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Nonprofiteer
← ACACIA NETWORK HOUSING INC

Form 990 for tax year 2023

Filed by ACACIA NETWORK HOUSING INC.

Totals

Total revenue
$333,355,294
Total expenses
$332,723,514
Contributions and grants received
$328,581,381
Grants paid
$0
Program service revenue
$3,939,512
Investment income
$4,530
Other revenue
$829,871
Total assets, end of year
$413,375,110
Total liabilities, end of year
$406,520,750
Net assets or fund balances, end of year
$6,854,360
Program services expenses (Part IX)
$317,211,391
Management and general expenses
$15,512,123
Fundraising expenses
$0
Program service expenses (Part III)
$317,211,391

Program services were 95.3% 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.

  • 1e · Government grants (contributions)

    $328,579,535

  • 1f · All other contributions, gifts and grants

    $1,846

  • 2a · Program service revenue: PROGRAM FEES

    total $3,939,512 · related or exempt $3,939,512

  • 3 · Investment income

    total $4,530 · excluded $4,530

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $829,871 · related or exempt $829,871

  • 11e · Other revenue, total

    $829,871

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $286,573 · management and general $286,573

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $52,992,058 · program services $50,829,497 · management and general $2,162,561

  • 8 · Pension plan contributions

    total $978,028 · program services $898,571 · management and general $79,457

  • 9 · Other employee benefits

    total $5,674,238 · program services $5,254,890 · management and general $419,348

  • 10 · Payroll taxes

    total $5,029,138 · program services $4,768,502 · management and general $260,636

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $101,966 · program services $23,131 · management and general $78,835

  • 11c · Fees: accounting

    total $301,289 · program services $21,440 · management and general $279,849

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,090,440 · program services $124,230 · management and general $966,210

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,274,844 · program services $740,535 · management and general $534,309

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $232,412,885 · program services $231,814,824 · management and general $598,061

  • 17 · Travel

    total $769,669 · program services $705,747 · management and general $63,922

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $44,546 · program services $2,583 · management and general $41,963

  • 20 · Interest

    total $21,298 · management and general $21,298

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $881,466 · program services $523,703 · management and general $357,763

  • 23 · Insurance

    total $2,455,198 · program services $2,029,125 · management and general $426,073

  • 24a · Other expenses: CLIENT EXPENSES

    total $19,583,878 · program services $19,474,613 · management and general $109,265

  • 24b · Other expenses: ADMINISTRATIVE FEE

    total $8,826,000 · management and general $8,826,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,845 · end of year $10,378

  • 2 · Savings and temporary cash investments

    beginning of year $17,863,623 · end of year $21,110,811

  • 3 · Pledges and grants receivable

    beginning of year $210,043,703 · end of year $229,864,968

  • 4 · Accounts receivable

    beginning of year $24,657,911 · end of year $24,928,470

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $4,468,715 · end of year $5,203,080

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,100,177 · end of year $5,620,537

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

    $11,492,862

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

    $8,347,498

  • 10c · Land, buildings and equipment, net

    beginning of year $3,302,424 · end of year $3,145,364

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $92,784,583 · end of year $123,491,502

  • 17 · Accounts payable and accrued expenses

    beginning of year $95,394,493 · end of year $89,234,450

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $25,672 · end of year $25,672

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,500,000 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $259,089,236 · end of year $317,260,628

  • 27 · Net assets without donor restrictions

    beginning of year $6,222,580 · end of year $6,854,360

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

PROVIDES TEMPORARY HOUSING AND HOUSING ASSISTANCE TO HOMELESS FAMILIES AND SINGLES IN NEW YORK CITY; PROVIDES ANCILLARY SOCIAL SERVICES, FOOD, CLOTHING, ACCESS TO MEDICAL SERVICES AND FINDS PERMANENT HOUSING AND JOBS TO THOSE FAMILIES.

Activities or mission (Part I)

Provides Temporary Housing and Housing Assistance To Homeless Families and Singles In NYC.

