2024-04-15T12:36:09-05:00 2023-09-30 873231666 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2022-10-01 135563411 THE WEBSTER APARTMENTS WEBS 2129679000 PO BOX 120 CONGERS NY 10920 SIOBHAN MCMANUS EXECUTIVE DIRECTOR 2129679000 2024-04-15 1 SIOBHAN MCMANUS XXX-XX-XXXX 0 GARRETT M HIGGINS P00543209 2122862600 2024-03-28 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SIOBHAN MCMANUS PO BOX 120 CONGERS NY 10920 54303285 0 X WWW.WEBSTERAPARTMENTS.ORG X 1916 NY TO PROVIDE SAFE, AFFORDABLE SHORT-TERM ACCOMMODATIONS FOR WOMEN WORKING, TRAINING AND/OR STUDYING IN NEW YORK CITY. X 9 9 56 9 0 0 847365 25502 5712230 2072872 27381 43908538 1421 -461 6588397 46006451 0 0 0 0 2613815 1976611 0 0 0 3173694 2754950 5787509 4731561 800888 41274890 14551827 57403004 1164428 2381014 13387399 55021990 X TO PROVIDE SAFE, AFFORDABLE SHORT-TERM ACCOMMODATIONS SPECIFICALLY FOR WOMEN WORKING, TRAINING, AND/OR STUDYING IN NEW YORK CITY. THE WEBSTER PROMOTES A HEALTHY WELCOMING ENVIRONMENT, PROVIDING NUTRITIOUS MEALS, COMFORTABLE SURROUNDINGS, AND THE OPPORTUNITY TO CONNECT WITH OTHERS. 0 0 3270179 0 2072411 THE WEBSTER APARTMENTS OFFERS SAFE AND AFFORDABLE ACCOMMODATIONS SPECIFICALLY FOR WOMEN WHO ARE WORKING, STUDYING, INTERNING, OR TRAINING IN NEW YORK CITY. ONLY WOMEN WHO ARE WORKING FULL-TIME, ENROLLED IN AN UNDERGRADUATE OR GRADUATE PROGRAM AT A COLLEGE OR UNIVERSITY, TRADE, TECHNICAL OR OTHER SCHOOL PROGRAM; OR ARE WORKING FOR AN INTERNSHIP, TRAINEESHIP, FELLOWSHIP, OR CLERKSHIP ARE ELIGIBLE TENANTS OF THE APARTMENTS. IN MARCH 2023 THE ORGANIZATION SOLD ITS LONG-TIME HOME, A 13-STORY APARTMENT BUILDING IN MANHATTAN, AND ENTERED INTO A TWO YEAR LEASE FOR A 48-ROOM PREMESIS IN MANHATTAN FOR USE AND OCCUPANCY BY PARTICIPANTS IN ITS PROGRAMS. IN MAY 2023 THE ORGANIZATION PURCHASED A FORMER HOTEL AT 229 DUFFIELD ST., BROOKLYN NEW YORK, WHICH IS CURRENTLY BEING RENOVATED FOR OCCUPANCY BY ITS GUESTS WITH A TARGET COMPLETION DATE OF DECEMBER, 2024. 3270179 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 40 0 56 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X LYUDMILA MANN 2129679000 PO BOX 120 CONGERS NY 10920 ROY J BERNSTEIN PRESIDENT 3.00 X X 0 0 0 STEVEN GYORY VICE PRESIDENT 1.00 X X 0 0 0 ANNETTE CLEARWATERS TREASURER 1.00 X X 0 0 0 ANDREW S BLATT SECRETARY 1.00 X X 0 0 0 GEORGE CURTIS DIRECTOR 1.00 X 0 0 0 ELIZABETH H GAMBEE DIRECTOR 1.00 X 0 0 0 DANIELLE LESSER DIRECTOR 1.00 X 0 0 0 KATHRYN R STOKES DIRECTOR 1.00 X 0 0 0 KATHLEEN WOODRUFF DIRECTOR 1.00 X 0 0 0 SIOBHAN MCMANUS EXECUTIVE DIRECTOR 40.00 X 309702 0 32187 ROBERT N METCALFE DIRECTOR OF SECURITY & HR 40.00 X 169089 0 17924 JOHN A RICH FACILITIES MANAGER 40.00 X 129291 0 23369 TARA SCOTT DIRECTOR GUEST SERVICES 40.00 X 134262 0 21493 742344 0 94973 4 0 1 0 ARAMARK SERVICES INC PO BOX 973839 DALLAS TX 19124 FOOD SERVICES 299723 DOYLE SECURITY SERVICES INC 371 MERRICK