2024-03-18T10:25:53-05:00 2023-09-30 271895149 Heveron & Company CPAs PLLC 260 Plymouth Avenue South Rochester NY 14608 990 2022-10-01 161386456 Housing Opportunities Housing Development Fund Corporation HOUS 5855466340 400 East Ave Rochester NY 14607 Ruperto Montero CFO 5855466340 2024-03-15 1 Ruperto Montero 999009999 0 Stephanie Annunziata P00195472 5852322956 2024-03-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Ruperto Montero 400 East Ave Rochester NY 14607 281551 0 X N/A X 1992 NY Developing, maintaining, and operating affordable housing for low/very low income individuals. 3 2 0 7 0 0 0 0 260159 279143 27 25 3251 2383 263437 281551 0 0 0 0 0 0 0 0 0 484400 502085 484400 502085 -220963 -220534 1591105 1496020 2976190 2890873 -1385085 -1394853 Developing, maintaining, and operating affordable housing for person of low income. 0 0 450139 281526 The sole program of Housing Opportunities Housing Development Fund Corporation is to maintain affordable housing for low and very low income individuals within the greater Rochester, New York area. 450139 1 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 1 1 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 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 1 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 0 0 NY X X The Organization 5855466340 400 East Ave Rochester NY 14607 X Alexander D Castro Vice President 0.10 40.00 X X 0 243302 13494 Kathleen Greeley Director 0.10 0.40 X 0 0 0 Jean Lowe Director 0.10 X 0 0 0 Jason Sackett President 0.10 40.00 X 0 76139 2284 Kathryn Bryan Vice President 0.10 40.00 X 0 173543 12459 Ruperto Montero Vice President and Treasurer 0.10 40.00 X 0 209888 12063 Leslie W Kernan Jr Secretary 0.10 40.00 X 0 191447 5743 0 894319 46043 0 0 1 0 0 Rental Income 531110 279143 279143 279143 25 25 Other Income 900099 2383 2383 2383 281551 281526 0 25 X 25713 25713 13797 13797 2390 2390 88140 88140 5963 1404 4559 176015 176015 651 651 316 316 14055 14055 92195 92195 48794 48794 Bad Debt Expense 31200 31200 2856 2856 502085 450139 51946 0 8517 14315 173415 168436 21260 13480 40643 22931 2789823 1661815 1198903 1128008 139010 139010 9357 9840 1591105 1496020 267672 149432 2747 17997 9357 9840 2193713 2193713 502701 519891 2976190 2890873 X -1385085 -1394853 -1385085 -1394853 1591105 1496020 X -220534 210766 X 0 1 X 1 0 X X 1 PathStone Corporation Inc 160984913 10 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Part IV, Section A, Line 1: PathStone Corporation is not listed in the organizational documents. The organization was formed as an affiliate of PathStone Development Corporation. PathStone Development Corporation affiliated with PathStone Corporation years ago. At that time the activities of PathStone Development Corporation and its affiliate, Housing Opportunities Housing Development Fund Corporation, were streamlined to support PathStone Corporation's mission through affordable housing activities. The organizations share facilities, management and overhead. This relationship is expected to continue indefinitely. 0 1 X 2041 2041 2787163 1661196 1125967 619 619 0 1128008 Investment in Subsidiaries 139010 C 139010 Due to Related Parties 378682 Notes Payable to Related Parties 141209 519891 281551 0 281551 0 281551 502085 0 502085 0 502085 Part IV, Line 2b: The escrow represents deposits held for the Organization's tenants. 