2022-09-27T12:25:27-05:00 2021-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-01-01 800522071 ACTORS FUND HOUSING DEVELOPMENT CORPORATION ACTO 2122217300 729 SEVENTH AVENUE 10TH FL NEW YORK NY 10019 KAREN WANG TREASURER 2122217300 2022-09-27 1 KAREN WANG XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JOSEPH BENINCASA 729 SEVENTH AVENUE 10TH FL NEW YORK NY 10019 2696190 0 X ACTORSFUND.ORG/HOUSING-DEVELOPMENT-CORPORATION X 2009 NY TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS & ENTERTAINMENT COMMUNITY. 15 10 0 0 0 0 852963 1079055 2832297 1617095 442 40 0 0 3685702 2696190 0 0 0 0 140774 143506 0 0 0 3090491 3263784 3231265 3407290 454437 -711100 17219910 17340144 20258126 21089460 -3038216 -3749316 X TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS COMMUNITY THAT IMPROVES LIVES, FOSTERS ECONOMIC DEVELOPMENT AND REVITALIZES COMMUNITIES. (CONTINUED IN SCHEDULE O).AFHDC EDUCATES 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 THE PERFORMING ARTS AND ENTERTAINMENT COMMUNITY. 0 0 3212030 1576769 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 ARE PROVIDED, INCLUDING INFORMATION AND REFERRAL TO COMMUNITY RESOURCES, ENTITLEMENT PROGRAM ADVOCACY, COORDINATION OF HOME CARE AND MEDICAL SERVICES, OUTREACH, HEALTH EDUCATION, SUPPORT GROUPS. FOR MORE INFORMATION, PLEASE VISIT - HTTPS://ACTORSFUND.ORG/SERVICES-AND-PROGRAMS/DOROTHY-ROSS-FRIEDMAN-RESIDENCE. 172860 40300 A SUBSIDIARY OF THE ACTORS FUND, AFHDC WAS CREATED TO DEVELOP NEW AFFORDABLE HOUSING FOR THE PERFORMING ARTS AND ENTERTAINMENT COMMUNITY. OUR HOUSING PORTFOLIO CONSISTS OF 558 UNITS SPANNING FOUR MAJOR DEVELOPMENTS, ALL OF WHICH ARE CONNECTED TO SUPPORTIVE SERVICES. 77 26 THE PALM VIEW, LOCATED AT 980 NORTH PALM, IS A 40-UNIT APARTMENT COMPLEX THAT PROVIDES HOMES TO LOW-INCOME PEOPLE WITH DISABILITIES OR WHO ARE LIVING WITH HIV/AIDS IN WEST HOLLYWOOD, CALIFORNIA. FOR MORE INFORMATION, PLEASE VISIT - HTTPS://ACTORSFUND.ORG/SERVICES-AND-PROGRAMS/PALM-VIEW. 3384967 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 10 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA NJ NY X X KAREN WANG 2122217300 729 SEVENTH AVENUE 10TH FL NEW YORK NY 10019 JOSEPH BENINCASA PRESIDENT 10.00 40.00 X X 0 565809 209000 BARBARA DAVIS SECRETARY 10.00 40.00 X X 0 365042 90043 CONNIE YOO TREASURER (THRU 08/2021) 10.00 40.00 X X 0 308435 81660 KEITH MCNUTT VICE PRESIDENT 10.00 40.00 X X 0 217439 65709 KAREN WANG TREASURER (AS OF 08/2021) 10.00 35.00 X X 0 135212 40022 DANIEL ARNOW - VICE PRESIDENT & EXECUTIVE DIRECTOR (AS OF 08/2021) 10.00 35.00 X X 0 115655 9692 ROBERT WANKEL CHAIRMAN 1.00 1.00 X X 0 0 0 ABBY HAMLIN DIRECTOR 1.00 0.00 X 0 0 0 ROCCO LANDESMAN DIRECTOR 1.00 0.00 X 0 0 0 STEWART LANE DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY MARCHETTA DIRECTOR 1.00 0.00 X 0 0 0 WENDY ROWDEN DIRECTOR 1.00 0.00 X 0 0 0 DAVID STEINER DIRECTOR (THRU 08/2021) 1.00 0.00 X 0 0 0 DAVID WALSH DIRECTOR 1.00 0.00 X 0 0 0 STEVE WEISS DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH WENDER DIRECTOR (AS OF 11/2021) 1.00 1.00 X 0 0 0 DAVID