THE MULFORD CORPORATION: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
THE MULFORD CORPORATION (EIN 42-1690952)
Tax period
2018-01-01 to 2018-12-31
Filed
2020-07-14
IRS object ID
202041969349302304
Schema version
2018v3.2
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

FieldValueIRS element (for citing)
Return2020-07-14T10:12:20-05:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271728945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 MAMARONECK AVENUEAddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP105281633ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN421690952EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE MULFORD CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMULFBusinessNameControlTxt
Phone4105058936PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11511 CENTRAL PARK AVEAddressLine1Txt
CityYONKERSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10710ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRIAN SWEENEYPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone4105058936PhoneNum
Signature2020-07-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARRETT M HIGGINSPreparerPersonNm
PTINP00543209PTIN
Phone9143818900PhoneNum
Preparation2020-07-13PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address24.190.81.239IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-07-14IPDt
IP Tm10:12:16IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id45D10729E84C80409783239EA0C370A8A08632B7AtSubmissionCreationDeviceId
At Submission Filing Device Id9616F4B14A694591D1E716C270910E6FA5556DA3AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Amended ReturnYes (X)AmendedReturnInd
Principal OfficerBRIAN SWEENEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11511 CENTRAL PARK AVEAddressLine1Txt
CityYONKERSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10710ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,774,177GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2008FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO INCREASE THE ACCESSIBILITY OF LOW-INCOME HOUSING.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$341,195PYProgramServiceRevenueAmt
CY Program Service Revenue$4,733,564CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$1,631CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$38,982CYOtherRevenueAmt
PY Total Revenue$341,195PYTotalRevenueAmt
CY Total Revenue$4,774,177CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$75,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$156,271CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$275,126PYOtherExpensesAmt
CY Other Expenses$29,537CYOtherExpensesAmt
PY Total Expenses$275,126PYTotalExpensesAmt
CY Total Expenses$260,808CYTotalExpensesAmt
PY Revenues Less Expenses$66,069PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$4,513,369CYRevenuesLessExpensesAmt
Total Assets BOY$585,487TotalAssetsBOYAmt
Total Assets EOY$4,979,520TotalAssetsEOYAmt
Total Liabilities BOY$248,686TotalLiabilitiesBOYAmt
Total Liabilities EOY$24,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$336,801NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,955,520NetAssetsOrFundBalancesEOYAmt
MissionTO INCREASE THE ACCESSIBILITY OF LOW-INCOME HOUSING.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$256,271ExpenseAmt
Grant$75,000GrantAmt
Revenue$4,733,564RevenueAmt
DescPROVIDES 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$256,271TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer EntYes (1)BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document8IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRIAN SWEENEYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4105058936PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11511 CENTRAL PARK AVEAddressLine1Txt
CityYONKERSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10710ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
PETER SMITH
CHAIR1.00Yes (X)Yes (X)$0$0$0
JOAN DEIERLAN
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
JOHN J MCDONALD
TREASURER1.00Yes (X)Yes (X)$0$0$0
JAMES J LANDY
BOARD MEMBER1.00Yes (X)$0$0$0
BRENDA GRAY
BOARD MEMBER1.00Yes (X)$0$0$0
WILDA MEJIAS
BOARD MEMBER1.00Yes (X)$0$0$0
GREG ARCARO
BOARD MEMBER1.00Yes (X)$0$0$0
PATRICK JAMES
BOARD MEMBER1.00Yes (X)$0$0$0
HON ARTHUR J DURAN JR
BOARD MEMBER1.00Yes (X)$0$0$0
JOSEPH SHULDINER
PRESIDENT1.00Yes (X)$0$0$0
BRIAN SWEENEY
SECRETARY1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ALPHONSE DIAZ ARCHITECT PC
126 13TH STREETBROOKLYNNY11215ARCHITECT FEES$258,995
KOW ARMA DEVELOPMENT CONSULTANTS
347 W 36TH STREETNEW YORKNY10018BUILDING CONSULTANT$173,888
THE FRESNEL GROUP
15049 DOUBLE BRIDGE COURTGLENELGMD21737MANAGEMENT SERVICES$169,271
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescDEVELOPER FEESDesc
Business900099BusinessCd
Total Revenue Column$4,733,564TotalRevenueColumnAmt
Related Or Exempt Func Income$4,733,564RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$4,733,564TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,631TotalRevenueColumnAmt
Exclusion$1,631ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$38,982TotalRevenueColumnAmt
Exclusion$38,982ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$38,982OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,774,177TotalRevenueColumnAmt
Related Or Exempt Func Income$4,733,564RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$40,613ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$75,000TotalAmt
Program Services$75,000ProgramServicesAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$156,271TotalAmt
Program Services$156,271ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,726TotalAmt
Management And General$1,726ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$81TotalAmt
Program Services$52ProgramServicesAmt
Management And General$29ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,638TotalAmt
Management And General$1,638ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,144TotalAmt
Management And General$1,144ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
STAFF TRAINING EXPENSES$12,800$12,800
ACQUISITION AND REHABIL$12,148$12,148

