THE MULFORD CORPORATION: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE MULFORD CORPORATION (EIN 42-1690952)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202033219349322523
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-16T19:40:09-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 105281633 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 421690952 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MULFORD CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MULF | BusinessNameControlTxt |
| Phone | 4105058936 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1511 CENTRAL PARK AVE | AddressLine1Txt |
| City | YONKERS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10710 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRIAN SWEENEY | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 4105058936 | PhoneNum |
| Signature | 2020-11-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARRETT M HIGGINS | PreparerPersonNm |
| PTIN | P00543209 | PTIN |
| Phone | 9143818900 | PhoneNum |
| Preparation | 2020-11-16 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 24.190.81.120 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-16 | IPDt |
| IP Tm | 19:40:05 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 9616F4B14A694591D1E716C270910E6FA5556DA3 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRIAN SWEENEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1511 CENTRAL PARK AVE | AddressLine1Txt |
| City | YONKERS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10710 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $11,407,914 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2008 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | TO INCREASE THE ACCESSIBILITY OF LOW-INCOME HOUSING. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,733,564 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $11,377,760 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,631 | PYInvestmentIncomeAmt |
| CY Investment Income | $30,154 | CYInvestmentIncomeAmt |
| PY Other Revenue | $38,982 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $4,774,177 | PYTotalRevenueAmt |
| CY Total Revenue | $11,407,914 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $75,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $9,450 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $156,271 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $395,949 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $29,537 | PYOtherExpensesAmt |
| CY Other Expenses | $1,887,021 | CYOtherExpensesAmt |
| PY Total Expenses | $260,808 | PYTotalExpensesAmt |
| CY Total Expenses | $2,292,420 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,513,369 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $9,115,494 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,979,520 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,153,833 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $24,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $82,819 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,955,520 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $14,071,014 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO INCREASE THE ACCESSIBILITY OF LOW-INCOME HOUSING. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,782,395 | ExpenseAmt |
| Grant | $9,450 | GrantAmt |
| Revenue | $11,377,760 | RevenueAmt |
| Desc | PROVIDES SOCIAL SERVICES TO RESIDENTS OF THE LOW AND MODERATE INCOME HOUSING PROJECTS OPERATED BY THE MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS, TO INCREASE THE ACCESSIBILITY OF LOW-INCOME HOUSING, TO RAISE FUNDS TO SUPPLEMENT MHACY'S LOW-INCOME HOUSING PROJECTS. | Desc |
