Form 990 for tax year 2024
Filed by TURNING POINT RED HOOK HOUSING DEVELOPMENT FUND CORPORATION.
Totals
- Total revenue
- $210,409
- Total expenses
- $1,157,633
- Contributions and grants received
- $86,598
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $123,811
- Total assets, end of year
- $930,484
- Total liabilities, end of year
- $2,673,507
- Net assets or fund balances, end of year
- -$1,743,023
- Program services expenses (Part IX)
- $1,150,447
- Management and general expenses
- $7,186
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,150,447
Program services were 99.4% 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.
-
1e · Government grants (contributions)
$86,598
-
11a · Other revenue: OTHER REVENUE
total $123,811 · excluded $123,811
-
11e · Other revenue, total
$123,811
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $10,669 · program services $3,483 · management and general $7,186
-
13 · Office expenses
total $1,610 · program services $1,610
-
16 · Occupancy
total $96,960 · program services $96,960
-
24a · Other expenses: ALL OTHER EXPENSES
total $967,348 · program services $967,348
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $78,045 · program services $78,045
-
24c · Other expenses: PROGRAM EXP. (FOOD/ETC)
total $3,001 · program services $3,001
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $16,061 · end of year $113,976
-
3 · Pledges and grants receivable
beginning of year $64,670 · end of year $0
-
4 · Accounts receivable
beginning of year $107,750 · end of year $59,132
-
10a · Land, buildings and equipment: cost or other basis
$3,131,076
-
10b · Land, buildings and equipment: accumulated depreciation
$3,111,076
-
10c · Land, buildings and equipment, net
beginning of year $20,000 · end of year $20,000
-
11 · Investments: publicly traded securities
end of year $737,376
-
15 · Other assets
beginning of year $1,364,004 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $82,629 · end of year $282,368
-
19 · Deferred revenue
end of year $18,799
-
23 · Secured mortgages and notes payable
beginning of year $2,215,028 · end of year $2,215,028
-
25 · Other liabilities
beginning of year $70,627 · end of year $157,312
-
27 · Net assets without donor restrictions
beginning of year -$795,799 · end of year -$1,743,023
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
TURNING POINT RED HOOK HOUSING DEVELOPMENT CORPORATION PROVIDES HOUSING TO RESIDENTS LIVING IN LOW-INCOME HOUSING PROJECTS AT 713-714 HENRY STREET, BROOKLYN. AS PART OF THE BROOKLYN COMMUNITY SERVICES HOUSING NETWORK, THE ORGANIZATION PROVIDES (SEE SCHEDULE O)EDUCATIONAL, HEALTH AND SOCIAL SERVICES TO DISADVANTAGED INDIVIDUALS IN BROOKLYN, NEW YORK.
Activities or mission (Part I)
WE PROVIDE HOUSING & SUPPORTIVE SERVICES TO LOW-INCOME INDIVIDUALS AND FAMILIES.
-
TO PROVIDE HOUSING AND SUPPORTIVE SERVICES TO RESIDENTS LIVING IN LOW INCOME HOUSING PROJECTS AT 713-715 HENRY STREET, BROOKLYN.
Expenses $1,150,447
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Joseph FreyerJOSEPH FREYER
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Kishor MalavadeKISHOR MALAVADE
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jerry R RiveraJERRY R RIVERA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Shawn AustinSHAWN AUSTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Keith BanhazlKEITH BANHAZL
DIRECTOR (THRU 07/2024)
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Marla G SimpsonMARLA G SIMPSON
DIRECTOR (THRU 12/2024)
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Irene Van SlykeIRENE VAN SLYKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jodi QuerbachJODI QUERBACH
COO & ACTING CO-PRES/EXECUTIVE DR.
- Total calculated
- $266,335
- From this org
- $0
- From related orgs
- $240,886
- Other
- $25,449
- Hours/week
- 1 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $240,608 related
- Bonus
- $0 + $278 related
- Other
- $0
- Deferred
- $0 + $1,000 related
- Nontaxable benefits
- $0 + $24,449 related
- Filer's total
- $0 + $266,335 related
-
Monae PriolenauMONAE PRIOLENAU
INTERIM CO-EXECUTIVE DIRECTOR
- Total calculated
- $210,669
- From this org
- $0
- From related orgs
- $194,987
- Other
- $15,682
- Hours/week
- 1 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $194,987 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $1,950 related
- Nontaxable benefits
- $0 + $13,732 related
- Filer's total
- $0 + $210,669 related
-
Frank Lei As Of 052025FRANK LEI AS OF 052025
CHIEF FINANCIAL OFFICER
- Total calculated
- $0
- Hours/week
- 1 + 36 related
-
Douglas SchneiderDOUGLAS SCHNEIDER
GENERAL COUNSEL
- Total calculated
- $162,433
- From this org
- $0
- From related orgs
- $125,639
- Other
- $36,794
- Hours/week
- 1 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $115,169 related
- Bonus
- $0
- Other
- $0 + $10,470 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $36,794 related
- Filer's total
- $0 + $162,433 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.
-
TURNING POINT HDFC
501(C)(3) · HOUSING · NY
Directly controlled by BCS
-
BROOKLYN BUREAU OF COMMUNITY SERVICE DBA BCS
501(C)(3) · SOCIAL SERVICES PROVIDER · NY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 September 2026
- IRS schema version
- 2024v5.5
- Source object
- 202642539349301559
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