2024-04-26T13:08:38-05:00 2023-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-07-01 208705744 LAKE RIDGE ELDERLY DEVELOPMENT INC LAKE 7034944455 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 JOHN GRAY TREASURER 7034944455 2024-04-26 1 JOHN GRAY XXX-XX-XXXX 0 KERRI N BOGDA CPA P00760402 7177404863 2024-04-26 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATHLEEN HARDING 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 1860470 0 X WWW.FELLOWSHIPSQUARE.ORG X 1983 VA AFFORDABLE HOUSING AND SERVICES FOR LOW INCOME SENIORS AND THOSE WHO ARE PHYSICALLY DISABLED. 4 4 9 31 0 0 113579 89258 1674652 1726330 744 5786 48192 39096 1837167 1860470 0 0 0 0 599244 591452 0 0 0 1266561 1386515 1865805 1977967 -28638 -117497 4977031 5038422 4668934 4876522 308097 161900 X THE ORGANIZATION PROVIDES AFFORDABLE HOUSING AND SERVICES TO OLDER ADULTS. 0 0 1727264 0 1726330 FELLOWSHIP SQUARE PROVIDES AFFORDABLE HOUSING AND SERVICES TO SENIORS, 62 AND OLDER, AT FOUR APARTMENT BUILDINGS WITHIN THE WASHINGTON DC REGION. IN 1983, FELLOWSHIP SQUARE OPENED LAKE RIDGE FELLOWSHIP HOUSE (LRFH), AN INDEPENDENT LIVING COMMUNITY OF 100 APARTMENTS AND A VARIETY OF PROGRAMS AND SUPPORTIVE SERVICES. LRFH BOASTS A BEAUTIFUL COMMON SPACE FOR ACTIVITIES, GAMES, EXERCISE, SOCIAL EVENTS, AND WELLNESS PROGRAMS. THE PROPERTY IS ADJACENT TO A LOCAL SHOPPING PLAZA WHICH MAKES DAILY ERRANDS EASY AND CONVENIENT FOR RESIDENTS. THE PROPERTY OPERATES A 14-SEAT PASSENGER VAN FOR WEEKLY SHOPPING AND ERRANDS AND SEASONAL FIELD TRIPS FOR RESIDENTS. THE ORGANIZATION RELIES ON A VARIETY OF PROGRAMS AND COMMUNITY PARTNERS, SUCH AS HEALTHCARE SPECIALISTS, LEGAL EXPERTISE AND OTHER PRO BONO SERVICES FOR RESIDENT EDUCATION AND WELLNESS. AN ONSITE SERVICE COORDINATOR WORKS WITH RESIDENTS TO NAVIGATE MEDICARE, MEDICAID, AND OTHER BENEFITS TO WHICH THEY ARE ENTITLED, AND SERVES AS A LINCHPIN TO CONNECT RESIDENTS TO OTHER COMMUNITY RESOURCES. THE PROPERTY OPERATES UNDER SECTION 223 (F) OF THE NATIONAL HOUSING ACT AND PARTICIPATES IN THE SECTION 8 PROGRAM. 1727264 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 1 0 0 0 0 1 0 0 0 1 X 0 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 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 KATHLEEN HARDING PRESIDENT 1.00 1.00 X X 0 0 0 JOHN GRAY TREASURER 0.75 0.75 X X 0 0 0 PASTOR MARK EDWARDS SECRETARY 0.50 0.00 X X 0 0 0 WAVERY BROWN DIRECTOR 0.50 0.00 X 0 0 0 CHRISTINA ZEITZ CEO 1.00 37.50 X 0 172731 24475 0 172731 24475 0 0 1 0 FELLOWSHIP SQUARE FOUNDATION 440 MONTICELLO AVE 1700 RESTON VA 23510 MANAGEMENT FEES 160045 1 28700 60558 28700 89258 TENANT RENTS 531110 1726330 1726330 1726330 5786 5786 CABLE TV INCOME 900099 25732 25732 HOUSEKEEPING 900099 4605 4605 LAUNDRY AND VENDING 900099 4577 4577 4182 4182 39096 1860470 1726330 0 44882 X 484193 484193 3054 3054 64191 64191 40014 40014 72541 72541 14820 14820 213650 50308 163342 141936 141936 400511 400511 5339 5339 158375 158375 346307 346307 20563 20563 EMPLOYEE EXPENSES 12275 12275 LICENSES 198 198 1977967 1727264 250703 0 266838 276774 28632 28800 10082787 6524397 3760911 3558390 920650 1174458 4977031 5038422 47734 36068 27376 27376 36328 36835 4548179 4769556 9317 6687 4668934 4876522 X 308097 161900 308097 161900 4977031 5038422 X -117497 -28700 X 0 1 X 1 1 1 X 56381 50674 18979 113579 89258 328871 1575434 1605021 1643946 1674652 1726330 8225383 1631815 1655695 1662925 1788231 1815588 8554254 0 0 0 8554254 253 1741 845 744 5786 9369 253 1741 845 744 5786 9369 41782 99908 64651 48192 39096 293629 1673850 1757344 1728421 1837167 1860470 8857252 0.96580 0.96450 0.00110 0.00070 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY AND VENDING - 2018 AMOUNT: $ 5,856. 