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Arverne East Phase 1 and Phase 2 Inc

EIN 86-3966436 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceWeak20 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF HOUSING PARTNERSHIP DEVELOPMENT CORPORATION.

Income
$39.4 million
Spending
$0
Largest source of income
government grants, 100%
Employees
0
Volunteers
3
Highest pay
$444,224, president & ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 20 out of 100. Higher than 0% of charities in its peer group (recreation and sports, $10m to $100m).

  • Independent board

    0 of 25

    0 of 2 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    0 of 5

    Reports that it does not keep minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF HOUSING PARTNERSHIP DEVELOPMENT CORPORATION. IN ORDER TO FULFILL ITS MISSION, THE ORGANIZATION COORDINATED ACTIVITIES FOR THE IMPROVEMENT OF THE WATERFRONT COMMUNITY IN FAR ROCKAWAY, NEW YORK. THE ORGANIZATION IS CURRENTLY WORKING ON A TEN YEAR PROJECT THAT INVOLVES THE FOLLOWING: 1. RENTAL AND HOMEOWNERSHIP OPPORTUNITIES FOR ALL, RANGING FROM THE FORMERLY HOMELESS TO LOW, MODERATE, MIDDLE, AND MARKET RATE HOUSEHOLDS.2. OVER 60 ACRES OF OUTDOOR RECREATION SPACE PROGRAMMED WITH A VARIETY OF ACTIVE AND PASSIVE USES.3. RETAIL AND COMMUNITY FACILITY SPACE DRIVEN BY LOCAL NEEDS AND SUPPORTING LOCAL JOBS AND BUSINESSES.4. LOCAL JOB CREATION FOR CONSTRUCTION TRADES, GREEN INFRASTRUCTURE, AGRICULTURE, BUILDING MAINTENANCE, AND CULINARY INDUSTRIES, PLUS OPPORTUNITIES FOR JOB TRAINING PROGRAMS ACROSS SECTORS.5. A COMMUNITY BUILT WITH RESILIENT AND SUSTAINABLE DESIGN FEATURES THAT PROACTIVELY COMBATS FUTURE IMPACTS OF CLIMATE CHANGE WHILE INTEGRATING STATEOFTHEART METHODS TO OPTIMIZE ENERGY EFFICIENCY.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2021.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.