2024-10-17T09:36:10-05:00 2023-12-31 161451346 FLAHERTY SALMIN LLP 2300 BUFFALO RD BLDG 200 ROCHESTER NY 14624 990 2023-01-01 832798323 417 HOUSING DEVELOPMENT FUND COMPANY INC 417H 7168840356 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 DAWN WELLS-CLYBURN VICE PRESIDENT 7168840356 2024-10-17 1 1 DALE ROWLAND CPA P00648479 5852790120 2024-10-16 2023 2024-10-15 13:58:12Z DAWN WELLS-CLYBURN 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 95774 0 X N/A X 2018 NY TO PROVIDE HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME IN THE CITY OF BUFFALO, NEW YORK. 3 3 0 0 0 0 100000 22499 60274 73275 0 0 0 0 160274 95774 0 0 0 0 0 0 0 0 0 131587 182695 131587 182695 28687 -86921 2409833 2325233 2381399 2383720 28434 -58487 TO PROVIDE HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME IN THE CITY OF BUFFALO, NEW YORK. 0 0 182695 73275 TO PROVIDE HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME, WHICH HOUSING ACCOMODATIONS INCLUDE 9 LOW-INCOME RESIDENTIAL UNITS AND 1 COMMERCIAL UNIT, LOCATED IN THE CITY OF BUFFALO, NEW YORK. 182695 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 1 0 NY X DAWN WELLS-CLYBURN 7168840356 429 PLYMOUTH AVE STE 1 BUFFALO NY 14213 ROBERT JAHNKE PRESIDENT 2.00 X X 0 0 0 RAMONE ALEXANDER SECRETARY 2.00 X 0 0 0 JIM ANDERSON TREASURER 2.00 X X 0 0 0 RAHWA GHIRMATZION VICE PRESIDENT 2.00 40.00 X 0 103452 0 DAWN WELLS-CLYBURN VICE PRESIDENT 2.00 40.00 X 0 82294 0 0 185746 0 0 0 0 0 0 22499 22499 RENTAL INCOME 531110 73275 73275 73275 95774 73275 0 0 X 4154 4154 7491 7491 29226 29226 12897 12897 3092 3092 78088 78088 9268 9268 MISCELLANEOUS 17681 17681 PROPERTY STABILIZATION 14312 14312 PROPERTY TAXES 4695 4695 TELEPHONE, INTERNET & I 1090 1090 701 701 182695 182695 0 0 21480 18905 8815 6038 3780 2929 2426190 154844 2348768 2271346 0 0 26990 26015 2409833 2325233 9051 564 2279532 2279532 92816 103624 2381399 2383720 X 0 0 0 0 28434 -58487 28434 -58487 2409833 2325233 -86921 0 X 0 1 X 0 0 X 100000 22499 122499 60274 73275 133549 160274 95774 256048 0 13400 23100 36500 13400 23100 36500 219548 160274 95774 256048 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 246000 246000 2039002 101950 1937052 141188 52894 88294 2271346 ACCRUED INTEREST 3092 DEFERRED FINANCING -15906 DEVELOPMENT FEE PAYABLE 109388 DUE TO RELATED PARTY 1375 TENANT SECURITY DEPOSITS 5675 103624 73275 0 73275 22499 22499 95774 182695 0 182695 0 182695 PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION FROM RELATED ORGANIZATION 22,499. FORM 990, PART VI, SECTION A, LINE 3 THE COMPANY HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH ITS SOLE MEMBER COMPANY, BNSC. THE AGREEMENT PROVIDES FOR A MANAGEMENT FEE OF UP TO 6.5% OF COLLECTED RENTS FROM THE PROJECT. IT COVERS ADMINISTRATIVE EXPENSES RELATED TO THE PROJECT THAT ARE INCURRED BY PUSH. THE MANAGEMENT FEE EXPENSE FOR THE YEAR ENDING DECEMBER 31, 2023 WAS 6.5% OF COLLECTED RENTAL INCOME IN 2023. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE SOLE MEMBER CORPORATION IN 417 HOUSING DEVELOPMENT FUND COMPANY INC IS BUFFALO NEIGHBORHOOD STABILIATION COMPANY, INC. (BNSC). THESE ENTITIES ARE ALSO RELATED THROUGH COMMON BOARD MEMBERS AND BNSC STAFF. THE ORGANIZATION IS GOVERNED BY A THREE-MEMBER BOARD OF DIRECTORS ELECTED BY THE BNSC BOARD OF DIRECTORS. NY HOUSING TRUST FUND HAS THE POWER TO APPOINT A MAJORITY OF THE BOARD OF DIRECTORS IF THEY DEEM A GRANT OR LOAN IS IN JEOPARDY. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE DRAFT FORM 990 IS REVIEWED IN DETAIL BY THE FINANCE COMMITTEE OF PEOPLE UNITED FOR SUSTAINABLE HOUSING,(PUSH) THE ORGANIZATION'S INDIRECT PARENT. THE TREASURER OF THE PUSH BOARD OF DIRECTORS OVERSEES THE NON ATTEST SERVICES PROVIDED BY THE AUDITORS, INCLUDING PREPARATION OF FORM 990. THE AUDIT COMMITTEE OF PUSH REVIEWS ALL REQUIRED SCHEDULES AND COMPARES THE FINANCIAL DATA TO THE AUDITED FINANCIAL STATEMENTS AND UNDERLYING SUPPORTING INFORMATION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS MONITORED BY THE BOARD AND REVIEWED ANNUALLY. CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY A BOARD MEMBER FOR PROPRIETY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15B OFFICERS AND KEY EMPLOYEES ARE NOT COMPENSATED BY THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH THE NY ATTORNEY GENERAL'S WEBSITE. FORM 990, PART IX, LINE 11G CONSULTING FEES : PROGRAM SERVICE EXPENSES 29,226. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,226. PEOPLE UNITED FOR SUSTAINABLE HOUSING 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 203558447 HOUSING DEVELOPMENT AND OUTREACH PROGRAM NY 501(C)(3) LINE 7 0 BUFFALO NEIGHBORHOOD STABILIZATION CO 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 270580274 HOUSING DEVELOPMENT MANAGING VACANT PROP NY 501(C)(3) LINE 7 PEOPLE UNITED FOR SUSTAINABLE HOUSING 0 MASSACHUSETTS AVENUE SUSTAINABLE HOME HOUSING DEVELOPMENT FUND 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 463864309 HOUSING DEVELOPMENT AND OUTREACH PROGRAM NY 501(C)(3) LINE 7 PEOPLE UNITED FOR SUSTAINABLE HOUSING 0 MASSACHUSETTS AVENUE HOUSING DEVELOPMENT 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 272382090 AFFORDABLE HOUSING NY 501(C)(3) LINE 7 PEOPLE UNITED FOR SUSTAINABLE HOUSING 0 S77 LLC 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 813422188 REAL ESTATE RENTAL NY N/A N/A 0 0 S77 MM LLC 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 320501086 REAL ESTATE RENTAL NY N/A C 0 PUSH GRO INC 429 PLYMOUTH AVENUE STE 1 BUFFALO NY 14213 811965501 REAL ESTATE RENTAL NY N/A C 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0