2024-11-05T14:29:55-06:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 225 BROADHOLLOW RD SUITE 401 MELVILLE NY 11747 990 2023-01-01 133860487 HIGHBRIDGE COMMUNITY DEVELOPMENT CORP HIGH 7182933100 1465 NELSON AVENUE STE A BRONX NY 10452 KOBINA ARHIN CEO 7182933100 2024-11-04 1 0 AMANDA ADAMS P00748038 6319305000 2024-11-04 2023 2024-10-15 13:58:12Z KOBINA ARHIN 1465 NELSON AVENUE STE A BRONX NY 10452 3126955 0 X HTTP://WWW.HIGHBRIDGECDC.COM/ X 1995 NY THE ORGANIZATION ASSISTS IN THE DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING IN THE BRONX. THE ORGANIZATION ALSO PROVIDES TENANT SERVICES FOR THE RESIDENTS OF THE HIGHBRIDGE SECTION WITH THE OVERALL GOAL OF IMPROVING THE NEIGHBORHOOD. 5 5 59 0 0 0 162408 162408 2949311 2949016 240 889 6375 14642 3118334 3126955 0 0 0 0 4551106 4786210 0 0 0 -2270328 -2303136 2280778 2483074 837556 643881 14007927 15166612 529127 992931 13478800 14173681 THE ORGANIZATION ASSISTS IN THE DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING IN THE BRONX. THE ORGANIZATION ALSO PROVIDES TENANT SERVICES FOR THE RESIDENTS OF THE HIGHBRIDGE SECTION WITH THE OVERALL GOAL OF IMPROVING THE NEIGHBORHOOD. 0 0 1396148 0 2949016 HCDC HAS SUCCESSFULLY DEVELOPED, MANAGES, AND OPERATES OVER 2,500 MODERATE AND LOW-INCOME UNITS THROUGHOUT NUMEROUS NEIGHBORHOODS IN THE BRONX. WE SPECIALIZE IN MULTIPLE SERVICES SUCH AS REAL ESTATE MANAGEMENT AND DEVELOPMENT, PROPERTY MANAGEMENT, AND COMMUNITYDEVELOPMENT. HCDC IS COMMITTED TO WORKING WITH RESIDENTS, BUSINESSES, AND RELIGIOUS ORGANIZATIONS THROUGHOUT THE BOROUGH TO MAKE THE BRONX A GREAT PLACE TO LIVE AND WORK BY PROVIDING HOUSING THAT IS AFFORDABLE, WELL-DESIGNED, SECURE, AND PROFESSIONALLY MANAGED. 1396148 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 1 1 0 0 1 1 0 1 59 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X THE ORGANIZATION 7182933100 1465 NELSON AVENUE STE A BRONX NY 10452 MSGR DONALD SAKANO PRESIDENT 2.00 4.00 X X 0 0 0 REV MARK CREGAN TREASURER 0.25 0.50 X X 0 0 0 JOSEPH FRANCO DIRECTOR 0.25 0.50 X 0 0 0 KENNETH P BROWNE DIRECTOR 0.25 0.50 X 0 0 0 KEN SINGLETON DIRECTOR 0.25 0.50 X 0 0 0 KOBINA ARHIN SVP/CEO 33.00 2.00 X 306737 0 26460 DONNA SMITH CFO 34.00 1.00 X 49735 0 3711 MARTIN RIVERA MAINTENANCE DIR. 35.00 0.00 X 130672 0 8147 BRAM HILLEGERS VP DEVELOPMENT 35.00 0.00 X 108668 0 2430 JHONATHAN ECHAVARRIA IT DIRECTOR 35.00 0.00 X 125737 0 19980 RAMONA GARCIA TENANT SERVICE DIRECTOR 35.00 0.00 X 114577 0 5625 VANESSA FERNANDEZ LEASING DIRECTOR 35.00 0.00 X 114981 0 5700 951107 0 72053 6 0 1 0 0 162408 162408 MANAGEMENT FEES 531390 2531016 2531016 ADMIN FEES - AFFILIATE 531390 418000 418000 2949016 889 889 14642 14642 14642 3126955 2949016 0 15531 386643 386643 3135229 2464706 670523 62532 44689 17843 929921 664570 265351 271885 194303 77582 12000 12000 60000 60000 223892 25176 198716 6060 6060 226517 81342 145175 131991 329 131662 12571 7322 5249 644 644 33170 30045 3125 235442 36857 198585 PROGRAM AND OTHER COSTS 383301 8915 374386 SOCIAL SERVICE COSTS 44603 44603 BANK CHARGES 38128 38128 EXP REIMB BY AFFILIATES -3789975 -2264209 -1525766 78520 57500 21020 2483074 1396148 1086926 0 3841410 3008001 1072764 200304 58932 107009 777396 713909 94600 63487 25194 25194 8915027 11762617 14007927 15166612 504039 837343 25088 155588 529127 992931 X 13466612 14110493 12188 63188 13478800 14173681 14007927 15166612 643881 51000 0 X 0 1 X 1 0 X 160081 190780 827408 162408 162408 1503085 3872469 3777463 4186382 2955686 2949016 17741016 4032550 3968243 5013790 3118094 3111424 19244101 0 1796363 1773512 1820753 1983272 1784784 9158684 1796363 1773512 1820753 1983272 1784784 9158684 10085417 81153 167 242 240 889 82691 81153 167 242 240 889 82691 250368 14642 265010 4364071 3968410 5014032 3118334 3126955 19591802 0.51480 0.50050 0.00420 0.00840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 605800 582804 22996 171596 131105 40491 63487 DUE FROM AFFILIATES 11762617 