LORMET HOUSING DEVELOPMENT FUND CORPORATION
BROOKLYN,
New York,
11211
EIN: 11-2727514
Housing, Shelter
DEMOGRAPHIC
ADDRESS
2 KINGSLAND AVE
11211
COUNTY
kings county, NY
ORGANIZATIONAL OVERVIEW & RANKINGS
LORMET HOUSING DEVELOPMENT FUND CORPORATION is a based in BROOKLYN, NY, focused on Housing, Shelter causes . Established in March 1990, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $2,065,434.00, this ranks 148,549 among 2,656,690 nonprofits nationally (Top 6%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 13,488 out of 159,053 organizations in NY (Top 9%).
In kings county, NY, the organization ranks 997 out of 18,995 nonprofits by assets (Top 6%), while locally in brooklyn, it stands at 994 among 18,866 organizations (Top 6%).
The organization reported annual revenue of $685,401.00, ranking 154,782 nationally (Top 6%) and 12,779 in NY (Top 9%).
Within its specific NTEE classification (L20Z - L: Housing, Shelter), which includes 1,569 similar organizations, LORMET HOUSING DEVELOPMENT FUND CORPORATION ranks 551 in assets (Top 35%) and 510 in revenue (Top 32%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Described in section 509 a 2 of the Code
Low income housing
NTEE COMMON CODE
L: Housing, Shelter
NTEE CODE
N/A
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2020
ACCOUNTING PERIOD
12
INCOME CODE
5: $500,000 to $999,999
INCOME AMOUNT
$685,401.00
FORM 990 REVENUE AMOUNT
$685,401.00
RULING DATE
03/1990
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$2,065,434.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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