2025-05-12T10:23:19-00:00 2024-06-30 990 2023-07-01 450481177 588 Park Place Housing Development Fund Corporation 588P 7182372017 621 Degraw Street Brooklyn NY 11217 Andrew Horrow Director of Finance 7182372017 2025-05-12 false true 2023 2025-03-06 01:10:19Z X Andrew Horrow 621 Degraw Street Brooklyn NY 11217 243261 false X X 2004 NY THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE AN APARTMENT BUILDING TO QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA. The entity transfered its assets to another orgainization on June 28, 2024. X 3 3 0 0 0 178417 243127 28 33 1303 101 179748 243261 0 0 0 0 0 288856 309774 288856 309774 -109108 -66513 1312300 0 2197922 0 -885622 0 X THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE AN APARTMENT BUILDING TO QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA.The entity transfered its assets to another orgainization on June 28, 2024. false true 293068 243127 THE ORGANIZATIONS APARTMENT BUILDING HAS A CAPACITY OF 8 APARTMENTS WHICH WERE 100 OCCUPIED DURING THE YEAR. The entity transfered its assets to another orgainization on June 28, 2024. 293068 true false false false false false false false false false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false true true false true false false false true 4 0 true 0 true false false false false false false false false false false true false false X 3 3 false true false false false false true false false false false true true true true false true false false false NY X Andrew Horrow 7182372017 621 Degraw Street Brooklyn NY 11217 Michelle de la Uz Secretary 000.50 034.50 X X 0 244820 10646 Jessica Yager Treasurer 000.50 X X 0 0 0 Dany Cunningham President 000.50 X X 0 0 0 244820 10646 1 false true false RENTAL INCOME 531110 243127 243127 243127 33 33 Reimbursements 531110 101 101 101 243261 243228 33 0 0 0 0 0 0 0 0 0 0 16706 16706 5840 5840 0 0 0 19155 19155 0 5287 5287 705 705 0 38170 38170 0 0 0 336 336 0 77742 77742 21518 21518 REPAIRS AND MAINTENANCE 27942 27942 Social Service Fees 14500 14500 Other Reimbursements 62204 62204 BAD DEBT EXPENSE 19669 19669 0 309774 293068 16706 0 25317 15240 13695 2210205 1053690 204358 1312300 0 76491 789 2110943 9699 2197922 0 X -885622 -885622 0 1312300 0 X -66513 952135 X false X false X false X 201726 190127 187017 178417 243127 1000414 201726 190127 187017 178417 243127 1000414 1000414 57 31 34 28 33 183 0 57 31 34 28 33 183 0 737 1303 101 2141 201783 190158 187788 179748 243261 1002738 0.99770 0.00020 X Part III Section B Line 12 Reimbursements 2023 2, 2022 1,303, 2021 737 false 1 2210204 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Tenant Security Payable false false false false false false false false false Michelle de la Uz Secretary 244820 10646 255466 All Assets 2024-06-28 952135 Book Value 992141122 JOE FAC Infinity LLC 621 Degraw Street Brooklyn NY 11217 LLC false false false false true true true true false All Assets 2024-06-30 949530 book value 992141122 JOE FAC Infinity LLC 621 Degraw Street Brooklyn NY 11217 LLC false false false false Form 990, Part III, Line 3 ON JUNE 30, 2024, THE ORGANIZATIONS ASSETS, LIABILITIES, AND UNRESTRICTED FUND BALANCE WERE ASSUMED VIA MERGER BY JOE FAC INFINITY LLC. THE ORGANIZATION SUBSTANTIALLY CEASED OPERATIONS ON THAT DATE. Form 990, Part VI, Line 3 DESCRIPTION OF DELEGATED DUTIES TO MANAGEMENT COMPANY BOOKKEEPING, ACCOUNTING, MANAGEMENT REPORTING, MAINTAIN THE COMMON ELEMENTS OF THE PROPERTY, MANAGE TENANT ISSUES AND OTHER PROJECTS ON AS AS NEEDED BASIS. Form 990, Part VI, Line 7B DECISIONS OF GOVERNING BODY APPROVAL BY MEMBERS OR SHAREHOLDERS MAJOR DECISIONS ARE DISCUSSED AND VOTED UPON BY BOARD MEMBERS. AT TIMES, THE BOARD MEMBERS SEEK THE OPINIONS OF THE MANAGEMENT COMPANY, ATTORNEYS, OUTSIDE ACCOUNTANTS AND OTHERS IN THE DECISION MAKING PROCESS. Form 990, Part VI, Line 8 EXPLANATION OF NO CONTEMPORANEOUSLY DOCUMENTATION OF MEETINGS THE ORGANIZATION HAS NOT ESTABLISHED FORMAL SUB-COMMITTEES. Form 990, Part VI, Line 11B FORM 990 REVIEW PROCESS THE FINANCE DIRECTOR OF THE MANAGEMENT COMPANY PREPARES A DRAFT SET OF TAX RETURNS TO BE REVIEWED BY MANAGEMENT. CORRECTIONS AND EDITS ARE DISCUSSED AND MADE, IF NECESSARY. THE FINANCE DIRECTOR OF THE MANAGEMENT COMPANY PREPARES A FINAL SET OF TAX RETURNS FOR SIGNATURE, THEN MAILS OUT THE SIGNED TAX RETURNS TO THE APPROPRAITE GOVERNMENT AGENCY. Form 990, Part VI, Line 12C EXPLANATION OF MONITORING AND ENFORCING CONFLICTS THE ORGANIZATION HAS ADOPTED THE CONFLICT OF INTEREST POLICY AS USED BY THE MANAGEMENT COMPANY WHICH IS A 501 C 3. THE FINANCE DIRECTOR OF THE MANAGEMENT COMPANY IS RESPONSIBLE FOR FINANCIAL RELATIONSHIPS BETWEEN THE ORGANIZATION AND OTHER ENTITIES. IF A POTENTIAL CONFLICT OF INTEREST ARISES, THE FINANCE DIRECTOR FOR THE MANAGEMENT COMPANY ADDRESSES THE MATTER WITH THE DIRECTOR OF PROPERTY MANAGEMENT FOR RESOLUTION. Form 990, Part VI, Line 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE UPON REQUEST, THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS. Form 990, Part XI, Line 9 ON JUNE 30, 2024, THE ORGANIZATIONS ASSETS, LIABILITIES, AND UNRESTRICTED FUND BALANCE WERE ASSUMED VIA MERGER BY JOE FAC INFINITY LLC. THE ORGANIZATION SUBSTANTIALLY CEASED OPERATIONS ON THAT DATE. Fifth Avenue Committee Inc 621 Degraw Street Brooklyn NY 11217 112475743 Economic, social racial justice NY 501 c 3 7 NO false false false false true false false false false false false false false true false false false false false false Fifth Avenue Committee Inc m 40263 Actual