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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 Community Improvement & Capacity Building Promesa Housing Development Fund Corporation Inc

Promesa Housing Development Fund Corporation Inc

Fiscal year ending 2020. Filed on November 15, 2021.

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 2020 IRS Form 990 filing, Promesa Housing Development Fund Corporation Inc, a 501(c)(3) charitable organization, reported compensation for 5 employees. Among the employees shown here, the average compensation is $582,193. The highest compensated employee at Promesa Housing Development Fund Corporation Inc is Raul Russi with fiscal year 2020 compensation of $1,103,990.

Revenue, expenses, and employee compensation

Revenue

$10,310,413

Expenses

$9,809,899

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Raul Russi
President and Chief Executive Officer
$1,103,990
$0 $1,037,889 $66,101
Jose R Rodriguez
CLO
$551,872
$0 $515,162 $36,710
Lymaris Albors
Chief Operating Officer
$535,248
$0 $501,299 $33,949
Milton Derienzo
Chief Financial Officer
$402,694
$0 $402,694 No other comp
David Collymore
CMO
$317,161
$0 $302,546 $14,615

Benchmark Employee Compensation

Non-Employee Board Members

Aileen Betances
Member
Carlos Laboy-Diaz
Chair
Carmen S Melero
Member
Eduardo Alayon
Treasurer
Eliezer Rodriguez
Vice Chair
Ingle Stephens
Member
Marybeth Hotaling
Member
Pedro Falcon
Secretary

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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