2024-11-08T09:09:49-06:00 2023-12-31 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2023-01-01 261880608 STANTON NORFOLK INC STAN 2124772265 141 NORFOLK ST GROUND FLOOR NEW YORK NY 10002 THOMAS YU PRESIDENT/EXECUTIVE DIRECTOR 2124772265 2024-11-05 1 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2024-11-05 2023 2024-10-15 13:58:12Z THOMAS YU 141 NORFOLK ST GROUND FLOOR NEW YORK NY 10002 4998959 0 X N/A X 2008 NY STANTON NORFOLK INC., ("STANTON") WAS ESTABLISHED TO PROMOTE AFFORDABLE HOUSING BY ASSISTING TENANTS TO OBTAIN AND MAINTAIN QUALIFICATION FOR GOVERNMENT AND PRIVATE HOUSING ASSISTANCE PROGRAMS, ACTING AS LIAISON BETWEEN TENANTS AND BUILDING OWNERS, AND CRAFTING SOLUTIONS TO ALLOW TENANTS WITH FINANCIAL OR OTHER PROBLEMS TO AVOID EVICTION. STANTON MANAGES ALL OF ITS PARENT ORGANIZATION, ASIAN AMERICANS FOR EQUALITY, INC.'S ("AAFE") HOUSING DEVELOPMENTS. CURRENTLY, STANTON OVERSEES IN EXCESS OF 500 AFFORDABLE HOUSING UNITS LOCATED IN LOWER MANHATTAN. AAFE AND ITS LIMITED PARTNERSHIPS HAVE ENTERED INTO SEVERAL PROPERTY MANAGEMENT AGREEMENTS WITH STANTON TO PROVIDE FOR, AMONG OTHER MATTERS, TENANT ASSISTANCE, PROPERTY ADMINISTRATION, RENTAL MANAGEMENT AND REPAIR, AND STAFF SUPERVISION. 4 0 64 0 0 0 510595 0 3971917 4862505 20 21 159387 136433 4641919 4998959 0 0 0 0 3233828 3656123 0 0 0 966720 1082520 4200548 4738643 441371 260316 5562206 5610868 1361964 1150310 4200242 4460558 TO PROMOTE, PRESERVE, MANAGE, AND MAINTAIN AFFORDABLE HOUSING; PROVIDE ASSISTANCE AND SPACE FOR SMALL BUSINESSES THAT BENEFIT THE COMMUNITY; AND TO CO-ORDINATE RELATED TENANT SERVICES. 0 0 3270762 4998938 AFFORDABLE HOUSING: PROMOTION, PRESERVATION, MANAGEMENT, AND MAINTENANCE OF AFFORDABLE HOUSING - INCLUDING COORDINATING TENANT SERVICES. STANTON OVERSEES IN EXCESS OF 900 AFFORDABLE HOUSING UNITS LOCATED IN LOWER MANHATTAN AND QUEENS. 3270762 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 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 X 5 0 1 64 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X THOMAS YU PRESIDENTEXECUTIVE DIRECTOR 2124772265 141 NORFOLK ST GROUND FLOOR NEW YORK NY 10002 HSUEH LAM YAN SECRETARY 24.00 13.00 X X 178281 0 22333 MY T CHANG VP/CHIEF OF STAFF 1.00 37.00 X X 0 139860 8044 HUI-YUAN NELSON CHAN TREASURER 1.00 37.00 X X 0 168900 48163 THOMAS YU PRESIDENT/EXECUTIVE DIRECTOR 3.00 39.00 X X 0 279045 66264 JOY SUZANNE GRANADO CHIEF ACCOUNTING OFFICER 1.00 37.00 X 0 192545 28046 YUN TIN SALLY NG MANAGER, ACCCOUNTANT & CONTROLLER 35.00 1.00 X 120321 0 22570 298602 780350 195420 2 0 1 0 0 PROPERTY MGMT FEES 531390 3514099 3514099 COMMERCIAL RENT 532000 890901 890901 RESTORATION AND REPAIR 531390 396005 396005 LOANS INTEREST INCOME 531390 61500 61500 4862505 21 21 MARKETING INCOME 531390 99000 99000 MISCELLANEOUS 900099 24033 24033 REAL ESTATE TAXES 531390 13400 13400 136433 4998959 4998938 0 21 200612 80245 120367 2619507 2027028 592479 72330 56538 15792 442547 337436 105111 321127 240845 80282 219094 219094 9229 5807 3422 145771 91717 54054 49341 36581 12760 6621 4166 2455 348326 261244 87082 23137 