2024-05-13T21:12:26-05:00 2023-06-30 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2022-07-01 384028626 HABITAT FOR HUMANITY NYC FUND INC HABI 2129914000 111 JOHN STREET SUITE 770 NEW YORK NY 10038 STEVEN GOLDGRAB CFO 6467798860 2024-05-13 1 STEVEN GOLDGRAB 999009999 0 FREDERICK E DAVIS JR P00446023 2127094500 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HABITAT FOR HUMANITY COMMUNITY FUND MATTHEW DUNBAR 111 JOHN STREET SUITE 770 NEW YORK NY 10038 892158 0 X WWW.HABITATNYCWC.ORG X 2017 NY TO PROMOTE COMMUNITY DEVELOPMENT AND HOMEOWNERSHIP AND TO EXPAND THE AVAILABILITY OF AFFORDABLE HOUSING BY PROVIDING FINANCING AND TECHNICAL ASSISTANCE AND OTHER EDUCATIONAL AND DEVELOPMENT SERVICES. 10 10 0 10 0 0 333412 587014 259961 290059 0 0 20020 15085 613393 892158 0 0 0 0 317295 410905 0 0 0 130887 277612 448182 688517 165211 203641 5047221 5645528 1268404 1663070 3778817 3982458 X TO PROMOTE COMMUNITY DEVELOPMENT AND HOMEOWNERSHIP AND TO EXPAND THE AVAILABILITY OF AFFORDABLE HOUSING BY PROVIDING FINANCING AND TECHNICAL ASSISTANCE AND OTHER EDUCATIONAL AND DEVELOPMENT SERVICES. 0 0 437548 0 305144 THE HABITAT NYC COMMUNITY FUND (THE "FUND") IS A CDFI-CERTIFIED REVOLVING LOAN FUND THAT PROVIDES ACCESS TO AFFORDABLE, FLEXIBLE FINANCING TO THOSE WHO NEED IT MOST AND ARE MOST FREQUENTLY DENIED IT, LIKE RESIDENT-OWNED AFFORDABLE HOUSING DEVELOPMENTS AND NON-PROFIT AFFORDABLE HOUSING DEVELOPERS. A LOAN FROM THE FUND CAN HELP EXISTING AFFORDABLE HOUSING DEVELOPMENTS MAKE CAPITAL REPAIRS, PAY OFF FINES AND LIENS, STABILIZE OVERALL FINANCES AND POTENTIALLY UNLOCK ADDITIONAL CAPITAL FROM OTHER, OFTEN PUBLIC, SOURCES. THE FUND ALSO LENDS CAPITAL TO NOT-FOR-PROFIT AFFORDABLE HOUSING DEVELOPERS, INCLUDING HABITAT FOR HUMANITY AFFILIATES ACROSS NEW YORK STATE, WHO MAY OTHERWISE BE UNABLE TO ACCESS THE TYPE OF CAPITAL THEY NEED THROUGH THE TRADITIONAL LOAN PROCESS. WITH AFFORDABLE CREDIT, THESE DEVELOPERS MAKE GREAT CHANGES WITHIN THEIR COMMUNITIES, BUILDING AND PRESERVING MORE HOUSING ACROSS THE STATE. TO-DATE, WE'VE CLOSED ON A TOTAL OF 20 LOANS, LENT A TOTAL OF $4.7MM AND BUILT OR PRESERVED 723 UNITS OF HOUSING. 437548 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 NY X STEVEN GOLDGRAB 6467798860 111 JOHN STREET SUITE 770 NEW YORK NY 100383109 BRAIN HSU CHAIR 1.00 0.00 X X 0 0 0 AMIR KIRKWOOD BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTINE MCGUINNESS BOARD MEMBER 1.00 4.00 X 0 0 0 MARY ROBINSON BOARD MEMBER 1.00 0.00 X 0 0 0 ALEXA SEWELL BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTIE PEELE BOARD MEMBER 1.00 0.00 X 0 0 0 MARIAN ZUCKER BOARD MEMBER 1.00 0.00 X 0 0 0 FATHER STEPHEN MIMNAUGH OFM BOARD MEMBER 1.00 0.00 X X 0 0 0 MARK STREB BOARD MEMBER 1.00 0.00 X 0 0 0 TIBITA KANEENE BOARD MEMBER 1.00 0.00 X 0 0 0 KAREN HAYCOX SECRETARY/PRESIDENT 1.00 34.00 X 0 292490 16814 ALEXANDER HAVRILIAK TREASURER/CFO UNTIL JUNE 2023 1.00 34.00 X 0 253213 32660 STEVEN GOLDGRAB VP, FINANCE & ADMINISTRATION 5.00 30.00 X 0 132720 26538 0 678423 76012 0 0 1 0 0 500000 87014 587014 MORTGAGE DISC. AMORTIZ 531390 210333 210333 LOANS EARNED INT. INCO 531390 79726 79726 290059 OTHER MISC. INCOME 900099 15085 15085 15085 892158 305144 0 0 64549 54867 9682 246552 210223 36329 5551 5551 71242 71242 23011 7003 16008 1085 1085 39025 