2024-10-10T15:39:12-05:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-01-01 800522071 ACTORS FUND HOUSING DEVELOPMENT CORPORATION ACTO 2122217300 729 SEVENTH AVENUE 10TH FL NEW YORK NY 10019 KAREN WANG TREASURER 2122217300 2024-10-10 1 1 SCOTT THOMPSETT P00741490 2125990100 2023 2024-10-15 13:58:12Z JOSEPH BENINCASA 729 SEVENTH AVENUE 10TH FL NEW YORK NY 10019 18171689 0 X SEE SCHEDULE O X 2009 NY TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS & ENTERTAINMENT COMMUNITY. 19 13 0 0 0 0 943555 15871089 1756889 1879981 1494 420619 0 0 2701938 18171689 0 0 0 0 315326 345244 0 0 0 3364206 3646044 3679532 3991288 -977594 14180401 16892978 31147405 21619888 21693914 -4726910 9453491 X TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS COMMUNITY THAT IMPROVES LIVES, FOSTERS ECONOMIC DEVELOPMENT AND REVITALIZES COMMUNITIES. (CONTINUED IN SCHEDULE O).AFHDC EDUCATES THE PERFORMING ARTS AND ENTERTAINMENT COMMUNITY ABOUT AFFORDABLE HOUSING AND THE APPLICATION PROCESS AND WORKS WITH DEVELOPERS AND GOVERNMENT ENTITIES TO INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR THE PERFORMING ARTS AND ENTERTAINMENT COMMUNITY. 0 0 3355743 0 1699629 THE DOROTHY ROSS FRIEDMAN RESIDENCE, LOCATED AT 475 WEST 57TH STREET IN NEW YORK CITY, HAS 178 SHARED RESIDENTIAL UNITS PROVIDING SUPPORTIVE HOUSING TO SPECIAL LOW-INCOME GROUPS INCLUDING SENIORS, WORKING PROFESSIONALS AND PEOPLE LIVING WITH HIV/AIDS. ON-SITE SOCIAL SERVICES ARE PROVIDED, INCLUDING INFORMATION AND REFERRAL TO COMMUNITY RESOURCES, ENTITLEMENT PROGRAM ADVOCACY, COORDINATION OF HOME CARE AND MEDICAL SERVICES, OUTREACH, HEALTH EDUCATION, SUPPORT GROUPS. FOR MORE INFORMATION, PLEASE VISIT - HTTPS://ENTERTAINMENTCOMMUNITY.ORG/SERVICES-AND-PROGRAMS/DOROTHY-ROSS-FRIEDMAN-RESIDENCE. 609856 0 180324 A SUBSIDIARY OF THE ACTORS FUND, AFHDC WAS CREATED TO DEVELOP NEW AFFORDABLE HOUSING FOR THE PERFORMING ARTS AND ENTERTAINMENT COMMUNITY. OUR HOUSING PORTFOLIO CONSISTS OF 702 UNITS SPANNING FIVE MAJOR DEVELOPMENTS, ALL OF WHICH ARE CONNECTED TO SUPPORTIVE SERVICES. 68 0 28 THE PALM VIEW, LOCATED AT 980 NORTH PALM AVE, IN WEST HOLLYWOOD, CA, IS A 40-UNIT APARTMENT COMPLEX THAT PROVIDES HOMES TO LOW-INCOME PEOPLE WITH SPECIAL NEEDS OR WHO ARE LIVING WITH HIV/AIDS IN WEST HOLLYWOOD, CALIFORNIA. FOR MORE INFORMATION, PLEASE VISIT - HTTPS://ENTERTAINMENTCOMMUNITY.ORG/SERVICES-AND-PROGRAMS/PALM-VIEW. 3965667 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 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 1 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA NJ NY X X KAREN WANG 2122217300 729 SEVENTH AVENUE 10TH FL NEW YORK NY 10019 JOSEPH BENINCASA PRESIDENT 