YONKERS FINANCIAL CORP
SC 13D/A, 1999-12-03
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                       SECURlTIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 SCHEDULE 13D

                  Under the Securities and Exchange Act of 1934
                               (Amendment No. 4)*

                              Yonkers Financial Corporation
- -------------------------------------------------------------------------------

                                  Common Stock
- -------------------------------------------------------------------------------
                                   0-27716

 -----------------------------------------------------------------------------
                                 (CUSIP Number)
Lawrence B. Seidman, 100 Misty Lane, Parsippany, NJ 07054,
                            (973) 560-1400, Ext.108

- -------------------------------------------------------------------------------
                 (Name, Address and Telephone Number of Person
              Authorized to Receive Notices and Communications)
                               December 3, 1999
- ----------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)

If the filing person has previously  filed a statement on Schedule 13G to report
the  acquisition  which is the subject of this  Schedule 13D, and is filing this
schedule because of Rule 13d-l(b)(3) or (4), check the following box .

Check the  following  box if a fee is being paid with the  statement . (A fee is
not required only if the reporting person:  (I) has a previous statement on file
reporting  beneficial  ownership  of more  than  five  percent  of the  class of
securities described in Item l; and (2) has hled no amendment subsequent thereto
reporting  beneficial ownership of hve percent or less of such class.) (See Rule
13d-7.)

Note: Six copies of this statement,  including all exhibits,  should be filed
with the  Commission.  See Rule 13d-l(a) for other parties to whom
copies are to be sent.

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subjcct  to all other  provisions  of the Act  (however,  see the
Notes).


<PAGE>


CUSIP NO. 0-27716
 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

1 Seidman Investment Partnership, L.P. 22-3360395
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) /X/
                                   (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC O----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)                                         / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
- --------------------------------------------------------------------------------

                           7  SOLE VOTING POWER
NUMBER OF                                   26,900
                  --------------------------------------------------------------
SHARES

BENFICIALLY                8  SHARED VOTING POWER

                  --------------------------------------------------------------
OWNED BY
                           9 SOLE DISPOSITIVE POWER
                                            26,900

WITH                       10 SHARED DISPOSITIVE POWER

                  --------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON                     26,900
                  --------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*                                                        / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   1.138
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
       (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
                                  SCHEDULE 13D
<PAGE>



CUSIP NO. 0-27716
 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

1 Federal Holdings, L.L.C. SS# 13-3838083
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) /X/
                                   (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)                                         / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------

                           7  SOLE VOTING POWER
NUMBER OF                                   31,700
                  --------------------------------------------------------------
SHARES

BENFICIALLY                8  SHARED VOTING POWER

                  --------------------------------------------------------------
OWNED BY
                           9 SOLE DISPOSITIVE POWER
                                            31,700

WITH                       10 SHARED DISPOSITIVE POWER

                  --------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON                     31,700
                  --------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*                                                        / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   1.341
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* OO
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
       (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
                                  SCHEDULE 13D
<PAGE>






The  statement on Schedule  13D which was filed May 3, 1999,  Amendment #1 which
was filed on July 21, 1999,  Amendment #2 which was filed on October 5, 1999,and
Amendment #3 which was filed on November 1, 1999, on behalf on behalf of Seidman
and Associates,  L.L.C.  ("SAL"),  Seidman and Associates II, L.L.C.  ("SALII"),
Seidman Investment Partnership,  LP ("SIP"),  Seidman Investment Partnership II,
LP ("SIPII") Federal Holdings L.L.C.  ("Federal"),  Kerrimatt, LP ("Kerrimatt"),
Dennis Pollack  ("Pollack") and Lawrence B. Seidman  ("Seidman")  (collectively,
the  "Reporting  Persons")  with respect to the  Reporting  Persons'  beneficial
ownership  of  shares of Common  Stock  (the  "Shares"),  of  Yonkers  Financial
Corporation,  a Delaware  Corporation  (the  "Issuer") is hereby  amended as set
forth below:  Such Statement on Schedule 13D is  hereinafter  referred to as the
"Schedule  13D".  Terms used herein  which are defined in the Schedule 13D shall
have their respective meanings set forth in the Schedule 13D.

4.  Purpose of Transaction

On December 2, 1999,  the Securities & Exchange  Commission  cleared for mailing
the Proxy statement for the Yonkers Financial  Corporation Committee to Preserve
Shareholder  Value. It is anticipated that the Proxy Statement will be mailed on
or about December 6, 1999.

5. Interest in the Securities of the Issuer

(a)(b)(c) As of the close of business on Deacember 3, 1999 the Reporting Persons
owned  beneficially  an  aggregate  of  201,800  shares of Common  Stock,  which
constituted  approximately  8.537%  of the  2,363,739  shares  of  Common  Stock
outstanding, as disclosed in the Issuer's news release dated September 17, 1999.

The schedule below  describes  transactions  in the Common Stock effected by the
Reporting Persons from October 30, 1999 to December 3, 1999. Except as set forth
in this Item 5, none of the Reporting  Persons owns  beneficially or has a right
to acquire beneficial  ownership of any Common Stock, and except as set forth in
this Item 5, none of the Reporting  Persons has effected  transactions that have
not been  previously  reported  in the Common  Stock  during the past sixty (60)
days.

                 No of                        Total
  Trade Date     Shares       Price       Cost/(Proceeds)        Entity
- --------------- ----------- ------------ --------------------- -----------
112299          2,500       17.63         44,843.75              SIP
- --------------- ----------- ------------ --------------------- -----------
- -------------- ----------- ------------ --------------------- -----------
113099          2,000       17.93         35,875.00              SIP
- --------------- ----------- ------------ --------------------- -----------
113099          2,000       17.93         35,875.00              FEDERAL
- --------------- ----------- ------------ --------------------- -----------
- --------------- ----------- ------------ --------------------- -----------

TOTAL           7,500                    161,437.50


<PAGE>

After  reasonable  inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.


                  December 3, 1999
                                                   ----------------------------
                  Date                             Lawrence B. Seidman, Power of
                                                   Attorney Pursuant to Joint
                                                   Filing Statements Dated
                                                   February 26, 1999 &
                                                   September 30, 1999.





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