2023-09-27T11:49:35-07:00 2023-06-30 134180553 ROB GOLDMAN CPA MBA PLLC 82 Howard Avenue Eastchester NY 10709 990 2022-07-01 470919280 FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION FACP 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 426785 false X NA X 2003 NY THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE FIVE APARTMENT BUILDINGS TO QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA. 3 3 0 0 75000 48000 398029 372712 59 119 931 5954 474019 426785 0 0 0 0 0 568819 569248 568819 569248 -94800 -142463 3463972 3448424 5262280 5389195 -1798308 -1940771 THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE FIVE APARTMENT BUILDINGS TO QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA. false false 462785 THE ORGANIZATION'S APARTMENT BUILDINGS CONTAIN 26 APARTMENTS AND WERE OCCUPPIED DURING THE YEAR. 462785 false true false false false false false false false true false false false 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 11 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 false 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 JAY MARCUS Treasurer 0.50 34.50 X X 0 133888 35101 DANY CUNNINGHAM President 1.00 0.00 X X 0 0 0 367042 45792 0 false true false 0 48000 48000 RENTAL INCOME 531110 372712 372712 372712 119 119 0 0 0 0 0 0 0 REIMBURSEMENTS 531110 5954 5954 5954 426785 378666 119 0 0 0 0 0 0 0 0 0 0 0 9639 9639 7500 7500 0 0 0 0 0 2234 2234 713 713 0 0 0 0 0 89838 89838 75583 36524 39059 198311 198311 39296 39296 REPAIRS & MAINTENANCE 43971 43971 GAS - COOKING & HEATING 39983 39983 WATER & SEWER 37946 37946 ELECTRICITY 10014 10014 14220 6198 8022 569248 462785 106463 0 14311 86811 0 0 36254 28808 0 0 0 0 4380 4988 5793399 2636124 3267744 3157275 0 0 0 4766 23204 136517 147338 3463972 3448424 42765 155920 2205 53126 5180095 5145019 37215 35130 5262280 5389195 X -1798308 -1940771 -1798308 -1940771 3463972 3448424 -142463 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 456563 456563 5336836 2636124 2700712 3157275 TENANT SECURITY PAYABLE 35130 35130 false false false false false false false false false JAY MARCUS Treasurer 133888 6689 28412 168989 MICHELLE DE LA UZ Secretary 233154 10647 44 243845 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 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 AGENCY. 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 ECONOMIC, SOCIAL, RACIAL JUSTICE NY 501(c)(3) ACTIVE N/A false false false false false false false false false false false false false true false false false false false false FIFTH AVENUE COMMITTEE INC m 75583 ACTUAL