2021-10-21T09:37:12-05:00 2020-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2020-01-01 800522071 ACTORS FUND HOUSING DEVELOPMENT CORPORATION ACTO 2122217300 729 SEVENTH AVENUE 10TH FL NEW YORK NY 10019 CONNIE YOO TREASURER 2122217300 2021-10-21 1 CONNIE YOO XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOSEPH BENINCASA 729 SEVENTH AVENUE 10TH FL NEW YORK NY 10019 3685702 0 X ACTORSFUND.ORG/HOUSING-DEVELOPMENT-CORPORATION X 2009 NY TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS & ENTERTAINMENT COMMUNITY. 14 10 0 0 0 0 776964 852963 2469452 2832297 448858 442 0 0 3695274 3685702 0 0 0 0 0 140774 0 0 0 3540922 3090491 3540922 3231265 154352 454437 17640627 17219910 21133280 20258126 -3492653 -3038216 X TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS COMMUNITY THAT IMPROVES LIVES, FOSTERS ECONOMIC DEVELOPMENT AND REVITALIZES COMMUNITIES. (CONTINUED IN SCHEDULE O).AFHDC EDUCATES THE PERFORMING ARTS AND ENTERTAINMENT COMMUNITY ABOUT AFFORDABLE HOUSING AND THE APPLICATION PROCESS AND WORK WITH DEVELOPERS AND GOVERNMENT ENTITIES TO INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR ARTS WORKERS. 0 0 3004872 1545718 THE DOROTHY ROSS FRIEDMAN RESIDENCE, LOCATED AT 475 WEST 57TH STREET IN NEW YORK CITY, HAS 178 SHARED RESIDENTIAL UNITS PROVIDING SUPPORTIVE HOUSING TO SPECIAL LOW-INCOME GROUPS INCLUDING SENIORS, WORKING PROFESSIONALS AND PEOPLE LIVING WITH HIV/AIDS. ON-SITE SOCIAL SERVICES ARE PROVIDED, INCLUDING INFORMATION AND REFERRAL TO COMMUNITY RESOURCES, ENTITLEMENT PROGRAM ADVOCACY, COORDINATION OF HOME CARE AND MEDICAL SERVICES, OUTREACH, HEALTH EDUCATION, SUPPORT GROUPS. FOR MORE INFORMATION, PLEASE VISIT - HTTPS://ACTORSFUND.ORG/SERVICES-AND-PROGRAMS/DOROTHY-ROSS-FRIEDMAN-RESIDENCE. 184193 1286562 A SUBSIDIARY OF THE ACTORS FUND, AFHDC WAS CREATED TO DEVELOP NEW AFFORDABLE HOUSING FOR THE PERFORMING ARTS AND ENTERTAINMENT COMMUNITY. OUR HOUSING PORTFOLIO CONSISTS OF 558 UNITS SPANNING FOUR MAJOR DEVELOPMENTS, ALL OF WHICH ARE CONNECTED TO SUPPORTIVE SERVICES. 81 17 THE PALM VIEW, LOCATED AT 980 NORTH PALM, IS A 40-UNIT APARTMENT COMPLEX THAT PROVIDES HOMES TO LOW-INCOME PEOPLE WITH DISABILITIES OR WHO ARE LIVING WITH HIV/AIDS IN WEST HOLLYWOOD, CALIFORNIA. FOR MORE INFORMATION, PLEASE VISIT - HTTPS://ACTORSFUND.ORG/SERVICES-AND-PROGRAMS/PALM-VIEW. 3189146 1 1 0 1 0 0 0 0 0 0 1 0 0 0 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 1 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA NJ NY X X CONNIE YOO 2122217300 729 SEVENTH AVENUE 10TH FL NEW YORK NY 10019 JOSEPH BENINCASA PRESIDENT 10.00 40.00 X X 0 469315 101830 BARBARA DAVIS SECRETARY 10.00 40.00 X X 0 278326 80653 CONNIE YOO TREASURER 10.00 40.00 X X 0 250981 87574 ROBERT WANKEL CHAIRMAN 1.00 1.00 X X 0 0 0 