2024-11-05T14:25:37-06:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 50 ROCKEFELLER PLAZA NEW YORK NY 10020 990 2023-01-01 133496091 HIGHBRIDGE COMMUNITY HOUSING DEVELOPMENT FUND CORP HIGH 7182933100 1465 NELSON AVENUE A BRONX NY 10452 KOBINA ARHIN CEO 7182933100 2024-11-04 1 0 AMANDA ADAMS P00748038 2126971000 2024-11-04 2023 2024-10-15 13:58:12Z KOBINA ARHIN 1465 NELSON AVENUE A BRONX NY 10452 10099295 0 X N/A X 1989 NY PROVIDE LOW INCOME HOUSING IN HIGHBRIDGE SECTION OF THE BRONX, NY. 5 5 38 0 0 0 0 0 9682657 9912501 165477 186794 0 0 9848134 10099295 162408 162408 0 0 3314503 3450905 0 0 0 8300731 7824801 11777642 11438114 -1929508 -1338819 37644757 38809184 92055778 94544833 -54411021 -55735649 PROVIDE LOW INCOME HOUSING IN HIGHBRIDGE SECTION OF BRONX, NY. 0 0 9610648 162408 9912501 HCHDFC OPERATED A 722-APARTMENT-UNIT PROJECT FOR HOMELESS, LOW-INCOME, AND MODERATE-INCOME FAMILIES IN THE BRONX, NEW YORK. THE ORGANIZATION ALSO ENGAGED IN THE DEVELOPMENT AND MARKETING OF TWO-FAMILY HOMES AND IS LEASING LAND FOR DEVELOPMENT IN THE BRONX, NEW YORK. 9610648 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 14 0 1 38 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 1 1 1 0 0 0 NY X THE ORGANIZATION 7182933100 1465 NELSON AVENUE A BRONX NY 10452 MSGR DONALD SAKANO PRESIDENT 2.00 4.00 X X 0 0 0 REV MARK CREGAN TREASURER 0.25 0.50 X X 0 0 0 KENNETH P BROWNE DIRECTOR 0.25 0.50 X 0 0 0 REV JOSEPH FRANCO DIRECTOR 0.25 0.50 X 0 0 0 KEN SINGLETON DIRECTOR 0.25 0.50 X 0 0 0 KOBINA ARHIN SVP/CEO 1.00 34.00 X 0 306737 26460 DONNA SMITH CHIEF FINANCIAL OFFICER 1.00 34.00 X 0 49735 3711 0 356472 30171 0 0 1 0 HIGHBRIDGE COMMUNITY DEVELOPMENT CORP 1465 NELSON AVENUE STE A BRONX NY 10452 ADMIN & MANAGEMENT 1090760 1 RENTAL INCOME 531110 9302546 9302546 MAINTENANCE MGMT 531390 484752 484752 125203 125203 9912501 186794 186794 10099295 9912501 0 186794 162408 162408 2309773 1749626 560147 179000 157615 21385 792893 734359 58534 169239 112825 56414 756236 756236 96055 96055 65004 65004 576556 387434 189122 344510 233120 111390 3532349 3532349 6418 6418 646870 646870 382947 382947 971273 971273 SOCIAL SERVICE COSTS 420300 420300 26283 3738 22545 11438114 9610648 1827466 0 649237 834418 496530 500902 560677 324047 19388344 19388344 1336126 1611696 79093395 65894988 12542634 13198407 30100 30100 2641109 2921270 37644757 38809184 1327939 2078341 87291543 87905823 3436296 4560669 92055778 94544833 X -54411021 -55735649 -54411021 -55735649 37644757 38809184 X -1338819 14191 X 0 1 X 1 0 X 244400 244400 8925478 9061720 9433077 9682657 9912501 47015433 8925478 9061720 9677477 9682657 9912501 47259833 0 32816 60173 60949 82834 98335 335107 32816 60173 60949 82834 98335 335107 46924726 165445 