2024-10-28T12:06:33-04:00 2023-12-31 112701159 KANDELL FARNWORTH & PUBINS CPA'S PC 727 UNION AVE RIVERHEAD NY 119011912 990 2023-01-01 262845161 SAG HARBOR COMMUNITY HOUSING TRUST INC SAGH 6317250145 PO BOX 143 SAG HARBOR NY 11963 GREGORY N FERRARIS CPA PRESIDENT/TREASURER 6317250145 2024-10-22 true ERIC TEAGUE CPA P01991309 6317225300 2024-10-28 2023 2024-10-15 13:58:12Z GREGORY N FERRARIS CPA 108 MAIN STREET SAG HARBOR NY 11963 106032 false X N/A X 2008 NY THE TRUST IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF CREATING A CUMMUNITY HOUSING TRUST TO THEREFORE ACQUIRE LAND, OWN, CONSTRUCT, REHABILITATE, LEASE, MANAGE, MAINTAIN, DEVELOP, AND OPERATE AFFORDABLE WORKFORCE HOUSING, TO PROVIDE HOWNOWNERS OR PROSPECTIVE PURCHASERS OF HOMES OR PROSPECTIVE TENANTS AND/OR LANDLORDS WITH FINANCIAL ASSISTANCE AND GUIDANCE REGARDING THE PURCHASE, FINANCING, MAINTENANCE, CONSTRUCTION OR RENT THEIR HOMES; TO PROMOTE THE DEVELOPMENT, CONSTRUCTION OR RENTAL, REHABILITATION, MANAGEMENT, MAINTENANCE, AND OPERATION OF AFFORDABLE, QUALITY WORKFORCE HOUSING THAT MEET THE NEEDS OF THE SAG HARBOR COMMUNITY. 2 2 1 0 0 160556 104500 1530 1532 0 162086 106032 0 0 28626 30611 0 0 112415 179821 141041 210432 21045 -104400 3094029 2983054 716989 710414 2377040 2272640 X THE TRUST IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF CREATING A CUMMUNITY HOUSING TRUST TO THEREFORE ACQUIRE LAND, OWN, CONSTRUCT, REHABILITATE, LEASE, MANAGE, MAINTAIN, DEVELOP, AND OPERATE AFFORDABLE WORKFORCE HOUSING, TO PROVIDE HOWNOWNERS OR PROSPECTIVE PURCHASERS OF HOMES OR PROSPECTIVE TENANTS AND/OR LANDLORDS WITH FINANCIAL ASSISTANCE AND GUIDANCE REGARDING THE PURCHASE, FINANCING, MAINTENANCE, CONSTRUCTION OR RENT THEIR HOMES; TO PROMOTE THE DEVELOPMENT, CONSTRUCTION OR RENTAL, REHABILITATION, MANAGEMENT, MAINTENANCE, AND OPERATION OF AFFORDABLE, QUALITY WORKFORCE HOUSING THAT MEET THE NEEDS OF THE SAG HARBOR COMMUNITY. false false 167506 104500 TO ACQUIRE, OWN, LEASE, PLEDGE, MORTGAGE, AND TRANSFER REAL PROPERTY AND TO OWN, CONSTRUCT, REHABILITATE, LEASE, MANAGE, MAINTAIN, DEVELOP, AND OPERATE AFFORDABLE WORKFORCE HOUSING. 40348 TO BORROW FUNDS FROM GOVERNMENT AGENCIES OR PRIVATE LENDERS AND TO SECURE SUCH LOANS WITH PROPERTY OF THE CORPORATION. TO ADVISE AND ASSIST QUALIFIED HOMEBUYERS, TENANTS, OR PURCHASERS OF HOMES AND TO PROVIDE PURCHASERS WITH FINANCIAL ASSISTANCE FOR THE ACQUISTION OR CREATION OF AFFORDABLE HOUSING. 207854 true false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 2 0 true 1 false false false false false false false false false X 2 2 false false false false false false false true true false false true true true true true true false false false NY X GREGORY N FERRARIS CPA 6317250145 108 MAIN STREET SAG HARBOR NY 11963 X GREGORY N FERRARIS CPA PRESIDENT/TR 2.00 X 0 0 0 ED REALE VP/SECRETARY 2.00 X 0 0 0 false false false RENTAL INCOME 531110 104200 104200 LATE FEE 531390 300 300 104500 1532 1532 106032 104500 1532 27900 27900 2711 2711 13854 13854 2480 2480 1499 1499 2328 2328 5677 5677 40348 40348 6328 6328 29045 29045 BAD DEBT TENANT RENT 45550 45550 REPAIRS AND MAINTENANCE 15920 15920 REFUSE 9676 9676 WATER TESTING 4190 4190 2926 2676 250 210432 207854 2578 0 378797 280118 1036877 1038408 23510 2840 7196 7719 1331412 35584 1289508 1295828 358141 358141 3094029 2983054 2979 9321 698896 686034 15114 15059 716989 710414 X 965482 954114 1411558 1318526 2377040 2272640 3094029 2983054 -104400 X true false false false X 204565 288783 217045 160556 104500 975449 204565 288783 217045 160556 104500 975449 975449 3044 3058 2950 1530 1532 12114 3044 3058 2950 1530 1532 12114 207609 291841 219995 162086 106032 987563 0.98770 0.98620 0.01000 0.01000 X 1250000 1250000 81412 35584 45828 1295828 SECURITY DEPOSIT 9350 ACCRUED EXPENSES 5709 15059 FORM 990 - ORGANIZATION'S MISSION THE TRUST IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF CREATING A CUMMUNITY HOUSING TRUST TO THEREFORE ACQUIRE LAND, OWN, CONSTRUCT, REHABILITATE, LEASE, MANAGE, MAINTAIN, DEVELOP, AND OPERATE AFFORDABLE WORKFORCE HOUSING, TO PROVIDE HOWNOWNERS OR PROSPECTIVE PURCHASERS OF HOMES OR PROSPECTIVE TENANTS AND/OR LANDLORDS WITH FINANCIAL ASSISTANCE AND GUIDANCE REGARDING THE PURCHASE, FINANCING, MAINTENANCE, CONSTRUCTION OR RENT THEIR HOMES; TO PROMOTE THE DEVELOPMENT, CONSTRUCTION OR RENTAL, REHABILITATION, MANAGEMENT, MAINTENANCE, AND OPERATION OF AFFORDABLE, QUALITY WORKFORCE HOUSING THAT MEET THE NEEDS OF THE SAG HARBOR COMMUNITY. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT AND OTHER OFFICERS REVIEW AND APPROVE THE TAX RETURN PRIOR TO SIGNING BY COMPARING THE AMOUNTS ON THE TAX RETURN TO THOSE RECORDED IN ITS BOOKS. FORM 990, PAGE 6, PART VI, LINE 12C SAG HARBOR COMMUNITY HOUSING TRUST, INC. MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY ANNUALLY. THE BOARD OF DIRECTORS ANNUALLY SIGN AND SUBMIT TO THE SECRETARY OF THE ORGANIZATION A STATEMENT WHICH AFFIRMS THAT HE OR SHE HAS RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.