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Organizations 345 Ovington Avenue Housing Development Fund Corporation

345 Ovington Avenue Housing Development Fund Corporation

Fiscal year ending 2024. Filed on October 21, 2025.

108 Norfolk Street
New York, New York 10002

345 Ovington Avenue Housing Development Fund Corporation (EIN: 99-3106866) has filed an IRS Form 990 in fiscal year 2024. In its fiscal year 2024 IRS Form 990 filing, 345 Ovington Avenue Housing Development Fund Corporation, a 501(c)(3) charitable organization, reported compensation for 5 employees. Among the employees shown here, the average compensation is $248,537. The highest compensated employee at 345 Ovington Avenue Housing Development Fund Corporation is Thomas Yu with fiscal year 2024 compensation of $345,979.

Revenue, expenses, and employee compensation

Revenue

$181,652

Expenses

$168,132

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Thomas Yu
President and Executive Director
$345,979
$0 $284,107 $61,872
Hui-Yuan Nelson Chan
Treasurer/Mang. Director of REAL Estate
$270,854
$0 $206,467 $64,387
Hsueh Lam Yan
Secretary/Dir. Asset and PROP MGT
$220,267
$0 $193,724 $26,543
My T Chang
Vp/Chief of Staff
$208,865
$0 $199,435 $9,430
Joy Suzzane
Chief Accounting Officer (Outgoing)
$196,718
$0 $175,272 $21,446

Benchmark Employee Compensation

Mission Statement

PARTNERSHIP WITH NEW YORK STATE ATTORNEY GENERAL, NEW YORK HOMES AND COMMUNITY RENEWAL (HCR) AND THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT (HPD), STABILIZATION OF A 23 UNITS RESIDENTIAL BUILDING IN BAY RIDGE, BROOKLYN. THE CURRENT RESIDENTS ARE ON THEIR WAY TO BECOMING HOMEOWNERS AS AN AFFORDABLE CO-OP.

Revisions to this organization profile

October 21, 2025:
2024 345 Ovington Avenue Housing Development Fund Corporation 990 filed

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