2024-10-03T14:05:53-05:00 2023-12-31 WITHUMSMITHBROWN PC 1411 BROADWAY 9TH FLOOR NEW YORK NY 10018 990 2023-01-01 133826436 NEW WALTON AVENUE HOUSING DEVELOPMENT FUND CORPORATION % HENG LY NEWW 7183673200 2751 GRAND CONCOURSE BRONX NY 10468 HENG LY CEO 7183673200 2024-11-15 true true JAMES HUANG CPA P01513328 2127519100 2023 2024-10-15 13:58:12Z HENG LY 2751 GRAND CONCOURSE BRONX NY 10468 2488752 false X N/A X 1995 NY SEE SCHEDULE O 5 4 0 0 0 0 2393374 2488752 0 0 0 0 2393374 2488752 0 0 0 0 0 0 0 0 0 2162464 2271330 2162464 2271330 230910 217422 3753866 3989138 339255 357105 3414611 3632033 X SEE SCHEDULE O false false 254132 283936 THE ORGANIZATION OPERATES COMMUNITY FACILITY SPACE TO PROVIDE EDUCATIONAL SERVICES TO THE COMMUNITY. 1942257 2204816 THE COMPANY OPERATES 10 BUILDINGS CONTAIN 193 RENTAL APARTMENT UNITS IN OPERATIONS FOR LOW- AND VERY LOW-INCOME FAMILIES AND ARE LOCATED IN THE BRONX, NEW YORK. 2196389 true false false false false false false false false false true false false true true true true true false false false false false false false false false false false true false false false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false false false false X 5 4 false false false false false false false true false false false true true true true true true true true false NY X X HENG LY 7183673200 2751 GRAND CONCOURSE BRONX NY 10468 Heng Ly Secretary/Treasurer 0.5 40.0 X X 0 355900 68249 Luis Ortega president 0.5 0.0 X X 0 0 0 JOSE NORAT Vice President 0.5 0.0 X X 0 0 0 Erika Martinez Director 0.5 0.0 X X 0 0 0 0 355900 68249 0 false true false SYCAMORE BIRCH MANAGEMENT LLC 785 E 181ST STREET BRONX NY 10460 MANAGEMENT FEE 175545 1 0 NON-RESIDENTAL RENTAL INCOME 531120 283936 283936 RESIDENTIAL RENTAL INCOME 531110 2204816 2204816 2488752 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2488752 2488752 X 0 0 0 0 0 0 0 0 0 0 175545 175545 26800 26800 67507 25082 42425 0 0 0 0 0 32516 32516 0 0 0 0 0 0 0 0 87127 87127 159981 159981 REPAIRS AND MAINTENANCE 264531 264531 SOCIAL SERVICE FEE 238302 238302 UTILITIES 379298 379298 WATER AND SEWER 224992 224992 614731 614731 2271330 2196389 74941 0 663493 574641 1646539 1620409 0 0 131603 92451 0 0 0 0 0 0 0 0 269899 458111 1663561 795796 671696 867765 0 0 0 0 0 0 0 0 370636 375761 3753866 3989138 183650 180880 0 0 0 0 0 0 0 0 0 0 0 0 0 0 155605 176225 339255 357105 X 3414611 3632033 0 0 3414611 3632033 3753866 3989138 217422 X X false true X true false X 0 0 0 0 0 0 2312190 2359506 2383184 2393374 2488752 11937006 0 0 0 2312190 2359506 2383184 2393374 2488752 11937006 0 0 0 11937006 0 0 0 0 0 2312190 2359506 2383184 2393374 2488752 11937006 1.00000 1.00000 0.00000 0.00000 X 826487 177918 648569 529609 360039 169570 307465 257839 49626 867765 DUE FROM AFFILIATE 136986 TENANT SECURITY DEPOSITS 135836 REPLACEMENT RESERVES 102939 375761 0 LOAN FROM AFFILIATES 21309 PREPAID RENT 19080 TENANT SECURITY DEPOSITS 135836 176225 X 2488752 2488752 2488752 2271330 2271330 2271330 PART X, LINE 2 MANAGEMENT HAS DETERMINED THAT THE COMPANY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRED FINANCIAL STATEMENT RECOGNITION. THE COMPANY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY THE U.S. FEDERAL, STATE AND LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2019, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. false false false false false false false false false Heng Ly Secretary/Treasurer 0 355900 0 0 0 0 0 33000 0 35249 0 424149 0 0 PART I, LINE 3: COMPENSATION PAID TO OFFICER FROM RELATED ORGANIZATION IS BASED ON THE RECOMMENDATIONS OF AN INDEPENDENT COMMITTEE THAT CONSIDERS PERFORMANCE, SCOPE OF RESPONSIBILITIES, AND SALARY COMPENSATION FOR SIMILAR POSITIONS. FINAL APPROVAL FOR OFFICER'S COMPENSATION MUST BE APPROVED BY THE EXECUTIVE BOARD OF DIRECTORS. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE ORGANIZATION MAINTAINS AND OPERATES COMMUNITY FACILITY SPACE FOR THE EDUCATIONAL BENEFIT OF KINDERGARTEN CHILDREN. ADDITIONALLY, ON NOVEMBER 20, 2017, PURSUANT TO A PLAN OF DISSOLUTION AND DISTRIBUTION OF ASSETS APPROVED BY THE ATTORNEY GENERAL OF THE STATE OF NEW YORK, AND FOR NOMINAL CONSIDERATION, THE CORPORATION AS ASSIGNED ALL RIGHT, TITLE, AND INTERESTS OF THE ASSIGNOR IN 10 PARCELS OF REAL PROPERTY AND ALL BUILDINGS, IMPROVEMENTS AND FIXTURES LOCATED THEREON. THESE 10 BUILDINGS CONTAIN 193 RENTAL APARTMENT UNITS IN OPERATIONS FOR LOW- AND VERY LOW-INCOME FAMILIES AND ARE LOCATED IN THE BRONX, NEW YORK. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE ORGANIZATION MAINTAINS AND OPERATES COMMUNITY FACILITY SPACE FOR THE EDUCATIONAL BENEFIT OF KINDERGARTEN CHILDREN. ON NOVEMBER 20, 2017, THE COMPANY ACQUIRED 10 PARCELS OF REAL PROPERTY AND ALL BUILDINGS, IMPROVEMENTS AND FIXTURES LOCATED THEREON. THESE 10 BUILDINGS CONTAIN 193 RENTAL APARTMENT UNITS IN OPERATIONS FOR LOW- AND VERY LOW-INCOME FAMILIES AND ARE LOCATED IN THE BRONX, NEW YORK. FORM 990, PART VI, SECTION A, LINE 8B: LINE 8 EXPLANATION - ON AN ANNUAL BASIS THE ORGANIZATION DOCUMENTS MEETINGS AND SIGNIFICANT TRANSACTIONS IN THE BOARD OF DIRECTOR MINUTES. AND SIGNIFICANT TRANSACTIONS IN THE BOARD OF DIRECTOR MINUTES. FORM 990, PART VI, SECTION B, LINE 11B: LINE 11B EXPLANATION - THE BOARD OF DIRECTORS MUST APPROVE THE ANNUAL FEDERAL TAX FORM 990 AND THE RELATED STATE TAX FILINGS AFTER IT HAS RECEIVED THESE DOCUMENTS FROM THE OUTSIDE INDEPENDENT AUDITORS AND ACCOUNTANTS IN AN ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C: ON AN ANNUAL BASIS THE BOARD OF DIRECTORS REVIEWS ACTUAL OR POTENTIAL CONFLICTS OF INTERESTS WITH BOARD MEMEBRS AND OFFICERS.THE POLICY IS DISTRIBUTED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15: OTHER OFFICERS AND KEY EMPLOYEES DO NOT RECEIVE COMPENSATION FROM THIS ORGANIZATION. OFFICERS AND BOARD MEMBERS DO NOT RECEIVE COMPENSATION FROM THIS ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19: AFTER APPROVAL OF THE FINANCIAL STATEMENTS BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS, THE ORGANIZATION MAKES AVAILABLE ALL GOVERNANCE DOCUMENTS, POLICY STATEMENTS, FINANCIAL STATEMENTS AND TAX RETURNS TO THE PUBLIC, UPON WRITTEN REQUEST. THE ORGANIZATION ALSO TIMELY FILES ITS ANNUAL NEW YORK STATE CHAR 500 REPORT WITH THE NYS ATTORNEY GENERAL AND ALL OF ITS FILINGS ARE MADE AVAILABLE THROUGH THE NYSOAG CHARITIES WEBSITE. FORM 990, PART XII, LINE 2C MANAGEMENT AND THE BOARD OF DIRECTORS ASSUME RESPONSIBILITY OF THE AUDIT OF ITS FINANCIAL STATMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:SUPER'S PAYROLL REIMBURSEMENT TOTAL EXPENSES:312209 PROGRAM SERVICES:312209 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:ASSET MANAGEMENT FEE TOTAL EXPENSES:43886 PROGRAM SERVICES:43886 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:REAL ESTATE TAXES TOTAL EXPENSES:167804 PROGRAM SERVICES:167804 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BAD DEBT EXPENSES TOTAL EXPENSES:75317 PROGRAM SERVICES:75317 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:RENT TOTAL EXPENSES:100 PROGRAM SERVICES:100 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:EXTERMINATING TOTAL EXPENSES:15415 PROGRAM SERVICES:15415 FORDHAM BEDFORD HOUSING CORPORATION 2751 GRAND CONCOURSE BRONX NY 10468 133010578 SS & RE NY 501(C)(3) 10 NA false FORDHAM BEDFORD COMMUNITY SERVICES 2751 GRAND CONCOURSE BRONX NY 10468 133805049 SOCIAL SVC NY 501(C)(3) 10 FBHC false 100 E 182ND STREET HDFC 2751 GRAND CONCOURSE BRONX NY 10468 133881096 L.I. 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