ARLINGTON APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: ARLINGTON APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION (EIN 11-3166122)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-09-06
IRS object ID: 201312499349300216
Schema version: 2012v2.2
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 D
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-09-06T09:54:29-00:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Tyrone Anthony Sellers CPA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	11503 Farmers Blvd	AddressLine1
City	St Albans	City
State	NY	State
ZIP Code	11412	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	113166122	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	ARLINGTON APARTMENTS HDFC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	ARLI	NameControl
Phone	7186472800	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	625 JAMAICA AVENUE	AddressLine1
City	BROOKLYN	City
State	NY	State
ZIP Code	11208	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MICHELLE D NEUGEBAUER	Name
Title	CEO	Title
Date Signed	2013-08-23	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Tyrone Sellers	Name
Phone	7183418770	Phone
Date Prepared	2013-08-23	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Name Of Principal Officer Business NameOfPrincipalOfficerBusiness

Field	Value	IRS element (for citing)
Business Name Line1	MICHELLE NEUGEBAUER	BusinessNameLine1

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	625 JAMAICA AVENUE	AddressLine1
City	BROOKLYN	City
State	NY	State
ZIP Code	11208	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	180673	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1993	YearFormation
State Legal Domicile	NY	StateLegalDomicile
Activity Or Mission Description	MAINTAIN A RESIDENTIAL HOUSING BUILDING FOR RENT TO PERSONS OF LOW INCOME.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	184703	ProgramServiceRevenuePriorYear
Program Service Revenue CY	180621	ProgramServiceRevenueCY
Investment Income Prior Year	747	InvestmentIncomePriorYear
Investment Income Current Year	52	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	185450	TotalRevenuePriorYear
Total Revenue Current Year	180673	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	252751	OtherExpensePriorYear
Other Expenses Current Year	268816	OtherExpensesCurrentYear
Total Expenses Prior Year	252751	TotalExpensesPriorYear
Total Expenses Current Year	268816	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-67301	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-88143	RevenuesLessExpensesCY
Total Assets BOY	1378223	TotalAssetsBOY
Total Assets EOY	1301192	TotalAssetsEOY
Total Liabilities BOY	889720	TotalLiabilitiesBOY
Total Liabilities EOY	900832	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	488503	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	400360	NetAssetsOrFundBalancesEOY
Mission Description	TO PROVIDE AFFORTABLE HOUSING TO PERSONS OF LOW INCOME IN BROOKLYN, NEW YORK.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	268816	Expense
Revenue	180673	Revenue
Description	PROVIDING 21 UNITS OF RESIDENTAL APARTMENTS FOR PERSONS OF LOW INCOME	Description
Total Program Service Expense	268816	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	NY	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	ARLINGTON APARTMENTS HOUSING DEVELOPMENT	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	7186472800	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	625 JAMAICA AVE	AddressLine1
City	BROOKLYN	City
State	NY	State
ZIP Code	11208	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
JOSE NIEVES
PRESIDENT	001.00	001.00	X	X	0	0	0
SYLVIA STOVALL
VICE PRESIDENT	001.00	001.00	X	X	0	0	0
HAROLD GREEN
TREASURER	001.00	001.00	X	X	0	0	0
MIRIAN RODRIGUEZ
MEMBER	000.50	000.50	X		0	0	0
JEAN M REYNOLDS
COO	002.00	040.00	X	X	0	0	0
MICHELLE D NEUGEBAUER
CEO	002.00	040.00	X	X	0	0	0
ALEXIS LUGO-SANCHEZ
MEMBER	000.50	000.50	X		0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	LOW INCOME HOUSING RENTAL INCOME	Description
Business Code	531110	BusinessCode
Total Revenue Column	180621	TotalRevenueColumn
Related Or Exempt Function Income	180621	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	180621	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	52	TotalRevenueColumn
Exclusion	$52	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	180673	TotalRevenueColumn
Related Or Exempt Function Income	180621	RelatedOrExemptFunctionIncome
Exclusion	$52	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	0	Total

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	0	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	0	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	0	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	15560	Total
Program Services	15560	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	2490	Total
Program Services	2490	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	3500	Total
Program Services	3500	ProgramServices

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Fees For Services Prof Fundraising		FeesForServicesProfFundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	714	Total
Program Services	714	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	0	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	0	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	42290	Total
Program Services	42290	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	50771	Total
Program Services	50771	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	3970	Total
Program Services	3970	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
MAINTENANCE AND REPAIR	43807	43807
REAL ESTATE TAX	31775	31775
UTILITIES	51327	51327
BAD DEBT	19185	19185

