2024-12-11T00:57:08-06:00 2023-06-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2022-07-01 251419863 STONEBORO DEVELOPMENT CORPORATION STON 8009631280 25 LAKE STREET STONEBORO PA 16153 ELENA REITHER PRESIDENT 8009631280 2024-11-15 1 0 CASEY H PATTERSON P01281279 3362944494 2024-11-15 2022 2024-10-15 13:58:12Z LAKEVIEW MANOR ELENA REITHER 25 LAKE STREET STONEBORO PA 16153 455627 0 X N/A X 1982 PA OPERATION OF HUD SUBSIDIZED HOUSING FOR THE LOW INCOME ELDERLY 5 5 0 5 0 0 201522 234095 165665 195048 84 148 1798 26336 369069 455627 0 0 0 0 0 0 0 0 0 421078 468296 421078 468296 -52009 -12669 584859 492519 1875462 1795791 -1290603 -1303272 OPERATION OF HUD SUBSIDIZED HOUSING FOR THE LOW INCOME ELDERLY 0 0 465975 221384 STONEBORO DEVELOPMENT CORPORATION D/B/A LAKEVIEW MANOR (CORPORATION) OPERATES A 50-UNIT APARTMENT COMPLEX LOCATED IN MERCER COUNTY, PENNSYLVANIA UNDER SECTION 202 OF THE NATIONAL HOUSING ACT (ACT), WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY INDIVIDUALS. THE CORPORATION IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES, OPERATING EXPENSES, DISTRIBUTIONS TO OFFICERS OR DIRECTORS, AND OPERATING METHODS. 465975 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 X TRISHA JESTER 4122469213 1670 GOLDEN MILE HIGHWAY MONROEVILLE PA 15146 X ELENA REITHER PRESIDENT 4.00 X X 0 0 0 CASEY ROSE VICE PRESIDENT/TREASURER 1.00 X X 0 0 0 MELISSA JOHNSON SECRETARY 1.00 X X 0 0 0 WILLIAM EVERALL DIRECTOR 1.00 X 0 0 0 PATRICIA HENRY DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 234095 234095 TENANT RENTAL PAYMENTS 531110 188706 188706 LAUNDRY AND VENDING 531110 3642 3642 TENANT CHARGES 531110 2700 2700 195048 148 148 MISCELLANEOUS REVENUE 531110 26336 26336 26336 455627 221384 0 148 X 32944 32944 3064 3064 13240 13240 49817 49817 60451 60451 57951 57951 45349 45349 MANAGER SALARY REIMBURS 57397 57397 REAL ESTATE TAXES 35837 35837 CONTRACTS 28579 28579 PAYROLL REIMBURSEMENT 20044 20044 63623 61302 2321 468296 465975 2321 0 2592 3130 3248 12074 11236 2278928 1905144 431735 373784 32712 31013 105208 70646 584859 492519 92504 61322 3454 0 1765857 1718468 13647 16001 1875462 1795791 X -1290603 -1303272 -1290603 -1303272 584859 492519 -12669 0 X 0 1 X 1 1 1 X 226601 217535 223986 201522 234095 1103739 901912 170805 167463 195048 1435228 226601 1119447 394791 368985 429143 2538967 0 0 0 2538967 631 363 137 84 148 1363 631 363 137 84 148 1363 13265 2660 15925 240497 1122470 394928 369069 429291 2556255 0.99320 0.98060 0.00050 0.00060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000 50000 2047969 1748998 298971 96584 90113 6471 84375 66033 18342 373784 RESERVE FOR REPLACEMENT 25394 TAX AND INSURANCE ESCROW 26149 TENANT SECURITY DEPOSITS 16315 PRINCIPAL PAYMENTS RESERVE 2788 70646 TENANT SECURITY DEPOSITS 16001 16001 X 455627 0 455627 0 455627 468296 0 468296 0 468296 PART X, LINE 2: IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO JLD PROPERTY MANAGEMENT GROUP THROUGH MAY 2023. ON JUNE 1, 2023, THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO ARBORS MANAGEMENT, INC. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS SHALL BE ELECTED AS FOLLOWS: THREE BY THE STONEBORO LIONS CLUB, THREE BY THE LUTHERAN SERVICE SOCIETY OF WESTERN PENNSYLVANIA, AND ONE BY THE LOCAL STEERING COMMITTEE OF THE STONEBORO MEALS-ON-WHEELS PROGRAM. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD DOES NOT HAVE COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, COPY OF FORM 990, AND OTHER GOVERNING DOCUMENTS AVAILABLE UPON REQUEST AT THE MANAGEMENT AGENT. FORM 990, PART IX, LINE 24E SUPPLIES: PROGRAM SERVICE EXPENSES 18,642. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,642. SECURITY: PROGRAM SERVICE EXPENSES 13,808. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,808. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 11,271. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,271. MORTGAGE INSURANCE PREMIUM: PROGRAM SERVICE EXPENSES 7,278. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,278. GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 4,087. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,087. HEATING/COOLING REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 4,008. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,008. MISCELLANEOUS ADMINISTRATIVE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,321. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,321. BAD DEBTS: PROGRAM SERVICE EXPENSES 2,190. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,190. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 18. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18.