80-92 RIDGE STREET HOUSING DEVELOPMENT FUND COMPANY INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
80-92 RIDGE STREET HOUSING DEVELOPMENT FUND COMPANY INC (EIN 13-3584060)
Tax period
2012-07-01 to 2013-06-30
Filed
2014-05-06
IRS object ID
201401269349300220
Schema version
2012v2.1
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)
Timestamp2014-05-06T08:36:13-05:00Timestamp
Tax Period End Date2013-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN271728945EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1O'CONNOR DAVIES LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1665 FIFTH AVENUEAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10022ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN133584060EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line180-92 RIDGE STREET HOUSING DEVELOPMENTBusinessNameLine1
Business Name Line2FUND COMPANY INCBusinessNameLine2
FieldValueIRS element (for citing)
Name Control80-9NameControl
Phone2129627653Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 PARK PLACE NO 1416AddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10007ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameLINDA HOFFMANName
TitleCEOTitle
Phone2129627653Phone
Date Signed2014-04-23DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameGARRETT M HIGGINSName
PTINP00543209PTIN
Phone2122862600Phone
Date Prepared2014-04-23DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonLINDA HOFFMANNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line111 PARK PLACE NO 1416AddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10007ZIPCode
FieldValueIRS element (for citing)
Gross Receipts1824848GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.NYFSC.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1989YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission DescriptionPROVIDES 100 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED AT 80 RIDGE STREET BETWEEN RIDGE AND DELANCEY STREETS IN MANHATTAN, IT OFFERS SOCIAL AND RECREATIONAL SERVICES. FORTY THREE (43) OF ITS TENANTS ARE ENRICHED HOUSING PROGRAM RESIDENTS WHO REQUIRE SPECIAL ASSISTANCE AND FOOD SERVICE.ActivityOrMissionDescription
Nbr Voting Members Governing Body4NbrVotingMembersGoverningBody
Nbr Independent Voting Members3NbrIndependentVotingMembers
Total Nbr Employees8TotalNbrEmployees
Total Nbr Volunteers3TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year1834890ProgramServiceRevenuePriorYear
Program Service Revenue CY1819107ProgramServiceRevenueCY
Investment Income Prior Year458InvestmentIncomePriorYear
Investment Income Current Year638InvestmentIncomeCurrentYear
Other Revenue Prior Year3855OtherRevenuePriorYear
Other Revenue Current Year5103OtherRevenueCurrentYear
Total Revenue Prior Year1839203TotalRevenuePriorYear
Total Revenue Current Year1824848TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year310615SalariesEtcPriorYear
Salaries Etc Current Year320566SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year1588224OtherExpensePriorYear
Other Expenses Current Year1631688OtherExpensesCurrentYear
Total Expenses Prior Year1898839TotalExpensesPriorYear
Total Expenses Current Year1952254TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-59636RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-127406RevenuesLessExpensesCY
Total Assets BOY6400605TotalAssetsBOY
Total Assets EOY6180879TotalAssetsEOY
Total Liabilities BOY8104702TotalLiabilitiesBOY
Total Liabilities EOY8012382TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY-1704097NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY-1831503NetAssetsOrFundBalancesEOY
Mission DescriptionDEVELOPING, CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR THE ELDERLY AND HANDICAPPED.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense1952254Expense
Revenue1819107Revenue
DescriptionPROVIDES 100 UNITES OF SUBSIDIZED, LOW INCOME HOUSING TO SENIOR CITIZENS.Description
Total Program Service Expense1952254TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling1CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10964NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees8NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members4NbrVotingGoverningBodyMembers
Number Independent Voting Members3NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties1DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1MARTHA BAUER CHIEF FINANCIAL OFFICERBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number2129627653TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line111 PARK PLACE SUITE 1416AddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10007ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekAverage Hours Per Week RelatedAverageHoursPerWeekRelatedIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
DEBORAH SMITH BERNSTEIN
PRESIDENT0.203.20XX000
ELIZABETH R TOZER
VICE PRESIDENT0.203.40XX0465000
JOAN FINKELSTEN
EXECUTIVE SECRETARY0.203.00XX000
ANN VAN NESS
BOARD MEMBER0.203.40X000
LINDA R HOFFMAN
CHIEF EXECUTIVE OFIICER1.0034.00X049994015703
MARTHA BAUER
CHIEF FINANCIAL OFFICER1.0034.00X022150217893
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs767942TotalReportableCompFrmRltdOrgs
Total Other Compensation33596TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

FieldValueIRS element (for citing)
Name PersonALLIED BARTON SECURITY SERVICESNamePerson

