2025-02-21T07:34:52-06:00 2024-09-30 161092347 MENGEL METZGER BARR & CO LLP 333 EAST WATER ST STE 200 ELMIRA NY 14901 990 2023-10-01 237314767 PARKWAY ELDERLY HOUSING DEVELOPMENT FUND CO INC PARK 6079375361 101 COLUMBIA STREET CORNING NY 14830 FREDERICK MALONEY PRESIDENT 6079375361 2025-01-30 1 1 KATHERINE E STICKLER CPA P00385238 6077344183 2025-01-30 2023 2025-03-06 01:10:19Z FREDERICK MALONEY 101 COLUMBIA STREET CORNING NY 14830 1949381 0 X N/A X 1973 NY TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY AND QUALIFIED HANDICAPPED INDIVIDUALS 9 9 0 9 0 0 101517 96700 1742748 1829427 5346 23254 0 0 1849611 1949381 0 0 0 0 309865 340351 0 0 0 1269698 1444416 1579563 1784767 270048 164614 3028112 3021164 789326 617764 2238786 2403400 TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY AND QUALIFIED HANDICAPPED INDIVIDUALS. 0 0 909519 1014821 DAYSPRING I IS A ONE HUNDRED TEN UNIT APARTMENT COMPLEX LOCATED IN CORNING, NEW YORK, ESTABLISHED TO PROVIDE DECENT, SANITARY HOUSING FOR ELDERLY AND QUALIFIED DISABLED RESIDENTS. IT IS FEDERALLY SUBSIDIZED BY THE INSURANCE OF ITS MORTGAGE LOAN UNDER SECTION 231 OF THE FEDERAL HOUSING ACT, AND AN INTEREST SUBSIDY FROM HUD. IT IS ALSO SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENT AGREEMENTS AND A SIGNIFICANT PORTION OF THE RENTAL REVENUE IS RECEIVED FROM HUD. 725620 814606 DAYSPRING II IS A ONE HUNDRED EIGHT UNIT APARTMENT COMPLEX LOCATED IN CORNING, NEW YORK, ESTABLISHED TO PROVIDE DECENT, SANITARY HOUSING FOR ELDERLY HANDICAPPED OR DISABLED RESIDENTS. IT IS A FEDERALLY SUBSIDIZED SECTION 515 PROJECT WITH A RURAL RENTAL ASSISTANCE PROGRAM UNDER THE SUPERVISION OF THE RURAL ECONOMIC AND COMMUNITY DEVELOPMENT, A DIVISION OF USDA. 59716 SERVICE COORDINATOR PROVIDING ASSISTANCE TO THE ELDERLY AND DISABLED RESIDENTS WITH SELECTING AND COMMUNICATING SUPPORTIVE AND MEDICAL SERVICES IN THE COMMUNITY SO THEY MAY CONTINUE LIVING INDEPENDENTLY. 1694855 1 1 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 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 NY X EDC MANAGEMENT INC 6079375361 101 COLUMBIA STREET CORNING NY 14830 X FREDERICK MALONEY PRESIDENT 4.00 X X 0 0 0 CHRISTOPHER DESSO VICE PRESIDENT 4.00 X X 0 0 0 BLAKE MANUEL SECRETARY 4.00 X X 0 0 0 ROBERT AVVAMPATO TREASURER 4.00 X X 0 0 0 BARRY NICHOLSON DIRECTOR 2.00 X 0 0 0 JOANN CAYLYLE DIRECTOR 2.00 X 0 0 0 CHRISTINA LOSEY DIRECTOR 2.00 X 0 0 0 STEPHEN CASTNERS DIRECTOR 2.00 X 0 0 0 BRITTEN HOYLE DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 EDC MANAGEMENT INC 101 COLUMBIA STREET CORNING NY 14830 MANAGEMENT FEE 159902 1 96700 96700 TENANT RENTAL INCOME 531110 917000 917000 TENANT ASSISTANCE 531110 888981 888981 MISCELLANEOUS INCOME 531390 17996 17996 COMMERCIAL RENTS 532000 5450 5450 1829427 23254 23254 