| Total Program Service Expenses | $1,782,395 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 10 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRIAN SWEENEY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4105058936 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1511 CENTRAL PARK AVE | AddressLine1Txt |
| City | YONKERS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10710 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| PETER SMITH | ||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOAN DEIERLAN | ||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOHN J MCDONALD | ||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JAMES J LANDY | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BRENDA GRAY | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WILDA MEJIAS | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GREG ARCARO | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PATRICK JAMES | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| HON ARTHUR J DURAN JR | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOSEPH SHULDINER | ||||||
| PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BRIAN SWEENEY | ||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| RIGHT SOURCE COMPLIANCE LLC - YARDI SYST | |||||
| 2822 LYNDALE AVENUE SOUTH | MINNEAPOLIS | MN | 55408 | CONSULTING SERVICES | $1,464,727 |
| THE FRESNEL GROUP | |||||
| 15049 DOUBLE BRIDGE COURT | GLENELG | MD | 21737 | MANAGEMENT SERVICES | $395,949 |
| FIRST FACILITY ADVISORS INC | |||||
| 10 SOUTH DIVISION STREET | NEW ROCHELLE | NY | 10805 | SECURITY CONSULTANT FEES | $195,121 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEVELOPER FEES | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $11,377,760 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,377,760 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $11,377,760 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $30,154 | TotalRevenueColumnAmt |
| Exclusion | $30,154 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,407,914 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,377,760 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $30,154 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,250 | TotalAmt |
| Program Services | $7,250 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,200 | TotalAmt |
| Program Services | $2,200 | ProgramServicesAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $395,949 | TotalAmt |
| Program Services | $86,129 | ProgramServicesAmt |
| Management And General | $309,820 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,251 | TotalAmt |
| Management And General | $122,251 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,198 | TotalAmt |
| Program Services | $17,445 | ProgramServicesAmt |
| Management And General | $62,753 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,991 | TotalAmt |
| Management And General | $10,991 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,835 | TotalAmt |
| Management And General | $2,835 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,375 | TotalAmt |
| Management And General | $1,375 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACQUISITION AND REHABIL | Desc |
| Total | $1,669,371 | TotalAmt |
| Program Services | $1,669,371 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,292,420 | TotalAmt |
| Program Services | $1,782,395 | ProgramServicesAmt |
| Management And General | $510,025 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,116,380 | BOYAmt |
| EOY | $1,424,829 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $440,843 | BOYAmt |
| EOY | $11,188,764 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $73,577 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,259 | BOYAmt |
| EOY | $581 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $421,038 | BOYAmt |
