2018-11-13T08:09:38-08:00 2017-06-30 BERDON LLP 360 MADISON AVE NEW YORK NY 10017 990 2016-07-01 133778489 NEW DESTINY HOUSING CORPORATION NEWD 6464720262 12 W 37TH ST 7TH FL New York NY 10018 CORDEN CAROL L Executive Dir. 2018-11-13 true JOAN FOX-BANNERMAN P01285821 2128320400 2016 2019-02-21 02:37:17Z X CORDEN CAROL L 12 W 37TH ST 7TH FL NEW YORK NY 10018 3955962 false false X www.newdestinyhousing.org X 1994 NY NEW DESTINY HOUSING CREATES LONG-TERM SECURITY AND STABILITY FOR LOW-INCOME FAMILIES AND INDIVIDUALS AT RISK OF DOMESTIC VIOLENCE AND HOMELESSNESS BY PROVIDING HOUSING AND SERVICES. X 19 19 40 0 858941 1084269 612184 1303774 2788 642227 205764 262153 1679677 3292423 0 0 1184228 1360277 0 241133 577770 787297 1761998 2147574 -82321 1144849 6034522 5568746 1223643 191868 4810879 5376878 New Destiny creates long-term security and stability for low-income families and individuals at risk of domestic violence and homelessness. It is the only New York City nonprofit focused exclusively on the housing needs of domestic violence survivors. During FISCAL YEAR 2017, New Destiny pursued its mission through the following activities:1.The development and management of affordable, service-enriched housing for low-income domestic violence survivors and others at risk of homelessness. New Destiny has developed 16 projects serving approximately 490 households. Currently it controls and manages 11 of these projects. Two additional projects to contain a total of 104 apartments are under development.2.The operation of HousingLink, a citywide program that assists domestic violence survivors to find and retain safe, stable housing. HousingLink provides information and counseling on housing issues through training at the family justice centers in NYC ("FJCS"), and an online housing resour false false 1116813 137034 In fiscal year 2016 New Destiny operated HousingLink, a citywide program to help low-income domestic violence survivors obtain safe, permanent housing. HousingLink provides accurate and up-to-date information about available housing and rental subsidies and individual technical assistance and counseling through training workshops, a Housing HelpLine, and an on-line resource center. New Destiny also provides direct services and referrals to tenants of its permanent housing with the goal of promoting tenant stability and independence through its Family Support Program. On-site Tenant Support Coordinators provide a wide range of services including case management, eviction prevention, domestic violence counseling, safety planning, job readiness support and job training referral, mental health referrals, and financial literacy and budgeting assistance. Programming for children and youth is also offered where appropriate. During Fiscal Year 2014 New Destiny began Project HOME, a pilot program co-located in the New York City Family Justice Centers, which screens, refers and places domestic violence survivors in existing permanent housing in affordable housing developments throughout the city this program ended June 30, 2017. 575489 1166740 Housing Development & Management Codes 531110 & 531390New Destiny controls and manages eleven residential projects in four boroughs of New York City. Two of these projects provide temporary shelter to domestic violence survivors at confidential locations-Prelude in Staten Island and Lily House in the Bronx. The remaining nine projects offer affordable rentals to low-income survivors and other households at risk of homelessness - 271 Bainbridge Street, 283 Bainbridge Street, 285 Bainbridge Street, 919 Park Place and 291 Bainbridge Street in Brooklyn; 307 E. 54th Street in Manhattan; and 2299 Andrews Avenue, 1070 Anderson Avenue and 2017 Morris Avenue in the Bronx. New Destiny is currently developing a site it controls at 902 Jennings Street in the Bronx, on which it is constructing an 8 story