2024-05-15T17:53:58-04:00 2023-06-30 273263553 GALLEROS ROBINSON 115 DAVIS STATION RD CREAM RIDGE NJ 08514 990 2022-07-01 464061174 NELSON LUQUER HOUSING DEVELOPMENT FUND CORPORATION NELS 7182404111 201 COLUMBIA ST BROOKLYN NY 11231 VILMA HERAMIA EXECUTIVE DIRECTOR 7182404111 2024-05-15 VILMA HERAMIA 999009999 false LEONORA GALLEROS P00181670 6469210400 2024-05-15 2022 2023-04-26 12:10:37Z EXTENDED UNTIL MAY 15 2024 VILMA HERAMIA 434739 false X NONE X 2014 NY NELSON LUQUER HOUSING DEVELOPMENT FUND CORPORATION (HDFC) ACQUIRED AND REHABILITATED FIVE LOW-INCOME HOUSING BUILDINGS LOCATED IN BROOKLYN. THESE BUILDINGS HAVE IN TOTAL 44 UNITS RENTED TO ELIGIBLE TENANTS. 3 3 0 3 0 0 425133 434391 0 33617 348 458750 434739 0 0 87767 63606 0 0 493445 524015 581212 587621 -122462 -152882 2607114 2598032 3654658 3798458 -1047544 -1200426 X THE HDFC WAS ORGANIZED TO ACQUIRE, REHABILITATE, MAINTAIN, AND OPERATE SIX LOW-INCOME BUILDINGS, WITH 44 UNITS LOCATED IN BROOKLYN, NEW YORK. THE HOUSING UNITS ARE OPERATED FOR PERSONS OF LOW-INCOME WITHIN THE MEANING OF ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW. false false 467837 434739 ON SEPTEMBER 29, 2014, THE SIX BUILDINGS, WITH 44 UNITS WERE TRANSFERED TO NELSON LUQUER HOUSING DEVELOPMENT FUND CORPORATION FOR THE CONTINUING PURPOSE OF REHABILITATING AND OPERATING THE RENTAL UNITS FOR ELIGIBLE LOW- INCOME OCCUPANTS. THE REHABILITATION AND WEATHERIZATIO PROJECT WAS COMPLETED IN 2015. 467837 true false false false false false false false false false true false false 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 false false false false false true 0 0 0 false false false false false false false false false false X 3 3 false true false false false false false true true false false true true true true true true false false false NY X X CONCORD MANAGEMENT OF NY 6314217371 1328 NEW YORK HUNTINGTON STATION NY 11746 X GEORGE FIALA TREASURER 1.00 X X 0 0 0 CYNTHIA GONZALEZ PRESIDENT 1.00 X X 0 0 0 VILMA HERAMIA EXECUTIVE DI 4.00 40.00 X X 0 0 0 BENJAMIN M LEVINE VICE PRESIDE 1.00 X X 0 0 0 false false false RENTAL INCOME FOR LOW-INCOME 531110 434391 434391 434391 MISCELLANEOUS INCOME 900099 348 348 348 434739 434739 56680 47946 8734 6926 5859 1067 95799 95799 7084 7084 13208 13208 967 967 16583 16583 162938 162938 66247 66247 REPAIRS AND MAINTENANCE 100135 100135 CONCESSIONS 57177 57177 MISCELLANEOUS 3877 3868 9 587621 467837 119784 0 8256 19901 161655 271151 23060 16247 2732865 933804 1799061 1799061 615082 491672 2607114 2598032 177655 321505 3341007 3341007 135996 135946 3654658 3798458 X -1047544 -1200426 -1047544 -1200426 2607114 2598032 -152882 X X false false false X 420342 393355 426135 425133 434391 2099356 420342 393355 426135 425133 434391 2099356 2099356 4468 4468 4468 4468 40 44234 4764 33617 348 83003 420382 437589 435367 458750 434739 2186827 0.96000 0.95100 0.00000 0.01000 X PART III, LINE 12 OTHER INCOME 83,003 6 6 2732859 933804 1799055 1799061 OPERATING RESERVE 310564 CAPITAL RESERVE 155730 TENANT SECURITY DEPOSITS 25378 491672 DUE TO AFFILIATES 111853 TENANT SECURITY DEPOSITS 20130 DEFERRED REVENUE 3963 135946 X SCHEDULE D, PAGE 3, PART X THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE ORGANIZATION IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO 2020. FORM 990 - ORGANIZATION'S MISSION THE HDFC WAS ORGANIZED TO ACQUIRE, REHABILITATE, MAINTAIN, AND OPERATE SIX LOW-INCOME BUILDINGS, WITH 44 UNITS LOCATED IN BROOKLYN, NEW YORK. THE HOUSING UNITS ARE OPERATED FOR PERSONS OF LOW-INCOME WITHIN THE MEANING OF ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW. FORM 990, PAGE 6, PART VI, LINE 3 THE BOARD HAS ENGAGED CONCORD MANAGEMENT OF NY TO PROVIDE MANAGEMENT SERVICES OF ITS RENTAL PROPERTY. THE MANAGEMENT COMPANY REPORTS TO THE BOARD ON A MONTHLY BASIS. FORM 990, PAGE 6, PART VI, LINE 11B THE DRAFT IS REVIEWED BY MANAGEMENT AND THEN PROVIDED TO THE BOARD MEMBERS FOR REVIEW, COMMENTS AND APPROVAL FOR FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO COMPLETE A DISCLOSURE OF ANY CONFLICT OF INTEREST OR POTENTIALLY A CONFLICT OF INTEREST. IF ANY, THE BOARD MEMBER WILL BE RECUSED FROM PARTICIPATING IN DISCUSSIONS AND VOTING ON MATTERS RELATED TO CONFLICT. FORM 990, PAGE 6, PART VI, LINE 18 THE HDFC'S FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PAGE 6, PART VI, LINE 19 THE HDFC'S FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE MANAGING AGENT, CONCORD MANAGEMENT OF NY LOCATED AT 1328 NEW YORK AVE, HUNTINGTON STATION, NY 11746. FORM 990, PART XII FORM 990, PART XII, LINE 2B - REASON FOR NOT UNDERGOING AUDIT FINANCIAL STATEMENTS FOR FY 2023 ARE STILL IN PROGRESS. FORM 990, PAGE 12, PART XII, LINE 2C THERE WAS NO CHANGE FROM PRIOR YEAR.