2025-10-08T12:39:29-05:00 2024-12-31 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2024-01-01 200597209 RIVERCREST COMMONS HOUSING DEVELOPMENT FUND COMPANY INC RIVE 5188422894 52 DIVISION STREET AMSTERDAM NY 12010 DAMARIS CARBONE EXECUTIVE DIRECTOR 5188422894 2025-09-30 1 0 DAVID A URBAN CPA P00630018 7166340700 2025-09-30 2024 2025-03-06 01:10:19Z DAMARIS CARBONE 52 DIVISION STREET AMSTERDAM NY 12010 63027 0 X N/A X 2004 NY TO PROVIDE SERVICES TO THE POOR, DISTRESSED AND UNDERPRIVILEGED LOW-INCOME FAMILIES AND INDIVIDUALS BY DEVELOPING, ACQUIRING, CONSTRUCTING, RENOVATING, OPERATING, MAINTAINING AND IMPROVING RENTAL HOUSING AND FACILITATING HOME OWNERSHIP OPPORTUNITIES. 3 1 0 0 0 0 28524 30909 27596 29340 19 18 5904 2760 62043 63027 0 0 0 0 10338 41787 0 0 0 92504 92848 102842 134635 -40799 -71608 414817 415741 64217 136749 350600 278992 TO PROVIDE SERVICES TO THE POOR, DISTRESSED AND UNDERPRIVILEGED LOW-INCOME FAMILIES AND INDIVIDUALS BY DEVELOPING, ACQUIRING, CONSTRUCTING, RENOVATING, OPERATING, MAINTAINING AND IMPROVING RENTAL HOUSING AND FACILITATING HOME OWNERSHIP OPPORTUNITIES. 0 0 98733 29340 PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS. 98733 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 X 3 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 NY X RICHARD DIMATTEO 5188422894 52 DIVISION STREET AMSTERDAM NY 12010 X DAMARIS CARBONE PRESIDENT 0.30 X X 0 0 0 RICHARD DIMATTEO TREASURER 0.30 X X 0 0 0 KIMBERLY ROBERTS SECRETARY 0.30 X X 0 0 0 0 0 0 0 0 0 0 0 30909 30909 RENTAL INCOME 531110 29340 29340 29340 18 18 TENANT CHARGES 531110 2760 2760 2760 63027 32100 0 18 X 24802 22670 2132 16985 16985 1920 1920 17134 7184 9950 2375 2375 8072 8072 41233 41233 9743 9743 REAL ESTATE TAXES 9600 9600 MISCELLANEOUS 2540 2540 SUPPLIES 231 231 134635 98733 35902 0 50165 94357 1494 1739 8645 1142689 932212 251710 210477 102803 109168 414817 415741 61995 134115 1810 2634 412 0 64217 136749 X 350600 278992 350600 278992 414817 415741 -71608 0 X X 0 1 X 1 1 1 X 37554 36562 34604 28524 30909 168153 37554 36562 34604 28524 30909 168153 168153 22 17 18 19 18 94 2459 5904 2760 11123 179370 133974 0.93750 0.95410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 5000 5000 1110725 905434 205291 26964 26778 186 210477 RESERVE FOR REPLACEMENTS 62827 RESIDUAL RECEIPTS 35074 TAX AND INSURANCE ESCROW 8633 TENANTS' SECURITY DEPOSITS 2634 109168 X 63027 0 63027 0 63027 134635 0 134635 0 134635 PART IV, LINE 2B: THE ESCROW ACCOUNT LIABILITY ON PART X LINE 21 CONSISTS OF TENANT SECURITY DEPOSITS WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE RETURNED TO THE TENANT UPON TERMINATION OF THE LEASE. PART X, LINE 2: THE COMPANY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE); THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE COMPANY HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE COMPANY PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENTS ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE COMPANY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN THEIR FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE COMPANY ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. FORM 990, PART VI, SECTION A, LINE 3 THE COMPANY PAYS MANAGEMENT FEES EQUAL TO 6.68% OF NET RENTAL COLLECTIONS TO RIVERCREST DEVELOPMENT CORPORATION, AN AFFILIATE OF THE COMPANY. MANAGEMENT FEES FOR THE YEAR ENDED DECEMBER 31, 2024 AMOUNTED TO $1,920. FORM 990, PART VI, SECTION A, LINE 8B THE COMPANY HAS NO SUCH COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE MANAGEMENT AND PRESENTED TO THE BOARD AFTER FILING. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G AUDIT EXP: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,950. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,950. MAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 7,184. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,184. FORM 990 PART XII, LINE 2C: NO CHANGE IN AUDIT SELECTION OR OVERSIGHT DURING THE CURRENT YEAR.