2025-11-10T08:11:36-06:00 2024-12-31 WITHUMSMITHBROWN PC 1411 BROADWAY 9TH FLOOR NEW YORK NY 10018 990 2024-01-01 133826436 NEW WALTON AVENUE HOUSING DEVELOPMENT FUND CORPORATION % HENG LY NEWW 7183673200 2751 GRAND CONCOURSE BRONX NY 10468 HENG LY Secretary/Treasurer 7183673200 2025-11-15 true true Israel Tannenbaum CPA P01589203 2127519100 2024 2025-03-06 01:10:19Z HENG LY 2751 GRAND CONCOURSE BRONX NY 10468 2553648 false X N/A X 1995 NY SEE SCHEDULE O 6 4 0 0 0 0 0 0 2488752 2503988 0 49660 0 0 2488752 2553648 0 0 0 0 0 0 0 0 0 2271330 2428855 2271330 2428855 217422 124793 3989138 4378113 357105 621287 3632033 3756826 X SEE SCHEDULE O false false 274644 284921 THE ORGANIZATION OPERATES COMMUNITY FACILITY SPACE TO PROVIDE EDUCATIONAL SERVICES TO THE COMMUNITY. 2099201 2219067 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. 2373845 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 false true 0 0 0 false false false false false false false false false false false false X 6 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 X Heng Ly Secretary/Treasurer 0.5 40.0 X X 0 329395 44892 Manuela Schaudt Director 0.5 40.0 X 0 235353 21458 Eileen Hogan president 0.5 3.0 X X 0 0 0 JOSE NORAT Vice President 0.5 3.0 X X 0 0 0 Erika Martinez Director 0.5 3.0 X 0 0 0 Cheryl Harper Director 0.5 1.0 X 0 0 0 0 564748 66350 0 false true false SYCAMORE BIRCH MANAGEMENT LLC 785 E 181ST STREET BRONX NY 10460 property MANAGEMENT 176979 1 0 RESIDENTAL RENTAL INCOME 531110 2219067 2219067 NON-RESIDENTIAL RENTAL INCOME 531120 284921 284921 2503988 49660 49660 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2553648 2503988 0 0 X 0 0 0 0 0 0 0 0 0 0 0 39918 39918 42892 5597 37295 0 0 0 462681 462681 0 17715 17715 0 0 1178643 1178643 0 0 0 0 0 98582 98582 229336 229336 0 BAD DEBT EXPENSES 31665 31665 EMPLOYMENT SERVICES 327423 327423 2428855 2373845 55010 0 574641 860124 1620409 1694606 0 0 92451 94853 0 0 0 0 0 0 0 0 458111 501020 1748171 894378 867765 853793 0 0 0 0 0 0 0 0 375761 373717 3989138 4378113 180880 443879 0 0 0 0 0 0 0 0 0 0 0 0 0 0 176225 177408 357105 621287 X 3632033 3756826 0 0 3632033 3756826 3989138 4378113 124793 X X false true X true false X 0 0 0 0 0 0 2359506 2383184 2393374 2488752 2503988 12128804 0 0 0 2359506 2383184 2393374 2488752 2503988 12128804 0 0 0 12128804 0 0 0 0 49660 49660 0 0 0 0 0 49660 49660 0 0 2359506 2383184 2393374 2488752 2553648 12178464 0.99592 1.00000 0.00408 0.00000 X 534700 211227 323473 906006 398229 507777 307465 284922 22543 853793 DUE FROM AFFILIATE 136986 TENANT SECURITY DEPOSITS 133792 REPLACEMENT RESERVES 102939 373717 0 DUE TO AFFILIATE 21309 PREPAID RENT 22307 TENANT SECURITY DEPOSITS 133792 177408 X 2553648 2553648 2553648 2428855 2428855 2428855 PART X, LINE 2: The Corporation has tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. Being a nonstock corporation not organized for profit, the Corporation is exempt from the New York State and New York City franchise tax. GAAP requires evaluation of the tax positions taken or expected to be taken in the course of preparing the Corporation'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 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 any such positions would be immaterial to the overall financial statements. The Corporation has no income tax related penalties or interest for the period reported in these financial statements. Should any such penalties and interest be incurred, the Corporation's policy would be to recognize them as operating expenses. The Corporation's federal and state tax returns for the fiscal years after 2021 remain subject to examination by the relevant taxing authorities. false false false false false false false false false Heng Ly Secretary/Treasurer 0 329395 0 0 0 0 0 28854 0 16038 0 374287 0 0 Manuela Schaudt Director 0 235353 0 0 0 0 0 8280 0 13178 0 256811 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: ON AN ANNUAL BASIS THE ORGANIZATION DOCUMENTS MEETINGS AND SIGNIFICANT TRANSACTIONS IN THE BOARD OF DIRECTOR MINUTES. 