THE MULFORD CORPORATION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- THE MULFORD CORPORATION (EIN 42-1690952)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-14
- IRS object ID
- 202513189349315276
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-14T17:50:20-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331374517 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE SUITE 301 | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 105281633 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 421690952 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MULFORD CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MULF | BusinessNameControlTxt |
| Phone | 4105983867 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1511 CENTRAL PARK AVE | AddressLine1Txt |
| City | YONKERS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10710 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRIAN SWEENEY | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 4105983867 | PhoneNum |
| Signature | 2025-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MELISSA MODELSON | PreparerPersonNm |
| PTIN | P01603524 | PTIN |
| Phone | 9143818900 | PhoneNum |
| Preparation | 2025-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRIAN SWEENEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1511 CENTRAL PARK AVE | AddressLine1Txt |
| City | YONKERS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10710 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,850,306 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MULFORDCORPORATION.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2008 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | TO SUPPORT THE GOVERNMENTAL ACTIVITIES AND GOALS OF THE MUNICIPAL HOUSING FOR THE CITY OF YONKERS, NY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $76,500 | PYContributionsGrantsAmt |
| CY Contributions Grants | $241,066 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,910,792 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $7,558,330 | CYProgramServiceRevenueAmt |
| PY Investment Income | $84,593 | PYInvestmentIncomeAmt |
| CY Investment Income | $50,910 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $2,071,885 | PYTotalRevenueAmt |
| CY Total Revenue | $7,850,306 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $489,309 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $477,536 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,227,343 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $432,546 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $11,481 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,931,516 | PYOtherExpensesAmt |
| CY Other Expenses | $1,410,868 | CYOtherExpensesAmt |
| PY Total Expenses | $3,659,649 | PYTotalExpensesAmt |
| CY Total Expenses | $2,320,950 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,587,764 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,529,356 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $19,695,138 | TotalAssetsBOYAmt |
| Total Assets EOY | $25,137,421 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $663,452 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,996,701 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $19,031,686 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $22,140,720 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO SUPPORT THE GOVERNMENTAL ACTIVITIES AND GOALS OF THE MUNICIPAL HOUSING FOR THE CITY OF YONKERS, NY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,467,983 | ExpenseAmt |
| Grant | $477,536 | GrantAmt |
| Revenue | $7,558,330 | RevenueAmt |
| Desc | PROVIDES SOCIAL SERVICES TO RESIDENTS OF THE LOW AND MODERATE INCOME HOUSING PROJECTS OPERATED BY THE MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS, TO INCREASE THE ACCESSIBILITY OF LOW-INCOME HOUSING, TO RAISE FUNDS TO SUPPLEMENT MHACY'S LOW-INCOME HOUSING PROJECTS. | Desc |
| Total Program Service Expenses | $1,467,983 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 16 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRIAN SWEENEY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4105983867 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1511 CENTRAL PARK AVE | AddressLine1Txt |
| City | YONKERS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10710 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| JAMES J LANDY | |||||||
