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Nonprofiteer
← KIMMEL HOUSING DEVELOPMENT FOUNDATION

Form 990 for tax year 2023

Filed by KIMMEL HOUSING DEVELOPMENT FOUNDATION.

Totals

Total revenue
$14,690
Total expenses
$8,383
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,690
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,103,760
Total liabilities, end of year
$80,779
Net assets or fund balances, end of year
$2,022,981
Program services expenses (Part IX)
$0
Management and general expenses
$8,383
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: PROGRAM RELATED INT

    total $14,690 · related or exempt $14,690

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $8,383 · management and general $8,383

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,519 · end of year $1,519

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

    $14,005

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

    $14,005

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $2,087,551 · end of year $2,102,241

  • 25 · Other liabilities

    beginning of year $72,396 · end of year $80,779

  • 27 · Net assets without donor restrictions

    beginning of year $2,016,674 · end of year $2,022,981

Mission and programs · 2023

Mission

TO DEVELOP, OWN, OPERATE AND MANAGE HOUSING FOR PERSONS OF LOW OR MODERATE INCOME, INCLUDING AFFORDABLE HOUSING, WORKFORCE HOUSING, AND HOUSING FOR PERSONS WITH DISABILITIES. THE MISSION OF THE ORGANIZATION IS TO ENCOURAGE AND ASSIST EFFORTS TO CONSERVE, MAINTAIN AND ENHANCE THE HOUSING FOR PERSONS OF LOW OR MODERATE INCOME, INCLUDING AFFORDABLE HOUSING, WORKFORCE HOUSING, AND HOUSING FOR PERSONS WITH DISABILITIES, AND TO CREATE:- AFFORDABLE HOUSING FOR WORKING FAMILIES, SINGLE HEADS OF HOUSEHOLDS, VETERANS AND OTHERS WITH SPECIAL HOUSING NEEDS-AFFORDABLE HOUSING FOR "AT RISK BUT INDEPENDENT" SENIORSCOMMUNITY SETTINGS THAT FOSTER RELATIONSHIPS BETWEEN SENIORS AND WORKING FAMILIES WITH CHILDREN-ENVIRONMENTS THAT ENCOURAGE THE DEVELOPMENT OF "FAMILIES OF CHOICE" AMONG THE TENANTS

Activities or mission (Part I)

TO CREATE AND SUPPORT AFFORDABLE HOUSING FOR PERSONS OF LOW INCOME.

  • KIMMEL HOUSING DEVELOPMENT FOUNDATION, INC. (THE ORGANIZATION") WAS FORMED FOR THE PURPOSE OF CREATING AFFORDABLE HOUSING FOR INDIVIDUALS, FAMILIES, AND FOR PEOPLE WITH SPECIAL NEEDS IN LONG ISLAND, NEW YORK. THE EXISTING AFFORDABLE HOUSING PROJECTS ARE KNOWN AS APEX SENIOR CITIZEN HOUSING, L.P. ("APEX I") AND APEX II LLC ("APEX II").

    Revenue $14,690

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stuart Kaplan

    SECRETARY/CEO/DIRECTOR

    Total calculated
    $1,128,602
    From this org
    $0
    From related orgs
    $1,025,384
    Other
    $103,218
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $829,451 related
    Bonus
    $0 + $147,169 related
    Other
    $0 + $48,764 related
    Deferred
    $0 + $30,762 related
    Nontaxable benefits
    $0 + $72,456 related
    Filer's total
    $0 + $1,128,602 related

  • Victor Wyler

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 4.7 related

  • Ronald Kisner

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Evelyn Wolf

    TREASURER/DIRECTOR

    Total calculated
    $246,189
    From this org
    $0
    From related orgs
    $194,210
    Other
    $51,979
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,991 related
    Bonus
    $0 + $13,610 related
    Other
    $0 + $3,609 related
    Deferred
    $0 + $5,826 related
    Nontaxable benefits
    $0 + $46,153 related
    Filer's total
    $0 + $246,189 related

  • Michele Dibenedetto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Lawrence Kimmel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Sheryl Silverstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Steven Tepper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 39.9 related

  • Michael Zarin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Paula Yamakaitis

