Skip to content
Nonprofiteer
← 1068 FRANKLIN AVENUE HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2022

Filed by 1068 FRANKLIN AVENUE HOUSING DEVELOPMENT FUND CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 15 November 2023. 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.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$550,000
Total expenses
$582,775
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$580,839
Management and general expenses
$1,936
Fundraising expenses
$0
Program service expenses (Part III)
$580,839

Program services were 99.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Raul Russi

    President

    Total calculated
    $935,391
    From this org
    $0
    From related orgs
    $861,432
    Other
    $73,959
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $650,518 related
    Bonus
    $0 + $210,914 related
    Other
    $0
    Deferred
    $0 + $21,750 related
    Nontaxable benefits
    $0 + $52,209 related
    Filer's total
    $0 + $935,391 related

  • Lymaris Albors

    chief ececutive officer

    Total calculated
    $795,306
    From this org
    $0
    From related orgs
    $748,860
    Other
    $46,446
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $656,410 related
    Bonus
    $0 + $92,450 related
    Other
    $0
    Deferred
    $0 + $21,006 related
    Nontaxable benefits
    $0 + $25,440 related
    Filer's total
    $0 + $795,306 related

  • Jose A Rodriguez

    chief legal officer/exec vp

    Total calculated
    $601,037
    From this org
    $0
    From related orgs
    $560,176
    Other
    $40,861
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $468,650 related
    Bonus
    $0 + $91,526 related
    Other
    $0
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $26,361 related
    Filer's total
    $0 + $601,037 related

  • Vicky Gatell

    chief financial officer

    Total calculated
    $473,732
    From this org
    $0
    From related orgs
    $432,484
    Other
    $41,248
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,134 related
    Bonus
    $0 + $70,350 related
    Other
    $0
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $26,748 related
    Filer's total
    $0 + $473,732 related

  • Eliezer Rodriguez Esq

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Carmen S Melero

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Marybeth Hotaling

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • ARNIE SEGARRA

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 10 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 — 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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J PART I LINE 3
Pursuant to the Organization's bylaws, the Organization delegates to its parent entity the hiring of the CEO and President. The compensation of the executives is approved by the Parent entity, who hires a consultant to conduct a study. A standing compensation commitee of the Parent entity reviews a compensation study and votes on how to proceed.
SCHEDULE J PART I LINE 7
The Bonuses for the CEO and President are approved by the Board of the Parent entity. The remaining executive bonuses are approved by the CEO.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313189349306386

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.