2025-05-14T07:55:03-05:00 2024-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2024-01-01 272047238 Reclaim Housing Development Fund Corporation % BRENDAN MITCHELL RECL 7189333101 2751 Grand Concourse Bronx NY 10468 Jumelia Abrahamson Treasurer 2128320400 2025-05-15 true true Joseph Perez P00961850 7328281614 2024 2025-03-06 01:10:19Z Jumelia Abrahamson 2751 Grand Concourse Bronx NY 10468 3930095 false X N/A X 2010 NY PRESERVATION & IMPROVEMENT OF HOUSING IN BRONX, NY 2 2 0 2 0 0 0 3475141 3696721 228107 233374 0 0 3703248 3930095 0 0 0 0 353976 367079 0 0 0 3125586 3773179 3479562 4140258 223686 -210163 17207057 17008688 13415813 13427607 3791244 3581081 X PRESERVATION & IMPROVEMENT OF HOUSING IN BRONX, NY false false 4087123 3246490 THE ORGANIZATION OPERATES 10 BUILDINGS CONTAINING 273 APARTMENT UNITS FOR LOW AND MODERATE-INCOME TENANTS AND 10 COMMERCIAL UNITS. 4087123 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 2 0 true 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 true true true true true true true true false NY X BRENDAN MITCHELL 7189333101 2751 GRAND CONCOURSE BRONX NY 10468 X JUMELIA ABRAHAMSON TREASURER 1.0 0.0 X X 0 0 0 NIKAURYS QUITERIO SECRETARY 1.0 0.0 X X 0 0 0 Roger Hayes Member 1.0 0.0 X 0 0 0 0 0 0 0 false false false 0 0 RENTAL INCOME 531110 2777588 2777588 RENTAL INCOME - SECTION 8 531110 449082 449082 RENTAL INCOME - COMMERCIAL 531110 470051 470051 3696721 233374 233374 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3930095 3696721 233374 0 0 0 0 0 0 281615 281615 0 85464 85464 0 319267 319267 53334 53334 0 0 0 0 73423 43887 29536 0 411122 387523 23599 0 0 1647685 1647685 0 0 0 304004 304004 0 260696 260696 464605 464605 SPONSOR FEE 239043 239043 4140258 4087123 53135 0 X 0 0 3833436 3600675 0 0 727579 632802 0 0 0 0 0 0 0 0 496471 534699 11833907 3834884 8036418 7999023 0 0 0 0 0 0 0 0 4113153 4241489 17207057 17008688 958081 954062 0 0 67810 84685 0 0 0 0 0 0 12182146 12184626 0 0 207776 204234 13415813 13427607 X 3791244 3581081 0 0 3791244 3581081 17207057 17008688 -210163 X false true X true false X 0 0 0 0 0 0 3585460 3533196 3506025 3475141 3246490 17346312 0 0 0 3585460 3533196 3506025 3475141 3246490 17346312 0 0 0 17346312 35076 11678 36982 228107 233374 545217 0 35076 11678 36982 228107 233374 545217 0 0 3620536 3544874 3543007 3703248 3479864 17891529 0.96953 0.97816 0.03047 0.02184 X 812532 812532 6808819 2773847 4034972 3606139 479164 3126975 606417 581873 24544 7999023 OPERATING RESERVE 1301483 REPLACEMENT RESERVE 2463507 ESCROW DEPOSITS 99697 TENANTS SECURITY DEPOSITS 204234 UTILITY DEPOSITS 74785 DEFFERED RENT RECEIVABLE 97783 4241489 0 TENANTS SECURITY DEPOSITS 204234 204234 X 3930095 3930095 3930095 4140258 4140258 4140258 Form 990, Schedule D, PART X, LINE 2: 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 New York State and New York City franchise tax. GAAP require 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 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 CERTIFIED 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. 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 NYS ATTORNEY GENERAL AND ALL OF ITS FILINGS ARE MADE AVAILABLE THROUGH THE NYSOAG CHARITIES WEBSITE. BRONX UNITED IN LEVERAGING DOLLARS INC 2751 GRAND CONCOURSE BRONX NY 10468 133108035 LIH NY 501(C)(3) 10 UNH false RECLAIM ROUND II HDFC 2751 GRAND CONCOURSE BRONX NY 10468 274869299 LIH NY 501(C)(3) 10 UNH false UNIVERSITY NEIGHBORHOOD HOUSING PROG 2751 GRAND CONCOURSE BRONX NY 10468 133206603 LIH NY 501(C)(3) 10 NA false THE WILTON HDFC 2751 GRAND CONCOURSE BRONX NY 10468 474821442 LIH NY 501(C)(3) 10 UNH false ROSE HILL APARTMENTS LP 2855 SOUTHERN BLVD BRONX NY 10458 261151644 LOW INCOME HOUSIN NY NA false false ROSEHILL SENIOR APTS INC 2855 SOUTHERN BLVD BRONX NY 10458 261151576 LOW INCOME HOUSIN NY UNH C false false false false false false false false false false false false false true false false false false false false