2025-11-07T19:14:41-05:00 2024-12-31 WITHUMSMITHBROWN PC 1411 BROADWAY 9TH FLOOR NEW YORK NY 10018 990 2024-01-01 133010578 Fordham Bedford Housing Corporation % HENG LY FORD 7183673200 2751 Grand Concourse Bronx NY 104683001 HENG LY CEO 7183673200 2025-11-17 true true Israel Tannenbaum CPA P01589203 2127519100 2024 2025-03-06 01:10:19Z HENG LY 2751 Grand Concourse Bronx NY 104683001 7329466 false X HTTP://WWW.FORDHAM-BEDFORD.ORG/ X 1980 NY SEE SCHEDULE O 10 9 52 0 0 0 190975 212766 8069115 6763451 412988 353249 15348 0 8688426 7329466 10000 111828 0 0 5312775 4822464 0 0 167589 1521416 1376304 6844191 6310596 1844235 1018870 74290867 74222236 7659655 5777962 66631212 68444274 FBHC WAS FORMED FOR THE PURPOSE OF PROMOTING, DEVELOPING AND MANAGING LOW AND MODERATE INCOME HOUSING, PROVIDING ASSISTANCE TO LOW INCOME FAMILIES AND COMBATING COMMUNITY DETERIORATION IN THE FORDHAM BEDFORD SECTION AND SURROUNDING AREAS OF THE NORTHWEST BRONX. false false 4373081 5882586 FBHC PROVIDES DIRECT PROPERTY MANAGEMENT FOR LOW INCOME HOUSING BUILDINGS. 429199 238302 FBHC PROVIDES SOCIAL SERVICE TO THE COMMUNITY. THIS CONSISTS OF AFTER-SCHOOL PROGRAMS, SUMMER RECREATIONAL ACTIVITIES FOR THE CHILDREN, ENGLISH AS A SECOND LANGUAGE AND CITIZENSHIP COURSES, AMONG OTHERS. 949681 642563 FBHC DEVELOPS AND RENOVATES MULTIFAMILY AFFORDABLE RENTAL HOUSING PROJECTS IN THE NORTHWEST BRONX. 5751961 true true false false false false false false false false true false false true true true false true false false false false false false false false false true false true false false false false false false false false false false false false true true true true false true 35 0 true 52 true false false false false false false false false false false false false X 10 9 false false false false false false false true true false false true true true true true true true true true true NY X X HENG LY 7183673200 2751 GRAND CONCOURSE BRONX NY 10468 HENG LY Chief executive officer 40.0 3.0 X X 329395 0 44892 Robert Donovan Director of Construction 40.0 0.0 X 185550 0 53447 Phuong H Vang Director of Financial Services 40.0 0.0 X 199142 0 25145 Gerard Wollweber Director of Leasing 40.0 0.0 X 188827 0 22469 Ibsam Martinez Director of Spec. Housing 40.0 0.0 X 156312 0 0 Damion McCathy Director of Property Mgmt 40.0 0.0 X 155852 0 0 EILEEN HOGAN PRESIDENT 0.5 3.0 X X 0 0 0 ERIKA MARTINEZ VICE PRESIDENT 0.5 3.0 X X 0 0 0 CHERYL HARPER TREASURER 0.5 1.0 X X 0 0 0 WILLIAM DALEY SECRETARY 0.5 0.5 X X 0 0 0 JOSE NORAT DIRECTOR 0.5 3.0 X 0 0 0 IVAN BOHORQUEZ DIRECTOR 0.5 0.5 X 0 0 0 S LEMURIA ALAWODE-EL DIRECTOR 0.5 0.5 X 0 0 0 MARIBEL MONTILLA DIRECTOR 0.5 0.5 X 0 0 0 LUIS LUGO DIRECTOR 0.5 0.5 X 0 0 0 1215078 0 145953 10 false true false ALL PRO CLEANING AND RESTORATION 75 VIRGINIA ROAD NORTH WHITE PLAIN NY 10603 CLEANING SERVICES 380349 BAILEY REPAIR SERVICE LLC 2432 UNIVERSITY AVENUE B BRONX NY 10468 Repair Services 273595 EMERGENCY BOILER AND PLUMBING SErvi 575 EAST TREMONT AVE - PO BOX 86 BRONX NY 10457 Plumbing services 305214 TKC SECURITY SERVICES LLC 476 BERGEN AVENUE MAYWOOD NJ 07607 SECURITY SERVICES 447343 ALLIED UNIVERSAL TOPCO LLC PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 278463 7 212766 212766 RENTAL MANAGEMENT FEES 531310 5882586 5882586 DEVELOPER FEES 561499 642563 642563 SOCIAL SERVICE INCOME 561000 238302 238302 6763451 353249 353249 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7329466 6763451 353249 111828 111828 0 0 0 374287 337413 26201 10673 0 3379849 3041864 236589 101396 287040 257781 20092 9167 473893 426504 33172 14217 307395 276655 21518 9222 0 98118 88306 6868 2944 123100 110790 8617 3693 0 0 0 95518 85966 6687 2865 0 120605 108546 8442 3617 0 0 30000 27000 2100 900 0 0 0 0 0 27966 25169 1958 839 106452 95807 7452 3193 NEIGHBORHOOD & BUILDING SVC 446332 446332 CONTRACT SERVICES 149778 149778 AUTO EXPENSE 124250 111826 8698 3726 DATA PROCESSING FEE 37890 34101 2652 1137 16295 16295 6310596 5751961 391046 167589 10563245 5030112 19127746 19939250 0 0 7183423 6683769 0 0 0 0 17733249 