| EOY | $1,466,082 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,979,520 | BOYAmt |
| EOY | $14,153,833 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,000 | BOYAmt |
| EOY | $82,819 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,000 | BOYAmt |
| EOY | $82,819 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,955,520 | BOYAmt |
| EOY | $14,071,014 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,955,520 | BOYAmt |
| EOY | $14,071,014 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,979,520 | BOYAmt |
| EOY | $14,153,833 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $9,115,494 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| Supported Organizations | 2 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (2 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| CITY OF YONKERS | ||||
| 136007340 | 6 | 0 | $0 | $0 |
| MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS | ||||
| 136007014 | 6 | Yes (1) | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 2 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | 0 | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | Yes (1) | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | 0 | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (1) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | 0 | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Governmental Entity | Yes (X) | GovernmentalEntityInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, SECTION A, LINE 1: | THE SUPPORTED ORGANIZATION IS NOT LISTED IN THE CORPORATION'S GOVERNING DOCUMENTS. THE CORPORATION SUPPORTS THE CITY OF YONKERS WHICH SUPPORTS THE SAME CHARITABLE CLASS FOR INDIVIDUALS IN CONNECTION WITH THE GOALS OF THE MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS, NEW YORK ("MHACY"). THEREFORE, QUESTION ONE HAS BEEN ANSWERED NO. |
| PART IV, SECTION A, LINE 2: | THE CORPORATION SUPPORTS THE CITY OF YONKERS (THE "CITY"). THE CITY IS A LOCAL GOVERNMENT UNDER SECTION 170(B)(1)(A)(V) AND IS NOT REQUIRED TO OBTAIN RECOGNITION OF ITS PUBLIC CHARITY STATUS. THE CORPORATION DETERMINED THAT THE CITY WOULD BE DESCRIBED IN SECTION 509(A)(2) AS IT SERVES THE NEEDS OF THE GENERAL PUBLIC. |
| PART IV, SECTION E, LINE 1C: | THE CORPORATION SUPPORTS THE CITY OF YONKERS (THE "CITY"). THE CITY IS A LOCAL GOVERNMENT UNDER SECTION 170(B)(1)(A)(V). THE CORPORATION SUPPORTS THE CITY OF YONKERS WHICH SUPPORTS THE SAME CHARITABLE CLASS FOR INDIVIDUALS IN CONNECTION WITH THE GOALS OF THE MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS, NEW YORK. |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REIMBURSABLE REHABILITATION AND CARRYING COST | Desc |
| Book Value | $1,466,082 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,466,082 | TotalBookValueOtherAssetsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $11,407,914 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $11,407,914 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $11,407,914 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,292,420 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,292,420 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,292,420 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2016. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW YORK HOUSING CONFERENCE INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 247 W 37TH STREET FLOOR 4 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10018 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 263846042 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $7,250 | CashGrantAmt |
| Purpose Of Grant | SPONSORSHIP | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS AND SELECTION CRITERIA USED TO AWARD GRANTS. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FRESNEL GROUP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | OWNED BY THE WIFE OF THE CORPORATION'S SECRETARY | RelationshipDescriptionTxt |
