2024-04-26T08:58:13+00:00 2023-06-30 350921680 CROWE LLP 400 Capitol Mall Suite 1400 Sacramento CA 958144498 990 2022-07-01 131624000 Federation Employment and Guidance Service Inc FEDE 2123668400 2 PARK AVENUE 20TH FLOOR NEW YORK NY 10016 Judith Pincus Plan Administrator 2024-04-26 true Judith Pincus 999009999 Conrad Davis P00096450 9164411000 2022 2023-04-26 12:10:37Z Judith Pincus 2 PARK AVENUE 20TH FLOOR NEW YORK NY 10016 191875 false X FEGS.ORG X 1934 NY FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") IS A NOT-FOR-PROFIT HEALTH AND HUMAN SERVICES ORGANIZATION WHICH UNTIL MAY 2015 PROVIDED A BROAD RANGE OF (CONTINUED IN SCHEDULE O) X 0 0 5 0 0 0 0 0 251 2305 89306 189570 89557 191875 0 0 1023055 800751 0 0 999519 1697004 2022574 2497755 -1933017 -2305880 2112207 153511 25578662 25137759 -23466455 -24984248 FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") IS A NOT-FOR-PROFIT HEALTH AND HUMAN SERVICES ORGANIZATION WHICH UNTIL MAY 2015 PROVIDED A BROAD RANGE OF HEALTH AND SOCIAL SERVICES TO MORE THAN 120,000 INDIVIDUALS ANNUALLY (CONTINUED IN SCHEDULE O) false false 2090671 0 0 ON MARCH 18, 2015 (THE "PETITION DATE"), FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. SHORTLY PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED, PURSUANT TO COURT ORDER, ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT ORGANIZATIONS WHO ASSUMED THE OPERATIONS FOR THE DEBTOR'S FORMER PROGRAMS. IN ORDER TO PREVENT THE DISLOCATION OF ITS FORMER CLIENTS, FEGS SUBSEQUENTLY LEASED ITS FACILITIES, PURSUANT TO COURT ORDER, TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OR ASSIGNMENT OF ITS FACILITIES COULD BE COMPLETED AND APPROVED BY THE COURT. PURSUANT TO AN ORDER ENTERED FEBRUARY 6, 2018 (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED THE DEBTOR'S PLAN. THE DEBTOR'S PLAN BECAME EFFECTIVE ON MARCH 1, 2018. THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED WITH THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF PRIOR SALES OF THE DEBTOR'S ASSETS, TO BE DISTRIBUTED TO THE DEBTOR'S CREDITORS AS PROVIDED UNDER THE BANKRUPTCY CODE AND AS FURTHER DESCRIBED IN THE DEBTOR'S PLAN. THE CONFIRMATION ORDER APPROVED THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS WHICH IS COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS, AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF THE DEBTOR'S FORMER CLIENTS, TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER THE DEBTOR'S CHARITABLE PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO THE DEBTOR'S FORMER RESIDENTIAL CLIENTS. THE CONFIRMATION ORDER ALSO APPROVED THE PRIVATE SALE OF THE DEBTOR'S MEMBERSHIP AND SPONSORSHIP INTERESTS IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS (THE "HOUSING CORPORATION INTERESTS"). THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF THE DEBTOR AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. DURING THE CURRENT TAX YEAR AND PURSUANT TO COURT ORDERS INCLUDING THE CONFIRMATION ORDER, THE DEBTOR CONTINUED THE PROCESS OF WINDING-UP ITS OPERATIONS AND IMPLEMENTATION OF THE PLAN AS APPROVED BY THE COURT. SUCH WIND-UP ACTIVITIES INCLUDE BUT ARE NOT LIMITED TO THE DEBTOR'S SALE OF ITS INTERESTS IN ONE OF THE FOUR HOUSING CORPORATIONS. AT END OF YEAR, THE DEBTOR CONTINUED TO OWN THE HOUSING CORPORATION INTERESTS IN THREE HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THE DEBTOR CONTINUED TO MARKET FOR SALE ITS INTERESTS IN THE THREE REMAINING HOUSING CORPORATIONS. FEGS REALIZED $89,306 IN PROGRAM REVENUE DURING THE CURRENT TAX YEAR. THE EXPENSES REFLECTED IN PART III CONSIST OF EXPENSES INCURRED IN THE WIND-UP OF THE DEBTOR'S OPERATIONS, THE IMPLEMENTATION OF THE DEBTOR'S PLAN OF LIQUIDATION PURSUANT TO THE CONFIRMATION ORDER, AND ADMINISTRATION OF THE HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS UNTIL THE SALE OF THE DEBTOR'S INTERESTS IN THE REMAINING THREE HOUSING CORPORATIONS CAN BE SOLD. 2090671 true false false false false false false false false false false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false true false true true true false false true X 45 0 true 5 true false false false false false false false false false false false false X 0 0 false false false false false false false false false false false true true true true true true false false false NY X Judith Pincus CO FEGS 2123668400 2 PARK AVENUE 20TH FLOOR NEW YORK NY 10016 JUDITH PINCUS CHIEF WIND-DOWN OFFICER, PLAN ADMINISTRATOR 30.5 4.5 X 235843 0 36729 MICHAEL H KIRSHNER CONTROLLER / VICE PRESIDENT (Through March 2023) 32.0 3.0 X 221434 0 55866 Andrew Slutsky Director, Sr./HR 32.0 3.0 X 116156 0 50850 573433 0 143445 3 false true false GARFUNKEL WILD PC 111 Great Neck Rd Great Neck NY 11021 BANKRUPTCY PROF. FEES 236322 CROWE LLP 485 Lexington Avenue Floor 11 New York NY 10017 BANKRUPTCY PROF. FEES 119116 2 0 0 0 0 0 0 2305 2305 0 0 0 0 Miscellaneous Income 900099 189570 189570 0 0 0 0 189570 191875 0 0 191875 X 588438 588438 49233 49233 129600 129600 33480 33480 80115 80115 326969 326969 23689 23689 0 0 1136 1136 7815 7815 59105 59105 10312 10312 29093 29093 U.S Trustee Fees 6872 6872 Records Custodian 306 306 1151592 1151592 0 0 2497755 2090671 407084 0 749557 69719 1344003 79731 0 0 0 0 0 0 0 0 0 0 0 0 18647 4061 2112207 153511 20837548 20427538 0 0 3652568 3652568 1088546 1057653 25578662 25137759 X -23466455 -24984248 0 0 -23466455 -24984248 2112207 153511 X -2305880 462083 326004 X false false false X X 1 US Bankruptcy Court for the Eastern District of New York 000000000 6 false 0 0 1 0 0 false false false false true false false false false false false false false false false false false true false Schedule A, Part I, Line 12 justification for supporting organization ESTABLISHED IN 1934, FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") WAS A NOT-FOR-PROFIT HEALTH AND HUMAN SERVICES ORGANIZATION WHICH UNTIL MAY 2015 PROVIDED A BROAD RANGE OF HEALTH AND SOCIAL SERVICES TO MORE THAN 120,000 INDIVIDUALS ANNUALLY IN THE AREAS OF BEHAVIORAL, HEALTH, INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, HOUSING, HOME CARE, EMPLOYMENT / WORKFORCE, EDUCATION, YOUTH AND FAMILY SERVICES. FEGS ALSO ADMINISTERED COMPLEX RESIDENTIAL AND SUPPORT PROGRAMS FOR THE INTELLECTUALLY AND DEVELOPMENTALLY DISABLED AND A COMPREHENSIVE PORTFOLIO OF BEHAVIOR TREATMENT AND RESIDENTIAL PROGRAMS FOR THE MENTALLY ILL IN THE METROPOLITAN NEW YORK AND LONG ISLAND AREA. AT ITS PEAK, THE DEBTOR OPERATED A NETWORK OF OVER 350 PROGRAMS AND EMPLOYED APPROXIMATELY 2200 HIGHLY SKILLED PROFESSIONALS. THE DEBTOR'S OPERATIONS WERE OVERSEEN AND SUBSTANTIALLY FUNDED BY NEW YORK STATE THROUGH THE NEW YORK STATE OFFICE OF MENTAL HEALTH ("OMH") AND THE OFFICE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES ("OPWDD") AND NEW YORK CITY THROUGH THE NEW YORK CITY HUMAN RESOURCES ADMINISTRATION ("HRA"), DEPARTMENT OF EDUCATION ("DOE") AND THE DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT ("DYCD"). THE DEBTOR ALSO SPONSORED A DIVERSE PORTFOLIO OF HOUSING AND RESIDENTIAL ENVIRONMENTS WHICH SUPPORTED THE HOUSING NEEDS OF THE HOMELESS, MENTALLY ILL, THOSE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, LOW INCOME INDIVIDUALS, SENIORS AND OTHERS WITH DISABILITIES. ON MARCH 18, 2015 (THE "PETITION DATE"), FEGS FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER NOT-FOR-PROFIT SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT NOT-FOR-PROFIT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS REAL ESTATE TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OF ITS REAL ESTATE COULD BE COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN"). THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF ITS FORMER CLIENTS, TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS. THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS (THE "HOUSING CORPORATION INTERESTS"). THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. ON FEBRUARY 6, 2018, PURSUANT TO THE FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN. THE PLAN BECAME EFFECTIVE MARCH 1, 2018 [DOCKET NO. 1056]. SPECIFICALLY, THE COURT AUTHORIZED THE DEBTOR AND/OR PLAN ADMINISTRATOR, AS APPLICABLE, TO TAKE ANY AND ALL ACTIONS TO (1) CONSUMMATE THE PRIVATE SALE OF THE DEBTOR'S PROGRAM PROPERTIES TO THE EXEMPT ORGANIZATION SERVICE PROVIDERS; AND (2) CONSUMMATE THE PRIVATE SALE OF THE HOUSING CORPORATION INTERESTS. THE CONFIRMATION ORDER CONFIRMED THE APPOINTMENT OF JUDITH PINCUS AS THE PLAN ADMINISTRATOR AND AUTHORIZED MS. PINCUS TO IMPLEMENT THE PLAN IN A MANNER CONSISTENT WITH THE TERMS AND CONDITIONS AS SET FORTH IN THE PLAN AND THE CONFIRMATION ORDER. PURSUANT TO THE PLAN, A CREDITOR TRUST WAS ALSO CREATED FOR THE PURPOSE OF PURSUING CERTAIN LITIGATION CLAIMS FOR THE BENEFIT OF UNSECURED CREDITORS. THE CREDITOR TRUST WAS FUNDED BY FEGS WITH CASH AND THE ASSIGNMENT OF LITIGATION CLAIMS CONSISTING OF PREFERENCE CLAIMS, CLAIMS HELD BY FEGS AGAINST TWO OF ITS FORMER OFFICERS AND CLAIMS HELD BY FEGS AGAINST ITS FORMER AUDITOR. PURSUANT TO THE CONFIRMATION ORDER AND CREDITOR TRUST AGREEMENT, ROBERT N. MICHAELSON WAS APPOINTED TRUSTEE OF THE CREDITOR TRUST. IN ADDITION TO AND SEPARATE FROM THE CREDITOR TRUST, THE PLAN ALSO REQUIRED THAT THE PLAN ADMINISTRATOR ESTABLISH A DISPUTED CLAIMS RESERVE, THE FEGS DISPUTED CLAIMS RESERVE DOF, TO PROVIDE A VEHICLE FOR THE PAYMENT OF DISPUTED GENERAL UNSECURED CLAIMS IF AND WHEN THEY BECAME ALLOWED CLAIMS. UNDER THE PLAN, THE FEGS DISPUTED CLAIMS RESERVE DOF RECEIVED THE DISPUTED GENERAL UNSECURED CREDITORS' PRO RATA SHARE OF THE CREDITOR TRUST INTERESTS ON THE DATE THAT THE TAXPAYER TRANSFERRED THE CREDITOR TRUST ASSETS (WHICH CONSISTED OF CASH AND LITIGATION CLAIMS) TO THE CREDITOR TRUST. BECAUSE AS OF THE EFFECTIVE DATE NO DETERMINATION HAD BEEN MADE AS TO WHETHER A CLAIM FILED AS A GENERAL UNSECURED CLAIM WAS ALLOWED, ALL OF THE CREDITOR TRUST INTERESTS WERE TRANSFERRED TO THE FEGS DISPUTED CLAIMS RESERVE DOF. AS OF JUNE 30, 2021, THE CREDITOR TRUST HAD COMPLETED THE MONETIZATION OF ITS ASSETS (WHICH CONSISTED PRIMARILY OF THE LITIGAITON CLAIMS) AND HAD TRANSFERRED ALL OF ITS ASSETS TO THE FEGS DISPUTED CLAIMS RESERVE DOF. IN MARCH, 2022, THE FEGS DISPUTED CLAIMS RESERVE DOF MADE ITS FIRST DISTRIBUTION TO HOLDERS OF ALLOWED GENERAL UNSECURED CLAIMS. UPON COMPLETION OF THE FIXING OF GENERAL UNSECURED CLAIMS, A SECOND AND FINAL DISTRIBUTION WILL OCCUR. THE PLAN ALSO PROVIDES IN PERTINENT PART, THAT THE PLAN ADMINISTRATOR IS TO ACT FOR FEGS IN A FIDUCIARY CAPACITY AS