2025-10-22T15:46:34-05:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-01-01 800522071 ACTORS FUND HOUSING DEVELOPMENT CORPORATION ACTO 2122217300 729 SEVENTH AVENUE 10TH FL NEW YORK NY 10019 KAREN WANG TREASURER 2122217300 2025-10-22 1 1 SCOTT THOMPSETT P00741490 2125990100 2024 2025-03-06 01:10:19Z JOSEPH BENINCASA 729 SEVENTH AVENUE 10TH FL NEW YORK NY 10019 4307187 0 X SEE SCHEDULE O X 2009 NY TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS & ENTERTAINMENT COMMUNITY. 19 13 0 0 0 0 15871089 947346 1879981 2540427 420619 819414 0 0 18171689 4307187 0 0 0 0 345244 297995 0 0 0 3646044 4246816 3991288 4544811 14180401 -237624 31147405 29567180 21693914 20351313 9453491 9215867 X TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS COMMUNITY THAT IMPROVES LIVES, FOSTERS ECONOMIC DEVELOPMENT AND REVITALIZES COMMUNITIES. (CONTINUED IN SCHEDULE O).A SUBSIDIARY OF THE ACTORS FUND, AFHDC WAS CREATED TO DEVELOP NEW AFFORDABLE HOUSING FOR THE PERFORMING ARTS AND ENTERTAINMENT COMMUNITY. AFHDC BRINGS TOGETHER EDUCATIONAL PROGRAMMING, ADVOCACY, MARKETING AND REAL ESTATE DEVELOPMENT WITH THE GOAL OF INCREASING ACCESS TO AFFORDABLE HOUSING OPPORTUNITIES FOR OUR CONSTITUENTS.OUR HOUSING PORTFOLIO CONSISTS OF 585 UNITS IN NEW YORK AND LOS ANGELES, WITH ANOTHER 158 IN DEVELOPMENT:- THE HOLLYWOOD ARTS COLLECTIVE IN HOLLYWOOD, CALIFORNIA- THE PALM VIEW IN WEST HOLLYWOOD, CALIFORNIA- THE DOROTHY ROSS FRIEDMAN RESIDENCE (FORMERLY THE AURORA) ON THE WEST SIDE OF MANHATTAN- THE SCHERMERHORN IN DOWNTOWN BROOKLYN- RIALTO WEST IN HELL'S KITCHEN, NEW YORK (IN DEVELOPMENT) 0 0 3239937 0 1726153 THE DOROTHY ROSS FRIEDMAN RESIDENCE, LOCATED AT 475 WEST 57TH STREET IN NEW YORK CITY, HAS 178 SHARED RESIDENTIAL UNITS PROVIDING SUPPORTIVE HOUSING TO LOW-INCOME GROUPS INCLUDING SENIORS, WORKING PROFESSIONALS AND PEOPLE LIVING WITH HIV/AIDS. ON-SITE SOCIAL SERVICES AND ACTIVITIES ARE PROVIDED. 1273371 0 814237 A SUBSIDIARY OF THE ACTORS FUND, AFHDC WAS CREATED TO DEVELOP NEW AFFORDABLE HOUSING FOR THE PERFORMING ARTS AND ENTERTAINMENT COMMUNITY. AFHDC BRINGS TOGETHER EDUCATIONAL PROGRAMMING, ADVOCACY, MARKETING AND REAL ESTATE DEVELOPMENT WITH THE GOAL OF INCREASING ACCESS TO AFFORDABLE HOUSING OPPORTUNITIES FOR OUR CONSTITUENTS. 69 0 37 THE PALM VIEW, LOCATED AT 980 NORTH PALM AVE, IN WEST HOLLYWOOD, CA, IS A 40-UNIT APARTMENT COMPLEX THAT PROVIDES HOMES TO LOW-INCOME PEOPLE WITH SPECIAL NEEDS OR WHO ARE LIVING WITH HIV/AIDS IN WEST HOLLYWOOD, CALIFORNIA. 4513377 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 X 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 13 0 1 0 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 41.00 X X 0 912091 91971 DANIEL ARNOW - VICE PRESIDENT & EXECUTIVE DIRECTOR 10.00 35.00 X X 0 173442 16075 KEITH MCNUTT VICE PRESIDENT 10.00 40.00 X X 0 253713 78448 BARBARA DAVIS SECRETARY 10.00 41.00 X X 0 510351 112457 KAREN WANG TREASURER 10.00 35.00 X X 0 166710 49071 ROBERT WANKEL CHAIR 1.00 1.00 X X 0 0 0 SHAWN ESCOFFERY DIRECTOR (AS OF 09/2024) 1.00 0.00 X 0 0 0 ABBY HAMLIN DIRECTOR 1.00 0.00 