2025-10-02T17:12:34-05:00 2024-12-31 873707167 CBIZ ADVISORS LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2024-01-01 261880608 STANTON NORFOLK INC STAN 2124772265 141 NORFOLK ST GROUND FLOOR NEW YORK NY 10002 THOMAS YU PRESIDENT/EXECUTIVE DIRECTOR 2124772265 2025-10-02 1 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2025-10-02 2024 2025-03-06 01:10:19Z THOMAS YU 141 NORFOLK ST GROUND FLOOR NEW YORK NY 10002 4889549 0 X N/A X 2008 NY STANTON NORFOLK INC., ("STANTON") WAS ESTABLISHED TO PROMOTE AFFORDABLE HOUSING BY ASSISTING TENANTS TO OBTAIN AND MAINTAIN QUALIFICATION FOR GOVERNMENT AND PRIVATE HOUSING ASSISTANCE PROGRAMS, ACTING AS LIAISON BETWEEN TENANTS AND BUILDING OWNERS, AND CRAFTING SOLUTIONS TO ALLOW TENANTS WITH FINANCIAL OR OTHER PROBLEMS TO AVOID EVICTION. STANTON MANAGES ALL OF ITS PARENT ORGANIZATION, ASIAN AMERICANS FOR EQUALITY, INC.'S ("AAFE") HOUSING DEVELOPMENTS. CURRENTLY, STANTON OVERSEES IN EXCESS OF 500 AFFORDABLE HOUSING UNITS LOCATED IN LOWER MANHATTAN. AAFE AND ITS LIMITED PARTNERSHIPS HAVE ENTERED INTO SEVERAL PROPERTY MANAGEMENT AGREEMENTS WITH STANTON TO PROVIDE FOR, AMONG OTHER MATTERS, TENANT ASSISTANCE, PROPERTY ADMINISTRATION, RENTAL MANAGEMENT AND REPAIR, AND STAFF SUPERVISION. 4 0 75 0 0 0 0 0 4862505 4782380 21 25 136433 107144 4998959 4889549 0 0 0 0 3656123 4073952 0 0 0 1082520 1056984 4738643 5130936 260316 -241387 5610868 5367877 1150310 1148706 4460558 4219171 TO PROMOTE, PRESERVE, MANAGE, AND MAINTAIN AFFORDABLE HOUSING; PROVIDE ASSISTANCE AND SPACE FOR SMALL BUSINESSES THAT BENEFIT THE COMMUNITY; AND TO CO-ORDINATE RELATED TENANT SERVICES. 0 0 3733154 4878244 AFFORDABLE HOUSING: PROMOTION, PRESERVATION, MANAGEMENT, AND MAINTENANCE OF AFFORDABLE HOUSING - INCLUDING COORDINATING TENANT SERVICES. STANTON OVERSEES IN EXCESS OF 1034 AFFORDABLE HOUSING UNITS LOCATED IN LOWER MANHATTAN AND QUEENS. 3733154 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 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 4 0 1 75 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X THOMAS YU PRESIDENTEXECUTIVE DIRECTOR 2124772265 141 NORFOLK ST GROUND FLOOR NEW YORK NY 10002 HSUEH LAM YAN DIRECTOR, ASSET & PROPERTY MGMT. 24.00 13.00 X X 193724 0 26543 MY T CHANG VP/CHIEF OF STAFF 1.00 37.00 X X 0 199435 9430 HUI-YUAN NELSON CHAN TREASURER 1.00 37.00 X X 0 206467 64387 THOMAS YU PRESIDENT/EXECUTIVE DIRECT 3.00 39.00 X X 0 284107 61872 JOY SUZANNE GRANADO CHIEF ACCOUNTING OFFICER (OUTGOING) 1.00 37.00 X 0 175272 21446 YUN TIN SALLY NG MGR, ACCT & CONTROLLER 35.00 1.00 X 121847 0 25359 315571 865281 209037 2 0 1 0 0 PROPERTY MGMT FEES 531390 3479298 3479298 COMMERCIAL RENT 532000 833740 833740 RESTORATION AND REPAIR 531390 414635 414635 LOANS INTEREST INCOME 531390 54707 54707 4782380 25 25 MARKETING INCOME 531390 58500 58500 REAL ESTATE TAXES 531390 15961 15961 MISCELLANEOUS 900099 12690 12690 19993 8713 11280 107144 4889549 4878244 0 11305 220267 88108 132159 2923812 2260662 663150 109295 84739 24556 462950 353734 109216 357628 268221 89407 100000 100000 17062 10549 6513 319434 197503 121931 16166 11668 4498 23201 17401 5800 372162 279121 93041 23401 17551 5850 12639 9479 3160 SURCHARGE FEE 72840 72840 EQUIPMENT RENTAL 71456 53592 17864 BAD DEBT 17899 17899 OTHER EXPENSES 9759 7262 2497 965 724 241 5130936 3733154 1397782 0 250 250 2018418 3571912 167291 236768 57186 112746 227091 165988 7407 61103 3360316 1385098 5610868 5367877 408748 382727 741562 765979 1150310 1148706 X 4460558 4219171 4460558 4219171 5610868 5367877 -241387 0 X X 0 1 X 1 0 X 10000 485595 510595 1006190 3193241 3634835 3971917 4862505 4782380 20444878 3203241 4120430 4482512 4862505 4782380 21451068 0 0 0 21451068 61 20 20 21 25 147 61 20 20 21 25 147 109980 145239 159387 136433 107144 658183 3313282 4265689 4641919 4998959 4889549 22109398 0.97020 0.95620 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 19,263. 