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Nonprofiteer
← UHAB HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2024

Filed by UHAB HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$346,907
Total expenses
$386,535
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$346,907
Investment income
$0
Other revenue
$0
Total assets, end of year
$7,041,214
Total liabilities, end of year
$6,808,513
Net assets or fund balances, end of year
$232,701
Program services expenses (Part IX)
$274,171
Management and general expenses
$112,364
Fundraising expenses
$0
Program service expenses (Part III)
$274,171

Program services were 70.9% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $346,907 · related or exempt $346,907

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $44,950 · management and general $44,950

  • 11b · Fees: legal

    total $17,832 · management and general $17,832

  • 11g · Fees: other

    total $23,600 · program services $23,600

  • 13 · Office expenses

    total $49,582 · management and general $49,582

  • 16 · Occupancy

    total $84,984 · program services $84,984

  • 23 · Insurance

    total $43,095 · program services $43,095

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $101,141 · program services $101,141

  • 24b · Other expenses: OTHER DIRECT EXPENSES

    total $12,871 · program services $12,871

  • 24c · Other expenses: ALLOCATED PAYROLL AND B

    total $8,480 · program services $8,480

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $460,108 · end of year $275,081

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

    $1

  • 10c · Land, buildings and equipment, net

    beginning of year $1 · end of year $1

  • 13 · Investments: program-related

    beginning of year $6,546,789 · end of year $6,741,908

  • 15 · Other assets

    beginning of year $27,254 · end of year $24,224

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,655 · end of year $136,276

  • 21 · Escrow or custodial account liability

    beginning of year $64,153 · end of year $64,153

  • 23 · Secured mortgages and notes payable

    beginning of year $6,563,084 · end of year $6,608,084

  • 25 · Other liabilities

    beginning of year $113,162 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $233,098 · end of year $232,701

Mission and programs · 2024

Mission

THE ORGANIZATION'S PURPOSE IS TO TAKE TITLE AND SERVE AS INTERIM OWNER AND MANAGER OF LOW-INCOME HOUSING PROJECTS PRIOR TO CONVERSION TO CO-OP GROUPS.

Activities or mission (Part I)

TO TAKE TITLE AND SERVE AS INTERIM OWNER AND MANAGER OF LOW-INCOME HOUSING PROJECTS PRIOR TO CONVERSION TO CO-OP GROUPS.

  • REHABILITATION OF BUILDINGS:UHAB HOUSING DEVELOPMENT CORPORATION (UHAB HDFC) HAS SERVED AS INTERIM OWNER FOR MANY OF UHAB'S DEVELOPMENT PROJECTS. UHAB INC. PROVIDES DEVELOPMENT SERVICES TO UHAB HDFC, WHICH HAS BEEN TRANSFORMING 98 DISTRESSED BUILDINGS INTO ABOUT 2,000 RENOVATED AFFORDABLE CO-OP AND RENTAL APARTMENTS. UHAB FACILITATED OVER $250 MILLION IN DEVELOPMENT FINANCING, PROVIDED THE RENOVATION MANAGEMENT ASSISTANCE, AND PERFORMED THE COOPERATIVE CONVERSION LEGAL WORK, WHICH IS ALL CENTRAL TO THE SUSTAINABILITY OF THIS REVITALIZED HOUSING. UHAB HDFC WAS THE INTERIM OWNER OF 17 APARTMENTS IN MANHATTAN LOWER EAST SIDE THAT WERE CONVERTED INTO AFFORDABLE HDFC'S FOR LOW- TO MEDIUM- INCOME RESIDENTS.

    Expenses $274,171 · Revenue $346,907

As filed on the 2024 return.

Listed in Part VII

  • Margy Brown

    PRESIDENT

    Total calculated
    $247,816
    From this org
    $0
    From related orgs
    $199,761
    Other
    $48,055
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,400 related
    Bonus
    $0
    Other
    $0 + $361 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $48,055 related
    Filer's total
    $0 + $247,816 related

  • Richard Heitler

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Marina Metalios

    DIRECTOR

    Total calculated
    $94,838
    From this org
    $0
    From related orgs
    $94,563
    Other
    $275
    Hours/week
    1 + 35 related

  • Eva Berbegal

    DIRECTOR OF FINANCE THRU 9/2024

    Total calculated
    $134,998
    From this org
    $0
    From related orgs
    $121,081
    Other
    $13,917
    Hours/week
    1 + 35 related

  • Anya Irons

    COO/GENERAL COUNSEL

    Total calculated
    $202,611
    From this org
    $0
    From related orgs
    $165,567
    Other
    $37,044
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,013 related
    Bonus
    $0
    Other
    $0 + $554 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $37,044 related
    Filer's total
    $0 + $202,611 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

The filer's explanations (Part III)

PART I, LINE 3
MARGARET BROWN SERVES AS PRESIDENT OF UHAB HDFC AND EXECUTIVE DIRECTOR ON URBAN HOMESTEADING ASSISTANCE BOARD, INC., A RELATED ORGANIZATION. HER COMPENSATION WAS DETERMINED BY THE RELATED ORGANIZATION. HER COMPENSATION IS BASED UPON A COMPARABILITY STUDY; THE ORGANIZATION USES STUDIES FROM OUTSIDE ORGANIZATIONS, SUCH AS THE PROFESSIONALS FOR NONPROFITS "ANNUAL SALARY SURVEY OF NYC NONPROFITS". THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD. THE DECISIONS AND DELIBERATIONS ARE DOCUMENTED IN THE MINUTES.

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 corporations and trusts

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

  • 186 EAST 104TH STREET HDFC

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • 473 WEST 145TH STREET HDFC

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • 508 WESTSIDE 135TH STREET HDFC

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • ELVA-UHAB HDFC

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • GP-UHAB HDFC

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • MANHATTAN 203B-UHAB HDFC

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • ROUND V-2 WEST 135TH STREET HDFC (512 W 135 HDFC)

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • ROUND IV EAST 101ST STREET HDFC

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • 1520 SEDGWICK HDFC

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • ROUND IV SECOND AVENUE HOUSING DEVELOPMENT FUND CORPORATION

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • 110 MADISON HDFC

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • 1380 HOUSING DEVELOPMENT FUND CORPORATION

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • EAST 147TH STREET HDFC

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • BROADWAY-UHAB HDFC

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • UHAB TOO HDFC

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • UHAB SPE 1 HOUSING DEVELOPMENT FUND CORPORATION

    C · HOUSING DEVELOPMENT · NY

    Directly controlled by URBAN HOMESTEADING ASSISTANCE BOARD INC

  • UHAB BROOKLYN CORP

    C · HOUSING DEVELOPMENT · NY · 100% owned · controlled entity

    Directly controlled by UHAB HDFC

  • UHAB ROCKAWAY HOUSING CORP

    C · HOUSING DEVELOPMENT · NY · 100% owned · controlled entity

    Directly controlled by UHAB HDFC

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349309036

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