2025-06-16T13:38:49-07:00 2024-08-31 810926770 NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS 40 WALL ST 32ND FL NEW YORK NY 10005 990 2023-09-01 260561516 ARDSLEY HOUSING DEVELOPMENT FUND CORP ARDS 9143328801 PO BOX 814 WHITE PLAINS NY 10602 John Williams Treasurer 2025-06-16 true true NINA BAHAZHEVSKA P00468170 2127850100 2023 2025-03-06 01:10:19Z Kimberlie Jacobs PO BOX 814 WHITE PLAINS NY 10602 41821 false X N/A X 2007 NY DEVELOP AND OPERATE HOMELESS HOUSING. 4 4 0 4 0 10501 0 33053 41804 19 17 0 43573 41821 0 0 0 0 0 47290 43113 47290 43113 -3717 -1292 511085 511027 6817 8051 504268 502976 DEVELOP AND OPERATE HOMELESS HOUSING. false false 40833 41821 OPERATION OF A TWO-FAMILY HOUSE FOR THE HOMELESS. Two eligible homeless families rented the units with rent partially subsidized by governmental rental assistance and the Organization. 40833 true false false false false false false false true false true false false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 1 0 true 0 false false false false false false false 0 false false false false false false false X 4 4 false false false false true true true true false false false true true true true true true true false false NY X SHOREICARE 9144946653 PO BOX 814 WHITE PLAINS NY 10602 X Widmarc Thomas Executive Dir. 1.00 35.00 X 0 79083 12106 Linda S Houser Interim ED/Secr 1.00 17.00 X X 0 1545 0 Kimberlie Jacobs Chairman 2.00 4.00 X X 0 0 0 Stephanie Minor Vice Chairman 1.00 4.00 X X 0 0 0 Susan McCarthy Vice Chair/Secr 1.00 4.00 X X 0 0 0 John Williams Treasurer 1.00 4.00 X X 0 0 0 80628 12106 0 false false false 0 0 RENTAL INCOME 531110 41804 41804 41804 17 17 0 0 0 0 0 0 0 0 41821 41804 17 0 0 0 0 0 0 0 0 0 0 0 0 2280 2280 0 0 0 0 0 168 168 75 75 0 17929 17929 0 0 0 0 0 17181 17181 3652 3652 Case Management 1828 1828 0 43113 40833 2280 0 9502 20124 0 0 640 4970 0 0 0 0 0 658361 210438 465105 447923 0 0 0 0 35838 38010 511085 511027 2280 3717 5771 3100 6817 8051 X 504268 502976 504268 502976 511085 511027 -1292 X false true X false false X 10501 10501 38730 33998 16624 33053 41804 164209 0 0 0 38730 33998 16624 43554 41804 174710 0 0 174710 63 1987 75 19 17 2161 0 63 1987 75 19 17 2161 0 0 38793 35985 16699 43573 41821 176871 0.98780 0.98750 0.01220 0.01250 X false true X 150000 150000 490604 203446 287158 12420 1655 10765 5337 5337 447923 CAPITAL AND REPLACEMENT RESERVE 32699 Operating reserve 1592 TENANT SECURITY DEPOSIT 3719 38010 X Part IV, Line 2b: Explanation of escrow account liability TENANT SECURITY DEPOSITS HELD IN TRUST PAYABLE TO TENANTS UPON MOVING OUT Part X : FIN48 Footnote ARDSLEY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER SECTION 509(A)(1) OF THE CODE. ARDSLEY HAS ADOPTED THE PROVISIONS PERTAINING TO UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE ADDITIONAL RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING AUGUST 31, 2021 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. Form 990, Part VI, Section A, Line 6 THE ORGANIZATION WAS FORMED UNDER THE NEW YORK STATE PRIVATE HOUSING FINANCE LAW TO DEVELOP AND OPERATE A SPECIFIC NEW YORK STATE FUNDED HOMELESS HOUSING PROJECT IN ARDSLEY, NEW YORK. THE ORGANIZATION WAS SPONSORED BY SHORE/ICARE, A NOT-FOR-PROFIT ORGANIZATON ENGAGED IN PROVIDING AFFORDABLE HOUSING BY BRINGING TOGETHER GOVERNMENTAL AND PRIVATE FINANCING. SHELTERING