2023-10-19T11:46:49-05:00 2022-12-31 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2022-01-01 134145926 COMMUNITY HOMES HOUSING DEVELOPMENT FUND COMPANY COMM 2129642288 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 THOMAS YU EXECUTIVE DIRECTOR 2129642288 2023-10-13 1 THOMAS YU 999009999 0 MAGDALENA CZERNIAWSKI P00535099 2125038800 2023-10-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS YU 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 4095747 0 X WWW.AAFE.ORG X 2000 NY COMMUNITY HOMES HOUSING DEVELOPMENT FUND COMPANY, INC. ("CHHDFC") WAS ESTABLISHED TO INCREASE AND IMPROVE NEW YORK CITY'S AFFORDABLE HOUSING STOCK WHILE PROMOTING AND ADVANCING HOME OWNERSHIP FOR MINORITY, IMMIGRANT, LOW- AND MODERATE- INCOME, AND UNDERSERVED POPULATIONS. CHHDFC ACQUIRES AND SUBSEQUENTLY REHABILITATES OR BUILDS NEW ONE- TO FOUR- FAMILY HOMES. WITH A STRONG BELIEF IN THE WEALTH-GENERATING EFFECTS ON HOME OWNERSHIP IN COMMUNITIES, CHHDFC THEN SELLS THE HOME IT DEVELOPS TO FAMILIES IN TARGETED POPULATIONS. CHHDFC ALSO HELPS TO PREPARE THESE FAMILIES TO PURCHASE THEIR HOMES THROUGH A SYSTEM OF REFERRALS TO AN AFFILIATE COUNSELING AND TRAINING PROVIDER. 3 0 0 0 0 0 0 0 429803 461304 0 0 1235724 652452 1665527 1113756 0 0 0 0 0 0 0 0 0 852288 696845 852288 696845 813239 416911 14873886 13038441 9055463 6803107 5818423 6235334 COMMUNITY HOMES HOUSING DEVELOPMENT FUND COMPANY, INC. ("CHHDFC") WAS ESTABLISHED TO INCREASE AND IMPROVE NEW YORK CITY'S AFFORDABLE HOUSING STOCK WHILE PROMOTING AND ADVANCING HOME OWNERSHIP FOR MINORITY, IMMIGRANT, LOW- AND MODERATE- INCOME, AND UNDERSERVED POPULATIONS. 0 0 632307 1113756 SINGLE FAMILY HOUSING DEVELOPMENT: RENTAL PROPERTIES OPERATING, REHABILITATION AND SALE IN ACCORDANCE WITH ITS EXEMPT FUNCTION. 632307 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X THOMAS YU EXECUTIVE DIRECTOR 2129642288 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 HSUEH LAM YAN SECRETARY 1.00 37.00 X X 0 163579 13682 NELSON CHAN TREASURER 1.00 37.00 X X 0 142982 43741 JENNIFER SUN CO-EXECUTIVE DIRECTOR (OUTGOING) 1.00 37.00 X X 0 160060 40689 THOMAS YU EXECUTIVE DIRECTOR 5.00 37.00 X X 0 268262 53542 MY T CHANG CHIEF OF STAFF 1.00 37.00 X 0 63837 1921 JOY SUZANNE GRANADO CHIEF ACCOUNTING OFFICER 1.00 37.00 X 0 96262 10776 0 894982 164351 0 0 1 0 0 RENTAL INCOME 532000 287326 287326 LOAN INTEREST INCOME 531390 173978 173978 461304 3628550 2981991 646559 646559 REAL ESTATE TAX 531390 4467 4467 OTHER 531390 1426 1426 5893 1113756 1113756 0 0 X 15598 15598 7906 7906 159952 145208 14744 2680 2680 137904 137904 261560 261560 12217 12217 BAD DEBT 32980 32980 REPAIRS AND MAINTENANCE 28149 19241 8908 MISCELLANOUS 24942 24942 VACANCY LOSS EXPENSES 12707 12707 250 250 696845 632307 64538 0 708083 1837713 21368 7979 6930140 6675860 6364269 3539324 102863 52800 747163 924765 14873886 13038441 71174 48261 2634163 1580577 6350126 5174269 9055463 6803107 X 5818423 6235334 5818423 6235334 14873886 13038441 416911 0 X X 0 1 X 1 0 X 531833 519348 444168 5955563 4089854 11540766 531833 519348 444168 5955563 4089854 11540766 0 0 0 11540766 16265 4975 1112341 1133581 16265 4975 1112341 1133581 8313 13151 6744 19048 5893 53149 556411 537474 1563253 5974611 4095747 12727496 0.90680 0.85230 0.08910 0.12490 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 1,509. 2019 AMOUNT: $ 9,476. 2020 AMOUNT: $ 918. 2021 AMOUNT: $ 1,610. 2022 AMOUNT: $ 1,426. WATER AND SEWER - 2018 AMOUNT: $ 1,457. REFUNDS ON SALES COSTS - LEASE AND LATE FEES - 2018 AMOUNT: $ 1,970. REAL ESTATE TAX - 2018 AMOUNT: $ 3,377. 2019 AMOUNT: $ 1,815. 2020 AMOUNT: $ 4,477. 2021 AMOUNT: $ 4,917. 2022 AMOUNT: $ 4,467. BAD DEBT RECOVERY - 2019 AMOUNT: $ 760. 2020 AMOUNT: $ 1,349. 2021 AMOUNT: $ 12,521. 2022 AMOUNT: $ 0. RESTORATION AND REPAIR - 2019 AMOUNT: $ 1,100. 