2021 AMOUNT: $ 15,732. 2022 AMOUNT: $ 67,014. MARKETING INCOME - 2020 AMOUNT: $ 71,625. 2021 AMOUNT: $ 40,800. 2022 AMOUNT: $ 55,750. 2023 AMOUNT: $ 99,000. 2024 AMOUNT: $ 58,500. REAL ESTATE TAXES - 2020 AMOUNT: $ 14,165. 2021 AMOUNT: $ 12,965. 2022 AMOUNT: $ 12,817. 2023 AMOUNT: $ 13,400. 2024 AMOUNT: $ 15,961. WATER AND SEWER - 2020 AMOUNT: $ 3,292. 2021 AMOUNT: $ 12,702. 2022 AMOUNT: $ 11,363. 2024 AMOUNT: $ 8,688. LATE FEES - 2020 AMOUNT: $ 557. RETURNED CHECK CHARGES - 2020 AMOUNT: $ 50. 2022 AMOUNT: $ 100. 2024 AMOUNT: $ 25. UTILITY INCOME - 2020 AMOUNT: $ 28. 2022 AMOUNT: $ 649. LEGAL CHARGES - 2020 AMOUNT: $ 1,000. BAD DEBTS RECOVERY - 2021 AMOUNT: $ 63,040. 2022 AMOUNT: $ 11,694. MISCELLANEOUS - 2023 AMOUNT: $ 24,033. 2024 AMOUNT: $ 12,690. TELEPHONE AND INTERNET INCOME - 2024 AMOUNT: $ 11,280. 227091 165988 61103 61103 DUE FROM AFFILIATES 764983 RIGHT-OF-USE-ASSETS-OPERATING LEASE 484011 TENANT SECURITY DEPOSIT 136104 1385098 DUE TO AFFILIATES 130123 OPERATING LEASE LIABILITIES 499752 TENANT SECURITY DEPOSIT 136104 765979 X 4889549 0 4889549 0 4889549 5130936 0 5130936 0 5130936 PART X, LINE 2: STANTON BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. 0 0 0 0 0 0 0 0 0 THOMAS YU PRESIDENT/EXECUTIVE DIRECT 0 284107 0 0 0 0 0 9895 0 51977 0 345979 0 0 HUI-YUAN NELSON CHAN TREASURER 0 206467 0 0 0 0 0 9972 0 54415 0 270854 0 0 HSUEH LAM YAN DIRECTOR, ASSET & PROPERTY MGMT. 193724 0 0 0 0 0 7909 0 18634 0 220267 0 0 0 MY T CHANG VP/CHIEF OF STAFF 0 199435 0 0 0 0 0 7159 0 2271 0 208865 0 0 JOY SUZANNE GRANADO CHIEF ACCOUNTING OFFICER (OUTGOING) 0 175272 0 0 0 0 0 6313 0 15133 0 196718 0 0 FORM 990, PART VI, SECTION A, LINE 6 STANTON NORFOLK, INC. IS A MEMBERSHIP ORGANIZATION WITH ASIAN AMERICANS FOR EQUALITY, INC. AS A SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A ASIAN AMERICANS FOR EQUALITY, INC., BEING THE SOLE MEMBER, IS ENTITLED TO APPOINT THE DIRECTORS; PROVIDED, HOWEVER, THAT IN THE EVENT THAT ADDITIONAL PERSONS ARE ACCEPTED AS MEMBERS OF THE CORPORATION PURSUANT TO SECTION 2.2 OF THE ORGANIZATION'S BY-LAWS, THE NUMBER OF DIRECTORS TO BE APPOINTED BY EACH MEMBER MAY BE REAPPORTIONED BY A FAVORABLE ACTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING CORPORATE ACTIONS MAY NOT BE TAKEN WITHOUT THE APPROVAL OF THE MEMBERS: (1) ANY AMENDMENT OF OR CHANGE TO THE CERTIFICATE OF INCORPORATION OR (2) A PETITION FOR JUDICIAL DISSOLUTION; (3) DISPOSING OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS OF THE CORPORATION, (4) APPROVAL OF A PLAN OF MERGER, (5) AUTHORIZATION OF A PLAN OF NON-JUDICIAL DISSOLUTION, OR (6) REVOCATION OF A VOLUNTARY DISSOLUTION PROCEEDING. (7) REMOVE ANY DIRECTOR ANY TIME WITH OR WITHOUT CAUSE BY A VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. AT LEAST 7 DAYS PRIOR TO FILING, THE ORGANIZATION DISTRIBUTES A DRAFT FORM 990 TO THE BOARD FOR REVIEW. FIVE DAYS ARE ALLOWED FOR FEEDBACK, THROUGH THE BOARD TREASURER, BEFORE FORM 990 IS FINALIZED AND FILED WITH THE IRS. A COPY OF THE FILED FORM 990 IS PROVIDED TO THE BOARD FOR THEIR RECORDS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS ARE ISSUED WITH A COPY OF THE ORGANIZATION'S CURRENT CONFLICT OF INTEREST (COI) POLICY UPON APPOINTMENT, AND ANNUALLY THEREAFTER. DIRECTORS AND OFFICERS COMPLETE ANNUAL DECLARATIONS TO EITHER CONFIRM NO CONFLICTS, OR IDENTIFY POSSIBLE AND/OR ACTUAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION USES THE FOLLOWING TO DETERMINE THE COMPENSATION OF ITS TOP MANAGEMENT OFFICIAL: 1) COMPENSATION COMMITTEE; 2) COMPENSATION SURVEY OR STUDY; AND 3)APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST TO ANY BOARD MEMBER OR OFFICER. THESE DOCUMENTS ARE MAINTAINED AT THE ORGANIZATION'S REGISTERED OFFICE. FORM 990, PART XIX, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. 