2026-08-06T18:35:55-04:00 2025-09-30 WITHUMSMITHBROWN PC 1411 BROADWAY 9TH FLOOR NEW YORK NY 10018 990 2024-10-01 134112393 THE PAVILION HOUSING DEVELOPMENT FUND CORPORATION % FORDHAM-BEDFORD HOUSING CORP PAVI 7189389624 713 TILDEN STREET BRONX NY 10467 FR Remo DiSalvatore Executive Director 7183673200 2026-08-04 true true Israel Tannenbaum CPA P01589203 2127519100 2026-02-15 2024 2025-03-06 01:10:19Z FR Remo DiSalvatore 713 TILDEN STREET BRONX NY 10467 784942 false X N/A X 1999 NY PROVIDE SUPPORTIVE HOUSING FOR ELDERLY AND HANDICAPPED PERSONS WITH LOW INCOME. 20 20 0 20 0 0 0 0 732628 777858 4974 4397 26227 2687 763829 784942 0 0 0 0 78820 0 0 0 0 795327 848657 874147 848657 -110318 -63715 4546666 4217519 6352035 6086603 -1805369 -1869084 X TO PROVIDE SUPPORTIVE HOUSING FOR ELDERLY AND HANDICAPPED PERSONS WITH LOW INCOME UNDER SECTION 202 OF THE HOUSING ACT OF 1959. false false 825027 779479 PROVIDING AFFORDABLE HOUSING IN ACCORDANCE WITH EXEMPT PURPOSE. THE PAVILION FACILITY INCLUDES 42 ONE-BEDROOM UNITS, DESIGNED FOR THE ELDERLY, 3 ONE-BEDROOM UNITS SPECIFICALLY DESIGNED FOR THE MOBILITY-IMPAIRED ELDERLY, AND ONE SUPERINTENDENT UNIT FOR A BUILDING TOTAL OF 46 UNITS 825027 true false false false false false false false true false true false false true false true 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 false true false false true 0 0 0 false false false false false false false false false false false false X 20 20 false true false false true true true true false false false false true true true true true false false false NY X X FORDHAM-BEDFORD HOUSING CORP 7183673200 2751 GRAND CONCOURSE - BRONX NY 10468 X SISTER JULIA BERDUGO PRESIDENT 1.0 0.0 X X 0 0 0 FATHER REMO DISALVATORE CHAIRMAN 1.0 0.0 X X 0 0 0 DAISY APONTE SECRETARY 1.0 0.0 X X 0 0 0 FATHER PAT ROSSI TREASURER 1.0 0.0 X X 0 0 0 SISTER ELIZABETH FIORE BOARD MEMBER 1.0 0.0 X 0 0 0 EVELYN CHEN BOARD MEMBER 1.0 0.0 X 0 0 0 FRANCINE ROSS-RODEN BOARD MEMBER 1.0 0.0 X 0 0 0 FRANCESCA KANG BOARD MEMBER 1.0 0.0 X 0 0 0 HENG LY BOARD MEMBER 1.0 0.0 X 0 0 0 JESUS ESCOBAR BOARD MEMBER 1.0 0.0 X 0 0 0 JULIO HOUED MONEGRO BOARD MEMBER 1.0 0.0 X 0 0 0 FATHER MEENA GUDE BOARD MEMBER 1.0 0.0 X 0 0 0 BROTHER MIGUEL RAMIEZ BOARD MEMBER 1.0 0.0 X 0 0 0 MOHAMED QUALANDER BOARD MEMBER 1.0 0.0 X 0 0 0 NAOMI MCWATTS BOARD MEMBER 1.0 0.0 X 0 0 0 SISTER NOREEN PERELLI BOARD MEMBER 1.0 0.0 X 0 0 0 PAUL CHECCO BOARD MEMBER 1.0 0.0 X 0 0 0 PEYTON BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT D'ALLESSANDRO BOARD MEMBER 1.0 0.0 X 0 0 0 SHERRIE WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 0 0 0 0 false false false 0 0 RENTAL INCOME 531110 777858 777858 777858 4397 4397 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISC. REVENUE 900099 1066 1066 LAUNDRY REVENUE 900099 1596 1596 TENANT CHARGES 900099 25 25 2687 784942 779479 0 5463 X 0 0 0 0 0 0 0 0 0 0 0 0 0 60513 60513 0 23630 23630 0 0 0 129126 129126 0 4031 4031 0 0 78490 78490 0 0 0 0 0 166009 166009 207500 207500 REAL ESTATE TAXES 99865 99865 OPERATING & MAINT. 58926 58926 ADMIN EXP ON RENT FREE UNIT 17052 17052 MISCELLANEOUS FEES 3515 3515 848657 825027 23630 0 X 5560 36111 0 0 0 0 300502 7738 0 0 0 0 0 0 0 0 102702 144340 6607994 2994306 3771637 3613688 0 0 0 0 0 0 0 0 366265 415642 4546666 4217519 274001 224117 0 0 48899 5300 0 0 14973 16286 0 0 6014162 5840900 0 0 0 0 6352035 6086603 X -1805369 -1869084 0 0 -1805369 -1869084 4546666 4217519 -63715 X false true X false true true X 0 0 0 0 0 0 493619 573948 629732 732628 777858 3207785 0 0 0 493619 573948 629732 732628 777858 3207785 0 0 0 3207785 58 267 2291 4974 4397 11987 0 58 267 2291 4974 4397 11987 0 4236 138979 2053 26227 2687 174182 497913 713194 634076 763829 784942 3393954 0.94515 0.93960 0.00353 0.00270 X false true X 179968 179968 6255799 2854673 3401126 139607 108133 31474 32620 31500 1120 3613688 SECURITY DEPOSITS 16286 RESTRICTED DEPOSITS 374179 UTILITY DEPOSITS 25177 415642 0 0 X 784942 784942 784942 848657 848657 848657 PART IV, LINE 2B: THE TENANT SECURITY DEPOSIT IS HELD UNTIL THE TENANT MOVES OUT. IF THE TENANT MOVES OUT WITH ARREARS, THE SECURITY DEPOSIT WILL POST TO THE TENANT'S ACCOUNT TO REDUCE THE BALANCE DUE. IF THERE ARE NO ARREARS, THE SECURITY DEPOSIT IS RETURNED TO THE TENANT. PART X, LINE 2: The non-profit Organization is exempt from taxes under Section 501(c)(3) of the Internal Revenue Code. Being a nonstock corporation not organized for profit, the non-profit Organization is exempt from New York State franchise taxes. GAAP require evaluation of the tax positions taken or expected to be taken in the course of preparing the non-profit Organization's tax returns to determine whether the tax positions are more likely than not sustainable upon examination by the applicable taxing authorities, based on the technical merits of the tax positions, and then recognizing the tax benefit that is more likely than not realizable. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current reporting period. Management believes any such positions would be immaterial to the overall financial statements. The non-profit Organization has no income tax related penalties or interest for the periods reported in these financial statements. Should any such penalties and interest be incurred, the non-profit Organization's policy would be to recognize them as operating expenses. The non-profit Organization's federal and state tax returns for the years after 2021 remain subject to examination by the relevant taxing authorities. FORM 990, PART VI, SECTION A, LINE 3: THE ENTITY PURCHASES MANAGEMENT SERVICES FROM AN UNRELATED MANAGEMENT SERVICES CORPORATION, Fordham Bedford. MANAGEMENT FEES TOTALING $60,513 WERE PAID DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025. NO DIRECTORS, OFFICERS, OR EMPLOYEES WERE COMPENSATED BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 6: MEMBERS OF THE CORPORATION ARE LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF IMMACULATE CONCEPTION ROMAN CATHOLIC CHURCH OR NON-MEMBERS WHO HAVE THE APPROVAL OF THE BOARD OF TRUSTEES OF IMMACULATE CONCEPTION ROMAN CATHOLIC CHURCH. MEMBERS ARE ENDORSED IN WRITING BY THE PASTOR OF IMMACULATE CONCEPTION ROMAN CATHOLIC CHURCH. IN THE EVENT OF THE PASTOR'S INABILITY TO ACT, THEN MEMBERS SHALL BE ENDORSED IN WRITING BY THE VICAR OF THE RELIGIOUS COMMUNITY TO WHICH IMMACULATE CONCEPTION ROMAN CATHOLIC CHURCH BELONGS. FORM 990, PART VI, SECTION A, LINE 7A: AT ALL MEETINGS, EXCEPT FOR THE ELECTION OF DIRECTORS, ALL VOTES SHALL BE VIVA VOCE, EXCEPT THAT FOR THE ELECTION OF DIRECTORS, BALLOTS SHALL BE PROVIDED AND THERE SHALL NOT APPEAR ANY PLACE ON SUCH BALLOT ANY MARK OR MARKING THAT MIGHT TEND TO INDICATE THE PERSON WHO CAST THE BALLOT. MEMBERS SHALL BE ENDORSED IN WRITING BY THE PASTOR OF IMMACULATE CONCEPTION ROMAN CATHOLIC CHURCH. IN THE EVENT OF THE PASTOR'S INABILITY TO ACT, THEN MEMBERS SHALL BE ENDORSED IN WRITING BY THE VICAR OF THE RELIGIOUS COMMUNITY TO WHICH IMMACULATE CONCEPTION ROMAN CATHOLIC CHURCH BELONGS. IMMACULATE CONCEPTION ROMAN CATHOLIC CHURCH MAY ALSO WITHDRAW ITS ENDORSEMENT OF MEMBERS IN WHICH CASE MEMBERS CEASE TO BE MEMBERS OF THE ORGANIZATION. WITHDRAWAL OF ENDORSEMENT SHALL BE DONE IN THE FORM OF A LETTER ADDRESSED TO THE SECRETARY OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B: THE BY-LAWS MAY BE ALTERED, AMENDED, REPEALED OR ADDED TO BY AFFIRMATIVE VOTE OF NOT LESS THAN THE MAJORITY OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B: THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B: THE CHAIRMAN OF THE BOARD IS PROVIDED A COPY OF THE FORM 990 PRIOR TO ITS FILING TO THE INTERNAL REVENUE SERVICE. NO FURTHER REVIEW IS CONDUCTED. FORM 990, PART VI, SECTION B, LINE 12C: ANNUAL STATEMENTS: EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PROCEDURES FOR ADDRESSING A CONFLICT OF INTEREST: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, 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. (I) THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. (II) AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A CORPORATION 13-4112393 THE PAVILION HOUSING DEVELOPMENT FUND MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (III) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 713 TILDEN STREET, BRONX, NY 10467 OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED LABOR TOTAL FEES:128876 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING FEES TOTAL FEES:250 IMMACULATE CONCEPTION CHURCH 754 GUN HILL ROAD BRONX NY 10467 131740166 CHURCH NY 501(C)(3) LINE 1 NA false false false false false false false false false false false false false false false false false false false false