2023-11-10T13:15:30-06:00 2022-12-31 161451346 FLAHERTY SALMIN LLP 2300 BUFFALO RD BLDG 200 ROCHESTER NY 14624 990 2022-01-01 272382090 MASSACHUSETTS AVENUE HOUSING DEVELOPMENT FUND CORPORATION MASS 7168840356 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 DAWN WELLS-CLYBURN VICE PRESIDENT 7168840356 2023-11-10 1 DAWN WELLS-CLYBURN 999009999 1 DALE ROWLAND CPA P00648479 5852790120 2023-11-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAWN WELLS-CLYBURN 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 102987 0 X N/A X 2010 NY TO PROVIDE HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME, AS DEFINED IN SECTION 2 OF PRIVATE HOUSING FINANCE LAW, WHICH HOUSING ACCOMODATIONS SHALL BE SITUATED AND LOCATED AT/OR NEAR MASSACHUSETTS AVENUE, CITY OF BUFFALO, NEW YORK. 3 3 0 0 0 0 0 34122 67331 68865 0 0 0 0 67331 102987 0 0 0 0 0 0 0 0 0 112396 127988 112396 127988 -45065 -25001 1640533 1617257 1380612 1382337 259921 234920 TO PROVIDE HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME, AS DEFINED IN SECTION 2 OF PRIVATE HOUSING FINANCE LAW, WHICH HOUSING ACCOMODATIONS SHALL BE SITUATED AND LOCATED AT/OR NEAR MASSACHUSETTS AVENUE, CITY OF BUFFALO, NEW YORK. 0 0 127988 68865 THE ORGANIZATION PROVIDED 11 RESIDENTIAL UNITS FOR PERSONS AND FAMILIES OF LOW INCOME, AS DEFINED IN SECTION 2 OF PRIVATE HOUSING FINANCE LAW IN THREE SEPARATE BUILDINGS LOCATED NEAR MASSACHUSETTS AVENUE, CITY OF BUFFALO, NEW YORK. 127988 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 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 1 0 0 0 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 1 0 NY X DAWN WELLS-CLYBURN 7168840356 429 PLYMOUTH AVE STE 1 BUFFALO NY 14213 ROBERT JAHNKE PRESIDENT 2.00 X X 0 0 0 RAMONE ALEXANDER SECRETARY 2.00 X 0 0 0 JIM ANDERSON TREASURER 2.00 X X 0 0 0 RAHWA GHIRMATZION VICE PRESIDENT 2.00 40.00 X 0 97078 0 DAWN WELLS-CLYBURN VICE PRESIDENT 2.00 40.00 X 0 63048 0 0 160126 0 0 0 0 0 0 34122 34122 RENTAL INCOME 531110 68865 68865 68865 102987 68865 0 0 X 6673 6673 8351 8351 228 228 50565 50565 8017 8017 BAD DEBT 17617 17617 REPAIRS AND MAINTENANCE 16961 16961 UTILITIES 12399 12399 SERVICES 3955 3955 3222 3222 127988 127988 0 0 11289 27293 3329 1621 3479 3423 2075309 619061 1506813 1456248 115623 128672 1640533 1617257 331 2056 1375000 1375000 5281 5281 1380612 1382337 X 259921 234920 259921 234920 1640533 1617257 -25001 0 X 0 1 X 0 0 X 34122 34122 63126 68558 59276 67331 68865 327156 63126 68558 59276 67331 102987 361278 0 13015 11351 5865 11988 13774 55993 13015 11351 5865 11988 13774 55993 305285 1 1 1 1 63126 68558 59277 67331 102987 361279 0.84500 0.82460 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2000 2000 1932233 489152 1443081 141076 129909 11167 1456248 TENANT SECURITY DEPOSITS 5281 REPLACEMENT RESERVE 98931 OPERATING RESERVE 22000 DUE FROM RELATED PARTY 2460 128672 TENANT RENT IN TRUST - LIABILITY 5281 5281 68865 0 68865 34122 34122 102987 127988 0 127988 0 127988 PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY CONTRIBUTIONS FROM PEOPLE UNITED FOR SUSTAINABLE HOUSING, INC 34,122. FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH ITS SOLE MEMBER CORPORATION, PEOPLE UNITED FOR SUSTAINABLE HOUSING, INC. (PUSH). THE AGREEMENT PROVIDES FOR A MANAGEMENT FEE OF UP TO 11% OF COLLECTED RENTS FROM THE PROJECT. IT COVERS ADMINISTRATIVE EXPENSES RELATED TO THE PROJECT THAT ARE INCURRED BY PUSH. THE MANAGEMENT FEE CHARGED WAS CALCULATED IN AN AMOUNT OF 11% OF COLLECTED RENTAL INCOME IN 2022. