2024-11-04T15:10:34-06:00 2023-12-31 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 07054 990 2023-01-01 133411159 EDUCATIONAL HOUSING SERVICES INC % JOSEPH LAVACCA EDUC 2129777622 481 EIGHTH AVENUE NEW YORK NY 10001 Joseph LaVacca Treasurer 2129777622 2024-10-30 true true lori rothe yokobosky cpa P10273422 9732283500 2024-10-30 2023 2024-10-15 13:58:12Z JEFFREY LYNFORD 481 EIGHTH AVENUE NEW YORK NY 10001 24776871 false X WWW.STUDENTHOUSING.ORG X 1987 NY EHS' Mission is to provide safe college housing. 9 9 85 0 0 623250 608625 22325415 23946200 19088 12632 235349 209414 23203102 24776871 0 0 0 0 2859388 3527323 0 0 0 23817513 24994505 26676901 28521828 -3473799 -3744957 143652746 142160878 175236462 177978291 -31583716 -35817413 THE EHS & SUBSIDIARIES MISSION "TO ENHANCE THE NEW YORK CITY COLLEGE EXPERIENCE BY PROVIDING SAFE AND AFFORDABLE HOUSING IN AN ENRICHING STUDENT LIFE ENVIRONMENT." false false 25225298 24155614 TO ACQUIRE BY LEASE OR OTHERWISE, MAINTAIN AND OPERATE, IN THE NEW YORK CITY METRO AREA, QUALITY, SAFE, STATE OF THE ART, AFFORDABLE, RESIDENTIAL FACILITIES FOR STUDENTS AND TEACHERS OF EDUCATIONAL INSTITUTIONS. EDUCATIONAL HOUSING SERVICES, INC. ALSO COORDINATES A STUDENT LIFE SOCIAL CALENDAR WHICH PROMOTES STUDENT ACTIVITIES WITHIN THE COMMUNITY. 25225298 true false false true false false false false false false true false false true true true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false true true true true true false false 159 0 true 85 true false false false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true true true true NY X JOSEPH LAVACCA 2129777622 481 EIGHTH AVENUE NEW YORK NY 10001 X JEFFREY LYNFORD PRESIDENT 31.15 3.85 X 580727 0 61426 DENNIS R IRVIN COO/CFO 25.9 9.1 X 345791 0 34948 FAYE BEAN SENIOR VP LEASING & MARKETING 12.08 22.92 X 252929 0 99096 CHRISTY CHATFIELD SENIOR VP STUDENT LIFE 17.5 17.5 X 201556 0 86837 ADAM B KAUFMAN SENIOR HOUSING ADVISOR 15.75 19.25 X 248449 0 24130 JOSEPH LA VACCA TREASURER 20.3 14.7 X 187049 0 65499 ARIEL DYBNER SR VP GNRL COUNSEL, SECRETARY 24.0 6.0 X 144387 0 103897 JUSTIN FAY HOUSING ADVISOR 15.75 19.25 X 157550 0 26219 KEVIN GROSS VP OF FACILITIES AND PROPERTY 21.88 13.12 X 157232 0 22777 DARLENE LEWIS CONTROLLER 20.3 14.7 X 132547 0 43116 WILLIAM COCKRUM III BOARD MEMBER 2.0 3.0 X 25000 0 0 JERRY HULTIN CHAIRMAN OF THE BOARD 2.0 3.0 X X 25000 0 0 JOHN THOMAS RANDOLPH II BOARD MEMBER 2.0 3.0 X 25000 0 0 DALE ANNE REISS BOARD MEMBER 2.0 3.0 X 25000 0 0 SAMARA BAREND BOARD MEMBER 2.0 3.0 X 25000 0 0 DONALD D SHEETS BOARD MEMBER 2.0 3.0 X 25000 0 0 CARL RICHARD HARTMAN BOARD MEMBER 2.0 3.0 X 25000 0 0 PATRICK FOYE BOARD MEMBER 2.0 3.0 X 25000 0 0 LEECIA ROBERTA EVE BOARD MEMBER 2.0 3.0 X 25000 0 0 2633217 0 567945 15 true true false REALTY CROWN MANAGEMENT 100 HENRY STREET BROOKLYN NY 11201 PROPERTY MANAGEMENT 1765000 RCN PO BOX 11816 NEWARK NJ 071018116 TELECOMMUNICATIONS 759322 PARK MURRAY CAPITAL 1160 Park Avenue NEW YORK NY 10128 Consulting 592742 SAFETY BUILDING CLEANING CORP 5 West 37th Street NEW YORK NY 10018 Cleaning 477721 INNERCIRCLE TECH ADVISORS 122 EAST 42ND STREET NEW YORK NY 10168 IT SERVICES 452666 14 608625 608625 HOUSING AND DORMITORY 721310 23946200 23946200 23946200 12632 12632 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ANNUAL