APPLICABLE TO A BOARD OF DIRECTORS, SUBJECT TO THE PROVISIONS OF THE PLAN. SEE PLAN §5.11(B). UNDER THE PLAN, ON THE EFFECTIVE DATE, THE MEMBERS OF FEGS' BOARD OF DIRECTORS WERE DEEMED TO HAVE RESIGNED THEIR POSITIONS AS DIRECTORS AND RELIEVED OF ALL FURTHER RESPONSIBILITIES, WITH THE OPERATION OF FEGS BECOMING THE RESPONSIBILITY OF THE PLAN ADMINISTRATOR. SEE PLAN §5.10. FOLLOWING THE EFFECTIVE DATE, AND AS PROVIDED FOR UNDER THE PLAN, THE COURT RETAINS EXCLUSIVE JURISDICTION OF THE DEBTOR'S CASE FOR THE PURPOSES AS SET FORTH IN §12.1 OF THE PLAN AND NON-EXCLUSIVE JURISDICTION OF THE DEBTOR'S CASE FOR THE PURPOSES AS SET FORTH IN §12.2 OF THE PLAN. SEE CONFIRMATION ORDER, PARAGRAPH 34. DURING THE CURRENT TAX YEAR AND PURSUANT TO COURT ORDERS INCLUDING THE CONFIRMATION ORDER, THE DEBTOR CONTINUED THE PROCESS OF WINDING-UP ITS OPERATIONS AND IMPLEMENTATION OF THE PLAN AS APPROVED BY THE COURT. DURING THE CURRENT TAX YEAR, THE DEBTOR SOLD ITS INTERESTS IN ONE OF THE FOUR HOUSING CORPORATIONS TO ANOTHER NOT FOR PROFIT EXEMPT ORGANIZATION. AT END OF YEAR, THE DEBTOR CONTINUED TO OWN THE HOUSING CORPORATION INTERESTS IN THE THREE REMAINING HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THE DEBTOR CONTINUED TO MARKET FOR SALE THE THREE REMAINING HOUSING CORPORATION INTERESTS. SINCE THE PETITION DATE, FEGS HAS FILED WITH THE COURT ITS MONTHLY OPERATING REPORT ("MOR") WHICH IS AVAILABLE FOR REVIEW. SINCE THE EFFECTIVE DATE, FEGS HAS FILED WITH THE COURT ITS OPERATING REPORT ON A QUARTERLY BASIS ("QOR") AND WHICH IS ALSO AVAILABLE FOR REVIEW. AS INDICATED ABOVE, FEGS IS IN THE PROCESS OF TRANSFERRING ITS REMAINING PROGRAMS AND ASSETS UNDER THE SUPERVISION OF THE BANKRUPTCY COURT. AT THIS POINT IN THE WIND-DOWN PROCESS, FEGS IS NO LONGER RECEIVING SUFFICIENT CONTRIBUTIONS, PROGRAM SERVICE REVENUES, GOVERNMENT GRANTS, OR OTHER TRADITIONAL SUPPORT (33% SUPPORT TEST) TO (CONTINUED IN NEXT FOOTNOTE) Schedule A, Part I, Line 12 JUSTIFICATION FOR SUPPORTING ORGANIZATION TECHNICALLY QUALIFY AS A "PUBLICLY SUPPORTED ENTITY" UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE ("IRC"), ALTHOUGH IT IS STILL IN THE PROCESS OF WINDING DOWN ITS OPERATIONS AS A NON-PROFIT ORGANIZATION AS BEFORE. GIVEN THE LIMITED AND FIXED OPTIONS OF THE REASONS FOR PUBLIC CHARITY STATUS IN SCHEDULE A, FEGS' PUBLIC CHARITY STATUS IS NOW BEING CONSIDERED THAT OF A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) UNDER THE DIRECT CONTROL AND SUPERVISION OF THE BANKRUPTCY COURT. FEGS' CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER, CREDITOR TRUST AGREEMENT, MOR, QOR, AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Schedule A, Part IV, Section A, Line 1 Supported Orgs Listed By Name ESTABLISHED IN 1934, FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") WAS A NOT-FOR-PROFIT HEALTH AND HUMAN SERVICES ORGANIZATION WHICH UNTIL MAY 2015 PROVIDED A BROAD RANGE OF HEALTH AND SOCIAL SERVICES TO MORE THAN 120,000 INDIVIDUALS ANNUALLY IN THE AREAS OF BEHAVIORAL, HEALTH, INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, HOUSING, HOME CARE, EMPLOYMENT / WORKFORCE, EDUCATION, YOUTH AND FAMILY SERVICES. FEGS ALSO ADMINISTERED COMPLEX RESIDENTIAL AND SUPPORT PROGRAMS FOR THE INTELLECTUALLY AND DEVELOPMENTALLY DISABLED AND A COMPREHENSIVE PORTFOLIO OF BEHAVIOR TREATMENT AND RESIDENTIAL PROGRAMS FOR THE MENTALLY ILL IN THE METROPOLITAN NEW YORK AND LONG ISLAND AREA. AT ITS PEAK, THE DEBTOR OPERATED A NETWORK OF OVER 350 PROGRAMS AND EMPLOYED APPROXIMATELY 2200 HIGHLY SKILLED PROFESSIONALS. THE DEBTOR'S OPERATIONS WERE OVERSEEN AND SUBSTANTIALLY FUNDED BY NEW YORK STATE THROUGH THE NEW YORK STATE OFFICE OF MENTAL HEALTH ("OMH") AND THE OFFICE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES ("OPWDD") AND NEW YORK CITY THROUGH THE NEW YORK CITY HUMAN RESOURCES ADMINISTRATION ("HRA"), DEPARTMENT OF EDUCATION ("DOE") AND THE DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT ("DYCD"). THE DEBTOR ALSO SPONSORED A DIVERSE PORTFOLIO OF HOUSING AND RESIDENTIAL ENVIRONMENTS WHICH SUPPORTED THE HOUSING NEEDS OF THE HOMELESS, MENTALLY ILL, THOSE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, LOW INCOME INDIVIDUALS, SENIORS AND OTHERS WITH DISABILITIES. ON MARCH 18, 2015 (THE "PETITION DATE"), FEGS FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER NOT-FOR-PROFIT SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT NOT-FOR-PROFIT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS REAL ESTATE TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OF ITS REAL ESTATE COULD BE COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN"). THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF ITS FORMER CLIENTS, TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS. THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS (THE "HOUSING CORPORATION INTERESTS"). THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. ON FEBRUARY 6, 2018, PURSUANT TO THE FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN. THE PLAN BECAME EFFECTIVE MARCH 1, 2018 [DOCKET NO. 1056]. SPECIFICALLY, THE COURT AUTHORIZED THE DEBTOR AND/OR PLAN ADMINISTRATOR, AS APPLICABLE, TO TAKE ANY AND ALL ACTIONS TO (1) CONSUMMATE THE PRIVATE SALE OF THE DEBTOR'S PROGRAM PROPERTIES TO THE EXEMPT ORGANIZATION SERVICE PROVIDERS; AND (2) CONSUMMATE THE PRIVATE SALE OF THE HOUSING CORPORATION INTERESTS. THE CONFIRMATION ORDER CONFIRMED THE APPOINTMENT OF JUDITH PINCUS AS THE PLAN ADMINISTRATOR AND AUTHORIZED MS. PINCUS TO IMPLEMENT THE PLAN IN A MANNER CONSISTENT WITH THE TERMS AND CONDITIONS AS SET FORTH IN THE PLAN AND THE CONFIRMATION ORDER. PURSUANT TO THE PLAN, A CREDITOR TRUST WAS ALSO CREATED FOR THE PURPOSE OF PURSUING CERTAIN LITIGATION CLAIMS FOR THE BENEFIT OF UNSECURED CREDITORS. THE CREDITOR TRUST WAS FUNDED BY FEGS WITH CASH AND THE ASSIGNMENT OF LITIGATION CLAIMS CONSISTING OF PREFERENCE CLAIMS, CLAIMS HELD BY FEGS AGAINST TWO OF ITS FORMER OFFICERS AND CLAIMS HELD BY FEGS AGAINST ITS FORMER AUDITOR. PURSUANT TO THE CONFIRMATION ORDER AND CREDITOR TRUST AGREEMENT, ROBERT N. MICHAELSON WAS APPOINTED TRUSTEE OF THE CREDITOR TRUST. IN ADDITION TO AND SEPARATE FROM THE CREDITOR TRUST, THE PLAN ALSO REQUIRED THAT THE PLAN ADMINISTRATOR ESTABLISH A DISPUTED CLAIMS RESERVE, THE FEGS DISPUTED CLAIMS RESERVE DOF, TO PROVIDE A VEHICLE FOR THE PAYMENT OF DISPUTED GENERAL UNSECURED CLAIMS IF AND WHEN THEY BECAME ALLOWED CLAIMS. UNDER THE PLAN, THE FEGS DISPUTED CLAIMS RESERVE DOF RECEIVED THE DISPUTED GENERAL UNSECURED CREDITORS' PRO RATA SHARE OF THE CREDITOR TRUST INTERESTS ON THE DATE THAT THE TAXPAYER TRANSFERRED THE CREDITOR TRUST ASSETS (WHICH CONSISTED OF CASH AND LITIGATION CLAIMS) TO THE CREDITOR TRUST. BECAUSE AS OF THE EFFECTIVE DATE NO DETERMINATION HAD BEEN MADE AS TO WHETHER A CLAIM FILED AS A GENERAL UNSECURED CLAIM WAS ALLOWED, ALL OF THE CREDITOR TRUST INTERESTS WERE TRANSFERRED TO THE FEGS DISPUTED CLAIMS RESERVE DOF. AS OF JUNE 30, 2021, THE CREDITOR TRUST HAD COMPLETED THE MONETIZATION OF ITS ASSETS (WHICH CONSISTED PRIMARILY OF THE LITIGAITON CLAIMS) AND HAD TRANSFERRED ALL OF ITS ASSETS (AFTER PAYMENT OF ALLOWABLE EXPENSES) TO THE FEGS DISPUTED CLAIMS RESERVE DOF. IN MARCH, 2022, THE FEGS DISPUTED CLAIMS RESERVE DOF MADE ITS FIRST DISTRIBUTION TO HOLDERS OF ALLOWED GENERAL UNSECURED CLAIMS. UPON COMPLETION OF THE FIXING OF GENERAL UNSECURED CLAIMS, A SECOND AND FINAL DISTRIBUTION WILL OCCUR. THE PLAN ALSO PROVIDES IN PERTINENT PART, THAT THE PLAN ADMINISTRATOR IS TO ACT FOR FEGS IN A FIDUCIARY CAPACITY AS APPLICABLE TO A BOARD OF DIRECTORS, SUBJECT TO THE PROVISIONS OF THE PLAN. SEE PLAN §5.11(B). UNDER THE PLAN, ON THE EFFECTIVE DATE, THE MEMBERS OF FEGS' BOARD OF DIRECTORS WERE DEEMED TO HAVE RESIGNED THEIR POSITIONS AS DIRECTORS AND RELIEVED OF ALL FURTHER RESPONSIBILITIES, WITH THE OPERATION OF FEGS BECOMING THE RESPONSIBILITY OF THE PLAN ADMINISTRATOR. SEE PLAN §5.10. FOLLOWING THE EFFECTIVE DATE, AND AS PROVIDED FOR UNDER THE PLAN, THE COURT RETAINS EXCLUSIVE JURISDICTION OF THE DEBTOR'S CASE FOR THE PURPOSES AS SET FORTH IN §12.1 OF THE PLAN AND NON-EXCLUSIVE JURISDICTION OF THE DEBTOR'S CASE FOR THE PURPOSES AS SET FORTH IN §12.2 OF THE PLAN. SEE CONFIRMATION ORDER, PARAGRAPH 34. DURING THE CURRENT TAX YEAR AND PURSUANT TO COURT ORDERS INCLUDING THE CONFIRMATION ORDER, THE DEBTOR CONTINUED THE PROCESS OF WINDING-UP ITS OPERATIONS AND IMPLEMENTATION OF THE PLAN AS APPROVED BY THE COURT. DURING THE CURRENT TAX YEAR, THE DEBTOR SOLD ITS INTERESTS IN ONE OF THE FOUR HOUSING CORPORATIONS TO ANOTHER NOT FOR PROFIT EXEMPT ORGANIZATION. AT END OF YEAR, THE DEBTOR CONTINUED TO OWN HOUSING CORPORATION INTERESTS IN THE THREE REMAINING HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THE DEBTOR CONTINUED TO MARKET FOR SALE THE THREE REMAINING HOUSING CORPORATION INTERESTS. SINCE THE PETITION DATE, FEGS HAS FILED WITH THE COURT ITS MONTHLY OPERATING REPORT ("MOR") WHICH IS AVAILABLE FOR REVIEW. SINCE THE EFFECTIVE DATE, FEGS HAS FILED WITH THE COURT ITS OPERATING REPORT ON A QUARTERLY BASIS ("QOR") AND WHICH IS ALSO AVAILABLE FOR REVIEW. FEGS' CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER, CREDITOR TRUST AGREEMENT, MOR, QOR, AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Schedule A, Part IV, Section A, Line 5a Added, Substituted, or Removed Sup. Org. In tax year 2022, FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") LISTED THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK AS ITS SUPPORTED ORGANIZATION. THE REASONS AND AUTHORITY FOR THIS ACTION ARE PROVIDED IN THE NARRATIVE FOR SCHEDULE A, PART I, LINE 12. ACCRUED SALARIES AND VACATION PAYABLE 1057653 1057653 Schedule D, Part X Other Liabilities LIABILITY BALANCE SHEET ACCOUNT BALANCES ARE REFLECTED AT AMOUNTS STATED BY FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") AT HISTORICAL COST WHICH MAY HAVE BEEN SUBSEQUENTLY ADJUSTED THROUGH THE BANKRUPTCY PROCESS. IN ADDITION, THE DEBTOR HAS INCURRED AND WILL CONTINUE TO INCUR ADDITIONAL LIABILITIES AS A RESULT OF THE FILING OF THE BANKRUPTCY PETITION AND IN THE WIND-DOWN OF ITS BUSINESS. IN ADDITION, CERTAIN LIABILITIES REFLECTED IN FEGS' BALANCE SHEET MAY BE SUBJECT TO FURTHER ADJUSTMENT THROUGH THE BANKRUPTCY PROCESS. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN"). THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE DISCLOSURE STATEMENT CONTAINS AN ANALYSIS OF THE CLAIMS ASSERTED AGAINST THE DEBTOR AND IS A MORE ACCURATE ESTIMATE OF THE DEBTOR'S LIABILITIES THAN IS PRESENTED IN THE DEBTOR'S FINANCIAL STATEMENTS. ON FEBRUARY 6, 2018, PURSUANT TO A FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN AND AUTHORIZED THE PLAN'S IMPLEMENTATION. SPECIFICALLY, THE COURT AUTHORIZED THE DEBTOR AND/OR THE PLAN ADMINISTRATOR, AS APPLICABLE, TO TAKE ANY AND ALL ACTIONS NECESSARY TO (1) CONSUMMATE THE PRIVATE SALE OF THE DEBTOR'S PROGRAM PROPERTIES TO THE ACQUIRING SERVICE PROVIDERS AND (2) CONSUMMATE THE PRIVATE SALE OF THE HOUSING CORPORATION INTERESTS. THE CONFIRMATION ORDER ALSO CONFIRMED THE APPOINTMENT OF JUDITH PINCUS AS THE PLAN ADMINISTRATOR AND AUTHORIZED MS. PINCUS TO IMPLEMENT THE PLAN IN A MANNER CONSISTENT WITH THE TERMS AND CONDITIONS AS SET FORTH IN THE PLAN AND CONFIRMATION ORDER. THE PLAN BECAME EFFECTIVE ON MARCH 1, 2018 [DOCKET NO. 1056]. PURSUANT TO THE PLAN, A CREDITOR TRUST WAS ALSO CREATED FOR THE PURPOSE OF PURSUING CERTAIN LITIGATION CLAIMS FOR THE BENEFIT OF UNSECURED CREDITORS. THE CREDITOR TRUST WAS FUNDED BY FEGS WITH CASH AND THE ASSIGNMENT OF LITIGATION CLAIMS CONSISTING OF PREFERENCE CLAIMS, CLAIMS HELD BY FEGS AGAINST TWO OF ITS FORMER OFFICERS AND CLAIMS HELD BY FEGS AGAINST ITS FORMER AUDITOR. PURSUANT TO THE CONFIRMATION ORDER AND CREDITOR TRUST AGREEMENT, ROBERT N. MICHAELSON WAS APPOINTED TRUSTEE OF THE CREDITOR TRUST. IN ADDITION TO AND SEPARATE FROM THE CREDITOR TRUST, THE PLAN ALSO REQUIRED THAT THE PLAN ADMINISTRATOR ESTABLISH A DISPUTED CLAIMS RESERVE, THE FEGS DISPUTED CLAIMS RESERVE DOF, TO PROVIDE A VEHICLE FOR THE PAYMENT OF DISPUTED GENERAL UNSECURED CLAIMS IF AND WHEN THEY BECAME ALLOWED CLAIMS. UNDER THE PLAN, THE FEGS DISPUTED CLAIMS RESERVE DOF RECEIVED THE DISPUTED GENERAL UNSECURED CREDITORS' PRO RATA SHARE OF THE CREDITOR TRUST INTERESTS ON THE DATE THAT THE TAXPAYER TRANSFERRED THE CREDITOR TRUST ASSETS (WHICH CONSISTED OF CASH AND LITIGATION CLAIMS) TO THE CREDITOR TRUST. BECAUSE AS OF THE EFFECTIVE DATE NO DETERMINATION HAD BEEN MADE AS TO WHETHER A CLAIM FILED AS A GENERAL UNSECURED CLAIM WAS ALLOWED, ALL OF THE CREDITOR TRUST INTERESTS WERE TRANSFERRED TO THE FEGS DISPUTED CLAIMS RESERVE DOF. AS OF JUNE 30, 2021, THE CREDITOR TRUST HAD COMPLETED THE MONETIZATION OF ITS ASSETS (WHICH CONSISTED PRIMARILY OF THE LITIGAITON CLAIMS) AND HAD TRANSFERRED ALL OF ITS ASSETS (AFTER PAYMENT OF ALLOWABLE EXPENSES) TO THE FEGS DISPUTED CLAIMS RESERVE DOF. IN MARCH, 2022, THE FEGS DISPUTED CLAIMS RESERVE DOF MADE ITS FIRST DISTRIBUTION TO HOLDERS OF ALLOWED GENERAL UNSECURED CLAIMS. UPON COMPLETION OF THE FIXING OF GENERAL UNSECURED CLAIMS, A SECOND AND FINAL DISTRIBUTION WILL OCCUR. DURING THE CURRENT TAX YEAR AND PURSUANT TO COURT ORDERS INCLUDING THE CONFIRMATION ORDER, THE DEBTOR CONTINUED THE PROCESS OF WINDING-UP ITS OPERATIONS. DURING THE CURRENT TAX YEAR, THE DEBTOR SOLD ITS INTERESTS IN ONE OF THE FOUR HOUSING CORPORATIONS TO ANOTHER NOT FOR PROFIT EXEMPT ORGANIZATION. AT END OF YEAR, THE DEBTOR CONTINUED TO OWN THE HOUSING CORPORATION INTERESTS IN THE THREE REMAINING HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THE DEBTOR CONTINUED TO MARKET FOR SALE THE THREE REMAINING HOUSING CORPORATION INTERESTS. THE TAXPAYER'S CHAPTER 11 CASE NUMBER IS 15-71071 (REG). REGS' DISCLOSURE STATEMENT, PLAN AND THE CONFIRMATION ORDER, THE TRUST AGREEMENT, AND OTHER PLEADINGS AND DOCUMENTS FILED WITH THE COURT AND PERTAINING TO THE DEBTOR'S CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. false false false false false false false false false JUDITH PINCUS CHIEF WIND-DOWN OFFICER, PLAN ADMINISTRATOR 234656 0 0 0 1187 0 7236 0 29493 0 272572 0 0 0 MICHAEL H KIRSHNER CONTROLLER / VICE PRESIDENT (Through March 2023) 219471 0 0 0 1963 0 6904 0 48962 0 277300 0 0 0 Andrew Slutsky Director, Sr./HR 115832 0 0 0 324 0 3667 0 47183 0 167006 0 0 0 Schedule J, Part II, Column (C) Retirement and Other Deferred Compensation Does not reflect cash payment but annual increase in the actuarial value of participant's pension plan. Schedule J, Part II, Column (D) Nontaxable benefits Amounts represent Taxpayer's premium contributions to employee group medical and dental plan. CASH 2023-02-13 323438 FMV 111845294 NYSARC INC - SUFFOLK CHAPTER 2900 Veterans Memorial Highway Bohemia NY 117163823 501(C)(3) false false false false Schedule N, Part II BANKRUPTCY FOOTNOTE ON MARCH 18, 2015 (THE "PETITION DATE"), FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS THE "DEBTOR") FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF TITLE 11 OF THE UNITED STATES CODE (THE "BANKRUPTCY CODE") IN THE UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS PROGRAMS TO OTHER SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS FACILITIES TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OR ASSIGNMENT OF ITS FACILITIES IS COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN"). THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE DISCLOSURE STATEMENT PROVIDES A DETAILED DESCRIPTION OF THE AMOUNTS EXPECTED TO BE REALIZED BY FEGS FROM THE SALE OF ITS REMAINING ASSETS, INCLUDING ITS REAL ESTATE. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE HOUSING MANY OF ITS FORMER CLIENTS, (THE "PROGRAM PROPERTIES"), TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS (THE "PROVIDERS"). THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS (THE "HOUSING CORPORATION INTERESTS"). THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. PURSUANT TO AN ORDER ENTERED DECEMBER 19, 2017, THE COURT APPROVED THE DEBTOR'S THIRD AMENDED DISCLOSURE STATEMENT. PURSUANT TO AN ORDER ENTERED FEBRUARY 6, 2018 (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED THE DEBTOR'S THIRD AMENDED PLAN OF LIQUIDATION AND AUTHORIZED THE PLAN'S IMPLEMENTATION. SPECIFICALLY, THE COURT AUTHORIZED THE DEBTOR AND/OR THE PLAN ADMINISTRATOR, AS APPLICABLE, TO TAKE ANY AND ALL ACTIONS NECESSARY TO (1) CONSUMMATE THE PRIVATE SALE OF THE DEBTOR'S PROGRAM PROPERTIES TO THE PROVIDERS AND (2) CONSUMMATE THE PRIVATE SALE OF THE HOUSING CORPORATION INTERESTS. THE CONFIRMATION ORDER ALSO CONFIRMED THE APPOINTMENT OF JUDITH PINCUS AS THE PLAN ADMINISTRATOR AND AUTHORIZED MS. PINCUS TO IMPLEMENT THE PLAN IN A MANNER CONSISTENT WITH THE TERMS AND CONDITIONS AS SET FORTH IN THE PLAN AND CONFIRMATION ORDER. THE PLAN BECAME EFFECTIVE MARCH 1, 2018 [DOCKET NO. 1056]. PURSUANT TO THE PLAN, A CREDITOR TRUST WAS ALSO CREATED FOR THE PURPOSE OF PURSUING CERTAIN LITIGATION CLAIMS FOR THE BENEFIT OF UNSECURED CREDITORS. THE CREDITOR TRUST WAS FUNDED BY FEGS WITH CASH AND THE ASSIGNMENT OF LITIGATION CLAIMS CONSISTING OF PREFERENCE CLAIMS, CLAIMS HELD BY FEGS AGAINST TWO OF ITS FORMER OFFICERS AND CLAIMS HELD BY FEGS AGAINST ITS FORMER AUDITOR. PURSUANT TO THE CONFIRMATION ORDER AND CREDITOR TRUST AGREEMENT, ROBERT N. MICHAELSON WAS APPOINTED TRUSTEE OF THE CREDITOR TRUST. IN ADDITION TO AND SEPARATE FROM THE CREDITOR TRUST, THE PLAN ALSO REQUIRED THAT THE PLAN ADMINISTRATOR ESTABLISH A DISPUTED CLAIMS RESERVE, THE FEGS DISPUTED CLAIMS RESERVE DOF, TO PROVIDE A VEHICLE FOR THE PAYMENT OF DISPUTED GENERAL UNSECURED CLAIMS IF AND WHEN THEY BECAME ALLOWED CLAIMS. UNDER THE PLAN, THE FEGS DISPUTED CLAIMS RESERVE DOF RECEIVED THE DISPUTED GENERAL UNSECURED CREDITORS' PRO RATA SHARE OF THE CREDITOR TRUST INTERESTS ON THE DATE THAT THE TAXPAYER TRANSFERRED THE CREDITOR TRUST ASSETS (WHICH CONSISTED OF CASH AND LITIGATION CLAIMS) TO THE CREDITOR TRUST. BECAUSE AS OF THE EFFECTIVE DATE NO DETERMINATION HAD BEEN MADE AS TO WHETHER A CLAIM FILED AS A GENERAL UNSECURED CLAIM WAS ALLOWED, ALL OF THE CREDITOR TRUST INTERESTS WERE TRANSFERRED TO THE FEGS DISPUTED CLAIMS RESERVE DOF. AS OF JUNE 30, 2021, THE CREDITOR TRUST HAD COMPLETED THE MONETIZATION OF ITS ASSETS (WHICH CONSISTED PRIMARILY OF THE LITIGAITON CLAIMS) AND HAD TRANSFERRED ALL OF ITS ASSETS (AFTER PAYMENT OF ALLLOWABLE EXPENSES) TO THE FEGS DISPUTED CLAIMS RESERVE DOF. IN MARCH, 2022, THE FEGS DISPUTED CLAIMS RESERVE DOF MADE ITS FIRST DISTRIBUTION TO HOLDERS OF ALLOWED GENERAL UNSECURED CLAIMS. UPON COMPLETION OF THE FIXING OF GENERAL UNSECURED CLAIMS, A SECOND AND FINAL DISTRIBUTION WILL OCCUR. DURING THE CURRENT TAX YEAR AND PURSUANT TO COURT ORDERS INCLUDING THE CONFIRMATION ORDER, THE DEBTOR CONTINUED THE PROCESS OF WINDING-UP ITS OPERATIONS AND THE IMPLEMENTATION OF THE PLAN AS APPROVED BY THE COURT. DURING THE CURRENT TAX YEAR, THE DEBTOR SOLD ITS INTERESTS IN ONE OF THE FOUR HOUSING CORPORATIONS TO ANOTHER NOT FOR PROFIT EXEMPT ORGANIZATION. AT END OF YEAR, THE DEBTOR CONTINUED TO OWN THE HOUSING CORPORATION INTERESTS IN THE THREE REMAINING HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THE DEBTOR CONTINUED TO MARKET FOR SALE THE THREE REMAINING HOUSING CORPORATION INTERESTS. THE TAXPAYER'S CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN AND THE CONFIRMATION ORDER AND OTHER PLEADINGS AND DOCUMENTS FILED WITH THE COURT IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Schedule N, Part II TRANSFER OF FUND BALANCE EXPLANATION ON MARCH 18, 2015 (THE "PETITION DATE"), FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER NOT-FOR-PROFIT SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT NOT-FORPROFIT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS REAL ESTATE TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OF ITS REAL ESTATE COULD BE COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN") WITH THE COURT. THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. ON FEBRUARY 6, 2018, PURSUANT TO A FINDING OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN AND AUTHORIZED THE PLAN'S IMPLEMENTATION. THE CONFIRMATION ORDER CONFIRMED THE APPOINTMENT OF JUDITH PINCUS AS THE PLAN ADMINISTRATOR AND AUTHORIZED MS. PINCUS TO IMPLEMENT THE PLAN IN A MANNER CONSISTENT WITH THE TERMS AND CONDITIONS SET FORTH IN THE PLAN AND CONFIRMATION ORDER. THE PLAN CONTAINS THE DEBTOR'S ACKNOWLEDGEMENT THAT IT MAINTAINED AT THE TIME OF PLAN CONFIRMATION APPROXIMATELY $9.5 MILLION OF FUNDS DESIGNATED ON ITS BOOKS AND RECORDS AS DONOR RESTRICTED (THE "RESTRICTED FUNDS"). THESE FUNDS HAVE BEEN HISTORICALLY HELD BY FEGS IN SEGREGATED ACCOUNTS. THE PLAN FURTHER PROVIDES THAT THE RESTRICTED FUNDS ARE NOT ASSETS OF THE DEBTOR'S ESTATE AND ARE ACCORDINGLY, NOT AVAILABLE FOR DISTRIBUTION TO CREDITORS. THE PLAN FURTHER PROVIDES PROTOCOLS FOR THE DISTRIBUTION OF SUCH FUNDS. AS REPORTED IN PRIOR YEARS' TAX RETURNS, WITH THE CONSENT AND APPROVAL OF THE NEW YORK STATE ATTORNEY GENERAL'S CHARITIES BUREAU OR COURT ORDERS, AS OF JUNE 