0 0 0 0 0 0 0 0 0 Alexander D Castro Vice President 0 243302 0 0 0 0 0 7299 0 6195 0 256796 0 0 Ruperto Montero Vice President and Treasurer 0 209888 0 0 0 0 0 6297 0 5766 0 221951 0 0 Leslie W Kernan Jr Secretary 0 191447 0 0 0 0 0 5743 0 0 0 197190 0 0 Kathryn Bryan Vice President 0 173543 0 0 0 0 0 5206 0 7253 0 186002 0 0 Part I, Line 3 The wages and benefits of all top management employees are determined by the personnel committee of PathStone Corporation, the related organization, as part of its ongoing wage comparative studies and benefit budgeting process. The process includes independent review, comparability data, and deliberation by a compensation committee. Form 990, Part VI, Section A, line 3 The Organization is managed by PathStone Development Corporation, a related organization. Form 990, Part VI, Section A, line 6 PathStone Development Corporation, a related tax-exempt organization and member of the Organization, has the right to elect members of the governing body. Form 990, Part VI, Section A, line 7a Directors are appointed by PathStone Development Corporation, a related organization. Form 990, Part VI, Section A, line 7b The dissolution of the Organization must be approved by the board of directors of PathStone Development Corporation, a related organization. Form 990, Part VI, Section A, line 8b There are no other committees besides the full board. Form 990, Part VI, Section B, line 11b A draft copy of the return was distributed to the members of the board for comments before filing. Form 990, Part VI, Section B, line 12c During the new board member orientation, the policy is fully explained by the President and attorney. The board member understands that it is important to follow the policy at all times during his or her term on the board. It is made clear that if any conflict arises, that the policy is in effect and should be followed. This is also re-emphasized annually when the policy is signed on a yearly basis. In addition to the Conflict of Interest Policy, the organization's parent company, PathStone Corporation, has a questionnaire that all board members must fill out annually to determine whether they have a real or potential conflict of interest. If any potential conflicts are learned about through this or any other method, they are reviewed by the Board of Directors of Housing Opportunities Housing Development Fund Corporation, and ultimately by the President/CEO of PathStone Corporation. The CEO of PathStone Corporation has the ultimate responsibility for determining whether or not a conflict exists and he, in conjunction with PathStone Corporation's Senior Vice President for Human Resources and the Chairman of the Board of Housing Opportunities Housing Development Fund Corporation for that employee's division, will determine the course of action necessary. Form 990, Part VI, Section B, line 15 While Housing Opportunities Housing Development Fund Corporation does not have any direct compensation expense, the wages and benefits of all top management employees of PathStone Corporation are determined by the personnel committee of said parent company, PathStone Corporation, as part of its ongoing wage comparative studies and benefit budgeting process. The process includes independent review, comparability data, and deliberation by a compensation committee. Form 990, Part VI, Section C, line 19 Housing Opportunities Housing Development Fund Corporation makes its governing documents (Bylaws and Certificate of Incorporation) available to the public upon written request. The parent company, PathStone Corporation has the following policy in place: PathStone bylaws, policies and other governing documents are available on the PathStone Electronic Library, which may be accessed by employees. The company may grant access to the Electronic Library to non-employees as well, when there is a need for others to access information, for example auditors and funders. PathStone prints an annual report which is made public each year. Copies are mailed to stakeholders and it is readily available to the public. Form 990, Part VII: Some members of the Board of Directors are full time employees (40 or more hours per week) of the parent company, PathStone Corporation, and are compensated as such. Form 990, Part IX, line 11g Salaries Paid by Pathstone: Program service expenses 83,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 83,100. Consulting Fee: Program service expenses 5,040. