2024-11-15T20:19:43-06:00 2023-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2023-01-01 113294777 CYPRESS WEST HOUSING DEVELOPMENT FUND CORPORATION CYPR 7186472800 625 JAMAICA AVE BROOKLYN NY 11208 MICHELLE NEUGEBAUER CEO 7186472800 2024-11-15 1 0 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2024-11-15 2023 2024-10-15 13:58:12Z MICHELLE NEUGEBAUER 625 JAMAICA AVE BROOKLYN NY 11208 410888 0 X N/A X 1996 NY TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR PERSONS AND FAMILIES OF LOW INCOME IN BROOKLYN, NEW YORK. 8 7 0 7 0 0 0 0 368087 405661 2494 5047 68 180 370649 410888 0 0 0 0 0 0 0 0 0 511144 497510 511144 497510 -140495 -86622 1734313 1680460 2819430 2852199 -1085117 -1171739 TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR PERSONS AND FAMILIES OF LOW INCOME IN BROOKLYN, NEW YOK. 0 0 486164 411279 AFFORDABLE HOUSING PROGRAM THAT PROVIDES 39 RESIDENTIAL UNITS FOR RENT TO PERSONS AND FAMILIES OF LOW INCOME IN BROOKLYN, NEW YORK. 486164 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X SHINDA MANAGEMENT CORPORATION 3475343219 221-10 JAMAICA AVENUE - 3 FLR QUEENS VILLAGE NY 11428 MICHELLE N NEUGEBAUER EXECUTIVER DIRECTOR 0.50 35.00 X X 0 184429 25762 SYLVIA STOVALL PRESIDENT 1.00 2.00 X X 0 0 0 AIDAN LANIGAN VICE PRESIDENT 1.00 2.00 X X 0 0 0 MIRIAN RODRIQUEZ SECRETARY 1.00 2.00 X X 0 0 0 HAROLD GREEN TREASURER 1.00 2.00 X X 0 0 0 NICK RUSSO MEMBER 0.50 1.00 X 0 0 0 RD GENTZLER MEMBER 0.50 1.00 X 0 0 0 MELODYE HARVEY MEMBER 0.50 1.00 X 0 0 0 GAUDI POLANCO-MENDOZA CFO 0.50 35.00 X 0 148434 6786 0 332863 32548 0 0 1 0 0 RENTAL INCOME 531110 405661 405661 405661 5047 5047 180 180 180 410888 405841 0 5047 23668 23668 1101 1101 8858 8858 2599 1212 1387 8994 8994 148686 148686 3515 3515 93667 93667 52361 52361 REPAIRS & MAINTENANCE 98536 98536 BAD DEBT EXPENSE 34356 34356 21169 21169 497510 486164 11346 0 16782 21941 39255 46566 41695 51077 2572096 1342992 1322771 1229104 313810 331772 1734313 1680460 109743 144219 1305 2242 18269 22260 2684565 2677581 5548 5897 2819430 2852199 X -1085117 -1171739 -1085117 -1171739 1734313 1680460 -86622 0 X 0 1 X 1 0 X 373509 357962 373142 368087 405841 1878541 373509 357962 373142 368087 405841 1878541 0 0 0 1878541 4371 2883 2284 2494 5047 17079 4371 2883 2284 2494 5047 17079 18300 7285 197 68 391 26241 396180 368130 375623 370649 411279 1921861 0.97750 0.97710 0.00890 0.00850 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 18,300. 2020 AMOUNT: $ 7,285. 2021 AMOUNT: $ 197. 2022 AMOUNT: $ 68. 2023 AMOUNT: $ 391. 0 1 X 1800 1800 2515296 1302204 1213092 38324 38324 0 16676 2464 14212 1229104 OTHER ASSETS 8499 TENANT SECURITY DEPOSITS 22260 DUE FROM AFFILIATES 18937 OTHER RESERVES 78718 REPLACEMENT RESERVE 203358 331772 DUE TO AFFILIATE 5897 5897 X 410888 0 410888 0 410888 497510 0 497510 0 497510 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS SECURITY DEPOSITS AS REQUIRED BY STATE LAW. PART X, LINE 2: THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (''IRS'') TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. 0 0 0 0 0 0 0 0 0 MICHELLE N NEUGEBAUER EXECUTIVER DIRECTOR 0 184429 0 0 0 0 0 7081 0 18681 0 210191 0 0 GAUDI POLANCO-MENDOZA CFO 0 148434 0 0 0 0 0 6052 0 734 0 155220 0 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE 990 TO OBTAIN AN UNDERSTANDING OF THE REPORTING REQUIREMENTS AND TO ENSURE IT IS ACCURATE AND COMPLETE. SUBSEQUENTLY, A COPY OF THE DRAFT 990 IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW. THE FINANCE COMMITTEE WILL MEET WITH THE MANAGEMENT TO DISCUSS THE 990 AND RESOLVE ANY QUESTIONS THAT MAY ARISE. THE DRAFT 990 WIL THEN BE DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. UPON APPROVAL FROM THE BOARD OF DIRECTORS THE 990 WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS AND EMPLOYEES REPORT ANNUALLY IF A CONFLICT APPEARS TO EXIST, MANAGEMENT AND THE BOARD WILL MEET WITH THE INDIVIDUAL TO OBTAIN ALL FACTS. SUBSEQUENTLY, A VOTE WILL ENSURE IF THE MATTER IS INDEED A CONFLICT OF INTEREST. IF IT IS FOUND TO BE A CONFLICT OF INTEREST, THE INDIVIDUAL WITH THE CONFLICT OF INTEREST MUST REFRAIN FROM PARTICIPATING IN THE DELIBERATION AND DECISION MAKING CONCERNING THE MATTER THAT GAVE RISE TO THE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ARLINGTON APARTMENTS HDFC 625 JAMAICA AVENUE BROOKLYN NY 11208 113166122 HOUSING NY 501(C)(3) LINE 10 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 0 CYPRESS HILL LOCAL DEVELOPMENT CORP 625 JAMAICA AVENUE BROOKLYN NY 11208 112683663 HOUSING NY 501(C)(3) LINE 7 N/A 0 CYPRESS HOMES HDFC 625 JAMAICA AVENUE BROOKLYN NY 11208 113440887 HOUSING NY 501(C)(3) LINE 10 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 0 PITKIN BERRIMAN HOUSING DEVELOPMENT FUND CORPORATION 625 JAMAICA AVENUE BROOKLYN NY 11208 451263315 HOUSING NY 501(C)(3) LINE 10 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 0 CYPRESS VILLAGE LP 625 JAMAICA AVENUE BROOKLYN NY 11028 453677180 AFFORDABLE HOUSING NY N/A 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0