philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Gema Hall Housing Developement Fund Corp

Tax-deductible

New York, NY501(c)(3)HousingEIN 13-3560466Revenue $736K in FY2024

On file with the IRS209 East 118th Street, 10035-4165 · New York, NYTax-exempt since Nov 1990Publicly supported — 509(a)(2)

This page gets seen. Tell your story. Claim this org.

The hdfc operates a 87 unit residential building for persons of low income under an agreement with the city of new york department of Housing preservation and development.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $81K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.0M
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$736K
+1% vs prior year
Spent
$691K
To programs
76%
Net assets
$2.7M
By yearFY2020–FY2024
Revenue
$736K
FY2024▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$862K
FY2021$865K
FY2022$948K
FY2023$728K
FY2024$736K
Expenses
$691K
FY2024▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$759K
FY2021$724K
FY2022$813K
FY2023$747K
FY2024$691K
Net assets
$2.7M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.6M
FY2022$2.7M
FY2023$2.7M
FY2024$2.7M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1990.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $528K Management & general 24% · $163K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Carrie Bloss
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Anne Ficklen
Director
$0Pt VII · Sec A
Matthew Janeczko
CEO (ex-Officio)
$0Pt VII · Sec A
Johanna Kletter
COO (ex-Officio)
$0Pt VII · Sec A
See Gema Hall Housing Developement Fund Corp executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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 15aYes

Programs and updates

Provides affordable housing for low-income individuals in a 87-unit building.

Questions for Gema Hall Housing Developement Fund Corp

Tap to ask. Gema Hall Housing Developement Fund Corp sees how many people are interested.

Your first name shows with your question. Gema Hall Housing Developement Fund Corp answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $528K · in their own filed words · FY2024
01

The HDFC operates a 87 unit residential building for persons of low income under an agreement with the city of new york department of housing preservation and development.

$528Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$736K
Ln 12
Fees for servicesLn 2g$603K
Investment incomeLn 3$126K
Other incomeLn 4–11$7K
Money outPt IX
$691K
Ln 25
Programscol B$528K
Managementcol C$163K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$5.8M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$603K
Investment incomeLn 3$126K
Other incomeLn 4–11$7K
Gains on assetsLn 7−$33
Total revenueLn 12$736K
Assets in detailPt X, end of year
CashLn 1$46K
Cash and savings togetherLn 1–2$46K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$2.7M
Total assetsLn 16$5.8M
LiabilitiesLn 26$3.0M
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember
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
LineStart FY24End FY24
Cash and savingsLn 1–2$54K$46K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$1.3M$1.5M
Total assetsLn 16$5.7M$5.8M
LiabilitiesLn 26$3.0M$3.0M
Net assetsLn 32$2.7M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$80K$52K$29K
Other employee benefitsLn 9$20K$20K
Payroll taxesLn 10$9K$9K
Management feesLn 11a$72K$72K
Legal feesLn 11b$19K$19K
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$34K$34K
OccupancyLn 16$103K$103K
Depreciation, depletion and amortizationLn 22$108K$108K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$208K$202K$6K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$691K$528K$163K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $736K$691K$45K$2.7M 990 PDF
FY2023 $728K$747K−$18K$2.7M 990 PDF
FY2022 $948K$813K$135K$2.7M 990 PDF
FY2021 $865K$724K$141K$2.6M 990 PDF
FY2020 $862K$759K$103K$2.4M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $736,190 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $663,955$603,105
I-10 Investment incomePrior year $60,143$126,226
I-11 Other revenuePrior year $4,398$6,859
I-12 Total revenuePrior year $728,496$736,190
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 $147,604$109,591
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $599,107$581,776
I-18 Total expensesPrior year $746,711$691,367
I-19 Revenue less expensesPrior year −$18,215$44,823
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $736,190 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $603,105$603,105
VIII-3 Investment incomeExcluded from tax $126,259$126,259
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$33−$33
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,859$6,859
VIII-12 Total revenueRelated to mission $609,964 · Unrelated business $0 · Excluded from tax $126,226$736,190
Part IX · Statement of functional expenses $691,367 across 13 lines filed
IX-7 Other salaries and wagesPrograms $51,650 · Management $28,693$80,343
IX-9 Other employee benefitsPrograms $19,919$19,919
IX-10 Payroll taxesPrograms $9,329$9,329
IX-11a Management feesManagement $71,928$71,928
IX-11b Legal feesPrograms $18,894$18,894
IX-11c Accounting feesManagement $21,700$21,700
IX-11g Other fees for servicesPrograms $2,395$2,395
IX-13 Office expensesManagement $34,416$34,416
IX-16 OccupancyPrograms $102,788$102,788
IX-22 Depreciation, depletion and amortizationPrograms $107,811$107,811
IX-23 InsurancePrograms $12,405$12,405
IX-24 Other expenses (24a–d)Programs $202,012 · Management $6,410$208,422
IX-24e All other expensesPrograms $1,017$1,017
IX-25 Total functional expensesPrograms $528,220 · Management $163,147 · Fundraising $0$691,367
Part X · Balance sheet $5,758,920 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $53,759$46,016
X-4 Accounts receivableStart of year $133,091$108,402
X-9 Prepaid expenses and deferred chargesStart of year $41,692$39,451
X-10c Land, buildings and equipment, netStart of year $1,341,215$1,504,183
X-11 Publicly traded securities$1,330,730
X-15 Other assetsStart of year $4,096,542$2,730,138
X-16 Total assetsStart of year $5,666,299$5,758,920
X-17 Accounts payable and accrued expensesStart of year $11,915$49,471
X-25 Other liabilitiesStart of year $108,604$110,451
X-26 Total liabilitiesStart of year $2,995,548$3,034,951
X-27 Net assets without donor restrictionsStart of year $2,670,751$2,723,969
X-32 Total net assets or fund balancesStart of year $2,670,751$2,723,969
X-33 Total liabilities and net assetsStart of year $5,666,299$5,758,920
Part XI · Reconciliation of net assets $2,723,969 net assets at year end
XI-1 Total revenue$736,190
XI-2 Total expenses$691,367
XI-3 Revenue less expenses$44,823
XI-4 Net assets at start of year$2,670,751
XI-5 Net unrealized gains (losses) on investments$8,395
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,723,969

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.