ROAD SUITE 301 ROCKVILLE CENTRE NY 11570 SECURITY SERVICES 208127 JA MAINTENANCE NYC 85 COLUMBIA STREET NEW YORK NY 10002 JANITORIAL SERVICES 131643 VENABLE LLP PO BOX 62727 BALTIMORE MD 21264 LEGAL SERVICES 127950 INDRANIE SANICHAR 69 HINDSDALE AVENUE FLORAL PARK NY 11001 IT CONSULTING 111278 6 25502 25502 ROOM AND BOARD 721310 2036536 2036536 OTHER TENANT INCOME 721000 33656 33656 EXTRA MEALS 721000 2680 2680 2072872 481461 481461 51723450 8296373 43427077 43427077 43427077 461 -461 -461 46006451 2072411 0 43908538 319347 319347 1172549 895571 276978 121302 72961 48341 159931 115771 44160 203482 146233 57249 45489 45489 70781 70781 40100 40100 427034 317985 109049 44289 44289 127257 116921 10336 141777 25298 116479 1260404 1075063 185341 8308 5193 3115 61184 30800 30384 53259 5453 47806 FOOD & RELATED EXPENSES 169227 165245 3982 REPAIRS & MAINTENANCE 163865 163865 CLEANING & LAUNDRY 76860 76860 MOVING EXPENSES 47509 47509 17607 12671 4936 4731561 3270179 1461382 0 976734 545495 5054875 11367661 31757 40545 20982 0 79952 289254 43395039 9906 8371538 43385133 11174 11335 4815 1763581 14551827 57403004 574900 445734 316377 129275 273151 1806005 1164428 2381014 X 13387399 55021990 13387399 55021990 14551827 57403004 X 41274890 173154 186547 X X 0 1 X 1 0 X 750 10750 1253905 847365 25502 2138272 7605441 4966496 2525826 5722748 2072872 22893383 7606191 4977246 3779731 6570113 2098374 25031655 8750 2550 11300 0 8750 2550 11300 25020355 296810 128492 4924 27381 481461 939068 296810 128492 4924 27381 481461 939068 35885 35885 7903001 5141623 3784655 6597494 2579835 26006608 0.96210 0.97330 0.03610 0.02520 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: REIMB OF PROPERTY DAMAGE - 2019 AMOUNT: $ 25,000. OTHER INCOME - 2019 AMOUNT: $ 10,885. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43370488 43370488 24551 9906 14645 43385133 LEASE LIABILITY 1733530 ACCRUED PENSION COST 72475 1806005 X 46366568 173154 186963 360117 46006451 0 46006451 4691877 416 416 4691461 40100 40100 4731561 PART X, LINE 2: THE CORPORATION RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION IN ITS FINANCIAL STATEMENTS ONLY IF IT IS MORE-LIKELY-THAN-NOT (I.E., A LIKELIHOOD OF MORE THAN 50%) THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT BELIEVES THE CORPORATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2023. THE CORPORATION'S TAX RETURNS FOR ALL YEARS SINCE FISCAL 2020 REMAIN OPEN TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES. THERE ARE CURRENTLY NO TAX EXAMINATIONS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 416. PENSION INCOME, NET 186,547. