2025-05-14T06:42:44-04:00 2024-06-30 133952752 DESANTIS KIEFER SHALL & SARCONE LLP 1675 RICHMOND ROAD STATEN ISLAND NY 103042317 990 2023-07-01 202849260 FAC CENTER LOCAL DEVELOPMENT CORPORATION FACC 7182372017 621 DEGRAW STREET BROOKLYN NY 11217 MICHELLE DE LA UZ SECRETARY 7182372017 2025-05-14 true false NICOLE M BULCROFT CPA P01463209 7183512233 2025-05-14 2023 2025-03-06 01:10:19Z MICHELLE DE LA UZ 621 DEGRAW STREET BROOKLYN NY 11217 750897 false X N/A X 2004 NY THE MISSION OF THE ORGANIZATION IS TO REDUCE UNEMPLOYMENT AND EXPAND JOB OPPORTUNITIES IN THE SOUTH BROOKLYN AREA. 3 3 0 0 0 717037 733402 2539479 15708 81776 1787 3338292 750897 0 0 0 0 0 805147 549013 805147 549013 2533145 201884 6759552 6768195 3117087 2923846 3642465 3844349 THE MISSION OF THE ORGANIZATION IS TO REDUCE UNEMPLOYMENT AND EXPAND JOB OPPORTUNITIES IN THE SOUTH BROOKLYN AREA. false false 541013 733402 THE ORGANIZATION SERVES AS A COMMUNITY CENTER IN SOUTH BROOKLYN TO TRAIN INDIVIDUALS ON IMPROVING THEIR JOB SKILLS AND EMPLOYEE MARKETABILITY, ATTRACT OUT OF THE AREA BUSINESSES AND AGENCIES TO RELOCATE OR GROW TO THE LOCAL AREA AND REATIN LOCAL BUSINESSES AND AGENCIES. 541013 true false false false false false false false false false true false false true true true true false 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 false true 8 0 0 false false false false false false false false X 3 3 false true false false true true true true true false false true true true true false true false false false NY X FIFTH AVENUE COMMITTEE INC 7182372017 621 DEGRAW STREET BROOKLYN NY 11217 MICHELLE DE LA UZ SECRETARY 0.50 34.50 X X 0 244820 10646 DANY CUNNIGHAM PRESIDENT 0.50 X X 0 0 0 JESSICA YAGER TREASURER 0.50 34.50 X X 0 0 0 244820 10646 false true false RENTAL INCOME 531110 705902 705902 LICENSING FEES 531390 27500 27500 733402 15708 15708 SECURITY DEPOSIT ADMIN FEES 1676 1676 OTHER INCOME 111 111 1787 750897 735189 15708 8000 8000 1204 1204 199548 199548 155688 155688 13101 13101 MANAGEMENT FEES 59599 59599 CLEANING SERVICE 41413 41413 REPAIRS & MAINTENANCE 30192 30192 UTILITIES 18093 18093 22175 22175 549013 541013 8000 0 1886417 1987230 254 5485 1452 7665 6205628 2627138 3651501 3578490 1219928 1189325 6759552 6768195 76265 89705 2972647 2765966 68175 68175 3117087 2923846 X 3642465 3844349 3642465 3844349 6759552 6768195 X 201884 X false true X true false X 701396 707904 707392 717037 733402 3567131 701396 707904 707392 717037 733402 3567131 3567131 176 70 175 493 15708 16622 176 70 175 493 15708 16622 162130 2767 81776 1787 248460 863702 707974 710334 799306 750897 3832213 0.93080 0.93420 0.00000 0.00000 X PART III, LINE 12 REIMBURSEMENTS 12,390 PROPERTY TAX REFUNDS 234,283 SECURITY DEPOSIT ADMIN FEES 1,676 OTHER INCOME 111 390000 390000 5815628 2627138 3188490 3578490 REPLACEMENT RESERVE 886852 DEFERRED RENT RECEIVABLE 207815 TENANT SECURITY DEPOSIT 68175 UNAMORTIZED LEASING COSTS 26483 1189325 TENANT SECURITY PAYABLE 68175 68175 X 750897 750897 750897 549013 549013 549013 SCHEDULE D, PAGE 3, PART X ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CORPORATION AND RECOGNIZE A TAX LIABILITY IF THE CORPORATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS DETERMINED THAT AS OF JUNE 30, 2024, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XII, LINE 4B BOOK / TAX DEPRECIATION DIFFERENCE 11,585 false false false false false false false false false MICHELLE DE LA UZ SECRETARY 244820 