23018224 0 0 0 0 1750501 1619131 159336 131370 0 0 0 0 0 0 0 0 19523868 19419511 74290867 74222236 813296 1109777 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6846359 4668185 7659655 5777962 X 61431212 63244274 5200000 5200000 66631212 68444274 74290867 74222236 1018870 794192 X false true X true false X 181883 871349 279449 190975 212766 1736422 8308320 7994459 6898119 8069115 6763451 38033464 0 0 0 8490203 8865808 7177568 8260090 6976217 39769886 0 0 0 39769886 696142 264322 -1038260 1513402 353249 1788855 0 696142 264322 -1038260 1513402 353249 1788855 0 29184 52413 -39317 15348 0 57628 9215529 9182543 6099991 9788840 7329466 41616369 0.95563 0.94707 0.04298 0.05081 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3644 3644 158384 51174 107210 1588473 1567957 20516 131370 DEFERRED DEV FEES RECEIVABLE 13385912 RESTRICTED CASH 3852600 INVESTMENT IN PARTNERSHIP 373200 OTHER ASSETS 1807799 19419511 0 BUILDING RESERVES AND ESCROWS 4019273 DEFERRED COMPENSATION PLAN 615694 OTHER LIABILITIES 33218 4668185 X PART X, LINE 2: GAAP requires evaluation of the tax positions taken or expected to be taken in the course of preparing the Organization's tax returns to determine whether the tax positions are more likely than not sustainable upon examination by the applicable taxing authorities, based on the technical merits of the tax positions, and then recognizing the tax benefit that is more likely than not to be realizable. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current reporting period. Management believes the effects of any such positions would be immaterial to the overall consolidated financial statements. The Organization's federal and state income tax returns for the years after 2021 remain subject to examination by the relevant taxing authorities. true CONCOURSE HOUSE HDFC INC 2751 GRAND CONCOURSE BRONX NY 10468 133420753 501(c)(3) 103177 GENERAL SUPPORT 1 0 Part I, Line 2: The organization has an overlapping board with CONCOURSE HOUSE HDFC to ensure there is oversight of the grant fund usage. X false false false false false false false false false HENG LY Chief executive officer 329395 0 0 0 0 0 28854 0 16038 0 374287 0 0 0 Phuong H Vang Director of Financial Services 199142 0 0 0 0 0 14591 0 10554 0 224287 0 0 0 Gerard Wollweber Director of Leasing 188827 0 0 0 0 0 17675 0 4794 0 211296 0 0 0 Robert Donovan Director of Construction 185550 0 0 0 0 0 17799 0 35648 0 238997 0 0 0 Ibsam Martinez Director of Spec. Housing 156312 0 0 0 0 0 0 0 156312 0 0 0 Damion McCathy Director of Property Mgmt 155852 0 0 0 0 0 0 0 155852 0 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: FBHC WAS FORMED FOR THE PURPOSE OF PROMOTING, DEVELOPING AND MANAGING LOW AND MODERATE INCOME HOUSING, PROVIDING ASSISTANCE TO LOW INCOME FAMILIES AND COMBATING COMMUNITY DETERIORATION IN THE FORDHAM BEDFORD SECTION AND SURROUNDING AREAS OF THE NORTHWEST BRONX. FORM 990, PART VI, SECTION B, LINE 11B: 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. POTENTIAL CONFLICTS ARE BROUGHT TO THE EXECUTIVE COMMITTEE FOR REVIEW AND OFFICERS FOUND TO HAVE CONFLICTS OF INTERESTS ARE ASKED TO RESIGN OR ABSTAIN FROM INVOVLEMENT OF ALL RELATED PROJECTS. FORM 990, PART VI, SECTION B, LINE 15: DECISIONS REGARDING COMPENSATION ARE BASED ON THE RECOMMENDATIONS OF AN INDEPENDENT COMMITTEE THAT CONSIDERS PERFORMANCE, SCOPE OF RESPONSIBILITIES, AND SALARY COMPENSATION FOR SIMILAR POSITIONS. FINAL APPROVAL FOR EXECUTIVE DIRECTOR'S COMPENSATION MUST BE APPROVED BY THE EXECUTIVE BOARD OF DIRECTORS. 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. SERVIAM GARDENS I GP LLC 2751 GRAND CONCOURSE BRONX NY 10468 261494876 REAL ESTATE NY 78 371697 FBHC FORDHAM BEDFORD COMMUNITY SERVICES INC 2751 GRAND CONCOURSE BRONX NY 10468 133805049 SOCIAL SVC NY 501(C)(3) 10 FBHC true NEW WALTON AVENUE HDFC 2751 GRAND CONCOURSE BRONX NY 10468 133826436 L.I. Housing NY 501(C)(3) 10 FBHC true 100 E 182ND STREET HDFC 2751 GRAND CONCOURSE BRONX NY 10468 133881096 L.I. 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