2025-11-17T11:39:26-06:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-01-01 814026863 URBAN HORIZONS HOUSING DEVELOPMENT FUND CORPORATION URBA 7188391100 50 EAST 168TH STREET BRONX NY 10452 DAVON RUSSELL PRESIDENT 7188391100 2025-11-17 1 1 EVA MRUK P00543254 9143818900 2025-11-17 2024 2025-03-06 01:10:19Z DAVON RUSSELL 50 EAST 168TH STREET BRONX NY 10452 1755473 0 X N/A X 2016 NY TO PROVIDE HOUSING TO LOW AND MODERATE INCOME FAMILIES. 4 2 9 4 0 0 50015 40725 1645770 1630508 77949 63243 35922 20997 1809656 1755473 0 0 0 0 446808 538769 0 0 0 2141808 1972403 2588616 2511172 -778960 -755699 10244874 11099591 26590308 28200724 -16345434 -17101133 URBAN HORIZONS HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO OWN A MULTI-SERVICE COMPLEX, WHICH INCLUDES 132 RESIDENTIAL UNITS FOR LOW-INCOME FAMILIES. 0 0 2388441 0 1630508 OPERATION OF A 132 RESIDENTIAL UNITS FOR LOW AND MODERATE INCOME FAMILIES. 2388441 0 1 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 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 5 0 9 1 0 0 0 0 0 0 0 0 X 4 2 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 NY X X GRENADIER REALTY CORP 7186428700 168 39TH STREET SUITE 306 BROOKLYN NY 11232 DAVON RUSSELL PRESIDENT 10.00 35.00 X X 0 396975 33906 GUSTAVO CAMPOS VICE PRESIDENT/TREASURER 10.00 35.00 X X 0 169111 889 LINDA FIELD SECRETARY 0.25 0.75 X X 0 0 0 SHARMI SOBHAN DIRECTOR 0.25 0.25 X 0 0 0 0 566086 34795 0 0 1 0 C&M GENERAL CONTRACTING INC 3485 SOUTHAMPTON DR JEFFERSONTON VA 22724 CONSTRUCTION SERVICES 207442 FUTURA BUILDERS GROUP INC 11617 SUTPHIN BLVD JAMAICA NY 11434 CONSTRUCTION SERVICES 199915 SAFEWATCH SECURITY GROUP INC 295 MADISON AVENUE NEW YORK NY 10017 SECURITY SERVICES 166443 GRENADIER REALTY MANAGEMENT LLC 168 39TH STREET SUITE 306 BROOKLYN NY 11232 MANAGEMENT FEE 121089 4 40725 40725 RENTAL INCOME 531110 1630508 1630508 1630508 63243 63243 LAUNDRY INCOME 900099 14400 14400 REFUNDS 900099 3775 3775 OTHER INCOME 900099 2612 2612 210 210 20997 1755473 1630508 0 84240 345384 345384 1372 1372 147536 147536 44477 44477 89031 89031 17940 17940 33700 33700 21989 21989 24966 24966 763096 763096 449994 449994 REPAIRS AND MAINTENANCE 312242 312242 SECURITY SERVICES 186287 186287 BAD DEBT 73158 73158 2511172 2388441 122731 0 557541 280516 88612 94570 132454 142785 18237140 9236584 8047429 9000556 1418838 1581164 10244874 11099591 127632 102459 27469 18364 77058 77232 18581053 19176741 7777096 8825928 26590308 28200724 X -16345434 -17101133 -16345434 -17101133 10244874 11099591 -755699 0 X X 0 1 X 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 16115760 8711646 7404114 1030193 524938 505255 1091187 1091187 9000556 REPLACEMENT RESERVE 1241615 DEFERRED RENTAL INCOME 249874 TENANT SECURITY DEPOSITS HELD IN TRUST 73310 UTILITY DEPOSITS 16365 1581164 ACCRUED INTEREST PAYABLE 3291909 CONSTRUCTION LOANS PAYABLE - RELATED PARTY 1897040 DUE TO AFFILIATE 195474 LOANS PAYABLE - RELATED PARTY 2943241 CONSTRUCTION COSTS PAYABLE 498264 8825928 X 1755473 0 1755473 0 1755473 2511172 0 2511172 0 2511172 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THE TENANTS MOVE OUT OF THE APARTMENT. PART X, LINE 2: THE CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO DECEMBER 31, 2021. 0 0 0 0 0 0 0 0 0 DAVON RUSSELL PRESIDENT 0 323975 0 50000 0 23000 0 20518 0 13388 0 430881 0 0 GUSTAVO CAMPOS VICE PRESIDENT/TREASURER 0 169111 0 0 0 0 0 0 0 889 0 170000 0 0 PART I, LINE 3 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF WOMEN'S HOUSING AND ECONOMIC DEVELOPMENT CORPORATION (WHEDCO) DETERMINES THE COMPENSATION OF THE PRESIDENT. WHEDCO'S COMPENSATION COMMITTEE USES COMPARABILITY DATA FROM FORM 990S AND COMPENSATION SURVEYS TO HELP DETERMINE THE COMPENSATION OF THE PRESIDENT. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS ENTERED INTO A PROPERTY MANAGEMENT AGREEMENT WITH GRENADIER REALTY GROUP ("GRENADIER"), AN UNRELATED PARTY, FOR PROPERTY MANAGEMENT SERVICES. MANAGEMENT FEES PAID TO GRENADIER ARE 7% OF GROSS COLLECTIONS. THE TOTAL FEE INCURRED TO GRENADIER DURING THE CALENDAR YEAR FOR THESE SERVICES WAS $89,031. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY DURING 2024. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION 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. ONCE THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SENT TO THE PRESIDENT OF THE BOARD FOR APPROVAL PRIOR TO BE FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION, FORM 990, FORM 1024, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION B, LINES 12, 13, AND 14: THE ORGANIZATION FOLLOWS THE POLICIES OF ITS PARENT ORGANIZATION, WOMEN'S HOUSING & ECONOMIC DEVELOPMENT CORPORATION. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S ENTIRE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WOMEN'S HOUSING & ECONOMIC DEVELOPMENT CORPORATION 50 EAST 168TH STREET BRONX NY 10452 113099604 COMMUNITY DEVELOPMENT NY 501(C)(3) LINE 7 N/A 0 BRONX COMMONS HOUSING DEVELOPMENT FUND CORPORATION 50 EAST 168TH STREET BRONX NY 10452 814202831 HOUSING NY 501(C)(4) WOMEN'S HOUSING & ECONOMIC DEVELOPMENT CORPORATION 0 URBAN HORIZONS II HOUSING DEVELOPMENT FUND CORPORATION 50 EAST 168TH STREET BRONX NY 10452 203673984 HOUSING NY 501(C)(4) WOMEN'S HOUSING & ECONOMIC DEVELOPMENT CORPORATION 0 URBAN HORIZONS II LP 50 EAST 168TH STREET BRONX NY 10452 203673604 HOUSING NY N/A 0 0 BRONX COMMONS RETAIL LLC 50 EAST 168TH STREET BRONX NY 10452 611809432 HOUSING NY N/A 0 0 WHEDCO DEVELOPMENT CORP 50 EAST 168TH STREET BRONX NY 10452 133814190 HOUSING NY N/A C 0 URBAN HORIZONS II GP INC 50 EAST 168TH STREET BRONX NY 10452 203673928 HOUSING NY N/A C 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0