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Nonprofiteer
← AFFORDABLE FOR NY INC

Form 990 for tax year 2023

Filed by AFFORDABLE FOR NY INC.

Totals

Total revenue
$580,519
Total expenses
$511,559
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$580,519
Investment income
$0
Other revenue
$0
Total assets, end of year
$781,176
Total liabilities, end of year
$388,880
Net assets or fund balances, end of year
$392,296
Program services expenses (Part IX)
$366,550
Management and general expenses
$145,009
Fundraising expenses
$0
Program service expenses (Part III)
$366,550

Program services were 71.7% 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.

  • 2a · Program service revenue: AFFORDABLE HOUSING OVERSIGHT

    total $580,519 · related or exempt $580,519

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $108,000 · program services $108,000

  • 11b · Fees: legal

    total $105,805 · program services $105,805

  • 11g · Fees: other

    total $264,572 · program services $121,330 · management and general $143,242

  • 12 · Advertising and promotion

    total $16,921 · program services $16,921

  • 13 · Office expenses

    total $2,984 · program services $1,616 · management and general $1,368

  • 14 · Information technology

    total $8,211 · program services $8,211

  • 16 · Occupancy

    total $3,070 · program services $3,070

  • 17 · Travel

    total $1,996 · program services $1,597 · management and general $399

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $144,687 · end of year $553,226

  • 4 · Accounts receivable

    end of year $227,950

  • 17 · Accounts payable and accrued expenses

    end of year $388,880

  • 27 · Net assets without donor restrictions

    beginning of year $144,687 · end of year $392,296

Mission and programs · 2023

Mission

AFFORDABLE FOR NEW YORK IS ACTING AS AN APPROVED HPD ADMIN AGENT TO OVERSEE LEASE UP AND MONITORING OF AFFORDABLE HOUSING IN NYC FOR INCLUSIONARY PROJECTS.

  • AFFORDABLE FOR NEW YORK IS ACTING AS AN APPROVED HPD ADMIN AGENT TO OVERSEE LEASE UP AND MONITORING OF AFFORDABLE HOUSING IN NYC FOR INCLUSIONARY PROJECTS.

    Expenses $366,550

As filed on the 2023 return.

Listed in Part VII

  • Eugene Goldstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Moshe Gutman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Fishel Schlesinger

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5
  • Victor Schlesinger

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5
  • David Spilman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202511349349310191

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