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← 332 EAST 22ND STREET HOUSING DEVELOPMENT FUND CORPORATION C/O MET COUNCIL

Form 990 for tax year 2025

Filed by 332 EAST 22ND STREET HOUSING DEVELOPMENT FUND CORPORATION C/O MET COUNCIL.

Totals

Total revenue
$88,428
Total expenses
$99,134
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$82,867
Investment income
$311
Other revenue
$5,250
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$92,505
Management and general expenses
$6,629
Fundraising expenses
$0
Program service expenses (Part III)
$92,505

Program services were 93.3% 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.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $82,867 · related or exempt $82,867

  • 3 · Investment income

    total $311 · excluded $311

  • 11a · Other revenue: LAUNDRY AND VENDING IN

    total $250 · related or exempt $250

  • 11d · All other revenue

    total $5,000 · related or exempt $5,000

  • 11e · Other revenue, total

    $5,250

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $21,393 · program services $14,764 · management and general $6,629

  • 11b · Fees: legal

    total $470 · program services $470

  • 11g · Fees: other

    total $330 · program services $330

  • 13 · Office expenses

    total $3,975 · program services $3,975

  • 16 · Occupancy

    total $40,325 · program services $40,325

  • 22 · Depreciation, depletion and amortization

    total $18,171 · program services $18,171

  • 24a · Other expenses: REPAIRS AND MAINTENACE

    total $14,470 · program services $14,470

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $107,396 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $4,591 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,521 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $2,225,493 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $44,494 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,591

  • 19 · Deferred revenue

    beginning of year $8,259

  • 21 · Escrow or custodial account liability

    beginning of year $12,224

  • 25 · Other liabilities

    beginning of year $158,481 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,116,940 · end of year $0

Mission and programs · 2025

Mission

TO PROVIDE ASSISTANCE TO SENIOR CITIZEN AND LOW INCOME INDIVIDUALS.

Activities or mission (Part I)

PROVIDE SUBSIDIZED RENTAL HOUSING FOR SENIORS AND LOW INCOME INDIVIDUALS.

  • TO PROVIDE ASSISTANCE TO SENIOR CITIZEN AND LOW INCOME INDIVIDUALS.

    Expenses $92,505 · Revenue $88,117

As filed on the 2025 return.

Listed in Part VII

  • Linda Spitzer

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • Kenneth Eckstein

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • Stacey Scheinberg

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • David Greenfield

    CEO

    Total calculated
    $288,795
    From this org
    $0
    From related orgs
    $263,349
    Other
    $25,446
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,199 related
    Bonus
    $0
    Other
    $0 + $150 related
    Deferred
    $0 + $3,250 related
    Nontaxable benefits
    $0 + $22,196 related
    Filer's total
    $0 + $288,795 related

  • Elena Sytcheva

    CO-MANAGING DIRECTOR

    Total calculated
    $74,033
    From this org
    $0
    From related orgs
    $65,734
    Other
    $8,299
    Hours/week
    0.1 + 39.9 related

  • Philip Kibel

    CFO

    Total calculated
    $142,231
    From this org
    $0
    From related orgs
    $117,921
    Other
    $24,310
    Hours/week
    0.1 + 39.9 related

  • Robert Newman

    COO

    Total calculated
    $132,803
    From this org
    $0
    From related orgs
    $129,259
    Other
    $3,544
    Hours/week
    0.1 + 39.9 related

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

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • COUNCIL TOWERS VI LP

    RENTAL · NY

  • COUNCIL TOWERS VII LP

    RENTAL · NY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COUNCIL TOWERS VI GP

    C · AFFORDABLE HOUSING · NY

  • COUNCIL TOWERS VII GP LLC

    C · AFFORDABLE HOUSING · NY

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2025
Filed
14 April 2026
IRS schema version
2025v4.1
Source object
202621059349302657

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