Address Of Contractor AddressOfContractor

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1PO BOX 828854AddressLine1
CityPHILADELPHIACity
StatePAState
ZIP Code19182ZIPCode
FieldValueIRS element (for citing)
Description Of ServicesSECURITY SERVICESDescriptionOfServices
Compensation111230Compensation
FieldValueIRS element (for citing)
Number Of Contractors GT100 K1NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionRENTAL INCOMEDescription
Business Code531110BusinessCode
Total Revenue Column1819107TotalRevenueColumn
Related Or Exempt Function Income1819107RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue1819107TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column638TotalRevenueColumn
Exclusion$638ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnExclusionExclusionAmount
LAUNDRY REVENUE5311104800$4,800
FORFEITED SECURITY DEP531110303$303
FieldValueIRS element (for citing)
Total Other Revenue5103TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column1824848TotalRevenueColumn
Related Or Exempt Function Income1819107RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$5,741ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total261031Total
Program Services261031ProgramServices

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total953Total
Program Services953ProgramServices

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total34026Total
Program Services34026ProgramServices

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total24556Total
Program Services24556ProgramServices

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total70982Total
Program Services70982ProgramServices

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total1046Total
Program Services1046ProgramServices

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total31967Total
Program Services31967ProgramServices

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total165414Total
Program Services165414ProgramServices

Advertising Advertising

FieldValueIRS element (for citing)
Total293Total
Program Services293ProgramServices

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total10914Total
Program Services10914ProgramServices

Occupancy Occupancy

FieldValueIRS element (for citing)
Total289124Total
Program Services289124ProgramServices

Interest Interest

FieldValueIRS element (for citing)
Total705077Total
Program Services705077ProgramServices

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total262312Total
Program Services262312ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total32199Total
Program Services32199ProgramServices

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServices
OPERATING & MAINTENANCE6173361733
BAD DEBT627627

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total1952254Total
Program Services1952254ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY214713BOY
EOY141443EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY635116BOY
EOY630573EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY1923BOY
EOY1923EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY7181BOY
EOY59966EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis9853892LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec4523808LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY5524626BOY
EOY5330084EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY17046BOY
EOY16890EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY6400605BOY
EOY6180879EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY178906BOY
EOY203077EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY16930BOY
EOY16757EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY7901197BOY
EOY7763294EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY7669BOY
EOY29254EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY8104702BOY
EOY8012382EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY-1704097BOY
EOY-1831503EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY-1704097BOY
EOY-1831503EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY6400605BOY
EOY6180879EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-127406ReconcilationRevenueExpenses
Reconcilation Other Changes0ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
Audit Committee1AuditCommittee
Federal Grant Audit Required1FederalGrantAuditRequired
Federal Grant Audit Performed1FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2XPubliclySupportedOrg509a2

Gross Receipts From Admissions GrossReceiptsFromAdmissions

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1720524CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1839499CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1837872CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1834890CurrentTaxYearMinus1Year
Current Tax Year1819107CurrentTaxYear
Total9051892Total

Total509 Total509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1720524CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1839499CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1837872CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1834890CurrentTaxYearMinus1Year
Current Tax Year1819107CurrentTaxYear
Total9051892Total

Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Amts From Subst Contributors AmtsFromSubstContributors

FieldValueIRS element (for citing)
Total0Total

Support From DQ Ps Etc SupportFromDQPsEtc

FieldValueIRS element (for citing)
Total0Total
FieldValueIRS element (for citing)
Public Support Total5099051892PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years9141CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1363CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1083CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year458CurrentTaxYearMinus1Year
Current Tax Year638CurrentTaxYear
Total12683Total

Investment Income And UBTI InvestmentIncomeAndUBTI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years9141CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1363CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1083CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year458CurrentTaxYearMinus1Year
Current Tax Year638CurrentTaxYear
Total12683Total

Other Income509 OtherIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4500CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4500CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years4732CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3855CurrentTaxYearMinus1Year
Current Tax Year5103CurrentTaxYear
Total22690Total

Total Support Total TotalSupportTotal

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1734165CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1845362CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1843687CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1839203CurrentTaxYearMinus1Year
Current Tax Year1824848CurrentTaxYear
Total9087265Total
FieldValueIRS element (for citing)
Public Support Percentage5090.99610PublicSupportPercentage509
Prior Year Support Percentage0.99220PriorYearSupportPercentage
Investment Income Percentage0.00140InvestmentIncomePercentage
Prior Yr Invest Income Percentage0.00540PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509XThirtyThreePercntTestsCY509
General ExplanationSCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY REVENUE - 2008 AMOUNT: $ 4,500. 2009 AMOUNT: $ 4,500. 2010 AMOUNT: $ 4,732. 2011 AMOUNT: $ 3,855. 2012 AMOUNT: $ 4,800. FORFEITED SECURITY DEPOSITS - 2012 AMOUNT: $ 303.GeneralExplanation

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtc
Included On FS1IncludedOnFS
Explanation In Part XIIIXExplanationInPartXIII

