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Nonprofiteer
← CLUSTERS II HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2022

Filed by CLUSTERS II HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$224,758
Total expenses
$657,077
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$224,758
Investment income
$0
Other revenue
$0
Total assets, end of year
$14,351,495
Total liabilities, end of year
$14,783,814
Net assets or fund balances, end of year
-$432,319
Program services expenses (Part IX)
$655,302
Management and general expenses
$1,775
Fundraising expenses
$0
Program service expenses (Part III)
$655,302

Program services were 99.7% 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 $224,758 · related or exempt $224,758

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $39,848 · program services $38,073 · management and general $1,775

  • 11b · Fees: legal

    total $1,918 · program services $1,918

  • 11g · Fees: other

    total $14,025 · program services $14,025

  • 13 · Office expenses

    total $1,669 · program services $1,669

  • 16 · Occupancy

    total $95,857 · program services $95,857

  • 22 · Depreciation, depletion and amortization

    total $118,019 · program services $118,019

  • 23 · Insurance

    total $942 · program services $942

  • 24a · Other expenses: BAD DEBT

    total $370,713 · program services $370,713

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $14,086 · program services $14,086

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $37,592

  • 4 · Accounts receivable

    end of year $174,786

  • 9 · Prepaid expenses and deferred charges

    end of year $28,156

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

    $14,147,127

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

    $65,752

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $14,081,375

  • 14 · Intangible assets

    end of year $27,733

  • 15 · Other assets

    beginning of year $0 · end of year $1,853

  • 17 · Accounts payable and accrued expenses

    end of year $57,633

  • 21 · Escrow or custodial account liability

    end of year $1,853

  • 23 · Secured mortgages and notes payable

    end of year $14,680,461

  • 25 · Other liabilities

    beginning of year $0 · end of year $43,867

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year -$432,319

Mission and programs · 2022

Mission

OWNING AND OPERATING A RESIDENTIAL HOUSING COMPLEX FOR LOW-INCOME INDIVIDUALS.

  • OWNING AND OPERATING A RESIDENTIAL HOUSING COMPLEX FOR LOW-INCOME INDIVIDUALS.

    Expenses $655,302 · Revenue $224,758

As filed on the 2022 return.

Listed in Part VII

  • Alexa Sewell

    PRESIDENT

    Total calculated
    $324,690
    From this org
    $0
    From related orgs
    $286,870
    Other
    $37,820
    Hours/week
    0.25 + 38.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,870 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,000 related
    Nontaxable benefits
    $0 + $31,820 related
    Filer's total
    $0 + $324,690 related

  • Jacqueline Tom

    SECRETARY/TREASURER

    Total calculated
    $182,617
    From this org
    $0
    From related orgs
    $167,946
    Other
    $14,671
    Hours/week
    0.25 + 38.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,946 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,423 related
    Nontaxable benefits
    $0 + $13,248 related
    Filer's total
    $0 + $182,617 related

  • Fazeela Siddiqui

    VICE PRESIDENT

    Total calculated
    $162,799
    From this org
    $0
    From related orgs
    $124,221
    Other
    $38,578
    Hours/week
    0.25 + 38.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $124,221 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,000 related
    Nontaxable benefits
    $0 + $32,578 related
    Filer's total
    $0 + $162,799 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.

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.

  • 1561 ASSOCIATES LLC

    AFFORDABLE HOUSING · NY

  • 1561 DEVELOPER LLC

    AFFORDABLE HOUSING · NY

  • 1561 MM LLC

    AFFORDABLE HOUSING · NY

  • 1615 ST JOHN'S PL LP

    AFFORDABLE HOUSING · NY

  • MARCY BAER ASSOCIATES LP

    AFFORDABLE HOUSING · NY

  • NSA 2015 LLC

    AFFORDABLE HOUSING · NY

  • NSA 2015 MM LLC

    AFFORDABLE HOUSING · NY

  • NSA 2015 OWNER LLC

    AFFORDABLE HOUSING · NY

  • ST LUCY SHF LLC

    AFFORDABLE HOUSING · NY

  • TWO BRIDGESET ASSOCIATES LP

    AFFORDABLE HOUSING · NY

  • BEECH SET LLC

    AFFORDABLE HOUSING · NY

  • TWIN PARKS TERRACE LLC

    AFFORDABLE HOUSING · NY

  • TP DEVELOPER LLC

    AFFORDABLE HOUSING · NY

  • TP MM LLC

    AFFORDABLE HOUSING · NY

  • NSA ADMIN LLC

    AFFORDABLE HOUSING · NY

  • SHF TWIN PARKS TERRACE LLC

    AFFORDABLE HOUSING · NY

  • HARLEM RIVER PRESERVATION HTC LLC

    AFFORDABLE HOUSING · NY

  • HARLEM RIVER PRESERVATION LLC

    AFFORDABLE HOUSING · NY

  • HARLEM RIVER PRESERVATION MM LLC

    AFFORDABLE HOUSING · NY

  • SHF WHGA HRP LLC

    AFFORDABLE HOUSING · NY

  • TWIN PARKS TERRACE MASTER TENANT LLC

    AFFORDABLE HOUSING · NY

  • SHF TPT MASTER TENANT LLC

    AFFORDABLE HOUSING · NY

  • SHF WHGA HRP MM LLC

    AFFORDABLE HOUSING · NY

Related corporations and trusts

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

  • 1314 SENECA HDFC

    C · AFFORDABLE HOUSING · NY

  • 1340 STRATFORD HOUSING COMPANY INC

    C · AFFORDABLE HOUSING · NY

  • 1561 HDFC

    C · AFFORDABLE HOUSING · NY

  • 1971 GRAND HDFC

    C · AFFORDABLE HOUSING · NY

  • 2060 PITKIN HDFC

    C · AFFORDABLE HOUSING · NY

  • 2BT HDFC

    C · AFFORDABLE HOUSING · NY

  • BROOK AND BROWN HDFC

    C · AFFORDABLE HOUSING · NY

  • FIRST WOMEN'S DEVELOPMENT CORP

    C · AFFORDABLE HOUSING · NY

  • GOODWILL INDUSTRIES HOUSING COMPANY INC

    C · AFFORDABLE HOUSING · NY

  • HARLEM RIVER PRESERVATION HDFC

    C · AFFORDABLE HOUSING · NY

  • NSA 2015 HDFC

    C · AFFORDABLE HOUSING · NY

  • PARK TOWERS HDFC

    C · AFFORDABLE HOUSING · NY

  • ROOSEVELT LANDINGS OWNER HDFC

    C · AFFORDABLE HOUSING · NY

  • SHF WEEKSVILLE HDFC

    C · AFFORDABLE HOUSING · NY

  • TREMONT HDFC

    C · AFFORDABLE HOUSING · NY

  • TRIBORO 2059 HDFC

    C · AFFORDABLE HOUSING · NY

  • TWO BRIDGESET TOWERS INC

    C · AFFORDABLE HOUSING · NY

  • WEST FARMS PRESERVATION HDFC

    C · AFFORDABLE HOUSING · NY

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349307944

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