2022-04-18T09:32:54-05:00 2021-09-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2020-10-01 135563411 THE WEBSTER APARTMENTS WEBS 2129679000 419 WEST 34TH STREET NEW YORK NY 10001 SIOBHAN MCMANUS EXECUTIVE DIRECTOR 2129679000 2022-04-15 1 SIOBHAN MCMANUS XXX-XX-XXXX GARRETT M HIGGINS P00543209 2122862600 2022-04-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SIOBHAN MCMANUS 419 WEST 34TH STREET NEW YORK NY 10001 3784655 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. 9 9 53 10 0 0 10750 1253905 4965946 2523085 603020 4924 35831 223 5615547 3782137 0 0 0 0 3119828 2278351 0 0 0 2768028 2417447 5887856 4695798 -272309 -913661 14409470 14258695 1633658 1838786 12775812 12419909 X TO PROVIDE SAFE, AFFORDABLE SHORT-TERM ACCOMMODATIONS 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 WHILE EXPERIENCING LIFE IN NEW YORK CITY. 0 0 3352183 0 2523308 TYPICALLY, EACH YEAR OVER 800 WOMEN CALL THE WEBSTER APARTMENTS "HOME" WHILE WORKING OR INTERNING FULL TIME TO LAUNCH OR ADVANCE THEIR CAREERS IN NEW YORK CITY. REPRESENTING NEARLY EVERY STATE THROUGHOUT THE USA AND OVER 36 COUNTRIES AROUND THE WORLD, THESE WOMEN ARE EMPLOYED BY TOP COMPANIES IN INDUSTRIES INCLUDING, BUT NOT LIMITED TO FASHION, FINANCE, NON-PROFIT, PERFORMING ARTS, INTERNATIONAL RELATIONS, RETAIL AND REAL ESTATE.IN THIS, THE SECOND YEAR OF THE COVID-19 PANDEMIC, OUR OCCUPANCY HAS INCREASED SIGNIFICANTLY FROM LAST YEAR'S HISTORIC LOWS AS TRAVEL AND OTHER RESTRICTIONS HAVE GRADUALLY EASED. HOWEVER, WE ARE STILL LIMITING THE OCCUPANCY OF THE BUILDING IN RESPONSE TO VARIOUS PANDEMIC PROTOCOLS.WEBSTER OFFERS FULLY FURNISHED SINGLE ROOMS, TWO MEALS PER DAY, 24/7 ONSITE SECURITY AND GUEST SERVICES SUPPORT ALONG WITH AN ARRAY OF COMPLIMENTARY AMENITIES INCLUDING HOUSEKEEPING SERVICES AND WI-FI, ALL AT REMARKABLY AFFORDABLE AND COMPETITIVE RATES FOR HOUSING IN MIDTOWN MANHATTAN. 3352183 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 0 0 0 0 0 0 1 45 0 53 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 MILA MANN 2129679000 419 WEST 34TH STREET NEW YORK NY 10001 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 KATHY RIESS DIRECTOR (THRU 6/21) 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 227969 0 24679 ROBERT N METCALFE DIRECTOR OF SECURITY & HR 40.00 X 137939 0 12662 JOHN A RICH FACILITIES MANAGER 40.00 X 104844 0 8737 470752 0 46078 3 0 1 0 ARAMARK SERVICES INC 600 E LUZERNE ST PHILADELPHIA PA 19124 FOOD SERVICES 593171 DOYLE SECURITY SERVICES INC 371 MERRICK RD SUITE 301 ROCKVILLE CENTRE NY 11570 SECURITY SERVICES 182351 ZUBATKIN OWNER REPRESENTATION LLC 333 W 52ND ST 6TH FLOOR NEW YORK NY 10019 OWNER'S REP. SERVICES 134272 3 1246355 7550 1253905 ROOM AND BOARD 721310 2442019 2442019 ACCOMMODATION FEES 721000 77186 77186 EXTRA MEALS 721000 3880 3880 2523085 4924 4924 2741 2518 223 223 3782137 2523308 0 4924 244167 244167 1397518 1123734 273784 248482 190908 57574 287639 216316 71323 100545 75308 25237 38264 38264 60788 60788 47327 47327 424809 313916 110893 93203 93203 195106 167988 27118 137494 69597 67897 517947 334715 183232 5551 3454 2097 10777 10777 143376 67287 76089 47670 3815 43855 FOOD & RELATED EXPENSES 315820 315820 REPAIRS & MAINTENANCE 234153 234153 CLEANING & LAUNDRY 96782 96782 HOUSEKEEPING 17466 17466 30914 27721 3193 4695798 3352183 1343615 0 296794 941929 5791710 4324136 41749 81581 20586 13386 70546 82005 8720870 515233 8071867 8205637 111403 52562 4815 557459 14409470 14258695 258046 371906 125238 282651 1250374 1184229 1633658 1838786 X 12775812 12419909 12775812 12419909 14409470 14258695 X -913661 557758 X X 0 1 X 1 0 X 500 750 10750 1253905 1265905 7112194 7253331 7605441 4966496 2525826 29463288 7112194 7253831 7606191 4977246 3779731 30729193 8750 2550 11300 0 8750 2550 11300 30717893 279244 324253 296810 128492 4924 1033723 279244 324253 296810 128492 4924 1033723 35885 35885 7391438 7578084 7903001 5141623 3784655 31798801 0.96600 0.96080 0.03250 0.03800 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: REIMB OF PROPERTY DAMAGE - 2019 AMOUNT: $ 25,000. 