EIN 26-4577399

Restoring Urban Neighborhoods LLC

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2009
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Preserving and creating, on a non-profit basis, housing projects for persons of low and moderate income. Through the purchase of defaulting mortgage notes, it seeks to prevent and eliminate blight and foster the stabilization of communities throughout...
Related structure
Restoring Urban Neighborhoods LLC is a subordinate organization under Local Initiatives Support Corporation.
Total revenues
$-50,692
2023
Total expenses
$796,385
2023
Total assets
$19,525,581
2023
Num. employees
0
2023

Program areas at Restoring Urban Neighborhoods LLC

The corporation is organized exclusively for the purpose of preserving and creating, on a nonprofit basis, housing projects for persons of low and moderate income. During the year, the organization continued the rehabilitation of 19 homes for sale to income qualified first-time homebuyers.

Who funds Restoring Urban Neighborhoods LLC

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Restored Homes Housing Development Fund CorporationAffordable Housing$218,100

Personnel at Restoring Urban Neighborhoods LLC

NameTitleCompensation
Salvatore D'AvolaAssistant Secretary$0
Colin CotterProgram Director - Resilient Small Homes
Francesco MollicaDirector of Construction
Amy HolodakSenior Project Manager
Andrew ThomasProject Manager
...and 1 more key personnel

Financials for Restoring Urban Neighborhoods LLC

RevenuesFYE 12/2023
Total grants, contributions, etc.$565,600
Program services$0
Investment income and dividends$143,463
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-759,755
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$-50,692

Form 990s for Restoring Urban Neighborhoods LLC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-30990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-11990View PDF
2019-122021-02-24990View PDF
...and 10 more Form 990s
Data update history
January 12, 2025
Received grants
Identified 1 new grant, including a grant for $218,100 from Restored Homes Housing Development Fund Corporation
January 10, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 8, 2025
Updated personnel
Identified 5 new personnel
October 12, 2024
Updated personnel
Identified 6 new personnel
January 16, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Housing and shelter organizationsChapter / child organizationsCharities
Issues
Human servicesHousing
Characteristics
LobbyingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
150 Broadway 2101
New York, NY 10038
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
neighborhoodrestore.org/ 
Phone
(212) 584-8981
IRS details
EIN
26-4577399
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L25: Housing Rehabilitation
NAICS code, primary
62422: Community Housing Services
Parent/child status
Subordinate organization
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