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Nonprofiteer
← BROOKSET HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2023

Filed by BROOKSET HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$468,094
Total expenses
$675,736
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$450,355
Investment income
$13,843
Other revenue
$3,896
Total assets, end of year
$4,009,702
Total liabilities, end of year
$1,388,052
Net assets or fund balances, end of year
$2,621,650
Program services expenses (Part IX)
$630,141
Management and general expenses
$45,595
Fundraising expenses
$0
Program service expenses (Part III)
$630,141

Program services were 93.3% 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: RENTAL INCOME

    total $450,355 · related or exempt $450,355

  • 3 · Investment income

    total $13,843 · excluded $13,843

  • 11a · Other revenue: LAUNDRY AND OTHER INCO

    total $3,896 · related or exempt $3,896

  • 11e · Other revenue, total

    $3,896

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $104,067 · program services $69,529 · management and general $34,538

  • 11b · Fees: legal

    total $18,251 · program services $18,251

  • 11c · Fees: accounting

    total $11,057 · management and general $11,057

  • 11g · Fees: other

    total $7,685 · program services $7,685

  • 13 · Office expenses

    total $26,878 · program services $26,878

  • 16 · Occupancy

    total $138,830 · program services $138,830

  • 19 · Conferences, conventions and meetings

    total $36 · program services $36

  • 20 · Interest

    total $44,138 · program services $44,138

  • 22 · Depreciation, depletion and amortization

    total $183,788 · program services $183,788

  • 23 · Insurance

    total $39,061 · program services $39,061

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $94,185 · program services $94,185

  • 24b · Other expenses: BAD DEBTS

    total $7,760 · program services $7,760

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $214,609 · end of year $90,764

  • 4 · Accounts receivable

    beginning of year $18,884 · end of year $25,690

  • 9 · Prepaid expenses and deferred charges

    end of year $20,728

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

    $7,326,338

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

    $3,953,807

  • 10c · Land, buildings and equipment, net

    beginning of year $3,566,815 · end of year $3,372,531

  • 15 · Other assets

    beginning of year $446,234 · end of year $499,989

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,050 · end of year $40,353

  • 21 · Escrow or custodial account liability

    beginning of year $30,070 · end of year $30,495

  • 23 · Secured mortgages and notes payable

    beginning of year $1,187,167 · end of year $1,161,241

  • 25 · Other liabilities

    beginning of year $155,963 · end of year $155,963

  • 27 · Net assets without donor restrictions

    beginning of year $2,829,292 · end of year $2,621,650

Mission and programs · 2023

Mission

PROVIDE HOUSING FOR LOW-INCOME PERSONS, CONTAINING 35 APARTMENTS, LOCATED IN BROOKLYN, NEW YORK.

  • PROVIDE HOUSING FOR LOW-INCOME PERSONS, CONTAINING 35 APARTMENTS, LOCATED IN BROOKLYN, NEW YORK.

    Expenses $630,141 · Revenue $454,251

As filed on the 2023 return.

Listed in Part VII

  • Alexa Sewell

    PRESIDENT

    Total calculated
    $328,408
    From this org
    $0
    From related orgs
    $290,022
    Other
    $38,386
    Hours/week
    0.25 + 38.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,022 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,000 related
    Nontaxable benefits
    $0 + $32,386 related
    Filer's total
    $0 + $328,408 related

  • Fazeela Siddiqui

    VICE PRESIDENT

    Total calculated
    $134,355
    From this org
    $0
    From related orgs
    $107,044
    Other
    $27,311
    Hours/week
    0.25 + 38.25 related

  • Jacqueline Tom

    SECRETARY/TREASURER

    Total calculated
    $209,196
    From this org
    $0
    From related orgs
    $192,617
    Other
    $16,579
    Hours/week
    0.25 + 38.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,617 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,000 related
    Nontaxable benefits
    $0 + $10,579 related
    Filer's total
    $0 + $209,196 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

