501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$28K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
1 of 3
filings with a surplus
Average deficit $14.2M a year · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$28K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
85 mo
of spending, in cash
Looks good: 84.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.4M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$46.8M
-573% vs prior year
Spent
$450K
To programs
80%
Net assets
$4.7M
By yearFY2020–FY2024
Revenue
−$46.8M
FY2021▼ -573%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.9M
FY2021−$46.8M
FY2022$0
FY2023$0
FY2024$19K
Expenses
$450K
FY2021▼ -69%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$450K
FY2022$3.8M
FY2023Not on file
FY2024Not on file
Net assets
$4.7M
FY2021▼ -91%
Tap a bar for its year
Net assets by fiscal year
FY2020$51.9M
FY2021$4.7M
FY2022$446K
FY2023$0
FY2024$19K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2014.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $360K Management & general 20% · $91K

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

9 people listed on the 990; $28K paid to officers and key staff.

Part VII, Section A · reportable compensation
Assistant Secretary
$28,211Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mr Salvatore D'Avola’s $28K as Assistant Secretary is at the 86th percentile of top reported officer pay among 118 <$100K public safety & disaster 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

NameFY2021FY2020
Mr Salvatore D'Avola$28,211$31,763

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.

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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

Preserves and creates affordable housing for low and moderate income individuals.

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Provided by the organization

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1 program · $360K · in their own filed words · FY2021
01

The corporation is organized exclusively for the purpose of preserving and creating, on a non-profit basis, housing projects for persons of low and moderate income. During the year, the organization continued to mantain the properties and plan for their future disposition in accordance with federal,state and city regulations.

$360Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
−$46.8M
Ln 12
Gifts and grantsLn 1h$5.0M
Money outPt IX
$450K
Ln 25
Programscol B$360K
Managementcol C$91K
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$7.1M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.0M
Government grantsLn 1e$5.0M
Gains on assetsLn 7−$51.8M
Total revenueLn 12−$46.8M
Assets in detailPt X, end of year
CashLn 1$3.2M
Cash and savings togetherLn 1–2$3.2M
Other assetsLn 15$3.6M
Total assetsLn 16$7.1M
LiabilitiesLn 26$2.4M
Net assetsLn 32$4.7M
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 FY21End FY21
Cash and savingsLn 1–2$3.4M$3.2M
Total assetsLn 16$55.0M$7.1M
LiabilitiesLn 26$3.0M$2.4M
Net assetsLn 32$51.9M$4.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$28K$7K$21K
Other salaries and wagesLn 7$264K$233K$30K
Other employee benefitsLn 9$56K$46K$10K
Payroll taxesLn 10$23K$19K$4K
Other fees for servicesLn 11g$16K$764$15K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$573$472$101
TravelLn 17$2K$2K
InsuranceLn 23$11K$8K$3K
Other expenses (24a–d)Ln 24$42K$35K$7K
Total functional expensesLn 25$450K$360K$91K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 29, 2025 $19K$19K 990 PDF
FY2023Filed with the IRS Oct 31, 2024 $0$0 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $0$3.8M−$3.8M$446K 990 PDF
FY2021 ViewingFiled with the IRS Nov 15, 2022 −$46.8M$450K−$47.2M$4.7M 990 PDF
FY2020Filed with the IRS Nov 11, 2021 $9.9M$1.5M$8.4M$51.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary −$46,780,468 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,888,362$5,040,113
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0−$51,820,581
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $9,888,362−$46,780,468
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 $355,224$370,214
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,100,864$80,112
I-18 Total expensesPrior year $1,456,088$450,326
I-19 Revenue less expensesPrior year $8,432,274−$47,230,794
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 −$46,780,468 across 4 lines filed
VIII-1e Government grants$5,040,113
VIII-1h Total contributions, gifts and grants$5,040,113
VIII-7 Net gain or loss on sales of assetsRelated to mission −$51,820,581−$51,820,581
VIII-12 Total revenueRelated to mission −$51,820,581 · Unrelated business $0 · Excluded from tax $0−$46,780,468
Part IX · Statement of functional expenses $450,326 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $7,053 · Management $21,158$28,211
IX-7 Other salaries and wagesPrograms $233,268 · Management $30,418$263,686
IX-9 Other employee benefitsPrograms $45,756 · Management $9,823$55,579
IX-10 Payroll taxesPrograms $18,720 · Management $4,018$22,738
IX-11g Other fees for servicesPrograms $764 · Management $15,180$15,944
IX-12 Advertising and promotionPrograms $8,406$8,406
IX-13 Office expensesPrograms $472 · Management $101$573
IX-17 TravelPrograms $2,379$2,379
IX-23 InsurancePrograms $7,981 · Management $2,520$10,501
IX-24 Other expenses (24a–d)Programs $34,833 · Management $7,476$42,309
IX-25 Total functional expensesPrograms $359,632 · Management $90,694 · Fundraising $0$450,326
Part X · Balance sheet $7,122,605 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $3,448,516$3,182,568
X-3 Pledges and grants receivableStart of year $1,591,980$378,356
X-15 Other assetsStart of year $49,912,102$3,561,681
X-16 Total assetsStart of year $54,952,598$7,122,605
X-17 Accounts payable and accrued expensesStart of year $10,500$15,180
X-25 Other liabilitiesStart of year $3,026,522$2,422,643
X-26 Total liabilitiesStart of year $3,037,022$2,437,823
X-27 Net assets without donor restrictionsStart of year $50,300,471$4,268,193
X-28 Net assets with donor restrictionsStart of year $1,615,105$416,589
X-32 Total net assets or fund balancesStart of year $51,915,576$4,684,782
X-33 Total liabilities and net assetsStart of year $54,952,598$7,122,605
Part XI · Reconciliation of net assets $4,684,782 net assets at year end
XI-1 Total revenue−$46,780,468
XI-2 Total expenses$450,326
XI-3 Revenue less expenses−$47,230,794
XI-4 Net assets at start of year$51,915,576
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,684,782

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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