2024-11-14T11:06:53-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-01-01 383994147 LOHMAN VILLAGE HOUSING DEVELOPMENT FUND CORPORATION LOHM 9146990800 1 WARTBURG PLACE MOUNT VERNON NY 10562 DAVID GENTNER PRESIDENT/CEO 9146990800 2024-11-14 1 1 MELISSA MODELSON P01603524 9143818900 2024-11-09 2023 2024-10-15 13:58:12Z DAVID GENTNER 1 WARTBURG PLACE MOUNT VERNON NY 10562 3128174 0 X WWW.WARTBURG.ORG X 2016 NY THE CORPORATION HAS BEEN ORGANIZED EXCLUSIVELY TO OWN, OPERATE AND MANAGE ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME IN THE CITY OF MOUNT VERNON, WESTCHESTER COUNTY. 15 15 0 15 0 0 0 0 1670568 1723509 56049 131741 178418 0 1905035 1855250 0 0 0 0 0 0 0 0 0 1063916 981578 1063916 981578 841119 873672 6885081 6220279 7426497 7137375 -541416 -917096 THE CORPORATION HAS BEEN ORGANIZED EXCLUSIVELY TO OWN, OPERATE AND MANAGE ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME IN THE CITY OF MOUNT VERNON, WESTCHESTER COUNTY. 0 0 794283 0 1723509 LOHMAN VILLAGE HOUSING DEVELOPMENT FUND CORPORATION ("LOHMAN VILLAGE"), LOCATED IN MOUNT VERNON, NEW YORK, IS A 31-UNIT INDEPENDENT LIVING FACILITY FOR THE ELDERLY KNOWN AS LOHMAN VILLAGE. 794283 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 4 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X JOSEPH SESSA 9146990800 1 WARTBURG PLACE MOUNT VERNON NY 10562 ROBERT RANIERI CHAIR 0.50 3.50 X X 0 0 0 MICHAEL HOLDEN VICE CHAIR 0.50 3.50 X X 0 0 0 FLOYD V MYERS VICE CHAIR 0.50 3.50 X X 0 0 0 THOMAS A ROTH SECRETARY 0.50 3.50 X X 0 0 0 MARGARET ANDERSON BOARD MEMBER 0.50 3.50 X 0 0 0 ANDREA ANSORGE BOARD MEMBER 0.50 3.50 X 0 0 0 REV ROBERT BOEHLER BOARD MEMBER 0.50 3.50 X 0 0 0 REV SARAH PAYNE BROWN BOARD MEMBER 0.50 3.50 X 0 0 0 MAE R CARPENTER BOARD MEMBER 0.50 3.50 X 0 0 0 JULIET GRAHAM BOARD MEMBER 0.50 3.50 X 0 0 0 NANCY HARDY BOARD MEMBER 0.50 3.50 X 0 0 0 EAMON KELLY BOARD MEMBER 0.50 3.50 X 0 0 0 PHILIP ROTHMAN BOARD MEMBER 0.50 3.50 X 0 0 0 BONNIE SCHWARTZ BOARD MEMBER 0.50 3.50 X 0 0 0 JUDY WILLIAMS-DAVIS BOARD MEMBER 0.50 3.50 X 0 0 0 DAVID J GENTNER PRESIDENT 0.70 34.30 X 0 490343 84352 GREGORY POOLE-DAYAN COO, THRU MARCH 2023 1.00 34.00 X 0 64010 7095 JOSEPH SESSA CHIEF FINANCIAL OFFICER 0.70 34.30 X 0 286337 30864 0 840690 122311 0 0 1 0 MAGNA DRY CARPET CLEANERS 453 MACQUESTEN PARKWAY MOUNT VERNON NY 10552 CLEANING SERVICES 130438 1 RESIDENT SERVICE REVENUE 623990 1723509 1723509 1723509 19250 19250 1385415 1272924 112491 112491 112491 1855250 1723509 0 131741 20000 20000 3633 3633 15605 15605 2971 2971 311123 269242 41881 3300 3300 105129 105129 300 300 ALLOCATION OF SALARIES 305621 251867 53754 TENANT EXPENSES 110371 110371 ALLOCATION OF DEPT EXP. 76213 11457 64756 BUILDING EXPENSES 19660 19660 7652 7652 981578 794283 187295 0 148133 19075 202669 79899 700 0 5936513 5341674 647137 594839 871177 123958 5015265 5402508 6885081 6220279 307601 191901 29095 11205 145597 146737 6942928 6787532 1276 0 7426497 7137375 X -1300403 -1788769 758987 871673 -541416 -917096 6885081 6220279 X 873672 -9466 -1239886 X X 0 1 X 1 0 0 1 X 758987 112686 871673 905845 -146858 758987 830531 75314 905845 728828 101703 830531 624978 103850 728828 0.00000 1.00000 0.00000 0 0 3982489 3597912 384577 243949 190049 53900 1710075 1553713 156362 594839 DUE FROM AFFILIATED COMPANIES 5221682 SECURITY DEPOSITS 149102 INSURANCE RECOVERY RECEIVABLE 31724 5402508 X 2717457 -9466 871673 862207 1855250 0 1855250 981578 0 981578 0 981578 PART IV, LINE 2B: RESIDENT FUNDS ARE HELD BY LOHMAN VILLAGE ON BEHALF OF THE RESIDENTS. THESE FUNDS ARE DISBURSED BY LOHMAN VILLAGE AT THE REQUEST OF, OR ON BEHALF OF, RESIDENTS FOR THEIR PERSONAL USE. PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS CONSIST OF ONE ENDOWMENT FUND, THE INCOME FROM WHICH IS EXPENDABLE FOR REPAIRS, MAINTENANCE AND OTHER OPERATING COSTS OF LOHMAN VILLAGE. PART X, LINE 2: LOHMAN VILLAGE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT LOHMAN VILLAGE HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. LOHMAN VILLAGE IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: RETURN OF ENDOWMENT FUND ACTIVITY FROM RELATED PARTY 871,673. 0 0 0 0 0 0 0 0 0 DAVID J GENTNER PRESIDENT 0 446037 0 20000 0 24306 0 4936 0 79416 0 574695 0 0 JOSEPH SESSA CHIEF FINANCIAL OFFICER 0 277685 0 0 0 8652 0 2892 0 27972 0 317201 0 0 PART I, LINE 3 COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED BY THE WARTBURG HOME OF THE EVANGELICAL LUTHERAN CHURCH. THE POLICY IS AS FOLLOWS: THE WARTBURG ALIGNS ITS COMPENSATION PHILOSOPHY WITH THE OVERALL MISSION AND BUSINESS STRATEGY OF THE ORGANIZATION. EMPLOYEES ARE COMPENSATED FAIRLY WITHOUT REGARD TO AGE, SEX, RACE, COLOR, RELIGION, CREED, NATIONAL ORIGIN, DISABILITY (INCLUDING PREGNANCY DISABILITY), VETERAN OR MILITARY STATUS, MARITAL STATUS, SEXUAL ORIENTATION, CITIZENSHIP STATUS, IN ACCORDANCE WITH ALL APPLICABLE LAWS AND REGULATIONS, AND AS OUTLINED IN HUMAN RESOURCE POLICY. THE COMPENSATION PHILOSOPHY IS DESIGNED TO PROVIDE COMPETITIVE COMPENSATION POSITIONING COMPARED TO PEER GROUPS/OTHER HEALTHCARE ORGANIZATIONS SIMILAR IN SIZE AND PROGRAM OFFERING. IT CONSIDERS EXTERNAL MARKET DATA AGAINST INTERNAL STRUCTURE, RECOGNIZES THE UNIQUE RELATIVE VALUE OF EACH FUNCTION, REWARDS, INDIVIDUAL PERFORMANCE, WHILE BEING FINANCIALLY SUSTAINABLE OVER TIME. IT IS REVIEWED ON AN AS NEEDED BASIS BY WARTBURG'S PERSONNEL & COMPENSATION COMMITTEE OF THE BOARD AND IS SUBJECT TO SUCH BUDGETARY CONSIDERATIONS AS BUSINESS CONDITIONS MAY CREATE. THE WARTBURG HAS ENGAGED THE SERVICES OF ASTRON SOLUTIONS, A NATIONAL EMPLOYEE COMPENSATION AND BENEFITS FIRM, TO REVIEW EXECUTIVE AND SENIOR MANAGEMENT COMPENSATION. DATA USED IN DETERMINING MARKET MID RANGE IS DERIVED FROM REPORTS ISSUED BY ASTRON USING REPUTABLE TOP-TIER SURVEY HOUSES AS WELL AS LOCAL, INDUSTRY, AND ASSOCIATION SPECIFIC SOURCES. WORLD AT WORK STANDARDS ARE FOLLOWED IN THE SELECTION AND USE OF THE COMPENSATION