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 1561 ASSOCIATES LLC

    AFFORDABLE HOUSING · NY

  • 1561 DEVELOPER LLC

    AFFORDABLE HOUSING · NY

  • 1561 MM LLC

    AFFORDABLE HOUSING · NY

  • 1615 ST JOHN'S PL LP

    AFFORDABLE HOUSING · NY

  • BEECH SET LLC

    AFFORDABLE HOUSING · NY

  • HARLEM RIVER PRESERVATION HTC LLC

    AFFORDABLE HOUSING · NY

  • HARLEM RIVER PRESERVATION LLC

    AFFORDABLE HOUSING · NY

  • HARLEM RIVER PRESERVATION MM LLC

    AFFORDABLE HOUSING · NY

  • MARCY BAER ASSOCIATES LP

    AFFORDABLE HOUSING · NY

  • NSA 2015 LLC

    AFFORDABLE HOUSING · NY

  • NSA 2015 MM LLC

    AFFORDABLE HOUSING · NY

  • NSA 2015 OWNER LLC

    AFFORDABLE HOUSING · NY

  • SHF TPT MASTER TENANT LLC

    AFFORDABLE HOUSING · NY

  • SHF TWIN PARKS TERRACE LLC

    AFFORDABLE HOUSING · NY

  • SHF WHGA HRP LLC

    AFFORDABLE HOUSING · NY

  • SHF WHGA HRP MM LLC

    AFFORDABLE HOUSING · NY

  • ST LUCY SHF LLC

    AFFORDABLE HOUSING · NY

  • TP DEVELOPER LLC

    AFFORDABLE HOUSING · NY

  • TP MM LLC

    AFFORDABLE HOUSING · NY

  • TWIN PARKS TERRACE LLC

    AFFORDABLE HOUSING · NY

  • TWIN PARKS TERRACE MASTER TENANT LLC

    AFFORDABLE HOUSING · NY

  • TWO BRIDGESET ASSOCIATES LP

    AFFORDABLE HOUSING · NY

Related corporations and trusts

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

  • 1340 STRATFORD HOUSING COMPANY INC

    C · AFFORDABLE HOUSING · NY

  • 1561 HDFC

    C · AFFORDABLE HOUSING · NY

  • 1615 ST JOHN'S PLACE INC

    C · AFFORDABLE HOUSING · NY

  • 18TH STREET FULTON HDFC

    C · AFFORDABLE HOUSING · NY

  • 2605 GC HDFC

    C · AFFORDABLE HOUSING · NY

  • 2BT HDFC

    C · AFFORDABLE HOUSING · NY

  • 477 LENOX HDFC

    C · AFFORDABLE HOUSING · NY

  • ANDREWSKELLEY HDFC

    C · AFFORDABLE HOUSING · NY

  • CROSSROADS I HDFC

    C · AFFORDABLE HOUSING · NY

  • CROSSROADS II HDFC

    C · AFFORDABLE HOUSING · NY

  • FIRST WOMEN'S DEVELOPMENT CORP

    C · INACTIVE · NY

  • FOX-SIMPSON HDFC

    C · AFFORDABLE HOUSING · NY

  • FRENCH APTS HDFC

    C · AFFORDABLE HOUSING · NY

  • JAMSTA II HDFC

    C · AFFORDABLE HOUSING · NY

  • MARCY BAER INC

    C · AFFORDABLE HOUSING · NY

  • MARINE TERRACE HDFC

    C · AFFORDABLE HOUSING · NY

  • MONTEREY HOUSING DEVELOPMENT FUND CORP

    C · AFFORDABLE HOUSING · NY

  • NSA 2015 HDFC

    C · AFFORDABLE HOUSING · NY

  • PARK TOWERS HDFC

    C · AFFORDABLE HOUSING · NY

  • SEAVIEW C HDFC

    C · AFFORDABLE HOUSING · NY

  • SITE 2 DSA HDFC

    C · AFFORDABLE HOUSING · NY

  • SITE 5 DSA HDFC

    C · AFFORDABLE HOUSING · NY

  • SITE 6 DSA HDFC

    C · AFFORDABLE HOUSING · NY

  • SITE 8 DSA HDFC

    C · AFFORDABLE HOUSING · NY

  • STB HDFC

    C · AFFORDABLE HOUSING · NY

  • STEVENSON COMMONS HOUSING COMPANY INC

    C · AFFORDABLE HOUSING · NY

  • TWO BRIDGESET TOWERS INC

    C · AFFORDABLE HOUSING · NY

  • 841 HDFC

    C · AFFORDABLE HOUSING · NY

  • ST LUCYS HDFC

    C · AFFORDABLE HOUSING · NY

  • STEVENSON COMMONS HDFC

    C · AFFORDABLE HOUSING · NY

  • CATON FLATS HDFC

    C · AFFORDABLE HOUSING · NY

  • GRAND CROSSING HDFC

    C · AFFORDABLE HOUSING · NY

  • GRAND APTS HDFC

    C · AFFORDABLE HOUSING · NY

  • TIFFANY HDFC

    C · AFFORDABLE HOUSING · NY

  • CAROL HDFC

    C · AFFORDABLE HOUSING · NY

  • CAROL HOUSING COMPANY INC

    C · AFFORDABLE HOUSING · NY

  • VISION HDFC

    C · AFFORDABLE HOUSING · NY

  • BGNII HDFC

    C · AFFORDABLE HOUSING · NY

  • WESTBRIDGE HDFC

    C · AFFORDABLE HOUSING · NY

  • HALLETTS BUILDING 7 HDFC

    C · AFFORDABLE HOUSING · NY

  • TREMONT HDFC

    C · AFFORDABLE HOUSING · NY

