2024-04-17T14:49:45-05:00 2023-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2022-07-01 134172723 NCS HOUSING DEVELOPMENT FUND COMPANY INC COMPANY INC NCSH 2125375100 50 BROADWAY 1301 NEW YORK NY 10004 ANN SHALOF CEO 2125375100 2024-04-16 1 ANN SHALOF 999009999 0 MAGDALENA CZERNIAWSKI P00535099 2125038800 2024-04-16 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANN SHALOF 50 BROADWAY 1301 NEW YORK NY 10004 698163 0 X WWW.NCSINC.ORG X 2004 NY THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSES OF OWNERSHIP, OPERATION, DEVELOPMENT AND DISPOSITION, ON A NON-PROFIT BASIS, OF HOUSING FOR PERSONS OF LOW INCOME WHO ARE OTHERWISE HOMELESS PERSONS. 3 2 0 2 0 0 494377 506329 219613 191064 0 0 1230 770 715220 698163 512446 759768 0 0 244991 299372 0 0 0 235273 261458 992710 1320598 -277490 -622435 2215632 2105643 0 0 2215632 2105643 THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSES OF OWNERSHIP, OPERATION, DEVELOPMENT AND DISPOSITION, ON A NON-PROFIT BASIS, OF HOUSING FOR PERSONS OF LOW INCOME WHO ARE OTHERWISE HOMELESS PERSONS. 0 0 1320598 759768 191834 RESIDENCE PROGRAM: THE ORGANIZATION OPERATES HOUSING FOR SINGLE ADULT HOMELESS AND LOW-INCOME HOUSING NEEDY INDIVIDUALS RESIDING AT THE 65-UNIT NCS RESIDENCE (211 EAST 81ST STREET). RESIDENTS ARE REFERRED BY THE NEW YORK CITY DEPARTMENT OF HOMELESS SERVICES FROM HOMELESS SHELTERS AND TRANSITIONAL HOUSING PROGRAMS THROUGHOUT THE CITY AND FROM NCS' OWN PROGRAMS FOR HOMELESS PEOPLE. PROGRAM SUPPORTIVE HOUSING SERVICES AT THE RESIDENCE ARE DESIGNED TO PROMOTE STABILITY AND INDEPENDENT LIVING IN THE COMMUNITY. 1320598 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 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 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X ANN SHALOF CHIEF EXECUTIVE OFFICER 2125375120 50 BROADWAY STE 1301 NEW YORK NY 10004 ANN SHALOF CHIEF EXECUTIVE OFFICER 2.00 35.00 X X 0 165086 43760 JAN GOLANN SECRETARY/TREASURER 0.20 2.00 X X 0 0 0 STEPHANIE GUEST PRESIDENT 0.20 2.00 X X 0 0 0 PEARL CHIN CHIEF FINANCIAL OFFICER 2.00 35.00 X 0 127755 14606 0 292841 58366 0 0 1 0 0 506329 506329 TENANT RENTAL INCOME 532000 191064 191064 191064 MISCELLANEOUS 900099 770 770 770 698163 191834 0 0 759768 759768 244192 244192 33899 33899 21281 21281 32547 32547 10858 10858 46577 46577 225 225 153776 153776 609 609 BAD DEBT EXPENSE 15109 15109 STAFF RELATED EXPENSE 1297 1297 EQUIPMENT 286 286 MISC EXPENSES 174 174 1320598 1320598 0 0 91650 108080 15109 5002 35233 4947930 2990602 2108873 1957328 2215632 2105643 0 0 X 2215632 2105643 2215632 2105643 2215632 2105643 -622435 512446 0 X X 0 1 X 1 0 X 476234 524848 532678 494377 506329 2534466 476234 524848 532678 494377 506329 2534466 2534466 1230 770 2000 2536466 1037101 0.99920 0.99950 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2021 AMOUNT: $ 1,230. 2022 AMOUNT: $ 770. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 275000 275000 576457 554103 22354 4068423 2414005 1654418 28050 22494 5556 1957328 X 6558353 5860190 5860190 698163 0 698163 6093798 4773200 4773200 1320598 0 1320598 PART X, LINE 2: NCS BELIEVES THEY HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES", WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY'S REVENUE 5,860,190. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY'S EXPENSES 4,773,200. 1 NEIGHBORHOOD COALITION FOR SHELTER INC 50 BROADWAY NEW YORK NY 10004 133176586 501(C)(3) 759768 0 GRANTS TO RELATED ORGANIZATION 1 PART I, LINE 2: THE GRANT FUNDS ARE USED TO ENHANCE THE HOUSING PROGRAM ACTIVITIES AND ARE REPORTED AND TRACKED IN A SEPARATE COST CENTER ESTABLISHED FOR THIS. 0 0 0 0 0 0 0 0 0 ANN SHALOF CHIEF EXECUTIVE OFFICER 0 165086 0 0 0 0 0 5400 0 38360 0 208846 0 0 FORM 990, PART I, LINE 1: THE ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES: THE CORPORATION IS NOT FORMED FOR PECUNIARY PROFIT OR FINANCIAL GAIN. