2024-11-11T09:18:08-06:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 50 ROCKEFELLER PLAZA NEW YORK NY 10020 990 2023-01-01 142012874 CECIL HOUSING DEVELOPMENT FUND CORPORATION CECI 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 2837467 0 X WWW.HSI-NY.ORG X 2007 NY THE ORGANIZATION OPERATES PERMANENT SUPPORTIVE AND AFFORDABLE HOUSING. 3 1 16 0 0 0 1094286 1462582 1191331 1237332 5526 23054 48790 88181 2339933 2811149 0 1350 0 0 1157925 1332726 0 0 0 1029708 1377673 2187633 2711749 152300 99400 6579086 6607197 11029894 10958605 -4450808 -4351408 THE ORGANIZATION OPERATES PERMANENT SUPPORTIVE AND AFFORDABLE HOUSING. 0 0 2711749 1350 1237332 THE ORGANIZATION OPERATES THE LOW-INCOME SUPPORTIVE HOUSING PROJECT KNOWN AS THE CECIL. THE PROJECT HAS 89 SRO HOUSING UNITS AND IS SITUATED AT 206-210 WEST 118TH STREET, NY, NY. THE ORGANIZATION PROVIDES ONSITE CASE MANAGEMENT SERVICES TO RESIDENTIAL TENANTS. ALL ADMITTED RESIDENTS ARE SINGLE ADULTS AND ARE REQUIRED TO MEET US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT'S CRITERIA FOR HOMELESS, DISABILITY AND LOW INCOME. SOCIAL SERVICES ARE FUNDED BY CONTRACTS WITH NYC DEPARTMENT OF HOMELESS SERVICES AND NYC DEPARTMENT OF HEALTH AND MENTAL HYGIENE. THE PROJECT LEASES GROUND FLOOR AND CELLAR SPACE TO AN UNRELATED COMMERCIAL TENANT WHOSE RENTS HELP FUND SERVICES TO THE PROJECT'S RESIDENTIAL TENANTS. 2711749 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 16 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/TREASURER/EXEC DIR 2.50 32.50 X X 0 172990 21550 MOLLY MATTIMORE TRUSTEE/SECRETARY/DEP EXEC DIRECTOR 2.50 32.50 X X 0 177244 9936 MARY HARDIN CHAIR/TRUSTEE 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 4.00 31.00 X 0 153520 25681 DAN DANAHER DIRECTOR OF OPERATIONS 4.00 31.00 X 0 150558 4935 ALMIR LALICIC DIRECTOR OF PROPERTY MANAGEMENT 4.00 31.00 X 0 118707 24743 RALPH GARCIA SECURITY DIRECTOR 4.00 31.00 X 0 132570 3156 0 1040397 108409 0 0 1 0 HOUSING & SERVICES INC 243 WEST 30TH STREET NEW YORK NY 10001 MANAGEMENT SERVICES 278694 1 1462582 1462582 RENTAL INCOME 531390 1237332 1237332 1237332 23054 23054 113190 26318 86872 86872 86872 1309 1309 1309 2811149 1237332 0 111235 1350 1350 1132259 1132259 1550 1550 105856 105856 93061 93061 272084 272084 22741 22741 23403 23403 81693 81693 55604 55604 187851 187851 297 297 9893 9893 39445 39445 200486 200486 65182 65182 FURNITURE, EQUIPMENT & 217166 217166 SOCIAL SERVICES EXPENSE 167822 167822 PROVISION FOR UNCOLLECT 31567 31567 DUES & SUBSCRIPTIONS 2439 2439 2711749 2711749 0 0 128634 55339 639142 753645 236544 415501 5464 92826 17139 17575 11953584 6731508 5405824 5222076 146339 50235 6579086 6607197 104820 265830 10703768 10342187 221306 350588 11029894 10958605 X -4450808 -4351408 -4450808 -4351408 6579086 6607197 99400 0 X 0 1 X 1 0 X 1642318 1789649 2217756 1094286 1462582 8206591 1642318 1789649 2217756 1094286 1462582 8206591 8206591 139756 110790 141108 187804 136244 715702 23945 9692 14114 1309 49060 8971353 3203768 0.91480 0.91320 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 23,945. 