Lexington Housing Development Fund: Nonprofit Profile, Financials & Form 990 (EIN 02-0532315)

Revenue by fiscal year
FY2020	$660K
FY2021	$624K
FY2022	$566K
FY2023	$764K
FY2024	$657K
FY2025	$272K

Expenses by fiscal year
FY2020	$1.1M
FY2021	$1.1M
FY2022	$1.1M
FY2023	$1.1M
FY2024	$1.2M
FY2025	$486K

Net assets by fiscal year
FY2020	$9.0M
FY2021	$8.5M
FY2022	$8.0M
FY2023	$7.5M
FY2024	$7.0M
FY2025	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

97%

Program services 97% · $470K Management & general 3% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation

Linda Spitzer

Treasurer

$0Pt VII · Sec A

Kenneth Eckstein

Secretary

$0Pt VII · Sec A

Stacey Scheinberg

President

$0Pt VII · Sec A

David Greenfield

CEO

$0Pt VII · Sec A

Elena Sytcheva

Co-Managing Director

$0Pt VII · Sec A

Philip Kibel

CFO

$0Pt VII · Sec A

Robert Newman

COO

$0Pt VII · Sec A

See Lexington Housing Development Fund executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable apartments for seniors and low-income individuals.

Questions for Lexington Housing Development Fund

Tap to ask. Lexington Housing Development Fund sees how many people are interested.

Your first name shows with your question. Lexington Housing Development Fund answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $470K · in their own filed words · FY2025

01

To provide assistance to senior citizen and low income individuals.

$470Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$272K

Ln 12

Fees for servicesLn 2g$208K

Other incomeLn 4–11$58K

Investment incomeLn 3$6K

Money outPt IX

$486K

Ln 25

Programscol B$470K

Managementcol C$17K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$208K

Investment incomeLn 3$6K

Other incomeLn 4–11$58K

Total revenueLn 12$272K

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$0

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderMay

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$477K	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c	$6.2M	$0
Total assetsLn 16	$7.2M	$0
LiabilitiesLn 26	$198K	$0
Net assetsLn 32	$7.0M	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$52K	$35K	$17K
Legal feesLn 11b	$1K	$1K
Other fees for servicesLn 11g	$4K	$4K
Office expensesLn 13	$8K	$8K
OccupancyLn 16	$99K	$99K
Depreciation, depletion and amortizationLn 22	$201K	$201K
Other expenses (24a–d)Ln 24	$120K	$120K
Total functional expensesLn 25	$486K	$470K	$17K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$272K	$486K	−$214K	$0	990 PDF
FY2024	$657K	$1.2M	−$499K	$7.0M	990 PDF
FY2023	$764K	$1.1M	−$349K	$7.5M	990 PDF
FY2022	$566K	$1.1M	−$549K	$8.0M	990 PDF
FY2021	$624K	$1.1M	−$482K	$8.5M	990 PDF
FY2020	$660K	$1.1M	−$405K	$9.0M	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $272,370 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $502,962$208,362

I-10 Investment incomePrior year $21,495$6,497

I-11 Other revenuePrior year $132,227$57,511

I-12 Total revenuePrior year $656,684$272,370

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,155,389$486,377

I-18 Total expensesPrior year $1,155,389$486,377

I-19 Revenue less expensesPrior year −$498,705−$214,007

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $272,370 across 4 lines filed

Lines not itemized here account for $963 of total revenue; see the IRS return.

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $208,362$208,362

VIII-3 Investment incomeExcluded from tax $6,497$6,497

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $56,548$56,548

VIII-12 Total revenueRelated to mission $265,873 · Unrelated business $0 · Excluded from tax $6,497$272,370

Part IX · Statement of functional expenses $486,377 across 7 lines filed

IX-11a Management feesPrograms $35,181 · Management $16,829$52,010

IX-11b Legal feesPrograms $1,375$1,375

IX-11g Other fees for servicesPrograms $4,365$4,365

IX-13 Office expensesPrograms $8,289$8,289

IX-16 OccupancyPrograms $98,880$98,880

IX-22 Depreciation, depletion and amortizationPrograms $201,331$201,331

IX-24 Other expenses (24a–d)Programs $120,127$120,127

IX-25 Total functional expensesPrograms $469,548 · Management $16,829 · Fundraising $0$486,377

Part X · Balance sheet $0 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $100$0

X-2 Savings and temporary cash investmentsStart of year $477,295$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $25,930$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred chargesStart of year $7,039$0

X-10c Land, buildings and equipment, netStart of year $6,152,551$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assetsStart of year $517,578$0

X-16 Total assetsStart of year $7,180,493$0

X-25 Other liabilitiesStart of year $3,425$0

X-26 Total liabilitiesStart of year $197,749$0

X-27 Net assets without donor restrictionsStart of year $6,982,744$0

X-32 Total net assets or fund balancesStart of year $6,982,744$0

X-33 Total liabilities and net assetsStart of year $7,180,493$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$272,370

XI-2 Total expenses$486,377

XI-3 Revenue less expenses−$214,007

XI-4 Net assets at start of year$6,982,744

XI-9 Other changes in net assets−$6,768,737

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Lexington Housing Development Fund

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Lexington Housing Development Fund

By the numbers

Filing history

Schedules filed Part IV