    CFO

    Total calculated
    $379,522
    From this org
    $0
    From related orgs
    $321,908
    Other
    $57,614
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,419 related
    Bonus
    $0 + $36,657 related
    Other
    $0 + $22,832 related
    Deferred
    $0 + $29,983 related
    Nontaxable benefits
    $0 + $27,631 related
    Filer's total
    $0 + $379,522 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
THE ORGANIZATION'S CEO IS THE CEO OF THE PARENT ORGANIZATION, SELFHELP COMMUNITY SERVICES, INC. AND ITS SUBSIDIARIES. HE IS COMPENSATED FOR HIS SERVICES BY SELFHELP COMMUNITY SERVICES, INC. WHICH USED THE FOLLOWING PROCESSES FOR DETERMINING HIS COMPENSATION: THE CEO'S COMPENSATION WAS REVIEWED AND APPROVED BY A COMPENSATION COMMITTEE (THE COMMITTEE) OF THE BOARD OF SELFHELP COMMUNITY SERVICES, INC. THE COMMITTEE IS COMPRISED OF INDEPENDENT PERSONS. BY ENGAGING AN INDEPENDENT COMPENSATION CONSULTANT, THE COMMITTEE CONSIDERED COMPARABLE MARKET DATA FROM PUBLISHED SURVEYS AND FORMS 990 OF COMPARABLE ORGANIZATIONS IN EVALUATING THE COMPENSATION. THE COMMITTEE CONDUCTED A REVIEW OF THIS COMPARABILITY DATA AND DOCUMENTED ITS DELIBERATION AND DISCUSSION IN MINUTES THAT ARE RETAINED WITH THE OTHER GOVERNANCE MATERIALS OF THE ORGANIZATION.
PART I, LINE 4B
STUART KAPLAN, CEO, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT 457(F) PLAN OF SELFHELP COMMUNITY SERVICES, INC., A RELATED TAX-EXEMPT ORGANIZATION. HE DID NOT RECEIVE A PAYMENT IN 2023.

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.

  • SELFHELP ASSOCIATES LP

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SELFHELP APARTMENTS INC

  • SELFHELP (KIV) ASSOCIATES LP

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SELHELP (KIV) APARTMENTS INC

  • SINGLEPOINT CARE NETWORK LLC

    RELATED · CARE COORDINATOR SERVICE PROVIDER · NY

    Directly controlled by SELFHELP COMMUNITY SERVICES INC

  • SELFHELP (KI-KII) MANAGER LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SELFHELP COMMUNITY SERVICES INC

  • SELFHELP (KI-KII) ASSOCIATES LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SELFHELP (KI-KII) MANAGER LLC

  • 6469 BROADWAY SELFHELP LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by 6469 BROADWAY MANAGER LLC

  • 6469 BROADWAY MANAGERS LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by 6469 BROADWAY SELFHELP ASSOCIATES LLC

  • SELFHELP (KVII) ASSOCIATES LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SELFHELP (KI-KII) MANAGER LLC

  • APEX SENIOR CITIZEN HOUSING LP

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by APEX SENIOR HOUSING CORP

  • APEX II LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by APEX SENIOR HOUSING CORP

  • APEX II MANAGERS LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by APEX SENIOR HOUSING CORP

Related corporations and trusts

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

  • 6469 BROADWAY SELFHELP ASSOCIATES LLC

    C · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by 6469 BROADWAY HOUSING DEVELOPMENT FUND

  • APEX SENIOR HOUSING CORP

    C · LOW INCOME HOUSING · NY

    Directly controlled by APEX HOUSING DEVELOPMENT FUND CORPORATION

  • APEX II HOUSING DEVELOPMENT FUND CORP

    C · LOW INCOME HOUSING · NY

    Directly controlled by SELFHELP COMMUNITY SERVICES

  • SELFHELP HOUSING DEVELOPMENT FUND CORPORATION

    C · FEE TITLE HOLDER K-III PROPERTY · NY

    Directly controlled by SELFHELP COMMUNITY SERVICES

  • S H(KIV) HOUSING DEVELOPMENT FUND COMPANY INC

    C · FEE TITLE HOLDER K-IV PROPERTY · NY

    Directly controlled by SELFHELP COMMUNITY SERVICES

  • SELFHELP (K-IV) APARTMENTS INC

    C · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SH HOUSING DEVELOPMENT FUND CORPORATION

  • SELFHELP APARTMENTS INC

    C · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SH HOUSING DEVELOPMENT FUND CORPORATION

  • SH 333 LENOX LLC

    C · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SELFHELP COMMUNITY SERVICES

  • ANNA AND PHILIP KIMMEL FOUNDATION INC

    C · ASSIST IN PROVIDING AFFORDABLE HOUSING OPPORTUNITIES · NY

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349312183

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