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← 330 EAST FOURTH STREET HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2023

Filed by 330 EAST FOURTH STREET HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$4,652
Total expenses
$138,875
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$4,652
Other revenue
$0
Total assets, end of year
$2,228,644
Total liabilities, end of year
$3,997,406
Net assets or fund balances, end of year
-$1,768,762
Program services expenses (Part IX)
$136,579
Management and general expenses
$2,296
Fundraising expenses
$0
Program service expenses (Part III)
$136,579

Program services were 98.3% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,652 · excluded $4,652

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,296 · management and general $2,296

  • 11g · Fees: other

    total $400 · program services $400 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $110 · program services $110

  • 20 · Interest

    total $15,250 · program services $15,250

  • 22 · Depreciation, depletion and amortization

    total $120,819 · program services $120,819

  • 24a · Other expenses: BAD DEBTS

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $43,618

  • 2 · Savings and temporary cash investments

    beginning of year $8,198 · end of year $8,580

  • 4 · Accounts receivable

    beginning of year $212,501 · end of year $212,501

  • 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

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

    $3,652,983

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

    $1,940,838

  • 10c · Land, buildings and equipment, net

    beginning of year $1,832,964 · end of year $1,712,145

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $294,822 · end of year $251,800

  • 17 · Accounts payable and accrued expenses

    beginning of year $510,227 · end of year $524,609

  • 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 $3,472,797 · end of year $3,472,797

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$1,634,539 · end of year -$1,768,762

Mission and programs · 2023

Mission

PERMANENTLY HOUSES FORMERLY HOMELESS ELDERLY PERSONS WHO PARTICIPATE IN CASE MANAGEMENT, CRISIS INTERVENTION, NUTRITIONAL, & RECREATIONAL SERVICES IN NYC & THE SURROUNDING AREAS.

Activities or mission (Part I)

PERMANENTLY HOUSES FORMERLY HOMELESS ELDERLY PERSONS WHO PARTICIPATE IN CASE MANAGEMENT.

  • HOUSING SERVICES - THE ORGANIZATION IS A MAJOR PROVIDER OF HOUSING FOR PEOPLE WITH A HISTORY OF HOMELESSNESS. IT OPERATES UNITS OF PERMANENT HOUSING. RESIDENTS HAVE SIGNED LEASES AND TENANCY RIGHTS. THESE APARTMENTS ARE DEDICATED FOR FORMERLY HOMELESS INDIVIDUALS WITH A HISTORY OF MENTAL ILLNESS AND/OR SUBSTANCE ABUSE. OUR PERMANENT HOUSING PROGRAMS ARE A KEY RESOURCE FOR GRADUATES FROM BRC SAFE HAVEN, SHELTER AND TRANSITIONAL HOUSING PROGRAMS, AND OFTEN SERVE AS THE APPROPRIATE NEXT STEP FOR HOUSING.

    Expenses $136,579

As filed on the 2023 return.

Listed in Part VII

  • Antonio X Molestina

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Julie Salamon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Lawrence Graham

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Marcy E Wilkov

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Matthew Sirovich

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Richard Swanson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Lawrence Rosenblatt

    VICE PRESIDENT

    Total calculated
    $475,892
    From this org
    $0
    From related orgs
    $400,503
    Other
    $75,389
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $395,738 related
    Bonus
    $0
    Other
    $0 + $4,765 related
    Deferred
    $0 + $23,825 related
    Nontaxable benefits
    $0 + $51,564 related
    Filer's total
    $0 + $475,892 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 COMPENSATION
ALL COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION, BOWERY RESIDENTS COMMITTEE, INC.

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.

  • 902 LIBERTY AVE LP

    REAL ESTATE · NY

  • BRC LANDING ROAD II LP

    REAL ESTATE · NY

Related corporations and trusts

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

  • 93 PITT STREET GP INC

    C Corporation · HOUSING · NY

  • 139-141 AVENUE D GP INC

    C Corporation · HOUSING · NY

  • 902 LIBERTY AVENUE GP INC

    C Corporation · HOUSING · NY

  • BRC AMSTERDAM LLC

    C Corporation · HOUSING · NY

  • BRC BCD MEMBER LLC

    C Corporation · HOUSING · NY

  • BRC INWOOD II HDFC

    C Corporation · HOUSING · NY

  • BRC LANDING II GP INC

    C Corporation · HOUSING · NY

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501359349307770

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