2012-11-21T14:04:12-06:00 2011-12-31 WithumSmithBrown PC 1 SPRING STREET NEW BRUNSWICK NJ 08901 990 2011-01-01 133608906 PROMESA HOUSING DEVELOPMENT FUND CORPORATION INC % CFO PROMESA SYSTEMS INC PROM 7182991100 311 EAST 175TH STREET BRONX NY 10457 RAUL RUSSI 2012-10-31 true Joseph Perez 7328281614 2011 2016-02-24 21:20:13Z RAUL RUSSI 1776 CLAY AVENUE BRONX NY 10457 2555546 false X WWW.PROMESA.ORG X 1990 NY TO COMBAT COMMUNITY DETERIORATION AND LESSEN NEIGHBORHOOD TENSIONS THROUGH THE RESIDENTIAL REVITALIZATION OF THE BRONX AND ADJACENT AREAS OF BRONX COUNTY. 5 5 0 5 0 0 0 2430777 2554829 806 717 0 0 2431583 2555546 0 0 0 0 237297 225407 0 0 0 2325303 2599880 2562600 2825287 -131017 -269741 8173049 9323821 6335465 7755978 1837584 1567843 TO COMBAT COMMUNITY DETERIORATION AND LESSEN NEIGHBORHOOD TENSIONS THROUGH THE RESIDENTIAL REVITALIZATION OF THE BRONX AND ADJACENT AREAS OF BRONX COUNTY. false false 2462003 2554829 THE ENTITY WAS FOUNDED TO COMBAT COMMUNITY DETERIORATION AND LESSEN NEIGHBORHOOD TENSIONS THROUGH THE RESIDENTIAL REVITALIZATION OF BRONX COUNTY, NEW YORK 2462003 true false false true false false false false false true false false true true true false true false false false false false false false false false false false true false false false false false false false true false false false false false true false false false false true 0 0 true 0 false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true true true false NY X X CFO PROMESA SYSTEMS INC 7182991100 1776 CLAY AVE BRONX NY 10457 X SHAHABUDDEEN A ALLY 1.0 X 0 0 0 EDUARDO ALAYON 1.0 X X 0 0 0 MILAGROS BAEZ O'TOOLE 1.0 X X 0 0 0 Pedro Falcon 1.0 X X 0 0 0 Andrew Gonzalez 1.0 X 0 0 0 TOMAS DEL RIO 2.0 X 16956 225277 26290 PAMELA MATTEL 2.0 X 10320 231356 12926 RAUL RUSSI 2.0 X 18906 409797 23610 Hon Hector L Diaz 2.0 X 7442 178620 416 Ralph Declet 30.0 X 164927 29105 8861 ADRIENE ROSELL 0.0 X 0 193133 23167 DR SAROJ BAKSHI 0.0 X 0 191535 14381 NWOKEJI KINGSLEY 0.0 X 0 175914 0 ROBERTO VELEZ 1.0 X 6856 164548 18263 225407 1799285 127914 1 false true false Schmuger Hardware Supply 3399 Third Avenue BRONX NY 10456 Hardware supplies 133649 1 0 RENTAL INCOME 532000 1588251 1588251 COMMERCIAL RENT 532000 87126 87126 OTHER 532000 96165 96165 CONSULTING FEES 532000 502442 502442 ENFORCEMENT MORTGAGE FORGIVENESS 900099 280845 280845 2554829 717 717 0 0 0 0 0 0 0 2555546 2554829 717 0 0 0 0 53624 53624 0 171783 171783 0 0 0 0 52711 52711 31250 31250 4680 4680 0 0 123304 123304 3821 3821 25157 25157 0 0 919372 919372 0 0 0 45090 45090 0 256946 256946 72392 72392 MISCELLANEOUS 112152 112152 CONTRACTUAL EXPENSES 830644 830644 BAD DEBTS 122361 122361 2825287 2462003 363284 0 1056119 1459761 0 0 0 0 123818 131307 0 0 0 0 0 0 0 0 37632 42280 9755256 3984330 5953844 5770926 0 0 0 0 0 0 0 11327 1001636 1908220 8173049 9323821 272912 578553 0 0 25130 12747 0 0 0 0 0 0 4525315 4244467 0 0 1512108 2920211 6335465 7755978 X 1837584 1567843 0 0 0 0 1837584 1567843 8173049 9323821 -269741 X false true true X false X 2335369 2353299 2467586 2430778 2554829 12141861 2335369 2353299 2467586 2430778 2554829 12141861 12141861 3146 3338 2364 805 717 10370 3146 3338 2364 805 717 10370 2338515 2356637 2469950 2431583 2555546 12152231 0.99915 0.99915 0.00085 0.00085 X false false false false false false false false true 4680 4680 false false PART II-B, LINE1(I), OTHER LOBBYING ACTIVITIES PROMESA CONTRACTS WITH VARIOUS THIRD PARTY LOBBYING CONSULTANTS TO DEVELOP AND IMPLEMENT A COMPREHENSIVE STRATEGY ON ISSUES RELATED TO PROMESA AND OBTAIN SUPPORT FOR SUCH ISSUES FROM KEY STATE LEGISLATORS. 