194524 165183 165477 186794 877423 165445 194524 165183 165477 186794 877423 9090923 9256244 9842660 9848134 10099295 48137256 0.97480 0.97620 0.01820 0.01870 X 8316557 8316557 60680815 60659394 21421 4857880 1667395 3190485 4040908 3426821 614087 1197235 141378 1055857 13198407 CONSTRUCTION COSTS 137450 DEFERRED LEASE 263600 DUE FROM AFFILIATES 1929852 RESERVE FUND 590368 2921270 TENANT SECURITY DEPOSITS 605641 FINANCED INSURANCE PREMIUM PAYABLE 631568 DUE TO AFFILIATES 3323460 4560669 X 10113486 14191 14191 10099295 0 10099295 11438114 0 11438114 0 11438114 PART X, LINE 2: HIGHBRIDGE HDFC RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES. UNDER THAT GUIDANCE, MANAGEMENT ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. MANAGEMENT EVALUATED THE TAX POSITIONS TAKEN BY HIGHBRIDGE HDFC AND CONCLUDED THAT THEY TOOK NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT RECOVERY 14,191. 1 HIGHBRIDGE COMMUNITY DEVELOPMENT CORP 1465 NELSON AVENUE BRONX NY 10452 133860487 501(C)(3) 162408 0 COMMUNITY DEVELOPMENT 1 PART I, LINE 2: GRANTS ARE PROVIDED TO A RELATED ORGANIZATION WITH COMMON MANAGEMENT, THIS ALLOWS FOR THE MONITORING OF GRANT FUNDS. 0 0 0 0 0 0 0 0 0 KOBINA ARHIN SVP/CEO 0 306737 0 0 0 0 0 26000 0 460 0 333197 0 0 FORM 990, GENERAL: ON BEHALF OF THE CONTROLLED ENTITY ST. FRANCIS HOUSING DEVELOPMENT FUND CORP (EIN: 83-3683495), THE ORGANIZATION IS INCLUDING INFORMATION ABOUT THE FOLLOWING ELECTION MADE DURING TAX YEAR 2023: REGULATION REFERENCE: ELECTION 168(H)(6)(F)(I): PURSUANT TO IRC CODE SECTION 168(H)(6)(F)(I), ST. FRANCIS COMMONS HOUSING MM CORP. AND IT'S TAX EXEMPT PARENT SHALL NOT BE TREATED AS TAX-EXEMPT ENTITIES FOR PURPOSES OF THIS PARAGRAPH AND PARAGRAPH (5), AND PURSUANT TO IRC CODE SECTION 168(H)(6)(F)(II) ANY GAIN RECOGNIZED BY ST. FRANCIS COMMONS HOUSING MM CORP. AND ITS TAX EXEMPT PARENT ON ANY DISPOSITION OF AN INTEREST IN THE ST. FRANCIS COMMONS HOUSING LLC (AND ANY DIVIDEND OR INTEREST RECEIVED OR ACCRUED BY A TAX-EXEMPT ENTITY FROM SUCH TAX-EXEMPT CONTROLLED ENTITY) SHALL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME FOR PURPOSES OF IRC CODE SECTION 511. ANY SUCH ELECTION SHALL BE IRREVOCABLE AND SHALL BIND ALL TAX-EXEMPT ENTITIES HOLDING INTERESTS IN SUCH TAX-EXEMPT CONTROLLED ENTITY. FOR PURPOSES OF SUBCLAUSE (II), THERE SHALL ONLY BE TAKEN INTO ACCOUNT DIVIDENDS WHICH ARE PROPERLY ALLOCABLE TO INCOME OF THE TAX-EXEMPT CONTROLLED ENTITY WHICH WAS NOT SUBJECT TO TAX UNDER THIS CHAPTER. FORM 990, PART VI, SECTION B, LINE 10B THE ORGANIZATION MAINTAINS THE SAME BOARD OF DIRECTORS AS ITS AFFILIATES. THE BOARD MEETS ON A QUARTERLY BASIS TO DISCUSS THE STATUS AND POLICIES OF THE AFFILIATES, WHICH ARE DOCUMENTED IN THE BOARD MINUTES. THE