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← CUCS HOUSING DEVELOPMENT FUND CORPORATION III

Form 990 for tax year 2022

Filed by CUCS HOUSING DEVELOPMENT FUND CORPORATION III.

Totals

Total revenue
$500
Total expenses
$500
Contributions and grants received
$500
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$19,309,391
Total liabilities, end of year
$19,174,030
Net assets or fund balances, end of year
$135,361
Program services expenses (Part IX)
$0
Management and general expenses
$500
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1f · All other contributions, gifts and grants

    $500

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: BANK FEES

    total $500 · management and general $500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,561 · end of year $70,561

  • 7 · Other notes and loans receivable

    beginning of year $19,292,992 · end of year $19,238,830

  • 23 · Secured mortgages and notes payable

    beginning of year $17,128,540 · end of year $17,074,378

  • 25 · Other liabilities

    beginning of year $2,099,652 · end of year $2,099,652

  • 27 · Net assets without donor restrictions

    beginning of year $135,361 · end of year $135,361

Mission and programs · 2022

Mission

THE CORPORATION HAS BEEN ORGANIZED EXCLUSIVELY TO DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

Activities or mission (Part I)

SEE SCHEDULE O, FORM 990, PART I, LINE 1.

  • DEVELOPMENT OF HOUSING FOR LOW INCOME PERSONS AND THEIR FAMILIES.

As filed on the 2022 return.

Listed in Part VII

  • JOSEPH DEGENOVA

    PRESIDENT

    Total calculated
    $356,902
    From this org
    $0
    From related orgs
    $310,421
    Other
    $46,481
    Hours/week
    2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,421 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,190 related
    Nontaxable benefits
    $0 + $24,291 related
    Filer's total
    $0 + $356,902 related

  • DOUGLAS C JAMES

    SECRETARY (THROUGH 5/13/22)

    Total calculated
    $116,545
    From this org
    $0
    From related orgs
    $108,611
    Other
    $7,934
    Hours/week
    2 + 35 related

  • JULIE SANDORF

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JEFFREY HALFPENNY

    TREASURER

    Total calculated
    $289,586
    From this org
    $0
    From related orgs
    $238,053
    Other
    $51,533
    Hours/week
    2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,053 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,701 related
    Nontaxable benefits
    $0 + $33,832 related
    Filer's total
    $0 + $289,586 related

  • HADARYAH MORGAN

    SECRETARY/COO

    Total calculated
    $232,467
    From this org
    $0
    From related orgs
    $203,374
    Other
    $29,093
    Hours/week
    2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,374 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,491 related
    Nontaxable benefits
    $0 + $11,602 related
    Filer's total
    $0 + $232,467 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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

  • CENTER FOR URBAN COMMUNITY SERVCIES INC 13-3687891

    501(C)(3) · SOCIAL SERVICES · NY

  • CUCS INITIATIVES INC - 20-3733716

    501(C)(3) · DEVELOPMENT · NY

    Directly controlled by CUCS

  • JANIAN MEDICAL CARE PC - 45-3258030

    501(C)(3) · PSYCHIATRIC SERVICES · NY

    Directly controlled by CUCS

  • CUCS HOUSING DEVELOPMENT FUND CORPORATION II 26-2092132

    501(C)(3) · DEVELOPMENT · NY

    Directly controlled by CUCS

  • CUCS HOUSING DEVELOPMENT FUND CORPORATION IV 81-1671605

    501(C)(4) · DEVELOPMENT · NY

    Directly controlled by CUCS

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.

  • ARTHUR AVENUE RESIDENCE LP - 90-1017668

    LOW INCOME TAX CREDITS · NY · 0.01% owned · share of income -$131 · share of assets $3,371

  • LENNIGER RESIDENCE LP - 27-1124171

    LOW INCOME TAX CREDITS · NY

  • CUCS WEST 127TH STREET LLC - 47-4028573

    LOW INCOME TAX CREDITS · NY

Related corporations and trusts

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

  • ARTHUR AVENUE RESIDENCES GP INC - 46-3689312

    C · DEVELOPMENT · NY · 100% owned · share of income -$1,564

    Directly controlled by CUCS - HDFC III

  • LENNIGER RESIDENCES GP INC - 27-1124125

    C · DEVELOPMENT · NY

    Directly controlled by CUCS - HDFC II

  • CUCS WEST 127TH STREET MM INC - 30-1069842

    C · DEVELOPMENT · NY

    Directly controlled by CUCS - HDFC IV

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202411319349302181

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