affordable housing project that will contain 42 apartments. new destiny is also currently developing the site it controls at 1071-1075 Bryant avenue in the Bronx, an 8 story affordable housing project that will contain 62 apartments is planned for this site. 1692302 true true false false false false false false false false true false false true true true false false false false false false false false true false false false false false false false false false false false false false false false false false false false true false true true true false false true 16 0 true 40 true false false false false false false true true false 0 false false false false false false false false false false X 19 19 false false false false false false false true true false false true true true true true true true true false NY X X X Carol Corden 6464720262 12 W 37TH ST 7TH FL New York NY 100187384 SARRO PAULA M Secretary 0.50 0.50 X X 0 0 0 ADDONIZIO LANE Director 0.50 0.00 X 0 0 0 BACCHUS SIMON A Director 0.50 0.00 X 0 0 0 CALOSELAINE Director 0.50 0.00 X 0 0 0 CEREZOLATHERESA A Asst.Secretary 0.50 0.00 X X 0 0 0 COOPER JO ELLEN Director 0.50 0.00 X 0 0 0 FLECK SUSAN L Director 0.50 0.50 X 0 0 0 MILLER RACHEL E Treasurer 0.50 0.00 X X 0 0 0 PRAVDA MATTHEW Director 0.50 0.00 X 0 0 0 GALLIGAN ERIN Director 0.50 0.00 X 0 0 0 McAndrews Marjorie A Director 0.50 0.00 X 0 0 0 WHITE DACHELL Director 0.50 0.00 X 0 0 0 NEWMAN MARTIN D Director 0.50 0.00 X 0 0 0 MCLEAN CHARLES E JR 2nd vice chair 0.50 0.00 X X 0 0 0 TUCKER HADRIAN A Director 0.50 0.50 X 0 0 0 PLEASANT KRISHANA Director 0.50 0.00 X 0 0 0 SALMASI NICOLE Director 0.50 0.00 X 0 0 0 Doynow Gina Chairperson 0.50 0.00 X X 0 0 0 WEISSMAN DAVID Vice Chair 0.50 0.50 X X 0 0 0 CORDEN CAROL L Executive Dir. 35.00 1.00 X 100000 0 5000 100000 5000 0 false false false 0 597321 486948 1084269 DEVELOPER FEE INCOME 531390 652453 652453 HOUSING SERVICES 531110 514287 514287 SOCIAL SERVICES 624100 137034 137034 1303774 3541 3541 0 0 0 1270000 631314 638686 638686 638686 241228 32225 209003 0 0 OTHER INTERCOMPANY INCOME 531390 53150 53150 53150 3292423 1356924 642227 0 0 0 0 100000 77657 10509 11834 0 1077239 836542 113212 127485 0 183038 141983 19311 21744 0 0 0 24758 19812 2326 2620 0 0 0 0 0 0 0 0 142977 110907 15084 16986 5342 4144 564 634 0 0 5406 5406 0 27291 26477 383 431 16003 14323 790 890 Consulting fees 138143 107157 14574 16412 TENANT ACTIVITIES 115485 89582 12184 13719 Management and supportive serv 87552 69396 8540 9616 Building & office maintenance 57638 55344 1079 1215 166702 133572 15583 17547 2147574 1692302 214139 241133 1464358 2002469 0 207314 258136 23129 10571 0 0 0 0 42411 37593 239496 159875 734985 79621 0 0 0 6446 0 3555879 3180356 6034522 5568746 668327 121343 50000 65000 386941 118375 5525 1223643 191868 X 4236287 5185312 574592 191566 4810879 5376878 6034522 5568746 X 1144849 -578850 X false true X true false X 972274 1050680 712639 858941 1293272 4887806 1227892 1134483 1061602 612184 1303774 5339935 0 0 0 2200166 2185163 1774241 1471125 2597046 10227741 34000 49640 30500 42143 49975 206258 0 34000 49640 30500 42143 49975 206258 10021483 4506 14174 4937 2788 642227 668632 0 4506 14174 4937 2788 642227 668632 0 157122 194270 194142 205764 53150 804448 2361794 2393607 1973320 1679677 3292423 11700821 0.85650 0.90960 0.05710 0.00290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 155739 89382 66357 83757 70493 13264 79621 DUE FROM AFFILIATES 1781587 ESCROWS FEES RECEIVABLE -AFFILIATES 593832 OPERATING RESERVES 462779 PRE-DEVELOPMENT COST 288086 REPLACEMENT RESERVES 7472 TENANT SECURITY DEPOSITS 6600 UTILITY DEPOSIT 40000 3180356 LOAN PAYABLE TO AFFILIATES 1025 SECURITY DEPOSITS 4500 5525 X 5185382 2531645 2531645 2653737 638686 638686 3292423 5650232 3523503 3523503 2126729 20845 20845 2147574 Part X : FIN48 Footnote new destiny and its not-for-profit affiliates are