2025-10-21T12:19:23-05:00 2024-12-31 873707167 CBIZ ADVISORS LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2024-05-16 993106866 345 OVINGTON AVENUE HOUSING DEVELOPMENT FUND CORPORATION 345O 2123589925 108 NORFOLK STREET NEW YORK NY 10002 THOMAS YU EXECUTIVE DIRECTOR 2123589925 2025-10-17 1 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2025-10-17 2024 2025-03-06 01:10:19Z X X THOMAS YU 108 NORFOLK STREET NEW YORK NY 10002 181652 0 X N/A X 2024 NY PARTNERSHIP WITH NEW YORK STATE ATTORNEY GENERAL, NEW YORK HOMES AND COMMUNITY RENEWAL (HCR) AND THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT (HPD), STABILIZATION OF A 23 UNITS RESIDENTIAL BUILDING IN BAY RIDGE, BROOKLYN. THE CURRENT RESIDENTS ARE ON THEIR WAY TO BECOMING HOMEOWNERS AS AN AFFORDABLE CO-OP. 4 0 0 0 0 0 0 176400 0 5252 181652 0 0 0 0 0 168132 168132 13520 13116431 13102911 13520 X PARTNERSHIP WITH NEW YORK STATE ATTORNEY GENERAL, NEW YORK HOMES AND COMMUNITY RENEWAL (HCR) AND THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT (HPD), STABILIZATION OF A 23 UNITS RESIDENTIAL BUILDING IN BAY RIDGE, BROOKLYN. THE CURRENT RESIDENTS ARE ON THEIR WAY TO BECOMING HOMEOWNERS AS AN AFFORDABLE CO-OP. 0 0 168132 181652 PARTNERSHIP WITH NEW YORK STATE ATTORNEY GENERAL, NEW YORK HOMES AND COMMUNITY RENEWAL (HCR) AND THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT (HPD), STABILIZATION OF A 23 UNITS RESIDENTIAL BUILDING IN BAY RIDGE, BROOKLYN. THE CURRENT RESIDENTS ARE ON THEIR WAY TO BECOMING HOMEOWNERS AS AN AFFORDABLE CO-OP. 168132 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 NY X THOMAS YU EXECUTIVE DIRECTOR 2129642288 2 ALEEN STREET 7TH FLOOR NEW YORK NY 10002 HSUEH LAM YAN SECRETARY/DIR. ASSET & PROP. MGT. 1.00 37.00 X X 0 193724 26543 HUI-YUAN NELSON CHAN TREASURER/MANG. DIR. OF REAL ESTATE 1.00 37.00 X X 0 206467 64387 MY T CHANG VP/CHIEF OF STAFF 1.00 37.00 X X 0 199435 9430 THOMAS YU PRESIDENT/ED 1.00 37.00 X X 0 284107 61872 JOY SUZZANE CHIEF ACCOUNTING OFFICER (OUTGOING) 1.00 37.00 X 0 175272 21446 0 1059005 183678 0 0 1 0 0 RENTAL INCOME 532000 176400 176400 176400 OTHER INCOME 900099 5252 5252 5252 181652 181652 0 0 9000 9000 4171 4171 85304 85304 15858 15858 16883 16883 REPAIRS AND MAINTENANCE 31666 31666 ABATEMENT EXPENSE 5200 5200 VIOLATIONS AND PENALTIE 50 50 168132 168132 0 0 58194 20450 11126 13024640 0 0 13024640 0 2021 0 13116431 1161 11669870 0 1431880 0 13102911 X 13520 0 13520 0 13116431 13520 0 X X 0 1 X 1 0 X 176400 176400 176400 176400 0 0 0 176400 5252 5252 181652 181652 X PART III, SHORT YEAR EXPLANATION: 345 OVINGTON AVENUE HOUSING DEVELOPMENT FUND CORPORATION FORMED ON MAY 16, 2024 AS A NEW YORK NOT-FOR-PROFIT CORPORATION DULY ORGANIZED AS A HOUSING DEVELOPMENT FUND CORPORATION PURSUANT TO THE PROVISIONS OF ARTICLE XI OF THE PRIVATE FINANCE HOUSING LAW OF THE STATE OF NEW YORK. 13024640 13024640 13024640 DUE TO AAFE INC 716022 DUE TO CHHDFC 715858 1431880 X 43055455 42873803 42873803 181652 0 181652 30877246 30714314 30714314 162932 5200 5200 168132 PART X, LINE 2: THE AGENCY BELIEVES IT HAD NO UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2024 IN ACCORDANCE WITH ASC TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' REVENUE 61,810,984. CONSOLIDATED ELIMINATIONS -18,931,981. RENTAL EXPENSE NETTED WITH REVENUE -5,200. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' REVENUE 49,676,254. CONSOLIDATED ELIMINATIONS -18,961,940. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE NETTED WITH REVENUE 5,200. 0 0 0 0 0 0 0 0 0 THOMAS YU PRESIDENT/ED 0 284107 0 0 0 0 0 9895 0 51977 0 345979 0 0 HUI-YUAN NELSON CHAN TREASURER/MANG. DIR. OF REAL ESTATE 0 206467 0 0 0 0 0 9972 0 54415 0 270854 0 0 HSUEH LAM YAN SECRETARY/DIR. ASSET & PROP. MGT. 0 193724 0 0 0 0 0 7909 0 18634 0 220267 0 0 MY T CHANG VP/CHIEF OF STAFF 0 199435 0 0 0 0 0 7159 0 2271 0 208865 0 0 JOY SUZZANE CHIEF ACCOUNTING OFFICER (OUTGOING) 0 175272 0 0 0 0 0 6313 0 15133 0 196718 0 0 PART I, LINE 3 THE COMPENSATION OF THE PRESIDENT/ED IS ESTABLISHED BY THE RELATED ENTITY, ASIAN AMERICAN FOR EQUALITY, INC. FORM 990, PART VI, SECTION A, LINE 6 345 OVINGTON AVENUE HOUSING DEVELOPMENT FUND CORPORATION IS A MEMBERSHIP ORGANIZATION WITH ASIAN AMERICANS FOR EQUALITY, INC., AS A SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A ASIAN AMERICANS FOR EQUALITY, INC. HAVE THE POWER TO ELECT BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING CORPORATE ACTIONS MAY NOT BE TAKEN WITHOUT THE APPROVAL OF THE MEMBER: 1) ANY AMENDMENT OF OR CHANGE TO THE CERTIFICATE OF INCORPORATION OR (2) A PETITION FOR JUDICIAL DISSOLUTION; (3) DISPOSING OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS OF THE CORPORATION, (4) APPROVAL OF A PLAN OF MERGER, (5) AUTHORIZATION OF A PLAN OF NON-JUDICIAL DISSOLUTION, OR (6) REVOCATION OF A VOLUNTARY DISSOLUTION PROCEEDING. (7) REMOVE ANY DIRECTOR ANY TIME WITH OR WITHOUT CAUSE BY A VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. AT LEAST 7 DAYS PRIOR TO FILING, THE ORGANIZATION DISTRIBUTES A DRAFT FORM 990 TO THE BOARD FOR REVIEW. FIVE DAYS ARE ALLOWED FOR FEEDBACK, THROUGH THE BOARD TREASURER, BEFORE FORM 990 IS FINALIZED AND FILED WITH THE IRS. A COPY OF THE FILED FORM 990 IS PROVIDED TO THE BOARD FOR THEIR RECORDS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS ARE ISSUED WITH A COPY OF THE ORGANIZATION'S CURRENT CONFLICT OF INTEREST (COI) POLICY UPON APPOINTMENT, AND ANNUALLY THEREAFTER. DIRECTORS AND OFFICERS COMPLETE ANNUAL DECLARATIONS TO EITHER CONFIRM NO CONFLICTS, OR IDENTIFY POSSIBLE AND/OR ACTUAL CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST TO ANY BOARD MEMBER OR OFFICER. THESE DOCUMENTS ARE MAINTAINED AT THE ORGANIZATION'S REGISTERED OFFICE. FORM 990, PART XII, LINE 2C: 345 OVINGTON AVENUE HOUSING DEVELOPMENT FUND CORPORATION FORMED ON MAY 16, 2024 AS A NEW YORK NOT-FOR-PROFIT CORPORATION DULY ORGANIZED AS A HOUSING DEVELOPMENT FUND CORPORATION PURSUANT TO THE PROVISIONS OF ARTICLE XI OF THE PRIVATE FINANCE HOUSING LAW OF THE STATE OF NEW YORK. 4 NYC HOUSING INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 821711103 PROMOTE COMMON GOOD AND WELFARE AND ECONOMIC DEVELOPMENT IN NEW YORK NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 AAFE COMMUNITY DEVELOPMENT FUND INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 134103352 PROVIDES TECHNICAL ASSISTANCE AND AFFORDABLE SECOND MORTAGEGE LOANS NY 501(C)(3) LINE 7 ASIAN AMERICANS FOR EQUALITY INC 0 AAFE FAIR HOUSING CENTER INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 133943782 LEASE OFFICE SPACE IN THE JACKSON HEIGHTS NEIGHBORHOOD OF QUEENS NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 AAFE