2023-10-16T15:01:20-05:00 2023-06-30 921693419 BERDON ADVISORS LLC 360 MADISON AVENUE NEW YORK NY 10017 990 2022-07-01 132677156 WEST FARMS NEIGHBORHOOD HDFC INC C/O MICHAEL J COMERFORD WEST 5162484817 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 REVEREND ERIC CRUZ PRESIDENT 5162484817 2023-10-15 1 REVEREND ERIC CRUZ 000000000 1 MARCO SVAGNA P00217291 2128320400 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z REVEREND ERIC CRUZ 1122 FRANKLIN AVENUE STE 406 GARDEN CITY NY 11530 828311 0 X N/A X 1969 NY TO ACT AS CO-DEVELOPER, FACILITATE, PARTICIPATE, AND ASSIST THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS. 4 4 0 0 0 0 0 0 0 0 817034 828311 0 0 817034 828311 0 0 0 0 0 0 0 0 0 84407 96946 84407 96946 732627 731365 25034533 25831226 2551665 2616993 22482868 23214233 TO ACT AS CO-DEVELOPER, FACILITATE, PARTICIPATE, AND ASSIST THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS. 0 0 65328 828311 TO ACT AS CO-DEVELOPER, FACILITATE, PARTICIPATE, AND ASSIST THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS. 65328 1 0 0 0 0 0 0 0 0 0 0 0 0 1 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 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 NY X THE WAVECREST MANAGEMENT TEAM 7184123718 87-14 116TH STREET RICHMOND HILL NY 11418 X MONSIGNOR KEVIN SULLIVAN PRESIDENT / DIRECTOR 3.00 0.00 X X 0 0 0 GEORGE HORTON TREASURER / DIRECTOR 3.00 0.00 X X 0 0 0 REVEREND ERIC CRUZ DIRECTOR 3.00 0.00 X 0 0 0 DAVID BROWN DIRECTOR 3.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 X 828311 828311 828311 828311 0 0 23242 23242 8200 8200 65328 65328 MISCELLANEOUS EXPENSES 176 176 96946 65328 31618 0 915539 1171421 24118994 24659805 25034533 25831226 8000 8000 2543665 2608993 2551665 2616993 X 22482868 23214233 22482868 23214233 25034533 25831226 731365 0 X X 1 X 0 1 0 X X 1 ASSOCIATION OF NEW YORK CATHOLIC HOMES INC 270335937 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 DUE FROM AFFILIATE - SECOND FARMS NEIGHBORHOOD HDFC, INC. 1932908 NOTE RECEIVABLE - WEST FARMS SQUARE LLC 13280000 ACCRUED INTEREST RECEIVABLE - WEST FARMS SQUARE LLC 6768664 OTHER RECEIVABLE 4374 NOTE RECEIVABLE - SECOND FARMS AFFORDABLE LLC 2300158 ACCRUED INTEREST RECEIVABLE - SECOND FARMS AFFORDABLE LLC 373701 24659805 ACCRUED INTEREST PAYABLE - NOTES PAYABLE- ATTORNEY ST. & CLINTON BROOME DEV. 308835 NOTES PAYABLE - FORSYTH ST. ADVISORS, ATTORNEY ST. & CLINTON BROOME DEV. 2300158 2608993 FORM 990, PART VI, SECTION A, LINE 3 THE FOLLOWING MANAGEMENT COMPANY HANDLES THE DAY TO DAY OPERATIONS OF THE ENTITY AND IT WORKS UNDER THE GOVERNING BODY OF THE ORGANIZATION. THE WAVECREST MANAGEMENT TEAM 87-14 116TH STREET RICHMOND HILL, NY 11418 FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE MEMEBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE ABILITY TO SELECT POSITIONS IN THE GOVERNING BODY OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE MAJORITY VOTE OF THE DIRECTORS SHALL BE REQUIRED FOR APPROVAL OF CERTAIN MATTERS AS SET FORTH IN BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B A TENTATIVE DRAFT OF THE FORM 990 (BEFORE IT IS FINALIZED AND SENT TO THE IRS) IS SENT TO THE ORGANIZATION'S LEGAL COUNSEL VIA EMAIL, WHO REVIEWS AND DISCUSSES THE RETURN WITH THE GOVERNING BODY. AND SUGGESTED CHANGES OR COMMENTS AND QUESTIONS ARE THEN DISCUSSED WITH THE CPA BY A CONFERENCE CALL. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR OR TRUSTEE IS REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS IN A BOARD MEETING. IF AN ITEM OF CONFLICT COMES TO SURFACE, THE BOARD DISCUSSES AND VOTES ON IT BEFORE AWARDING ANY CONTRACTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, ETC. ARE MADE AVAILABLE TO PUBLIC UPON REQUEST, THE COPIES OF THESE DOCUMENTS ARE KEPT AT THE MANAGEMENT AGENT'S OFFICE AND ONCE REQUESTED, THE AGENT WILL MAIL SUCH COPIES BY REGULAR MAIL. FORM 990, PART VIII, LINE 3: INVESTMENT INCOME CONSIST OF : INTEREST INCOME OF $749,172 FROM NOTE RECEIVABLE - WEST FARMS SQUARE LLC, AND INTEREST INCOME OF $79,139 FROM NOTE RECEIVABLE - SECOND FARMS AFFORDABLE LLC. TOTALING TO $828,311. FORM 990, PART XII, LINE 2C: MANAGEMENT AND BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE COMPILATION AND SELECTION OF AN INDEPENDENT ACCOUNTANT. SECOND FARMS NEIGHBORHOOD HDFC INC 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 132677155 REAL ESTATE NY 501(C)(3) EXEMPT N/A 0 INSTITUTE FOR HUMAN DEVELOPMENT 80 MAIDEN LANE NEW YORK NY 10038 132572413 DEVELOPMENT NY 501(C)(3) EXEMPT N/A 0 ASSOCIATION OF NEW YORK CATHOLIC HOMES 80 MAIDEN LANE NEW YORK NY 10038 270335937 DEVELOPER NY 501(C)(3) EXEMPT N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0