7 7 8987054 3846735 5140319 227737 28251 199486 156098 109344 46754 384360 384360 5770926 TENANT SECURITY DEPOSITS 61747 UTILITY DEPOSIT 1800 DUE FROM AFFILIATES 1844673 1908220 0 RENT SECURITY PAYABLE 61747 DUE TO HPD 100373 DUE TO AFFILIATES 1383091 LINE OF CREDIT 1375000 2920211 FIN 48 FOOTNOTE 990, Schedule D, Part X, Line 2 PHDFC is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and New York taxation codes. Accordingly, no provision for income taxes has been reflected. PHDFC follows generally accepted accounting principles related to uncertain tax positions which require tax effects from an uncertain tax position to be recognized only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. If an uncertain tax position meets the more-likely-than-not threshold, the largest amount of tax benefit that is greater than 50 percent likely to be recognized upon ultimate settlement with the taxing authority is recorded. PHDFC's primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. Management has evaluated the tax positions reflected in PHDFC's tax filings and does not believe that any material uncertain tax positions exist. PHDFC did not record any tax related interest or penalties during the years in question. PHDFC files forms 990 in the U.S. federal jurisdiction and CHAR 500 in the State of New York jurisdiction. PHDFC is generally no longer subject to examination by the Internal Revenue Service for years before 2008. X X X false false false false false false false true false TOMAS DEL RIO 14815 196829 1400 18600 741 9848 975 12946 866 11503 18797 249726 0 0 PAMELA MATTEL 9133 204743 854 19146 333 7467 514 11518 38 856 10872 243730 0 0 Ralph Declet 152873 26978 4250 750 7804 1377 7532 1329 0 0 172459 30434 0 0 RAUL RUSSI 16304 353399 2205 47795 397 8603 1041 22569 0 0 19947 432366 0 0 ADRIENE ROSELL 0 192816 0 0 0 317 0 7616 0 15551 0 216300 0 0 DR SAROJ BAKSHI 0 187185 0 0 0 4350 0 9165 0 5216 0 205916 0 0 NWOKEJI KINGSLEY 0 175500 0 0 0 414 0 0 0 0 0 175914 0 0 Hon Hector L Diaz 6397 153534 640 15360 405 9726 0 0 17 399 7459 179019 0 0 ROBERTO VELEZ 6445 154689 400 9600 11 259 0 0 731 17532 7587 182080 0 0 schedule j, line 7 bonuses were provided to some officers and key employees. these bonus percentages are approved by the board of directors as part of the overall compensation package on an annual basis. RC Consulting LLC EX CEO & CHAIRPERSON 12000 INDEPENDENT false 990 APPROVAL PROCESS PART VI, SECTION B, LINE 11B THE ORGANIZATION DISTRIBUTES THE 990 AT THE BOARD OF DIRECTORS MEETING. THE BOARD VOTES TO APPROVE THE 990. POLICIES PART VI, SECTION B, LINE 12C Annual signed statements are provided that affirms that the interested parties are in compliance with the conflict of interest policy. DISCLOSURE PART VI, SECTION C, LINE 19 The governing documents, conflict of interest policy and financial statements are available to the public upon request. EXECUTIVE COMPENSATION PART VI, SECTION B, LINE 15B THE ORGANIZATION PERIODICALLY ENGAGES AN INDEPENDENT AND QUALIFIED COMPENSATION CONSULTANT TO COMPILE AND ANALYZE DETAILED DATA ABOUT THE TYPES AND LEVELS OF COMPENSATION PACKAGES PROVIDED BY ORGANIZATIONS IN PROMESA'S PEER GROUP TO INDIVIDUALS IN POSITIONS SIMILIAR TO THE OFFICERS OF PROMESA. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:TOMAS DEL RIO TITLE:CFO HOURS:33 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:PAMELA MATTEL TITLE:COO HOURS:33 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:RAUL RUSSI TITLE:CEO HOURS:33 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Hon. Hector L. Diaz TITLE:President HOURS:33 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Ralph Declet TITLE:VP of Development HOURS:5 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ADRIENE ROSELL TITLE:ADMINISTRATOR HOURS:35 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:DR. SAROJ BAKSHI TITLE:MEDICAL DIRECTOR HOURS:35 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:NWOKEJI KINGSLEY TITLE:PYSCHIATRIST HOURS:35 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ROBERTO VELEZ TITLE:VP of Compliance HOURS:34 PROMESA INC 311 EAST 175TH STREET BRONX NY 10457 132663328 HEALTH SERV NY 501(c)(3) 9 Acacia false PROMESA FOUNDATION INC 311 EAST 175TH STREET BRONX NY 10457 133411787 Development NY 501(c)(3) 11c Acacia false PROMESA ADMINISTRATIVE SERVICES ORG INC 311 EAST 175TH STREET BRONX NY 10457 133653276 Management NY 501(c)(3) 11a Acacia false PROMESA RESIDENTIAL HEALTHCARE FACILITY 308 EAST 175TH STREET BRONX NY 10457 133676681 HEALTHCARE NY 501(c)(3) 4 Acacia false Acacia Network Inc 300 EAST 175TH STREET BRONX NY 10457 134014082 ADMIN NY 501(c)(3) 11a NA false CORPORATION FOR YOUTH ENERGY CORPS 300 EAST 175th STREET BRONX NY 10457 133072640 YOUTH PROGRAM NY 501(c)(3) 7 Acacia false EAST HARLEM COUNCIL FOR COMMUNITY IMPROV 413 EAST 120TH STREET NEW YORK NY 10035 132969933 HOUSING NY 501(c)(3) 7 Acacia false BRONX ADDICTION SERVICES INTEGRATED SYS 1064 FRANKLIN AVENUE BRONX NY 10456 133244626 REHAB NY 501(c)(3) 7 Acacia false BASICS HOUSING Inc 1064 FRANKLIN AVENUE BRONX NY 10456 260076866 HOUSING NY 501(c)(3) 7 Acacia false GENERAL DEVELOPMENT AND ORIENTATION 717 SOUTHERN BLVD BRONX NY 10455 133333051 HOUSING NY 501(c)(3) 7 Acacia false 1068 FRANKLIN AVENUE HOUSING DEVELOPMENT 1776 CLAY AVENUE BRONX NY 10457 132663328 HOUSING NY 501(c)(3) 7 Acacia false THE JULIO MARTINEZ MEMORIAL FUND 1064 FRANKLIN AVENUE BRONX NY 10456 810623501 Development NY 501(c)(3) 7 Acacia false PROMESA HOMEFIRST Housing Development 1776 CLAY AVE BRONX NY 10457 322217515 HOUSING NY 501(c)(3) 7 Acacia false La Rama Inc 300 East 175th Street Bronx NY 10457 454797184 Housing NY 502(c)(3) Applied For Acacia false Capital District Latinos Inc 1776 Clay Avenue Bronx NY 10574 453647494 Housing NY 501(c)(3) Applied For Acacia false URBAN RENAISSANCE COLLABORATION LP 1776 CLAY AVE BRONX NY 10457 113665575 HOUSING NY Acacia PROMESA APARTMENTS LP 1776 CLAY AVE BRONX NY 10457 208678386 HOUSING NY Acacia PROMESA COURT LIMITED PARTNERSHIP 1776 CLAY AVE BRONX NY 10457 263478423 HOUSING NY Acacia PROMESA COMMUNITY APARTMENTS INC 1776 CLAY AVE BRONX NY 10457 208678278 HOUSING NY Acacia C CORP URBAN RENAISSANCE COLLABORATION INC 1776 CLAY AVE BRONX NY 10457 061669310 HOUSING NY Acacia C CORP PROMESA COURT HOUSES INC 1776 CLAY AVE BRONX NY 10457 263478373 HOUSING NY Acacia C CORP 245 EAST MOSHOLU PARKWAY HDFC 1776 CLAY AVE BRONX NY 10457 264685755 HOUSING NY Acacia C CORP PROMESA ENTERPRISES LTD 300 EAST 175th STREET BRONX NY 10457 133819522 HOUSING NY Acacia C CORP false false false false false false false false true false false false false false true true false false