2024-04-26T13:07:03-05:00 2023-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-07-01 521264032 LARGO LANDING ELDERLY DEVELOPMENTS INC LARG 3012492100 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 DR SHONTAY KINCAID PRESIDENT 3012492100 2024-04-26 1 DR SHONTAY KINCAID XXX-XX-XXXX 1 KERRI N BOGDA CPA P00760402 7177404863 2024-04-26 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR SHONTAY KINCAID 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 2236512 0 X WWW.FELLOWSHIPSQUARE.ORG X 1984 VA AFFORDABLE HOUSING AND SERVICES FOR LOW INCOME SENIORS AND THOSE WHO ARE PHYSICALLY DISABLED. 6 6 7 24 0 0 134039 67681 2058165 2107075 690 3012 42139 58744 2235033 2236512 0 0 0 0 409975 466179 0 0 0 1591909 1755942 2001884 2222121 233149 14391 5570892 5793131 3709217 3915416 1861675 1877715 X THE ORGANIZATION PROVIDES AFFORDABLE HOUSING AND SERVICES TO OLDER ADULTS. 0 0 1938644 0 2107075 FELLOWSHIP SQUARE PROVIDES AFFORDABLE HOUSING AND SERVICES TO SENIORS WHO HAVE VERY LIMITED INCOMES AND RESOURCES. SINCE 1960, FELLOWSHIP SQUARE FOUNDATION HAS PROVIDED QUALITY, INDEPENDENT APARTMENT LIVING IN RESTON AND WOODBRIDGE, VIRGINIA AND UPPER MARLBORO, MARYLAND FOR MORE THAN 3,000 RESIDENTS.LARGO LANDING FELLOWSHIP HOUSE OPENED IN 1984 AND OFFERS 106 UNITS OF INDEPENDENT LIVING ALONG WITH COMMON SPACE FOR ACTIVITIES, GAMES, EXERCISE, SOCIAL EVENTS AND HEALTHCARE PRESENTATIONS. THE PROPERTY SITS OFF A MAIN ROAD AND IS SURROUNDED BY A FOREST WHICH INCLUDES TRAILS AND A WALKING PATH FOR RESIDENTS. THE PROPERTY OPERATES UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT AND PARTICIPATES IN THE SECTION 8 HOUSING ASSISTANCE PAYMENT PROGRAM. THE PROPERTY IS REGULATED BY THE US HOUSING AND URBAN DEVELOPMENT AGENCY AS TO RENT CHARGES AND OPERATING METHODS. 1938644 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 VA X CHRISTY ZEITZ 7038602536 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 X DR SHONTAY KINCAID PRESIDENT 0.75 0.75 X X 0 0 0 ALLISON WATTS DIRECTOR 0.50 0.00 X X 0 0 0 THERESA HILL TREASURER/SECRETARY 0.50 0.00 X X 0 0 0 NICOLE MARSHALL DIRECTOR 0.50 0.00 X 0 0 0 JOHN PRIEBE DIRECTOR 0.50 0.00 X 0 0 0 LYNN THOMAS VICE PRESIDENT 0.75 0.75 X 0 0 0 CHRISTINA ZEITZ CEO 1.00 37.50 X 0 172731 24475 0 172731 24475 0 0 1 0 0 6045 61636 6045 67681 RENTAL INCOME 531110 2107075 2107075 2107075 3012 3012 COVID CSP REVENUE 900099 54039 54039 LAUNDRY AND VENDING 900099 1891 1891 TELEPHONE AND CABLE 900099 1706 1706 1108 1108 58744 2236512 2107075 0 61756 X 396444 396444 1889 1889 35754 35754 32092 32092 88567 88567 6187 6187 15625 15625 251501 81020 170481 907 907 91088 91088 952033 952033 9922 9922 4274 4274 284492 284492 16130 16130 EDUCATION AND TRAINING 22362 22362 TAX, LICENSE, AND FEES 10237 10237 MISC. EXPENSES 2617 2617 2222121 1938644 283477 0 221772 421342 19891 32689 10200932 5992607 4264821 4208325 1064408 1130775 5570892 5793131 44346 167464 37788 37568 3613575 3448238 13508 262146 3709217 3915416 X 1861675 1877715 1861675 1877715 5570892 5793131 X 14391 1649 X 0 1 X 1 1 1 X 35653 38519 14187 134039 67681 290079 1928224 1941978 2001699 2058165 2107075 10037141 1963877 1980497 2015886 2192204 2174756 10327220 0 0 0 10327220 1079 2006 1150 690 3012 7937 1079 2006 1150 690 3012 7937 3088 5422 1444 42139 63821 115914 1968044 1987925 2018480 2235033 2241589 10451071 0.98810 0.99390 0.00080 0.00060 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: BEAUTY SHOP - 2018 AMOUNT: $ 234. 