Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
990 • Fiscal year 2019 • EIN 11-2614312
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
100th percentile
Higher net margin than 100% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
79th percentile
Faster asset growth than 79% of similar nonprofits.
Revenue Growth
62nd percentile
Faster revenue growth than 62% of similar nonprofits.
Assets
Up$2,357,343
Up $374,843 (+19%) from 2018
Net Assets
Up$590,324
Up $581,365 (+6489%) from 2018
Liabilities
Down$1,767,019
Down $206,522 (-10%) from 2018
Revenue
Up$581,365
Up $50,815 (+9.6%) from 2018
Expenses
Flat$0
Flat from 2018
Net Income
Up$581,365
Up $50,815 (+9.6%) from 2018
The company provides housing for the elderly and handicapped. Hud project number 012 eh 288 is an 80-unit apartment facility, located in farmingdale, new york. The project is operated under section 202 of the national housing act and is regulated by u.s. Department of housing and urban development (hud) with respect to rental charges and operating methods.the project also is subject to section 8 housing assistance payments (hap) agreements with hud, and a significant portion of the project's rental income is received from hud.
The company provides housing for low income, elderly and handicapped individuals who are able to live independently on a not-for-profit basis. Rents paid by the tenants are subsidized by the us department of h.u.d through section 8 rent assistance payments. The project (building) was financed with a mortgage from h.u.d.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,044,921 | $1,049,946 | ▲ $5,025 |
| Prepaid Expenses and Deferred Charges | $23,474 | $27,233 | ▲ $3,759 |
| Savings and Temporary Cash Investments | $24,990 | $25,252 | ▲ $262 |
| Cash and Non-Interest-Bearing Accounts | $29,868 | $23,394 | ▼ $6,474 |
| Accounts Receivable | $2,680 | $6,232 | ▲ $3,552 |
| Total Assets | $1,982,500 | $2,357,343 | ▲ $374,843 |
| Other Assets Total | $856,567 | $1,225,286 | ▲ $368,719 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $1,878,154 | $1,684,373 | ▼ $193,781 |
| Accounts Payable and Accrued Expenses | $65,723 | $52,846 | ▼ $12,877 |
| Other Liabilities | $29,664 | $29,800 | ▲ $136 |
| Total Liabilities | $1,973,541 | $1,767,019 | ▼ $206,522 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $8,959 | $590,324 | ▲ $581,365 |
| Total Net Assets Fund Balance | $8,959 | $590,324 | ▲ $581,365 |
| Total Liabilities and Net Assets / Fund Balance | $1,982,500 | $2,357,343 | ▲ $374,843 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $537,540 | $3,534,594 | - |
| Other Land Buildings | $560 | $2,098 | - |
| Land | $439,800 | - | - |
| Equipment | $72,046 | $175,642 | - |
| Other Assets Org | $91,387 | - | - |
| Name | Title |
|---|---|
| Stephen Kressel Esquire | Treasurer/acting President |
| Anita Godfrey | Board Member |
| Dr Andrew Manzo | Board Member |
| Edward Morrison | Board Member |
| Gail Jeby-levy | Board Member |
| Joseph Carosella | Board Member |
| Lynn Connolly | Board Member |
| Mr Danny Gastelua | Board Member |
| Rabbi Moshe Weisblum | Board Member |
| Reverend Bruce Powers | Board Member |
| Reverend Joseph Ewoodsie | Board Member |
| Reverend Robert Weber | Board Member |
| Tom Sattler | Board Member |
| Katherine Mc Donald | Secretary |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $0 |
| Other Expenses | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Amount |
|---|---|
| Expenses Not Reported on Form 990 | $718,982 |
| Total Expenses per Audited Statements | $718,982 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses per Audited Statements | $0 |
| Total Expenses per Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Security Deposits Payable | $29,800 |
“Stanan managment manages all operations of the project, processes all financial transactions, and ensures the project is in compliance with hud and all other rules and regulations.”
“The board of directors meets with management on a quarterly basis to discuss project finances and overall operations. These meetings are formally documented.”
“A copy of the form 990 is provided to all members of the board of directors as well as management for review prior to its submission. The form is thoroughly reviewed by each member and any questions are immediately addressed.”
“The farmingdale housing development fund company, inc. Makes all documents available to the public upon written request.”
“The farmingdale housing development fund company, inc., a not-for-profit organization operating under section 501(c)(3) of the internal revenue code, is generally exempt from federal, state and local income taxes. Accordingly, no provision for income taxes is included in the financial statements. The farmingdale housing development fund company, inc. Accounts for the effect of any uncertain tax positions based on a more likely than not threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized benefit is estimated based on a cumulative probability assessment that aggregates the estimated tax liability for all uncertain tax positions. Interest and penalties assessed, if any, are accrued as income tax expense. The farmingdale housing development fund company, inc. Has identified its tax status as a tax exempt entity as a tax position; however, the farmingdale housing development fund company, inc. Has determined that such tax position does not result in an uncertainty requiring recognition.”