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 416. X 1 1 X X X 0 0 0 0 0 0 0 1 0 SIOBHAN MCMANUS EXECUTIVE DIRECTOR 235045 0 70100 0 4557 0 28205 0 3982 0 341889 0 0 0 ROBERT N METCALFE DIRECTOR OF SECURITY & HR 151451 0 15500 0 2138 0 16357 0 1567 0 187013 0 0 0 TARA SCOTT DIRECTOR GUEST SERVICES 118535 0 15500 0 227 0 12802 0 8691 0 155755 0 0 0 JOHN A RICH FACILITIES MANAGER 113447 0 15500 0 344 0 9530 0 13839 0 152660 0 0 0 PART I, LINE 1A GROSS UP PAYMENTS: SOME STAFF MEMBERS WAIVE MEDICAL BENEFITS BECAUSE THEY ARE COVERED UNDER A SPOUSE'S OR OTHER FAMILY MEMBER'S POLICY. IF THE EMPLOYEE SUBSEQUENTLY LOSES THAT COVERAGE, THEY ARE GIVEN THE OPTION OF ACCEPTING COMPANY BENEFITS OR HAVING SOME OR ALL OF THE COST OF THEIR REPLACEMENT COVERAGE REIMBURSED THROUGH A GROSS UP PAYMENT THROUGH PAYROLL THAT IS TAXABLE TO THE EMPLOYEE. THIS IS PERMISSIBLE AS LONG AS THE COST TO THE ORGANIZATION DOES NOT EXCEED WHAT IT WOULD COST TO PROVIDE SIMILAR BENEFITS THROUGH A COMPANY SPONSORED PLAN. PART I, LINE 7 THE ORGANIZATION PAID BONUS COMPENSATION TO INDIVIDUALS REPORTED IN PART VII AND SCHEDULE J, PART II. THIS COMPENSATION IS INCLUDED IN THEIR REPORTABLE COMPENSATION AND WAS APPROVED BY THE COMPENSATION COMMITTEE AND THE FULL BOARD OF DIRECTORS. BUILDING-LAND 2023-03-27 51723450 APPRAISAL 133411159 EDUCATIONAL HOUSING SERVICES INC 55 CLARK STREET NEW YORK NY 11201 501(C)(3) 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY A PROFESSIONAL ACCOUNTING FIRM. THE 990 IS FIRST REVIEWED BY THE ORGANIZATION'S FINANCIAL CONSULTANT AND SUBSEQUENTLY REVIEWED BY THE EXECUTIVE DIRECTOR AND THE FINANCE COMMITTEE. IT IS THEN DISTRIBUTED VIA EMAIL TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO ALL BOARD MEMBERS, OFFICERS AND EMPLOYEES. ALL APPLICABLE INDIVIDUALS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST AGREEMENT ANNUALLY, DISCLOSING ANY POSSIBLE CONFLICT OF INTEREST AND ARE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS. AFTER DISCLOSURE, THE INTERESTED PERSON LEAVES THE BOARD OF DIRECTORS MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OF DIRECTORS DECIDE IF A CONFLICT EXISTS. THE INTERESTED PERSON IS NOT ELIGIBLE TO VOTE ON MATTERS DIRECTLY PERTAINING TO THE BUSINESS TO BE TRANSACTED. DISCUSSIONS PERTAINING TO CONFLICT OF INTERESTS ARE DOCUMENTED IN THE MINUTES OF THE BOARD OF DIRECTORS MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF DIRECTORS, RECOMMENDS COMPENSATION INCREASES FOR THE EXECUTIVE DIRECTOR. THESE RECOMMENDATIONS ARE SUBMITTED TO THE BOARD FOR APPROVAL EACH YEAR AND ARE DOCUMENTED IN THE MEETING MINUTES. THE COMPENSATION COMMITTEE USES COMPARABLE DATA, INCLUDING FORM 990S OF OTHER ORGANIZATIONS, TO DETERMINE THE APPROPRIATE LEVEL OF COMPENSATION. OCCASIONALLY THE SERVICES OF OUTSIDE CONSULTANT ARE ALSO UTILIZED, THE MOST RECENT OF WHICH WAS IN 2019. 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. THE FORM 990 IS AVAILABLE 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. FORM 990, PART XI, LINE 9: ACCRUED PENSION COSTS 186,547. 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. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.