17353 5784 VACANCY LOSS 83554 83554 BAD DEBTS 75640 75640 SURCHARGE FEE 68488 68488 EQUIPMENT RENTAL 32088 24066 8022 21231 19248 1983 4738643 3270762 1467881 0 250 250 1954589 2018418 197162 167291 4509 57186 149993 142586 17763 7407 3387933 3360316 5562206 5610868 427466 408748 934498 741562 1361964 1150310 X 4200242 4460558 4200242 4460558 5562206 5610868 260316 0 X X 0 1 X 1 0 X 10000 485595 510595 1006190 3080209 3193241 3634835 3971917 4862505 18742707 3080209 3203241 4120430 4482512 4862505 19748897 0 0 0 19748897 144 61 20 20 21 266 144 61 20 20 21 266 352388 109980 145239 159387 136433 903427 3432741 3313282 4265689 4641919 4998959 20652590 0.95620 0.95030 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 39,591. 2020 AMOUNT: $ 19,263. 2021 AMOUNT: $ 15,732. 2022 AMOUNT: $ 67,014. MARKETING INCOME - 2019 AMOUNT: $ 278,650. 2020 AMOUNT: $ 71,625. 2021 AMOUNT: $ 40,800. 2022 AMOUNT: $ 55,750. 2023 AMOUNT: $ 99,000. REAL ESTATE TAXES - 2019 AMOUNT: $ 18,104. 2020 AMOUNT: $ 14,165. 2021 AMOUNT: $ 12,965. 2022 AMOUNT: $ 12,817. 2023 AMOUNT: $ 13,400. WATER AND SEWER - 2019 AMOUNT: $ 16,043. 2020 AMOUNT: $ 3,292. 2021 AMOUNT: $ 12,702. 2022 AMOUNT: $ 11,363. LATE FEES - 2020 AMOUNT: $ 557. RETURNED CHECK CHARGES - 2020 AMOUNT: $ 50. 2022 AMOUNT: $ 100. UTILITY INCOME - 2020 AMOUNT: $ 28. 2022 AMOUNT: $ 649. LEGAL CHARGES - 2020 AMOUNT: $ 1,000. BAD DEBTS RECOVERY - 2021 AMOUNT: $ 63,040. 2022 AMOUNT: $ 11,694. MISCELLANEOUS - 2023 AMOUNT: $ 24,033. 149993 142586 7407 7407 DUE FROM AFFILIATES 2835848 RIGHT-OF-USE-ASSETS-OPERATING LEASE 524468 3360316 DEFERRED RENT 18000 DUE TO AFFILIATES 175894 OPERATING LEASE LIABILITIES 547668 741562 X 4915405 -83554 -83554 4998959 0 4998959 4655089 0 4655089 83554 83554 4738643 PART X, LINE 2: STANTON BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: VACANCY LOSS -83,554. PART XII, LINE 4B - OTHER ADJUSTMENTS: VACANCY LOSS 83,554. 0 0 0 0 0 0 0 0 0 THOMAS YU PRESIDENT/EXECUTIVE DIRECTOR 0 279045 0 0 0 0 0 9754 0 56510 0 345309 0 0 JOY SUZANNE GRANADO CHIEF ACCOUNTING OFFICER 0 192545 0 0 0 0 0 7616 0 20430 0 220591 0 0 HUI-YUAN NELSON CHAN TREASURER 0 168900 0 0 0 0 0 6812 0 41351 0 217063 0 0 HSUEH LAM YAN SECRETARY 178281 0 0 0 0 0 6544 0 15789 0 200614 0 0 0 PART I, LINE 3 THE COMPENSATION OF THE PRESIDENT/EXECUTIVE DIRECTOR IS ESTABLISHED BY THE RELATED ENTITY ASIAN AMERICANS FOR EQUALITY, INC. FORM 990, PART V, LINE 2A: THE ORGANIZATION HAD 64 ACTIVE EMPLOYEES DURING 2023. HOWEVER, THE W3 FILED SHOWS 94. THIS IS DUE TO AN ERROR MADE THE PAYROLL COMPANY BY ISSUING BLANK W-2S TO FORMER EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 6 STANTON NORFOLK, INC. IS A MEMBERSHIP ORGANIZATION WITH ASIAN AMERICANS FOR EQUALITY, INC. AS A SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A ASIAN AMERICANS FOR EQUALITY, INC., BEING THE SOLE MEMBER, IS ENTITLED TO APPOINT THE DIRECTORS; PROVIDED, HOWEVER, THAT IN THE EVENT THAT ADDITIONAL PERSONS ARE ACCEPTED AS MEMBERS OF THE CORPORATION PURSUANT TO SECTION 2.2 OF THE ORGANIZATION'S BY-LAWS, THE NUMBER OF DIRECTORS TO BE