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,040. Form 990, Part XI, line 9: Transfer from Westminster, L.P. 210,766. PathStone Housing Action Corporation 400 East Avenue Rochester NY 14607 161183242 Affordable Housing NY 501(c)(3) Line 10 PathStone Development Corporation 0 The Housing Council at PathStone 75 College Avenue Rochester NY 14607 160991179 Home Ownership NY 501(c)(3) Line 12a, I PathStone Corporation 0 PathStone Development Corporation 7 Prince Street Rochester NY 14607 161265765 Affordable Housing NY 501(c)(3) Line 12a, I PathStone Corporation 0 PathStone Corporation 400 East Avenue Rochester NY 14607 160984913 Education, Training, Childhood Education, etc NY 501(c)(3) Line 9 N/A 0 Alloway Housing Development Fund Corporation 400 East Avenue Rochester NY 14607 203574586 Affordable Housing NY 501(c)(3) Line 12a, I PathStone Development Corp 0 Wilson Commencement Park 251 Joseph Ave Rochester NY 14605 222667299 Transitional Housing NY 501(c)(3) Line 10 PathStone Corporation 0 Wilson Commencement Park HDFC 400 East Avenue Rochester NY 14607 223080471 Transitional Housing NY 501(c)(3) Line 10 Wilson Commencement Park 0 Ada Ridge Partners II LLC 400 East Avenue Rochester NY 14607 262373989 Affordable Housing NY N/A N/A 0 0 Ada Ridge Partners LP 400 East Avenue Rochester NY 14607 161592991 Affordable Housing NY N/A Related 0 0 Albion Senior Living LLC 400 East Avenue Rochester NY 14607 260345950 Affordable Housing NY N/A N/A 0 0 Alturas de Castaner LP 400 East Avenue Rochester NY 14607 203947099 Affordable Housing NY N/A N/A 0 0 Andrews Terrace LLC 400 East Avenue Rochester NY 14607 203199493 Affordable Housing NY N/A N/A 0 0 Anthony Square LP 7 Prince Street Rochester NY 14607 161589159 Affordable Housing NY N/A N/A 0 0 April Meadows LP 400 East Avenue Rochester NY 14607 166498924 Affordable Housing NY N/A N/A 0 0 Beechwood Apartments LLC 400 East Avenue Rochester NY 14607 273685642 Affordable Housing NY N/A N/A 0 0 Bradmar Village LLC 400 East Avenue Rochester NY 14607 272288636 Affordable Housing NY N/A N/A 0 0 Breckenridge on Seneca LLC 7 Prince Street Rochester NY 14607 300730121 Affordable Housing NY N/A N/A 0 0 Briarwood Place LP 400 East Avenue Rochester NY 14607 161544146 Affordable Housing NY N/A N/A 0 0 Brower Road LLC 400 East Avenue Rochester NY 14607 030485949 Affordable Housing NY N/A N/A 0 0 Canal Place LP 7 Prince Street Rochester NY 14607 752975899 Affordable Housing NY N/A N/A 0 0 Canal View Senior Housing LLC 400 East Avenue Rochester NY 14607 204440054 Affordable Housing NY N/A N/A 0 0 Castle Street Associates LP 400 East Avenue Rochester NY 14607 161311570 Affordable Housing NY N/A N/A 0 0 Cedar Creek Housing LLC 400 East Avenue Rochester NY 14607 900347268 Affordable Housing NY N/A N/A 0 0 Central Place LP 7 Prince Street Rochester NY 14607 161520376 Affordable Housing NY Housing Opportunities Housing Development Fund Corporation Related -79408 -509826 0 0 0.99000 Clarkson-Seldon Square Partners LP 400 East Avenue Rochester NY 14607 223607775 Affordable Housing NY N/A N/A 0 0 Clayton Heights LP 7 Prince Street Rochester NY 14607 412124095 Affordable Housing NY Housing Opportunities Housing Development Fund Corporation Related -812 18953 0 0 0.00010 Clifton Commons Associates LP 400 East Avenue Rochester NY 14607 161386724 Affordable Housing NY N/A N/A 0 0 Creekside Clearing LP 7 Prince Street Rochester NY 14607 050607089 Affordable Housing NY N/A N/A 0 0 Crerand Commons LLC 400 East Avenue Rochester NY 14607 811064094 Affordable Housing NY N/A N/A 0 0 