2025-10-22T11:08:12-05:00 2024-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2024-01-01 463830943 920 Prospect Gardens Housing Development Fund Corp % STEVE KADIN 920P 7189933504 300 East 175th St Bronx NY 10457 Raul Russi President 7189933504 2025-11-17 true true Joseph Perez P00961850 7328281614 2024 2025-03-06 01:10:19Z Raul Russi 300 East 175th St Bronx NY 10457 834990 false X N/A X 2014 NY OPERATION OF A 68 UNIT LOW-INCOME RESIDENTIAL HOUSING PROGRAM. 5 5 0 5 0 108109 95366 710471 713205 27040 26419 0 0 845620 834990 0 0 0 0 0 0 0 0 0 1243295 1213625 1243295 1213625 -397675 -378635 6156011 5970162 9403863 9596649 -3247852 -3626487 X OPERATION OF A 68 UNIT LOW INCOME RESIDENTIAL HOUSING PROGRAM false false 960272 713205 OPERATION OF A 68 UNIT, LOW-INCOME RESIDENTIAL HOUSING PROGRAM. 960272 true true 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 0 0 0 false false false false false false false false false false false false X 5 5 false true false false false false false true true false false true true true true true true true true false NY X STEVE KADIN 7189933504 2804 THIRD AVENUE BRONX NY 10455 Raul Russi President 0.0 35.0 X 0 896597 101830 LYMARIS ALBORS CHIEF EXECUTIVE OFFICER 0.0 35.0 X 0 836684 56068 JOSE A RODRIGUEZ CHIEF LEGAL OFFICER/EXECUTIVE 0.0 35.0 X 0 562331 30262 VICKY GATELL CHIEF FINANCIAL OFFICER 0.0 35.0 X 0 442213 46781 Eliezer Rodriguez Chair 1.0 10.0 X X 0 0 0 Kaleb Sanchez vice chair 1.0 10.0 X X 0 0 0 Gilbert Hernandez Secretary 1.0 10.0 X X 0 0 0 Pedro Falcon Treasurer 1.0 10.0 X X 0 0 0 Arnie Segarra Member 1.0 10.0 X 0 0 0 0 2737825 234941 0 false true false 0 95366 95366 RENTAL INCOME 531110 713205 713205 713205 26419 26419 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 834990 713205 26419 0 0 0 0 0 0 0 0 0 0 43466 43466 25871 25871 40900 40900 0 0 0 0 0 140445 140445 2671 2671 0 570055 570055 0 0 0 90137 90137 0 146513 146513 153567 153567 1213625 960272 253353 0 X 10234 69887 1449271 1464813 0 0 50046 52674 0 0 0 0 0 0 0 0 50951 53999 5328204 1233375 4173309 4094829 0 0 0 0 0 0 0 0 422200 233960 6156011 5970162 445892 605150 0 0 9731 13916 0 0 0 0 0 0 8361467 8451604 0 0 586773 525979 9403863 9596649 X -3247852 -3626487 0 0 -3247852 -3626487 6156011 5970162 -378635 X false true X true false X 97942 92338 92845 108109 95366 486600 716465 715717 702588 710471 713205 3558446 0 0 0 814407 808055 795433 818580 808571 4045046 0 0 0 4045046 21815 17611 17875 27040 26419 110760 0 21815 17611 17875 27040 26419 110760 0 36 1048 2891 0 0 3975 836258 826714 816199 845620 834990 4159781 0.97242 0.97068 0.02663 0.02825 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 4370182 1074079 3296103 815461 98032 717429 142560 61264 81296 0 0 0 4094829 0 DUE TO RELATED PARTIES 486084 TENANT SECURITY DEPOSITS 39895 525979 X 834990 834990 834990 1213625 1213625 1213625 FORM 990, SCHEDULE D, PART X, LINE 2 920 Prospect Gardens Housing Development Fund Corporation was incorporated for the purpose of forming a housing development fund corporation pursuant to Article XI of the New York State PHFL and Article 4 of the Not For-Profit Corporation Law. The Organization has tax-exempt status under Section 501(c (3) of the Internal Revenue Code (the "Code") and is exempt from federal income taxes on related income pursuant to Section 101(a) of the Code. Being a