WHITE DIRECTOR 1.00 1.00 X 0 0 0 0 1707592 496126 0 0 1 0 BREAKING GROUND MANAGEMENT 505 8TH AVENUE NEW YORK NY 10018 MANAGEMENT 872532 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON ST CONSHOHOCKEN PA 19428 SECURITY 373807 2 932852 145975 228 1079055 TENANT RENTAL REVENUE 900099 1576769 1576769 FEE FOR SERVICE INCOME 900099 40326 40326 1617095 40 40 2696190 1617095 0 40 130532 130532 8291 8291 431 431 4252 4252 875220 875220 41854 41854 21801 21801 3777 3777 218770 218248 522 24378 24378 689416 689416 5603 5603 1075 1075 42278 42278 772440 772440 175140 175140 SECURITY 373891 373891 BAD DEBT EXPENSE 18141 18141 3407290 3384967 22323 0 515697 1365484 103786 103838 130338 115011 58987 60761 22696036 7000986 16411102 15695050 17219910 17340144 226329 163481 38638 39078 19730463 19667962 262696 1218939 20258126 21089460 X -3038216 -3749316 -3038216 -3749316 17219910 17340144 -711100 0 X 0 1 X 1 1 1 X 766787 821746 776964 852963 1079055 4297515 766787 821746 776964 852963 1079055 4297515 4297515 1012 2011 448858 442 40 452363 4749878 9827593 0.90480 0.89800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3407290 3407290 320365 80091 0 0 306524 327046 311563 320365 1265498 1898247 76631 81762 77891 80091 316375 474563 PART II-A: THE ACTORS FUND HOUSING DEVELOPEMENT CORPORATION DID NOT ENGAGE IN ANY LOBBYING ACTIVITIES IN CALENDAR YEAR 2021. 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. 3500080 3500080 18152217 6464759 11687458 931505 475611 455894 112234 60616 51618 15695050 INTERCOMPANY PAYABLES 1070853 OTHER LIABILITIES 148086 1218939 X PART X, LINE 2: THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION DOES NOT RECEIVE ITS OWN STANDALONE FINANCIAL STATEMENTS; ITS FINANCIAL OPERATIONS ARE REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF ITS RELATED ENTITY, THE ACTOR'S FUND OF AMERICA. THE BELOW FIN-48 FOOTNOTE IS REPORTED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. UNDER THE ASC 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. 0 1 0 0 0 0 0 JOSEPH BENINCASA PRESIDENT 0 432394 0 30000 0 103415 0 178181 0 30819 0 774809 0 0 BARBARA DAVIS SECRETARY 0 324709 0 16000 0 24333 0 57852 0 32191 0 455085 0 0 CONNIE YOO TREASURER (THRU 08/2021) 0 267788 0 9000 0 31647 0 46669 0 34991 0 390095 0 0 KEITH MCNUTT VICE PRESIDENT 0 194937 0 0 0 22502 0 30692 0 35017 0 283148 0 0 KAREN WANG TREASURER (AS OF 08/2021) 0 127943 0 0 0 7269 0 10769 0 29253 0 175234 0 0 PART I, LINE 3 ACTORS FUND HOUSING DEVELOPMENT CORPORATION ("AFHDC") DOES NOT COMPENSATE ANY OF THE INDIVIDUALS REPORTED IN SCHEDULE J OF THE FORM 990; COMPENSATION REPORTED IN THAT SCHEDULE IS PAID BY ITS PARENT ORGANIZATION, THE ACTORS' FUND OF AMERICA ("AFA"). SINCE AFHDC DOES NOT PROVIDE ANY COMPENSATION, SCHEDULE J, PART I, QUESTION 3 IS LEFT BLANK. FOR MORE INFORMATION ABOUT THE PROCEDURES EMPLOYED TO DETERMINE THE COMPENSATION OF THE INDIVIDUALS REPORTED ON THE AFHDC FORM 990, PLEASE REFER TO SCHEDULE J OF THE AFA FORM 990. PART I, LINE 4B FOR THE YEAR ENDING DECEMBER 31, 2021, JOSEPH BENINCASA - PRESIDENT & CEO, BARBARA