2024-11-13T13:52:32-06:00 2023-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2023-01-01 134131087 VISTA ON 5TH CORP VIST 2125346464 1261 FIFTH AVE NEW YORK NY 10029 NICOLE ATANASIO PRESIDENT/CEO 2125346464 2024-11-12 1 1 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2024-11-09 2023 2024-10-15 13:58:12Z VISTA ON 5TH NICOLE ATANASIO 1261 FIFTH AVE NEW YORK NY 10029 8337292 0 X N/A X 2000 NY TO PROVIDE A RESIDENCE FOR FRAIL AND ELDERLY PERSONS REGARDLESS OF THEIR ECONOMIC CIRCUMSTANCES. 12 11 105 11 0 0 40122 146018 7435225 8131569 -388552 51785 10227 7920 7097022 8337292 0 0 0 0 4346621 4508678 0 0 0 5531643 7077921 9878264 11586599 -2781242 -3249307 9453803 8792824 1106409 3177662 8347394 5615162 TO DEVELOP AND OPERATE AN ASSISTED LIVING RESIDENCE FOR FRAIL AND ELDERLY PERSONS, AND TO PROVIDE SUPPORTIVE SERVICES FOR THOSE RESIDENTS REGARDLESS OF THEIR ECONOMIC CIRCUMSTANCES. 0 0 9605754 8131569 THE CORPORATION RENTS APARTMENTS TO SENIOR CITIZENS AS PART OF AN ASSISTED LIVING PROGRAM. SUBSTANTIALLY ALL OF THE INCOME FOR THE TENANTS COMES FROM SOCIAL SECURITY, SSI AND MEDICAID, AS WELL AS SELF-PAY RESIDENTS. 9605754 1 1 0 0 0 0 0 0 1 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 14 0 1 105 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NY X LORENZO CESARE 2125346464 1261 FIFTH AVE NEW YORK NY 10029 ANTHONY LECHICH MD DIRECTOR 1.00 1.00 X 0 0 0 GREG ERBER DIRECTOR 1.00 1.00 X 0 0 0 JAMES D CAMERON FINANCE COMMITTEE CHAIR 1.00 1.00 X X 0 0 0 JOHN DIGILIO DIRECTOR 1.00 1.00 X 0 0 0 LEONARD WALSH BOARD CHAIR 1.00 1.00 X X 0 0 0 MICHAEL WEBB DIRECTOR 1.00 1.00 X 0 0 0 NICOLE F ATANASIO PRESIDENT/CEO 45.00 5.00 X X 215783 0 15073 PATRICIA FRANCIS RN DIRECTOR 1.00 1.00 X 0 0 0 RANDY CLEGHORNE DIRECTOR 1.00 1.00 X 0 0 0 RHONDA FLEMMING DIRECTOR 1.00 1.00 X 0 0 0 TINO RUTA DIRECTOR 1.00 1.00 X 0 0 0 YVES J ADES DIRECTOR 1.00 1.00 X 0 0 0 SALVATORE NICOSIA VICE PRESIDENT OF FINANCE/ 45.00 5.00 X 172467 0 20573 AMANDA GARCIA VICE PRESIDENT OF OPERATIONS 40.00 X 114419 0 9610 JOSEPH ALEXANDER VASQUEZ VP OF INFORAMTION SYSTEM 40.00 X 149419 0 0 JUAN SANCHEZ DIRECTOR OF HUMAN RESOURCE 40.00 X 141843 0 9997 793931 0 55253 5 0 1 0 0 146018 146018 RESIDENT SERVICES 531110 8131569 8131569 8131569 51785 51785 7920 0 7920 7920 7920 8337292 8131569 0 59705 X 408896 408896 3453651 3453651 259464 259464 386667 386667 24167 24167 51450 51450 2587310 1253652 1333658 455588 455588 2047643 2047643 1564 1564 8613 8613 778698 778698 339346 308607 30739 REPAIRS & MAINTENANCE 612117 612117 EQUIPMENT LEASE 83679 83679 MEDICAL SUPPLIES 54458 54458 RESIDENT SERVICES 33288 33288 11586599 9605754 1980845 0 1729478 184528 594094 630937 189130 230382 11732367 4180850 5717361 7551517 992340 0 231400 195460 9453803 8792824 439004 848607 70598 90029 126061 104566 470746 2134460 1106409 3177662 X 8256476 5523458 90918 91704 8347394 5615162 9453803 8792824 X -3249307 517075 X 0 1 X 1 0 X 44297 903305 1408135 40122 146018 2541877 7686786 6804056 6957612 7435225 8131569 37015248 7731083 7707361 8365747 7475347 8277587 39557125 0 0 0 39557125 216657 216663 281330 59210 59705 833565 216657 216663 281330 59210 59705 833565 7947740 7924024 8647077 7534557 8337292 40390690 0.97940 0.97420 0.02060 0.02580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 5030054 418033 4612021 5624761 3505900 2118861 1077552 256917 820635 7551517 RESIDENTS FUNDS PAYABLE 5198 DUE TO AFFILIATES 957971 OTHER LIABILITIES 1171291 2134460 X 8397229 59937 59937 8337292 0 8337292 10763159 890210 890210 9872949 1713650 1713650 11586599 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS SECURITY DEPOSITS AS REQUIRED BY STATE LAW. PART X, LINE 2: EACH ENTITY OF THE ORGANIZATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. DUE TO THEIR TAX-EXEMPT STATUS, THE CORPORATIONS ARE NOT SUBJECT TO INCOME TAXES. THE CORPORATIONS ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE COMBINED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATIONS HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 59,937. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 1,407,289. INVOLUNTARY CONVERSION LOSS -517,079. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY RENTAL EXPENSE 1,713,650. X X X 0 0 0 0 0 0 0 0 0 NICOLE F ATANASIO PRESIDENT/CEO 200783 0 0 0 15000 0 15000 0 73 0 230856 0 0 0 SALVATORE NICOSIA VICE PRESIDENT OF FINANCE/ 172467 0 0 0 0 0 0 0 20573 0 193040 0 0 0 JUAN SANCHEZ DIRECTOR OF HUMAN RESOURCE 141843 0 0 0 0 0 0 0 9997 0 151840 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE APPROPRIATE LEVEL OF MANAGEMENT, THEN IS SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW AND COMMENT; SUBSEQUENTLY THE FORM IS DISTRIBUTED TO THE ENTIRE BOARD FOR FURTHER REVIEW AND COMMENT BEFORE RETURN TO THE CPA FIRM FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS AND KEY EMPLOYEES ARE ASKED TO SIGN A STATEMENT AS PART OF EVERY ANNUAL MEETING OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THERE IS A DEFINED PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT OFFICIALS, OFFICERS, AND OTHER KEY EMPLOYEES OF THE ORGANIZATION. COMPENSATION IS DECIDED UPON BY AN INDEPENDENT GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS. FACTORS CONSIDERED IN DETERMINING COMPENSATION INCLUDE PERFORMANCE REVIEWS, BENCHMARKING AND PERSONAL EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,253,652. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,253,652. PROF CONSULTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,333,658. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,333,658. FORM 990, PART XI, LINE 9: GAIN ON INVOLUNTARY CONVERSION 517,075. DE SALES ASSISTED LIVING DEVELOPMENT CORP 1261 FIFTH AVENUE NEW YORK NY 10029 133990145 ASSISTED LIVING NY 501(C)(3) LINE 10 N/A 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0