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$260,808TotalAmt
Program Services$256,271ProgramServicesAmt
Management And General$4,537ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$254,923BOYAmt
EOY$4,116,380EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$440,843EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$1,259EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$330,564BOYAmt
EOY$421,038EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$585,487BOYAmt
EOY$4,979,520EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$57,298BOYAmt
EOY$24,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$191,388BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$248,686BOYAmt
EOY$24,000EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$336,801BOYAmt
EOY$4,955,520EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$336,801BOYAmt
EOY$4,955,520EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$585,487BOYAmt
EOY$4,979,520EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$4,513,369ReconcilationRevenueExpnssAmt
Prior Period Adjustments$105,350PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type3 Func IntYes (X)SupportingOrgType3FuncIntInd
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1CITY OF YONKERSBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN136007340EIN
Organization Type6OrganizationTypeCd
Governing Document Listed0GoverningDocumentListedInd
Support$0SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing Doc0ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationYes (1)SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp

FieldValueIRS element (for citing)
Timely Provided Documents0TimelyProvidedDocumentsInd
Officers Close RelationshipYes (1)OfficersCloseRelationshipInd
Supported Org Voice Investment0SupportedOrgVoiceInvestmentInd

Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp

FieldValueIRS element (for citing)
Governmental EntityYes (X)GovernmentalEntityInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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:I. 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

