10TH AND 51ST HOUSING DEVELOPMENT FUND COMPANY INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
10TH AND 51ST HOUSING DEVELOPMENT FUND COMPANY INC (EIN 13-3270654)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-05-08
IRS object ID
201811289349301171
Schema version
2016v3.0
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)
Return2018-05-08T11:08:27-05:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

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 Line1665 Fifth AvenueAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133270654EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line110TH AND 51ST HOUSING DEVELOPMENTBusinessNameLine1Txt
Business Name Line2FUND COMPANY INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name Control10THBusinessNameControlTxt
Phone2129627653PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 PARK PLACE No 1416AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10007ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLinda HoffmanPersonNm
Person TitleCEOPersonTitleTxt
Phone2129627653PhoneNum
Signature2018-05-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGarrett M HigginsPreparerPersonNm
PTINP00543209PTIN
Phone2122862600PhoneNum
Preparation2018-04-27PreparationDt
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLinda HoffmanPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 PARK PLACE No 1416AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10007ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,003,264GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.nyfsc.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1985FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionPROVIDES 99 UNITS OF SUBSIDIZED LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED AT 404 WEST 54TH STREET, MANHATTAN, IT OFFERS SOCIAL AND RECREATIONAL SERVICES. FORTY Seven (47) OF ITS TENANTS ARE ENRICHED HOUSING PROGRAM RESIDENTS WHO REQUIRE SPECIAL ASSISTANCE AND FOOD SERVICE.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee9TotalEmployeeCnt
Total Volunteers4TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$1,985,492PYProgramServiceRevenueAmt
CY Program Service Revenue$1,996,565CYProgramServiceRevenueAmt
PY Investment Income$1,142PYInvestmentIncomeAmt
CY Investment Income$1,720CYInvestmentIncomeAmt
PY Other Revenue$4,800PYOtherRevenueAmt
CY Other Revenue$4,979CYOtherRevenueAmt
PY Total Revenue$1,991,434PYTotalRevenueAmt
CY Total Revenue$2,003,264CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$355,207PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$344,550CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,638,016PYOtherExpensesAmt
CY Other Expenses$1,660,634CYOtherExpensesAmt
PY Total Expenses$1,993,223PYTotalExpensesAmt
CY Total Expenses$2,005,184CYTotalExpensesAmt
PY Revenues Less Expenses-$1,789PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,920CYRevenuesLessExpensesAmt
Total Assets BOY$5,411,050TotalAssetsBOYAmt
Total Assets EOY$5,173,653TotalAssetsEOYAmt
Total Liabilities BOY$7,618,740TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,383,263TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$2,207,690NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$2,209,610NetAssetsOrFundBalancesEOYAmt
MissionDEVELOPING, CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR THE ELDERLY AND HANDICAPPED.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,908,505ExpenseAmt
Revenue$1,996,565RevenueAmt
DescPROVIDES 99 UNITS OF SUBSIDIZED LOW INCOME HOUSING FOR SENIOR CITIZENS.Desc
Total Program Service Expenses$1,908,505TotalProgramServiceExpensesAmt
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 CounselingYes (1)CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
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 Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
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 Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document6IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee9EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
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
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
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 Line1Martha Bauer Chief Financial OfficerBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2129627653PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 park place suite 1416AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10007ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DEBORAH SMITH BERNSTEIN
PRESIDENT0.203.20Yes (X)Yes (X)$0$0$0
ELIZABETH R TOZER
VICE PRESident0.203.40Yes (X)Yes (X)$0$55,500$0
JOAN FINKELSTEIN
Executive Secretary0.203.00Yes (X)Yes (X)$0$0$0
ANN VAN NESS
BOARD MEMBER0.203.40Yes (X)$0$0$0
Linda R Hoffman
Chief Executive Officer1.0035.00Yes (X)$0$606,392$21,620
Martha BAuer
Chief Financial Officer1.0035.00Yes (X)$0$243,185$23,950
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$905,077TotReportableCompRltdOrgAmt
Total Other Compensation$45,570TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ALLIED BARTON SECURITY SERVICESBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 828854AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19182ZIPCd
FieldValueIRS element (for citing)
ServicesSECURITY SERVICESServicesDesc
Compensation$110,540CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRENTAL INCOMEDesc
Business531110BusinessCd
Total Revenue Column$1,996,565TotalRevenueColumnAmt
Related Or Exempt Func Income$1,996,565RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,996,565TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,720TotalRevenueColumnAmt
Exclusion$1,720ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
Laundry revenue531110$4,800$4,800
Forfeited Security Dep531110$179$179
FieldValueIRS element (for citing)
Other Revenue Total$4,979OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,003,264TotalRevenueColumnAmt
Related Or Exempt Func Income$1,996,565RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$6,699ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$277,886TotalAmt
Program Services$277,886ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$38,824TotalAmt
Program Services$38,824ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$27,840TotalAmt
Program Services$27,840ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$71,400TotalAmt
Management And General$71,400ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,112TotalAmt
