2025-04-24T12:45:42-05:00 2024-12-31 460475780 GROSSMAN ST AMOUR CPAS PLLC 110 WEST FAYETTE STREET SUITE 900 SYRACUSE NY 13202 990 2024-01-01 822072160 ACADEMY SQUARE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC ACAD 3154241821 990 JAMES STREET SYRACUSE NY 13203 KYLE LYSKAWA CHIEF FINANCIAL OFFICER 3154241821 2025-04-23 1 0 JAIMIE P GALANTE CPA P01649366 3154241120 2024 2025-03-06 01:10:19Z KYLE LYSKAWA 990 JAMES STREET SYRACUSE NY 13203 314418 0 X WWW.CHRISTOPHER-COMMUNITY.ORG X 2017 NY LOW-INCOME HOUSING PROJECT 3 3 0 0 0 0 0 0 293286 308167 60 11 7134 6240 300480 314418 0 0 0 0 123313 106459 0 0 0 475943 469728 599256 576187 -298776 -261769 5373820 5184724 8921967 8994640 -3548147 -3809916 THE ORGANIZATION WAS ORGANIZED SOLELY AND SPECIFICALLY TO DEVELOP, OWN, AND OPERATE A LOW-INCOME HOUSING PROJECT ON A NON-PROFIT BASIS PURSUANT TO ARTICLES XI OF THE PRIVATE HOUSING FINANCE LAW OF THE STATE OF NEW YORK. 0 0 511508 314407 ACADEMY SQUARE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY, INC. OPERATES A SUBSIDIZED, 44-UNIT LOW-INCOME HOUSING PROJECT, ON A NONPROFIT BASIS PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING LAW OF THE STATE OF NEW YORK. 511508 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 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 CHRISTOPHER COMMUNITY INC 3154241821 990 JAMES STREET SYRACUSE NY 13203 X JUSTIN RUDGICK PRESIDENT 1.00 X X 0 0 0 KYLE LYSKAWA TREASURER 1.00 X X 0 0 0 AUDREY FARWAGI SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 RENT NET OF VACANCY LO 531110 308167 308167 308167 11 11 LAUNDRY/VENDING REVENU 812300 5239 5239 TENANT CHARGES 900099 955 955 MISCELLANEOUS INCOME 900099 46 46 6240 314418 314407 0 11 80699 80699 19071 19071 6689 6689 18305 18305 14326 14326 8500 8500 229 229 4980 4980 44852 44164 688 219197 219197 44957 44957 EQUIPMENT RENTAL & MAIN 79934 79934 SNOW REMOVAL 9395 9395 MISCELLANEOUS 7041 7041 SOFTWARE/COMPUTER 6544 6544 11468 7402 4066 576187 511508 64679 0 4295 2498 7453 8979 388 1700 6379413 1424599 5143355 4954814 218329 216733 5373820 5184724 21505 14775 1674 1686 8712334 8712334 186454 265845 8921967 8994640 X -3548147 -3809916 -3548147 -3809916 5373820 5184724 -261769 0 X 0 1 X 0 0 X 280136 250209 267497 293286 308167 1399295 280136 250209 267497 293286 308167 1399295 0 0 0 1399295 63 65 57 60 11 256 63 65 57 60 11 256 4027 9282 6108 7134 6240 32791 284226 259556 273662 300480 314418 1432342 0.97690 0.97750 0.00020 0.00020 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 107. 2021 AMOUNT: $ 6,529. 2022 AMOUNT: $ 865. 2023 AMOUNT: $ 1,421. 2024 AMOUNT: $ 46. LAUNDRY VENDING REVENUE - 2020 AMOUNT: $ 2,992. 2021 AMOUNT: $ 2,487. 2022 AMOUNT: $ 3,467. 2023 AMOUNT: $ 3,895. 2024 AMOUNT: $ 5,239. TENANT CHARGES - 2020 AMOUNT: $ 928. 2021 AMOUNT: $ 266. 2022 AMOUNT: $ 1,776. 2023 AMOUNT: $ 1,818. 2024 AMOUNT: $ 955. 25000 25000 6318125 1413272 4904853 31080 7421 23659 5208 3906 1302 4954814 DUE TO RELATED PARTIES 243709 SECURITY DEPOSITS PAYABLE 22136 265845 X 314418 0 314418 0 314418 576187 0 576187 0 576187 PART X, LINE 2: ACADEMY SQUARE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY, INC. HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3)OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). MANAGEMENT IS UNAWARE OF ANY UNRELATED BUSINESS ACTIVITIES THAT MAY BE SUBJECT TO UNRELATED BUSINESS TAX OR ANY ACTIVITIES THAT WOULD JEOPARDIZE THEIR EXEMPT STATUS. THE ORGANIZATION FOLLOWS FASB ASC 740, INCOME TAXES, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A MORE LIKELY THAN NOT THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION BELIEVES THE FINANCIAL STATEMENTS ARE FREE OF ANY UNCERTAIN TAX POSITIONS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO CHRISTOPHER COMMUNITY, INC. UNDER THE DIRECT SUPERVISION OF THE BOARD OF DIRECTORS. THIS INCLUDES BOOKKEEPING, PROPERTY MANAGEMENT, AND PERSONNEL RELATED FUNCTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE CFO FOR THE MANAGING AGENT RECEIVES THE 990 FROM THE AUDITOR AND REVIEWS THE FORM. THE DRAFT 990 IS THEN PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE MANAGING AGENT REVIEWS THE CONFLICT OF INTEREST STATEMENTS SIGNED BY BOARD MEMBERS ANNUALLY FOR EACH PROPERTY. IF A CONFLICT ARISES THE MANAGING AGENT MONITORS THE TRANSACTION TO ENSURE IT IS CONDUCTED AT ARMS-LENGTH. THE MANAGING AGENT DISCOURAGES THIS TYPE OF RELATIONSHIP AND RECOMMENDS AN ALTERNATIVE SITUATION IF AT ALL POSSIBLE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHRISTOPHER COMMUNITY INC 990 JAMES STREET SYRACUSE NY 13203 161006727 LOW INCOME HOUSING NY 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0