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1068 Franklin Avenue Housing Development Fund Corporation

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Category: Housing, Shelter / Housing Development, Construction, Management (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$650k (2023)

Expenses
$574k (2023)

Total Assets
$9.28M (2023)

Total Liabilities
$9.7M (2023)

Years with missing data
Source: Form 990 tax filings from 2014 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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$650,000
Expenses
$574,281
Net Income
$75,719
Net Assets
-$413,862
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $650,000
100%
Investment Income $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 $0
Assets/Debt
Total Assets $9,284,962
Total Liabilities $9,698,824
Net Assets -$413,862
Compensation
Key Employees and Officers Compensation Related Other
Raul Russi (President) $0 $909,372 $70,634
Lymaris Albors (Chief Executive Officer) $0 $803,886 $39,079
Jose A Rodriguez (Chief Legal Officer/Exec Vp) $0 $602,553 $37,084
Vicky Gatell (Chief Financial Officer) $0 $454,869 $42,707
Eliezer Rodriguez Esq (Chair) $0 $0 $0
Carmen S Melero (Vice Chair) $0 $0 $0
Marybeth Hotaling (Treasurer) $0 $0 $0
Arnie Segarra (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$550,000
Expenses
$582,775
Net Income
-$32,775
Net Assets
-$489,581
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $550,000
100%
Investment Income $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 $0
Assets/Debt
Total Assets $9,420,420
Total Liabilities $9,910,001
Net Assets -$489,581
Compensation
Key Employees and Officers Compensation Related Other
Raul Russi (President) $0 $861,432 $73,959
Lymaris Albors (Chief Ececutive Officer) $0 $748,860 $46,446
Jose A Rodriguez (Chief Legal Officer/Exec Vp) $0 $560,176 $40,861
Vicky Gatell (Chief Financial Officer) $0 $432,484 $41,248
Eliezer Rodriguez Esq (Chair) $0 $0 $0
Carmen S Melero (Vice Chair) $0 $0 $0
Marybeth Hotaling (Treasurer) $0 $0 $0
Arnie Segarra (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$550,000
Expenses
$637,488
Net Income
-$87,488
Net Assets
-$456,806
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $550,000
100%
Investment Income $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 $0
Assets/Debt
Total Assets $9,526,273
Total Liabilities $9,983,079
Net Assets -$456,806
Compensation
Key Employees and Officers Compensation Related Other
Raul Russi (President And Ceo) $0 $848,126 $68,233
Lymaris Albors (Chief Operating Officer) $0 $532,238 $44,593
Jose A Rodriguez (Clo/Executive Vice President) $0 $517,229 $37,746
Maria Del Carmen Arroyo (Chief Administrative Officer) $0 $404,476 $38,707
David C Collymore (Cmo/Senior Vp Clinical Affairs) $0 $421,681 $15,109
Vicky Gatell (Cfo) $0 $306,593 $37,802
Eliezer Rodriguez Esq (Chair) $0 $0 $0
Carmen S Melero (Vice Chair) $0 $0 $0
Marybeth Hotaling (Treasurer) $0 $0 $0
Arnie Segarra (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$550,000
Expenses
$537,694
Net Income
$12,306
Net Assets
-$369,318
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $550,000
100%
Investment Income $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 $0
Assets/Debt
Total Assets $9,713,476
Total Liabilities $10,082,794
Net Assets -$369,318
Compensation
Key Employees and Officers Compensation Related Other
Raul Russi (Ceo And President) $0 $837,889 $66,101
Jose R Rodriguez (Clo) $0 $515,162 $36,710
Lymaris Albors (Coo) $0 $501,299 $33,949
Milton Derienzo (Cfo) $0 $402,694 $0
David Collymore (Cmo) $0 $302,546 $14,615
Carlos Laboy Diaz (Chair) $0 $0 $0
Eliezer Rodriguez (Vice Chair) $0 $0 $0
Pedro Falcon (Secretary) $0 $0 $0
Eduardo Alayon (Treasurer) $0 $0 $0
Ingle Stephens (Member) $0 $0 $0
Aileen Betances (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$550,000
Expenses
$533,295
Net Income
$16,705
Net Assets
-$381,624
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $550,000
100%
Investment Income $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 $0
Assets/Debt
Total Assets $9,900,517
Total Liabilities $10,282,141
Net Assets -$381,624
Compensation
Key Employees and Officers Compensation Related Other
Raul Russi (Ceo And President) $0 $797,383 $65,322
Lymaris Albors (Chief Of Staff/Coo) $0 $430,578 $9,755
Jose R Rodriguez (Clo) $0 $400,990 $36,393
Milton A Derienzo (Cfo) $0 $390,856 $14,571
Pamela Mattel (Former Coo (Through 6/30/18)) $0 $360,500 $0
David Collymore (Cmo) $0 $291,652 $14,571
Hector L Diaz (President (Through 1/31/19)) $0 $62,499 $0
Carlos Laboy Diaz (Chair) $0 $0 $0
Eliezer Rodriguez (Vice Chair) $0 $0 $0
Pedro Falcon (Secretary) $0 $0 $0
Eduardo Alayon (Treasurer) $0 $0 $0
Ingle Stephens (Member) $0 $0 $0
Aileen Betances (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$550,000
Expenses
$545,504
Net Income
$4,496
Net Assets
-$398,329
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $550,000
100%
Investment Income $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 $0
Assets/Debt
Total Assets $10,085,701
Total Liabilities $10,484,030
Net Assets -$398,329
Compensation
Key Employees and Officers Compensation Related Other
Carlos Laboy Diaz (Chair) $0 $0 $0
Pedro Falcon (Secretary) $0 $0 $0
Eduardo Alayon (Treasurer) $0 $0 $0
Eliezer Rodriguez Esq (Vice Chair) $0 $0 $0
Ingle Stephens (Member) $0 $0 $0
Raul Russi (Chief Executive Officer) $0 $773,182 $58,771
Pamela Mattel (Coo (Through 6/30/18)) $0 $472,149 $58,713
Hon Hector Diaz (President) $0 $307,188 $13,878
Milton Derienzo (Evp/Chief Financial Officer) $0 $398,305 $11,668
Lymaris Albors (Evp/Chief Of Staff) $0 $232,775 $8,849
Jose A Rodriguez (Clo (From 7/1/18)) $0 $368,889 $45,886
David Glasel (Clo (Through 6/30/18)) $0 $312,156 $19,261
Ralph Declet (Div. Dir. Affordable Housing) $0 $265,399 $34,791
Lorraine Coleman (Vp Real Estate Management) $0 $171,573 $28,883
Ramon Velez (Vice President) $0 $157,706 $22,641
Madelyn Lugo (Vice President) $0 $176,979 $23,451