Destiny at WCP LP 400 East Avenue Rochester NY 14607 562623875 General Housing NY N/A N/A 0 0 Eastman Reserve LLC 400 East Avenue Rochester NY 14607 824590505 Affordable Housing NY N/A N/A 0 0 Elliott's Landing LP 7 Prince Street Rochester NY 14607 204754791 Affordable Housing NY N/A N/A 0 0 Elmgrove Place LP 7 Prince Street Rochester NY 14607 061716252 Affordable Housing NE N/A N/A 0 0 Fullerton Lofts LP 400 East Avenue Rochester NY 14607 475278308 Affordable Housing NY N/A N/A 0 0 Gettysburg Scattered Sites Associates 400 East Avenue Rochester NY 14607 251645782 Affordable Housing NY N/A N/A 0 0 Hale Court LP 7 Prince Street Rochester NY 14607 204754992 Affordable Housing NY N/A N/A 0 0 Heritage Meadows Partners LP 400 East Avenue Rochester NY 14607 161537986 Affordable Housing NY N/A N/A 0 0 Highland Meadows Partners LLC 400 East Avenue Rochester NY 14607 134220309 Affordable Housing NY N/A N/A 0 0 Lander Street Partners II LP 400 East Avenue Rochester NY 14607 061473326 Affordable Housing NY N/A N/A 0 0 Lander Street Partners III LLC 400 East Avenue Rochester NY 14607 562523429 Affordable Housing NY N/A N/A 0 0 Lander Street Partners LP 400 East Avenue Rochester NY 14607 061445495 Affordable Housing NY N/A N/A 0 0 Lehigh Managing Member LLC 400 East Avenue Rochester NY 14607 270212774 Affordable Housing NY N/A N/A 0 0 LivMoor Portfolio LLC 400 East Avenue Rochester NY 14607 863274133 Affordable Housing NY N/A N/A 0 0 Long Pond Senior Apartments LLC 400 East Avenue Rochester NY 14607 471416559 Affordable Housing NY N/A N/A 0 0 Macartovin Apartments LLC 400 East Avenue Rochester NY 14607 823579645 Affordable Housing NY N/A N/A 0 0 Marketview Housing LP 7 Prince Street Rochester NY 14607 161435368 Affordable Housing NY Housing Opportunities Housing Development Fund Corporation Related -131721 1240305 0 0 0.99000 Marketview Phase II LP 7 Prince Street Rochester NY 14607 161458119 Affordable Housing NY Housing Opportunities Housing Development Fund Corporation Related -27896 31330 0 0 0.99990 MJ Estates II LLC 7 Prince Street Rochester NY 14607 271006415 Affordable Housing NY N/A N/A 0 0 MJ Estates LP 7 Prince Street Rochester NY 14607 208685429 Affordable Housing NY N/A N/A 0 0 Monica Homes LLC 7 Prince Street Rochester NY 14607 611592249 Affordable Housing NY N/A N/A 0 0 Niagara Place LP 7 Prince Street Rochester NY 14607 161478044 Affordable Housing NY Housing Opportunities Housing Development Fund Corporation Related -67525 61345 0 0 0.99000 Ontario Place LP 7 Prince Street Rochester NY 14607 752975886 Affordable Housing NY N/A N/A 0 0 Oxford Crossing Apartments 400 East Avenue Rochester NY 14607 464704700 Affordable Housing NY N/A N/A 0 0 PABH Development LLC 400 East Avenue Rochester NY 14607 463601271 Affordable Housing NY N/A N/A 0 0 PathStone Wedgepoint LLC 400 East Avenue Rochester NY 14607 472752876 Affordable Housing NY N/A N/A 0 0 Pinnacle Apartments LLC 7 Prince Street Rochester NY 14607 455425869 Affordable Housing NY N/A N/A 0 0 Portal De San German LLC 400 East Avenue Rochester NY 14607 270380502 Affordable Housing NY N/A N/A 0 0 Rexford Place LP 7 Prince Street Rochester NY 14607 202201905 Affordable Housing NY N/A N/A 0 0 Sandy Creek Associates LP 400 East Avenue Rochester NY 14607 161351950 Affordable Housing NY N/A N/A 0 0 Seldon Square II LLC 400 East Avenue Rochester NY 14607 352182907 Affordable Housing NY N/A N/A 0 0 Sisson Reserve II LLC 400 East Avenue Rochester NY 14607 383911384 Affordable Housing NY N/A N/A 0 0 Sisson Reserve LLC 400 East Avenue Rochester NY 14607 352430293 Affordable Housing NY N/A N/A 0 0 SLM Apartments LLC 7 Prince Street Rochester NY 14607 844394993 Affordable Housing NY N/A N/A 0 0 Stone Quarry Apartments LLC 7 Prince Street Rochester NY 14607 471372693 Affordable Housing NY N/A N/A 0 