X 0 0 0 IRWIN JAY DEUTCH DIRECTOR 1.00 0.00 X 0 0 0 ROCCO LANDESMAN DIRECTOR 1.00 1.00 X 0 0 0 STEWART LANE DIRECTOR 1.00 1.00 X 0 0 0 ANTHONY MARCHETTA DIRECTOR 1.00 0.00 X 0 0 0 ROBERT MCDONOUGH DIRECTOR (AS OF 09/2024) 1.00 1.00 X 0 0 0 MARCUS RANDOLPH DIRECTOR 1.00 0.00 X 0 0 0 WENDY ROWDEN DIRECTOR 1.00 0.00 X 0 0 0 TONY SALAZAR DIRECTOR 1.00 0.00 X 0 0 0 LAURA SEGURA DIRECTOR 1.00 0.00 X 0 0 0 JORDAN STROHL DIRECTOR 1.00 40.00 X 0 299743 102048 DAVID WALSH DIRECTOR 1.00 0.00 X 0 0 0 STEVE WEISS DIRECTOR (THRU 06/2024) 1.00 0.00 X 0 0 0 JOSEPH WENDER DIRECTOR (THRU 06/2024) 1.00 1.00 X 0 0 0 CONNIE YOO FORMER TREASURER 0.00 41.00 X 0 346022 100418 0 2662072 550488 0 1 1 0 BREAKING GROUND MANAGEMENT 505 8TH AVENUE NEW YORK NY 10018 MANAGEMENT 970554 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON ST CONSHOHOCKEN PA 19428 SECURITY 325815 HDR ARCHITECTURE INC 6451 BOX SPRINGS BLVD RIVERSIDE CA 92507 ARCHITECTURE 158190 3 947346 947346 TENANT RENTAL REVENUE 900099 1726153 1726153 FEE FOR SERVICE INCOME 900099 814274 814274 2540427 819414 819414 4307187 2540427 0 819414 244352 244352 17548 17548 17092 17092 19003 19003 872873 872873 29636 29636 20946 20946 164602 164602 208134 197646 10488 17839 17839 880581 880581 5894 5894 38391 38391 779178 779178 341704 341704 PRE-DEVELOPMENT EXPENSE 504013 504013 SECURITY 355877 355877 BAD DEBT EXPENSE 27148 27148 4544811 4513377 31434 0 101896 119087 16521865 15675047 197819 200999 107377 121027 22789538 9338518 14218448 13451020 31147405 29567180 233975 283269 268532 51675 19539423 19473186 1651984 543183 21693914 20351313 X -5362149 -5092310 14815640 14308177 9453491 9215867 31147405 29567180 -237624 0 X 0 1 X 1 1 1 X 852963 1079055 943555 15871089 947346 19694008 852963 1079055 943555 15871089 947346 19694008 19694008 442 40 1494 420619 819414 1242009 20936017 10626689 0.94070 0.95730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4544811 4544811 377241 94310 0 0 320365 333977 349564 377241 1381147 2071721 80091 83494 87391 94310 345286 517929 PART II-A: THE ACTORS FUND HOUSING DEVELOPEMENT CORPORATION DID NOT ENGAGE IN ANY LOBBYING ACTIVITIES IN CALENDAR YEAR 2024. 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 8608382 9543835 931505 651439 280066 205736 78697 127039 13451020 INTERCOMPANY PAYABLES 299805 OTHER LIABILITIES 243378 543183 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. THE FUND FOLLOWS GUIDANCE THAT 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 GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE FUND IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE CODE SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE FUND HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, TO IDENTIFY AND REPORT UNRELATED INCOME, TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS, AND TO IDENTITY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FUND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. 