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COUNCIL TOWERS V HOUSINGDEVELOPMENT FUND CORPORATION

EIN 20-5686282 NEW YORK, NY

Browse the largest nonprofits in New York

Revenue 2024
$1,548,857
Expenses 2024
$1,781,708

Program services were 91.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
L21
Classification
1000
Street
ONE STATE STREET PLAZA 24TH FLOOR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

7 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

TO PROVIDE SUBSIDIZED RENTAL APARTMENTS FOR SENIORS AND LOWER INCOME INDIVUDALS.

Activities or mission (Part I)

TO PROVIDE SUBSIDIZED RENTAL APARTMENTS FOR SENIORS AND LOWER INCOME INDIVIDUALS.

  • TO PROVIDE HOUSING ASSISTANCE TO LOW INCOME SENIOR CITIZENS.

    Expenses $1,637,159 · Revenue $1,502,523

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Kenneth Eckstein

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related
  • Linda Spitzer

    TREASURER

    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
    $689,992
    From this org
    $0
    From related orgs
    $630,294
    Other
    $59,698
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $629,934 related
    Bonus
    $0
    Other
    $0 + $360 related
    Deferred
    $0 + $4,140 related
    Nontaxable benefits
    $0 + $55,858 related
    Filer's total
    $0 + $690,292 related
  • Elena Sytcheva

    CO-MANAGING DIRECTOR

    Total calculated
    $176,478
    From this org
    $0
    From related orgs
    $156,383
    Other
    $20,095
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,260 related
    Bonus
    $0
    Other
    $0 + $123 related
    Deferred
    $0 + $2,277 related
    Nontaxable benefits
    $0 + $18,118 related
    Filer's total
    $0 + $176,778 related
  • Philip Kibel

    CFO

    Total calculated
    $338,527
    From this org
    $0
    From related orgs
    $279,823
    Other
    $58,704
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,791 related
    Bonus
    $0
    Other
    $0 + $1,032 related
    Deferred
    $0 + $3,600 related
    Nontaxable benefits
    $0 + $55,404 related
    Filer's total
    $0 + $338,827 related
  • Robert Newman

    COO

    Total calculated
    $314,104
    From this org
    $0
    From related orgs
    $307,185
    Other
    $6,919
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,601 related
    Bonus
    $0
    Other
    $0 + $1,584 related
    Deferred
    $0 + $3,720 related
    Nontaxable benefits
    $0 + $3,499 related
    Filer's total
    $0 + $314,404 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $1,548,857
    Expenses
    $1,781,708
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $796,228
    Expenses
    $1,538,951
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $755,036
    Expenses
    $1,514,476
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $755,036
    Expenses
    $1,514,476
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $804,485
    Expenses
    $1,502,493
    Assets (EOY)
    $12,030,823
  • 2020 · 990

    Revenue
    $834,305
    Expenses
    $1,496,612
    Assets (EOY)
    $12,583,847
  • 2019 · 990

    Revenue
    $792,808
    Expenses
    $1,376,103
    Assets (EOY)
    $13,095,393
  • 2018 · 990

    Revenue
    $743,999
    Expenses
    $1,494,439
    Assets (EOY)
    $13,624,557
  • 2017 · 990

    Revenue
    $669,647
    Expenses
    $1,254,343
    Assets (EOY)
    $14,357,256
  • 2016 · 990

    Revenue
    $673,644
    Expenses
    $1,259,764
    Assets (EOY)
    $14,913,277
  • 2015 · 990

    Revenue
    $704,827
    Expenses
    $1,234,934
    Assets (EOY)
    $15,619,055
  • 2014 · 990

    Revenue
    $689,442
    Expenses
    $1,251,672
    Assets (EOY)
    $16,051,980
  • 2013 · 990

    Revenue
    $699,272
    Expenses
    $1,261,572
    Assets (EOY)
    $16,599,239
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $1,276,216
    Assets (EOY)
    $17,253,706

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related partnerships on its 2024 return

  • COUNCIL TOWERS VI LP

    RENTAL · NY

  • COUNCIL TOWERS VII LP

    RENTAL · NY

Related corporations and trusts on its 2024 return

  • COUNCIL TOWERS VI GP

    C · AFFORDABLE HOUSING · NY

  • COUNCIL TOWERS VII GP LLC

    C · AFFORDABLE HOUSING · NY

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 11 November 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.