  • Acacia Network Housing, Inc. ("ANH") Is A Dynamic and growing not for profit organization that provides transitional housing for the homeless and the assistance to help these families and individuals find permanent residences. While clients are with ANH, families and individuals receive numerous integrated supportive services to help them attain their goal of permanent housing. These services include individual assessments of impediments that people may have in achieving their housing goals and referrals to Medical, Psychological, Educational, Day care and Employment resources to help people receive needed medical care and develop the skills and Motivation to find jobs and homes. Case workers meet with clients frequently to gauge their progress and to provide additional supports as necessary.

    Expenses $317,211,391 · Revenue $4,769,383

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Raul Russi

    PRESIDENT

    Total calculated
    $980,006
    From this org
    $0
    From related orgs
    $909,372
    Other
    $70,634
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $698,458 related
    Bonus
    $0 + $210,914 related
    Other
    $0
    Deferred
    $0 + $22,875 related
    Nontaxable benefits
    $0 + $47,759 related
    Filer's total
    $0 + $980,006 related

  • Lymaris Albors

    Chief Executive Officer

    Total calculated
    $842,965
    From this org
    $0
    From related orgs
    $803,886
    Other
    $39,079
    Hours/week
    2 + 33 related

    Schedule J breakdown matched by us

    Base
    $0 + $620,142 related
    Bonus
    $0 + $183,744 related
    Other
    $0
    Deferred
    $0 + $22,579 related
    Nontaxable benefits
    $0 + $16,500 related
    Filer's total
    $0 + $842,965 related

  • Jose A Rodriguez

    Chief Legal Officer/Exec VP

    Total calculated
    $639,637
    From this org
    $0
    From related orgs
    $602,553
    Other
    $37,084
    Hours/week
    2 + 33 related

    Schedule J breakdown matched by us

    Base
    $0 + $504,163 related
    Bonus
    $0 + $98,390 related
    Other
    $0
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $21,834 related
    Filer's total
    $0 + $639,637 related

  • Vicky Gatell

    Chief Financial Officer

    Total calculated
    $497,576
    From this org
    $0
    From related orgs
    $454,869
    Other
    $42,707
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,001 related
    Bonus
    $0 + $73,868 related
    Other
    $0
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $27,457 related
    Filer's total
    $0 + $497,576 related

  • Alfredo Matthews

    SVP of Transitional Housing

    Total calculated
    $296,741
    From this org
    $239,456
    From related orgs
    $0
    Other
    $57,285
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $219,456
    Bonus
    $20,000
    Other
    $0
    Deferred
    $9,655
    Nontaxable benefits
    $47,630
    Filer's total
    $296,741

  • Kevin Heslop

    SVP/EVP of Finance

    Total calculated
    $286,573
    From this org
    $227,807
    From related orgs
    $0
    Other
    $58,766
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $227,807
    Bonus
    $0
    Other
    $0
    Deferred
    $11,136
    Nontaxable benefits
    $47,630
    Filer's total
    $286,573

  • Amarilis A Soler

    VP OF TRANSITIONAL HOUSING

    Total calculated
    $230,661
    From this org
    $175,044
    From related orgs
    $0
    Other
    $55,617
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $163,044
    Bonus
    $12,000
    Other
    $0
    Deferred
    $7,987
    Nontaxable benefits
    $47,630
    Filer's total
    $230,661

  • Jessica McGhee

    VP OF TRANSITIONAL HOUSING

    Total calculated
    $208,433
    From this org
    $173,773
    From related orgs
    $0
    Other
    $34,660
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $161,773
    Bonus
    $12,000
    Other
    $0
    Deferred
    $4,782
    Nontaxable benefits
    $29,878
    Filer's total
    $208,433

  • Abel Varughese

    AVP of Finance

    Total calculated
    $152,722
    From this org
    $117,156
    From related orgs
    $0
    Other
    $35,566
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $117,156
    Bonus
    $0
    Other
    $0
    Deferred
    $3,314
    Nontaxable benefits
    $32,252
    Filer's total
    $152,722

  • Desiree Susana

    SENIOR DIRECTOR OF QUALITY

    Total calculated
    $137,756
    From this org
    $130,537
    From related orgs
    $0
    Other
    $7,219
    Hours/week
    35

