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Nonprofiteer
← CYPRESS WEST HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2024

Filed by CYPRESS WEST HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$426,455
Total expenses
$562,398
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$419,529
Investment income
$5,685
Other revenue
$1,241
Total assets, end of year
$1,605,132
Total liabilities, end of year
$2,912,814
Net assets or fund balances, end of year
-$1,307,682
Program services expenses (Part IX)
$548,795
Management and general expenses
$13,603
Fundraising expenses
$0
Program service expenses (Part III)
$548,795

Program services were 97.6% 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 $419,529 · related or exempt $419,529

  • 3 · Investment income

    total $5,685 · excluded $5,685

  • 11d · All other revenue

    total $1,241 · related or exempt $1,241

  • 11e · Other revenue, total

    $1,241

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $23,011 · program services $23,011

  • 11b · Fees: legal

    total $1,897 · management and general $1,897

  • 11c · Fees: accounting

    total $8,700 · management and general $8,700

  • 11g · Fees: other

    total $6,213 · program services $3,207 · management and general $3,006

  • 13 · Office expenses

    total $13,349 · program services $13,349

  • 16 · Occupancy

    total $217,644 · program services $217,644

  • 20 · Interest

    total $4,171 · program services $4,171

  • 22 · Depreciation, depletion and amortization

    total $93,667 · program services $93,667

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $132,510 · program services $132,510

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $41,552 · program services $41,552

  • 24e · All other expenses

    total $19,684 · program services $19,684

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,941 · end of year $4,832

  • 4 · Accounts receivable

    beginning of year $46,566 · end of year $63,755

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,077 · end of year $63,504

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

    $2,579,064

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

    $1,436,659

  • 10c · Land, buildings and equipment, net

    beginning of year $1,229,104 · end of year $1,142,405

  • 15 · Other assets

    beginning of year $331,772 · end of year $330,636

  • 17 · Accounts payable and accrued expenses

    beginning of year $144,219 · end of year $128,800

  • 19 · Deferred revenue

    beginning of year $2,242 · end of year $3,632

  • 21 · Escrow or custodial account liability

    beginning of year $22,260 · end of year $22,355

  • 23 · Secured mortgages and notes payable

    beginning of year $2,677,581 · end of year $2,670,563

  • 25 · Other liabilities

    beginning of year $5,897 · end of year $87,464

  • 27 · Net assets without donor restrictions

    beginning of year -$1,171,739 · end of year -$1,307,682

Mission and programs · 2024

Mission

TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR PERSONS AND FAMILIES OF LOW INCOME IN BROOKLYN, NEW YOK.

Activities or mission (Part I)

TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR PERSONS AND FAMILIES OF LOW INCOME IN BROOKLYN, NEW YORK.

  • AFFORDABLE HOUSING PROGRAM THAT PROVIDES 39 RESIDENTIAL UNITS FOR RENT TO PERSONS AND FAMILIES OF LOW INCOME IN BROOKLYN, NEW YORK.

    Expenses $548,795 · Revenue $420,770

As filed on the 2024 return.

Listed in Part VII

  • Michelle N Neugebauer

    CEO

    Total calculated
    $231,295
    From this org
    $0
    From related orgs
    $205,469
    Other
    $25,826
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,469 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,030 related
    Nontaxable benefits
    $0 + $15,796 related
    Filer's total
    $0 + $231,295 related

  • Sylvia Stovall

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Aidan Lanigan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Mirian Rodriquez

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Harold Green

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Nick Russo

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Rd Gentzler

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Melodye Harvey

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Gaudi Polanco-Mendoza

    CFO

    Total calculated
    $187,573
    From this org
    $0
    From related orgs
    $179,473
    Other
    $8,100
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,473 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,366 related
    Nontaxable benefits
    $0 + $734 related
    Filer's total
    $0 + $187,573 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.

  • ARLINGTON APARTMENTS HDFC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • CHESTNUT COMMONS HDFC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • CHESTNUT COMMONS MM LLC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • CYPRESS COMMUNITY HDFC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • CYPRESS HILL LOCAL DEVELOPMENT CORP

    501(C)(3) · HOUSING · NY

  • CYPRESS HILLS CHESTNUT COMMONS LLC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • CYPRESS HILLS CHILD CARE CORPORATION

    501(C)(3) · DAY CARE · NY

    Directly controlled by CHLDC

  • CYPRESS HILLS COMMUNITY SCHOOL DEV CORP HOUSING625 JAMAICA AVENUE

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • CYPRESS HILLS SENIOR HOUSING HDFC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • CYPRESS HILLS TPT HDFC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • CYPRESS HOMES HDFC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • CYPRESS MEWS HDFC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • CYPRESS VILLAGE HDFC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • EAST NEW YORK BASE HOUSING DEVELOPMENT FUND CORPORATION

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • GLENMORE GARDENS HDFC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • LIBERTY APARTMENTS HDFC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • LINDEN GARDENS HDFC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • PITKIN BERRIMAN HDFC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

  • SUTTER PLACE HDFC

    501(C)(3) · HOUSING · NY

    Directly controlled by CHLDC

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.

  • CYPRESS COURT ASSOCIATES LP

    HOUSING · NY

  • CYPRESS CORNERS LP

    HOUSING · NY

  • CYPRESS PLAZA GROUP LP

    HOUSING · NY

  • 125 FOUNTAIN LP

    HOUSING · NY

  • CYPRESS HILLS SENIOR HOUSING LP

    HOUSING · NY

  • CYPRESS PITKIN BERRIMAN LP

    HOUSING · NY

  • CYPRESS VILLAGE LP

    HOUSING · NY

Related corporations and trusts

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

  • 125 FOUNTAIN AVENUE LLC (GP)

    C · HOUSING · NY

  • CHESTNUT COMMONS APARTMENTS LLC

    C · HOUSING · NY

  • CHESTNUT COMMONS CF TENANT LLC

    C · HOUSING · NY

  • CHESTNUT COMMONS MANAGERS LLC

    C · HOUSING · NY

  • CHESTNUT COMMONS RETAIL TENANT LLC

    C · HOUSING · NY

  • CYPRESS CORNERS HOUSING CORPORATION

    C · HOUSING · NY

  • CYPRESS COURT HOUSING CORPORATION

    C · HOUSING · NY

  • CYPRESS HILLS HOUSING CORP (GP)

    C · HOUSING · NY

  • CYPRESS HILLS LIBERTY INC

    C · HOUSING · NY

  • CYPRESS PLACE SENIOR HOUSING CORPORATION

    C · HOUSING · NY

  • CYPRESS PLAZA DEVELOPMENT CORPORATION

    C · HOUSING · NY

  • CYPRESS VILLAGE HOUSING CORPORATION

    C · HOUSING · NY

  • PITKIN HOUSING CORPORATION

    C · HOUSING · NY

  • SUTTER PLACE LLC

    C · HOUSING · NY

  • SUTTER PLACE MANAGERS LLC

    C · HOUSING · NY

  • SUTTER PLACE MANAGING MEMBER LLC

    C · HOUSING · NY

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523189349312682

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