4 NYC HOUSING INC 141 NORFOLK STREET NEW YORK NY 10002 821711103 PROMOTE COMMON GOOD AND WELFARE AND ECONOMIC DEVELOPMENT IN NEW YORK NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 AAFE COMMUNITY DEVELOPMENT FUND INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 134103352 PROVIDES TECHNICAL ASSISTANCE AND AFFORDABLE SECOND MORTAGEGE LOANS NY 501(C)(3) LINE 7 ASIAN AMERICANS FOR EQUALITY INC 0 AAFE FAIR HOUSING CENTER INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 133943782 LEASE OFFICE SPACE IN THE JACKSON HEIGHTS NEIGHBORHOOD OF QUEENS NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 AAFE NEW AMERICANS OPPORTUNITY FUND INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 814698636 PROMOTE COMMON GOOD AND WELFARE AND ECONOMIC DEVELOPMENT IN NEW YORK NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 ASIAN AMERICAN HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 133376278 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 ASIAN AMERICANS FOR EQUALITY INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 133187792 TO ADVANCES THE RIGHTS OF ASIAN AMERICANS AND ALL THOSE IN NEED NY 501(C)(3) LINE 7 N/A 0 BREMOND KING DAVIS HOUSING DEVELOPMENT FUND CORPORATION 108 NORFOLK ST NEW YORK NY 10002 473791580 DEVELOPING A HOUSING PROJECT FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 CHINATOWN PRESERVATION HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 161755393 DEVELOPING AND PRESERVING HOUSING PROJECTS FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 COMMUNITY HOMES HOUSING DEVELOPMENT FUND COMPANY INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 134145926 PROMOTES HOME OWNERSHIP FOR MINORITY AND UNDERSERVED POPULATIONS NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 COMMUNITY RENEWAL HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 461578773 REHABILITATING A HOUSING PROJECT FOR PERSONS OF LOW INCOME NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT 141 NORFOLK STREET NEW YORK NY 10002 133784406 DEVELOPING A HOUSING PROJECT FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 EAST CHINATOWN HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET GROUND FLOOR NEW YORK NY 10002 161755397 PROVIDES LOW-INCOME HOUSING IN NYC & PROMOTES AFFORDABLE HOUSING NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 EL CARIBE HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 811091210 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 HARDESTY RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION PO BOX 22700 KANSAS CITY MO 64113 453190226 PROVIDES FINANCIAL ASSISTANCE TO QUALIFIED INDIVIDUALS AND BUSINESSES MO 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 810856461 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 MADISON STREET HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 811725502 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 MONTGOMERY HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 462101950 DEVELOPING A HOUSING PROJECT FOR PERSONS OF LOW INCOME NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 ONE FLUSHING HDFC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 814301765 DEVELOPING A HOUSING PROJECT FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 QUEENS HOUSING AND IMMIGRATION CENTER CORPORATION 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 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