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

Promesa Housing Development Fund Corporation Inc

Fiscal year ending 2018. Filed on November 15, 2019.

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 2018 IRS Form 990 filing, Promesa Housing Development Fund Corporation Inc, a 501(c)(3) charitable organization, reported compensation for 11 employees. Among the employees shown here, the average compensation is $360,281. The highest compensated employee at Promesa Housing Development Fund Corporation Inc is Raul Russi with fiscal year 2018 compensation of $831,952.

Revenue, expenses, and employee compensation

Revenue

$9,718,930

Expenses

$9,482,506

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Raul Russi
Chief Executive Officer
$831,952
$0 $773,181 $58,771
Pamela Mattel
COO (Through 6/30/18)
$530,862
$0 $472,149 $58,713
Jose A Rodriguez
CLO (From 7/1/18)
$414,775
$0 $368,889 $45,886
Milton Derienzo
Executive Vice President and Chief Financial Officer
$409,973
$0 $398,305 $11,668
David Glasel
CLO (Through 6/30/18)
$331,417
$0 $312,156 $19,261
Hon Hector Diaz
President
$321,066
$0 $307,188 $13,878
Ralph Declet
DIV Director Affordable Housing
$300,190
$0 $265,399 $34,791
Lymaris Albors
Evp/Chief of Staff
$241,624
$0 $232,775 $8,849
Lorraine Coleman
Vice President Real Estate Management
$200,456
$0 $171,573 $28,883
Madelyn Lugo
Vice President
$200,430
$0 $176,979 $23,451
Ramon Velez
Vice President
$180,347
$0 $157,706 $22,641

Benchmark Employee Compensation

Non-Employee Board Members

Carlos Laboy-Diaz
Board Chair
Eduardo Alayon
Treasurer
Eliezer Rodriguez
Vice Chair
Ingle Stephens
Member
Pedro Falcon
Secretary

Contractors

Laxmi Management LLC
Management
$2,250,000
Tyler's Dimes LLC
Rent
$1,620,000
Nbx Acquisition LLC
Rent
$906,098
My NYC LLC
Rent
$596,533
Danaryn Services LLC
IT Consulting
$145,589

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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