2024-11-11T09:16:58-06:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 50 ROCKEFELLER PLAZA NEW YORK NY 10020 990 2023-01-01 831529155 BEDFORD 203 HOUSING DEVELOPMENT FUND CORPORATION BEDF 2122529377 243 WEST 30TH STREET 2ND FL NEW YORK NY 10001 JAMES M DILL EXECUTIVE DIRECTOR 2122529377 2024-10-16 1 0 AMANDA ADAMS P00748038 2126971000 2023 2024-10-15 13:58:12Z JAMES M DILL 243 WEST 30TH STREET 2ND FL NEW YORK NY 10001 1356003 0 X WWW.HSI-NY.ORG X 2018 NY THE ORGANIZATION OPERATES PERMANENT SUPPORTIVE AND AFFORDABLE HOUSING. 3 1 17 0 0 0 564880 1356003 0 0 0 0 0 0 564880 1356003 0 1649 0 0 613978 1108774 0 0 0 231501 249708 845479 1360131 -280599 -4128 706682 698855 1075193 1071494 -368511 -372639 THE ORGANIZATION OPERATES PERMANENT SUPPORTIVE AND AFFORDABLE HOUSING. 0 0 1360131 1649 THE ORGANIZATION PROVIDES SOCIAL SERVICES TO THE RESIDENTS OF THE LOW-INCOME SUPPORTIVE HOUSING PROJECT KNOWN AS THE BEDFORD. THE PROJECT HAS 107 HOUSING UNITS AND IS SITUATED AT 211 EAST 203RD STREET, BRONX, NY. THE SERVICES ARE FUNDED BY A SOCIAL SERVICE CONTRACT WITH THE NYC DEPARTMENT OF HEALTH AND MENTAL HYGIENE. ALL ADMITTED RESIDENTS ARE REQUIRED TO MEET HUD'S CRITERIA FOR LOW INCOME. 1360131 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 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 1 1 0 0 1 3 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X MARK SHAPIRO 2122529377 243 WEST 30TH STREET 2ND FL NEW YORK NY 10001 JAMES M DILL TRUSTEE/EXECUTIVE DIRECTOR 2.50 32.50 X X 0 172990 21550 MOLLY MATTIMORE TRUSTEE/SECRETARY/EXC DEP DIRECTOR 2.50 32.50 X X 0 177244 9936 MARTIN MELTZER TRUSTEE/CHAIR 1.00 3.00 X 0 0 0 MARK SHAPIRO CHIEF FINANCIAL OFFICER 2.50 32.50 X 0 134808 18408 DAN DANAHER DIRECTOR OF OPERATIONS 6.00 29.00 X 0 150558 4935 KRISTI CILENTI DIRECTOR OF PROGRAMS 5.50 29.50 X 0 153520 25681 ALMIR LALICIC DIRECTOR OF PROPERTY MANAGEMENT 6.00 29.00 X 0 118707 24743 RALPH GARCIA SECURITY DIRECTOR 6.00 29.00 X 0 132570 3156 0 1040397 108409 0 0 1 0 0 1356003 1356003 1356003 0 0 0 1649 1649 939986 939986 935 935 87393 87393 80460 80460 36316 36316 9414 9414 15409 15409 36 36 11997 11997 11677 11677 SOCIAL SERVICES 140077 140077 EQUIPMENT LEASING 22404 22404 DUES & SUBSCRIPTIONS 2378 2378 1360131 1360131 0 0 34222 169277 564880 510631 5400 9474 1 102179 9473 706682 698855 47820 58061 1027373 1013433 1075193 1071494 X 0 0 0 0 -368511 -372639 -368511 -372639 706682 698855 -4128 0 X 0 1 X 1 0 X 564880 1356003 1920883 564880 1356003 1920883 1920883 1920883 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO HOUSING & SERVICES, INC 651467 CONTRACT ADVANCES 292630 DUE TO BEDFORD 203 LP 69336 1013433 X PART X, LINE 2: THE HSI GROUP FOLLOWS ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE HSI GROUP MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. AS OF DECEMBER 31, 2023 AND 2022, THE HSI GROUP HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE HSI GROUP HAD NO INTEREST OR PENALTIES RELATED TO INCOME TAXES. 