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescREIMBURSABLE REHABILITATION AND CARRYING COSTDesc
Book Value$421,038BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$421,038TotalBookValueOtherAssetsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$4,774,177TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$4,774,177RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,774,177TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$260,808TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$260,808ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$260,808TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE 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, 2015.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1NEIGHBORHOOD SPORTS PLUS INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 91AddressLine1Txt
CityNEWBURGHCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12551ZIPCd
FieldValueIRS element (for citing)
Cash Grant$75,000CashGrantAmt
Purpose Of GrantGENERAL OPERATING SUPPORTPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total Other Org1TotalOtherOrgCnt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FRESNEL GROUPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionOWNED BY THE WIFE OF THE CORPORATION'S SECRETARYRelationshipDescriptionTxt
Transaction$156,271TransactionAmt
TransactionBUILDING CONSULTANTTransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (13 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE 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 4THE ORGANIZATION AMENDED ITS BYLAWS DURING 2018. THE NUMBER OF DIRECTORS CONSTITUTING THE BOARD SHALL BE NO FEWER THAN NINE (9) AND NO MORE THAN (15). THREE MEMBERS OF THE BOARD SHALL BE MHACY-AFFILIATED, TO WIT, EITHER AN EMPLOYEE OR A MHACY COMMISSIONER. ALL MHACY-AFFILIATED MEMBERS SHALL BE APPOINTED BY THE MAYOR OF THE CITY OF YONKERS. THE TERM OF OFFICE OF A DIRECTOR SHALL BE TWO YEARS. A CHAIRPERSON/VICE-CHAIRPERSON OF THE BOARD OF DIRECTORS POSITION WAS PUT IN PLACE.
FORM 990, PART VI, SECTION A, LINE 7AALL "MHACY" AFFILIATED MEMBERS SHALL BE APPOINTED BY THE MAYOR OF THE CITY OF YONKERS.
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 12CTHE 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 19THE 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.
PART XII, LINE 2CTHE 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, PART XI, LINE 8:IN PRIOR YEARS, THE ORGANIZATION INVESTED FUNDS IN VARIOUS HOUSING ENTITIES BUT DID NOT REFLECT THOSE INVESTMENTS ON THEIR BOOKS. IT HAS BEEN DETERMINED THAT THESE INVESTMENTS SHOULD BE RECOGNIZED AND REPORTED. ADDITIONALLY, THE ORGANIZATION HAD REPORTED REIMBURSEMENTS OF PROPERTY DEVELOPMENT COSTS AS REVENUE AND THE RELATED DEVELOPMENT COSTS AS EXPENSE ON ITS BOOKS. IT HAS BEEN DETERMINED THAT THE FUNDS RECEIVED SHOULD NOT HAVE BEEN RECOGNIZED AS REVENUE AT THE TIME OF RECEIPT AND THE MONIES SPENT SHOULD NOT HAVE BEEN RECOGNIZED AS EXPENSES AT THE TIME OF PAYMENT.
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 SEVEN TOWNHOMES, L.P., A NEW YORK LIMITED PARTNERSHIP (THE "PARTNERSHIP"), OF WHICH MHACY TOWNHOMES GP LLC, A NEW YORK LIMITED LIABILITY COMPANY (THE "GENERAL PARTNER") IS THE GENERAL PARTNER AND WINCOPIN CIRCLE, LLLP, A MARYLAND LIMITED LIABILITY LIMITED PARTNERSHIP (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 MAY15, 2019, 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. EXECUTED THIS 19TH DAY OF JULY, 2019
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 YONKERS PRESERVATION MANAGERS, LLC, A NEW YORK LIMITED PARTNERSHIP (THE "PARTNERSHIP"), OF WHICH MHACY TOWNHOMES GP LLC, A NEW YORK LIMITED LIABILITY COMPANY (THE "GENERAL PARTNER") IS THE GENERAL PARTNER AND WINCOPIN CIRCLE, LLLP, A MARYLAND LIMITED LIABILITY LIMITED PARTNERSHIP (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 MAY15, 2019, 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. EXECUTED THIS 19TH DAY OF JULY, 2019
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, LP, A NEW YORK LIMITED PARTNERSHIP (THE "PARTNERSHIP"), OF WHICH MHACY TOWNHOMES GP LLC, A NEW YORK LIMITED LIABILITY COMPANY (THE "GENERAL PARTNER") IS THE GENERAL PARTNER AND WINCOPIN CIRCLE, LLLP, A MARYLAND LIMITED LIABILITY LIMITED PARTNERSHIP (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 MAY15, 2019, 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. EXECUTED THIS 19TH DAY OF JULY, 2019
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 YONKERS SENIOR APARTMENTS, LLC, A NEW YORK LIMITED PARTNERSHIP (THE "PARTNERSHIP"), OF WHICH MHACY TOWNHOMES GP LLC, A NEW YORK LIMITED LIABILITY COMPANY (THE "GENERAL PARTNER") IS THE GENERAL PARTNER AND WINCOPIN CIRCLE, LLLP, A MARYLAND LIMITED LIABILITY LIMITED PARTNERSHIP (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 MAY15, 2019, 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. EXECUTED THIS 19TH DAY OF JULY, 2019
FORM 990, LINE B, AMENDED RETURN:AN AMENDED RETURN IS BEING FILED TO IN ORDER TO CONFORM TO THE ORGANIZATION'S DECEMBER 31, 2018 FINANCIAL STATEMENTS. A LISTING OF ALL OF THE CHANGES TO THE FORM 990 IS AS FOLLOWS: 1. PAGE 1, BOX G: GROSS RECEIPTS WAS RESTATED TO REFLECT THE UPDATED REVENUE REPORTED IN PART VIII. 2. PART I, LINES 8, 9, 10, 11, 12, 17, 18, 19, 20, 21, AND 22: THESE AMOUNTS WERE UPDATED TO REFLECT THE CHANGES REPORTED IN THEIR RESPECTIVE PARTS OF THE RETURN DUE TO THE ISSUANCE OF THE FINANCIAL STATEMENTS. 3. PART III, LINE 4A: THE TOTAL PROGRAM EXPENSES AND REVENUE REPORTED FOR THIS PROGRAM WAS UPDATED TO AGREE TO THE ADJUSTMENTS MADE IN PART VIII AND PART IX. 4. PART IV, LINES 6, 11E, 11F, 12A, 28C, AND 35A: THESE LINES WERE UPDATED TO REFLECT THE CHANGES REPORTED IN THEIR RESPECTIVE PARTS OF THE RETURN DUE TO THE ISSUANCE OF THE FINANCIAL STATEMENTS. 5. PART VIII, LINES 2A, 3, 11A, AND 12: THE REVENUE ON THESE LINES WERE UPDATED TO AGREE TO THE FINANCIAL STATEMENTS. 6. PART IX, LINES 11C, 11G, 12, 16, 23A, 24A, 24B, 24C AND 25: THESE AMOUNTS WERE UPDATED TO REFLECT THE FUNCTIONAL ALLOCATION PER THE FINANCIAL STATEMENTS. 7. PART X, LINES 1, 4, 12, 15, 16, 17, 26, 27, 33, AND 34: THESE AMOUNTS WERE UPDATED TO AGREE TO THE FINANCIAL STATEMENTS. 8. PART XI, LINES 1, 2, 3, 8, AND 10: THESE AMOUNTS WERE UPDATED FOR THE CHANGES REPORTED IN PART VIII AND PART IX, AS MENTIONED ABOVE AS WELL AS TO AGREE TO THE FINANCIAL STATEMENTS. 9. PART XII, LINES 2B AND 2C: THESE LINES WAS CHECKED "YES" FINANCIAL STATEMENTS WERE ISSUED FOR THE TAX YEAR. 10. SCHEDULE D, PART IX AND X: THE AMOUNTS REPORTED IN THIS SECTION WERE UPDATED FOR THE CHANGES REPORTED IN PART X. 11. SCHEDULE D, PART XI AND XII: THE AMOUNTS REPORTED IN THESE SECTIONS WERE UPDATED TO AGREE WITH THE REVENUE AND EXPENSES, PER THE AUDITED FINANCIAL STATEMENTS. 12. SCHEDULE L, PART IV: THIS SCHEDULE WAS COMPLETED TO REPORT A TRANSACTION WITH AN INTERESTED PERSON. 13. SCHEDULE O: NARRATIVES WERE UPDATED WITH REGARDS TO THE CHANGES MENTIONED ABOVE. 14. SCHEDULE R, PART III AND IV: THESE SECTIONS WERE UPDATED TO AGREE WITH THE CORRECT CLASSIFICATION OF THE RELATED PARTNERSHIPS AND CORPORATIONS.