  • Hon CYNTHIA ISALES ESQ

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Erica Y Martinez

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Henry Comas

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Maritza Lopez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Wilfred Renta

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 10 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I LINE 3
PURSUANT TO THE ORGANIZATION'S BYLAWS, THE ORGANIZATION DELEGATES TO ITS PARENT ENTITY THE HIRING OF THE CEO AND PRESIDENT. THE COMPENSATION OF THE EXECUTIVES IS APPROVED BY THE PARENT ENTITY, WHO HIRES A CONSULTANT TO CONDUCT A STUDY. A STANDING COMPENSATION COMMITTEE OF THE PARENT ENTITY REVIEWS A COMPENSATION STUDY AND VOTES ON HOW TO PROCEED.
PART I LINE 7
BONUSES FOR THE CEO AND PRESIDENT ARE APPROVED BY THE BOARD OF THE PARENT ENTITY. THE REMAINING EXECUTIVE BONUSES ARE APPROVED BY THE CEO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 1675 JV Associates LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • 245 E Mosholu Apts LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by 245 E Mosholu

  • 980 Prospect LLC

    N/A · Real Estate · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa Enterpr

  • Acacia Gardens Affordable LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Gardens

  • Acacia Gardens Development LLC

    N/A · Development · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Gardens

  • Audubon Pharmacy LLC

    N/A · Retail Pharma · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa Enterpr

  • Bella Vista LP

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Bella Vista

  • Bushwick Gardens I PA LLC

    N/A · Housing · PA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Brooklyn

  • Casa Acacia LLC

    N/A · Real Estate · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa Enterpr

  • Crotona Park Residences LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Crotona Park

  • Hope Gardens I PA LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Brooklyn

  • La Casa Quinta LP

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by El Barrios Oper

  • La Plaza de Virginia GP LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Hispanos Unidos

  • La Plaza de Virginia Owners LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by La Plaza de Vir

  • La Plaza del Barrio LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Real Est

  • Maria Isabel LP

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Maria Isabel

  • Maria Isabel Members LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Maria Is

  • Melrose Estates Housing LP

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Melrose Court

  • Palacio Dorado LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Palacio Dorado

  • Promesa Apartments Limited Partnership

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • Promesa Court Limited Partnership

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa Court

  • Promesa Court Residences Limited Partner

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa Court

  • San Jose LP

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by El Barrios Oper

  • San Jose Revedelopment Corp

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by El Barrios Oper

  • SV-B Partners LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by La Plaza de Bar

  • Urban Renaissance Collaboration Limited

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by URC

  • Virginia House Residences LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Virginia House

  • West Tremont Residences LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by West Tremont

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 152 E 116th HDFC

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by El Barrio Opera

  • 1675 Westchester Avenue Inc

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • 245 E Mosholu Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by 245 E Mosholu

  • 3196 3rd Ave Corp

    C Corp · Real Estate · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Don Pancho

  • 454 W 146th Street HDFC

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by ACDP

  • 471 W 145th Street HDFC

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by ACDP

  • 517 W 173rd Street HDFC

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by ACDP

  • Acacia Brooklyn Corp

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Real Est

  • Acacia Gardens GP Inc

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Gardens

  • Acacia Maria Isabel Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • ACD Affordable Corporation

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Gardens

  • Bella Vista Housing Company Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SBCMC

  • Bronx Investors Holding Company Inc

    C Corp · Investing Hou · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SBCMC

  • Crotona Park Managers Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • Don Pancho Development Corporation

    C Corp · Maintenance · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Bronx Investors

  • El Batey Housing Company Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SBCMC

  • Five Fifteen West Inc

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by ACDP

  • La Casa Quinta Dev Corp

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by El Barrio Opera

  • Melrose Court Housing Company Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SBCMC

  • One Seventy Four Inc

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by ACDP

  • Palacio Dorado Development Inc

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Puerto R

  • Promesa Collateral Trust

    Trust · Insurance · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacian Network

  • Promesa Community Apartments

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • Promesa Court Estates Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia

  • Promesa Enterprises Ltd

    C Corp · Investment Mg · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia

  • Urban Renaissance Collaboration Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • Virginia House Managers Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443199349304059

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