2021-10-04T15:42:34-05:00 2020-12-31 PRICEWATERHOUSECOOPERS LLP 300 MADISON AVE NEW YORK NY 10017 990 2020-01-01 133411159 EDUCATIONAL HOUSING SERVICES INC % JOSEPH LAVACCA EDUC 2129777622 55 CLARK STREET BROOKLYN NY 11201 Ramalingam Ganesh CFO 2129777622 2021-09-30 Ramalingam Ganesh 999009999 LAURA J PARELLO P01080295 6464713000 2021-10-01 2 2020 2022-09-23 18:48:47Z JEFFREY LYNFORD 55 CLARK STREET BROOKLYN NY 11201 27187041 false X WWW.STUDENTHOUSING.ORG X 1987 NY The EHS & Subsidiaries Mission is "To Enhance the New York City college experience by providing safe and affordable housing in an enriching student life environment." 8 8 75 0 0 0 0 862325 28740213 20553833 517 421 1697210 5770462 30437940 27187041 0 0 0 0 3854272 3202035 0 0 0 28435516 23124415 32289788 26326450 -1851848 860591 112588636 139212999 138181050 163690604 -25592414 -24477605 THE EHS & SUBSIDIARIES MISSION "TO ENHANCE THE NEW YORK CITY COLLEGE EXPERIENCE BY PROVIDING SAFE AND AFFORDABLE HOUSING IN AN ENRICHING STUDENT LIFE ENVIRONMENT." false false 22943696 26889628 TO ACQUIRE BY LEASE OR OTHERWISE, MAINTAIN AND OPERATE, IN THE NEW YORK CITY METRO AREA, QUALITY, SAFE, STATE OF THE ART, AFFORDABLE, RESIDENTIAL FACILITIES FOR STUDENTS AND TEACHERS OF EDUCATIONAL INSTITUTIONS. EDUCATIONAL HOUSING SERVICES, INC. ALSO COORDINATES A STUDENT LIFE SOCIAL CALENDAR WHICH PROMOTES STUDENT ACTIVITIES WITHIN THE COMMUNITY. 22943696 true false false true false false false false false false true false false true true true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false true true true true true false true 126 0 true 75 true false false false false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true true true true true NY X JOSEPH LAVACCA 2129777622 55 CLARK STREET BROOKLYN NY 11201 X JEFFREY LYNFORD PRESIDENT 33.77 1.23 X 584087 0 50046 FAYE BEAN SENIOR VP LEASING & MARKETING 15.75 19.25 X 277147 0 52193 CHRISTY CHATFIELD SENIOR VP STUDENT LIFE 16.74 18.26 X 200754 0 53009 RAMALINGAM GANESH SENIOR VP/CFO 27.12 7.88 X 240399 0 9210 JOSEPH LA VACCA TREASURER 15.75 19.25 X 198990 0 38125 ARIEL DYBNER SR VP GNRL COUNSEL, SECRETARY 27.3 2.7 X 182499 0 45167 ABRAM BERNSTEIN VP OF INVESTMENTS 32.96 2.04 X 196403 0 19569 DARLENE LEWIS CONTROLLER 15.75 19.25 X 139150 0 25849 KEVIN GROSS VP FACILITIES & PROPERTY MGMT 17.93 17.07 X 158158 0 6072 ADAM B KAUFMAN SENIOR HOUSING ADVISOR 12.65 22.35 X 133318 0 16745 WILLIAM COCKRUM III BOARD MEMBER 3.0 2.0 X 25000 0 0 JERRY HULTIN CHAIRMAN OF THE BOARD 3.0 2.0 X 25000 0 0 JOHN THOMAS RANDOLPH II BOARD MEMBER 3.0 2.0 X 25000 0 0 DALE ANNE REISS BOARD MEMBER 3.0 2.0 X 25000 0 0 SAMARA BAREND BOARD MEMBER 3.0 2.0 X 25000 0 0 DONALD D SHEETS BOARD MEMBER 3.0 2.0 X 25000 0 0 DENNIS R IRVIN BOARD MEMBER 3.0 2.0 X 25000 0 0 CARL RICHARD HARTMAN BOARD MEMBER 3.0 2.0 X 25000 0 0 2510905 0 315985 12 false true false REALTY CROWN MANAGEMENT 100 HENRY STREET BROOKLYN NY 11201 PROPERTY MANAGEMENT 867000 RCN PO BOX 11816 NEWARK NJ 071018116 TELECOMMUNICATIONS 1087658 KIRKLAND ELLIS 601 Lexington Ave NEW YORK NY 10022 Legal 812094 PARK MURRAY CAPITAL 1160 Park Avenue NEW YORK NY 10128 Consulting 442623 SAFETY BUILDING CLEANING CORP 5 West 37th Street NEW YORK NY 10018 Cleaning 337528 11 862325 862325 HOUSING AND DORMITORY 721310 20553833 20553833 20553833 421 421 0 0 296992 296992 0 296992 296992 0 0 0 0 0 0 0 0 0 0 RENT FORGIVENESS 900099 5042928 5042928 REIMBURSEMENT OF CABLE, SECURITY AND STUDENT LIFE 900099 200099 200099 ANNUAL INSTITUTION FEE 900099 213988 213988 16455 16455 5473470 27187041 26010848 313868 0 0 0 0 1426630 1426630 0 1571509 658910 912599 42964 17222 25742 160932 66648 94284 0 261223 261223 203413 69612 133801 178844 178844 75114 75114 0 0 232497 222427 10070 362463 362463 105165 105165 147328 6924 140404 0 17126378 16973013 