2017-11-09T09:58:58-06:00 2016-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2016-01-01 760709606 DIEGO BEEKMAN MUTUAL HOUSING ASSOCIATION HOUSING DEVELOPMENT FUND CORPORATION DIEG 7182929222 298 CYPRESS AVENUE BRONX NY 10454 ARLINE PARKS VICE CHAIR & CEO 7182929222 2017-11-01 1 GARRETT M HIGGINS P00543209 9143818900 2017-11-01 65.51.112.58 2017-11-01 16:01:00 ED P DBE3753688BC1776818C679406F8E276569BC57D DBE3753688BC1776818C679406F8E276569BC57D 2016 2021-01-29 14:40:06Z ARLINE PARKS 298 CYPRESS AVENUE BRONX NY 10454 20628223 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 5 123 6 0 0 0 0 20020141 20280230 2395 8845 158108 268815 20180644 20557890 0 0 0 0 4458811 4484663 0 0 0 12833104 13827943 17291915 18312606 2888729 2245284 39814007 41410504 32636356 31987569 7177651 9422935 THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE QUALITY AFFORDABLE HOUSING TO MODERATE INCOME FAMILIES 0 0 14488360 20280230 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. 14488360 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 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 0 0 0 0 1 32 0 123 1 0 0 0 0 0 0 0 0 0 0 X 6 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X ARLINE PARKS 7182929222 298 CYPRESS AVE BRONX NY 10454 ANDREW REICHER BOARD CHAIRMAN 1.00 X X 0 0 0 ARLINE PARKS VICE CHAIR & CEO 40.00 X X 140769 0 15215 CARMEN SANTOS SECRETARY 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 140769 0 15215 1 0 1 0 WINNRESIDENTIAL (NY) LLC 6 FANEUL HALL MARKETPLACE BOSTON MA 02109 MANAGEMENT SERVICES 726321 RAPPAPORT HERTZ CHERSON & ROSENTHAL PC 118-35 QUEENS BLVD 9TH FLOOR FOREST HILLS NY 11375 LEGAL SERVICES 294057 GENESIS ELECTRONICS 122 FAIRVIEW AVE BOGOTA NJ 07603 MANUFACTURING AND REPAIR SERVICES 107791 CLIFTON BUDD & DEMARIA LLP 350 FIFTH AVE SUITE 6110 N NEW YORK NY 10118 LEGAL SERVICES 102531 4 RENTAL INCOME 531110 20280230 20280230 20280230 8845 8845 223157 70333 152824 152824 152824 REIMBURSEMENT INCOME 900099 72283 72283 DAMAGES INCOME 900099 29896 29896 APPLICATION FEES 900099 5355 5355 8457 8457 115991 20557890 20280230 0 277660 155984 116456 39528 2899128 2164453 734675 830006 619672 210334 599545 447613 151932 800000 800000 407038 407038 26000 26000 1162046 1162046 7900 7900 326585 47771 278814 6697861 6697861 734 734 2216166 2216166 44183 44183 BAD DEBT EXPENSE 1202640 34615 1168025 REPAIRS & MAINTENANCE 699908 699908 VIOLATIONS 179272 179272 MISCELLANEOUS EXPENSE 34122 34122 23488 23488 18312606 14488360 3824246 0 3900980 3264627 3301691 6037210 1391916 884171 86728 914871 1629365 41449440 16684921 25557897 24764519 4746652 4743884 39814007 41410504 714542 648840 719522 718912 31041946 30477190 160346 142627 32636356 31987569 X 7177651 9422935 7177651 9422935 39814007 41410504 2245284 0 X X 0 1 X 1 1 1 X 1053370 278578 1331948 17044018 18636553 19503041 20020141 20282986 95486739 18097388 18636553 19781619 20020141 20282986 96818687 0 0 0 96818687 188079 201080 222548 186809 232002 1030518 188079 201080 222548 186809 232002 1030518 229423 162791 335806 42740 115991 886751 18514890 19000424 20339973 20249690 20630979 98735956 0.98060 0.98080 0.01040 0.01080 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2012 AMOUNT: $ 229,423. 2014 AMOUNT: $ 17,296. INSURANCE PROCEEDS - 2013 AMOUNT: $ 57,491. 2014 AMOUNT: $ 107,013. 2015 AMOUNT: $ 10,630. LAUNDRY INCOME - 2013 AMOUNT: $ 2,399. 2014 AMOUNT: $ 2,466. 2015 AMOUNT: $ 894. 2016 AMOUNT: $ 2,589. APPLICATION FEES - 2013 AMOUNT: $ 10,570. 2014 AMOUNT: $ 11,015. 2015 AMOUNT: $ 9,881. 2016 AMOUNT: $ 5,355. DAMAGES INCOME - 2013 AMOUNT: $ 13,064. 2014 AMOUNT: $ 62,720. 2015 AMOUNT: $ 17,003. 2016 AMOUNT: $ 29,896. TENANT SERVICES - 2013 AMOUNT: $ 11,185. 2014 AMOUNT: $ 10,728. 2015 AMOUNT: $ 4,332. 2016 AMOUNT: $ 2,368. REIMBURSEMENT INCOME - 2013 AMOUNT: $ 68,082. 2014 AMOUNT: $ 36,722. 2016 AMOUNT: $ 72,283. LEGAL REIMBURSEMENTS - 2014 AMOUNT: $ 87,846. MISCELLANEOUS INCOME - 2016 AMOUNT: $ 3,500. 0 1 X 80 80 39987516 15837325 24150191 961081 597220 363861 500763 250376 250387 24764519 TENANT SECURITY DEPOSIT 718912 UTILITY DEPOSIT 2450 ESCROW RESERVE 4022522 4743884 ACCRUED INTEREST 69509 DEFERRED RENT 73118 142627 X 20579415 70333 70333 20509082 48808 48808 20557890 18334131 70333 70333 18263798 48808 48808 18312606 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, 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE REPORTED ON PART VIII, LINE 6B: 70,333. PART XI, LINE 4B - OTHER ADJUSTMENTS: UTILITY REIMBURSEMENT REPORTED IN PART VIII, LINE 11A 48,808. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE REPORTED ON PART VIII, LINE 6B: 70,333. PART XII, LINE 4B - OTHER ADJUSTMENTS: UTILITY REIMBURSEMENT REPORTED IN PART VIII, LINE 11A 48,808. X X X 0 0 0 0 0 0 0 1 0 ARLINE PARKS VICE CHAIR & CEO 120769 0 20000 0 0 0 0 0 15215 0 155984 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEE RECEIVED A BOARD DISCRETIONARY BONUS IN THEIR 2016 W-2 FROM THE ORGANIZATION: - ARLINE PARKS $20,000 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, 2016, 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, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. 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 12/31/16. 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.