29286 9739 559 559 13313 6202 7111 5000 4250 750 2475 2104 371 39 39 513 513 15208 15208 1406 406 1000 BAD DEBT 140817 140817 LOAN LOSS RESERVE 43830 43830 LOAN COMMITMENT FEES 12500 12500 CLOSING COSTS 619 619 1223 947 276 688517 437548 250969 0 1998886 1711162 100000 500000 16253 7428 2932082 3401814 0 25124 5047221 5645528 4060 13955 40000 0 694344 1149115 500000 500000 30000 0 1268404 1663070 X 3778817 3982458 3778817 3982458 5047221 5645528 203641 0 X 0 1 X 1 0 X 150000 400000 415911 333412 587014 1886337 150000 400000 415911 333412 587014 1886337 1886337 21384 20750 16723 20020 15085 93962 1980299 1243619 0.95260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 MORTGAGES RECEIVABLE 1416364 F LOANS RECEIVABLE 1985450 F 3401814 X 909223 17065 17065 892158 0 892158 705582 17065 17065 688517 0 688517 PART X, LINE 2: MANAGEMENT EVALUATED HABITAT FOR HUMANITY NYC FUND, INC.'S (THE FUND) TAX POSITIONS AND CONCLUDED THAT, AS OF JUNE 30, 2023, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN. ACCORDINGLY, NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS HAVE BEEN ACCRUED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FUND IS SUBJECT TO AUDITS BY TAXING JURISDICTIONS; HOWEVER, NO AUDITS FOR ANY TAX PERIODS ARE CURRENTLY IN PROGRESS. MANAGEMENT BELIEVES THAT THE FUND IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEAR ENDED ON OR PRIOR TO JUNE 30, 2019. 0 0 0 0 0 0 0 0 0 KAREN HAYCOX SECRETARY/PRESIDENT 0 264990 0 27500 0 0 0 0 0 16814 0 309304 0 0 ALEXANDER HAVRILIAK TREASURER/CFO UNTIL JUNE 2023 0 228213 0 25000 0 0 0 0 0 32660 0 285873 0 0 STEVEN GOLDGRAB VP, FINANCE & ADMINISTRATION 0 132720 0 0 0 0 0 0 0 26538 0 159258 0 0 PART I, LINE 3 THE FILING ORGANIZATION DOES NOT COMPENSATE ANY OFFICER, DIRECTOR OR TRUSTEE. THE TOP OFFICIAL MANAGEMENT TEAM WAS COMPENSATED BY THE RELATED ORGANIZATION - HABITAT FOR HUMANITY NEW YORK CITY AND WESTCHESTER COUNTY, INC. (EIN: 11-2857055). THE FILING ORGANIZATION HAS ADOPTED THE POLICY FROM HABITAT FOR HUMANITY NEW YORK CITY AND WESTCHESTER COUNTY, INC. WHICH REQUIRES AN APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE MANAGEMENT TEAM, AND IS THEN PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH FISCAL YEAR, ALL SENIOR MANAGEMENT AND BOARD MEMBERS ARE REQUIRED TO UPDATE THE CONFLICT OF INTEREST FORMS, WHICH INDICATES IF THERE IS A CONFLICT OR NOT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DID NOT COMPENSATE ITS OFFICERS DURING THE TAX YEAR. THE OFFICERS WERE COMPENSATED BY A RELATED ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC CAN ACCESS THE FINANCIAL REPORTS FROM THE ORGANIZATION'S WEBSITE. HOWEVER, OTHER DOCUMENTS ARE KEPT AT THE ORGANIZATION'S OFFICE AND ARE AVAILABLE UPON REQUEST. HABITAT FOR HUMANITY BED STUY HOMES HDFC 111 JOHN STREET SUITE 770 NEW YORK NY 10038 274067936 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 HABITAT FOR HUMANITY BED-STUY HOMES II 111 JOHN STREET SUITE 770 NEW YORK NY 10038 275098459 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 HABITAT FOR HUMANITY BED-STUY HOMES III 111 JOHN STREET SUITE 770 NEW YORK NY 10038 455096376 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 HABITAT FOR HUMANITY BED-STUY HOMES IV 111 JOHN STREET SUITE 770 NEW YORK NY 10038 320371764 