2020-10-02T09:19:42-05:00 2019-12-31 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2019-01-01 800522071 ACTORS FUND HOUSING DEVELOPMENT CORPORATION % CONNIE YOO ACTO 2122217300 729 Seventh Avenue Suite 10th FL New York NY 10019 CONNIE YOO Treasurer 2122217300 2020-10-02 true SCOTT THOMPSETT P00741490 2125990100 71.232.176.125 36941220202765000001 2020-10-02 P 43A6EB1B60480DC255080CF589AF7F6909E0A95E D9995710061E43B31FC6630AA5DFCB9F6A2CDAAD 2019 2021-01-29 14:40:06Z JOSEPH BENINCASA - PRESIDENT 729 Seventh Avenue 10th Flr New York NY 10019 3695274 false X ACTORFUND.ORG/Housing-Development-Corporatio X 2009 NY TO DEVELOP AFFORDABLE AND SUPPORTIVE HOUSING FOR THE PERFORMING ARTS COMMUNITY THAT IMPROVES LIVES, CREATES JOBS, FOSTERS ECONOMIC DEVELOPMENT & REVITALIZES COMMUNITIES. 10 7 0 0 0 821746 776964 1491542 2469452 2011 448858 0 0 2315299 3695274 0 0 0 0 0 0 0 0 0 3130486 3540922 3130486 3540922 -815187 154352 26331263 17640627 29896419 21133280 -3565156 -3492653 X TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS COMMUNITY THAT IMPROVES LIVES, FOSTERS ECONOMIC DEVELOPMENT AND REVITALIZES COMMUNITIES. (CONTINUED IN SCEDULE O). false true 2933229 0 1416515 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. 577587 0 1022937 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. AFHDC IS CURRENTLY THE ADMINISTRATIVE GENERAL PARTNER OF 980 NORTH PALM, L.P. FOR MORE INFORMATION, PLEASE VISIT - https://actorsfund.org/services-and-programs/palm-view. 0 0 30000 The Actors Fund Housing Development Corporation (AFHDC), subsidiary of The Actors Fund, was created to develop new affordable housing for the performing arts and entertainment community. In 2019, AFHDC generated $30,000 in revenues from two housing projects: Carnegie-Related and Gotham-Ashland. There were no program expenditures associated with these two projects. 3510816 true true false true false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false true true false false false true 5 0 true 0 false false false false false false false false false false false false X 10 7 false true false false false false false true true false false true true true true true true false CA NJ NY X X CONNIE YOO 2122217300 729 SEVENTH AVENUE 10TH FLOOR New York NY 10019 JOSEPH BENINCASA PRESIDENT 10.0 40.0 X X 0 762149 109617 BARBARA DAVIS SECRETARY 10.0 40.0 X X 0 369683 86128 CONNIE YOO TREASURER 10.0 40.0 X X 0 259845 94238 ROBERT WANKEL CHAIRMAN 1.0 0.0 X X 0 0 0 ABBY HAMLIN DIRECTOR 1.0 0.0 X 0 0 0 ROCCO LANDESMAN DIRECTOR 1.0 0.0 X 0 0 0 WENDY ROWDEN DIRECTOR 1.0 0.0 X 0 0 0 DAVID STEINER DIRECTOR 1.0 0.0 X 0 0 0 DAVID WALSH DIRECTOR 1.0 0.0 X 0 0 0 DAVID WHITE DIRECTOR 1.0 0.0 X 0 0 0 0 1391677 289983 0 false true false BREAKING GROUND MANAGEMENT 505 8TH AVENUE NEW YORK NY 10018 MANAGEMENT 854002 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON STREET CONSHOHOCKEN PA 19428 SECURITY 316744 2 776959 5 776964 RENTAL REVENUE 900099 1733916 1733916 0 0 DEVELOPER FEE INCOME 900099 705536 705536 0 0 FEE FOR SERVICE INCOME 900099 30000 30000 2469452 448858 448858 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3695274 2469452 0 448858 0 0 0 0 0 0 0 0 0 0 955711 955711 50526 40850 9676 20000 20000 0 0 0 341693 341693 0 84073 83643 430 9141 9141 0 792476 792476 1855 1855 0 0 184346 184346 0 909426 909426 190881 190881 BAD DEBT EXPENSE 794 794 0 0 3540922 3510816 30106 0 794680 451622 118335 103344 0 0 52856 69093 0 0 0 0 0 0 0 0 10314 24378 22457768 5465578 25355078 16992190 0 0 0 0 0 0 0 0 0 0 26331263 17640627 205764 195667 0 0 17651 13968 0 0 0 0 0 0 29509876 20783424 0 0 163128 140221 29896419 21133280 X -3565156 -3492653 0 0 -3565156 -3492653 26331263 17640627 X 154352 -81849 X false true X true false X 808550 765650 766787 821746 776964 3939697 0 0 808550 765650 766787 821746 776964 3939697 0 3939697 0 446 1012 2011 448858 452327 0 0 4392024 8410210 0.89701 0.99906 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3540922 3540922 327046 81762 0 295963 306524 327046 929533 1394300 0 73991 76631 81762 232384 348576 SCHEDULE C THE ACTORS FUND HOUSING DEVELOPEMENT CORPORATION DID NOT ENGAGE IN ANY LOBBYING ACTIVITIES IN CALENDAR YEAR 2019. 