MVP HOUSING DEVELOPMENT FUND COMPANY INC Charity Report

Public IRS 990 nonprofit record

MVP HOUSING DEVELOPMENT FUND COMPANY INC

EIN 13-3760575 · Senior Citizens Housing & Retirement Communities (L22)

What they do

MVP HOUSING DEVELOPMENT FUND COMPANY is A 66 UNIT APARTMENT RESIDENCE WHICH PARTICIPATES IN THE UNITED STATES HOUSING and URBAN DEVELOPMENT SECTION 202 SUPPORTIVE HOUSING for THE ELDERLY PROGRAM, WHICH is THE ONLY FEDERALLY FUNDED HOUSING PROGRAM DESIGNED SPECIFICALLY for OLDER PERSONS. ELIGIBILITY for RESIDENCE is RESTRICTED USUALLY to PERSONS WHO ARE AT LEAST 62 YEARS of AGE and HAVE INCOME of BELOW 50 PERCENT of THEIR AREAS MEDIAN INCOME. APARTMENTS HAVE SPECIAL FEATURES SUCH AS GRAB BARS, and RAMPS to HELP OLDER PERSONS REMAIN SAFER and MORE INDEPENDENT AS THEY AGE. MVP HOUSING DEVELOPMENT FUND COMPANYS GOAL is to PROVIDE AFFORDABLE HOUSING to THE LOW INCOME, ELDERLY and DISABLED POPULATION of THE COMMUNITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.80 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 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 leaders20 people are listed in the latest report.

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

Money made simple

118.22%of revenue went to mission work85.8% of expenses · Program services

$137.84spent for every $100 of revenueSpending was higher than revenue this year.

19.63%of revenue went to management and office costs14.2% of expenses

$2.60in assets for every $1 spent this yearSome assets cannot be spent right away.

75.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $375,983 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $220,562 for TARA BUONOCORE-RUT (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

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 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$993,498

Mission workProgram services$1,174,496118.22% of revenue85.8% of expenses

ManagementOffice and general costs$194,98519.63% of revenue14.2% of expenses

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

Total expenses$1,369,481137.84% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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: 85.8% mission · 14.2% management · 0.0% fundraisingTotal expenses: 137.84% of revenue

2023Expense mix: 75.4% mission · 24.6% management · 0.0% fundraisingTotal expenses: 133.50% of revenue

2022Expense mix: 84.7% mission · 15.3% management · 0.0% fundraisingTotal expenses: 110.66% of revenue

2021Expense mix: 84.4% mission · 15.6% management · 0.0% fundraisingTotal expenses: 112.19% of revenue

2020Expense mix: 78.4% mission · 21.6% management · 0.0% fundraisingTotal expenses: 116.91% of revenue

2019Expense mix: 81.6% mission · 18.4% management · 0.0% fundraisingTotal expenses: 119.77% of revenue

2018Expense mix: 80.5% mission · 19.5% management · 0.0% fundraisingTotal expenses: 117.81% of revenue

2017Expense mix: 90.3% mission · 9.7% management · 0.0% fundraisingTotal expenses: 123.42% of revenue

Money in and money out

Revenue$993,498

Expenses$1,369,481

Annual shortfall $375,983 Expenses were higher than revenue 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)$1,174,496 · 85.8% of expenses

Management and office costs$194,985 · 14.2% of expenses

See all reported dollar amounts

Revenue$993,498

Expenses$1,369,481

Assets$3,559,331

Income$993,498

Contributions$746,262

Mission work (program services)$1,174,496

Management and general$194,985

Accounting fees$28,068

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

TARA BUONOCORE-RUTPRESIDENT/CEO $220,562Base · Other $220,562

LENY TIRTASAPUTRACFO $120,695Base · Other $120,695

EMINA TABAKOVICVP OF OPERATIONS $57,554Base · Other $57,554

ALICIA NELSON-JONESCHIEF COMPLIANCE OFFICER $55,318Base · Other $55,318

DAVID SILVA MOJICACHIEF HR OFFICER $54,798Base · Other $54,798

JUSTIN WALTERVP OF PERFORMANCE IMPROVEMENT $53,359Base · Other $53,359

ALIONA COCHIORVA VP OFSTRATEGIC INITIATIVES THRU DEC 2024 $46,089Base · Other $46,089

GILDA ST FLEURVP OF QUALITY $43,301Base · Other $43,301

JEANNIE DOHERTY-BENCKWITVP OF BUSINESS DEVELOPMENT $14,151Base · Other $14,151

SHAUN RUSKINEXEC. VP, CSO THRU JUNE 2024 $9,001Base · Other $9,001

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

TARA BUONOCORE-RUTPRESIDENT/CEO

LENY TIRTASAPUTRACFO

EMINA TABAKOVICVP OF OPERATIONS

ALICIA NELSON-JONESCHIEF COMPLIANCE OFFICER

DAVID SILVA MOJICACHIEF HR OFFICER

JUSTIN WALTERVP OF PERFORMANCE IMPROVEMENT

ALIONA COCHIORVA VP OFSTRATEGIC INITIATIVES THRU DEC 2024

GILDA ST FLEURVP OF QUALITY

JEANNIE DOHERTY-BENCKWITVP OF BUSINESS DEVELOPMENT

SHAUN RUSKINEXEC. VP, CSO THRU JUNE 2024

HOWARD KRAINTRUSTEE

HARVEY ISHOFSKYVICE CHAIRMAN

KENNETH ZUCKERBROTASST SEC/TREASURER, THRU NOV. 2024

MICHAEL R POTACKCHAIRMAN

MYRON SCHLANGERSECRETARY

NEIL HEYMANTRUSTEE

PALLAV RAGHUVANSHITRUSTEE

RUSSELL D FISHERTRUSTEE

STEPHEN KANTOR DDSTRUSTEE

FRED SGANGATRUSTEE

About this charity

Recognized since: January 1994
Location: 13665 37TH AVE, FLUSHING, NY 11354-4110
County: Queens
In care of: % BETH ABRAHAM HOSPITAL
Primary officer: LENY TIRTASAPUTRA, CFO

How to reach them

Phone(718) 519-4238

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: PKF OCONNOR DAVIES ADVISORY LLC
NTEE classification: Senior Citizens Housing & Retirement Communities (L22)
IRS tax category: Senior Citizens Housing & Retirement Communities