2025-10-13T09:21:11-04:00 2025-05-31 231925864 GINADER JONES & CO LLP 1 HIGHLANDS BOULEVARD SUITE 201 ARCHBALD PA 184031506 990 2024-06-01 232742809 WEBSTER TOWERS INC C/O HBS MANAGEMENT COMPANY WEBS 5703460759 425 ALDER STREET SCRANTON PA 18505 MICHAEL GREENSTEIN PRESIDENT 5703460759 2025-10-12 true true ERIC D DAVIS P00593673 5703473377 2025-10-13 2024 2025-03-06 01:10:19Z MICHAEL GREENSTEIN 908897 false X N/A X 1976 PA WEBSTER'S MISSION AS A NOT-FOR-PROFIT ENTITY IS TO PROVIDE AFFORDABLE HOUSING FOR ELDERLY RESIDENTS OF THE GREATER SCRANTON AREA OF PENNSYLVANIA, THAT IS COMFORTABLE, CLEAN, MODERN, AND SAFE. THE ORGANIZATION FULFILLS ITS MISSION BY CONTINUALLY REINVESTING IN THE AESTHETIC AND PHYSICAL QUALITY OF ITS 85 RESIDENTIAL UNITS, WHILE CHARGING RENTS THAT ARE CONSISTENTLY LOWER THAN PREVAILING MARKET RENT RATES IN THE REGION, THUS MAKING THE UNITS AFFORDABLE FOR CURRENT AND POTENTIAL TENANTS WITH LOWER INCOMES. 15 15 3 24 0 34462 32045 760917 869863 5749 6989 0 801128 908897 0 0 219574 199378 0 0 570088 607641 789662 807019 11466 101878 1700745 1753082 335892 286351 1364853 1466731 X WEBSTER'S MISSION AS A NOT-FOR-PROFIT ENTITY IS TO PROVIDE AFFORDABLE HOUSING FOR ELDERLY RESIDENTS OF THE GREATER SCRANTON AREA OF PENNSYLVANIA, THAT IS COMFORTABLE, CLEAN, MODERN, AND SAFE. THE ORGANIZATION FULFILLS ITS MISSION BY CONTINUALLY REINVESTING IN THE AESTHETIC AND PHYSICAL QUALITY OF ITS 85 RESIDENTIAL UNITS, WHILE CHARGING RENTS THAT ARE CONSISTENTLY LOWER THAN PREVAILING MARKET RENT RATES IN THE REGION, THUS MAKING THE UNITS AFFORDABLE FOR CURRENT AND POTENTIAL TENANTS WITH LOWER INCOMES. false false 807019 908897 WEBSTER TOWERS PROVIDED 85 UNITS OF AFFORDABLE, COMFORTABLE, CLEAN, MODERN, AND SAFE HOUSING TO ELDERLY RESIDENTS OF THE CITY OF SCRANTON. THE ORGANIZATION MADE THE UNITS AFFORDABLE TO ITS ELDERLY TENANTS BY CHARGING MONTHLY RENTS IN COMPLIANCE WITH U.S. HUD GUIDELINES, WHICH WERE CONTINUALLY LOWER THAN PREVAILING MARKET RENTAL RATES. THE ORGANIZATION MADE ITS AFFORDABLE HOUSING COMFORTABLE, CLEAN, AND MODERN BY INVESTING 1,367,000 IN PROPERTY AND EQUIPMENT ADDITIONS AND RENOVATIONS DURING THE LAST 7 YEARS. AS A RESULT OF THESE ADDITIONS AND RENOVATIONS, THE ORGANIZATION'S HOUSING FACILITY IS A SOURCE OF PRIDE AND BEAUTY FOR ITS RESIDENTS AND THE COMMUNITY AT LARGE, WHILE STILL PROVIDING ELDERLY CITIZENS WITH LOWER INCOMES THE ABILITY TO RESIDE HERE. 807019 true false false false false false false false true false true false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 15 0 3 true false false false false false false false false false false false false X 15 15 false true false false false false false true true false false true true true true true true true true false PA X HBS MANAGEMENT COMPANY 5703460759 425 ALDER STREET SCRANTON PA 18505 X SHEILA NUDELMAN ABDO DIRECTOR 3.00 X 0 0 0 DAVID ANDERSON DIRECTOR 3.00 X 0 0 0 DANIEL CECCACCI DIRECTOR 3.00 X 0 0 0 SUSAN CONNORS DIRECTOR 3.00 X 0 0 0 ANDREW HAILSTONE ESQ DIRECTOR 3.00 X 0 0 0 RICHARD BISHOP ESQ DIRECTOR 3.00 X 0 0 0 JERRY J WEINBERGER ESQUIRE DIRECTOR 3.00 X 0 0 0 RICHARD G FINE ESQUIRE VICE PRESIDE 5.00 X X 0 0 0 GAYLE GREENSTEIN DIRECTOR 3.00 X 0 0 0 MICHAEL GREENSTEIN PRESIDENT 10.00 X X 0 0 0 ELEANOR LIEBERMAN DIRECTOR 3.00 X 0 0 0 STUART POLLACK DIRECTOR 3.00 X 0 0 0 RABBI SAMUEL SANDHAUS SECRETARY TR 8.00 X X 0 0 0 MARGARET SHELDON DIRECTOR 3.00 X 0 0 0 SUSAN STADOLNY DIRECTOR 3.00 X 0 0 