Form 990 for tax year 2023
Filed by GRAND CONCOURSE EAST HOUSING DEVELOPMENT FUND CORPORATION.
Totals
- Total revenue
- $2,056,110
- Total expenses
- $2,175,810
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,998,489
- Investment income
- $16
- Other revenue
- $57,605
- Total assets, end of year
- $631,079
- Total liabilities, end of year
- $49,619
- Net assets or fund balances, end of year
- $581,460
- Program services expenses (Part IX)
- $1,857,018
- Management and general expenses
- $318,792
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,857,018
Program services were 85.3% 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.
-
2a · Program service revenue: Key Fee Income
total $100 · related or exempt $100
-
2b · Program service revenue: Rental Income
total $1,998,389 · related or exempt $1,998,389
-
3 · Investment income
total $16 · excluded $16
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Income
total $57,605 · related or exempt $57,605
-
11e · Other revenue, total
$57,605
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 $163,402 · program services $156,418 · management and general $6,984
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $16,343 · program services $16,343
-
10 · Payroll taxes
total $11,452 · program services $11,452
-
11a · Fees: management
total $111,700 · management and general $111,700
-
11b · Fees: legal
total $15,868 · management and general $15,868
-
11c · Fees: accounting
total $5,869 · management and general $5,869
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $24,146 · management and general $24,146
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $114,428 · program services $98,942 · management and general $15,486
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $916,834 · program services $916,834
-
17 · Travel
total $174 · management and general $174
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $259 · program services $259
-
23 · Insurance
total $264,486 · program services $264,486
-
24a · Other expenses: Repairs and Maintenance
total $368,892 · program services $368,892
-
24b · Other expenses: Permits & fees
total $136,601 · management and general $136,601
-
24c · Other expenses: Exterminating
total $23,392 · program services $23,392
-
24d · Other expenses: Miscellaneous Expense
total $1,354 · management and general $1,354
-
24e · All other expenses
total $610 · management and general $610
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,500 · end of year $140,141
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $1,039,246 · end of year $98,338
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$247,961
-
10b · Land, buildings and equipment: accumulated depreciation
$218,386
-
10c · Land, buildings and equipment, net
beginning of year $29,575 · end of year $29,575
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $5,800 · end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $827,619 · end of year $363,025
-
17 · Accounts payable and accrued expenses
beginning of year $957,582 · end of year $32,529
-
23 · Secured mortgages and notes payable
beginning of year $82,700
-
25 · Other liabilities
beginning of year $168,298 · end of year $17,090
-
27 · Net assets without donor restrictions
beginning of year $701,160 · end of year $581,460
Mission and programs · 2023
Mission
Organization's mission or most significant activities grand concourse east hdfc was organized excludively fro the charitable purpose of developing housing for the needy persons of low income at 225 east 163rd st, 967 Sherman avenue, 1003 grant avenue and 1302 college avenue, Bronx, NY.
-
Grand Concourse East HDFC is a nonprofit corporation that operates, manages, and leases low-income rental property to qualified rentals under the New York City Housing preservation and development and the neighborhood ownership works (NOW) program. The corporation currently owns ten multiple dwellings, which were acquired under the now program on May 30, 1995 and November 30, 1996.
Expenses $1,857,018 · Revenue $1,998,389
As filed on the 2023 return.
Listed in Part VII
-
Dr Joe Albert Bush Sr
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Jeanette Puryear
Secr/Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 21 related
-
Zenon Arribalzaga
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 25 related
-
Juliette Cannady
Board Member
- Total calculated
- $0
- Hours/week
- 1
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.
-
Mid-Bronx Senior Citizens Council
501(c)(3) · Social services · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511349349312801
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