K&L Housing Developement Fund Company Inc

New York, NY
Tax-exempt since Aug. 1997
EIN: 13-3957282

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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

$1.02M (2022)

Expenses

$1.14M (2022)

Total Assets

$3.58M (2022)

Total Liabilities

$6.47M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Form 990 documents are not available for this tax period, but audit documents are available for download.

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2022

Revenue

$1,022,266

Expenses

$1,141,098

Net Income

-$118,832

Net Assets

-$2,893,283

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,022,016	100.0%
Investment Income	$47	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$203	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$318,048	27.9%

Assets/Debt
Total Assets	$3,580,864
Total Liabilities	$6,474,147
Net Assets	-$2,893,283

Compensation

Key Employees and Officers	Compensation	Related	Other
Claire Hilger (Secretary)	$0	$191,415	$5,750
Hedwig O'hara (Director)	$0	$0	$0
Julie Sandorf (Outgoing Director)	$0	$0	$0
Lynn Wishart (Director)	$0	$0	$0
Paul Freitag (Vice President)	$0	$238,555	$51,053
Sheldon J Fine (President)	$0	$0	$0
Dan Drosina (Assistant Vice President)	$0	$0	$0
Jennifer Breines (Assistant Secretary)	$0	$0	$0
Nanda Win (Treasurer)	$0	$190,131	$49,630

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990

Filed on Nov. 8, 2023

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

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2021

Revenue

$946,486

Expenses

$1,224,776

Net Income

-$278,290

Net Assets

-$2,774,451

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$9,653	1.0%
Program Services	$931,300	98.4%
Investment Income	$45	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,488	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$308,393	25.2%

Assets/Debt
Total Assets	$3,695,642
Total Liabilities	$6,470,093
Net Assets	-$2,774,451

Compensation

Key Employees and Officers	Compensation	Related	Other
Abby Jo Sigal (Director)	$0	$0	$0
Father John Duffell (Vice President)	$0	$0	$0
Hedwig O'hara (Director)	$0	$0	$0
Charles A Gatewood (Director)	$0	$0	$0
Sheldon J Fine (President)	$0	$0	$0
Julie Sandorf (Director)	$0	$0	$0
Lynn Wishart (Secretary)	$0	$0	$0
Pierre Downing (Director)	$0	$0	$0
Tito Escobar (Director)	$0	$0	$0
Paul Freitag (Executive Director)	$0	$253,679	$46,348
Nanda Win (Treasurer)	$0	$194,740	$38,850
Claire Hilger (Assistant Secretary)	$0	$189,850	$5,696

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990

Filed on Nov. 9, 2022

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2020

Revenue

$866,081

Expenses

$1,079,745

Net Income

-$213,664

Net Assets

-$2,496,161

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$799,358	92.3%
Investment Income	$113	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$66,610	7.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$271,828	25.2%

Assets/Debt
Total Assets	$3,810,192
Total Liabilities	$6,306,353
Net Assets	-$2,496,161

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Sheldon J Fine (President)	$0	$0	$0
Paul Freitag (Assistant Secretary)	$0	$238,430	$23,303
Rev Alistair Drummond (Director(board Member Till 07/29/2020))	$0	$0	$0
Father John Duffell (Vice President)	$0	$0	$0
Msjulie Sandorf (Director)	$0	$0	$0
Mr Charles A Gatewood (Director)	$0	$0	$0
Ms Lynn Wishart (Secretary)	$0	$0	$0
Hedwig O'hara (Director)	$0	$0	$0
Abby Jo Sigal (Director)	$0	$0	$0
Ms Nanda Win (Treasurer)	$0	$178,834	$16,400
Sherry Cranmer (Social Service Director)	$0	$163,274	$11,735
Daniel J Drosin (Director Of Property Management)	$0	$119,980	$14,634
Jack Hospedales (Director Information Technology)	$0	$146,046	$11,068
Stephanie Green (Chief Strategy Officer)	$0	$163,373	$7,901
Sandra Oreskvoic (Director Human Resource)	$0	$163,403	$13,451
Jennifer Steinburg (Director Of Real Estate Development)	$0	$130,963	$8,144
Claire Hilger (Chief Operating Officer)	$0	$185,637	$10,309
Suzanne A Smith (Director Of Congregate Care)	$0	$147,798	$9,174
Nimisha Khatri (Controller)	$0	$87,408	$7,362
Wanda De Leon (Human Resource Manager)	$0	$99,123	$7,189

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990

Filed on Nov. 11, 2021

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

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2019

Revenue

$775,365

Expenses

$955,275

Net Income

-$179,910

Net Assets

-$2,291,896

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$773,858	99.8%
Investment Income	$164	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,343	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$238,667	25.0%

