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Organizations Community Improvement & Capacity Building Promesa Housing Development Fund Corporation Inc

Promesa Housing Development Fund Corporation Inc

Fiscal year ending 2017. Filed on November 13, 2018.

311 East 175th Street
Bronx, New York 10457

Promesa Housing Development Fund Corporation Inc (EIN: 13-3608906) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2017 IRS Form 990 filing, Promesa Housing Development Fund Corporation Inc, a 501(c)(3) charitable organization, reported compensation for 10 employees. Among the employees shown here, the average compensation is $379,187. The highest compensated employee at Promesa Housing Development Fund Corporation Inc is Raul Russi with fiscal year 2017 compensation of $812,662.

Revenue, expenses, and employee compensation

Revenue

$9,757,490

Expenses

$8,657,022

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Raul Russi
Chief Executive Officer
$812,662
$7,259 $740,301 $65,102
Pamela Mattel
Chief Operating Officer
$488,207
$3,997 $421,289 $62,921
David Glasel
CLO
$425,606
$3,960 $397,285 $24,361
Milton Derienzo
Chief Financial Officer
$382,140
$3,764 $377,393 $983
Jose A Rodriguez
Executive Vice President Special Counsel
$371,642
$3,437 $343,787 $24,418
Hector L Diaz
President
$311,094
$2,325 $296,315 $12,454
Ralph Declet
Vice President
$302,126
$264,898 No related comp$37,228
Maria Carmen Arroyo
Vice President, Administration
$284,231
$2,556 $256,115 $25,560
Julita Jastrzab
Medical Director
$283,556
$0 $262,120 $21,436
Tomas del Rio
Former Chief Financial Officer
$130,608
$1,151 $115,587 $13,870

Benchmark Employee Compensation

Non-Employee Board Members

Carlos Laboy-Diaz
Chair
Eliezer Rodrigeuz
Treasurer
Ingle Stephens
Member
Pedro Falcon
Secretary

Contractors

Laxmi Management LLC
Management
$2,260,744
Tyler's Dimes LLC
Rent
$1,620,000
Nbx Acquisition LLC
Rent
$905,930
My NYC LLC
Rent
$603,357
Perkins Eastman Architects Dpc
Architecture
$284,078

Mission Statement

TO COMBAT COMMUNITY DETERIORATION AND LESSEN NEIGHBORHOOD TENSIONS THROUGH THE RESIDENTIAL REVITALIZATION OF THE BRONX AND ADJACENT AREAS OF BRONX COUNTY.

Revisions to this organization profile

November 10, 2025:
2024 Promesa Housing Development Fund Corporation Inc 990 filed
November 13, 2024:
2023 Promesa Housing Development Fund Corporation Inc 990 filed
November 15, 2023:
2022 Promesa Housing Development Fund Corporation Inc 990 filed

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