2023-12-13T11:46:18-06:00 2023-06-30 161092347 MENGEL METZGER BARR & CO LLP 333 EAST WATER ST STE 200 ELMIRA NY 14901 990 2022-07-01 510180570 STEWART PARK HOUSING DEVELOPMENT FUND COMPANY INC STEW 6079375361 101 COLUMBIA STREET CORNING NY 14830 DAVID W SMITH PRESIDENT 6079375361 2023-12-11 1 DAVID SMITH 999009999 1 KATHERINE E STICKLER CPA P00385238 6077344183 2023-12-11 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID W SMITH 101 COLUMBIA ST CORNING NY 14830 1517720 0 X N/A X 1971 NY TO PROVIDE SAFE AND AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES. 8 8 0 8 0 0 50 20 1547128 1513705 7084 3995 0 0 1554262 1517720 0 0 0 0 265385 268501 0 0 0 1019741 1087510 1285126 1356011 269136 161709 5007883 5228812 194941 254161 4812942 4974651 TO PROVIDE SAFE AND AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES WHO QUALIFY UNDER FEDERAL GUIDELINES. 0 0 1295591 1513705 THE COMPANY OWNS STEWART PARK APARTMENTS, A 118-UNIT COMPLEX. STEWART PARK APARTMENTS IS A FEDERALLY SUBSIDIZED PROJECT UNDER SEC. 221(D)(3) & RECEIVES RENTAL SUPPLEMENTS FROM HUD. THE APTS ARE RENTED TO QUALIFYING LOW-INCOME INDIVIDUALS & FAMILIES. 1295591 1 0 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 8 8 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 6079375361 101 COLUMBIA STREET CORNING NY 14830 X DAVID SMITH PRESIDENT 2.00 X X 0 0 0 REV TROY PRESTON VICE PRESIDENT 2.00 X X 0 0 0 THOMAS HART TREASURER 2.00 X X 0 0 0 SARA ALTMANSBERGER SECRETARY 2.00 X X 0 0 0 REV KIT TOBIN DIRECTOR 2.00 X 0 0 0 DORIS ROY DIRECTOR 2.00 X 0 0 0 RICH MURRAY DIRECTOR 2.00 X 0 0 0 JESSICA HOOD DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 LECHASE CONSTRUCTION SERVICES LLC 205 INDIGO CREEK DR ROCHESTER NY 14626 CONSTRUCTION FOR UTILITY REPLACEMENT 1025547 1 20 20 SECTION 8 TENANT ASSIS 531110 913804 913804 TENANT RENT 531110 584026 584026 OTHER TENANT CHARGES 531110 15000 15000 LAUNDRY 531110 875 875 1513705 3995 3995 1517720 1513705 0 3995 185688 185688 69741 69741 13072 13072 102356 92120 10236 6748 6748 11400 11400 20897 20897 243039 243039 204827 204827 66034 66034 PROPERTY TAX 178627 178627 EQUIPMENT RENTAL & MAIN 178593 178593 PROGRAM SUPPLIES 40424 40424 MISCELLANEOUS 30601 19462 11139 3964 3964 1356011 1295591 60420 0 131493 246659 602610 202669 10207 33215 18859 88341 8228715 5480794 1766633 2747921 2478081 1910007 5007883 5228812 156553 209275 6917 11492 31471 33394 194941 254161 X 4812942 4974651 4812942 4974651 5007883 5228812 161709 0 X X 0 1 X 1 1 1 X 13593 13077 3324 50 20 30064 1306485 1351131 1434559 1547128 1513705 7153008 1320078 1364208 1437883 1547178 1513725 7183072 0 0 0 7183072 20182 27663 16970 7084 3995 75894 20182 27663 16970 7084 3995 75894 1340260 1391871 1454853 1554262 1517720 7258966 0.98950 0.98910 0.01050 0.01090 X 50600 50600 7667223 5075635 2591588 63790 52757 11033 447102 352402 94700 2747921 TENANT SECURITY DEPOSITS 28044 ESCROW DEPOSITS 190043 REPLACEMENT RESERVE 1691920 1910007 TENANT SECURITY DEPOSITS 28044 ACCRUED WAGES 5350 33394 X 1517720 0 1517720 0 1517720 1356011 0 1356011 0 1356011 PART X, LINE 2: THE COMPANY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE STATE TAX REGULATIONS. THE ORGANIZATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2023, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO JUNE 30, 2020. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT OF THE ORGANIZATION 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 THE ENTITY HAS CONTRACTED WITH EDC MANAGEMENT INC., THE MANAGING AGENT, TO PROVIDE MANAGEMENT SERVCIES FOR A FEE OF 7.0% OF GROSS COLLECTIONS WHICH AMOUNTED TO $102,356. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION ONLY HAS A BOARD OF DIRECTORS WITH NO SUB-COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 PROVIDED TO THE MANAGEMENT AGENT FOR REVIEW PRIOR TO BEING PRESENTED AT THE MONTHLY BOARD OF DIRECTORS MEETING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN ANNUAL STATEMENTS. FORM 990, PART VI, SECTION C, LINE 19 COPIES PROVIDED UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS SELECTS THE INDEPENDENT ACCOUNTANT AND OVERSEES AUDIT WORK PERFORMED. THIS PROCESS HAS NOT CHANGED. FORM 990, PART IV, LINES 7-10 SALARIES AND RELATED COSTS ARE INCLUDED IN PART IX EVEN THOUGH PART V ITEM 2A INDICATES ZERO EMPLOYEES. THE ORGANIZATION'S PERSONNEL ARE EMPLOYEES OF THE MANAGING AGENT AND THE SALARIES, PAYROLL TAXES AND BENEFITS ARE BILLED BY THE MANAGING AGENT TO THE ORGANIZATION. THE ORGANIZATION HAS REPORTED THESE AMOUNTS IN PART IX LINES 7-10.