The Disability Fund INC

Tax-deductible

Rockville Centre, NY501(c)(3)Since 2007Human ServicesEIN 26-0283588Revenue $8.7M in FY2025

On file with the IRSthedof.org265 Sunrise Highway, 11570-4912 · Rockville Centre, NYTax-exempt since Mar 2008Publicly supported charity — 170(b)(1)(A)(vi)

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To foster positive community development for people with disabilities and their families.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 12 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $1.3M a year · 19% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$513K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $2.5M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$48.3M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
11
of 13 voting members
Looks good: 11 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.7M
+5% vs prior year
Spent
$7.8M
To programs
95%
Net assets
$17.7M
By yearFY2020–FY2025
Revenue
$8.7M
FY2025▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.5M
FY2021$6.0M
FY2022$4.9M
FY2023$8.1M
FY2024$8.3M
FY2025$8.7M
Expenses
$7.8M
FY2025▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.5M
FY2021$3.7M
FY2022$5.4M
FY2023$6.5M
FY2024$5.8M
FY2025$7.8M
Net assets
$17.7M
FY2025▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.5M
FY2021$14.6M
FY2022$14.1M
FY2023$15.7M
FY2024$17.6M
FY2025$17.7M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2008.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $7.5M Management & general 3% · $222K Fundraising 2% · $131K

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

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Who runs it and what they're paid

13 people listed on the 990; $513K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$512,557Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Charles D Hammerman’s $513K as President & CEO is at the 100th percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Charles D Hammerman$512,557$537,055$488,214$458,414$447,413$362,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Disability Fund INC executive salaries →

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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
  • Loans to or from officersSch L · Pt II5 listed

Programs and updates

Provides loans and technical assistance to individuals and organizations developing affordable housing, schools, and vocational training centers for people with disabilities nationwide.

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Provided by the organization

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1 program · $7.5M · in their own filed words · FY2025
01

Community development financial institution (cdfi) providing technical and financial services to individuals and organizations servingthe disability market throughout the united states, with a focus on affordable housing, schools and vocational training centers.

$7.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$2.5M
See all 3 funders →
Grants paid · 246 grants · $10.9M · 2020–2025
The Schoolhouse HotelFY2025$812,390
Rebuild Metro INCMD · FY2025$272,839
241 Shore Road LLCFY2025$100,000
Dif Management I LLCFY2025$80,000
Impact Assets INCMD · FY2025$75,000
Epic Medical Services PCNY · FY2025$70,300
Enabled IntelligenceFY2025$50,000
Jbi International INCNY · FY2025$46,920
Triple a & C InvestmentsFY2025$45,000
Individual RecipientFY2025$40,000
SitelintFY2025$25,000
Just Capital Access INCPA · FY2025$25,000
PTA New York CongressNY · FY2025$20,000
Trillium Collective LtdWV · FY2025$20,000
GofundmeorgCA · FY2025$18,470
See all 246 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$8.7M
Ln 12
Gifts and grantsLn 1h$5.3M
Investment incomeLn 3$1.9M
Fees for servicesLn 2g$1.5M
Money outPt IX
$7.8M
Ln 25
Programscol B$7.5M
Managementcol C$222K
Fundraisingcol D$131K
Owns and owesPt X
$17.7M
net assets · Ln 32
Cash and savingsLn 1–2$8.9M
Total assetsLn 16$66.0M
LiabilitiesLn 26$48.3M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.3M
Government grantsLn 1e$5.0M
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$1.9M
Other incomeLn 4–11$10K
Gains on assetsLn 7$1.4M
Total revenueLn 12$8.7M
Assets in detailPt X, end of year
CashLn 1$4.6M
SavingsLn 2$4.2M
Cash and savings togetherLn 1–2$8.9M
InvestmentsLn 11–13$35.2M
Land, buildings, equipmentLn 10c$347K
Other assetsLn 15$16.0M
Total assetsLn 16$66.0M
LiabilitiesLn 26$48.3M
Net assetsLn 32$17.7M
OperationsPt I, VI
EmployeesI 51
VolunteersI 612
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 FY25End FY25
Cash and savingsLn 1–2$11.6M$8.9M
InvestmentsLn 11–13$38.2M$35.2M
Land, buildings, equipmentLn 10c$347K$347K
Total assetsLn 16$70.6M$66.0M
LiabilitiesLn 26$53.0M$48.3M
Net assetsLn 32$17.6M$17.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.0M$2.0M
Grants and assistance to foreign recipientsLn 3$134K$134K
Pay of current officers, directors and key staffLn 5$511K$409K$51K$51K
Payroll taxesLn 10$20K$15K$3K$2K
Management feesLn 11a$725K$580K$72K$72K
Legal feesLn 11b$378K$378K$500
Accounting feesLn 11c$84K$4K$80K
Other fees for servicesLn 11g$50K$50K
Office expensesLn 13$86K$83K$2K$2K
Information technologyLn 14$18K$17K$325$328
OccupancyLn 16$2K$2K
TravelLn 17$34K$34K$110$129
Conferences, conventions and meetingsLn 19$17K$13K$491$4K
InterestLn 20$1.2M$1.2M
InsuranceLn 23$15K$2K$13K
Other expenses (24a–d)Ln 24$2.5M$2.5M
Total functional expensesLn 25$7.8M$7.5M$222K$131K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $8.7M$7.8M$905K$17.7M 990 PDF
FY2024 $8.3M$5.8M$2.5M$17.6M 990 PDF
FY2023 $8.1M$6.5M$1.7M$15.7M 990 PDF
FY2022 $4.9M$5.4M−$509K$14.1M 990 PDF
FY2021 $6.0M$3.7M$2.3M$14.6M 990 PDF
FY2020 $5.5M$4.5M$1.1M$12.5M 990 PDF

