Webster Terrace Housing Development Fund Company Inc

Brooklyn, NY
Tax-exempt since Oct. 1983
EIN: 11-2650864

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Public Housing Facilities (NTEE)

Donations to this organization are tax deductible.

Revenue

$236k (2024)

Expenses

$286k (2024)

Total Assets

$5.51M (2024)

Total Liabilities

$225k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Revenue

$235,834

Expenses

$285,989

Net Income

-$50,155

Net Assets

$5,280,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$235,834	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$5,505,000
Total Liabilities	$225,000
Net Assets	$5,280,000

Compensation

Key Employees and Officers	Compensation	Related	Other
David Singer (President)	$0	$0	$0
Menachem Shayovich (V.P./Secy)	$0	$0	$0

990

Filed on May 12, 2025

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Fiscal Year Ending June
2023

Revenue

$226,363

Expenses

$1,624,047

Net Income

-$1,397,684

Net Assets

$5,330,155

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$226,363	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$5,430,155
Total Liabilities	$100,000
Net Assets	$5,330,155

Compensation

Key Employees and Officers	Compensation	Related	Other
David Singer (President)	$0	$0	$0
Menachem Shayovich (V.P./Secy)	$0	$0	$0

990

Filed on May 16, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2022

Revenue

$216,980

Expenses

$162,753

Net Income

$54,227

Net Assets

$6,727,838

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$216,980	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,882,838
Total Liabilities	$155,000
Net Assets	$6,727,838

Compensation

Key Employees and Officers	Compensation	Related	Other
David Singer (President)	$0	$0	$0
Menachem Shayovich (V.P./Secy)	$0	$0	$0

990

Filed on May 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2021

Revenue

$210,054

Expenses

$151,690

Net Income

$58,364

Net Assets

$6,673,611

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$210,054	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,798,611
Total Liabilities	$125,000
Net Assets	$6,673,611

Compensation

Key Employees and Officers	Compensation	Related	Other
David Singer (President)	$0	$0	$0
Menachem Shayovich (V.P./Secy)	$0	$0	$0

990

Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2020

Revenue

$210,622

Expenses

$172,554

Net Income

$38,068

Net Assets

$6,615,247

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$210,622	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,723,247
Total Liabilities	$108,000
Net Assets	$6,615,247

Compensation

Key Employees and Officers	Compensation	Related	Other
David Singer (President)	$0	$0	$0
Menachem Shayovich (V.P./Secy)	$0	$0	$0

990

Filed on Oct. 1, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2019

Revenue

$213,513

Expenses

$46,387

Net Income

$167,126

Net Assets

$6,577,180

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$213,513	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,578,925
Total Liabilities	$1,745
Net Assets	$6,577,180

Compensation

Key Employees and Officers	Compensation	Related	Other
David Singer (President)	$0	$0	$0
Menachem Shayovich (V.P./Secy)	$0	$0	$0

990

Filed on Jan. 22, 2020

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Fiscal Year Ending June
2018

Revenue

$201,641

Expenses

$42,443

Net Income

$159,198

Net Assets

$6,410,054

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	-$6,443
Investment Income	$208,084	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,411,799
Total Liabilities	$1,745
Net Assets	$6,410,054

Compensation

Key Employees and Officers	Compensation	Related	Other
David Singer (President)	$0	$0	$0
Menachem Shayovich (V.P./Secy)	$0	$0	$0

990

Filed on Feb. 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2017

Revenue

$190,576

Expenses

$82,355

Net Income

$108,221

Net Assets

$6,250,856

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	-$5,674
Investment Income	$196,250	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,252,601
Total Liabilities	$1,745
Net Assets	$6,250,856

Compensation

Key Employees and Officers	Compensation	Related	Other
David Singer (President)	$0	$0	$0
Menachem Shayovich (V.P./Secy)	$0	$0	$0

990

Filed on Jan. 17, 2018

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Fiscal Year Ending June
2016

Revenue

$180,605

Expenses

$82,744

Net Income

$97,861

Net Assets

$6,142,635

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	-$4,437
Investment Income	$185,042	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,219,380
Total Liabilities	$76,745
Net Assets	$6,142,635

Compensation

Key Employees and Officers	Compensation	Related	Other
David Singer (President)	$0	$0	$0
Menachem Shayovich (V.P./Secy)	$0	$0	$0

990

Filed on Nov. 15, 2016

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Fiscal Year Ending June
2015

Revenue

$175,265

Expenses

-$183,339

Net Income

$358,604

Net Assets

$6,044,774

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$175,265	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,211,319
Total Liabilities	$166,545
Net Assets	$6,044,774

Compensation

Key Employees and Officers	Compensation	Related	Other
David Singer (President)	$0	$0	$0
Menachem Shayovich (V.P./Secy)	$0	$0	$0

990

Filed on Dec. 23, 2015

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Fiscal Year Ending June
2014

Revenue

$167,873

Expenses

$86,460

Net Income

$81,413

Net Assets

$5,686,170

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$167,873	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,036,215
Total Liabilities	$350,045
Net Assets	$5,686,170

Compensation

Key Employees and Officers	Compensation	Related	Other
David Singer (President)	$0	$0	$0
Menachem Shayovich (V.P./Secy)	$0	$0	$0

990

Filed on Dec. 16, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2013

Revenue

$161,113

Expenses

$10,264

Net Income

$150,849

Net Assets

$5,604,757

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$161,113	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$5,868,502
Total Liabilities	$263,745
Net Assets	$5,604,757

990

Filed on Jan. 27, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2012

Revenue

$156,216

Expenses

$5,340

Net Income

$150,876

Net Assets

$5,453,909

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$156,216	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$5,717,654
Total Liabilities	$263,745
Net Assets	$5,453,909

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$154,691

Expenses

$20,284

Net Income

$134,407

Net Assets

$5,303,034

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$154,691	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$5,581,643
Total Liabilities	$278,609
Net Assets	$5,303,034

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated December 22, 2025

Webster Terrace Housing Development Fund Company Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $236k (2024)

Expenses $286k (2024)

Total Assets $5.51M (2024)

Total Liabilities $225k (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2023

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2022

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2021

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2020

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2019

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2018

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$236k (2024)

Expenses

$286k (2024)

Total Assets

$5.51M (2024)

Total Liabilities

$225k (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

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2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

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2011

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2010

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2009

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2008

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2007

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2006

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2005

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2004

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2003

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2002

Fiscal Year Ending June
2001