2025-10-08T13:06:11-05:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 3025 NORTH WOOSTER AVENUE DOVER OH 44622 990 2024-01-01 133595749 HERBERT L BROOKS HOUSING DEVELOPMENT FUND COMPANY INC HERB 7188420256 1789 SOUTHERN BLVD BRONX NY 10460 DERRICK LOVETT PRESIDENT/CEO 7188420256 2025-10-08 1 1 FRANK BUSS II P00441804 3303655400 2024 2025-03-06 01:10:19Z DERRICK LOVETT 1789 SOUTHERN BLVD BRONX NY 10460 1805238 0 X N/A X 1990 NY PROVIDING LOW INCOME HOUSING 6 5 2 0 0 0 0 0 1884401 1774545 19270 27678 49565 3015 1953236 1805238 0 0 0 0 102944 177901 0 0 0 1385985 1422630 1488929 1600531 464307 204707 4664989 5043811 8029390 8203505 -3364401 -3159694 SEE SCHEDULE O 0 0 1510521 1805238 TO OPERATE A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 90 UNITS LOCATED IN BRONX, NEW YORK. 1510521 1 0 0 0 0 0 0 0 0 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 2 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NY X DERRICK LOVETT PRESIDENTCEO 7188420256 1789 SOUTHERN BLVD BRONX NY 10460 APRIL HORTON TREASURER 0.10 1.40 X X 0 0 0 DERRICK LOVETT PRESIDENT/CEO 0.10 40.40 X X 0 294515 81945 PHYLLIS WILLIAMS SECRETARY 0.10 1.40 X X 0 0 0 WALLACE MOBLEY BOARD CHAIR 0.10 2.40 X X 0 0 0 KENNETH MORRISON BOARD MEMBER 0.10 1.40 X 0 0 0 LINDA SARGEANT BOARD MEMBER 0.10 1.40 X 0 0 0 RUBRIA M RODRIGUEZ FISCAL ADMINISTRATOR 0.10 40.40 X 0 180066 33380 0 474581 115325 0 0 1 0 0 TENANT CHARGES 531390 1383933 1383933 RENTAL INCOME 531110 390612 390612 1774545 27678 27678 MISCELLANEOUS REVENUE 531390 3015 3015 3015 1805238 1805238 0 0 169631 169631 8270 8270 62640 62640 25769 25769 27370 27370 38702 38702 287944 287944 248850 248850 229697 229697 REPAIRS AND MAINTENANCE 208969 208969 REAL ESTATE TAXES 175405 175405 BAD DEBT EXPENSE 67525 67525 CONSULTING FEES 36600 36600 13159 13159 1600531 1510521 90010 0 41298 0 197746 135522 164159 200129 9328842 6746049 2805065 2582793 1456721 2125367 4664989 5043811 77866 214967 2181 4740 7838700 7838700 110643 145098 8029390 8203505 X -3364401 -3159694 -3364401 -3159694 4664989 5043811 204707 0 X X 0 1 X 1 1 1 X 526427 1064094 1834841 1884401 1774545 7084308 526427 1064094 1834841 1884401 1774545 7084308 0 0 0 7084308 115 2119 19270 27678 49182 115 2119 19270 27678 49182 3093 2575 2721 3015 11404 529635 1066669 1836960 1906392 1805238 7144894 0.99150 0.99430 0.00690 0.00370 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY AND VENDING - 2020 AMOUNT: $ 3,093. 2021 AMOUNT: $ 2,575. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 2,721. 2024 AMOUNT: $ 3,015. 45000 45000 9283842 6746049 2537793 2582793 SECURITY DEPOSITS- UTILITY 8773 REPLACEMENT RESERVES 2067437 RESIDUAL RECEIPTS RESERVE 23258 TENANT SECURITY DEPOSIT 25899 2125367 TENANT SECURITY DEPOSITS PAYABLE 24689 DUE TO OWNER 82317 MANAGEMENT FEE PAYABLE 7246 BANK OVERDRAFT 30846 145098 X 1805238 0 1805238 0 1805238 1600531 0 1600531 0 1600531 PART X, LINE 2: THE COMPANY HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. DUE TO ITS TAX-EXEMPT STATUS, THE COMPANY IS NOT SUBJECT TO INCOME TAXES. THE COMPANY IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE COMPANY HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. THE COMPANY'S POLICY IS TO INCLUDE ANY PENALTIES AND INTEREST ACCESSED BY TAXING AUTHORITIES WITH EXCISE TAX EXPENSE. THE COMPANY'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO AUDIT BY THE IRS FOR THE PRIOR THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2021 REMAIN OPEN. 0 0 0 0 0 0 0 0 0 DERRICK LOVETT PRESIDENT/CEO 0 294515 0 0 0 0 0 27416 0 54529 0 376460 0 0 RUBRIA M RODRIGUEZ FISCAL ADMINISTRATOR 0 180066 0 0 0 0 0 13791 0 19589 0 213446 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE PROPERTY WAS MANAGED BY METROPOLITAN REALTY GROUP LLC, AN UNAFFILIATED COMPANY, DURING 2024. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CEO OF THE ORGANIZATION, BUT A FULL COPY IS NOT PRESENTED TO THE WHOLE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS AN AFFIRMATION OF ITS PRINCIPLES STATEMENT AND WHISTLEBLOWER POLICY THAT BOARD MEMBERS AND SENIOR STAFF ARE REQUIRED TO SIGN. THESE STATEMENTS ADDRESS ISSUES OF ETHICS AND CONFLICTS OF INTEREST. IT IS THE RESPONSIBILITY OF ALL DIRECTORS, OFFICERS, AND EMPLOYEES TO REPORT ETHICS VIOLATIONS OR SUSPENDED VIOLATIONS. NO DIRECTOR, OFFICER, OR EMPLOYEE WHO IN GOOD FAITH REPORTS AN ETHICS VIOLATION SHALL SUFFER HARASSMENT, RETALIATION, OR ADVERSE EMPLOYMENT CONSEQUENCE. VIOLATIONS OR SUSPENDED VIOLATIONS MAY BE SUBMITTED ON A CONFIDENTIAL BASIS BY COMPLAINT OR ANONYMOUSLY. THE ORGANIZATION ENCOURAGES EMPLOYEES TO SHARE THEIR CONCERNS WITH SOMEONE WHO CAN ADDRESS THEM PROPERLY. THESE POLICIES ARE INTENDED TO ENCOURAGE AND ENABLE EMPLOYEES AND OTHERS TO RAISE ETHICS CONCERNS ON AN ONGOING BASIS. 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, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE SELECTION PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE COMPANY, A NOT-FOR-PROFIT CORPORATION, WAS FORMED UNDER THE LAWS OF THE STATE OF NEW YORK, ON APRIL 10, 1990, FOR THE PURPOSE OF OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. 1490 CROTONA PART EAST HOUSING DEVELOPMENT FUND COMPANY INC 1762 BOSTON ROAD BRONX NY 10460 463754811 REAL ESTATE NY 501(C)(3) LINE 10 MBD COMMUNITY HOUSING CORPORATION 0 BRYANT MEWS HOUSING DEVELOPMENT FUND COMPANY INC 1762 BOSTON ROAD BRONX NY 10460 112866753 REAL ESTATE (INACTIVE) NY 501(C)(3) LINE 10 MBD COMMUNITY HOUSING CORPORATION 0 DON LW HOUSING DEVELOPMENT FUND COMPANY INC 1762 BOSTON ROAD BRONX NY 10460 474956216 REAL ESTATE NY 501(C)(3) LINE 10 MBD COMMUNITY HOUSING CORPORATION 0 LYMAN PLACE PRIDE HOUSING DEVELOPMENT FUND COMPANY INC 1762 BOSTON ROAD BRONX NY 10460 REAL ESTATE NY 501(C)(3) LINE 10 MBD COMMUNITY HOUSING CORPORATION 0 MBD COMMUNITY HOUSING CORPORATION 1762 BOSTON ROAD BRONX NY 10460 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NICKERSON TERRACE REDEVELOPMENT REDEVELOPMENT ASSOCIATES, LP EIN: 13-3663300 1762 BOSTON ROAD BRONX, NY 10460 PART IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS CORP OR TRUST: NAME OF RELATED ORGANIZATION: MBD SILVA TAYLOR GP, INC DIRECT CONTROLLING ENTITY: MBD SILVA TAYLOR HOUSING DEVELOPMENT FUND COMPANY