2025-08-15T12:06:56-05:00 2024-09-30 455495839 BNTHAKKAR CPA PC 80 WASHINGTON ST STE 400 POUGHKEEPSIE NY 12601 990 2023-10-01 311683859 VASSAR-WARNER HOME FOUNDATION INC VASS 8454543754 52 SOUTH HAMILTON STREET POUGHKEEPSIE NY 12601 WAYNE QUINT PRESIDENT 8454543754 2025-08-14 1 0 BHARAT THAKKAR CPA P00284457 8454711803 2025-08-14 2023 2025-03-06 01:10:19Z WAYNE QUINT 52 SOUTH HAMILTON STREET POUGHKEEPSIE NY 12601 443620 0 X WWW.VASSARWARNER.ORG X 1999 NY TO MANAGE THE INVESTMENTS OF THE VASSAR-WARNER HOME, A NOT-FOR-PROFIT ORGANIZATION TO PROVIDE ADULT CARE FACILITIES TO SENIOR MEN AND WOMEN. 3 3 0 0 0 0 0 0 0 0 -53106 7278 0 0 -53106 7278 472200 368000 0 0 0 0 0 0 0 0 0 472200 368000 -525306 -360722 581342 217722 0 0 581342 217722 TO MANAGE THE INVESTMENTS OF THE VASSAR-WARNER HOME, A NOT-FOR-PROFIT ORGANIZATION TO PROVIDE ADULT CARE FACILITIES TO SENIOR MEN AND WOMEN. 0 0 368000 368000 PROVIDE MONIES FOR THE OPERATION OF THE VASSAR-WARNER HOME. 368000 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X TAXPAYER 8454543754 52 SOUTH HAMILTON STREET POUGHKEEPSIE NY 12601 X WAYNE QUINT PRESIDENT 1.00 X X 0 0 0 GREG WHITE TRUSTEE 1.00 X 0 0 0 BRIAN ROBINSON TRUSTEE 1.00 X 0 0 0 BILL FRANCIS TERM ENDED AUG2024 TRUSTEE 1.00 X 0 0 0 KIM RYDER RESIGNED DEC2023 TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 972 972 442648 436342 6306 6306 6306 7278 0 0 7278 368000 368000 368000 368000 0 0 9028 67694 155168 417146 150028 581342 217722 0 0 X -613830 -977450 1195172 1195172 581342 217722 581342 217722 -360722 -1948 -950 0 X 0 1 X 1 0 X X 1 VASSAR-WARNER HOME 237334637 10 1 368000 0 1 368000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3 - ROLE OF SUPPORTED ORGANIZATIONS THE FOUNDATION'S SOLE MISSION IS TO MANAGE THE INVESTMENTS OF THE VASSAR-WARNER HOME, A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO PROVIDE ADULT CARE FACILITIES TO SENIOR MEN AND WOMEN. THE TRUSTEES OF THE FOUNDATION HAVE THE SOLE DISCRETION ON HOW SUCH INVESTMENTS WILL BE MANAGED. AS SUCH, THE FOUNDATION'S BOARD OF TRUSTEES MUST INCLUDE BOARD TRUSTEES OF THE VASSAR-WARNER HOME. FOR THE FILING YEAR ENDED, THE FOUNDATION'S BOARD COMPRISED OF FIVE BOARD TRUSTEES, OF WHICH ONE WAS A TRUSTEE OF THE VASSAR WARNER-HOME. THIS COMBINATION PROVIDED VASSAR-WARNER HOME WITH THE ABILITY TO HAVE A SIGNIFICANT VOICE IN THE FOUNDATION'S INVESTMENT POLICIES AND DIRECTION IN THE USE OF THE FOUNDATION'S INCOME AND/OR ASSETS. PART IV, SECTION E, LINE 2A - EXPLANATION OF SUPPORTED ORGANIZATIONS VASSAR-WARNER HOME IS THE SUPPORTED ORGANIZATION OF THE FOUNDATION. THE FOUNDATION HOLDS TITLE TO EXEMPT-USE ASSETS, I.E. INVESTMENTS, AND MANAGES SUCH ASSETS TO FURTHER THE EXEMPT PURPOSE OF THE VASSAR-WARNER HOME. DISTRIBUTIONS OF INCOME AND/OR PRINCIPAL ARE CARRIED OUT IN ACCORDANCE WITH ESTABLISHED DONOR RESTRICTIONS AND/OR BOARD RESTRICTIONS. REFER TO SCHEDULE I, "GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS, GOVERNMENTS, AND INDIVIDUALS IN THE UNITED STATES", PART IV OF THE FORM 990, FOR AN EXPLANATION OF THE DISTRIBUTION MONITORING PROCESS. PART IV, SECTION E, LINE 2B - EXPLANATION OF ORGANIZATION'S POSITION THE SOLE MISSION OF THE FOUNDATION IS TO MANAGE AND DISTRIBUTE THE EXEMPT PURPOSE ASSETS, I.E. SECURITIES/INVESTMENTS, WHICH WERE CONTRIBUTED TO THE VASSAR-WARNER HOME. THE PURPOSE OF SUCH SEGREGATION IS TO MAKE CERTAIN THE EXEMPT PURPOSE ASSETS ARE MANAGED AND DISTRIBUTED ACCORDING TO DONOR RESTRICTIONS. IF THE FOUNDATION DID NOT PERFORM SUCH FUNCTION, BY DEFAULT, THE VASSAR-WARNER HOME WOULD BE RESPONSIBLE FOR SUCH FUNCTION. 