2025-02-05T09:49:30-06:00 2024-03-31 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2023-04-01 222806500 ACADEMY ARMS HOUSING DEVELOPMENT FUND COMPANY INC ACAD 6074320170 2 MITCHELL STREET ONEONTA NY 138202343 JEFFREY HOUSE PRESIDENT 6074320170 2025-02-03 1 0 DAVID A URBAN CPA P00630018 7166340700 2025-02-03 2023 2025-03-06 01:10:19Z JEFFREY HOUSE 2 MITCHELL STREET ONEONTA NY 138202343 264676 0 X N/A X 1978 NY TWENTY-EIGHT UNIT PROGRAM PROVIDING RESIDENCY FOR THE ELDERLY AND DISABLED. 3 3 0 0 0 0 0 0 249203 235490 39 58 2844 29128 252086 264676 0 0 0 0 52763 57909 0 0 0 214500 201074 267263 258983 -15177 5693 446693 432531 983832 963977 -537139 -531446 TWENTY-EIGHT UNIT PROGRAM PROVIDING RESIDENCY FOR THE ELDERLY AND DISABLED. 0 0 200996 235490 PROVIDE HOUSING FOR ELDERLY AND DISABLED. 200996 1 0 0 0 0 0 0 0 0 0 1 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 0 1 0 0 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 0 0 0 1 1 0 1 0 1 0 0 0 NY X KURT D SCHULTE 6074320170 C/O ONEONTA HOUSING AUTHORITY 2 ONEONTA NY 13820 X JEFFREY HOUSE PRESIDENT 1.00 X X 0 0 0 KERMIT WEAVER VICE PRESIDENT 1.00 X X 0 0 0 RICHARD MILLER SECRETARY/TREASURER 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 TENANT ASSISTANCE PAYM 531110 130559 130559 RENTAL INCOME 531110 104931 104931 235490 58 58 MISCELLANEOUS 900099 25453 25453 LAUNDRY & VENDING REVE 531390 2411 2411 TENANT CHARGES 531390 1264 1264 29128 264676 235490 0 29186 X 37075 12771 24304 18248 11962 6286 2586 1695 891 12593 12593 2280 2280 31847 29207 2640 489 489 7645 7645 14423 14423 97 97 35906 35906 46315 46315 12716 12716 MISCELLANEOUS 9078 9068 10 REAL ESTATE TAXES 9055 9055 SUPPLIES 7773 7773 MORTGAGE INSURANCE PREM 5763 5763 5094 4342 752 258983 200996 57987 0 50 50 37181 61124 1880 25338 3939 4633 13646 12984 1533065 1394282 185098 138783 204899 189619 446693 432531 36436 40112 600 506 935714 914963 11082 8396 983832 963977 X -537139 -531446 -537139 -531446 446693 432531 5693 0 X X 0 1 X 1 1 1 X 193881 205014 243961 249203 235490 1127549 193881 205014 243961 249203 235490 1127549 0 0 0 1127549 53 32 33 39 58 215 53 32 33 39 58 215 2187 3519 2699 2844 29128 40377 196121 208565 246693 252086 264676 1168141 0.96530 0.98660 0.00020 0.00020 X 41053 41053 1424859 1334935 89924 51359 43553 7806 15794 15794 0 138783 RESERVE FOR REPLACEMENTS 72808 RESIDUAL RECEIPTS 93443 TAX AND INSURANCE ESCROW 14972 TENANTS' SECURITY DEPOSITS 8396 189619 TENANTS' SECURITY DEPOSITS 8396 8396 X 264676 0 264676 0 264676 258983 0 258983 0 258983 PART X, LINE 2: THE COMPANY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE); THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE COMPANY HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE COMPANY PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITION BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE COMPANY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE COMPANY ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. FORM 990, PART VI, SECTION A, LINE 3 RENTAL AND HOUSING MANAGEMENT DUTIES HAVE BEEN DELEGATED TO ONEONTA HOUSING AUTHORITY. THE AUTHORITY HANDLES ALL MANAGEMENT ACTIVITIES INCLUDING MARKETING OF RENTAL UNITS, COLLECTION OF RENTS, ENFORCEMENT OF LEASES, MAINTENANCE, RECORDKEEPING, ETC. AS PER THE MANAGEMENT AGREEMENT. SERVICES ARE PERFORMED BY EMPLOYEES OF ONEONTA HOUSING AUTHORITY AND ALL WAGES, BENEFITS AND PAYROLL TAXES REPORTED BY THE ORGANIZATION ARE REIMBURSEMENTS TO THE AUTHORITY. FORM 990, PART VI, SECTION A, LINE 8B ACADEMY ARMS DOES NOT HAVE ANY COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B EXECUTIVE DIRECTOR OF MANAGING AGENT PROVIDES NUMBERS TO THE FEE ACCOUNTANT WHO REPORTS TO THE AUDITOR. AUDITOR GENERATES THE FORM 990 AND PROVIDES IT TO THE EXECUTIVE DIRECTOR FOR REVIEW AND FILING. FORM 990, PART VI, SECTION B, LINE 12C FOLLOW THE POLICIES OF THE MANAGING AGENT INCLUDING PERSONNEL POLICY (NEPOTISM AND PROCUREMENT POLICY). FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G AUDIT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,640. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,640. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 29,207. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,207. FORM 990, PART XII, LINE 2C: NO CHANGES HAVE TAKEN PLACE DURING THE YEAR ENDED MARCH 31, 2024. ONEONTA HOUSING AUTHORITY 2 MITCHELL STREET ONEONTA NY 13820 160955151 HOUSING NY 501(C)(3) LINE 6 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0