Nonprofit · EIN 85-3326225
641 HOUSING BENEFIT FUND INC
Tax-exempt · UNION, NJ 07083
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $917,928 | $727,585 | $190,343 | $18,883,323 | $0 | $18,883,323 |
| December 31, 2023 | 990 | $758,224 | $523,666 | $234,558 | $18,526,009 | $0 | $18,526,009 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $917,928
- Net gain from sales of assets
- $241,674
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $579,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $24,000
- Accounting fees
- $3,000
- Program services (functional)
- $579,000
- Management and general (functional)
- $148,585
Balance sheet and other
- Total assets, start of year
- $18,526,009
- Total assets, end of year
- $18,883,323
- Total liabilities, end of year
- $0
- Net assets, end of year
- $18,883,323
- Publicly traded securities
- $15,625,011
- Gross receipts
- $15,402,945
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- NJ
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 |
|---|---|---|---|---|---|
| JAMES KILKENNY | DIRECTOR Trustee or director | 1 | $0 | $138,974 | $72,120 |
| MICHAEL MARCHELLO | DIRECTOR Trustee or director | 1 | $0 | $115,476 | $67,389 |
| GARY KANE | DIRECTOR Trustee or director | 1 | $0 | $96,942 | $63,585 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES KILKENNY | DIRECTOR Trustee or director | 1 | $0 | $132,426 | $78,774 |
| MICHAEL MARCHELLO | DIRECTOR Trustee or director | 1 | $0 | $108,708 | $72,781 |
| GARY KANE | DIRECTOR Trustee or director | 1 | $0 | $67,413 | $48,207 |
| CARLOS WONG | DIRECTOR-FORMER Trustee or director | 1 | $0 | $29,386 | $22,978 |
Address and contacts
- Address (IRS master file)
- 714 RAHWAY AVENUE, UNION, NJ 07083-4604
- Mailing address (990-N for 2021)
- 714 Rahway Avenue, Union NJ 07083
- Principal officer (990 for 2024)
- JAMES KILKENNY, 714 RAHWAY AVENUE, UNION, NJ 07083
- Principal officer (990-N for 2021)
- James Kilkenny, 714 Rahway Avenue, Union NJ 07083
- Signed the 990
- JAMES KILKENNY, DIRECTOR
- Phone
- (908) 687-4488
- Return prepared by
- MSPC CPAS & ADVISORS PC
Mission
PROVIDE HOUSING ASSISTANCE TO ELDERLY PERSONS WITH FINANCIAL NEED.
Program accomplishments
- PROVIDE FUNDING TO ELDERLY PERSONS WITH FINANCIAL NEED TO ENABLE THEM TO LIVE WITH DIGNITY AND INDEPENDENCE BY ASSISTING THEM WITH HOUSING RELATED EXPENSES.Expenses $579,000
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
- 85-3326225
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L82)
- Assets (IRS master file)
- $18,883,323
- Income (IRS master file)
- $15,402,945
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $917,928 | $727,585 | $18,883,323 | IRS |
| 990 | December 2023 | $758,224 | $523,666 | $18,526,009 | XML |
| 990 | December 2022 | $18,049,502 | $37,424 | $17,915,611 | IRS |
| 990-N for 2021 Officer: James Kilkenny | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: William Cunningham | December 31, 2020 | ≤ $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 85-3326225).
Questions about 641 HOUSING BENEFIT FUND INC
- What is the EIN of 641 HOUSING BENEFIT FUND INC?
- The employer identification number (EIN) of 641 HOUSING BENEFIT FUND INC is 85-3326225.
- Is 641 HOUSING BENEFIT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2021.
- Are donations to 641 HOUSING BENEFIT FUND INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 641 HOUSING BENEFIT FUND 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 641 HOUSING BENEFIT FUND 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 641 HOUSING BENEFIT FUND 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 641 HOUSING BENEFIT FUND INC?
- The 990 for the year ended December 31, 2024 names JAMES KILKENNY.
- Who are the officers and directors of 641 HOUSING BENEFIT FUND INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does 641 HOUSING BENEFIT FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $917,928, expenses of $727,585 and total assets of $18,883,323 at year end.
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