2021-04-06T10:05:05-05:00 2019-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2019-01-01 760709606 DIEGO BEEKMAN MUTUAL HOUSING ASSOCIATION HOUSING DEVELOPMENT FUND CORPORATION DIEG 7182929222 298 CYPRESS AVENUE BRONX NY 10454 ARLINE PARKS VICE CHAIR & CEO 7182929222 2021-04-05 1 GARRETT M HIGGINS P00543209 9143818900 2021-03-26 2019 2022-09-23 18:48:47Z X ARLINE PARKS 298 CYPRESS AVENUE BRONX NY 10454 23377506 0 X WWW.DIEGOBEEKMAN.COM X 2001 NY THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE QUALITY AFFORDABLE HOUSING FOR LOW & MODERATE INCOME FAMILIES 6 5 116 8 0 0 180428 0 20334971 20599864 122536 228962 1806681 2471358 22444616 23300184 0 0 0 0 4484954 6413678 0 0 0 14386176 14136451 18871130 20550129 3573486 2750055 47140504 50313639 32160371 32583451 14980133 17730188 THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE QUALITY AFFORDABLE HOUSING TO MODERATE INCOME FAMILIES 0 0 16593140 20599864 THE ORGANIZATION'S PURPOSE IS TO PROVIDE QUALITY AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES. THE ORGANIZATION OWNS 38 BUILDINGS CONSISTING OF 1,238 APARTMENTS. 16593140 1 0 0 1 0 0 0 0 1 0 1 0 0 1 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 0 1 1 0 0 0 1 32 0 116 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 NY X X ARLINE PARKS 7182929222 298 CYPRESS AVE BRONX NY 10454 ARLINE PARKS VICE CHAIR & CEO 40.00 1.00 X X 192343 0 17094 LUIS A RIVERA SECURITY DIRECTOR 40.00 X 119286 0 11158 DARIO DELACRUZ VIDEO SURVEILLANCE OFFICER 40.00 X 100494 0 2084 ANDREW REICHER BOARD CHAIRMAN 1.00 1.00 X X 0 0 0 CARMEN SANTOS SECRETARY 1.00 1.00 X X 0 0 0 JACKIE KRYGAR TREASURER 1.00 X X 0 0 0 JOHNINE JOHNSON DIRECTOR 1.00 X 0 0 0 PAUL PHILPS DIRECTOR 1.00 X 0 0 0 412123 0 30336 3 0 1 0 HERTZ CHERSON & ROSENTHAL PC 118-35 QUEENS BLVD 9TH FLOOR FOREST HILLS NY 113757200 LEGAL SERVICES 216430 FALCON ENGINEERING CO LLC 682 HWY 202/206 BRIDGEWATER NJ 08807 CONSULTING SERVICES 215716 MADISON SECURITY GROUP INC 2931 WESTCHESTER AVE BRONX NY 10461 SECURITY SERVICES 186330 STEIN ADLER DABAH & ZELKOWITZ LLP 1633 BROADWAY 46TH FLOOR NEW YORK NY 10019 LEGAL SERVICES 106242 4 RENTAL INCOME 531110 20599864 20599864 20599864 228962 228962 258840 77322 181518 181518 181518 INSURANCE PROCEEDS 900099 2011121 2011121 REIMBURSEMENT INCOME 900099 111853 111853 MISCELLANEOUS INCOME 900099 110224 110224 56642 56642 2289840 23300184 20599864 0 2700320 206337 168820 37517 4715491 4136290 579201 883392 722770 160622 608458 497826 110632 800000 800000 473689 473689 47750 47750 120000 120000 750831 613155 137676 5643 5643 406704 85512 321192 7363463 7363463 604 604 330 330 2068958 2068958 61676 61676 REPAIRS & MAINTENANCE 979129 775528 203601 BAD DEBT EXPENSE 959136 959136 VIOLATIONS 69743 69743 MISCELLANEOUS EXPENSE 15611 15611 13184 13184 20550129 16593140 3956989 0 3343233 1951270 9186712 9384791 1018292 1770435 98724 121451 907675 783627 48670985 22589526 24256375 26081459 8329493 10220606 47140504 50313639 1637717 1652226 36062 83639 487133 491565 29933398 30291783 66061 64238 32160371 32583451 X 14980133 17730188 14980133 17730188 47140504 50313639 2750055 0 X X 0 1 X 1 1 1 X 180428 180428 20020141 20282986 20087749 20334971 20599864 101325711 20020141 20282986 20087749 20515399 20599864 101506139 0 0 0 101506139 186809 232002 285859 363569 487802 1556041 186809 232002 285859 363569 487802 1556041 42740 115991 82334 1635686 2289840 4166591 20249690 20630979 20455942 22514654 23377506 107228771 0.94660 0.96640 0.01450 0.01240 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - INSURANCE PROCEEDS - 2015 AMOUNT: $ 10,630. 