2024-11-11T19:38:39-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-01-01 454977274 THE SHORES AT PECONIC LANDING ASSISTED LIVING RESIDENCE INC SHOR 6314773800 1500 BRECKNOCK ROAD GREENPORT NY 11944 ROBERT SYRON PRESIDENT 6314773800 2024-11-11 1 1 MELISSA MODELSON P01603524 9143818900 2024-11-07 2023 2024-10-15 13:58:12Z ROBERT SYRON 1500 BRECKNOCK ROAD GREENPORT NY 11944 2125934 0 4305 X WWW.PECONICLANDING.ORG X 2011 NY TO ESTABLISH, MAINTAIN, AND OPERATE AN ASSISTED LIVING RESIDENCE 7 3 0 7 0 0 0 0 1884117 2125934 0 0 0 0 1884117 2125934 0 0 0 0 0 0 0 0 0 1884117 2125934 1884117 2125934 0 0 0 0 0 0 0 0 THE PURPOSES FOR WHICH THE SHORES AT PECONIC LANDING ASSISTED LIVING RESIDENCE, INC. IS FORMED ARE: TO ESTABLISH, MAINTAIN, AND OPERATE AN ASSISTED LIVING RESIDENCE. 0 0 2125934 0 2125934 THE SHORES AT PECONIC LANDING ASSISTED LIVING RESIDENCE, INC. OPERATES AN ASSISTED LIVING RESIDENCE WITH A CAPACITY FOR 47 RESIDENTS. 2125934 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 3 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 0 0 0 NY X X ROBERT SYRON 6314773800 1500 BRECKNOCK ROAD GREENPORT NY 11944 ROBERT SYRON PRESIDENT 2.00 43.00 X X 0 681103 80811 GREGORY GARRETT VICE PRESIDENT 2.00 42.00 X X 0 340542 66111 LISA QUINN TREASURER 2.00 43.00 X X 0 233170 54667 PATRICIA LUTZKY SECRETARY 2.00 43.00 X X 0 204479 54216 ROBERT GOLDMAN DIRECTOR 1.00 1.00 X 0 0 0 DONALD T RUSSO DIRECTOR 1.00 2.00 X 0 0 0 EILEEN MCGUIRE DIRECTOR 1.00 2.00 X 0 0 0 0 1459294 255805 0 0 1 0 0 PRIVATE PATIENT REVENU 623000 2125934 2125934 2125934 2125934 2125934 0 0 ENRICHED HOUSING TRANSF 2125934 2125934 2125934 2125934 0 0 0 0 0 0 X 0 0 0 0 0 0 X X 0 1 X 0 0 X 2283349 1803813 1660822 1884117 2125934 9758035 2283349 1803813 1660822 1884117 2125934 9758035 0 0 0 9758035 2283349 1803813 1660822 1884117 2125934 9758035 1.00000 1.00000 0.00000 X 0 X 38833131 36707197 36707197 2125934 0 2125934 42961576 40835642 40835642 2125934 0 2125934 PART X, LINE 2: THE COMPANY FILES INCOME TAX RETURNS IN THE U.S. FEDERAL AND NEW YORK STATE JURISDICTIONS AND RECOGNIZE THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. THE COMPANY HAS DETERMINED THAT THE ENTITY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ENTITY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. THERE ARE CURRENTLY NO EXAMINATIONS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO CONSOLIDATED & RELATED ENTITIES 36,707,197. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO CONSOLIDATED & RELATED ENTITIES 40,835,642. 0 1 0 0 0 0 0 0 0 ROBERT SYRON PRESIDENT 0 482521 0 167140 0 31442 0 48210 0 32601 0 761914 0 0 GREGORY GARRETT VICE PRESIDENT 0 262194 0 55194 0 23154 0 20983 0 45128 0 406653 0 0 LISA QUINN TREASURER 0 206119 0 10000 0 17051 0 9622 0 45045 0 287837 0 0 PATRICIA LUTZKY SECRETARY 0 166439 0 10000 0 28040 0 8137 0 46079 0 258695 0 0 PART I, LINE 3 OFFICERS OF THE SHORES AT PECONIC ASSISTED LIVING RESIDENCE, INC. ARE COMPENSATED BY A RELATED PARTY, PECONIC LANDING AT SOUTHOLD, INC. THE FOLLOWING IS THEIR COMPENSATION POLICY: PHILOSOPHY