2024-08-08T14:19:48-05:00 2024-03-31 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2023-04-01 161059803 DUNN TOWER APARTMENTS INC DUNN 5854295520 100 DUNN TOWER DRIVE ROCHESTER NY 14606 PASQUALE A DILUCIA PRESIDENT 5854295520 2024-07-10 1 0 JASON REDMAN P02388231 5854231860 2024-07-11 2023 2024-08-08 14:25:15Z PASQUALE A DILUCIA 100 DUNN TOWER DRIVE ROCHESTER NY 14606 1538579 0 X N/A X 1977 NY TO PROVIDE LOW RENTAL HOUSING TO THE AGED WITH LOW INCOME 9 9 0 9 0 0 0 0 1363850 1537205 -9346 -1252 1200 1200 1355704 1537153 0 0 0 0 270468 297771 0 0 0 1030010 1136819 1300478 1434590 55226 102563 3028048 3068601 1533683 1471673 1494365 1596928 TO PROVIDE LOW RENTAL HOUSING TO THE AGED WITH LOW INCOME 0 0 1277045 1535779 PROVIDING LOW RENTAL HOUSING TO THE AGED WITH LOW INCOME. 1277045 1 0 0 0 0 0 0 0 0 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 1 1 0 0 0 1 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X PHILIPPONE REALTY INC 5854295520 100 DUNN TOWER DRIVE ROCHESTER NY 14606 X MICHELLE PALERMO SECRETARY 1.00 1.00 X X 0 0 0 CHRIS MANGONE DIRECTOR 1.00 1.00 X 0 0 0 RHODA RIDE VICE-PRESIDENT (DIED JUNE 2024) 1.00 1.00 X X 0 0 0 PASQUALE A DILUCIA PRESIDENT 1.00 1.00 X X 0 0 0 SCOTT BIRNIE TREASURER 1.00 1.00 X X 0 0 0 ED MAURO DIRECTOR (DIED APRIL 2023) 1.00 1.00 X 0 0 0 DOUG FORD DIRECTOR 1.00 1.00 X 0 0 0 JAMES P VANBREDERODE DIRECTOR 1.00 1.00 X 0 0 0 CHRIS ELKINS DIRECTOR 1.00 1.00 X 0 0 0 CHRIS DIPONZIO DIRECTOR (STARTED JAN 2024) 1.00 1.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME TENANTS 531110 814744 814744 TENANT ASSISTANCE PAYM 531390 612255 612255 RETAINED EXCESS INCOME 531390 71755 71755 LAUNDRY AND VENDING RE 531390 22184 22184 MISCELLANEOUS RENT REV 531390 16267 16267 1537205 174 174 1200 0 1200 1200 1200 1426 -1426 -1426 -1426 1537153 1535779 0 1374 228561 228561 46175 46175 23035 23035 141587 141587 4168 4168 12800 12800 2003 2003 32057 32057 188746 188746 74927 74927 230310 230310 206385 206385 CONTRACTS 117350 117350 MATERIALS & SUPPLIES 72890 72890 TRASH & SNOW REMOVAL 26036 26036 MISCELLANEOUS 11960 8802 3158 15600 15600 1434590 1277045 157545 0 18559 41676 1210 3914 95929 100484 9617073 7285006 2346896 2332067 565454 590460 3028048 3068601 28755 34595 1410592 1340476 94336 96602 1533683 1471673 X 1494365 1596928 1494365 1596928 3028048 3068601 102563 0 X X 0 1 X 1 1 1 X 1090984 1042671 1019010 1363850 1537205 6053720 1090984 1042671 1019010 1363850 1537205 6053720 0 0 0 6053720 5419 1322 1415 1291 1374 10821 5419 1322 1415 1291 1374 10821 1096403 1043993 1020425 1365141 1538579 6064541 0.99820 0.99730 0.00180 0.00270 X 72797 72797 8078654 6136289 1942365 927401 721011 206390 538221 427706 110515 2332067 ESCROW DEPOSITS 136954 TENANT/PATIENTS DEPOSITS HELD IN TRUST 88902 REPLACEMENT RESERVE 168101 OTHER RESERVES 196503 590460 MISCELLANEOUS CURRENT LIABILITIES 7700 TENANT/PATIENTS DEPOSITS HELD IN TRUST (CONTRA) 88902 96602 X 1538579 1426 1426 1537153 0 1537153 1436016 1426 1426 1434590 0 1434590 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE STATE REGULATIONS. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE VARIOUS JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE ORGANIZATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND ALSO FILES IN NEW YORK STATE. WITH FEW EXCEPTIONS, AS OF MARCH 31, 2024, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO MARCH 31, 2021. THE TAX RETURNS FOR THE YEARS ENDED MARCH 31, 2021 THROUGH MARCH 31, 2024 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE ORGANIZATION BELIEVES THEY HAVE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, THEY HAVE NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS 1,426. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS 1,426. FORM 990, PART VI, SECTION A, LINE 3 PHILIPPONE REALTY, INC. IS THE MANAGEMENT AGENT FOR THE OPERATIONS OF DUNN TOWER APARTMENTS, INC. PHILIPPONE REALTY, INC. IS RESPONSIBLE FOR THE PHYSICAL MAINTENANCE AND FINANCIAL ADMINISTRATION OF THE PROJECT. PHILIPPONE HIRES ALL EMPLOYEES AND LEASES THEM TO DUNN. DUNN PAYS A MANAGEMENT FEE FOR SERVICES RENDERED, 50% OF THE SITE MANAGER'S SALARY, AND REIMBURSES PHILIPPONE FOR ADDITIONAL LEASED EMPLOYEES. THERE WERE 4 PHILIPPONE EMPLOYEES THAT WERE LEASED TO DUNN AND SALARIES AND BENEFITS REIMBURSED TO PHILIPPONE DURING THE TAX YEAR. TOTAL MANAGEMENT FEES DURING THE YEAR WERE $141,587. IN ADDITION DUNN RENTS OFFICE SPACE TO PHILIPPONE REALTY, INC. FOR A SET AMOUNT EACH YEAR TOTALING $1,200 DURING THE CURRENT YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE BOARD, REVIEWED FOR ACCURACY AND FILED UPON APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE ASKED TO COMPLETE A STATEMENT AT THE FIRST MEETING OF THE YEAR STATING WHAT, IF ANY, CONFLICTS OF INTEREST HAVE ARISEN. FORM 990, PART VI, SECTION C, LINE 19 TO THE EXTENT PRACTICABLE, THE ORGANIZATION MAKES ACCESSIBLE TO THE PUBLIC UPON REQUEST DOCUMENTATION PERTAINING TO ITS MISSION, CURRENT ACTIVITIES, MOST RECENT FINANCIAL REPORTS, CURRENT YEAR BUDGET AND ITS MOST RECENT INDEPENDENT AUDIT REPORT (UNLESS EXEMPT UNDER POL 87 FROM THE REFORM ACT). FORM 990, PART XII, LINE 2C THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS. ST THEODORES APARTMENTS HOUSING DEV FUND CO INC 200 DUNN TOWER DRIVE ROCHESTER NY 14606 161142463 TO PROVIDE LOW RENTAL HOUSING TO THE AGED WITH LOW INCOME NY 501(C)(3) 9 N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0