2023-10-02T10:16:47-05:00 2022-12-31 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2022-01-01 811091210 EL CARIBE HOUSING DEVELOPMENT FUND COMPANY INC ELCA 2129642288 141 NORFOLK STREET NEW YORK NY 10002 THOMAS YU EXECUTIVE DIRECTOR 2129642288 2023-09-21 1 THOMAS YU 999009999 0 MAGDALENA CZERNIAWSKI P00535099 2125038800 2023-09-21 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS YU 141 NORFOLK STREET NEW YORK NY 10002 682601 0 X N/A X 2016 NY ACQUIRES, PRESERVES, AND OPERATES AFFORDABLE RENTAL HOUSINGFOR LOW TO MEDIAN INCOME FAMILIES 3 0 0 0 0 0 0 0 609826 647497 12414 17315 48111 17789 670351 682601 0 0 0 0 0 0 0 0 0 712553 720262 712553 720262 -42202 -37661 3860634 3827707 3066765 3071499 793869 756208 TO ACQUIRE, PRESERVE, AND OPERATE AFFORDABLE (RENTAL) HOUSING FOR LOW TO MEDIAN INCOME FAMILIES. 0 0 656626 655456 OPERATES LOW-INCOME PROJECT CONSISTING OF 49 RESIDENTIAL RENTAL DWELLING UNITS AND 6 COMMERCIAL UNITS LOCATED IN NEW YORK, NY. 656626 1 0 0 0 0 0 0 0 0 0 1 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 0 1 0 0 0 1 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 141 NORFOLK STREET NEW YORK NY 10002 JENNIFER SUN CO-EXECUTIVE DIRECTOR (OUTGOING) 1.00 37.00 X X 0 160060 40689 THOMAS YU CO-EXECUTIVE DIRECTOR 1.00 37.00 X X 0 268262 53087 HSUEN YAN SECRETARY 1.00 37.00 X 0 163579 13682 JOY SUZANNE GRANADO CHIEF ACCOUNTING OFFICER 1.00 37.00 X 0 96262 10776 NELSON CHAN TEASURER 1.00 37.00 X 0 142982 43741 MY T CHANG CHIEF OF STAFF 1.00 37.00 X 0 63837 1921 0 894982 163896 0 0 1 0 0 RENTAL INCOME 531110 636854 636854 BAD DEBT RECOVERY 531110 10643 10643 647497 17315 17315 LOCKSMITH, REPAIRS, 900099 9830 9830 REFUND OF REAL ESTATE 900099 6531 6531 OTHER INCOME 900099 1428 1428 17789 682601 655456 0 27145 177744 136049 41695 3324 3324 13650 13650 1314 1314 201799 201799 9090 9090 80645 80645 47173 47173 DEVELOPMENT SERVICE FEE 49000 49000 REPAIRS AND MAINTENANCE 47747 47747 OTHER EXPENSES 46467 46467 VACANCY LOSS EXPENSE 23556 23556 18753 10462 8291 720262 656626 63636 0 433881 419046 30997 44787 35736 26801 2176426 523968 1703050 1652458 1656970 1684615 3860634 3827707 38477 45259 2973528 2973528 54760 52712 3066765 3071499 X 793869 756208 793869 756208 3860634 3827707 -37661 0 X X 0 1 X 1 0 X 551632 545032 595559 609826 647497 2949546 551632 545032 595559 609826 647497 2949546 0 0 0 2949546 23540 25422 19132 12414 17315 97823 23540 25422 19132 12414 17315 97823 128235 67418 10579 48111 17789 272132 703407 637872 625270 670351 682601 3319501 0.88860 0.88180 0.02950 0.03110 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 128,235. 2019 AMOUNT: $ 67,418. 2020 AMOUNT: $ 4,340. 2021 AMOUNT: $ 26,452. 2022 AMOUNT: $ 1,428. LOCKSMITH REPAIRS WATER - 2020 AMOUNT: $ 1,300. 2021 AMOUNT: $ 11,728. 2022 AMOUNT: $ 9,830. REFUND OF REAL ESTATE TAX - 2020 AMOUNT: $ 4,939. 2021 AMOUNT: $ 6,065. 2022 AMOUNT: $ 6,531. BAD DEBT RECOVERY - 2021 AMOUNT: $ 3,866. 5 5 2152183 506881 1645302 24238 17087 7151 1652458 TENANTS' SECURITY DEPOSTIS 43738 RESTRICTED RESERVES 1640877 1684615 TENANTS' SECURITY DEPOSITS PAYABLE 43738 DUE TO AFFILIATES 8974 52712 X 659045 -23556 -23556 682601 0 682601 696706 0 696706 23556 23556 720262 PART X, LINE 2: THE COMPANY BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: VACANCY LOSS -23,556. PART XII, LINE 4B - OTHER ADJUSTMENTS: VACANCY LOSS 23,556. 