2025-01-13T09:22:49-06:00 2023-12-31 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2023-01-01 113440915 BSDC NEIGHBORHOOD HOMES HDFC BSDC 7183990146 460 NOSTRAND AVENUE BROOKLYN NY 11216 GREGORY ANDERSON PRESIDENT & CEO 7183990146 2025-01-13 1 0 DAVID A URBAN CPA P00630018 7166340700 2025-01-13 2023 2024-10-15 13:58:12Z X GREGORY ANDERSON 460 NOSTRAND AVENUE BROOKLYN NY 11216 126059 0 X WWW.BSDCORP.ORG X 1995 NY BSDC NEIGHBORHOOD HOMES HDFC'S PRIMARY MISSION IS TWOFOLD: (1) DEVELOPING AND UPGRADING HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN THE BEDFORD STUYVESANT AREA; AND (2) ENCOURAGING THE NEIGHBORHOOD STABILITY AND INFRASTRUCTURE DEVELOPMENT BY TAKING A LEADERSHIP ROLE IN HOUSING DEVELOPMENT. 6 6 0 0 0 0 0 70000 0 44068 791916 4265 0 7726 791916 126059 0 0 0 0 0 0 0 0 0 429826 293229 429826 293229 362090 -167170 1491781 1494073 13282 353365 1478499 1140708 X BSDC NEIGHBORHOOD HOMES HDFC'S PRIMARY MISSION IS TWOFOLD: (1) DEVELOPING AND UPGRADING HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN THE BEDFORD-STUYVESANT AREA; AND (2) ENCOURAGING THE NEIGHBORHOOD STABILITY AND INFRASTRUCTURE DEVELOPMENT BY TAKING A LEADERSHIP ROLE IN HOUSING DEVELOPMENT. 0 0 271020 44068 THE NEIGHBORHOOD HOMES PROGRAM IS DESIGNED TO DEVELOP PROPOSALS AND IDENTIFY SITES FOR AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME RESIDENTS OF BROOKLYN. 271020 1 1 0 0 0 0 0 0 0 0 0 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 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X DONALD MOORE 7183990146 460 NOSTRAND AVENUE BROOKLYN NY 11216 EDWARD ODOM JR CHAIRMAN 1.00 0.00 X X 0 0 0 PHYLLIS WHITE-THORNE VICE CHAIR 1.00 0.00 X X 0 0 0 ABITZEL ROBITSON-HOBSON TREASURER 1.00 0.00 X X 0 0 0 VALERIE KENDERICK-COUSIN SECRETARY 1.00 0.00 X X 0 0 0 DREXEL HARRIS MEMBER 1.00 0.00 X 0 0 0 NILES DANTE STEWART MEMBER 1.00 0.00 X 0 0 0 GREGORY ANDERSON PRESIDENT AND CEO 40.00 0.00 X 0 201108 23731 0 201108 23731 0 0 1 0 0 70000 70000 RENT 532000 44068 44068 44068 4265 4265 MISCELLANEOUS 900099 7726 7726 7726 126059 44068 0 11991 1922 1922 130 130 271020 271020 MISCELLANEOUS 19907 19907 LICENSES & BANK FEES 250 250 293229 271020 22209 0 398699 458070 1093082 1036003 1491781 1494073 5600 2100 6015 1667 351265 13282 353365 X 1478499 1140708 1478499 1140708 1491781 1494073 -167170 -170621 0 X X 0 1 X 1 0 X 70000 70000 25154 25433 25730 44068 120385 25154 25433 25730 114068 190385 0 0 0 190385 140727 112994 90940 1142 4265 350068 140727 112994 90940 1142 4265 350068 7726 7726 165881 138427 116670 1142 126059 548179 0.34730 0.18580 0.63860 0.81000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM AFFILIATES 763534 INVESTMENT IN REAL ESTATE PROJECTS 270802 TENANTS SECURITY DEPOSITS 1667 1036003 SECURITY DEPOSITS PAYABLE 1667 DUE TO AFFILIATES 349598 351265 X PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE CORPORATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE CORPORATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE CORPORATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. 0 0 0 0 0 0 0 0 0 GREGORY ANDERSON PRESIDENT AND CEO 0 201108 0 0 0 0 0 0 0 23731 0 224839 0 0 AMENDED FORM 990, PAGE 1: THE ORIGINAL RETURN WAS PREPARED AND FILED USING UNAUDITED FINANCIAL INFORMATION. THIS RETURN IS BEING AMENDED TO REFLECT THE INFORMATION AS REPORTED ON THE AUDITED FINANCIAL STATEMENTS. CHANGES TO FORM 990 ARE AS FOLLOWS: AS ORIGINALLY FILED: AS AMENDED: PART I, LINE 8: $200,593 $70,000 CONTRIBUTION PART I, LINE 9: 44,068 44,068 PROGRAM PART 1, LINE 10: 4,265 4,265 INVESTMENT PART I, LINE 11: 7,727 7,726 OTHER PART I, LINE 12: $256,653 $126,059 TOTAL REVENUE PART I, LINE 17: 594,744 293,229 OTHER EXPENSES PART I, LINE 18: 594,744 293,229 TOTAL EXPENSES PART I, LINE 19: ($338,091) ($167,170) REV LESS EXP PART I, LINE 20: 1,494,073 1,494,073 TOTAL ASSETS PART I, LINE 21: 353,665 353,365 TOTAL LIAB. PART I, LINE 22: 1,140,408 1,140,708 NET ASSETS CHANGES TO BALANCE SHEET, REVENUE AND EXPENSES ARE REFLECTED THROUGHOUT THE AMENDED RETURNS AND SUPPLEMENTAL SCHEDULES. 990 PAGE 7, PART VII,SECTION A: ADDED OFFICER BENEFITS FROM RELATED ORGANIZATION. 990, PAGE 12, PART XI, LINE 8: PRIOR PERIOD ADJUSTMENT OF ($170,621). FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND FINANCE DIRECTOR REVIEW THE ANNUAL FILINGS FOR COMPLETENESS AND ACCURACY. THE FINANCE DIRECTOR PRESENTS THEM TO THE FINANCE COMMITTEE FOR APPROVAL. THE FINANCE COMMITTEE THEN PRESENTS THEM TO THE BOARD FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ACKNOWLEDGEMENT OF POLICY; DISCLOSURE: EACH PERSON TO WHOM THIS POLICY APPLIES SHALL BE REQUIRED TO ACKNOWLEDGE IN WRITING ON THE FORM ATTACHED TO THIS POLICY THAT HE OR SHE HAS REVIEWED THIS POLICY AGREES TO ABIDE BY ITS REQUIREMENTS AND SHALL COMPLETE AND SUBMIT TO THE CORPORATION ANNUALLY THE DISCLOSURE WHICH IS REQUIRED BY THE ATTACHED ACKNOWLEDGMENT. ANY VIOLATION OF THIS POLICY SHALL BE REPORTED TO THE CHAIR OF THE BOARD (OR TO THE BOARD, IF THE CHAIR IS THE SUBJECT OF THE REPORT) AND TO CONFER WITH THE CHAIR (OR THE BOARD, AS APPLICABLE) REGARDING AN APPROPRIATE REMEDY. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED DECEMBER 31, 2023.