2025-11-17T15:13:26-06:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-01-01 251908568 THE BEATRICE C CATULLO RESIDENCE HOUSING DEVELOPMENT FUND CORP BEAT 7188921400 811 MORRIS PARK AVE BRONX NY 10461 DR ANDERSON TORRES PRESIDENT/CEO 7188921400 2025-11-17 1 1 MELISSA MODELSON P01603524 9143818900 2025-11-17 2024 2025-03-06 01:10:19Z DR ANDERSON TORRES 811 MORRIS PARK AVE BRONX NY 10461 982451 0 X N/A X 2004 NY TO PROVIDE AFFORDABLE HOUSING TO THE LOW INCOME, ELDERLY AND DISABLED POPULATION OF THE COMMUNITY 7 6 4 7 0 0 670855 653237 318027 323035 108 130 68262 6049 1057252 982451 0 0 0 0 88379 98455 0 0 0 1200566 1275124 1288945 1373579 -231693 -391128 10659475 10249447 13502018 13483118 -2842543 -3233671 TO PROVIDE 83 UNITS OF AFFORDABLE HOUSING TO THE LOW INCOME, ELDERLY OF THE COMMUNITY. 0 0 1167768 323035 TO PROVIDE 83 UNITS OF AFFORDABLE HOUSING TO THE LOW INCOME, ELDERLY OF THE COMMUNITY. 1167768 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 NY X X WAVECREST MANAGEMENT TEAM LTD 7184123718 87-14 116TH STREET RICHMOND HILL NY 11418 DR ANDERSON TORRES SECRETARY 5.00 35.00 X X 0 427506 21623 MARCIANA ZENAIDA ROGER CHAIRPERSON 1.00 3.00 X X 0 0 0 MUNESH JAGNANDAN TREASURER 1.00 1.00 X X 0 0 0 NELSON QUINONES BOARD MEMBER 1.00 2.00 X X 0 0 0 TANYA WHITTMORE BOARD MEMBER 0.50 1.00 X 0 0 0 RAFAEL RIVERA BOARD MEMBER 0.50 1.00 X 0 0 0 ANTHONY MORMILE BOARD MEMBER 1.00 1.00 X 0 0 0 FATMIR TOCI THRU 1224 CHIEF FINANCIAL OFFICER 5.00 35.00 X 0 226071 14673 0 653577 36296 0 0 1 0 WESTECH SECURITY & INVESTIGATIONS INC 78 SOUTHFIELD AVE STAMFORD CT 06902 SECURITY SERVICES 117668 THE WAVECREST 87-14 116TH STREET RICHMOND HILL NY 11418 PROPERTY MANAGEMENT 105588 2 653237 653237 RENTAL INCOME 531110 323035 323035 323035 130 130 LAUNDRY INCOME 900099 4592 4592 MISCELLANEOUS INCOME 900099 1457 1457 6049 982451 323035 0 6179 X 86896 67986 18910 11559 10403 1156 95518 95518 3990 3990 37745 37745 219147 197212 21935 27133 6817 20316 1572 1572 337390 337390 357982 357982 72574 72574 REPAIRS & MAINTENANCE 115864 115864 BAD DEBT EXPENSE 4110 4110 MISCELLANEOUS 1659 1100 559 REAL ESTATE FEES 440 440 1373579 1167768 205811 0 197823 215584 14616 10188 13614394 4316190 9645974 9298204 801062 725471 10659475 10249447 549707 521072 2191 2311 24567 24934 12483185 12492433 442368 442368 13502018 13483118 X -2842543 -3233671 -2842543 -3233671 10659475 10249447 -391128 0 X X 0 1 X 1 1 1 X 395215 472737 625072 670855 653237 2817116 278968 279585 290621 318027 323035 1490236 3190 3713 1639 3689 4592 16823 677373 756035 917332 992571 980864 4324175 0 0 0 4324175 119 119 87 108 130 563 119 119 87 108 130 563 12492 8055 2259 64573 1457 88836 689984 764209 919678 1057252 982451 4413574 0.97970 0.97380 0.00010 0.00020 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 12,492. 2021 AMOUNT: $ 906. 2022 AMOUNT: $ 2,259. 2023 AMOUNT: $ 64,573. 2024 AMOUNT: $ 1,457. INSURANCE SETTLEMENT - 2021 AMOUNT: $ 7,149. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 42000 42000 13566762 4316190 9250572 5632 5632 9298204 TENANT SECURITY DEPOSITS 24721 UTILITY DEPOSITS 9417 RESTRICTED DEPOSITS 691333 725471 DUE TO RELATED PARTY 442368 442368 X 982451 0 982451 0 982451 1373579 0 1373579 0 1373579 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE APARTMENT. PART X, LINE 2: THE ENTITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ENTITY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. THE ENTITY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2021. 0 0 0 0 0 0 0 0 0 DR ANDERSON TORRES SECRETARY 0 427506 0 0 0 0 0 21375 0 248 0 449129 0 0 FATMIR TOCI THRU 1224 CHIEF FINANCIAL OFFICER 0 226071 0 0 0 0 0 11304 0 3369 0 240744 0 0 PART I, LINE 3 THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, AND EXECUTIVE DIRECTOR ARE COMPENSATED BY RAIN TOTAL CARE, INC., A RELATED TAX-EXEMPT ENTITY. RAIN TOTAL CARE, INC. USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION FOR THE CEO: 1) COMPENSATION COMMITTEE 2) FORM 990 OF OTHER ORGANIZATIONS 3) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 3 BEATRICE C. CATULLO RESIDENCE HDFC PURCHASES MANAGEMENT SERVICES FROM THE WAVECREST MANAGEMENT TEAM, LTD., AN UNRELATED ORGANIZATION. THE MANAGEMENT COMPANY MANAGES THE BUILDING. THEY COLLECT RENT, PAY BILLS, OVERSEE THE MAINTENANCE OF THE BUILDING AND RE-CERTIFY TENANTS ANNUALLY TO INSURE COMPLIANCE WITH HUD REQUIREMENTS. PROPERTY MANAGEMENT FEE EXPENSES WERE $95,518 FOR THE YEAR ENDED DECEMBER 31, 2024. NONE OF THE INDIVIDUALS LISTED ON PART VII ARE COMPENSATED BY WAVECREST MANAGEMENT TEAM, LTD. FORM 990, PART VI, SECTION A, LINE 6 RAIN TOTAL CARE, INC. IS THE SOLE MEMBER OF BEATRICE C. CATULLO RESIDENCE HOUSING DEVELOPMENT FUND CORP. FORM 990, PART VI, SECTION A, LINE 7A RAIN TOTAL CARE, INC. IS THE SOLE MEMBER OF BEATRICE C. CATULLO RESIDENCE HOUSING DEVELOPMENT FUND CORP. AND HAS THE POWER TO APPOINT BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B RAIN TOTAL CARE, INC. IS THE SOLE MEMBER OF BEATRICE C. CATULLO RESIDENCE HOUSING DEVELOPMENT FUND CORP. AND RESERVES ALL RIGHTS OVER GOVERNANCE DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS CONDUCTED PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE SUCCESS AND PROPER GOVERNANCE OF BEATRICE CASTILIA-CATULLO HOUSING DEVELOPMENT FUND CORP. (BCC) DEPENDS ON THE ACTIVE PARTICIPATION OF ITS DIRECTORS, OFFICERS, ADVISORY BOARD MEMBERS, COMMITTEE MEMBERS AND STAFF. GIVEN THAT EVEN THE PERCEPTION OF A CONFLICT OF INTEREST CAN HAVE A NEGATIVE IMPACT ON BCC, EVERY MEMBER MUST INFORM THE BCC CHAIRMAN OR PRESIDENT ABOUT ANY CONFLICT OF INTEREST THEY MIGHT HAVE OR ENCOUNTER, AS WELL AS ANY EVENT OR CIRCUMSTANCE THAT MAY CREATE THE APPEARANCE OF A CONFLICT OF INTEREST. THIS CONFLICT OF INTEREST POLICY SHOULD GUIDE THE DIRECTORS, OFFICERS, ADVISORY BOARD MEMBERS, COMMITTEE MEMBERS AND STAFF WHEN CONDUCTING BCC BUSINESS OR REPRESENTING BCC. EVERY MEMBER HAS A DUTY OF PUTTING THE INTERESTS OF BCC OVER THEIR OWN SELF-INTEREST OR THE INTEREST OF OTHERS. EVERY MEMBER MUST ALSO AVOID ACTS OF SELF-DEALING THAT COULD ADVERSELY AFFECT THE TAX-EXEMPT STATUS OF BCC OR CAUSE ANY SANCTION OR PENALTY BY A GOVERNMENTAL AUTHORITY. INTERESTED DIRECTORS DOING BUSINESS WITH BCC MUST ADHERE TO THE BCC BY LAWS. BECAUSE