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE SOLE MEMBER CORPORATION IN MASSACHUSETTS AVENUE HOUSING DEVELOPMENT IS PEOPLE UNITED FOR SUSTAINABLE HOUSING, INC. (PUSH). THESE ENTITIES ARE ALSO RELATED THROUGH COMMON BOARD MEMBERS AND PUSH STAFF. THE ORGANIZATION IS GOVERNED BY A THREE-MEMBER BOARD OF DIRECTORS ELECTED BY THE PUSH BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE DRAFT FORM 990 IS REVIEWED IN DETAIL BY THE SOLE MEMBER'S FINANCE COMMITTEE. THE TREASURER OF THE BOARD OF DIRECTORS OVERSEES THE NON ATTEST SERVICES PROVIDED BY THE AUDITORS, INCLUDING PREPARATION OF FORM 990. THE SOLE MEMBER'S AUDIT COMMITTEE REVIEWS ALL REQUIRED SCHEDULES AND COMPARES THE FINANCIAL DATA TO THE AUDITED FINANCIAL STATEMENTS AND UNDERLYING SUPPORTING INFORMATION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS MONITORED BY THE BOARD AND REVIEWED ANNUALLY. CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY A BOARD MEMBER FOR PROPRIETY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15B OFFICERS AND KEY EMPLOYEES ARE NOT COMPENSATED BY THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH THE NY ATTORNEY GENERAL'S WEBSITE. FORM 990, PART IX, LINE 24E PROPERTY TAXES : PROGRAM SERVICE EXPENSES 2,046. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,046. SECURITY MONITORING : PROGRAM SERVICE EXPENSES 1,176. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,176. PEOPLE UNITED FOR SUSTAINABLE HOUSING IN 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 203558447 HOUSING DEVELOPMENT AND OUTREACH PROGRAM NY 501(C)(3) LINE_7_ORGANIZATION_ 0 BUFFALO NEIGHBORHOOD STABILIZATION COMPA 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 270580274 HOUSING DEVELOPMENT MANAGING VACANT PROP NY 501(C)(3) LINE_7_ORGANIZATION_ PEOPLE UNITED FOR SUSTAINABLE HOUSING 0 MASSACHUSETTS AVENUE SUSTAINABLE HOME HOUSING DEVELOPMENT FUND 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 463864309 HOUSING DEVELOPMENT AND OUTREACH PROGRAM NY 501(C)(3) LINE_7_ORGANIZATION_ PEOPLE UNITED FOR SUSTAINABLE HOUSING 0 417 HOUSING DEVELOPMENT FUND COMPANY INC 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 832798323 HOUSING DEVELOPMENT AND OUTREACH PROGRAM NY 501(C)(3) LINE_7_ORGANIZATION_ BUFFALO NEIGHBORHOOD STABILIATION COMPANY 0 S77 LLC 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 813422188 REAL ESTATE RENTAL NY N/A N/A 0 0 S77 MM LLC 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 320501086 REAL ESTATE RENTAL NY N/A C 0 PUSH GRO INC 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 811965501 COMPOST & FLORA NY N/A C 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0