0 DUE FROM AFFILIATES 836955 TENANT SECURITY DEPOSITS 72068 UTILITY DEPOSIT 2554 ESCROW RECEIVABLE 13188 924765 TENANT SECURITY DEPOSITS 72068 DUE TO AFFILIATES 5102201 5174269 X 1101049 -12707 -12707 1113756 0 1113756 684138 0 684138 12707 12707 696845 PART X, LINE 2: CHHDFC BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: VACANCY LOSS -12,707. PART XII, LINE 4B - OTHER ADJUSTMENTS: VACANCY LOSS 12,707. 0 0 0 0 0 0 0 0 0 THOMAS YU EXECUTIVE DIRECTOR 0 268262 0 0 0 0 0 7008 0 46534 0 321804 0 0 JENNIFER SUN CO-EXECUTIVE DIRECTOR (OUTGOING) 0 160060 0 0 0 0 0 12962 0 27727 0 200749 0 0 NELSON CHAN TREASURER 0 142982 0 0 0 0 0 5197 0 38544 0 186723 0 0 HSUEH LAM YAN SECRETARY 0 163579 0 0 0 0 0 0 0 13682 0 177261 0 0 FORM 990, PART X, LINE 8: AS OF DECEMBER 31, 2022 AND 2021, CHHDFC'S REAL ESTATE HELD FOR RESALE CONSISTED OF THE ACQUISITIONS AND REHABILITATION COST-IN-PROGRESS OF VARIOUS STAGES OF COMPLETION. THESE PROPERTIES HAVE A TOTAL CARRYING VALUE OF $743,278 AS OF BOTH DECEMBER 31, 2022 AND 2021. FORM 990, PART VI, SECTION A, LINE 6 COMMUNITY HOMES HOUSING DEVELOPMENT FUND COMPANY, INC. IS A MEMBERSHIP ORGANIZATION WITH A SOLE MEMBER ASIAN AMERICANS FOR EQUALITY, INC. ("AAFE"), A NEW YORK NOT-FOR-PROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A AAFE IS AS A SOLE MEMBER CAN APPROVE THE BOARD MEMBERS OF THE ORGANIZATION.. AAFE MAY IN ITS SOLE DISCRETION AT ANY TIME INCREASE THE NUMBER OF MEMBERS AND ESTABLISH SUCH CRITERIA FOR MEMBERSHIP AS IT DEEMS APPROPRIATE. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER CAN REMOVE ANY MEMBER OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. AT LEAST 7 DAYS PRIOR TO FILING, THE ORGANIZATION DISTRIBUTES A DRAFT FORM 990 TO THE BOARD FOR REVIEW. FIVE DAYS ARE ALLOWED FOR FEEDBACK, THROUGH THE BOARD TREASURER, BEFORE FORM 990 IS FINALIZED AND FILED WITH THE IRS. A COPY OF THE FILED FORM 990 IS PROVIDED TO THE BOARD FOR THEIR RECORDS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS ARE ISSUED WITH A COPY OF THE CURRENT CONFLICT OF INTEREST POLICY ON APPOINTMENT AND ANNUALLY THEREAFTER DIRECTORS AND OFFICERS COMPLETE ANNUAL DECLARATIONS TO EITHER CONFIRM NO CONFLICTS OR IDENTIFY POSSIBLE AND/OR ACTUAL CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST TO ANY BOARD MEMBER. THESE DOCUMENTS ARE MAINTAINED AT THE ORANIZATION'S REGISTERED OFFICE. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 145,208. MANAGEMENT AND GENERAL EXPENSES 14,744. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 159,952. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. FLUSHING 106 LLC 2 ALLEN STREET NEW YORK NY 10002 823604181 RENOVATION AND SUPPORT OF THE HOUSING DEVELOPMENT RUN BY COMMUNITY HOMES. NY 4051942 COMMUNITY HOMES HOUSING DEVELOPMENT FUND 4 NYC HOUSING INC 141 NORFOLK STREET NEW YORK NY 10002 821711103 PROMOTE COMMON GOOD AND WELFARE AND ECONOMIC DEVELOPMENT IN NEW YORK NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 AAFE COMMUNITY DEVELOPMENT FUND INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 134103352 PROVIDES TECHNICAL ASSISTANCE AND AFFORDABLE SECOND MORTAGEGE LOANS NY 501(C)(3) LINE 7 ASIAN AMERICANS FOR EQUALITY INC 0 AAFE FAIR HOUSING CENTER INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 133943782 LEASE OFFICE SPACE IN THE JACKSON HEIGHTS NEIGHBORHOOD OF QUEENS NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 AAFE NEW AMERICANS OPPORTUNITY FUND INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 814698636 PROMOTE COMMON GOOD AND WELFARE AND ECONOMIC DEVELOPMENT IN NEW YORK NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 ASIAN AMERICAN HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 133376278 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 ASIAN AMERICANS FOR EQUALITY INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 133187792 TO ADVANCES THE RIGHTS OF ASIAN AMERICANS AND ALL THOSE IN NEED NY 501(C)(3) LINE 7 N/A 0 BREMOND KING