2025-12-19T12:07:38-06:00 2025-02-28 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-03-01 141548784 VARICK-PETERSON HOUSING DEVELOPMENT FUND COMPANY INC VARI 8453682400 121-A VARICK HOMES NEWBURGH NY 12550 ONYX PETERSON TREASURER 8453682400 2025-12-19 1 1 TRACY CAI P01959755 9143818900 2025-12-19 2024 2025-03-06 01:10:19Z EBONY PETERSON ANDERSON 121-A VARICK HOMES NEWBURGH NY 12550 2150951 0 X N/A X 1968 NY TO PROVIDE LOW INCOME HOUSING FOR 122 UNITS UNDER THE NATIONAL HOUSING ACT. 4 4 0 4 0 0 1152273 1136357 1052763 982995 0 0 24195 31599 2229231 2150951 0 0 0 0 0 0 0 0 0 1864362 2230229 1864362 2230229 364869 -79278 5130143 5118942 351298 419375 4778845 4699567 VARICK-PETERSON HOUSING DEVELOPMENT FUND COMPANY, INC. (THE"ENTITY") OPERATES A 122-UNIT RESIDENTIAL APARTMENT BUILDING COMPLEX IN NEWBURGH, NEW YORK UNDER SECTION 215 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPT. OF HOUSING & URBAN DEVELOPMENT. 0 0 1584029 0 982995 OPERATION OF A RESIDENTIAL APARTMENT COMPLEX CONSISTING OF 122 RENTAL UNITS IN NEWBURGH, NEW YORK. 1584029 1 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 NY X X UNITED PLUS PROPERTY MANAGEMENT LLC 8453682400 121-A VARICK HOMES NEWBURGH NY 12550 X EBONY PERTERSON-ANDERSON PRESIDENT 15.00 X X 0 0 0 RIKI PETERSON-JICHA VICE-PRESIDENT/SECRETARY 5.00 X X 0 0 0 ONYX PETERSON TREASURER 15.00 X X 0 0 0 RICHARD PERTERSON III DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 0 1136357 1136357 RENTAL INCOME 531120 982995 982995 982995 MISCELLANEOUS REVENUE 900099 19863 19863 LAUNDRY AND VENDING 900099 9262 9262 OTHER TENANT CHARGES 900099 2474 2474 31599 2150951 982995 0 31599 102000 102000 11474 11474 18430 18430 138093 128453 9640 461 461 45965 7260 38705 15121 15121 841362 817540 23822 2788 2788 138961 138961 PURCHASED SERVICES 442837 243674 199163 REPAIRS & MAINTENANCE 243141 243141 BAD DEBT EXPENSE 202667 202667 ADMINISTRATIVE EXPENSE 26929 5000 21929 2230229 1584029 646200 0 301419 1464785 1148836 225961 123928 173290 6810904 6451113 442888 359791 3113072 2895115 5130143 5118942 208825 278348 53746 56949 88727 84078 351298 419375 X 4778845 4699567 4778845 4699567 5130143 5118942 -79278 0 X 0 1 X 0 1 1 X 1053875 1146431 1095707 1152273 1136357 5584643 777467 771271 847183 1052763 982995 4431679 10532 15359 10824 0 11736 48451 1841874 1933061 1953714 2205036 2131088 10064773 0 0 0 10064773 2401 2683 24001 0 0 29085 2401 2683 24001 0 0 29085 1485 2518 3040 24195 19863 51101 1845760 1938262 1980755 2229231 2150951 10144959 0.99210 0.98990 0.00290 0.00320 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 1,485. 2021 AMOUNT: $ 2,518. 2022 AMOUNT: $ 3,040. 2023 AMOUNT: $ 24,195. 2024 AMOUNT: $ 19,863. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 19000 19000 6515165 6258477 256688 221572 137469 84103 55167 55167 0 359791 TENANT SECRUITY DEPOSITS HELD IN TRUST 59818 CASH ESCROW 2835297 2895115 DUE TO HUD 84078 84078 X 2150951 0 2150951 0 2150951 2230229 0 2230229 0 2230229 PART IV, LINE 2B: FUNDS FOR THE PERSONAL USE OF RESIDENTS AND FUNDS RECEIVED AS SECURITY DEPOSITS FOR SERVICES ARE HELD IN TRUST FOR THE RESIDENTS BY THE ENTITY. THESE FUNDS ARE SEGREGATED IN A SEPARATE INTEREST-BEARING ACCOUNT FOR THE TENANTS' BENEFIT AND ARE NOT AVAILABLE FOR OTHER USES. PART X, LINE 2: THE ENTITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ENTITY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ENTITY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO FEBRUARY 28, 2022. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING BOARD MEMBERS HAVE A FAMILY RELATIONSHIP: EBONY PETERSON-ANDERSON, RIKI PETERSON-JICHA, ONYX PETERSON, AND RICHARD PETERSON. FORM 990, PART VI, SECTION A, LINE 3 THE ENTITY PURCHASES MANAGEMENT SERVICES FROM UNRELATED MANAGEMENT SERVICES CORPORATIONS. THE ENTITY ENGAGED UNITED PLUS PROPERTY MANAGEMENT, LLC. IN THE AGREEMENT FEES ARE CHARGEABLE AT THE HIGHER OF $8,500 PER MONTH OR 5% OF MONTHLY GROSS RENT COLLECTIONS. TOTAL FEES INCURRED FOR MANAGEMENT SERVICES FOR THE TAX YEAR ENDED FEBRUARY 28, 2025 WAS $102,000. NONE OF THE ORGANIZATION'S OFFICERS LISTED IN PART VII WERE COMPENSATED BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 8B THE ENTITY DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ENTITY 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 THE TREASURER AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD OF DIRECTORS AND SUBSEQUENTLY FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THE ENTITY MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS AND ARTICLES OF INCORPORATION ARE ALSO AVAILABLE UPON WRITTEN REQUEST.