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← BROOKDALE RESIDENCE HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2024

Filed by BROOKDALE RESIDENCE HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$1,380,190
Total expenses
$1,571,334
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,370,531
Investment income
$9,659
Other revenue
$0
Total assets, end of year
$2,410,453
Total liabilities, end of year
$9,395,823
Net assets or fund balances, end of year
-$6,985,370
Program services expenses (Part IX)
$1,446,739
Management and general expenses
$124,595
Fundraising expenses
$0
Program service expenses (Part III)
$1,446,739

Program services were 92.1% 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 $1,370,531 · related or exempt $1,370,531

  • 3 · Investment income

    total $9,659 · excluded $9,659

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $299,596 · program services $299,596

  • 9 · Other employee benefits

    total $128,503 · program services $128,503

  • 10 · Payroll taxes

    total $9,745 · program services $9,745

  • 11a · Fees: management

    total $84,810 · management and general $84,810

  • 11b · Fees: legal

    total $535 · program services $535

  • 11c · Fees: accounting

    total $17,750 · management and general $17,750

  • 11g · Fees: other

    total $4,300 · management and general $4,300

  • 13 · Office expenses

    total $4,574 · program services $4,574

  • 16 · Occupancy

    total $383,392 · program services $383,392

  • 22 · Depreciation, depletion and amortization

    total $129,670 · program services $129,670

  • 23 · Insurance

    total $39,833 · program services $39,833

  • 24a · Other expenses: SECURITY

    total $253,904 · program services $253,904

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $179,470 · program services $179,470

  • 24c · Other expenses: MISCELLANEOUS ADMIN EXP

    total $17,313 · management and general $17,313

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $16,381 · program services $16,381

  • 24e · All other expenses

    total $1,558 · program services $1,136 · management and general $422

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,166 · end of year $72,647

  • 4 · Accounts receivable

    beginning of year $19,394 · end of year $35,427

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,662 · end of year $2,000

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

    $10,238,554

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

    $8,251,362

  • 10c · Land, buildings and equipment, net

    beginning of year $2,112,053 · end of year $1,987,192

  • 15 · Other assets

    beginning of year $290,668 · end of year $313,187

  • 17 · Accounts payable and accrued expenses

    beginning of year $625,567 · end of year $795,738

  • 19 · Deferred revenue

    beginning of year $7,679 · end of year $9,312

  • 23 · Secured mortgages and notes payable

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

  • 25 · Other liabilities

    beginning of year $23,823 · end of year $22,673

  • 27 · Net assets without donor restrictions

    beginning of year -$6,794,226 · end of year -$6,985,370

Mission and programs · 2024

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 $1,446,739 · Revenue $1,370,531

As filed on the 2024 return.

Listed in Part VII

  • Gerard Connolly

    CHAIRMAN

    Total calculated
    $472,617
    From this org
    $0
    From related orgs
    $423,776
    Other
    $48,841
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,299 related
    Bonus
    $0
    Other
    $0 + $6,477 related
    Deferred
    $0 + $12,075 related
    Nontaxable benefits
    $0 + $36,766 related
    Filer's total
    $0 + $472,617 related

  • Reginald Bullock Jr

    SECRETARY

    Total calculated
    $513,548
    From this org
    $0
    From related orgs
    $467,907
    Other
    $45,641
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $464,462 related
    Bonus
    $0
    Other
    $0 + $3,445 related
    Deferred
    $0 + $12,075 related
    Nontaxable benefits
    $0 + $33,566 related
    Filer's total
    $0 + $513,548 related

  • Paul Rosenfeld

    PRESIDENT

    Total calculated
    $682,171
    From this org
    $0
    From related orgs
    $640,550
    Other
    $41,621
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $636,034 related
    Bonus
    $0
    Other
    $0 + $4,516 related
    Deferred
    $0 + $12,075 related
    Nontaxable benefits
    $0 + $29,546 related
    Filer's total
    $0 + $682,171 related

  • Michelle Figueroa

    TREASURER

    Total calculated
    $660,605
    From this org
    $0
    From related orgs
    $646,832
    Other
    $13,773
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $646,022 related
    Bonus
    $0
    Other
    $0 + $810 related
    Deferred
    $0 + $12,075 related
    Nontaxable benefits
    $0 + $1,698 related
    Filer's total
    $0 + $660,605 related

  • Tammy Carlisle

    VICE-PRESIDENT

    Total calculated
    $286,001
    From this org
    $0
    From related orgs
    $276,399
    Other
    $9,602
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,029 related
    Bonus
    $0
    Other
    $0 + $3,370 related
    Deferred
    $0 + $9,602 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $286,001 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
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202523199349302117

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