The Promesa Housing Development Fund Corporation
Donations deductibleRevenue
$5.7m
year to 31 December 2024
Expenses
$7.1m
year to 31 December 2024
Total assets
$50.7m
$33.7m liabilities
Net assets
$17m
assets less liabilities
Directors and trustees
5
6.0 years on average
Staff
46
5 volunteers
Chair observed
≥6 yrs
Eliezer Rodriguez Esq
Left since last filing
0
no seats appear to have opened
The Promesa Housing Development Fund Corporation's network
5 peoplei5 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
5 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 5 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Eliezer Rodriguez ESQ Chair (also filed as Eliezer Rodriguez) | Chair | 2018 | 8 yrs |
| Arnie Segarra | Member | 2022 | 4 yrs |
| Carmen S Melero | Vice Chair | 2019 | 7 yrs |
| Gilbert Hernandez | Company secretary | 2024 | 2 yrs |
| Marybeth Hotaling | Treasurer | 2019 | 7 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
18 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Anne-Marie A Hendrickson | SR. VP of Affordable Housing | since 2023 |
| Cornelia Narovici | Construction Director | since 2022 |
| David Almonte | Director - Housing Development | since 2022 |
| David Collymore | CMO | since 2019 |
| David Glasel | Clo (Through 6/30/18) | 2018 |
| Hon Hector Diaz | President (Through 1/31/19) | since 2018 |
| Jose A Rodriguez | Chief legal officer/Exec. VP | since 2018 |
| Jose R Rodriguez | Clo | since 2019 |
| Lorraine Coleman | VP Real Estate Management | since 2018 |
| Luis Fernandez-Trinchet | Chief Housing Officer | since 2022 |
| Lymaris Albors | EVP/Chief of Staff | since 2018 |
| Milton Derienzo | EVP/Chief Financial Officer | since 2018 |
| Madelyn Lugo | Vice President | 2018 |
| Pamela Mattel | COO (Through 6/30/18) | 2018 |
| Ralph Declet | Div. Dir. Affordable Housing | 2018 |
| Raul Russi | President | since 2018 |
| Ramon Velez | Vice President | 2018 |
| Vicky Gatell | Chief Financial Officer | since 2022 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Lorraine Coleman | VP of Special Projects | 35 | $204k | $43k | |
| David Almonte | Director - Housing Development | 35 | $199k | $46k | |
| Anne-Marie A Hendrickson | Sr. VP of Afforable Housing | 35 | $194k | $14k | |
| Cornelia Narovici | Construction Director | 35 | $167k | $22k | |
| Raul Russi | President | 0 | $0 | $897k | $102k |
| Lymaris Albors | Chief Executive Officer | 0 | $0 | $837k | $56k |
| Jose A Rodriguez | Chief Legal Officer/Exec. VP | 0 | $0 | $562k | $30k |
| Vicky Gatell | Chief Financial Officer | 0 | $0 | $442k | $47k |
| Eliezer Rodriguez Esq | Chair | 1 | $0 | ||
| Carmen S Melero | Vice Chair | 1 | $0 | ||
| Marybeth Hotaling | Treasurer | 1 | $0 | ||
| Gilbert Hernandez | Secretary | 1 | $0 | ||
| Arnie Segarra | Member | 1 | $0 |
About
- Legal name
- The Promesa Housing Development Fund Corporation
- EIN
- 133608906
- Address
- 311 E 175th St, Bronx, NY, 10457-5859
- State
- New York
- Mission
- To combat community deterioration and lessen neighborhood tensions through the residential revitalization of the bronx and adjacent areas of bronx county. (as filed on the Form 990)
- Activity (NTEE)
- S210 Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 9 (IRS master file code)
- Formed
- 1990
- Principal officer
- Raul Russi (as named on the Form 990)
- IRS ruling date
- 1 June 1992
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Related organisations (Schedule R)
RelatedHousing1068 Franklin Avenue Housing DevelopmentRelatedHousing1675 Westchester Avenue Housing DevelopmRelatedHousing414-418 East 119th Street Greenhope HousRelatedSenior Servic607 Concord Avenue Housing Development F
Longest observed on the filings
≥8years on the filingsEliezer Rodriguez ESQ
≥7years on the filingsCarmen S Melero
≥7years on the filingsMarybeth Hotaling
≥4years on the filingsArnie Segarra
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $50.7m
- Total liabilities
- $33.7m
- Net assets or fund balances
- $17m
- Contributions and grants received
- $400k
- Program service revenue
- $5.3m
- Employees
- 46
- Volunteers
- 5
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $5.7m | $7.1m | Deficit $1.4m |
As filed on the IRS Form 990. US dollars.
State registration
1 entityiBusiness-entity registers published by US states. These records are matched to this organisation by name and state, not by EIN, and are labelled as likely matches. Street addresses are not shown.The Promesa Housing Development Fund Corporation likely matchiMatched by exact name and state (and ZIP where shown). State registers do not publish EINs, so this is not a confirmed match. Source: New York Department of State, active corporations (data.ny.gov n9v6-gdp6). Licence: New York open data terms of use. Data last fetched 18 October 2026.
- State
- New York
- Entity type
- Domestic Not-For-Profit Corporation
- Status
- Active
- Formed
- 13 August 1990
- Registered agent
- Not stated