2024-11-11T09:19:11-06:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 50 ROCKEFELLER PLAZA NEW YORK NY 10020 990 2023-01-01 133862850 KENMORE HOUSING DEVELOPMENT FUND CORPORATION KENM 2122529377 243 WEST 30TH STREET 2ND FL NEW YORK NY 10001 JAMES M DILL TREASURER 2122529377 2024-10-16 1 0 AMANDA ADAMS P00748038 2126971000 2024-10-16 2023 2024-10-15 13:58:12Z JAMES M DILL 243 WEST 30TH STREET 2ND FL NEW YORK NY 10001 1520285 0 X WWW.HSI-NY.ORG X 1995 NY THE ORGANIZATION OPERATES PERMANENT SUPPORTIVE AND AFFORDABLE HOUSING. 3 1 35 0 0 0 1385333 1520285 0 0 486 0 0 0 1385819 1520285 194623 70705 0 0 1166389 1230123 0 0 0 116879 150763 1477891 1451591 -92072 68694 808110 912213 816635 852044 -8525 60169 X SEE SCHEDULE O. 0 0 1451591 70705 THE ORGANIZATION PROVIDES SOCIAL SERVICES TO THE RESIDENTS OF THE LOW-INCOME SUPPORTIVE HOUSING PROJECT KNOWN AS KENMORE HALL. THE PROJECT HAS 326 EFFICIENCY HOUSING UNITS AND IS SITUATED AT 143-147 EAST 23RD STREET, NY, NY. THE SERVICES ARE FUNDED BY SOCIAL SERVICE CONTRACTS WITH NYC DEPARTMENT OF HOMELESS SERVICES AND NYC HUMAN RESOURCES ADMINISTRATION AND A SUPPORTIVE HOUSING PROGRAM GRANT FROM US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). ALL ADMITTED RESIDENTS ARE SINGLE ADULTS AND ARE REQUIRED TO MEET HUD'S CRITERIA FOR HOMELESSNESS, DISABILITY AND LOW INCOME. 1451591 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 2 0 1 35 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X MARK SHAPIRO 2122529377 243 WEST 30TH STREET 2ND FL NEW YORK NY 10001 JAMES M DILL TRUSTEE/EXECUTIVE DIRECTOR 2.50 32.50 X X 0 172990 21550 MOLLY MATTIMORE TRUSTEE/SECRETARY/DEP EXC DIRECTOR 2.50 32.50 X X 0 177244 9936 MARY HARDIN TRUSTEE/CHAIR 1.00 3.00 X 0 0 0 MARK SHAPIRO CHIEF FINANCIAL OFFICER 2.50 32.50 X 0 134808 18408 KRISTI CILENTI DIRECTOR OF PROGRAMS 15.50 19.50 X 0 153520 25681 DAN DANAHER DIRECTOR OF OPERATIONS 18.00 17.00 X 0 150558 4935 ALMIR LALICIC DIRECTOR OF PROPERTY MANAGEMENT 18.00 17.00 X 0 118707 24743 RALPH GARCIA SECURITY DIRECTOR 18.00 17.00 X 0 132570 3156 0 1040397 108409 0 0 1 0 0 1519485 800 1520285 1520285 0 0 0 70705 70705 1055049 1055049 45889 45889 129185 129185 26039 26039 13939 13939 1305 1305 3673 3673 11019 11019 11333 11333 23683 23683 SOCIAL SERVICE EXPENSES 36845 36845 BAD DEBT 20047 20047 DUES & SUBSCRIPTONS 2880 2880 1451591 1451591 0 0 26559 35817 28174 100426 289482 300919 18927 30025 48100 48100 0 0 400000 400000 44968 45026 808110 912213 99648 106652 113125 236375 603862 509017 816635 852044 X -8525 60169 -8525 60169 808110 912213 68694 0 X 0 1 X 1 1 1 X 1261212 1265482 1344034 1385333 1520285 6776346 1261212 1265482 1344034 1385333 1520285 6776346 6776346 110 486 0 596 23632 5489 4680 33801 6810743 0.99490 0.99480 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC INCOME - 2019 AMOUNT: $ 23,632. 2020 AMOUNT: $ 5,489. 2021 AMOUNT: $ 4,680. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48100 48100 0 0 INVESTMENT IN KENMORE HOUSING CORPORATION 400000 C 400000 DUE TO KENMORE ASSOCIATES, LP (NON-INTEREST BEARING) 198391 DUE TO HOUSING SERVICES INC. (NON-INTEREST BEARING) 310626 509017 X PART X, LINE 2: THE HSI GROUP FOLLOWS ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE HSI GROUP MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. AS OF DECEMBER 31, 2023 AND 2022, THE HSI GROUP HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE HSI GROUP HAD NO INTEREST OR PENALTIES RELATED TO INCOME TAXES. 