Form 990 for tax year 2022
Filed by 16 DUTCH HOUSING DEVELOPMENT FUNDCORP.
This return was superseded by a later amendment.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 2022 , filed 4 December 2024. 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.
- Investment income
- $0 changed to -$25
- Other revenue
- -$25 changed to $0
- Total assets, end of year
- $1,150,138 changed to $478,710
- Total liabilities, end of year
- $823,877 changed to $977,814
- Net assets or fund balances, end of year
- $326,261 changed to -$499,104
- Program services expenses
- $51,006 changed to $0
- Management and general expenses
- $81,845 changed to $132,851
- Program service expenses (Part III)
- $51,006 changed to not reported
Listed only on the later return
- Jonathan BrakeJONATHAN BRAKE
Listed under a different title
- Howard ChinHOWARD CHIN: CHAIR then CO-CHAIR
Totals
- Total revenue
- $50,981
- Total expenses
- $132,851
- Contributions and grants received
- $51,006
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- -$25
- Total assets, end of year
- $1,150,138
- Total liabilities, end of year
- $823,877
- Net assets or fund balances, end of year
- $326,261
- Program services expenses (Part IX)
- $51,006
- Management and general expenses
- $81,845
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $51,006
Program services were 38.4% 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.
-
1d · Related organizations
$51,006
-
1g · Noncash contributions included above
$51,006
-
11a · Other revenue: LOSS ON PARTNERSHIP
total -$25 · excluded -$25
-
11e · Other revenue, total
-$25
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $600 · management and general $600
-
11b · Fees: legal
total $45,757 · management and general $45,757
-
11c · Fees: accounting
total $29,208 · management and general $29,208
-
20 · Interest
total $51,006 · program services $51,006
-
24a · Other expenses: TAX, LICENSES, PERMITS
total $3,850 · management and general $3,850
-
24b · Other expenses: ADMINISTRATIVE EXPENSES
total $2,430 · management and general $2,430
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $31 · end of year $31
-
7 · Other notes and loans receivable
beginning of year $798,000 · end of year $798,000
-
13 · Investments: program-related
beginning of year -$306 · end of year -$331
-
15 · Other assets
beginning of year $506,394 · end of year $352,438
-
25 · Other liabilities
beginning of year $895,969 · end of year $823,877
-
27 · Net assets without donor restrictions
beginning of year $408,150 · end of year $326,261
Mission and programs · 2022
Mission
THE ORGANIZATION NOMINALLY OWNS AND OPERATES A CONDOMINIUM UNIT CONSISTING OF RESIDENTIAL APARTMENTS DEDICATED EXCLUSIVELY TO LOW INCOME INDIVIDUALS OR FAMILIES WHO QUALIFY UNDER THE APPLICABLE LOW INCOME HOUSING PLAN REGULATORY AGREEMENT WITH NYC HOUSING, PRESERVATION AND DEVELOPMENT (HPD).
Activities or mission (Part I)
THE ORGANIZATION OPERATES AND NOMINALLY OWNS A CONDOMINIUM UNIT CONSISTING OF RESIDENTIAL APARTMENTS DEDICATED EXCLUSIVELY TO LOW INCOME INDIVIDUALS OR FAMILIES WHO QUALIFY UNDER THE APPLICABLE LOW INCOME HOUSING PLAN REGULATORY AGREEMENT WITH NYC HOUSING, PRESERVATION AND DEVELOPMENT (HPD).
-
THE ORGANIZATION SERVES AS THE LEGAL OWNER OF A CONDOMINIUM UNIT CONSISTING OF 28 AFFORDABLE RESIDENTIAL APARTMENTS (ABOVE GROUND FLOOR RETAIL IN A DIFFERENT CONDOMINIUM UNIT WITH A DIFFERENT OWNER). THE BENEFICIAL OWNER RENTS ALL BUT ONE SUPERINTENDENT UNIT TO LOW INCOME INDIVIDUALS OR FAMILIES WHO QUALIFY UNDER THE LOW INCOME HOUSING PLAN AGREEMENT WITH NYC HPD.
Expenses $51,006
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Calvin ChinCALVIN CHIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Chester LeeCHESTER LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Eddie MoEDDIE MO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Flora SiFLORA SI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Howard ChinHOWARD CHIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Jay LauJAY LAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Veronica TsangVERONICA TSANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Alan J GersonALAN J GERSON
GENERAL COUNSEL
- Total calculated
- $118,954
- From this org
- $0
- From related orgs
- $110,475
- Other
- $8,479
- Hours/week
- 5 + 35 related
-
Anthony FullingtonANTHONY FULLINGTON
CFO
- Total calculated
- $119,230
- From this org
- $0
- From related orgs
- $112,394
- Other
- $6,836
- Hours/week
- 5 + 35 related
-
Wayne HoWAYNE HO
PRESIDENT & CEO
- Total calculated
- $290,601
- From this org
- $0
- From related orgs
- $261,474
- Other
- $29,127
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $261,076 related
- Bonus
- $0
- Other
- $0 + $398 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $29,127 related
- Filer's total
- $0 + $290,601 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.
-
CHINESE-AMERICAN PLANNING COUNCIL HOME ATTENDANT PROGRAM INC
501(C)(3) · HOME CARE SERVICE · NY
Directly controlled by CPC HOME ATTENDANT PROGRAM HOLDINGS INC
-
CHINESE-AMERICAN PLANNING COUNCIL INC
501(C)(3) · EDUCATIONAL & COMMUNITY SERVICES · NY
-
CHINESE-AMERICAN TRIBECA CENTER INC
501(C)(3) · MANAGE FACILITIES FOR DAY CARE CENTER AND HOME ATTENDANT PROGRAM · NY
Directly controlled by CPC TENANT AND BUILDING SERVICES
-
CPC HAP HOLDINGS INC (PENDING EXEMPTION)
501(C)(3) · HOLDING COMPANY · NY
Directly controlled by CHINESE AMERICAN PLANNING COUNCIL INC
-
501(C)(3) · PROVIDE AFFORDABLE HOUSING · NY
Directly controlled by CHINESE AMERICAN PLANNING COUNCIL INC
-
CPC SUFFOLK HOUSING DEVELOPMENT
501(C)(3) · PROVIDE AFFORDABLE HOUSING · NY
Directly controlled by CHINESE AMERICAN PLANNING COUNCIL INC
-
CPC TENANT AND BUILDING SERVICES INC
501(C)(3) · TENANT AND BUILDING SERVICES · NY
Directly controlled by CHINESE-AMERICAN PLANNING COUNCIL
-
NAN SHAN LOCAL DEVELOPMENT CORPORATION
501(C)(3) · COMMUNITY SERVICE · NY
Directly controlled by CPC TENANT AND BUILDING SERVICES
-
THE CHINATOWN PLANNING COUNCIL HOUSING DEVELOPMENT FUND COMPANY INC
501(C)(3) · PROVIDE AFFORDABLE HOUSING THROUGH HUD · NY
Directly controlled by CPC TENANT AND BUILDING SERVICES
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
16 DUTCH LLC
HOLDING COMPANY · NY · income $0 · assets $331
Directly controlled by 16 DUTCH HOUSING DEVELOPMENT FUND CORPORATION
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
110 FULTON ASSOCIATES LLC
RELATED · HOLDING COMPANY · NY · 50% owned · general or managing partner
Directly controlled by 16 DUTCH HOUSING DEVELOPMENT FUND CORPORATION
-
FULTON & DUTCH LIMITED PARTNERSHIP
HOLDING COMPANY · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 17 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323189349305962
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