2024-05-13T14:26:25-05:00 2023-07-31 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2022-08-01 222873650 HUDSON VALLEY HOUSING DEVELOPMENT FUND COMPANY INC HUDS 8452972004 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 MARGARET O'LEARY C.E.O. 8452972004 2024-03-26 1 MARGARET OLEARY 999009999 0 DAVID A URBAN CPA P00630018 7166340700 2024-03-26 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREGORY D SUPPLE ESQ 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 583463 0 X N/A X 1987 NY THE PURPOSE OF THE ORGANIZATION IS TO DEVELOP, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW-INCOME, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS IN THE HUDSON VALLEY REGION OF NEW YORK. 5 5 0 0 0 0 0 0 515846 575326 65 81 31298 8056 547209 583463 0 0 0 0 55440 55927 0 0 0 605617 677802 661057 733729 -113848 -150266 8493471 8304860 3133183 3094838 5360288 5210022 THE PURPOSE OF THE ORGANIZATION IS TO DEVELOP, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW-INCOME, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS IN THE HUDSON VALLEY REGION OF NEW YORK. 0 0 703956 575326 TO MAINTAIN AND DEVELOP THE HOUSING PROPERTIES AND PROJECTS, ON A NON-PROFIT BASIS, FOR PERSONS OF LOW-INCOME, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS IN THE HUDSON VALLEY REGION OF NEW YORK. 703956 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X X THE ORGANIZATION 8452972004 CSP BUILDING 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 DAVID MERTE PE VICE CHAIRPERSON 1.00 1.00 X X 0 0 0 GREGORY D SUPPLE ESQ CHAIRPERSON 1.00 1.00 X X 0 0 0 JOAN ECK SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 JOHN LAWRENCE DIRECTOR 1.00 1.00 X 0 0 0 PAUL PILON DIRECTOR 1.00 1.00 X 0 0 0 MARGARET O'LEARY C.E.O. 1.00 40.00 X 0 119995 18000 0 119995 18000 0 0 0 0 0 RENTAL INCOME 531110 575326 575326 575326 81 81 A/C FEES 812310 3890 3890 LAUNDRY INCOME 812300 2665 2665 MISCELLANEOUS 900099 1501 1501 8056 583463 575326 0 8137 X 55927 48601 7326 67217 67217 2006 1379 627 150 150 85220 85220 146125 137606 8519 132240 127143 5097 24796 20603 4193 REPAIRS & MAINTENANCE 90605 90605 DEVELOPER FEE 76931 76931 PROPERTY TAXES 19417 19417 TRASH REMOVAL 9956 9956 23139 19128 4011 733729 703956 29773 0 35 4512 629 798 8599 3430 5703228 2477382 3182566 3225846 0 0 5301642 5070274 8493471 8304860 105581 155979 2997092 2904250 30510 34609 3133183 3094838 X 5360288 5210022 5360288 5210022 8493471 8304860 -150266 0 X X 0 1 X 1 0 X 1273204 514582 523391 515846 575326 3402349 1273204 514582 523391 515846 575326 3402349 0 0 0 3402349 401 329 87 65 81 963 401 329 87 65 81 963 7026 30812 123648 31298 8056 200840 1280631 545723 647126 547209 583463 3604152 0.94400 0.92560 0.00030 0.00030 X 789627 789627 4742692 2476192 2266500 15300 1190 14110 155609 155609 3225846 DUE FROM AFFILIATES 2374646 DUE FROM SUBSIDIARIES 350480 INVESTMENT IN L.P. 800707 OPERATING RESERVE 7734 PROJECT DEVELOPMENT FEES 1491366 RESERVE FOR REPLACEMENTS 10732 TENANTS' SECURITY DEPOSITS 34609 5070274 TENANTS' SECURITY DEPOSITS 34609 34609 X 583463 0 583463 0 583463 733729 0 733729 0 733729 PART X, LINE 2: COMMUNITY SERVICES PROGRAMS, INC. AND HUDSON VALLEY HOUSING DEVELOPMENT FUND COMPANY, INC. ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE); THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ENTITIES HAVE BEEN CLASSIFIED AS PUBLICLY SUPPORTED ORGANIZATIONS THAT ARE NOT PRIVATE FOUNDATIONS UNDER SECTION 509(A) OF THE CODE. THE ENTITIES PRESENTLY DISCLOSE OR RECOGNIZE INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE ENTITIES HAVE TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS CONSOLIDATED FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE ENTITIES ARE SUBJECT TO TAX EXAMINATION BY TAXING AUTHORITIES. JOAN ECK OFFICER, ULSTER SAVINGS BANK 2904250 MORTGAGE LOANS 0 FORM 990, PART VI, SECTION A, LINE 3 COMMUNITY SERVICES PROGRAMS, INC., AN AFFILIATE, PROVIDES ALL STAFF FOR THE COMPLETION OF THE ACTIVITIES OF HUDSON VALLEY HOUSING DEVELOPMENT FUND COMPANY, INC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS DISTRIBUTED TO THE BOARD ELECTRONICALLY FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO ANY BOARD ACTION, CONFLICTS OF INTEREST ARE SO NOTED AND RECORDED. FORM 990, PART VI, SECTION B, LINE 15 SALARIES FOR COMPARABLE POSITIONS/ORGANIZATIONS ARE REVIEWED. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART IX, LINE 7: WAGES REPORTED BY HUDSON VALLEY HDFC ARE PAID BY, AND REIMBURSED TO COMMUNITY SERVICES PROGRAMS, INC., A RELATED CORPORATION. AMOUNTS REPORTED ON LINE 7 REPRESENT WAGES AND BENEFITS ALLOCABLE TO HUDSON VALLEY HDFC. FORM 990, PART XII, LINE 2C: NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED JULY 31, 2023. 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