Assets/Debt
Total Assets	$3,964,015
Total Liabilities	$6,255,911
Net Assets	-$2,291,896

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Sheldon J Fine (President)	$0	$0	$0
Paul Freitag (Assistant Secretary)	$0	$231,134	$25,797
Ms Laura M Tavormina (Treasurer)	$0	$149,152	$17,178
Rev Alistair Drummond (Director)	$0	$0	$0
Father John Duffell (Vice President)	$0	$0	$0
Msjulie Sandorf (Director)	$0	$0	$0
Mr Charles A Gatewood (Director)	$0	$0	$0
Ms Lynn Wishart (Director)	$0	$0	$0
Hedwig O'hara (Director (From 11 18 2018 Onwards))	$0	$0	$0
Abby Jo Sigal (Board Member (From 03/28/2019))	$0	$0	$0
Ms Nanda Win (Chief Financial Officer)	$0	$174,885	$17,950
Sherry Cranmer (Social Service Director)	$0	$159,970	$13,675
Daniel J Drosin (Director Of Property Management)	$0	$115,591	$16,171
Jack Hospedales (Director Information Technology)	$0	$122,966	$14,780
Stephanie Green (Strategy Officer)	$0	$121,089	$6,633
Sandra Oreskvoic (Director Human Resource)	$0	$128,437	$6,853
Jennifer Steinburg (Director Of Real Estate Development)	$0	$111,972	$6,359
Ms Jerilyn Perine (Direcotr (Former Up To 2019))	$0	$0	$0

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990

Filed on Nov. 12, 2020

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

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2018

Revenue

$777,925

Expenses

$963,516

Net Income

-$185,591

Net Assets

-$2,111,987

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$775,987	99.8%
Investment Income	$261	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,677	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$252,807	26.2%

Assets/Debt
Total Assets	$4,100,210
Total Liabilities	$6,212,197
Net Assets	-$2,111,987

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Sheldon J Fine (President)	$0	$0	$0
Paul Freitag (Assistant Secretary)	$0	$218,003	$21,045
Ms Laura M Tavormina (Treasurer)	$0	$147,138	$15,058
Rev Alistair Drummond (Director)	$0	$0	$0
Father John Duffell (Vice President)	$0	$0	$0
Msjulie Sandorf (Director)	$0	$0	$0
Mr Charles A Gatewood (Director)	$0	$0	$0
Ms Lynn Wishart (Director)	$0	$0	$0
Ms Jerilyn Perine (Director)	$0	$0	$0
Hedwig O'hara (Director (From 11 18 2018 Onwards))	$0	$0	$0
Ms Nanda Win (Chief Financial Officer)	$0	$167,985	$15,683
Leonor Tucker (Employee (Till 04 01 2018))	$0	$67,718	$4,657
Sherry Cranmer (Social Service Director)	$0	$155,939	$12,895
Daniel J Drosin (Employee)	$0	$117,202	$1,600
Jack Hospedales (Employee)	$0	$118,463	$12,257
Stephanie Green (Employee)	$0	$119,557	$8,155
Sandra Oreskvoic (Employee)	$0	$125,275	$7,156

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990

Filed on Nov. 11, 2019

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2017

Revenue

$775,782

Expenses

$949,725

Net Income

-$173,943

Net Assets

-$1,926,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$773,857	99.8%
Investment Income	$252	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,673	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$240,576	25.3%

Assets/Debt
Total Assets	$4,236,141
Total Liabilities	$6,162,538
Net Assets	-$1,926,397

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Sheldon J Fine (President)	$0	$0	$0
Paul Freitag (Assistant Secretary)	$0	$199,793	$13,651
Ms Laura M Tavormina (Treasurer)	$0	$147,169	$12,073
Rev Alistair Drummond (Director)	$0	$0	$0
Father John Duffell (Vice President)	$0	$0	$0
Msjulie Sandorf (Director)	$0	$0	$0
Mr Charles A Gatewood (Director)	$0	$0	$0
Ms Lynn Wishart (Director)	$0	$0	$0
Ms Jerilyn Perine (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2018

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2016

Revenue

$774,482

Expenses

$927,149

Net Income

-$152,667

Net Assets

-$1,752,454

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$772,601	99.8%
Investment Income	$261	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,620	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$228,132	24.6%

Assets/Debt
Total Assets	$4,374,396
Total Liabilities	$6,126,850
Net Assets	-$1,752,454

