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← MHANY 2004 HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2023

Filed by MHANY 2004 HOUSING DEVELOPMENT FUND CORPORATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 27 June 2025. matched by us Only the Part I totals and the names listed in Part VII 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 revenue
$1,699,486 changed to $1,665,143
Total expenses
$2,211,492 changed to $2,193,515
Other revenue
$38,575 changed to $4,232
Total liabilities, end of year
$15,323,512 changed to $15,339,878
Net assets or fund balances, end of year
-$2,724,164 changed to -$2,740,530
Program services expenses
$2,082,239 changed to $2,064,262
Program service expenses (Part III)
$2,082,239 changed to $2,064,262

Listed only on the later return

  • Derrick Owens

Listed under a different title

  • Dorothy Amadi: SECRETARY then OUTGOING SECRETARY
  • Natalie Brown: PRESIDENT then SECRETARY

Totals

Total revenue
$1,699,486
Total expenses
$2,211,492
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,660,811
Investment income
$100
Other revenue
$38,575
Total assets, end of year
$12,599,348
Total liabilities, end of year
$15,323,512
Net assets or fund balances, end of year
-$2,724,164
Program services expenses (Part IX)
$2,082,239
Management and general expenses
$129,253
Fundraising expenses
$0
Program service expenses (Part III)
$2,082,239

Program services were 94.2% 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 $1,660,811 · related or exempt $1,660,811

  • 3 · Investment income

    total $100 · excluded $100

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $3,960 · related or exempt $3,960

  • 11d · All other revenue

    total $34,615 · related or exempt $34,615

  • 11e · Other revenue, total

    $38,575

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $301,523 · program services $172,270 · management and general $129,253

  • 11b · Fees: legal

    total $33,444 · program services $33,444

  • 11c · Fees: accounting

    total $11,020 · program services $11,020

  • 11g · Fees: other

    total $1,832 · program services $1,832

  • 13 · Office expenses

    total $15,377 · program services $15,377

  • 16 · Occupancy

    total $429,720 · program services $429,720

  • 20 · Interest

    total $561,887 · program services $561,887

  • 22 · Depreciation, depletion and amortization

    total $408,753 · program services $408,753

  • 23 · Insurance

    total $130,179 · program services $130,179

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $239,550 · program services $239,550

  • 24b · Other expenses: LATE FEES

    total $2,300 · program services $2,300

  • 24c · Other expenses: PERMITS

    total $1,200 · program services $1,200

  • 24e · All other expenses

    total $74,707 · program services $74,707

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $28,252

  • 4 · Accounts receivable

    beginning of year $152,699 · end of year $165,444

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,447 · end of year $40,308

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

    $16,420,149

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

    $4,255,311

  • 10c · Land, buildings and equipment, net

    beginning of year $12,528,844 · end of year $12,164,838

  • 15 · Other assets

    beginning of year $154,950 · end of year $200,506

  • 17 · Accounts payable and accrued expenses

    beginning of year $435,769 · end of year $343,213

  • 19 · Deferred revenue

    beginning of year $16,015 · end of year $28,616

  • 21 · Escrow or custodial account liability

    beginning of year $38,653 · end of year $41,211

  • 23 · Secured mortgages and notes payable

    beginning of year $14,125,137 · end of year $14,111,088

  • 25 · Other liabilities

    beginning of year $464,524 · end of year $799,384

  • 27 · Net assets without donor restrictions

    beginning of year -$2,212,158 · end of year -$2,724,164

Mission and programs · 2023

Mission

DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

  • TO PROVIDE AFFORDABLE HOUSING TO PERSONS OF LIMITED INCOME BY BUYING, LEASING, DEVELOPING, AND REHABILITATING PROPERTIES, AND OTHERWISE ENGAGING IN THE COLLECTNE AND CORPORATE ACTIVITIES NECESSARY TO IMPLEMENT THESE ENDS.

    Expenses $2,082,239 · Revenue $1,699,386

As filed on the 2023 return.

Listed in Part VII

  • Dorothy Amadi

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 13 related

  • Jenny Pacheco

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 13 related

  • Natalie Brown

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 13 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.

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.

  • MHANY 1999 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 1999 II HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2002 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2003 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2005 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2011 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2012 HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2012 II HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY 2013

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY DUMONT HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY MANAGEMENT INC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

  • MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MHANY STELLA HDFC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • MUTUAL HOUSING ASSOCIATION OF NEW YORK

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

  • NEW JERSEY ACORN HOUSING CORPORATION INC

    501(C)(3) · DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME · NY

    Directly controlled by MHANY MANAGEMENT INC

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.

  • 730 ROCKAWAY AVE LP

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • 830 FOX STREET LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • 830 FOX STREET MANAGERS LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • ACORN NEW JERSEY STRAIGHT APARTMENTS LP

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • BRISTOL HOPKINSON LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • MHANY 3 ASSOCIATES LP

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • MHANY 4 ASSOCIATES LP

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • MHANY 5 ASSOC LP

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • MHANY CORTELYOU LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • MHANY CORTELYOU GP

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • MHANY OWNERS 2015 LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • PE2 OWNERS LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

  • PHOENIX ESTATES LLC

    INVESTMENT IN LOW-INCOME HOUSING · NY

Related corporations and trusts

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

  • 1825 ATLANTIC MHANY INC

    C · INVESTMENT · NY

  • 730 ROCKAWAY INC

    C · INVESTMENT · NY

  • 830 FOX STREET HDFC

    C · INVESTMENT · NY

  • ACORN STRAIGHT APARTMENTS INC

    C · INVESTMENT · NY

  • ACORN BRISTOL HDFC

    C · INVESTMENT · NY

  • MHANY 2007 HDFC

    C · INVESTMENT · NY

  • MHANY 2013 HOLDINGS HDFC

    C · INVESTMENT · NY

  • MHANY 2015 HDFC

    C · INVESTMENT · NY

  • MHANY 2015 MANAGER INC

    C · INVESTMENT · NY

  • MHANY 3 INC

    C · INVESTMENT · NY

  • MHANY 4 INC

    C · INVESTMENT · NY

  • MHANY 5 INC

    C · INVESTMENT · NY

  • MHANY BRITSOL INC

    C · INVESTMENT · NY

  • MHANY CORTELYOU HDFC

    C · INVESTMENT · NY

  • PE2 HDFC

    C · INVESTMENT · NY

  • PE2 MANAGER LLC

    C · INVESTMENT · NY

  • PHOENIX ESTATES HDFC

    C · INVESTMENT · NY

  • PHOENIX HUNTS POINT CORP

    C · INVESTMENT · NY

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443199349300614

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