0 1 0 0 0 0 0 0 0 JOSEPH BENINCASA PRESIDENT 0 493098 0 0 0 418993 0 49486 0 42485 0 1004062 0 276375 BARBARA DAVIS SECRETARY 0 392635 0 8150 0 109566 0 69525 0 42932 0 622808 0 69761 CONNIE YOO FORMER TREASURER 0 326960 0 5250 0 13812 0 56902 0 43516 0 446440 0 0 JORDAN STROHL DIRECTOR 0 257448 0 20577 0 21718 0 60538 0 41510 0 401791 0 0 KEITH MCNUTT VICE PRESIDENT 0 233607 0 3750 0 16356 0 36763 0 41685 0 332161 0 0 KAREN WANG TREASURER 0 163104 0 2593 0 1013 0 13702 0 35369 0 215781 0 0 DANIEL ARNOW - VICE PRESIDENT & EXECUTIVE DIRECTOR 0 170577 0 2625 0 240 0 12867 0 3208 0 189517 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, 2024, BARBARA DAVIS - CHIEF OPERATING OFFICER, CONNIE YOO - CHIEF FINANCIAL OFFICER, AND JORDAN STROHL - EXECUTIVE DIR., ACTORS FUND HOME, PARTICIPATED IN THE RELATED ORGANIZATION'S SUPPLEMENTAL 457(F) NONQUALIFIED RETIREMENT PLAN. SECTION 457(F) DEFERRALS FOR THESE INDIVIDUALS WERE $20,053, $7,633, AND $20,000 RESPECTIVELY AND ARE REPORTED IN SCHEDULE J, PART II, COLUMN (C). IN CALENDAR YEAR 2024, PRESIDENT, JOSEPH BENINCASA, AND CHIEF OPERATING OFFICER, BARBARA DAVIS, RECEIVED A DISTRIBUTION FROM THE PARENT ORGANIZATION'S SECTION 457(F) DEFERRED COMPENSATION PLAN. THESE AMOUNTS WERE REPORTED IN PREVIOUS FORMS 990 IN SCHEDULE J, PART II, COLUMN (C) AS DEFERRED COMPENSATION; SINCE THE AMOUNTS WERE ACTUALLY DISTRIBUTED IN 2024 AND HIT THEIR RESPECTIVE W-2S, THESE AMOUNTS ARE REPORTED A SECOND TIME IN SCHEDULE J, PART II, COLUMN (B)(III). IN ADDITION, THIS PREVIOUSLY DEFERRED 457(F) PAYOUT IS DISCLOSED IN SCHEDULE J, PART II, COLUMN (F) TO REFLECT THAT IT HAS ALREADY BEEN DISCLOSED ON A PREVIOUS FORM 990. FORM 990, HEADER, LINE J - WEBSITE: THE ORGANIZATION'S WEBSITE IS WWW.ENTERTAINMENTCOMMUNITY.ORG/HOUSING-DEVELOPMENT-CORPORATION FORM 990, PART V, LINE 2A: AFHDC DOES NOT ISSUE W-2S AND DOES NOT HAVE EMPLOYEES OF ITS OWN; IT SHARES EMPLOYEES WITH ITS PARENT ORGANIZATION, THE ACTORS' FUND OF AMERICA (EIN: 13-1635251). ALL W-2S AND REQUIRED EMPLOYMENT TAX FILINGS ARE HANDLED BY THE ACTORS' FUND OF AMERICA. THE EXPENDITURES REPORTED ON PART IX, LINES 7-10, REFLECT AFHDC'S ALLOCATED SHARE OF PAYROLL-RELATED COSTS. 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 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 1726117 14380340 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 729 SEVENTH AVENUE FLOOR 10 NEW YORK NY 10019 831186000 HOUSING CA 0 0 AFHDC ACTORS-HAC LLC 729 SEVENTH AVENUE FLOOR 10 NEW YORK NY 10019 800522071 HOUSING CA 0 0 AFHDC ACTORS HK HOUSING DEVELOPMENT FUND CORPORATION 729 SEVENTH AVENUE FLOOR 10 NEW YORK NY 10019 934108374 HOUSING NY 0 0 AFHDC THE ACTORS' FUND OF AMERICA 729 SEVENTH AVENUE NEW YORK NY 10019 131635251 HUMAN SERVICE NY 501(C)(3) LINE 7 N/A 0 HOLLYWOOD ARTS BUILDING QALICB 729 SEVENTH AVENUE NEW YORK NY 10019 873343478 HOUSING CA 501(C)(3) LINE 12B, II ACTORS FUND 0 980 NORTH PALM LP 5757 WILSHIRE BLVD STE 400 LOS ANGELES CA 90036 320572911 HOUSING CA N/A RELATED 36 621 0 1 0.00010 THE HOLLYWOOD ARTS COLLECTIVE LP 11811 SAN VICENTE BLVD LOS ANGELES CA 90049 821599716 HOUSING CA N/A RELATED 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 947346 FMV