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Nonprofiteer
← 100 EAST 182ND STREET HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by 100 EAST 182ND STREET HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$381,567
Total expenses
$487,765
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$381,567
Investment income
$0
Other revenue
$0
Total assets, end of year
$402,023
Total liabilities, end of year
$263,448
Net assets or fund balances, end of year
$138,575
Program services expenses (Part IX)
$465,349
Management and general expenses
$22,416
Fundraising expenses
$0
Program service expenses (Part III)
$465,349

Program services were 95.4% 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: RENTAL INCOME

    total $381,567 · related or exempt $381,567

  • 3 · Investment income

    total $0

  • 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

  • 11e · Other revenue, total

    $0

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 $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $5,058 · program services $5,058

  • 11c · Fees: accounting

    total $17,680 · program services $680 · management and general $17,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $4,800 · program services $4,800

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $5,416 · management and general $5,416

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $4,794 · program services $4,794

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $79,293 · program services $79,293

  • 23 · Insurance

    total $77,956 · program services $77,956 · fundraising $0

  • 24a · Other expenses: UTILITIES

    total $61,759 · program services $61,759

  • 24b · Other expenses: WATER AND SEWER

    total $40,578 · program services $40,578

  • 24c · Other expenses: EMPLOYEMENT SERVICES

    total $70,801 · program services $70,801

  • 24d · Other expenses: BAD DEBT

    total $33,687 · program services $33,687

  • 24e · All other expenses

    total $85,943 · program services $85,943

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,279 · end of year $18,972

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $15,060 · end of year $32,517

  • 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 $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,402 · end of year $60,413

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

    $1,696,965

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

    $1,488,717

  • 10c · Land, buildings and equipment, net

    beginning of year $256,041 · end of year $208,248

  • 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 $107,073 · end of year $81,873

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,741 · end of year $105,958

  • 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 $0 · end of year $0

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $146,341 · end of year $157,490

  • 27 · Net assets without donor restrictions

    beginning of year $244,773 · end of year $138,575

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE ORGANIZATION OPERATES A BUILDING THAT CONTAINS 32 RESIDENTIAL APARTMENTS FOR LOW-INCOME FAMILIES.

  • TO PROVIDE AFFORABLE HOUSING FOR THE LOW-INCOME FAMILIES IN THE BRONX, NY.

    Expenses $465,349 · Revenue $381,567

As filed on the 2023 return.

Listed in Part VII

  • Heng Ly

    Treasurer/secretary

    Total calculated
    $424,149
    From this org
    $0
    From related orgs
    $355,900
    Other
    $68,249
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,900 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $35,249 related
    Filer's total
    $0 + $424,149 related

  • Luis Ortega

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Jose Norat

    Vice President

    Total calculated
    $0
    Hours/week
    0.5

  • Erika Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION PAID TO OFFICER FROM RELATED ORGANIZATION IS BASED ON THE RECOMMENDATIONS OF AN INDEPENDENT COMMITTEE THAT CONSIDERS PERFORMANCE, SCOPE OF RESPONSIBILITIES, AND SALARY COMPENSATION FOR SIMILAR POSITIONS. FINAL APPROVAL FOR officer's COMPENSATION MUST BE APPROVED BY THE EXECUTIVE BOARD OF DIRECTORS.

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.

  • JACOBS PLACE LLC

    LOW INCOME HS · NY

  • SERVIAM TOWERS LLC

    LOW INCOME HS · NY

  • WEST SIDE BRONX LLC

    LOW INCOME HS · NY

  • DECATUR PARK LLC

    LOW INCOME HS · NY

  • CRESTON HEIGHTS LLC

    LOW INCOME HS · NY

  • TIEBOUT GREEN LLC

    LOW INCOME HS · NY

  • MT SHARON LLC

    LOW INCOME HS · NY

  • SERVIAM GARDENS LLC

    LOW INCOME HS · NY

  • SERVIAM HEIGHTS LLC

    LOW INCOME HS · NY

  • Bronxview LLC

    LOW INCOME HS · NY

  • PARK GATES LLC

    LOW INCOME HS · NY

Related corporations and trusts

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

  • UPTOWN BRONX HOUSING DEVELOPMENT

    C CORP · LOW INCOME HS · NY

  • DECATUR PARK MM CORP

    C CORP · LOW INCOME HS · NY

  • JACOBS PLACE GP CORP

    C CORP · LOW INCOME HS · NY

  • SERVIAM TOWERS MM CORP

    C CORP · LOW INCOME HS · NY

  • WEST SIDE BRONX MM CORP

    C CORP · LOW INCOME HS · NY

  • 2323 WALTON AVENUE HDFC

    C CORP · LOW INCOME HS · NY

  • 182ND STREET HDFC

    C CORP · LOW INCOME HS · NY

  • WASHINGTON PARK HDFC

    C CORP · LOW INCOME HS · NY

  • TREMONT ECHO HDFC

    C CORP · LOW INCOME HS · NY

  • 2172 ANTHONY AVENUE HDFC

    C CORP · LOW INCOME HS · NY

  • 4673 HDFC

    C CORP · LOW INCOME HS · NY

  • METRO PARK HDFC

    C CORP · LOW INCOME HS · NY

  • JACOBS PLACE HOUSING DEVELOPMENT

    C CORP · LOW INCOME HS · NY

  • CRESTON HEIGHTS MM CORP

    C Corp · LOW INCOME HS · NY

  • TIEBOUT GREEN MM CORP

    C CORP · LOW INCOME HS · NY

  • MT SHARON MM CORP

    C CORP · LOW INCOME HS · NY

  • TWO WALTONS HDFC

    C CORP · LOW INCOME HS · NY

  • WEBSTER RYER HDFC

    C CORP · LOW INCOME HS · NY

  • BURNSIDE HDFC

    C CORP · LOW INCOME HS · NY

  • SERVIAN HEIGHTS MM CORP

    C CORP · LOW INCOME HS · NY

  • WALTON HEIGHTS HDFC

    C CORP · LOW INCOME HS · NY

  • PARK & 196TH STREET HDFC

    C CORP · LOW INCOME HS · NY

  • Bronxview MM Corp

    C CORP · LOW INCOME HS · NY

  • PARK GATES MM CORP

    C CORP · LOW INCOME HS · NY

  • PARK GATES HDFC

    C CORP. · LOW INCOME HS · NY

  • MOSHOLU CONCOURSE HDFC

    C CORP · LOW INCOME HS

Provenance

Return type
form_990
Tax year
2023
Filed
24 September 2024
IRS schema version
2023v5.1
Source object
202432779349301708

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