2024-11-12T10:53:15-06:00 2024-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2023-07-01 061331831 THE TOWERS FOUNDATION INC TOWE 2037721816 18 TOWER LANE NEW HAVEN CT 06519 GUSTAVE KEACH-LONGO CEO 2037721816 2024-11-11 1 1 LORI ROTHE YOKOBOSKY CPA P01273422 9592007000 2024-11-11 2023 2024-10-15 13:58:12Z GUSTAVE KEACH-LONGO 18 TOWER LANE NEW HAVEN CT 06519 1133381 0 X N/A X 1969 CT THE PURPOSES OF THE CORPORATION ARE TO PROVIDE RESOURCES TO THE NEW HAVEN JEWISH COMMUNITY COUNCIL HOUSING CORPORATION (DBA THE TOWERS AT TOWER LANE AND REFERRED TO IN THESE BYLAWS AS "THE TOWERS") IN SUPPORT OF THE TOWERS' MISSION AS SET FORTH IN ARTICLE 2 OF ITS CERTIFICATE OF INCORPORATION ON FILE IN THE OFFICE OF THE SECRETARY OF THE STATE OF CONNECTICUT. IN CARRYING OUT ITS PURPOSES, THE CORPORATION SHALL ACT EXCLUSIVELY AS A SUPPORTING ORGANIZATION, AS DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), BY OPERATING FOR THE BENEFIT OF, PERFORMING FUNCTIONS OF, OR CARRYING OUT PURPOSES OF THE TOWERS.) FURTHER PROVIDED, IN THE EVENT OF ANY CONFLICT BETWEEN THE PURPOSES SET FORTH IN THESE BYLAWS AND THOSE SET FORTH IN ITS CERTIFICATE OF INCORPORATION, THE PROVISIONS OF THE CERTIFICATE OF INCORPORATION SHALL PREVAIL. 13 13 6 474 0 0 1460742 470283 342546 447505 16396 32812 120512 182781 1940196 1133381 0 144543 0 0 350507 311427 0 0 115557 743534 993784 1094041 1449754 846155 -316373 3122597 2880342 113022 158072 3009575 2722270 X THE PURPOSES OF THE CORPORATION ARE TO PROVIDE RESOURCES TO THE NEW HAVEN JEWISH COMMUNITY COUNCIL HOUSING CORPORATION (DBA THE TOWERS AT TOWER LANE AND REFERRED TO IN THESE BYLAWS AS "THE TOWERS") IN SUPPORT OF THE TOWERS' MISSION AS SET FORTH IN ARTICLE 2 OF ITS CERTIFICATE OF INCORPORATION ON FILE IN THE OFFICE OF THE SECRETARY OF THE STATE OF CONNECTICUT. IN CARRYING OUT ITS PURPOSES, THE CORPORATION SHALL ACT EXCLUSIVELY AS A SUPPORTING ORGANIZATION, AS DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), BY OPERATING FOR THE BENEFIT OF, PERFORMING FUNCTIONS OF, OR CARRYING OUT PURPOSES OF THE TOWERS.) FURTHER PROVIDED, IN THE EVENT OF ANY CONFLICT BETWEEN THE PURPOSES SET FORTH IN THESE BYLAWS AND THOSE SET FORTH IN ITS CERTIFICATE OF INCORPORATION, THE PROVISIONS OF THE CERTIFICATE OF INCORPORATION SHALL PREVAIL. 0 0 1170686 144543 454611 THE PURPOSES OF THE CORPORATION ARE TO PROVIDE RESOURCES TO THE NEW HAVEN JEWISH COMMUNITY COUNCIL HOUSING CORPORATION (DBA THE TOWERS AT TOWER LANE AND REFERRED TO IN THESE BYLAWS AS "THE TOWERS") IN SUPPORT OF THE TOWERS' MISSION AS SET FORTH IN ARTICLE 2 OF ITS CERTIFICATE OF INCORPORATION ON FILE IN THE OFFICE OF THE SECRETARY OF THE STATE OF CONNECTICUT. IN CARRYING OUT ITS PURPOSES, THE CORPORATION SHALL ACT EXCLUSIVELY AS A SUPPORTING ORGANIZATION, AS DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), BY OPERATING FOR THE BENEFIT OF, PERFORMING FUNCTIONS OF, OR CARRYING OUT PURPOSES OF THE TOWERS.) FURTHER PROVIDED, IN THE EVENT OF ANY CONFLICT BETWEEN THE PURPOSES SET FORTH IN THESE BYLAWS AND THOSE SET FORTH IN ITS CERTIFICATE OF INCORPORATION, THE PROVISIONS OF THE CERTIFICATE OF INCORPORATION SHALL PREVAIL. 1170686 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 23 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X GUSTAVE KEACH-LONGO 2037721816 18 TOWER LANE NEW HAVEN CT 06519 CINDY LEFFELL OUTGOING IMMEDIATE PAST CHAIR 1.00 3.00 X X 0 0 0 DONNA FEDUS DIRECTOR 1.00 1.00 X 0 0 0 DR STEPHANIE JACOBSON DIRECTOR 1.00 1.00 X 0 0 0 ELLEN IEAD DIRECTOR 1.00 1.00 X 0 0 0 ERIK JOHNSON OUTGOING DIRECTOR 1.00 1.00 X 0 0 0 GAYLE SLOSSBERG OUTGOING DIRECTOR 1.00 1.00 X 0 0 0 INA SILVERMAN DIRECTOR 1.00 1.00 X 0 0 0 JAMIE ZUBOFF VICE CHAIR 1.00 1.00 X X 0 0 0 LINDA CEDARBAUM BOARD CHAIR 2.00 3.00 X X 0 0 0 LINDA RANDELL SECRETARY 1.00 1.00 X X 0 0 0 LORI BROCHIN TREASURER 1.00 1.00 X X 0 0 0 MARC OLINS DIRECTOR 1.00 1.00 X 0 0 0 RENEE DRELL OUTGOING DIRECTOR 1.00 1.00 X 0 0 0 ROBERT COLE DIRECTOR 1.00 1.00 X 0 0 0 ROBERT GITTLEMAN DIRECTOR 1.00 1.00 X 0 0 0 ROBERT