2025-02-14T18:08:50-05:00 2024-03-31 133747593 VARGAS & RIVERA CPA'S LLP 586 ROUTE 304 NEW CITY NY 10956 990 2023-04-01 133218852 EVERLASTING PINE HOUSING DEVELOPMENT FUND COMPANY INC EVER 2126258833 96 BAXTER STREET NEW YORK NY 10013 SHERMAN ENG ACTING CHAIR & PRES 2126258833 2025-02-14 true false LUIS C RIVERA P00645103 8456383113 2025-02-14 2023 2025-03-06 01:10:19Z SHERMAN ENG 1641366 false X N/A X 1984 NY OPERATION OF AN APARTMENT COMPLEX CONSISTING OF 87 UNITS FOR THE ELDERLY AND HANDICAPPED PERSONS OF LOW INCOME. 3 3 0 0 1394438 1345886 241991 293960 1158 332 11482 1188 1649069 1641366 0 0 0 0 0 1485768 1521986 1485768 1521986 163301 119380 2605383 2523575 7438154 7236966 -4832771 -4713391 X EVERLASTING PINE HOUSING DEVELOPMENT FUND COMPANY, INC. (THE "PROJECT") IS A NON-PROFIT ORGANIZATION INCORPORATED ON APRIL 16, 1984 UNDER ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW AND SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. THE PROJECT WAS ORGANIZED TO DEVELOP AND OPERATE A HOUSING PROJECT CONTAINING 87 UNITS FOR ELDERLY AND HANDICAPPED PERSONS OF LOW INCOME PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959. false false 1301492 HOUSING PROGRAM: OPERATION OF A BUILDING CONTAINING 87 UNITS FOR ELDERLY AND HANDICAPPED PERSONS OF LOW INCOME PURSUANT TO SECTION 202 OF THE HOUSING ACT OF 1959. 1301492 true true false false false false false false true false true false false true true true true false 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 6 0 false 0 false false false false false false false false X 3 3 false true false false false false true true true false false true true true true true true false false false NY X X JEFFREY P GOLDSTEIN MMS GROUP 2126258833 96 BAXTER STREET NEW YORK NY 10013 SHERMAN ENG ACTING CHAIR 10.00 35.00 X X 0 215384 0 PO-LING NG TREASURER 1.00 0.50 X X 0 0 0 WING MA SECRETARY 1.00 0.50 X X 0 0 0 215384 false true false 1345886 1345886 RENTAL INCOME 531110 293960 293960 293960 332 332 LAUNDRY 900099 976 976 OTHER REVENUE 900099 212 212 1188 1641366 293960 1520 59784 59784 14810 14810 5089 5089 28063 28063 39636 22938 16698 11507 11507 867871 847063 20808 116325 116325 ALLOCATED SALARIES 292328 213783 78545 REPAIRS AND MAINTENANCE 86573 86573 1521986 1301492 220494 0 30846 7512 18642 26479 80826 5842 12285724 10032330 2017344 2253394 457725 230348 2605383 2523575 292674 345498 8931 12545 23228 25135 4940862 4640631 2172459 2213157 7438154 7236966 X -4832771 -4713391 -4832771 -4713391 2605383 2523575 119380 X X false true X true true true X 1317675 1359186 1349636 1394438 1345886 6766821 300167 257651 284690 241991 293960 1378459 976 976 1617842 1616837 1634326 1636429 1640822 8146256 8146256 6238 1027 778 1158 332 9533 6238 1027 778 1158 332 9533 127645 31757 1777 11482 1188 173849 1751725 1649621 1636881 1649069 1642342 8329638 0.97800 0.97700 0.00000 0.18000 X PART III, LINE 12 LAUNDRY INCOME 1,969 OTHER RESIDENT CHARGES 11,279 BAD DEBT RECOVERY 60,953 REBATES AND REFUNDS 3,270 REIMBURSEMENTS 94,292 WRITE-OFFS 2,086 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 11289936 9914176 1375760 134520 118154 16366 861268 861268 2253394 REPLACEMENT RESERVES 124909 ESCROW DEPOSITS 59251 TENANT SECURITY DEPOSITS 30601 UTILITY AND OTHER DEPOSITS 10370 RESIDUAL RECEIPTS 5217 230348 DUE TO RELATED PARTY 2213157 2213157 X 1641366 1641366 1641366 1521986 1521986 1521986 SCHEDULE D, PAGE 2, PART IV, LINE 2B FUNDS FOR THE PERSONAL USE OF RESIDENTS AND FUNDS RECEIVED AS SECURITY DEPOSITS FOR SERVICES ARE HELD IN TRUST FOR THEM BY THE PROJECT. THESE FUNDS ARE SEGREGATED