2025-03-15T05:02:54-05:00 2023-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2023-01-01 113444948 ELLERY COURT SENIOR HOUSING DEVELOPMENT FUND CORPORATION ELLE 7183885454 2 KINGSLAND AVENUE 1ST FLOOR BROOKLYN NY 11211 ADOLFO G ALAYON PRESIDENT 7183885454 2025-03-14 1 0 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2025-02-25 2023 2025-03-06 01:10:19Z ADOLFO G ALAYON 2 KINGSLAND AVENUE 1ST FLOOR BROOKLYN NY 11211 1129560 0 X N/A X 1997 NY TO PROVIE HOUSING FOR THE ELDERLY RESIDENTS OF CENTRAL BROOKLYN. 3 3 0 3 0 0 0 0 1080084 1048285 1390 1478 2825 79797 1084299 1129560 0 0 0 0 0 0 0 0 0 1421681 1525831 1421681 1525831 -337382 -396271 4599997 4296800 8456506 9098998 -3856509 -4802198 OPERATE SUPPORTIVE HOUSING FOR THE ELDERLY RESIDENTS OF CENTRAL BROOKLYN. 0 0 1398494 1128082 OPERATED AN EIGHTY SEVEN UNIT HOUSING PROJECT FOR THE ELDERLY. PROVIDED SERVICE COORDINATION SERVICES FOR RESIDENTS OF THE PROJECT. 1398494 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X PHILIP HOFMANN 7183885454 2 KINGSLAND AVENUE 1ST FLOOR BROOKLYN NY 11211 X ADOLFO G ALAYON PRESIDENT 1.00 12.80 X X 0 0 0 LUCY VASQUEZ TREASURER 1.00 3.30 X X 0 0 0 SHERLY DEMOSTHENES SECRETARY 1.00 5.00 X X 0 0 0 0 0 0 0 0 0 0 BAY RIDGE SECURITY SERVICE INC 110 BAY RIDGE AVENUE BROOKLYN NY 11220 SECURITY SERVICES 194996 1 RENTAL REVENUE 531110 1048285 1048285 1048285 1478 1478 GAIN ON EXCESS RESIDUA 900099 77192 77192 LAUDARY & INCOME 900099 2605 2605 79797 1129560 1128082 0 1478 X 76937 76937 50400 50400 430440 430440 17190 17190 369728 369728 3053 3053 236776 236776 147124 147124 REAPAIRS AND MAINTENANC 170482 170482 PROFESSIONAL DEVELOPMEN 9857 9857 BAD DEBTS 6875 6875 PERMITS & FINES 6581 6581 388 388 1525831 1398494 127337 0 6389 14120 827992 752114 26312 17843 24986 26083 8651895 5165255 3714318 3486640 4599997 4296800 158683 688838 8018 11071 24805 29710 8265000 8265000 0 104379 8456506 9098998 X -3901787 -4802198 45278 0 -3856509 -4802198 4599997 4296800 -396271 -549418 0 X 0 1 X 1 1 1 X 1057538 1064037 1081127 1080084 1048285 5331071 1057538 1064037 1081127 1080084 1048285 5331071 0 0 0 5331071 978 1271 1270 1390 1478 6387 978 1271 1270 1390 1478 6387 9475 36991 4530 2825 79797 133618 1067991 1102299 1086927 1084299 1129560 5471076 0.97440 0.98680 0.00120 0.00110 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUDARY INCOME - 2019 AMOUNT: $ 9,475. 2020 AMOUNT: $ 36,991. 2021 AMOUNT: $ 4,530. 2022 AMOUNT: $ 2,825. 2023 AMOUNT: $ 2,605. GAIN ON EXCESS RESIDUAL RECEIPTS - 2023 AMOUNT: $ 77,192. 0 1 X 43500 43500 8350027 4945293 3404734 175348 150164 25184 83020 69798 13222 3486640 DUE TO AFFILIATES 104379 104379 X 1052368 0 1052368 77192 77192 1129560 1448639 -77192 -77192 1525831 0 1525831 PART IV, LINE 2B: TENANTS ARE REQUIRED TO PROVIDE A SECURITY DEPOSIT TO THE HOUSING COMPANY BASED ON THEIR LEASE AGREEMENT. THESES FUNDS ARE MAINTAINED IN BANK ACCOUNTS SEPARATE FROM THE HOUSING COMPANY'S ACCOUNTS. INTEREST EARNED ON THESE FUNDS IS CREDITED TO THE TENANT'S ACCOUNTS. PART X, LINE 2: THE HOUSING COMPANY HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2024. DUE TO ITS TAX-EXEMPT STATUS, THE HOUSING COMPANY IS NOT SUBJECT TO INCOME TAXES. THE HOUSING COMPANY IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE HOUSING COMPANY 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. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE HOUSING COMPANY HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE HOUSING COMPANY ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE RECLASSED FROM EXPENSES 77,192. PART XII, LINE 2D - OTHER ADJUSTMENTS: REVENUE RECLASSED FROM EXPENSES -77,192. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENGAGES THE SERVICES OF A REAL ESTATE MANAGING AGENT TO MANAGE THE DAY TO DAY OPERATIONS OF THE PROJECT. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 WAS SUBMITTED TO ALL BOARD MEMBERS VIA US MAIL OR ELECTRONIC MAIL PRIOR TO SUBMISSION TO THE IRS. THE FORM 990 WAS APPROVED BY THE PRESIDENT OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ANNUAL CERTIFICATION BY ALL MEMBERS OF THE BOARD OF DIRECTORS, EMPLOYEES, MANAGING AGENT, AND BUSINESS PARTNERS THAT THEY HAVE RECEIVED ORGANIZATION'S CONFLICT OF INTEREST POLICY AND THAT NO CONFLICT EXISTS. ANY CONFLICTS ARE ADDRESSED BY THE BOARD. IF CONFLICTS EXIST THE MEMBER IS REQUIRED TO RECUSE HIMSELF FROM DELIBERATION AND VOTING ON CONFLICTED ISSUES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION POSTS A COPY OF FORM 990 AT THE MANAGER'S OFFICE LOCATED AT THE PROJECT. COPIES OF FORM 990 AND FORM 1023 ARE ALSO PROVIDED UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. SUCH DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE MANAGEMENT OFFICE. FORM 990, PART IX, LINE 11G SECURITY CONTRACT: PROGRAM SERVICE EXPENSES 211,684. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 211,684. MONITORING FEES: PROGRAM SERVICE EXPENSES 1,958. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,958. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 215,870. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 215,870. MANAGEMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 928. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 928. CABS COMMUNITY FOUNDATION INC 270 NOSTRAND AVE BROOKLYN NY 11205 112284472 NURSING CARE NY 501(C)(3) LINE 10 N/A 0 CABS SENIOR HOUSING DEVELOPMENT FUND 2 KINGSLAND AVE 1ST FL BROOKLYN NY 11211 112582628 HOUSING NY 501(C)(3) LINE 10 CABS COMMUNITY FOUNDATION INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0