New York, NY

Council Towers V Housing Development Fund Corporation

EIN 20-5686282

Housing, Food & Basic Needs Affordable Housing & Tenant Rights Seniors Low-income

Mission

Operate and maintain affordable, federally subsidized senior housing at Council Towers V (Co-op City) to provide safe, stable rental apartments and rental assistance for low-income older adults.

IRS-recognized 501(c)(3) public charity Contributions are tax-deductible

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About Council Towers V Housing Development Fund Corporation

Council Towers V Housing Development Fund Corporation (EIN confirmed as 20-5686282) is an active New York State HDFC that operates a federally subsidized Section 202 senior housing development at 789 Co-op City Boulevard in the Bronx. The organization is managed as a subordinate housing entity within the portfolio of Met Council (Metropolitan Council on Jewish Poverty) and uses Met Council’s administrative and property-management structures.

The entity files annual Form 990 returns and has recent public financial filings through fiscal year ending December 31, 2023. In recent years (2021–2024) the organization’s reported revenues have been generated almost entirely from program service income tied to housing operations; it continued tenant intake activity (applications/waitlist) and property management activity during 2023–2024 while reporting operating deficits on its standalone tax filings as it remains managed within Met Council’s housing portfolio.

Notable achievements

Ongoing Section 202 senior housing operations

Continued operation of a federally subsidized Section 202 senior housing development serving low-income older adults in Co-op City, Bronx, including accepting applications/waitlist activity in 2024.

Sustained program-service revenue

Reported program-service revenues in recent filings (fiscal years 2021–2023) that fund ongoing housing operations and tenant services, demonstrating continued service delivery despite operating-level deficits on standalone statements.

Integrated management under Met Council

Functioned as a subordinate HDFC within Met Council’s affordable-housing portfolio, leveraging Met Council’s property-management and regulatory-compliance capacity to maintain tenant services and regulatory compliance.

At a glance

Total assets: $10.9M
Annual revenue: $1.5M
Tax status: 501(c)(3)Public charity
EIN: 20-5686282
Location: New York, NY
Website: metcouncil.org
On Mahalo since: May 2026

Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.

Recognition

Designated 501(c)(3) tax-exempt organization (IRS ruling year 2007) and listed in public nonprofit registries and Form 990 filings (EIN 20-5686282).

Participant in HUD/NYC-supported affordable housing programs (Section 202 senior housing), qualifying the property for federal rental subsidy and program oversight.

Managed within the Met Council housing portfolio, enabling access to an established nonprofit property-management and resident-services infrastructure.

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