INSTITUTION FEE 900099 193956 193956 VENDING MACHINE INCOME 900099 15458 15458 209414 24776871 24155614 12632 0 0 0 0 1428204 1428204 0 1642322 765701 876621 35473 16746 18727 171549 85819 85730 249775 129697 120078 448698 448698 36630 5902 30728 67356 67356 63260 63260 0 0 383721 255226 128495 645684 644556 1128 116411 1954 114457 216761 9390 207371 0 18518894 18433405 85489 47087 13405 33682 0 11759 400 11359 2396521 2396521 0 44886 28773 16113 459957 388965 70992 REPAIRS & MAINTENANCE 1345456 1345456 STUDENT LIFE EXPENSES 175593 175593 BAD DEBT EXPENSE 15583 15583 MISCELLANEOUS 248 248 0 28521828 25225298 3296530 0 12207840 8389934 1681882 1334287 0 0 881537 908261 0 0 0 0 0 0 0 0 562736 524054 7919156 7795921 92536 123235 0 0 0 0 1489357 1247417 19559024 19199171 107177834 110434519 143652746 142160878 9362537 10099159 0 0 1541802 1726246 41184989 40986481 0 0 0 0 9375823 5894018 0 0 113771311 119272387 175236462 177978291 X -31583716 -35817413 0 0 -31583716 -35817413 143652746 142160878 -3744957 -488740 X false true X true false X 650350 984244 818700 623250 608625 3685169 28089863 20431914 19257705 22325414 23946200 114051096 0 0 0 28740213 21416158 20076405 22948664 24554825 117736265 0 15158140 15066098 14724017 14291701 15123046 74363002 15158140 15066098 14724017 14291701 15123046 74363002 43373263 162034 297413 281723 100542 12632 854344 0 162034 297413 281723 100542 12632 854344 0 1535692 5473470 560711 209414 7779287 30437939 27187041 20918839 23049206 24776871 126369896 0.34323 0.35653 0.00676 0.00776 X false false false false false false true 63260 false false 63260 false PART II-B, LINE 1G THE ORGANIZATION RETAINED TWO FIRMS IN 2023 TO ASSIST IN LOBBYING THE NEW YORK CITY DEPARTMENT OF BUILDINGS, MEMBERS OF THE NEW YORK CITY MAYOR'S STAFF, MEMBERS OF THE NEW YORK CITY COUNCIL, AND MEMBERS OF THE NEW YORK CITY COUNCIL'S STAFF FOR A RULE MODIFICATION BY THE NEW YORK CITY DEPARTMENT OF BUILDINGS OF THE RULE SETTING FORTH WHAT CONSTITUTES A "COLLEGE OR SCHOOL STUDENT DORMITORY". 4614589 4557017 57572 3304567 3238904 65663 123235 DUE FROM RELATED ENTITIES 46594569 CASH&SECURITY BY BOND TRUSTEES 10597665 SECURITY DEPOSITS 5023059 RECEIVABLE STUD HOUS PROJ 48044377 OTHER ASSETS 174849 110434519 0 DUE TO RELATED ENTITIES 85276048 STUDENT HOUSING PAYABLE 12555769 OTHER LIABILITY - CURRENT 141322 OTHER LIABILITY - LONG TERM 1863895 LEASE LIABILITY 19435353 119272387 SCHEDULE D, PART X, LINE 2 FIN48 THE ORGANIZATION IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAX AUTHORITIES. 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 CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT BELIEVES THAT ITS TAX-EXEMPT STATUS WOULD BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION FILES INFORMATIONAL TAX RETURNS IN THE UNITED STATES FEDERAL AND NEW YORK STATE JURISDICTIONS. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. 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PART III, LINE 3B EHS REGULARLY ENGAGES BOND COUNSEL WHEN AN ISSUE ARISES AS TO PRIVATE BUSINESS USE OF THE PROPERTY. THERE WAS NO OCCASION FOR BOND COUNSEL IN 2023. PART IV, LINE 2C THE REBATE COMPUTATION WAS PERFORMED IN AUGUST 2019. FORM 990, PART VI, LINE 11B FORM 990 PROVIDED TO GOVERNING BODY THE FORM 990 FOR 2023 WAS PROVIDED TO THE FULL BOARD FOR REVIEW AND COMMENT. APPROVAL VIA BOARD VOTE OF THE FORM 990 IS REQUIRED PRIOR TO FILING THE REPORT TO THE IRS. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY EHS' CONFLICT OF INTEREST POLICY REQUIRES THE FILING BY ALL BOARD MEMBERS AND SENIOR OFFICERS OF THE ORGANIZATION OF ANNUAL CONFLICTS DISCLOSURE STATEMENT. THESE ARE REVIEWED BY THE GOVERNANCE AND COMPENSATION COMMITTEE QUARTERLY FOR ANY CONFLICTS. FORM 990, PART VI, LINE 15A & 15B COMPENSATION POLICY 990 Part VI-LINE 15A: IN SEPTEMBER 2019, THE ORGANIZATION, WITH REVIEW AND APPROVAL OF THE GOVERNANCE, FINANCE AND COMPENSATION COMMITTEE AND INPUT FROM OUTSIDE COMPENSATION CONSULTANTS GRANT THORNTON, LLP, EXTENDED THE EMPLOYMENT CONTRACT OF ITS PRESIDENT FOR AN ADDITIONAL TERM OF TEN YEARS ENDING DECEMBER 31, 2029. PART VI - LINE 15B IN 2022 THE ORGANIZATION RE-ENGAGED GRANT THORNTON LLP TO REVIEW THE COMPENSATION LEVELS OF OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION TO PROVIDE THE BOARD WITH A DETERMINATION OF COMPENSATION FOR THOSE EMPLOYEES. AS A RESULT OF THIS DETERMINATION NO COMPENSATION DECISIONS WERE MADE FOR ANY OTHER OFFICER OR KEY EMPLOYEES OF THE ORGANIZATION DURING 2023. FORM 990, PART VI, LINE 19 DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION COPIES OF THE ANNUAL FINANCIALS AND OTHER GOVERNING DOCUMENTS ARE SENT TO THE STATE OF NEW YORK, NEW YORK STATE BOND COMMISSION, AND THE BOARD OF DIRECTORS. COPIES ARE ON FILE AND AVAILABLE UPON REQUEST. THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990 PAYROLL EHS, INC. (EHS) CONTRACTS WITH ADP TOTAL SOURCE FOR THEIR HUMAN RESOURCES/PAYROLL SERVICES. AS SUCH, ALL EMPLOYEES OF EHS ARE A PART OF ADP'S PROFESSIONAL EMPLOYER ORGANIZATION (PEO) GROUP. FOR W-2 PURPOSES, ADP IS LISTED AS THE EMPLOYER OF ALL EHS EMPLOYEES. EHS IS THE SOLE ENTITY THAT PAYS THE EMPLOYEES OF ALL THE RELATED/CONTROLLING ENTITIES. ALLOCATIONS ARE MADE FROM EHS TO THESE ENTITIES, BASED ON ACTUAL TIME WORKED BY EACH EMPLOYEE WHEN KNOWN, OR BY AN ALLOCATION OF MANAGEMENT SALARIES BASED UPON THE ESTIMATED TIME WORKED THROUGH THE YEAR ON THESE ENTITIES. HOURS OF BOARD MEMBERS ARE BASED UPON THE QUARTERLY AND MONTHLY MEETINGS INCLUDING REGULAR INTERACTIONS WITH MANAGEMENT IN PERSON AND TELEPHONICALLY AS IT RELATES TO A PARTICULAR ENTITY. FORM 990 - Part VII IND CONTRACTORS IN THE FOLLOWING SECTION THE COMPENSATION TO REALTY CROWN MANAGEMENT OF $1,765,000 REPRESENTS THE OPERATING COSTS FOR TWO BUILDINGS. THESE COSTS INCLUDE: REAL ESTATE TAXES, UTILITIES, MANAGEMENT FEES, CLEANING, SECURITY, MAJOR REPAIRS TO MACHINERY, INSURANCE EXPENSES AND OVERALL GENERAL EXPENSES TO OPERATE THE BUILDINGS EFFICIENTLY. IN 2022 THIS EXPENSE TOTALED $1,380,000. WHEN KNOWN, OR BY AN ALLOCATION OF MANAGEMENT SALARIES BASED UPON THE ESTIMATED TIME WORKED THROUGH THE YEAR ON THESE ENTITIES. HOURS OF BOARD MEMBERS ARE BASED UPON THE QUARTERLY AND MONTHLY MEETINGS INCLUDING REGULAR INTERACTIONS WITH MANAGEMENT IN PERSON AND TELEPHONICALLY AS IT RELATES TO A PARTICULAR ENTITY. EHS CLARK STREET RESIDENCE LLC 481 EIGHTH AVENUE NEW YORK NY 10001 020739597 STUD. HOUSING DE 9272856 4013134 EHS INC EHS VI LLC 481 EIGHTH AVENUE NEW YORK NY 10001 205965253 STUD. 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