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← TURNING POINT RED HOOK HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2023

Filed by TURNING POINT RED HOOK HOUSING DEVELOPMENT FUND CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 14 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses
$454,473 changed to $464,733
Investment income
$0 changed to $8,244
Other revenue
$8,244 changed to $0
Total assets, end of year
$1,500,293 changed to $1,572,485
Total liabilities, end of year
$2,285,832 changed to $2,368,284
Net assets or fund balances, end of year
-$785,539 changed to -$795,799
Program services expenses
$371,993 changed to $382,253
Program service expenses (Part III)
$371,993 changed to $382,253

Listed only on the later return

  • Dmitriy Goyzman
  • Frank Lei
  • Janelle Farris

Totals

Total revenue
$506,779
Total expenses
$464,733
Contributions and grants received
$90,236
Grants paid
$0
Program service revenue
$408,299
Investment income
$8,244
Other revenue
$0
Total assets, end of year
$1,572,485
Total liabilities, end of year
$2,368,284
Net assets or fund balances, end of year
-$795,799
Program services expenses (Part IX)
$382,253
Management and general expenses
$82,480
Fundraising expenses
$0
Program service expenses (Part III)
$382,253

Program services were 82.3% 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.

  • 1e · Government grants (contributions)

    $90,236

  • 2a · Program service revenue: TENANT RENTS

    total $408,299 · related or exempt $408,299

  • 3 · Investment income

    total $8,244 · excluded $8,244

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $114,310 · program services $114,310

  • 9 · Other employee benefits

    total $46,281 · program services $46,281

  • 10 · Payroll taxes

    total $9,748 · program services $9,748

  • 11b · Fees: legal

    total $4,899 · program services $4,899

  • 11g · Fees: other

    total $12,500 · program services $12,500

  • 16 · Occupancy

    total $110,922 · program services $110,922

  • 24a · Other expenses: ALLOCATED ADMINISTRATIV

    total $82,480 · management and general $82,480

  • 24b · Other expenses: REPAIRS

    total $71,591 · program services $71,591

  • 24c · Other expenses: PROGRAM

    total $8,484 · program services $8,484

  • 24d · Other expenses: SUPPLIES

    total $2,898 · program services $2,898

  • 24e · All other expenses

    total $620 · program services $620

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,377 · end of year $16,061

  • 3 · Pledges and grants receivable

    beginning of year $61,981 · end of year $64,670

  • 4 · Accounts receivable

    beginning of year $96,297 · end of year $107,750

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

    $3,131,076

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

    $3,111,076

  • 10c · Land, buildings and equipment, net

    beginning of year $20,000 · end of year $20,000

  • 15 · Other assets

    beginning of year $1,469,187 · end of year $1,364,004

  • 17 · Accounts payable and accrued expenses

    beginning of year $161,640 · end of year $82,629

  • 23 · Secured mortgages and notes payable

    beginning of year $2,215,028 · end of year $2,215,028

  • 25 · Other liabilities

    beginning of year $214,019 · end of year $70,627

  • 27 · Net assets without donor restrictions

    beginning of year -$837,845 · end of year -$795,799

Mission and programs · 2023

Mission

TO PROVIDE HOUSING AND SUPPORTIVE SERVICES TO RESIDENTS LIVING IN LOW INCOME HOUSING PROJECTS AT 713-715 HENRY STREET, BROOKLYN.

  • TO PROVIDE HOUSING AND SUPPORTIVE SERVICES TO RESIDENTS LIVING IN LOW INCOME HOUSING PROJECTS AT 713-715 HENRY STREET, BROOKLYN.

    Expenses $382,253 · Revenue $408,299

As filed on the 2023 return.

Listed in Part VII

  • Kishor Malavade

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Shawn Austin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Irene Van Slyke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Brooklyn Bureau Of Community Service

    SOLE VOTING MEMBER

    Total calculated
    $0
    Hours/week
    5 + 35 related

  • Janelle Farris

    EXECUTIVE DIRECTOR

    Total calculated
    $304,247
    From this org
    $0
    From related orgs
    $287,496
    Other
    $16,751
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,130 related
    Bonus
    $0 + $109 related
    Other
    $0 + $16,257 related
    Deferred
    $0 + $2,876 related
    Nontaxable benefits
    $0 + $13,875 related
    Filer's total
    $0 + $304,247 related

  • Dmitriy Goyzman

    CFO (FORMER)

    Total calculated
    $197,007
    From this org
    $0
    From related orgs
    $184,500
    Other
    $12,507
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,897 related
    Bonus
    $0
    Other
    $0 + $13,603 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,507 related
    Filer's total
    $0 + $197,007 related

  • Frank Lei

    CFO (CURRENT)

    Total calculated
    $0
    Hours/week
    5 + 35 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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 March 2026
IRS schema version
2023v6.0
Source object
202640649349300709

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