| CHAIRMAN | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOAN DEIERLAN | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN J MCDONALD | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| EDGAR SANTANA SR | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN SCHOPFER | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JEAN TICKELL | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| WILSON KIMBALL | |||||||
| PRESIDENT & CEO | 8.00 | 32.00 | Yes (X) | $0 | $295,257 | $5,139 | |
| CARLOS LABOY-DIAZ | |||||||
| VICE PRESIDENT | 1.00 | 39.00 | Yes (X) | $0 | $241,172 | $43,606 | |
| JOHN LISZEWSKI | |||||||
| TREASURER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| BRIAN SWEENEY | |||||||
| SECRETARY | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $536,429 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $48,745 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| THE FRESNEL GROUP | |||||
| 606 SECOND STREET | ANNAPOLIS | MD | 21403 | MANAGEMENT SERVICES | $895,847 |
| STEPTOE & JOHNSON LLP | |||||
| 1114 AVENUE OF THE AMERICAS | NEW YORK | NY | 10036 | LEGAL SERVICES | $380,069 |
| KMCG LLC | |||||
| 221 DEVOE AVE | YONKERS | NY | 10705 | PROJECT STRATEGY & DEVELOPMENT | $247,470 |
| MUNICIPAL HOUSING AUTHORITY FOR THE CITY | |||||
| 1500 CENTRAL ARK AVE | YONKERS | NY | 10710 | BUILDING INSPECTIONS | $242,520 |
| TERRAIN | |||||
| 53 OLD SOLOMONS ISLAND ROAD SUITE | ANNAPOLIS | MD | 21401 | ENGINEERING SERVICES | $188,448 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $180,566 | GovernmentGrantsAmt |
| All Other Contributions | $60,500 | AllOtherContributionsAmt |
| Total Contributions | $241,066 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| DEVELOPER FEES | 900099 | $7,530,525 | $7,530,525 |
| MANAGEMENT FEE INCOME | 900099 | $27,805 | $27,805 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $7,558,330 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $50,910 | TotalRevenueColumnAmt |
| Exclusion | $50,910 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,850,306 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,558,330 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $50,910 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $477,536 | TotalAmt |
| Program Services | $477,536 | ProgramServicesAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432,546 | TotalAmt |
| Program Services | $209,437 | ProgramServicesAmt |
| Management And General | $223,109 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $128,845 | TotalAmt |
| Program Services | $120,420 | ProgramServicesAmt |
| Management And General | $8,425 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $151,300 | TotalAmt |
| Management And General | $151,300 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,297 | TotalAmt |
| Program Services | $45,771 | ProgramServicesAmt |
| Management And General | $115,526 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $149,570 | TotalAmt |
| Management And General | $149,570 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,393 | TotalAmt |
| Program Services | $1,393 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,564 | TotalAmt |
| Management And General | $8,564 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,135 | TotalAmt |
| Management And General | $21,135 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,228 | TotalAmt |
| Management And General | $8,228 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,877 | TotalAmt |
| Management And General | $45,877 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,832 | TotalAmt |
| Management And General | $4,832 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| ASSET MANAGEMENT SERVIC | $613,426 | $613,426 | |
| PROJECT CONSULTING AND | $113,743 | $113,743 | |
| BAD DEBT | $1,692 | $1,692 | |
| MISCELLANEOUS EXPENSES | $966 | $966 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,320,950 | TotalAmt |
| Program Services | $1,467,983 | ProgramServicesAmt |
| Management And General | $852,967 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $186,115 | BOYAmt |
| EOY | $259,977 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,293,799 | BOYAmt |
| EOY | $105,046 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,304,736 | BOYAmt |
| EOY | $19,543,815 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $339,114 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $363,781 | BOYAmt |
| EOY | $5,228,583 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $207,593 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,695,138 | BOYAmt |