1 RENT ASSISTANCE 20 70705 BOOK THE ORGANIZATION'S NYC HUMAN RESOURCES ADMINISTRATION/HIV/AIDS SOURCES ADMINISTRATION (HDSA) CONTRACT FUNDS SOCIAL SERVICES AND PROVIDES RENTAL SUBSIDIES FOR HASA REFERRALS TO KENMORE HALL. THE CONTRACT FUNDS 20 HOUSING UNITS. KENMORE HALL'S LANDLORD ENTITY IS KENMORE ASSOCIATES LP, A RELATED ORGANIZATION. KENMORE ASSOCIATES LP BILLS THE ORGANIZATION FOR ITS PROPORTIONATE SHARE OF OPERATING COSTS (20/326). THE ACTUAL NUMBER OF ANNUAL RECIPIENTS MAY BE LOWER THAN 20 DUE TO VACANT UNITS OR HIGHER IF A VACATED UNIT IS SUBSEQUENTLY OCCUPIED BY A NEW TENANT WITHINT THE SAME CALENDAR YEAR. PART I, LINE 2: THE CONTRACT REQUIRES THE CASE MANAGERS MUST MAKE AT LEAST ONE HOME VISIT A MONTH TO THE LEASED APARTMENT AND THE CLIENT MUST MAKE ONE OFFICE VISIT EACH MONTH. 0 0 0 0 0 0 0 0 0 JAMES M DILL TRUSTEE/EXECUTIVE DIRECTOR 0 172990 0 0 0 0 0 0 0 21550 0 194540 0 0 MOLLY MATTIMORE TRUSTEE/SECRETARY/DEP EXC DIRECTOR 0 177244 0 0 0 0 0 943 0 8993 0 187180 0 0 KRISTI CILENTI DIRECTOR OF PROGRAMS 0 148717 0 4803 0 0 0 854 0 24827 0 179201 0 0 DAN DANAHER DIRECTOR OF OPERATIONS 0 146039 0 4519 0 0 0 1800 0 3135 0 155493 0 0 MARK SHAPIRO CHIEF FINANCIAL OFFICER 0 130576 0 4232 0 0 0 780 0 17628 0 153216 0 0 FORM 990, PART III, LINE 1: THE ORGANIZATION WORKS TOWARD ENDING CHRONIC HOMELESSNESS, PREVENTING HOMELESSNESS FOR PERSONS THREATENED WITH DISPLACEMENT AND IMPROVING HOUSING CONDITIONS FOR THE MARGINALIZED THROUGH THE OPERATION AND DEVELOPMENT OF PERMANENT SUPPORTIVE AND AFFORDABLE HOUSING. THE ORGANIZATION HELPS ITS CLIENTS ACHIEVE THEIR FULLEST POTENTIAL FOR HOUSING SELF-SUFFICIENCY BY REALISTICALLY ASSESSING THEIR INDIVIDUAL NEEDS AND BUILDING RESPECTFUL AND CARING SUPPORTIVE COMMUNITIES TO OVERCOME BARRIERS TO THEIR SUCCESS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO SUBMISSION, THE ORGANIZATION'S EXECUTIVE DIRECTOR/TREASURER REVIEWED THE DRAFT RETURN IN DETAIL WITH THE RETURN'S PREPARER AND CIRCULATED THE REVIEWED DRAFT TO THE REMAINING FULL BOARD CONSISTING OF THE ORGANIZATION'S CHAIR AND CORPORATE SECRETARY FOR THEIR REVIEW AND COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION IS CONTROLLED VIA A COMMONALITY OF TRUSTEES AND OFFICERS BY HOUSING AND SERVICES, INC., A NEW YORK STATE NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER IRS CODE 501(C)(3). HOUSING AND SERVICES, INC. WAS THE ORGANIZATION'S SPONSOR, DEVELOPER OF ITS LOW-INCOME HOUSING PROJECT AND ACTS AS THE PROJECTS PROPERTY MANAGER. IN CONJUNCTION WITH ACTIONS OF THE BOARD OF HOUSING AND SERVICES, INC., THE ORGANIZATION ADOPTED A FORMAL WRITTEN CONFLICT OF INTEREST POLICY REQUIRING THAT ALL TRUSTEES READ AND SIGN WRITTEN ACKNOWLEDGEMENT THAT THEY HAVE READ THE POLICY, UNDERSTAND THE POLICY AND HAVE MADE ALL REQUIRED DISCLOSURES UNDER THE POLICY ON AN ANNUAL BASIS. IN CONJUNCTION WITH ACTIONS OF THE BOARD OF HOUSING AND SERVICES, INC, THE ORGANIZATION'S BOARD OF TRUSTEES HAS A FINANCE COMMITTEE WHOSE FUNCTIONS INCLUDE A REVIEW FOR COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ON A MINIMUM OF AN ANNUAL BASIS. THE ANNUAL REVIEWS WERE PERFORMED AND