2021-06-29T10:26:35-05:00 2020-09-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2019-10-01 135563411 THE WEBSTER APARTMENTS WEBS 2129679000 419 WEST 34TH STREET NEW YORK NY 10001 SIOBHAN MCMANUS EXECUTIVE DIRECTOR 2129679000 2021-06-28 1 GARRETT M HIGGINS P00543209 2122862600 2021-06-28 2019 2022-09-23 18:48:47Z SIOBHAN MCMANUS 419 WEST 34TH STREET NEW YORK NY 10001 12476494 0 X WWW.WEBSTERAPARTMENTS.ORG X 1916 NY TO PROVIDE IMPROVED LIVING CONDITIONS FOR WORKING WOMEN OF MODEST MEANS. 10 10 67 10 0 0 750 10750 7604524 4965946 285912 603020 -339 35831 7890847 5615547 0 0 0 0 3323533 3119828 0 0 0 3479633 2768028 6803166 5887856 1087681 -272309 14927920 14409470 1531496 1633658 13396424 12775812 X THE WEBSTER APARTMENTS IS A BENEVOLENT INSTITUTION WHOSE MISSION IS TO PROVIDE SAFE, AFFORDABLE, TEMPORARY RESIDENCES FOR WORKING WOMEN OF MODEST MEANS. THE WEBSTER PROMOTES A HEALTHY AND DECENT LIFESTYLE, PROVIDING NUTRITIOUS MEALS, COMFORTABLE FURNISHED ROOMS, A LIBRARY, EDUCATIONAL LECTURES, AND GOOD MORAL SURROUNDINGS. WE GIVE OUR RESIDENTS THE VALUABLE OPPORTUNITY TO BUILD A NETWORK AND EXPERIENCE LIFE IN NEW YORK CITY AS THEY PURSUE THEIR CAREERS. 0 0 4287270 4965892 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.SINCE THE PANDEMIC HIT IN MARCH 2020, OUR OCCUPANCY HAS FALLEN SUBSTANTIALLY, BUT WE EXPECT TO ABLE TO RECOVER MUCH OF OUR PRE-PANDEMIC LEVELS WITHIN 12-24 MONTHS AFTER NEW YORK CITY FULLY REOPENS TO INTERNATIONAL TRAVEL AND THE BUSINESS COMMUNITY REESTABLISHES THEIR INTERNSHIP PROGRAMS. 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, WI-FI, SOCIAL EVENTS AND OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT, ALL AT REMARKABLY AFFORDABLE AND COMPETITIVE RATES FOR HOUSING IN MIDTOWN MANHATTAN. 4287270 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 53 0 67 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 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 SIOBHAN MCMANUS EXECUTIVE DIRECTOR 40.00 X 275983 0 25973 ROBERT N METCALFE DIRECTOR OF SECURITY & HR 40.00 X 136316 0 10956 JOHN A RICH FACILITIES MANAGER 40.00 X 108959 0 17478 TARA M SCOTT DIR. OF MARKETING & BUSINESS DEV. 40.00 X 101333 0 15964 ROY J BERNSTEIN PRESIDENT 2.00 X X 0 0 0 STEVEN GYORY VICE PRESIDENT 2.00 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 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 622591 0 70371 4 0 1 0 ARAMARK SERVICES INC 600 E LUZERNE ST PHILADELPHIA PA 19124 FOOD SERVICES 761189 FXCOLLABORATIVE ARCHITECTS LLP 22 WEST 19TH STREET 11TH FLOOR NEW YORK NY 10011 ARCHITECT SERVICES 190226 DOYLE SECURITY SERVICES INC 371 MERRICK RD SUITE 301 ROCKVILLE CENTRE NY 11570 SECURITY SERVICES 184688 JA MAINTENANCE NYC CORP 85 COLUMBIA ST SUITE 17D NEW YORK NY 10002 HOUSEKEEPING SERVICES 145061 ANGELA CALZONE LLC 16 SILVER LAKE DRIVE BARNEGAT NJ 08005 OPERATIONS CONSULTING SERVICES 142950 6 10750 10750 ROOM AND BOARD 721310 4868428 4868428 OTHER FEES 812900 86588 86588 EXTRA MEALS 722300 10930 10930 4965946 128492 128492 7334871 6860343 474528 474528 474528 550 604 -54 -54 REIMB. OF PROPERTY DAMAGE 900099 25000 25000 OTHER INCOME 900099 10885 10885 35885 5615547 4965892 0 638905 309617 309617 1907281 1579725 327556 279387 216692 62695 332948 261269 71679 290595 217364 73231 53573 53573 94741 94741 50026 50026 374147 271293 102854 111198 111198 176565 101013 75552 189413 64541 124872 538530 408486 130044 13842 7230 6612 144352 73096 71256 46901 6578 40323 FOOD & RELATED EXPENSES 623419 623419 CLEANING AND LAUNDRY 146099 146099 REPAIRS & MAINTENANCE 146025 146025 BAD DEBT EXPENSE 16769 16769 42428 36473 5955 5887856 4287270 1600586 0 628248 296794 1540654 5791710 216055 41749 18145 20586 77592 70546 2766136 497937 2023234 2268199 4639864 0 5784128 5919886 14927920 14409470 544857 258046 527238 125238 459401 1250374 1531496 1633658 X 13396424 12775812 13396424 12775812 14927920 14409470 X -272309 -191339 -156964 X X 0 1 X 1 0 X 1500 500 750 10750 13500 7054318 7112194 7253331 7605441 4966496 33991780 7055818 7112194 7253831 7606191 4977246 34005280 8750 8750 0 8750 8750 33996530 315224 279244 324253 296810 128492 1344023 315224 279244 324253 296810 128492 1344023 35885 35885 7371042 7391438 7578084 7903001 5141623 35385188 0.96080 0.95650 0.03800 0.04350 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. 34000 34000 885404 497937 387467 1846732 1846732 2268199 DEPOSITS 4815 PROPERTY HELD FOR SALE 5915071 5919886 ACCRUED PENSION COST 751827 PAYCHECK PROTECTION PROGRAM LOAN 498547 1250374 X 5424812 -191339 604 -190735 5615547 0 5615547 6045424 157568 157568 5887856 0 5887856 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, 2020. THE CORPORATION'S TAX RETURNS FOR ALL YEARS SINCE FISCAL 2017 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 604. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 604. ACCRUED PENSION COSTS REPORTED ON PART XI, LINE 9 156,964. X X X X X 0 0 0 0 0 0 0 1 0 SIOBHAN MCMANUS EXECUTIVE DIRECTOR 207540 0 66895 0 1548 0 23183 0 2790 0 301956 0 0 0 PART I, LINE 7 EXECUTIVE DIRECTOR: SIOBHAN MCMANUS RECEIVED A BONUS IN THE AMOUNT OF $66,895 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 METCALFE RECEIVED A BONUS IN THE AMOUNT OF $14,884 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 $12,250 FROM THE ORGANIZATION. THE BONUS AMOUNT IS INCLUDED IN PART VII, COLUMN (D). DIRECTOR OF MARKETING: TARA SCOTT RECEIVED A BONUS IN THE AMOUNT OF $12,403 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. THEY WILL REMAIN IN EFFECT UNTIL SUCH TIME AS IT IS ECONOMICALLY FEASIBLE TO RESTORE THEM. 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. THE FORM 990 IS POSTED 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 VI, LINE 1: THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE, WHICH HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART XI, LINE 9: ACCRUED PENSION COSTS -156,964. 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.