10646 255466 FORM 990, PAGE 6, PART VI, LINE 3 BOOKKEEPING, ACCOUNTING, MANAGEMENT REPORTING, COORDIANTE EFFORTS WITH THE OUTSIDE AUDITOR, MAINTAIN THE COMMON ELEMENTS OF THE PROPERTY, MANAGE TENANT ISSUES AND OTHER PROJECTS ON AN AS NEEDED BASIS. FORM 990, PAGE 6, PART VI, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS FIFTH AVENUE COMMITTEE INC. FORM 990, PAGE 6, PART VI, LINE 7A THE DIRECTORS OF THE ORGANIZATION ARE ELECTED BY THE SOLE MEMBER DURING THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 7B MAJOR DECISIONS ARE DISCUSSED AND VOTED UPON BY BOARD MEMBERS. AT TIMES, THE BOARD MEMBERS SEEK THE OPINIONS OF THE MANAGEMENT COMPANY, LAWYERS, OUTSIDE AUDITOR AND OTHERS IN THE DECISION MAKING PROCESS. FORM 990, PAGE 6, PART VI, LINE 11B THE OUTSIDE AUDITOR PREPARES A DRAFT SET OF TAX RETURNS TO BE REVIEWED BY THE DIRECTOR OF FINANCE & IT. CORRECTIONS AND EDITS ARE DISCUSSED AND MADE, IF NECESSARY. THE OUTSIDE AUDITOR PREPARES A FINAL SET OF TAX RETURNS FOR SIGNATURE. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION HAS ADOPTED THE CONFLICT OF INTEREST POLICY AS USED BY THE SPONSOR/MANAGER OF THE ORGANIZATION WHICH IS ALSO A 501(C)(3). THE DIRECTOR OF FINANCE & IT OF THE MANAGEMENT COMPANY IS RESPONSIBLE FOR FINANCIAL RELATIONSHIPS BETWEEN THE ORGANIZATION AND OTHER ENTITIES. IF A POTENTIAL CONFLICT OF INTEREST ISSUE ARISES, THE DIRECTOR OF FINANCE & IT FOR FAC ADDRESSES THIS MATTER WITH THE DIRECTOR OF PROPERTY MANAGEMENT FOR RESOLUTION. AT TIMES, THE MANAGEMENT COMPANY CONSULTS WITH THE OUTSIDE AUDITOR ABOUT POTENTIAL CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST, THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, POLICIES AND AUDITED FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE 11,585 130 29TH STREET HOUSING DEVELOPMENT 621 DEGRAW STREET BROOKLYN NY 11217 204732803 LOW INCOME NY 501C4 FIFTH AVEN false 50TH STREET HOUSING DEVELOPMENT FUN 621 DEGRAW STREET BROOKLYN NY 11217 113270117 LOW INCOME NY 501C3 9 FIFTH AVEN false 573 WARREN STREET HOUSING DEVELOPME 621 DEGRAW STREET BROOKLYN NY 11217 113143585 LOW INCOME NY 501C3 7 FIFTH AVEN false 575 FIFTH AVENUE HOUSING DEVELOPMEN 621 DEGRAW STREET BROOKLYN NY 11217 208954587 LOW INCOME NY 501C4 FIFTH AVEN false 588 PARK PLACE HOUSING DEVELOPMENT 621 DEGRAW STREET BROOKLYN NY 11217 450481177 LOW INCOME NY 501C3 9 FIFTH AVEN false FAC ADVANCE HOUSING DEVELOPMENT FUN 621 DEGRAW STREET BROOKLYN NY 11217 264642733 LOW INCOME NY 501C4 FIFTH AVEN false FAC CENTER LOCAL DEVELOPMENT CORPOR 621 DEGRAW STREET BROOKLYN NY 11217 202849260 LOW INCOME NY 501C3 9 FIFTH AVEN false FAC HOMEOWNERSHIP HOUSING DEVELOPME 621 DEGRAW STREET BROOKLYN NY 11217 113440267 LOW INCOME NY 501C3 9 FIFTH AVEN false FAC RENAISSANCE HDFC 621 DEGRAW STREET BROOKLYN NY 11217 811004692 LOW INCOME NY 501C4 FIFTH AVEN false FAC PRESERVATION HOUSING DEVELOPMEN 621 DEGRAW STREET BROOKLYN NY 11217 470199280 LOW INCOME NY 501C4 FIFTH AVEN false FAC RESTORE HOUSING DEVELOPMENT FUN 621 DEGRAW STREET BROOKLYN NY 11217 202896988 LOW INCOME NY 501C4 FIFTH AVEN false FIFTH AVENUE COMMITTEE INC 621 DEGRAW STREET BROOKLYN NY 11217 112475743 COMMUNITY NY 501C3 7 FIFTH AVEN false LEAP INC DBA BROOKLYN WORKFORCE I 621 DEGRAW STREET BROOKLYN NY 11217 113111694 WORKFORCE NY 501C3 7 FIFTH AVEN false NEIGHBORS HELPING NEIGHBORS 621 DEGRAW STREET BROOKLYN NY 11217 113059958 TENANT AND NY 501C3 7 FIFTH AVEN false FAC HOUSING DEVELOPMENT