722 Henry Street Apartments Hdfc

“The board contracted concord management of ny to manage the rental property through a management contract agreement. The management company reports to the board on a monthly basis.”

“The draft form 990 is initially provided to the managing agent for review and comments. Once reviewed and comments adddressed, the draft form 990 in paper form is then provided to the board through the president for review and approval of the full-board for filing with the irs.”

“The board members are required to complete disclosure form of any financial interest on an annual basis. For any potential conflict or conflict, the board member will be recused from any discussion or decisions related to the interest.”

“The hdfc's form 990 is available at www.guidestar.org.”

“The organization's form 990 is available for public inspection at www.guidestar.org. The organization makes its governing documents, and financial statements available to the public upon written request to the managing agent, concord management of ny located at 1328 new york ave, huntington station, ny 11746.”

“The organization was organized exclusively for the purpose of owning, constructing, rehabilitating, leasing, managing, equipping, maintaining, developing, and operating a housing project for persons of low-income within the meaning of article xi of the private housing finance law. The organization is empowered to do and perform all acts necessary to accomplish the above-mentioned purpose, including but not limited to obtaining a loan pursuant to article viii or article xi of the private housing finance law.”

“Form 990, part xii, line 2b - reason for not undergoing audit financial statements audit for fy 2024 are still in progress.”

“There was no change from prior year.”