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← TSINY 163RD STREET HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2023

Filed by TSINY 163RD STREET HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$1,342,925
Total expenses
$281,481
Contributions and grants received
$682,413
Grants paid
$0
Program service revenue
$0
Investment income
$660,512
Other revenue
$0
Total assets, end of year
$15,318,592
Total liabilities, end of year
$9,286,242
Net assets or fund balances, end of year
$6,032,350
Program services expenses (Part IX)
$281,481
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$281,481

Program services were 100.0% 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.

  • 1e · Government grants (contributions)

    $682,413

  • 3 · Investment income

    total $660,512 · excluded $660,512

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $281,481 · program services $281,481

Balance sheet

Part X, book values.

  • 7 · Other notes and loans receivable

    beginning of year $14,658,079 · end of year $15,318,592

  • 23 · Secured mortgages and notes payable

    beginning of year $9,687,173 · end of year $9,286,242

  • 27 · Net assets without donor restrictions

    beginning of year $4,970,906 · end of year $6,032,350

Mission and programs · 2023

Mission

TO DEVELOP A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

  • THE CORPORATION OWNS A 44-BED SUPPORTED SINGLE ROOM OCCUPANCY FACILITY. THE POPULATIONS TARGETED FOR SERVICES PROVIDED IN THIS FACILITY ARE ADULTS 18 YEARS OF AGE OR OLDER WHO HAVE BEEN DIAGNOSED WITH SERIOUS MENTAL ILLNESS AND PERSONS OF LOW INCOME.

    Expenses $281,481

As filed on the 2023 return.

Listed in Part VII

  • Abbey F Goldstein Esq

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related

  • Vladimir Gasca MD

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 1.4 related

  • Paul Wilson

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 1.4 related

  • Larry S Grubler Psyd

    ASSIST SECRET(NONVOTING)/CEO-TSINY

    Total calculated
    $415,088
    From this org
    $0
    From related orgs
    $314,460
    Other
    $100,628
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $314,460 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,868 related
    Nontaxable benefits
    $0 + $81,760 related
    Filer's total
    $0 + $415,088 related

  • Stanley L Corfman CPA

    CFO-TSINY TO 1/8/24

    Total calculated
    $304,983
    From this org
    $0
    From related orgs
    $231,048
    Other
    $73,935
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,048 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,863 related
    Nontaxable benefits
    $0 + $60,072 related
    Filer's total
    $0 + $304,983 related

  • Randy Vivona

    CFO-TSINY AS OF 1/9/24

    Total calculated
    $167,509
    From this org
    $0
    From related orgs
    $126,901
    Other
    $40,608
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,901 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,614 related
    Nontaxable benefits
    $0 + $32,994 related
    Filer's total
    $0 + $167,509 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)

PART I, LINE 3
LARRY S. GRUBLER IS THE CEO OF TRANSITIONAL SERVICES OF NEW YORK INC. ("TSINY") AND IS COMPENSATED BY TRANSITIONAL SERVICES OF NEW YORK INC. WHICH IS A RELATED ENTITY OF TSINY 163RD STREET HOUSING DEVELOPMENT FUND CORPORATION. LARRY S. GRUBLER IS THE ASSISTANT SECRETARY OF TSINY 163RD STREET HOUSING DEVELOPMENT FUND CORPORATION. HIS COMPENSATION IS A MATTER BETWEEN THE CEO AND THE TSINY BOARD OF DIRECTORS. IN DETERMINING THE CEO'S COMPENSATION, THE TSINY BOARD OF DIRECTORS REVIEWS SALARY INFORMATION FOR OTHER CEO'S WITH SIMILAR AGENCIES ORIGINALLY OBTAINED FROM A COMMISSIONED SALARY SURVEY AND UPDATED PERIODICALLY FROM PUBLIC SOURCES.

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.

  • TSINY BUILDING 74 LP INC

    DEVELOP, REHABILITATE, LEASE, MANAGE, AND OPERATE BUILDING 74 PROJECT. · NY

  • TSINY 163RD STREET LP

    DEVELOP, REHABILITATE, LEASE, MANAGE, AND OPERATE BUILDING 74 PROJECT. · NY

  • TSINY 89TH AVENUE LP

    DEVELOP, REHABILITATE, LEASE, MANAGE, AND OPERATE BUILDING 74 PROJECT. · NY

Related corporations and trusts

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

  • TSINY BUILDING 74 GP INC

    C · MANAGES TSINY BUILDING 74 LP, INC. · NY

  • TSINY 163RD STREET GP INC

    C · GENERAL PARTNER OF TSINY 163LP · NY

  • TSINY 89TH AVE GP INC

    C · MANAGE TSINY 89TH AVENUE LP · NY

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349308808

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