2025-08-12T09:56:09-04:00 2024-12-31 474753799 THE ZLC GROUP CPAS LLC 2399 SWEET HOME RD AMHERST NY 14228 990 2024-01-01 161571080 LEWISTON ITC ELDERLY HOUSING DEVELOPMENT FUND CORPORATION LEWI 7162984966 916 UPPER MOUNTAIN ROAD LEWISTON NY 14092 NANCY JOSEPH PRESIDENT 7162984966 2025-08-11 true true RICHARD M TEIBEL CPA P00806183 7168399001 2025-08-11 X 2024 2025-03-06 01:10:19Z NANCY JOSEPH 916 UPPER MOUNTAIN ROAD LEWISTON NY 14092 158001 false X SAGEMANAGEMENTCORP.COM X 1999 NY PROVISION OF A 24 UNIT HOUSING COMPLEX FOR LOW INCOME ELDERLY PEOPLE. 7 7 0 0 0 148562 156679 1511 1322 0 150073 158001 0 0 0 0 0 176636 181586 176636 181586 -26563 -23585 962733 926029 1816443 1803324 -853710 -877295 PROVISION OF A 24 UNIT HOUSING COMPLEX FOR LOW INCOME ELDERLY PEOPLE. false false 179348 156679 PROVISION OF A 24 UNIT HOUSING COMPLEX FOR LOW INCOME ELDERLY PEOPLE OPERATING UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). 179348 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false true false true false false false false false true false false false true 2 0 true 0 false false false false false false false false false false false false false false X 7 7 false true false false true true true true true false false false true true true false true true true false NY X NANCY JOSEPH 7162984966 916 UPPER MOUNTAIN ROAD LEWISTON NY 14092 DIANE STEIN VP/SECT/TREA 0.10 0.10 X X 0 0 0 ANMARIE ANDRESEN DIRECTOR 0.10 0.10 X 0 0 0 DONNA TOMKINS DIRECTOR 0.10 0.10 X 0 0 0 WILLIAM CORREA DIRECTOR 0.10 0.10 X 0 0 0 MELISA GREEN DIRECTOR 0.10 0.10 X 0 0 0 NANCY JOSEPH PRESIDENT 3.00 22.00 X X 0 38264 0 CARMEN J PINO DIRECTOR 0.10 0.10 X 0 0 0 38264 false false false TENANT RENT 103918 103918 HUD RENTAL SUBSIDY 51666 51666 LAUNDRY REVENUE 1095 1095 156679 1322 1322 158001 158001 20084 20084 10250 9200 1050 471 471 2704 2704 51612 51612 10288 9125 1163 REPAIRS AND MAINTENANCE 45159 45159 ALLOC. PAYROLL/BENE/TAXES 28287 28287 UTILITIES 10045 10045 REAL ESTATE TAXES 2631 2631 55 30 25 181586 179348 2238 0 2007 55147 75987 56342 30929 1968336 1151230 851244 817106 962733 926029 18901 6044 1788600 1788600 8942 8680 1816443 1803324 X -853710 -877295 -853710 -877295 962733 926029 -23585 X false true X false true true X 116449 128514 137805 150073 158001 690842 116449 128514 137805 150073 158001 690842 690842 116449 128514 137805 150073 158001 690842 1.00000 1.00000 0.00000 0.00000 X 20000 20000 1767723 1062718 705005 92857 51849 41008 20000 20000 67756 16663 51093 817106 TENANT SECURITY DEPOSITS 8680 8680 X 158001 158001 158001 181586 181586 181586 SCHEDULE D, PAGE 3, PART X INCOME TAXES - THE PROJECT IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER IRC 501(C)(3) AND AS SUCH IS NOT REQUIRED TO PAY INCOME TAXES. FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (FASB ASC) 740-10-50-15, INCOME TAXES, CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN A NOT-FOR-PROFIT CORPORATION FINANCIAL STATEMENT, AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN. THE PROJECT HAS CONCLUDED THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024. GENERALLY, 2021 THROUGH 2024 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY U.S. FEDERAL AND NEW YORK STATE TAX AUTHORITIES. SAGE MANAGEMENT CORP SEE SCH. R 20084 MANAGEMENT FEES false SAGE MANAGEMENT CORP SEE SCH. R 28287 ALLOC. PAYROLL/TAX false FORM 