1949381 1829427 0 23254 279019 279019 39749 39749 21583 21583 159902 143912 15990 2754 2754 16000 16000 70916 59716 11200 1223 1223 31919 31919 589927 589927 131580 131580 OPERATING AND MAINTENAN 429369 429369 MISCELLANEOUS 10826 10826 1784767 1694855 89912 0 542831 447663 19676 49854 82772 82420 9018801 7993616 1113349 1025185 1269484 1416042 3028112 3021164 83932 86364 18626 5426 506408 421024 180360 104950 789326 617764 X 2238786 2403400 2238786 2403400 3028112 3021164 164614 0 X X 0 1 X 1 1 1 X 111230 110094 100417 101517 96700 519958 1487317 1515141 1668847 1742748 1829427 8243480 1598547 1625235 1769264 1844265 1926127 8763438 0 0 0 8763438 6523 3373 2979 5346 23254 41475 6523 3373 2979 5346 23254 41475 1605070 1628608 1772243 1849611 1949381 8804913 0.99530 0.99680 0.00470 0.00320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 91885 91885 8154339 7230161 924178 135803 132719 3084 636774 630736 6038 1025185 TENANT SECURITY DEPOSITS 81691 RESTRICTED DEPOSITS AND RESERVES 1334351 1416042 ACCRUED CITY SERVICES 23259 TENANT SECURITY DEPOSITS 81691 104950 X 1949381 0 1949381 0 1949381 1784767 0 1784767 0 1784767 PART X, LINE 2: PARKWAY ELDERLY HOUSING DEVELOPMENT FUND CO., INC. IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE STATE REGULATIONS. THE COMPANY FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE AND IS SUBJECT TO POTENTIAL EXAMINATION BY TAX AUTHORITIES. THE COMPANY'S CURRENT AND PRIOR THREE YEARS TAX RETURNS REMAIN SUBJECT TO REVIEW BY TAXING AUTHORITIES. MANAGEMENT OF THE COMPANY BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FORM 990, PART VI, SECTION A, LINE 3 EDC MANAGEMENT INC. IS THE MANAGING AGENT OF THE ORGANIZATION. PURSUANT TO MANAGEMENT AGREEMENTS, THE ORGANIZATION PAYS EDC MANAGEMENT INC. A MONTHLY MANAGEMENT FEE OF A CERTAIN PERCENTAGE OF GROSS COLLECTIONS. IN ADDITION, THE ORGANZIATION PAYS EDC MANAGEMENT INC. FOR GENERAL CONTRACTING SERVICES. FORM 990, PART VI, SECTION B, LINE 11B AT A REGULARLY SCHEDULED BOARD MEETING, THE FORM 990 IS REVIEWED, WITH RESOLUTION, AND AUTHORIZES THE BOARD PRESIDENT TO SIGN AND FILE THE FROM 990. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C THE FULL BOARD PROVIDES OVERSIGHT OF THE AUDIT AND SELECTION OF AUDITORS. FORM 990, PART V, LINE 2A AND PART VI, SECTION B, LINE 15: THE ORGANIZATION DOES NOT HAVE EMPLOYEES OF ITS OWN AND DOES NOT FILE ANY W-2S. SALARIES AND RELATED COSTS ARE INCLUDED IN PART IX EVEN THOUGH PART V ITEM 2A INDICATES ZERO EMPLOYEES. INDIVIDUALS WORKING WITH THE ORGANIZATION ARE PAID BY EDC MANAGEMENT INC., THE MANAGING AGENT OF THE ORGANIZATION. EDC MANAGEMENT CHARGES THE ORGANIZATION FOR THE APPLICABLE PAYROLL AND BENEFITS OF THOSE INDIVIDUALS AND THE ORGANIZATION HAS REPORTED THESE AMOUNTS IN PART IX LINES 7-10.