2017 AMOUNT: $ 8,000. 2018 AMOUNT: $ 1,490,326. 2019 AMOUNT: $ 2,011,121. LAUNDRY INCOME - 2015 AMOUNT: $ 894. 2016 AMOUNT: $ 2,589. 2019 AMOUNT: $ 3,226. APPLICATION FEES - 2015 AMOUNT: $ 9,881. 2016 AMOUNT: $ 5,355. 2017 AMOUNT: $ 4,560. 2018 AMOUNT: $ 2,720. 2019 AMOUNT: $ 1,780. DAMAGES INCOME - 2015 AMOUNT: $ 17,003. 2016 AMOUNT: $ 29,896. 2017 AMOUNT: $ 37,033. 2018 AMOUNT: $ 48,280. 2019 AMOUNT: $ 49,908. TENANT SERVICES - 2015 AMOUNT: $ 4,332. 2016 AMOUNT: $ 2,368. 2017 AMOUNT: $ 4,713. 2018 AMOUNT: $ 725. 2019 AMOUNT: $ 1,728. REIMBURSEMENT INCOME - 2016 AMOUNT: $ 72,283. 2017 AMOUNT: $ 19,269. 2018 AMOUNT: $ 16,279. 2019 AMOUNT: $ 111,853. LEGAL REIMBURSEMENTS - MISCELLANEOUS INCOME - 2016 AMOUNT: $ 3,500. 2017 AMOUNT: $ 8,759. 2018 AMOUNT: $ 77,356. 2019 AMOUNT: $ 110,224. 0 0 0 0 0 0 0 0 1 120000 120000 0 PART II-B, LINE 1: THE ORGANIZATION RETAINED KASIRER LLC TO PROVIDE, DEVELOP, AND IMPLEMENT A COMPREHENSIVE STRATEGIC PLAN TO OBTAIN SITE CONTROL OF CERTAIN CITY AND STATE OWNED PARCELS OF LAND NEEDED TO EXECUTE THE ORGANIZATION'S NEIGHBORHOOD DEVELOPMENT PLAN. 0 1 X 80 80 39199733 16480613 22719120 6982526 5154387 1828139 2488646 954526 1534120 26081459 TENANT SECURITY DEPOSIT 491736 UTILITY DEPOSIT 2450 ESCROW RESERVE 7678669 DUE FROM RELATED PARTY 2047751 10220606 ACCRUED INTEREST 64238 64238 X 23507517 207333 207333 23300184 0 23300184 20785681 235552 235552 20550129 0 20550129 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE APARTMENTS. PART X, LINE 2: THE HOUSING COMPANY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE HOUSING COMPANY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE HOUSING COMPANY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM CONSOLIDATED ENTITY REPORTED IN FINANCIALS STATEMENTS 90,148. RENT EXPENSE REPORTED ON PART VIII, LINE 6B: 77,322. UTILITY REIMBURSEMENT 39,863. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM CONSOLIDATED ENTITY REPORTED IN FINANCIAL STATEMENTS 118,367. RENT EXPENSE REPORTED ON PART VIII, LINE 6B: 77,322. UTILITY REIMBURSEMENT 39,863. X X X 0 0 0 0 0 0 0 0 0 ARLINE PARKS VICE CHAIR & CEO 172343 0 20000 0 0 0 3100 0 13994 0 209437 0 0 0 FORM 990, LINE B, AMENDED RETURN: AN AMENDED RETURN IS BEING FILED IN ORDER TO CONFORM TO THE ORGANIZATION'S DECEMBER 31, 2019 AUDITED FINANCIAL STATEMENTS WHICH WERE NOT AVAILABLE WHEN THE ORIGINAL RETURN WAS FILED. A LISTING OF ALL OF THE CHANGES TO THE FORM 990 IS AS FOLLOWS: 1. PAGE 1, BOX G: GROSS RECEIPTS WAS RESTATED TO REFLECT THE UPDATED REVENUE REPORTED IN PART VIII. 2. PART I, LINES 11, 12, 17, 18, 19, 20, 21, AND 22: THESE AMOUNTS WERE UPDATED TO REFLECT THE CHANGES REPORTED IN THEIR RESPECTIVE PARTS OF THE RETURN DUE TO THE ISSUANCE OF THE FINANCIAL STATEMENTS. 3. PART III, LINE 4A: THE TOTAL PROGRAM EXPENSES REPORTED FOR THIS PROGRAM WAS UPDATED TO AGREE TO THE ADJUSTMENTS MADE IN PART IX. 4. PART IV, LINES 11F, AND 12B: THESE LINES WERE UPDATED TO REFLECT THE CHANGES REPORTED IN THEIR RESPECTIVE PARTS OF THE RETURN DUE TO THE ISSUANCE OF THE FINANCIAL STATEMENTS. 5. PART VIII, LINES 6, 11A, 11B, 11C AND 12: THE REVENUE ON THESE LINES WERE UPDATED TO AGREE TO THE FINANCIAL STATEMENTS. 