2025-10-09T13:43:12-05:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-06-13 112396480 ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORPORATION STPH 2129267100 2534 ADAM CLAYTON POWELL JR BLVD NEW YORK NY 10039 JOAN B BROWNE PRESIDENT 2129267100 2025-10-09 1 1 MELISSA MODELSON P01603524 9143818900 2025-10-09 2024 2025-03-06 01:10:19Z X JOAN B BROWNE 2534 ADAM CLAYTON POWELL JR BLVD NEW YORK NY 10039 411256 0 X N/A X 1970 NY ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORPORATION (THE "CORPORATION") WAS FORMED FOR THE CHARITABLE PURPOSE OF CONDUCTING ACTIVITIES THAT FACILITATE AND PROMOTE THE OPERATION OF AFFORDABLE HOUSING. IN FURTHERANCE OF THESE PURPOSES, THE CORPORATION PROMOTES AND FACILITATES LOW-INCOME HOUSING BY PARTICIPATING IN THE OWNERSHIP AND MANAGEMENT OF A LOW-INCOME HOUSING PROJECT ('PROJECT'). THE PROJECT IS LOCATED AT 480 ST. NICHOLAS AVENUE, NEW YORK, NEW YORK 10030 AND CONSISTS OF CONSISTS OF 260 UNITS. 5 5 7 5 0 0 0 411256 0 0 411256 0 0 421909 0 0 0 421909 -10653 14366 11189 7476 14366 3713 X ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORPORATION (THE "CORPORATION") WAS FORMED FOR THE CHARITABLE PURPOSE OF CONDUCTING ACTIVITIES THAT FACILITATE AND PROMOTE THE OPERATION OF AFFORDABLE HOUSING. IN FURTHERANCE OF THESE PURPOSES, THE CORPORATION PROMOTES AND FACILITATES LOW-INCOME HOUSING BY PARTICIPATING IN THE OWNERSHIP AND MANAGEMENT OF A LOW-INCOME HOUSING PROJECT ('PROJECT'). THE PROJECT IS LOCATED AT 480 ST. NICHOLAS AVENUE, NEW YORK, NEW YORK 10030 AND CONSISTS OF CONSISTS OF 260 UNITS. 0 0 421909 0 411256 ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORPORATION ('CORPORATION') WAS FORMED FOR THE CHARITABLE PURPOSE OF CONDUCTING ACTIVITIES THAT FACILITATE AND PROMOTE THE OPERATION OF AFFORDABLE HOUSING. IN FURTHERANCE OF THESE PURPOSES, THE CORPORATION PROMOTES AND FACILITATES LOW-INCOME HOUSING BY PARTICIPATING IN THE OWNERSHIP AND MANAGEMENT OF A LOW-INCOME HOUSING PROJECT ('PROJECT'). THE PROJECT IS LOCATED AT 480 ST. NICHOLAS AVENUE, NEW YORK, NEW YORK 10030 AND CONSISTS OF CONSISTS OF 260 UNITS: 52 ONE-BEDROOM, 121 TWO-BEDROOM, 70 THREE-BEDROOM AND 17 FOUR-BEDROOM UNITS. CURRENTLY, THE UNITS HAVE THE FOLLOWING OCCUPANCY:NUMBER OF UNITS OCCUPIED BY EXTREMELY LOW (30 PERCENT) INCOME -132NUMBER OF UNITS OCCUPIED BY VERY LOW (50 PERCENT) INCOME - 63NUMBER OF UNITS OCCUPIED BY LOW (80 PERCENT) INCOME -36NUMBER OF UNITS OCCUPIED BY MODERATE INCOME (81 PERCENT-120 PERCENT) INCOME - 21NUMBER OF UNITS OCCUPIED BY MIDDLE INCOME (121 PERCENT) - 3NUMBER OF UNITS CURRENTLY VACANT - 4NUMBER OF UNITS OCCUPIED BY THE BUILDING SUPERINTENDENT -1 421909 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 NY X X DIMITRI NAYLOR 2129267100 2534 ADAM CLAYTON POWELL JR BLVD NEW YORK NY 10039 X JOAN B BROWNE PRESIDENT 0.75 X X 0 0 0 DERRICK GIBBS VICE PRESIDENT 0.75 X X 0 0 0 LOVELL JACKSON TREASURER 0.75 X X 0 0 0 BEVERLY BROWN DIRECTOR 0.75 X 0 0 0 STEVE WILLIAMS DIRECTOR 0.75 X 0 0 0 RAMON GOMEZ MAINTENANCE 40.00 X 110342 0 0 110342 0 0 1 0 0 0 0 SERVICE FEE INCOME 531110 411256 411256 411256 411256 411256 0 0 281782 281782 118271 118271 21856 21856 421909 421909 0 0 14366 11189 14366 11189 7476 0 7476 X 14366 3713 14366 3713 14366 11189 -10653 0 X 0 0 0 X 411256 411256 411256 411256 0 0 0 411256 411256 411256 X PART III, SHORT YEAR EXPLANATION: ST PHILIPS ON THE PARK HOUSING DEVELOPMENT FUND CORPORATION IS FILING A SHORT YEAR RETURN FOR THE 6/13/24-12/31/24 TAX YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. THE FORM 990 IS REVIEWED BY THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL INTERESTED PERSONS WHO ARE REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT. THE POLICY IS CONSISTENTLY MONITORED AND COMPLIANCE IS ENFORCED. AN INTERESTED PERSON IS ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, IS AN INTERESTED PERSON. AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 1023, FORM 990, OVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.