exempt from federal income tax under section 501(c)(3) or 501(c)(4) of the IRC, as well as state and local income taxes.other affiliates of new destiny are treated as partnerships and as corporations for income tax purposes. partnership taxable income or loss passes through to , and is reportable by, the partners, individually. the corporations either have had zero taxable income or have been carrying losses that are available for future netting against taxable income. these losses are carried forward for a period of time, as defined by the IRS, and then expire if unused. Losses carried forward should be computed as assets using the applicable tax rate and reported on the consolidating statements of financial position, subject to valuation allowance. in the case of the corporations, it is more likely than not that the respective asset will never be realized as the possibility of net income or gain is unlikely. therefore, no asset has been recognized in this financial report, as the valuation allowance would equal 100% of the asset value.management has determined that the company had no uncertain tax positions that would require financial statement recognition. the company is no longer subject to income tax examination by federal, state or local tax authorities in the united states for yeaRs before 2014. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 ADJUST.-CONSOLID. FINANCIAL STATEMENTS $2469154 NET ASSETS TRANSFERRED TO HDFC $62491 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S CAPITAL GAIN- DISPOSITION OF ASSETS $638686 Part XII, Line 2d: Other expenses and losses per audited F/S ADJUST.-CONSOLID. FINANCIAL STATEMENTS $3493557 DEPRECIATION PER BOOKS $29946 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S DEPRECIATION PER FED 990 TAX RETURN $20845 X false ANNUAL BENEFIT 241228 241228 32225 241228 241228 32225 32225 209003 BUILDING (Bridge community) 2016-10-28 985988 NEGOTIATED FMV/BV 050535640 CITYWIDE SUPPORTIVE HDFC 12 W 37TH ST 7TH FL NEW YORK NY 10018 501C(3) BUILDING IMPROVEMENTS (Bridge community) 2016-10-28 1160 NEGOTIATED FMV/BV 050535640 CITYWIDE SUPPORTIVE HDFC 12 W 37TH ST 7TH FL NEW YORK NY 10018 501C(3) BUILDING IMPROVEMENTS (Bridge community) 2016-10-28 3577 NEGOTIATED FMV/BV 050535640 CITYWIDE SUPPORTIVE HDFC 12 W 37TH ST 7TH FL NEW YORK NY 10018 501C(3) BUILDING IMPROVEMENTS (Bridge community) 2016-10-28 708 NEGOTIATED FMV/BV 050535640 CITYWIDE SUPPORTIVE HDFC 12 W 37TH ST 7TH FL NEW YORK NY 10018 501C(3) BUILDING IMPROVEMENTS (Bridge community) 2016-10-28 43984 NEGOTIATED FMV/BV 050535640 CITYWIDE SUPPORTIVE HDFC 12 W 37TH ST 7TH FL NEW YORK NY 10018 501C(3) BUILDING IMPROVEMENTS (Bridge community) 2016-10-28 12239 NEGOTIATED FMV/BV 050535640 CITYWIDE SUPPORTIVE HDFC 12 W 37TH ST 7TH FL NEW YORK NY 10018 501C(3) LAND (Bridge community) 2016-10-28 222345 NEGOTIATED FMV/BV 050535640 CITYWIDE SUPPORTIVE HDFC 12 W 37TH ST 7TH FL NEW YORK NY 10018 501C(3) true false false false Part I & 2, Line 2e - Name and Explanation for Involvement in Successor CITIWIDE SUPPORTIVE HOUSING DEVELOPMENT FUND COMPANY (HEREINAFTER CITYWIDE HDFC), THE PURCHASER/ACQUIRER IS A 100% CONTROLLED 501(C)(3)TAX EXEMPT NON-PROFIT ORGANIZATION. ALL OF THE VOTING BOARD MEMBERS, OFFICERS AND THE EXECUTIVE DIRECTOR,OF CITYWIDE HDFC ARE ALSO BOARD MEMBERS AND /OR OFFICERS AND THE EXECUTIVE DIRECTOR OF THE CONTROLLING PARENT, NEW DESTINY HOUSING CORPORATION. THE EXECUTIVE DIRECTOR RECEIVES COMPENSATION FROM NEW DESTINY HOUSING CORP. WHICH IS REPORTED ON PAGE 7 PART VII OF THE FED 990 TAX RETURN. Sch N, Part III, Additional Information effective October 28, 2016, the organization, as parent/grantor/donOr is reporting the capital contribution, SALE and THE transfer of project net assets of THE residential affordable housing project (bRIDGE cOMMUNITY)to citywide supportive housing development fund corporation, (citywide