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← TURNING POINT RED HOOK HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2023

Filed by TURNING POINT RED HOOK 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This return was superseded by a later amendment.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 expenses
$454,473 changed to $464,733
Investment income
$0 changed to $8,244
Other revenue
$8,244 changed to $0
Total assets, end of year
$1,500,293 changed to $1,572,485
Total liabilities, end of year
$2,285,832 changed to $2,368,284
Net assets or fund balances, end of year
-$785,539 changed to -$795,799
Program services expenses
$371,993 changed to $382,253
Program service expenses (Part III)
$371,993 changed to $382,253

Listed only on the later return

  • Dmitriy Goyzman
  • Frank Lei
  • Janelle Farris

Totals

Total revenue
$506,779
Total expenses
$454,473
Contributions and grants received
$90,236
Grants paid
$0
Program service revenue
$408,299
Investment income
$0
Other revenue
$8,244
Total assets, end of year
$1,500,293
Total liabilities, end of year
$2,285,832
Net assets or fund balances, end of year
-$785,539
Program services expenses (Part IX)
$371,993
Management and general expenses
$82,480
Fundraising expenses
$0
Program service expenses (Part III)
$371,993

Program services were 81.9% 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)

    $90,236

  • 2a · Program service revenue: TENANT RENTS

    total $408,299 · related or exempt $408,299

  • 11a · Other revenue: OTHER

    total $8,244 · excluded $8,244

  • 11e · Other revenue, total

    $8,244

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $114,310 · program services $114,310

  • 9 · Other employee benefits

    total $47,284 · program services $47,284

  • 10 · Payroll taxes

    total $8,745 · program services $8,745

  • 11g · Fees: other

    total $17,399 · program services $17,399

  • 16 · Occupancy

    total $110,897 · program services $110,897

  • 24a · Other expenses: ALLOCATED ADMINISTRATIV

    total $82,480 · management and general $82,480

  • 24b · Other expenses: REPAIRS

    total $61,356 · program services $61,356

  • 24c · Other expenses: PROGRAM

    total $8,484 · program services $8,484

  • 24d · Other expenses: SUPPLIES

    total $2,898 · program services $2,898

  • 24e · All other expenses

    total $620 · program services $620

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,377 · end of year $27,038

  • 3 · Pledges and grants receivable

    beginning of year $61,981 · end of year $74,122

  • 4 · Accounts receivable

    beginning of year $96,297 · end of year $110,915

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

    $3,131,076

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

    $3,111,076

  • 10c · Land, buildings and equipment, net

    beginning of year $20,000 · end of year $20,000

  • 15 · Other assets

    beginning of year $1,469,187 · end of year $1,268,218

  • 17 · Accounts payable and accrued expenses

    beginning of year $161,640 · end of year $57,662

  • 23 · Secured mortgages and notes payable

    beginning of year $2,215,028 · end of year $2,215,028

  • 25 · Other liabilities

    beginning of year $214,019 · end of year $13,142

  • 27 · Net assets without donor restrictions

    beginning of year -$837,845 · end of year -$785,539

Mission and programs · 2023

Mission

TO PROVIDE HOUSING AND SUPPORTIVE SERVICES TO RESIDENTS LIVING IN LOW INCOME HOUSING PROJECTS AT 713-715 HENRY STREET, BROOKLYN.

  • TO PROVIDE HOUSING AND SUPPORTIVE SERVICES TO RESIDENTS LIVING IN LOW INCOME HOUSING PROJECTS AT 713-715 HENRY STREET, BROOKLYN.

    Expenses $371,993 · Revenue $408,299

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
202511359349303856

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