2024-05-15T20:32:12-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 134066940 ALMA RANGEL GARDENS HOUSING DEVELOPMENT FUND COMPANY INC ALMA 2129627653 11 PARK PLACE 1416 NEW YORK NY 10007 LINDA HOFFMAN CEO 2129627653 2024-05-15 1 LINDA HOFFMAN 999009999 1 JOSEPH CONNOLLY P01959750 9143818900 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LINDA HOFFMAN 11 PARK PLACE 1416 NEW YORK NY 10007 1490822 0 X WWW.NYFSC.ORG X 1998 NY PROVIDES 88 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED IN THE HARLEM. FORTY (40) OF ITS TENANTS ARE ENRICHED HOUSING PROGRAM RESIDENTS WHO REQUIRE SPECIAL ASSISTANCE AND FOOD SERVICE. 7 7 12 9 0 0 1189483 1245784 233953 240363 367 72 6077 4603 1429880 1490822 0 0 0 0 280838 323973 0 0 0 1338768 1393759 1619606 1717732 -189726 -226910 7267495 6985662 10843222 10788299 -3575727 -3802637 DEVELOPING, CONSTRUCTING, AND OPERATING HOUSING AND RELATED FACILITIES FOR THE ELDERLY AND HANDICAPPED. 0 0 1520090 240363 PROVIDES 88 UNITS OF SUBSIDIZED LOW INCOME HOUSING FOR SENIOR CITIZENS. 1520090 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 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 7 0 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X ROLANDO A BLANCO CHIEF FINANCIAL OFFICER 2129627653 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 WILLIAM N HUBBARD IV PRESIDENT 0.20 1.80 X X 0 0 0 DEBORAH SMITH BERNSTEIN PRESIDENT, THRU 0.20 3.00 X X 0 0 0 ANN VAN NESS VICE PRESIDENT 0.20 2.20 X X 0 0 0 ELIZABETH R TOZER VICE PRESIDENT 0.20 2.20 X X 0 0 0 WILLIAM N HUBBARD III SECRETARY/TREASURER 0.20 1.00 X X 0 0 0 ELAINE ARACE BOARD MEMBER, THRU 0.20 1.40 X 0 0 0 PEARL CHANG BOARD MEMBER 0.20 1.00 X 0 0 0 ALMA RANGEL BOARD MEMBER 0.20 0.20 X 0 0 0 EVELYN SALZBURG BOARD MEMBER 0.20 0.40 X 0 0 0 LINDA R HOFFMAN CHIEF EXECUTIVE OFFICER 1.00 35.00 X 0 755318 33694 ROLANDO BLANCO CHIEF FINANCIAL OFFICER 1.00 35.00 X 0 311531 30139 0 1066849 63833 0 0 1 0 ALLIED BARTON SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 201231 1 1245784 1245784 RENTAL INCOME 531110 240363 240363 240363 72 72 LAUNDRY REVENUE 531110 4603 4603 4603 1490822 240363 0 4675 X 257526 194480 63046 1223 924 299 41579 31400 10179 23645 17856 5789 63546 63546 1963 1963 30396 30396 301842 301842 36570 24571 11999 522008 522008 356175 356175 OPERATING & MAINTENANCE 70778 70778 MISCELLANEOUS EXPENSES 10481 56 10425 1717732 1520090 197642 0 5821 351769 493526 4206 3869 103369 5327 12322558 5864157 6789976 6458401 18175 18718 7267495 6985662 152060 83707 18175 18718 10636000 10636000 36987 49874 10843222 10788299 X -3575727 -3802637 -3575727 -3802637 7267495 6985662 -226910 0 X X 0 1 X 1 1 1 X 798832 1161413 1141051 1189483 1245784 5536563 250993 242591 236019 233953 240363 1203919 1049825 1404004 1377070 1423436 1486147 6740482 0 0 0 6740482 641 353 367 367 72 1800 641 353 367 367 72 1800 4759 4603 5194 6077 4603 25236 1055225 1408960 1382631 1429880 1490822 6767518 0.99600 0.99570 0.00030 0.00030 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY REVENUE - 2018 AMOUNT: $ 4,353. 2019 AMOUNT: $ 4,603. 2020 AMOUNT: $ 4,603. 2021 AMOUNT: $ 4,203. 2022 AMOUNT: $ 4,603. FORFEITED SECURITY DEPOSITS - 2018 AMOUNT: $ 406. 2020 AMOUNT: $ 591. 2021 AMOUNT: $ 1,134. TENANT CHARGES - 2021 AMOUNT: $ 740. