2024-09-30T08:48:26-05:00 2024-06-30 231386942 CAMPBELL RAPPOLD & YURASITS LLP 1033 S CEDAR CREST BLVD ALLENTOWN PA 181035443 990 2023-07-01 237431696 ALLENTOWN B'NAI B'RITH HOUSING CORPORATION ALLE 6108210207 1616 W LIBERTY STREET ALLENTOWN PA 18102 ARI FORGOSH PRESIDENT 6108210207 2024-09-25 1 0 TARA L BENDER CPA P00299403 6104357489 2024-09-25 2023 2024-10-15 13:58:12Z ARI FORGOSH 1616 W LIBERTY STREET ALLENTOWN PA 18102 3399775 0 X WWW.ABBHC.COM X 1973 PA TO PROVIDE SUBSIDIZED HOUSING TO THE ELDERLY AND MOBILITY IMPAIRED THROUGH THE U.S. DEPART. OF HUD 10 10 16 10 0 0 0 0 3117841 3246396 21768 27715 119287 120183 3258896 3394294 0 0 0 0 1181388 1203247 0 0 0 1924846 1972576 3106234 3175823 152662 218471 7619235 7622843 8785847 8512643 -1166612 -889800 TO PROVIDE SUBSIDIZED HOUSING TO THE ELDERLY AND MOBILITY IMPAIRED THROUGH SECTION 8 HOUSING ASSISTANCE PAYMENTS AND SECTION 207/223(F) MORTGAGE INSURANCE PROGRAMS 0 0 2694811 3246396 PROVIDE SUBSIDIZED HOUSING TO THE ELDERLY AND MOBILITY IMPAIRED THROUGH US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 2694811 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ROBERT SIPOS 6108210207 1616 LIBERTY STREET ALLENTOWN PA 18102 ARI FORGOSH PRESIDENT 2.00 X X 0 0 0 MAXINE KLEIN TREASURER 2.00 X X 0 0 0 BARBRA BUTZ SECRETARY 2.00 X X 0 0 0 ALISON POST VICE PRESIDENT 1.00 X X 0 0 0 NEIL FORGOSH BOARD MEMBER 3.00 X 0 0 0 MARJORIE FORGOSH BOARD MEMBER 1.00 X 0 0 0 TRACY GROB BOARD MEMBER 1.00 X 0 0 0 MARLA MELMAN BOARD MEMBER 1.00 X 0 0 0 ZAC COHEN BOARD MEMBER 1.00 X 0 0 0 ELLEN SOSIS BOARD MEMBER 1.00 X 0 0 0 ROBERT SIPOS ADMINISTRATOR 20.00 X 41639 0 12582 SANDRA SAENZ - UNTIL 72024 MANAGER 40.00 X 51190 0 28031 PRISCILLA RIVERA - EFFECTIVE 92023 MANAGER 40.00 X 31015 0 2758 123844 0 43371 0 0 0 0 0 LOW INCOME RENTALS 531110 3246396 3246396 3246396 33196 33196 5481 -5481 -5481 -5481 TENANT CHARGES- CABLE 900099 97618 97618 LAUNDRY AND VENDING 900099 21735 21735 MISCELLANEOUS OTHER 900099 830 830 120183 3394294 3246396 0 147898 154461 154461 734940 523174 211766 43942 43942 210113 210113 59791 59791 10000 10000 22268 22268 594 594 74086 74086 1461928 1461928 395863 395863 MISCELLANEOUS ADMIN 7837 7837 3175823 2694811 481012 0 113969 300854 1057613 1156766 51090 49564 23111994 17666111 5801437 5445883 560415 634108 34711 35668 7619235 7622843 97778 41371 8649219 8410579 38850 60693 8785847 8512643 X -1166612 -889800 -1166612 -889800 7619235 7622843 218471 58341 0 X 0 1 X 0 1 1 X 1859764 1886711 1941635 1992709 2033601 9714420 1859764 1886711 1941635 1992709 2033601 9714420 9714420 1199635 1313465 1176235 1272600 1399387 6361322 16075742 0.60430 0.60900 X 20925709 15946873 4978836 893394 762205 131189 1292891 957033 335858 5445883 MUTUAL FUNDS - INTERNATIONAL BOND 52589 F MUTUAL FUNDS - INTERNATIONAL STOCK 66263 F MUTUAL FUNDS - BOND MARKET INDEX 198559 F MUTUAL FUNDS - STOCK MARKET INDEX 316697 F 634108 TENANT SECURITY DEPOSITS 35100 KEY DEPOSITS 4482 ACCRUED INTEREST PAYABLE 21111 60693 X 3452635 58341 58341 3394294 0 3394294 3175823 0 3175823 0 3175823 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE. UNCERTAIN TAX POSITIONS ARE EVALUATED IN ACCORDANCE WITH FASB ASC 740-10. FASB ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. FASB ASC 740-10 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. THE ORGANIZATION HAS NO MATERIAL UNRECOGNIZED TAX BENEFITS OR ACCRUED INTEREST OR PENALTIES. THE ORGANIZATION HAS FILED INCOME TAX RETURNS IN THE UNITED STATES. THE YEARS ENDING JUNE 30, 2021, 2022, 2023 AND 2024 ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. FORM 990, PART VI, SECTION A, LINE 2 MARJORIE FORGOSH AND NEIL FORGOSH ARE MARRIED INDIVIDUALS. BOTH INDIVIDUALS ARE MEMBERS OF THE BOARD OF DIRECTORS. ARI FORGOSH IS THE BOARD PRESIDENT AND IS MARJORIE AND NEIL'S SON. MAXINE KLEIN, TREASURER, IS RELATED TO BARBRA BUTZ, SECRETARY. BARBRA IS MAXINE'S DAUGHTER. FORM 990, PART VI, SECTION B, LINE 11B THE 990 FORM WAS PROVIDED TO THE BOARD MEMBERS IN DRAFT FORM AND THE MEMBERS WERE GIVEN THE OPPORTUNITY TO REVIEW AND COMMENT ON THE FORM PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT, SPECIFICALLY THE ADMINISTRATOR, MONITORS FOR ANY CONFLICTS. ALL BOARD MEMBERS ARE REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENTS ANNUALLY. IF ANY BUSINESS TRANSACTION IS PROPOSED THAT WOULD BE A CONFLICT OF INTEREST, THE ADMINISTRATOR BRINGS IT TO ATTENTION AND REMINDS THE INDIVIDUAL AND/OR BOARD THAT IT WOULD BE A CONFLICT AND IS THEREFORE NOT PERMITTED. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION ADOPTED A PROCEDURE FOR ESTABLISHING EXECUTIVE COMPENSATION. IT IS THE INTENT OF THE BOARD TO ESTABLISH SALARY LEVELS THAT NOT ONLY FAIRLY COMPENSATE STAFF MEMBERS, BUT ALSO KEEP THE SALARY RANGES AT COMPETITIVE LEVELS TO ALLOW THE PROJECT TO ATTRACT THE BEST APPLICANTS WHEN THERE IS A NEED TO HIRE NEW STAFF. SALARY INCREASES FOR THE PROJECT ADMINISTRATOR AND EACH STAFF MEMBER ARE ESTABLISHED USING THE FOLLOWING GUIDELINES: PERFORMANCE REVIEWS ARE GIVEN FOR EACH STAFF MEMBER. THE PROJECT ADMINISTRATOR PREPARES INFORMATION RELEVANT TO COMPENSATION SUCH AS SALARY REPORTS FROM THE PA DEPT OF LABOR AND INDUSTRY, LOCAL AND NATIONAL COMPARISONS TO STAFF COMPENSATION FOR SIMILAR OPERATIONS, COST OF LIVING INFORMATION AVAILABLE FOR THE AREA, AND BUDGET CONSIDERATIONS. THE BUDGET IS SUBJECT TO HUD RESTRICTIONS. ALL OF THE INFORMATION IS PRESENTED TO THE BOARD PRESIDENT AND THE HOUSE COMMITTEE WHICH REVIEWS AND THEN REPORTS THEIR FINDINGS AND RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE BOARD THEN MAKES A FINAL DECISION ON COMPENSATION FOR ALL STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. DOCUMENTS ARE ABLE TO BE OBTAINED IN THE BUSINESS OFFICE.