990 ALL ENTITIES LISTED ON SCHEDULE R PARTS II-IV ARE UNDER THE MANAGEMENT UMBRELLA OF SAGE MANAGEMENT CORPORATION. FORM 990, PAGE 6, PART VI, LINE 3 THE ENTITY DELEGATES ALL MANAGEMENT RESPONSIBILITIES TO SAGE MANAGEMENT CORPORATION (SAGE). FORM 990, PAGE 6, PART VI, LINE 6 THE ENTITY IS ORGANIZED WITH MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A SHOULD A MEMBER OF THE CORPORATE BOARD RESIGN OR VACATE OFFICE, THE REMAIN ING CORPORATE BOARD MEMBERS HAVE THE AUTHORITY TO APPOINT A REPLACEMENT. FORM 990, PAGE 6, PART VI, LINE 7B ALL DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO THE APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 AND ALL SUPPORTING SCHEDULES ARE REVIEWED BY THE PRESIDENT, NANCY JOSEPH BEFORE THE FORM IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C MEMBERS ARE REQURIED TO DISCLOSE ANY CONFLICT OF INTEREST UPON DISCOVERY. THIS IS REVIEWED AT THE ANNUAL MEETING OF THE DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A ALL COMPENSATION IS REVIEWED BY HUD EMPLOYEES AS PART OF ANNUAL BUDGET APP ROVAL. FORM 990, PAGE 6, PART VI, LINE 15B THE ENTITY DID NOT COMPENSATE ANY EMPLOYEE, OFFICER, OR DIRECTOR AND DOES NOT PLAN TO COMPENSATE THEM IN THE FUTURE. AS REPORTED ON FORM 990 PAGE 10 PART IX LINE 24A A TOTAL OF 38,000 IN PAYROLL AND RELATED TAXES AND BENEFITS THAT WERE PAID BY SAGE MANAGEMENT CORPORATION WAS ALLOCATED TO THIS ENTITY. FORM 990, PAGE 6, PART VI, LINE 19 THE ENTITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCI AL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. LEW MEAD ELD HOUS FEV FUND COR 922 UPPER MOUNTAIN ROAD LEWISTON NY 14092 260293748 LOW INCOME NY 501C 10 NA N/A false IOTA TAU CHI CORPORATION 922 UPPER MOUNTAIN ROAD LEWISTON NY 14092 222527588 MANAGEMENT NY 501C 10 NA N/A false LEWISTON LIMITED PARTNERSHIP 922 UPPER MOUNTAIN ROAD LEWISTON NY 14092 161349932 LOW INCOME NY N/A false false MIDDLEPORT ITC ELDERLY HOUSING 922 UPPER MOUNTAIN ROAD LEWISTON NY 14092 161265235 LOW INCOME NY N/A false false MIDDLEPORT LIMITED PARTNERSHIP 922 UPPER MOUNTAIN ROAD LEWISTON NY 14092 161338763 LOW INCOME NY N/A false false WILSON ITC ELDERLY HOUSING ASSOC 922 UPPER MOUNTAIN ROAD LEWISTON NY 14092 161304585 LOW INCOME NY N/A false false WILSON APARTMENTS PARTNERSHIP LP 922 UPPER MOUNTAIN RD LEWISTON NY 14092 161561206 LOW INCOME NY N/A false false SAGE MANAGEMENT CORPORATION 922 UPPER MOUNTAIN ROAD LEWISTON NY 14092 161303359 MANAGEMENT NY S CORPORAT false ITC HOUSING SERVICES INC 922 UPPER MOUNTAIN ROAD LEWISTON NY 14092 166289771 MANAGEMENT NY C CORPORAT false false false false false false false false false false false false false true true true true false false false SCHEDULE R LEWISTON LIMITED PARTNERSHIP 16-1349932 922 UPPER MOUNTAIN ROAD, LEWISTON, NY 14092 MIDDLEPORT ITC ELDERLY HOUSING 16-1265235 922 UPPER MOUNTAIN ROAD, LEWISTON, NY 14092 MIDDLEPORT LIMITED PARTNERSHIP 16-1338763 922 UPPER MOUNTAIN ROAD, LEWISTON, NY 14092 WILSON ITC ELDERLY HOUSING ASSOC. 16-1304585 922 UPPER MOUNTAIN ROAD, LEWISTON, NY 14092 WILSON APARTMENTS PARTNERSHIP, L.P. 16-1561206 922 UPPER MOUNTAIN ROAD, LEWISTON, NY 14092 ALL ENTITIES LISTED ON SCHEDULE R PARTS II-IV ARE UNDER THE MANAGEMENT UMBRELLA OF SAGE MANAGEMENT CORPORATION WHICH IS 100% OWNED AND MANAGED BY IRENE ELIA, A NON-VOTING MEMBER OF THE BOARD OF DIRECTORS OF THIS ENTITY.