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← BROOKDALE RESIDENCE HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2023

Filed by BROOKDALE RESIDENCE HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$1,489,009
Total expenses
$1,721,292
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,480,359
Investment income
$8,650
Other revenue
$0
Total assets, end of year
$2,430,943
Total liabilities, end of year
$9,225,169
Net assets or fund balances, end of year
-$6,794,226
Program services expenses (Part IX)
$1,582,742
Management and general expenses
$138,550
Fundraising expenses
$0
Program service expenses (Part III)
$1,582,742

Program services were 92.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $1,480,359 · related or exempt $1,480,359

  • 3 · Investment income

    total $8,650 · excluded $8,650

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $314,236 · program services $314,236

  • 9 · Other employee benefits

    total $120,803 · program services $120,803

  • 10 · Payroll taxes

    total $12,030 · program services $12,030

  • 11a · Fees: management

    total $93,768 · management and general $93,768

  • 11c · Fees: accounting

    total $17,496 · management and general $17,496

  • 11g · Fees: other

    total $15,308 · management and general $15,308

  • 13 · Office expenses

    total $6,938 · program services $6,938

  • 16 · Occupancy

    total $404,803 · program services $404,803

  • 22 · Depreciation, depletion and amortization

    total $143,398 · program services $143,398

  • 23 · Insurance

    total $42,241 · program services $42,241

  • 24a · Other expenses: SECURITY

    total $275,710 · program services $275,710

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $253,589 · program services $253,589

  • 24c · Other expenses: MISCELLANEOUS ADMIN EXP

    total $11,529 · management and general $11,529

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $7,038 · program services $7,038

  • 24e · All other expenses

    total $2,405 · program services $1,956 · management and general $449

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,272 · end of year $3,166

  • 4 · Accounts receivable

    beginning of year $34,861 · end of year $19,394

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,803 · end of year $5,662

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

    $10,233,745

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

    $8,121,692

  • 10c · Land, buildings and equipment, net

    beginning of year $2,246,491 · end of year $2,112,053

  • 15 · Other assets

    beginning of year $280,050 · end of year $290,668

  • 17 · Accounts payable and accrued expenses

    beginning of year $576,645 · end of year $625,567

  • 19 · Deferred revenue

    beginning of year $11,787 · end of year $7,679

  • 23 · Secured mortgages and notes payable

    beginning of year $8,568,100 · end of year $8,568,100

  • 25 · Other liabilities

    beginning of year $23,888 · end of year $23,823

  • 27 · Net assets without donor restrictions

    beginning of year -$6,561,943 · end of year -$6,794,226

Mission and programs · 2023

Mission

THE BROOKDALE RESIDENCE HOUSING DEVELOPMENT FUND CORPORATION OWNS AND OPERATES A RESIDENTIAL BUILDING IN BROOKLYN, NEW YORK AND PROVIDES HOUSING EXCLUSIVELY FOR ELDERLY AND DISABLED PERSONS OF LOW INCOME.

  • THE BROOKDALE RESIDENCE HOUSING DEVELOPMENT FUND CORPORATION IS A NOT FOR PROFIT CORPORATION CREATED TO OWN AND TO OPERATE A RESIDENTIAL BUILDING IN BROOKLYN, NEW YORK AND PROVIDES HOUSING EXCLUSIVELY FOR ELDERLY AND DISABLED PERSONS OF LOW INCOME. THERE ARE CURRENTLY 87 UNITS AVAILABLE.

    Expenses $1,582,742 · Revenue $1,480,359

As filed on the 2023 return.

Listed in Part VII

  • Gerard Connolly

    CHAIRMAN

    Total calculated
    $375,956
    From this org
    $0
    From related orgs
    $327,476
    Other
    $48,480
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,227 related
    Bonus
    $0
    Other
    $0 + $2,249 related
    Deferred
    $0 + $11,550 related
    Nontaxable benefits
    $0 + $36,930 related
    Filer's total
    $0 + $375,956 related

  • Reginald Bullock Jr

    SECRETARY

    Total calculated
    $473,333
    From this org
    $0
    From related orgs
    $427,903
    Other
    $45,430
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $424,822 related
    Bonus
    $0
    Other
    $0 + $3,081 related
    Deferred
    $0 + $11,550 related
    Nontaxable benefits
    $0 + $33,880 related
    Filer's total
    $0 + $473,333 related

  • John Schmitt

    TREASURER

    Total calculated
    $744,211
    From this org
    $0
    From related orgs
    $705,999
    Other
    $38,212
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $700,107 related
    Bonus
    $0
    Other
    $0 + $5,892 related
    Deferred
    $0 + $11,550 related
    Nontaxable benefits
    $0 + $26,662 related
    Filer's total
    $0 + $744,211 related

  • Paul Rosenfeld

    PRESIDENT

    Total calculated
    $678,343
    From this org
    $0
    From related orgs
    $640,131
    Other
    $38,212
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $634,350 related
    Bonus
    $0
    Other
    $0 + $5,781 related
    Deferred
    $0 + $11,550 related
    Nontaxable benefits
    $0 + $26,662 related
    Filer's total
    $0 + $678,343 related

  • Michelle Figueroa

    TREASURER

    Total calculated
    $300,788
    From this org
    $0
    From related orgs
    $300,222
    Other
    $566
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,412 related
    Bonus
    $0
    Other
    $0 + $810 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $566 related
    Filer's total
    $0 + $300,788 related

  • Tammy Carlisle

    VICE-PRESIDENT

    Total calculated
    $312,751
    From this org
    $0
    From related orgs
    $302,251
    Other
    $10,500
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $298,441 related
    Bonus
    $0
    Other
    $0 + $3,810 related
    Deferred
    $0 + $10,500 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $312,751 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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

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.

  • BROOKDALE RX

    C · RETAIL PHARMACY · NY

  • INTERFAITH EMERGENCY MEDICINE PC

    C · PHYSICIAN BILLING · NY

  • INTERFAITH PROFESSIONAL PHYSICIAN SVC PC

    C · PHYSICIAN BILLING · NY

  • INTERFAITH PSYCHIATRY SERVICES PC

    C · PHYSICIAN BILLING · NY

  • SMILE BROOKLYN DENTAL PC

    C · PHYSICIAN BILLING · NY

  • KSI INC

    C · INACTIVE · NY

  • SINGULAB INC

    C · INACTIVE · DE

  • ATM NURSE REGISTRY

    C · INACTIVE · NY

  • KINGSBROOK LTACH INC

    C · INACTIVE · NY

  • KINGSBROOK MEDICAL ASSOCIATES PC

    C · BILLING & COLLECTING · NY

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202443099349301534

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