0 0 0 0 0 0 0 0 0 JAMES M DILL TRUSTEE/EXECUTIVE DIRECTOR 0 172990 0 0 0 0 0 0 0 21550 0 194540 0 0 MOLLY MATTIMORE TRUSTEE/SECRETARY/EXC DEP DIRECTOR 0 177244 0 0 0 0 0 943 0 8993 0 187180 0 0 KRISTI CILENTI DIRECTOR OF PROGRAMS 0 148717 0 4803 0 0 0 854 0 24827 0 179201 0 0 DAN DANAHER DIRECTOR OF OPERATIONS 0 146039 0 4519 0 0 0 1800 0 3135 0 155493 0 0 MARK SHAPIRO CHIEF FINANCIAL OFFICER 0 130576 0 4232 0 0 0 780 0 17628 0 153216 0 0 FORM 990, PART VI, SECTION A, LINE 6 HOUSING AND SERVICES, INC. IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A HSI ELECTS THE DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING CORPORATE ACTIONS MAY NOT BE TAKEN WITHOUT APPROVAL OF HSI: ANY AMENDMENT OF, OR CHANGE TO, THE CERTIFICATE OF INCORPORATION; PETITION FOR JUDICIAL DISSOLUTION; AND ANY RESOLUTION TO DISPOSE OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS OF THE CORPORATION, APPROVAL OF A PLAN OF MERGER, AUTHORIZE A PLAN OF NON-JUDICIAL DISSOLUTION, OR REVOKE A VOLUNTARY DISSOLUTION PROCEEDING. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO SUBMISSION, THE ORGANIZATION'S EXECUTIVE DIRECTOR/TREASURER REVIEWED THE DRAFT RETURN IN DETAIL WITH THE RETURN'S PREPARER AND CIRCULATED THE REVIEWED DRAFT TO THE REMAINING FULL BOARD CONSISTING OF THE ORGANIZATION'S CHAIR AND CORPORATE SECRETARY FOR THEIR REVIEW AND COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION IS A MEMBERSHIP NEW YORK STATE NOT-FOR-PROFIT ORGANIZATION WHOSE SOLE MEMBER IS HOUSING AND SERVICES, INC., A NEW YORK STATE NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER IRS CODE 501(C)(3). HOUSING AND SERVICES, INC. IS THE ORGANIZATION'S SPONSOR, DEVELOPER OF ITS LOW-INCOME HOUSING PROJECT AND WILL ACT AS THE PROJECTS PROPERTY MANAGER WHEN THE PROJECT IS PLACED INTO SERVICE. IN CONJUNCTION WITH ACTIONS OF THE BOARD OF HOUSING AND SERVICES, INC., THE ORGANIZATION ADOPTED A FORMAL WRITTEN CONFLICT OF INTEREST POLICY REQUIRING THAT ALL TRUSTEES READ AND SIGN WRITTEN ACKNOWLEDGEMENT THAT THEY HAVE READ THE POLICY, UNDERSTAND THE POLICY AND HAVE MADE ALL REQUIRED DISCLOSURES UNDER THE POLICY ON AN ANNUAL BASIS. IN CONJUNCTION WITH ACTIONS OF THE BOARD OF HOUSING AND SERVICES, INC, THE ORGANIZATION'S BOARD OF TRUSTEES HAS A FINANCE COMMITTEE WHOSE FUNCTIONS INCLUDE A REVIEW FOR COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ON A MINIMUM OF AN ANNUAL BASIS. THE ANNUAL REVIEWS WERE PERFORMED AND THE RESULTS OF THESE REVIEWS WERE REPORTED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 IN CONJUNCTION WITH ACTIONS OF THE BOARD OF HOUSING AND SERVICES, INC., THE ORGANIZATION HAS CHARGED THE EXECUTIVE COMMITTEE OF HOUSING AND SERVICES, INC. WITH AN ANNUAL REVIEW TO ENSURE THAT SENIOR MANAGEMENT COMPENSATION IS REASONABLE. THE COMMITTEE IS PROVIDED INFORMATION FOR COMPARABLE PEER ORGANIZATIONS AND CONSIDERS SENIOR MANAGEMENT OF