Fairmont Place Housing Development Fund Corporation

Bronx, NY
Tax-exempt since June 1997
EIN: 13-3819617

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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 / Housing Development, Construction, Management (NTEE)

Donations to this organization are tax deductible.

Revenue

$227k (2023)

Expenses

$511k (2023)

Total Assets

$306k (2023)

Total Liabilities

$156k (2023)

Source: Form 990 tax filings from 2011 to 2023

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 April
2023

Revenue

$226,997

Expenses

$511,494

Net Income

-$284,497

Net Assets

$150,359

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$224,062	98.7%
Investment Income	$2,935	1.3%
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	$18,017	3.5%

Assets/Debt
Total Assets	$306,342
Total Liabilities	$155,983
Net Assets	$150,359

Compensation

Key Employees and Officers	Compensation	Related	Other
Valerie Torres (Chair)	$0	$0	$0
Jason Boroff (Vice Chair/T)	$0	$29,669	$0
Evelyn Velasquez (Secretary)	$0	$0	$0
Salvatore Gigante (Board Member)	$0	$0	$0
Josefa Santos (Board Member)	$0	$0	$0
Joan Trani (Board Member)	$0	$14,675	$0
Steven Seltzer (Executive Di)	$0	$82,154	$0
Jean Bonhomme (Controller)	$0	$114,039	$0
Anthony Lynch (Executive Di)	$0	$107,954	$0

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990

Filed on Feb. 5, 2024

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

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Fiscal Year Ending April
2022

Revenue

$236,032

Expenses

$383,025

Net Income

-$146,993

Net Assets

$439,067

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$234,345	99.3%
Investment Income	$1,687	0.7%
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	$33,667	8.8%

Assets/Debt
Total Assets	$510,727
Total Liabilities	$71,660
Net Assets	$439,067

Compensation

Key Employees and Officers	Compensation	Related	Other
Valerie Torres (Chair)	$0	$0	$0
Jason Boroff (Vice Chair/T)	$0	$37,538	$0
Evelyn Velasquez (Secretary)	$0	$0	$0
Salvatore Gigante (Board Member)	$0	$0	$0
Josefa Santos (Board Member)	$0	$0	$0
Joan Trani (Board Member)	$0	$0	$0
Steven Seltzer (Executive Di)	$0	$153,077	$0
Jean Bonhomme (Controller)	$0	$111,923	$0

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990

Filed on March 15, 2023

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

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Fiscal Year Ending April
2021

Revenue

$234,542

Expenses

$249,923

Net Income

-$15,381

Net Assets

$595,132

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,913	2.9%
Program Services	$223,018	95.1%
Investment Income	$4,611	2.0%
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	$28,736	11.5%

Assets/Debt
Total Assets	$640,827
Total Liabilities	$45,695
Net Assets	$595,132

Compensation

Key Employees and Officers	Compensation	Related	Other
Jason Boroff (Vice Chair/T)	$4,583	$120,042	$0
Valerie Torres (Chair)	$0	$0	$0
Evelyn Velasquez (Secretary)	$0	$0	$0
Salvatore Gigante (Board Member)	$0	$0	$0
Josefa Santos (Board Member)	$0	$0	$0
Joan Trani (Board Member)	$0	$0	$0
Steven Seltzer (Executive Di)	$0	$153,154	$0
Jean Bonhomme (Controller)	$0	$93,819	$0

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990

Filed on Feb. 14, 2022

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

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Fiscal Year Ending April
2020

Revenue

$226,459

Expenses

$303,108

Net Income

-$76,649

Net Assets

$613,401

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$223,657	98.8%
Investment Income	$2,802	1.2%
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	$31,606	10.4%

Assets/Debt
Total Assets	$643,885
Total Liabilities	$30,484
Net Assets	$613,401

Compensation

Key Employees and Officers	Compensation	Related	Other
Jason Boroff (Vice Chair/T)	$2,264	$217,105	$0
Valerie Torres (Chair)	$0	$0	$0
Evelyn Velasquez (Secretary)	$0	$0	$0
Salvatore Gigante (Board Member)	$0	$0	$0
Josefa Santos (Board Member)	$0	$0	$0
Joan Trani (Board Member)	$0	$0	$0
Steven Seltzer (Executive Di)	$0	$45,332	$0
Jean Bonhomme (Controller)	$0	$91,350	$0
Gaudi Mendoza (Former Exe D)	$0	$90,452	$0

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990

Filed on March 14, 2021

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Fiscal Year Ending April
2019

Revenue

$238,796

Expenses

$277,043

Net Income

-$38,247

Net Assets

$685,752

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$235,870	98.8%
Investment Income	$2,729	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$197	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$28,428	10.3%

Assets/Debt
Total Assets	$721,985
Total Liabilities	$36,233
Net Assets	$685,752

Compensation

Key Employees and Officers	Compensation	Related	Other
Jason Boroff (Vice Chair/T)	$6,968	$241,703	$0
Valerie Torres (Chair)	$0	$0	$0
Evelyn Velasquez (Secretary)	$0	$0	$0
Salvatore Gigante (Board Member)	$0	$0	$0
Josefa Santos (Board Member)	$0	$0	$0
Joan Trani (Board Member)	$0	$0	$0
Gaudi Mendoza (Executive Di)	$0	$115,670	$0
Jean Bonhomme (Controller)	$0	$36,750	$0

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990

Filed on Oct. 15, 2019

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Fiscal Year Ending April
2018

