KB25 Housing Development Fund Corporation
KB25 Housing Development Fund Corporation was formed to own and operate a residential building for persons of low and moderate income.
KB25 Housing Development Fund Corporation at a glance
In short: KB25 Housing Development Fund Corporation gave $765K across 1 grant in 2024 (avg $765K), mostly in New York. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $765,000
- +1430.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $765,000
- +1430.0% vs 2023
- Median grant
- $765,000
- Total assets
- $14,331,668
- -4.6% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who KB25 Housing Development Fund Corporation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Phipps Houses ($765K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 2 grants of 5 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How KB25 Housing Development Fund Corporation gives
- Giving grew 128% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $50K (2023) to $765K (2024). In 2024 it made 1 grant totaling $765K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Phipps Houses New York, NY | The development or maintenance of low-income or affordable housing on a tax exempt basis. | $765,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $14,331,668 | $1,327,715 | $1,894,679 | $765,000 | 1 | $1,193 |
| 2023 | $15,017,009 | $1,345,394 | $1,224,233 | $50,000 | 1 | $1,070 |
| 2022 | $14,959,638 | $1,157,387 | $1,929,669 | $650,000 | 1 | $483 |
| 2021 | $15,497,020 | $1,060,355 | $1,418,629 | $335,000 | 1 | $16 |
| 2020 | $15,872,026 | $1,087,699 | $1,316,035 | $245,000 | 1 | $290 |
About KB25 Housing Development Fund Corporation
Based on IRS filings
KB25 Housing Development Fund Corporation is a public charity focused on Housing & Shelter, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14.3M in total assets. In 2024, it awarded 1 grant totaling $765K. Net investment income was $1K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
KB25 Housing Development Fund Corporation is led by Adam Weinstein, President & CEO since 2022 (on filings since 2020); none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Adam Weinstein
President & CEO
President → President & CEO, 2022
On filings since 2020
1 hr/week
$791K (2021) → $0 (2024)
James Robert Pigott Jr.
Vice President & Secretary
Secretary → Vice President & Secretary, 2022
On filings since 2020
1 hr/week
$330K (2021) → $0 (2024)
Matthew Kelly
Outgoing Vice President
Vice President → Outgoing Vice President, 2024
On filings since 2020
1 hr/week
$327K (2021) → $0 (2024)
Michael Wadman
Vice President
On filings since 2020
1 hr/week
$301K (2021) → $0 (2024)
Lukeman Ogunyinka
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Former officers (1)
- Former: Brian Bricker (2020–2022) — Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $791K, to Adam Weinstein (President). 5 officers or directors reported compensation on that filing.
Frequently asked questions about KB25 Housing Development Fund Corporation
How much does KB25 Housing Development Fund Corporation give each year?
KB25 Housing Development Fund Corporation gave $765K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $50K across 1 grant.
How large is KB25 Housing Development Fund Corporation?
KB25 Housing Development Fund Corporation reported $14.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.3M.
What is KB25 Housing Development Fund Corporation?
KB25 Housing Development Fund Corporation is a public charity focused on Housing & Shelter, based in New York, NY. It holds $14.3M in total assets as of 2024.
Where does KB25 Housing Development Fund Corporation operate?
KB25 Housing Development Fund Corporation has awarded grants in New York.
What is KB25 Housing Development Fund Corporation's EIN?
KB25 Housing Development Fund Corporation's EIN (Employer Identification Number) is 47-0976556. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 24, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 15, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work KB25 Housing Development Fund Corporation funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in KB25 Housing Development Fund Corporation's focus areas in our free grants database
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Figures come from KB25 Housing Development Fund Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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