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Israel Senior Citizens Housing Development Fund Corporation

New York, NY · EIN 11-2077747 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Israel Senior Citizens Housing Development Fund Corporation reported $12.2 million in revenue and $13.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $64.20 went to program services, $35.80 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.8% of the total. The highest compensation it reported for one person was $536,369 (OUTGOING CEO). Revenue rose 121% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $13M

For context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $12M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 933 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
64.2%87.5%
Management & general
Part IX 25(C) ÷ 25(A)
35.8%10.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
1.5%17.0%
Government grants share of revenue
Part VIII 1e ÷ 12
1.5%1.0%
Program service revenue share
Part VIII 2g ÷ 12
97.8%66.2%
Highest reported compensation
Part VII-A, columns D–F
$536,369$300,863
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
4.03%1.57%
People paid over $100,000
Part VII, line 2
05
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
-32.610.0
Independent voting board members
Part VI 1a–1b
1 of 3100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$8.5M expenses · 100.0% of program spending · revenue $12M

The corporation provides affordable housing and auxiliary facilities for older adults of low income. The project consists of 512 units located in queens, new york. In addition, the organization provides an on-site service coordinator to promote wellness activities and to support residents living independently in the community

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
OUTGOING CEO
Officer, 1.00 hrs/week
$0$468,755$67,614$536,369
VP/SECRETARY
Director/trustee, officer, 1.00 hrs/week
$0$301,817$15,035$316,852
CFO
Officer, 1.00 hrs/week
$0$238,985$48,831$287,816
TREASURER
Director/trustee, officer, 1.00 hrs/week
$0$230,239$25,271$255,510

0 people received more than $100,000 in reportable compensation from Israel Senior Citizens Housing Development Fund Corporation (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$12M$13M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$12M$13M64.2%−$36M$536,369
FY2024 ⓘ$12M$34M23.6%−$35M$510,263
FY2023 ⓘ$11M$9.4M84.6%−$13M$474,411
FY2022 ⓘ$10M$7.7M91.0%−$15M$463,039
FY2021 ⓘ$8.7M$28M22.3%−$18M$468,142
FY2020 ⓘ$5.5M$6.0M88.9%$1.5M$432,706

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b3 · 1 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 548
  • Volunteers Part I, line 61

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
BARAMI CONSTRUCTION CORP
Construction services
$580,308
LINDI CONSTRUCTION GROUP INC
Construction services
$554,768
JS CONSTRUCTION GROUP INC
Construction services
$420,746
LSG SYSTEM GROUPINC
Telecommunications service
$288,614
CENTENNIAL ELEVATOR INDUSTRIES INC
Elevator repairs
$205,964

Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Israel Senior Citizens Housing Development Fund Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Israel Senior Citizens Housing Development Fund Corporation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All housing & shelter charities · Largest charities in New York

Questions people ask

How much of Israel Senior Citizens Housing Development Fund Corporation's spending goes to programs?

In the fiscal year ending June 30, 2025, Israel Senior Citizens Housing Development Fund Corporation reported that 64.2% of its $13.3 million in expenses went to program services, 35.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Israel Senior Citizens Housing Development Fund Corporation pay its top executive?

The largest total compensation Israel Senior Citizens Housing Development Fund Corporation reported for one person in the fiscal year ending June 30, 2025 was $536,369, for the role of OUTGOING CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Israel Senior Citizens Housing Development Fund Corporation get its money?

Of $12.2 million in revenue in the fiscal year ending June 30, 2025, 1.5% came from contributions and grants (including 1.5% from government grants) and 97.8% from program service revenue (Form 990, Part VIII).

Is Israel Senior Citizens Housing Development Fund Corporation a registered charity?

The IRS lists EIN 11-2077747 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641339349300009 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531349349302923 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349304014 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321339349302007 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220759349300902 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111259349300536 · read the filing

All filings for EIN 11-2077747: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.