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Nonprofiteer
← WEST BUSHWICK 203K HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2022

Filed by WEST BUSHWICK 203K HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$1,591,072
Total expenses
$1,836,280
Contributions and grants received
$706,299
Grants paid
$0
Program service revenue
$861,288
Investment income
$5,444
Other revenue
$18,041
Total assets, end of year
$20,784,368
Total liabilities, end of year
$24,387,932
Net assets or fund balances, end of year
-$3,603,564
Program services expenses (Part IX)
$1,534,281
Management and general expenses
$301,999
Fundraising expenses
$0
Program service expenses (Part III)
$1,534,281

Program services were 83.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SCOTT SHORT

    DIRECTOR/PRESIDENT/CEO

    Total calculated
    $500,372
    From this org
    $0
    From related orgs
    $445,968
    Other
    $54,404
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $390,725 related
    Bonus
    $0 + $33,461 related
    Other
    $0 + $21,782 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $39,154 related
    Filer's total
    $0 + $500,372 related

  • EMILY KURTZ

    DIRECTOR/VP/TREASURER

    Total calculated
    $260,108
    From this org
    $0
    From related orgs
    $213,624
    Other
    $46,484
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,995 related
    Bonus
    $0 + $4,872 related
    Other
    $0 + $1,757 related
    Deferred
    $0 + $11,020 related
    Nontaxable benefits
    $0 + $35,464 related
    Filer's total
    $0 + $260,108 related

  • D ALEXANDRA DYER

    CFO THRU AUG 2022

    Total calculated
    $179,047
    From this org
    $0
    From related orgs
    $166,859
    Other
    $12,188
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,658 related
    Bonus
    $0
    Other
    $0 + $1,201 related
    Deferred
    $0 + $5,045 related
    Nontaxable benefits
    $0 + $7,143 related
    Filer's total
    $0 + $179,047 related

  • JENNIFER NHU NGUYEN

    CFO AS OF MARCH 2023

    Total calculated
    $0
    Hours/week
    1 + 39 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

The filer's explanations (Part III)

PART I, LINE 3
AN AFFILIATED ORGANIZATION, RISEBORO COMMUNITY PARTNERSHIP COMPENSATES COMPENSATION POLICY: THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION OF ENTIRE BOARD REVIEWS THE COMPENSATION OF THE COMPANY'S CHIEF EXECUTIVE OFFICER. IN CONDUCTING THESE REVIEWS, EACH OF THE EXECUTIVE COMMITTEE AND THEIR EMPLOYEES, SOME OF WHOM SIT ON THIS BOARD. THE FOLLOWING IS THEIR THE COMPANY'S OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES. THE OFFICER, CHIEF FINANCIAL OFFICER, DIRECTOR OF HOUSING, AED'S AND COMPLIANCE THE BOARD RELIES ON APPROPRIATE COMPARABILITY DATA AND CONTEMPORANEOUSLY SUBSTANTIATES ITS DELIBERATION AND DETERMINATION. THE TITLES ARE COMPARED TO 3 TO 5 LIKE TITLES TO ORGANIZATIONS OF LIKE BUDGET SIZE AND COMPARED TO THE MEDIAN SALARIES OF THE COMPANIES. ANNUAL BOARD APPROVAL OF ALL SALARIES IS REFLECTED IN THE MINUTES OF THE BOARD. THESE REVIEWS WERE CONDUCTED IN 2022.

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.

Related corporations and trusts

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

  • 100 THROOP CORP

    C · REAL ESTATE · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • 104-110 GROVE STREET HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • 116-120 GROVE STREET HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • 1435 GATES AVE CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • 251 HARMAN STREET HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • 420 STOCKHOLM CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • 75 LINDEN STREET HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • 857 HART STREET HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • 924 HART STREET HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • 93-95 STOCKHOLM STREET HDFC

    C · REAL ESTATE · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • BETHANY MH HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • BUSHWICK 203 NHP HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • COMMUNITY PROPERTY MANAGEMENT INC

    C · MANAGEMENT OF HOUSING CORPS · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • ESPERANZA TPT HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • GOODWIN HIMROD CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • GOODWIN HIMROD SENIOR HDFC

    C · REAL ESTATE · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • HARMAN PLAZA HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • HARRY T NANCE APARTMENTS HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • HIMROD STREET APARTMENTS CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • HIMROD STREET HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • IRVING STOCKHOLM HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • JEFFERSON SPI HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • KNICKERBOCKER COMMONS CORP

    C · REAL ESTATE · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • KNICKERBOCKER COMMONS HDFC

    C · REAL ESTATE · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • KNICKERBOCKER SQUARE HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • LINDEN BUSHWICK HDFC

    C · REAL ESTATE · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • LINDEN CENTRAL CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • LINDEN COURT HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • MELROSE SPI HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • MELROSE STREET APARTMENTS CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • MELROSE STREET HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • MENNONITE UNITED REVIVAL HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • MENNONITE UNITED REVIVAL HOUSING CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RBSCC MENONITE CORP

  • NOLL STREET CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • NOLL STREET HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • OUR LADY OF LOURDES HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RBSCC MENNONITE CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RENAISSANCE ESTATES APARTMENT CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RENAISSANCE ESTATES HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RHEINGOLD CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RHEINGOLD GARDENS HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RHEINGOLD HEIGHTS ONE CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RHEINGOLD HEIGHTS ONE HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RHEINGOLD HEIGHTS TWO CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RHEINGOLD HEIGHTS TWO HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RIDGEWOOD BUSHWICK HARMAN STREET HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RIDGEWOOD BUSHWICK MANAGEMENT CORP

    C · MANAGING AGENT FOR LIMITED PARTNERSHIPS · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • SCHAEFFER APARTMENTS HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • SOUTH BUSHWICK NEIGHBORHOOD HOMES HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • STAMMTISCH CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • STAMMTISCH HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • SUNSET 20K HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • WEST BUSHWICK NRP CORP

    C · REAL ESTATE · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • WEST BUSHWICK NRP HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • WEST BUSHWICK TPT HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • WOODLAWN SENIOR LIVING HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • 50 PENN HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • HILLSIDE HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • SOUTH POINT HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RISEBORO TPT X HOUSING DEVELOPMENT CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • JOE RB CASA PASIVA CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RB 326 ROCKAWAY CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RB STEPS SENIOR CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • SUMNER SENIOR COMMUNITY CORP

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • 1601 DEKALB AVE HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RISEBORO 1601 DEKALB MEMBER LLC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • STEPS AT SARATOGA SENIOR HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • SUMNER SENIOR COMMUNITY HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • THROOP CORNERS HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RISEBORO ALAFIA 2 HDFC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

  • RISEBORO ALAFIA 2 MANAGER LLC

    C · AFFORDABLE HOUSING · NY

    Directly controlled by RISEBORO COMMUNITY PARTNERSHIP INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349314670

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