APPOINTED BY EACH MEMBER MAY BE REAPPORTIONED BY A FAVORABLE ACTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING CORPORATE ACTIONS MAY NOT BE TAKEN WITHOUT THE APPROVAL OF THE MEMBERS: (1) ANY AMENDMENT OF OR CHANGE TO THE CERTIFICATE OF INCORPORATION OR (2) A PETITION FOR JUDICIAL DISSOLUTION; (3) DISPOSING OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS OF THE CORPORATION, (4) APPROVAL OF A PLAN OF MERGER, (5) AUTHORIZATION OF A PLAN OF NON-JUDICIAL DISSOLUTION, OR (6) REVOCATION OF A VOLUNTARY DISSOLUTION PROCEEDING. (7) REMOVE ANY DIRECTOR ANY TIME WITH OR WITHOUT CAUSE BY A VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. AT LEAST 7 DAYS PRIOR TO FILING, THE ORGANIZATION DISTRIBUTES A DRAFT FORM 990 TO THE BOARD FOR REVIEW. FIVE DAYS ARE ALLOWED FOR FEEDBACK, THROUGH THE BOARD TREASURER, BEFORE FORM 990 IS FINALIZED AND FILED WITH THE IRS. A COPY OF THE FILED FORM 990 IS PROVIDED TO THE BOARD FOR THEIR RECORDS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS ARE ISSUED WITH A COPY OF THE ORGANIZATION'S CURRENT CONFLICT OF INTEREST (COI) POLICY UPON APPOINTMENT, AND ANNUALLY THEREAFTER. DIRECTORS AND OFFICERS COMPLETE ANNUAL DECLARATIONS TO EITHER CONFIRM NO CONFLICTS, OR IDENTIFY POSSIBLE AND/OR ACTUAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION USES THE FOLLOWING TO DETERMINE THE COMPENSATION OF ITS TOP MANAGEMENT OFFICIAL: 1) COMPENSATION COMMITTEE; 2) COMPENSATION SURVEY OR STUDY; AND 3)APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST TO ANY BOARD MEMBER OR OFFICER. THESE DOCUMENTS ARE MAINTAINED AT THE ORGANIZATION'S REGISTERED OFFICE. FORM 990, PART XIX, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. 4 NYC HOUSING INC 141 NORFOLK STREET NEW YORK NY 10002 821711103 PROMOTE COMMON GOOD AND WELFARE AND ECONOMIC DEVELOPMENT IN NEW YORK NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 AAFE COMMUNITY DEVELOPMENT FUND INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 134103352 PROVIDES TECHNICAL ASSISTANCE AND AFFORDABLE SECOND MORTAGEGE LOANS NY 501(C)(3) LINE 7 ASIAN AMERICANS FOR EQUALITY INC 0 AAFE FAIR HOUSING CENTER INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 133943782 LEASE OFFICE SPACE IN THE JACKSON HEIGHTS NEIGHBORHOOD OF QUEENS NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 AAFE NEW AMERICANS OPPORTUNITY FUND INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 814698636 PROMOTE COMMON GOOD AND WELFARE AND ECONOMIC DEVELOPMENT IN NEW YORK NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 ASIAN AMERICAN HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 133376278 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 ASIAN AMERICANS FOR EQUALITY INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 133187792 TO ADVANCES THE RIGHTS OF ASIAN AMERICANS AND ALL THOSE IN NEED NY 501(C)(3) LINE 7 N/A 0 BREMOND KING DAVIS HOUSING DEVELOPMENT FUND CORPORATION 108 NORFOLK ST NEW YORK NY 10002 473791580 DEVELOPING A HOUSING PROJECT FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 CHINATOWN PRESERVATION HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 161755393 DEVELOPING AND PRESERVING HOUSING PROJECTS FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 COMMUNITY HOMES HOUSING DEVELOPMENT FUND COMPANY INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 134145926 PROMOTES HOME OWNERSHIP FOR MINORITY AND UNDERSERVED POPULATIONS NY 501(C)(3) LINE 10 ASIAN AMERICANS 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TO QUALIFIED INDIVIDUALS AND BUSINESSES MO 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 810856461 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 MADISON STREET HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 811725502 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 MONTGOMERY HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 462101950 DEVELOPING A HOUSING PROJECT FOR PERSONS OF LOW INCOME NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 ONE FLUSHING HDFC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 814301765 DEVELOPING A HOUSING PROJECT FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 QUEENS HOUSING AND IMMIGRATION CENTER CORPORATION 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 900098029 PROVIDES IMMIGRANT HOUSING AND SOCIAL SERVICES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 133946529 PROVIDES AFFORDABLE LOANS AND TARGETED TECHNICAL ASSISTANCE NY 501(C)(3) LINE 7 ASIAN AMERICANS FOR EQUALITY INC 0 RIVINGTON HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 571230118 DEVELOPING A HOUSING PROJECT FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 CHELSEA APTS HOUSING DEVELOPMMENT FUND CORP 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 320676960 DEVELOPING A HOUSING PROJECT FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 73 LOISAIDA HOUSING DEVELOPMENT FUND CORP 108 NORFOLK ST NEW YORK NY 10002 933417619 PROMOTE COMMON GOOD AND WELFARE AND ECONOMIC DEVELOPMENT IN NEW YORK NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 NORFOLK APARTMENTS LP 141 NORFOLK STREET NEW YORK NY 10002 133952058 PROVIDE LOW-INCOME HOUSING IN NEW YORK CITY NY N/A 0 0 NORFOLK II APARTMENTS LP 141 NORFOLK STREET NEW YORK NY 10002 134185980 PROVIDE LOW-INCOME HOUSING IN NEW YORK CITY NY N/A 0 0 EAST VILLAGE HOMES 302 EAST 2ND STREET NEW YORK NY 10009 834679494 PROVIDE AFFORDABLE RENTAL HOUSING NY N/A 0 0 BREMOND KING DAVIS LLC 108 NORFOLK STREET NEW YORK NY 10002 473857307 PROVIDE AFFORDABLE RENTAL HOUSING NY N/A 0 0 AAFE NEW AMERICAN OPPORTUNITY FUND 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 814698636 PROMOTE COMMON GOOD, WELFARE, AND ECONOMIC DEVELOPMENT IN NY NY N/A C 0 HARMONY 106 CORP 141 NORFOLK STREET NEW YORK NY 10002 474677213 RENOVATION OF FLUSHING, NY PROPERTY NY N/A C 0 ONE FLUSHING NP LLC 141 NORFOLK STREET NEW YORK NY 10002 474487628 RENOVATION OF FLUSHING, NY PROPERTY NY N/A C 0 EAST VILLAGE HOMES MANAGER CORP 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 842532839 HOLDING COMPANY NY N/A C 0 EAST VILLAGE HOUSING DEVELOPMENT FOUND COMPANY INC 2 ALLEN STREET 7TH FLOOR 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