0 0 0 0 0 0 0 0 0 THOMAS YU CO-EXECUTIVE DIRECTOR 0 268262 0 0 0 0 0 7008 0 46079 0 321349 0 0 JENNIFER SUN CO-EXECUTIVE DIRECTOR (OUTGOING) 0 160060 0 0 0 0 0 12962 0 27727 0 200749 0 0 NELSON CHAN TEASURER 0 142982 0 0 0 0 0 5197 0 38544 0 186723 0 0 HSUEN YAN SECRETARY 0 163579 0 0 0 0 0 0 0 13682 0 177261 0 0 FORM 990, PART VI, SECTION A, LINE 6 ASIAN AMERICANS FOR EQUALITY, INC. ("AAFE") IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A ASIAN AMERICANS FOR EQUALITY, INC., AS THE SOLE MEMBER OF THE ORGANIZATION, HAS THE RIGHT TO APPOINT A MAJORITY OF THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING CORPORATE ACTIONS MAY NOT BE TAKEN WITHOUT THE APPROVAL OF THE SOLE MEMBER: (A) A MAJORITY OF THE VOTES CAST AT A MEETING OF THE SOLE MEMBER IS REQUIRED FOR (1) ANY AMENDMENT OF OR CHANGE TO THE CERTIFICATE OF INCORPORATION OR (2) A PETITION FOR JUDICIAL DISSOLUTION; (B) TWO-THIRDS OF THE VOTES CAST AT A MEETING OF THE SOLE MEMBER IS REQUIRED FOR (1) DISPOSING OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS OF THE CORPORATION, (2) APPROVAL OF A PLAN OF MERGER, (3) AUTHORIZATION OF A PLAN OF NON-JUDICIAL DISSOLUTION, OR (4) REVOCATION OF A VOLUNTARY DISSOLUTION PROCEEDING. PROVIDED, HOWEVER, THAT THE AFFIRMATIVE VOTES CAST IN FAVOR OF ANY SUCH ACTION SHALL BE AT LEAST EQUAL TO THE MINIMUM NUMBER OF VOTES NECESSARY TO CONSTITUTE A QUORUM. FURTHER, THE MEMBER CAN ALSO REMOVE ANY DIRECTOR ANY TIME WITH OR WITHOUT CAUSE BY A VOTE. 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 ORGANIZATION'S CURRENT CONFLICT OF INTEREST (COI) POLICY UPON 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 OR OFFICER. THESE DOCUMENTS ARE MAINTAINED AT THE ORGANIZATION'S REGISTERED OFFICE. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM PRIOR YEAR. 4 NYC HOUSING INC 2 ALLEN STREET 7TH FLOOR 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 DEVELOPING AND PRESERVING HOUSING PROJECTS FOR LOW INCOME FAMILIES 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 HOMES HOUSING DEVELOPMENT FUND COMPANY INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 134145926 PROMOTES HOME OWNERSHIP FOR MINORITY AND UNDERSERVED POPULATIONS 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 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 LIMITED PARTNERSHIP 141 NORFOLK STREET NEW YORK NY 10002 133952058 PROVIDE AFFORDABLE RENTAL HOUSING NY N/A 0 0 NORFOLK APARTMENTS II LIMITED PARTNERSHIP 141 NORFOLK STREET NEW YORK NY 10002 134185980 PROVIDE AFFORDABLE RENTAL HOUSING 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 HARMONY 106 CORP 2 ALLEN STREET NEW YORK NY 10002 474677213 RENOVATION OF FLUSHING, NY PROPERTY NY N/A C 0 ONE FLUSHING NP LLC 2 ALLEN STREET NEW YORK NY 10002 474487628 RENOVATION OF FLUSHING, NY PROPERTY NY N/A C 0 AAFE NEW AMERICAN OPPORTUNITY FUND INC 2 ALLEN STREET NEW YORK NY 10002 814698636 PROMOTE COMMON GOOD, WELFARE, AND ECONOMIC DEVELOPMENT IN NEW YORK NY N/A C 0 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 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0