nonstock Organization not organized for profit, the Organization is exempt from the New York State and New York City franchise tax. Management has determined that there were no uncertain tax positions at December 31, 2024 and 2023. In addition, there was no interest or penalties related to income taxes included in the financial statements presented. false false false false false false false true false Raul Russi President 0 693183 0 203414 0 0 0 50625 0 51205 0 998427 0 0 LYMARIS ALBORS CHIEF EXECUTIVE OFFICER 0 645440 0 191244 0 0 0 39177 0 16891 0 892752 0 0 JOSE A RODRIGUEZ CHIEF LEGAL OFFICER/EXECUTIVE 0 513136 0 49195 0 0 0 16500 0 13762 0 592593 0 0 VICKY GATELL CHIEF FINANCIAL OFFICER 0 403779 0 38434 0 0 0 16500 0 30281 0 488994 0 0 Schedule J Part I Line 7 The Bonuses for the CEO and President are approved by the Board of the Parent entity. The remaining executive bonuses are approved by the CEO. SCHEDULE J PART I LINE 3 PURSUANT TO THE ORGANIZATION'S BYLAWS, THE ORGANIZATION DELEGATES TO ITS PARENT ENTITY THE HIRING OF THE CEO AND PRESIDENT. THE COMPENSATION OF THE EXECUTIVES IS APPROVED BY THE PARENT ENTITY, WHO HIRES A CONSULTANT TO CONDUCT A STUDY. A STANDING COMPENSATION COMMITTEE OF THE PARENT ENTITY REVIEWS A COMPENSATION STUDY AND VOTES ON HOW TO PROCEED. FORM 990, PART VI, SECTION B, LINE 11B The 990 is distributed to the Board of Directors prior to filing. FORM 990, PART VI, SECTION B, LINE 12C Annual signed statements are provided that affirms that the interested parties are in compliance with the conflict of interest policy. FORM 990, PART VI, SECTION C, LINE 19 The governing documents, conflict of interest policy and financial statements are available to the public upon request. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION IS PARTY TO A MANAGEMENT AGREEMENT, RENEWABLE ANNUALLY, WITH THE SOUTH BRONX COMMUNITY MANAGEMENT COMPANY, INC. ("SBCMC") IN CONNECTION WITH THE ADMINISTRATION AND MAINTENANCE OF THE PROJECT. FORM 990, PART VI, SECTION B, LINE 15A & 15B PursuAnt to the Organization's bylaws, the Organization delegates to its parent entity the hiring of the CEO and President. The compensation of the executives is approved by the Parent entity, who hires a consultant to conduct a study. A standing compensation commitee of the Parent entity reviews a compensation study and votes on how to proceed. 1068 Franklin Avenue Housing Development 300 E 175th Street Bronx NY 10457 208317595 Housing NY 501(c)(4) N/A Acacia false 1675 Westchester Avenue Housing Developm 300 E 175th Street Bronx NY 10457 822957270 Housing NY 501(c)(3) 10 PHDFC false 414-418 East 119th Street Greenhope Hous 300 E 175th Street Bronx NY 10457 133391215 Housing NY 501(c)(3) 7 Acacia false 458 W 143rd Street HDFC 300 E 175th Street Bronx NY 10457 264548133 Housing NY 501(c)(3) 10 ACDP false 607 Concord Avenue Housing Development F 300 E 175th Street Bronx NY 10457 134146104 Senior Servic NY 501(c)(3) 10 Hunts Point false 760 762 763 Fox Street Housing Develop 300 E 175th Street Bronx NY 10457 133644188 Housing NY 501(c)(3) N/A NA false 920 Prospect Avenue Housing Development 300 E 175th Street Bronx NY 10457 133805150 Housing NY 501(c)(3) 10 SBCMC false 920 Prospect Gardens Housing Development 300 E 175th Street Bronx NY 10457 463830943 Housing NY 501(c)(3) 10 SBCMC false Acacia Florida Inc 300 