2020 AMOUNT: $ 0. OTHER INCOME - 2019 AMOUNT: $ 10,885. 2020 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34000 34000 6040571 6040571 731892 515233 216659 1914407 1914407 8205637 ACCRUED PENSION COST 342964 PAYCHECK PROTECTION PROGRAM LOAN 841265 1184229 X 4284309 560276 560276 3724033 47327 10777 58104 3782137 4640212 2518 2518 4637694 47327 10777 58104 4695798 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, 2021. THE CORPORATION'S TAX RETURNS FOR ALL YEARS SINCE FISCAL 2018 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 2,518. ACCRUED PENSION COSTS REPORTED ON PART XI, LINE 9 557,758. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST REVENUE 10,777. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 2,518. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST REVENUE 10,777. X X X X 0 0 0 0 0 0 0 1 0 SIOBHAN MCMANUS EXECUTIVE DIRECTOR 215765 0 10000 0 2204 0 21673 0 3006 0 252648 0 0 0 ROBERT N METCALFE DIRECTOR OF SECURITY & HR 133442 0 3000 0 1497 0 11461 0 1201 0 150601 0 0 0 PART I, LINE 7 EXECUTIVE DIRECTOR: SIOBHAN MCMANUS RECEIVED A BONUS IN THE AMOUNT OF $10,000 FROM THE ORGANIZATION. THE BONUS AMOUNT IS INCLUDED IN PART VII, COLUMN (D) AND SCHEDULE J, PART II, COLUMN B(II). DIRECTOR OF SECURITY & HR: ROBERT N. METCALFE RECEIVED A BONUS IN THE AMOUNT OF $3,000 FROM THE ORGANIZATION. THE BONUS AMOUNT IS INCLUDED IN PART VII, COLUMN (D). FACILITIES DIRECTOR: JOHN A. RICH RECEIVED A BONUS IN THE AMOUNT OF $4,000 FROM THE ORGANIZATION. THE BONUS AMOUNT IS INCLUDED IN PART VII, COLUMN (D). THE BONUSES WERE BASED UPON REVIEW OF THE INDIVIDUAL'S PERFORMANCE AND ARE APPROVED BY THE COMPENSATION COMMITTEE AND BOARD PRIOR TO BEING AWARDED. FORM 990, PART VI, SECTION B, LINE 11B THE WEBSTER CONTRACTS WITH A CPA AS A CONSULTANT TO THE FINANCE DEPARTMENT. THE CONSULTANT REVIEWS THE PRELIMINARY VERSION OF THE FORM 990. THE FINALIZED VERSION IS SUBSEQUENTLY REVIEWED WITH THE EXECUTIVE DIRECTOR AND THE FINANCE COMMITTEE. ONCE THE FINANCE COMMITTEE APPROVES THE RETURN, IT IS DISTRIBUTED VIA EMAIL TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO BEING FILED ELECTRONICALLY. 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 BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS OR THE EXECUTIVE COMMITTEE. AFTER DISCLOSURE, HE/SHE 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 INCREASES FOR THE EXECUTIVE DIRECTOR. THESE RECOMMENDATIONS ARE SUBMITTED TO THE BOARD FOR APPROVAL EACH YEAR AND DOCUMENTED IN THE MEETING MINUTES. TO ASSIST THEM IN THEIR WORK, COMPENSATION STUDIES WERE COMMISSIONED FOR THE EXECUTIVE DIRECTOR POSITION AND THE RESULTS PRESENTED TO THE BOARD AT THE SEPTEMBER 29, 2015 AND JUNE 25, 2019 BOARD OF DIRECTOR'S MEETINGS. ANOTHER COMPENSATION STUDY WAS PERFORMED WHICH ALSO INCLUDED THE DIRECTOR OF MARKETING AND FACILITIES DIRECTOR AND PRESENTED TO THE BOARD OF DIRECTORS AT THE JANUARY 26, 2018 BOARD MEETING. AN UPDATE TO THE COMPENSATION STUDY IS DONE APPROXIMATELY ONCE EVERY THREE YEARS. DUE TO THE SIGNIFICANT EFFECTS OF THE COVID-19 PANDEMIC ON THE ORGANIZATION'S OPERATIONS, A 10% PAY CUT FOR THE EXECUTIVE DIRECTOR, DEPARTMENT DIRECTORS, AND SEVERAL SENIOR SALARIED STAFF MEMBERS WAS PROPOSED BY MANAGEMENT IN JUNE 2020. THE BOARD OF DIRECTORS APPROVED THESE PAY CUTS EFFECTIVE JULY 1, 2020. THESE PAY CUTS WERE RESTORED, IN FULL, AS OF JULY 1, 2021. 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 AT THE ORGANIZATION'S OFFICE OR BY CALLING THE ORGANIZATION DIRECTLY AT (212) 967-9000. FORM 990, PART XI, LINE 9: ACCRUED PENSION COSTS 557,758. 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 PERIOD.