0 Stonewood Village LLC 400 East Avenue Rochester NY 14607 264557007 Affordable Housing NY N/A N/A 0 0 Susan B Anthony LP 7 Prince Street Rochester NY 14607 043812069 Affordable Housing NY N/A N/A 0 0 Thompson Building Associates LP 400 East Avenue Rochester NY 14607 161421270 Affordable Housing NY N/A N/A 0 0 Towpath III LP 400 East Avenue Rochester NY 14607 453566045 Affordable Housing NY N/A N/A 0 0 Washington Park Associates LP 400 East Avenue Rochester NY 14607 161299635 Affordable Housing NY N/A N/A 0 0 Westminister Place LP 7 Prince Street Rochester NY 14607 161476222 Affordable Housing NY Housing Opportunities Housing Development Fund Corporation Related 1047 648394 0 0 0.98990 Woodward LP 7 Prince Street Rochester NY 14607 161489242 Affordable Housing NY Housing Opportunities Housing Development Fund Corporation Related -61936 175928 0 0 0.99990 Baird Road Development LLC 7 Prince Street Rochester NY 14607 884130964 Affordable Housing NY N/A N/A 0 0 Alliance Homes II Corp 400 East Avenue Rochester NY 14607 562397228 General Partner in L.P. Transactions NY N/A C 0 Crerand Commons MM Corporation 400 East Avenue Rochester NY 14607 811075426 General Partner in L.P. Transactions NY N/A C 0 Destiny at Wilson Commencement Park 400 East Avenue Rochester NY 14607 421716001 General Partner in L.P. Transactions NY N/A C 0 Eastman Reserve MM Corporation 400 East Avenue Rochester NY 14607 824633121 General Partner in L.P. Transactions NY N/A C 0 Jamestown Managing Member LLC 400 East Avenue Rochester NY 14607 272288510 General Partner in L.P. Transactions NY N/A C 0 Marketview Housing Inc 400 East Avenue Rochester NY 14607 161435367 General Partner in L.P. Transactions NY N/A C 0 PathStone Breckenridge Inc 400 East Avenue Rochester NY 14607 454541829 General Partner in L.P. Transactions NY N/A C 0 PathStone Long Pond Inc 400 East Avenue Rochester NY 14607 471383101 General Partner in L.P. Transactions NY N/A C 0 PathStone Stone Quarry Inc 400 East Avenue Rochester NY 14607 471215361 General Partner in L.P. Transactions NY N/A C 0 PathStone Wedgepoint MM Corporation 400 East Avenue Rochester NY 14607 472778399 General Partner in L.P. Transactions NY N/A C 0 PathStone Whitehall Acres LLC 400 East Avenue Rochester NY 14607 471684629 General Partner in L.P. Transactions NY N/A C 0 PDC Towpath Corporation 400 East Avenue Rochester NY 14607 453667522 General Partner in L.P. Transactions NY N/A C 0 PHEDCO Investments Inc 400 East Avenue Rochester NY 14607 251663084 General Partner in L.P. Transactions NY N/A C 0 Pinnacle Managing Member LLC 400 East Avenue Rochester NY 14607 455430014 General Partner in L.P. Transactions NY N/A C 0 RHAC Development Corporation 400 East Avenue Rochester NY 14607 161262619 General Partner in L.P. Transactions NY N/A C 0 RHOC Crossman Inc 400 East Avenue Rochester NY 14607 270017600 General Partner in L.P. Transactions NY N/A C 0 Rural Housing Opportunities Development Corp 400 East Avenue Rochester NY 14607 050575748 General Partner in L.P. Transactions NY N/A C 0 Salem Senior Housing Corp 400 East Avenue Rochester NY 14607 383711377 General Partner in L.P. Transactions NY N/A C 0 Sisson Reserve MM II LLC 400 East Avenue Rochester NY 14607 463135735 General Partner in L.P. Transactions NY N/A C 0 Sisson Reserve MM LLC 400 East Avenue Rochester NY 14607 364717781 General Partner in L.P. Transactions NY N/A C 0 Sisson Sewage Works Corporation 400 East Avenue Rochester NY 14607 472245715 General Partner in L.P. Transactions NY N/A C 0 Slater Neighborhood Inc 400 East Avenue Rochester NY 14607 271006036 General Partner in L.P. Transactions NY N/A C 0 Baird Road MM LLC 7 Prince Street Rochester NY 14607 920603632 General Partner in L.P. Transactions NY N/A C 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 1 1 1 1