NEW AMERICANS OPPORTUNITY FUND INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 814698636 PROMOTE COMMON GOOD AND WELFARE AND ECONOMIC DEVELOPMENT IN NEW YORK NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 ASIAN AMERICAN HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 133376278 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 ASIAN AMERICANS FOR EQUALITY INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 133187792 TO ADVANCES THE RIGHTS OF ASIAN AMERICANS AND ALL THOSE IN NEED NY 501(C)(3) LINE 7 N/A 0 BREMOND KING DAVIS HOUSING DEVELOPMENT FUND CORPORATION 108 NORFOLK ST NEW YORK NY 10002 473791580 DEVELOPING AND PRESERVING HOUSING PROJECTS FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 CHINATOWN PRESERVATION HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 161755393 DEVELOPING AND PRESERVING HOUSING PROJECTS FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 COMMUNITY HOMES 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PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 HARDESTY RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION PO BOX 22700 KANSAS CITY MO 64113 453190226 PROVIDES FINANCIAL ASSISTANCE TO QUALIFIED INDIVIDUALS AND BUSINESSES MO 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 LOWER EAST SIDE HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 810856461 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 MADISON STREET HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 811725502 PROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 MONTGOMERY HOUSING DEVELOPMENT FUND COMPANY INC 141 NORFOLK STREET NEW YORK NY 10002 462101950 DEVELOPING A HOUSING PROJECT FOR PERSONS OF LOW INCOME NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 ONE FLUSHING HDFC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 814301765 DEVELOPING A HOUSING PROJECT FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 QUEENS HOUSING AND IMMIGRATION CENTER CORPORATION 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 900098029 PROVIDES IMMIGRANT HOUSING AND SOCIAL SERVICES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 133946529 PROVIDES AFFORDABLE LOANS AND TARGETED TECHNICAL ASSISTANCE NY 501(C)(3) LINE 7 ASIAN AMERICANS FOR EQUALITY INC 0 RIVINGTON HOUSING DEVELOPMENT FUND COMPANY INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 571230118 DEVELOPING A HOUSING PROJECT FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 STANTON NORFOLK INC 141 NORFOLK STREET NEW YORK NY 10002 261880608 MANAGING ALL OF ITS PARENT ORGANIZATION, AAFE'S HOUSING DEVELOPMENTS NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 0 CHELSEA APTS HOUSING DEVELOPMMENT FUND CORP 2 ALLEN STREET 7TH FLOOR 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CORP 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 474677213 RENOVATION OF FLUSHING, NY PROPERTY NY N/A C 0 ONE FLUSHING NP LLC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 474487628 RENOVATION OF FLUSHING, NY PROPERTY NY N/A C 0 EAST VILLAGE HOMES MANAGER CORP 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 842532839 HOLDING COMPANY NY N/A C 0 EAST VILLAGE HOUSING DEVELOPMENT FOUND COMPANY INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 841971812 HOLDING COMPANY NY N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0