2024-11-21T16:18:01-06:00 2024-07-31 582646754 CARTER & COMPANY CPAS LLC PO BOX 279 DESTIN FL 32540 990 2023-08-01 132951474 THE ASSOCIATED BLIND HOUSING DEVELOPMENT FUND CORPORATION ASSO 8453682400 4 EXECUTIVE BLVD 100 SUFFERN NY 10901 DONALD SMITH PRESIDENT 8453682400 2024-11-21 1 1 SAMUEL T BOERMA P00614373 8506500125 2023 2024-10-15 13:58:12Z DONALD SMITH 135 WEST 23RD STREET NEW YORK NY 10011 11892238 0 X N/A X 1978 NY TO PROVIDE AFFORDABLE HOUSING TO BLIND AND LOW INCOME INDIVIDUALS OF SUFFERN, NY. 9 9 10 0 0 0 0 0 10870050 11882955 5700 9283 0 0 10875750 11892238 1000000 1250000 0 0 1187503 1246184 0 0 0 6932090 7198844 9119593 9695028 1756157 2197210 61219671 61803580 71307893 69694592 -10088222 -7891012 TO PROVIDE AFFORDABLE HOUSING TO BLIND AND LOW INCOME INDIVIDUALS OF SUFFERN, NY INCLUDING FEDERALLY SUBSIDIZED RENTAL ASSISTANCE UNDER A SECTION 8 HOUSING ASSISTANCE PAYMENTS CONTRACT. 0 0 8953457 1250000 11882955 OWN AND OPERATE A 205 UNIT APARTMENT COMPLEX FOR ELDERLY AND BLIND PERSONS OF LOW INCOME. 8953457 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X ARCO MANAGEMENT CORP 8453682400 4 EXECUTIVE BLVD SUITE 100 SUFFERN NY 10901 X DONALD SMITH PRESIDENT/TREASURER 3.00 X X 0 0 0 JOSEPH MALEWICH VICE PRESIDENT 3.00 X X 0 0 0 DENISE LEONARD DIRECTOR 1.00 X 0 0 0 BARBARA WOODS DIRECTOR 1.00 X 0 0 0 JOHN LICASTRO DIRECTOR 1.00 X 0 0 0 AUDREY HORTON DIRECTOR 1.00 X 0 0 0 KEN SIDLOWSKI DIRECTOR 1.00 X 0 0 0 TONY SAVARESE DIRECTOR 1.00 X 0 0 0 ALEXANDRA HOLLAND DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 ARCO MANAGEMENT CORP 4 EXECUTIVE BLVD SUITE 100 SUFFERN NY 10901 MANAGEMENT & CONSULTING 534839 DEFENDER SECURITY SERVICES 110-11 72ND AVENUE SUITE 1F FOREST HILLS NY 11375 SECURITY SERVICES 311530 2 RENTAL INCOME 531110 11865677 11865677 LAUNDRY AND VENDING 531110 17278 17278 11882955 9283 9283 11892238 11882955 0 9283 1250000 1250000 834484 834484 343643 343643 68057 68057 534839 534839 75888 75888 33350 33350 68075 68075 37712 37712 1347172 1347172 475 475 1716248 1716248 2026396 2026396 356666 356666 REPAIRS AND MAINTENANCE 487103 487103 SECURITY CONTRACT 311530 311530 BAD DEBTS 171753 171753 MISCELLANEOUS ADMINISTR 21439 21439 10198 2693 7505 9695028 8953457 741571 0 3445756 5335573 256797 144357 318880 310751 74007211 21750737 54017756 52256474 925442 875116 2255040 2881309 61219671 61803580 333788 221047 42921 49606 70866645 69356471 64539 67468 71307893 69694592 X -10088222 -7891012 -10088222 -7891012 61219671 61803580 2197210 0 X 0 1 X 0 1 1 X 7983722 8166500 8377603 10870050 11882955 47280830 7983722 8166500 8377603 10870050 11882955 47280830 0 0 0 47280830 6054 1425 1139 5700 9283 23601 6054 1425 1139 5700 9283 23601 7989776 8167925 8378742 10875750 11892238 47304431 0.99950 0.99950 0.00050 0.00050 X 976700 976700 70228368 19825725 50402643 2802143 1925012 877131 52256474 TENANT SECURITY DEPOSITS 67468 67468 X 11892238 0 11892238 0 11892238 9695028 0 9695028 0 9695028 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION. THE CORPORATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE CORPORATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. 0 ASSOCIATED BLIND FOUNDATION INC 1122 FRANKLIN AVE STE 406 GARDEN CITY NY 11530 463503271 501(C)(3) 1250000 0 GENERAL SUPPORT 1 FORM 990, PART VI, SECTION A, LINE 3 THE PROPERTY IS MANAGED BY ARCO MANAGEMENT CORP. FORM 990, PART VI, SECTION B, LINE 11B A TENTATIVE DRAFT OF THE FORM 990 IS PREPARED BY OUTSIDE ACCOUNTANTS AND SENT TO THE ORGANIZATION'S LEGAL COUNSEL. THE COUNSEL REVIEWS AND DISCUSSES THE RETURN WITH THE GOVERNING BODY ALONG WITH THE UNDERLYING FINANCIAL STATEMENTS. ANY SUGGESTED CHANGES OR COMMENTS AND QUESTIONS ARE THEN DISCUSSED WITH THE OUTSIDE ACCOUNTANTS. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER AND DIRECTOR IS REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AT A BOARD MEETING. IF AN ITEM OF CONFLICT COMES TO SURFACE, THE BOARD DISCUSSES AND VOTES ON IT BEFORE AWARDING ANY CONTRACTS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.