2026-08-17T10:51:32-05:00 2025-09-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 878 VETERANS MEMORIAL HWY 4TH FLOOR HAUPPAUGE NY 11788 990 2024-10-01 112614312 FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY INC FARM 5164861000 CO STANAN MANAGEMENT 33 FRONT ST HEMPSTEAD NY 11550 STEPHEN KRESSEL PRESIDENT 5167985363 2026-08-17 1 1 GARRETT M HIGGINS P00543209 6314349500 2026-08-16 2024 2025-03-06 01:10:19Z STEPHEN KRESSEL 14 BELLAIRE ROAD MASSAPEQUA NY 11758 2480016 0 X N/A X 1983 NY THE COMPANY PROVIDES HOUSING FOR LOW INCOME, ELDERLY AND HANDICAPPED INDIVIDUALS WHO ARE ABLE TO LIVE INDEPENDENTLY ON A NOT-FOR-PROFIT BASIS. RENTS PAID BY THE TENANTS ARE SUBSIDIZED BY THE US DEPARTMENT OF H.U.D THROUGH SECTION 8 RENT ASSISTANCE PAYMENTS. THE PROJECT (BUILDING) WAS FINANCED WITH A MORTGAGE FROM H.U.D. 15 15 0 15 0 0 1299860 1295577 349559 351337 128696 141116 2961 2906 1781076 1790936 0 0 0 0 0 0 0 0 0 798537 875658 798537 875658 982539 915278 4734942 5309939 489875 160478 4245067 5149461 X THE COMPANY HAS BEEN ORGANIZED EXCLUSIVELY TO DEVELOP ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR ELDERLY AND HANDICAPPED PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS, WHICH PROJECT IS TO BE AIDED BY A FEDERALLY-AIDED MORTGAGE, STATE-AIDED MORTGAGE OR MUNICIPALLY-AIDED MORTGAGE AS DEFINED IN SECTION 572 OF THE PRIVATE HOUSING FINANCE LAW OF THE STATE OF NEW YORK. 0 0 613453 0 351337 THE COMPANY PROVIDES HOUSING FOR THE ELDERLY AND HANDICAPPED. HUD PROJECT NUMBER 012 EH 288 IS AN 80-UNIT APARTMENT FACILITY, LOCATED IN FARMINGDALE, NEW YORK. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND IS REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.THE PROJECT ALSO IS SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS (HAP) AGREEMENTS WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. 613453 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 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 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 1 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 0 NY X X STANAN MANAGEMENT CORP 5164861000 33 FRONT STREET HEMPSTEAD NY 11550 X STEPHEN KRESSEL ESQUIRE TREASURER/PRESIDENT 1.00 X X 0 0 0 KATHERINE MCDONALD SECRETARY 1.00 X X 0 0 0 REVEREND EDWARD BARNETT BOARD MEMBER 1.00 X 0 0 0 REVEREND FATHER BRIAN BARRY BOARD MEMBER 1.00 X 0 0 0 JOSEPH CARASELLA BOARD MEMBER 1.00 X 0 0 0 PETER A CRUSCO ESQUIRE BOARD MEMBER 1.00 X 0 0 0 LYNN CONNOLLY BOARD MEMBER 1.00 X 0 0 0 MR DANNY GASTELUA BOARD MEMBER 1.00 X 0 0 0 ANITA GODFREY BOARD MEMBER 1.00 X 0 0 0 GAIL JEBY LEVY BOARD MEMBER 1.00 X 0 0 0 MS PRUDENCE MANALAKOS BOARD MEMBER 1.00 X 0 0 0 MSGR MARK ROWAN BOARD MEMBER 1.00 X 0 0 0 THOMAS SATTLER BOARD MEMBER 1.00 X 0 0 0 RABBI MOSHE WEISBLUM BOARD MEMBER 1.00 X 0 0 0 REVEREND DR CLAIRE HOJUNG WU BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1295577 1295577 RENTAL INCOME 531110 351337 351337 351337 141116 141116 689080 689080 0 LAUNDRY & VENDING INCOME 900003 1920 1920 FORFEITED SECURITY DEPOSITS 900003 986 986 2906 1790936 