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Sheldon J Fine (President)	$0	$0	$0
Ms Laura R Jervis (Vice President (Former))	$0	$31,587	$0
Paul Freitag (Vice President)	$0	$195,692	$13,995
Ms Laura M Tavormina (Treasurer)	$0	$143,359	$11,760
Rev Alistair Drummond (Director)	$0	$0	$0
Father Robert O Connor (Secretary (Until 4/2016))	$0	$0	$0
Father John Duffell (Vice President)	$0	$0	$0
Msjulie Sandorf (Director)	$0	$0	$0
Mr Charles A Gatewood (Director)	$0	$0	$0
Ms Nanda Win (Chief Financial Officer)	$0	$161,859	$12,544

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990

Filed on Nov. 13, 2017

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2015

Revenue

$755,271

Expenses

$918,764

Net Income

-$163,493

Net Assets

-$1,599,786

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$753,679	99.8%
Investment Income	$322	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,270	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$221,542	24.1%

Assets/Debt
Total Assets	$4,521,846
Total Liabilities	$6,121,632
Net Assets	-$1,599,786

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Sheldon J Fine (President)	$0	$0	$0
Ms Laura R Jervis (Vice President)	$0	$167,329	$9,342
Paul Freitag (Vice President)	$0	$64,358	$4,069
Ms Laura M Tavormina (Treasurer)	$0	$143,217	$10,605
Rev Alistair Drummond (Director)	$0	$0	$0
Father Robert O Connor (Secretary)	$0	$0	$0
Father John Duffell (Vice President)	$0	$0	$0
Msjulie Sandorf (Director)	$0	$0	$0
Mr Charles A Gatewood (Director)	$0	$0	$0
Ms Nanda Win (Chief Financial Officer)	$0	$146,016	$11,038

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990

Filed on Oct. 27, 2016

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PDF (2 of 2)

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2014

Revenue

$684,920

Expenses

$869,086

Net Income

-$184,166

Net Assets

-$1,436,293

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$682,021	99.6%
Investment Income	$439	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,460	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$214,265	24.7%

Assets/Debt
Total Assets	$4,663,936
Total Liabilities	$6,100,229
Net Assets	-$1,436,293

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mr Sheldon J Fine (President)	$0	$0	$0
Ms Laura R Jervis (Vice President)	$0	$161,389	$10,632
Ms Laura M Tavormina (Treasurer)	$0	$142,843	$9,772
Rev Alistair Drummond (Director)	$0	$0	$0
Father Robert O Connor (Secretary)	$0	$0	$0
Father John Duffell (Vice President)	$0	$0	$0
Msjulie Sandorf (Director)	$0	$0	$0
Mr Charles A Gatewood (Director)	$0	$0	$0
Ms Nanda Win (Assistant Secretary)	$0	$133,507	$9,070

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990

Filed on Nov. 16, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$677,559

Expenses

$864,620

Net Income

-$187,061

Net Assets

-$1,252,127

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$675,407	99.7%
Investment Income	$502	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,650	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$213,065	24.6%

Assets/Debt
Total Assets	$4,844,005
Total Liabilities	$6,096,132
Net Assets	-$1,252,127

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Sheldon Fine (President)	$0	$0	$0
Laura R Jervis (Vice President)	$0	$160,202	$10,116
Laura M Tavormina (Treasurer)	$0	$140,068	$8,698
Alistair Drummond (Director)	$0	$0	$0
Robert O Connor (Secretary)	$0	$0	$0
John Duffell (Vice President)	$0	$0	$0
Msjulie Sandorf (Director)	$0	$0	$0
Charles A Gatewood (Director)	$0	$0	$0

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990

Filed on Nov. 17, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$1,092,167

Expenses

$856,804

Net Income

$235,363

Net Assets

-$1,065,066

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$410,702	37.6%
Program Services	$678,884	62.2%
Investment Income	$507	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,074	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$196,533	22.9%

Assets/Debt
Total Assets	$5,016,194
Total Liabilities	$6,081,260
Net Assets	-$1,065,066

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,083,771

Expenses

$812,197

Net Income

$271,574

Net Assets

-$1,300,429

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$402,529	37.1%
Program Services	$678,801	62.6%
Investment Income	$480	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,961	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$195,345	24.1%

Assets/Debt
Total Assets	$4,963,423
Total Liabilities	$6,263,852
Net Assets	-$1,300,429

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated November 21, 2024

K&L Housing Developement Fund Company Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.02M (2022)

Expenses $1.14M (2022)

Total Assets $3.58M (2022)

Total Liabilities $6.47M (2022)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

No Extracted Financial Data

Document Links

Audits

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Revenue

$1.02M (2022)

Expenses

$1.14M (2022)

Total Assets

$3.58M (2022)

Total Liabilities

$6.47M (2022)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001