SURVEYS TO ASSURE RELIABILITY AND VALIDITY OF DATA SOURCES. IN ADDITION, MARKET DATA IS MATCHED AGAINST JOB CONTENT AND DESCRIPTIONS, NOT JOB TITLES, AND BY THE USE OF WARTBURG'S JOB FACTOR ANALYSIS TOOL. EXEMPTION DECISIONS ARE MADE IN ACCORDANCE WITH FAIR LABOR STANDARD ACT REQUIREMENTS. IT IS OUR ORGANIZATION'S DESIRE TO PAY A COMPETITIVE BASE SALARY ALIGNED TO MARKET VALUE AND TO OFFER A COMPENSATION PACKAGE WHICH INTEGRATES OTHER TOTAL COMPENSATION OFFERINGS SUCH AS PAID TIME OFF, HEALTH COVERAGE, TUITION REIMBURSEMENT, ETC. "COMPETITIVE" IS DEFINED AS MARKET 50TH PERCENTILE. MARKET PARITY/MID RANGE DECISIONS ARE BASED ON FACTORS SUCH AS EDUCATION, SUBJECT EXPERTISE, LEVEL OF PERFORMANCE, AS WELL AS LEVEL OF STRATEGIC IMPACT/VALUE TO THE LONG-TERM GOALS OF THE ORGANIZATION. AS BUSINESS CONDITIONS WARRANT AND BASED ON THE STRATEGIC NEEDS OF THE ORGANIZATION, WITH BOARD APPROVAL, AN EMPLOYEE'S BASE SALARY MAY BE SUPPLEMENTED WITH INCENTIVE-BASED PAY AND/OR OTHER TOTAL COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF LOHMAN VILLAGE IS THE WARTBURG RESIDENTIAL COMMUNITY, INC. (THE "RESIDENTIAL COMMUNITY"). THE RESIDENTIAL COMMUNITY IS ALSO THE SOLE MEMBER OF FRIEDRICHS HOUSING MM, INC. WARTBURG MT. VERNON, INC. (THE "PARENT") IS THE SOLE MEMBER OF RESIDENTIAL COMMUNITY. THE PARENT IS ALSO THE SOLE MEMBER OF THE WARTBURG HOME OF THE EVANGELICAL LUTHERAN CHURCH (THE "HOME"), WARTBURG SENIOR HOUSING, INC. ("SENIOR HOUSING"), WARTBURG REALTY, INC. AND WARTBURG MANAGEMENT SERVICES, INC. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS SHALL BE APPOINTED AT THE ANNUAL MEETING OF THE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE LOHMAN VILLAGE HOUSING DEVELOPMENT FUND HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE MEMBERS OF THE AUDIT & GOVERNANCE COMMITTEE FOR REVIEW. AFTER THE FINANCE COMMITTEE RECEIVES AND APPROVES THE 990, IT IS ELECTRONICALLY SENT TO THE ENTIRE BOARD FOR REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A COVERED PERSON HAS A FINANCIAL INTEREST IF HE OR SHE HAS, DIRECTLY OR THROUGH A RELATED PARTY: (1) AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH THE WARTBURG HAS A TRANSACTION OR ARRANGEMENT; (2) A COMPENSATION ARRANGEMENT WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE WARTBURG HAS A TRANSACTION OR ARRANGEMENT; OR (3) A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH THE WARTBURG IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. COMPENSATION INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS THAT ARE SUBSTANTIAL IN NATURE (I.E., OTHER THAN GIFTS OF NOMINAL VALUE, WHICH ARE CLEARLY TOKENS OF RESPECT AND FRIENDSHIP UNRELATED TO ANY PARTICULAR TRANSACTION). A RELATED PARTY IS DEFINED AS A MEMBER OF THE COVERED PERSON'S IMMEDIATE FAMILY (INCLUDING PARENTS, SIBLINGS, SPOUSE, DOMESTIC PARTNER, AND MINOR CHILDREN OR OTHER CHILDREN RESIDING WITH THE COVERED PERSON). EACH PERSON SHALL PROMPTLY DISCLOSE TO THE BOARD