| Transaction | $395,949 | TransactionAmt |
| Transaction | BUILDING CONSULTANT | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION HAS A MANAGEMENT AGREEMENT FOR CERTAIN ADMINISTRATIVE AND CONSULTING SERVICES WITH THE FRESNEL GROUP. THE FRESNEL GROUP SHALL PROVIDE FINANCIAL, ADMINISTRATIVE, AND PROGRAM AND DEVELOPMENT MANAGEMENT SERVICES TO ASSIST THE ORGANIZATION IN THE IMPLEMENTATION AND MANAGEMENT OF ITS RENTAL ASSISTANCE PROGRAMS. THERE ARE NO INDIVIDUALS REPORTED IN PART VII, SECTION A, WHO ARE COMPENSATED FOR SERVICES PROVIDED TO THE FILING ORGANIZATION AND RELATED ORGANIZATIONS DURING THE YEAR. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL "MHACY" AFFILIATED MEMBERS SHALL BE APPOINTED BY THE MAYOR OF THE CITY OF YONKERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION 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. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, PRINCIPAL OFFICERS, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. AFTER DISLCOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMITTEE SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE GOVERNING BOARD OR COMMITTEE SHALL REVIEW THE CONFLICT OF INTEREST AND DETERMINE BY MAJORITY VOTE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 1511 CENTRAL PARK AVENUE, YONKERS, NY 10710 OR BY CALLING THE ORGANIZATION DIRECTLY AT 410-505-8936. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| FORM 990, LINE 1: | ELECTION PURSUANT TO INTERNAL REVENUE CODE SECTION 168(H)(6)(F) ELECTION TO BE TREATED AS A TAXABLE ENTITY REFERENCE IS MADE TO TROY KRISTENSEN, L.P., A NEW YORK LIMITED PARTNERSHIP (THE "PARTNERSHIP"), OF WHICH TROY KRISTENSEN GP LLC, A NEW YORK LIMITED LIABILITY COMPANY (THE "GENERAL PARTNER") IS THE GENERAL PARTNER AND ENTERPRISE NEIGHBORHOOD IMPACT FUND II LLC, A DELAWARE LIMITED LIABILITY LIMITED COMPANY (THE LIMITED PARTNER"). THE MULFORD CORPORATION, A NEW YORK NOT-FOR-PROFIT CORPORATION (THE "EXEMPT ORGANIZATION") OWNS 100% OF THE ISSUED AND OUTSTANDING SHARES OF THE GENERAL PARTNER. WE ARE THE ACCOUNTANTS FOR THE EXEMPT ORGANIZATION. SECTION 168(H) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE") PROVIDES THAT WHERE A "TAX-EXEMPT CONTROLLED ENTITY" IS A PARTNER IN A PARTNERSHIP, AND THE ALLOCATION OF CERTAIN TAX ITEMS TO THAT PARTNER IS NOT A "QUALIFIED ALLOCATION" (AS THAT TERM IS DEFINED IN SECTION 168(H)(6)(B) OF THE CODE), THEN A "PROPORTIONATE SHARE" OF THE PARTNERSHIP'S PROPERTY, EQUAL TO THAT PARTNER'S HIGHEST SHARE IN THE PARTNERSHIP'S INCOME OR GAIN OF THE PARTNERSHIP, IS CONSIDERED "TAX-EXEMPT USE PROPERTY AND MUST BE DEPRECIATED USING THE ALTERNATIVE DEPRECIATION SYSTEM" PROVIDED BY SECTION 168(G) OF THE CODE. HOWEVER, NO PORTION OF THE PARTNERSHIP'S PROPERTY WILL BE TREATED AS TAX-EXEMPT USE PROPERTY AND DEPRECIATED USING THE ALTERNATIVE DEPRECIATION SYSTEM IF THE TAX-EXEMPT CONTROLLED ENTITY MAKES AN ELECTION (THE "SECTION 168(H)(6) ELECTION") UNDER SECTION 168(H)(6)(F)(II) TO NOT BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF SECTIONS 168(H)(5) AND (6) OF THE CODE. WE UNDERSTAND THAT IT IS MATERIAL TO THE LIMITED PARTNER THAT THE PARTNERSHIP'S PROPERTY NOT BE DEPRECIATED USING THE ALTERNATIVE DEPRECIATION SYSTEM, AND THAT THE LIMITED PARTNER ARE MAKING THEIR INVESTMENT IN RELIANCE UPON THE COVENANT OF THE GENERAL PARTNER AND THE EXEMPT ORGANIZATIONS TO ASSURE THAT A PROPER AND TIMELY SECTION 168(H)(6) ELECTION IS MADE. AS THE ACCOUNTANTS FOR THE EXEMPT ORGANIZATION, WE ACKNOWLEDGE THAT THE GENERAL PARTNER AND LIMITED PARTNER INTEND THAT THE SECTION 168(H)(6) ELECTION BE MADE ON A TIMELY BASIS. WE UNDERSTAND THAT: 1. THE SECTION 168(H)(6) ELECTION MUST BE MADE BY THE DUE DATE (INCLUDING EXTENSIONS) OF THE TAX RETURN FOR THE FIRST TAX YEAR THAT THE ELECTION APPLIES. WE EXPECT THIS DUE DATE (BEFORE EXTENSIONS) TO BE MAY 15, 2020, WHICH IS MAY 15 FOR THE YEAR FOLLOWING THE YEAR IN WHICH ALL OR ANY PORTION OF THE PARTNERSHIP'S HOUSING PROJECT IS PLACED IN SERVICE. 