Schermerhorn Housing Development Fund Corporation
Nonprofit profile at a glance
- EIN
- 161699777
- IRS 990-EZ coverage
- 2014–2025
- Forms available
- Form 990-EZ 2025
- Location
- New York, NY, USA
- Phone
- 2123899300
- Rating confidence
- Limited
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $90,094
- Liabilities
- $2,555,934
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- BRENDA ROSEN (PRESIDENT & CEO)
People named in this filing
- BRENDA ROSEN (PRESIDENT & CEO)
- KEVIN MORAN (CFO)
- NICHOLAS TSANG (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Schermerhorn housing development fund's primary exempt purpose is to acquire and/or develop property located in the county of kings in the city and state of New York for the benefit of breaking ground housing development fund and its affiliated tax-exempt organizations.
What it reported doing in 2025
Program service accomplishment 1schermerhorn housing development fund corporation is the managing member of the partnership entity that owns the low-income housing facility known as the schermerhorn. The eleven-story building offers 116 units for formerly homeless individuals with special needs and, including individuals living with HIV/AIDS. The remaining units are for low-income community residents, the majority of whom are actively pursuing careers in the performing arts and entertainment industries, such as local actors, dancers, singers and filmmakers. The actors fund, which co-sponsored the building, provides social services and emergency financial assistance, health care, housing, and employment and training services to people who work in performing arts and entertainment. As managing member, the organization did not undertake any active program service activities in 2025.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 41
- Sustainability: 0
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 50%; rating input score 50; 0th percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 28.37; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: -0% per year; rating input score 0; 38th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 5 of 6 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 12 filing years from 2014 to 2025
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.