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Nonprofiteer
← 45TH AVE HOUSING CO

Form 990 for tax year 2023

Filed by 45TH AVE HOUSING CO.

Totals

Total revenue
$368,486
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$368,486
Investment income
$0
Other revenue
$0
Total assets, end of year
$13,512,306
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$13,512,306
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: PRI - INTEREST

    total $368,486 · related or exempt $368,486

Balance sheet

Part X, book values.

  • 13 · Investments: program-related

    beginning of year $13,143,820 · end of year $13,512,306

  • 27 · Net assets without donor restrictions

    beginning of year $13,143,820 · end of year $13,512,306

Mission and programs · 2023

Mission

TO SUPPORT SUBSIDIZED HOUSING FOR LOW INCOME SENIOR CITIZENS.

  • THE ORGANIZATION IS THE HOLDER OF PROMISSORY NOTES FROM A RELATED PARTY. THE FUNDING WAS PROVIDED FOR THE PURPOSE OF PROVIDING AFFORDABLE HOUSING TO LOW INCOME SENIOR CITIZENS.

    Revenue $368,486

As filed on the 2023 return.

Listed in Part VII

  • Stuart Kaplan

    PRESIDENT/CEO/DIRECTOR

    Total calculated
    $1,128,602
    From this org
    $0
    From related orgs
    $1,025,384
    Other
    $103,218
    Hours/week
    0.1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $829,450 related
    Bonus
    $0 + $147,169 related
    Other
    $0 + $48,765 related
    Deferred
    $0 + $30,762 related
    Nontaxable benefits
    $0 + $72,456 related
    Filer's total
    $0 + $1,128,602 related

  • Evelyn J Wolff

    ASST. SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 5 related

  • Ernest L Bial

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 4 related

  • Dennis Baum

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 5 related

  • Victor A Wyler

    SECRETARY/TREAS./DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 4 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
THE ORGANIZATION'S CEO IS THE CEO OF THE PARENT ORGANIZATION, SELFHELP COMMUNITY SERVICES, INC. AND ITS SUBSIDIARIES. HE IS COMPENSATED FOR HIS SERVICES BY SELFHELP COMMUNITY SERVICES, INC. WHICH USED THE FOLLOWING PROCESSES FOR DETERMINING HIS COMPENSATION: THE CEO'S COMPENSATION WAS REVIEWED AND APPROVED BY A COMPENSATION COMMITTEE (THE COMMITTEE) OF THE BOARD OF SELFHELP COMMUNITY SERVICES, INC. THE COMMITTEE IS COMPRISED OF INDEPENDENT PERSONS. BY ENGAGING AN INDEPENDENT COMPENSATION CONSULTANT, THE COMMITTEE CONSIDERED COMPARABLE MARKET DATA FROM PUBLISHED SURVEYS AND FORMS 990 OF COMPARABLE ORGANIZATIONS IN EVALUATING THE COMPENSATION. THE COMMITTEE CONDUCTED A REVIEW OF THIS COMPARABILITY DATA AND DOCUMENTED ITS DELIBERATION AND DISCUSSION IN MINUTES THAT ARE RETAINED WITH THE OTHER GOVERNANCE MATERIALS OF THE ORGANIZATION.
PART I, LINE 4B
STUART KAPLAN, THE CEO OF THE ORGANIZATION AND RELATED ORGANIZATIONS, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT 457(F) PLAN OF SELFHELP COMMUNITY SERVICES, INC. HE DID NOT RECEIVE A PAYMENT FROM THE PLAN DURING THE YEAR.

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.

  • SELFHELP ASSOCIATES LP

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SELFHELP APARTMENTS INC

  • SELFHELP (KIV) ASSOCIATES LP

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SELHELP (KIV) APARTMENTS INC

  • SINGLEPOINT CARE NETWORK LLC

    RELATED · CARE COORDINATOR SERVICE PROVIDER · NY

    Directly controlled by SELFHELP COMMUNITY SERVICES INC

  • SELFHELP (KI-KII) MANAGER LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SELFHELP COMMUNITY SERVICES INC

  • SELFHELP (KI-KII) ASSOCIATES LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SELFHELP (KI-KII) MANAGER LLC

  • 6469 BROADWAY SELFHELP LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by 6469 BROADWAY MANAGER LLC

  • 6469 BROADWAY MANAGERS LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by 6469 BROADWAY SELFHELP ASSOCIATES LLC

  • SELFHELP (KVII) ASSOCIATES LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SELFHELP (KI-KII) MANAGER LLC

  • APEX SENIOR CITIZEN HOUSING LP

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by APEX SENIOR HOUSING CORP

  • APEX II LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by APEX SENIOR HOUSING CORP

  • APEX II MANAGERS LLC

    RELATED · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by APEX SENIOR HOUSING CORP

Related corporations and trusts

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

  • 6469 BROADWAY SELFHELP ASSOCIATES LLC

    C · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by 6469 BROADWAY HOUSING DEVELOPMENT FUND

  • APEX SENIOR HOUSING CORP

    C · LOW INCOME HOUSING · NY

    Directly controlled by APEX HOUSING DEVELOPMENT FUND CORPORATION

  • APEX II HOUSING DEVELOPMENT FUND CORP

    C · LOW INCOME HOUSING · NY

    Directly controlled by SELFHELP COMMUNITY SERVICES

  • SELFHELP HOUSING DEVELOPMENT FUND CORPORATION

    C · FEE TITLE HOLDER K-III PROPERTY · NY

    Directly controlled by SELFHELP COMMUNITY SERVICES

  • S H(KIV) HOUSING DEVELOPMENT FUND COMPANY INC

    C · FEE TITLE HOLDER K-IV PROPERTY · NY

    Directly controlled by SELFHELP COMMUNITY SERVICES

  • SELFHELP (K-IV) APARTMENTS INC

    C · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SH HOUSING DEVELOPMENT FUND CORPORATION

  • SELFHELP APARTMENTS INC

    C · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SH HOUSING DEVELOPMENT FUND CORPORATION

  • SH 333 LENOX LLC

    C · LOW INCOME HOUSING TAX CREDIT PROJECTS · NY

    Directly controlled by SELFHELP COMMUNITY SERVICES

Provenance

Return type
form_990
Tax year
2023
Filed
17 February 2025
IRS schema version
2023v6.0
Source object
202510489349301076

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