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← TURNING POINT HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2023

Filed by TURNING POINT HOUSING DEVELOPMENT FUND CORPORATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 4 March 2026. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,431,503 changed to $1,475,382
Total expenses
$1,512,878 changed to $1,531,605
Program service revenue
$1,431,503 changed to $1,270,477
Other revenue
$0 changed to $204,905
Total assets, end of year
$1,844,268 changed to $1,030,257
Total liabilities, end of year
$2,359,529 changed to $1,520,366
Net assets or fund balances, end of year
-$515,261 changed to -$490,109
Program services expenses
$1,298,172 changed to $1,316,899
Program service expenses (Part III)
$1,298,172 changed to $1,316,899

Listed only on the later return

  • Dmitriy Goyzman
  • Frank Lei
  • Janelle Farris

Totals

Total revenue
$1,431,503
Total expenses
$1,512,878
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,431,503
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,844,268
Total liabilities, end of year
$2,359,529
Net assets or fund balances, end of year
-$515,261
Program services expenses (Part IX)
$1,298,172
Management and general expenses
$214,706
Fundraising expenses
$0
Program service expenses (Part III)
$1,298,172

Program services were 85.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: GOV'T GRANTS & CONTRAC

    total $1,431,503 · related or exempt $1,431,503

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $459,118 · program services $459,118

  • 9 · Other employee benefits

    total $98,680 · program services $98,680

  • 10 · Payroll taxes

    total $35,123 · program services $35,123

  • 11g · Fees: other

    total $284,379 · program services $284,379

  • 16 · Occupancy

    total $83,788 · program services $83,788

  • 17 · Travel

    total $134 · program services $134

  • 24a · Other expenses: ADMIN EXPENSE ALLOCATIO

    total $214,706 · management and general $214,706

  • 24b · Other expenses: PROGRAM EXPENSE

    total $188,128 · program services $188,128

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $85,842 · program services $85,842

  • 24d · Other expenses: BAD DEBT AND LATE FEES

    total $54,377 · program services $54,377

  • 24e · All other expenses

    total $8,603 · program services $8,603

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,913 · end of year $3,449

  • 3 · Pledges and grants receivable

    beginning of year $1,280,289 · end of year $1,130,161

  • 10a · Land, buildings and equipment: cost or other basis

    $2,148,363

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,964,507

  • 10c · Land, buildings and equipment, net

    beginning of year $201,283 · end of year $183,856

  • 15 · Other assets

    beginning of year $567,775 · end of year $526,802

  • 17 · Accounts payable and accrued expenses

    beginning of year $329,034 · end of year $370,025

  • 25 · Other liabilities

    beginning of year $2,156,112 · end of year $1,989,504

  • 27 · Net assets without donor restrictions

    beginning of year -$433,886 · end of year -$515,261

Mission and programs · 2023

Mission

TO PROVIDE A 39-BED TRANSITIONAL HOUSING FACILITY FOR FEMALE YOUNG ADULTS AGED 18 TO 25 (AVAILABLE BY REFERRAL ONLY) AND TO PROVIDE FOOD, A RANGE OF COUNSELING SERVICES, AND REFERRALS TO PERMANENT HOUSING PLACEMENTS.

  • OPERATION OF A TITLE XI HOUSING FACILITY FOR PEOPLE FUNDED BY NEW YORK CITY DEPARTMENT OF HOMELESS SERVICES.

    Expenses $1,298,172 · Revenue $1,431,503

As filed on the 2023 return.

Listed in Part VII

  • Kishor Malavade

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Shawn Austin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Irene Van Slyke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Brooklyn Bureau Of Community Service

    SOLE VOTING MEMBER

    Total calculated
    $0
    Hours/week
    5 + 35 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541359349300424

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