2024-10-21T14:12:03-05:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 878 VETERANS MEMORIAL HWY 4TH FLOOR HAUPPAUGE NY 11788 990 2023-01-01 113479985 TWB RESIDENTIAL OPPORTUNITIES INC TWBR 6319280202 1401 MAIN ST PORT JEFFERSON NY 11777 KIMBERLY DILGEN VICE PRESIDENT 6319280202 2024-10-21 1 0 X GARRETT M HIGGINS P00543209 6314349500 2024-10-21 2023 2024-10-15 13:58:12Z KIMBERLY DILGEN 1401 MAIN ST PORT JEFFERSON NY 11777 276008 0 X N/A X 1998 NY TO ESTABLISH, OPERATE AND MAINTAIN COMMUNITY RESIDENCES FOR PERSONS WITH DISABILITIES IN SUFFOLK COUNTY. 6 6 0 8 0 0 232201 234061 37668 41389 476 558 0 0 270345 276008 0 0 0 0 0 0 0 0 0 288266 238725 288266 238725 -17921 37283 429365 413249 1208814 1155415 -779449 -742166 TO ESTABLISH, OPERATE AND MAINTAIN COMMUNITY RESIDENCES FOR PERSONS WITH DISABILITIES IN SUFFOLK COUNTY. 0 0 223725 41389 TWB RESIDENTIAL OPPORTUNITIES, INC. WHOSE PURPOSE IS TO ESTABLISH, OPERATE AND MAINTAIN COMMUNITY RESIDENCES FOR PERSONS WITH DISABILITIES IN SUFFOLK COUNTY, NEW YORK. TWB RESIDENTIAL OPPORTUNITIES, INC. OPERATES A 10-UNIT MULTIPLE FAMILY HOUSING PROJECT. 223725 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 1 1 1 1 1 0 0 1 0 1 1 0 0 0 NY X X KIMBERLY DILGEN 6319280202 1401 MAIN STREET PORT JEFFERSON NY 11777 FRANCIS X BURKE THRU 12-31-2023 EXECUTIVE DIRECTOR 5.00 35.00 X X 0 339482 750371 JOHN J ANDREWS PRESIDENT 0.10 1.10 X X 0 0 0 CAMILLE SULLIVAN VICE PRESIDENT 0.10 1.10 X X 0 0 0 FR FRANCIS PIZZARELLI TREASURER 0.10 1.10 X X 0 0 0 WILLIAM DEVORE DIRECTOR 0.10 1.10 X 0 0 0 KATHRYN BERNSTEIN DIRECTOR 0.10 1.10 X 0 0 0 MICHAEL ROSS DIRECTOR 0.10 1.10 X 0 0 0 KIMBERLY DILGEN CHIEF EXECUTIVE OFFICER 5.00 35.00 X 0 162370 34279 KATHLEEN TYLER PRORAM DIRECTOR 0.10 1.10 X 0 166523 27442 MONICA MASSARO ASST PROGRAM DIRECTOR 0.10 1.10 X 0 132284 7365 0 800659 819457 0 0 1 0 0 234061 234061 RENT REVENUE GROSS POT 624200 41389 41389 41389 558 558 276008 41389 0 558 X 14601 14601 15000 15000 32348 32348 16271 16271 7177 7177 3001 3001 ALLOCATED WAGES & BENEF 149487 149487 SNOW REMOVAL 840 840 238725 223725 15000 0 11300 10712 21418 22 1106 0 424589 132039 283727 292550 111814 109965 429365 413249 211049 157738 2665 2577 995100 995100 1208814 1155415 X -779449 -742166 -779449 -742166 429365 413249 37283 0 X X 0 1 X 1 1 1 X 199980 204271 192638 232201 234061 1063151 199980 204271 192638 232201 234061 1063151 1063151 210 1055 754 476 558 3053 1066204 189820 0.99710 0.99730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 166582 166582 258007 132039 125968 292550 ESCROW DEPOSIT 5257 REPLACEMENT RESERVE 102001 RESIDUAL RECEIPTS 130 TENANT DEPOSIT HELD IN TRUST 2577 109965 CAPITAL ADVANCE 995100 995100 X 276008 0 276008 0 276008 238725 0 238725 0 238725 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE APARTMENT. PART X, LINE 2: THE ORGANIZATION, A NOT-FOR-PROFIT ORGANIZATION OPERATING UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS GENERALLY EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS A TAX POSITION; HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAX JURISDICTION. FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS. 0 0 0 0 0 0 0 0 0 FRANCIS X BURKE THRU 12-31-2023 EXECUTIVE DIRECTOR 0 316897 0 22585 0 0 0 747100 0 3271 0 1089853 0 0 KIMBERLY DILGEN CHIEF EXECUTIVE OFFICER 0 150121 0 12249 0 0 0 9948 0 24331 0 196649 0 0 KATHLEEN TYLER PRORAM DIRECTOR 0 153270 0 13253 0 0 0 10269 0 17173 0 193965 0 0 PART I, LINE 3 THE PROCESS FOR THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY A RELATED ENTITY, THE WAY BACK, INC. BELOW IS THEIR PROCESS: THE COMPENSATION COMMITTEE, AN AD HOC STATUS OF THE PERSONNEL COMMITTEE, MADE UP OF THE BOARD PRESIDENT AND ITS VICE PRESIDENT, MEET TO DISCUSS THE MATTER OF THE EXECUTIVE DIRECTOR'S SALARY. RESOURCES USED BY THIS COMMITTEE IN ARRIVING AT THEIR RECOMMENDATION TO THE BOARD INCLUDE BUT ARE NOT LIMITED TO: A. COMPENSATION STUDIES PUBLISHED BY GUIDESTAR (AN INDUSTRY STANDARD PUBLICATION) AND BY ABBOT, LANGER & ASSOC., INC. ("COMPENSATION OF CHIEF EXECUTIVE OFFICERS IN NONPROFIT ORGANIZATIONS"). B. HISTORIC 990 FILINGS OF SIMILAR LONG ISLAND ORGANIZATIONS AVAILABLE THROUGH GUIDESTAR. C. GUIDELINES PROMULGATED BY THE NYS GOVERNOR'S EXECUTIVE COMPENSATION TASK FORCE, THE NEW YORK STATE OFFICE OF MENTAL HEALTH ANY OTHER AVAILABLE PUBLISHED NYS GUIDELINES FOR EXECUTIVE COMPENSATION. THE EXECUTIVE DIRECTOR HAS ALWAYS HAD AN EMPLOYMENT CONTRACT APPROVED BY THE BOARD AND SIGNED BY THE BOARD PRESIDENT. THAT DOCUMENT IS HELD IN THE BOARD MINUTES AND BY THE EXECUTIVE DIRECTOR. AS PART OF THE REVIEW AND APPROVAL PROCESS, THE EXECUTIVE DIRECTOR IS REMOVED FROM THE MEETING ROOM WHEN THE MATTER OF HIS/HER COMPENSATION IS DISCUSSED AND VOTED ON BY THE BOARD. THE BOARD INFORMS THE EXECUTIVE DIRECTOR UPON HIS/HER RETURN TO THE MEETING. FORM 990, PART VI, SECTION A, LINE 3 TWB RESIDENTIAL OPPORTUNITIES, INC. PURCHASES MANAGEMENT SERVICES FROM THE WAY BACK, INC., ITS PARENT ENTITY. THESE SERVICES INCLUDE ADMINISTRATIVE AND FINANCE SERVICES TO MANAGE THE HUD PROPERTY. THE FOLLOWING OFFICERS WERE PAID BY THE WAY BACK, INC.: FRANCIS X. BURKE AND KIMBERLY DILGEN. IN 2023, THE ORGANIZATION INCURRED $13,561 IN FEES FOR THESE SERVICES. THE OFFICER'S COMPENSATION IS REPORTED IN PART VII, SECTION A AND SCHEDULE J, PART II, AS REQUIRED. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS THE THE WAY BACK INC. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF THE ORGANIZATION ELECTS THE GOVERNING BODY AT THE ANNUAL MEETING OF THE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS ARE SUBJECT TO THE APPROVAL OF THE MEMBER: 1. INCREASING OR DECREASING THE NUMBER OF BOARD MEMBERS 2. REMOVAL OF BOARD MEMBERS 3. AMENDMENTS TO THE BYLAWS FORM 990, PART VI, SECTION B, LINE 11B AFTER THE 990 IS PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED, EACH MEMBER OF THE BOARD IS PROVIDED AN ELECTRONIC COPY OF THE ANNUAL 990 TO REVIEW. ANY ISSUES NOTED BY THE BOARD ARE REVIEWED AND CORRECTED. ONCE THE BOARD HAS APPROVED THE RETURN, IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION DOES NOT HAVE ITS OWN CONFLICT OF INTEREST POLICY, HOWEVER IT FOLLOWS THE RULES AND REQUIREMENTS OF ITS PARENT ENTITY'S POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 830. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 830. CONTRACTS: PROGRAM SERVICE EXPENSES 31,518. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,518. PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT 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. THE WAY BACK INC 1401 MAIN ST PORT JEFFERSON NY 11777 112551825 PROVIDE REHABILITATIVE HOUSING SERVICE & SUPPORT TO PEOPLE WITH DISABILITIES NY 501(C)(3) LINE 10 N/A 0 TWB RESIDENTIAL OPPORTUNITIES II INC 1401 MAIN ST PORT JEFFERSON NY 11777 113527535 PROVIDES HOUSING FOR PERSONS WITH DISABILITIES NY 501(C)(3) LINE 7 THE WAY BACK INC 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 THE WAYBACKINC P 121950 ALLOCATED COST