2024-05-10T15:04:52-05:00 2023-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2022-07-01 815151097 THREE ARTS CLUB HOUSING DEVELOPMENT FUND COMPANY INC THRE 2127216032 2345 BROADWAY NEW YORK NY 10024 PAUL R FREITAG CEO 2127216032 2024-05-10 1 PAUL FREITAG 999009999 0 MAGDALENA CZERNIAWSKI P00535099 2125038800 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z PAUL R FREITAG 2345 BROADWAY NEW YORK NY 10024 11317 0 X WWW.WSFSSH.ORG X 2017 NY A NOT-FOR-PROFIT HOUSING DEVELOPMENT CORPORATION (CONTINUED ON SCHEDULE O) 3 1 0 1 0 0 0 0 77330 11316 24 1 1091 0 78445 11317 0 0 0 0 64082 38635 0 0 0 2231533 2151133 2295615 2189768 -2217170 -2178451 40633400 40306113 50510484 52361648 -9877084 -12055535 A NOT-FOR-PROFIT HOUSING DEVELOPMENT CORPORATION COMMITTED TO DEVELOPING, OPERATING AND MANAGING HOUSING FOR PERSONS OF LOW INCOME. 0 0 2188768 11316 DEVELOPING, OPERATING AND MANAGING HOUSING FOR PERSONS OF LOW INCOME. 2188768 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X PAUL R FREITAG VICE PRESIDENT 2127216032 2345 BROADWAY NEW YORK NY 10024 CLAIRE HILGER COO/ASSIST SECRETARY 1.00 35.00 X X 0 191416 6004 PAUL R FREITAG VICE PRESIDENT 1.00 35.00 X X 0 238555 53058 SHELDON J FINE PRESIDENT 1.00 6.00 X X 0 0 0 DANIEL J DROSIN DIR OF PROPERTY MNGMENT 1.00 35.00 X 0 121312 33774 NANDA WIN CFO/TREASURER (OUTGOING) 1.00 35.00 X 0 190131 50100 0 741414 142936 0 0 1 0 0 RENTAL INCOME 532000 11316 11316 11316 1 1 11317 11316 0 1 30100 30100 589 589 4939 4939 3007 3007 4449 4449 1000 1000 10535 10535 773 773 1196298 1196298 903608 903608 25578 25578 BAD DEBTS 8892 8892 2189768 2188768 1000 0 46779 23387 21632 35273 11517 2533 44584920 5423037 39467183 39161883 1086289 1083037 40633400 40306113 6459965 7420078 43501769 43501769 548750 1439801 50510484 52361648 X -9877084 -12055535 -9877084 -12055535 40633400 40306113 -2178451 0 X X 0 1 X 1 0 X 20000 20000 564248 98747 86980 77330 11316 838621 584248 98747 86980 77330 11316 858621 0 0 0 858621 59 1115 1 1175 59 1115 1 1175 584307 98747 86980 78445 11317 859796 0.99860 0.99930 0.00140 0.00070 X 8400000 8400000 35923495 5361179 30562316 229472 61858 167614 31953 31953 39161883 DUE TO AFFILIATES 638615 TENANT SECURITY DEPOSITS HELD 1187 NOTES AND LOAN PAYABLE TO AFFILIATES 799999 1439801 X 63164138 63152821 63152821 11317 0 11317 74528864 72339096 72339096 2189768 0 2189768 PART X, LINE 2: THE ORGANIZATION IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE ORGANIZATION'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON ITS CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' REVENUE 70,719,485. CONSOLIDATING ELIMINATIONS -7,566,664. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' EXPENSES 77,865,642. CONSOLIDATING ELIMINATIONS -5,526,546. 0 0 0 0 0 0 0 0 0 PAUL R FREITAG VICE PRESIDENT 0 238555 0 0 0 0 0 7665 0 45393 0 291613 0 0 NANDA WIN CFO/TREASURER (OUTGOING) 0 190131 0 0 0 0 0 6174 0 43926 0 240231 0 0 CLAIRE HILGER COO/ASSIST SECRETARY 0 191416 0 0 0 0 0 5750 0 254 0 197420 0 0 DANIEL J DROSIN DIR OF PROPERTY MNGMENT 0 121312 0 0 0 0 0 4012 0 29762 0 155086 0 0 SCHEDULE J, PART II: COMPENSATION FROM RELATED ORGANIZATION: NEITHER THE VICE PRESIDENT NOR THE TREASURER IS COMPENSATED BY THE FILING ORGANIZATION. HOWEVER, BOTH ARE COMPENSATED BY A RELATED ORGANIZATION, WEST SIDE FEDERATION FOR SENIOR AND SUPPORTIVE HOUSING INC., WHICH IS A SINGLE MEMBER OF THE FILING ORGANIZATION. ALSO SEE FORM 990 PART VII SECTION A. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: COMMITTED TO DEVELOPING, OPERATING AND MANAGING HOUSING FOR PERSONS OF LOW INCOME. THREE ARTS CLUB HOUSING DEVELOPMENT FUND COMPANY INC.,("THREE ARTS CLUB") IS A NOT-FOR-PROFIT HOUSING DEVELOPMENT CORPORATION, WHOSE SINGLE MEMBER IS WEST SIDE FEDERATION FOR SENIOR AND SUPPORTIVE HOUSING, INC. ("WSFSSH"). ON MAY 9, 2017, THREE ARTS CLUB PURCHASED THE PROPERTY LOCATED AT 340 WEST 85TH STREET FROM AN UNRELATED THIRD PARTY FOR APPROXIMATELY $42 MILLION. THREE ARTS CLUB PLANS TO INITIALLY UTILIZE THE LOCATION FOR TEMPORARY USE (TWO TO THREE YEARS) BY WSFSSH'S VALLEY LODGE TRANSITIONAL SHELTER WHILE VALLEY LODGE'S EXISTING FACILITY IS DEMOLISHED AND REBUILT ANEW ON WEST 108TH STREET, AS PART OF A LARGER MIXED-USED DEVELOPMENT. THE RELOCATION PERIOD COMMENCED IN APRIL 2018 AND IS EXPECTED TO END FEBRUARY 2022. THREE ARTS CLUB PLANS TO REHABILITATE THE LOCATION FOR USE AS PERMANENT SENIOR SUPPORTIVE HOUSING WITH ONSITE SOCIAL SERVICES AFTER THE RELOCATION PERIOD HAS ENDED. WSFSSH PROVIDES BUILDING MANAGEMENT AND SOCIAL SERVICES TO THREE ARTS CLUB. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED BY MANAGEMENT. FORM 990 IS THEN DISTRIBUTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST STATEMENTS ARE DISTRIBUTED TO OFFICERS & BOARD MEMBERS FOR COMPLETION ANNUALLY. ALL STATEMENTS ARE REVIEWED BY THE BOARD AND MAINTAINED BY THE VICE-PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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HOUSING NY N/A C 0 TRES PUENTES HOUSING COMPANY INC 2345 BROADWAY NEW YORK NY 10024 475421458 LOW INCOME HOUSING NY N/A C 0 INDEPENDENCE HOUSE CORPORATION I 2345 BROADWAY NEW YORK NY 10024 821255170 LOW INCOME HOUSING NY N/A C 0 MILL BROOK HOUSING COMPANY INC 2345 BROADWAY NEW YORK NY 10024 820793408 LOW INCOME HOUSING NY N/A C 0 WEST 108TH STREET HOUSING COMPANY INC 2345 BROADWAY NEW YORK NY 10024 825071645 LOW INCOME HOUSING NY N/A C 0 PSSWSF HDFC 2345 BROADWAY NEW YORK NY 10024 200094917 LOW INCOME HOUSING NY N/A C 0 FISCHER SENIOR APARTMENTS HDFC 2345 BROADWAY NEW YORK NY 10024 862005073 LOW INCOME HOUSING NY N/A C 0 FISCHER SENIOR APARTMENTS GP INC 2345 BROADWAY NEW YORK NY 10024 851990350 LOW INCOME HOUSING NY N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 SCHEDULE R PART II, III AND IV THE FILING ORGANIZATION HAS A BROTHER-SISTER RELATIONSHIP WITH ALL THE ENTITIES LISTED IN THIS SCHEDULE R WITH THE EXCEPTION OF WEST SIDE FEDERATION FOR SENIOR AND SUPPORTIVE HOUSING, INC (WSFSSH), WHICH IS ITS PARENT. SCHEDULE R, PART V SEVERAL MANAGEMENT FUNCTIONS ARE PROVIDED BY A RELATED 501 C(3) NOT-FOR-PROFIT ORGANIZATION, WEST SIDE FEDERATION FOR SENIOR & SUPPORTIVE HOUSING INC., (WSFSSH). THESE FUNCTIONS INCLUDE PAYROLL, PROPERTY AND LIABILITY INSURANCE. THE FILING ORGANIZATION REIMBURSES WSFSSH FOR THESE EXPENSES. THESE REIMBURSED EXPENSES ARE REPORTED UNDERCATEGORY "P" ON SCHEDULE R - PART V. TO THE EXTENT THAT WSFSSH IS NOT REIMBURSED FULLY FOR PAYROLL, FRINGE, INSURANCE AND OTHER EXPENSES THAT WSFSSH PAYS ON BEHALF OF THE FILING ORGANIZATION, THE ADVANCE PAYMENTS MADE BY WSFSSH ARE CONSIDERED LOANED TO THE FILING ORGANIZATION. THESE ADVANCE PAYMENTS ARE REPORTED UNDER CATEGORY "E" ON SCHEDULE R - PART V. SCHEDULE R, PART V: THE PAYROLL FUNCTION IS PROVIDED BY A RELATED NOT-FOR-PROFIT ORGANIZATION, WEST SIDE FEDERATION FOR SENIOR AND SUPPORTIVE HOUSING INC. (WSFSSH) . WSFSSH ALLOCATES A PORTION OF THE SALARIES AND WAGES OF ITS EMPLOYEES TO THE FILING ORGANIATION IF THE EMPLOYEES ARE ASSIGNED TO WORK ON THE FILING ORGANIZAITON'S PROGRAMS. THESE ALLOCATED SALARIES AND WAGES ARE REPORTED UNDER CATEGORY "O" ON SCHEDULE R - PART V.