IN A SEPARATE INTEREST-BEARING ACCOUNT FOR THE TENANTS' BENEFIT AND ARE NOT AVAILABLE FOR OTHER USES. SCHEDULE D, PAGE 3, PART X THE PROJECT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE PROJECT HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE PROJECT IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO MARCH 31, 2021. false false false false false false false false false SHERMAN ENG ACTING CHAIR & PRES 215384 215384 FORM 990 - ORGANIZATION'S MISSION EVERLASTING PINE HOUSING DEVELOPMENT FUND COMPANY, INC. (THE "PROJECT") IS A NON-PROFIT ORGANIZATION INCORPORATED ON APRIL 16, 1984 UNDER ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW AND SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. THE PROJECT WAS ORGANIZED TO DEVELOP AND OPERATE A HOUSING PROJECT CONTAINING 87 UNITS FOR ELDERLY AND HANDICAPPED PERSONS OF LOW INCOME PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959. FORM 990, PAGE 6, PART VI, LINE 3 THE PROJECT IS MANAGED BY T.U.C. MANAGEMENT COMPANY, INC. WHICH IS PAID A MANAGEMENT FEE OF 3.98% OF COLLECTIONS OR 59.50 PER UNIT PER MONTH. IN ADDITION, AN ADD-ON FEE OF 1.50 PER UNIT PER MONTH FOR THE PROJECT OWNER'S NOT-FOR-PROFIT STATUS. FOR THE YEAR ENDED MARCH 31, 2024, MANAGEMENT FEES TOTALED 59,784. FORM 990, PAGE 6, PART VI, LINE 7B A DIRECTOR CAN BE REMOVED FROM OFFICE BY AN ORDER FROM THE NYC COMMISSIONER OF THE DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT. FORM 990, PAGE 6, PART VI, LINE 11B THE PROJECT HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. ONCE THE FORM 990 HAS BEEN PREPARED AND IS READY TO BE FILED WITH THE IRS, THE ADMINISTRATING OFFICER WILL SEND A COPY TO EACH BOARD MEMBER EITHER ELECTRONICALLY OR VIA USPS. THE ADMINISTRATING OFFICER CONFIRMS RECEIPT WITH EACH MEMBER. ANY COMMENTS ARE THEN SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. ONCE THE COMMENTS ARE ADDRESSED, THE RETURN IS THEN FINALIZED AND APPROVED FOR FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C EACH OFFICER AND KEY EMPLOYEE OF THE PROJECT, AS WELL AS NOMINEES FOR ELECTION (PRIOR TO HIS OR HER INITIAL ELECTION), MUST SUBMIT TO THE SECRETARY OF THE BOARD, AT LEAST ONCE PER YEAR (AND UPDATED AS APPROPRIATE), A COMPLETED CONFLICT OF INTEREST QUESTIONNAIRE. THE SECRETARY SHALL PROVIDE COPIES OF ALL COMPLETED STATEMENTS TO THE CHAIR OF THE AUDIT COMMITTEE/BOARD FOR THEIR REVIEW. ADDITIONALLY, ANY INTERESTED PERSON WITH A POTENTIAL OR ACTUAL CONFLICT OF INTEREST MUST DISCLOSE ALL MATERIAL FACTS RELATING TO THE PROPOSED TRANSACTION OR OTHER ARRANGEMENT AS THEY OCCUR. THE AUDIT COMMITTEE/BOARD WILL REVIEW AND DETERMINE WHETHER TO APPROVE OR RATIFY THE PROPOSED TRANSACTION OR ARRANGEMENT AND MAY ONLY APPROVE THE UNDERLYING MATTER IF IT DETERMINES THAT, UNDER THE TERMS AND WITHIN THE CIRCUMSTANCES AND CONDITIONS PRESENTED, IT IS FAIR, REASONABLE, AND IN THE BEST INTERESTS OF THE PROJECT. THE INTERESTED PERSON SHALL ONLY BE INFORMED OF THE FINAL DECISION AND NOT OF PARTICULAR DIRECTORS' POSITIONS OR HOW THEY VOTED. FORM 990, PAGE 6, PART VI, LINE 19 THE PROJECT MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE IRS CODE. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST AT 96 BAXTER STREET, 13TH FL., NEW YORK, NY 10013. FORM 990, PAGE 12, PART XII, LINE 2C THE PROJECT HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WALKER STREET-CHUNG PAK LOCAL DEV DEVELOPMENT CORPORATION 96 BAXTER STREET NEW YORK NY 10013 133275044 RENTAL NY 501 C3 10 N/A false false false false false false false false false false false false false false true true true true false false