2025-02-06T11:44:07-06:00 2024-06-30 161131146 BONADIO & CO LLP 6 WEMBLEY CT ALBANY NY 12205 990 2023-07-01 821262347 PURCHASE HOUSING CORPORATION II PURC 9142516045 735 ANDERSON HILL ROAD PURCHASE NY 10577 SARAH JAMES TREASURER 9142516045 2025-02-03 1 0 ARIEL F RUIZ P01346991 5184644080 2025-02-03 2023 2025-03-06 01:10:19Z SARAH JAMES 735 ANDERSON HILL ROAD PURCHASE NY 10577 3337581 0 X WWW.PURCHASE.EDU X 2018 NY TO SUPPORT THE PURPOSES OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK BY ACQUIRING, LEASING, CONSTRUCTING, RENOVATING, AND MAINTAINING RESIDENTIAL AND OTHER FACILITIES FOR THE USE OF THE STUDENTS AND FACULTY OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK. 5 5 0 7 0 0 0 0 3224859 3232277 4790 105304 27348 0 3256997 3337581 0 0 0 0 560234 492108 0 0 0 2842751 2797363 3402985 3289471 -145988 48110 31263947 30622996 30327943 29638882 936004 984114 TO SUPPORT THE PURPOSES OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK BY ACQUIRING, LEASING, CONSTRUCTING, RENOVATING, AND MAINTAINING RESIDENTIAL AND OTHER FACILITIES FOR THE USE OF THE STUDENTS AND FACULTY OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK. 0 0 3170223 3232277 THE CORPORATION CONSTRUCTED A 310 JUNIOR SUITE-STYLE HALL PROJECT ON APPROXIMATELY 4 ACRES OF LAND. THE BUILDING WAS OPENED IN AUGUST 2019. 3170223 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X SARAH JAMES 9142516045 735 ANDERSON HILL ROAD PURCHASE NY 10577 X DAVID FLEISHER PRESIDENT 1.00 1.00 X X 0 0 0 MICHAEL KOPAS SECRETARY 1.00 1.00 X X 0 0 0 MICHAEL FONSECA DIRECTOR 1.00 1.00 X 0 0 0 MICHELLE IFILL DIRECTOR 1.00 1.00 X 0 0 0 MILAGROS PENA DIRECTOR 1.00 1.00 X 0 0 0 PATRICIA BICE VICE PRESIDENT 1.00 1.00 X 0 0 0 WAYNE RUSH VICE PRESIDENT 1.00 1.00 X 0 0 0 SARAH JAMES TREASURER 2.50 2.50 X 0 0 0 0 0 0 0 0 0 0 0 ROOM RENTALS 531110 3232277 3232277 3232277 105304 105304 3337581 3232277 0 105304 492108 402945 89163 30085 30085 87901 87901 1184551 1184551 1182267 1182267 164937 164937 REPAIRS, MAINTENANCE AN 90779 90779 OTHER EXPENSES 40427 40427 BAD DEBT 16416 16416 3289471 3170223 119248 0 3707084 4249863 24820 23357 32036190 5686414 27532043 26349776 31263947 30622996 188374 159309 139400 30085084 29287448 54485 52725 30327943 29638882 X 936004 984114 936004 984114 31263947 30622996 48110 0 X X 0 1 X 1 0 X 350000 1370000 1720000 2638830 1484643 4018110 3224859 3232277 14598719 2988830 2854643 4018110 3224859 3232277 16318719 0 0 0 16318719 36238 455 41 4790 105304 146828 36238 455 41 4790 105304 146828 27348 27348 3025068 2855098 4018151 3256997 3337581 16492895 0.98940 0.99480 0.00890 0.00320 X 31930379 5584548 26345831 105811 101866 3945 26349776 DUE TO PURCHASE COLLEGE 51125 DUE TO RELATED PARTY 1600 52725 5412581 2075000 2075000 3337581 0 3337581 5364471 2075000 2075000 3289471 0 3289471 A WESTCHESTER COUNTY LOCAL DEVELOPMENT CORPORATION 455135576 95737TDV5 2017-12-14 33967139 TO FUND TO FUND THE CONSTRUCTION OF THE 310 BED RESIDENCE HALL 0 0 0 A 615000 33967139 633498 33330641 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION ("PHC II") HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH PURCHASE COLLEGE - SUNY. UNDER THIS AGREEMENT, PURCHASE COLLEGE - SUNY PROVIDES THE OPERATION, MAINTENANCE AND MANAGEMENT