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Extra Place Housing Development Fund Corporation

Not tax-deductible

New York, NY501(c)(4)Housing EIN 20-1295462Revenue $1.3M in FY2024Latest return filed Nov 15, 2025

On file with the IRSNew York, NYTax-exempt since Aug 2013

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Extra Place Housing Development Fund Corporation was formed in february 2004 to acquire, develop and operate a Housing project, a qualified low-income Housing project.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
91¢ 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)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 2
filings with a surplus
Average surplus $74K a year · 6% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.2M
104% of total assets
Concern: liabilities are 104% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-2% vs prior year
Spent
$1.2M
To programs
91%
Net assets
−$189K
By yearFY2023–FY2024
Revenue
$1.3M
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2023$1.3M
FY2024$1.3M
Expenses
$1.2M
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2023$1.2M
FY2024$1.2M
Net assets
−$189K
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2023−$212K
FY2024−$189K

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 Aug 2013.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $1.1M Management & general 9% · $109K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Adam Weinstein
President/CEO
$0Pt VII · Sec A
James Robert Pigott JR
Vice President and Secreta
$0Pt VII · Sec A
$0Pt VII · Sec A
Matthew Kelly
Outgoing Vice President
$0Pt VII · Sec A
Michael Wadman
Vice President
$0Pt VII · Sec A
See Extra Place Housing Development Fund Corporation executive salaries →

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

Develops and operates housing projects for low-income individuals.

Questions for Extra Place Housing Development Fund Corporation

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1 program · $1.1M · in their own filed words · FY2024
01

Extra place housing development fund corporation was formed to own and operate a 42 unit residential building in the borough of manhattan for persons of low and moderate income.

$1.1Mprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.2M
Other incomeLn 4–11$15K
Investment incomeLn 3$4K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$109K
Owns and owesPt X
−$189K
net assets · Ln 32
Cash and savingsLn 1–2$140K
Total assetsLn 16$5.0M
LiabilitiesLn 26$5.2M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$4K
Other incomeLn 4–11$15K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$105K
SavingsLn 2$34K
Cash and savings togetherLn 1–2$140K
Accounts receivableLn 4$269K
Prepaid expenses and deferred chargesLn 9$273K
Land, buildings, equipmentLn 10c$4.3M
Intangible assetsLn 14$9K
Total assetsLn 16$5.0M
LiabilitiesLn 26$5.2M
Net assetsLn 32−$189K
OperationsPt I, VI
EmployeesI 50
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$330K$140K
Land, buildings, equipmentLn 10c$4.8M$4.3M
Total assetsLn 16$5.5M$5.0M
LiabilitiesLn 26$5.7M$5.2M
Net assetsLn 32−$212K−$189K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$52K$52K
Pension plan contributionsLn 8$4K$4K
Other employee benefitsLn 9$21K$21K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$91K$91K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$7K$7K
Office expensesLn 13$20K$20K
OccupancyLn 16$341K$341K
InterestLn 20$111K$111K
Depreciation, depletion and amortizationLn 22$463K$463K
InsuranceLn 23$32K$32K
Other expenses (24a–d)Ln 24$60K$60K
Total functional expensesLn 25$1.2M$1.1M$109K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 15, 2025 $1.3M$1.2M$23K−$189K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $1.3M$1.2M$125K−$212K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,250,871 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,249,757$1,231,998
I-10 Investment incomePrior year $1,092$4,014
I-11 Other revenuePrior year $25,208$14,859
I-12 Total revenuePrior year $1,276,057$1,250,871
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 $81,325$82,827
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,069,914$1,145,054
I-18 Total expensesPrior year $1,151,239$1,227,881
I-19 Revenue less expensesPrior year $124,818$22,990
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $1,250,871 across 4 lines filed
Lines not itemized here account for $7,772 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,231,998$1,231,998
VIII-3 Investment incomeExcluded from tax $4,014$4,014
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,087$7,087
VIII-12 Total revenueRelated to mission $1,246,857 · Unrelated business $0 · Excluded from tax $4,014$1,250,871
Part IX · Statement of functional expenses $1,227,881 across 14 lines filed
IX-7 Other salaries and wagesPrograms $51,960$51,960
IX-8 Pension plan contributionsPrograms $4,289$4,289
IX-9 Other employee benefitsPrograms $21,273$21,273
IX-10 Payroll taxesPrograms $5,305$5,305
IX-11a Management feesManagement $91,038$91,038
IX-11b Legal feesPrograms $1,031$1,031
IX-11c Accounting feesManagement $18,355$18,355
IX-11g Other fees for servicesPrograms $6,934$6,934
IX-13 Office expensesPrograms $20,493$20,493
IX-16 OccupancyPrograms $340,745$340,745
IX-20 InterestPrograms $110,789$110,789
IX-22 Depreciation, depletion and amortizationPrograms $463,478$463,478
IX-23 InsurancePrograms $32,486$32,486
IX-24 Other expenses (24a–d)Programs $59,705$59,705
IX-25 Total functional expensesPrograms $1,118,488 · Management $109,393 · Fundraising $0$1,227,881
Part X · Balance sheet $5,038,628 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $295,601$105,422
X-2 Savings and temporary cash investmentsStart of year $34,205$34,285
X-4 Accounts receivableStart of year $153,773$269,442
X-9 Prepaid expenses and deferred chargesStart of year $211,063$273,097
X-10c Land, buildings and equipment, netStart of year $4,789,003$4,347,875
X-14 Intangible assetsStart of year $11,160$8,507
X-16 Total assetsStart of year $5,494,805$5,038,628
X-17 Accounts payable and accrued expensesStart of year $432,507$162,687
X-21 Escrow or custodial accountsStart of year $34,205$34,285
X-23 Secured mortgages and notes payableStart of year $5,232,715$5,030,581
X-25 Other liabilitiesStart of year $7,500$0
X-26 Total liabilitiesStart of year $5,706,927$5,227,553
X-27 Net assets without donor restrictionsStart of year −$212,122−$188,925
X-32 Total net assets or fund balancesStart of year −$212,122−$188,925
X-33 Total liabilities and net assetsStart of year $5,494,805$5,038,628
Part XI · Reconciliation of net assets −$188,925 net assets at year end
XI-1 Total revenue$1,250,871
XI-2 Total expenses$1,227,881
XI-3 Revenue less expenses$22,990
XI-4 Net assets at start of year−$212,122
XI-9 Other changes in net assets$207
XI-10 Net assets at end of year−$188,925

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

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