HAVEN PLAZA HDFC INC CATHOLIC HOMES NEW YORK Charity Report

Public IRS 990 nonprofit record

HAVEN PLAZA HDFC INC CATHOLIC HOMES NEW YORK

EIN 13-2563033 · Low-Income & Subsidized Rental Housing (L21)

What they do

GROUND LEASE AGREEMENT WITH A LOW INCOME HOUSING PROJECT and PROVIDE SUPPORT to AN EXEMPT ORGANIZATION ORGANIZED UNDER SECTION 170 (B) (1) (A) (I) WHOSE PURPOSE is to ASSURE THE MAINTENANCE and DEVELOPMENT of QUALITY AFFORDABLE HOUSING BY PROVIDING SERVICES to ORGANIZATION-SPONSORED HOUSING PROJECTS OWNED BY NON-PROFIT HOUSING DEVELOPMENT and FINANCE COMPANIES, INCLUDING THE PRESERVATION and REHABILITATION of EXISTING AFFORDABLE HOUSING UNITS, DEVELOPMENT of NEW AFFORDABLE HOUSING UNITS ON VACANT or UNDERUTILIZED ORGANIZATION-OWNED PROPERTIES.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $10.40 was reported for mission work and $0.00 for fundraising. Understand this before you give.

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 2024The charity has a recent tax report to read.

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

They name their leaders5 people are listed in the latest report.

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

Money made simple

1.21%of revenue went to mission work10.4% of expenses · Program services

$11.61spent for every $100 of revenueRevenue covered expenses this year.

10.40%of revenue went to management and office costs89.6% of expenses

$137.85in assets for every $1 spent this yearSome assets cannot be spent right away.

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Money

Financial picture

Tax year 2024

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$1,298,478

Mission workProgram services$15,7501.21% of revenue10.4% of expenses

ManagementOffice and general costs$135,03310.40% of revenue89.6% of expenses

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

Revenue left after expensesReported annual surplus$1,147,69588.39% of revenueShown in gray on the chart

Total expenses$150,78311.61% of revenue

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

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 10.4% went to mission work. Ask the charity to explain these numbers and show recent results.

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

2024CurrentExpense mix: 10.4% mission · 89.6% management · 0.0% fundraisingTotal expenses: 11.61% of revenue

2023Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 4.35% of revenue

2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 3.95% of revenue

2021Expense mix: 96.3% mission · 3.7% management · 0.0% fundraisingTotal expenses: 2.16% of revenue

2020Expense mix: 98.7% mission · 1.3% management · 0.0% fundraisingTotal expenses: 4.51% of revenue

2019Expense mix: 98.7% mission · 1.3% management · 0.0% fundraisingTotal expenses: 4.19% of revenue

Money in and money out

Revenue$1,298,478

Expenses$150,783

Annual surplus $1,147,695 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)$15,750 · 10.4% of expenses

Management and office costs$135,033 · 89.6% of expenses

See all reported dollar amounts

Revenue$1,298,478

Expenses$150,783

Assets$20,785,010

Income$1,298,478

Mission work (program services)$15,750

Management and general$135,033

Accounting fees$4,300

People

Leadership and board

Tax year 2024

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 (5)

GEORGE HORTONTREASURER

LISA PETRUCCOSECRETARY

MONSIGNOR KEVIN NELANPRESIDENT

REVEREND LORENZO LABOYDIRECTOR

ROBERT ROSSIDIRECTOR

About this charity

Recognized since: January 2008
Location: 80 MAIDEN LANE 13TH FLOOR, NEW YORK, NY 10038-4998
County: New York
In care of: % MICHAEL J COMERFORD ESQ
Primary officer: MSGR KEVIN NELAN, PRESIDENT

How to reach them

Phone(646) 794-3505

Filing and classification

Latest tax year: 2024
Tax period began: April 1, 2024
Return type: 990
Tax preparer: NOVOGRADAC & COMPANY LLP
NTEE classification: Low-Income & Subsidized Rental Housing (L21)
IRS tax category: Low-Income & Subsidized Rental Housing