DAVIS HOUSING DEVELOPMENT FUND CORPORATION 108 NORFOLK ST NEW YORK NY 10002 473791580 PROMOTE COMMON GOOD AND WELFARE AND ECONOMIC DEVELOPMENT IN NEW YORK NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 CHINATOWN PRESERVATION HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 161755393 DEVELOPING AND PRESERVING HOUSING PROJECTS FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 COMMUNITY RENEWAL HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 461578773 REHABILITATING A HOUSING PROJECT FOR PERSONS OF LOW INCOME NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 DOWNTOWN MANHATTAN COMMUNITY DEVELOPMENT 141 NORFOLK STREET NEW YORK NY 10002 133784406 DEVELOPING A HOUSING PROJECT FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 EAST CHINATOWN HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET GROUND FLOOR NEW YORK NY 10002 161755397 PROVIDES LOW-INCOME HOUSING IN NYC & PROMOTES AFFORDABLE HOUSING NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 EL CARIBE HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 811091210 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 HARDESTY RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION PO BOX 22700 KANSAS CITY MO 64113 453190226 PROVIDES FINANCIAL ASSISTANCE TO QUALIFIED INDIVIDUALS AND BUSINESSES MO 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 810856461 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 MADISON STREET HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 811725502 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 MONTGOMERY HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 462101950 DEVELOPING A HOUSING PROJECT FOR PERSONS OF LOW INCOME NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 ONE FLUSHING HDFC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 814301765 DEVELOPING A HOUSING PROJECT FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 QUEENS HOUSING AND IMMIGRATION CENTER CORPORATION 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 900098029 PROVIDES IMMIGRANT HOUSING AND SOCIAL SERVICES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 133946529 PROVIDES AFFORDABLE LOANS AND TARGETED TECHNICAL ASSISTANCE NY 501(C)(3) LINE 7 ASIAN AMERICANS FOR EQUALITY INC 0 RIVINGTON HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 571230118 DEVELOPING A HOUSING PROJECT FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 STANTON NORFOLK INC 141 NORFOLK STREET NEW YORK NY 10002 261880608 MANAGING ALL OF ITS PARENT ORGANIZATION, AAFE'S HOUSING DEVELOPMENTS NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 CHELSEA APTS HOUSING DEVELOPMMENT FUND CORP 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 320676960 DEVELOPING A HOUSING PROJECT FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 NORFOLK APARTMENTS LP 141 NORFOLK STREET NEW YORK NY 10002 133952058 NY N/A 0 0 NORFOLK APARTMENTS II LP 141 NORFOLK STREET NEW YORK NY 10002 134185980 NY N/A 0 0 EAST VILLAGE HOMES 302 EAST 2ND STREET NEW YORK NY 10009 834679494 PROVIDE AFFORDABLE RENTAL HOUSING NY N/A 0 0 ONE FLUSHING NP LLC 141 NORFOLK STREET NEW YORK NY 10002 474487628 CONST/REHAB NYC BLDGS TO PROVIDE AFFORD. RENTAL HOUSING NY N/A C 0 AAFE NEW AMERICAN OPPORTUNITY FUND 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 814698636 PROMOTE COMMON GOOD, WELFARE, AND ECONOMIC DEVELOPMENT IN NY NY N/A C 0 HARMONY 106 CORPORATION 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 474677213 RENOVATE FLUSHING, NY PROPERTY NY COMMUNITY HOMES HOUSING DEVELOPMENT FUND C 1.00000 1 EAST VILLAGE HOMES MANAGER CORP 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 842532839 HOLDING COMPANY NY N/A C 0 EAST VILLAGE HOUSING DEVELOPMENT FOUND COMPANY INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 841971812 HOLDING COMPANY NY N/A C 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 1 1 0 0 0