ABBY HAMLIN DIRECTOR 1.00 0.00 X 0 0 0 ROCCO LANDESMAN DIRECTOR 1.00 0.00 X 0 0 0 STEWART LANE DIRECTOR (AS OF 02/2020) 1.00 0.00 X 0 0 0 ANTHONY MARCHETTA DIRECTOR (AS OF 02/2020) 1.00 0.00 X 0 0 0 KEITH MCNUTT VICE PRESIDENT (AS OF 02/2020) 10.00 40.00 X X 0 188703 53783 WENDY ROWDEN DIRECTOR 1.00 0.00 X 0 0 0 DAVID STEINER DIRECTOR 1.00 0.00 X 0 0 0 DAVID WALSH DIRECTOR 1.00 0.00 X 0 0 0 STEVE WEISS DIRECTOR (AS OF 02/2020) 1.00 0.00 X 0 0 0 DAVID WHITE DIRECTOR 1.00 1.00 X 0 0 0 0 1187325 323840 0 0 1 0 BREAKING GROUND MANAGEMENT 505 8TH AVENUE NEW YORK NY 10018 MANAGEMENT 888828 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON ST CONSHOHOCKEN PA 19428 SECURITY 289596 2 852963 852963 TENANT RENTAL REVENUE 900099 1545735 1545735 DEVELOPERS FEE INCOME 900099 1194059 1194059 FEE FOR SERVICE INCOME 900099 92503 92503 2832297 442 442 3685702 2832297 0 442 118109 118109 6293 6293 967 967 15405 15405 891468 891468 68852 47723 21129 20000 20000 4091 4091 164025 163406 619 13185 13035 150 598297 598297 5019 5019 221 221 43513 43513 762982 762982 162875 162875 SECURITY 340654 340654 BAD DEBT EXPENSE 15309 15309 3231265 3189146 42119 0 451622 515697 103344 103786 69093 130338 24378 58987 22639655 6228553 16992190 16411102 17640627 17219910 195667 226329 13968 38638 20783424 19730463 140221 262696 21133280 20258126 X -3492653 -3038216 -3492653 -3038216 17640627 17219910 454437 0 X 0 1 X 1 1 1 X 765650 766787 821746 776964 852963 3984110 765650 766787 821746 776964 852963 3984110 3984110 446 1012 2011 448858 442 452769 4436879 9658672 0.89800 0.89720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3231265 3231265 311563 77891 0 0 295963 306524 327046 311563 1241096 1861644 73991 76631 81762 77891 310275 465413 FORM 990, SCHEDULE C, PART II-A: THE ACTORS FUND HOUSING DEVELOPEMENT CORPORATION DID NOT ENGAGE IN ANY LOBBYING ACTIVITIES IN CALENDAR YEAR 2020. THE ORGANIZATION IS SOLELY FILING A SCHEDULE C BECAUSE IT PREVIOUSLY MADE THE 501(H) LOBBYING ELECTION AND IS REQUIRED TO FILE THE SCHEDULE C ACCORDINGLY. 3500050 3500050 18152297 5782529 12369768 844575 392043 452532 142733 53981 88752 16411102 PAYCHECK PROTECTION PROGRAM FORGIVABLE LOAN 145975 OTHER LIABILITIES 116721 262696 X PART X, LINE 2: THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION DOES NOT RECEIVE ITS OWN STANDALONE FINANCIAL STATEMENTS; ITS FINANCIAL OPERATIONS ARE REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF ITS RELATED ENTITY, THE ACTOR'S FUND OF AMERICA. THE BELOW FIN-48 FOOTNOTE IS REPORTED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. UNDER THE ASC TOPIC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, GUIDANCE WAS ISSUED WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS STANDARD PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE STANDARD ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE ACTORS FUND DOES NOT BELIEVE IT HAS ANY UNCERTAIN TAX POSITIONS. THE ACTORS FUND HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, TO IDENTIFY AND REPORT UNRELATED INCOME, DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS, AND TO REVIEW OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. 