DAVIS - CHIEF OPERATING OFFICER, AND CONNIE YOO - CHIEF FINANCIAL OFFICER PARTICIPATED IN THE RELATED ORGANIZATION'S SUPPLEMENTAL 457(F)NONQUALIFIED RETIREMENT PLAN. SECTION 457(F) DEFERRALS FOR THESE INDIVIDUALS WERE $136,377, $15,915, AND $5,423 RESPECTIVELY AND ARE REPORTED IN SCHEDULE J, PART II, COLUMN (C). GENERAL STATEMENT REGARDING IMPACT OF COVID-19: IN MARCH 2020, THE WORLD HEALTH ORGANIZATION DECLARED COVID-19, THE DISEASE CAUSED BY THE NOVEL CORONAVIRUS, A PANDEMIC, WHICH STARTED TO AND CONTINUES TO SPREAD THROUGHOUT THE UNITED STATES. AS A RESULT OF THE COVID-19 PANDEMIC, BROADWAY, AND FILM AND TELEVISION, THEATER, CONCERTS, DANCE, MUSIC AND MANY OTHER AREAS OF ENTERTAINMENT WERE SHUTDOWN. THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION HAS PARTNERED WITH OTHER ENTERTAINMENT INDUSTRY ORGANIZATIONS TO PROVIDE EMERGENCY FINANCIAL ASSISTANCE GRANTS TO THOSE IN IMMEDIATE FINANCIAL NEED. ADDITIONALLY, IN RESPONSE TO THE PANDEMIC, THE ACTORS FUND INCURRED ADDITIONAL COSTS FOR TESTING, PERSONAL PROTECTIVE EQUIPMENT, AND OTHER OPERATING COSTS ASSOCIATED WITH ENSURING EMPLOYEE AND RESIDENT SAFETY WHILE OPERATING DURING THE PANDEMIC. ON AUGUST 13, 2020, THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION WAS GRANTED A PPP LOAN IN THE AGGREGATE AMOUNT OF $145,975, PURSUANT TO THE SMALL BUSINESS ADMINISTRATION PAYCHECK PROTECTION PROGRAM (THE "SBA PPP") UNDER DIVISION A, TITLE I OF THE CARES ACT, WHICH BEARED INTEREST AT A RATE OF 1% PER ANNUM. THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION USED THE ENTIRE LOAN AMOUNT FOR QUALIFYING EXPENSES. DURING THE YEAR ENDED DECEMBER 31, 2021, THE LOAN WAS FORGIVEN IN FULL AND RECOGNIZED AS REVENUE. FORM 990, PART VI, SECTION A, 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. FORM 990, PART VI, SECTION A, LINE 4 ACTORS FUND HOUSING DEVELOPMENT FUND CORPORATION AMENDED ITS ARTICLES OF INCORPORATION IN CALENDAR YEAR 2021 TO BRING ITS ORGANIZING DOCUMENTS IN ALIGNMENT WITH CALIFORNIA PROPERTY TAX LAW THAT REQUIRES ON-GOING PROJECTS WITHIN THE STATE TO CONTAIN BOTH AN IRREVOCABLE DEDICATION AND DISSOLUTION CLAUSE. FORM 990, PART VI, SECTION B, LINE 11B 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. 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. 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 2457435 16468620 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 15000 0 AFHDC ACTORS FUND 980 NORTH PALM LLC 5757 WILSHIRE BLVD SUITE 400 LOS ANGLES CA 90036 831186000 HOUSING CA 0 0 AFHDC ACTORS-HAC LLC 5757 WILSHIRE BLVD SUITE 400 LOS ANGLES CA 90036 800522071 HOUSING CA 0 0 AFHDC THE ACTORS' FUND OF AMERICA 729 SEVENTH AVENUE NEW YORK NY 10019 131635251 SOCIAL SERVICES NY 501(C)(3) LINE 7 N/A 0 980 NORTH PALM LP 5757 WILSHIRE BLVD STE 400 LOS ANGELES CA 90036 320572911 HOUSING CA N/A RELATED 26 699 0 1 0.00010 THE HOLLYWOOD ARTS COLLECTIVE LP 11811 SAN VICENTE BLVD LOS ANGELES CA 90049 821599716 HOUSING CA N/A RELATED 1411 0 1 0.00010 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THE ACTORS' FUND OF AMERICA C 932852 FMV