OF THE RESIDENCE HALL. THE SECRETARY OF THE CORPORATION RECEIVE NONE OF THEIR COMPENSATION FROM PHC II AND RECEIVE ALL OF THEIR COMPENSATION FROM PURCHASE COLLEGE - SUNY. THESE PERSONS SERVE IN SIMILAR ROLES FOR OTHER CAMPUS FOUNDATIONS AND RELATED ENTITIES, BUT THE COMPENSATION IS NOT SPECIFICALLY RELATED TO ANY SERVICE PERFORMED FOR THE BENEFIT OF PHC II OR TO ANY OTHER CAMPUS FOUNDATION OR RELATED ENTITY. THE TREASURER RECEIVES ALL OF HER COMPENSATION FROM PURCHASE COLLEGE - SUNY, HOWEVER, THE ENTIRETY OF THE TREASURER'S COMPENSATION IS REIMBURSED TO PURCHASE COLLEGE - SUNY FROM PURCHASE COLLEGE FOUNDATION HOUSING CORPORATION AND PHC II. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING FORM 990, IT IS PROVIDED ELECTRONICALLY TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR PERSONAL REVIEW AND QUESTIONING. SUBSEQUENTLY, AND PRIOR TO THE FILING OF THE 990, THE AUDIT COMMITTEE WILL CONDUCT A REVIEW OF ALL FORM 990S WITH THE AUDITORS AND TAX PREPARERS PRESENT AND PARTICIPATING WITH MANAGEMENT IN THE PRESENTATION OF THESE FILINGS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY PROVIDES FOR ANNUAL WRITTEN ACKNOWLEDGEMENT BY EACH TRUSTEE OR OFFICER THAT EACH HAS READ AND IS FAMILIAR WITH THE CONFLICT-OF-INTEREST POLICY AND AS TO WHETHER OR NOT THE TRUSTEE OR OFFICER HAS A CONFLICT OF INTEREST. IF A CONFLICT EXISTS, THE COMPLETE DETAILS OF THE CONFLICT ARE TO BE DESCRIBED IN WRITING AND SUBMITTED TO THE BOARD CHAIR OR TO THE PRESIDENT. THE BOARD CHAIR OR PRESIDENT SHALL REFER THE ISSUE TO THE EXECUTIVE COMMITTEE OR OTHER BOARD COMMITTEE (THE 'BODY') HAVING DECISION-MAKING AUTHORITY OVER THE SUBSTANTIVE MATTER IN QUESTION. THE TRUSTEE OR OFFICER WHO DISCLOSES A DIRECT OR INDIRECT FINANCIAL INTEREST IN A PROPOSED OR EXISTING CONTRACT, TRANSACTION OR ARRANGEMENT MAY MAKE A PRESENTATION AND RESPOND TO QUESTIONS BY THE BODY, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE CONTRACT, TRANSACTION, OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. EACH YEAR AT THE BOARD OF TRUSTEE'S ANNUAL MEETING, THE CONFLICT-OF-INTEREST POLICY IS DISTRIBUTED AND WRITTEN ACKNOWLEDGEMENTS ARE SUBMITTED. DURING THE COURSE OF THE YEAR, FINANCIAL RESULTS AND TRANSACTIONS ARE REVIEWED FOR REASONABLENESS AND APPROPRIATENESS, INCLUDING WITH REGARD TO ANY POTENTIAL FOR THERE BEING A CONFLICT. 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 BY POSTING IT ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 735 ANDERSON HILL ROAD, PURCHASE, NY 10577 FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. PURCHASE COLLEGE FOUNDATION 735 ANDERSON HILL ROAD PURCHASE NY 10577 237066616 PROMOTION AND SUPPORT OF EDUCATIONAL DEPARTMENTS AT SUNY NY 501(C)(3) LINE 5 N/A 0 PURCHASE COLLEGE FOUNDATION HOUSING CORPORATION 735 ANDERSON HILL ROAD PURCHASE NY 10577 134086734 RESIDENTIAL HOUSING FOR STUDENTS AND FACULTY NY 501(C)(3) LINE 10 N/A 0 PURCHASE COLLEGE ADVANCEMENT CORPORATION 735 ANDERSON HILL ROAD PURCHASE NY 10577 800432298 SENIOR LEARNING COMMUNITY NY 501(C)(3) LINE 10 0 PURCHASE SENIOR LEARNING COMMUNITY INC 735 ANDERSON HILL ROAD PURCHASE NY 10577 611816180 SENIOR LEARNING COMMUNITY NY 501(C)(3) PURCHASE COLLEGE ADVANCEMENT CORPORATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1