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← 16 DUTCH HOUSING DEVELOPMENT FUNDCORP

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This return was superseded by a later amendment.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 Brake

Listed under a different title

  • Howard 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 Chin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Chester Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Eddie Mo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Flora Si

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Howard Chin

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Jay Lau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Veronica Tsang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Alan 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 Fullington

    CFO

    Total calculated
    $119,230
    From this org
    $0
    From related orgs
    $112,394
    Other
    $6,836
    Hours/week
    5 + 35 related
  • Wayne 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.

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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