351337 0 144022 X 110367 110367 24089 24089 46100 46100 148536 74061 74475 7174 7174 3775 3775 111067 111067 69410 69410 143606 143606 REPAIRS & MAINTENANCE 211534 211534 875658 613453 262205 0 21356 19792 5989 6172 32485 15043 58288 63721 5715521 4069484 1658245 1646037 2958579 3559174 4734942 5309939 60217 68676 5194 4679 28387 27883 396077 59240 489875 160478 X 4245067 5149461 4245067 5149461 4734942 5309939 915278 -10884 0 X 0 1 X 1 1 1 X 1011615 1156442 1207169 1299860 1295577 5970663 285657 320789 305439 349559 351337 1612781 1920 1920 1920 1920 1920 9600 1299192 1479151 1514528 1651339 1648834 7593044 0 0 0 7593044 1057 7527 78880 128696 141116 357276 1057 7527 78880 128696 141116 357276 2847 1190 499 1041 986 6563 1303096 1487868 1593907 1781076 1790936 7956883 0.95430 0.96890 0.04490 0.03020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 439800 439800 4885514 3794212 1091302 4257 2923 1334 385950 272349 113601 1646037 TENANT SECURITY DEPOSITS 27883 RESTRICTED RESERVES (INCLUDES CASH AND 91-DAY T-BILL) 3293877 REFUNDABLE DEPOSITS 350 PAINTING AND INSURANCE RESERVES 237064 3559174 X 1780052 -10884 -10884 1790936 0 1790936 875658 0 875658 0 875658 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE APARTMENT. PART X, LINE 2: THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC, A NOT-FOR-PROFIT ORGANIZATION OPERATING UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS GENERALLY EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS A TAX POSITION; HOWEVER, THE CORPORATION HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE CORPORATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAX JURISDICTION. FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS. FORM 990, PART VI, SECTION A, LINE 3 STANAN MANAGEMENT MANAGES ALL OPERATIONS OF THE PROJECT, PROCESSES ALL FINANCIAL TRANSACTIONS, AND ENSURES THE PROJECT IS IN COMPLIANCE WITH HUD AND ALL OTHER RULES AND REGULATIONS. THE MANAGEMENT COMPANY WAS PAID $110,367 FOR ITS SERVICES WHICH WAS EQUAL TO 6.55% OF THE ORGANIZATION'S GROSS REVENUES. FORM 990, PART VI, SECTION A, LINE 6 THERE SHALL BE FIVE MEMBERS OF THE CORPORATION: 1. ST. KILIAN ROMAN CATHOLIC CHURCH 2. ST. LUKES LUTHERAN CHURCH 3. ST. THOMAS EPISCOPAL CHURCH 4. FARMINGDALE UNITED METHODIST CHURCH 5. CONGREGATION BETH TIKVAH (F/K/A FARMINGDALE JEWISH CENTER) FORM 990, PART VI, SECTION A, LINE 7A THE SPIRITUAL LEADER OF EACH MEMBER OF THE CORPORATION SHALL BE A DIRECTOR OF THE CORPORATION. EACH MEMBER SHALL ANNUALLY DESIGNATE ONE OR TWO ADDITIONAL DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WHO CAN ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AS WELL AS MANAGEMENT FOR REVIEW PRIOR TO ITS SUBMISSION. THE FORM IS THOROUGHLY REVIEWED BY EACH MEMBER AND ANY QUESTIONS ARE IMMEDIATELY ADDRESSED. FORM 990, PART VI, SECTION C, LINE 19 THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC. MAKES ALL DOCUMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 74,061. MANAGEMENT AND GENERAL EXPENSES 74,475. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 148,536.