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← N B C-U S A OF NEW YORK ONE HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2024

Filed by N B C-U S A OF NEW YORK ONE HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$2,858,192
Total expenses
$2,266,204
Contributions and grants received
$2,259,676
Grants paid
$0
Program service revenue
$513,725
Investment income
$10,336
Other revenue
$74,455
Total assets, end of year
$5,286,229
Total liabilities, end of year
$9,781,448
Net assets or fund balances, end of year
-$4,495,219
Program services expenses (Part IX)
$1,904,696
Management and general expenses
$361,508
Fundraising expenses
$0
Program service expenses (Part III)
$1,904,696

Program services were 84.0% 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.

  • 1e · Government grants (contributions)

    $2,259,676

  • 2a · Program service revenue: LOW-INCOME HOUSING RENTAL

    total $513,725 · related or exempt $513,725

  • 3 · Investment income

    total $10,336 · excluded $10,336

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: UTILITY REFUND

    total $47,310 · related or exempt $47,310

  • 11b · Other revenue: ANTENNA & OTHER

    total $27,145 · excluded $27,145

  • 11e · Other revenue, total

    $74,455

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 $271,641 · program services $271,641

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $23,371 · program services $23,371

  • 10 · Payroll taxes

    total $22,192 · program services $22,192

  • 11a · Fees: management

    total $344,011 · management and general $344,011

  • 11b · Fees: legal

    total $82,716 · program services $82,716

  • 11c · Fees: accounting

    total $17,497 · management and general $17,497

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $308,834 · program services $308,834

  • 12 · Advertising and promotion

    total $2,218 · program services $2,218

  • 13 · Office expenses

    total $30,085 · program services $30,085

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $683,789 · program services $683,789

  • 17 · Travel

    total $0

  • 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 $418,054 · program services $418,054

  • 23 · Insurance

    total $0

  • 24a · Other expenses: ELDERLY CARE EXPENSES

    total $55,884 · program services $55,884

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $5,006 · program services $5,006

  • 24c · Other expenses: MISCELLANEOUS FEES

    total $906 · program services $906

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,118 · end of year $227,821

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $417,069 · end of year $25,844

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,174 · end of year $56,881

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

    $11,070,657

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

    $6,507,211

  • 10c · Land, buildings and equipment, net

    beginning of year $3,994,263 · end of year $4,563,446

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $722,457 · end of year $412,237

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,156,984 · end of year $615,565

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $8,535 · end of year $6,659

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $32,869 · end of year $37,324

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $9,121,900 · end of year $9,121,900

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$5,087,207 · end of year -$4,495,219

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE ORGANIZATION PROVIDES ELDERLY AND LOW INCOME HOUSING TO THOSE WHO MEET THE QUALIFYING STANDARDS.

  • THE ORGANIZATION PROVIDES HOUSING TO LOW INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE U.S. DEPARTMENT OF HUD. THE CORPORATION OWNS AND OPERATES AN APARTMENT BUILDING CONSISTING OF 98 UNITS LOCATED IN MOUNT VERNON, NY.

    Expenses $1,904,696 · Revenue $513,725

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Israel Wilhelm

    PRESIDENT

    Total calculated
    $31,200
    From this org
    $0
    From related orgs
    $30,000
    Other
    $1,200
    Hours/week
    0 + 2 related

  • Willie Gable Jr

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Keith Corbett

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Levi Brook

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Abraham Lapine

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Deborah Friedman

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • William Franklyn Richardson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

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.

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.

  • Guild House I LP

    Affordable Ho · PA

  • Palomino Apartments LP

    Affordable Ho · TX

  • ST John Tower LLC

    Affordable Ho · NY

  • William Watters House GP LLC

    Affordable Ho · VA

  • Mayflower Manor Apartments GP LLC

    Affordable Ho · OH

  • Casa Trevino Apartments HOD LLC

    Affordable Ho · TX

  • Cedar Green Housing HOD LLC

    Affordable Ho · TX

  • Sarah Allen Elderly Housing LP

    Affordable Ho · PA

  • Greenview Manor Senior Apartments LP

    Affordable Ho · FL

  • Hacienda Villas Apartments LP

    AFFORDABLE HO · FL

  • Kappa House I LLC

    Affordable Ho · OH

  • Maple Woods Apartments HOD LLC

    Affordable Ho · VA

  • Shockoe I Apartments GP LLC

    Affordable Ho · VA

  • Alexian Court Apartments LP

    Affordable Ho · MO

  • Bethany Manor Apartments Urban Renewal L

    Affordable Ho · NJ

  • De Freese Manor Apartments LP

    Affordable Ho · NE

  • Kenzie Senior Apartments LP

    Affordable Ho · MN

  • Parker Square Apartments GP LLC

    Affordable Ho · MO

  • Phillip Sims Apartments LDHA LP

    Affordable Ho · MI

  • River Senior Apartments LP

    Affordable Ho · MN

  • BV Affordable Housing LP

    Affordable Ho · SC

  • Casa Trevino Elderly Apartments LP

    Affordable Ho · TX

  • Cathay Manor Apartments LP

    Affordable Ho · CA

  • Cedar Green Senior Housing LP

    Affordable Ho · TX

  • GL Affordable Housing LP

    Affordable Ho · SC

  • Kappa House I LP

    Affordable Ho · OH

  • Maple Woods Elderly Apartments LP

    Affordable Ho · VA

  • Mayflower Manor Apartments Ohio LP

    Affordable Ho · OH

  • Menorah Plaza Apartments LP

    Affordable Ho · MN

  • Parker Square Apartments Missouri LP

    Affordable Ho · MS

  • Restoration Plaza I & II LP

    Affordable Ho · OH

  • Shockoe I Apartments VA LP

    Affordable Ho · VA

  • Sir Walter Apartments LP

    Affordable Ho · NC

  • Sunshine Village Sarasota LP

    Affordable Ho · FL

  • William Watters House LP

    Affordable Ho · VA

  • Woodberry Apartments LP

    Affordable Ho · DC

  • Amer Opp for Housing - James Park LP

    Affordable Housin · FL

  • Bethany Village Apartments Indiana LLC

    Affordable Housin · IN

  • Central Manor Senior Apartments LP

    Affordable Housin · FL

  • Faith Village Senior Housing LP

    Affordable Housin · TX

  • Gesher House HOD LP

    Affordable Housin · NJ

  • Guild House II LLC

    Affordable Housin · PA

  • Kappa House Senior Apartments II LP

    Affordable Housin · OH

  • Wilentz Senior Residence Urban Renewal L

    Affordable Housin · NJ

Related corporations and trusts

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

  • HOD Prospect MM LLC

    C corp · AFFORDABLE HO · NJ · controlled entity

    Directly controlled by HOD Prospect Pa

  • VUM Sterling Park Inc

    C corp · AFFORDABLE HO · VA

    Directly controlled by HOUSE OF DAVID

  • Sir Walter Apartments GP LLC

    C corp · AFFORDABLE HO · NC

    Directly controlled by HOUSE OF DAVID

  • Woodberry Apartments GP LLC

    C corp · AFFORDABLE HO · DC

    Directly controlled by HOUSE OF DAVID

Provenance

Return type
form_990
Tax year
2024
Filed
14 September 2026
IRS schema version
2024v5.2
Source object
202642579349300934

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