2025-05-06T08:40:25-04:00 2024-06-30 BDO USA 200 PARK AVENUE 38TH FLOOR NEW YORK NY 10166 990 2023-07-01 134004190 SEVENTEENTH STREET HOUSING DEVELOPMENT FUND CORPORATION % OLGA KOVALCHUK SEVE 2126336900 463 7TH AVENUE Suite 17th fl NEW YORK NY 10018 DOUGLAS WALERSTEIN CFO 2126336900 2025-05-02 true true Paul Hammerschmidt P01384178 2128858000 2025-05-01 2023 2025-03-06 01:10:19Z PERRY PERLMUTTER 463 7TH AVENUE 17th floor NEW YORK NY 10018 339735 false X N/A X 1998 NY ORGANIZED TO OWN, REHABILITATE, AND OPERATE AN 18-UNIT HOUSING PROJECT PROVIDING PERMANENT HOUSING TO LOW-INCOME INDIVIDUALS. 3 0 0 0 0 0 0 0 340286 329681 3775 6967 285 3087 344346 339735 0 0 0 0 0 0 0 0 0 474074 403840 474074 403840 -129728 -64105 3048094 3041766 3438262 3496039 -390168 -454273 ORGANIZED TO OWN, REHABILITATE, AND OPERATE AN 18-UNIT HOUSING PROJECT PROVIDING PERMANENT HOUSING TO LOW-INCOME INDIVIDUALS LOCATED AT 17TH STREET, NEW YORK, NEW YORK. false false 377076 0 329681 ORGANIZED TO OWN, REHABILITATE, AND OPERATE AN 18-UNIT HOUSING PROJECT PROVIDING PERMANENT HOUSING TO LOW-INCOME INDIVIDUALS LOCATED AT 17TH STREET, NEW YORK, NEW YORK. 377076 false false false false false false false false false true false false true true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 3 0 false false false false true true true true true false false true true true true true true false false false NY X OLGA KOVALCHUK 6465655837 463 7TH AVENUE 17TH FLOOR NEW YORK NY 10018 PERRY J PERLMUTTER PRESIDENT & CEO 0.1 39.9 X X 0 454276 63020 ARLO M CHASE SECRETARY 0.1 39.9 X X 0 315097 52296 DOUGLAS WALERSTEIN TREASURER 0.1 39.9 X 0 276013 23552 0 1045386 138868 0 false true false 0 0 RENTAL INCOME 532000 329681 329681 329681 6967 6967 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 3087 0 3087 3087 339735 329681 0 10054 0 0 0 0 0 0 0 0 0 0 0 100 100 17553 17553 0 0 0 400 400 0 649 649 0 0 112906 112906 0 0 0 0 0 95622 95622 15776 15776 ALLOCATED PAYROLL & BENEFITS 65926 65926 SECURITY SERVICES 56546 56546 PROPERTY MANAGEMENT FEES 26764 26764 0 ADMINISTRATIVE FEES 4202 4202 7396 7396 403840 377076 26764 0 0 0 120997 202726 0 0 35471 33910 0 0 0 0 0 0 0 0 0 0 4030904 1401160 2722892 2629744 0 0 0 0 0 0 0 0 168734 175386 3048094 3041766 12828 4851 0 0 0 0 0 0 0 0 0 0 1944883 1944883 0 0 1480551 1546305 3438262 3496039 X -390168 -454273 0 0 -390168 -454273 3048094 3041766 -64105 X false true X true false 305000 305000 2376933 1270152 1106781 1348971 131008 1217963 2629744 REPLACEMENT RESERVE 119652 OTHER ASSETS 31449 OPERATING RESERVE 17211 SECURITY DEPOSITS 6076 DUE FROM AFFILIATE 998 175386 0 DUE TO AFFILIATE 1169724 DEFERRED INTEREST PAYABLE 368149 SECURITY DEPOSITS 6076 PREPAID RENT 2356 1546305 X PART X, LINE 2: SEVENTEENTH STREET HOUSING DEVELOPMENT FUND CORPORATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE ORGANIZATION HAS FILED INTERNAL REVENUE SERVICE (IRS) FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY A TAXING AUTHORITY. AS OF JUNE 30, 2024, THE ORGANIZATION WAS NOT SUBJECT TO ANY EXAMINATION BY A TAXING AUTHORITY. false true false false false false false false false PERRY J PERLMUTTER PRESIDENT & CEO 0 454276 0 0 0 0 0 38400 0 24620 0 517296 0 0 DOUGLAS WALERSTEIN TREASURER 0 276013 0 0 0 0 0 23552 0 0 0 299565 0 0 ARLO M CHASE SECRETARY 0 315097 0 0 0 0 0 16538 0 35758 0 367393 0 0 PART I, LINE 3: SERVICES FOR THE UNDERSERVED, INC. (EIN: 91-1918247), A 501(C)(3) AFFILIATE OF THE REPORTING ORGANIZATION, PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. SERVICES FOR THE UNDERSERVED, INC. HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PART I, LINE 4B: THE FOLLOWING EMPLOYEE OF THE ORGANIZATION IS A PARTICIPANT IN A SECTION 457(F) PLAN. THE AMOUNT EARNED DURING THE YEAR WAS: PERRY PERLMUTTER...................$ 6,000 FORM 990, PART VI, SECTION A, LINE 6: SERVICES FOR THE UNDERSERVED, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION, IS THE SOLE CORPORATE MEMBER OF SEVENTEENTH STREET HOUSING DEVELOPMENT FUND CORPORATION. FORM 990, PART VI, SECTION A, LINES 7A AND 7B: SERVICES FOR THE UNDERSERVED, INC., AS THE SOLE CORPORATE MEMBER OF SEVENTEENTH STREET HOUSING DEVELOPMENT FUND CORPORATION, HAS THE FINAL APPROVAL OF ELECTING THE BOARD OF DIRECTORS FOR THE ORGANIZATION AND FINAL VOTING RIGHTS ON GOVERNING MATTERS. FORM 990, PART VI, SECTION B, LINE 11B: FORM 990 IS PREPARED BY A NATIONAL ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. DRAFT FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT AS WELL AS THE FULL BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C: ANNUALLY, ALL MEMBERS OF THE BOARD AND THE EXECUTIVE MANAGEMENT TEAM COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THE RESPONSES ARE REVIEWED AND INVESTIGATED BY THE AGENCY