2023-09-07T16:01:30-05:00 2022-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990EZ 2022-01-01 161699777 SCHERMERHORN HOUSING DEVELOPMENT FUND CORPORATION SCHE 2123899300 505 EIGHTH AVENUE 5TH FLOOR NEW YORK NY 10018 KEVIN MORAN CFO 2123899300 2023-09-07 1 KEVIN MORAN XXX-XX-XXXX 0 SCOTT THOMPSETT P00741490 2125990100 2023-08-29 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X X WWW.BREAKINGGROUND.ORG X X 0 0 0 0 -2465790 0 -2465790 X 90144 90144 90144 90144 2555934 2555934 -2465790 -2465790 X SCHERMERHORN HOUSING DEVELOPMENT FUND'S PRIMARY EXEMPT PURPOSE IS TO ACQUIRE AND/OR DEVELOP PROPERTY LOCATED IN THE COUNTY OF KINGS IN THE CITY AND STATE OF NEW YORK FOR THE BENEFIT OF BREAKING GROUND HOUSING DEVELOPMENT FUND AND ITS AFFILIATED TAX-EXEMPT ORGANIZATIONS. PROGRAM SERVICE ACCOMPLISHMENT 1SCHERMERHORN HOUSING DEVELOPMENT FUND CORPORATION IS THE MANAGING MEMBER OF THE PARTNERSHIP ENTITY THAT OWNS THE LOW-INCOME HOUSING FACILITY KNOWN AS THE SCHERMERHORN. THE ELEVEN-STORY BUILDING OFFERS 116 UNITS FOR FORMERLY HOMELESS INDIVIDUALS WITH SPECIAL NEEDS AND, INCLUDING INDIVIDUALS LIVING WITH HIV/AIDS. THE REMAINING UNITS ARE FOR LOW-INCOME COMMUNITY RESIDENTS, THE MAJORITY OF WHOM ARE ACTIVELY PURSUING CAREERS IN THE PERFORMING ARTS AND ENTERTAINMENT INDUSTRIES, SUCH AS LOCAL ACTORS, DANCERS, SINGERS AND FILMMAKERS. THE ACTORS FUND, WHICH CO-SPONSORED THE BUILDING, PROVIDES SOCIAL SERVICES AND EMERGENCY FINANCIAL ASSISTANCE, HEALTH CARE, HOUSING, AND EMPLOYMENT AND TRAINING SERVICES TO PEOPLE WHO WORK IN PERFORMING ARTS AND ENTERTAINMENT. AS MANAGING MEMBER, THE ORGANIZATION DID NOT UNDERTAKE ANY ACTIVE PROGRAM SERVICE ACTIVITIES IN 2022. 0 0 0 BRENDA ROSEN PRESIDENT 0.10 0 0 0 JOSEPH BENINCASA SECRETARY 0.10 0 0 0 BENJAMIN STACKS TREASURER 0.10 0 0 0 BARBARA DAVIS VICE PRESIDENT 0.10 0 0 0 NICHOLAS TSANG DIRECTOR 0.10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NY KEVIN MORAN 505 EIGHTH AVENUE NEW YORK NY 10018 2123899300 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X X 1 BREAKING GROUND II HDFC 133846708 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: DUE FROM AFFILIATES. BEG. OF YEAR AMOUNT: 90,144. END OF YEAR AMOUNT: 90,144. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: INVESTMENTS IN HOUSING ENTITIES. BEG. OF YEAR AMOUNT: 5,834. END OF YEAR AMOUNT: 5,834. DESCRIPTION: DUE TO AFFILIATES. BEG. OF YEAR AMOUNT: 2,550,000. END OF YEAR AMOUNT: 2,550,000. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 100. END OF YEAR AMOUNT: 100.