2026-03-21T12:25:31-05:00 2023-12-31 334358135 SAX ADVISORS LLC 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2023-01-01 134074024 CENTER FOR URBAN REHABILITATION AND EMPOWERMENT INC CENT 9142070648 18 WARBURTON AVENUE 2A YONKERS NY 10701 LAMONT BROWN CHAIRPERSON 9142070648 2026-03-21 1 0 MARQUS WHITE P00053187 9734726250 2026-03-18 2023 2025-03-06 01:10:19Z X LAMONT BROWN 18 WARBURTON AVENUE 2A YONKERS NY 10701 590684 0 X WWW.CUREDEVELOPMENT.ORG X 1999 NY TO DEVELOP, BUILD, REHABILITATE AND/OR OWN HOUSING FOR FAMILIES OF LOW TO MODERATE MEANS. 5 4 0 4 0 0 640933 360000 100000 230431 0 247 0 6 740933 590684 0 0 0 0 0 174998 0 0 0 715625 399158 715625 574156 25308 16528 743425 730864 645478 616389 97947 114475 X TO DEVELOP, BUILD, REHABILITATE AND/OR OWN HOUSING FOR FAMILIES OF LOW TO MODERATE MEANS. 0 0 357872 230431 CURE MANAGES A HOME IMPROVEMENT PROGRAM WHICH IS FUNDED BY THE NEW YORK AFFORDABLE HOUSING CORP. CURE IDENTIFIES HOMEOWNERS WHO ARE IN NEED OF ASSISTANCE TO MAKE REPAIRS AND IMPROVEMENTS TO THEIR HOMES BUT WHO DO NOT HAVE THE FINANCIAL RESOURCES TO MAKE SUCH REPAIRS AND IMPROVEMENTS. CURE DETERMINES WHETHER THE HOMEOWNERS MEET INCOME ELIGIBILITY REQUIREMENTS, INSPECTS THE PROPERTIES TO DETERMINE REPAIRS NEEDED, IDENTIFIES CONTRACTORS AND OVERSEES THE IMPROVEMENTS. 89468 CURE SEEKS AND CREATES JOINT VENTURE PARTNERS TO APPLY FOR FUNDING FOR, AND IF SUCCESSFUL, TO DEVELOP AND CONSTRUCT AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME HOUSEHOLDS. THE PURPOSE OF THE PARTNERING IS TO HELP CURE SECURE THE RESOURCES AND EXPERTISE TO ASSIST CURE IN OBTAINING NECESSARY FINANCING, INCLUDING SUBSIDIES AND GRANTS AS WELL AS SKILLS TO ACQUIRE, CONSTRUCT, AND MANAGE THE DEVELOPMENT INCLUDING LEASING AND MANAGING THE BUILDINGS.CURE ALSO PROVIDES THE FOLLOWING SERVICES WHILE DEVELOPING AFFORDABLE HOUSING OPPORTUNITIES: COMMUNITY OUTREACH AND ASSESSMENT, PARTICIPATION IN PROJECT DESIGN AND APPROVAL MEETINGS, COMPLIANCE WITH LOCAL MBE WBE CONTRACTORS HIRING REQUIREMENTS, OUTREACH, TRAINING AND PARTICIPATING IN LEASE UP AND MANAGEMENT ROLES. 447340 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 NY X X JAMES L SIMMONS 9142070648 18 WARBURTON AVE YONKERS NY 10701 JAMES L SIMMONS JR EXECUTIVE DIR/SECRETARY 35.00 X X 174998 0 0 LAMOUNT BROWN CHAIRPERSON 2.00 X X 0 0 0 WALTER JACOBS BOARD MEMBER 2.00 X 0 0 0 LORRAINE COOPER TREASURER 2.00 X X 0 0 0 JERRY JONES BOARD MEMBER 2.00 X 0 0 0 174998 0 0 1 0 1 0 0 360000 360000 CONSULTING FEE 900099 190431 190431 PROJECT MANAGEMENT FEE 900099 20000 20000 PROJECT ADMINISTRATION 900099 20000 20000 230431 247 247 MISCELLANEOUS INCOME 900099 6 6 6 590684 230431 0 253 X 174998 87499 87499 46000 46000 4500 4500 250622 250622 12814 6407 6407 20825 10413 10412 10668 10668 23822 11911 11911 6940 3470 3470 OTHER DIRECT COSTS 17734 17734 UTILITIES 3533 1766 1767 REPAIRS