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	3427	Total
Program Services	3427	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	268816	Total
Program Services	268816	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	7205	BOY
EOY	5579	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	49714	BOY
EOY	25408	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	9560	BOY
EOY	1927	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	2042124	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	787382	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1203902	BOY
EOY	1254742	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	1111	BOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	106731	BOY
EOY	13536	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1378223	BOY
EOY	1301192	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	35216	BOY
EOY	45915	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	377259	BOY
EOY	345827	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	477245	BOY
EOY	509090	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	889720	BOY
EOY	900832	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-737566	BOY
EOY	-825709	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1226069	BOY
EOY	1226069	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	488503	BOY
EOY	400360	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1378223	BOY
EOY	1301192	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-88143	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2
Public Support Total170	0	PublicSupportTotal170
Public Support Pertcentage170	0.00000	PublicSupportPertcentage170

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	186414	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	183862	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	175449	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	184703	CurrentTaxYearMinus1Year
Current Tax Year	180621	CurrentTaxYear
Total	911049	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	186414	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	183862	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	175449	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	184703	CurrentTaxYearMinus1Year
Current Tax Year	180621	CurrentTaxYear
Total	911049	Total

Field	Value	IRS element (for citing)
Public Support Total509	911049	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	2090	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1183	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	808	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	747	CurrentTaxYearMinus1Year
Current Tax Year	52	CurrentTaxYear
Total	4880	Total

Post1975 UBTI Post1975UBTI

Field	Value	IRS element (for citing)
Total	0	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	2090	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1183	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	808	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	747	CurrentTaxYearMinus1Year
Current Tax Year	52	CurrentTaxYear
Total	4880	Total

Net Income From Other UBI NetIncomeFromOtherUBI

Field	Value	IRS element (for citing)
Total	0	Total

Other Income509 OtherIncome509

Field	Value	IRS element (for citing)
Total	0	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	188504	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	185045	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	176257	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	185450	CurrentTaxYearMinus1Year
Current Tax Year	180673	CurrentTaxYear
Total	915929	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.99470	PublicSupportPercentage509
Prior Year Support Percentage	0.98910	PriorYearSupportPercentage
Investment Income Percentage	0.00530	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.01090	PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Included On FS	false	IncludedOnFS

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	26400	OtherCostOrOtherBasis
Book Value	26400	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1951554	OtherCostOrOtherBasis
Depreciation	761064	Depreciation
Book Value	1190490	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	64170	OtherCostOrOtherBasis
Depreciation	26318	Depreciation
Book Value	37852	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1254742	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (2 entries)

DescriptionDescription
Financial derivatives and other financial products
Closely-held equity interests

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescription	AmountAmount
Federal income taxes
SECURITY DEPOSIT PAYABLE	$6,349
ACCRUED MORTGAGE INTEREST	$490,428
ACCRUED CONSTRUCTION COSTS PAYABLE
DUE TO AFFILIATE	$12,313

Field	Value	IRS element (for citing)
Total Of Amounts	509090	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	180673	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	180673	RevenueSubtotal
Total Revenue Per Form990	180673	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	268816	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	268816	ExpensesSubtotal
Total Expenses Per Form990	268816	TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

ExplanationExplanation
Form 990 Part VI Section A Line 2 LAMONT LAWES BOARD TREASURER AND MICHAEL LAWES BOARD MEMBER ARE BROTHERS.
Form 990 Part VI Section B Line 11A Management reviews the 990 to obtain an understanding of the reporting requirements and to ensure it is accurate and complete. Subsequently, a copy of the draft 990 is provided to the audit committee for review. The audit committee will meet with management to discuss the 990 and resolve any questions that may arise. The draft 990 will then be distributed to the board for review and approval. Upon approval from the board the 990 will be filed.
Form 990 Part VI Section B Line 12C Board members, Officers and Employees report annually if a conflict appears to exist, management and the board will meet with the individual to obtain all facts. Subsequently, a vote will ensure if the matter is indeed a conflict of interest. If it is found to be a conflict of interest, the individual with the conflict of interest must refrain from participating in the deliberation and decision making concerning the matter that gave rise to the conflict.
Form 990 Part VI Section C Line 19 The governing documents, conflict of interest policy and financial statements are available to the public upon request.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	CYPRESS HILLS LOCAL DEVELOPMENT CORP	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	625 JAMAICA AVENUE	AddressLine1
City	BROOKLYN	City
State	NY	State
ZIP Code	11208	ZIPCode

Field	Value	IRS element (for citing)
EIN	112683663	EIN
Primary Activities	HOUSING	PrimaryActivities
Legal Domicile State	NY	LegalDomicileState
Exempt Code Section	501 c 3	ExemptCodeSection
Public Charity Status	7	PublicCharityStatus
Direct Controlling Entity NA	N/A	DirectControllingEntityNA
Controlled Org	false	ControlledOrg

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Dividends Related Organization	false	DividendsRelatedOrganization
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable

Name Of Other Organization NameOfOtherOrganization

Field	Value	IRS element (for citing)
Business Name Line1	CYPRESS HILLS LOCAL DEVELOPMENT CORP	BusinessNameLine1

Field	Value	IRS element (for citing)
Transaction Type	i	TransactionType