E 175th Street Bronx NY 10457 810941278 Development NY 501(c)(3) N/A Acacia false Acacia Gardens Housing Development Fund 300 E 175th Street Bronx NY 10457 475653309 Housing NY 501(c)(3) n/a Promesa HDFC false Acacia Network Housing Inc 300 E 175th Street Bronx NY 10457 260076866 Housing NY 501(c)(3) 10 Acacia false Acacia Network Inc 300 E 175th Street Bronx NY 10457 134104082 ADMIN NY 501(C)(3) 12 NA false Acacia Puerto Rico Inc 300 E 175th Street Bronx NY 10457 464966129 Housing NY 501(c)(3) n/a Promesa false Acacia Real Estate Development Inc 300 E 175th Street Bronx NY 10457 823595330 Development NY 501(c)(3) N/A Acacia false Acacia Sendero Verde HDFC Inc 300 E 175th Street Bronx NY 10457 831897415 Housing NY 501(c)(3) 10 Acacia RE false Acacia Sendero Verde II HDFC Inc 300 E 175th Street Bronx NY 10457 611926612 Housing NY 501(c)(3) 10 Acacia RE false Audubon Partnership For Economic 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133072640 Youth Service NY 501(c)(3) N/A Acacia false EHCCI Multi-Service Center Inc 300 E 175th Street Bronx NY 10457 133263548 Real Estate NY 501(c)(3) 10 Acacia false East Harlem Council For Community Improv 300 E 175th Street Bronx NY 10457 132969933 Social Servic NY 501(c)(3) 10 Acacia false East Harlem Council For Community Improv 300 E 175th Street Bronx NY 10457 274279072 Housing NY 501(c)(3) 10 Acacia false East Harlem Council For Community Improv 300 E 175th Street Bronx NY 10457 274279228 Housing NY 501(c)(3) 10 Acacia false El Barrio Operation Fightback Inc 413 East 120th St New York NY 10035 133248777 Housing NY 501(c)(3) 10 Acacia false El Cemi Housing Development Fund Company 300 E 175th Street Bronx NY 10457 133540837 Housing NY 501(c)(3) 7 Acacia false El Regreso Inc 300 E 175th Street Bronx NY 10457 061179595 Social Servic NY 501(c)(3) 7 Acacia false General Development and Orientation Coun 300 E 175th Street Bronx NY 10457 133333051 Social Servic NY 501(c)(3) 7 Acacia false Greenhope Candace House Housing Developm 300 E 175th Street Bronx NY 10457 261827054 Housing NY 501(c)(3) 10 Acacia false Greenhope Services For Women Inc 300 E 175th Street Bronx NY 10457 132813350 Social Servic NY 501(c)(3) 7 Acacia false Hellgate Management Corp 300 E 175th Street Bronx NY 10457 132985574 Real Estate NY 501(c)(3) 10 Acacia false Hispanos Unidos De Buffalo Inc 300 E 175th Street Bronx NY 10457 161243094 Social Servic NY 501(c)(3) 7 Acacia false Hunts Point Multi-Service Center Inc 300 E 175th Street Bronx NY 10457 132612532 Social Servic NY 501(c)(3) 7 NA false Institute For The Puerto RicanHispanic 300 E 175th Street Bronx NY 10457 132987263 Senior Servic NY 501(c)(3) 7 Acacia false La Casa Nuestra HDFC 413 East 120th St New York NY 10035 133802313 Housing NY 501(c)(3) 10 Acacia false La Casita II Housing Development Fund Co 300 E 175th Street Bronx NY 10457 133621434 Social Servic NY 501(c)(3) N/A NA false Latino Alliance Resource And Management 300 E 175th Street Bronx NY 10457 457997184 Social Servic NY 501(c)(3) 10 Acacia false LER HDFC 413 East 120th St New York NY 10035 134032452 Housing NY 501(c)(3) 10 Acacia false Loisaida Inc 300 E 175th Street Bronx NY 10457 133023183 Community Svc NY 501(c)(3) 7 Acacia false Maria Isabel Housing Development Fund Co 300 E 175th Street Bronx NY 10457 133192496 Housing NY 501(c)(3) 10 NA false Melrose