AND MAINTENANCE 1700 850 850 574156 447340 126816 0 601275 518896 49550 100000 82280 12912 50000 69368 42600 42600 743425 730864 73752 4500 571726 611889 645478 616389 X 97947 114475 97947 114475 743425 730864 16528 0 X 1 X 0 0 0 X 164242 277500 276500 640933 360000 1719175 164242 277500 276500 640933 360000 1719175 1719175 247 247 6 6 1719428 536454 0.99990 0.80180 X PART II, SECTION B LINE 1 HAS BEEN UPDATED TO REPORT AMOUNTS PER 990S LISTED ON THE IRS/GUIDSTAR WEBSITES: 2019 - 164,242 2021 - $276,500 2022 - $640,933 2023 - $360,000 PROGRAM SERVICE REVENUE WAS INADVERTENTLY ENTERED ON LINE 10 IN PRIOR YEARS. THIS SHOULD BE REPORTED IN TOTAL ON LINE 12 FOR THE FIVE-YEAR PERIOD. 2019 - $17,462 2020 - $34,203 2021 - $109,557 2022 - $191,603 2023 - $230,437 LINE 12 NOW READS - $536,454. LINE 8 READS - $247 LINE 10 READS - $6 LINE 14 WAS 74.410% UPDATED TO 99.99% LINE 15 WAS BLANK, UPDATED TO 80.18% RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000 50000 32280 12912 19368 69368 SECURITY DEPOSITS 1600 OTHER ASSETS 41000 42600 X 0 0 0 0 0 0 0 0 0 JAMES L SIMMONS JR EXECUTIVE DIR/SECRETARY 174998 0 0 0 0 0 0 0 0 0 174998 0 0 0 990, PAGE 1, QUESTION B, AMENDED RETURN AMENDED RETURN EXPLANATION TAX YEAR: 2023 CALENDAR YEAR ENDING: 12/31/2023 THE ORGANIZATION IS AMENDING ITS 2023 FORM 990 TO CORRECT THE FOLLOWING: FORM 990 PAGE 1, PART I WAS UPDATED: LINES 3 WAS 4 UPDATED TO 5 LINE 8 CONTRIBUTIONS AND GRANTS WERE $400,000 UPDATED TO $360,000. LINE 12 TOTAL REVENUE WAS UPDATED FROM $630,684 TO $590,684. LINE 15 SALARIES, OTHER COMPENSATION, EMPLOYEE BENEFITS WERE UPDATED FROM $0 TO $174,998. LINE 17 OTHER EXPENSES WERE UPDATED FROM $614,156 TO $399,158. LINE 18 TOTAL EXPENSE WAS UPDATED FROM $614,156 TO $574,156. LINE 20 TOTAL ASSETS WAS UPDATED FROM $711,496 TO $730,864. LINE 21 TOTAL LIABILITIES WERE UPDATED FROM $114,475 TO $616,389. PAGE 2, PART III, LINE 4A PROGRAM EXPENSE WAS UPDATED FROM $539,767 TO $447,340 AN & REVENUE FROM 630,431 TO $230,431. PAGE 6, PART VI, LINE 1A NUMBER OF VOTING MEMBERS WAS UPDATED FROM 4 TO 5. PAGE 7, PART VII - UPDATED OFFICER & TRUSTEE LIST. PAGE 9, PART VIII STATEMENT OF REVENUE: LINE 1E GOVERNMENT GRANTS (CONTRIBUTIONS) WERE CHANGED FROM $400,000 TO $360,000. LINE 2 PROGRAM REVENUE MOVED FROM COLUMN D TO B. PAGE 10, PART IX, EXPENSE LINES CHANGES: LINE 5 WAS $0 CHANGED TO $174,998. LINE 11A WAS $0 CHANGED TO $46,000. LINE 11C WAS $0 CHANGED TO $4,500. LINE 11G WAS $0 CHANGED TO $250,622. LINE 24 WAS $551,901 CHANGED TO $22,967. LINE 12 TOTAL REVENUE AMOUNT COLUMNS A (TOTAL REVENUE), COLUMN B (RELATED OR EXEMPT FUNCTION REVENUE) AND COLUMN D (REVENUE EXCLUDED FROM TAX UNDER SECTION 512-514) WERE CHANGED FROM $630,684, $6 & $230,678 TO $590,684, $230,431 & $253. PAGE10, PART IX STATEMENT OF FUNCTIONAL EXPENSES WERE UPDATED AS FOLLOWS: LINE 5 WAS $0 TO $174,998. LINE 11A