2023-09-27T11:51:00-07:00 2023-06-30 134180553 ROB GOLDMAN CPA MBA PLLC 82 Howard Avenue Eastchester NY 10709 990 2022-07-01 264642733 FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION FACA 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 321980 false X FIFTHAVE.ORG X 2008 NY THE MISSION OF THE ORGANIZATION IS TO OWN, DEVELOP AND OPERATE APARTMENT BUILDINGS FOR QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA. 3 3 0 0 25000 20000 264421 301165 2 50 765 289423 321980 0 0 0 0 0 377735 384029 377735 384029 -88312 -62049 3169877 3180424 4257459 4304017 -1087582 -1123593 THE MISSION OF THE ORGANIZATION IS TO OWN, DEVELOP AND OPERATE APARTMENT BUILDINGS FOR QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA. false false 329247 THE PROPERTIES CONTAIN A TOTAL OF 12 APARTMENTS WHICH WERE LEASED OUT DURING THE YEAR. 329247 false true false false false false false false false true false false true 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 5 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 JESSICA YAGER President 1.00 1.00 X X 0 0 0 DANY CUNNINGHAM Treasurer 0.50 0.00 X X 0 0 0 JAY MARCUS TREASURER 0.50 0.00 0 0 0 233154 10691 0 true true false 0 20000 20000 RENTAL INCOME 533110 301165 301165 301165 50 50 0 0 0 0 0 0 0 RWEIMBURSEMENTS 533110 765 765 765 321980 301930 50 0 0 0 0 0 0 0 0 0 0 0 456 456 7500 7500 0 0 0 0 0 0 0 0 0 0 0 0 87285 87285 49712 30425 19287 123833 123833 19563 19563 REPAIRS & MAINTENANCE 28448 28448 SECURITY SERVICE 20156 20156 GAS - COOKING & HEATING 16869 16869 ELECTRICITY 9258 9258 20949 12973 7976 384029 329247 54782 0 20653 32508 0 0 8645 6598 0 0 0 0 20263 0 3708033 1029472 2761140 2678561 0 0 0 29458 26185 329718 436572 3169877 3180424 28829 14095 1386 6148 3119663 3087404 1107581 1196370 4257459 4304017 X -1087582 -1123593 -1087582 -1123593 3169877 3180424 -62049 26038 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6001 6001 3702032 1029472 2672560 2678561 DEFERRED RENT RECEIVABLE 31226 DEVELOPMENT COSTS 321117 MORTGAGE ESCROW ACCOUNT 28910 RESERVE FUNDS 22021 TENANT SECURITY DEPOSIT 33298 436572 DUE TO 130 29TH STREET HDFC 24652 DUE TO FIFTH AVENUE COMMITTEE INC 1138420 TENANT SECURITY PAYABLE 33298 1196370 false false false false false false false false false MICHELLE DE LA UZ Secretary 233154 10647 44 243845 Form 990, Part VI, Section A, Line 1a THE BOARD SETS UP ADHOC COMMITTEES AS THEY ARE NEEDED. 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. THE MANAGEMENT COMPANY MAILS OUT THE SIGNED TAX RETURNS TO THE APPROPRIATE GOVERNMENT AGENCIES. 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 FINANCE & 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 SOCIAL, ECONOMIC, RACIAL JUSTICE NY 501(c)(3) ACTIVE N/A false 130 29TH STREET HDFC 621 DEGRAW STREET BROOKLYN NY 11217 204732803 PROVIDER OF LOW INCOME HOUSING NY 501(C)(4) N/A false false false false false true false false false false false false false true false false false false false false FIFTH AVENUE COMMITTEE INC m 49712 ACTUAL 130 29TH STREET HDFC e 24652 ACTUAL