REGARDING EXECUTIVE COMPENSATION - THE BOARD OF TRUSTEES OF PECONIC LANDING AT SOUTHOLD, INC. SHALL HAVE THE SOLE RESPONSIBILITY FOR ESTABLISHING ALL MATTERS PERTAINING TO EXECUTIVE COMPENSATION. THE BOARD RECOGNIZES THAT IT IS CHARGED WITH ESTABLISHING A TOTAL COMPENSATION PACKAGE NECESSARY TO ATTRACT THE BEST TALENT POSSIBLE WHILE BEING FULLY COGNIZANT OF ITS FIDUCIARY RESPONSIBILITY TO THE ORGANIZATION. THE BOARD, THEREFORE, ASSURES THAT DECISIONS INVOLVING EXECUTIVE COMPENSATION SHALL BE REASONABLE AND MEET THE REQUIREMENTS FOR A TAX-EXEMPT ENTITY, WHICH ARE: (1) SHALL BE BASED ON RELIABLE MARKET COMPARABILITY DATA; (2) THE BASIS TO SUPPORT EXECUTIVE COMPENSATION SHALL BE DOCUMENTED; AND (3) ALL MATTERS RELATED TO EXECUTIVE COMPENSATION ARE MADE FREE FROM ANY DIRECT OR INDIRECT CONFLICTS OF INTEREST. COMPENSATION NEGOTIATION - THE BOARD OF PECONIC LANDING AT SOUTHOLD, INC. APPOINTS THE FINANCE COMMITTEE TO NEGOTIATE ON BEHALF OF THE BOARD ALL MATTERS OF EXECUTIVE COMPENSATION, INCLUDING BASE WAGE, INCENTIVES, BONUSES, MERIT INCREASES, PERQUISITES, AND BENEFITS. THE COMMITTEE SHALL HAVE THE AUTHORITY TO NEGOTIATE BUT SHALL MAKE NO WARRANTY ON BEHALF OF THE BOARD IN MATTERS RELATING TO COMPENSATION. THE FINANCE COMMITTEE SHALL PRESENT ITS RECOMMENDATIONS CONCERNING EXECUTIVE COMPENSATION TO THE BOARD IN WRITING, INCLUDING; (1) DATA OR SOURCES USED IN DETERMINING COMPENSATION RECOMMENDATIONS; (2) A REVIEW OF EXECUTIVE PERFORMANCE; AND (3) FULL DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE FINANCE COMMITTEE SHALL MAKE ASSURANCE THAT FINAL EXECUTIVE COMPENSATION RECOMMENDATIONS ARE INDEPENDENTLY APPROVED BY COMMITTEE MEMBERS ACTING ON BEHALF OF THE BOARD IN A NON-CONFLICT OF INTEREST POSITION. BASIS FOR EXECUTIVE COMPENSATION - TO ENSURE THE REASONABLENESS OF EXECUTIVE COMPENSATION, THE FINANCE COMMITTEE SHALL BASE AND DOCUMENT ITS RECOMMENDATIONS ON THE FOLLOWING CRITERIA: MARKET DATA COMPARISONS; FUNCTIONAL REQUIREMENTS OF THE POSITION; CURRENT MARKET TRENDS; REGIONAL ECONOMIC INDICATORS; EDUCATION, CAREER BACKGROUND AND EXPERIENCE OF THE PERSON IN THE POSITION. THE FINANCE COMMITTEE MAY SEEK ADVICE AND COUNSEL FROM EXTERNAL, UNRELATED SOURCES, INCLUDING BUT NOT LIMITED TO: MANAGEMENT CONSULTANTS, EXECUTIVE RECRUITERS; NATIONAL AND STATE ORGANIZATIONS SUCH AS AAHSA AND NYAHSA; SALARY RESEARCH RESOURCES AND DATA BASES; AND OTHER SOURCES WHICH MAY PROVIDE ACCURATE, RELIABLE, VERIFIABLE WAGE DATA. COMPENSATION CONCERNING INCENTIVES AND BONUSES SHALL BE BASED ON QUANTITATIVE PERFORMANCE CRITERIA APPLIED TO THE ACHIEVEMENT OF PRE-ESTABLISHED GOALS. MERIT INCREASES SHALL BE MADE AT THE DISCRETION OF THE BOARD BASED ON PERFORMANCE IMPROVEMENT OVER A SPECIFIED PERIOD OF TIME. BENEFITS, INCLUDING HEALTH INSURANCE, LIFE INSURANCE, VACATION AND OTHER TIME OFF, SHALL BE PROPORTIONATE WITH THE BENEFITS POLICIES AND PACKAGE IN EFFECT FOR LEADERSHIP PERSONNEL AT PECONIC LANDING AT SOUTHOLD, INC. ON THE EFFECTIVE DATE OF BOARD APPROVAL OF THE TOTAL COMPENSATION PACKAGE. DOCUMENTATION CONCERNING EXECUTIVE