2. THE SECTION 168(H)(6) ELECTION MUST BE ATTACHED TO THE GENERAL PARTNER'S TAX RETURN, WITH A COPY ATTACHED TO THE TAX RETURN OF THE EXEMPT ORGANIZATION. 3. THE SECTION 168(H)(6) ELECTION SHALL: A. CONTAIN THE NAME, ADDRESS AND TAXPAYER IDENTIFICATION NUMBER OF THE GENERAL PARTNER, B. IDENTIFY THE ELECTION AS A SECTION 168(H)(6) ELECTION, C. STATE THAT THE ELECTION APPLIES TO ALL OF THE GENERAL PARTNER'S PROPERTY, AND THAT THE ELECTION APPLIES TO THE TAXABLE YEAR THAT THE PARTNERSHIP'S PROPERTY IS PLACED IN SERVICE AND ALL SUBSEQUENT YEARS, D. STATE THAT THE GENERAL PARTNER IS ENTITLED TO MAKE THE ELECTION BECAUSE IT IS A TAX-EXEMPT CONTROLLED ENTITY THAT IS TIMELY FILING THE ELECTION, AND E. INCLUDE SUCH OTHER INFORMATION AND COMPLY WITH SUCH OTHER REQUIREMENTS AS MAY BE DETERMINED BY THE INTERNAL REVENUE SERVICE OR THE UNITED STATES TREASURY DEPARTMENT. |
| FORM 990, LINE 1: | ELECTION PURSUANT TO INTERNAL REVENUE CODE SECTION 168(H)(6)(F) ELECTION TO BE TREATED AS A TAXABLE ENTITY REFERENCE IS MADE TO CALCAGNO PRESERVATION PARTNERS LLC, A NEW YORK LIMITED LIABILITY COMPANY (THE "COMPANY"), OF WHICH CALCAGNO PRESERVATION MM LLC, A NEW YORK LIMITED LIABILITY COMPANY (THE "MANAGING MEMBER") IS THE MANAGING MEMBER AND WELLS FARGO AFFORDABLE HOUSING COMMUNITY DEVELOPMENT CORPORATION, A NORTH CAROLINA CORPORATION (THE "INVESTOR MEMBER"). THE MULFORD CORPORATION, A NEW YORK NOT-FOR-PROFIT CORPORATION (THE "EXEMPT ORGANIZATION") OWNS 100% OF THE ISSUED AND OUTSTANDING SHARES OF THE MANAGING MEMBER. WE ARE THE ACCOUNTANTS FOR THE EXEMPT ORGANIZATION. SECTION 168(H) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE") PROVIDES THAT WHERE A "TAX-EXEMPT CONTROLLED ENTITY" IS A MEMBER IN A LIMITED LIABILITY COMPANY, AND THE ALLOCATION OF CERTAIN TAX ITEMS TO THAT MEMBER IS NOT A "QUALIFIED ALLOCATION" (AS THAT TERM IS DEFINED IN SECTION 168(H)(6)(B) OF THE CODE), THEN A "PROPORTIONATE SHARE" OF THE COMPANY'S PROPERTY, EQUAL TO THAT MEMBER'S HIGHEST SHARE IN THE COMPANY'S INCOME OR GAIN OF THE COMPANY, IS CONSIDERED "TAX-EXEMPT USE PROPERTY AND MUST BE DEPRECIATED USING THE ALTERNATIVE DEPRECIATION SYSTEM" PROVIDED BY SECTION 168(G) OF THE CODE. HOWEVER, NO PORTION OF THE COMPANY'S PROPERTY WILL BE TREATED AS TAX-EXEMPT USE PROPERTY AND DEPRECIATED USING THE ALTERNATIVE DEPRECIATION SYSTEM IF THE TAX-EXEMPT CONTROLLED ENTITY MAKES AN ELECTION (THE "SECTION 168(H)(6) ELECTION") UNDER SECTION 168(H)(6)(F)(II) TO NOT BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF SECTIONS 168(H)(5) AND (6) OF THE CODE. WE UNDERSTAND THAT IT IS MATERIAL TO THE INVESTOR MEMBER THAT THE COMPANY'S PROPERTY NOT BE DEPRECIATED USING THE ALTERNATIVE DEPRECIATION SYSTEM, AND THAT THE INVESTOR MEMBER ARE MAKING THEIR INVESTMENT IN RELIANCE UPON THE COVENANT OF THE MANAGING MEMBER AND THE EXEMPT ORGANIZATIONS TO ASSURE THAT A PROPER AND TIMELY SECTION 168(H)(6) ELECTION IS MADE. AS THE ACCOUNTANTS FOR THE EXEMPT ORGANIZATION, WE ACKNOWLEDGE THAT THE MANAGING MEMBER AND INVESTOR MEMBER INTEND THAT THE SECTION 168(H)(6) ELECTION BE MADE ON A TIMELY BASIS. WE UNDERSTAND THAT: 1. THE SECTION 168(H)(6) ELECTION MUST BE MADE BY THE DUE DATE (INCLUDING EXTENSIONS) OF THE TAX RETURN FOR THE FIRST TAX YEAR THAT THE ELECTION APPLIES. WE EXPECT THIS DUE DATE (BEFORE EXTENSIONS) TO BE MAY 15, 2020, WHICH IS MAY 15 FOR THE YEAR FOLLOWING THE YEAR IN WHICH ALL OR ANY PORTION OF THE COMPANY'S HOUSING PROJECT IS PLACED IN SERVICE. 