  • 1314 SENECA HDFC

    C · AFFORDABLE HOUSING · NY

  • BSC HDFC

    C · AFFORDABLE HOUSING · NY

  • BSC HOUSING COMPANY INC

    C · AFFORDABLE HOUSING · NY

  • RIVERWALK 8 HDFC

    C · AFFORDABLE HOUSING · NY

  • JAMAICA II HDFC

    C · AFFORDABLE HOUSING · NY

  • CONEY ISLAND PHASE 1 HDFC

    C · AFFORDABLE HOUSING · NY

  • TRIPLE HDFC

    C · AFFORDABLE HOUSING · NY

  • BEDFORD COURTS III HDFC

    C · AFFORDABLE HOUSING · NY

  • BEDFORD COURTS II HDFC

    C · AFFORDABLE HOUSING · NY

  • BROWNSVILLE LIVONIA SOUTH HDFC

    C · AFFORDABLE HOUSING · NY

  • BEDFORD COURTS LOCAL DEVELOPMENT CORPORATION

    C · AFFORDABLE HOUSING · NY

  • WEST FARMS PRESERVATION HDFC

    C · AFFORDABLE HOUSING · NY

  • 740 CRANFORD HDFC

    C · AFFORDABLE HOUSING · NY

  • 2340 BEAUMONT HDFC

    C · AFFORDABLE HOUSING · NY

  • 916 POLITE HDFC

    C · AFFORDABLE HOUSING · NY

  • HARLEN HDFC

    C · AFFORDABLE HOUSING · NY

  • CONEY ISLAND PHASE 2 HDFC

    C · AFFORDABLE HOUSING · NY

  • 1414 WALTON HDFC

    C · AFFORDABLE HOUSING · NY

  • ST ANNS PORTFOLIO HDFC

    C · AFFORDABLE HOUSING · NY

  • EVERGREEN TIEBOUT HDFC

    C · AFFORDABLE HOUSING · NY

  • COURT CARROLL SACKETT HDFC

    C · AFFORDABLE HOUSING · NY

  • TWIN PARKS TERRACE HDFC

    C · AFFORDABLE HOUSING · NY

  • 311 10TH AVENUE HDFC

    C · AFFORDABLE HOUSING · NY

  • BAY TOWERS PRESERVATION HOUSING COMPANY INC

    C · AFFORDABLE HOUSING · NY

  • BAY TOWERS PRESERVATION HDFC

    C · AFFORDABLE HOUSING · NY

  • SHF WEEKSVILLE HDFC

    C · AFFORDABLE HOUSING · NY

  • 2257 GRAND HDFC

    C · AFFORDABLE HOUSING · NY

  • TOWER WEST HDFC

    C · AFFORDABLE HOUSING · NY

  • RAHF IV TOWER WEST HOUSING COMPANY INC

    C · AFFORDABLE HOUSING · NY

  • RIVER CROSSING OWNER HDFC

    C · AFFORDABLE HOUSING · NY

  • HERITAGE HOLDINGS HDFC

    C · AFFORDABLE HOUSING · NY

  • MILES PARKER OWNER HDFC

    C · AFFORDABLE HOUSING · NY

  • ROOSEVELT LANDINGS OWNER HDFC

    C · AFFORDABLE HOUSING · NY

  • 123 WEST 183 HDFC

    C · AFFORDABLE HOUSING · NY

  • 27 BED STUY HDFC

    C · AFFORDABLE HOUSING · NY

  • GOODWILL INDUSTRIES HOUSING COMPANY INC

    C · AFFORDABLE HOUSING · NY

  • JELB WEBSTER HDFC

    C · AFFORDABLE HOUSING · NY

  • ASTORIA TOWERS HDFC

    C · AFFORDABLE HOUSING · NY

  • 125 W 125TH STREET LOCAL DEVELOPMENT CORPORATION

    C · AFFORDABLE HOUSING · NY

  • 125 W 125TH STREET HDFC

    C · AFFORDABLE HOUSING · NY

  • 125 W 125TH STREET II LOCAL DEVELOPMENT CORPORATION

    C · AFFORDABLE HOUSING · NY

  • 270 WEST 96TH STREET HDFC

    C · AFFORDABLE HOUSING · NY

  • 148 BROOK HDFC

    C · AFFORDABLE HOUSING · NY

  • BROOK AND BROWN HDFC

    C · AFFORDABLE HOUSING · NY

  • THESS HDFC

    C · AFFORDABLE HOUSING · NY

  • GRANT DEVELOPMENT HDFC

    C · AFFORDABLE HOUSING · NY

  • FORT GEORGE HDFC

    C · AFFORDABLE HOUSING · NY

  • HARLEM RIVER PRESERVATION HDFC

    C · AFFORDABLE HOUSING · NY

  • STANLEY AVENUE PRESERVATION HDFC

    C · AFFORDABLE HOUSING · NY

  • SHERMAN CLUSTER HDFC

    C · AFFORDABLE HOUSING · NY

  • RISLEY DENT APARTMENTS HDFC

    C · AFFORDABLE HOUSING · NY

  • 1018 EAST 163RD STREET HDFC

    C · AFFORDABLE HOUSING · NY

  • REVIVE 103 HDFC

    C · AFFORDABLE HOUSING · NY

  • 1971 GRAND HDFC

    C · AFFORDABLE HOUSING · NY

  • 2060 PITKIN HDFC

    C · AFFORDABLE HOUSING · NY

  • TRIBORO 2059 HDFC

    C · AFFORDABLE HOUSING · NY

  • BRONX PORTFOLIO PRESERVATION HDFC

    C · AFFORDABLE HOUSING · NY

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433169349304343

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