2019 AMOUNT: $ 407. 2020 AMOUNT: $ 35. 2021 AMOUNT: $ 546. 2022 AMOUNT: $ 519. COVID CSP REVENUE - 2021 AMOUNT: $ 14,144. 2022 AMOUNT: $ 54,039. LAUNDRY AND VENDING - 2018 AMOUNT: $ 2,698. 2019 AMOUNT: $ 2,131. 2020 AMOUNT: $ 950. 2021 AMOUNT: $ 2,541. 2022 AMOUNT: $ 1,891. MISCELLANEOUS - 2018 AMOUNT: $ 156. 2019 AMOUNT: $ 237. 2020 AMOUNT: $ 296. 2022 AMOUNT: $ 5,077. TELEPHONE AND CABLE - 2021 AMOUNT: $ 24,807. 2022 AMOUNT: $ 1,706. TENANT CHARGES - 2021 AMOUNT: $ 101. 2022 AMOUNT: $ 589. REFUNDS - 2019 AMOUNT: $ 2,647. 2020 AMOUNT: $ 163. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 319500 319500 8645870 5647268 2998602 1080524 235311 845213 155038 110028 45010 4208325 ESCROW DEPOSITS 319458 REPLACEMENT RESERVES 339887 RESIDUAL RECEIPTS 432595 TENANT DEPOSITS HELD IN TRUST 38835 1130775 DUE TO RELATED PARTY 262146 262146 2235544 5077 5077 2230467 6045 6045 2236512 2219504 0 2219504 2617 2617 2222121 PART IV, LINE 2B: THE ESCROW ACCOUNT HOLDS TENANTS' SECURITY DEPOSITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES INCLUDED IN REVENUE -2,617. INTERCOMPANY ADJUSTMENT TO DUE TO MANAGEMENT FUND 7,694. PART XI, LINE 4B - OTHER ADJUSTMENTS: NON-CASH CONTRIBUTIONS FROM AFFILIATE NOT RECORDED ON BOOKS 6,045. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES INCLUDED IN REVENUE 2,617. 0 0 0 0 0 0 0 0 0 CHRISTINA ZEITZ CEO 0 160000 0 12731 0 0 0 11200 0 13275 0 197206 0 0 PART I, LINE 3 THE CEO IS COMPENSATED BY A RELATED ORGANIZATION, FELLOWSHIP SQUARE FOUNDATION. WHEN EXAMINING COMPENSATION FOR A NEW CEO, THE BOARD REVIEWS COMPENSATION SURVEYS TO ENSURE OFFICER COMPENSATION IS WITHIN FAIR MARKET VALUE FOR THE INDUSTRY. THE BOARD ALSO USES THE SERVICES OF A HUMAN RESOURCES CONSULTANT WHO PREPARES MARKET STUDIES AS AN ADDED TOOL IN THE DETERMINATION PROCESS. THEREAFTER, THE BOARD REVIEWS THE CEO'S PERFORMANCE AND DETERMINES HIS OR HER COMPENSATION ON AN ANNUAL BASIS. FORM 990, PART V, LINE 2A: THE FILING ORGANIZATION DOES NOT PREPARE ITS OWN PAYROLL REPORTS. THE MANAGEMENT COMPANY, S.L. NUSBAUM FILES ALL PAYROLL INFORMATION, SUCH AS W-2S, AND ALLOCATE SALARIES TO THE RESPECTIVE ORGANIZATIONS' OPERATIONS AS APPROPRIATE AS THE STAFF MEMBERS ARE S.L. NUSBAUM EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION'S ACTIVITIES ARE MANAGED BY A REAL ESTATE MANAGEMENT FIRM, S.L. NUSBUAM. THE COMPANY PROVIDES ACCOUNTING, HUMAN RESOURCE, AND MANAGEMENT OVERSIGHT FOR THE ORGANIZATION. L. LANHAM IS AN EMPLOYEE OF S. L. NUSBAUM AND THE MANAGER FOR THE PROPERTY. HER COMPENSATION, WHICH REFLECTS HER MANAGEMENT FOR THIS AND OTHER PROPERTIES, WAS $75,824. FORM 990, PART VI, SECTION A, LINE 6 FELLOWSHIP