Management And General$1,112ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$30,787TotalAmt
Program Services$14,287ProgramServicesAmt
Management And General$16,500ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$184,343TotalAmt
Program Services$184,343ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$13,340TotalAmt
Program Services$5,673ProgramServicesAmt
Management And General$7,667ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,009,120TotalAmt
Program Services$1,009,120ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$267,285TotalAmt
Program Services$267,285ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
operating & maintenance$83,111$83,111
bad debt expense$136$136

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,005,184TotalAmt
Program Services$1,908,505ProgramServicesAmt
Management And General$96,679ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$22,814BOYAmt
EOY$25,203EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$408,932BOYAmt
EOY$395,066EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,352BOYAmt
EOY$1,430EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$92,227BOYAmt
EOY$76,346EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$10,157,194LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,500,648LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,867,147BOYAmt
EOY$4,656,546EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$18,578BOYAmt
EOY$19,062EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,411,050BOYAmt
EOY$5,173,653EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$165,113BOYAmt
EOY$137,613EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$17,603BOYAmt
EOY$18,301EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$7,400,556BOYAmt
EOY$7,192,983EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$35,468BOYAmt
EOY$34,366EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,618,740BOYAmt
EOY$7,383,263EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$2,207,690BOYAmt
EOY-$2,209,610EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$2,207,690BOYAmt
EOY-$2,209,610EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,411,050BOYAmt
EOY$5,173,653EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,920ReconcilationRevenueExpnssAmt
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)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,797,169CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,849,324CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,891,880CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,985,492CurrentTaxYearMinus1YearAmt
Current Tax Year$1,996,565CurrentTaxYearAmt
Total$9,520,430TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,797,169CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,849,324CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,891,880CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,985,492CurrentTaxYearMinus1YearAmt
Current Tax Year$1,996,565CurrentTaxYearAmt
Total$9,520,430TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$9,520,430PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$622CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$454CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$448CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,142CurrentTaxYearMinus1YearAmt
Current Tax Year$1,720CurrentTaxYearAmt
Total$4,386TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$622CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$454CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$448CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,142CurrentTaxYearMinus1YearAmt
Current Tax Year$1,720CurrentTaxYearAmt
Total$4,386TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$132,774CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,798CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,890CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,800CurrentTaxYearMinus1YearAmt
Current Tax Year$4,979CurrentTaxYearAmt
Total$152,241TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,930,565CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,854,576CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,897,218CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,991,434CurrentTaxYearMinus1YearAmt
Current Tax Year$2,003,264CurrentTaxYearAmt
Total$9,677,057TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.98380PublicSupportCY509Pct
Public Support PY5090.98360PublicSupportPY509Pct
Investment Income CY0.00050InvestmentIncomeCYPct
Investment Income PY0.00030InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part III, Line 12, Explanation of Other Income:FormAndLineReferenceDesc
ExplanationLAUNDRY REVENUE - 2012 Amount: $ 4,800. 2013 Amount: $ 4,798. 2014 Amount: $ 4,800. 2015 Amount: $ 4,800. 2016 Amount: $ 4,800. RECOVERY OF MORTGAGE FUNDS - 2012 Amount: $ 127,974. Forfeited Security Deposits - 2014 Amount: $ 90. 2016 Amount: $ 179.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$10,064,951OtherCostOrOtherBasisAmt
Depreciation$5,414,449DepreciationAmt
Book Value$4,650,502BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$92,243OtherCostOrOtherBasisAmt
Depreciation$86,199DepreciationAmt
Book Value$6,044BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$4,656,546TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMANAGEMENT FEE PAYABLE TO SPONSORDesc
Amt$34,366Amt
FieldValueIRS element (for citing)
Total Liability$34,366TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,003,264TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$2,003,264RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,003,264TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,005,184TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,005,184ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,005,184TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part IV, Line 2b:The Organization collects and maintains tenant security deposits in alignment with the following procedure. Residents provide the Building Management Officer with a security deposit upon moving into the housing unit. These funds are deposited into a separate account and held by the Organization to address future expenses that may be incurred for repairs and/or damages to the housing units after the tenant vacates the premises. The remaining security deposit funds are disbursed back to the tenant by the Organization when all necessary repairs have been completed to prepare the unit for an incoming tenant.
