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Nonprofiteer
← 575 FIFTH AVENUE HDFC

Form 990 for tax year 2023

Filed by 575 FIFTH AVENUE HDFC.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
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.

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 10a · Land, buildings and equipment: cost or other basis

    $1

  • 10c · Land, buildings and equipment, net

    beginning of year $1 · end of year $1

  • 28 · Net assets with donor restrictions

    beginning of year $1 · end of year $1

Mission and programs · 2023

Mission

THE ORGANIZATION IS THE NOMINEE DEED HOLDER OF A PROPERTY AT 575 FIFTH AVENUE IN BROOKLYN NEW YORK WHICH IS OPERATED FOR THE BENEFIT OF LOW INCOME INDIVIDUALS WITH SPECIAL NEEDS.

Activities or mission (Part I)

THE ORGANIZATION IS THE NOMINEE DEED HOLDER OF A PROPERTY AT 575 FIFTH AVENUE IN BROOKLYN NY.

  • NONE

As filed on the 2023 return.

Listed in Part VII

  • Michelle De La Uz

    SECRETARY

    Total calculated
    $255,546
    From this org
    $0
    From related orgs
    $244,820
    Other
    $10,726
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $238,320 related
    Bonus
    not reported + $3,500 related
    Other
    not reported + $3,000 related
    Deferred
    not reported + $10,646 related
    Nontaxable benefits
    not reported + $80 related
    Filer's total
    not reported + $255,546 related

  • William Yates

    TREASURER

    Total calculated
    $202,232
    From this org
    $0
    From related orgs
    $161,061
    Other
    $41,171
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $156,311 related
    Bonus
    not reported + $4,750 related
    Other
    not reported
    Deferred
    not reported + $6,748 related
    Nontaxable benefits
    not reported + $34,423 related
    Filer's total
    not reported + $202,232 related

  • Dany Cunningham

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

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

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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.

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.

  • FAC Sunset Park Limited Partnership

    Related · Low Income Housing · NY · 0.01% owned

    Directly controlled by FAC Sunset Park GP

  • Supportive Slope Limited Partnership

    Related · Low Income Hosuing · NY · 0.01% owned

    Directly controlled by 575 Fifth Avenue Inc

  • FAC Renaissance Limited Partnership

    Related · Low Income Hosuing · NY · 0.01% owned

    Directly controlled by FAC Renaissance GP

  • FAC Brownsville Apartments LP

    Related · Low Income Hosuing · NY · 0.01% owned

    Directly controlled by FAC Brownsville Apartments GP

  • FAC 6309 Fourth Avenue MM LLC

    Related · Low Income Hosuing · NY · 0.01% owned

    Directly controlled by FAC 6309 Fourth Avenue GP Inc

  • FAC 6309 Fourth Avenue LP

    Related · Low Income Hosuing · NY · 0.01% owned

    Directly controlled by FAC 6309 Fourth Avenue GP Inc

Related corporations and trusts

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

  • 575 Fifth Avenue Inc

    C Corp · Low Income Housing · NY · 100% owned

    Directly controlled by Fifth Avenue Committee

  • FAC Renaissance GP

    C-Corp · Low Income Housing · NY · 100% owned

    Directly controlled by Fifth Avenue Committee

  • FAC Sunset Park GP

    C-Corp · Low Income Housing · NY · 100% owned

    Directly controlled by Fifth Avenue Committee

  • FAC 6309 Fourth Avenue HDFC

    For profit HDFC · Low Income Housing · NY · 100% owned

    Directly controlled by Fifth Avenue Committee

  • FAC Fulton Street Housing Development Fund Corporation

    For profit HDFC · Low Income Housing · NY · 100% owned

    Directly controlled by Fifth Avenue Committee

  • FAC 6309 Fourth Avenue GP Inc

    C-Corp · Low Income Housing · NY · 100% owned

    Directly controlled by Fifth Avenue Committee

  • FAC Brownsville Apartments GP

    C-Corp · Low Income Housing · NY · 100% owned

    Directly controlled by Fifth Avenue Committee

Provenance

Return type
form_990
Tax year
2023
Filed
7 July 2024
IRS schema version
2023v5.1
Source object
202412369349300421

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