10.00 41.00 X X 0 697808 125894 DANIEL ARNOW - VICE PRESIDENT & EXECUTIVE DIRECTOR 10.00 35.00 X X 0 166729 13995 KEITH MCNUTT VICE PRESIDENT 10.00 40.00 X X 0 239348 78681 BARBARA DAVIS SECRETARY 10.00 41.00 X X 0 393563 106198 KAREN WANG TREASURER 10.00 35.00 X X 0 162122 49529 ROBERT WANKEL CHAIR 1.00 1.00 X X 0 0 0 ABBY HAMLIN DIRECTOR 1.00 0.00 X 0 0 0 IRWIN JAY DEUTCH DIRECTOR (AS OF 09/23) 1.00 0.00 X 0 0 0 ROCCO LANDESMAN DIRECTOR 1.00 1.00 X 0 0 0 STEWART LANE DIRECTOR 1.00 1.00 X 0 0 0 ANTHONY MARCHETTA DIRECTOR 1.00 0.00 X 0 0 0 MARCUS RANDOLPH DIRECTOR (AS OF 09/23) 1.00 0.00 X 0 0 0 WENDY ROWDEN DIRECTOR 1.00 0.00 X 0 0 0 TONY SALAZAR DIRECTOR (AS OF 09/23) 1.00 0.00 X 0 0 0 LAURA SEGURA DIRECTOR (AS OF 09/23) 1.00 0.00 X 0 0 0 JORDAN STROHL DIRECTOR (AS OF 02/23) 1.00 40.00 X 0 273515 107959 DAVID WALSH DIRECTOR 1.00 0.00 X 0 0 0 STEVE WEISS DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH WENDER DIRECTOR 1.00 1.00 X 0 0 0 CONNIE YOO FORMER TREASURER 0.00 41.00 X 0 320491 96525 0 2253576 578781 0 1 1 0 BREAKING GROUND MANAGEMENT 505 8TH AVENUE NEW YORK NY 10018 MANAGEMENT 871821 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON ST CONSHOHOCKEN PA 19428 SECURITY 382384 2 15871089 15871089 TENANT RENTAL REVENUE 900099 1699629 1699629 FEE FOR SERVICE INCOME 900099 180352 180352 1879981 420619 420619 18171689 1879981 0 420619 281298 281298 16980 16980 17646 17646 29320 29320 829282 829282 28941 28941 20901 20901 13 13 214044 214044 229922 225215 4707 18292 18292 860022 860022 3486 3486 815 815 39711 39711 779178 779178 272179 272179 SECURITY 344568 344568 BAD DEBT EXPENSE 4690 4690 3991288 3965667 25621 0 1570284 101896 105333 16521865 171081 197819 67387 107377 22777788 8559340 14978893 14218448 16892978 31147405 206314 233975 79930 268532 19604340 19539423 1729304 1651984 21619888 21693914 X -4726910 -5362149 14815640 -4726910 9453491 16892978 31147405 14180401 0 X 0 1 X 1 1 1 X 776964 852963 1079055 943555 15871089 19523626 776964 852963 1079055 943555 15871089 19523626 19523626 448858 442 40 1494 420619 871453 20395079 10555714 0.95730 0.90810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3991288 3991288 349564 87391 0 0 311563 320365 333977 349564 1315469 1973204 77891 80091 83494 87391 328867 493301 PART II-A: THE ACTORS FUND HOUSING DEVELOPEMENT CORPORATION DID NOT ENGAGE IN ANY LOBBYING ACTIVITIES IN CALENDAR YEAR 2023. THE ORGANIZATION IS SOLELY FILING A SCHEDULE C BECAUSE IT PREVIOUSLY MADE THE 501(H) LOBBYING ELECTION AND IS REQUIRED TO FILE THE SCHEDULE C ACCORDINGLY. 