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 470919280 FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION FACP 7182372017 621 DEGRAW STREET BROOKLYN NY 11217 MICHELLE DE LA UZ SECRETARY 7182372017 2025-05-14 true true 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 570691 false X N/A X 2003 NY THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE FIVE APARTMENT BUILDINGS TO QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA. 3 3 0 0 48000 152500 372712 405065 119 92 5954 13034 426785 570691 0 0 0 0 0 569248 608004 569248 608004 -142463 -37313 3448424 3727067 5389195 5705151 -1940771 -1978084 THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE FIVE APARTMENT BUILDINGS TO QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA. false false 552582 405065 THE ORGANIZATION'S APARTMENT BUILDINGS CONTAIN 26 APARTMENTS AND WERE OCCUPIED DURING THE YEAR. 552582 false true false false false false false false false true false false true true true false 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 true 14 0 true 0 false false false false false false false false X 3 3 false true false false false false true true true false false true true true true true 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 WILLIAM YATES TREASURER 0.50 34.50 X X 0 161060 39855 JAY A MARCUS TREASURER 0.50 34.50 X X 0 128750 70758 DANY CUNNINGHAM PRESIDENT 0.50 0.00 X X 0 0 0 534630 121259 false true false 100000 52500 152500 RENTAL INCOME 531110 405065 405065 405065 92 92 OTHER REVENUE 8038 8038 REIMBURSEMENTS 4996 4996 13034 570691 418099 92 34040 34040 12159 12159 6114 6114 3157 3157 2049 2049 172350 170550 1800 2143 2143 211571 211571 55154 55154 REPAIRS & MAINTENANCE 44743 44743 SUPERINTENDENT FEES 36524 36524 PERMITS AND FEES 17569 17569 SOCIAL SERVICES FEES 8000 8000 2431 2431 608004 552582 55422 0 86811 55627 100000 28808 24005 4988 19752 6169771 2841540 3157275 3328231 23204 147338 199452 3448424 3727067 155920 486597 53126 57985 5145019 5107580 35130 52989 5389195 5705151 X -1940771 -1978084 -1940771 -1978084 3448424 3727067 -37313 X true X false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 456563 456563 5051189 2766823 2284366 662019 74717 587302 3328231 RESERVE ACCOUNT 61266 TENANT SECURITY DEPOSITS 52989 MORTGAGE ESCROW 37247 UNAMORTIZED LEASING COSTS 29498 DUE TO FAC RESTORE 10163 DEFERRED RENT RECEIVABLE 8289 199452 TENANT SECURITY PAYABLE 52989 52989 X 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 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. GENERALLY, THE LAST THREE YEARS OF THE CORPORATION CAN BE OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, BUT MANAGEMENT DOES NOT BELIEVE AN EXAMINATION WOULD HAVE A MATERIAL ADVERSE EFFECT ON THE CORPORATION. false false false false false false false false false MICHELLE DE LA UZ SECRETARY 244820 10646 255466 WILLIAM YATES TREASURER 161060 6748 33107 200915 JAY A MARCUS TREASURER 128750 6392 64366 199508 FORM 990, PAGE 6, PART VI, LINE 3 BOOKKEEPING, ACCOUNTING, MANAGEMENT REPORTING, COORDINATE 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 7B MAJOR DECISIONS ARE DISCUSSED AND VOTED UPON BY BOARD MEMBERS. AT TIMES, THE BOARD MEMBERS SEEK THE OPINIONS OF THE MANAGMENT 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 MANAGEMENT COMPANY. CORRECTIONS & EDITS ARE DISCUSSED AND MADE, IF NECESSARY. AN OFFICER OF THE ORGANIZATION REVIEWS THE TAX RETURNS AS WELL. THE OUTSIDE AUDITOR PREPARES A FINAL SET OF TAX RETURNS FOR SIGNATURE. THE MANAGEMENT COMPANY MAILS OUT THE SIGNED TAX RETURNS TO THE APPROPRIATE GOVERNMENT AGENCY. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION HAD 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. 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 true false false false false false false false true false false false false false false FIFTH AVENUE COMMITTEE INC M 78564 ACTUAL FIFTH AVENUE COMMITTEE INC E 442974 ACTUAL