Form 990 for tax year 2023

What the amendment changed

Compared with the return it replaced , filed 15 May 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue

$4,594,825 →changed to $5,108,856

Total expenses

$5,918,454 →changed to $6,018,422

Contributions and grants received

$3,107,758 →changed to $3,436,361

Program service revenue

$1,052,883 →changed to $2,824,409

Investment income

$13,069 →changed to -$1,706,228

Other revenue

$421,115 →changed to $554,314

Total assets, end of year

$7,288,241 →changed to $24,579,841

Total liabilities, end of year

$6,704,204 →changed to $13,226,762

Net assets or fund balances, end of year

$584,037 →changed to $11,353,079

Program services expenses

$4,278,071 →changed to $3,985,666

Management and general expenses

$1,475,516 →changed to $2,032,756

Fundraising expenses

$164,867 →changed to $0

Program service expenses (Part III)

$4,278,071 →changed to $3,985,666

Totals

Total revenue

$5,108,856

Total expenses

$6,018,422

Contributions and grants received

$3,436,361

Grants paid

$0

Program service revenue

$2,824,409

Investment income

-$1,706,228

Other revenue

$554,314

Total assets, end of year

$24,579,841

Total liabilities, end of year

$13,226,762

Net assets or fund balances, end of year

$11,353,079

Program services expenses (Part IX)

$3,985,666

Management and general expenses

$2,032,756

Fundraising expenses

$0

Program service expenses (Part III)

$3,985,666

Program services were 66.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• IMPACCT BROOKLYN DEVELOPS, OWNS AND OPERATES AFFORDABLE HOUSING, INCLUDING SUPPORTIVE HOUSING SERVICESAND OTHER PROGRAMS AND SERVICES THAT IMPROVE THE WELL-BEING OF VULNERABLE AND/OR INDIVIDUALS FORMERLY LIVING WITH HOMELESSNESS. IMPACCT BROOKLYN PROVIDES DIRECT SUPPORTIVE HOUSING SERVICES AT OUR GIBB MANSION AND NAVY GREEN RESIDENCE. THESE FACILITIES HOUSES CHRONICALLY ILL AND LOW INCOME INDIVIDUALS. WE PROVIDE RESPONSIVE AND COMPASSIONATE CARE TO THE RESIDENTS WHO CALL IT HOME. ON STAFF ARE SOCIAL WORKERS, CASE MANAGERS, A RESIDENT MANAGER, COOK AND COOKING STAFF, A SUBSTANCE ABUSE SPECIALIST, AND ACTIVITIES COORDINATOR. RESIDENTS RECEIVE REGULAR COUNSELING ON A WEEKLY BASIS. GIBB MANSION IS ALWAYS BUSTLING WITH ACTIVITY. RESIDENTS SHARE FIVE FRESH, HOT MEALS PER WEEK, AND THE ACTIVITIES COORDINATOR KEEPS THE SCHEDULE FULL OF CLASSES, OUTINGS, PARTIES AND COMMUNITY EVENTS.THE COMMUNITY AT GIBB MANSION IS THRIVING AS STAFF AND RESIDENTS WORK TOGETHER TO CREATE A POSITIVE, HEALTHY AND EMPOWERING ENVIRONMENT THAT FACILITATES HEALING AND WELLNESS. IN FISCAL 2023 71 INDIVIDUALS WERE HOUSED, 50 CHRONICALLY ILL INDIVIDUALS ARE RECEIVING CASE MANAGEMENT AND COUNSELING. IMPACCT BROOKLYN'S OTHER SUPPORTIVE HOUSING IS FOUND AT 40 VANDERBILT AVENUE, NAVY GREEN. THIS 98-UNIT PERMANENT SUPPORTIVE HOUSING BUILDING IS PART OF A LARGE SCALE RESIDENTIAL COMPLEX NAMED NAVY GREEN WITH 458 UNITS OF MIXED INCOME HOUSING, OPEN GREEN SPACE, RETAIL FACILITY AND COMMUNITY SPACE. THE RESIDENCE IS COMPRISED OF STUDIO APARTMENTS FOR 59 SINGLE ADULTS THAT ARE CHRONICALLY ILL WITH SEVERE AND PERSISTENT MENTAL ILLNESS AND/OR CHEMICAL ADDITION. THE REMAINING 38 UNITS ARE FOR LOW INCOME COMMUNITY RESIDENTS. THERE IS ALSO A LIVE IN SUPERINTENDENT AND 24/7 STAFFED SECURITY ONSITE. SOCIAL SERVICES ARE OFFERED TO ALL RESIDENTS BY BROOKLYN COMMUNITY HOUSING AND SERVICES AND FUNDED THROUGH THE HISTORIC NY/NY III PARTNERSHIP BETWEEN NYC AND NYS THROUGH THE DEPARTMENT OF HEALTH AND MENTAL HYGIENE.

