Nonprofit · EIN 86-3966436
ARVERNE EAST PHASE 1 AND PHASE 2 INC
Tax-exempt · NEW YORK, NY 10001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $39,446,704 | $0 | $39,446,704 | $82,971,547 | $13,926,509 | $69,045,038 |
| December 31, 2023 | 990 | $6,926,321 | $0 | $6,926,321 | $43,398,332 | $13,799,998 | $29,598,334 |
| December 31, 2022 | 990 | $22,872,013 | $200,000 | $22,672,013 | $36,472,011 | $13,799,998 | $22,672,013 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $39,446,704
- of which government grants
- $39,446,704
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $43,398,332
- Total assets, end of year
- $82,971,547
- Total liabilities, end of year
- $13,926,509
- Net assets, end of year
- $69,045,038
- Land, buildings and equipment
- $52,999,738
- Net assets without donor restrictions
- $69,045,038
- Gross receipts
- $39,446,704
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2021
- 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 |
|---|---|---|---|---|---|
| JAMIE SMARR | PRESIDENT & CEO Trustee or director, Officer | 1 | $0 | $402,959 | $41,265 |
| THERESA OMANSKY | SECRETARY Officer | 1 | $0 | $271,157 | $34,673 |
| ADAM GOLD | TREASURER Officer | 1 | $0 | $227,985 | $35,584 |
| NADJA ALVARADO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $116,981 | $41,228 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMIE SMARR | PRESIDENT & CEO Trustee or director, Officer | 1 | $0 | $341,154 | $40,688 |
| SHELIA MARTIN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $240,432 | $37,095 |
| THERESA OMANSKY | SECRETARY Officer | 1 | $0 | $211,022 | $30,706 |
| ADAM GOLD | TREASURER Officer | 1 | $0 | $173,746 | $30,749 |
| ESTHER TOROPOVSKY | VICE PRESIDENT THRU 9/30/23 Trustee or director, Officer | 1 | $0 | $151,484 | $10,128 |
| NADJA ALVARADO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $86,506 | $36,304 |
990 for the year ended December 31, 2022: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHELIA MARTIN | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $286,412 | $46,209 |
| ESTHER TOROPOVSKY | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $209,364 | $14,371 |
| ADAM GOLD | TREASURER Trustee or director, Officer | 0.1 | $0 | $181,730 | $27,853 |
| JAMIE SMARR | PRESIDENT Trustee or director, Officer | 0.1 | $0 | $139,427 | $13,569 |
| THERESA OMANSKY | SECRETARY Trustee or director, Officer | 0.1 | $0 | $137,683 | $13,242 |
| JEANNE DUPONT | DIRECTOR THRU DEC. 2022 Trustee or director | 1 | $0 | $91,667 | $0 |
| CAROL LAMBERG | DIRECTOR THRU DEC. 2022 Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER ZEPPIE | DIRECTOR THRU DEC. 2022 Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 253 WEST 35TH STREET 3RD FLOOR, NEW YORK, NY 10001-1913
- Mailing address (990-N for 2021)
- 253 WEST 35TH STREET 3RD FLOOR, NEW YORK NY 100011913
- Principal officer (990 for 2024)
- ADAM GOLD, 253 WEST 35TH STREET 3RD FLOOR, NEW YORK, NY 100011913
- Principal officer (990-N for 2021)
- ADAM GOLD, 253 WEST 35TH STREET 3RD FLOOR, NEW YORK NY 100011913
- Signed the 990
- ADAM GOLD, TREASURER
- Phone
- (646) 217-3370
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF HOUSING PARTNERSHIP DEVELOPMENT CORPORATION.
Program accomplishments
- THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF HOUSING PARTNERSHIP DEVELOPMENT CORPORATION. IN ORDER TO FULFILL ITS MISSION, THE ORGANIZATION COORDINATED ACTIVITIES FOR THE IMPROVEMENT OF THE WATERFRONT COMMUNITY IN FAR ROCKAWAY, NEW YORK. THE ORGANIZATION IS CURRENTLY WORKING ON A TEN YEAR PROJECT THAT INVOLVES THE FOLLOWING: 1. RENTAL AND HOMEOWNERSHIP OPPORTUNITIES FOR ALL, RANGING FROM THE FORMERLY HOMELESS TO LOW, MODERATE, MIDDLE, AND MARKET RATE HOUSEHOLDS.2. OVER 60 ACRES OF OUTDOOR RECREATION SPACE PROGRAMMED WITH A VARIETY OF ACTIVE AND PASSIVE USES.3. RETAIL AND COMMUNITY FACILITY SPACE DRIVEN BY LOCAL NEEDS AND SUPPORTING LOCAL JOBS AND BUSINESSES.4. LOCAL JOB CREATION FOR CONSTRUCTION TRADES, GREEN INFRASTRUCTURE, AGRICULTURE, BUILDING MAINTENANCE, AND CULINARY INDUSTRIES, PLUS OPPORTUNITIES FOR JOB TRAINING PROGRAMS ACROSS SECTORS.5. A COMMUNITY BUILT WITH RESILIENT AND SUSTAINABLE DESIGN FEATURES THAT PROACTIVELY COMBATS FUTURE IMPACTS OF CLIMATE CHANGE WHILE INTEGRATING STATEOFTHEART METHODS TO OPTIMIZE ENERGY EFFICIENCY.
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
- 86-3966436
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N32)
- Assets (IRS master file)
- $82,971,547
- Income (IRS master file)
- $39,446,704
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $39,446,704 | $0 | $82,971,547 | XML |
| 990 | December 2023 | $6,926,321 | $0 | $43,398,332 | XML |
| 990 | December 2022 | $22,872,013 | $200,000 | $36,472,011 | XML |
| 990-N for 2021 Officer: ADAM GOLD | December 31, 2021 | ≤ $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 86-3966436).
Questions about ARVERNE EAST PHASE 1 AND PHASE 2 INC
- What is the EIN of ARVERNE EAST PHASE 1 AND PHASE 2 INC?
- The employer identification number (EIN) of ARVERNE EAST PHASE 1 AND PHASE 2 INC is 86-3966436.
- Is ARVERNE EAST PHASE 1 AND PHASE 2 INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to ARVERNE EAST PHASE 1 AND PHASE 2 INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does ARVERNE EAST PHASE 1 AND PHASE 2 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 ARVERNE EAST PHASE 1 AND PHASE 2 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 ARVERNE EAST PHASE 1 AND PHASE 2 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 ARVERNE EAST PHASE 1 AND PHASE 2 INC?
- The 990 for the year ended December 31, 2024 names ADAM GOLD.
- Who are the officers and directors of ARVERNE EAST PHASE 1 AND PHASE 2 INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does ARVERNE EAST PHASE 1 AND PHASE 2 INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $39,446,704, expenses of $0 and total assets of $82,971,547 at year end.
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