2024-05-16T15:29:17-05:00 2023-12-31 113066459 CERINI & ASSOCIATES LLP 3340 VETERANS MEMORIAL HWY BOHEMIA NY 11716 990 2023-01-01 136265613 INTERFAITH COUNCIL FOR ACTION INC INTE 9149415252 138 SPRING STREET PO BOX 790 OSSINING NY 10562 JACKIE SHAW EXECUTIVE DIRECTOR 9149415252 2024-05-16 1 JACKIE SHAW 999009999 0 MATTHEW BURKE P01549343 6315821600 2024-05-16 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z IFCA HOUSING NETWORK JACKIE SHAW 138 SPRING STREET PO BOX 790 OSSINING NY 10562 2631063 0 X HTTPS://WWW.IFCANY.ORG X 1968 NY THE ORGANIZATION'S MISSION IS TO FOSTER, PROMOTE, AND SPONSOR BETTER HOUSING, RECREATIONAL, EDUCATIONAL OR SOCIAL CONDITIONS FOR LOW TO MODERATE INCOME EARNERS. 9 9 14 18 0 0 655593 377124 1682145 1954002 3301 23327 307813 276610 2648852 2631063 0 0 0 0 763108 860972 0 0 31079 1701679 1837121 2464787 2698093 184065 -67030 9387919 9384749 4030940 4109584 5356979 5275165 X TO FOSTER, PROMOTE, AND SPONSOR BETTER HOUSING, RECREATIONAL, EDUCATIONAL OR SOCIAL CONDITIONS FOR LOW TO MODERATE INCOME EARNERS. 0 0 1359508 1060653 IFCA OWNS AND MANAGES 15 MULTI-FAMILY BUILDINGS IN OSSINING AND TARRYTOWN, NY, COMPRISING OF 92 RENTAL APARTMENTS. APPROXIMATELY 220 LOW AND MODERATE INCOME PEOPLE RESIDE IN THESE APARTMENTS. THE RENTS ARE SET BELOW MARKET RATES, ENSURING THAT INDIVIDUALS AND FAMILIES HAVE ACCESS TO SAFE, QUALITY, AND AFFORDABLE HOUSING IN THE COMMUNITY WHERE THEY LIVE AND WORK. 593348 679617 SINCE THE 1980'S IFCA HAS PARTNERED WITH THE WESTCHESTER COUNTY DEPARTMENT OF SOCIAL SERVICES TO PROVIDE SCATTER-SITE EMERGENCY APARTMENTS FOR FAMILIES TRANSITIONING FROM A HOMELESS SHELTER TO TEMPORARY HOUSING. OUR LICENSED ON-STAFF SOCIAL WORKERS PROVIDE CASE MANAGEMENT SERVICES TO ASSIST FAMILIES ON THEIR PATH TO SELF SUFFICIENCY. 144825 131320 THANKS TO FUNDING FROM THE NEW YORK STATE HOME LOCAL PROGRAM, IFCA IS ABLE TO ADMINISTER THE TBRA PROGRAM. TBRA PROVIDES A MONTHLY RENTAL SUBSIDY AND/OR A SECURITY DEPOSIT ASSISTANCE GRANT TO INDIVIDUALS AND FAMILIES THAT MEET THE ELIGIBILITY REQUIREMENTS. THESE HOME FUNDS ARE INTENDED TO PROVIDE DIRECT ASSISTANCE TO HOUSEHOLDS PAYING MORE THAN 30% OF THEIR MONTHLY INCOME FOR RENT OR SECURITY DEPOSIT ASSISTANCE. TBRA IS A RENTAL SUBSIDY THAT HELPS FILL THE GAP BETWEEN WHAT A RENTER CAN AFFORD AND THE ACTUAL RENT FOR A PLACE TO CALL HOME. 277557 283644 IFCA IS ONE OF THE OLDEST NEW YORK STATE NEIGHBORHOOD PRESERVATION COMPANIES IN WESTCHESTER COUNTY, PROVIDING A VARIETY OF PROGRAMS AND SERVICES TO TENANTS AND THE COMMUNITY AT LARGE. WE OFFER HOUSING COUNSELING AND REFERRAL SERVICES, FINANCIAL WORKSHOPS, AND BACK TO SCHOOL SUPPLIES. IN 2008 WE OPENED A THRIFT SHOP SELLING CLOTHING AND HOUSEHOLD ITEMS AT VERY