ORGANIZATION DOES NOT HAVE ANY OTHER FORMAL WRITTEN POLICIES AND PROCEDURES GOVERNING THE ACTIVITIES OF AFFILIATES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY BOTH THE CFO AND CEO AND DISCUSSED WITH THE AUDIT & FINANCE COMMITTEE OF THE BOARD BEFORE IT IS FINALIZED AND ISSUED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION SENDS OUT AN ANNUAL QUESTIONNAIRE TO THE BOARD MEMBERS AND STAFF. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATED OFFICERS OF THE ORGANIZATION ARE EMPLOYED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION'S PROCESS FOR DETERMINING COMPENSATION IS PERFORMED BY THE FINANCE COMMITTEE, WHICH REVIEWS AND APPROVES COMPENSATION ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, BUT CERTAIN INFORMATION CAN BE OBTAINED UPON REQUEST AT THE ORGANIZATION'S OFFICES. FORM 990, PART XI, LINE 9: BAD DEBT RECOVERY 14,191. ARTSBRIDGE HDFC 1465 NELSON AVENUE BRONX NY 10452 454823541 LOW INCOME HOUSING NY 501(C)(3) LINE 10 0 EXCELSIOR II HDFC 1465 NELSON AVENUE BRONX NY 10452 472422237 LOW INCOME HOUSING NY 501(C)(3) LINE 10 0 HIGHBRIDGE COMMUNITY DEVELOPMENT CORP 1465 NELSON AVENUE BRONX NY 10452 133860487 APARTMENT BUILDING MANAGEMENT NY 501(C)(3) LINE 10 0 HIGHBRIDGE SENIOR HOUSING DEVELOPMENT 1465 NELSON AVENUE BRONX NY 10452 134094682 LOW INCOME HOUSING NY 501(C)(3) LINE 10 0 HIGHBRIDGE TPT HOUSING DEVELOPMENT FUND 1465 NELSON AVENUE BRONX NY 10452 205262130 LOW INCOME HOUSING NY 501(C)(3) LINE 10 0 HIGHBRIDGE VOICES CORPORATION 1465 NELSON AVENUE BRONX NY 10452 134191062 COMMUNITY AFTER SCHOOL PROGRAM NY 501(C)(3) LINE 10 0 KIPS BAY COMMUNITY ASSOCIATION INC 1465 NELSON AVENUE BRONX NY 10452 753234900 LOW INCOME HOUSING NY 501(C)(3) LINE 10 HIGHBRIDGE COMMUNITY DEVELOPMENT CORP 0 NELSON SENIOR HOUSING DEVELOPMENT FUND C 1465 NELSON AVENUE BRONX NY 10452 134158791 LOW INCOME HOUSING NY 501(C)(3) LINE 10 0 NOSOTROS HOUSING DEVELOPMENT FUND CORP 1465 NELSON AVENUE BRONX NY 10452 133701038 LOW INCOME HOUSING NY 501(C)(3) LINE 10 0 NOSOTROS-SHAKESPEARE HOUSING DEVELOPMENT 1465 NELSON AVENUE BRONX NY 10452 133787490 LOW INCOME HOUSING NY 501(C)(3) LINE 10 0 SHAKESPEARE SENIOR HOUSING DEVELOPMENT 1465 NELSON AVENUE BRONX NY 10452 134154583 LOW INCOME HOUSING NY 501(C)(3) LINE 10 0 ST FRANCIS HOUSING DEVELOPMENT FUND CORP 1465 NELSON AVENUE BRONX NY 10452 833683495 LOW INCOME HOUSING NY 501(C)(3) LINE 10 HIGHBRIDGE COMMUNITY HOUSING DEVELOPMENT FUND CORP 1 UNIVERSITY AVENUE SENIOR HOUSING DEVELOP 1465 NELSON AVENUE BRONX NY 10452 200638650 LOW INCOME HOUSING NY 501(C)(3) LINE 10 0 ST FRANCIS COMMONS HOUSING MM CORP 1465 NELSON AVENUE BRONX NY 10452 861678154 LOW INCOME HOUSING NY N/A C 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0