Part X, Line 2:The Entity recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the Entity had no uncertain tax positions that would require financial statement recognition or disclosure. The Entity is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to June 30, 2014.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Linda R Hoffman
Chief Executive Officer$0$480,580$0$75,000$0$50,812$0$0$0$21,620$0$628,012$0$0
Martha BAuer
Chief Financial Officer$0$225,685$0$17,500$0$0$0$2,280$0$21,670$0$267,135$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 3FormAndLineReferenceDesc
ExplanationNEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. HAS ESTABLISHED A WRITTEN COMPENSATION POLICY FOR THEIR COMPENSATION COMMITTEE TO FOLLOW IN ESTABLISHING THE COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES. THE POLICY MANDATES THAT EXECUTIVE COMPENSATION BE REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE AND THAT THE COMMITTEE SHOULD BE FREE OF CONFLICTS OF INTEREST. IN ADDITION, THE APPROVING COMPENSATION COMMITTEE NEEDS TO REVIEW APPROPRIATE AND ADEQUATE DATA TO DETERMINE THE REASONABLENESS OF COMPENSATION BEING CONSIDERED. THE COMPENSATION COMMITTEE USES A VARIETY OF INFORMATION AND STUDIES THAT ARE AVAILABLE TO DETERMINE THAT THE APPROPRIATE LEVEL OF COMPENSATION IS BEING PAID TO ITS EXECUTIVES. IN JULY 2016, THE COMPENSATION COMMITTEE OF NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. ENGAGED AN OUTSIDE CONSULTING FIRM TO CONDUCT AN EXECUTIVE COMPENSATION STUDY WHICH INCLUDED A MARKET EVALUATION OF THE TOP FIVE POSITIONS WITHIN THE ORGANIZATION. THE COMPENSATION COMMITTEE'S DECISION ON THE AMOUNT OF COMPENSATION PAID IS REQUIRED TO BE ADEQUATELY DOCUMENTED IN A CONTEMPORANEOUSLY WRITTEN FORMAT AND SHOULD DOCUMENT THE DATE OF THE DECISION, THE MEMBERS PRESENT DURING THE DECISION AND THOSE WHO VOTED ON IT, THE FULL TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE COMPARABLE DATA USED AND RELIED UPON TO MAKE THE DECISION. THE COMPENSATION REVIEW PROCESS FOR THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES WAS LAST UNDERTAKEN IN SEPTEMBER 2017.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 3The Project purchases management services from its sponsor, New York Foundation for Senior Citizens, Inc., a related entity. These fees are chargeable up to the maximum HUD allowable rate of $59.50 per unit per month. The management fees incurred during the year ended June 30, 2017 amounted to $71,400. Management fees payable at June 30, 2017 were $34,366. In addition, the Sponsor charges the Entity for bookkeeping and accounting services. These fees amounted to $9,264 the year ended June 30, 2017. The Management Company manages the building. They collect rent, pay bills, oversee the maintenance of the building and re-certify tenants annually to insure compliance with HUD requirements. Please refer to part VII and schedule j as, Linda Hoffman and Martha Bauer are compensated by the related entity.
Form 990, Part VI, Section B, line 11bTenth and 51st HDFC, Inc. 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, its submitted electronically to a representative member of the organization's governing body for any comments prior to its submission. The governing body is provided with one week to review the prepared Form 990 and provide their comments. Any comments are then grouped, summarized and provided to the management committee in charge of filing the return for their review. Each issue is documented and addressed until the return is finalized and approved for filing.
Form 990, Part VI, Section B, line 12cTenth and 51st hdfc, inc. currently has in place a conflict of interest policy which it annually monitors and enforces. The board currently mandates that all members of management and the governing body annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. The signed conflict of interest policy is submitted to the corporate compliance officer who reviews the signed attestations for potential or actual conflicts. If a potential or actual conflict of interest exists, the corporate compliance officer will notify a member of management or the governing body about such conflict and investigate the conflict. The results of the investigation will be summarized and documented by the corporate compliance officer and be reported to the governing body. If the corporate compliance officer establishes that an actual conflict exists, the member of management or the governing body will be notified immediately and will not be allowed to vote or be a part of any decisions about any such transactions that have to do with the conflict until such time there is no longer a conflict.