2. THE SECTION 168(H)(6) ELECTION MUST BE ATTACHED TO THE MANAGING MEMBER'S TAX RETURN, WITH A COPY ATTACHED TO THE TAX RETURN OF THE EXEMPT ORGANIZATION. 3. THE SECTION 168(H)(6) ELECTION SHALL: A. CONTAIN THE NAME, ADDRESS AND TAXPAYER IDENTIFICATION NUMBER OF THE MANAGING MEMBER, B. IDENTIFY THE ELECTION AS A SECTION 168(H)(6) ELECTION, C. STATE THAT THE ELECTION APPLIES TO ALL OF THE MANAGING MEMBER'S PROPERTY, AND THAT THE ELECTION APPLIES TO THE TAXABLE YEAR THAT THE COMPANY'S PROPERTY IS PLACED IN SERVICE AND ALL SUBSEQUENT YEARS, D. STATE THAT THE MANAGING MEMBER IS ENTITLED TO MAKE THE ELECTION BECAUSE IT IS A TAX-EXEMPT CONTROLLED ENTITY THAT IS TIMELY FILING THE ELECTION, AND E. INCLUDE SUCH OTHER INFORMATION AND COMPLY WITH SUCH OTHER REQUIREMENTS AS MAY BE DETERMINED BY THE INTERNAL REVENUE SERVICE OR THE UNITED STATES TREASURY DEPARTMENT. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|
| CITY OF YONKERS | ||||||||
| 40 SOUTH BROADWAY | YONKERS | NY | 10701 | 136007340 | GOVERNMENT AGENCY | NY | N/A | 0 |
| MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS | ||||||||
| 1511 CENTRAL PARK AVE | YONKERS | NY | 10710 | 136007014 | GOVERNMENT AGENCY | NY | N/A | 0 |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd |
|---|---|---|---|---|---|---|---|---|---|---|
| SEVEN TOWNHOMES LP | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 821629000 | HOUSING | NY | MHACY TOWNHOMES GP LLC | RELATED | 0 | 0 |
| TROY KRISTENSEN LP | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 301143913 | HOUSING | NY | TROY KRISTENSEN GP LLC | RELATED | 0 | 0 |
| GRANT PARK II LP | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 453910214 | HOUSING | NY | ASHBURTON SERVICES HOUSING INC | RELATED | 0 | 0 |
| 170-174 WARBURTON LP | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 300966118 | HOUSING | NY | CPG PHASE IV GP LLC | RELATED | 0 | 0 |
| YONKERS SENIOR APARTMENTS LLC | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 823262041 | HOUSING | NY | YONKERS SENIOR GP LLC | RELATED | 0 | 0 |
| 188 WARBURTON DEVELOPERS LLC | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 464746731 | HOUSING | NY | ASHBURTON SERVICES HOUSING INC | RELATED | 0 | 0 |
| ASHBURTON AVENUE LLC | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 342037572 | HOUSING | NY | ASHBURTON SERVICES HOUSING INC | RELATED | 0 | 0 |
| PS GP LLC | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 452506925 | HOUSING | NY | ASHBURTON SERVICES HOUSING INC | RELATED | 0 | 0 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| TROY KRISTENSEN GP LLC | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 831983188 | HOUSING | NY | MULFORD CORPORATION | C | 1.00000 | 0 |
| ASHBURTON SENIOR HOUSING INC | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 271751408 | HOUSING | NY | MULFORD CORPORATION | C | 1.00000 | 0 |
| CPG PHASE III GP LLC | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 471369520 | HOUSING | NY | MULFORD CORPORATION | C | 1.00000 | 0 |
| CPG PHASE IV GP LLC | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 815068181 | HOUSING | NY | MULFORD CORPORATION | C | 1.00000 | 0 |
| MULFORD YONKERS PRESERVATION LLC | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 823602130 | HOUSING | NY | MULFORD CORPORATION | C | 1.00000 | 0 |
| YONKERS SENIOR GP LLC | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 823257975 | HOUSING | NY | MULFORD CORPORATION | C | 1.00000 | 0 |
| MHACY TOWNHOMES GP LLC | ||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 821628914 | HOUSING | NY | MULFORD CORPORATION | C | 1.00000 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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