Revenue

$265,722

Expenses

$246,720

Net Income

$19,002

Net Assets

$723,286

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$263,646	99.2%
Investment Income	$1,545	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$531	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,059	9.3%

Assets/Debt
Total Assets	$779,808
Total Liabilities	$56,522
Net Assets	$723,286

Compensation

Key Employees and Officers	Compensation	Related	Other
Jason Boroff (Vice Chair/T)	$6,344	$282,473	$0
Valerie Torres (Chair)	$0	$0	$0
Evelyn Velasquez (Secretary)	$0	$0	$0
Steven Seltzer (Executive Di)	$0	$141,694	$0
Gaudi Mendoza (Controller)	$0	$79,327	$0
Linda Casella (Controller)	$0	$21,280	$0

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990

Filed on March 13, 2019

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

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Fiscal Year Ending April
2017

Revenue

$269,724

Expenses

$218,455

Net Income

$51,269

Net Assets

$705,878

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$261,914	97.1%
Investment Income	$1,412	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$6,398	2.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,054	7.3%

Assets/Debt
Total Assets	$741,163
Total Liabilities	$35,285
Net Assets	$705,878

Compensation

Key Employees and Officers	Compensation	Related	Other
Jason Boroff (Vice Chair/T)	$7,938	$321,234	$0
Valerie Torres (Chair)	$0	$0	$0
Evelyn Velasquez (Secretary)	$0	$0	$0
Linda Casella (Controller)	$0	$108,341	$0
Steven Seltzer (Executive Di)	$0	$43,269	$0

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990

Filed on March 13, 2018

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

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Fiscal Year Ending April
2016

Revenue

$258,612

Expenses

$239,087

Net Income

$19,525

Net Assets

$654,766

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$253,142	97.9%
Investment Income	$4,140	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,330	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$25,163	10.5%

Assets/Debt
Total Assets	$709,968
Total Liabilities	$55,202
Net Assets	$654,766

990

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

PDF

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Fiscal Year Ending April
2015

Revenue

$280,579

Expenses

$285,520

Net Income

-$4,941

Net Assets

$639,230

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$37,534	13.4%
Program Services	$240,380	85.7%
Investment Income	$2,665	0.9%
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	$24,438	8.6%

Assets/Debt
Total Assets	$724,335
Total Liabilities	$85,105
Net Assets	$639,230

990

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

PDF

Fiscal Year Ending April
2014

Revenue

$236,571

Expenses

$316,367

Net Income

-$79,796

Net Assets

$644,640

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$235,273	99.5%
Investment Income	$1,298	0.5%
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	$16,845	5.3%

Assets/Debt
Total Assets	$770,405
Total Liabilities	$125,765
Net Assets	$644,640

990

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

PDF

Fiscal Year Ending April
2013

Revenue

$244,768

Expenses

$243,887

Net Income

$881

Net Assets

$727,742

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$237,295	96.9%
Investment Income	$4,053	1.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,420	1.4%

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

Assets/Debt
Total Assets	$816,650
Total Liabilities	$88,908
Net Assets	$727,742

990

Filed on Dec. 31, 2013

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

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Fiscal Year Ending April
2012

Revenue

$234,473

Expenses

$228,487

Net Income

$5,986

Net Assets

$726,086

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$231,398	98.7%
Investment Income	$3,075	1.3%
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	$808,759
Total Liabilities	$82,673
Net Assets	$726,086

990

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

PDF

Fiscal Year Ending April
2011

Revenue

$221,573

Expenses

$261,841

Net Income

-$40,268

Net Assets

-$195,957

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$221,398	99.9%
Investment Income	$175	0.1%
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	$812,570
Total Liabilities	$1,008,527
Net Assets	-$195,957

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Updated December 5, 2025

Fairmont Place Housing Development Fund Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $227k (2023)

Expenses $511k (2023)

Total Assets $306k (2023)

Total Liabilities $156k (2023)

Tax Filings by Year

Fiscal Year Ending April 2023

Extracted Financial Data

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Compensation

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Fiscal Year Ending April 2022

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Compensation

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Fiscal Year Ending April 2021

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Fiscal Year Ending April 2020

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Fiscal Year Ending April 2019

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Compensation

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Fiscal Year Ending April 2018

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Fiscal Year Ending April 2017

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Fiscal Year Ending April 2016

Extracted Financial Data

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Fiscal Year Ending April 2015

Extracted Financial Data

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Fiscal Year Ending April 2014

Extracted Financial Data

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Fiscal Year Ending April 2013

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Fiscal Year Ending April 2012

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Fiscal Year Ending April 2011

Extracted Financial Data

Extracted Financial Data from Form 990

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Revenue

$227k (2023)

Expenses

$511k (2023)

Total Assets

$306k (2023)

Total Liabilities

$156k (2023)

Fiscal Year Ending April
2023

Fiscal Year Ending April
2022

Fiscal Year Ending April
2021

Fiscal Year Ending April
2020

Fiscal Year Ending April
2019

Fiscal Year Ending April
2018

Fiscal Year Ending April
2017

Fiscal Year Ending April
2016

Fiscal Year Ending April
2015

Fiscal Year Ending April
2014

Fiscal Year Ending April
2013

Fiscal Year Ending April
2012

Fiscal Year Ending April
2011

Fiscal Year Ending April
2010

Fiscal Year Ending April
2008

Fiscal Year Ending April
2007

Fiscal Year Ending April
2006

Fiscal Year Ending April
2005

Fiscal Year Ending April
2004

Fiscal Year Ending April
2003

Fiscal Year Ending March
2002