Park Housing Development Fund Co 300 E 175th Street Bronx NY 10457 811573115 Housing NY Applied 10 SBCMC false Micasita Housing Development Fund Corpor 300 E 175th Street Bronx NY 10457 562373229 Housing NY 501(c)(3) 10 SBCMC false MINS Court Housing Company Inc 300 E 175th Street Bronx NY 10457 453931968 Housing NY 501(c)(3) 10 SBCMC false OUB Court Housing Company Inc 300 E 175th Street Bronx NY 10457 453932032 Housing NY 501(c)(3) 10 SBCMC false Out of the Darkness Inc 884 Maiden Lane Rochester NY 14615 464655758 Social Servic NY 501(c)(3) 7 Acacia false Promesa Administrative Services 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300 E 175th Street Bronx NY 10457 133989960 Housing NY 501(c)(3) 10 NA false The Julio A Martinez Memorial Fund 300 E 175th Street Bronx NY 10457 810623501 Fundraising NY 501(c)(3) 7 Acacia false The Promesa Housing Development Fund Cor 300 E 175th Street Bronx NY 10457 133608906 Housing NY 501(c)(3) 10 Acacia false The Puerto Rican Organization To Motivat 300 E 175th Street Bronx NY 10457 132663328 Social Servic NY 501(c)(3) 10 Acacia false United Bronx Parents Inc 300 E 175th Street Bronx NY 10457 136203312 Social Servic NY 501(c)(3) 7 Acacia false Virginia House HDFC 300 E 175th Street Bronx NY 10457 825044576 Housing NY 501(c)(3) 10 Promesa HDFC false 1675 JV Associates LLC 300 E 175th Street Bronx NY 10457 475230890 Housing NY Promesa HDFC false 245 E Mosholu Apts LLC 300 E 175th Street Bronx NY 10457 272032348 Housing NY 245 E Mosholu false 980 Prospect LLC 300 E 175th Street Bronx NY 10457 813798935 Real Estate NY Promesa Enterpr false Acacia Gardens Affordable LLC 300 E 175th Street Bronx NY 10457 475661538 Housing NY Acacia Gardens false Acacia Gardens Development LLC 300 E 175th Street Bronx NY 10457 473860202 Development NY Acacia Gardens false Audubon Pharmacy LLC 300 E 175th Street Bronx NY 10457 830662125 Retail Pharma NY Promesa Enterpr false Bella Vista LP 300 E 175th Street Bronx NY 10457 341979317 Housing NY Bella Vista false Bushwick Gardens I PA LLC 230 Wyoming Ave Kingston PA 18704 842219392 Housing PA Acacia Brooklyn false Casa Acacia LLC 300 E 175th Street Bronx NY 10457 813999419 Real Estate NY Promesa Enterpr false Crotona Park Residences LLC 300 E 175th Street Bronx NY 10457 461349705 Housing NY Crotona Park false Hope Gardens I PA LLC 230 Wyoming Ave Kingston PA 18704 352650131 Housing NY Acacia Brooklyn false La Casa Quinta LP 413 East 120th St New York NY 10035 020702106 Housing NY El Barrios Oper false La Plaza de Virginia GP LLC 254 Virginia St Buffalo NY 14201 853220709 Housing NY Hispanos Unidos false La Plaza de Virginia Owners LLC 254 Virginia Street Buffalo NY 14201 853198184 Housing NY La Plaza de Vir false La Plaza del Barrio LLC 300 E 175th Street Bronx NY 10457 841757319 Housing NY Acacia Real Est false Maria Isabel LP 300 E 175th Street Bronx NY 10457 471379298 Housing NY Maria Isabel false Maria Isabel Members LLC 300 E 175th Street Bronx NY 10457 471368298 Housing NY Acacia Maria Is false Melrose Estates Housing LP 300 E 175th Street Bronx NY 10457 134006719 Housing NY Melrose Court false Palacio Dorado LLC 300 E 175th Street Bronx NY 10457 464943810 Housing NY Palacio Dorado false Promesa Apartments Limited Partnership 300 E 175th Street Bronx NY 10457 208678386 Housing NY Promesa HDFC false Promesa Court