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Circulo Housing Development Fund Corporation

Tax-deductible

Long Beach, NY501(c)(3)HousingEIN 26-1501209Revenue $148K in FY2025

On file with the IRS26 W Park Ave Ste B, 11561-2049 · Long Beach, NYTax-exempt since Sep 2008Publicly supported charity — 170(b)(1)(A)(vi)

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Develop & operate Housing for underserved individuals & families helping them improve their lives through Housing stability.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 6 volunteers.
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
4 of 6
filings with a surplus
Average surplus $11K a year · 8% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$739K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$148K
+2% vs prior year
Spent
$155K
To programs
100%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$148K
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$124K
FY2021$141K
FY2022$142K
FY2023$144K
FY2024$145K
FY2025$148K
Expenses
$155K
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$113K
FY2021$109K
FY2022$112K
FY2023$154K
FY2024$135K
FY2025$155K
Net assets
$1.5M
FY2025▼ -0.5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.5M
FY2023$1.5M
FY2024$1.5M
FY2025$1.5M

From the FY2025 Form 990 (year ending May 2025) · see the original

990 PDF Claim

Is it real?

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

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $155K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Leo Fernandez
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Amy Flores
Board Member
$0Pt VII · Sec A
Silvana Loyola
Board Member
$0Pt VII · Sec A
Osman Canales
Board Member
$0Pt VII · Sec A
Jimmy Perez
Board Member
$0Pt VII · Sec A
See Circulo Housing Development Fund Corporation 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 15aNo

Programs and updates

Builds and manages homes for people needing stability to improve their lives.

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Provided by the organization

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1 program · $155K · in their own filed words · FY2024
01

To acquire, establish, develop, mortgage, lease, manage, equip, construct, rehabilitate, operate and maintain housing projects for persons of low income and housing projects for persons who are homeless in the state of new york.

$155Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$148K
Ln 12
Fees for servicesLn 2g$147K
Investment incomeLn 3$222
Money outPt IX
$155K
Ln 25
Programscol B$155K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$2.2M
LiabilitiesLn 26$739K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$147K
Investment incomeLn 3$222
Total revenueLn 12$148K
Assets in detailPt X, end of year
CashLn 1$102K
Cash and savings togetherLn 1–2$102K
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$637K
Total assetsLn 16$2.2M
LiabilitiesLn 26$739K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
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
LineStart FY25End FY25
Cash and savingsLn 1–2$96K$102K
Land, buildings, equipmentLn 10c$1.1M$1.4M
Total assetsLn 16$2.2M$2.2M
LiabilitiesLn 26$739K$739K
Net assetsLn 32$1.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Office expensesLn 13$275$275
OccupancyLn 16$24K$24K
TravelLn 17$53$53
Depreciation, depletion and amortizationLn 22$77K$77K
InsuranceLn 23$23K$23K
Other expenses (24a–d)Ln 24$28K$28K
Total functional expensesLn 25$155K$155K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $148K$155K−$7K$1.5M 990 PDF
FY2024 $145K$135K$10K$1.5M 990 PDF
FY2023 $144K$154K−$10K$1.5M 990 PDF
FY2022 $142K$112K$30K$1.5M 990 PDF
FY2021 $141K$109K$32K$1.4M 990 PDF
FY2020 $124K$113K$11K$1.4M 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 $147,595 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $143,408$147,373
I-10 Investment incomePrior year $611$222
I-11 Other revenuePrior year $582$0
I-12 Total revenuePrior year $144,601$147,595
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 $134,587$154,965
I-18 Total expensesPrior year $134,587$154,965
I-19 Revenue less expensesPrior year $10,014−$7,370
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $147,595 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $147,373$147,373
VIII-3 Investment incomeExcluded from tax $222$222
VIII-12 Total revenueRelated to mission $147,373 · Unrelated business $0 · Excluded from tax $222$147,595
Part IX · Statement of functional expenses $154,965 across 7 lines filed
IX-11c Accounting feesPrograms $2,400$2,400
IX-13 Office expensesPrograms $275$275
IX-16 OccupancyPrograms $24,325$24,325
IX-17 TravelPrograms $53$53
IX-22 Depreciation, depletion and amortizationPrograms $76,819$76,819
IX-23 InsurancePrograms $23,018$23,018
IX-24 Other expenses (24a–d)Programs $28,075$28,075
IX-25 Total functional expensesPrograms $154,965 · Management $0 · Fundraising $0$154,965
Part X · Balance sheet $2,195,946 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $96,143$101,950
X-4 Accounts receivableStart of year $14,839$18,293
X-10c Land, buildings and equipment, netStart of year $1,145,887$1,438,340
X-15 Other assetsStart of year $946,637$637,363
X-16 Total assetsStart of year $2,203,506$2,195,946
X-17 Accounts payable and accrued expensesStart of year $14,001$13,811
X-26 Total liabilitiesStart of year $739,041$738,851
X-27 Net assets without donor restrictionsStart of year $1,464,465$1,457,095
X-32 Total net assets or fund balancesStart of year $1,464,465$1,457,095
X-33 Total liabilities and net assetsStart of year $2,203,506$2,195,946
Part XI · Reconciliation of net assets $1,457,095 net assets at year end
XI-1 Total revenue$147,595
XI-2 Total expenses$154,965
XI-3 Revenue less expenses−$7,370
XI-4 Net assets at start of year$1,464,465
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,457,095

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

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