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Securities and Exchange Commission
Washington, D.C. 20549
Amendment No. 2
to
SCHEDULE 13D
Under the Securities Exchange Act of l934
Yonkers Financial Corporation
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
986073104
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Simeon Brinberg (CUSIP Number)
60 Cutter Mill Road, Great Neck, New York 11021 516-466-3100
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
____________________July 2, 1998______________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to
report the acquisition which is the subject of this Schedule l3D, and is filing
this schedule because of Rule l3d-l(e), 13d-1 (f) or 13d-1(g), check the
following box / /.
NOTE: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule l3d-l(a) for other
parties to whom copies are to be sent.
Page 1 of 10 Pages
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Page 2 of 10 Pages
Cusip No. 986073104
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l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gould Investors L.P. - 11-2763164
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2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. SOLE VOTING POWER - 241,300
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 241,300
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH _____________________________________________
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 241,300
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12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.99%
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14. TYPE OF
REPORTING PERSON*
PN
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Page 3 of 10 Pages
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fredric H. Gould Spousal IRA ###-##-####
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2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7. SOLE VOTING POWER - 700
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 700
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH _____________________________________________
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 700
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12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
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14. TYPE OF
REPORTING PERSON*
OO
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Page 4 of 10 Pages
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Gould Family Charitable Foundation of New York -
11-3262391
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2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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7. SOLE VOTING POWER - 2,000*
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 2,000*
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH _____________________________________________
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 2,000*
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12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
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14. TYPE OF
REPORTING PERSON *
OO
* Fredric H. Gould, Helaine Gould (Mr. Gould's spouse), Matthew Gould,
Jeffrey Gould and Wendy Shenfeld (Mr. Gould's children) are Trustees of the
Gould Family Charitable Foundation of New York.
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Page 5 of 10 Pages
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Israel Rosenzweig ###-##-####
Israel Rosenzweig as trustee under Paragraph Fourth
w/o Evelyn Rosenzweig 11-6446510 and Israel Rosenzweig, as
Trustee under Paragraph Second w/o Evelyn Rosenzweig -
11-6446511
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2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7. SOLE VOTING POWER - 4,500*
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 4,500*
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH _____________________________________________
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 4,500*
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12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
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Page 6 of 10 Pages
14. TYPE OF
REPORTING PERSON*
IN
*Israel Rosenzweig is sole trustee of the trusts created under his deceased
spouse's last will and testament for the benefit of Mr. Rosenzweig's children.
Mr. Rosenzweig has sole voting and dispositive power.
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Page 7 of 10 Pages
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stuart S. Gould - ###-##-####
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2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7. SOLE VOTING POWER - 2,000
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 2,000
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH _____________________________________________
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 2,000
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12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
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14. TYPE OF
REPORTING PERSON*
IN
Page 8 of 10 Pages
This amendment further amends and supplements Schedule 13D dated June 11, 1998,
as amended to date. Except as amended by this amendment there has been no change
in the information previously reported on Schedule 13D, as previously amended.
Item 3. Source and Amount of Funds or Other Consideration
As of the date hereof, the Partnership has purchased a total of 241,300 shares
of Common Stock of the Company at an aggregate cost of $4,424,433.85. The funds
used to make these purchases came from the Partnership's working capital. The
Partnership has an availability of approximately $21,000,000 under a margin
account maintained by the Partnership with the Saloman SmithBarney. As of the
date hereof there is approximately $16,000,000 outstanding under this facility.
Item 5. Interest in Securities of the Issuer
(a) The Partnership owns, as of this date, 241,300 shares of Common Stock of the
Company, constituting approximately 7.99% of the shares of Common Stock
outstanding. The Foundation owns, as of this date, 2,000 shares of Common Stock,
the IRA owns, as of this date, 700 shares of Common Stock, Rosenzweig,
individually and as Trustee owns, as of this date, 4,500 shares of Common Stock,
and Stuart owns, as of this date, 2,000 shares of Common Stock. In the
aggregate, the Partnership, the Foundation, the IRA, Rosenzweig and Stuart, who
may be deemed affiliates, own 8.31% of the outstanding shares of Common Stock of
the Company.
(b) The Partnership has sole voting and dispositive power with
respect to the shares of Common Stock it beneficially owns. The Trustees (acting
by a majority of Trustees), have voting and dispositive power with respect to
the shares owned by the Foundation. Gould with respect to the IRA, Rosenzweig,
individually and as Trustee, and Stuart, each have sole voting and dispositive
power with respect to the shares owned by each of them.
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Page 9 of 10 Pages
(c) The following table sets forth transactions in Common Stock of the Company
effected by the Partnership since the filing of Amendment No. 1 to Schedule 13D.
The shares purchased were open market purchases in the over-the-counter market.
Date of Purchase Number of Shares Price per Share
6/24/98 4,000 19.00
6/25/98 1,600 19.375
6/29/98 2,500 19.375
6/30/98 2,000 19.313
7/01/98 6,200 19.25
7/01/98 5,000 19.375
7/02/98 17,500 19.375
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Page 10 of 10 Pages
Signature
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.
Dated: July 7, 1998
THE GOULD FAMILY GOULD INVESTORS L.P.
CHARITABLE FOUNDATION BY GEORGETOWN PARTNERS, INC.
OF NEW YORK MANAGING GENERAL PARTNER
By s/Fredric H. Gould By s/Simeon Brinberg
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Fredric H. Gould Simeon Brinberg
Senior Vice President
By s/Matthew Gould s/Fredric H. Gould
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Matthew Gould Fredric H. Gould Spousal
IRA
By s/Jeffrey Gould
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Jeffrey Gould
s/Israel Rosenzweig
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Israel Rosenzweig,
Individually and as Trustee
s/Stuart S. Gould
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Stuart S. Gould