COMPLIANCE OFFICER AND IF A CONFLICT EXISTS, THE INDIVIDUAL IS REQUIRED TO RECUSE THEMSELVES FROM DISCUSSIONS AND VOTING. FORM 990, PART VI, SECTION B, LINES 15A AND 15B: THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 21 TRUXTON STREET HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 455310317 HOUSING NY 501(C)(4) N/A NA false 2264 MORRIS AVENUE HDFC 463 SEVENTH AVENUE 17TH FLOOR new york NY 10018 472176372 housing NY 501(c)(4) n/a na false Boston Post Road HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 134184743 HOUSING NY 501(C)(3) 7 NA false BROADWAY DECATUR HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 464660291 HOUSING NY 501(C)(4) N/A NA false Cedar Tremont HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 133710038 HOUSING NY 501(C)(3) 7 NA false FLORA VISTA HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 113681245 HOUSING NY 501(C)(4) N/A NA false JEROME HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 134034906 HOUSING NY 501(C)(4) N/A NA false Macombs Road HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 261438142 HOUSING NY 501(C)(4) N/A NA false Melrose HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 371950969 HOUSING NY 501(C)(4) N/A NA false MGX PHASE 2 G HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 934513456 HOUSING NY 501(C)(4) N/A NA false MOTHER GASTON HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 205513282 HOUSING NY 501(C)(4) N/A NA false NEW LIFE HOMES HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 134103927 HOUSING NY 501(C)(4) N/A NA false Palladia Housing Corporation 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 510165030 HOUSING NY 501(C)(3) 12 NA false Palladia Philanthropies Inc 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 133463392 HOUSING NY 501(C)(3) 7 NA false Palladia Year 15 Inc 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 463644907 HOUSING NY 501(C)(3) 7 NA false Palladia Inc 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 237089380 HOUSING NY 501(C)(3) 7 NA false Project Return HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 133524668 HOUSING NY 501(C)(3) 7 NA false Project Return Institute 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 132990558 EDUCATION NY 501(C)(3) 10 NA false Services for the Underserved Inc 463 SEVENTH AVENUE 17TH FLOOR new york NY 10018 911918247 SRVC PROVIDER NY 501(C)(3) 7 na false Starhill Phase I HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 863748290 HOUSING NY 501(C)(4) N/A NA false Starhill Phase II HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 844497006 HOUSING NY 501(C)(4) N/A NA false Stratford HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 134073752 HOUSING NY 501(C)(3) PF NA false SUS - AIDS SERVICES INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 133586129 AIDS SERVICES NY 501(C)(3) 10 NA false SUS - DEVELOPMENTAL DISAB SRVCS INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 133250383 HEALTH SRVCS NY 501(C)(3) 10 NA false SUS - HOME ATTENDANT SERVICES INC 25 CHAPEL STREET BROOKLYN NY 11201 113322756 HOME CARE NY 501(C)(3) PF NA false SUS - HOME CARE SERVICES INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 112650543 HOME CARE NY 501(C)(3) 10 NA false SUS - MENTAL HEALTH PROGRAMS INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 112540650 MENTAL HEALTH NY 501(C)(3) 10 NA false SUS - URGENT HOUSING PROGRAMS INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 320353562 HOUSING NY 501(C)(3) 10 NA false SUS FOUNDATION INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 202549482 SRVC PROVIDER NY 501(C)(3) 10 NA false SUS UNDERCLIFF HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 472407254 HOUSING NY 501(C)(4) N/A NA false 1070 WASHINGTON PARTNERSHIP LP 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 454265200 HOUSING NY NA 1434 Undercliff Ave LP 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 812698489 HOUSING NY NA 21 Truxton St LP 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 274739361 HOUSING NY NA 2264 Morris Ave MM LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 472182867 HOUSING NY NA 2264 MORRIS AVENUE PARTNERS LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 475557419 HOUSING NY NA 3361 Third Ave GP LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 800910539 HOUSING NY NA 3361 Third Ave LP 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 462444053 HOUSING NY NA BROADWAY DECATUR GP LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 320438316 HOUSING NY NA BROADWAY DECATUR OWNERS LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 800827792 HOUSING NY NA CEDAR TREMONT LP 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 133896153 HOUSING NY