2023-09-27T11:50:13-07:00 2023-06-30 134180553 ROB GOLDMAN CPA MBA PLLC 82 Howard Avenue Eastchester NY 10709 990 2022-07-01 202896988 FAC RESTORE HOUSING DEVELOPMENT FUND CORPORATION FACR 7182372017 621 DEGRAW STREET BROOKLYN NY 11217 MICHELLE DE LA UZ Secretary 9142353600 2023-07-12 true MICHELLE DE LA UZ XXX-XX-XXXX true ROB GOLDMAN CPA MBA P00419030 9142353600 X 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 621 DEGRAW STREET BROOKLYN NY 11217 482782 false X NA X 2005 NY THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE 5 APARTMENT BUILDINGS HOUSING QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA. 3 3 0 0 0 449126 477148 14 382 5252 449140 482782 0 0 0 0 0 560467 606951 560467 606951 -111327 -124169 3614864 3553659 4962336 5006558 -1347472 -1452899 THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE 5 APARTMENT BUILDINGS HOUSING QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA. false false 499353 THE ORGANIZATION'S APARTMENT BUILDINGS HAVE A CAPACITY OF 31 RESIDENTIAL APARTMENTSWHICH WERE OCCUPIED DURING THE YEAR. 499353 false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false true false false true 8 0 true 0 false false false false false false false false X 3 3 false true false false false false true true false false false true true true true true true false false false NY X FIFTH AVENUE COMMITTEE INC 7182372017 621 DEGRAW STREET BROOKLYN NY 11217 MICHELLE DE LA UZ Secretary 0.50 34.50 X X 0 233154 10691 JAY MARCUS Treasurer 0.50 34.50 X X 0 133888 35101 DANY CUNNINGHAM President 1.00 0.00 X X 0 0 0 367042 45792 0 false true false 0 0 RENTAL INCOME 531110 477148 477148 477148 382 382 0 0 0 0 0 0 0 REIMBURSEMENTS 531110 5252 5252 5252 482782 482400 382 0 0 0 0 0 0 0 0 0 0 0 8073 8073 7500 7500 0 0 0 0 0 3093 3093 3898 3898 0 0 0 0 0 64534 64534 93345 49381 43964 199915 199915 34123 34123 REPAIRS & MAINTENANCE 65443 65443 WATER & SEWER 42953 42953 GAS - COOKING & HEATING 41189 41189 BAD DEBTS 15929 15929 26956 20009 6947 606951 499353 107598 0 33472 63880 154554 166059 0 7467 17427 0 0 0 0 4277 4361 5944409 2738946 3330611 3205463 0 0 0 0 84483 96469 3614864 3553659 22528 124730 9512 4531 4909685 4856234 20611 21063 4962336 5006558 X -1347472 -1452899 -1347472 -1452899 3614864 3553659 -124169 18742 X false true X false false 431497 431497 5512912 2738946 2773966 3205463 TENANT SECURITY PAYABLE 21063 21063 false false false false false false false false false JAY MARCUS Treasurer 133888 6689 28412 168989 MICHELLE DE LA UZ Secretary 233154 10647 44 243845 Form 990, Part VI, Section A, Line 3 BOOKKEEPING, ACCOUNTING, MANAGEMENT REPORTING, COORDINATE EFFORTS WITH THE OUTSIDE AUDITOR, MAINTAIN THE COMMON ELEMENTS OF THE PROPERTY, MANAGE TENANT ISSUES AND OTHER PROJECTS ON AN AS NEEDED BASIS. Form 990, Part VI, Section A, Line 7b MAJOR DECISIONS ARE DISCUSSED AND VOTED UPON BY BOARD MEMBERS. AT TIMES, THE BOARD MEMBERS SEEK THE OPINIONS OF THE MANAGEMENT COMPANY, LAWYERS, OUTSIDE AUDITOR AND OTHERS IN THE DECISION MAKING PROCESS. Form 990, Part VI, Section A, Line 8b THE ORGANIZATION HAS NOT ESTABLISHED FORMAL SUB COMMITTEES. Form 990, Part VI, Section B, Line 11b THE OUTSIDE AUDITOR PREPARES A DRAFT SET OF TAX RETURNS TO BE REVIEWED BY THE MANAGEMENT COMPANY. CORRECTIONS AND EDITS ARE DISCUSSED AND MADE, IF NECESSARY. AN OFFICER OF THE ORGANIZATION REVIEWS THE TAX RETURNS AS WELL. THE OUTSIDE AUDITOR PREPARES A FINAL SET OF TAX RETURNS FOR SIGNATURE. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION HAS ADOPTED THE CONFLICT OF INTEREST POLICY AS USED BY THE SPONSOR/MANAGER OF THE ORGANIZATION WHICH IS A 501(C)(3). THE DIRECTOR OF FINANCE & IT OF THE MANAGEMENT COMPANY IS RESPONSIBLE FOR FINANCIAL RELATIONSHIPS BETWEEN THE ORGANIZATION AND OTHER ENTITIES. IF A POTENTIAL CONFLICT OF INTEREST ISSUE ARISES, THE DIRECTOR OF FIANNCE & IT FOR FAC ADDRESSES THIS MATTER WITH THE DIRECTOR OF PROPERTY MANAGEMENT FOR RESOLUTION. AT TIMES, THE MANAGEMENT COMPANY CONSULTS WITH THE OUTSIDE AUDITOR ABOUT POTENTIAL CONFLICTS. Form 990, Part VI, Section C, Line 19 UPON REQUEST, THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, POLICIES AND AUDITED FINANCIAL STATEMENTS. FIFTH AVENUE COMMITTEE INC 621 DEGRAW STREET BROOKLYN NY 11217 112475743 ADVANCE ECONOMIC, SOCIAL, RACIAL JUSTICE NY 501(c)(3) ACTIVE N/A false false false false false false false false false false false false false true false false false false false false FIFTH AVENUE COMMITTEE INC m 93345 ACTUAL