| EOY | $25,137,421 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $663,452 | BOYAmt |
| EOY | $1,052,873 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,915,651 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $28,177 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $663,452 | BOYAmt |
| EOY | $2,996,701 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,031,686 | BOYAmt |
| EOY | $22,140,720 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,031,686 | BOYAmt |
| EOY | $22,140,720 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,695,138 | BOYAmt |
| EOY | $25,137,421 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $5,529,356 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,664 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$2,418,658 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| Supported Organizations | 2 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (2 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| CITY OF YONKERS | ||||
| 136007340 | 6 | 0 | $0 | $0 |
| MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS | ||||
| 136007014 | 6 | Yes (1) | $0 | $435,090 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 2 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $435,090 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | 0 | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | Yes (1) | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | Yes (1) | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (1) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | Yes (1) | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Governmental Entity | Yes (X) | GovernmentalEntityInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, SECTION A, LINE 1: | THE SUPPORTED ORGANIZATION, CITY OF YONKERS, IS NOT LISTED IN THE CORPORATION'S GOVERNING DOCUMENTS. THE CORPORATION SUPPORTS THE CITY OF YONKERS WHICH SUPPORTS THE SAME CHARITABLE CLASS FOR INDIVIDUALS IN CONNECTION WITH THE GOALS OF THE MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS, NEW YORK ("MHACY"). THEREFORE, QUESTION ONE HAS BEEN ANSWERED NO. |
| PART IV, SECTION A, LINE 2: | THE CORPORATION SUPPORTS THE CITY OF YONKERS (THE "CITY"). THE CITY IS A LOCAL GOVERNMENT UNDER SECTION 170(B)(1)(A)(V) AND IS NOT REQUIRED TO OBTAIN RECOGNITION OF ITS PUBLIC CHARITY STATUS. THE CORPORATION DETERMINED THAT THE CITY WOULD BE DESCRIBED IN SECTION 509(A)(2) AS IT SERVES THE NEEDS OF THE GENERAL PUBLIC. |
| PART IV, SECTION E, LINE 1C: | THE CORPORATION SUPPORTS THE CITY OF YONKERS (THE "CITY"). THE CITY IS A LOCAL GOVERNMENT UNDER SECTION 170(B)(1)(A)(V). THE CORPORATION SUPPORTS THE CITY OF YONKERS WHICH SUPPORTS THE SAME CHARITABLE CLASS FOR INDIVIDUALS IN CONNECTION WITH THE GOALS OF THE MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS, NEW YORK. |
| CITY OF YONKERS: | THE ORGANIZATION SUPPORTS THE CITY OF YONKERS, WHICH IS AFFILIATED WITH THE MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS, NEW YORK, AN INDEPENDENT MUNICIPAL CORPORATION. THE HOUSING AUTHORITY IS THE LARGEST PROVIDER OF AFFORDABLE HOUSING IN THE CITY. THE SAME CHARITABLE CLASS OF INDIVIDUALS IS BEING SERVED BY THE CITY OF YONKERS, AS THEY BOTH SERVE THE RESIDENTS OF THE CITY. |
| PART IV, SECTION D, LINE 3: | THREE MEMBERS OF THE BOARD SHALL BE MHACY-AFFILIATED, EITHER AS AN EMPLOYEE OR A MHACY COMMISSIONER. ALL "MHACY" AFFILIATED MEMBERS SHALL BE APPOINTED BY THE MAYOR OF THE CITY OF YONKERS. AS BOARD MEMBERS OF THE ORGANIZATION THEY HAVE THE POWER TO CREATE THE ORGANIZATION'S INVESTMENT POLICIES AS WELL AS DIRECT THE USE OF THE ORGANIZATION'S INCOME AND ASSETS AT ANY POINT DURING THE YEAR. |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| BRIDGE LOAN RECEIVABLE | $4,867,867 | C |
| INVESTMENTS IN HOUSING ENTITIES | $360,716 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $5,228,583 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO RELATED PARTY | Desc |
| Amt | $28,177 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $28,177 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,848,642 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$1,664 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$1,664 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,850,306 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $7,850,306 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,320,950 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,320,950 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,320,950 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE CONSOLIDATED FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO DECEMBER 31, 2021. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| YONKERS ARTS | ||||||||
