2019-10-09T08:51:24-05:00 2018-12-31 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2018-01-01 800522071 ACTORS FUND HOUSING DEVELOPMENT CORPORATION % CONNIE YOO ACTO 2122217300 729 Seventh Avenue Suite 10th FL New York NY 10019 CONNIE YOO CFO 2122217300 2019-10-07 true SCOTT THOMPSETT P00741490 2125990100 209.220.136.124 36941220192825000002 2019-10-09 P ECE9D2D48766BBADCAFDCE56D2F3F971EEE3C114 A87539D75D44546F9E81755E19BD8DC508F41D5E 2018 2019-02-21 02:37:17Z JOSEPH BENINCASA - PRESIDENT 729 Seventh Avenue 10th Flr New York NY 10019 2315299 false X ACTORFUND.ORG/Housing-Development-Corporatio X 2009 NY TO DEVELOP AFFORDABLE AND SUPPORTIVE HOUSING FOR THE PERFORMING ARTS COMMUNITY THAT IMPROVES LIVES, CREATES JOBS, FOSTERS ECONOMIC DEVELOPMENT & REVITALIZES COMMUNITIES. 10 7 0 0 0 0 766787 821746 1417207 1491542 1012 2011 0 0 2185006 2315299 0 0 0 0 0 0 0 0 0 2947737 3130486 2947737 3130486 -762731 -815187 18902761 26331263 22048711 29896419 -3145950 -3565156 X TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS COMMUNITY THAT IMPROVES LIVES, FOSTERS ECONOMIC DEVELOPMENT AND REVITALIZES COMMUNITIES. (CONTINUED IN SCEDULE O). true false 3018727 0 1461542 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. 91296 0 37318 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. 3110023 true true false true false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false true true false false false true 3 0 true 0 false false false false false false false false false false false false X 10 7 false true false false false false false true true false false true true true true true true false CA NJ NY X X CONNIE YOO 2122217300 729 SEVENTH AVENUE 10TH FLOOR New York NY 10019 JOSEPH BENINCASA PRESIDENT 10.0 40.0 X X 0 558911 106115 BARBARA DAVIS SECRETARY 10.0 40.0 X X 0 299433 93762 CONNIE YOO TREASURER 10.0 40.0 X X 0 244484 87071 ROBERT WANKEL CHAIRMAN 1.0 0.0 X X 0 0 0 ABBY HAMLIN DIRECTOR 1.0 0.0 X 0 0 0 ROCCO LANDESMAN DIRECTOR 1.0 0.0 X 0 0 0 WENDY ROWDEN DIRECTOR 1.0 0.0 X 0 0 0 DAVID STEINER DIRECTOR 1.0 0.0 X 0 0 0 DAVID WALSH DIRECTOR 1.0 0.0 X 0 0 0 DAVID WHITE DIRECTOR 1.0 0.0 X 0 0 0 0 1102828 286948 0 false true false BREAKING GROUND MANAGEMENT 505 8TH AVENUE NEW YORK NY 10018 MANAGEMENT 963291 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON STREET CONSHOHOCKEN PA 19428 SECRUITY 282436 2 821741 5 821746 RENTAL REVENUE 900099 1461542 1461542 0 0 FEE FOR SERVICE INCOME 900099 30000 30000 0 0 1491542 2011 2011 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2315299 1491542 0 2011 0 0 0 0 0 0 0 0 0 0 893807 893807 54238 54238 20000 20000 0 0 0 275803 275803 0 65225 64762 463 9104 9104 0 801944 801944 0 0 1168 1168 45917 45917 0 833848 833848 126752 126752 BAD DEBT EXPENSE 2680 2680 0 0 3130486 3110023 20463 0 432213 794680 98962 118335 0 0 39816 52856 0 0 0 0 0 0 0 0 23329 10314 30147573 4792495 18308441 25355078 0 0 0 0 0 0 0 0 0 0 18902761 26331263 197512 205764 0 0 7095 17651 0 0 0 0 0 0 2236033 5616689 0 0 19608071 24056315 22048711 29896419 X -3145950 -3565156 0 0 0 0 -3145950 -3565156 18902761 26331263 X -815187 395981 X false true X true false X 778996 808550 749840 766787 821746 3925919 0 0 778996 808550 749840 766787 821746 3925919 0 3925919 233 0 446 1012 2011 3702 0 0 3929621 7479873 0.99906 0.99957 X 3130486 3130486 306524 76631 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 SCHEDULE C THE ACTORS FUND HOUSING DEVELOPEMENT CORPORATION DID NOT ENGAGE IN ANY LOBBYING ACTIVITIES IN CALENDAR YEAR 2018. 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. 4418713 4418713 24775153 4513693 20261460 763075 236460 526615 190632 42342 148290 25355078 0 NOTES PAYABLE 23893187 OTHER LIABILITIES 163128 24056315 X Schedule D, Part X, Line 2 Under the Accounting Standards Codification 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 sustaineif 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 reportunrelated 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. false true false false false false false false false JOSEPH BENINCASA PRESIDENT 0 403511 0 75000 0 80400 0 73054 0 33061 0 665026 0 0 BARBARA DAVIS SECRETARY 0 264489 0 26544 0 8400 0 48526 0 45236 0 393195 0 0 CONNIE YOO TREASURER 0 220311 0 18173 0 6000 0 39610 0 47461 0 331555 0 0 METHOD OF DETERMINING COMPENSATION SCHEDULE J, PART III, 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 ORGANISATION, 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. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SCHEDULE J, PART III, LINE 4B FOR THE YEAR ENDING DECEMBER 31, 2018, 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 ARE $33,276, $8,915 AND $2,615 RESPECTIVELY AND ARE REPORTED IN SCHEDULE J, PART II, COLUMN (c). ORGANIZATION'S MISSION (CONTINUED) FORM 990, PART III, LINE I 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. New Programmatic Activities in 2018 FORM 990, PART III, LINE 3 In November of 2018, the Actors Fund acquired the Palm View Residence, a 40-unit apartment complex that provides housing to low-income individuals with disabilities or who are living with HIV/AIDS in West Hollywood, California. DELEGATION OF MANAGEMENT DUTIES FORM 990, PART VI, 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. PROCESS USED TO REVIEW FORM 990 FORM 990, PART VI, SECTION B, LINE 11A 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. CONFLICT OF INTEREST POLICY MONITORING AND ENFORCEMENT 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. WHISTLEBLOWER AND DOCUMENT RETENTION POLICY 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. AVAILABILITY OF DOCUMENTS TO THE PUBLIC 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. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 Reconciling Adjustment related to Palm View Acquisition $395,999 Administrative General Partner 0.005% share of Palm View income ($18) --------- $395,981 --------- **100% of Palm View L.P. financials were reported in the audited financial statements and 99.995% of Palm View L.P. financials were reported on this Form 990. Friedman Residence LLC 729 Seventh Avenue Floor 10 New York NY 10019 454730907 Housing NY 2247974 18121970 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 ANGELES 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) 7 NA false 980 NORTH PALM LP 5757 Wilshire Blvd Ste 400 Los Angeles CA 90036 320572911 Housing CA Related 37316 7995991 false 0 false 0.99990 false false true false true false false false false false false false false true true false false false false