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. 3500062 3500062 18051821 5103643 12948178 763075 313774 449301 142810 48161 94649 16992190 0 OTHER LIABILITIES 140221 140221 X Schedule D, 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 Actors Fund of America. The below FIN-48 footnote is reported in the consolidated audited financial statements. Under the Accounting Standards Codification 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 sustaineif 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 reportunrelated 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. false true false false false false false false false JOSEPH BENINCASA PRESIDENT 0 441257 0 100000 0 220892 0 78253 0 31364 0 871766 0 140492 BARBARA DAVIS SECRETARY 0 294204 0 28077 0 47402 0 54248 0 31880 0 455811 0 39002 CONNIE YOO TREASURER 0 232814 0 19231 0 7800 0 47214 0 47024 0 354083 0 0 METHOD OF DETERMINING COMPENSATION SCHEDULE J, PART III, 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. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SCHEDULE J, PART III, LINE 4B FOR THE YEAR ENDING DECEMBER 31, 2019, PRESIDENT & CEO, CHIEF OPERATING OFFICER, AND CHIEF FINANCIAL OFFICER PARTICIPATED IN THE RELATED ORGANIZATION'S SUPPLEMENTAL 457(F)NONQUALIFIED RETIREMENT PLAN. SECTION 457(F) DEFERRALS FOR THESE INDIVIDUALS ARE $34,253, $10,248, AND $3,214 RESPECTIVELY AND ARE REPORTED IN SCHEDULE J, PART II, COLUMN (c). President & CEO, Joseph Benincasa, and Chief Operating Officer, Barbara Davis, received a payout from their Section 457(f) deferred compensation plan in the amounts of $140,492 and $39,002 respectively. These amounts have been reported in Form 990, Schedule J, Part II, Column (b)(iii) and in column (f) to reflect that they were reported on a previous Form 990 as deferred compensation (and reported in Schedule J, Part II, Column (c)). ORGANIZATION'S MISSION (CONTINUED) FORM 990, PART III, LINE I 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 ARTS WORKERS. FORM 990, PART III, LINE 3 ON NOVEMBER 1, 2019, THE ACTOR'S FUND HOUSING DEVELOPMENT CORPORATION DIVESTED ITSELF OF ITS 99.99% INTEREST IN 980 NORTH PALM, LP, A LIMITED PARTNERSHIP THAT OWNS AFFORDABLE HOUSING PROVIDED TO INDIVIDUALS IN THE ENTERTAINMENT COMMUNITY WHO ARE SUFFERING FROM AIDS (LOCATED AT 980 NORTH PALM AVENUE, WEST HOLLYWOOD, CALIFORNIA). THE ACTORS FUND HOUSING DEVELOPMENT CORPORATION STILL RETAINS A 0.0045% OWNERSHIP INTEREST AS ADMINISTRATIVE GENERAL PARTNER VIA ITS 100% OWNED SUBSIDIARY, ACTORS FUND 980 NORTH PALM, LLC. DELEGATION OF MANAGEMENT DUTIES FORM 990, PART VI, 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. THE ACTORS FUND PROVIDES A 169-BEDS OF SKILLED NURSING CARE, A SUBACUTE REHABILITATION, AND ASSISTED LIVING FACILITY IN ENGLEWOOD, NEW JERSEY FOR MEMBERS OF THE PERFORMING ARTS AND ENTERTAINMENT COMMUNITY PROCESS USED TO REVIEW FORM 990 FORM 990, PART VI, SECTION B, LINE 11A 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. CONFLICT OF INTEREST POLICY MONITORING AND ENFORCEMENT 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. WHISTLEBLOWER AND DOCUMENT RETENTION POLICY 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. AVAILABILITY OF DOCUMENTS TO THE PUBLIC 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. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 Reconciling Adjustment related to Palm View Acquisition ($74,835) Administrative General Partner 0.005% share of Palm View income ($7,014) --------- ($81,849) --------- Friedman Residence LLC 729 Seventh Avenue Floor 10 New York NY 10019 454730907 Housing NY 2195847 17603674 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 The Actors' Fund of America 729 Seventh Avenue New York NY 10019 131635251 Human Service NY 501(c)(3) 7 NA false 980 NORTH PALM LP 5757 Wilshire Blvd Ste 400 Los Angeles CA 90036 320572911 Housing CA Related 317401 6 false true 0.00005 false false true false false false false false false false false false false true true false false false false