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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 Madison Street Housing Development Fund Corporation

Madison Street Housing Development Fund Corporation

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

141 Norfolk St Ground Floor
New York, New York 10002

Madison Street Housing Development Fund Corporation (EIN: 81-1725502) has filed an IRS Form 990 since fiscal year 2018. In its fiscal year 2024 IRS Form 990 filing, Madison Street 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 Madison Street Housing Development Fund Corporation is Thomas Yu with fiscal year 2024 compensation of $345,979.

Revenue, expenses, and employee compensation

Revenue

$264,150

Expenses

$381,456

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 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

THE CORPORATION WAS ESTABLISHED FOR THE PURPOSES OF DEVELOPING AND OPERATING, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME IN NEW YORK CITY WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.

Revisions to this organization profile

October 21, 2025:
2024 Madison Street Housing Development Fund Corporation 990 filed
October 30, 2024:
2023 Madison Street Housing Development Fund Corporation 990 filed
October 12, 2023:
2022 Madison Street Housing Development Fund Corporation 990 filed

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