3500080 3500080 18152217 7829219 10322998 931505 651439 280066 193986 78682 115304 14218448 INTERCOMPANY PAYABLES 1490258 OTHER LIABILITIES 161726 1651984 X PART X, LINE 2: THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION DOES NOT RECEIVE ITS OWN STANDALONE FINANCIAL STATEMENTS; ITS FINANCIAL OPERATIONS ARE REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF ITS RELATED ENTITY, THE ACTOR'S FUND OF AMERICA. THE BELOW FIN-48 FOOTNOTE IS REPORTED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. UNDER THE ASC TOPIC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, GUIDANCE WAS ISSUED WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS STANDARD PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE STANDARD ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE ACTORS FUND DOES NOT BELIEVE IT HAS ANY UNCERTAIN TAX POSITIONS. THE ACTORS FUND HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, TO IDENTIFY AND REPORT UNRELATED INCOME, DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS, AND TO REVIEW OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. 0 1 0 0 0 0 0 0 0 JOSEPH BENINCASA PRESIDENT 0 474894 0 125000 0 97914 0 86579 0 39315 0 823702 0 0 BARBARA DAVIS SECRETARY 0 369949 0 15214 0 8400 0 65393 0 40805 0 499761 0 0 CONNIE YOO FORMER TREASURER 0 299522 0 12569 0 8400 0 52731 0 43794 0 417016 0 0 JORDAN STROHL DIRECTOR (AS OF 02/23) 0 243844 0 19621 0 10050 0 58547 0 49412 0 381474 0 0 KEITH MCNUTT VICE PRESIDENT 0 220300 0 9270 0 9778 0 34490 0 44191 0 318029 0 0 KAREN WANG TREASURER 0 155442 0 6680 0 0 0 13058 0 36471 0 211651 0 0 DANIEL ARNOW - VICE PRESIDENT & EXECUTIVE DIRECTOR 0 160240 0 6489 0 0 0 11981 0 2014 0 180724 0 0 PART I, LINE 3: ACTORS FUND HOUSING DEVELOPMENT CORPORATION ("AFHDC") DOES NOT COMPENSATE ANY OF THE INDIVIDUALS REPORTED IN SCHEDULE J OF THE FORM 990; COMPENSATION REPORTED IN THAT SCHEDULE IS PAID BY ITS PARENT ORGANIZATION, THE ACTORS' FUND OF AMERICA ("AFA"). SINCE AFHDC DOES NOT PROVIDE ANY COMPENSATION, SCHEDULE J, PART I, QUESTION 3 IS LEFT BLANK. FOR MORE INFORMATION ABOUT THE PROCEDURES EMPLOYED TO DETERMINE THE COMPENSATION OF THE INDIVIDUALS REPORTED ON THE AFHDC FORM 990, PLEASE REFER TO SCHEDULE J OF THE AFA FORM 990. PART I, LINE 4B: FOR THE YEAR ENDING DECEMBER 31, 2023, JOSEPH BENINCASA - PRESIDENT & CEO, BARBARA DAVIS - CHIEF OPERATING OFFICER, CONNIE YOO - CHIEF FINANCIAL OFFICER, AND JORDAN STROHL - EXECUTIVE DIR., ACTORS FUND HOME, PARTICIPATED IN THE RELATED ORGANIZATION'S SUPPLEMENTAL 457(F) NONQUALIFIED RETIREMENT PLAN. SECTION 457(F) DEFERRALS FOR THESE INDIVIDUALS WERE $38,492, $17,323, $5,417, AND $20,000 RESPECTIVELY AND ARE REPORTED IN SCHEDULE J, PART II, COLUMN (C). FORM 990, HEADER, LINE J - WEBSITE: THE ORGANIZATION'S WEBSITE IS