FUND CORPOR 621 DEGRAW STREET BROOKLYN NY 11217 112569339 LOW INCOME NY 501C4 FIFTH AVEN false NORTHEASTERN CONFERENCE HOUSE ANNEX 621 DEGRAW STREET BROOKLYN NY 11217 825247722 LOW INCOME NY 501C4 FIFTH AVEN false FAC SUNSET PARK HOUSING DEVELOPMENT 621 DEGRAW STREET BROOKLYN NY 11217 472458264 LOW INCOME NY 501C4 FIFTH AVEN false FAC 6309 FOURTH AVENUE HDFC 621 DEGRAW STREET BROOKLYN NY 11217 812090217 LOW INCOME NY 501C4 FIFTH AVEN false FAC SUNSET PARK LIMITED PARTNERSHIP 621 DEGRAW STREET BROOKLYN NY 11217 471960755 LOW INCOME NY FAC SUNSET RELATED false false 551 WARREN STREET 1 LIMITED PARTNER 621 DEGRAW STREET BROOKLYN NY 11217 113432257 LOW INCOME NY 551 WARREN RELATED false false SUPPORTIVE SLOPE LIMITED PARTNERSHI 621 DEGRAW STREET BROOKLYN NY 11217 261565858 LOW INCOME NY 575 FIFTH RELATED false false FAC RENAISSANCE LIMITED PARTNERSHIP 621 DEGRAW STREET BROOKLYN NY 11217 475052123 LOW INCOME NY FAC RENAIS RELATED false false FAC BROWNSVILLE APARTMENTS LP 621 DEGRAW STREET BROOKLYN NY 11217 833327892 LOW INCOME NY FAC BROWNS RELATED false false FAC 6309 FOURTH AVENUE MM LLC 621 DEGRAW STREET BROOKLYN NY 11217 843310446 LOW INCOME NY FAC 6309 F RELATED false false FAC 6309 FOURTH AVENUE LP 621 DEGRAW STREET BROOKLYN NY 11217 475475760 LOW INCOME NY FAC 6309 F RELATED false false ATLANTIC TERRACE 12 LLC 621 DEGRAW STREET BROOKLYN NY 11217 203963981 LOW INCOME NY FAC ATLANT RELATED false false NORTHEASTERN TOWERS ANNEX DEVELOPER 621 DEGRAW STREET BROOKLYN NY 11217 825211062 LOW INCOME NY FAC NORTHE RELATED false false NORTHEASTERN TOWERS ANNEX GP 621 DEGRAW STREET BROOKLYN NY 11217 813430274 LOW INCOME NY NORTHEASTE RELATED false false NORTHEASTERN TOWERS ANNEX LP 621 DEGRAW STREET BROOKLYN NY 11217 814673705 LOW INCOME NY NORTHEASTE RELATED false false NORTHEASTERN TOWERS ANNEX MANAGER L 621 DEGRAW STREET BROOKLYN NY 11217 320565348 LOW INCOME NY FAC NORTHE RELATED false false 551 WARREN STREET 1 INC 621 DEGRAW STREET BROOKLYN NY 11217 113432252 LOW INCOME NY FIFTH AVEN C CORP false 575 FIFTH AVENUE INC 621 DEGRAW STREET BROOKLYN NY 11217 261565714 LOW INCOME NY FIFTH AVEN C CORP false FAC SUNSET PARK HOUSING DEVELOPMENT 621 DEGRAW STREET BROOKLYN NY 11217 472458264 LOW INCOME NY FIFTH AVEN C CORP false FAC RENAISSANCE GP 621 DEGRAW STREET BROOKLYN NY 11217 475036133 LOW INCOME NY FIFTH AVEN C CORP false FAC SUNSET PARK GP 621 DEGRAW STREET BROOKLYN NY 11217 471960681 LOW INCOME NY FIFTH AVEN C CORP false FAC 6309 FOURTH AVENUE HDFC 621 DEGRAW STREET BROOKLYN NY 11217 812090217 LOW INCOME NY FIFTH AVEN C CORP false FAC FULTON STREET HOUSING DEVELOPME 621 DEGRAW STREET BROOKLYN NY 11217 813273164 LOW INCOME NY FIFTH AVEN C CORP false FAC 6309 FOURTH AVENUE GP INC 621 DEGRAW STREET BROOKLYN NY 11217 475480222 LOW INCOME NY FIFTH AVEN C CORP false FAC BROWNSVILLE APARTMENTS GP 621 DEGRAW STREET BROOKLYN NY 11217 833327665 LOW INCOME NY FIFTH AVEN C CORP false FAC RED HOOK HOMES INC 621 DEGRAW STREET BROOKLYN NY 11217 202827495 LOW INCOME NY FIFTH AVEN C CORP false FAC ATLANTIC TERRACE INC 621 DEGRAW STREET BROOKLYN NY 11217 203964179 LOW INCOME NY FIFTH AVEN C CORP false FAC CLUSTER HDFC 621 DEGRAW STREET BROOKLYN NY 11217 833785295 LOW INCOME NY FIFTH AVEN C CORP false false false false false false false false false false true false false true false false false false false false FIFTH AVENUE COMMITTEE INC M 59599 COST FIFTH AVENUE COMMITTEE INC J 387515 LEASE