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis50000OtherCostOrOtherBasis
Book Value50000BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis9615096OtherCostOrOtherBasis
Depreciation4344873Depreciation
Book Value5270223BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis188796OtherCostOrOtherBasis
Depreciation178935Depreciation
Book Value9861BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings5330084TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionMANAGEMENT FEE PAYABLE TO SPONSORDescription
Amount$29,254Amount
FieldValueIRS element (for citing)
Total Of Amounts29254TotalOfAmounts
Footnote In Part XIIIXFootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt1824848TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal1824848RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9901824848TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt1952254TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal1952254ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9901952254TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
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 NECESARY REPAIRS HAVE BEEN COMPLETED TO PREPARE THE UNIT FOR AN INCOMING TENANT.
PART X, LINE 2:THE PROJECT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE PROJECT HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE PROJECT IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2010.DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

TitleTitleBase Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
LINDA R HOFFMAN
CHIEF EXECUTIVE OFIICER040080108500001413900015703051564300
MARTHA BAUER
CHIEF FINANCIAL OFFICER02065020150000002140015753023939500

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePART I, LINE 3ReturnReference
Explanation80-92 RIDGE STREET HDFC DOES NOT PROVIDE COMPENSATION TO ANY OF ITS TOP MANAGEMENT OFFICIALS. THE SALARY PAID TO THE CFO AND CEO IS PAID BY NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC., A RELATED ORGANIZATION. THE FOLLOWING IS THEIR COMPENSATION POLICY. NEW 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 JUNE 2012, 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 JUNE 2013.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

Return ReferenceReturnReferenceExplanationExplanation
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 A MAXIMUM HUD ALLOWABLE RATE OF $49 PER UNIT PER MONTH. . ON JULY 19, 2012 THE ALLOWABLE RATE WAS INCREASED TO $59.50 PER UNIT PER MONTH. THE MANAGEMENT FEES INCURRED DURING THE YEAR ENDED JUNE 30, 2013 AMOUNTED TO $70,982. MANAGEMENT FEES OUTSTANDING AT JUNE 30, 2013 WERE $29,254. 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 AS, LINDA HOFFMAN AND MARTHA BAUER ARE COMPENSATED BY THE RELATED ENTITY.
FORM 990, PART VI, SECTION B, LINE 1180-92 RIDGE STREET 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 12C80-92 RIDGE STREET 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 1980-92 RIDGE HOUSING DEVELOPMENT FUND CONPANY, INC., MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG. 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 XI, LINE 2C:80-92 RIDGE HOUSING DEVELOPMENT FUND COMPANY, 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.
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.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (12 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusDirect Controlling Entity NADirectControllingEntityNAControlled OrgControlledOrgBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
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)509(A)(1)N/A0
1850 SECOND AVENUE SERVICES CORP
11 PARK PLACE SUITE 1416NEW YORKNY10007133557175SUBSIDIZED HOUSING FOR THE LOW INCOME.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS INC
GEORGE DALY HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133535818TO PROVIDE TRANSITIONAL HOUSING FOR THE HOMELESS.NY501(C)(3)509(A)(1)0NEW YORK FOUNDATION FOR SENIOR CITIZENS INC
NEW YORK FDTN FOR SENIOR CITIZENS - HOME ATTENDANT SVCS INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133083852LONG-TERM CARE HOME ATTENDANT PROGRAM FOR THE ELDERY.NY501(C)(3)509(A)(1)0NEW YORK FOUNDATION FOR SENIOR CITIZENS INC
YORKVILLE GARDENS HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133085054SUBSIDIZED HOUSING FOR THE ELDERLY.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS INC
TENTH AND 51ST HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133270654SUBSIDIZED HOUSING FOR THE ELDERLY.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS INC
NEW YORK FOUNDATION FOR SENIOR CITIZENS INC
11 PARK PLACE SUITE 1416NEW YORKNY10007132618568IMPROVE THE QUALITY OF LIFE FOR THE ELDERLY.NY501(C)(3)509(A)(1)0NEW YORK FOUNDATION FOR SENIOR CITIZENS INC
CONCOURSE GARDENS HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133696061SUBSIDIZED HOUSING FOR THE ELDERLY.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS INC
CUMBERLAND GARDENS HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133907908SUBSIDIZED HOUSING FOR THE ELDERLY.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS INC
ALMA RANGEL GARDENS HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007134066940SUBSIDIZED HOUSING FOR THE ELDERLY.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS INC
RIVERVIEW GARDENS HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133995933SUBSIDIZED HOUSING FOR THE ELDERLY.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS INC
SURF GARDENSHDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007205437122SUBSIDIZED HOUSING FOR THE ELDERLY- UNDER CONSTRUCTION.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS INC
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org0GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Dividends Related Organization0DividendsRelatedOrganization
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs1PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees1SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

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