2024-11-14T08:29:33-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 251545077 LAURENTIAN HALL ASSOCIATES LAUR 4124416950 113 N PACIFIC AVENUE PITTSBURGH PA 15224 RICHARD SWARTZ BOARD PRESIDENT 4124416950 2024-11-14 1 1 JONATHAN B SCOTT P00291986 3178485700 2023 2024-10-15 13:58:12Z X RICHARD SWARTZ 113 N PACIFIC AVENUE PITTSBURGH PA 15224 505857 0 X N/A X 1986 PA LAURENTIAN HALL ASSOCIATES, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE COMMONWEALTH OF PENNSYLVANIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A PROPERTY CONSISTING OF 36 UNITS FOR LOW-INCOME, ELDERLY PERSONS LOCATED IN PITTSBURGH, PENNSYLVANIA, KNOWN AS LAURENTIAN HALL. THE PROPERTY OPERATES UNDER SECTION 212 PURSUANT TO SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT, AS AMENDED. 7 7 0 0 0 0 300684 330017 167930 155533 937 4329 18245 15978 487796 505857 0 0 0 0 0 0 0 0 0 522687 546755 522687 546755 -34891 -40898 807087 1015869 2160571 2410251 -1353484 -1394382 X LAURENTIAN HALL ASSOCIATES, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE COMMONWEALTH OF PENNSYLVANIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A PROPERTY CONSISTING OF 36 UNITS FOR LOW-INCOME, ELDERLY PERSONS LOCATED IN PITTSBURGH, PENNSYLVANIA, KNOWN AS LAURENTIAN HALL. THE PROPERTY OPERATES UNDER SECTION 212 PURSUANT TO SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT, AS AMENDED. 0 0 483392 155533 LAURENTIAN HALL ASSOCIATES, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE COMMONWEALTH OF PENNSYLVANIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A PROPERTY CONSISTING OF 36 UNITS FOR LOW-INCOME, ELDERLY PERSONS LOCATED IN PITTSBURGH, PENNSYLVANIA, KNOWN AS LAURENTIAN HALL. THE PROPERTY OPERATES UNDER SECTION 212 PURSUANT TO SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT, AS AMENDED. 483392 1 1 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 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X X RICHARD SWARTZ 4124416950 113 N PACIFIC AVENUE PITTSBURGH PA 15224 X RICHARD SWARTZ PRESIDENT 0.00 X X 0 0 0 JEANETTE COLEMAN VICE PRESIDENT 0.00 X X 0 0 0 LOUIS WELLS SECRETARY 0.00 X X 0 0 0 JIM HERRLE TREASURER 0.00 X X 0 0 0 JODI LINCOLN DIRECTOR 0.00 X 0 0 0 LENA ANDREWS DIRECTOR 0.00 X 0 0 0 ANNE MARIE HARR DIRECTOR 0.00 X 0 0 0 0 0 0 0 0 0 0 0 330017 330017 RENTAL INCOME 531110 155533 155533 155533 4329 4329 OTHER REVENUE-MISC. 531110 15800 15800 TENANT CHARGES 531110 178 178 15978 505857 155533 0 20307 26448 26448 10719 10719 26196 26196 323815 323815 57345 57345 881 881 MANAGEMENT COMPANY EMPL 63852 63852 SUPPORTIVE SERVICES 23017 23017 RESIDENT SERVICES FEE 13874 13874 BAD DEBTS 608 608 546755 483392 63363 0 119952 153850 4327 1871 6393 6393 2472479 1863960 491517 608519 163989 178040 10529 28177 10380 39019 807087 1015869 402876 544609 1692 1086 1745623 1854237 10380 10319 2160571 2410251 X -1353484 -1394382 -1353484 -1394382 807087 1015869 -40898 0 X X 0 1 X 1 1 1 X 246537 293901 295843 300684 330017 1466982 181307 181280 157488 167930 155533 843538 427844 475181 453331 468614 485550 2310520 0 0 0 2310520 386 169 20 937 4329 5841 386 169 20 937 4329 5841 29369 19850 20123 18245 15978 103565 457599 495200 473474 487796 505857 2419926 0.95480 0.94560 0.00240 0.00070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 103000 103000 2114221 1616954 497267 255258 247006 8252 608519 MORTGAGE ESCROW DEPOSITS 25574 C RESERVE FOR REPLACEMENT 152466 C 178040 TENANT SECURITY DEPOSITS 10319 10319 X 505857 0 505857 0 505857 545611 0 545611 1144 1144 546755 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS ARE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITY. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 1,144. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT AGENT FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS CUSTOMARY FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 CAN ALSO BE ACCESSED VIA GUIDESTAR. FORM 990, PART XI, LINE 2C THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.