KATZ DIRECTOR 1.00 1.00 X 0 0 0 SAMMY PARRY DIRECTOR 1.00 1.00 X 0 0 0 GUSTAVE KEACH-LONGO PRESIDENT & CEO 5.00 30.00 X 0 265686 28465 JOHN HEYDER CFO 5.00 30.00 X 0 127729 13807 JENNIFER BARON BAYER VICE PRESIDENT OF STRATEGIC INITIATIVES 17.50 17.50 X 0 122333 13017 JESSE WESCOTT VICE PRESIDENT 5.00 30.00 X 0 106080 26670 0 621828 81959 0 0 1 0 0 470283 470283 RESIDENT SERVICES 713990 360800 360800 PROGRAM INCOME 623990 85384 85384 RESIDENT ACTIVITIES 713990 1321 1321 447505 32812 32812 175675 0 175675 175675 175675 7106 7106 7106 1133381 454611 0 208487 144543 144543 267742 160540 30341 76861 22316 13381 2529 6406 21369 12813 2422 6134 11684 11684 26934 26934 13650 13650 26156 26156 34491 34491 52268 52268 393 393 43111 43111 GROUND FLOOR RENOVATION 211083 211083 RESIDENT SERVICES 196826 196826 COMMUNITY GARDEN 165788 165788 RESIDENT ACTIVITIES 121428 121428 89972 48905 41067 1449754 1170686 163511 115557 884837 1045333 209491 217410 933428 543601 15500 15079 761719 85711 714546 676008 362663 380779 2132 2132 3122597 2880342 113022 158072 113022 158072 X 1423197 1579418 1586378 1142852 3009575 2722270 3122597 2880342 -316373 29068 0 X 0 1 X 1 0 X X 1 NEW HAVEN JEWISH COMMUNITY COUNCIL HOUSING CORPORATION 060870134 10 1 254990 915696 1 254990 915696 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART VI, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 1,350. 2020 AMOUNT: $ 2,928. 2021 AMOUNT: $ 234. 2023 AMOUNT: $ 7,106. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 362663 6086 29068 17038 380779 364193 1750 7226 10506 362663 369224 5938 -1475 9494 364193 269971 15474 91864 8085 369224 248348 23762 5585 7724 269971 0.75963 0.24037 1 0 617000 61700 555300 144719 24011 120708 676008 ENDOWMENT 380779 C 380779 X 1162449 29068 29068 1133381 0 1133381 1449754 0 1449754 0 1449754 PART V, LINE 4: INCOME EARNED ON THE ASSETS IN THE ENDOWMENT FUND IS DISTRIBUTED TO THE ORGANIZATION TO HELP FUND OPERATIONS. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2024, 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. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR END 2021 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF NECESSARY, THE ORGANIZATION WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. 1 NEW HAVEN JEWISH COMMUNITY COUNCIL 18 TOWER LANE NEW HAVEN CT 06519 060870134 501C3 144543 0 ACQUISITION OF DINING ROOM FURNITURE 1 PART I, LINE 2: THE FOUNDATION REVIEWS AND APPROVES OF ALL FURNITURE PURCHASED BY THE TOWERS. THE FOUNDATION REVIEWS THE PURCHASE OF FURNITURE BY THE TOWERS. THE FOUNDATION APPROVES ANY REIMBURSEMENT & USE OF FUNDS. 0 0 0 0 0 0 0 0 0 GUSTAVE KEACH-LONGO PRESIDENT & CEO 0 250834 0 14852 0 0 0 27649 0 816 0 294151 0 0 FORM 990 SCHEDULE J THE EXECUTIVE COMMITTEE OF THE RELATED PARTY MEETS TO DISCUSS CEO PERFORMANCE AND MAKES RECOMMENDATIONS TO THE BOARD. THE CEO PERFORMS PERFORMANCE EVALUATIONS OF OFFICERS/KEY EMPLOYEES AND OBTAINS COMPARABILITY DATA TO SUBSTANTIATE COMPENSATION LEVELS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION UPDATED ITS BYLAWS AND ARTICLES OF INCORPORATION TO UPDATE ITS MISSION/PURPOSE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND MANAGEMENT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST QUESTIONNAIRE IS MONITORED AND SIGNED ANNUALLY BY ALL MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CEO IS PAID BY A RELATED PARTY. THE EXECUTIVE COMMITTEE OF THE RELATED PARTY MEETS TO DISCUSS CEO PERFORMANCE AND MAKES RECOMMENDATIONS TO THE BOARD. AT THE RELATION ORGANIZATION, THE CEO PERFORMS PERFORMANCE EVALUATIONS OF OFFICERS/KEY EMPLOYEES AND OBTAINS COMPARABILITY DATA TO SUBSTANTIATE COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS CAN BE VIEWED PER REQUEST AT THE NEW HAVEN COMMUNITY COUNCIL HOUSING MANAGEMENT OFFICE IN NEW HAVEN CT. NEW HAVEN JEWISH COMMUNITY COUNCIL HOUSING CORPORATION 18 TOWER LANE NEW HAVEN CT 06519 060870134 AFFORDABLE HOUSING CT 501(C)(3) LINE 10 N/A 0 0 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 1 0