2023-11-14T11:14:40-06:00 2022-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2022-01-01 113294777 CYPRESS WEST HOUSING DEVELOPMENT FUND CORPORATION CYPR 7186472800 625 JAMAICA AVE BROOKLYN NY 11208 MICHELLE NEUGEBAUER CEO 7186472800 2023-11-13 1 MICHELLE NEUGEBAUER 999009999 0 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2023-11-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHELLE NEUGEBAUER 625 JAMAICA AVE BROOKLYN NY 11208 370649 0 X N/A X 1996 NY TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR PERSONS AND FAMILIES OF LOW INCOME IN BROOKLYN, NEW YORK. 9 8 0 8 0 0 0 0 373142 368087 2284 2494 197 68 375623 370649 0 0 0 0 0 0 0 0 0 513374 511144 513374 511144 -137751 -140495 1822949 1734313 2767571 2819430 -944622 -1085117 TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR PERSONS AND FAMILIES OF LOW INCOME IN BROOKLYN, NEW YOK. 0 0 495280 368155 AFFORDABLE HOUSING PROGRAM THAT PROVIDES 39 RESIDENTIAL UNITS FOR RENT TO PERSONS AND FAMILIES OF LOW INCOME IN BROOKLYN, NEW YORK. 495280 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X GAUDI POLANCO-MENDOZA 7186472800 625 JAMAICA AVE BROOKLYN NY 11208 HAROLD GREEN SECRETARY 1.00 2.00 X X 0 0 0 IVELISSE GONZALEZ MEMBER 0.50 1.00 X 0 0 0 MARISOL QUINONES TREASURER 1.00 2.00 X X 0 0 0 MARK MIGLIACCI MEMBER 0.50 1.00 X 0 0 0 MELODYE HARVEY MEMBER 0.50 1.00 X 0 0 0 MICHELLE D NEUGEBAUER EXECUTIVE DIRECTOR 0.50 35.00 X X 0 180576 22514 MIRIAN RODRIGUEZ VICE PRESIDENT 1.00 2.00 X X 0 0 0 RD GENTZLER MEMBER 0.50 1.00 X 0 0 0 SYLVIA STOVALL PRESIDENT 1.00 2.00 X X 0 0 0 GAUDI POLANCO-MENDOZA CFO 0.50 35.00 X 0 149116 8875 0 329692 31389 0 0 1 0 0 RENTAL INCOME 531110 368087 368087 368087 2494 2494 68 68 68 370649 368155 0 2494 20842 20842 1514 1514 8700 8700 5650 5650 29942 29942 145507 145507 3282 3282 93667 93667 47810 47810 REPAIRS & MAINTENANCE 113826 113826 BAD DEBTS 38312 38312 2092 2092 511144 495280 15864 0 43896 16782 37077 39255 37745 41695 2572096 1249325 1392381 1322771 311850 313810 1822949 1734313 55594 109743 2421 1305 17943 18269 2691513 2684565 100 5548 2767571 2819430 X -944622 -1085117 -944622 -1085117 1822949 1734313 -140495 0 X 0 1 X 1 0 X 368642 373509 357962 373142 368087 1841342 368642 373509 357962 373142 368087 1841342 0 0 0 1841342 4064 4371 2883 2284 2494 16096 4064 4371 2883 2284 2494 16096 1230 18300 7285 197 68 27080 373936 396180 368130 375623 370649 1884518 0.97710 0.97640 0.00850 0.00910 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 1,230. 2019 AMOUNT: $ 18,300. 2020 AMOUNT: $ 7,285. 2021 AMOUNT: $ 197. 2022 AMOUNT: $ 68. 0 1 X 1800 1800 2515296 1212283 1303013 38324 37042 1282 16676 16676 1322771 OTHER ASSETS 1261 TENANT SECURITY DEPOSITS 18269 DUE FROM AFFILIATES 18937 OTHER RESERVES 78070 REPLACEMENT RESERVE 197273 313810 DUE TO AFFILIATE 5548 5548 X 370649 0 370649 0 370649 511144 0 511144 0 511144 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS SECURITY DEPOSITS AS REQUIRED BY STATE LAW. PART X, LINE 2: THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (''IRS'') TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUAL TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2022. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. THE CORPORATION'S POLICY IS TO INCLUDE ANY PENALTIES AND INTEREST ACCESSED BY TAXING AUTHORITIES WITH EXCISE TAX EXPENSE. THE CORPORATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO AUDIT BY THE IRS FOR THE PRIOR THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2019 REMAIN OPEN. 0 0 0 0 0 0 0 0 0 MICHELLE D NEUGEBAUER EXECUTIVE DIRECTOR 0 180576 0 0 0 0 0 6800 0 15714 0 203090 0 0 GAUDI POLANCO-MENDOZA CFO 0 149116 0 0 0 0 0 5800 0 3075 0 157991 0 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE 990 TO OBTAIN AN UNDERSTANDING OF THE REPORTING REQUIREMENTS AND TO ENSURE IT IS ACCURATE AND COMPLETE. SUBSEQUENTLY, A COPY OF THE DRAFT 990 IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW. THE FINANCE COMMITTEE WILL MEET WITH THE MANAGEMENT TO DISCUSS THE 990 AND RESOLVE ANY QUESTIONS THAT MAY ARISE. THE DRAFT 990 WIL THEN BE DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. UPON APPROVAL FROM THE BOARD OF DIRECTORS THE 990 WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS AND EMPLOYEES REPORT ANNUALLY IF A CONFLICT APPEARS TO EXIST, MANAGEMENT AND THE BOARD WILL MEET WITH THE INDIVIDUAL TO OBTAIN ALL FACTS. SUBSEQUENTLY, A VOTE WILL ENSURE IF THE MATTER IS INDEED A CONFLICT OF INTEREST. IF IT IS FOUND TO BE A CONFLICT OF INTEREST, THE INDIVIDUAL WITH THE CONFLICT OF INTEREST MUST REFRAIN FROM PARTICIPATING IN THE DELIBERATION AND DECISION MAKING CONCERNING THE MATTER THAT GAVE RISE TO THE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ARLINGTON APARTMENTS HDFC 625 JAMAICA AVENUE BROOKLYN NY 11208 113166122 HOUSING NY 501(C)(3) LINE 10 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 0 CYPRESS HILL LOCAL DEVELOPMENT CORP 625 JAMAICA AVENUE BROOKLYN NY 11208 112683663 HOUSING NY 501(C)(3) LINE 7 N/A 0 CYPRESS HOMES HDFC 625 JAMAICA AVENUE BROOKLYN NY 11208 113440887 HOUSING NY 501(C)(3) LINE 10 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 0 PITKIN BERRIMAN HOUSING DEVELOPMENT FUND CORPORATION 625 JAMAICA AVENUE BROOKLYN NY 11208 451263315 HOUSING NY 501(C)(3) LINE 10 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 0 CYPRESS VILLAGE LP 625 JAMAICA AVENUE BROOKLYN NY 11028 453677180 AFFORDABLE HOUSING NY N/A 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0