2023-10-19T14:30:05-05:00 2023-06-30 921693419 BERDON ADVISORS LLC 360 MADISON AVENUE NEW YORK NY 10017 990 2022-07-01 132677155 SECOND FARMS NEIGHBORHOOD HDFC CO INC C/O MICHAEL J COMERFORD SECO 5162484817 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 REVEREND ERIC CRUZ PRESIDENT 5162484817 2023-10-19 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 1158737 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, AND RELATED ACCESSORY SERVICES. 4 4 0 0 0 0 244165 0 0 0 1117154 1158737 0 0 1361319 1158737 289383 125064 0 0 0 0 0 0 0 52140 66208 341523 191272 1019796 967465 34520514 35461745 2658232 2631998 31862282 32829747 TO ACT AS CO-DEVELOPER, FACILITATE, PARTICIPATE, AND ASSIST THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS, AND RELATED ACCESSORY SERVICES. 0 0 153564 125064 1158737 TO ACT AS CO-DEVELOPER, FACILITATE, PARTICIPATE, AND ASSIST THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS, AND RELATED ACCESSORY SERVICES. 153564 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 1 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 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 1158737 1158737 1158737 1158737 0 0 125064 125064 6000 6000 15500 15500 16200 16200 1000 1000 27500 27500 MISCELLANEOUS EXPENSES 8 8 191272 153564 37708 0 809952 996719 33710562 34465026 34520514 35461745 62734 9000 662590 690090 1932908 1932908 2658232 2631998 X 31862282 32829747 31862282 32829747 34520514 35461745 967465 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 OTHER RECEIVABLE 147 NOTES RECEIVABLE - KENNEDY CHILDREN'S CENTER, INC. 3197810 RESTRICTED CASH 1933981 SELLER NOTE RECEIVABLE - SECOND FARMS AFFORDABLE LLC 15041150 ACCRUED INTEREST RECEIVABLE - SECOND FARMS AFFORDABLE LLC 2443698 NOTE RECEIVABLE - WEST FARMS SQUARE LLC 8080000 ACCRUED INTEREST RECEIVABLE - WEST FARMS SQUARE LLC 3760740 PREPAID EXPENSE 7500 34465026 DUE TO AFFILIATE - WEST FARMS NEIGHBORHOOD HDFC, INC. 1932908 1932908 1 KENNEDY CHILD STUDY CENTER INC 151 EAST 67TH STREET NEW YORK NY 10065 135671639 501(C)(3) 72500 0 FMV - CASH TO FURTHER THE ORGANIZATION'S CHARITABLE AND EDUCATIONAL PURPOSES BY PROVIDING GRANT/ESSENTIAL SERVICES TO THE LOW INCOME CHILDREN OF THE SECOND FARMS NEIGHBORHOOD. SECOND FARMS AFFORDABLE LLC CO ASSOC OF NEW YORK CATHOLIC HOME INC 80 MAIDEN LANE 13TH FLOOR NEW YORK NY 10038 824840199 501(C)(3) 52564 0 FMV - CASH FACILITATE AND ASSIST THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING 1 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 IRS) IS SENT TO THE ORGANIZATION'S LEGAL COUNSEL VIA EMAIL, WHO REVIEWS AND DISCUSSES THE RETURN WITH THE GOVERNING BODY. ANY 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 MANAGING 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 $163,070 FROM NOTES RECEIVABLE - KENNEDY CHILDREN'S CENTER, INC., INTEREST INCOME OF $517,504 FROM SELLER NOTE RECEIVABLE - SECOND FARMS AFFORDABLE LLC, INTEREST INCOME OF $443,608 FROM NOTE RECEIVABLE - WEST FARMS SQUARE LLC, AND INTEREST INCOME FROM RESTRICTED CASH OF $34,555. TOTALING TO $1,158,737. FORM 990, PART XII, LINE 2C: MANAGEMENT AND BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE COMPILATION AND SELECTION OF AN INDEPENDENT ACCOUNTANT. WEST FARMS NEIGHBORHOOD HDFC INC 1122 FRANKLIN AVENUE SUITE 406 GARDEN CITY NY 11530 132677156 REAL ESTATE NY 501(C)(3) EXEMPT N/A 0 KENNEDY CHILD STUDY CENTER INC 151 EAST 67TH STREET NEW YORK NY 10065 135671639 EDUCATION 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 ATTORNEY STREET DEVELOPMENT INC 1122 FRANKLIN AVENUE STE 406 GARDEN CITY NY 11530 464832959 REAL ESTATE NY 501(C)(3) EXEMPT N/A 0 SECOND FARMS AFFORDABLE LLC CO ASSOC OF NEW YORK CATHOLIC HOME INC 80 MAIDEN LANE 13TH FLOOR NEW YORK NY 10038 824840199 REAL ESTATE NY 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 KENNEDY CHILD STUDY CENTER INC S 279594 NOTE RECEIVABLE AND INTEREST RECE KENNEDY CHILD STUDY CENTER INC S 72500 INTEREST RECEIVABLE PAYMENT KENNEDY CHILD STUDY CENTER INC B 72500 GRANT (CASH) SECOND FARMS AFFORDABLE LLC B 52564 GRANT (CASH)