THE RESULTS OF THESE REVIEWS WERE REPORTED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 IN CONJUNCTION WITH ACTIONS OF THE BOARD OF HOUSING AND SERVICES, INC., THE ORGANIZATION HAS CHARGED ITS EXECUTIVE COMMITTEE WITH AN ANNUAL REVIEW TO ENSURE THAT SENIOR MANAGEMENT COMPENSATION IS REASONABLE. THE COMMITTEE IS PROVIDED INFORMATION FOR COMPARABLE PEER ORGANIZATIONS AND CONSIDERS SENIOR MANAGEMENT OF RESPONSIBILITIES AND RECENT JOB PERFORMANCE IN ITS DETERMINATION OF THE REASONABLENESS OF SENIOR MANAGEMENT. THE COMMITTEE MEETS AT LEAST ONCE ANNUALLY AND ALSO MEETS ON AN AD HOC BASIS WHEN CHANGES TO SENIOR MANAGEMENT COMPENSATION ARE CONSIDERED. THE FULL BOARD AND THE EXECUTIVE COMMITTEE HAVE CURRENTLY DEFINED SENIOR MANAGEMENT AS THE EXECUTIVE DIRECTOR AND DEPUTY EXECUTIVE DIRECTOR. THE ORGANIZATION'S EXECUTIVE DIRECTOR AND DEPUTY EXECUTIVE DIRECTOR ARE EMPLOYEES OF HOUSING AND SERVICES, INC. THEIR COMPENSATION IS PAID SOLELY BY HOUSING AND SERVICES, INC. AND NONE OF THEIR COMPENSATION IS PAID BY THE ORGANIZATION OR ANY OTHER RELATED ENTITY BESIDES HOUSING AND SERVICES, INC. HOUSING AND SERVICES, INC. ACCOUNTS FOR THE POOL OF COSTS IT INCURS TO MANAGE ITS CONTROLLED RELATED ENTITIES, INCLUDING THE ORGANIZATION, AND CHARGES EACH RELATED ENTITY, INCLUDING THE ORGANIZATION, FOR THEIR ALLOCABLE PORTION OF THE TOTAL POOL, WHICH INCLUDES ALLOCATIONS OF THE COMPENSATION OF HOUSING AND SERVICES, INC.'S SENIOR MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990, AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. HOUSING AND SERVICES INC 243 WEST 30TH STREET NEW YORK NY 10001 510201833 MANAGEMENT/DEVELOPMENT OF SPECIAL NEEDS HOUSING NY 501(C)(3) LINE 7 0 NARRAGANSETT HOUSING DEVELOPMENT FUND 243 WEST 30TH STREET NEW YORK NY 10001 133685749 OPERATION OF LOW INCOME SUPPORTIVE HOUSING PROJECT NY 501(C)(3) LINE 7 HOUSING AND SERVICES INC 0 CECIL HOUSING DEVELOPMENT FUND CORPORATION 243 WEST 30TH STREET NEW YORK NY 10001 142012874 OPERATION OF LOW INCOME SUPPORTIVE HOUSING PROJECT NY 501(C)(3) LINE 7 HOUSING AND SERVICES INC 0 BEDFORD 203 HDFC INC 243 WEST 30TH STREET NEW YORK NY 10001 831529155 CONSTRUCTION AND EVENTUAL OF LOW INCOME SUPPORTIVE HOUSING PROJECT NY 501(C)(3) LINE 7 HOUSING AND SERVICES INC 0 KENMORE ASSOCIATES LP 243 WEST 30TH STREET NEW YORK NY 10001 133867519 LOW INCOME HOUSING NY N/A 0 0 KENMORE HOUSING CORP 243 WEST 30TH STREET NEW YORK NY 10001 133862847 OPERATION OF LOW INCOME SUPPORTIVE HOUSING PROJECT NY KENMORE HDFC C 176 253 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 KENMORE ASSOCIATES LP E 198391 BOOK KENMORE ASSOCIATES LP O 880541 BOOK KENMORE ASSOCIATES LP P 70705 BOOK SCHEDULE R, SUPPLEMENTAL INFORMATION: FOR SCHEDULE R REPORTING PURPOSES, BEDFORD 203 GP, INC (BGP) AND BEDFORD 203 LP (BLP) ARE NOT CONSIDERED RELATED ORGANIZATIONS. HOWEVER, IT IS NOTED THAT BGP IS A NYS FOR PROFIT CORPORATION WHOLLY OWNED BY BEDFORD 203 HOUSING DEVELOPMENT FUND CORPORATION. BGP'S SOLE ACTIVITY IS TO ACT AS THE GENERAL PARTNER (.01% INTEREST) OF BLP. BLP IS THE LANDLORD ENTITY FOR THE SUPPRTIVE HOUSING PROJECT KNOWN AS THE BEDFORD. BGP'S BOARD OF DIRECTORS CONSISTS OF MARTIN MELTZER, HSI TRUSTEE, JAMES DILL, HSI EXECUTIVE DIRECTOR, AND MOLLY MATTIMORE, HSI DEPUTY EXECUTIVE DIRECTOR AND CORPORATE SECRETARY.