0 1 0 0 0 0 0 0 0 JOSEPH BENINCASA PRESIDENT 0 388915 0 0 0 80400 0 70755 0 31075 0 571145 0 0 BARBARA DAVIS SECRETARY 0 269926 0 0 0 8400 0 49571 0 31082 0 358979 0 0 CONNIE YOO TREASURER 0 242581 0 0 0 8400 0 41029 0 46545 0 338555 0 14001 KEITH MCNUTT VICE PRESIDENT (AS OF 02/2020) 0 177074 0 0 0 11629 0 27623 0 26160 0 242486 0 0 PART I, LINE 3 ACTORS FUND HOUSING DEVELOPMENT CORPORATION ("AFHDC") DOES NOT COMPENSATE ANY OF THE INDIVIDUALS REPORTED IN SCHEDULE J OF THE FORM 990; COMPENSATION REPORTED IN THAT SCHEDULE IS PAID BY ITS PARENT ORGANIZATION, THE ACTORS' FUND OF AMERICA ("AFA"). SINCE AFHDC DOES NOT PROVIDE ANY COMPENSATION, SCHEDULE J, PART I, QUESTION 3 IS LEFT BLANK. FOR MORE INFORMATION ABOUT THE PROCEDURES EMPLOYED TO DETERMINE THE COMPENSATION OF THE INDIVIDUALS REPORTED ON THE AFHDC FORM 990, PLEASE REFER TO SCHEDULE J OF THE AFA FORM 990. PART I, LINE 4B FOR THE YEAR ENDING DECEMBER 31, 2020, PRESIDENT & CEO, CHIEF OPERATING OFFICER, AND CHIEF FINANCIAL OFFICER PARTICIPATED IN THE RELATED ORGANIZATION'S SUPPLEMENTAL 457(F)NONQUALIFIED RETIREMENT PLAN. SECTION 457(F) DEFERRALS FOR THESE INDIVIDUALS WERE $29,201, $8,384, AND $2,221. RESPECTIVELY AND ARE REPORTED IN SCHEDULE J, PART II, COLUMN (C). GENERAL STATEMENT REGARDING IMPACT OF COVID-19: IN MARCH 2020, THE WORLD HEALTH ORGANIZATION DECLARED COVID-19, THE DISEASE CAUSED BY THE NOVEL CORONAVIRUS, A PANDEMIC, WHICH STARTED TO AND CONTINUES TO SPREAD THROUGHOUT THE UNITED STATES. AS A RESULT OF THE COVID-19 PANDEMIC, BROADWAY, AND FILM AND TELEVISION, THEATER, CONCERTS, DANCE, MUSIC AND MANY OTHER AREAS OF ENTERTAINMENT WERE SHUTDOWN. THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION HAS PARTNERED WITH OTHER ENTERTAINMENT INDUSTRY ORGANIZATIONS TO PROVIDE EMERGENCY FINANCIAL ASSISTANCE GRANTS TO THOSE IN IMMEDIATE FINANCIAL NEED. ADDITIONALLY, IN RESPONSE TO THE PANDEMIC, THE ACTORS FUND INCURRED ADDITIONAL COSTS FOR TESTING, PERSONAL PROTECTIVE EQUIPMENT, AND OTHER OPERATING COSTS ASSOCIATED WITH ENSURING EMPLOYEE AND RESIDENT SAFETY WHILE OPERATING DURING THE PANDEMIC. ON AUGUST 13, 2020, THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION WAS GRANTED A PPP LOAN IN THE AGGREGATE AMOUNT OF $145,975, PURSUANT TO THE SMALL BUSINESS ADMINISTRATION PAYCHECK PROTECTION PROGRAM (THE "SBA PPP") UNDER THE CARES ACT, WHICH WAS ENACTED