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$550,000
Expenses
$530,796
Net Income
$19,204
Net Assets
-$402,825
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $550,000
100%
Investment Income $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 $0
Assets/Debt
Total Assets $10,272,353
Total Liabilities $10,675,178
Net Assets -$402,825
Compensation
Key Employees and Officers Compensation Related Other
Carlos Laboy Diaz (Chair) $0 $0 $0
Pedro Falcon (Secretary) $0 $0 $0
Eliezer Rodriguez (Treasurer) $0 $0 $0
Ingle Stephens (Member) $0 $0 $0
Pamela Mattel (Coo) $0 $425,285 $62,921
Raul Russi (Ceo) $0 $747,560 $65,101
Hon Hector L Diaz (President) $0 $298,642 $12,455
Milton Derienzo (Cfo) $0 $381,156 $983
Tomas Del Rio (Former Cfo) $0 $116,738 $13,870

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$550,000
Expenses
$574,931
Net Income
-$24,931
Net Assets
-$422,029
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $550,000
100%
Investment Income $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 $0
Assets/Debt
Total Assets $10,459,443
Total Liabilities $10,881,472
Net Assets -$422,029
Compensation
Key Employees and Officers Compensation Related Other
Carlos Laboy Diaz (Chair) $0 $0 $0
Pedro Falcon (Secretary) $0 $0 $0
Eliezer Rodriguez (Treasurer) $0 $0 $0
Ingle Stephens (Member) $0 $0 $0
Tomas Del Rio (Cfo) $0 $306,663 $36,808
Pamela Mattel (Coo) $0 $342,582 $60,500
Raul Russi (Ceo) $0 $594,555 $22,425
Hector L Diaz (President) $0 $240,979 $11,124
Milton Derienzo (Cfo) $0 $132,868 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,080,310
Expenses
$1,139,717
Net Income
-$59,407
Net Assets
-$357,649
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,080,310
100%
Investment Income $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 $0
Assets/Debt
Total Assets $10,857,708
Total Liabilities $11,215,357
Net Assets -$357,649
Compensation
Key Employees and Officers Compensation Related Other
Eduardo Alayon (Chair) $0 $0 $0
Pedro Falcon (Treasurer) $0 $0 $0
Ingle Stephens (Secretary) $0 $0 $0
Tomas Del Rio (Cfo) $0 $310,477 $34,377
Pamela Mattel (Coo) $0 $296,449 $49,252
Raul Russi (Ceo) $0 $504,208 $22,000
Hector L Diaz (President) $0 $217,381 $10,896
Ralph Declet (Vp Of Development) $0 $204,678 $30,492
Adriene Rosell (Administrator) $0 $206,531 $33,883
Dr Saroj Bakshi (Medical Director) $0 $204,023 $20,107
David Collymore (Chief Medical Officer) $0 $216,162 $10,790
Peter Marcus (Physician) $0 $184,547 $37,971

Document Links

About This Data

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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