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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 Restoring Communities Housing Development Fund Corporation

Restoring Communities Housing Development Fund Corporation

Fiscal year ending 2024. Filed on October 29, 2025.

150 Broadway 2101
New York, New York 10038

Restoring Communities Housing Development Fund Corporation (EIN: 45-4252738) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Restoring Communities Housing Development Fund Corporation, a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $301,125. The highest compensated employee at Restoring Communities Housing Development Fund Corporation is Salvatore D'Avola with fiscal year 2024 compensation of $301,125.

Revenue, expenses, and employee compensation

Revenue

$533,000

Expenses

$347,627

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Salvatore D'Avola
Assistant Secretary
$301,125
$0 $274,704 $26,421
Richard Pinner
Assistant Secretary
$0

Benchmark Employee Compensation

Non-Employee Board Members

Harold Shultz
President
Michael Wadman
Vice President
Tatiana Pena
Secretary
Victoria Barreca
Treasuter
Xiomara Pedraza
Outgoing Director

Mission Statement

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PERSERVING AND CREATING, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES, IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABLIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY.

Revisions to this organization profile

October 29, 2025:
2024 Restoring Communities Housing Development Fund Corporation 990 filed
October 30, 2024:
2023 Restoring Communities Housing Development Fund Corporation 990 filed
November 16, 2023:
2022 Restoring Communities Housing Development Fund Corporation 990 filed

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