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Anthony Hoe Corporation

Tax-deductible

Bronx, NY501(c)(3)Since 2010HousingEIN 27-1575830Revenue $5.1M in FY2025

On file with the IRS429 Bruckner Blvd 2nd FL, 10455-5007 · Bronx, NYTax-exempt since Mar 2011Publicly supported — 509(a)(2)

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Operation of low income transitional housing and provision of social services to the tenants.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
1 of 6
filings with a surplus
Average deficit $8K a year · under 1% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.2M
101% of total assets
Concern: liabilities are 101% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 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
$5.1M
+3% vs prior year
Spent
$5.1M
To programs
99%
Net assets
−$32K
By yearFY2020–FY2025
Revenue
$5.1M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.8M
FY2021$5.3M
FY2022$5.6M
FY2023$5.0M
FY2024$5.0M
FY2025$5.1M
Expenses
$5.1M
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.8M
FY2021$5.3M
FY2022$5.6M
FY2023$5.0M
FY2024$5.0M
FY2025$5.1M
Net assets
−$32K
FY2025+0.3%
Tap a bar for its year
Net assets by fiscal year
FY2020−$3K
FY2021−$4K
FY2022$17K
FY2023−$5K
FY2024−$32K
FY2025−$32K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2011.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $5.1M Management & general 1% · $27K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Salvatore Gigante
CEO/Director
$0Pt VII · Sec A
Evelyn Velasquez
Secretary/Treasurer
$0Pt VII · Sec A
Henry Comas
Director
$0Pt VII · Sec A
Jason Boroff
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Sonal Shah
Controller
$0Pt VII · Sec A
Angela Davis Farrish
Executive Director
$0Pt VII · Sec A
See Anthony Hoe 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 15aYes

Programs and updates

Provides housing and social services for low-income individuals transitioning to stable living.

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Provided by the organization

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1 program · $5.1M · in their own filed words · FY2024
01

Company operates low income transitional housing project in the south bronx. Company also provides social services for tenants of low income housing.

$5.1Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5.1M
Ln 12
Gifts and grantsLn 1h$5.1M
Money outPt IX
$5.1M
Ln 25
Programscol B$5.1M
Managementcol C$27K
Owns and owesPt X
−$32K
net assets · Ln 32
Cash and savingsLn 1–2$104K
Total assetsLn 16$3.2M
LiabilitiesLn 26$3.2M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.1M
Government grantsLn 1e$5.1M
Total revenueLn 12$5.1M
Assets in detailPt X, end of year
CashLn 1$104K
Cash and savings togetherLn 1–2$104K
Land, buildings, equipmentLn 10c$9K
Other assetsLn 15$2.3M
Total assetsLn 16$3.2M
LiabilitiesLn 26$3.2M
Net assetsLn 32−$32K
OperationsPt I, VI
EmployeesI 541
VolunteersI 60
Fiscal year endsHeaderJune
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$23K$104K
Land, buildings, equipmentLn 10c$9K$9K
Total assetsLn 16$6.4M$3.2M
LiabilitiesLn 26$6.4M$3.2M
Net assetsLn 32−$32K−$32K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.0M$1.0M
Other employee benefitsLn 9$57K$57K
Payroll taxesLn 10$83K$83K
Accounting feesLn 11c$14K$14K
Office expensesLn 13$22K$22K
OccupancyLn 16$1.3M$1.3M
Depreciation, depletion and amortizationLn 22$629$629
InsuranceLn 23$125K$125K
Other expenses (24a–d)Ln 24$2.3M$2.3M
All other expensesLn 24e$142K$129K$13K
Total functional expensesLn 25$5.1M$5.1M$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $5.1M$5.1M$98−$32K 990 PDF
FY2024 $5.0M$5.0M−$27K−$32K 990 PDF
FY2023 $5.0M$5.0M−$21K−$5K 990 PDF
FY2022 $5.6M$5.6M−$629$17K 990 PDF
FY2021 $5.3M$5.3M−$629−$4K 990 PDF
FY2020 $5.8M$5.8M−$629−$3K 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 $5,121,550 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,968,180$5,121,550
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $24$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,968,204$5,121,550
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 $976,429$1,156,765
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,018,802$3,964,687
I-18 Total expensesPrior year $4,995,231$5,121,452
I-19 Revenue less expensesPrior year −$27,027$98
Part VI · Governance 4 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
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 $5,121,550 across 3 lines filed
VIII-1e Government grants$5,121,550
VIII-1h Total contributions, gifts and grants$5,121,550
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$5,121,550
Part IX · Statement of functional expenses $5,121,452 across 10 lines filed
IX-7 Other salaries and wagesPrograms $1,016,849$1,016,849
IX-9 Other employee benefitsPrograms $56,979$56,979
IX-10 Payroll taxesPrograms $82,937$82,937
IX-11c Accounting feesManagement $13,500$13,500
IX-13 Office expensesPrograms $22,493$22,493
IX-16 OccupancyPrograms $1,322,254$1,322,254
IX-22 Depreciation, depletion and amortizationPrograms $629$629
IX-23 InsurancePrograms $124,550$124,550
IX-24 Other expenses (24a–d)Programs $2,339,578$2,339,578
IX-24e All other expensesPrograms $128,534 · Management $13,149$141,683
IX-25 Total functional expensesPrograms $5,094,803 · Management $26,649 · Fundraising $0$5,121,452
Part X · Balance sheet $3,176,253 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $22,946$103,984
X-4 Accounts receivableStart of year $2,957,838$684,462
X-9 Prepaid expenses and deferred chargesStart of year $13,317$59,554
X-10c Land, buildings and equipment, netStart of year $9,490$8,861
X-15 Other assetsStart of year $3,413,306$2,319,392
X-16 Total assetsStart of year $6,416,897$3,176,253
X-17 Accounts payable and accrued expensesStart of year $2,208,804$647,773
X-25 Other liabilitiesStart of year $4,239,780$2,560,069
X-26 Total liabilitiesStart of year $6,448,584$3,207,842
X-27 Net assets without donor restrictionsStart of year −$31,687−$31,589
X-32 Total net assets or fund balancesStart of year −$31,687−$31,589
X-33 Total liabilities and net assetsStart of year $6,416,897$3,176,253
Part XI · Reconciliation of net assets −$31,589 net assets at year end
XI-1 Total revenue$5,121,550
XI-2 Total expenses$5,121,452
XI-3 Revenue less expenses$98
XI-4 Net assets at start of year−$31,687
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$31,589

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

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