| 540 NEPPERHAN AVENUE | YONKERS | NY | 10701 | 800229446 | 501(C)(3) | $26,000 | $0 | PROMOTE ART BY LOW INCOME COMMUNITY RESIDENTS |
| GROUNDWORK HUDSON VALLEY INC | ||||||||
| 22 MAIN STREET 2ND FLOOR | YONKERS | NY | 10710 | 113579493 | 501(C)(3) | $6,946 | $0 | SUPPORT THE REHABILITATITON OF THE PREMISES |
| MUNICIPAL HOUSING AUTHORITY OF THE CITY OF YONKERS | ||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 136007014 | GOVERNMENT | $435,090 | $0 | GREEN INNOVATION GRANT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS AND SELECTION CRITERIA USED TO AWARD GRANTS. MULFORD OPERATES ON A REIMBURSEMENT BASIS AND REQUESTS REIMBURSEMENT REQUESTS BE SUPPORTED BY PROPER SUPPORTING DOCUMENTATION AS NECESSARY. OPERATING ON AN REIMBURSEMENT BASIS ALLOWS MULFORD TO REVIEW INVOICES AND SUPPORTING DOCUMENTATION TO ENSURE ANY FUNDS BEING REQUESTED ARE APPROPRIATE AND ALLOWABLE. IF IT IS DETERMINED THE REQUEST IS NOT APPROPRIATELY DOCUMENTED OR THE REQUEST INCUDES EXPENSES THAT ARE NOT ALLOWABLE, THE INVOICE IS REJECTED AND THE GRANTEE IS REQUESTED TO REVISE AND RESUBMIT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILSON KIMBALL | ||||||||||||||
| PRESIDENT & CEO | $0 | $208,566 | $0 | $23,055 | $0 | $63,636 | $0 | $0 | $0 | $5,139 | $0 | $300,396 | $0 | $0 |
| CARLOS LABOY-DIAZ | ||||||||||||||
| VICE PRESIDENT | $0 | $241,172 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $43,606 | $0 | $284,778 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FRESNEL GROUP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | OWNED BY THE WIFE OF THE CORPORATION'S SECRETARY | RelationshipDescriptionTxt |
| Transaction | $432,546 | TransactionAmt |
| Transaction | BUILDING CONSULTANT | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, LINE 1: | CPG PHASE VI GP, LLC IS 50% OWNED BY THE TAX-EXEMPT ENTITY, THE MULFORD CORPORATION AS SUCH, CPG PHASE VI GP, LLC IS CONSIDERED A TAX-EXEMPT CONTROLLED ENTITY AS DEFINED IN CODE SECTION 168(H)(6)(F)(II). CPG PHASE VI GP LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAX-EXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX-EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE TAX YEARS. IT IS A BINDING AND IRREVOCABLE ELECTION. |
| FORM 990, LINE 1: | LA MORA MM, LLC IS 100% OWNED BY THE TAX EXEMPT ENTITY, THE MULFORD CORPORATION AS SUCH, LA MORA MM, LLC IS CONSIDERED A TAX-EXEMPT CONTROLLED ENTITY AS DEFINED IN CODE SECTION 168(H)(6)(F)(II). LA MORA MM, LLC HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (H)(6)(F)(II), TO HAVE ITS TAX-EXEMPT SHAREHOLDER TREAT AS UNRELATED BUSINESS TAXABLE INCOME (UNDER CODE SECTION 511) ANY DIVIDENDS, INTEREST OR GAIN FROM A SALE OF STOCK WITH RESPECT TO THIS CONTROLLED ENTITY. THIS ENTITLES THIS TAX-EXEMPT CONTROLLED ENTITY, TO NOT BE TREATED AS A TAX-EXEMPT ENTITY. THIS ELECTION IS EFFECTIVE FOR THIS TAX YEAR AND ALL FUTURE TAX YEARS. IT IS A BINDING AND IRREVOCABLE ELECTION. |
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION HAS A MANAGEMENT AGREEMENT FOR CERTAIN ADMINISTRATIVE AND CONSULTING SERVICES WITH THE FRESNEL GROUP. THE FRESNEL GROUP SHALL PROVIDE FINANCIAL, ADMINISTRATIVE, AND PROGRAM AND DEVELOPMENT MANAGEMENT SERVICES TO ASSIST THE ORGANIZATION IN THE IMPLEMENTATION AND MANAGEMENT OF ITS RENTAL ASSISTANCE PROGRAMS. THERE ARE NO INDIVIDUALS REPORTED IN PART VII, SECTION A, WHO ARE COMPENSATED FOR SERVICES PROVIDED TO THE FILING ORGANIZATION AND RELATED ORGANIZATIONS DURING THE YEAR. THE FRESNEL GROUP WAS PAID $432,546 FOR THESE SERVICES IN 2024. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION HAS AMENDED ITS BY-LAWS DURING 2024 IN ADD THE POSITIONS OF VICE PRESIDENT AND SECRETARY AS OFFICERS OF THE CORPORATION. THE ROLES AND RESPONSIBILITIES OF THESE TWO POSITIONS INCLUDE THE FOLLOWING: 1. THE VICE PRESIDENT SHALL ATTEND THE MEETINGS OF THE BOARD AND SHALL WORK IN CLOSE COOPERATION WITH THE PRESIDENT TO DEVELOP AND IMPLEMENT THE CORPORATION'S MISSION AND STRATEGIC GOALS. THE VICE PRESIDENT MAY ACT IN THE PLACE OF THE PRESIDENT DURING HIS/HE ABSENCE OR INABILITY TO ACT. THE VICE PRESIDENT MAY EXECUTE ANY DOCUMENTS AUTHORIZED BY THE BOARD OF DIRECTORS AND BY DESIGNATION OF THE PRESIDENT. 