2024-02-07T07:53:27-08:00 2023-08-31 810926770 NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS 40 WALL ST 32ND FL NEW YORK NY 10005 990 2022-09-01 133888833 WHITE PLAINS HOUSING DEVELOPMENT FUND COMPANY INC WHIT 9143328801 PO BOX 814 WHITE PLAINS NY 10602 John WIlliams Treasurer 2024-02-07 true John WIlliams 999009999 true Nerou Cheng P00367208 2127850100 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z X Kimberlie Jacobs 116675 false X N/A X 1996 NY OPERATION OF HOMELESS HOUSING UNITS. 5 5 0 5 0 39064 78980 77611 0 0 78980 116675 0 0 0 0 0 88248 84725 88248 84725 -9268 31950 20666 21369 51736 20489 -31070 880 OPERATION OF HOMELESS HOUSING UNITS. false false 79025 116675 OPERATES AND ADMINISTERS SEVEN HOMELESS HOUSING UNITS, PLACING HOMELESS FAMILIES IN THE RENTAL UNITS and assisting those families in obtaining public rental assistance and other supporting services. 79025 true false false false false false false false true false false false false true true true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 9 0 true 0 false false false false false false false 0 false false false false false false false X 5 5 false true false false true true true true true false false true true true true true true true false false NY X X SHOREICARE 9144946653 PO BOX 814 WHITE PLAINS NY 10602 WIDMARC THOMAS Executive Dir. 1.00 35.00 X 0 39394 0 KIMBERLIE JACOBS President 1.00 4.00 X X 0 0 0 STEPHANIE MINOR Vice President 1.00 4.00 X X 0 0 0 SUSAN MCCARTHY Vice President 1.00 4.00 X X 0 0 0 JOHN WILLIAMS Treasurer 1.00 4.00 X X 0 0 0 LINDA S HOUSER Secretary 1.00 4.00 X X 0 0 0 39394 0 false false false 0 39064 39064 Rental income 531110 77611 77611 77611 0 0 0 0 0 0 0 0 0 116675 77611 0 0 0 0 0 0 0 0 0 0 0 5326 5326 5700 5700 0 0 0 0 0 0 0 0 57448 57448 0 0 0 0 0 0 0 case management 8689 8689 Bad debts 7537 7537 Registration and filing fees 25 25 0 84725 79025 5700 0 2983 0 0 0 4509 2477 0 0 0 0 4794 0 0 0 0 0 13174 14098 20666 21369 21903 3429 2546 7881 8814 21952 5700 51736 20489 X -31070 880 -31070 880 20666 21369 31950 X X false true X false false X 8550 5000 2113 15663 77415 77915 86463 78980 77611 398384 0 0 0 85965 82915 86463 78980 79724 414047 0 0 414047 0 0 0 0 85965 82915 86463 78980 79724 414047 1.00000 1.00000 0.00000 X false true X Deposits to owners 5054 Security deposit - UTILITY 230 Tenant security deposit 8814 14098 DUE TO RELATED PARTY 5700 5700 X Part IV, Line 2b: Explanation of escrow account liability TENANT SECURITY DEPOSITS HELD IN TRUST PAYABLE TO TENANTS UPON MOVING OUT Part X : FIN48 Footnote WPHDFC IS EXEMPT FROM TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("THE CODE"), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE CODE. WPHDFC HAS ADOPTED THE PROVISIONS PERTAINING TO UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE ADDITIONAL RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING AUGUST 31, 2020 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. Form 990, Part VI, Section A, Line 3 DURING THE FISCAL YEAR ENDED AUGUST 31, 2023 THE ORGANIZATION USED THE SERVICES OFHOUSING ACTION COUNCIL, INC., TO OUTSOURCE THE RECORDKEEPING, ACCOUNTING AND PROGRAMACTIVITIES OF THE ORGANIZATION. THE BOARD IS ACTIVELY INVOLVED IN THE OPERATION OFTHE ORGANIZATION, BUT THE HOUSING ACTION COUNCIL PROVIDED ADMINISTRATION DIRECTED BYTHE BOARD. IN FEBRUARY 2023, THE SERVICES OF HOUSING ACTION COUNCIL WERE NO LONGERREQUIRED AS SHORE/ICARE TOOK OVER THE PERFORMANCE OF ALL REQUIRED ADMINISTRATIVEDUTIES AND RESPONSIBILITIES. Form 990, Part VI, Section A, Line 6 THE ORGANIZATION WAS FORMED UNDER THE NEW YORK STATE PRIVATE HOUSINGFINANCE LAW TO DEVELOP AND OPERATE A SPECIFIC NEW YORK STATE FUNDEDHOMELESS HOUSING PROJECT IN WHITE PLAINS, NEW YORK. THE ORGANIZATION WASSPONSORED BY SHELTERING THE HOMELESS IS OUR RESPONSIBILITY, INC., ANOT-FOR-PROFIT ORGANIZATON ENGAGED IN PROVIDING AFFORDABLE HOUSING BYBRINGING TOGETHER GOVERNMENTAL AND PRIVATE FINANCING. SHELTERING THEHOMELESS is our responsibility/Interfaith Council for Affordable Residence, Inc. IS THE SOLE MEMBER AND WITH WHITE PLAINS HOUSING DEVELOPMENT FUNDCORP., JOINTLY WERE RESPONSIBLE FOR FINANCING AND COMPLETING THE PROJECT INACCORDANCE WITH THE TERMS OF VARIOUS GRANT AGREEMENTS ENTERED INTO BY BOTHENTITIES, AND REQUIRES THE OPERATION OF THE CONSTRUCTED PROPERTY ASHOMELESS HOUSING FOR A PERIOD OF 25-YEARS. Form 990, Part VI, Section A, Line 7a AS THE SOLE MEMBER SHORE/ICARE, ELECTS THE BOARD OF DIRECTORS OF WHITE PLAINS HOUSING DEVELOPMENT FUND CORP. Form 990, Part VI, Section A, Line 7b SHORE/ICARE, A 501(C)(3)ORGANIZATION, AS THE SOLE MEMBER HAS THE POWER TO APPOINT THE DIRECTORS OF THE BOARD FOR WHITE PLAINS HDFC AND TO DIRECT THE ACTIONS OF THE BOARD AND MUST APPROVE ANY CHANGES IN WHITE PLAINS HDFC'S BY-LAWS. Form 990, Part VI, Section B, Line 11b THE FINANCIAL STATEMENTS AND FORM 990 DRAFTS WERE PRESENTED TO THE finance committee BY THE AUDITOR AND TAX PREPARER. THE finance committee REVIEWED THE DRAFTS AND MADEINQUIRES AND COMMENTS THE TAX PREPARER MADE THE APPROPRIATE CHANGES ANDPRESENTED THE RETURNS TO THE ORGANIZATION FOR SIGNING BY THE OFFICERS. THEfinance committee REPORTED ON THE FINANCIAL STATEMENTS, TAX FILINGS AND MADECOPIES AVAILABLE BY E-MAIL TO THE OTHER BOARD MEMBERS Form 990, Part VI, Section B, Line 12c NEW BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AND ALSO TO DISCLOSE ANY CONFLICTS TO THE PRESIDENT OF THE BOARD. AT EACH YEAR'S ORGANIZATION MEETING THE BOARD MEMBERS ARE REQUIRED TO REVIEW THEIR CONFLICT OF INTERST STATEMENTS AND UPDATE DURING THE YEAR. IF THERE IS A CHANGE OF CIRCUMSTANCES OR A NEW MATTER ARISES THAT affects A DIRECTOR'S INDEPENDENCE, THE DIRECTOR IS REQUIRED TO REVIEW THE MATTER WITH THE PRESIDENT OF THE BOARD FOR POSSIBLE REFERRAL TO THE ENTIRE BOARD FOR REVIEW AND DETERMINATION IF A CONFLICT EXISTS AND WHAT GOVERNANCE ACTION SHOULD BE TAKEN. Form 990, Part VI, Section B, Line 15a THE COMPENSATION FOR EXECUTIVE DIRECTOR IS DETERMINED BASED ON A COMPARISON VS.OTHER SIMILARLY SIZED AND/OR FUNCTIONAL ORGANIZATIONS IN THE SECTOR, FORMS 990 OFOTHER ORGANIZATIONS AND COMPENSATIONS SURVEYS ALONG WITH THE GOVERNANCECOMMITTEE INPUT AND ULTIMATE DETERMINATION BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section C, Line 18 TAX FILINGS AND CORPORATE INFORMATION ARE MADE AVAILABLE UPON REQUEST AND ARE HELD AT THE ORGANIZATION'S OFFICE. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AND ARE HELD AT THE organization'S OFFICES. Form 990, Part XII, Line 2c THE BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THE FORM 990 REVIEW AND APPROVAL PROCESSES HAVE NOT CHANGED FROM PRIOR YEAR. ARDSLEY HOUSING DEVELOPMENT FUND CORP PO BOX 814 WHITE PLAINS NY 10602 260561516 HOMELESS HOUSING NY 501(C)(3) 509(A)(2) SHOREICARE false SHOREICARE PO BOX 814 WHITE PLAINS NY 10602 133323120 HOMELESS HOUSING NY 501(C)(3) 509(A)(1) N/A false false false true false false false false false false false false false false false false false false false false SHOREICARE c 39064 Actual amounts