2020 AMOUNT: $ 9,692. 2021 AMOUNT: $ 14,114. 2023 AMOUNT: $ 1,309. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11724164 6533585 5190579 207564 197923 9641 21856 21856 5222076 TENANT SECURITY DEPOSITS 57990 CONTRACT PAYABLES 210072 DUE TO HOUSING & SERVICES, INC. 82526 350588 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. 0 0 0 0 0 0 0 0 0 JAMES M DILL TRUSTEE/TREASURER/EXEC DIR 0 172990 0 0 0 0 0 0 0 21550 0 194540 0 0 MOLLY MATTIMORE TRUSTEE/SECRETARY/DEP EXEC 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 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. THE ORGANIZATION IS CONTROLLED VIA A COMMONALITY OF TRUSTEES AND OFFICERS BY HOUSING & SERVICES, INC., A NEW YORK STATE NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER IRS CODE SECTION 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 AND THE RESULTS OF ALL REVIEWS WERE REPORTED TO THE FULL BOARD OF TRUSTEES AT THAT TIME. 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 TO THE PUBLIC 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 KENMORE HOUSING DEVELOPMENT FUND CORPORATION 243 WEST 30TH STREET NEW YORK NY 10001 133862850 OPERATION OF LOW INCOME SUPPORTIVE HOUSING PROJECT NY 501(C)(3) LINE 7 HOUSING AND SERVICES INC 0 NARRAGANSETT HOUSING DEVELOPMENT FUND CORPORATION 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 BEDFORD 203 HDFC INC 243 WEST 30TH STREET NEW YORK NY 10001 831529155 CONSTRUCTION AND EVENTUAL OPERATION OF LOW INCOME SUPPORTIVE HOUSING PROJECT NY 501(C)(3) LINE 7 HOUSING AND SERVICES INC 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 SCHEDULE R 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 CORPORATFOR 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. FOR SCHEDULE R REPORTING PURPOSES KENMORE HOUSING CORP (KHC) AND KENMORE ASSOCIATES, LP (KLP) ARE NOT CONSIDERED RELATED ENTITIES. HOWEVER IT IS NOTED THAT KHC IS A NYS FOR PROFIT CORPORATION WHOLLY OWNED BY KENMORE HOUSING DEVELOPMENT FUND CORPORATION. KHC'S SOLE ACTIVITY IS TO ACT AS THE GENERAL PARTNER (.01% INTEREST) OF KLP. KLP IS THE LANDLORD ENTITY OF THE SUPPORTIVE HOUSING PROJECT KNOWN AS KENMORE HALL. HSI HAS A 99.9% LIMITED PARTNER INTEREST IN KLP. KHC'S BOARD OF DIRECTORS CONSISTS OF MARY R. HARDIN, HSI BOARD CHAIR, JAMES DILL, HSI EXECUTIVE DIRECTOR, AND MOLLY MATTIMORE, HSI DEPUTY EXECUITY DIRECTOR AND CORPORATE SECRETARY. FOR SCHEDULE R REPORTING PURPOSES KENMORE HOUSING CORP (KHC) AND KENMORE ASSOCIATES, LP (KLP) ARE NOT CONSIDERED RELATED ENTITIES. HOWEVER IT IS NOTED THAT KHC IS A NYS FOR PROFIT CORPORATION WHOLLY OWNED BY KENMORE HOUSING DEVELOPMENT FUND CORPORATION. KHC'S SOLE ACTIVITY IS TO ACT AS THE GENERAL PARTNER (.01% INTEREST) OF KLP. KLP IS THE LANDLORD ENTITY OF THE SUPPORTIVE HOUSING PROJECT KNOWN AS KENMORE HALL. HSI HAS A 99.9% LIMITED PARTNER INTEREST IN KLP. KHC'S BOARD OF DIRECTORS CONSISTS OF MARY R. HARDIN, HSI BOARD CHAIR, JAMES DILL, HSI EXECUTIVE DIRECTOR, AND MOLLY MATTIMORE, HSI DEPUTY EXECUITY DIRECTOR AND CORPORATE SECRETARY.