2025-10-16T15:07:11-05:00 2024-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2024-01-01 474821442 The Wilton Housing Development Fund Corporation % JOHANNA KLETTER WILT 7189333101 2751 Grand Concourse Bronx NY 10468 Jumelia Abrahamson Treasurer 7189333101 2025-05-15 true true Joseph Perez P00961850 7328281614 2024 2025-03-06 01:10:19Z Jumelia Abrahamson 2751 Grand Concourse Bronx NY 10468 742685 false X N/A X 2016 NY TO PROVIDE AFFORDABLE HOUSING IN THE BRONX OF NEW YORK 2 2 0 2 0 0 10000 0 664765 682419 36062 31742 8433 28524 719260 742685 0 0 0 0 48120 43314 0 0 0 564590 463969 612710 507283 106550 235402 2907445 3112172 2035902 2005227 871543 1106945 X TO PROVIDE AFFORDABLE HOUSING IN THE BRONX OF NEW YORK false false 484568 710943 THE ORGANIZATION OPERATES TWO BUILIDINGS CONTAINING 31 RENTAL APARTMENT UNITS FOR LOW AND MORDERATE INCOME TENANTS AND SIX COMMERCIAL UNITS FOR SMALL BUSINESSES IN THE BRONX OF NEW YORK. 484568 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 false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 2 2 false false false false false false false true false false false true true true true true true true true false NY X JOHANNA KLETTER 7189333101 2751 GRAND CONCOURSE BRONX NY 10468 X JUMELIA ABRAHAMSON TREASURER 1.0 0.0 X X 0 0 0 HENRY SCHWALBENBERG SECRETARY 1.0 0.0 X X 0 0 0 0 0 0 0 false false false 0 0 RENTAL INCOME 531110 447312 447312 COMMERCIAL RENT 531120 235107 235107 682419 31742 31742 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 28524 28524 28524 742685 710943 31742 0 0 0 0 0 0 26665 26665 0 13200 13200 3449 3449 61643 61643 7101 7101 0 0 0 0 20942 20942 0 6993 5220 1773 0 0 193307 193307 0 0 0 67901 67901 0 42226 42226 63856 63856 507283 484568 22715 0 X 527004 689758 0 0 0 0 143865 203501 0 0 0 0 0 0 0 0 75329 90165 1545778 292342 1291307 1253436 0 0 0 0 0 0 0 0 869940 875312 2907445 3112172 14243 8458 0 0 5310 6281 0 0 0 0 0 0 1984696 1958835 0 0 31653 31653 2035902 2005227 X 871543 1106945 0 0 871543 1106945 2907445 3112172 235402 X X false true X true false X 0 0 0 10000 0 10000 602451 674348 665345 664765 682419 3289328 0 0 0 602451 674348 665345 674765 682419 3299328 0 0 0 3299328 15547 1485 0 36062 31742 84836 0 15547 1485 0 36062 31742 84836 0 17747 250 300 8433 28524 55254 635745 676083 665645 719260 742685 3439418 0.95927 0.96528 0.02467 0.01984 X 127501 127501 1418277 292342 1125935 1253436 REPLACEMENT RESERVE 509306 OPERATING RESERVE 213070 MORTGAGE ESCROW 63724 DEFERRED RENT RECEIVABLE 57559 TENANT SECURITY DEPOSITS 31653 875312 0 TENANT SECURITY DEPOSIT 31653 31653 X 742685 742685 742685 507283 507283 507283 FORM 990, SCHEDULE D, PART X, LINE 2 The Organization has tax-exempt status under Section 501(c)(3) of the IRC and is exempt from federal income taxes on related income pursuant to Section 509(a)(2) of the IRC. Being a nonstock Organization not organized for profit, the Organization is exempt from New York State and New York City franchise taxes. GAAP requires evaluation of the tax positions taken or expected to be taken in the course of preparing the Organization's tax returns to determine whether the tax positions are more likely than not sustainable upon examination by the applicable taxing authorities, based on the technical merits of the tax positions, and then recognizing the tax benefit that is more likely than not realizable. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current reporting period. Management believes any such positions would be immaterial to the overall financial statements. The Organization's federal and state tax returns for the fiscal years after 2021 remain subject to examination by the relevant taxing authorities. Further, there are no income tax related penalties and interest reflected in these financial statements. FORM 990, PART VI, SECTION A, LINE 8B: ON AN ANNUAL BASIS THE ORGANIZATION DOCUMENTS MEETINGS AND SIGNIFICANT TRANSACTIONS IN THE BOARD OF DIRECTOR MINUTES. FORM 990,PART VI,SECTION B,LINE 11B: THE BOARD OF DIRECTORS HOLD AN ANNUAL MEETING IN WHICH THE OUTSIDE AUDITORS CONDUCT A PRESENTATION AND EXPLANATION OF THE AUDITED FINANCIAL STATEMENTS AND THE ANNUAL TAX RETURNS, AS WELL AS A DISCUSSION OF INTERNAL CONTROLS. FORM 990, PART VI, SECTION B, LINE 12C: THE CONFLICT OF INTEREST POLICY IS RENEWED ANNUALLY WITH ALL OFFICERS OF THE ORGANIZATION. POTENTIAL CONFLICTS ARE BROUGHT TO THE EXECUTIVE COMMITTEE FOR REVIEW AND OFFICERS FOUND TO HAVE CONFLICT OF INTEREST ARE ASKED TO RESIGN OR ABSTAIN FROM INVOLVEMENT IN ALL RELATED PROJECTS. FORM 990, PART VI, SECTION B, LINE 15: CURRENTLY THE ORGANIZATION DOES NOT HAVE ANY KEY EMPLOYEES BUT FOR THE FUTURE DECISIONS REGARDING COMPENSATION IS BASED ON THE RECOMMENDATIONS OF AN INDEPENDENT COMMITTEE THAT CONSIDERS PERFORMANCE, SCOPE OF RESPONSIBILITIES AND SALARY COMPENSATION FOR SIMILAR POSITIONS. FINAL APPROVAL OF SALARY COMPENSATION MUST BE APPROVED BY THE ENTIRE BOARD OF DIRECTORS. CURRENTLY THE ORGANIZATION DOES NOT HAVE A CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT OFFICIAL. ALL FUTURE COMPENSATION-RELATED DECISIONS ARE BASED ON THE RECOMMENDATIONS OF AN INDEPENDENT COMMITTEE THAT CONSIDERS PERFORMANCE, SCOPE OF RESPONSIBILITY AND REMUNERATION FOR SIMILAR POSITIONS. FINAL APPROVAL FOR CEO COMPENSATION MUST BE APPROVED BY THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19: AFTER APPROVAL OF THE FINANCIAL STATEMENTS BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS, THE ORGANIZATION MAKES AVAILABLE ALL GOVERNANCE DOCUMENTS, POLICY STATEMENTS, FINANCIAL STATEMENTS AND TAX RETURNS TO THE PUBLIC UPON WRITTEN REQUEST. THE ORGANIZATION ALSO TIMELY FILES ITS ANNUAL NEW YORK STATE CHAR 500 REPORT WITH THE NEW YORK STATE ATTORNEY GENERAL. ALL OF ITS FILINGS ARE AVAILABLE THROUGH THE NYSOAG CHARITIES WEBSITE. FORM 990, PART XII, LINE 2C: MANAGEMENT AND BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. BRONX UNITED IN LEVERAGING DOLLARS 2751 GRAND CONCOURSE BRONX NY 10468 133108035 LI HOUSING NY 501(C)(3) 10 UNHP false RECLAIM ROUND II HDFC 2751 GRAND CONCOURSE BRONX NY 10468 274869299 LI HOUSING NY 501(C)(3) 10 UNHP false UNIVERSITY NEIGHBORHOOD HOUSING PR 2751 GRAND CONCOURSE BRONX NY 10468 133206603 DEV AND SER NY 501(C)(3) 10 NA false RECLAIM HDFC 275 GRAND CONCOURSE BRONX NY 10468 272047238 LI HOUSING NY 501(C)(3) 10 UNHP false ROSE HILL APARTMENT 2855 SOUTHERN BL BRONX NY 10458 261151644 LI HOUSING NY NA false false ROSEHILL SENIOR APTS INC 2855 SOUTHERN BLVD BRONX NY 10458 261151576 LIH NY UNHP C false false false false false false false false false false false false false false false false false false false