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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 FY2025 990 (6 parts)
Part I · Summary $8,713,097 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,519,517$5,264,193
I-9 Program service revenuePrior year $1,768,998$1,492,585
I-10 Investment incomePrior year $1,003,356$1,946,319
I-11 Other revenuePrior year $22,500$10,000
I-12 Total revenuePrior year $8,314,371$8,713,097
I-13 Grants and similar amounts paidPrior year $1,907,073$2,171,843
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $556,886$530,569
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,385,244$5,105,558
I-18 Total expensesPrior year $5,849,203$7,807,970
I-19 Revenue less expensesPrior year $2,465,168$905,127
Part VI · Governance 11 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members11
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 $8,713,097 across 8 lines filed
VIII-1e Government grants$5,017,678
VIII-1f All other contributions, gifts and grants$246,515
VIII-1h Total contributions, gifts and grants$5,264,193
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,492,585$1,492,585
VIII-3 Investment incomeExcluded from tax $507,238$507,238
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,439,081$1,439,081
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10,000$10,000
VIII-12 Total revenueRelated to mission $1,492,585 · Unrelated business $0 · Excluded from tax $1,956,319$8,713,097
Part IX · Statement of functional expenses $7,807,970 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $2,037,902$2,037,902
IX-3 Grants and assistance to foreign recipientsPrograms $133,941$133,941
IX-5 Pay of current officers, directors and key staffPrograms $408,710 · Management $51,097 · Fundraising $51,096$510,903
IX-10 Payroll taxesPrograms $14,987 · Management $2,913 · Fundraising $1,766$19,666
IX-11a Management feesPrograms $580,000 · Management $72,500 · Fundraising $72,500$725,000
IX-11b Legal feesPrograms $377,625 · Management $500$378,125
IX-11c Accounting feesPrograms $4,113 · Management $79,706$83,819
IX-11g Other fees for servicesPrograms $49,632$49,632
IX-13 Office expensesPrograms $82,682 · Management $1,664 · Fundraising $1,827$86,173
IX-14 Information technologyPrograms $17,150 · Management $325 · Fundraising $328$17,803
IX-16 OccupancyPrograms $1,843$1,843
IX-17 TravelPrograms $34,255 · Management $110 · Fundraising $129$34,494
IX-19 Conferences, conventions and meetingsPrograms $13,271 · Management $491 · Fundraising $3,651$17,413
IX-20 InterestPrograms $1,189,750$1,189,750
IX-23 InsurancePrograms $1,760 · Management $13,119$14,879
IX-24 Other expenses (24a–d)Programs $2,506,627$2,506,627
IX-25 Total functional expensesPrograms $7,454,248 · Management $222,425 · Fundraising $131,297$7,807,970
Part X · Balance sheet $65,972,956 assets, 19 lines filed
Asset lines not itemized here account for $5,627,787; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,372,313$4,602,998
X-2 Savings and temporary cash investmentsStart of year $9,247,806$4,248,456
X-3 Pledges and grants receivableStart of year $23,924$13,000
X-4 Accounts receivableStart of year $0$329
X-9 Prepaid expenses and deferred chargesStart of year $57,988$30,801
X-10c Land, buildings and equipment, netStart of year $346,667$346,667
X-11 Publicly traded securitiesStart of year $6,678,195$0
X-12 Other securitiesStart of year $10,634,716$3,149,716
X-13 Program-related investmentsStart of year $20,907,429$32,001,061
X-15 Other assetsStart of year $16,304,871$15,952,141
X-16 Total assetsStart of year $70,573,996$65,972,956
X-17 Accounts payable and accrued expensesStart of year $179,753$1,215,923
X-19 Deferred revenueStart of year $2,137,678$1,327,700
X-24 Unsecured notes and loans payableStart of year $50,700,000$45,750,000
X-26 Total liabilitiesStart of year $53,017,431$48,306,623
X-27 Net assets without donor restrictionsStart of year $15,538,887$17,666,333
X-28 Net assets with donor restrictionsStart of year $2,017,678$0
X-32 Total net assets or fund balancesStart of year $17,556,565$17,666,333
X-33 Total liabilities and net assetsStart of year $70,573,996$65,972,956
Part XI · Reconciliation of net assets $17,666,333 net assets at year end
XI-1 Total revenue$8,713,097
XI-2 Total expenses$7,807,970
XI-3 Revenue less expenses$905,127
XI-4 Net assets at start of year$17,556,565
XI-9 Other changes in net assets−$795,359
XI-10 Net assets at end of year$17,666,333

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

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