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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 Lower East Side Housing Development Fund Company Inc.

Lower East Side Housing Development Fund Company Inc.

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

141 Norfolk Street
New York, New York 10002

Lower East Side Housing Development Fund Company Inc. (EIN: 81-0856461) has filed an IRS Form 990 since fiscal year 2018. In its fiscal year 2024 IRS Form 990 filing, Lower East Side Housing Development Fund Company Inc., 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 Lower East Side Housing Development Fund Company Inc. is Thomas Yu with fiscal year 2024 compensation of $345,979.

Revenue, expenses, and employee compensation

Revenue

$386,429

Expenses

$310,157

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
Director, Asset and Property MGMT
$220,267
$0 $193,724 $26,543
My T Chang
VICE President/Chief of Staff
$208,865
$0 $199,435 $9,430
Joy Suzanne Granado
Chief Accounting Officer (Outgoing)
$196,718
$0 $175,272 $21,446

Benchmark Employee Compensation

Non-Employee Board Members

No board members were reported during this fiscal year.

Mission Statement

LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY, INC., WAS FORMED TO PROMOTE, ENCOURAGE, PROVIDE AND SPONSOR THE DEVELOPMENT OF HOUSING AND RELATED FACILITIES FOR PERSONS OF LOW INCOME AND LIMITED MEANS. THE FUND WAS CREATED TO ALLEVIATE HARDSHIP AND SUFFERING TO A DISADVANTAGED GROUP THAT WAS BROUGHT ABOUT DUE TO INADEQUATE HOUSING AND LIVING ARRANGEMENTS.

Revisions to this organization profile

October 21, 2025:
2024 Lower East Side Housing Development Fund Company Inc. 990 filed
October 29, 2024:
2023 Lower East Side Housing Development Fund Company Inc. 990 filed
October 2, 2023:
2022 Lower East Side Housing Development Fund Company Inc. 990 filed

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