hdfc) a related controlled NYS 501(c)(3) noT-for profit corporation, the grantee/donee. The organization SOLD , CONTRIBUTED AND transferred the residential building. the building was REPORTED aT its adjusted basis for tax purposeS which is also its net depreciable book value, reduced by project liabilities assumed by citywide hdfc amounting to $1,270,000.THE GAIN OF $638,686 ON THE SALE OF THE BRIDGE COMMUNITY PROJECT TO CITIWIDE HDFC IS REPORTED FOR TAX PURPOSES ON LINE 7C, FED 990 PAGE 9 PART VIII, WHEREAS THE GAIN WAS DEFERRED AND ELIMINATED IN THE CONSOLIDATED FINANCIAL STATEMENTS. Client Note 1 Client Note 1 - SALE OF BUILDINGSDURING THE FISCAL PERIOD, THE ORGANIZATION DISPOSED OF CERTAIN LAND, BUILDING AND ALL OF ITS IMPROVEMENTS TO A RELATED PARTY AFFILIATE. THE ORGANIZATION RECEIVED APPROVAL TO DISPOSE AND TRANSFER THESE ASSETs PURSUANT TO AN ORDER GRANTING AN EXPARTE MOTION IN THE SUPREME COURT OF THE STATE OF NEW YORK. (INDEX NO. 15710 8/30/2016). THE NEW YORK STATE ATTORNEY GENERAL HAD NO OBJECTION TO THE PROPERTY TRANSFERS SET FORTH IN THE VERIFIED PETITION. Client Note 2 Client Note 2 - AMENDED FEDERAL 990 TAX RETURNIN JUNE 2018 THE ORGANIZATION RECEIVED ADDITIONAL AND NEW INFORMATION REGARDING ITS ACTIVITIES DURING THE FISCAL YEAR ENDING JUNE 30, 2017, THAT WAS NOT PROPERLY OR ACCURATELY REPORTED ON ITS ORIGINAL FILED FEDERAL 990 TAX RETURN. THEREFORE, THE ORGANIZATION IS AMENDING THE 2016 FED 990 TAX RETURN. SCHEDULE O LISTS THE CHANGES AND REVISIONS MADE TO THE ORIGINAL FILED FED 990 TAX RETURN. Form 990, Part VI, Line 11b: Form 990 Review Process THE BOARD OF DIRECTORS HOLD AN ANNUAL MEETING IN WHICH THE OUTSIDE AUDITORS CONDUCT A PRESENTATION AND EXPLANATION OF THE CERTIFIED AUDITED FINANCIAL STATEMENTS, AS WELL AS A DISCUSSION OF INTERNAL CONTROLS. AFTER THE AUDIT IS ACCEPTED BY THE BOARD, MANAGEMENT AND THE AUDITORS PREPARE THE FORM 990. A COPY OF THE FORM IS SENT TO EACH BOARD MEMBER BY EMAIL BEFORE IT IS FILED, AND THEY HAVE THE OPPORTUNITY TO COMMENT WITHIN A SPECIFIED TIME FRAME. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts New Destiny Housing Corporation (New Destiny) and all persons either elected or appointed to a New Destiny office (including, but not limited to, any Board officers, directors and committee members) shall conscientiously avoid any situations and activities where their personal interests could conflict, or appear to conflict, with the interests of New Destiny. A conflict of interest is any opportunity for personal gain in dealing with or on behalf of New Destiny apart from nominal reimbursement of expenses according to New Destiny policy.In the event that any officer, director or committee member of New Destiny shall have any direct or indirect interest in, or relationship with, any individual or organization which proposes to work with, or transact any business with New Destiny, such person shall give notice of such interest or relationship to the Board and shall thereafter refrain from discussing or voting on the particular transaction in which she or he has an interest, or otherwise attempting to exert any influence on New Destiny to affect a decision whether to participate in such transaction.The Conflict of Interest Policy (Policy) as enumerated herein applies to any Board officer, director or committee member of New Destiny as well as any immediate family member thereof. New Destiny will disclose the Policy to candidates for the Board and will obtain re-affirmation of the Policy from existing members of the Board or committees annually.Failure to comply with the Policy may be grounds for removal from the Board and/or committees. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL EXECUTIVE COMPENSATION arrangements. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available ALL GOVERNING DOCUMENTS WILL BE MADE AVAILABLE UPON REQUEST.ALSO, THE ORGANIZATION TIMELY FILES ITS ANNUAL REPORT (NYS CHAR 500) WITH THE NEW YORK STATE ATTORNEY GENERAL'S (NYSOAG) OFFICE. THE NYSOAG POSTS THE ANNUAL REPORT TOGETHER WITH THE ORGANIZATION'S FEDERAL FORM 990 AND ITS AUDITED FINANCIAL STATEMENTS ON THE CHARITIES BUREAU WEBSITE. Other Changes In Net Assets Or Fund Balances - Other Increases AMORTIZATION OF INTANGIBLE ASSETS = $6446 Other Changes In Net Assets Or Fund Balances - Other Decreases CAPITAL GAIN ON DISPOSITION OF BRIDGE COMMUNITY PROJECT = -$638686 Other Changes In Net Assets Or Fund Balances - Other Decreases DEPRECIATION PER BOOKS = -$29946 Other Changes In Net Assets Or Fund Balances - Other Increases DEPRECIATION PER FED 990 TAX RETURN = $20845 Other Changes In Net Assets Or Fund Balances - Other Increases NET ASSETS TRANSFERRED TO HDFC = $62491 EXPLANATION OF THE AMENDED 2016 FED 990 TAX RETURN AMENDED FEDERAL 990 TAX RETURNIN JUNE 2018 THE ORGANIZATION RECEIVED ADDITIONAL AND NEW INFORMATION REGARDING ITS ACTIVITIES DURING THE FISCAL YEAR ENDING JUNE 30, 2017, THAT WAS NOT PROPERLY OR ACCURATELY REPORTED ON ITS ORIGINAL FILED FEDERAL 990 TAX RETURN. THEREFORE, THE ORGANIZATION IS AMENDING THE 2016 FED 990 TAX RETURN.THE FOLLOWING LINE ITEMS HAVE BEEN AMENDED, CHANGED AND OR REVISED:FED 990 PAGE 1 PART I SUMMARY LINE NO.8 CHANGED FROM $1,137,419 TO $1,084,269 FED 990 PAGE 1 PART I SUMMARY LINE NO.9 CHANGED FROM $651,103 TO $651,321FED 990 PAGE 1 PART I SUMMARY LINE NO.10 CHANGED FROM $3,541 TO $642,277FED 990 PAGE 1 PART I SUMMARY LINE NO.11 CHANGED FROM $861,674 TO $914,606FED 990 PAGE 1 PART I SUMMARY LINE NO.12 CHANGED FROM $2,653,737 TO $3,292,423FED 990 PAGE 1 PART I SUMMARY LINE NO.16b CHANGED FROM $191,293 TO $241,133FED 990 PAGE 1 PART I SUMMARY LINE NO.17 CHANGED FROM $710,597 TO $787,297FED 990 PAGE 1 PART I SUMMARY LINE NO.18 CHANGED FROM $2,070,874 TO $2,147,574FED 990 PAGE 1 PART I SUMMARY LINE NO.19 CHANGED FROM $582,863 TO $1,144,849FED 990 PAGE 1 PART I SUMMARY LINE NO.20 CHANGED FROM $6,230,336 TO $5,568,746FED 990 PAGE 1 PART I SUMMARY LINE NO.21 CHANGED FROM $191,868 TO $191,868FED 990 PAGE 1 PART I SUMMARY LINE NO.22 CHANGED FROM $6,038,468 TO $5,376,878FED 990 PAGE 2 LINE NO.4A EXPENSES CHANGED FROM $1,665,825 TO $1,116,873FED 990 PAGE 2 LINE NO.4A REVENUE CHANGED FROM $0 TO $190,184FED 990 PAGE 2 LINE NO.4B EXPENSES CHANGED FROM $0 TO $575,489FED 990 PAGE 2 LINE NO.4B REVENUE CHANGED FROM $O TO $1,166,740FED 990 PAGE 2 LINE NO.4D CHANGED FROM $1,665,825 TO $1,692,302FED 990 PAGE 5 LINE NO.7A CHANGED FROM NO TO YESFED 990 PAGE 5 LINE NO.7B CHANGED FROM BLANK TO YESFED 990 PAGE 8 LINE NO.20D CHANGED FROM $0 TO $100,000FED 990 PAGE 9 LINE NO.1D CHANGED FROM $53,150 TO $0FED 990 PAGE 9 LINE NO.1E CHANGED FROM $470,752 TO $597,321FED 990 PAGE 9 LINE NO.1F CHANGED FROM $613,517 TO $486,948FED 990 PAGE 9 LINE NO.1H CHANGED FROM $1,137,149 TO $1,084,269FED 990 PAGE 9 LINE NO.2B COLUMN A CHANGED FROM $136,816 TO $137,034FED 990 PAGE 9 LINE NO.2B COLUMN B CHANGED FROM $136,816 TO $137,034FED 990 PAGE 9 LINE NO.2G CHANGED FROM $651,103 TO $651,321FED 990 PAGE 9 LINE NO.7A CHANGED FROM $0 TO $1,270,000FED 990 PAGE 9 LINE NO.7B CHANGED FROM $0 TO $631,314FED 990 PAGE 9 LINE NO.7C CHANGED FROM $0 TO $638,686FED 990 PAGE 9 LINE NO.7D COLUMN A CHANGED FROM $0 TO $638,686FED 990 PAGE 9 LINE NO.7D COLUMN D CHANGED FROM $0 TO $638,686FED 990 PAGE 9 LINE NO.11A COLUMN A WAS RECLASSIFIED AS PROGRAM REVENUE LINE 2CFED 990 PAGE 9 LINE NO.11B CHANGED FROM OTHER INCOME TO OTHER INTERCOMPANY INCOMEFED 990 PAGE 9 LINE NO.7D COLUMN A CHANGED FROM $218 TO $53,150FED 990 PAGE 9 LINE NO.7D COLUMN B CHANGED FROM $218 TO $53,150FED 990 PAGE 9 LINE NO.11D COLUMN A CHANGED FROM $652,671 TO $705,603FED 990 PAGE 9 LINE NO.12 COLUMN A CHANGED FROM $2,653,737 TO $3,292,423FED 990 PAGE 9 LINE NO.12 COLUMN B CHANGED FROM $1,303,771 TO $1,365,924FED 990 PAGE 9 LINE NO.12 COLUMN D CHANGED FROM $3,541 TO $642,227FED 990 PAGE 10 LINE NO.5 COLUMN A CHANGED FROM $0 TO $100,000FED 990 PAGE 10 LINE NO.5 COLUMN B CHANGED FROM $0 TO $77,657FED 990 PAGE 10 LINE NO.5 COLUMN C CHANGED FROM $0 TO $10,509FED 990 PAGE 10 LINE NO.5 COLUMN D CHANGED FROM $0 TO $11,834FED 990 PAGE 10 LINE NO.7 COLUMN A CHANGED FROM $1,177,239 TO $1,077,239FED 990 PAGE 10 LINE NO.7 COLUMN B CHANGED FROM $914,199 TO $836,542FED 990 PAGE 10 LINE NO.7 COLUMN C CHANGED FROM $123,721 TO $113,212FED 990 PAGE 10 LINE NO.7 COLUMN D CHANGED FROM $139,319 TO $127,485FED 990 PAGE 10 LINE NO.22 COLUMN A CHANGED FROM $0 TO $27,291FED 990 PAGE 10 LINE NO.22 COLUMN B CHANGED FROM $0 TO $26,477FED 990 PAGE 10 LINE NO.22 COLUMN C CHANGED FROM $0 TO $383FED 990 PAGE 10 LINE NO.22 COLUMN D CHANGED FROM $0 TO $431FED 990 PAGE 10 LINE NO.24E COLUMN A CHANGED FROM $117,292 TO $166,702FED 990 PAGE 10 LINE NO.24E COLUMN B CHANGED FROM $133,571 TO $133,572FED 990 PAGE 10 LINE NO.24E COLUMN D CHANGED FROM $-31,862 TO $17,547FED 990 PAGE 10 LINE NO.25 COLUMN A CHANGED FROM $2,070,874 TO $2,147,574FED 990 PAGE 10 LINE NO.25 COLUMN B CHANGED FROM $1,665,825 TO $1,692,302FED 990 PAGE 10 LINE NO.25 COLUMN C CHANGED FROM $213,756 TO $214,139FED 990 PAGE 10 LINE NO.25 COLUMN D CHANGED FROM $191,293 TO $241,133FED 990 PAGE 11 LINE NO.10A CHANGED FROM $1,618,280 TO $239,496FED 990 PAGE 11 LINE NO.10B CHANGED FROM $882,746 TO $159,875FED 990 PAGE 11 LINE NO.10B COLUMN B CHANGED FROM $735,534 TO $79,621FED 990 PAGE 11 LINE NO.14 COLUMN B CHANGED FROM $5,897 TO $0FED 990 PAGE 11 LINE NO.16 COLUMN B CHANGED FROM $6,230,336 TO $5,568,746FED 990 PAGE 11 LINE NO.29 COLUMN B CHANGED FROM $661,590 TO $0FED 990 PAGE 11 LINE NO.33 COLUMN B CHANGED FROM $6,038,468 TO $5,376,878FED 990 PAGE 11 LINE NO.34 COLUMN B CHANGED FROM $6,230,336 TO $5,568,746FED 990 PAGE 12 LINE NO.1 CHANGED FROM $2,653,737 TO $3,292,423FED 990 PAGE 12 LINE NO.2 CHANGED FROM $2,070,874 TO $2,147,574FED 990 PAGE 12 LINE NO.3 CHANGED FROM $582,863 TO $1,144,849FED 990 PAGE 12 LINE NO.9 CHANGED FROM $644,726 TO -$578,850FED 990 PAGE 12 LINE NO.10 CHANGED FROM $6,038,468 TO $5,376,878Sch A PAGE 3 LINE NO.1 COLUMN E FROM $1,084,269 TO $1,356,924Sch A PAGE 3 LINE NO.1 COLUMN F CHANGED FROM $4,678,803 TO $4,951,458Sch A PAGE 3 LINE NO.2 COLUMN E CHANGED FROM $704,471 TO $989,372Sch A PAGE 3 LINE NO.2 COLUMN F CHANGED FROM $4,740,632 TO $5,025,533Sch A PAGE 3 LINE NO.6 COLUMN E CHANGED FROM $1,788,740 TO $2,346,296Sch A PAGE 3 LINE NO.6 COLUMN F CHANGED FROM $9,419,435 TO $9,976,991Sch A PAGE 3 LINE NO.8 COLUMN F CHANGED FROM $9,213,177 TO $9,770,733Sch A PAGE 3 LINE NO.9 COLUMN E CHANGED FROM $1,788,740 TO $2,346,296Sch A PAGE 3 LINE NO.9 COLUMN F CHANGED FROM $9,419,435 TO $9,976,991Sch A PAGE 3 LINE NO.12 COLUMN E CHANGED FROM $861,456 TO $209,003Sch A PAGE 3 LINE NO.12 COLUMN F CHANGED FROM $1,612,754 TO $$53,150Sch A PAGE 3 LINE NO.13 COLUMN E CHANGED FROM $2,653,737 TO $2,558,840Sch A PAGE 3 LINE NO.13 COLUMN F CHANGED FROM $11,062,135 TO $10,967,238Sch A PAGE 3 LINE NO.15 CHANGED FROM 83.29% TO 89.09%Sch A PAGE 8 PART III DEVELOPER FEE CHANGED FROM $652,453 TO $0Sch B ENTERPRISE COMMUNITY PARTNERS INC FOR $9,849 CHANGED TO $5,000Sch B NYC DOVE ADDED FOR $121,720Sch D PAGE 2 LINE NO.1A COLUMN B CHANGED FROM $115,000 TO $0Sch D PAGE 2 LINE NO.1A COLUMN D CHANGED FROM $115,000 TO $0Sch D PAGE 2 LINE NO.1B COLUMN B CHANGED FROM $1,418,523 TO $155,739Sch D PAGE 2 LINE NO.1B COLUMN C CHANGED FROM $840,633 TO $89,382Sch D PAGE 2 LINE NO.1B COLUMN D CHANGED FROM $877,890 TO $66,357Sch D PAGE 2 LINE NO.1C COLUMN C CHANGED FROM $3,862 TO $0Sch D PAGE 2 LINE NO.1C COLUMN D CHANGED FROM -$3,862 TO $0Sch D PAGE 2 LINE NO.1D COLUMN B CHANGED FROM $0 TO $83,757Sch D PAGE 2 LINE NO.1D COLUMN C CHANGED FROM -$47,309 TO $70,493Sch D PAGE 2 LINE NO.1D COLUMN D CHANGED FROM $47,309 TO $13,264Sch D PAGE 2 LINE NO.1E COLUMN B CHANGED