DIRECTORS, OFFICERS, ADVISORY BOARD MEMBERS, COMMITTEE MEMBERS AND STAFF MAY BE INVOLVED IN OTHER ORGANIZATIONS THAT MAY HAVE BUSINESS DEALINGS OR AFFILIATIONS WITH OR SEEK GRANTS FROM BCC, THE FOLLOWING GENERAL PRINCIPLES HAVE BEEN ESTABLISHED: EACH DIRECTOR, OFFICER, ADVISORY BOARD MEMBER, COMMITTEE MEMBER AND STAFF SHALL MAINTAIN THE HIGHEST LEVEL OF ETHICAL CONDUCT AND SHALL EXERCISE THE HIGHEST STANDARD OF CARE, DILIGENCE, AND PRUDENCE WHEN CONDUCTING ANY ACTIVITY ON BEHALF OF BCC. IN THE EVENT ANY DIRECTOR, OFFICER, ADVISORY BOARD MEMBER, COMMITTEE MEMBER OR STAFF OR A MEMBER OF HER/HIS IMMEDIATE FAMILY HAS A PERSONAL OR BUSINESS INTEREST IN, OR IS INVOLVED IN ANY WAY WITH, AN ORGANIZATION WITH WHOM BCC IS CONSIDERING A GRANT REQUEST OR BUSINESS CONTRACT, SUCH INTEREST OR INVOLVEMENT SHALL BE DISCLOSED TO BCC. IN SUCH EVENT, ANY DIRECTOR, OFFICER, ADVISORY BOARD MEMBER, COMMITTEE MEMBER OR STAFF MAY ANSWER PERTINENT QUESTIONS OF OTHER DIRECTORS, OFFICERS, ADVISORY BOARD MEMBERS, COMMITTEE MEMBERS OR STAFF WHEN KNOWLEDGE REGARDING THE MATTER WILL ASSIST BCC. DIRECTORS, OFFICERS, ADVISORY BOARD MEMBERS, COMMITTEE MEMBERS AND STAFF ARE EXPECTED TO BE WORKING SOLELY FOR BCC, INC. ANY OUTSIDE EMPLOYMENT WITH COMPETITORS WHO ARE KNOWN TO COMPETE FOR THE SAME CONTRACTS SHOULD BE PROMPTLY DISCLOSED TO THE CHAIRMAN & EXECUTIVE DIRECTOR. IN CERTAIN CIRCUMSTANCES, OUTSIDE EMPLOYMENT MAY BE APPROVED BUT THE CORPORATION RETAINS THE RIGHT TO REVIEW AND EVALUATE EACH SITUATION ON AN INDIVIDUAL BASIS. THE MINUTES OF THE MEETING SHALL INDICATE THAT THE INTERESTED DIRECTOR, OFFICER, ADVISORY BOARD MEMBER, COMMITTEE MEMBER OR STAFF DISCLOSED THE INTEREST OR INVOLVEMENT IN THE MATTER BEING CONSIDERED BY THE BOARD, AND SHALL ABSTAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G SECURITY SERVICES: PROGRAM SERVICE EXPENSES 186,788. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 186,788. MAINTENANCE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,085. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,085. PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 10,424. MANAGEMENT AND GENERAL EXPENSES 1,850. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,274. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. REGIONAL AID FOR INTERIM NEEDS INC 811 MORRIS PARK AVENUE BRONX NY 10461 136213586 SENIOR CENTERS AND CASE MGMT NY 501(C)(3) LINE 7 RAIN TOTAL CARE INC 0 RAIN PROPERTIES INC 811 MORRIS PARK AVENUE BRONX NY 10461 562286782 REAL ESTATE HOLDING NY 501(C)(2) REGIONAL AID FOR INTERIM NEEDS INC 0 RAIN HOME ATTENDANT SERVICES INC 811 MORRIS PARK AVENUE BRONX NY 10461 133008330 HOME ATTENDANT SERVICES NY 501(C)(3) LINE 10 RAIN TOTAL CARE INC 0 RAIN TOTAL CARE INC 811 MORRIS PARK AVENUE BRONX NY 10461 810876721 ADMINISTRATIVE AND MANAGEMENT SERVICES NY 501(C)(3) LINE 12B, II N/A 0 3377 WHITE PLAINS ROAD LLC 377 WHITE PLAINS ROAD BRONX NY 10467 201806697 AFFORDABLE HOUSING FOR SENIORS NY RAIN PROPERTIES INC C 0 STEVENSON B4 HDFC 811 MORRIS PARK AVENUE BRONX NY 10467 870881051 AFFORDABLE HOUSING FOR SENIORS NY RAIN PROPERTIES INC C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0