SERVICES TO ELIGIBLE YOUNG ADULTS, FORMERLY HOMELESS & LOW INCOME SINGLE ADULTS.
Program accomplishments
- 90 SANDS STREET IS A 29-STORY BUILDING WITH 305 STUDIO UNITS OF SUPPORTIVE HOUSING FOR FORMERLY HOMELESS ADULTS WITH CHRONIC MENTAL ILLNESS AND 202 UNITS FOR LOW- AND MODERATE-INCOME HOUSEHOLDS WITH INCOMES RANGING FROM 30 PERCENT TO 100 PERCENT OF THE AREA MEDIAN INCOME (AMI). ON-SITE SOCIAL SERVICES INCLUDE INDIVIDUALIZED CASE MANAGEMENT, PRIMARY MEDICAL CARE, MENTAL HEALTH SERVICES, VOCATIONAL GUIDANCE, AND BENEFITS COUNSELING. A PORTION OF THE GROUND FLOOR AND CELLAR SPACES WOULD SUPPORT THE COMMUNITY FACILITY AND MANUFACTURING TENANTS.Expenses $22,147,685 · revenue $8,774,523
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
- 83-1511962
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $242,157,565
- Income (IRS master file)
- $8,962,161
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,962,161 | $22,147,685 | $242,157,565 | IRS |
| 990 | December 2023 | $6,486,277 | $13,680,275 | $249,528,437 | XML |
| 990 | December 2022 | $1,094,025 | $7,348,499 | $245,808,774 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Khadija ElDachach | 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 83-1511962).
Questions about 90 SANDS HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of 90 SANDS HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of 90 SANDS HOUSING DEVELOPMENT FUND CORPORATION is 83-1511962.
- Is 90 SANDS HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to 90 SANDS HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 90 SANDS 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 90 SANDS 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 90 SANDS 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 90 SANDS HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names BRENDA ROSEN.
- Who are the officers and directors of 90 SANDS 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 90 SANDS HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,962,161, expenses of $22,147,685 and total assets of $242,157,565 at year end.
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