NA DREITZER LP 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 133893830 HOUSING NY NA HILL HOUSE LP 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 133881392 HOUSING NY NA Jerome 1769 Owner LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 832508401 HOUSING NY NA Macombs Road Housing LP 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 261438091 HOUSING NY NA MELROSE NORTH LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 844412198 HOUSING NY na Mother Gaston Housing LP 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 205592619 HOUSING NY NA Starhill Phase I MM LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 872223690 HOUSING NY NA STARHILL PHASE I OWNER LLC 463 SEVENTH AVENUE 17TH FLOOR new york NY 10018 872264708 HOUSING NY na VBK C1 MANAGERS LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 873004263 HOUSING NY na VBK C1 OWNER LLC 463 SEVENTH AVENUE 17TH FLOOR new york NY 10018 861863388 HOUSING NY na Westchester Gardens LP 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 841640459 HOUSING NY NA 1070 WASHINGTON GENERAL PARTNER LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 273090930 HOUSING NY NA C CORP false 1070 WASHINGTON HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 454925282 HOUSING NY NA C CORP false 1434 Undercliff GP Inc 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 812698081 HOUSING NY NA C CORP false 21 TRUXTON STREET GP INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 274739182 HOUSING NY NA C CORP false 3361 THIRD AVENUE HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 462604048 HOUSING NY NA C CORP false ALABAMA AVENUE MANAGER LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 833473188 HOUSING NY NA C CORP false C1 C2 VITAL BK HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 870924327 HOUSING NY NA C CORP false C3 VITAL BK HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 870963776 HOUSING NY NA C CORP false DREITZER CORP 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 133977159 HOUSING NY NA C CORP false DREITZER HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 911778729 HOUSING NY NA C CORP false G&M PROPERTIES II HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 472337286 HOUSING NY NA C CORP false HILL HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 133964090 HOUSING NY NA C CORP false HILL HOUSE ASSOCIATES INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 134027482 HOUSING NY NA C CORP false JEROME 1769 AVENUE MM LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 384093124 HOUSING NY NA C CORP false JEROME 1769 LIHTC LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 841867837 HOUSING NY NA C CORP false MACOMBS ROAD HOUSING GP INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 261430885 HOUSING NY NA C CORP false MELROSE NORTH MM LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 832484791 HOUSING NY NA C CORP false MOTHER GASTON HOUSING GP INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 205592436 HOUSING NY NA C CORP false PALLADIA EAST 162ND ST HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 811255568 HOUSING NY NA C CORP false SUS 1769 JEROME AVENUE INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 831885600 HOUSING NY NA C CORP false SUS 2264 MORRIS AVENUE INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 472182747 HOUSING NY NA C CORP false SUS ALABAMA AVENUE HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 301200146 HOUSING NY NA C CORP false SUS BROADWAY DECATUR INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 320438316 HOUSING NY NA C CORP false SUS MELROSE NORTH INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 352671247 HOUSING NY NA C CORP false SUS MGX PHASE 2 G MEMBER INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 934487966 HOUSING NY NA C CORP false SUS STARHILL LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 844020887 HOUSING NY NA C CORP false SUS STARHILL PHASE II LLC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 872346151 HOUSING NY NA C CORP false SUS VITAL BK C1 INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 873160764 HOUSING NY NA C CORP false SUS VITAL BK C3 INC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 880990155 HOUSING NY NA C CORP false TREMONT CEDAR CORP 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 133942042 HOUSING NY NA C CORP false WESTCHESTER GARDENS DEVELOPMENT CORP 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 841640457 HOUSING NY NA C CORP false WESTCHESTER GARDENS HDFC 463 SEVENTH AVENUE 17TH FLOOR NEW YORK NY 10018 201140473 HOUSING NY NA C CORP false false false false true true false false false false false false false false true true false false false false