MARCH 27, 2020. THE PPP LOAN BEARS INTEREST AT A RATE OF 1% PER ANNUM, PAYABLE MONTHLY COMMENCING ON NOVEMBER 1, 2020. FUNDS FROM THE LOAN MAY ONLY BE USED FOR PAYROLL COSTS, COSTS USED TO CONTINUE GROUP HEALTH CARE BENEFITS, MORTGAGE PAYMENTS, RENT, AND UTILITIES. THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION USED THE ENTIRE LOAN AMOUNT FOR QUALIFYING EXPENSES. UNDER THE TERMS OF THE SBA PPP, CERTAIN AMOUNTS OF THE LOAN MAY BE FORGIVEN IF THEY ARE USED FOR QUALIFYING EXPENSES AS DESCRIBED IN THE CARES ACT. THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION ANTICIPATES RECEIVING FULL FORGIVENESS OF ITS PPP LOAN. FORM 990, PART VI, SECTION A, LINE 3 THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION IS THE SOLE CORPORATE MEMBER OF FRIEDMAN RESIDENCE LLC (SEE SCHEDULE R). THE BUILDING OWNED BY THIS DISREGARDED ENTITY IS MANAGED BY BREAKING GROUND MANAGEMENT COMPANY, AN UNRELATED THIRD PARTY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE FULL BOARD OF DIRECTORS FOR DISCUSSION AND COMMENT. EACH DIRECTOR WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ACTORS FUND HOUSING DEVELOPMENT CORPORATION ("AFHDC") HAS A CONFLICT OF INTEREST POLICY WRITTEN IN THE BY-LAWS, AND ALL OFFICERS AND DIRECTORS ARE REQUIRED TO SUBMIT THE CONFLICT OF INTEREST POLICY FORM ON AN ANNUAL BASIS AT A MINIMUM. ALL INDIVIDUALS ARE REQUIRED TO INFORM THE ORGANIZATION WHEN A CONFLICT OF INTEREST CIRCUMSTANCE ARISES SO THAT IT CAN BE RESOLVED IMMEDIATELY AND CORRECTIVE ACTION TAKEN IF NECESSARY. FORM 990, PART VI, SECTION B, LINES 13 & 14: ACTORS FUND HOUSING DEVELOPMENT CORPORATION ("AFHDC") OPERATES UNDER THE WHISTLEBLOWER AND DOCUMENT RETENTION POLICY OF ITS PARENT ORGANIZATION, THE ACTORS' FUND OF AMERICA. FORM 990, PART VI, SECTION C, LINE 19 ACTORS FUND HOUSING DEVELOPMENT CORPORATION'S FORM 990 AND FINANCIAL STATEMENTS ARE POSTED ON THE WEBSITE OF ITS PARENT ORGANIZATION, THE ACTORS FUND. THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FRIEDMAN RESIDENCE LLC 729 SEVENTH AVENUE FLOOR 10 NEW YORK NY 10019 454730907 HOUSING NY 2348541 17518960 AFHDC ACTORS FUND - CARNEGIE LLC 729 SEVENTH AVENUE FLOOR 10 NEW YORK NY 10019 800522071 REAL ESTATE NY 15000 0 AFHDC ACTORS FUND - ASHLAND LLC 729 SEVENTH AVENUE FLOOR 10 NEW YORK NY 10019 464280044 REAL ESTATE NY 15000 0 AFHDC ACTORS FUND 980 NORTH PALM LLC 5757 WILSHIRE BLVD SUITE 400 LOS ANGLES CA 90036 831186000 HOUSING CA 0 0 AFHDC THE ACTORS' FUND OF AMERICA 729 SEVENTH AVENUE NEW YORK NY 10019 131635251 HUMAN SERVICE NY 501(C)(3) LINE 7 N/A 0 980 NORTH PALM LP 5757 WILSHIRE BLVD STE 400 LOS ANGELES CA 90036 320572911 HOUSING CA N/A RELATED 17 652 0 1 0.00010 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THE ACTORS' FUND OF AMERICA C 852963 FMV