Skip to content
Nonprofiteer
← BRONX POINT HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2022

Filed by BRONX POINT HOUSING DEVELOPMENT FUND COMPANY INC.

This return was superseded by a later amendment.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 25 April 2024. 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.

Total revenue
$784,408 changed to $9,904,968
Total expenses
$175,724 changed to $9,904,968
Contributions and grants received
$784,408 changed to $9,904,968
Total assets, end of year
$615,305 changed to $7,075,006
Total liabilities, end of year
$617,777 changed to $7,075,006
Net assets or fund balances, end of year
-$2,472 changed to $0
Program services expenses
$175,380 changed to $9,904,968
Management and general expenses
$344 changed to $0
Program service expenses (Part III)
$175,380 changed to $9,904,968

Totals

Total revenue
$784,408
Total expenses
$175,724
Contributions and grants received
$784,408
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$615,305
Total liabilities, end of year
$617,777
Net assets or fund balances, end of year
-$2,472
Program services expenses (Part IX)
$175,380
Management and general expenses
$344
Fundraising expenses
$0
Program service expenses (Part III)
$175,380

Program services were 99.8% 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)

    $784,408

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $344 · management and general $344

  • 24a · Other expenses: BUILDING CONSTRUCTION

    total $175,380 · program services $175,380

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,345,599 · end of year $300

  • 4 · Accounts receivable

    beginning of year $1,262,088 · end of year $615,005

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,773,986 · end of year $617,777

  • 27 · Net assets without donor restrictions

    beginning of year -$166,299 · end of year -$2,472

Mission and programs · 2022

Mission

THE BRONX POINT HDFC SERVES AS THE NOMINEE OWNER FOR THE BRONX POINT PROJECT THAT WILL PROVIDE AFFORDABLE HOUSING, A MUSEUM TO CELEBRATE HIP HOP HISTORY AND CULTURE, PROVIDE RETAIL OPPORTUNITIES, AN EARLY CHILDHOOD CENTER, AND COMMUNITY SERVICES PROGRAMMING. BRONX POINT HAS 7 CONDOMINIUMS, OF WHICH 3 ARE RESIDENTIAL WITH 542 AFFORDABLE HOUSING UNITS.

Activities or mission (Part I)

THE BRONX POINT HDFC SERVES AS THE NOMINEE OWNER FOR THE BRONX POINT.

  • THE CREATION OF THE PUBLIC PARK AND ESPLANADE AT BRONX POINT.

    Expenses $175,380

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Douglas Tween

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.75 related

  • Janice Hart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.75 related

  • Roger Begelman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.75 related

  • Eileen Torres

    EXECUTIVE DIRECTOR

    Total calculated
    $372,592
    From this org
    $0
    From related orgs
    $299,208
    Other
    $73,384
    Hours/week
    0.3 + 36.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $298,762 related
    Bonus
    $0
    Other
    $0 + $446 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $42,884 related
    Filer's total
    $0 + $372,592 related

  • Gordon Miller

    CFO

    Total calculated
    $250,395
    From this org
    $0
    From related orgs
    $226,686
    Other
    $23,709
    Hours/week
    0.3 + 36.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,492 related
    Bonus
    $0
    Other
    $0 + $194 related
    Deferred
    $0 + $9,116 related
    Nontaxable benefits
    $0 + $14,593 related
    Filer's total
    $0 + $250,395 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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 June 2023
IRS schema version
2022v5.0
Source object
202311579349300841

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.