Nonprofit · EIN 99-3106866
345 OVINGTON AVENUE HOUSING DEVELOP MENT FUND CORPORATION
Tax-exempt · NEW YORK, NY 10002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $181,652 | $168,132 | $13,520 | $13,116,431 | $13,102,911 | $13,520 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $176,400
- Investment income
- $0
- Other revenue
- $5,252
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $85,304
- Program services (functional)
- $168,132
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $13,116,431
- Total liabilities, end of year
- $13,102,911
- Net assets, end of year
- $13,520
- Land, buildings and equipment
- $13,024,640
- Net assets without donor restrictions
- $13,520
- Gross receipts
- $181,652
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2024
- 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 |
|---|---|---|---|---|---|
| THOMAS YU | PRESIDENT/ED Trustee or director, Officer | 1 | $0 | $284,107 | $61,872 |
| HUI-YUAN NELSON CHAN | TREASURER/MANG. DIR. OF REAL ESTATE Trustee or director, Officer | 1 | $0 | $206,467 | $64,387 |
| HSUEH LAM YAN | SECRETARY/DIR. ASSET & PROP. MGT. Trustee or director, Officer | 1 | $0 | $193,724 | $26,543 |
| MY T CHANG | VP/CHIEF OF STAFF Trustee or director, Officer | 1 | $0 | $199,435 | $9,430 |
| JOY SUZZANE | CHIEF ACCOUNTING OFFICER (OUTGOING) Officer | 1 | $0 | $175,272 | $21,446 |
Address and contacts
- Address (IRS master file)
- 108 NORFOLK STREET, NEW YORK, NY 10002-3313
- Principal officer (990 for 2024)
- THOMAS YU, 108 NORFOLK STREET, NEW YORK, NY 10002
- Signed the 990
- THOMAS YU, EXECUTIVE DIRECTOR
- Phone
- (212) 358-9925
- Return prepared by
- CBIZ ADVISORS LLC
Mission
PARTNERSHIP WITH NEW YORK STATE ATTORNEY GENERAL, NEW YORK HOMES AND COMMUNITY RENEWAL (HCR) AND THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT (HPD), STABILIZATION OF A 23 UNITS RESIDENTIAL BUILDING IN BAY RIDGE, BROOKLYN. THE CURRENT RESIDENTS ARE ON THEIR WAY TO BECOMING HOMEOWNERS AS AN AFFORDABLE CO-OP.
Program accomplishments
- PARTNERSHIP WITH NEW YORK STATE ATTORNEY GENERAL, NEW YORK HOMES AND COMMUNITY RENEWAL (HCR) AND THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT (HPD), STABILIZATION OF A 23 UNITS RESIDENTIAL BUILDING IN BAY RIDGE, BROOKLYN. THE CURRENT RESIDENTS ARE ON THEIR WAY TO BECOMING HOMEOWNERS AS AN AFFORDABLE CO-OP.Expenses $168,132 · revenue $181,652
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 | Check at the IRS |
IRS record
- EIN
- 99-3106866
- 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
- 2026
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $13,116,431
- Income (IRS master file)
- $181,652
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $181,652 | $168,132 | $13,116,431 | IRS |
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 99-3106866).
Questions about 345 OVINGTON AVENUE HOUSING DEVELOP MENT FUND CORPORATION
- What is the EIN of 345 OVINGTON AVENUE HOUSING DEVELOP MENT FUND CORPORATION?
- The employer identification number (EIN) of 345 OVINGTON AVENUE HOUSING DEVELOP MENT FUND CORPORATION is 99-3106866.
- Is 345 OVINGTON AVENUE HOUSING DEVELOP MENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2026.
- Are donations to 345 OVINGTON AVENUE HOUSING DEVELOP MENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does 345 OVINGTON AVENUE HOUSING DEVELOP MENT 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 345 OVINGTON AVENUE HOUSING DEVELOP MENT 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 345 OVINGTON AVENUE HOUSING DEVELOP MENT 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 345 OVINGTON AVENUE HOUSING DEVELOP MENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names THOMAS YU.
- Who are the officers and directors of 345 OVINGTON AVENUE HOUSING DEVELOP MENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does 345 OVINGTON AVENUE HOUSING DEVELOP MENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $181,652, expenses of $168,132 and total assets of $13,116,431 at year end.
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