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 44427 44427 12053634 5650766 6402868 224497 213391 11106 6458401 DUE TO AFFILIATES 10000 MANAGEMENT FEE PAYABLE TO SPONSOR 39874 49874 X 1490822 0 1490822 0 1490822 1717732 0 1717732 0 1717732 PART IV, LINE 2B: THE ORGANIZATION COLLECTS AND MAINTAINS TENANT SECURITY DEPOSITS IN ALIGNMENT WITH THE FOLLOWING PROCEDURE. RESIDENTS PROVIDE THE BUILDING MANAGEMENT OFFICER WITH A SECURITY DEPOSIT UPON MOVING INTO THE HOUSING UNIT. THESE FUNDS ARE DEPOSITED INTO A SEPARATE ACCOUNT AND HELD BY THE ORGANIZATION TO ADDRESS FUTURE EXPENSES THAT MAY BE INCURRED FOR REPAIRS AND/OR DAMAGES TO THE HOUSING UNITS AFTER THE TENANT VACATES THE PREMISES. THE REMAINING SECURITY DEPOSIT FUNDS ARE DISBURSED BACK TO THE TENANT BY THE ORGANIZATION WHEN ALL NECESSARY REPAIRS HAVE BEEN COMPLETED TO PREPARE THE UNIT FOR AN INCOMING TENANT. PART X, LINE 2: THE ENTITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT 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 JUNE 30, 2020. 0 0 0 0 0 0 0 0 0 LINDA R HOFFMAN CHIEF EXECUTIVE OFFICER 0 606918 0 100000 0 48400 0 0 0 33694 0 789012 0 0 ROLANDO BLANCO CHIEF FINANCIAL OFFICER 0 291531 0 20000 0 0 0 0 0 30139 0 341670 0 0 PART I, LINE 3 NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. HAS ESTABLISHED A WRITTEN COMPENSATION POLICY FOR THEIR COMPENSATION COMMITTEE TO FOLLOW IN ESTABLISHING THE COMPENSATION FOR THE CEO. THE POLICY MANDATES THAT EXECUTIVE COMPENSATION BE REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE AND THAT THE COMMITTEE SHOULD BE FREE OF CONFLICTS OF INTEREST. IN ADDITION, THE APPROVING COMPENSATION COMMITTEE NEEDS TO REVIEW APPROPRIATE AND ADEQUATE DATA TO DETERMINE THE REASONABLENESS OF COMPENSATION BEING CONSIDERED. THE COMPENSATION COMMITTEE USES A VARIETY OF INFORMATION AND STUDIES THAT ARE AVAILABLE TO DETERMINE THAT THE APPROPRIATE LEVEL OF COMPENSATION IS BEING PAID TO ITS EXECUTIVES. THE COMPENSATION COMMITTEE OF NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. ENGAGED AN OUTSIDE CONSULTING FIRM TO CONDUCT AN EXECUTIVE COMPENSATION STUDY WHICH INCLUDED A MARKET EVALUATION OF THE TOP FIVE POSITIONS WITHIN THE ORGANIZATION. THE COMPENSATION COMMITTEE'S DECISION ON THE AMOUNT OF COMPENSATION PAID IS REQUIRED TO BE ADEQUATELY DOCUMENTED IN A CONTEMPORANEOUSLY WRITTEN FORMAT AND SHOULD DOCUMENT THE DATE OF THE DECISION, THE MEMBERS PRESENT DURING THE DECISION AND THOSE WHO VOTED ON IT, THE FULL TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE COMPARABLE DATA USED AND RELIED UPON TO MAKE THE DECISION. THE COMPENSATION REVIEW PROCESS FOR THE CEO WAS LAST UNDERTAKEN IN NOVEMBER 2019. FORM 990, PART VI, SECTION A, LINE 2 WILLIAM N. HUBBARD IV, PRESIDENT, AND WILLIAM N. HUBBARD III, SECRETARY/TREASURER, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE ENTITY PURCHASES MANAGEMENT SERVICES FROM ITS SPONSOR. THESE FEES ARE CHARGEABLE AT A RATE OF $59.50 PER UNIT PER MONTH FOR 2023 AND 2022. THE MANAGEMENT FEES INCURRED DURING EACH OF THE YEARS ENDED JUNE 30, 2023 AND 2022 AMOUNTED TO $63,546. MANAGEMENT FEES PAYABLE AT JUNE 30, 2023 AND 2022 WERE $39,874 AND $26,987. IN ADDITION, THE SPONSOR CHARGES THE ENTITY FOR BOOKKEEPING AND ACCOUNTING SERVICES. THESE FEES AMOUNTED TO $6,552 DURING EACH OF THE YEARS ENDED 2023 AND 2022. THE MANAGEMENT COMPANY MANAGES THE BUILDING. THEY COLLECT RENT, PAY BILLS, OVERSEE THE MAINTENANCE OF THE BUILDING AND RE-CERTIFY TENANTS ANNUALLY TO INSURE COMPLIANCE WITH HUD REQUIREMENTS. PLEASE REFER TO PART VII AND SCHEDULE J AS, LINDA HOFFMAN AND ROLANDO BLANCO ARE COMPENSATED BY THE RELATED ENTITY. FORM 990, PART VI, SECTION B, LINE 11B ALMA RANGEL GARDENS HDFC, INC. 