2. THE SECRETARY SHALL ATTEND MEETINGS OF THE BOARD AND RECORD ITS PROCEEDINGS. HE OR SHE AND/OR HIS/HER DESIGNEE MAY GIVE, OR CAUSE TO BE GIVEN, NOTICE OF ALL MEETINGS OF DIRECTORS OF THE CORPORATION. THE SECRETARY SHALL KEEP THE RECORDS OF ALL MEETINGS OF THE BOARD AND COMMITTEES THEREOF. THE SECRETARY MAY CERTIFY ALL VOTES, RESOLUTIONS, AND ACTIONS OF THE BOARD, AND COMMITTEES OF THE BOARD, AND MAY ATTEST ALL DOCUMENTS EXECUTED ON BEHALF OF THE CORPORATION. THE SECRETARY MAY EXECUTE ANY DOCUMENTS AUTHORIZED BY THE BOARD OF DIRECTORS AND BY DESIGNATION OF THE PRESIDENT. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL "MHACY" AFFILIATED MEMBERS SHALL BE APPOINTED BY THE MAYOR OF THE CITY OF YONKERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION 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, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO MANAGEMENT FOR APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, PRINCIPAL OFFICERS, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. AFTER DISLCOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMITTEE SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE GOVERNING BOARD OR COMMITTEE SHALL REVIEW THE CONFLICT OF INTEREST AND DETERMINE BY MAJORITY VOTE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. |
| 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 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PALISADES PROPERTY MANAGEMENT LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 23 MULBERRY STREET | AddressLine1Txt |
| City | YONKERS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10710 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 990783740 | EIN |
| Primary Activities | MANAGEMENT COMPANY | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Total Income | $27,805 | TotalIncomeAmt |
| End Of Year Assets | $91,558 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MULFORD CORPORATION | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| CITY OF YONKERS | |||||||||
| 40 SOUTH BROADWAY | YONKERS | NY | 10701 | 136007340 | GOVERNMENT AGENCY | NY | SECTION 115 | N/A | 0 |
| MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS | |||||||||
| 1511 CENTRAL PARK AVE | YONKERS | NY | 10710 | 136007014 | GOVERNMENT AGENCY | NY | SECTION 115 | N/A | 0 |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SEVEN TOWNHOMES LP | |||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 821629000 | HOUSING | NY | MHACY TOWNHOMES GP LLC | RELATED | 0 | 0 | 0.00010 |
| TROY KRISTENSEN LP | |||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 301143913 | HOUSING | NY | TROY KRISTENSEN GP LLC | RELATED | 0 | 0 | 0.00010 |
| GRANT PARK II LP | |||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 453910214 | HOUSING | NY | ASHBURTON SERVICES HOUSING INC | RELATED | 0 | 0 | 0.00010 |
| 188 WARBURTON DEVELOPERS LLC | |||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 464746731 | HOUSING | NY | ASHBURTON SERVICES HOUSING INC | RELATED | 0 | 0 | 0.30000 |
| PS 6 GP LLC | |||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 452506925 | HOUSING | NY | ASHBURTON SERVICES HOUSING INC | RELATED | 0 | 0 | 0.00050 |
| CALCAGNO PRESERVATION PARTNERS LLC | |||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 833330667 | HOUSING | NY | THE MULFORD CORPORATION | RELATED | 0 | Yes (1) | 0.00100 |
| LA MORA LLC | |||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 822293023 | HOUSING | NY | LA MORA MM LLC | RELATED | 0 | 0 | 0.00100 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TROY KRISTENSEN GP LLC | ||||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 831983188 | HOUSING | NY | MULFORD CORPORATION | C | $6 | $367,246 | 1.00000 | Yes (1) |
| ASHBURTON SENIOR HOUSING INC | ||||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 271751408 | HOUSING | NY | MULFORD CORPORATION | C | $1 | $2,947 | 1.00000 | Yes (1) |
| MULFORD YONKERS PRESERVATION LLC | ||||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 823602130 | HOUSING | NY | MULFORD CORPORATION | C | $5 | 1.00000 | Yes (1) | |
| MHACY TOWNHOMES GP LLC | ||||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 821628914 | HOUSING | NY | MULFORD CORPORATION | C | $8 | 1.00000 | Yes (1) | |
| LA MORA MM LLC | ||||||||||||
| 1511 CENTRAL PARK AVENUE | YONKERS | NY | 10710 | 822327169 | HOUSING | NY | MULFORD CORPORATION | C | 1.00000 | 0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |