Mission
KB25 HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO OWN AND OPERATE A RESIDENTIAL BUILDING FOR PERSONS OF LOW AND MODERATE INCOME.
Public Charity
KB25 HOUSING DEVELOPMENT FUND CORPORATION
KB25 HOUSING DEVELOPMENT FUND CORPORATION is a private foundation categorized as Public Charity based in NEW YORK, NY. Its most recent IRS filing (2024) reports revenue of $1.3M, expenses of $1.9M, total assets of $14.3M. Imperigo tracks 7 reported grants from this foundation totaling approximately $21.8M.
EIN: 470976556
NEW YORK, NY
Housing Development, Construction & Management
NTEE: L20
Latest filing: 2024
Total Revenue$1.3M
Total Expenses$1.9M
Total Assets$14.3M
Grants Given7
Grant Total$21.8M
Filing Years2019–2024
Where $100 goes at Kb25 Housing Development Fund Corporation
How Kb25 Housing Development Fund Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$96
Programs
the work itself
$4
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $96 for programs
$54
Kb25 Housing Development Fund Corporation was formed to own and operate a 56 unit residential building at 325 e
$42
Grant to phipps houses, an affiliate organization under irc 501(c)(3), to be used only for the purpose of promoting affordable housing
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
THE DEVELOPMENT OR MAINTENANCE OF LOW-INCOME OR AFFORDABLE HOUSING ON A TAX EXEMPT BASIS.
$765,000
THE DEVELOPMENT OR MAINTENANCE OF LOW-INCOME OR AFFORDABLE HOUSING ON A TAX EXEMPT BASIS.
$50,000
THE DEVELOPMENT OR MAINTENANCE OF LOW-INCOME OR AFFORDABLE HOUSING ON A TAX EXEMPT BASIS.
$650,000
THE DEVELOPMENT OR MAINTENANCE OF LOW-INCOME OR AFFORDABLE HOUSING ON A TAX EXEMPT BASIS.
$650,000
GENERAL
$245,000
Showing up to 5 of 7 total records — full history available with membership.
Officers & Directors
PRESIDENT/CEO
Adam Weinstein
VICE PRESIDENT AND SECRETA
James Robert Pigott Jr
TREASURER
Lukeman Ogunyinka
OUTGOING VICE PRESIDENT
Matthew Kelly
VICE PRESIDENT
Michael Wadman
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $1.3M | $1.9M | $14.3M |
| 2023 | $1.3M | $1.2M | $15.0M |
| 2022 | $1.2M | $1.9M | $15.0M |
| 2020 | $1.1M | $1.3M | $15.9M |
| 2019 | $1.2M | $1.3M | $16.3M |
Between 2019 and 2024, reported annual revenue grew from $1.2M to $1.3M (+13%), with total assets most recently reported at $14.3M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in NY.
NY
Full geographic grant map with state-by-state breakdown available with membership.