Form 990, Part VI, Section C, line 19Tenth & 51st, HDFC, Inc. 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 websites. In addition, Forms 990 and 1023 as well as the governing documents, conflict of interest policy and financial statements are available upon written request to 11 Park Place, suite 1416, New York, NY, 10007 or by calling the organization directly at (212) 962-7653.
FORM 990, PART VII: EXPLANATION OF PAYMENT TO ELIZABETH F. TOZERBOARD MEMBER ELIZABETH F. TOZER RECEIVES NO COMPENSATION IN HER CAPACITY AS BOARD MEMBER AND OFFICER. SHE DOES RECEIVE COMPENSATION IN HER CAPACITY AS INTERIOR DESIGN CONSULTANT TO NYFSC, INC., A RELATED ORGANIZATION.
Form 990, Part Xi, line 2c:Tenth and 51st hdfc, inc. has a committee that is responsible for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the previous year.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (12 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACd
New York FDTN for Senior Citizens Inc - Guardian Services
11 Park Place Suite 1416new yorkNY10007133501671legal guardian for adults enrolled in NYC's Human Resources Admin. Prgm.NY501(c)(3)Line 7new york foundation for senior citizens inc0
1850 Second Avenue Services Corp
11 Park Place Suite 1416new yorkNY10007133557175subsidized housing for the low income.NY501(c)(3)Line 10new york foundation for senior citizens inc0
george Daly HDFC inc
11 Park Place Suite 1416new yorkNY10007133535818To provide transitional housing for the homelessNY501(c)(3)Line 7new york foundation for senior citizens inc0
New York Fdtn for Senior Citizens - Home Attendant Svcs inc
11 Park Place Suite 1416new yorkNY10007133083582Long-term care Home Attendant Program for the eldery.NY501(c)(3)Line 7new york foundation for senior citizens inc0
80-92 Ridge Street HDFC Inc
11 Park Place Suite 1416New yorkNY10007133584060subsidized housing for the elderly.NY501(c)(3)Line 10new york foundation for senior citizens inc0
yorkville gardens hdfc inc
11 Park Place Suite 1416new yorkNY10007133085054subsidized housing for the elderly.NY501(c)(3)Line 10new york foundation for senior citizens inc0
New York Foundation for Senior Citizens inc
11 Park Place Suite 1416new yorkNY10007132618568IMPROVE the QUALITY OF LIFE FOR the ELDERLY.NY501(c)(3)Line 70N/A
concourse Gardens hdfc inc
11 Park Place Suite 1416new yorkNY10007133696061subsidized housing for the elderly.NY501(c)(3)Line 10new york foundation for senior citizens inc0
cumberland Gardens hdfc inc
11 Park Place Suite 1416new yorkNY10007133907908subsidized housing for the elderly.NY501(c)(3)Line 10new york foundation for senior citizens inc0
alma rangel gardens HDFC inc
11 Park Place Suite 1416new yorkNY10007134066940subsidized housing for the elderly.NY501(c)(3)Line 10new york foundation for senior citizens inc0
river view gardens hdfc inc
11 Park Place Suite 1416new yorkNY10007133995933subsidized housing for the elderly.NY501(c)(3)Line 10new york foundation for senior citizens inc0
surf Gardens hdfc inc
11 Park Place Suite 1416new yorkNY10007205437122subsidized housing for the elderlyNY501(c)(3)Line 10new york foundation for senior citizens inc0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Surf gardens Coney Island LPBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 park place rm 1416AddressLine1Txt
Citynew yorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10007ZIPCd
FieldValueIRS element (for citing)
EIN262956023EIN
Primary ActivitiesLow Income Housing for the elderlyPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1surf gardens gp incBusinessNameLine1Txt
FieldValueIRS element (for citing)
Predominant Income Typen/aPredominantIncomeTypeTxt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing Partner0GeneralOrManagingPartnerInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Surf Gardens GP incBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 park place rm 1416AddressLine1Txt
Citynew yorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10007ZIPCd
FieldValueIRS element (for citing)
EIN262956084EIN
Primary ActivitiesReal estatePrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1new york foundation for senior citizens incBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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