1195172 4380 4380 1195172 1195172 79729 79729 1195172 1583708 -136720 251816 1195172 1914084 268661 599037 1583708 2364332 59728 509976 1914084 1.00000 0 0 0 DUE FROM AFFILIATE 150028 150028 X PART V, LINE 4: TEMPORARILY RESTRICTED ENDOWMENT FUNDS ARE AVAILABLE FOR THE IMPROVEMENT OF THE QUALITY OF LIFE OF THE RESIDENTS OF THE VASSAR-WARNER HOME AND TO PROVIDE THE NONESSENTIALS FOR THOSE RESIDENTS. PERMANENTLY RESTRICTED ENDOWMENT FUNDS REPRESENT DONATIONS TO BE INVESTED IN PERPETUITY, THE INCOME FROM WHICH IS EXPENDABLE TO SUPPORT RESIDENT ACTIVITIES AND ANY ACTIVITIES OF THE VASSAR-WARNER HOME. PART X, LINE 2: THE HOME FILES AN ANNUAL FORM 990 AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, NO FEDERAL OR NEW YORK STATE TAXES ARE PAID BY THE HOME. THE HOME HAS BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509 (A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). THE HOME ADOPTED THE PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REGARDING ACCOUNTING FOR UNCERTAIN TAX POSITIONS. MANAGEMENT EVALUATED THE HOME'S TAX POSITIONS AND CONCLUDED THAT THE HOME HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS IN ORDER TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE HOME IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS PRIOR TO 2021. 1 VASSAR-WARNER HOME 52 SOUTH HAMILTON STREET POUGHKEEPSIE NY 12601 237334637 501C3 368000 0 SUPPORT 1 PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE FOUNDATION WAS ORGANIZED TO PRESERVE AND ASSIST FUNDING OF THE VASSAR-WARNER HOME. IN KEEPING WITH THAT INTENT, ANY INTEREST EARNED THROUGH THE FOUNDATION WILL BE TRANSFERRED TO THE VASSAR-WARNER HOME WHEN IT BECOMES AVAILABLE. THIS POLICY WILL BE REEVALUATED ON AN ANNUAL BASIS. IN ADDITION, FOR ANY MONIES SOUGHT OUTSIDE OF THE INTEREST TRANSFERRED, THERE IS A WRITTEN REQUEST FORM THAT THE EXECUTIVE DIRECTOR OF THE VASSAR-WARNER HOME SIGNS REQUESTING SPECIFIC FUNDS. THE PRESIDENT OF THE FOUNDATION SIGNS THE APPROVAL, AND THE FORM IS SUBMITTED TO THE PROFESSIONAL FUND MANAGER TO LIQUIDATE (IF NEEDED) AND/OR TRANSFER FUNDS. AT THE FOUNDATION MEETINGS, THE BOARD WILL ASK FOR A PROJECTION FROM VASSAR-WARNER HOME OF ANY ANTICIPATED NEEDS, AND THE BOARD WILL VOTE TO APPROVE OR DENY. IF APPROVED,THE BOARD WILL ASK THE PROFESSIONAL FUND MANAGER'S RECOMMENDATION AS TO MEETING THE NEED AND INSTRUCT THE PROFESSIONAL FUND MANAGER ON WHEN AND HOW TO MEET THE REQUEST. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FEDERAL FORM 990 WILL BE GIVEN TO EACH MEMBER OF THE GOVERNING BODY DURING THEIR BOARD MEETING. EACH MEMBER WILL HAVE THE OPPORTUNITY TO REVIEW THE FEDERAL FORM 990 AND VOTE ON ITS APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. IF A BOARD MEETING CANNOT BE CONVENED DUE TO TIME CONSTRAINTS, FORM 990 WILL BE REVIEWED AND APPROVED BY THE BOARD PRESIDENT PRIOR TO FILING AND SUBSEQUENTLY RATIFIED AT A DULY HELD MEETING OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C POLICY IS REVIEWED ANNUALLY AND DISCLOSURE EXPECTED EACH TIME CONFLICT OF INTEREST MAY BE PRESENT. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. VASSAR-WARNER HOME 52 SOUTH HAMILTON STREET POUGHKEEPSIE NY 12601 237334637 ADULT HOME NY 501C3 LINE 10 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0