2024-11-14T15:41:08-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-01-01 133162242 ST THOMAS EPISCOPAL SENIOR CITIZENS HOUSING DEVELOPMENT FUND CORPORATION STTH 7184522332 1405 BUSHWICK AVENUE BROOKLYN NY 11207 ROBERT FERRYMAN TREASURER 7184522332 2024-11-14 1 1 JOSEPH CONNOLLY P01959750 9143818900 2024-10-31 2023 2024-10-15 13:58:12Z ROBERT FERRYMAN 1405 BUSHWICK AVENUE BROOKLYN NY 11207 3048911 0 X N/A X 1979 NY TO DEVELOP HOUSING FACILITIES AND SERVICES FOR ELDERLY AND HANDICAPPED PERSONS OF LOW INCOME. 3 3 5 3 0 0 1854881 2619221 351939 373458 1815 27023 65935 29209 2274570 3048911 0 0 0 0 308767 401723 0 0 0 1607469 1613943 1916236 2015666 358334 1033245 1571672 19287460 798184 17480727 773488 1806733 TO PROVIDE 103 APARTMENT UNITS OF LOW-INCOME HOUSING TO ELDERLY AND HANDICAPPED PERSONS. 0 0 1654544 0 373458 TO PROVIDE 103 APARTMENT UNITS OF LOW-INCOME HOUSING TO ELDERLY AND HANDICAPPED PERSONS. 1654544 1 1 0 0 0 0 0 0 1 0 1 0 0 1 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 10 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NY X X ARCO MANAGEMENT CORP 7184522332 4 EXECUTIVE BLVD SUITE 100 SUFFERN NY 10901 X REV SULLY SAM-GUILLAUME PRESIDENT 8.00 X X 0 0 0 ROBERT FERRYMAN TREASURER 8.00 X X 0 0 0 JULLIAN JOSEPH SECRETARY 8.00 X X 0 0 0 0 0 0 0 0 0 0 MADISON SECURITY GROUP INC 31-37 KIRK STREET LOWELL MA 01852 SECURITY SERVICES 238299 L&R HOME IMPROVEMENT 780 PILOT HOUSE DR STE 400B NEWPORT NEWS VA 23608 REPAIR & MAINTENANCE 117265 ACRO SERVICE CORP 39209 SIX MILE ROAD SUITE 160 LIVONIA MI 48152 MANAGEMENT SERVICES 104122 3 2619221 2619221 TENANT RENT 531110 373458 373458 373458 27023 27023 21780 0 21780 21780 21780 LAUNDRY AND VENDING 900099 6650 6650 MISCELLANEOUS INCOME 900099 779 779 7429 3048911 373458 0 56232 X 270465 208077 62388 101746 78276 23470 29512 22704 6808 82629 82629 30638 30638 224063 221255 2808 73793 45673 28120 10049 10049 736446 704743 31703 206 206 62790 62790 183606 183606 REPAIRS & MAINTENANCE 115309 115309 BAD DEBT EXPENSE 69933 69933 OTHER EXPENSES 24481 12111 12370 2015666 1654544 361122 0 199046 347171 124501 62209 2854 189562 11428833 6898512 750919 4530321 494352 14158197 1571672 19287460 407351 862811 41929 43356 28840 29395 319945 16545046 119 119 798184 17480727 X 773488 1806733 773488 1806733 1571672 19287460 1033245 0 X X 0 1 X 0 1 1 X 1834094 1915792 1971801 1854881 2619221 10195789 1834094 1915792 1971801 1854881 2619221 10195789 10195789 22956 44266 44236 46010 48803 206271 5100 9700 10279 21690 7429 54198 10456258 1788024 0.97510 0.97530 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING INCOME - 2019 AMOUNT: $ 5,100. 2020 AMOUNT: $ 5,525. 2021 AMOUNT: $ 5,100. 2022 AMOUNT: $ 5,100. 2023 AMOUNT: $ 6,650. MISCELLANEOUS INCOME - 2020 AMOUNT: $ 4,175. 2021 AMOUNT: $ 5,179. 2022 AMOUNT: $ 16,590. 2023 AMOUNT: $ 779. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 114677 114677 10044330 6216212 3828118 1244891 657365 587526 24935 24935 0 4530321 TENANT SECURITY DEPOSITS 29370 RESTRICTED DEPOSITS 14128827 14158197 MISCELLANEOUS 25 DEPOSIT REFUNDS IN TRANSIT 94 119 X 3048911 0 3048911 0 3048911 2015666 0 2015666 0 2015666 PART IV, LINE 2B: FUNDS FOR THE PERSONAL USE OF RESIDENTS AND FUNDS RECEIVED AS SECURITY DEPOSITS FOR SERVICES ARE HELD IN TRUST FOR THEM BY THE COMPANY. THESE FUNDS ARE SEGREGATED IN A SEPARATE INTEREST-BEARING ACCOUNT FOR THE TENANTS' BENEFIT AND ARE NOT AVAILABLE FOR OTHER USES. PART X, LINE 2: THE COMPANY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE COMPANY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE COMPANY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS ENTERED INTO A PROPERTY MANAGEMENT AGREEMENT WITH AN UNRELATED THIRD PARTY, ARCO MANAGEMENT CORP, WHICH PROVIDES PROPERTY MANAGEMENT, BOOKKEEPING SERVICES AND ADMINISTRATIVE SERVICES TO THE ENTITY. THE TOTAL PAID TO ARCO MANAGEMENT CORP DURING THE CALENDAR YEAR FOR THESE SERVICES WAS $82,629. THERE WERE NO BOARD MEMBERS COMPENSATED BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 8A THE ORGANIZATION DID NOT KEEP MINUTES OF THE GOVERNING BODY MEETINGS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DID NOT KEEP MINUTES OF THE COMMITTEE MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION USES AN OUTSIDE ACCOUNTING FIRM FOR THE PREPARATION OF ITS FORM 990. ONCE PREPARED, THE RETURN IS REVIEWED BY THE PRESIDENT OF THE ORGANIZATION, ALONG WITH THE ORGANIZATION'S MANAGEMENT COMPANY. FOLLOWING THEIR REVIEW, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. 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 ARTICLES OF INCORPORATION, BYLAWS, AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 193,291. MANAGEMENT AND GENERAL EXPENSES 2,808. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 196,099. MAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 27,964. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,964. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S FULL BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.