THE HOMELESS IS THE SOLE MEMBER AND WITH ARDSLEY HOUSING DEVELOPMENT FUND CORP., JOINTLY WERE RESPONSIBLE FOR FINANCING AND COMPLETING THE PROJECT IN ACCORDANCE WITH THE TERMS OF VARIOUS GRANT AGREEMENTS and restrictive covenants ENTERED INTO BY BOTH ENTITIES, AND REQUIRES THE OPERATION OF THE CONSTRUCTED property as homeless housing for a period of 25-years by New York State and housing for very low income housing for 99 years by other funding sources. Form 990, Part VI, Section A, Line 7a AS THE SOLE MEMBER, SHORE/ICARE ELECTS THE BOARD OF DIRECTORS OF ARDSLEY HOUSING DEVELOPMENT FUND CORP. Form 990, Part VI, Section A, Line 7b SHORE/ICARE, A 501(C)(3) ORGANIZATION, AS THE SOLE MEMBER HAS THE POWER TO APPOINT THE DIRECTORS OF THE BOARD FOR ARDSLEY AND TO DIRECT THE ACTIONS OF THE BOARD AND MUST APPROVE ANY CHANGES IN ARDSLEYS BY-LAWS. Form 990, Part VI, Section A, Line 8b THE ORGANIZATION DOES NOT UTILIZE COMMITTEES OF THE BOARD. Form 990, Part VI, Section B, Line 11b THE FINANCIAL STATEMENTS AND FORM 990 DRAFTS WERE PRESENTED TO THE Finance Committee OF SHORE AND ARDSLEY HDFC BY THE AUDITOR AND TAX PREPARER. THE finance committee OF SHORE AND ARDSLEY HDFC REVIEWED THE DRAFTS AND MADE INQUIRES AND COMMENTS. THE TAX PREPARER MADE THE APPROPRIATE CHANGES AND PRESENTED THE RETURNS TO THE ORGANIZATION FOR SIGNING BY THE OFFICERS. The Finance Committee at a special board meeting reported on the financial statements and tax filings, and made copies available. Form 990, Part VI, Section B, Line 12c NEW BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AND ALSO TO DISCLOSE ANY CONFLICTS TO THE PRESIDENT OF THE BOARD. AT A YEARLY MEETING THE BOARD MEMBERS ARE REQUIRED TO REVIEW THEIR CONFLICT OF INTEREST STATEMENTS AND UPDATE THE QUESTIONNAIRE. DURING THE YEAR, IF THERE IS A CHANGE OF CIRCUMSTANCE OR A NEW MATTER ARISES THAT AFFECTS A DIRECTORS INDEPENDENCE THE DIRECTOR IS REQUIRED TO REVIEW THE MATTER WITH THE PRESIDENT OF THE BOARD FOR POSSIBLE REFERRAL TO THE ENTIRE BOARD FOR REVIEW AND DETERMINATION IF A CONFLICT EXISTS AND WHAT GOVERNANCE ACTION SHOULD BE TAKEN. Form 990, Part VI, Section B, Line 15a THE COMPENSATION FOR EXECUTIVE DIRECTOR IS DETERMINED BASED ON A COMPARISON VS.OTHER SIMILARLY SIZED AND/OR FUNCTIONAL ORGANIZATIONS IN THE SECTOR, FORMS 990 OFOTHER ORGANIZATIONS AND COMPENSATIONS SURVEYS ALONG WITH THE GOVERNANCECOMMITTEE INPUT AND ULTIMATE DETERMINATION BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION FILES NEW YORK STATE FORM CHAR500 WITH THE NYS ATTORNEY GENERALS CHARITIES REGISTRATION BUREAU. THE REPORT INCLUDES COPIES OF THE ORGANIZATIONS FINANCIAL STATEMENTS AND FORM 990. THE STATE ATTORNEY GENERAL MAKES THE FILINGS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. THE ORGANIZATIONS RECORDS ARE KEPT AT THE OFFICE OF ITS Organizations Officer. REQUESTS CAN BE MADE TO THE ORGANIZATION DURING NORMAL BUSINESS HOURS TO REVIEW ANY PUBLIC FILINGS AND CORPORATE FILING MADE WITH NEW YORK STATE. SHOREICARE PO BOX 814 WHITE PLAINS NY 10602 133323120 HOMELESS HOUSING NY 501(C)(3) 509(A)(1) N/A false WHITE PLAINS HOUSING DVLPMT FUND COMPANY PO BOX 814 WHITE PLAINS NY 10602 133888833 HOMELESS HOUSING NY 501(C)(3) 509(A)(1) N/A false false false false false false false false false false false false false false false false false false false false