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, ITS SUBMITTED ELECTRONICALLY TO A REPRESENTATIVE MEMBER OF THE ORGANIZATION'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE MANAGEMENT COMMITTEE IN CHARGE OF FILING THE RETURN FOR THEIR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C ALMA RANGEL GARDENS HDFC, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CORPORATE COMPLIANCE OFFICER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE CORPORATE COMPLIANCE OFFICER WILL NOTIFY A MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE CORPORATE COMPLIANCE OFFICER AND BE REPORTED TO THE GOVERNING BODY. IF THE CORPORATE COMPLIANCE OFFICER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 ALMA RANGEL HOUSING DEVELOPMENT FUND COMPANY, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. IN ADDITION, FORMS 990 AND 1023 AS WELL AS THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART IX, LINE 11G SECURITY: PROGRAM SERVICE EXPENSES 203,068. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 203,068. MAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 98,774. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 98,774. FORM 990, PART XII, LINE 2C: ALMA RANGEL GARDENS HDFC, INC.'S BOARD MEMBERS ARE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. NEW YORK FDTN FOR SENIOR CITIZENSINC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133501671 LEGAL GUARDIAN FOR ADULTS ENROLLED IN NYC'S HUMAN RESOURCES ADMIN. PRGM. NY 501(C)(3) LINE 7 NEW YORK FOUNATION FOR SENIOR CITIZENS 0 1850 SECOND AVENUE SERVICES CORP 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133557175 SUBSIDIZED HOUSING FOR THE LOW INCOME. NY 501(C)(3) LINE 10 NEW YORK FOUNATION FOR SENIOR CITIZENS 0 GEORGE DALY HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133535818 TO PROVIDE TRANSITIONAL HOUSING FOR THE HOMELESS. NY 501(C)(3) LINE 7 NEW YORK FOUNATION FOR SENIOR CITIZENS 0 NEW YORK FDTN FOR SENIOR CITIZENS- HOME ATTENDANT SRVCES INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133083582 LONG-TERM CARE HOME ATTENDANT PROGRAM FOR THE ELDERY. NY 501(C)(3) LINE 7 NEW YORK FOUNATION FOR SENIOR CITIZENS 0 80-92 RIDGE STREET HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133584060 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNATION FOR SENIOR CITIZENS 0 TENTH AND 51ST HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133270654 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNATION FOR SENIOR CITIZENS 0 YORKVILLE GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133085054 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNATION FOR SENIOR CITIZENS 0 CONCOURSE GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133696061 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNATION FOR SENIOR CITIZENS 0 CUMBERLAND GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133907908 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNATION FOR SENIOR CITIZENS 0 NEW YORK FDTN FOR SENIOR CITIZENSINC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 132618568 IMPROVE THE QUALITY OF LIFE FOR THE ELDERLY. NY 501(C)(3) LINE 7 N/A 0 RIVER VIEW GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133995933 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNATION FOR SENIOR CITIZENS 0 SURF GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 205437122 SUBSIDIZED HOUSING FOR THE ELDERLY NY 501(C)(3) LINE 10 NEW YORK FOUNATION FOR SENIOR CITIZENS 0 SURF GARDENS CONEY ISLAND LP 11 PARK PLACE RM 1416 NEW YORK NY 10007 262956023 LOW INCOME HOUSING FOR THE ELDERLY NY SURF GARDENS GP INC N/A 0 0 SURF GARDENS GP INC 11 PARK PLACE RM 1416 NEW YORK NY 10007 262956084 REAL ESTATE NY NEW YORK FOUNDATION FOR SENIOR CITIZENS INC C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0