2019 AMOUNT: $ 4,925. 2020 AMOUNT: $ 3,816. 2021 AMOUNT: $ 3,934. 2022 AMOUNT: $ 4,577. BEAUTY SHOP INCOME - 2018 AMOUNT: $ 345. 2019 AMOUNT: $ 251. 2021 AMOUNT: $ 229. 2022 AMOUNT: $ 262. TENANT CHARGES - 2018 AMOUNT: $ 2,565. 2020 AMOUNT: $ 658. 2021 AMOUNT: $ 129. 2022 AMOUNT: $ 75. MISCELLANEOUS INCOME - 2018 AMOUNT: $ 1,983. 2019 AMOUNT: $ 458. 2020 AMOUNT: $ 249. 2021 AMOUNT: $ 33. 2022 AMOUNT: $ 2,386. CABLE TV INCOME - 2018 AMOUNT: $ 30,932. 2019 AMOUNT: $ 93,084. 2020 AMOUNT: $ 57,831. 2021 AMOUNT: $ 29,238. 2022 AMOUNT: $ 25,732. HOUSEKEEPING - 2020 AMOUNT: $ 2,097. 2021 AMOUNT: $ 3,090. 2022 AMOUNT: $ 4,605. PARKING INCOME - 2021 AMOUNT: $ 232. 2022 AMOUNT: $ 1,459. COVID CSP FUNDS RECEIVED - 2021 AMOUNT: $ 11,307. VENDOR FEES - 2018 AMOUNT: $ 101. REIMBURSEMENTS - 2019 AMOUNT: $ 1,190. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 370000 370000 8920803 6195485 2725318 695176 275008 420168 96808 53904 42904 3558390 ESCROW DEPOSITS 89086 REPLACEMENT RESERVE 548719 RESIDUAL RECEIPTS RESERVE 498925 TENANT DEPOSITS HELD IN TRUST 37728 1174458 DUE TO RELATED PARTY 6687 6687 1831770 0 1831770 28700 28700 1860470 1977967 0 1977967 0 1977967 PART IV, LINE 2B: THE ESCROW ACCOUNT HOLDS TENANT SECURITY DEPOSITS. PART XI, LINE 4B - OTHER ADJUSTMENTS: NON-CASH CONTRIBUTIONS FROM AFFILIATE NOT RECORDED ON BOOKS 28,700. 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. X 1 28091 COST X GENERAL SUPPLIES 1 609 COST 0 0 0 0 PART I, COLUMN (B): THE NUMBERS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. FORM 990, PART V, LINE 2B 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. SUSAN HOFFLER 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 $105,168. FORM 990, PART VI, SECTION A, LINE 6 FELLOWSHIP SQUARE FOUNDATION, INC. (EIN 52-6067043) IS THE SOLE MEMBER OF LAKE RIDGE ELDERLY DEVELOPMENTS INC. ACCORDING TO LAKE RIDGE'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 LAKE RIDGE 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 HIS/HER KNOWLEDGE AND UNDERSTANDING OF THE POLICY WHICH INCLUDES THE DUTY OF THE DIRECTOR AND/OR OFFICER TO 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 CONSULTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 160,045. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 160,045. CONTRACTS: PROGRAM SERVICE EXPENSES 50,308. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,308. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,297. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,297. 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 -28,700. 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 LARGO LANDING ELDERLY DEVELOPMENTS INC 1077 LARGO ROAD UPPER MARLBORO MD 20774 521264032 RENTAL REAL ESTATE, LOW INCOME HOUSING MD 501(C)(3) LINE 10 FELLOWSHIP SQUARE FOUNDATION 0 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 0 0 1 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0