LOW COSTS. OUR PROGRAMS REACH AT RISK COMMUNITIES AND FAMILIES. THIS CAN ONLY BE ACCOMPLISHED BY RECEIVING VARIOUS GRANTS THAT FUND THESE ACTIVITIES.OTHER PROGRAM SERVICE EXPENSES ARE COMPRISED OF COSTS INCURRED IN RELATION TO PROPERTY MANAGEMENT. OTHER PROGRAM SERVICE REVENUE IS COMPRISED OF THRIFT SHOP INCOME. IFCA'S THRIFT SHOP SELLS NEW AND GENTLY USED ITEMS, INCLUDING CLOTHING, SHOES, BEDDING, DISHES, POTS AND PANS, COSTUME JEWELRY, AND HANDBAGS, AT VERY AFFORDABLE PRICES. PROCEEDS FROM THE THRIFT SHOP FUND IFCA'S COMMUNITY PROGRAMS. 277557 283644 2375238 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 25 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X LEWIS RUCKER DIRECTOR OF FINANCE 9149415252 138 SPRING STREET OSSINING NY 10562 ERIC TALBOTT TREASURER 1.00 X X 0 0 0 JAMES FINGER DIRECTOR 1.00 X 0 0 0 MARLENE CHEATHAM CHAIR 5.00 X X 0 0 0 MARY ANN ROBERTS VICE-CHAIR 2.00 X X 0 0 0 MARYANN SORESE DIRECTOR 1.00 X 0 0 0 MICHAEL ARONSON DIRECTOR 1.00 X 0 0 0 SHAUN JONES DIRECTOR 1.00 X 0 0 0 SHELTON WALDEN DIRECTOR 1.00 X 0 0 0 THOMASINA LAIDLEY-BROWN DIRECTOR 1.00 X 0 0 0 JACKIE SHAW EXECUTIVE DIRECTOR 45.00 X 126629 0 600 126629 0 600 1 0 0 0 0 189862 187262 377124 RENTAL INCOME 531110 1060653 1060653 INCOME FROM EMERGENCY 531310 679617 679617 INCOME FROM TENANT BAS 531310 131210 131210 THRIFT SHOP INCOME 531390 77372 77372 MAINTENANCE AND TENANT 531310 5150 5150 1954002 23327 23327 MANAGEMENT FEES 531310 201122 201122 GAIN ON INVESTMENT IN 523000 60415 60415 OTHER INCOME 531390 15073 15073 276610 2631063 2230612 0 23327 126629 59967 53999 12663 559608 468973 88911 1724 7858 5202 2412 244 101719 67332 31222 3165 65158 43131 20000 2027 19144 10394 7945 805 45792 24862 19004 1926 1976 1073 820 83 57365 31145 23807 2413 41772 27545 12918 1309 16741 9089 6948 704 395714 395714 111828 111828 431571 423244 7561 766 60799 57307 3171 321 MAINTENANCE 150363 147689 2428 246 MANAGEMENT FEES 105935 105935 BAD DEBT 87920 87920 OIL AND GAS 84403 84403 225798 212485 10630 2683 2698093 2375238 291776 31079 1188410 1198101 499430 579940 67657 82401 305427 402073 8633 7985 11921330 5606311 6613588 6315019 -84924 -24508 789698 823738 9387919 9384749 235603 340848 3260865 3208815 534472 559921 4030940 4109584 X 5334479 5275165 22500 0 5356979 5275165 9387919 9384749 -67030 -14784 0 X X 0 1 X 1 0 X 2253177 2102154 1807304 1242725 1056741 8462101 2253177 2102154 1807304 1242725 1056741 8462101 8462101 4526 1532 3006 3301 23327 35692 7395 5483 17760 59326 15073 105037 8602830 0.98360 0.99130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 330439 330439 4944864 2951163 1993701 6327037 2388435 3938602 318990 266713 52277 6315019 INTEREST RATE SWAP 44042 TENANT SECURITY