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 HABITAT FOR HUMANITY BED-STUY HOMES V 111 JOHN STREET SUITE 770 NEW YORK NY 10038 455494663 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 HABITAT FOR HUMANITY BED-STUY HOMES VI 111 JOHN STREET SUITE 770 NEW YORK NY 10038 462038543 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 HART LAFAYETTE HOUSING DEVELOPMENT FUND 111 JOHN STREET SUITE 770 NEW YORK NY 10038 270391876 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 RALPH AVENUE I HOUSING DEVELOPMENT FUND CORPORATION 111 JOHN STREET SUITE 770 NEW YORK NY 10038 812172218 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 HABITAT QUEENS PHASE II HOUSING DEVELOPMENT FUND CORPORATION 111 JOHN STREET SUITE 770 NEW YORK NY 10038 811877445 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 HABITAT FOR HUMANITY ALMAT TILDEN STREET HDFC 111 JOHN STREET SUITE 770 NEW YORK NY 10038 811253742 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 HABITAT FOR HUMANITY ST JOHNS HDFC 111 JOHN STREET SUITE 770 NEW YORK NY 10038 273132425 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 HABITAT FOR HUMANITY LATENT THOMAS BOYLAND STREET HDFC 111 JOHN STREET SUITE 770 NEW YORK NY 10038 811307909 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 HABITAT FOR HUMANITY NEW YORK CITY AND WESTCHESTER COUNTY INC 111 JOHN STREET SUITE 770 NEW YORK NY 10038 112857055 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(3) LINE 7 N/A 0 HABITAT FOR HUMANITY HOUSING DEVELOPMENT FUND COMPANY INC 111 JOHN STREET SUITE 770 NEW YORK NY 10038 133677866 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(3) LINE 12B, II HABITAT NYC AND WESTCHESTER 0 HABITAT FOR HUMANITY DEAN STEET HOUSING DEVELOPMENT FUND CORP 111 JOHN STREET SUITE 770 NEW YORK NY 10038 464044465 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 839 TILDEN STREET HOUSING DEVELOPMENT FUND CORPORATION 111 JOHN STREET SUITE 770 NEW YORK NY 10038 824451208 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 HABITAT PASSIVE HOUSING DEVELOPMENT FUND CORPORATION 111 JOHN STREET SUITE 770 NEW YORK NY 10038 811922004 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 HABITAT NET ZERO HOMES HOUSING DEVELOPMENT FUND CORPORATION 111 JOHN STREET SUITE 770 NEW YORK NY 10038 834653763 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(4) N/A HABITAT NYC AND WESTCHESTER 0 NEW YORK CITY HABITAT FOR HUMANITY INC 111 JOHN STREET SUITE 770 NEW YORK NY 10038 871564526 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(3) LINE 7 HABITAT NYC AND WESTCHESTER 0 WESTCHESTER COUNTY HABITAT FOR HUMANITY INC 111 JOHN STREET SUITE 770 NEW YORK NY 10038 871571987 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(3) LINE 7 HABITAT NYC AND WESTCHESTER 0 STEVENSON HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION 111 JOHN STREET SUITE 770 NEW YORK NY 10038 854283718 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(3) LINE 7 HABITAT NYC AND WESTCHESTER 0 HABITAT MOSAIC HOUSING DEVELOPMENT FUND CORPORATION 111 JOHN STREET SUITE 770 NEW YORK NY 10038 872112719 PROVIDING HOME OWNERSHIP AND AFFORDABLE MORTGAGES TO LOW INCOME FAMILIES. NY 501(C)(3) LINE 7 HABITAT NYC AND WESTCHESTER 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 HABITAT NET ZERO LLC D 250000 FAIR MARKET VALUE