FROM $84,757 TO $0Sch D PAGE 2 LINE NO.1E COLUMN C CHANGED FROM $85,560 TO $0Sch D PAGE 2 LINE NO.1E COLUMN D CHANGED FROM -$803 TO $0Sch D PAGE 2 PART VI TOTAL CHANGED FROM $735,534 TO $79,621Sch D PAGE 4 PART XI LINE NO.1 CHANGED FROM $2,653,737 TO $5,185,382Sch D PAGE 4 PART XI LINE NO.2D CHANGED FROM $0 TO $2,531,645Sch D PAGE 4 PART XI LINE NO.2E CHANGED FROM $0 TO $2,531,645Sch D PAGE 4 PART XI LINE NO.4B CHANGED FROM $0 TO $638,686Sch D PAGE 4 PART XI LINE NO.4C CHANGED FROM $0 TO $638,686Sch D PAGE 4 PART XI LINE NO.5 CHANGED FROM $2,653,737 TO $3,292,423Sch D PAGE 4 PART XII LINE NO.1 CHANGED FROM $2,070,874 TO $5,650,232Sch D PAGE 4 PART XII LINE NO.2D CHANGED FROM $0 TO $3,523,503Sch D PAGE 4 PART XII LINE NO.2E CHANGED FROM $0 TO $3,523,503Sch D PAGE 4 PART XII LINE NO.3 CHANGED FROM $2,070,874 TO $2,126,729Sch D PAGE 4 PART XII LINE NO.4B CHANGED FROM $0 TO $20,845Sch D PAGE 4 PART XII LINE NO.4C CHANGED FROM $0 TO $20,845Sch D PAGE 4 PART XII LINE NO.5 CHANGED FROM $2,070,874 TO $2,147,574Sch D PAGE 4 FOOTNOTE CHANGEDSch N REPORTED FAIR MARKET VALUE OF ASSETS SOLD WITH SUPPORTING EXPLANATORY NOTESSch D PAGE 4 LINE NO.2A CHANGED FROM NO TO YESSch D PAGE 4 LINE NO.2B CHANGED FROM BLANK TO NOSch D PAGE 4 LINE NO.2C CHANGED FROM BLANK TO NOSch D PAGE 4 LINE NO.2D CHANGED FROM BLANK TO NOSch O ADDED SALE OF PROPERTY SUPPLEMENTAL NOTESch O ADDED EXPLANATION OF AMENDED 2016 FED 990 TAX RETURNSch R PAGE 3 LINE NO.1E CHANGED FROM NO TO YESSch R PAGE 3 LINE NO.1G CHANGED FROM NO TO YESSch R PAGE 3 LINE NO.1Q CHANGED FROM NO TO YESSch R PAGE 3 LINE NO.1S CHANGED FROM NO TO YESSch R PAGE 3 SECTION ADDED 2 RELATED ORGANIZATION TRANSACTIONSSch R PAGE 5 ADDED TWO ENTITIESSch R-1 PAGE 3 ADDED TWO ENTITIESSch R-1 PAGE 4 ADDED TWO ENTITIESSch R-1 PAGE 5 ADDED 13 RELATED ORGANIZATION TRANSACTIONS FED 990 PART VIII LINE 7 SALE OF PROPERTY effective October 28, 2016, the organization, as parent/grantor/donOr is reporting the capital contribution, sale and transfer of project net assets of residential affordable housing project (BRIDGE COMMUNITY)to citywide supportive housing development fund corporation (citywide hdfc,) a related controlled NYS 501(c)(3) noT-for profit corporation, the purchaser/grantee/donee. the organization transferred the AFFORDABLE HOUSING residential building. The building was contributed aT its adjusted basis for tax purpose which was also its net depreciable book value, reduced by project liabilities assumed by citywide hdfc, amounting to $1,270,000.in October 2016, CITYWIDE hdfc acquired bridge community from ITS CONTROLLING PARENT ORGANIZATION, NEW DESTINY HOUSING CORPORATION (HEREINAFTER ND). on October 28, 2016, CITYWIDE hdfc sold bridge community, 281 bainbridge and bridge towers, consisting of 36 residential units and one super's unit, to BRIDGE COMMUNITY ASSOCIATES, LLC (bca), AN ENTITY THAT IS INDIRECTLY RELATED TO ND BECAUSE CITYWIDE HDFC IS A GENERAL PARTNER VIA ITS 100% OWNERSHIP OF THE CORPORATE GP,BRIDGE COMMUNITY ASSOCIATES MM INC. THE ACQUISITION PRICE WAS $3,290,000, which was used to pay the following: approximately $66,000 of closing taxes, fees and charges, outstanding new York city employee retirement system (nycers) loans of approximately $210,000 for bridge community and $198,000 for 281 bainbridge, an outstanding nyc department of housing preservation and development ("hpd") loan of approximately $90,000 for 281 bainbridge, and approximately $526,000 FOR reserve and escrow accounts. the remaining balance of $1,598,000 was paid to cITYWIDE hdfc TO REIMBURSE IT FOR REHABILITATION COSTS OF THE PROPERTIES SOLD.in conjunction with the sale, BCA assumed a purchase money note payable to new destiny.The net sales price of approximately $3,290,000, less the net book value of assets sold of $1,668,000, resulted IN a deferred gain on THE sale of BRIDGE COMMUNITY PROJECT of approximately $1,622,000, ON THE CONSOLIDATED FINANCIAL STATEMENTS. THE deferred gain on sale has been eliminated in consolidation. ND's GAIN OF $638,686 ON THE SALE and disposition OF THE BRIDGE COMMUNITY PROJECT TO CITIWIDE SUPPORTIVE HOUSING HDFC IS REPORTED FOR TAX PURPOSES ON LINE 7C, FED 990 PAGE 9 PART VIII. SEE ALSO SCHEDULE N. CITYWIDE SUPPORTIVE HDFC 12 W 37TH ST 7TH FL NEW YORK NY 10018 050535640 LOW INC. HOUSING NY 501(C)(3) 9-SCHEDULE A NEW DESTINY true CITYWIDE SUPPORTIVE HOUSING INC 12 W 37TH ST 7TH FL NEW YORK NY 10018 133875562 LOW INC. HOUSING NY 501(C)(3) 9-SCHEDULE A NEW DESTINY true ANDREWS AVENUE ASSOCIATES LP 12 W 37TH ST 7TH FL NEW YORK NY 10018 753221119 REAL ESTATE NY na RELATED false false 0.00010 1070 ANDERSON AVENUE LIMITED PARTNERSHIP 12 W 37TH ST 7TH FL NEW YORK NY 10018 271908397 REAL ESTATE NY N/A RELATED false false 0.00010 291 BAINBRIDGE LIMITED PARTNERSHIP 12 W 37TH ST 7TH FL NEW YORK NY 10018 453688745 REAL ESTATE NY N/A RELATED false false 0.00010 2017 MORRIS AVENUE OWNER LLC 12 W 37TH ST 7TH FL NEW YORK NY 10018 464261444 REAL ESTATE NY N/A RELATED false false 0.00010 Bridge community associates llc 12 W 37TH ST 7TH FL NEW YORK NY 10018 352542583 REAL ESTATE NY na RELATED false false 0.00010 902 JENNINGS STREET OWNER LLC 12 W 37TH ST 7TH FL NEW YORK NY 10018 820874822 REAL ESTATE NY na RELATED false false 0.00010 1070 ANDERSON HOUSING DEV FUND CORP 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 611559082 REAL ESTATE NY NEW DESTINY N/A 1.00000 false CITYWIDE ANDREWS ASSOCIATES INC 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 753221117 REAL ESTATE NY CITYWIDE SUPPORTIVE HDFC N/A 1.00000 false 1070 ANDERSON AVENUE GP CORP 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 271905248 REAL ESTATE NY 1070 ANDERSON HDFC C CORP 1.00000 false 291BAINBRIDGE GP CORP 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 453688626 REAL ESTATE NY 291 BAINBRIDGE HDFC C CORP 9957 1.00000 false 291 BAINBRIDGE HDFC 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 454670737 REAL ESTATE NY NEW DESTINY CONTROL C CORP false 2017 MORRIS AVENUE CORP 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 464327045 REAL ESTATE NY 2017 MORRIS HDFC C CORP 1.00000 false 2017 MORRIS HDFC 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 464250550 REAL ESTATE NY NEW DESTINY- C CORP false 902 JENNINGS STREET HDFC 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 474159659 REAL ESTATE NY NEW DESTINY C CORP false BRIDGE COMMUNITY ASSOCIATES MM INC 12 WEST 37TH STREET 7TH FLOOR NEW YORK NY 10018 813591576 REAL ESTATE NY na C CORP. 0.00010 false 902 JENNINGS STREET MM INC 12 WEST 37TH STREET 7TH FLOOR NEW YORK NY 10018 384029033 REAL ESTATE NY na C CORP. 0.00010 false false false false true true false true false false false false true false false false false true false true CITYWIDE SUPPORTIVE HDFC d 84595 fmv CITYWIDE SUPPORTIVE HDFC e 10198 fmv CITYWIDE SUPPORTIVE HDFC g 1270000 fmv CITYWIDE SUPPORTIVE HDFC q 42431 fmv CITYWIDE SUPPORTIVE HOUSING INC d 102829 FMV CITYWIDE SUPPORTIVE HOUSING INC l 56500 FMV CITYWIDE SUPPORTIVE HOUSING INC q 268375 fmv CITYWIDE SUPPORTIVE HOUSING INC s 334375 FMV ANDREWS AVENUE ASSOCIATES LP d 534726 FMV ANDREWS AVENUE ASSOCIATES LP l 84482 FMV 1070 ANDERSON AVENUE LIMITED PARTNERSHIP d 498587 FMV 1070 ANDERSON AVENUE LIMITED PARTNERSHIP l 107063 FMV 1070 ANDERSON AVENUE LIMITED PARTNERSHIP s 9000 FMV 291 BAINBRIDGE LIMITED PARTNERSHIP d 431839 FMV 291 BAINBRIDGE LIMITED PARTNERSHIP l 222470 FMV 291 BAINBRIDGE LIMITED PARTNERSHIP s 6975 FMV 2017 MORRIS AVENUE OWNER LLC d 262740 FMV 2017 MORRIS AVENUE OWNER LLC l 123318 FMV 2017 MORRIS AVENUE OWNER LLC s 562466 FMV Bridge community associates llc d 75431 FMV Bridge community associates llc s 200000 FMV 902 JENNINGS STREET OWNER LLC s 452453 FMV 1070 ANDERSON AVENUE GP CORP d 377 FMV 902 JENNINGS STREET HDFC d 245028 FMV