2018-08-15T16:19:59-05:00 2017-12-31 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2017-01-01 800522071 ACTORS FUND HOUSING DEVELOPMENT CORPORATION % CONNIE YOO ACTO 2122217300 729 Seventh Avenue Suite 10th Fl New York NY 10019 CONNIE YOO CFO 2122217300 2018-08-15 true DANIEL ROMANO P00504182 2125990100 2017 2022-09-23 18:48:47Z JOSEPH BENINCASA - PRESIDENT 2185006 false X actorsfund.org/housing-development-corporatio X 2009 NY TO DEVELOP AFFORDABLE, SUPPORTIVE AND SENIOR HOUSING FOR THE PERFORMING ARTS COMMUNITY THAT IMPROVES LIVES, CREATES JOBS, FOSTERS ECONOMIC DEVELOPMENT & REVITALIZES COMMUNITIES. 10 7 0 0 0 0 765650 766787 1447974 1417207 446 1012 0 0 2214070 2185006 0 0 0 0 0 0 0 0 0 2881070 2947737 2881070 2947737 -667000 -762731 19713892 18902761 22097111 22048711 -2383219 -3145950 X TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS COMMUNITY THAT IMPROVES LIVES, FOSTERS ECONOMIC DEVELOPMENT AND REVITALIZES COMMUNITIES (CONTINUED IN SCHEDULE O). false false 2919258 0 1402207 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 WERE PROVIDED. 0 0 15000 THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION IS A SUBSIDIARY OF THE ACTORS FUND DEVELOPING NEW AFFORDABLE HOUSING FOR THE PERFORMING ARTS AND ENTERTAINMENT COMMUNITY. 2919258 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 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 50.0 X X 0 543344 101166 BARBARA DAVIS SECRETARY 10.0 50.0 X X 0 288421 93191 CONNIE YOO TREASURER 10.0 50.0 X X 0 237175 85825 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 (as of 02/2017) 1.0 0.0 X 0 0 0 DAVID STEINER DIRECTOR 1.0 1.0 X 0 0 0 DAVID WALSH DIRECTOR 1.0 0.0 X 0 0 0 DAVID WHITE DIRECTOR 1.0 1.0 X 0 0 0 0 1068940 280182 0 false true false BREAKING GROUND MANAGEMENT 505 8TH AVENUE NEW YORK NY 10018 FRIEDMAN RES. MGMT. 369900 DNA CONTRACTING WATERPROOFING LLC 322 EIGHTH AVENUE NEW YORK NY 10001 CONSTRUCTION 344345 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON ST CONSHOHOCKEN PA 19428 SECURITY 251546 DCI-DESIGN COMMUNICATIONS INC 6851 JERICHO TURNPIKE SYOSSET NY 11791 CONTRACTOR 169035 4 766773 14 766787 RENTAL REVENUE 900099 1402207 1402207 FEE FOR SERVICE INCOME 900099 15000 15000 1417207 1012 1012 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2185006 1417207 1012 0 0 0 0 0 0 0 0 0 0 911188 911188 73644 68217 5427 20000 20000 0 0 0 257633 254956 2677 0 59851 59476 375 3885 3885 0 704930 704930 25 25 0 1809 1809 47088 47088 0 733830 733830 118044 118044 BAD DEBT EXPENSE 15810 15810 0 0 2947737 2919258 28479 0 644142 432213 97950 98962 0 0 20065 39816 0 0 0 0 0 0 0 0 17748 23329 22267086 3958645 18933987 18308441 0 0 0 0 0 0 0 0 0 0 19713892 18902761 656254 197512 0 0 7018 7095 0 0 0 0 0 0 2293565 2236033 0 0 19140274 19608071 22097111 22048711 X -2383219 -3145950 0 0 0 0 -2383219 -3145950 19713892 18902761 -762731 X false true X true false X 924337 778996 808550 749840 766787 4028510 0 0 924337 778996 808550 749840 766787 4028510 0 4028510 57 233 0 446 1012 1748 0 0 4030258 7436305 0.99957 0.99983 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2919258 2919258 295963 73991 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 SCHEDULE C, PART II-A The Actors Fund HOUSING DEVELOPMENT CORPORATION did not engage in any lobbying activities in calendar year 2017. 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. 3500000 3500000 17535147 3764716 13770431 754072 158975 595097 477867 34954 442913 18308441 0 NOTES PAYABLE 19462466 SECURITY DEPOSITS PAYABLE 145605 19608071 X FIN 48 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 SUSTAINED IF 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 REPORT UNRELATED 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 387944 0 75000 0 80400 0 66806 0 34360 0 644510 0 0 BARBARA DAVIS SECRETARY 0 254275 0 25746 0 8400 0 47063 0 46128 0 381612 0 0 CONNIE YOO TREASURER 0 213549 0 17626 0 6000 0 38385 0 47440 0 323000 0 0 METHOD OF DETERMINING COMPENSATION SCHEDULE J, PART I, LINE 3 ACTORS FUND HOUSING DEVELOPMENT CORPORATION ("AFHDC") OPERATES UNDER THE COMPENSATION POLICY OF ITS PARENT ORGANIZATION, THE ACTORS' FUND OF AMERICA ("AFA"). SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SCHEDULE J, PART I, LINE 4B FOR THE YEAR ENDING DECEMBER 31, 2017, PRESIDENT & CEO, JOSEPH BENINCASA, CHIEF OPERATING OFFICER, BARBARA DAVIS, AND CFO, CONNIE YOO PARTICIPATED IN THE ORGANIZATION'S SUPPLEMENTAL 457(F) NONQUALIFIED RETIREMENT PLAN. THE AMOUNTS INCLUDED FOR 2017 WERE $24,046, $8,496, AND $5,552, RESPECTIVELY. ORGANIZATION'S MISSION (CONTINUED) FORM 990, PART III, LINE I EDUCATE 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. 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. 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. Friedman Residence LLC 729 Seventh Avenue Floor 10 New york NY 10019 454730907 Housing NY 2168980 18881265 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 0 0 AFHDC The Actors' Fund of America 729 Seventh Avenue New York NY 10019 131635251 Human Service NY 501(C)(3) 07 NA false false false true false true false false false false false false false false true true false false false false