6. PART IX, LINES 5, 7, 9, 11G, 16, 24A, 24B, 24D AND 25: THESE AMOUNTS WERE UPDATED TO REFLECT THE FUNCTIONAL ALLOCATION PER THE FINANCIAL STATEMENTS. 7. PART X, LINES 4, 10A, 10C, 16, 27, 32, 33, AND 34: THESE AMOUNTS WERE UPDATED TO AGREE TO THE FINANCIAL STATEMENTS. 8. PART XI, LINES 1, 2, 3, AND 10: THESE AMOUNTS WERE UPDATED FOR THE CHANGES REPORTED IN PART VIII AND PART IX, AS MENTIONED ABOVE AS WELL AS TO AGREE TO THE FINANCIAL STATEMENTS. 9. PART XII, LINES 2B, 2C, 3A, AND 3B: THESE LINES WAS CHECKED "YES" FINANCIAL STATEMENTS WERE ISSUED FOR THE TAX YEAR. 10. SCHEDULE A, SECTION B, LINES 10A, 10C, 12, 13: THESE AMOUNTS WERE UPDATED TO AGREE TO THE FINANCIAL STATEMENTS. 11. SCHEDULE A, SECTION C, LINES 15,16,17: THESE AMOUNTS WERE UPDATED TO AGREE TO THE FINANCIAL STATEMENTS. 12. SCHEDULE D, PART VI AND PART X: THE AMOUNTS REPORTED IN THIS SECTION WERE UPDATED FOR THE CHANGES REPORTED IN PART VI AND PART X. 13. SCHEDULE D, PART XI AND XII: THE AMOUNTS REPORTED IN THESE SECTIONS WERE UPDATED TO AGREE WITH THE REVENUE AND EXPENSES, PER THE AUDITED FINANCIAL STATEMENTS. 14. SCHEDULE O: NARRATIVES WERE UPDATED WITH REGARDS TO THE CHANGES MENTIONED ABOVE. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENGAGED WINNRESIDENTIAL, LLC TO PROVIDE MANAGEMENT AND BOOKKEEPING SERVICES. THESE SERVICES ARE DETAILED IN A FORMAL MANAGEMENT AGREEMENT. FOR THE YEAR ENDING DECEMBER 31, 2019, THE MANAGEMENT FEES WERE $800,000. NO MEMBER OF THE BOARD OF DIEGO BEEKMAN IS COMPENSATED BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION B, LINE 11B DIEGO BEEKMAN MUTUAL HOUSING ASSOCIATION 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 IT IS ELECTRONICALLY SENT TO MANAGEMENT FOR REVIEW, AND THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THIS STATEMENT IS DIRECTED NOT ONLY TO DIRECTORS AND OFFICERS, BUT TO ANY AGENT AND ALL EMPLOYEES WHO CAN INFLUENCE THE ACTIONS OF THE CORPORATION OR ITS BOARD OF DIRECTORS OR MAKE COMMITMENTS ON THEIR BEHALF THIS WOULD INCLUDE ALL WHO MAKE PURCHASING DECISIONS, ALL PERSONS WHO MIGHT BE DESCRIBED AS "MANAGEMENT PERSONNEL, AND ANYONE WHO HAS PROPRIETARY INFORMATION CONCERNING ANY AFFAIRS OF THE CORPORATION EACH DIRECTOR, OFFICER, MANAGEMENT AGENT, MANAGEMENT EMPLOYEES SHALL ANNUALLY SIGN A STATEMENT ANY TIME FROM INVOLVEMENT IN ANY DECISION OR DISCUSSION IN WHICH THE PARTY BELIEVES HE OR SHE HAS OR MAY HAVE A CONFLICT OF INTEREST AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR EXECUTIVE COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD'S EXECUTIVE COMMITTEE DETERMINES SALARY COMPENSATION FOR ARLINE PARKS, THE CEO. THE EXECUTIVE COMMITTEE USED THE CHARITY NAVIGATOR'S 2013 CEO COMPENSATION STUDY TO DETERMINE MS. PARK'S SALARY. THE APPROVAL WAS DOCUMENTED IN THE BOARD MINUTES OF THE MEETING AT 12/31/18. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THESE DOCUMENTS ARE AVAILABLE AT THE ORGANIZATIONS CORPORATE OFFICE LOCATED AT 298 CYPRESS AVE, BRONX, NY 10454...OR BY CALLING THE ORGANIZATION DIRECTLY AT (718) 292-9222. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF ITS INDEPENDENT AUDITOR. THE POLICY FOR SELECTION AND OVERSIGHT OF THE INDEPENDENT AUDITORS HAS NOT CHANGED SINCE LAST YEAR. DIEGO BEEKMAN LOCAL DEVELOPMENT CORPORATION 298 CYPRESS AVENUE BRONX NY 10454 822119139 RELIEVING AND REDUCING UNEMPLOYMENT NY 501(C)(3) LINE 12A, I DIEGO BEEKMAN MUTUAL HOUSING ASSOCIATION HOUSING DEVELOPMENT FUND CORP 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0