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EIN 47-0976556

KB25 Housing Development Fund Corporation

IRS 501(c) type
501(c)(4)
Num. employees
1
City
New York
State
New York
Year formed
2014
Most recent tax filings
2022-12-01
NTEE code, primary
L21: Public Housing Facilities
Description
KB25 Housing Development Fund Corporation operates a residential building with 56 units at 325 E. 25th Street in Manhattan. Its mission is to provide affordable housing for low and moderate income persons, and it has granted funds to its affiliate organization, Phipps Houses, for the same purpose.
Related structure
KB25 Housing Development Fund Corporation is a subordinate organization under Phipps Houses.
Total revenues
$1,157,387
2022
Total expenses
$1,929,669
2022
Total assets
$14,959,638
2022
Num. employees
1
2022

Program areas at KB25 Housing Development Fund Corporation

KB25 Housing Development Fund Corporation was formed to own and operate a 56 unit residential building at 325 e. 25th street in the borough of manhattan for persons of low and moderate income.
Grant to phipps houses, an affiliate organization under irc 501(c)(4), to be used only for the purpose of promoting affordable Housing.

Grants made by KB25 Housing Development Fund Corporation

GranteeGrant descriptionAmount
Phipps HousesThe Development Or Maintenance of Low-Income Or Affordable Housing on A Tax Exempt Basis.$650,000
Phipps HousesThe Development Or Maintenance of Low-Income Or Affordable Housing on A Tax Exempt Basis.$650,000

Personnel at KB25 Housing Development Fund Corporation

NameTitleCompensation
Adam WeinsteinPresident and Chief Executive Officer$0
Lukeman OgunyinkaTreasurer
Michael WadmanVice President$0
Brian BrickerPast Treasurer$0
James Robert PigottVice President and Secreta / Secretary$0
...and 2 more key personnel

Financials for KB25 Housing Development Fund Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$1,156,547
Investment income and dividends$483
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$357
Total revenues$1,157,387

Form 990s for KB25 Housing Development Fund Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2022-122023-11-06990View PDF
2021-122022-10-24990View PDF
2020-122021-11-12990View PDF
2019-122021-06-24990View PDF
...and 5 more Form 990s

Organizations like KB25 Housing Development Fund Corporation

OrganizationLocationRevenue
63 Thompson Street Housing Development Fund CorporationNew York, NY$410,958
Bowdoin Apartments CorporationMalden, MA$722,395
SchadOwatonna, MN$810,810
Frazier EstatesJoplin, MO$305,810
Martin Luther King Memorial AptsJackson, MS$1,317,469
El Rosario Charitable TrustBrownsville, TX$4,709,069
Lespmha Housing Development Fund CorporationNew York, NY$2,723,188
Berg ManorNorth Versailles, PA$314,346
Phipps Affordable Housing Development Fund CorporationNew York, NY$319,352
La Merced Charitable TrustBrownsville, TX$4,498,919
Data update history
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 10, 2024
Updated personnel
Identified 1 new personnel
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 20, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Housing and shelter organizationsChapter / child organizations
Issues
Human servicesHousing
Characteristics
No characteristics found
General information
Address
902 Broadway 13th Floor
New York, NY 10010
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Phone
(212) 243-9090
IRS details
EIN
47-0976556
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
L21: Public Housing Facilities
NAICS code, primary
62422: Community Housing Services
Parent/child status
Subordinate organization
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