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: 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 IX LINE 11G DESCRIPTION:SOCIAL SERVICE FEES TOTAL FEES:238302 FORM 990 PART IX LINE 11G DESCRIPTION:ASSET MANAGEMENT FEES TOTAL FEES:47400 FORM 990 PART IX LINE 11G DESCRIPTION:PROPERTY MANAGEMENT FEES TOTAL FEES:176979 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. HOUSING NY 501(C)(3) 10 FBHC false NEW FORDHAM HDFC INC 2751 GRAND CONCOURSE BRONX NY 10468 133839101 L.I. HOUSING NY 501(C)(3) 10 FBHC false UNITED NEIGHBORS HDFC 2751 GRAND CONCOURSE BRONX NY 10468 133859262 L.I. HOUSING NY 501(C)(3) 10 FBHC false CONCOURSE HOUSE HDFC INC 2751 GRAND CONCOURSE BRONX NY 10468 133420753 SOCIAL SVC NY 501(C)(3) 10 FBHC false BRONXVIEW HDFC 2751 GRAND CONCOURSE BRONX NY 10468 472139021 L.I. HOUSING NY 501(C)(3) 10 FBHC false JACOBS PLACE LLC 2751 GRAND CONCOURSE BRONX NY 10468 202284750 LOW INCOME HS NY false false SERVIAM GARDENS ASSOCIATES LP 2751 GRAND CONCOURSE BRONX NY 10468 260698139 LOW INCOME HS NY false false SERVIAM TOWERS LLC 2751 GRAND CONCOURSE BRONX NY 10468 261494876 LOW INCOME HS NY false false WEST SIDE BRONX LLC 2751 GRAND CONCOURSE BRONX NY 10468 208352999 LOW INCOME HS NY false false DECATUR PARK LLC 2751 GRAND CONCOURSE BRONX NY 10468 205859533 LOW INCOME HS NY false false CRESTON HEIGHTS LLC 2751 GRAND CONCOURSE BRONX NY 10468 461271897 LOW INCOME HS NY false false TIEBOUT GREEN LLC 2751 GRAND CONCOURSE BRONX NY 10468 274629945 LOW INCOME HS NY false false MT SHARON LLC 2751 GRAND CONCOURSE BRONX NY 10468 464639229 LOW INCOME HS NY false false SERVIAM HEIGHTS LLC 2751 GRAND CONCOURSE BRONX NY 10468 475082798 LOW INCOME HS NY false false BRONXVIEW LLC 2751 GRAND CONCOURSE BRONX NY 10468 820938365 LOW INCOME HS NY false false Park Gates LLC 2751 Grand Concourse Bronx NY 10468 843480625 Low Income HS NY false false DECATUR PARK MM CORP 2751 GRAND CONCOURSE BRONX NY 10468 205859544 LOW INCOME HS NY C CORP false JACOBS PLACE GP CORP 2751 GRAND CONCOURSE BRONX NY 10468 202917344 LOW INCOME HS NY C CORP false SERVIAM TOWERS MM CORP 2751 GRAND CONCOURSE BRONX NY 10468 261494841 LOW INCOME HS NY C CORP false WEST SIDE BRONX MM CORP 2751 GRAND CONCOURSE BRONX NY 10468 208352986 LOW INCOME HS NY C CORP false 2323 WALTON AVENUE HDFC 2751 GRAND CONCOURSE BRONX NY 10468 133595127 LOW INCOME HS NY C CORP false 182ND STREET HDFC 2751 GRAND CONCOURSE BRONX NY 10468 133874265 LOW INCOME HS NY C CORP false WASHINGTON PARK HDFC 2751 GRAND CONCOURSE BRONX NY 10468 133845555 LOW INCOME HS NY C CORP false TREMONT ECHO HDFC 2751 GRAND CONCOURSE BRONX NY 10468 203960662 LOW INCOME HS NY C CORP false 2172 ANTHONY AVENUE HDFC 2751 GRAND CONCOURSE BRONX NY 10468 134042603 LOW INCOME HS NY C CORP false 4673 HDFC 2751 GRAND CONCOURSE BRONX NY 10468 134009155 LOW INCOME HS NY C CORP false METRO PARK HDFC 2751 GRAND CONCOURSE BRONX NY 10468 050556753 LOW INCOME HS NY C CORP false UPTOWN BRONX HDFC 2751 GRAND CONCOURSE BRONX NY 10468 208361726 LOW INCOME HS NY C CORP false JACOBS PLACE HDFC 2751 GRAND CONCOURSE BRONX NY 10468 202917444 LOW INCOME HS NY C CORP false CRESTON HEIGHTS MM CORP 2751 GRAND CONCOURSE BRONX NY 10468 461268307 LOW INCOME HS NY C CORP false TIEBOUT GREEN MM CORP 2751 GRAND CONCOURSE BRONX NY 10468 274629729 LOW INCOME HS NY C CORP false MT SHARON MM CORP 2751 GRAND CONCOURSE BRONX NY 10468 464629581 LOW INCOME HS NY C CORP false TWO WALTONS HDFC 2751 GRAND CONCOURSE BRONX NY 10468 462041742 LOW INCOME HS NY C CORP false WEBSTER RYER HDFC 2751 GRAND CONCOURSE BRONX NY 10468 462020268 LOW INCOME HS NY C CORP false BURNSIDE HDFC 2751 GRAND CONCOURSE BRONX NY 10468 462035594 LOW INCOME HS NY C CORP false SERVIAM HEIGHTS MM CORP 2751 GRAND CONCOURSE BRONX NY 10468 475502018 LOW INCOME HS NY C CORP false WALTON HEIGHTS HDFC 2751 GRAND CONCOURSE BRONX NY 10468 471706644 LOW INCOME HS NY C CORP false PARK & 196TH STREET HDFC 2751 GRAND CONCOURSE BRONX NY 10468 462134417 LOW INCOME HS NY C CORP false BRONXVIEW MM CORP 2751 GRAND CONCOURSE BRONX NY 10468 821412408 LOW INCOME HS NY C CORP false Park Gates MM Corp 2751 Grand Concourse Bronx NY 10468 843476345 low income hs NY c corp false Park Gates HDFC 2751 Grand Concourse Bronx NY 10468 834540860 Low income HS NY C Corp false MOSHOLU CONCOURSE HDFC 2751 GRAND CONCOURSE BRONX BRONX NY 10468 844865816 LOW INCOME HS NY C CORP false false false false true false false false false false false false false true false false false false false false