2025-05-15T15:02:15-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1500 RXR PLAZA WEST TOWER UNIONDALE NY 11556 990 2023-07-01 202985867 WEST BUSHWICK 203K HDFC WEST 7183663800 565 BUSHWICK AVENUE BROOKLYN NY 11206 MARIA DEMATOS CFO 7183663800 2025-05-15 1 0 X CATHERINE PETERCSAK P01357092 5167472000 2025-05-15 2023 2025-03-06 01:10:19Z KIERAN HARRINGTON 565 BUSHWICK AVENUE BROOKLYN NY 11206 1725039 0 X N/A X 2005 NY WEST BUSHWICK 203K HDFC'S MISSION IS TO ACQUIRE, OWN, DEVELOP, CONSTRUCT AND/OR REHABILITATE, LEASE, MANAGE AND OPERATE AFFORDABLE SCATTER-SITE MULTI-FAMILY HOUSING FOR LOW-INCOME FAMILIES. 3 0 0 0 0 0 706299 713276 861288 897859 5444 10463 18041 14272 1591072 1635870 0 0 0 0 0 0 0 0 0 1836280 2243205 1836280 2243205 -245208 -607335 20784368 20144721 24387932 24355620 -3603564 -4210899 OPERATING 25 BUILDINGS IN THE BROOKLYN, NEW YORK AREA FOR THE PURPOSES OF PROVIDING AFFORDABLE HOUSING TO LOW-INCOME FAMILIES. 0 0 1780198 897859 OPERATING 25 BUILDINGS IN THE BROOKLYN, NEW YORK AREA FOR THE PURPOSES OF PROVIDING AFFORDABLE HOUSING TO LOW-INCOME FAMILIES. 1780198 0 1 0 0 0 0 0 1 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 1 0 0 1 1 1 0 0 0 0 1 1 1 1 1 1 0 0 0 X MARIA DEMATOS CFO 7183663800 565 BUSHWICK AVENUE BROOKLYN NY 11206 SCOTT SHORT DIRECTOR/PRESIDENT/CEO 1.00 39.00 X X 0 570765 44973 EMILY KURTZ DIR/VP OF HOUSING/TREASURER 1.00 39.00 X X 0 234647 39689 JENNIFER NHU NGUYEN CFO TO 8/1/23 1.00 39.00 X X 0 124239 1973 KIERAN HARRINGTON DIR/PRES/CO-CEO AS OF 4/1/24 1.00 39.00 X X 0 0 0 VISHAL SHYAM CHAWLA CFO AS OF 11/27/23 1.00 39.00 X X 0 25000 0 0 954651 86635 0 0 1 0 0 713276 713276 LOW INCOME RENTAL 532000 897859 897859 897859 10463 10463 83845 89169 -5324 -5324 -5324 MISCELLANEOUS INCOME 900099 6811 6811 REAL ESTATE TAX RECOVE 900099 6735 6735 LATE FEES 900099 6050 6050 19596 1635870 897859 0 24735 121021 121021 14000 14000 15700 15700 113225 103442 9783 17238 3506 13732 547468 546834 634 668331 668331 76770 76770 BAD DEBT EXPENSE 285011 285011 PURCHASED SERVICES 283650 283650 REPAIRS AND MAINTENANCE 95475 95475 MISC. 3126 3126 2190 2190 2243205 1780198 463007 0 309525 366727 390992 307607 13486 16424 26133279 9885049 16861282 16248230 3209083 3205733 20784368 20144721 99572 173068 37441 70486 60521 60522 24190398 24006804 0 44740 24387932 24355620 X -3603564 -4210899 -3603564 -4210899 20784368 20144721 -607335 0 X 0 1 X 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 26122969 9885049 16237920 10310 10310 16248230 DUE FROM AFFILIATES 1849786 ESCROW DEPOSIT 215671 REPLACEMENT RESERVE 1079754 SECURITY DEPOSIT 60522 3205733 DUE TO AFFILIATES 44740 44740 X 1440028 -285011 -285011 1725039 -89169 -89169 1635870 2047363 89169 89169 1958194 285011 285011 2243205 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE APARTMENT, NET OF ANY UNPAID CHARGES AND/OR DAMAGES. PART X, LINE 2: THE COMPANY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE COMPANY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE COMPANY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE NETTED WITH REVENUE ON FINANCIALS -285,011. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -89,169. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 89,169. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE NETTED WITH REVENUE ON FINANCIALS 285,011. 