2026-03-13T10:30:16+00:00 2025-04-30 440160260 Forvis Mazars LLP 255 South Orange Avenue Suite 600 Orlando FL 32801 990 2024-05-01 591760028 Kinneret II Inc KINN 4074254537 3900 NEPTUNE DRIVE ORLANDO FL 32804 RHONDA PEARLMAN CHAIRMAN 4074254537 2026-03-13 true true Peter Gubler P00190185 4077405400 2026-03-09 2024 2025-03-06 01:10:19Z KINNERET APARTMENTS RHONDA PEARLMAN 3900 NEPTUNE DRIVE ORLANDO FL 32804 410814 false X WWW.KINNERETCOUNCIL.ORG X 1977 FL KINNERET, INC. AND KINNERET II, INC. (COLLECTIVELY "KINNERET") ARE NOT-FOR-PROFIT CORPORATIONS ORIGINALLY ORGANIZED FOR THE PURPOSE OF PROVIDING HOUSING AND SERVICES TO ELDERLY AND DISABLED MEMBERS OF THE GREATER ORLANDO JEWISH COMMUNITY, WHO HAVE LOW OR MODERATE INCOMES, AND PROVIDING PROGRAMS AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS. 11 11 0 11 0 0 0 362846 410814 75420 0 438266 410814 50000 22494852 0 0 0 0 91117 911761 141117 23406613 297149 -22995799 30719911 8575116 13298 600 30706613 8574516 KINNERET, INC. AND KINNERET II, INC. (COLLECTIVELY "KINNERET") ARE NOT-FOR-PROFIT CORPORATIONS ORIGINALLY ORGANIZED FOR THE PURPOSE OF PROVIDING HOUSING AND SERVICES TO ELDERLY AND DISABLED MEMBERS OF THE GREATER ORLANDO JEWISH COMMUNITY, WHO HAVE LOW OR MODERATE INCOMES, AND PROVIDING PROGRAMS AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS. IN CONNECTION WITH ITS MISSIONS, KINNERET PREVIOUSLY OPERATED TWO ADJACENT APARTMENT BUILDINGS. ON SEPTEMBER 23, 2022, KINNERET SOLD THEIR APARTMENT BUILDINGS AND ASSOCIATED REAL AND PERSONAL PROPERTY LOCATED IN ORLANDO, FLORIDA TO AN UNRELATED BUYER AND DISCONTINUED OPERATING THE APARTMENT BUILDINGS. THE COMBINED SALE PRICE WAS APPROXIMATELY $57,700,000. THE GAIN ON THE SALE WAS APPROXIMATELY $51,900,000. AS A CONDITION OF THE SALE AGREEMENT, THE BUYER IS REQUIRED TO MAINTAIN THE RELATED PROPERTIES AS LOW-INCOME HOUSING FOR A PERIOD OF TEN (10) YEARS FOLLOWING THE DATE OF SALE. false false 23297522 22494852 0 THE DIRECTORS OF KINNERET, INC. AND KINNERET II, INC. ARE CURRENTLY INVOLVED IN THE DEVELOPMENT OF NEW PLANS ON HOW TO BEST USE THEIR RESOURCES TO SERVE THE NEEDS OF THE GREATER ORLANDO JEWISH COMMUNITY. 23297522 true false false false false false false false false false false false false false false true false true false false false false false false false false false true false false false false false false false false false false false false false false false false false true false false false false true 0 0 0 false false false false false false false false false false false false X 11 11 true true false false true true true true true false false false true true true true true true true true false false X SHALOM ORLANDO 4076455933 851 N MAITLAND AVE MAITLAND FL 32751 X EMILY RAJI SECRETARY 1.0 2.0 X X 0 0 0 GEANNE SHARE TREASURER 1.0 2.0 X X 0 0 0 MOLLIE SAVAGE VICE PRESIDENT 1.0 1.5 X X 0 0 0 NEAL BLAHER PRESIDENT 2.0 4.0 X X 0 0 0 SUSAN GODOROV EXECUTIVE DIRECTOR 1.0 1.0 X X 0 0 0 ALISON POLEJES DIRECTOR EMERITUS (NON-VOTING) 1.0 1.5 X 0 0 0 BARI HOFFMAN DIRECTOR 1.0 1.5 X 0 0 0 CAROL FEUERMAN DIRECTOR 1.0 1.5 X 0 0 0 DICK APPELBAUM DIRECTOR 1.0 1.5 X 0 0 0 JACQUI MCGRAIL DIRECTOR 1.0 1.0 X 0 0 0 MINDY SHAMS DIRECTOR 1.0 1.5 X 0 0 0 NOREEN LEVITT DIRECTOR 1.0 1.5 X 0 0 0 0 0 0 0 false false false 0 0 0 0 0 0 0 410814 410814 0 0 0 0 0 0 0 0 0 410814 0 0 410814 22494852 22494852 20556 20556 22957 22957 12250 12250 28264 28264 36058 22955 13103 0 3203 3203 30973 22215 8758 PROGRAM EXPENSE 757500 757500 0 0 0 0 23406613 23297522 109091 0 348701 218468 0 0 0 0 0 0 0 0 30371210 8356648 0 0 0 0 30719911 8575116 13298 600 0 0 0 0 13298 600 X 30706613 8574516 30706613 8574516 30719911 8575116 -22995799 863702 0 X false true true false X 0 1433711 1467186 611032 3511929 0 0 0 1433711 1467186 611032 0 0 3511929 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3511929 201 3068 399120 362846 410814 1176049 0 201 3068 399120 362846 410814 1176049 0 145606 883 0 75420 0 221909 1579518 1471137 1010152 438266 410814 4909887 0.71528 0.82989 0.24 0.1307 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - MISCELLANEOUS REVENUE, COLUMN A - 145606.0, COLUMN B - 883.0, COLUMN C - , COLUMN D - 75420.0, COLUMN E - , COLUMN F - 221909.0; 0 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote KINNERET, INC. AND KINNERET II, INC. ARE ORGANIZED AS NOT-FOR-PROFIT CORPORATIONS UNDER THE LAWS OF THE STATE OF FLORIDA AND HAVE BEEN GRANTED RECOGNITION OF THEIR RESPECTIVE TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME EARNED IN FURTHERANCE OF THEIR TAX-EXEMPT PURPOSES IS EXEMPT FROM FEDERAL INCOME TAXES. THEY ARE ALSO EXEMPT FROM STATE INCOME TAX PURSUANT TO FLORIDA LAW. FURTHER, KINNERET, INC. AND KINNERET II, INC. ARE NOT PRIVATE FOUNDATIONS FOR FEDERAL TAX PURPOSES AND THEY BOTH QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTION 170 AS WELL AS TAX DEDUCTIBLE BEQUESTS, DEVISES, TRANSFERS, OR GIFTS UNDER SECTION 2055, 2106, OR 2522. THEY ARE EACH ANNUALLY REQUIRED TO FILE A RETURN OF FOUNDATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE INTERNAL REVENUE SERVICE. THEY ARE POTENTIALLY SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES, IF ANY. THEIR SALE OF THEIR APARTMENT BUILDINGS IS CONSIDERED AN EXEMPT PURPOSE ACTIVITY AND THE RESULTING GAIN FROM THE SALE IS NOT TAXABLE. NEITHER KINNERET, INC. OR KINNERET II, INC. HAD UNRELATED BUSINESS INCOME DURING THE YEAR ENDED APRIL 30, 2025. CONSEQUENTLY, THESE COMBINED FINANCIAL STATEMENTS INCLUDE NO PROVISION OR LIABILITY FOR INCOME TAXES. true SEFIROT FOUNDATION INC 3900 NEPTUNE DRIVE ORLANDO FL 32804 993311604 501(C)(3) 22494852 SERVING THE NEEDS OF THE GREATER ORLANDO JEWISH COMMUNITY 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS THROUGH OVERLAP OF MANAGEMENT PERSONNEL BETWEEN THE FILING ORGANIZATION AND THE RECIPIENT ORGANIZATION. Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, IN CONNECTION WITH THE BUDGETARY APPROVAL BY HUD OF THE BUDGET, OBTAINS COMPETITIVE SALARY INFORMATION AND ESTABLISHES A COMPENSATION MATRIX APPLICABLE TO ALL ORGANIZATION EMPLOYEES. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons DICK APPELBAUM & ALISON POLEJES - Family relationship Form 990, Part VI, Line 3 Delegation of management duties THE ORGANIZATION DELEGATES ITS FINANCIAL REPORTING AND COMPLIANCE FUNCTIONS TO A MANAGEMENT COMPANY. THROUGH THE DATE OF THE SALE OF PROPERTIES IN OCTOBER OF 2023, CARTERET MANAGEMENT CORPORATION ("CARTERET") WAS THE MANAGING AGENT FOR KINNERET. THE MANAGEMENT AGREEMENT PROVIDES, AMONG OTHER THINGS, FOR A MANAGEMENT FEE OF APPROXIMATELY FIVE PERCENT OF GROSS COLLECTIONS. IN ADDITION TO THE MANAGEMENT FEE, CARTERET RECEIVES A BOOKKEEPING FEE OF $3 PER APARTMENT UNIT PER MONTH. AFTER OCTOBER OF 2023, THE ORGANIZATION BEGAN TO DELEGATE ITS FINANCIAL AND COMPLIANCE FUNCTIONS TO SHALOM MANAGEMENT, LLC ("SHALOM"). THIS MANAGEMENT AGREEMENT PROVIDES BOOKKEEPING SERVICES ONLY. Form 990, Part VI, Line 6 Classes of members or stockholders THE MEMBERS OF THE CORPORATION (HEREINAFTER, EACH REFERRED TO AS A "MEMBER") SHALL BE THE CORPORATION'S PRESIDENT, VICE PRESIDENT(S), SECRETARY, AND TREASURER WHO HAVE BEEN ELECTED TO SERVE AND ARE SERVING AS SUCH FOR THE THEN-CURRENT YEAR. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD, BY RESOLUTION ADOPTED BY A MAJORITY OF THE ENTIRE BOARD, MAY APPOINT ONE OR MORE OTHER INDIVIDUALS TO SERVE AS MEMBERS FOR ANNUAL ONE (1) YEAR TERMS, WHICH TERM MAY BE RENEWED ON A CONSECUTIVE BASIS. THE BOARD MAY DECLINE TO RENEW THE MEMBERSHIP OF A MEMBER FOR ANY REASON. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders APPROVAL OF GOVERNANCE DECISIONS IS RESERVED FOR AND SUBJECT TO THE APPROVAL OF THE ORGANIZATION'S MEMBERS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE BOARD OF DIRECTORS IDENTIFIES A FINANCIALLY SOPHISTICATED DESIGNEE DIRECTOR TO REVIEW FORM 990 WITH OUR TAX PREPARER/CPA. Form 990, Part VI, Line 12c Conflict of interest policy THE BOARD OF DIRECTORS OVERSEES THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. THERE IS AT LEAST ANNUALLY A REQUIREMENT FOR EACH BOARD MEMBER TO DISCLOSE ANY CONFLICTS TO THE REST OF THE BOARD. A CONFLICTED DIRECTOR IS RECUSED FROM VOTING ON MATTERS RELATED TO THEIR CONFLICT. Form 990, Part VI, Line 19 Required documents available to the public ALL POLICIES, COPIES OF FORM 990, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST TO THE PRESIDENT OF THE BOARD OF DIRECTORS. KINNERET INC 515 S DELANEY AVENUE Orlando FL 32801 591760028 HOUSING FL 501(c)(3) 11 NA false KINNERET COUNCIL ON AGING INC 515 S DELANEY AVENUE Orlando FL 32801 593408517 SERVICES FOR RESIDENTS OF LOW-INCOME ELDERLY APARTMENT COMPLEX FL 501(c)(3) 11 NA false SEFIROT FOUNDATION INC 480 N ORLANDO AVE STE 236 ORLANDO FL 32789 993311604 SERVICES FOR ELDERLY RESIDENTS OF CENTRAL FLORIDA FL 501(c)(3) PF NA false false false false false false false false false false false false false false true true true false false false