30, 2022 FEGS HAD DISTRIBUTED ALL OF THE FUNDS HELD IN THE RESTRICTED FUNDS ACCOUNT TO OTHER IRC SECTION 501(C)(3) NOT FOR PROFIT EXEMPT ORGANIZATIONS. DURING THE CURRENT TAX YEAR, NO FUNDS REMAINED ON DEPOSIT IN FEGS' RESTRICTED FUNDS ACCOUNT. Schedule N, Part II SALE, EXCHANGE, DISPOSAL OF, OR TRANSFER MORE THAN 25% OF NET ASSETS THE TAXPAYER TRANSFERRED 25% OR MORE OF ITS NET ASSETS DURING THE TAX YEAR. THE TRANSFERS WERE TO PAY THE EXPENSES INCURRED IN THE IMPLEMENTATION OF THE DEBTOR'S CONFIRMED PLAN OF THE REORGANIZATION AND TO CREDITORS OF FEGS WHO HAD ASSERTED ALLOWED CLAIMS AND WHICH WERE PAID PURSUANT TO THE CONFIRMATION ORDER. AS BACKGROUND, ON MARCH 18, 2015 (THE "PETITION DATE"), FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS," THE "DEBTOR, THE "TAXPAYER") FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, THE DEBTOR CONTINUED TO OPERATE ITS BUSINESS AND MANAGE ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. SHORTLY PRIOR TO THE PETITION DATE, THE DEBTOR STARTED TRANSFERRING ITS PROGRAMS TO OTHER SERVICE PROVIDERS. BY MAY 31, 2015, THE DEBTOR HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT ORGANIZATIONS PURSUANT TO COURT ORDER. THE DEBTOR SUBSEQUENTLY LEASED ITS FACILITIES TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OR ASSIGNMENT OF ITS FACILITIES CAN BE COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN"). THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE DISCLOSURE STATEMENT PROVIDES A DETAILED DESCRIPTION OF THE AMOUNTS EXPECTED TO BE REALIZED BY FEGS FROM THE SALE OF ITS REMAINING ASSETS, INCLUDING ITS REAL ESTATE. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF ITS FORMER CLIENTS, (THE "PROGRAM PROPERTIES"), TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS (THE "PROVIDERS"). THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS (THE "HOUSING CORPORATION INTERESTS"). THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. ON FEBRUARY 6, 2018, PURSUANT TO A FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN AND AUTHORIZED THE PLAN'S IMPLEMENTATION. SPECIFICALLY, THE COURT AUTHORIZED THE DEBTOR AND/OR THE PLAN ADMINISTRATOR, AS APPLICABLE, TO TAKE ANY AND ALL ACTIONS NECESSARY TO (1) CONSUMMATE THE PRIVATE SALE OF THE DEBTOR'S PROGRAM PROPERTIES TO THE PROVIDERS AND (2) CONSUMMATE THE PRIVATE SALE OF THE HOUSING CORPORATION INTERESTS. THE CONFIRMATION ORDER ALSO CONFIRMED THE APPOINTMENT OF JUDITH PINCUS AS THE PLAN ADMINISTRATOR AND AUTHORIZED MS. PINCUS TO IMPLEMENT THE PLAN IN A MANNER CONSISTENT WITH THE TERMS AND CONDITIONS AS SET FORTH IN THE PLAN AND CONFIRMATION ORDER. THE PLAN BECAME EFFECTIVE MARCH 1, 2018 [DOCKET NO. 1056]. PURSUANT TO THE PLAN, A CREDITOR TRUST WAS ALSO CREATED FOR THE PURPOSE OF PURSUING CERTAIN LITIGATION CLAIMS FOR THE BENEFIT OF UNSECURED CREDITORS. THE CREDITOR TRUST WAS FUNDED BY FEGS WITH CASH AND THE ASSIGNMENT OF LITIGATION CLAIMS CONSISTING OF PREFERENCE CLAIMS, CLAIMS HELD BY FEGS AGAINST TWO OF ITS FORMER OFFICERS AND CLAIMS HELD BY FEGS AGAINST ITS FORMER AUDITOR. PURSUANT TO THE CONFIRMATION ORDER AND CREDITOR TRUST AGREEMENT, ROBERT N. MICHAELSON WAS APPOINTED TRUSTEE OF THE CREDITOR TRUST. IN ADDITION TO AND SEPARATE FROM THE CREDITOR TRUST, THE PLAN ALSO REQUIRED THAT THE PLAN ADMINISTRATOR ESTABLISH A DISPUTED CLAIMS RESERVE, THE FEGS DISPUTED CLAIMS RESERVE DOF, TO PROVIDE A VEHICLE FOR THE PAYMENT OF DISPUTED GENERAL UNSECURED CLAIMS IF AND WHEN THEY BECAME ALLOWED CLAIMS. UNDER THE PLAN, THE FEGS DISPUTED CLAIMS RESERVE DOF RECEIVED THE DISPUTED GENERAL UNSECURED CREDITORS' PRO RATA SHARE OF THE CREDITOR TRUST INTERESTS ON THE DATE THAT THE TAXPAYER TRANSFERRED THE CREDITOR TRUST ASSETS (WHICH CONSISTED OF CASH AND LITIGATION CLAIMS) TO THE CREDITOR TRUST. BECAUSE AS OF THE EFFECTIVE DATE NO DETERMINATION HAD BEEN MADE AS TO WHETHER A CLAIM FILED AS A GENERAL UNSECURED CLAIM WAS ALLOWED, ALL OF THE CREDITOR TRUST INTERESTS WERE TRANSFERRED TO THE FEGS DISPUTED CLAIMS RESERVE DOF. AS OF JUNE 30, 2021, THE CREDITOR TRUST HAD COMPLETED THE MONETIZATION OF ITS ASSETS (WHICH CONSISTED PRIMARILY OF THE LITIGAITON CLAIMS) AND HAD TRANSFERRED ALL OF ITS ASSETS (AFTER PAYMENT OF ALLOWABLE EXPENSES) TO THE FEGS DISPUTED CLAIMS RESERVE DOF. IN MARCH, 2022, THE FEGS DISPUTED CLAIMS RESERVE DOF MADE ITS FIRST DISTRIBUTION TO HOLDERS OF ALLOWED GENERAL UNSECURED CLAIMS. UPON COMPLETION OF THE FIXING OF GENERAL UNSECURED CLAIMS, A SECOND AND FINAL DISTRIBUTION WILL OCCUR. DURING THE CURRENT TAX YEAR AND PURSUANT TO COURT ORDERS INCLUDING THE CONFIRMATION ORDER, THE DEBTOR CONTINUED THE PROCESS OF WINDING-UP ITS OPERATIONS AND IMPLEMENTATION OF THE PLAN AS APPROVED BY THE COURT. DURING THE CURRENT TAX YEAR, THE DEBTOR SOLD ITS INTERESTS IN ONE OF THE FOUR HOUSING CORPORATIONS TO ANOTHER NOT FOR PROFIT EXEMPT ORGANIZATION. AT END OF YEAR, THE DEBTOR CONTINUED TO OWN THE HOUSING CORPORATION INTERESTS IN THE THREE REMAINING HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THE DEBTOR CONTINUED TO MARKET FOR SALE THE THREE REMAINING HOUSING CORPORATION INTERESTS. THE TAXPAYER'S CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER, CREDITOR TRUST AGREEMENT AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Form 990, Part I, Line 1 organization's mission or most significant activities HEALTH AND SOCIAL SERVICES TO MORE THAN 120,000 INDIVIDUALS ANNUALLY IN THE AREAS OF BEHAVIORAL, HEALTH, INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, HOUSING, HOME CARE, EMPLOYMENT / WORKFORCE, EDUCATION, YOUTH AND FAMILY SERVICES. FEGS ALSO ADMINISTERED COMPLEX RESIDENTIAL AND SUPPORT PROGRAMS FOR THE INTELLECTUALLY AND DEVELOPMENTALLY DISABLED AND A COMPREHENSIVE PORTFOLIO OF BEHAVIOR TREATMENT AND RESIDENTIAL PROGRAMS FOR THE MENTALLY ILL. AT ITS PEAK, FEGS OPERATED A NETWORK OF OVER 350 PROGRAMS LOCATED THROUGHOUT THE METROPOLITAN NEW YORK AND LONG ISLAND AREAS. FEGS' MISSION IS TO HELP EACH PERSON ACHIEVE GREATER PERSONAL AND ECONOMIC INDEPENDENCE AT WORK, HOME, SCHOOL, AND IN THE COMMUNITY. ON MARCH 18, 2015 (THE "PETITION DATE"), FEGS FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER NOT-FOR-PROFIT SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT NOT-FOR-PROFIT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS REAL ESTATE TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OF ITS REAL ESTATE COULD BE COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN"). THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF ITS FORMER CLIENTS, TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS. THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS (THE "HOUSING CORPORATION INTERESTS"). THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. ON FEBRUARY 6, 2018, PURSUANT TO THE FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN. THE PLAN BECAME EFFECTIVE MARCH 1, 2018 [DOCKET NO. 1056]. SPECIFICALLY, THE COURT AUTHORIZED THE DEBTOR AND/OR PLAN ADMINISTRATOR, AS APPLICABLE, TO TAKE ANY AND ALL ACTIONS TO (1) CONSUMMATE THE PRIVATE SALE OF THE DEBTOR'S PROGRAM PROPERTIES TO THE EXEMPT ORGANIZATION SERVICE PROVIDERS; AND (2) CONSUMMATE THE PRIVATE SALE OF THE HOUSING CORPORATION INTERESTS. THE CONFIRMATION ORDER CONFIRMED THE APPOINTMENT OF JUDITH PINCUS AS THE PLAN ADMINISTRATOR AND AUTHORIZED MS. PINCUS TO IMPLEMENT THE PLAN IN A MANNER CONSISTENT WITH THE TERMS AND CONDITIONS AS SET FORTH IN THE PLAN AND THE CONFIRMATION ORDER. FOLLOWING THE EFFECTIVE DATE AND AS PROVIDED FOR UNDER THE PLAN, THE COURT RETAINS EXCLUSIVE JURISDICTION OF THE DEBTOR'S CASE FOR THE PURPOSES SET FORTH IN §12.1 OF THE PLAN AND NON-EXCLUSIVE JURISDICTION OF THE DEBTOR'S CASE FOR THE PURPOSES AS SET FORTH IN §12.2 OF THE PLAN. SEE CONFIRMATION ORDER, PARAGRAPH 34. PURSUANT TO THE PLAN, A CREDITOR TRUST WAS ALSO CREATED FOR THE PURPOSE OF PURSUING CERTAIN LITIGATION CLAIMS FOR THE BENEFIT OF UNSECURED CREDITORS. THE CREDITOR TRUST WAS FUNDED BY FEGS WITH CASH AND THE ASSIGNMENT OF LITIGATION CLAIMS CONSISTING OF PREFERENCE CLAIMS, CLAIMS HELD BY FEGS AGAINST TWO OF ITS FORMER OFFICERS AND CLAIMS HELD BY FEGS AGAINST ITS FORMER AUDITOR. PURSUANT TO THE CONFIRMATION ORDER AND CREDITOR TRUST AGREEMENT, ROBERT N. MICHAELSON WAS APPOINTED TRUSTEE OF THE CREDITOR TRUST. IN ADDITION TO AND SEPARATE FROM THE CREDITOR TRUST, THE PLAN ALSO REQUIRED THAT THE PLAN ADMINISTRATOR ESTABLISH A DISPUTED CLAIMS RESERVE, THE FEGS DISPUTED CLAIMS RESERVE DOF, TO PROVIDE A VEHICLE FOR THE PAYMENT OF DISPUTED GENERAL UNSECURED CLAIMS IF AND WHEN THEY BECAME ALLOWED CLAIMS. UNDER THE PLAN, THE FEGS DISPUTED CLAIMS RESERVE DOF RECEIVED THE DISPUTED GENERAL UNSECURED CREDITORS' PRO RATA SHARE OF THE CREDITOR TRUST INTERESTS ON THE DATE THAT THE TAXPAYER TRANSFERRED THE CREDITOR TRUST ASSETS (WHICH CONSISTED OF CASH AND LITIGATION CLAIMS) TO THE CREDITOR TRUST. BECAUSE AS OF THE EFFECTIVE DATE NO DETERMINATION HAD BEEN MADE AS TO WHETHER A CLAIM FILED AS A GENERAL UNSECURED CLAIM WAS ALLOWED, ALL OF THE CREDITOR TRUST INTERESTS WERE TRANSFERRED TO THE FEGS DISPUTED CLAIMS RESERVE DOF. AS OF JUNE 30, 2021, THE CREDITOR TRUST HAD COMPLETED THE MONETIZATION OF ITS ASSETS (WHICH CONSISTED PRIMARILY OF THE LITIGAITON CLAIMS) AND HAD TRANSFERRED ALL OF ITS ASSETS (AFTER PAYMENT OF ALLLOWABLE EXPENSES) TO THE FEGS DISPUTED CLAIMS RESERVE DOF. IN MARCH, 2022, THE FEGS DISPUTED CLAIMS RESERVE DOF MADE ITS FIRST DISTRIBUTION TO HOLDERS OF ALLOWED GENERAL UNSECURED CLAIMS. UPON COMPLETION OF THE FIXING OF GENERAL UNSECURED CLAIMS, A SECOND AND FINAL DISTRIBUTION WILL OCCUR. THE PLAN ALSO PROVIDES IN PERTINENT PART, THAT THE PLAN ADMINISTRATOR IS TO ACT FOR FEGS IN A FIDUCIARY CAPACITY AS APPLICABLE TO A BOARD OF DIRECTORS, SUBJECT TO THE PROVISIONS OF THE PLAN. SEE PLAN §5.11(B). UNDER THE PLAN, ON THE EFFECTIVE DATE, THE MEMBERS OF FEGS' BOARD OF DIRECTORS WERE DEEMED TO HAVE RESIGNED THEIR POSITIONS AS DIRECTORS AND RELIEVED OF ALL FURTHER RESPONSIBILITIES, WITH THE OPERATION OF FEGS BECOMING THE RESPONSIBILITY OF THE PLAN ADMINISTRATOR. SEE PLAN §5.10. SINCE CONFIRMATION OF FEGS' PLAN OF REORGANIZATION, FEGS' ACTIVITIES CONSISTS OF WINDING-UP ITS OPERATIONS. DURING THE CURRENT TAX YEAR AND PURSUANT TO COURT ORDERS INCLUDING THE CONFIRMATION ORDER, THE DEBTOR CONTINUED THE PROCESS OF WINDING-UP ITS OPERATIONS AND IMPLEMENTATION OF THE PLAN AS APPROVED BY THE COURT. SUCH WIND-UP ACTIVITY INCLUDED BUT WAS NOT LIMITED TO THE SALE OF THE DEBTOR'S INTEREST IN ONE OF THE FOUR HOUSING CORPORATIONS TO ANOTHER NOT FOR