“Rental expenses netted against rental income on form 990, part i, line 11”
“Rental expenses netted against rental income on form 990, part i, line 11”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 65723 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 52846 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 2680 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 6232 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE COMPANY PROVIDES HOUSING FOR LOW INCOME, ELDERLY AND HANDICAPPED INDIVIDUALS WHO ARE ABLE TO LIVE INDEPENDENTLY ON A NOT-FOR-PROFIT BASIS. RENTS PAID BY THE TENANTS ARE SUBSIDIZED BY THE US DEPARTMENT OF H.U.D THROUGH SECTION 8 RENT ASSISTANCE PAYMENTS. THE PROJECT (BUILDING) WAS FINANCED WITH A MORTGAGE FROM H.U.D. |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | STANAN MANAGEMENT CORP |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5164861000 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 33 FRONT STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | HEMPSTEAD |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11550 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 29868 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 23394 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 18848 |
| IRS990/CYOtherExpensesAmt | 0 | 0 |
| IRS990/CYOtherRevenueAmt | 0 | 562517 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 581365 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 0 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 581365 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/Desc | 0 | LOW INCOME HOUSING PROGRAM |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | STEPHEN KRESSEL ESQUIRE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | ANITA GODFREY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | REVEREND ROBERT WEBER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DR ANDREW MANZO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | REVEREND BRUCE POWERS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | RABBI MOSHE WEISBLUM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | REVEREND JOSEPH EWOODSIE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | TOM SATTLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | KATHERINE MC DONALD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | JOSEPH CAROSELLA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | EDWARD MORRISON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | LYNN CONNOLLY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | GAIL JEBY-LEVY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | MR DANNY GASTELUA |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | TREASURER/ACTING PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | BOARD MEMBER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1983 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 14 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1300347 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 1281499 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 14 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 18848 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 18848 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 3712334 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 1044921 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1049946 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 4762280 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 718982 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE COMPANY PROVIDES HOUSING FOR THE ELDERLY AND HANDICAPPED. HUD PROJECT NUMBER 012 EH 288 IS AN 80-UNIT APARTMENT FACILITY, LOCATED IN FARMINGDALE, NEW YORK. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND IS REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.THE PROJECT ALSO IS SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS (HAP) AGREEMENTS WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 1878154 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 1684373 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 8959 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 590324 |
| IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | 562517 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 562517 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 856567 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1225286 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 29664 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 29800 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 23474 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 27233 |
| IRS990/PrincipalOfficerNm | 0 | STEPHEN KRESSEL |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 7540 |
| IRS990/PYOtherExpensesAmt | 0 | 0 |
| IRS990/PYOtherRevenueAmt | 0 | 523010 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 530550 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 0 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 530550 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 581365 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 562517 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 24990 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 25252 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 18848 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 7540 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1588 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 808 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 739 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 29523 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 1281499 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 1270712 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 1227581 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 922634 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 917635 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 5620061 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 18848 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 7540 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 1588 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 808 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 739 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 29523 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00520 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00220 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.99480 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.99780 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 5620061 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 1281499 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 1270712 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1227581 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 922634 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 917635 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 5620061 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 1300347 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 1278252 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 1229169 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 923442 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 918374 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 5649584 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 537540 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 3534594 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 4072134 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 72046 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 175642 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 247688 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 718982 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 0 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 439800 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 439800 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 29800 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 1103749 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 350 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 91387 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | TENANT SECURITY DEPOSITS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | RESTRICTED RESERVES (INCLUDES CASH AND 91-DAY T-BILL) |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | REFUNDABLE DEPOSITS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | PAINTING AND INSURANCE RESERVES |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 718982 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 560 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 2098 |
| IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 2658 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 29800 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | SECURITY DEPOSITS PAYABLE |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 718982 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 718982 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 581365 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC., A NOT-FOR-PROFIT ORGANIZATION OPERATING UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS GENERALLY EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC. ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC. HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS A TAX POSITION; HOWEVER, THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC. HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | RENTAL EXPENSES NETTED AGAINST RENTAL INCOME ON FORM 990, PART I, LINE 11 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | RENTAL EXPENSES NETTED AGAINST RENTAL INCOME ON FORM 990, PART I, LINE 11 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1049946 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 1225286 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 0 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 29800 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 581365 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1300347 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 718982 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | STANAN MANAGMENT MANAGES ALL OPERATIONS OF THE PROJECT, PROCESSES ALL FINANCIAL TRANSACTIONS, AND ENSURES THE PROJECT IS IN COMPLIANCE WITH HUD AND ALL OTHER RULES AND REGULATIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE BOARD OF DIRECTORS MEETS WITH MANAGEMENT ON A QUARTERLY BASIS TO DISCUSS PROJECT FINANCES AND OVERALL OPERATIONS. THESE MEETINGS ARE FORMALLY DOCUMENTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | A COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AS WELL AS MANAGEMENT FOR REVIEW PRIOR TO ITS SUBMISSION. THE FORM IS THOROUGHLY REVIEWED BY EACH MEMBER AND ANY QUESTIONS ARE IMMEDIATELY ADDRESSED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE FARMINGDALE HOUSING DEVELOPMENT FUND COMPANY, INC. MAKES ALL DOCUMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 1982500 |
| IRS990/TotalAssetsEOYAmt | 0 | 2357343 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1982500 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 2357343 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 0 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 1973541 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1767019 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 1973541 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1767019 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 8959 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 590324 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 18848 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 562517 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 581365 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1982500 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 2357343 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 8959 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 590324 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 14 BELLAIRE ROAD |
| IRS990/USAddress/CityNm | 0 | MASSAPEQUA |
| IRS990/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/USAddress/ZIPCd | 0 | 11758 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 14 |
| IRS990/VotingMembersIndependentCnt | 0 | 14 |
No mirrored PDF or thumbnail assets are attached yet.
Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.