2023-11-15T16:06:31-06:00 2022-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2022-01-01 113104312 LOS SURES SIP HOUSING DEVELOPMENT FUND CORPORATION LOSS 7183873600 434 SOUTH 5TH STREET BROOKLYN NY 11211 JUAN RAMOS EXECUTIVE DIRECTOR 7183873600 2023-11-15 1 JUAN RAMOS 999009999 1 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JUAN RAMOS 434 SOUTH 5TH STREET BROOKLYN NY 11211 1791277 0 X LOSSURES.ORG X 1991 NY OPERATED A HOUSING PROJECT FOR PERSONS OF LOW INCOME. 15 15 0 0 0 0 225525 173047 1621835 1618120 553 37 34553 73 1882466 1791277 0 0 0 0 0 0 0 0 0 2024835 1980522 2024835 1980522 -142369 -189245 7005211 6742603 11301845 11178482 -4296634 -4435879 LOS SURES SIP HOUSING DEVELOPMENT FUND CORPORATION WAS CEATED TO DEVELOP, REHABILITATE AND OPERATE A HOUSING PROJECT FOR PERSONS OF LOW-INCOME. 0 0 1856138 1618193 HOUSING: THE HOUSING PROJECT CONSISTS OF SIX BUILDING CONTAINING A TOTAL OF ONE HUNDRED AND TWENTY-SEVEN (127) RESIDENTIAL APARTMENTS FOR LOW-INCOME RESIDENT AND CONTAINS 4 COMMERCIAL UNITS. 1856138 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NY X LENETTE BERRIOS 7183873600 434 SOUTH 5TH STREET BROOKLYN NY 11211 ANNETTE ROSADO BOARD MEMBER 0.50 4.50 X 0 0 0 CASSANDRA ACEVEDO SECRETARY 0.50 4.50 X X 0 0 0 DAMARIS REYES BOARD MEMBER 0.50 4.50 X 0 0 0 DAVID LOPEZ CHAIRMAN 0.50 4.50 X X 0 0 0 GLADYS OGANDO BOARD MEMBER 0.50 4.50 X 0 0 0 ISRAEL ROSARIO TREASURER 0.50 4.50 X X 0 0 0 MAISHA MORALES BOARD MEMBER 0.50 4.50 X 0 0 0 MARIA OCASIO BOARD MEMBER 0.50 4.50 X 0 0 0 MARTIN NEEDLEMAN BOARD MEMBER 0.50 4.50 X 0 0 0 RAY NARVAEZ VICE CHAIRMAN 0.50 4.50 X X 0 0 0 RICARDO MOLINA BOARD MEMBER 0.50 4.50 X 0 0 0 WILFREDO VARGAS BOARD MEMBER 0.50 4.50 X 0 0 0 JOE PACHECO BOARD MEMBER 0.50 4.50 X 0 0 0 JIM O'SHEA BOARD MEMBER 0.50 4.50 X 0 0 0 YOWALKZ ROSARIO BOARD MEMBER 0.50 4.50 X 0 0 0 JUAN RAMOS EXECUTIVE DIRECTOR 0.50 40.00 X 0 140848 15855 LENETTE BERRIOS FINANCE DIRECTOR 0.50 40.00 X 0 131594 15855 0 272442 31710 0 0 1 0 0 173047 173047 RENTAL INCOME 531110 1618120 1618120 1618120 37 37 73 73 73 1791277 1618193 0 37 123882 13936 109946 26561 26561 17378 2940 14438 59378 59378 19318 19318 583261 583261 188049 188049 274857 274857 147855 147855 REPAIRS AND MAINTENANCE 443854 443854 BAD DEBTS 63718 63718 LICENSES AND PERMITS FE 32411 32411 1980522 1856138 124384 0 95629 100431 563622 502986 117098 90906 70715 74240 11053607 5099498 6138216 5954109 19931 19931 7005211 6742603 437614 315930 10493491 10467899 370740 394653 11301845 11178482 X -4296634 -4435879 -4296634 -4435879 7005211 6742603 -189245 50000 0 X 0 1 X 1 0 X 600000 225525 173047 998572 1524674 1616230 1635041 1621835 1618120 8015900 1524674 1616230 2235041 1847360 1791167 9014472 0 0 0 9014472 1201 2109 553 37 3900 1201 2109 553 37 3900 5505 19463 17588 34553 73 77182 1530179 1636894 2254738 1882466 1791277 9095554 0.99110 0.98960 0.00040 0.00060 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 5,505. 2019 AMOUNT: $ 19,463. 2020 AMOUNT: $ 17,588. 2021 AMOUNT: $ 34,553. 2022 AMOUNT: $ 73. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10910006 4979933 5930073 143601 119565 24036 5954109 DEFERRED RENT 21383 DUE TO AFFILIATE 270694 TENANT SECURITY DEPOSIT 102576 394653 X 1791277 0 1791277 0 1791277 1980522 0 1980522 0 1980522 PART X, LINE 2: THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (THE "IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT 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. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2019 REMAIN OPEN. 0 0 0 0 0 0 0 0 0 JUAN RAMOS EXECUTIVE DIRECTOR 0 140848 0 0 0 0 0 0 0 15855 0 156703 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE TAX RETURN IS DISCUSSED AND REVIEWED WITH THE ORGANIZATION'S TOP MANAGEMENT AND OFFICERS OF THE BOARD BEFORE A FINAL DRAFT IS APPROVED FOR SUBMISSION. FOR 2021, DUE TO TIME CONSTRAINTS THE BOARD DID NOT GET THE CHANCE TO REVIEW AND APPROVE PRIOR TO SUBMISSION. REVIEW AND APPROVAL PROCESS WILL BE DONE AT THE FOLLOWING BOARD MEETING AFTER SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C OFICERS, DIRECTORS OR TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT SIGNED STATEMENTS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST THE ORGANIZATION MADE AVAILABLE DOCUMENTS. 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