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New York · Nonprofit

129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION

129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION (New York) receives grants from 1 organization whose IRS filings report $134,500 to it, the largest being FIFTH AVENUE COMMITTEE INC ($134,500). 1 of them have funded it in more than one year.

Revenue FY2025
$72k
Funders on record
1
Grants received
$135k
Net assets
$187k
1/1 repeat funderspeak grant-dependency 24%
01What it does

What 129 23rd Street Housing Development Fund Corporation does

Mission

The mission of the organization is to own and operate an apartment building for qualified low income individuals in the brooklyn, new york area.

As stated on its FY2025 Form 990.

Program

  1. The corporation was formed to provide low-income housing facilities and operate 6 residential units located at 713 third avenue in brooklyn, new york (the "project") under the confines of the regulatory agreements with the new york city department of housing preservation and development ("nyc hpd").

    $172,262 spent$45,414 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $172,262.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($81k) Expenses 100 ($134k) Net assets 100 ($444k)2021 Revenue 105 ($85k) Expenses 102 ($136k) Net assets 94 ($416k)2022 Revenue 131 ($106k) Expenses 106 ($142k) Net assets 86 ($381k)2023 Revenue 126 ($103k) Expenses 116 ($155k) Net assets 74 ($328k)2024 Revenue 190 ($155k) Expenses 107 ($143k) Net assets 77 ($340k)2025 Revenue 88 ($72k) Expenses 169 ($225k) Net assets 42 ($187k)
202020212022202320242025
Revenue (88)Expenses (169)Net assets (42)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $504k to $562k (+11%).

$497k
$478k
$469k
$503k
$504k
$562k
202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2024 6% · 2025 36%. Grants only. Government contracts and fees sit inside program revenue.

36% of 129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (52% for the typical peer).

This organization
Typical peer · 3,628 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 6 reported years ran a deficit.

−$52k
’20
−$51k
’21
−$35k
’22
−$53k
’23
$12k
’24
−$154k
’25
0.5
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

202020212022202320242025
Listed334333
Joined·+0+1+0+0+0
No longer listed·00100
03Who funds it

Who funds it, year by year

2022 → 2023: the base held at 1 funder, grant income held at $25k.

Funder
'22
'23
'24*
total
funders
1
1
1

From the IRS filings of 129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of 129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION's grant income comes from New York funders.

NY

In-state vs out-of-state, by year

’22
’23
New York out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION receives grants from 1 organization whose IRS filings report $135k to it.

Operating margin−215% · bottom quartile
Months of reserve0.5mo · bottom quartile
Revenue growth (annualized)−2% · below the median

this organization peer median middle 50% of peers· 2,318 housing & shelter nonprofits under $100k, FY2025

Organizations like 129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

76% of spending goes to programs.

Program 76%Management 24%Fundraising 0%

Governance

3
board members
67%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

90%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

NY

Part of a family of 40 related entities

  • 130 29th Street Housing Development Fund Corporation · exempt
  • 50th Street Housing Development Fund Corporation · exempt
  • 573 Warren Street Housing Development Fund Corporation · exempt
  • 575 Fifth Avenue Housing Development Fund Corporation · exempt
  • Fac Advance Housing Development Fund Corporation · exempt

Screen this organization

A dated, signed PDF of the compliance screen for 129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds 129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION?
129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION (New York) receives grants from 1 organization whose IRS filings report $134,500 to it, the largest being FIFTH AVENUE COMMITTEE INC ($134,500). 1 of them have funded it in more than one year.
How many funders does 129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION have?
IRS filings report 1 organization giving $134,500 in grants to 129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION, 1 of which have funded it in more than one year.
Who is the largest funder of 129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION?
FIFTH AVENUE COMMITTEE INC is the largest funder on record, with $134,500 in grants. The full list of funders is on this page.
How can an organization like 129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds 129 23rd Street Housing Development →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing