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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Housing & Shelter Fortune Housing Development Fund Corporation

Fortune Housing Development Fund Corporation

Fiscal year ending 2024. Filed on November 17, 2025.

29-76 Northern Boulevard
Long Island City, New York 11101

Fortune Housing Development Fund Corporation (EIN: 13-4127747) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, Fortune Housing Development Fund Corporation, a 501(c)(3) charitable organization, reported compensation for 3 employees. Among the employees shown here, the average compensation is $285,086. The highest compensated employee at Fortune Housing Development Fund Corporation is Stanley Richards with fiscal year 2024 compensation of $327,479.

Revenue, expenses, and employee compensation

Revenue

$0

Expenses

$54,141

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Stanley Richards
President and Chief Executive Officer
$327,479
$0 $280,356 $47,123
Steven Hickman
Chief Financial Officer
$286,400
$0 $223,735 $62,665
Sherry Goldstein
Treasurer
$241,379
$0 $219,875 $21,504

Benchmark Employee Compensation

Non-Employee Board Members

Betty P Rauch
Board Member

Mission Statement

THE ORGANIZATION WAS ORGANIZED FOR THE PURPOSE OF DEVELOPING AND OPERATING LOW INCOME HOUSING.

Revisions to this organization profile

November 17, 2025:
2024 Fortune Housing Development Fund Corporation 990 filed
November 13, 2024:
2023 Fortune Housing Development Fund Corporation 990 filed
November 16, 2023:
2022 Fortune Housing Development Fund Corporation 990 filed

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