WAS $0 TO $46,000. LINE 11C WAS $0 TO $4,500. LINE 11G WAS $0 TO $250,622. LINE 13 WAS $0 TO $12,814. LINE 24A PROFESSIONAL EXPENSES WAS $225,498 TO OTHER DIRECT COSTS $17,734. LINE 24B DIRECT PROJECT CONSTRUCTION WAS $192,301 TO UTILITIES $3,533. LINE 24C OTHER DIRECT COSTS $ 76,055 TO REPAIRS & MAINTENANCE $1,700. LINE 24D PROJECT MANAGEMENT FEE WAS $20,000 TO $0. LINE 24C ALL OTHER EXPENSES WERE $38,047 TO $0. THE CORRECTED TOTAL EXPENSES WERE $614,156 TO $574,156. PAGE 11, PART X, BALANCE SHEET, COLUMN (B): LINES 10A 10C, WAS $50,000/$0/$0 CHANGED TO $82,280/$12,912/$69,368, RESPECTIVELY. LINES 26 & 33, WERE $711,496 UPDATED TO $730,864. LINE 23 , WAS $592,251 UPDATED TO $611,889. LINE 27, WAS ($35,082) UPDATED TO $114,475. LINE 28, WAS $149,557 UPDATED TO $0. PAGE 12, PART XI, RECONCILIATION OF NET ASSETS WERE UPDATED AS FOLLOWS: LINE 1 TOTAL REVENUE WAS $630,684 TO $590,684. LINE 2 TOTAL EXPENSES WERE $614,156 TO $574,156. AS A RESULT OF THE ABOVE, THE FOLLOWING SCHEDULES WERE CORRECTED: SCHEDULE A, PAGE 2, PART II SCHEDULE B, PAGE 2, PART I SCHEDULE D, PAGE 2, PART VI FORM 990, PART III, LINE 4B, DESCRIPTION OF PROGRAM SERVICE: CURE SEEKS AND CREATES JOINT VENTURE PARTNERS TO APPLY FOR FUNDING FOR, AND IF SUCCESSFUL, TO DEVELOP AND CONSTRUCT AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME HOUSEHOLDS.THE PURPOSE OF THE PARTNERING IS TO HELP CURE SECURE THE RESOURCES AND EXPERTISE TO ASSIST CURE IN OBTAINING NECESSARY FINANCING, INCLUDING SUBSIDIES AND GRANTS AS WELL AS SKILLS TO ACQUIRE, CONSTRUCT, AND MANAGE THE DEVELOPMENT INCLUDING LEASING AND MANAGING THE BUILDINGS. CURE ALSO PROVIDES THE FOLLOWING SERVICES WHILE DEVELOPING AFFORDABLE HOUSING OPPORTUNITIES: COMMUNITY OUTREACH AND ASSESSMENT, PARTICIPATION IN PROJECT DESIGN AND APPROVAL MEETINGS, COMPLIANCE WITH LOCAL MBE WBE CONTRACTORS HIRING REQUIREMENTS, OUTREACH, TRAINING AND PARTICIPATING IN LEASE UP AND MANAGEMENT ROLES. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION ONLY HAS A BOARD OF DIRECTORS. THERE ARE NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12 THE BOARD ADOPTED A FORMAL WRITTEN CONFLICT OF INTEREST POLICY IN 2025 COMPLYING WITH ALL APPLICABLE LAWS, WHICH REQUIRES OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO ANNUALLY DISCLOSE INTERESTS THAT MAY GIVE RISE TO CONFLICTS AND DISCUSSES ONGOING MONITORING AND ENFORCEMENT OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A OFFICER'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE ON THE ORGANIZATIONS WEBSITE AND IS AVAILABLE FOR PUBLIC INSPECTION BY ANYONE DURING NORMAL BUSINESS HOURS UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE LOCATED AT THE ORGANIZATION'S MAIN OFFICE AND AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G DIRECT FEES: PROGRAM SERVICE EXPENSES 250,622. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 250,622.