FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY INC Charity Report

Public IRS 990 nonprofit record

FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY INC

EIN 11-2614312 · Housing & Shelter (L21Z)

What they do

THE COMPANY HAS BEEN ORGANIZED EXCLUSIVELY to DEVELOP ON A NON-PROFIT BASIS, A HOUSING PROJECT for ELDERLY and HANDICAPPED PERSONS of LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS for SUCH PERSONS, WHICH PROJECT is to BE AIDED BY A FEDERALLY-AIDED MORTGAGE, STATE-AIDED MORTGAGE or MUNICIPALLY-AIDED MORTGAGE AS DEFINED IN SECTION 572 of THE PRIVATE HOUSING FINANCE LAW of THE STATE of NEW YORK.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

31.59%of revenue went to mission work70.5% of expenses · Program services

$44.59spent for every $100 of revenueRevenue covered expenses this year.

13.24%of revenue went to management and office costs29.5% of expenses

$6.65in assets for every $1 spent this yearSome assets cannot be spent right away.

72.6%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,781,076

Mission workProgram services$562,68931.59% of revenue70.5% of expenses

ManagementOffice and general costs$235,84813.24% of revenue29.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$982,53955.17% of revenueShown in gray on the chart

Total expenses$798,53744.83% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 70.5% mission · 29.5% management · 0.0% fundraisingTotal expenses: 44.83% of revenue

2022Expense mix: 66.8% mission · 33.2% management · 0.0% fundraisingTotal expenses: 49.27% of revenue

2021Expense mix: 69.9% mission · 30.1% management · 0.0% fundraisingTotal expenses: 52.77% of revenue

2020Expense mix: 71.4% mission · 28.6% management · 0.0% fundraisingTotal expenses: 57.07% of revenue

Money in and money out

Revenue$1,790,936

Expenses$798,537

Annual surplus $992,399 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$562,689 · 70.5% of expenses

Management and office costs$235,848 · 29.5% of expenses

See all reported dollar amounts

Revenue$1,790,936

Expenses$798,537

Assets$5,309,939

Income$2,480,016

Contributions$1,299,860

Mission work (program services)$562,689

Management and general$235,848

Accounting fees$44,347

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (16)

ANITA GODFREYBOARD MEMBER

GAIL JEBY-LEVYBOARD MEMBER

JOSEPH CAROSELLABOARD MEMBER

KATHERINE MCDONALDSECRETARY

LYNN CONNOLLYBOARD MEMBER

MR DANNY GASTELUABOARD MEMBER

MS PRUDENCE MANOLAKESBOARD MEMBER

MSGR MARK ROWANBOARD MEMBER

PETER A CARUSO ESQUIREBOARD MEMBER

RABBI MOSHE WEISBLUMBOARD MEMBER

REVEREND DE CLAIRE WUBOARD MEMBER

REVEREND EDWARD BARNETTBOARD MEMBER

REVEREND FATHER BRIAN BARRYBOARD MEMBER

REVEREND ROBERT WEBERBOARD MEMBER THRU 5/24

STEPHEN KRESSEL ESQUIRETREASURER/PRESIDENT

TOM SATTLERBOARD MEMBER

About this charity

Recognized since: January 1983
Location: CO STANAN MANAGEMENT 33 FRONT ST, HEMPSTEAD, NY 11550-0000
County: Nassau
In care of: % STANAN MANAGEMENT
Primary officer: STEPHEN KRESSEL, PRESIDENT

How to reach them

Phone(516) 486-1000 Officer phone(516) 798-5363

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: PKF OCONNOR DAVIES ADVISORY LLC
NTEE classification: Housing & Shelter (L21Z)
IRS tax category: Other Community Housing Services