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSES OF OWNERSHIP, OPERATION, DEVELOPMENT AND DISPOSITION, ON A NON-PROFIT BASIS, OF HOUSING FOR PERSONS OF LOW INCOME WHO ARE OTHERWISE HOMELESS PERSONS. THE CORPORATION, IN FURTHERANCE OF ITS CORPORATE PURPOSES, SHALL HAVE ALL OF THE POWERS ENUMERATED IN SECTION 202 OF THE NOT-FOR-PROFIT CORPORATION LAW, AND IS HEREBY AUTHORIZED AND EMPOWERED TO DO AND PERFORM ALL ACTS REASONABLY NECESSARY TO ACCOMPLISH THE PURPOSES OF THE CORPORATION INCLUDING, WITHOUT LIMITATION, THE EXECUTION OF REGULATORY AGREEMENTS WITH GOVERNMENTAL AGENCIES OR INSTRUMENTALITIES AND SUCH OTHER INSTRUMENTS AND UNDERTAKINGS AS MAY BE NECESSARY TO ENABLE THE CORPORATION TO SECURE FINANCING FOR THE DEVELOPMENT AND OPERATION OF THE PROJECTS. THE CORPORATION IS A HOUSING DEVELOPMENT FUND COMPANY AS DEFINED IN SECTION 572(9) OF THE PRIVATE HOUSING FINANCE LAW AND A CORPORATION AS DEFINED IN SUBPARAGRAPH (A) (5) OF SECTION 102 OF THE NOT-FOR-PROFIT CORPORATION LAW. THE CORPORATION IS A TYPE D NOT-FOR-PROFIT CORPORATION UNDER SECTION 201 OF THE NOT-FOR-PROFIT CORPORATION LAW. IN FURTHERANCE OF THE AFORESAID PURPOSES, THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, AS SPECIFIED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "IRC") AND SHALL NOT CONDUCT ANY ACTIVITIES NOT PERMITTED TO BE CONDUCTED BY A CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL INTERNAL REVENUE LAW, OR BY A CORPORATION, CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE PURSUANT TO SECTION 170(C)(2) OF THE IRC OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL INTERNAL REVENUE LAW. FORM 990, PART VI, SECTION B, LINE 11B 1. THE COMPLETED 990 FORM AND CHAR 500, WHICH ARE PREPARED BY AN INDEPENDENT ACCOUNTANT, ARE PRESENTED TO THE FINANCE/AUDIT COMMITTEE OF NCS FOR REVIEW AND APPROVAL. 2. MEMBERS OF THE BOARD OF DIRECTORS REVIEW AND APPROVE THE FINAL 990 AND CHAR 500 FORMS BEFORE SUBMISSION TO THE IRS AND NEW YORK STATE. 3. SHOULD AN EXTENSION FOR FILING BE NECESSARY, THE BOARD WILL BE INFORMED BY THE EXECUTIVE OFFICER AS TO THE REASON(S) FOR EXTENSION AND WILL REVIEW THE FINAL FORMS PRIOR TO THE DEFERRED FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE OF THE BOARD ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THIS CONFLICTS OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THIS POLICY, AND (C) HAS AGREED TO COMPLY WITH THIS POLICY. IF THE BOARD OR COMMITTEE THEREOF HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE INTEREST, IT SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF AFTER HEARING THE RESPONSE OF THE INTERESTED PERSON AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE INTERESTED PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION WHICH MAY INCLUDE RECONSIDERATION OF WHETHER THE TRANSACTION OR ARRANGEMENT WAS IN THE BEST INTERESTS OF AND WAS FAIR AND REASONABLE TO THE CORPORATION AT THE TIME IT WAS UNDERTAKEN. TO ENSURE THAT THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND ITS FEDERAL TAX EXEMPTION, PERIODIC REVIEWS WILL BE CONDUCTED BY BOARD OF DIRECTORS, IN APPROPRIATE CASES, TO DETERMINE WHETHER COMPENSATION AND BENEFITS ARRANGEMENTS AND OTHER TRANSACTIONS ARE REASONABLE AND THE RESULT OF ARMS-LENGTH NEGOTIATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NEIGHBORHOOD COALITION FOR SHELTER INC 50 BROADWAY SUITE 1301 NEW YORK NY 10004 133176586 PROVIDE HOUSING AND SUPPORT TO THE HOMELESS. NY 501(C)(3) LINE 7 N/A 0 LOUIS NINE HOUSING DEVELOPMENT FUND CORPORATION 50 BROADWAY SUITE 1301 NEW YORK NY 10004 203674068 DEVELOPMENT OF LOW INCOME HOUSING. NY 501(C)(4) NEIGHBORHOOD COALITION FOR SHELTER INC 0 LOUIS NINE LP 50 BROADWAY SUITE 1301 NEW YORK NY 10004 203673464 ORGANIZED EXCLUSIVELY TO FURTHER THE CHARITABLE PURPOSES OF LOUIS NINE HDFC NY N/A 0 0 LOUIS NINE GP INC 50 BROADWAY SUITE 1301 NEW YORK NY 10004 203674042 ACTS AS THE GP AND MANAGES THE BUSINESS AND AFFAIRS OF LOUIS NINE LP. NY N/A C 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0