WWW.ENTERTAINMENTCOMMUNITY.ORG/HOUSING-DEVELOPMENT-CORPORATION FORM 990, PART VI, SECTION A, LINE 3 THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION IS THE SOLE CORPORATE MEMBER OF FRIEDMAN RESIDENCE LLC (SEE SCHEDULE R). THE BUILDING OWNED BY THIS DISREGARDED ENTITY IS MANAGED BY BREAKING GROUND MANAGEMENT COMPANY, AN UNRELATED THIRD PARTY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE FULL BOARD OF DIRECTORS FOR DISCUSSION AND COMMENT. EACH DIRECTOR WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ACTORS FUND HOUSING DEVELOPMENT CORPORATION ("AFHDC") HAS A CONFLICT OF INTEREST POLICY WRITTEN IN THE BY-LAWS, AND ALL OFFICERS AND DIRECTORS ARE REQUIRED TO SUBMIT THE CONFLICT OF INTEREST POLICY FORM ON AN ANNUAL BASIS AT A MINIMUM. ALL INDIVIDUALS ARE REQUIRED TO INFORM THE ORGANIZATION WHEN A CONFLICT OF INTEREST CIRCUMSTANCE ARISES SO THAT IT CAN BE RESOLVED IMMEDIATELY AND CORRECTIVE ACTION TAKEN IF NECESSARY. FORM 990, PART VI, SECTION B, LINES 13 & 14: ACTORS FUND HOUSING DEVELOPMENT CORPORATION ("AFHDC") OPERATES UNDER THE WHISTLEBLOWER AND DOCUMENT RETENTION POLICY OF ITS PARENT ORGANIZATION, THE ACTORS' FUND OF AMERICA. FORM 990, PART VI, SECTION C, LINE 19 ACTORS FUND HOUSING DEVELOPMENT CORPORATION'S FORM 990 AND FINANCIAL STATEMENTS ARE POSTED ON THE WEBSITE OF ITS PARENT ORGANIZATION, THE ACTORS FUND. THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FRIEDMAN RESIDENCE LLC 729 SEVENTH AVENUE FLOOR 10 NEW YORK NY 10019 454730907 HOUSING NY 2507221 14781513 AFHDC ACTORS FUND - CARNEGIE LLC 729 SEVENTH AVENUE FLOOR 10 NEW YORK NY 10019 800522071 REAL ESTATE NY 15000 0 AFHDC ACTORS FUND - ASHLAND LLC 729 SEVENTH AVENUE FLOOR 10 NEW YORK NY 10019 464280044 REAL ESTATE NY 15000 0 AFHDC ACTORS FUND 980 NORTH PALM LLC 5757 WILSHIRE BLVD SUITE 400 LOS ANGLES CA 90036 831186000 HOUSING CA 0 0 AFHDC ACTORS-HAC LLC 5757 WILSHIRE BLVD SUITE 400 LOS ANGLES CA 90036 800522071 HOUSING CA 0 0 AFHDC ACTORS HK HOUSING DEVELOPMENT FUND CORPORATION 729 SEVENTH AVENUE FLOOR 10 NEW YORK NY 10019 934108374 HOUSING NY 0 0 AFHDC THE ACTORS' FUND OF AMERICA 729 SEVENTH AVENUE NEW YORK NY 10019 131635251 HUMAN SERVICE NY 501(C)(3) LINE 7 N/A 0 HOLLYWOOD ARTS BUILDING QALICB 5757 WILSHIRE BLVD SUITE 400 LOS ANGELES CA 90036 873343478 HOUSING CA 501(C)(3) LINE 12B, II ACTORS FUND 0 980 NORTH PALM LP 5757 WILSHIRE BLVD STE 400 LOS ANGELES CA 90036 320572911 HOUSING CA N/A RELATED 28 642 0 1 0.00010 THE HOLLYWOOD ARTS COLLECTIVE LP 11811 SAN VICENTE BLVD LOS ANGELES CA 90049 821599716 HOUSING CA N/A RELATED 0 1 0.00010 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THE ACTORS' FUND OF AMERICA C 15871089 FMV