Form 990 for tax year 2025
Filed by DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $867,339
- Total expenses
- $1,000,197
- Contributions and grants received
- $136,646
- Grants paid
- $0
- Program service revenue
- $684,005
- Investment income
- $40,951
- Other revenue
- $5,737
- Total assets, end of year
- $1,997,935
- Total liabilities, end of year
- $2,579,129
- Net assets or fund balances, end of year
- -$581,194
- Program services expenses (Part IX)
- $907,661
- Management and general expenses
- $92,536
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 90.7% 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.
-
1e · Government grants (contributions)
$136,646
-
2a · Program service revenue: RENTAL INCOME
total $571,245 · related or exempt $571,245
-
2b · Program service revenue: PROGRAM
total $112,760 · related or exempt $112,760
-
3 · Investment income
total $40,951 · related or exempt $40,951
-
11a · Other revenue: MISC
total $5,737 · related or exempt $5,737
-
11e · Other revenue, total
$5,737
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $269,391 · program services $232,780 · management and general $36,611
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $115,370 · program services $115,370
-
10 · Payroll taxes
total $22,250 · program services $19,460 · management and general $2,790
-
11a · Fees: management
total $46,410 · program services $46,410
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $9,500 · program services $4,706 · management and general $4,794
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $9,675 · program services $9,675
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $4,352 · program services $3,264 · management and general $1,088
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $112,445 · program services $112,445
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $147,431 · program services $110,573 · management and general $36,858
-
23 · Insurance
total $32,041 · program services $24,031 · management and general $8,010
-
24a · Other expenses: REPAIR AND MAINT
total $34,050 · program services $34,050
-
24b · Other expenses: UTILITIES
total $52,114 · program services $52,114
-
24c · Other expenses: REAL ESTATE TAXES
total $135,630 · program services $135,630
-
24d · Other expenses: LICENSE,FEES
total $7,583 · program services $5,687 · management and general $1,896
-
24e · All other expenses
total $1,955 · program services $1,466 · management and general $489
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $605,177 · end of year $471,295
-
4 · Accounts receivable
beginning of year $18,363 · end of year $2,322
-
7 · Other notes and loans receivable
beginning of year $1,085,689 · end of year $1,126,189
-
9 · Prepaid expenses and deferred charges
beginning of year $75,865 · end of year $76,338
-
10a · Land, buildings and equipment: cost or other basis
$2,065,784
-
10b · Land, buildings and equipment: accumulated depreciation
$1,780,854
-
10c · Land, buildings and equipment, net
beginning of year $393,282 · end of year $284,930
-
15 · Other assets
beginning of year $29,781 · end of year $36,861
-
17 · Accounts payable and accrued expenses
beginning of year $62,769 · end of year $61,782
-
23 · Secured mortgages and notes payable
beginning of year $2,528,073 · end of year $2,470,557
-
25 · Other liabilities
beginning of year $65,651 · end of year $46,790
-
27 · Net assets without donor restrictions
beginning of year -$448,336 · end of year -$581,194
Mission and programs · 2025
Mission
Founded in 1994 to provide affordable housing , planning and implementation, community preservation and development, urban planning, technical assistance and community advocacy for residents of Lower Manhattan
-
RENTAL ACTIVITIES Maintain and provide regulated apartment housing at 1 Pike St, NY, NY. Building has 16 units and 3 commercial spaces
As filed on the 2025 return.
Listed in Part VII
-
Thomas YuTHOMAS YU
EXECUTIVE DIRECTOR
- Total calculated
- $269,391
- From this org
- $269,391
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
-
Lillian GeeLILLIAN GEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John YuJOHN YU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jenny YangJENNY YANG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Hsueh Lam YanHSUEH LAM YAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lydia TomLYDIA TOM
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen WebsterKATHLEEN WEBSTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Minerva ChinMINERVA CHIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 11 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202621319349301517
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