PROFIT EXEMPT ORGANIZATION. AT END OF YEAR, THE DEBTOR CONTINUED TO OWN THE HOUSING CORPORATION INTERESTS IN THREE HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THE DEBTOR CONTINUED TO MARKET FOR SALE ITS INTERESTS IN THE THREE REMAINING HOUSING CORPORATIONS. SINCE THE PETITION DATE, FEGS HAS FILED WITH THE COURT ITS MONTHLY OPERATING REPORT ("MOR") WHICH IS AVAILABLE FOR REVIEW. SINCE THE EFFECTIVE DATE, FEGS HAS FILED ITS OPERATING REPORT ON A QUARTERLY BASIS ("QOR") AND WHICH IS ALSO AVAILABLE FOR REVIEW. FEGS' CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER, CREDITOR TRUST AGREEMENT, MOR, QOR, AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Form 990, Part I, Line 5 Bankruptcy Distribution to Former Employees FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS," THE "DEBTOR, THE "TAXPAYER") EMPLOYED 5 INDIVIDUALS AS FULL-TIME EMPLOYEES IN CALENDAR YEAR 2022. FEGS, AS DESCRIBED IN GREATER DETAIL BELOW, IS THE SUBJECT OF A CHAPTER 11 BANKRUPTCY CASE THAT WAS CONFIRMED PURSUANT TO AN ORDER ENTERED BY THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK. IN MARCH 2022, FEGS MADE A DISTRIBUTION TO ITS CREDITORS HOLDING ALLOWED GENERAL UNSECURED CLAIMS OF 15% OF THEIR ALLOWED GENERAL UNSECURED CLAIM. INCLUDED IN THE DISTRIBUTION PAID BY FEGS TO CREDITORS HOLDING ALLOWED GENERAL UNSECURED CLAIMS WERE DISTRIBUTIONS TO 622 FORMER EMPLOYEES OF FEGS WHO HELD CLAIMS QUALIFYING AS UNPAID SALARY AND WAGES ON OR AT MARCH 18, 2015. BECAUSE THE PAYMENTS MADE BY FEGS TO THESE 622 INDIVIDUALS WHO WERE FORMER EMPLOYEES OF FEGS CONSTITUTED WAGES, FEGS ALSO REPORTED THESE PAYMENTS ON THE 2022 FORM W-2 WAGE AND TAX STATEMENTS THAT FEGS ISSUED TO THESE INDIVIDUALS AND THE 2022 FORM W-3 TRANSMITTAL OF WAGE AND TAX STATEMENTS. ADDITIONAL INFORMATION REGARDING FEGS AND ITS BANKRUPTCY CASE IS AS FOLLOWS: ESTABLISHED IN 1934, FEGS WAS A NOT-FOR-PROFIT HEALTH AND HUMAN SERVICES ORGANIZATION WHICH UNTIL MAY 2015 PROVIDED A BROAD RANGE OF HEALTH AND SOCIAL SERVICES TO MORE THAN 120,000 INDIVIDUALS ANNUALLY IN THE AREAS OF BEHAVIORAL, HEALTH, INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, HOUSING, HOME CARE, EMPLOYMENT / WORKFORCE, EDUCATION, YOUTH AND FAMILY SERVICES. FEGS ALSO ADMINISTERED COMPLEX RESIDENTIAL AND SUPPORT PROGRAMS FOR THE INTELLECTUALLY AND DEVELOPMENTALLY DISABLED AND A COMPREHENSIVE PORTFOLIO OF BEHAVIOR TREATMENT AND RESIDENTIAL PROGRAMS FOR THE MENTALLY ILL IN THE METROPOLITAN NEW YORK AND LONG ISLAND AREA. AT ITS PEAK, FEGS OPERATED A NETWORK OF OVER 350 PROGRAMS AND EMPLOYED APPROXIMATELY 2200 HIGHLY SKILLED PROFESSIONALS. FEGS' OPERATIONS WERE OVERSEEN AND SUBSTANTIALLY FUNDED BY NEW YORK STATE THROUGH THE NEW YORK STATE OFFICE OF MENTAL HEALTH ("OMH") AND THE OFFICE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES ("OPWDD") AND NEW YORK CITY THROUGH THE NEW YORK CITY HUMAN RESOURCES ADMINISTRATION ("HRA"), DEPARTMENT OF EDUCATION ("DOE") AND THE DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT ("DYCD"). FEGS ALSO SPONSORED A DIVERSE PORTFOLIO OF HOUSING AND RESIDENTIAL PROPERTIES WHICH SUPPORTED THE HOUSING NEEDS OF THE HOMELESS, MENTALLY ILL, THOSE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, LOW INCOME INDIVIDUALS, AND OTHERS WITH DISABILITIES. ON MARCH 18, 2015 (THE "PETITION DATE"), FEGS FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER NOT-FOR-PROFIT SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT NOT-FOR-PROFIT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS REAL ESTATE TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OF ITS REAL ESTATE COULD BE COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN"). THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF ITS FORMER CLIENTS, TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS. THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS (THE "HOUSING CORPORATION INTERESTS"). THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. ON FEBRUARY 6, 2018, PURSUANT TO THE FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN. THE PLAN BECAME EFFECTIVE MARCH 1, 2018 [DOCKET NO. 1056]. SPECIFICALLY, THE COURT AUTHORIZED THE DEBTOR AND/OR PLAN ADMINISTRATOR, AS APPLICABLE, TO TAKE ANY AND ALL ACTIONS TO (1) CONSUMMATE THE PRIVATE SALE OF THE DEBTOR'S PROGRAM PROPERTIES TO THE EXEMPT ORGANIZATION SERVICE PROVIDERS; AND (2) CONSUMMATE THE PRIVATE SALE OF THE HOUSING CORPORATION INTERESTS. THE CONFIRMATION ORDER CONFIRMED THE APPOINTMENT OF JUDITH PINCUS AS THE PLAN ADMINISTRATOR AND AUTHORIZED MS. PINCUS TO IMPLEMENT THE PLAN IN A MANNER CONSISTENT WITH THE TERMS AND CONDITIONS AS SET FORTH IN THE PLAN AND THE CONFIRMATION ORDER. IN MARCH 2022, THE DEBTOR MADE A DISTRIBUTION TO CREDITORS HOLDING ALLOWED GENERAL UNSECURED CLAIMS. THE DISTRIBUTION WAS AUTHORIZED PURSUANT TO THE CONFIRMATION ORDER. INCLUDED IN THE CREDITORS RECEIVING DISTRIBUTIONS WERE THE 622 FORMER EMPLOYEES OF FEGS WHOSE CLAIMS WERE FOR UNPAID SALARY AND WAGES THAT AROSE ON OR PRIOR TO MARCH 18, 2015. SINCE THE PETITION DATE, FEGS HAS FILED WITH THE COURT ITS MONTHLY OPERATING REPORT ("MOR") WHICH IS AVAILABLE FOR REVIEW. SINCE THE EFFECTIVE DATE, FEGS HAS FILED ITS OPERATING REPORT ON A QUARTERLY BASIS ("QOR") AND WHICH IS ALSO AVAILABLE FOR REVIEW. FEGS' CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER, MOR, QOR, AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Form 990, Part III, Line 1 Organization's mission IN THE AREAS OF BEHAVIORAL HEALTH, INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, HOUSING, HOME CARE, EMPLOYMENT/WORKFORCE, EDUCATION, YOUTH AND FAMILY SERVICES. FEGS ALSO ADMINISTERED COMPLEX RESIDENTIAL AND SUPPORT PROGRAMS FOR THE INTELLECTUALLY AND DEVELOPMENTALLY DISABLED AND A COMPREHENSIVE PORTFOLIO OF BEHAVIORAL TREATMENT AND RESIDENTIAL PROGRAMS FOR THE MENTALLY ILL. AT ITS PEAK, FEGS OPERATED A NETWORK OF OVER 350 PROGRAMS LOCATED THROUGHOUT THE METROPOLITAN NEW YORK AND LONG ISLAND AREAS. ON MARCH 18, 2015 (THE "PETITION DATE"), FEGS FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER NOT-FOR-PROFIT SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT NOT-FOR-PROFIT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS REAL ESTATE TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OF ITS REAL ESTATE COULD BE COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN"). THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF ITS FORMER CLIENTS, TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS. THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS (THE "HOUSING CORPORATION INTERESTS"). THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. ON FEBRUARY 6, 2018, PURSUANT TO THE FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN. PURSUANT TO THE CONFIRMATION ORDER, THE COURT AUTHORIZED FEGS TO CONSUMMATE THE PRIVATE SALES OF ITS REMAINING ASSETS TO THE EXEMPT ORGANIZATION SERVICE PROVIDERS WHO TOOK OVER THE OPERATION OF THE DEBTOR'S PROGRAMS. THE PLAN BECAME EFFECTIVE MARCH 1, 2018 [DOCKET NO. 1056]. PURSUANT TO THE PLAN, A CREDITOR TRUST WAS ALSO CREATED FOR THE BENEFIT OF PURSUING CERTAIN LITIGATION CLAIMS FOR THE BENEFIT OF UNSECURED CREDITORS. THE CREDITOR TRUST WAS FUNDED BY FEGS WITH CASH AND THE ASSIGNMENT OF LITIGATION CLAIMS CONSISTING OF PREFERENCE CLAIMS, CLAIMS HELD BY FEGS AGAINST TWO OF ITS FORMER OFFICERS AND CLAIMS HELD BY FEGS AGAINST ITS FORMER AUDITORS. PURSUANT TO THE PLAN, JUDITH PINCUS WAS APPOINTED PLAN ADMINISTRATOR AND ROBERT N. MICHAELSON WAS APPOINTED THE TRUSTEE FOR THE CREDITOR TRUST. IN ADDITION TO AND SEPARATE FROM THE CREDITOR TRUST, THE PLAN ALSO REQUIRED THAT THE PLAN ADMINISTRATOR ESTABLISH A DISPUTED CLAIMS RESERVE, THE FEGS DISPUTED CLAIMS RESERVE DOF, TO PROVIDE A VEHICLE FOR THE PAYMENT OF DISPUTED GENERAL UNSECURED CLAIMS IF AND WHEN THEY BECAME ALLOWED CLAIMS. UNDER THE PLAN, THE FEGS DISPUTED CLAIMS RESERVE DOF RECEIVED THE DISPUTED GENERAL UNSECURED CREDITORS' PRO RATA SHARE OF THE CREDITOR TRUST INTERESTS ON THE DATE THAT THE TAXPAYER TRANSFERRED THE CREDITOR TRUST ASSETS (WHICH CONSISTED OF CASH AND LITIGATION CLAIMS) TO THE CREDITOR TRUST. BECAUSE AS OF THE EFFECTIVE DATE NO DETERMINATION HAD BEEN MADE AS TO WHETHER A CLAIM FILED AS A GENERAL UNSECURED CLAIM WAS ALLOWED, ALL OF THE CREDITOR TRUST INTERESTS WERE TRANSFERRED TO THE FEGS DISPUTED CLAIMS RESERVE DOF. AS OF JUNE 30, 2021, THE CREDITOR TRUST HAD COMPLETED THE MONETIZATION OF ITS ASSETS (WHICH CONSISTED PRIMARILY OF THE LITIGAITON CLAIMS) AND HAD TRANSFERRED ALL OF ITS ASSETS (AFTER PAYMENT OF ALLOWABLE EXPENSES) TO THE FEGS DISPUTED CLAIMS RESERVE DOF. IN MARCH, 2022, THE FEGS DISPUTED CLAIMS RESERVE DOF MADE ITS FIRST DISTRIBUTION TO HOLDERS OF ALLOWED GENERAL UNSECURED CLAIMS. UPON COMPLETION OF THE FIXING OF GENERAL UNSECURED CLAIMS, A SECOND AND FINAL DISTRIBUTION WILL OCCUR. DURING THE CURRENT TAX YEAR AND PURSUANT TO COURT ORDERS INCLUDING THE CONFIRMATION ORDER, THE DEBTOR CONTINUED THE PROCESS OF WINDING-UP ITS OPERATIONS AND IMPLEMENTATION OF THE PLAN AS APPROVED BY THE COURT. SUCH WIND-UP ACTIVITIES INCLUDED BUT WAS NOT LIMITED TO THE DEBTOR'S SALE OF ITS INTERESTS IN ONE OF THE FOUR HOUSING CORORATIONS TO ANOTHER EXEMPT NOT FOR PROFIT ORGANIZATION. AT END OF YEAR, THE DEBTOR CONTINUED TO OWN THE HOUSING CORPORATION INTERESTS IN THREE HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THE DEBTOR CONTINUED TO MARKET FOR SALE ITS INTERESTS IN THE THREE REMAINING THE HOUSING CORPORATIONS. FEGS' CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER, CREDITOR TRUST AGREEMENT, AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Form 990, Part V, Line 2a NUMBER OF INDIVIDUALS EMPLOYED IN CALENDAR YEAR 2022 ON MARCH 18, 2015 (THE "PETITION DATE"), FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER NOT-FOR-PROFIT SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT NOT-FOR-PROFIT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS REAL ESTATE TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OF ITS REAL ESTATE COULD BE COMPLETED AND APPROVED BY THE COURT. AS FEGS TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS, FEGS TERMINATED ITS EMPLOYEES, MANY OF WHOM TRANSFERRED EMPLOYMENT TO THE NOT-FOR-PROFIT SERVICE PROVIDERS WHO RECEIVED FEGS' CHARITABLE PURPOSE PROGRAMS. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN"). THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF ITS FORMER CLIENTS, TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS. THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS (THE "HOUSING CORPORATION INTERESTS") IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. ON FEBRUARY 6, 2018, PURSUANT TO THE FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN. PURSUANT TO THE PLAN, JUDITH PINCUS WAS APPOINTED PLAN ADMINISTRATOR. THE PLAN BECAME EFFECTIVE MARCH 1, 2018 [DOCKET NO. 1056]. DURING CALENDAR YEAR 2022, THE TOTAL NUMBER OF INDIVIDUALS EMPLOYED BY FEGS WAS 5. THESE INDIVIDUALS CONTINUED TO PROVIDE SERVICES TO FEGS IN THE WIND-UP OF ITS OPERATIONS AND THE IMPLEMENTATION OF THE PLAN AS APPROVED BY THE COURT. AT ITS TAX YEAR END (JUNE 30, 2023), THE DEBTOR CONTINUED TO OWN THE HOUSING CORPORATION INTERESTS IN THREE HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS (DURING THE CURRENT TAX YEAR, THE DEBTOR SOLD ITS INTERESTS IN ONE OF THE HOUSING CORPORATIONS THAT IT OWNED TO ANTOHER NOT FOR PROFIT ORGANIZATION). THE DEBTOR CONTINUES TO MARKET FOR SALE THE THREE REMAINING HOUSING CORPORATION INTERESTS. FEGS' CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER, AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Form 990, Part V, Line 2a Bankruptcy Distribution to Former Employees FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS," THE "DEBTOR, THE "TAXPAYER") AS DESCRIBED IN GREATER DETAIL BELOW, IS THE SUBJECT OF A CHAPTER 11 BANKRUPTCY CASE THAT WAS CONFIRMED PURSUANT TO AN ORDER ENTERED BY THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK. DURING THE CALENDAR YEAR ENDING DECEMBER 31, 2022, FEGS EMPLOYED FIVE INDIVIDUALS FULL-TIME WHO EACH RECEIVED A 2022 FORM W-2, WAGE AND TAX STATEMENTS AND WHOSE WAGES WERE REPORTED ON THE 2022 FORM W-3, TRANSMITTAL OF WAGE AND TAX STATEMENTS. IN MARCH 2022, FEGS MADE A DISTRIBUTION TO ITS CREDITORS HOLDING ALLOWED GENERAL UNSECURED CLAIMS OF 15% OF THEIR ALLOWED GENERAL UNSECURED CLAIM. INCLUDED IN THE DISTRIBUTION PAID BY FEGS TO CREDITORS HOLDING ALLOWED GENERAL UNSECURED CLAIMS WERE DISTRIBUTIONS TO 622 FORMER EMPLOYEES OF FEGS WHO HELD CLAIMS QUALIFYING AS UNPAID SALARY AND WAGES ON OR AT MARCH 18, 2015. THE 622 FORMER EMPLOYEES WHO RECEIVED DISTRIBUTIONS FROM FEGS DO NOT INCLUDE THE 5 INDIVIDUALS WHO ARE CURRENTLY EMPLOYED BY FEGS. BECAUSE THE PAYMENTS MADE BY FEGS TO THESE 622 INDIVIDUALS CONSTITUTED WAGES, FEGS ALSO REPORTED THESE PAYMENTS ON THE 2022 FORM W-2 WAGE AND TAX STATEMENTS THAT FEGS ISSUED TO THESE INDIVIDUALS AND THE 2022 FORM W-3 TRANSMITTAL OF WAGE AND TAX STATEMENTS. THUS, THE TOTAL NUMBER OF 2022 FORM W-2S ISSUED BY FEGS WAS 627. ADDITIONAL INFORMATION REGARDING FEGS AND ITS BANKRUPTCY CASE IS AS FOLLOWS: ESTABLISHED IN 1934, FEGS WAS A NOT-FOR-PROFIT HEALTH AND HUMAN SERVICES ORGANIZATION WHICH UNTIL MAY 2015 PROVIDED A BROAD RANGE OF HEALTH AND SOCIAL SERVICES TO MORE THAN 120,000 INDIVIDUALS ANNUALLY IN THE AREAS OF BEHAVIORAL, HEALTH, INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, HOUSING, HOME CARE, EMPLOYMENT / WORKFORCE, EDUCATION, YOUTH AND FAMILY SERVICES. FEGS ALSO ADMINISTERED COMPLEX RESIDENTIAL AND SUPPORT PROGRAMS FOR THE INTELLECTUALLY AND DEVELOPMENTALLY DISABLED AND A COMPREHENSIVE PORTFOLIO OF BEHAVIOR TREATMENT AND RESIDENTIAL PROGRAMS FOR THE MENTALLY ILL IN THE METROPOLITAN NEW YORK AND LONG ISLAND AREA. AT ITS PEAK, FEGS OPERATED A NETWORK OF OVER 350 PROGRAMS AND EMPLOYED APPROXIMATELY 2200 HIGHLY SKILLED PROFESSIONALS. FEGS' OPERATIONS WERE OVERSEEN AND SUBSTANTIALLY FUNDED BY NEW YORK STATE THROUGH THE NEW YORK STATE OFFICE OF MENTAL HEALTH ("OMH") AND THE OFFICE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES ("OPWDD") AND NEW YORK CITY THROUGH THE NEW YORK CITY HUMAN RESOURCES ADMINISTRATION ("HRA"), DEPARTMENT OF EDUCATION ("DOE") AND THE DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT ("DYCD"). FEGS ALSO SPONSORED A DIVERSE PORTFOLIO OF HOUSING AND RESIDENTIAL PROPERTIES WHICH SUPPORTED THE HOUSING NEEDS OF THE HOMELESS, MENTALLY ILL, THOSE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, LOW INCOME INDIVIDUALS, AND OTHERS WITH DISABILITIES. ON MARCH 18, 2015 (THE "PETITION DATE"), FEGS FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER NOT-FOR-PROFIT SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT NOT-FOR-PROFIT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS REAL ESTATE TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OF ITS REAL ESTATE COULD BE COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN"). THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF ITS FORMER CLIENTS, TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS. THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS (THE "HOUSING CORPORATION INTERESTS"). THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. ON FEBRUARY 6, 2018, PURSUANT TO THE FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN. THE PLAN BECAME EFFECTIVE MARCH 1, 2018 [DOCKET NO. 1056]. SPECIFICALLY, THE COURT AUTHORIZED THE DEBTOR AND/OR PLAN ADMINISTRATOR, AS APPLICABLE, TO TAKE ANY AND ALL ACTIONS TO (1) CONSUMMATE THE PRIVATE SALE OF THE DEBTOR'S PROGRAM PROPERTIES TO THE EXEMPT ORGANIZATION SERVICE PROVIDERS; AND (2) CONSUMMATE THE PRIVATE SALE OF THE HOUSING CORPORATION INTERESTS. THE CONFIRMATION ORDER CONFIRMED THE APPOINTMENT OF JUDITH PINCUS AS THE PLAN ADMINISTRATOR AND AUTHORIZED MS. PINCUS TO IMPLEMENT THE PLAN IN A MANNER CONSISTENT WITH THE TERMS AND CONDITIONS AS SET FORTH IN THE PLAN AND THE CONFIRMATION ORDER. IN MARCH 2022, THE DEBTOR MADE A DISTRIBUTION TO CREDITORS HOLDING ALLOWED GENERAL UNSECURED CLAIMS. THE DISTRIBUTION WAS AUTHORIZED PURSUANT TO THE CONFIRMATION ORDER. INCLUDED IN THE CREDITORS RECEIVING DISTRIBUTIONS WERE THE 622 FORMER EMPLOYEES OF FEGS WHOSE CLAIMS WERE FOR UNPAID SALARY AND WAGES THAT AROSE ON OR PRIOR TO MARCH 18, 2015. FEGS REPORTED THE 622 FORMER EMPLOYEES WHO RECEIVED DISTRIBUTIONS FROM FEGS DURING 2022 FOR THEIR ALLOWED GENERAL UNSECURED CLAIMS FOR UNPAID SALARY AND WAGES THAT AROSE PRIOR TO MARCH 18, 2015 ON THE 2022 FORM W-2 WAGE AND TAX STATEMENTS THAT FEGS ISSUED TO THESE INDIVIDUALS AND THE 2022 W-3 TRANSMITTAL OF WAGE AND TAX STATEMENTS. IN ADDITION TO THE 622 2022 FORM W-2S ISSUED BY FEGS TO ITS FORMER EMPLOYEES WHO RECEIVED DISTRIBUTIONS ON THEIR ALLOWED GENERAL UNSECURED CLAIMS THAT QUALIFIED AS WAGES, FEGS ALSO ISSUED 5 2022 FORM W-2S TO ITS 5 FULL-TIME EMPLOYEES. THUS, THE TOTAL NUMBER OF 2022 FORM W-2S ISSUED BY FEGS WAS 627. SINCE THE PETITION DATE, FEGS HAS FILED WITH THE COURT ITS MONTHLY OPERATING REPORT ("MOR") WHICH IS AVAILABLE FOR REVIEW. SINCE THE EFFECTIVE DATE, FEGS HAS FILED ITS OPERATING REPORT ON A QUARTERLY BASIS ("QOR") AND WHICH IS ALSO AVAILABLE FOR REVIEW. FEGS' CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER, MOR, QOR, AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Form 990, Part VI, Line 15a PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL HISTORICALLY, THE COMPENSATION OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC.'S ("FEGS," THE "DEBTOR, THE "TAXPAYER") CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, EXECUTIVE MANAGEMENT, AND ALL KEY EMPLOYEES WAS REVIEWED BY THE EXECUTIVE COMPENSATION COMMITTEE OF FEGS' BOARD AND THEN REVIEWED BY THE EXECUTIVE COMMITTEE WHO WAS RESPONSIBLE FOR FINAL APPROVAL OF THE COMPENSATION. THE EXECUTIVE COMMITTEE'S DECISION OF THE FINAL APPROVED COMPENSATION WAS REPORTED TO THE FULL BOARD OF DIRECTORS. IN DETERMINING THE REASONABLENESS OF COMPENSATION FOR THESE EMPLOYEES, THE EXECUTIVE COMPENSATION COMMITTEE AND THE EXECUTIVE COMMITTEE RELIED ON THE INDEPENDENT REVIEW OF COMPENSATION OF COMPARABLE ORGANIZATIONS BY AN INDEPENDENT AND RECOGNIZED COMPENSATION FIRM IN ADDITION TO OTHER RELEVANT ORGANIZATIONAL MATERIALS AND COMPENSATION DATA. THIS PROCESS WAS LAST UNDERTAKEN IN 2014 WHEN FEGS ENGAGED AN INDEPENDENT COMPENSATION FIRM TO PERFORM A COMPENSATION STUDY AND PRIOR TO THE PETITION DATE. ON MARCH 18, 2015 (THE "PETITION DATE"), FEGS FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"), CHAPTER 11 CASE NO. 15-71074 (REG). SHORTLY PRIOR TO AND AFTER THE FILING OF ITS VOLUNTARY PETITION FOR CHAPTER 11 RELIEF, FEGS' CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, ITS EXECUTIVE MANAGEMENT AND MANY OF ITS KEY EMPLOYEES RESIGNED OR WERE TERMINATED. PURSUANT TO THE TERMS OF AN EMPLOYMENT AGREEMENT DATED JULY 15, 2015 (THE "AGREEMENT") ONE OF FEGS' FORMER KEY EMPLOYEES WAS PROMOTED TO THE NEWLY CREATED POSITION OF CHIEF WIND-DOWN OFFICER. THE AGREEMENT, INCLUDING THE CHIEF WIND-DOWN OFFICER'S SALARY AND BONUS, WAS NEGOTIATED BETWEEN THAT INDIVIDUAL AND THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS, WAS APPROVED BY FEGS' BOARD, AND WAS REPORTED TO THE BANKRUPTCY COURT. PURSUANT TO AN ORDER ENTERED FEBRUARY 6, 2018 (THE "CONFIRMATION ORDER"), THE COURT APPROVED THE DEBTOR'S THIRD AMENDED PLAN OF LIQUIDATION (THE "PLAN"). PURSUANT TO THE CONFIRMATION ORDER, JUDITH PINCUS WAS APPOINTED AS THE PLAN ADMINISTRATOR. THE PLAN ADMINISTRATOR'S SALARY AND BONUS WAS NEGOTIATED BETWEEN THAT INDIVIDUAL AND THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS AND APPROVED BY THE COURT. Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES AS ITS REMAINING EMPLOYEES ASSUME GREATER RESPONSIBILITIES AND INCREASED WORKLOADS THE DEBTOR HAS INCREASED EMPLOYEES' BASE SALARY COMPENSATION. Form 990, Part VI, Line 1a (Also Part I, Line 3) Governing Body and Management ON MARCH 18, 2015 (THE "PETITION DATE"), FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER NOT-FOR-PROFIT SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT NOT-FOR-PROFIT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS REAL ESTATE TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OF ITS REAL ESTATE COULD BE COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN") WITH THE COURT. THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF ITS FORMER CLIENTS, TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS. THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS (THE "HOUSING CORPORATION INTERESTS") IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. ON FEBRUARY 6, 2018, PURSUANT TO THE FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN. THE PLAN BECAME EFFECTIVE MARCH 1, 2018, the "effective date" [DOCKET NO. 1056]. PURSUANT TO THE CONFIRMATION ORDER, JUDITH PINCUS WAS APPOINTED PLAN ADMINISTRATOR. THE PLAN PROVIDES IN PERTINENT PART, THAT THE PLAN ADMINISTRATOR IS TO ACT FOR FEGS IN A FIDUCIARY CAPACITY AS APPLICABLE TO A BOARD OF DIRECTORS, SUBJECT TO THE PROVISIONS OF THE PLAN. SEE PLAN §5.11(B). UNDER THE PLAN, ON THE EFFECTIVE DATE, THE MEMBERS OF FEGS' BOARD OF DIRECTORS WERE DEEMED TO HAVE RESIGNED THEIR POSITIONS AS DIRECTORS AND RELIEVED OF ALL FURTHER RESPONSIBILITIES, WITH THE OPERATION OF FEGS BECOMING THE RESPONSIBILITY OF THE PLAN ADMINISTRATOR. SEE PLAN §5.10. Following the effective date and as provided for under the plan, the court retains exclusive jurisdiction of the debtor's case for the purposes set forth in §12.1 of the plan and non-exclusive jurisdiction of the debtor's case for the purposes as set forth in §12.2 of the plan. see confirmation order, paragraph 34. FEGS' CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER, CREDITOR TRUST AGREEMENT, AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Form 990, Part VI, Line 8a Documentation of meetings held by governing body ON MARCH 18, 2015 (THE "PETITION DATE"), FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER NOT-FOR-PROFIT SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT NOT-FOR-PROFIT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS REAL ESTATE TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OF ITS REAL ESTATE COULD BE COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN") WITH THE COURT. THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF ITS FORMER CLIENTS, TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS. THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS (THE "HOUSING CORPORATION INTERESTS") IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. ON FEBRUARY 6, 2018, PURSUANT TO THE FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN. THE PLAN BECAME EFFECTIVE MARCH 1, 2018, the "effective date" [DOCKET NO. 1056]. PURSUANT TO THE CONFIRMATION ORDER, JUDITH PINCUS WAS APPOINTED PLAN ADMINISTRATOR. THE PLAN PROVIDES IN PERTINENT PART, THAT THE PLAN ADMINISTRATOR IS TO ACT FOR FEGS IN A FIDUCIARY CAPACITY AS APPLICABLE TO A BOARD OF DIRECTORS, SUBJECT TO THE PROVISIONS OF THE PLAN. SEE PLAN §5.11(B). UNDER THE PLAN, ON THE EFFECTIVE DATE THE MEMBERS OF FEGS' BOARD OF DIRECTORS WERE DEEMED TO HAVE RESIGNED THEIR POSITIONS AS DIRECTORS AND RELIEVED OF ALL FURTHER RESPONSIBILITIES, WITH THE OPERATIONS OF FEGS BECOMING THE RESPONSIBILITY OF THE PLAN ADMINISTRATOR. SEE PLAN §5.10. THROUGH THE EFFECTIVE DATE (MARCH 1, 2018), THE BOARD OF DIRECTORS MEETINGS AND ALL ACTIONS TAKEN BY THE BOARD AND COMMITTEES WERE CONTEMPORANEOUSLY DOCUMENTED. Following the effective date and as provided for under the plan, the court retains exclusive jurisdiction of the debtor's case for the purposes as set forth in §12.1 of the plan and non-exclusive jurisdiction of the debtor's case for the purposes as set forth in §12.2 of the plan. See confirmation order paragraph 34. accordingly, FEGS has complied with the requirements that it contemporaneously document the actions undertaken during the current year. FEGS' CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER, CREDITOR TRUST AGREEMENT, AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body ON MARCH 18, 2015 (THE "PETITION DATE"), FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER NOT-FOR-PROFIT SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT NOT-FOR-PROFIT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS REAL ESTATE TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OF ITS REAL ESTATE COULD BE COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN") WITH THE COURT. THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF ITS FORMER CLIENTS, TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS. THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS (THE "HOUSING CORPORATION INTERESTS") IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. ON FEBRUARY 6, 2018, PURSUANT TO THE FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN. THE PLAN BECAME EFFECTIVE MARCH 1, 2018, the "effective date" [DOCKET NO. 1056]. PURSUANT TO THE CONFIRMATION ORDER, JUDITH PINCUS WAS APPOINTED PLAN ADMINISTRATOR. THE PLAN PROVIDES IN PERTINENT PART, THAT THE PLAN ADMINISTRATOR IS TO ACT FOR FEGS IN A FIDUCIARY CAPACITY AS APPLICABLE TO A BOARD OF DIRECTORS, SUBJECT TO THE PROVISIONS OF THE PLAN. SEE PLAN §5.11(B). UNDER THE PLAN, ON THE EFFECTIVE DATE THE MEMBERS OF FEGS' BOARD OF DIRECTORS WERE DEEMED TO HAVE RESIGNED THEIR POSITIONS AS DIRECTORS AND RELIEVED OF ALL FURTHER RESPONSIBILITIES, WITH THE OPERATIONS OF FEGS BECOMING THE RESPONSIBILITY OF THE PLAN ADMINISTRATOR. SEE PLAN §5.10. THROUGH THE EFFECTIVE DATE (MARCH 1, 2018), THE BOARD OF DIRECTORS MEETINGS AND ALL ACTIONS TAKEN BY THE BOARD AND COMMITTEES WERE CONTEMPORANEOUSLY DOCUMENTED. Following the effective date and as provided for under the plan, the court retains exclusive jurisdiction of the debtor's case for the purposes as set forth in §12.1 of the plan and non-exclusive jurisdiction of the debtor's case for the purposes as set forth in §12.2 of the plan. See confirmation order paragraph 34. accordingly, FEGS has complied with the requirements that it contemporaneously document the actions undertaken during the current year. FEGS' CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER, CREDITOR TRUST AGREEMENT, AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Form 990, Part VI, Line 11b Review of form 990 by governing body ON MARCH 18, 2015 (THE "PETITION DATE"), FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER NOT-FOR-PROFIT SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT NOT-FOR-PROFIT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS REAL ESTATE TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OF ITS REAL ESTATE COULD BE COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN"). THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF ITS FORMER CLIENTS, TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS. THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS IN FOUR HOUSING CORPORATIONS (THE "HOUSING CORPORATION INTERESTS") WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. ON FEBRUARY 6, 2018, PURSUANT TO THE FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN. UNDER THE PLAN, ON THE EFFECTIVE DATE, THE MEMBERS OF FEGS' BOARD OF DIRECTORS WERE DEEMED TO HAVE RESIGNED THEIR POSITIONS AS DIRECTORS AND RELIEVED OF ALL FURTHER RESPONSIBILITIES, WITH THE OPERATION OF FEGS BECOMING THE RESPONSIBILITY OF THE PLAN ADMINISTRATOR. SEE PLAN §5.10. THE PLAN BECAME EFFECTIVE MARCH 1, 2018 [DOCKET NO. 1056]. FEGS' CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER, CREDITOR TRUST AGREEMENT, AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. FEGS HAS PROVIDED A COMPLETE COPY OF THIS FORM 990 TO THE PLAN ADMINISTRATOR. Form 990, Part VI, Line 12c Conflict of interest policy ON MARCH 18, 2015 (THE "PETITION DATE"), FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS THE "DEBTOR THE "TAXPAYER") FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"), CHAPTER 11 CASE NO. 15-71074 (REG). SUBSEQUENTLY, PURSUANT TO AN ORDER OF THE COURT ENTERED FEBRUARY 6, 2018 (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED THE DEBTOR'S THIRD AMENDED PLAN OF LIQUIDATION (THE "PLAN"). THE CONFIRMATION ORDER PROVIDES IN PERTINENT PART THAT "ON THE EFFECTIVE DATE, THE MEMBERS OF THE DEBTOR'S BOARD OF TRUSTEES SHALL BE DEEMED TO HAVE RESIGNED THEREFROM, AND SHALL BE RELIEVED OF ALL FURTHER RESPONSIBILITIES, WITH THE OPERATION OF THE DEBTOR BECOMING THE RESPONSIBILITY OF THE PLAN ADMINISTRATOR IN ACCORDANCE WITH THE PLAN." SEE CONFIRMATION ORDER, PARA. 12, P. 13 [DOCKET NO. 1050]. PURSUANT TO THE CONFIRMATION ORDER, JUDITH PINCUS WAS APPOINTED AS THE PLAN ADMINISTRATOR. SEE CONFIRMATION ORDER PARA. 4, P. 10 [DOCKET NO. 1050]. THE "EFFECTIVE DATE" OCCURRED ON MARCH 1, 2018 [DOCKET NO. 1056]. PRIOR TO THE PLAN'S EFFECTIVE DATE, ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES WERE REQUIRED TO REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND COMPLETE AND SIGN A DISCLOSURE QUESTIONNAIRE REPRESENTING THAT THEY HAVE REVIEWED THE POLICY AND HAVE REPORTED ANY POTENTIAL CONFLICTS THAT MAY EXIST. ANY DISCLOSED CONFLICT WAS REVIEWED BY THE LEGAL COMMITTEE AND EXECUTIVE COMMITTEE OF THE BOARD AND, FOLLOWING THEIR REVIEW OF THE MATTER, THEY EITHER MADE DETERMINATIONS ON THE MATTER, OR REFERRED APPROPRIATE MATTERS TO THE FULL BOARD OF DIRECTORS. DURING THE PERIOD AFTER THE EFFECTIVE DATE, THE PLAN ADMINISTRATOR REVIEWED FEGS' CONFLICT OF INTEREST POLICY AND SIGNED A DISCLOSURE QUESTIONNAIRE STATING THAT SHE HAD REVIEWED THE POLICY AND DID NOT HAVE ANY POTENTIAL CONFLICTS OF INTEREST. THE TAXPAYER'S CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. SINCE MARCH 18, 2015 (THE "PETITION DATE") AND THROUGH FEBRUARY 28, 2018, THE TAXPAYER HAS FILED WITH THE UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF NEW YORK ITS MONTHLY OPERATING REPORT ("MOR") WHICH IS ALSO AVAILABLE FOR REVIEW. PURSUANT TO AN ORDER ENTERED FEBRUARY 6, 2018 (THE "CONFIRMATION ORDER"), THE COURT APPROVED THE DEBTOR'S THIRD AMENDED PLAN OF LIQUIDATION (THE "PLAN") [DOCKET NO. 1050]. THE PLAN BECAME EFFECTIVE MARCH 1, 2018 [DOCKET NO. 1056]. SINCE MARCH 1, 2018, THE TAXPAYER HAS FILED ITS OPERATING REPORTS WITH THE COURT ON A QUARTERLY BASIS ("QOR") AND WHICH ARE ALSO AVAILABLE FOR REVIEW. THE TAXPAYER'S CHAPTER 11 CASE NUMBER IS 15-71074 (REG). THE PLAN, CONFIRMATION ORDER AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE INCLUDING THE MONTHLY AND QUARTERLY OPERATING REPORTS FILED BY FEGS CAN BE REVIEWED AT HTTPS://ECF.NYEB.USCOURTS.GOV/. Form 990, Part IX, Line 11g Other Expenses Bad debt expense - Total Expense: 1151592, Program Service Expense: 1151592, Management and General Expenses: , Fundraising Expenses: ; Form 990, Part X, Column (B) End of Year Balance Sheet WITH RESPECT TO FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC.'S ("FEGS," THE "DEBTOR, THE "TAXPAYER") ASSET BALANCE SHEET ACCOUNTS, CASH AND INVESTMENT ASSET ACCOUNT BALANCES ARE REFLECTED AT FAIR MARKET VALUE, ACCOUNTS RECEIVABLE IS REFLECTED AT ESTIMATED NET REALIZABLE VALUE AND THE OTHER BALANCE SHEET ASSET ACCOUNT BALANCES AT HISTORICAL COST. WITH RESPECT TO ACCOUNTS RECEIVABLE, THE DEBTOR HAS REVIEWED THIS ASSET ACCOUNT AND HAS WRITTEN-OFF RECEIVABLES THAT THE DEBTOR BELIEVES WILL NOT BE COLLECTED. WITH RESPECT TO LAND, BUILDINGS, LEASEHOLD IMPROVEMENTS AND EQUIPMENT, THE DEBTOR COMPLETED THE SALE OF ITS RESIDENTIAL PROPERTIES DURING A PRIOR TAX YEAR (6/30/2019) AND ACCORDINGLY THE BEGINNING AND END OF YEAR BALANCE OF THIS ASSET ACCOUNT IS $0. LIABILITY BALANCE SHEET ACCOUNT BALANCES ARE REFLECTED AT AMOUNTS STATED BY THE DEBTOR AT HISTORICAL COST. UNLESS OTHERWISE NOTED, THE AMOUNTS REFLECTED IN THE LIABILITY ACCOUNTS FOR ACCOUNTS PAYABLE, NOTES PAYABLE AND OTHER LIABILITIES MAY BE UNDERSTATED. IN ADDITION, THE DEBTOR HAS INCURRED AND WILL CONTINUE TO INCUR ADDITIONAL LIABILITIES AS A RESULT OF THE FILING OF THE BANKRUPTCY PETITION AND IN THE WIND-DOWN OF ITS BUSINESS. ALONG THIS LINE, CERTAIN LIABILITIES REFLECTED IN THE DEBTOR'S BALANCE SHEET WILL BE SUBJECT TO ADJUSTMENT THROUGH THE BANKRUPTCY PROCESS. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN"). THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE DISCLOSURE STATEMENT PROVIDES A DETAILED DESCRIPTION OF THE AMOUNTS EXPECTED TO BE REALIZED BY FEGS FROM THE SALE OF ITS REMAINING ASSETS, INCLUDING ITS REAL ESTATE. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. THE PLAN PROPOSES THE PRIVATE SALE OF SUBSTANTIALLY ALL OF THE REMAINING REAL ESTATE ASSETS - COMPRISED LARGELY OF GROUP HOMES, COOPERATIVE APARTMENTS AND COMMUNITY RESIDENCE FACILITIES HOUSING MANY OF ITS FORMER CLIENTS, (THE "PROGRAM PROPERTIES"), TO THE NOT-FOR-PROFIT EXEMPT ORGANIZATIONS WHO TOOK OVER FEGS' PROGRAMS AND CONTINUE TO PROVIDE SERVICES TO FEGS' FORMER RESIDENTIAL CLIENTS (THE "PROVIDERS"). THE PLAN ALSO PROVIDES FOR THE PRIVATE SALE OF FEGS' MEMBERSHIP AND SPONSORSHIP INTERESTS IN FOUR HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS (THE "HOUSING CORPORATION INTERESTS"). THESE PRIVATE SALES WILL SERVE TO CONTINUE THE CHARITABLE MISSION OF FEGS AND TO ENSURE THE CONTINUED RESIDENCE AND CARE OF ITS FORMER CLIENTS. ON FEBRUARY 6, 2018, PURSUANT TO A FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN AND AUTHORIZED THE PLAN'S IMPLEMENTATION. SPECIFICALLY, THE COURT AUTHORIZED THE DEBTOR AND/OR THE PLAN ADMINISTRATOR, AS APPLICABLE, TO TAKE ANY AND ALL ACTIONS NECESSARY TO (1) CONSUMMATE THE PRIVATE SALE OF THE DEBTOR'S PROGRAM PROPERTIES TO THE PROVIDERS AND (2) CONSUMMATE THE PRIVATE SALE OF THE HOUSING CORPORATION INTERESTS. THE CONFIRMATION ORDER ALSO CONFIRMED THE APPOINTMENT OF JUDITH PINCUS AS THE PLAN ADMINISTRATOR AND AUTHORIZED MS. PINCUS TO IMPLEMENT THE PLAN IN A MANNER CONSISTENT WITH THE TERMS AND CONDITIONS AS SET FORTH IN THE PLAN AND CONFIRMATION ORDER. THE PLAN BECAME EFFECTIVE MARCH 1, 2018 [DOCKET NO. 1056]. PURSUANT TO THE PLAN, A CREDITOR TRUST WAS ALSO CREATED FOR THE PURPOSE OF PURSUING CERTAIN LITIGATION CLAIMS FOR THE BENEFIT OF UNSECURED CREDITORS. THE CREDITOR TRUST WAS FUNDED BY FEGS WITH CASH AND THE ASSIGNMENT OF LITIGATION CLAIMS CONSISTING OF PREFERENCE CLAIMS, CLAIMS HELD BY FEGS AGAINST TWO OF ITS FORMER OFFICERS AND CLAIMS HELD BY FEGS AGAINST ITS FORMER AUDITOR. PURSUANT TO THE CONFIRMATION ORDER AND CREDITOR TRUST AGREEMENT, ROBERT N. MICHAELSON WAS APPOINTED TRUSTEE OF THE CREDITOR TRUST. IN ADDITION TO AND SEPARATE FROM THE CREDITOR TRUST, THE PLAN ALSO REQUIRED THAT THE PLAN ADMINISTRATOR ESTABLISH A DISPUTED CLAIMS RESERVE, THE FEGS DISPUTED CLAIMS RESERVE DOF, TO PROVIDE A VEHICLE FOR THE PAYMENT OF DISPUTED GENERAL UNSECURED CLAIMS IF AND WHEN THEY BECAME ALLOWED CLAIMS. UNDER THE PLAN, THE FEGS DISPUTED CLAIMS RESERVE DOF RECEIVED THE DISPUTED GENERAL UNSECURED CREDITORS' PRO RATA SHARE OF THE CREDITOR TRUST INTERESTS ON THE DATE THAT THE TAXPAYER TRANSFERRED THE CREDITOR TRUST ASSETS (WHICH CONSISTED OF CASH AND LITIGATION CLAIMS) TO THE CREDITOR TRUST. BECAUSE AS OF THE EFFECTIVE DATE NO DETERMINATION HAD BEEN MADE AS TO WHETHER A CLAIM FILED AS A GENERAL UNSECURED CLAIM WAS ALLOWED, ALL OF THE CREDITOR TRUST INTERESTS WERE TRANSFERRED TO THE FEGS DISPUTED CLAIMS RESERVE DOF. AS OF JUNE 30, 2021, THE CREDITOR TRUST HAD COMPLETED THE MONETIZATION OF ITS ASSETS (WHICH CONSISTED PRIMARILY OF THE LITIGAITON CLAIMS) AND HAD TRANSFERRED ALL OF ITS ASSETS (AFTER PAYMENT OF ALLOWABLE EXPENSES) TO THE FEGS DISPUTED CLAIMS RESERVE DOF. IN MARCH, 2022, THE FEGS DISPUTED CLAIMS RESERVE DOF MADE ITS FIRST DISTRIBUTION TO HOLDERS OF ALLOWED GENERAL UNSECURED CLAIMS. UPON COMPLETION OF THE FIXING OF GENERAL UNSECURED CLAIMS, A SECOND AND FINAL DISTRIBUTION WILL OCCUR. DURING THE CURRENT TAX YEAR AND PURSUANT TO COURT ORDERS INCLUDING THE CONFIRMATION ORDER, THE DEBTOR CONTINUED THE PROCESS OF WINDING-UP ITS OPERATIONS AND THE IMPLEMENTATION OF THE PLAN AS APPROVED BY THE COURT. SUCH WIND-UP ACTIVITIES INCLUDE BUT IS NOT LIMITED TO THE SALE BY THE DEBTOR OF ONE OF ITS INTERESTS IN THE HOUSING CORPORATIONS TO ANOTHER NOT FOR PROFIT EXEMPT ORGANIZATION. AT END OF YEAR, THE DEBTOR CONTINUED TO OWN HOUSING CORPORATION INTERESTS IN THREE REMAINING HOUSING CORPORATIONS WHOSE PROPERTIES HOUSE PHYSICALLY AND DEVELOPMENTALLY DISABLED CLIENTS. THE DEBTOR CONTINUED TO MARKET FOR SALE THE THREE REMAINING HOUSING CORPORATION INTERESTS. THE TAXPAYER'S CHAPTER 11 CASE NUMBER IS 15-71074 (REG). FEGS' DISCLOSURE STATEMENT, PLAN, CONFIRMATION ORDER, CREDITOR TRUST AGREEMENT AND THE OTHER PLEADINGS FILED IN FEGS' CHAPTER 11 CASE ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV. Form 990, Part XI, Line 9 Transfer of Fund Balance Explanation ON MARCH 18, 2015 (THE "PETITION DATE"), FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK (THE "COURT"). DURING THE PENDENCY OF ITS CHAPTER 11 CASE, FEGS OPERATED ITS BUSINESS AND MANAGED ITS AFFAIRS AS A DEBTOR-IN-POSSESSION. PRIOR TO THE PETITION DATE, FEGS ANNOUNCED THAT IT PLANNED TO TRANSFER ITS CHARITABLE PURPOSE PROGRAMS TO OTHER NOT-FOR-PROFIT SERVICE PROVIDERS. BY MAY 31, 2015, FEGS HAD SUCCESSFULLY TRANSFERRED ITS CHARITABLE PURPOSE PROGRAMS TO OTHER EXEMPT NOT-FOR-PROFIT ORGANIZATIONS. PURSUANT TO COURT ORDER, FEGS SUBSEQUENTLY LEASED ITS REAL ESTATE TO THE ACQUIRING SERVICE PROVIDERS UNTIL A SALE OF ITS REAL ESTATE COULD BE COMPLETED AND APPROVED BY THE COURT. ON OCTOBER 6, 2017, FEGS FILED WITH THE COURT ITS DISCLOSURE STATEMENT AND PLAN OF LIQUIDATION (COLLECTIVELY, THE "PLAN"). THE PLAN PROVIDES A MEANS BY WHICH THE REMAINING ASSETS OF THE DEBTOR'S REAL ESTATE PORTFOLIO AND OTHER REMAINING ASSETS WILL BE LIQUIDATED. THE PLAN FURTHER PROVIDES THAT THE PROCEEDS OF SUCH LIQUIDATION, TOGETHER WITH THE PROCEEDS OF THE PRIOR SALES OF THE DEBTOR'S ASSETS, WILL BE DISTRIBUTED UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND SETS FORTH THE TREATMENT OF ALL CLAIMS AGAINST THE DEBTOR. ON FEBRUARY 6, 2018, PURSUANT TO A FINDING OF FACT, CONCLUSIONS OF LAW AND ORDER CONFIRMING THIRD AMENDED PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE OF FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. D/B/A FEGS [DOCKET NO. 1050] (THE "CONFIRMATION ORDER"), THE COURT CONFIRMED FEGS' PLAN AND AUTHORIZED THE PLAN'S IMPLEMENTATION. THE CONFIRMATION ORDER CONFIRMED THE APPOINTMENT OF JUDITH PINCUS AS THE PLAN ADMINISTRATOR AND AUTHORIZED MS. PINCUS TO IMPLEMENT THE PLAN IN A MANNER CONSISTENT WITH THE TERMS AND CONDITIONS SET FORTH IN THE PLAN AND CONFIRMATION ORDER. THE PLAN AND CONFIRMATION ORDER CONTAINS THE DEBTOR'S ACKNOWLEDGEMENT THAT IT MAINTAINED AT THE TIME OF PLAN CONFIRMATION APPROXIMATELY $9.5 MILLION OF FUNDS DESIGNATED ON ITS BOOKS AND RECORDS AS DONOR RESTRICTED (THE "RESTRICTED FUNDS"). THESE FUNDS HAVE BEEN HISTORICALLY HELD BY FEGS IN SEGREGATED ACCOUNTS. THE PLAN FURTHER PROVIDES THAT THE RESTRICTED FUNDS ARE NOT ASSETS OF THE DEBTOR'S ESTATE AND ARE ACCORDINGLY, NOT AVAILABLE FOR DISTRIBUTION TO CREDITORS. THE PLAN FURTHER PROVIDES PROTOCOLS FOR THE DISTRIBUTION OF SUCH FUNDS. AS REPORTED IN PRIOR YEARS' TAX RETURNS, WITH THE CONSENT AND APPROVAL OF THE NEW YORK STATE ATTORNEY GENERAL'S CHARITIES BUREAU AND COURT ORDERS, AS OF JUNE 30, 2022, FEGS HAD DISTRIBUTED ALL OF THE FUNDS IN ITS RESTRICTED FUNDS ACCOUNT TO OTHER IRC SECTION 501(C)(3) ORGANIZATIONS. DURING THE CURRENT TAX YEAR, NO FUNDS REMAINED ON DEPOSIT IN FEGS' RESTRICTED FUNDS ACCOUNT. Form 990, Part XI, Line 9 Other changes in net assets or fund balances TRANSFER OF FUND BALANCE - SEE DETAILED EXPLANATION BELOW - 323438; Cancellation of indebtedness - 2566; Form 990, Part XII, Line 3b REASON ORGANIZATION DID NOT UNDERGO REQUIRED AUDIT ON MARCH 18, 2015 (THE "PETITION DATE"), FEDERATION EMPLOYMENT AND GUIDANCE SERVICE, INC. ("FEGS", THE "DEBTOR", OR THE "TAXPAYER") FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK, CASE NO. 15-71074 (REG). AS A RESULT OF THE BANKRUPTCY FILING, THE TAXPAYER DID NOT UNDERGO AN A133 AUDIT. THAT SAID, SINCE MARCH 18, 2015 THROUGH FEBRUARY 28, 2018, THE TAXPAYER HAS FILED MONTHLY OPERATING REPORTS ("MOR") WITH THE COURT AND FROM MARCH 1, 2018 THROUGH THE CURRENT PERIOD, QUARTERLY OPERATING REPORTS ("QOR") WHICH REFLECT ITS FINANCIAL ACTIVITY. THE TAXPAYER'S MONTHLY OPERATING REPORTS AND QUARTERLY OPERATING REPORTS ARE AVAILABLE FOR REVIEW AT HTTPS://ECF.NYEB.USCOURTS.GOV/. FEGS HOME CARE SERVICES INC 2 PARK AVE 20TH FLOOR NEW YORK NY 10016 133896296 Dissolved 7/18/2022 NY 501(c)(3) 10 FEGS true JEWISH CARE SERVICES OF LONG ISLAND INC 2 PARK AVE 20TH FLOOR NEW YORK NY 10016 112417269 Dissolved 7/18/2022 NY 501(c)(3) 10 FEGS true WAVERLY RESIDENCE INC 2 PARK AVE 20TH FLOOR NEW YORK NY 10016 133948925 Sponsorship transferred 2/13/2023 NY 501(c)(3) 10 FEGS true NYSD FORSYTH HDFC INC (184(F0) 2 PARK AVE 20TH FLOOR NEW YORK NY 10016 133985586 HSNG FOR INDIVS WHO ARE DEAF, DEAF-BLIND, DISABLED AND/OR OF LOW INCOME MEANS NY 501(c)(3) 10 FEGS true NYSD HDFC INC AKA TANYA TOWERS II (174(F)) 2 PARK AVE 20TH FLOOR NEW YORK NY 10016 133581374 HSNG FOR INDIVS WHO ARE DEAF, DEAF-BLIND, DISABLED AND/OR OF LOW INCOME MEANS NY 501(c)(3) 10 FEGS true NYSD ROMBOUTS HDFC INC 2 PARK AVE 20TH FLOOR NEW YORK NY 10016 133807673 HSNG FOR INDIVS WHO ARE DEAF, DEAF-BLIND, DISABLED AND/OR OF LOW INCOME MEANS NY 501(c)(3) 10 FEGS true HR DYNAMICS INC 2 PARK AVE 20TH FLOOR NEW YORK NY 10016 133930869 Inactive NY FEGS C Corporation 0 0 1 true ALLSECTOR TECHNOLOGY GROUP INC 2 PARK AVE 2OTH FLOOR NEW YORK NY 10016 134024753 Inactive NY FEGS C Corporation 0 0 0.95 true STAFF RESOURCES INC 2 PARK AVE 20TH FLOOR NEW YORK NY 10016 133948926 Inactive NY FEGS C Corporation 0 0 1 true FEGS HOLDING CORP 2 PARK AVE 20TH FLOOR NEW YORK NY 10016 132972009 DORMANT NY FEGS C Corporation 0 0 1 true false false false false false false false false false false false false false false false true false false false NYSD ROMBOUTS HDFC INC P 83148 FMV NYSD HDFC INC AKA TANYA TOWERS II (174(F)) P 147776 FMV NYSD FORSYTH HDFC INC P 90784 FMV