11762617 RESTRICTED CASH PAYABLE 25088 ST. FRANCIS ESSHI FUNDS ADVANCE 130500 155588 X PART X, LINE 2: THE ORGANIZATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES. UNDER THAT GUIDANCE, MANAGEMENT ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. MANAGEMENT EVALUATED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND CONCLUDED THAT IT TOOK NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENTS TO THE CONSOLIDATED FINANCIAL STATEMENTS. X X 0 0 0 0 0 0 0 0 0 KOBINA ARHIN SVP/CEO 306737 0 0 0 0 0 26000 0 460 0 333197 0 0 0 FORM 990 ON BEHALF OF THE RELATED ORGANIZATION, ST. FRANCIS HOUSING DEVELOPMENT FUND CORP (EIN: 83-3683495), THE ORGANIZATION IS INCLUDING INFORMATION ABOUT THE FOLLOWING ELECTION MADE DURING TAX YEAR 2023: REGULATION REFERENCE: ELECTION 168(H)(6)(F)(I): PURSUANT TO IRC CODE SECTION 168(H)(6)(F)(I), ST. FRANCIS COMMONS HOUSING MM CORP. AND ITS TAX EXEMPT PARENT SHALL NOT BE TREATED AS TAX-EXEMPT ENTITIES FOR PURPOSES OF THIS PARAGRAPH AND PARAGRAPH (5), AND PURSUANT TO IRC CODE SECTION 168(H)(6)(F)(II) ANY GAIN RECOGNIZED BY ST. FRANCIS COMMONS HOUSING MM CORP. AND ITS TAX-EXEMPT PARENT ON ANY DISPOSITION OF AN INTEREST IN THE ST. FRANCIS COMMONS HOUSING LLC (AND ANY DIVIDEND OR INTEREST RECEIVED OR ACCRUED BY A TAX-EXEMPT ENTITY FROM SUCH TAX-EXEMPT CONTROLLED ENTITY) SHALL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME FOR PURPOSES OF IRC CODE SECTION 511. ANY SUCH ELECTION SHALL BE IRREVOCABLE AND SHALL BIND ALL TAX-EXEMPT ENTITIES HOLDING INTERESTS IN SUCH TAX-EXEMPT CONTROLLED ENTITY. FOR PURPOSES OF SUBCLAUSE (II), THERE SHALL ONLY BE TAKEN INTO ACCOUNT DIVIDENDS WHICH ARE PROPERLY ALLOCABLE TO INCOME OF THE TAX-EXEMPT CONTROLLED ENTITY WHICH WAS NOT SUBJECT TO TAX UNDER THIS CHAPTER. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY BOTH THE CEO AND CFO AND DISCUSSED WITH THE AUDIT & FINANCE COMMITTEE OF THE BOARD BEFORE IT IS FINALIZED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY SENDS OUT AN ANNUAL QUESTIONNAIRE TO THE BOARD MEMBERS AND STAFF. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S PROCESS FOR DETERMINING COMPENSATION IS PERFORMED BY THE FINANCE COMMITTEE, WHICH REVIEWS AND APPROVES COMPENSATION ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, BUT CERTAIN INFORMATION CAN BE OBTAINED UPON REQUEST AT THE ORGANIZATION'S OFFICES. HIGHBRIDGE COMMUNITY HOUSING DEVELOPMENT 1465 NELSON AVENUE BRONX NY 10452 133496091 LOW INCOME HOUSING NY 501(C)(3) LINE 10 N/A 0 HIGHBRIDGE SENIOR HOUSING DEVELOPMENT 1465 NELSON AVENUE BRONX NY 10452 134094682 LOW INCOME HOUSING NY 501(C)(3) LINE 10 N/A 0 HIGHBRIDGE TPT HOUSING DEVELOPMENT FUND 1465 NELSON AVENUE BRONX NY 10452 205262130 LOW INCOME HOUSING NY 501(C)(3) LINE 10 N/A 0 HIGHBRIDGE VOICES 1465 NELSON AVENUE BRONX NY 10452 134191062 COMMUNITY AFTER SCHOOL PROGRAM NY 501(C)(3) LINE 10 N/A 0 KIPS BAY COMMUNITY ASSOCIATION INC 1465 NELSON AVENUE BRONX NY 10452 753234900 COMMUNITY FACILITY NY 501(C)(3) LINE 10 HIGHBRIDGE COMMUNITY DEVELOPMENT CORP 1 NELSON SENIOR HOUSING DEVELOPMENT FUND 1465 NELSON AVENUE BRONX NY 10452 134158791 LOW INCOME HOUSING NY 501(C)(3) LINE 10 N/A 0 NOSOTROS HOUSING DEVELOPMENT FUND CORP 1465 NELSON AVENUE BRONX NY 10452 133701038 LOW INCOME HOUSING NY 501(C)(3) LINE 10 N/A 0 NOSOTROS SHAKESPEARE HOUSING DEVELOPMENT 1465 NELSON AVENUE BRONX NY 10452 133787490 LOW INCOME HOUSING NY 501(C)(3) LINE 10 N/A 0 SHAKESPEARE SENIOR HOUSING DEVELOPMENT 1465 NELSON AVENUE BRONX NY 10452 134154583 LOW INCOME HOUSING NY 501(C)(3) LINE 10 N/A 0 ST FRANCIS HOUSING DEVELOPMENT FUND CORP 1544 SHAKESPEARE AVENUE BRONX NY 10452 833683495 LOW INCOME HOUSING NY 501(C)(3) LINE 10 HIGHBRIDGE COMMUNITY HOUSING DEVELOPMENT FUND CORPORATION 0 UNIVERSITY AVENUE SENIOR HOUSING DEVELOP 1465 NELSON AVENUE BRONX NY 10452 200638650 LOW INCOME HOUSING NY 501(C)(3) LINE 10 N/A 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 KIPS BAY ASSOCIATION D 434873 BOOKS