0 false false false 32045 32045 ELDERLY & LOW INCOME HOUSING 900099 857331 857331 LAUNDRY & VENDING REVENUE 900099 6693 6693 DAMAGE & CLEANING FEES 900099 5839 5839 869863 6989 6989 908897 869863 6989 159453 159453 27225 27225 12700 12700 62362 62362 9000 9000 3175 3175 23403 23403 259943 259943 1770 1770 11163 11163 156204 156204 80271 80271 RENTAL LICENSING FEES 350 350 807019 807019 0 0 35424 142139 493753 580146 14957 14104 5102 6026 30506 20929 4593894 3604156 1121003 989738 1700745 1753082 25230 32408 48615 48817 262047 205126 335892 286351 X 1364853 1466731 1364853 1466731 1700745 1753082 101878 X false true X true false X 31443 29821 35297 34462 32045 163068 727371 748793 749281 760917 869863 3856225 758814 778614 784578 795379 901908 4019293 4019293 766 659 647 5749 6989 14810 766 659 647 5749 6989 14810 759580 779273 785225 801128 908897 4034103 0.99630 0.99700 0.00000 0.00000 X false true X 120018 120018 3265149 2786020 479129 1092862 747743 345119 115865 70393 45472 989738 908897 908897 908897 807019 807019 807019 SCHEDULE D, PAGE 2, PART IV, LINE 2B WEBSTER TOWERS, INC. RECEIVES SECURITY DEPOSIT PAYMENTS FROM ITS TENANTS UPON THEIR MOVE INTO THE TOWERS BUILDING. THE ORGANIZATION HOLDS THESE DEPOSITS IN TRUST UNTIL A TENANT MOVES OUT OF THE BUILDING. AT THIS POINT, ALL DEPOSIT FUNDS ARE RETURNED BY THE ORGANIZATION TO THE TENANT, LESS ANY CHARGES FOR CLEANING OR REPAIRS. FORM 990 - ORGANIZATION'S MISSION WEBSTER'S MISSION AS A NOT-FOR-PROFIT ENTITY IS TO PROVIDE AFFORDABLE HOUSING FOR ELDERLY RESIDENTS OF THE GREATER SCRANTON AREA OF PENNSYLVANIA, THAT IS COMFORTABLE, CLEAN, MODERN, AND SAFE. THE ORGANIZATION FULFILLS ITS MISSION BY CONTINUALLY REINVESTING IN THE AESTHETIC AND PHYSICAL QUALITY OF ITS 85 RESIDENTIAL UNITS, WHILE CHARGING RENTS THAT ARE CONSISTENTLY LOWER THAN PREVAILING MARKET RENT RATES IN THE REGION, THUS MAKING THE UNITS AFFORDABLE FOR CURRENT AND POTENTIAL TENANTS WITH LOWER INCOMES. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS ENGAGE IN PROMOTING PHYSICAL, MENTAL, AND EMOTIONAL FITNESS TO THE ENTITY'S ELDERLY TENANTS THROUGH SEVERAL PROGRAMS. FORM 990, PAGE 6, PART VI, LINE 3 THE DAILY MANAGEMENT OF WEBSTER TOWERS, INC. IS ADMINISTERED BY HBS MANAGEMENT COMPANY, INC., WHO IS ALSO HEADQUARTERED IN SCRANTON, PA. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVEIEW, COMMENT, AND APPROVAL. THE BOARD MEMBERS APPROVE THE FORM 990 AT A QUARTERLY MEETING. FORM 990 IS THEN SUBMITTED ELECTRONICALLY TO THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C ALL MEMBERS OF THE BOARD OF DIRCTORS PREPARE AND SIGN A "CONFLICT OF INTEREST" REPORTING DOCUMENT EACH YEAR, IN WHICH THE MEMBERS DISCLOSE ANY CONFLICTS OF INTEREST THEY MIGHT HAVE WITH TENANTS, CUSOTMERS, VENDORS, OR OTHER DIRECTORS. THE OFFICERS REVIEW THE SIGNED "CONFLICT OF INTEREST" REPORTING DOCUMENTS EACH YEAR. FORM 990, PAGE 6, PART VI, LINE 15A HIRING AND SALARY DECISIONS ARE MADE BY HBS MANAGEMENT COMPANY, THE MANAGEMENT AGENT. HBS MANAGEMENT COMPANY INFORMS THE BOARD OF DIRECTORS OF ALL SIGNIFICANT PERSONNEL ISSUES AT QUARTERLY MEETINGS. FORM 990, PAGE 6, PART VI, LINE 15B HIRING AND SALARY DECISIONS ARE MADE BY HBS MANAGEMENT COMPANY, THE MANAGEMENT AGENT. HBS MANAGEMENT COMPANY INFORMS THE BOARD OF DIRECTORS OF ALL SIGNIFICANT PERSONNEL ISSUES AT QUARTERLY MEETINGS. FORM 990, PAGE 6, PART VI, LINE 19 A HARD COPY OF ALL GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.