Limited Partnership 300 E 175th Street Bronx NY 10457 263478423 Housing NY Promesa Court false Promesa Court Residences Limited Partner 300 E 175th Street Bronx NY 10457 455466989 Housing NY Promesa Court false San Jose LP 413 East 120th St New York NY 10035 260020765 Housing NY El Barrios Oper false San Jose Revedelopment Corp 413 East 120th St New York NY 10035 260020792 Housing NY El Barrios Oper false SV-B Partners LLC 1864 Palmer Ave Larchmont NY 10538 834396421 Housing NY La Plaza de Bar false Urban Renaissance Collaboration Limited 300 E 175th Street Bronx NY 10457 113665575 Housing NY URC false Virginia House Residences LLC 300 E 175th Street Bronx NY 10457 823877571 Housing NY Virginia House false West Tremont Residences LLC 300 E 175th Street Bronx NY 10457 451142893 Housing NY West Tremont false 152 E 116th HDFC 413 East 120th St New York NY 10035 475244245 Housing NY El Barrio Opera C Corp false 1675 Westchester Avenue Inc 300 E 175th Street Bronx NY 10457 999999999 Housing NY Promesa HDFC C Corp false 245 E Mosholu Inc 300 E 175th Street Bronx NY 10457 272302190 GP Housing NY 245 E Mosholu C Corp false 3196 3rd Ave Corp 300 E 175th Street Bronx NY 10457 133022624 Real Estate NY Don Pancho C Corp false 454 W 146th Street HDFC 300 E 175th Street Bronx NY 10457 204498425 Housing NY ACDP C Corp false 471 W 145th Street HDFC 300 E 175th Street Bronx NY 10457 404498311 Housing NY ACDP C Corp false 517 W 173rd Street HDFC 300 E 175th Street Bronx NY 10457 202325939 Housing NY ACDP C Corp false Acacia Brooklyn Corp 300 E 175th Street Bronx NY 10457 842357941 Housing NY Acacia Real Est C Corp false Acacia Gardens GP Inc 300 E 175th Street Bronx NY 10457 473923905 Housing NY Acacia Gardens C Corp false Acacia Maria Isabel Inc 300 E 175th Street Bronx NY 10457 471978900 GP Housing NY Promesa HDFC C Corp false ACD Affordable Corporation 300 E 175th Street Bronx NY 10457 475661682 Housing NY Acacia Gardens C Corp false Bella Vista Housing Company Inc 300 E 175th Street Bronx NY 10457 562313779 GP Housing NY SBCMC C Corp false Bronx Investors Holding Company Inc 300 E 175th Street Bronx NY 10457 133266738 Investing Hou NY SBCMC C Corp false Crotona Park Managers Inc 300 E 175th Street Bronx NY 10457 461343088 GP Housing NY Promesa HDFC C Corp false Don Pancho Development Corporation 300 E 175th Street Bronx NY 10457 061131835 Maintenance NY Bronx Investors C Corp false El Batey Housing Company Inc 300 E 175th Street Bronx NY 10457 133855121 GP Housing NY SBCMC C Corp false Five Fifteen West Inc 300 E 175th Street Bronx NY 10457 999999999 Housing NY ACDP C Corp false La Casa Quinta Dev Corp 413 East 120th St New York NY 10035 020702103 Housing NY El Barrio Opera C Corp false Melrose Court Housing Company Inc 300 E 175th Street Bronx NY 10457 133986660 GP Housing NY SBCMC C Corp false One Seventy Four Inc 300 E 175th Street Bronx NY 10457 999999999 Housing NY ACDP C Corp false Palacio Dorado Development Inc 300 E 175th Street Bronx NY 10457 464953779 Housing NY Acacia Puerto R C Corp false Promesa Collateral Trust 311 East 175th Street Bronx NY 10457 836141160 Insurance NY Acacian Network Trust false Promesa Community Apartments 1776 Clay Avenue Bronx NY 10457 208678278 GP Housing NY Promesa HDFC C Corp false Promesa Court Estates Inc 300 E 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