0 0 0 0 0 0 0 0 0 SCOTT SHORT DIRECTOR/PRESIDENT/CEO 0 480765 0 90000 0 0 0 16500 0 28473 0 615738 0 0 EMILY KURTZ DIR/VP OF HOUSING/TREASURER 0 219647 0 15000 0 0 0 11834 0 27855 0 274336 0 0 PART I, LINE 3 A RELATED PARTY, RISEBORO COMMUNITY PARTNERSHIP INC., COMPENSATES THE CEO, THE FOLLOWING IS THEIR COMPENSATION POLICY. THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION OF THE COMPANY'S OFFICERS AND KEY EMPLOYEES. THE ENTIRE BOARD REVIEWS THE COMPENSATION OF THE COMPANY'S CHIEF EXECUTIVE OFFICER. IN CONDUCTING THESE REVIEWS, EACH OF THE EXECUTIVE COMMITTEE MEMBERS AND THE BOARD RELIES ON APPROPRIATE COMPARABILITY DATA AND CONTEMPORANEOUSLY SUBSTANTIATES ITS DELIBERATION AND DETERMINATION. THESE REVIEWS WERE CONDUCTED ANNUALLY. THE BOARD APPROVES ALL SALARIES ANNUALLY AND SUCH APPROVAL IS REFLECTED IN BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 3 THE PROJECT PURCHASES MANAGEMENT SERVICES FROM, RISEBORO MANAGEMENT CORP., A RELATED ENTITY. THE MANAGEMENT COMPANY MANAGES THE BUILDING. THEY COLLECT RENT, PAY BILLS, OVERSEE THE MAINTENANCE OF THE BUILDING. FOR THE YEAR ENDING JUNE 30, 2024 MANAGEMENT FEES TOTALED $121,021. THERE WERE NO BOARD MEMBERS COMPENSATED BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF WEST BUSHWICK 203K HOUSING DEVELOPMENT FUND COMPANY, INC. IS RISEBORO COMMUNITY PARTNERSHIP INC. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES, BE LIMITED TO THE INDIVIDUALS WHO ARE EITHER MEMBERS OF THE BOARD OF DIRECTORS OF RISEBORO COMMUNITY PARTNERSHIP, INC. OR WHO HAVE OTHERWISE BEEN APPOINTED OR ELECTED DIRECTORS OF THE CORPORATION BY RISEBORO COMMUNITY PARTNERSHIP, INC. THE DIRECTORS OF THE CORPORATION REPORT TO THE REAL ESTATE COMMITTEE OF RISEBORO COMMUNITY PARTNERSHIP, INC. ALL OF WHOM ARE INDEPENDENT. FORM 990, PART VI, SECTION A, LINE 7B THE DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES, BE LIMITED TO THE INDIVIDUALS WHO ARE EITHER MEMBERS OF THE BOARD OF DIRECTORS OF RISEBORO COMMUNITY PARTNERSHIP, INC. OR WHO HAVE OTHERWISE BEEN APPOINTED OR ELECTED DIRECTORS OF THE CORPORATION BY RISEBORO COMMUNITY PARTNERSHIP, INC. IN ADDITION, THE BYLAWS MAY BE AMENDED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS OF THE CORPORATION AT A MEETING DULY CALLED FOR THE PURPOSE OF AMENDING THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 8A THE CORPORATION DID NOT HAVE ANY BOARD MEETINGS DURING THE FISCAL YEAR. THE ORGANIZATION DOES NOT HOLD INDIVIDUAL MEETINGS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B WEST BUSHWICK 203K HDFC HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. AFTER THE FORM 990 HAS BEEN PREPARED, IT IS SENT TO MANAGEMENT OF WEST BUSHWICK 203K'S PARENT, RISEBORO COMMUNITY PARTNERSHIP FOR REVIEW. ONCE THEIR REVIEW IS COMPLETE AND THE FORM 990 IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD OF DIRECTORS FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY AND UPON FIRST JOINING, EACH DIRECTOR AND OFFICER IS PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY. THE POLICY REQUIRES SUCH INDIVIDUAL TO SIGN AN ANNUAL DISCLOSURE FORM OF ANY INTEREST THAT COULD GIVE RISE TO A CONFLICT. DIRECTORS AND OFFICERS ARE REQUIRED TO SIGN A COMPREHENSIVE DISCLOSURE FORM. THE POLICY AND DISCLOSURE FORM ARE DISTRIBUTED AND COLLECTED BY THE HR DEPARTMENT AND SUBMITTED TO THE COMPLIANCE OFFICER FOR REVIEW. ALL POTENTIAL CONFLICTS ARE REPORTED TO THE COMPLIANCE OFFICER OF RISEBORO COMMUNITY PARTNERSHIP WHO REPORTS DIRECTLY TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF RISEBORO COMMUNITY PARTNERSHIP. POTENTIAL CONFLICTS OF INTEREST INVOLVING DIRECTORS ARE REPORTED TO THE FULL BOARD OF DIRECTORS. A DIRECTOR INVOLVED, DIRECTLY OR INDIRECTLY, IN AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST TRANSACTION MAY NOT PARTICIPATE IN ANY DISCUSSION OF THE RELEVANT TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 WEST BUSHWICK 203K HDFC FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION ON THE WEBSITE WWW.GUIDESTAR.ORG AND OTHER SIMILAR TYPE WEBSITES. WEST BUSHWICK 203K HDFC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND YEAR-END FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST AT WEST BUSHWICK 203K HDFC'S BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS. BROOKLYN-QUEENS FAMILY RESPITE INC 565 BUSHWICK AVENUE BROOKLYN NY 11206 112931055 RESPITE SERVICES, REAL ESTATE NY 501(C)(3) LINE 12A, I RISEBORO COMMUNITY PARTNERSHIP INC 0 BUENA VIDA CORP 48 CEDAR ST BROOKLYN NY 11221 113237619 NURSING HOME NY 501(C)(3) LINE 10 RISEBORO COMMUNITY PARTNERSHIP INC 0 CASA PASIVA HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 812591243 AFFORDABLE HOUSING NY 501(C)(3) LINE 12A, I RISEBORO COMMUNITY PARTNERSHIP INC 0 CITIZENS FOR A BETTER NEIGHBORHOOD HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 112870431 AFFORDABLE HOUSING NY 501(C)(3) LINE 12A, I RISEBORO COMMUNITY PARTNERSHIP INC 0 COMMUNITY IMPROVEMENT CORPORATION 565 BUSHWICK AVENUE BROOKLYN NY 11206 112917169 REAL ESTATE NY 501(C)(3) LINE 12A, I RISEBORO COMMUNITY PARTNERSHIP INC 0 CORETTA SCOTT KING HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 451534613 AFFORDABLE HOUSING NY 501(C)(3) LINE 10 RISEBORO COMMUNITY PARTNERSHIP INC 0 GATES GARDENS HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 020695628 AFFORDABLE 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AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 SOUTH BUSHWICK NEIGHBORHOOD HOMES HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 203221819 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 STAMMTISCH CORP 565 BUSHWICK AVENUE BROOKLYN NY 11206 462295070 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 STAMMTISCH HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 455038520 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 SUNSET 203K HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 454640462 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 WEST BUSHWICK NRP CORP 565 BUSHWICK AVENUE BROOKLYN NY 11206 202104933 REAL ESTATE NY RISEBORO COMMUNITY PARTNERSHIP C 0 WEST BUSHWICK NRP HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 510419969 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 WEST BUSHWICK TPT HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 562364918 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 WOODLAWN SENIOR LIVING HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 820946156 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 50 PENN HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 831495563 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 HILLSIDE HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 834537563 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 SOUTH POINT HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 833781471 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 RISEBORO TPT X HOUSING DEVELOPMENT CORP 565 BUSHWICK AVENUE BROOKLYN NY 11206 873114556 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 JOE RB CASA PASIVA CORP 565 BUSHWICK AVENUE BROOKLYN NY 11206 611915241 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 RB 326 ROCKAWAY CORP 565 BUSHWICK AVENUE BROOKLYN NY 11206 881274826 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 199 ELIZABETH ST HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 834396318 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP INC C 0 1601 DEKALB AVE HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 934000459 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP C 0 326 ROCKAWAY HDFC 565 BUSHWICK AVENUE BROOKLYN NY 11206 833858078 AFFORDABLE HOUSING NY RISEBORO COMMUNITY PARTNERSHIP INC C 0 RB 135TH AVENUE HOUSING DEVELOPMENT FUND CORPORATION 565 BUSHWICK AVENUE BROOKLYN NY 11206 923003248 AFFORDABLE HOUSING NY C 0 RISEBORO ALAFIA 2 HOUSING DEVELOPMENT FUND COMPANY 565 BUSHWICK AVENUE BROOKLYN NY 11206 923035769 AFFORDABLE HOUSING NY C 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0