COMPENSATION - ALL MATTERS PERTAINING TO EXECUTIVE COMPENSATION MUST BE IN WRITTEN FORM. PART I, LINE 4B ROBERT SYRON, PRESIDENT AND GREGORY GARRETT, VICE PRESIDENT PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THE OFFICERS RECEIVED AN EMPLOYER CONTRIBUTION ON THEIR BEHALF IN THE AMOUNT OF $35,010 AND $8,552 IN 2023. FORM 990, PART VI, SECTION A, LINE 6 PECONIC LANDING AT SOUTHOLD, INC. SHALL BE THE SPONSOR OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A PECONIC LANDING AT SOUTHOLD, INC. HAS THE ABILITY TO APPOINT BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B PECONIC LANDING AT SOUTHOLD, INC. HAS THE ABILITY TO REMOVE BOARD MEMBERS AND APPROVE AMENDMENTS TO THE BYLAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEE TO ACT ON BEHALF OF ITS GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE MEMBERS OF THE FINANCE COMMITTEE FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING BY THE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C IN THE EVENT A MEMBER OF THE BOARD OF TRUSTEES OF THE SHORES, OR THE MEMBER'S SPOUSE, CHILD, PARENT OR SIBLING, AS A RESULT OF A TRANSACTION, INVESTMENT OR ACTIVITY (HEREIN REFERRED TO AS A MATTER) WITH OR INVOLVING PECONIC LANDING AT SOUTHOLD, INC., PECONIC LANDING HOUSING ASSOCIATION COOPERATIVE, INC., PECONIC LANDING FOUNDATION, INC., THE SHORES, INC. (REFERRED TO IN THE AGGREGATE AS PECONIC LANDING) WILL RECEIVE ANY PROFIT OR GAIN, WHETHER DIRECTLY OR INDIRECTLY, THEN THE MEMBER SHALL PROMPTLY DISCLOSE THAT INTEREST TO THE BOARD AND SHALL NOT PARTICIPATE IN ANY DECISION ON SUCH A MATTER. THE MEMBER SHALL NOT VOTE ON, AND SHALL REMOVE HIM OR HERSELF FROM THE MEETING DISCUSSING SUCH A MATTER. THE MEMBER SHALL ALSO DISCLOSE ANY KNOWN SIGNIFICANT REASON(S) THAT SUCH A MATTER MIGHT NOT BE IN THE BEST INTERESTS OF THE SHORES. THE MEMBER'S ABSTENTION FROM THE MEETING AND VOTE AND THE REASON FOR IT WILL BE RECORDED IN THE MINUTES OF ANY MEETING AT WHICH SUCH A MATTER OR MATTERS ARE DISCUSSED. EACH MEMBER IS REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE STATEMENT AT THE BEGINNING OF EACH CALENDAR YEAR, AND WITHIN THIRTY (30) DAYS FOLLOWING THE EFFECTIVE DATE OF THIS POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION, FORM 990, CONFLICT OF INTEREST POLICY, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S SOLE MEMBER, PECONIC LANDING AT SOUTHOLD, INC., HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. BRECKNOCK HALL FOUNDATION 1500 BRECKNOCK ROAD GREENPORT NY 11944 200350364 RENTAL OF HALL NY 501(C)(3) PF PECONIC LANDING AT SOUTHOLD INC 0 PECONIC LANDING HOME HEALTH SERVICES 1500 BRECKNOCK ROAD GREENPORT NY 11944 454566737 HOME HEALTH SERVICES NY 501(C)(3) LINE 10 PECONIC LANDING AT SOUTHOLD INC 0 PECONIC LANDING AT SOUTHOLD INC 1500 BRECKNOCK ROAD GREENPORT NY 11944 113277669 RETIREMENT HOME NY 501(C)(3) LINE 10 N/A 0 PECONIC LANDING HOUSING ASSOCIATION CO-OP 1500 BRECKNOCK ROAD GREENPORT NY 11944 020575501 HOUSING ASSOCIATION NY PECONIC LANDING AT SOUTHOLD INC C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0