Schedule R IRS990ScheduleR

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EIN136007340EIN
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SEVEN TOWNHOMES LP
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TROY KRISTENSEN LP
1511 CENTRAL PARK AVENUEYONKERSNY10710301143913HOUSINGNYTROY KRISTENSEN GP LLCRELATED00
GRANT PARK II LP
1511 CENTRAL PARK AVENUEYONKERSNY10710453910214HOUSINGNYASHBURTON SERVICES HOUSING INCRELATED00
170-174 WARBURTON LP
1511 CENTRAL PARK AVENUEYONKERSNY10710300966118HOUSINGNYCPG PHASE IV GP LLCRELATED00
YONKERS SENIOR APARTMENTS LLC
1511 CENTRAL PARK AVENUEYONKERSNY10710823262041HOUSINGNYYONKERS SENIOR GP LLCRELATED00
188 WARBURTON DEVELOPERS LLC
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ASHBURTON AVENUE LLC
1511 CENTRAL PARK AVENUEYONKERSNY10710342037572HOUSINGNYASHBURTON SERVICES HOUSING INCRELATED00
PS GP LLC
1511 CENTRAL PARK AVENUEYONKERSNY10710452506925HOUSINGNYASHBURTON SERVICES HOUSING INCRELATED00

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (7 entries)

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TROY KRISTENSEN GP LLC
1511 CENTRAL PARK AVENUEYONKERSNY10710831983188HOUSINGNYMULFORD CORPORATIONC1.00000Yes (1)
ASHBURTON SENIOR HOUSING INC
1511 CENTRAL PARK AVENUEYONKERSNY10710271751408HOUSINGNYMULFORD CORPORATIONC1.00000Yes (1)
CPG PHASE III GP LLC
1511 CENTRAL PARK AVENUEYONKERSNY10710471369520HOUSINGNYMULFORD CORPORATIONC1.00000Yes (1)
CPG PHASE IV GP LLC
1511 CENTRAL PARK AVENUEYONKERSNY10710815068181HOUSINGNYMULFORD CORPORATIONC1.00000Yes (1)
MULFORD YONKERS PRESERVATION LLC
1511 CENTRAL PARK AVENUEYONKERSNY10710823602130HOUSINGNYMULFORD CORPORATIONC1.00000Yes (1)
YONKERS SENIOR GP LLC
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MHACY TOWNHOMES GP LLC
1511 CENTRAL PARK AVENUEYONKERSNY10710821628914HOUSINGNYMULFORD CORPORATIONC1.00000Yes (1)
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Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
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Div Related Organization0DivRelatedOrganizationInd
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Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
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Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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