SQUARE FOUNDATION, INC. (EIN 52-6067043) IS THE SOLE MEMBER OF LARGO LANDING ELDERLY DEVELOPMENTS INC. ACCORDING TO LARGO LANDING'S BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A THE FELLOWSHIP SQUARE FOUNDATION, INC. HAS THE ABILITY TO APPOINT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE FELLOWSHIP SQUARE FOUNDATION, INC. APPROVES MANY DECISIONS MADE BY THE LARGO BOARD OF DIRECTORS, AS OUTLINED IN THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B FELLOWSHIP SQUARE EXECUTIVE STAFF PERFORM AN INITIAL REVIEW. ONCE APPROVED, THE FINANCE COMMITTEE REVIEWS THE DRAFT AND SUBSEQUENTLY THE WHOLE BOARD REVIEWS AND APPROVES THE 990 PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES EACH DIRECTOR AND/OR OFFICER TO ANNUALLY DISCLOSE TO THE BOARD OF DIRECTORS ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPRESSLY MENTIONED IN THE POLICY. THE BOARD OF DIRECTORS (EXCLUDING ANY MEMBER WHO IS PARTY TO THE CONFLICT) IS RESPONSIBLE FOR REVIEWING THE POTENTIAL CONFLICT AND MAKING THE DETERMINATION IF AN ACTUAL CONFLICT OF INTEREST EXISTS. UPON KNOWLEDGE THAT A CONFLICT WAS NOT PROPERLY DISCLOSED TO THE BOARD OF DIRECTORS, APPROPRIATE CORRECTIVE AND DISCIPLINARY ACTIONS SHALL BE TAKEN. INDIVIDUALS PARTY TO ANY CONFLICTS OF INTEREST SHALL BE PRECLUDED FROM VOTING ON ANY MATTERS ASSOCIATED WITH THE ARRANGEMENT OR TRANSACTION INVOLVING SUCH CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A: CHRISTINA ZEITZ IS THE CEO OF FELLOWSHIP SQUARE FOUNDATION, THE PARENT ORGANIZATION OF THE FILING ORGANIZATION. THE CEO HAS OVERALL RESPONSIBILITY FOR THE ORGANIZATION, HOWEVER, HER TIME SPENT ON EACH OF THE AFFILIATED ORGANIZATIONS IS VARIABLE. RATHER THAN MAKE ASSUMPTIONS ABOUT TIME SPENT ON EACH ORGANIZATION, ALL TIME IS REFLECTED AT THE FELLOWSHIP SQUARE FOUNDATION ORGANIZATION. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 169,647. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 169,647. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 834. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 834. SECURITY GUARD SERVICES: PROGRAM SERVICE EXPENSES 81,020. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 81,020. FORM 990, PART IX, LINES 7-10 THE PAYROLL EXPENSES ARE FOR THE MANAGEMENT COMPANY, S.L. NUSBAUM EMPLOYEES, RESPONSIBLE FOR MANAGING THE PROPERTY. FORM 990, PART XI, LINE 9: NON-CASH CONTRIBUTIONS FROM AFFILIATE NOT RECORDED ON BOOKS -6,045. INTERCOMPANY ADJUSTMENT TO DUE TO MANAGEMENT FUND 7,694. HUNTERS WOODS ELDERLY DEVELOPMENTS OF VIRGINIA INC 2231 COLTS NECK ROAD RESTON VA 20191 475323918 RENTAL REAL ESTATE, LOW INCOME HOUSING VA 501(C)(3) LINE 10 FELLOWSHIP SQUARE FOUNDATION 0 FELLOWSHIP SQUARE FOUNDATION 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 526067043 RENTAL REAL ESTATE, LOW INCOME HOUSING DC 501(C)(3) LINE 10 N/A 0 LAKE RIDGE ELDERLY DEVELOPMENT INC 12800 HARBOR DRIVE WOODBRIDGE VA 22192 208705744 RENTAL REAL ESTATE, LOW INCOME HOUSING VA 501(C)(3) LINE 10 FELLOWSHIP SQUARE FOUNDATION 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0