DEPOSITS 89712 DUE FROM RELATED PARTIES 689984 823738 SALES TAX PAYABLE 834 RENT RECEIVED IN ADVANCE 8998 TENANT SECURITY DEPOSIT LIABILITY 89712 ACCRUED INTEREST PAYABLE 20313 ADVANCES FROM RELATED PARTIES 440064 559921 X 2616279 -14784 -14784 2631063 0 2631063 2698093 0 2698093 0 2698093 PART X, LINE 2: THE ORGANIZATION EVALUATED ITS ACTIVITIES FOR UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS FOR 2023 AND 2022. FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT AUDITORS PREPARE THE ORGANIZATION'S 990. ONCE THE FORM 990 IS PREPARED, THE DIRECTOR OF FINANCE, EXECUTIVE DIRECTOR AND AUDIT COMMITTEE REVIEW IT. MEMBERS OF THE BOARD OF DIRECTORS ARE PRESENTED WITH AN ELECTRONIC COPY FOR REVIEW AND COMMENTS BEFORE IT IS FILED. THE 990 IS THEN SIGNED BY THE EXECUTIVE DIRECTOR AND SUBMITTED TO PREPARER FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO BOARD OFFICERS, BOARD DIRECTORS AND EXECUTIVE STAFF. IT IS MONITORED BY E.D. AND BOARD CHAIR. INDIVIDUALS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE - COMPLETED IN JULY OF EACH YEAR. IF AN INDIVIDUAL DISCLOSES A CONFLICT OF INTEREST THEN IT IS DISCUSSED AT A MEETING OF ALL BOARD MEMBERS. IF A MAJORITY VOTE OF THE NON-INTEREST BOARD MEMBERS DECIDES THAT A CONFLICT EXISTS, THE NON-INTERESTED DIRECTORS SHALL DETERMINE WHETHER THE TRANSACTION CAN BE COMPLETED WITHOUT GIVING RISE TO A CONFLICT OF INTEREST. IF AN ALTERNATE TRANSACTION CANNOT BE POSSIBLE, THEN THE BOARD SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY AN AD-HOC COMPENSATION SUB-COMMITTEE OF THE BOARD. THE RESULTS OF THE COMMITTEE'S FINDINGS, AND THE SUBSEQUENT BOARD APPROVAL OF THE COMPENSATION IS DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 ANNUAL REPORTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THIS IS NOTED ON THE AGENCY'S WEBSITE. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WILDEY STREET HOUSING DEVELOPMENT FUND COMPANY INC PO BOX 790 OSSINING NY 10562 133995527 LOW INCOME HOUSING NY 501(C)(3) LINE 7 INTERFAITH COUNCIL FOR ACTION 0 OSSINING HOUSING PARTNERS #1 LP PO BOX 790 OSSINING NY 10562 133436768 LOW INCOME HOUSING NY INTERFAITH COUNCIL FOR ACTION RELATED 14484 -20340 0 1 0.72500 OSSINING HOUSING PARTNERS #2 LP PO BOX 790 OSSINING NY 10562 133612586 LOW INCOME HOUSING NY INTERFAITH COUNCIL FOR ACTION RELATED 21421 373297 0 1 0.78000 WILDEY STREET LIMITED PARTNERS LP PO BOX 790 OSSINING NY 10562 134000837 LOW INCOME HOUSING NY INTERFAITH COUNCIL FOR ACTION RELATED 8078 -399039 0 1 1.00000 WILDEY STREET HOUSING DEVELOPMENT FUND COMPANY INC PO BOX 790 OSSINING NY 10562 133995527 LOW INCOME HOUSING NY INTERFAITH COUNCIL FOR ACTION C 88078 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1