OR COMMITTEE CHAIR ALL MATERIAL FACTS RELATING TO ANY FINANCIAL INTEREST, AS WELL AS ANY ACTUAL, POTENTIAL OR PERCEIVED CONFLICT OF INTEREST OF WHICH THE COVERED PERSON IS AWARE OR REASONABLY SHOULD BE AWARE. THE BOARD OR COMMITTEE CHAIRPERSON SHALL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE WARTBURG CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. A COVERED PERSON WITH A FINANCIAL INTEREST MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT GAVE RISE TO THE CONFLICT OF INTEREST. COVERED PERSONS SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THEY HAVE RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTAND THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, FORM 990, FORM 1024, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XI, LINE 9: FORGIVENESS OF AMOUNTS FROM THE WARTBURG RESIDENTIAL COMMUNITY -111,559. FORGIVENESS OF AMOUNTS FROM THE WARTBURG HOME OF THE ELC -2,000,000. RETURN OF ENDOWMENT FUND ACTIVITY FROM RELATED PARTY 871,673. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WARTBURG HOME OF THE EVANGELICAL LUTHERAN CHURCH 1 WARTBURG PLACE MOUNT VERNON NY 10552 131740497 OPERATE A NURSING HOME NY 501(C)(3) LINE 10 WARTBURG MT VERNON INC 0 WARTBURG RESIDENTIAL COMMUNITY 1 WARTBURG PLACE MOUNT VERNON NY 10552 133695648 PROVIDE HEALTHCARE SERVICES TO THE ELDERLY NY 501(C)(3) LINE 10 WARTBURG MT VERNON INC 0 WARTBURG SENIOR HOUSING 1 WARTBURG PLACE MOUNT VERNON NY 10552 134043128 OPERATE AN ASSISTED LIVING FACILITY NY 501(C)(3) LINE 10 WARTBURG MT VERNON INC 0 WARTBURG MT VERNON INC 1 WARTBURG PLACE MOUNT VERNON NY 10552 133621265 SUPPORT SERVICES FOR THE WARTBURG ENTITIES NY 501(C)(3) LINE 12B, II N/A 0 WARTBURG FOUNDATION 1 WARTBURG PLACE MOUNT VERNON NY 10552 133621266 SUPPORT THE WARTBURG ENTITIES NY 501(C)(3) LINE 7 WARTBURG HOME OF THE EVANGELICAL LUTHERAN CHURCH 0 WARTBURG MANAGEMENT SERVICES 1 WARTBURG PLACE MOUNT VERNON NY 10552 811903312 PROVIDE MANAGEMENT AND ADMIN SERVICES TO ADULT CARE FACILITIES NY 501(C)(3) LINE 12B, II WARTBURG MT VERNON INC 0 WARTBURG REALTY INC 1 WARTBURG PLACE MOUNT VERNON NY 10552 874772633 OPERATE APARTMENT FACILITY FOR THE ELDERLY NY 501(C)(3) LINE 10 WARTBURG MT VERNON INC 0 FRIEDRICHS SUPPORTIVE HOUSING LLC 1 WARTBURG PLACE MOUNT VERNON NY 10552 453539822 APARTMENT COMPLEX FOR LOW-INCOME SENIORS NY THE WARTBURG RESIDENTIAL COMMUNITY 0 0 0 FRIEDRICHS HOUSING MM INC 1 WARTBURG PLACE MT VERNON NY 10552 453539822 MANAGING MEMBER OF THE FRIEDRICHS SUPPORTIVE HOUSING LLC NY THE WARTBURG RESIDENTIAL COMMUNITY C 0 WARTBURG FRIEDRICHS HOUSING DEVELOPMENT FUND 1 WARTBURG PLACE MT VERNON NY 10552 454205282 DEVELOP A NONPROFIT HOUSING PROJECT FOR PERSONS OF LOW INCOME NY THE WARTBURG RESIDENTIAL COMMUNITY C 0 WARTBURG MLTC 1 WARTBURG PLACE MT VERNON NY 10552 464047295 PERFORM STUDIES, SURVEYS AND PLANNING FOR DEVELOPMENT OF MANGED LT CARE NY WARTBURG MT VERNON INC C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0