RESPONSIBILITIES AND RECENT JOB PERFORMANCE IN ITS DETERMINATION OF THE REASONABLENESS OF SENIOR MANAGEMENT. THE COMMITTEE MEETS AT LEAST ONCE ANNUALLY AND ALSO MEETS ON AN AD HOC BASIS WHEN CHANGES TO SENIOR MANAGEMENT COMPENSATION ARE CONSIDERED. THE FULL BOARD AND THE EXECUTIVE COMMITTEE HAVE CURRENTLY DEFINED SENIOR MANAGEMENT AS THE EXECUTIVE DIRECTOR AND DEPUTY EXECUTIVE DIRECTOR. SENIOR MANAGEMENT COMPENSATION IS PAID BY HOUSING AND SERVICES, INC. AND IS NOT PAID BY THE ORGANIZATION. THE ORGANIZATION'S EXECUTIVE DIRECTOR AND CORPORATE SECRETARY ARE AN EMPLOYEES OF HOUSING AND SERVICES, INC. THEIR COMPENSATION IS PAID SOLELY BY HOUSING AND SERVICES, INC. AND NONE OF THEIR COMPENSATION IS PAID BY THE ORGANIZATION OR ANY OTHER RELATED ENTITY BESIDES HOUSING AND SERVICES, INC. HOUSING AND SERVICES, INC. ACCOUNTS FOR THE POOL OF COSTS IT INCURS TO MANAGE ITS CONTROLLED RELATED ENTITIES, INCLUDING THE ORGANIZATION, AND CHARGES EACH RELATED ENTITY, INCLUDING THE ORGANIZATION, FOR THEIR ALLOCABLE PORTION OF THE TOTAL POOL, WHICH INCLUDES ALLOCATIONS OF THE COMPENSATION OF HOUSING AND SERVICES, INC.'S SENIOR MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990, AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. KENMORE HOUSING DEVELOPMENT FUND CORPORATION 243 WEST 30TH STREET NEW YORK NY 10001 133862850 OPERATION OF LOW INCOME SUPPORTIVE HOUSING PROJECT NY 501(C)(3) LINE 7 HOUSING & SERVICES INC 0 NARRAGANSETT HOUSING DEVELOPMENT FUND CORPORATION 243 WEST 30TH STREET NEW YORK NY 10001 133685749 OPERATION OF LOW INCOME SUPPORTIVE HOUSING PROJECT NY 501(C)(3) LINE 7 HOUSING AND SERVICES INC 0 CECIL HOUSING DEVELOPMENT FUND CORPORTATION 243 WEST 30TH STREET NEW YORK NY 10001 142012874 OPERATION OF LOW INCOME SUPPORTIVE HOUSING PROJECT NY 501(C)(3) LINE 7 HOUSING & SERVICES INC 0 HOUSING AND SERVICES INC 243 WEST 30TH STREET NEW YORK NY 10001 510201833 MANAGEMENT/DEVELOPMENT OF SPECIAL NEEDS HOUSING NY 501(C)(3) LINE 7 0 BEDFORD 203 LP 243 WEST 30TH STREET NEW YORK NY 10001 832069350 LOW INCOME HOUSING NY N/A 0 0 BEDFORD 203 GP INC 243 WEST 30TH STREET 2ND FL NEW YORK NY 10001 832080549 HOUSING NY BEDFORD 203 HOUSING DEVELOPMENT FUND CORP C 5414967 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 BEDFORD 203 LP E 69336 BOOK SCHEDULE R, PART II: FOR SCHEDULE R REPORTING PURPOSES KENMORE HOUSING CORP (KHC) AND KENMORE ASSOCIATES, LP (KLP) ARE NOT CONSIDERED RELATED ENTITIES. HOWEVER IT IS NOTED THAT KHC IS A NYS FOR PROFIT CORPORATION WHOLLY OWNED BY KENMORE HOUSING DEVELOPMENT FUND CORPORATION. KHC'S SOLE ACTIVITY IS TO ACT AS THE GENERAL PARTNER (.01% INTEREST) OF KLP. KLP IS THE LANDLORD ENTITY OF THE SUPPORTIVE HOUSING PROJECT KNOWN AS KENMORE HALL. HSI HAS A 99.9% LIMITED PARTNER INTEREST IN KLP. KHC'S BOARD OF DIRECTORS CONSISTS OF MARY R. HARDIN, HSI BOARD CHAIR, JAMES DILL, HSI EXECUTIVE DIRECTOR, AND MOLLY MATTIMORE, HSI DEPUTY EXECUITY DIRECTOR AND CORPORATE SECRETARY.