  Expenses $3,104,844 · Revenue $1,258,062

• AFFORDABLE HOUSING DEVELOPMENT WORKS WITH COMMUNITY MEMBERS, GOVERNMENT OFFICIALS AND AGENCIES, FINANCIAL INSTITUTIONS AND DEVELOPERS TO BUILD AND PRESERVE AFFORDABLE AND SUPPORTIVE HOUSING UNITS FOR VERY LOW TO MODERATE INCOME HOUSEHOLDS. AS PART OF THE ORGANIZATIONS MISSION OF ENSURING THE LONG TERM AFFORDABILITY OF HOUSING FOR LOW INCOME RESIDENTS. IMPACCT BROOKLYN HAS COMMITTED 143 UNITS TO THE JOINT OWNERSHIP ENTITY (THE JOENY) AS PART OF A JOINT VENTURE WITH BRIDGE STREET LOCAL DEVELOPMENT, SNA, AND BEDFORD STUYVESANT RESTORATION CORPORATION TO PRESERVE OVER 500 UNITS OF AFFORDABLE HOUSING. WE HAVE A PIPELINE OF AFFORDABLE HOUSING PROJECTS THAT INCLUDE MISSION / FAITH BASED DEVELOPMENT WITH A FOCUS ON SENIOR HOUSING. IN ADDITION, WORKING WITH THE CITY OF NY AND NEW YORK STATE WE WILL BE BUILDING ANOTHER SUPPORTIVE HOUSING FACILITY FOR SENIORS LIVING WITH CHRONIC MENTAL ILLNESS LOCATED IN BEDFORD STUYVESANT, BROOKLYN.

  Expenses $574,889 · Revenue $1,600,794

• OUR ECONOMIC DEVELOPMENT DEPARTMENT SERVES THE SMALL BUSINESS COMMUNITY IN CENTRAL BROOKLYN BY PROVIDING TECHNICAL SUPPORT, COMMERCIAL LEASING SERVICES AND PRO-BONO LEGAL SERVICES THROUGH THE LAW FIRM STROOCK & STROOCK. IMPACCT BROOKLYN ALSO SERVES ON THE BOARD OF THE MARP AND FULTON STREET BUSINESS IMPROVEMENT DISTRICTS.

  Expenses $305,933

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• 265 HAWTHORNE STREET HDFC

  501(C)(3) · HOUSING · NY · controlled entity

  Directly controlled by PACC INC

• 811 LEXINGTON HOUSING DEV FUND CORP

  501(C)(3) · HOUSING · NY · controlled entity

  Directly controlled by PACC INC

• GATEWAY 277 HOUSING DEVELOPMENT FUND CORPORATION

  501(C)(3) · HOUSING · NY · controlled entity

  Directly controlled by PACC INC

• GATEWAY HOUSING CORPORATION

  501(C)(3) · HOUSING · NY · controlled entity

  Directly controlled by PACC INC

• 409 GRAND AVENUE HDFC

  501(C)(3) · HOUSING · NY · controlled entity

  Directly controlled by PACC INC

• 942 KENT AVENUE HDFC

  501(C)(3) · HOUSING · NY · controlled entity

  Directly controlled by PACC INC

• GIBB MANSION HDFC

  501(C)(3) · HOUSING · NY · controlled entity

  Directly controlled by PACC INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

15 May 2026

IRS schema version

2023v6.0

Source object

202621149349301527

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.