153365 17313 9244 8069 0 1316 1316 2472407 2379320 93087 0 418770 413412 5358 311240 231278 79962 REPAIRS & MAINTENANCE 677334 675640 1694 0 BAD DEBT EXPENSE 448049 448049 GENERAL EXPENSES 19977 7849 12128 STUDENT LIFE EXPENSES 58664 58664 6920 6684 236 26326450 22943696 3382754 0 7749534 6380134 1778566 1137785 0 0 2442866 1803809 0 0 0 0 0 0 0 0 346231 389250 8755102 8164142 1100101 590960 0 0 0 0 1137616 1132584 0 0 98033722 127778477 112588636 139212999 2088809 6084713 0 0 5289868 912541 48447106 46437376 0 0 0 0 40890 3000000 0 0 82314377 107255974 138181050 163690604 X -25592414 -24477605 0 0 -25592414 -24477605 112588636 139212999 860591 254218 X false true X true false X 429000 399125 465350 650350 984244 2928069 39450985 37889090 30250358 28089863 20431914 156112210 0 0 0 39879985 38288215 30715708 28740213 21416158 159040279 0 19756786 17673311 17049296 15158140 15066098 84703631 19756786 17673311 17049296 15158140 15066098 84703631 74336648 256769 261126 194526 162034 297413 1171868 0 256769 261126 194526 162034 297413 1171868 0 207125 165625 880558 1535692 5473470 8262470 40343879 38714966 31790792 30437939 27187041 168474617 0.44123 0.48166 0.00696 0.00642 X false false false false false false true 75114 false false 75114 false PART II-B, LINE 1G THE ORGANIZATION RETAINED TWO FIRMS IN 2020 TO ASSIST IN LOBBYING THE NEW YORK CITY DEPARTMENT OF BUILDINGS, MEMBERS OF THE NEW YORK CITY MAYOR'S STAFF, MEMBERS OF THE NEW YORK CITY COUNCIL, AND MEMBERS OF THE NEW YORK CITY COUNCIL'S STAFF FOR A RULE MODIFICATION BY THE NEW YORK CITY DEPARTMENT OF BUILDINGS OF THE RULE SETTING FORTH WHAT CONSTITUTES A "COLLEGE OR SCHOOL STUDENT DORMITORY". 5346998 4805288 541710 3408105 3358855 49250 590960 DUE FROM RELATED ENTITIES 39429216 CASH&SECURITY BY BOND TRUSTEES 3234325 SECURITY DEPOSITS 2167261 INVESTMENTS HELD BY BOND TT 4569066 RECEIVABLE STUD HOUS PROJ 47646701 OTHER ASSETS 1461263 RIGHT OF USE ASSETS 29270645 127778477 0 DUE TO RELATED ENTITIES 68841977 STUDENT HOUSING PAYABLE 8461458 OTHER LIABILITY - CURRENT 66110 OTHER LIABILITY - LONG TERM 633153 LEASE LIABILITY 29253276 107255974 X SCHEDULE D, PART X, LINE 2 FIN48 THE ORGANIZATION IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAX AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2020, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT BELIEVES THAT ITS TAX-EXEMPT STATUS WOULD BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION FILES INFORMATIONAL TAX RETURNS IN THE UNITED STATES FEDERAL AND NEW YORK STATE JURISDICTIONS. X X X X X false false false false false false false true false ARIEL DYBNER SR VP GNRL COUNSEL, SECRETARY 142499 0 40000 0 0 0 0 0 45167 0 227666 0 0 0 JEFFREY LYNFORD PRESIDENT 584087 0 0 0 0 0 19528 0 30518 0 634133 0 0 0 JOSEPH LA VACCA TREASURER 178990 0 20000 0 0 0 7607 0 30518 0 237115 0 0 0 FAYE BEAN SENIOR VP LEASING & MARKETING 242147 0 35000 0 0 0 7026 0 45167 0 329340 0 0 0 CHRISTY CHATFIELD SENIOR VP STUDENT LIFE 190754 0 10000 0 0 0 7842 0 45167 0 253763 0 0 0 KEVIN GROSS VP FACILITIES & PROPERTY MGMT 138158 0 20000 0 0 0 6072 0 0 0 164230 0 0 0 ADAM B KAUFMAN SENIOR HOUSING ADVISOR 133318 0 0 0 0 0 5148 0 11597 0 150063 0 0 0 RAMALINGAM GANESH SENIOR VP/CFO 220399 0 20000 0 0 0 9210 0 0 0 249609 0 0 0 DARLENE LEWIS CONTROLLER 119150 0 20000 0 0 0 5608 0 20241 0 164999 0 0 0 ABRAM BERNSTEIN VP OF INVESTMENTS 121403 0 75000 0 0 0 7792 0 11777 0 215972 0 0 0 PART I, LINE 7 2020 BONUS CALCULATION ON FEBRUARY 18, 2020 THE ORGANIZATION, AFTER APPROVAL FROM THE GOVERNANCE, FINANCE, COMPENSATION AND SUSTAINABILITY COMMITTEE APPROVED THE GRANTING OF SPECIAL BONUSES TO THE SR VP OF STUDENT LIFE, THE SR VP GENERAL COUNSEL AND CORPORATE SECRETARY, THE SENIOR VP and CFO, TREASURER, SR VP OF LEASING AND MARKETING, CONTROLLER, VP OF INVESTMENTS AND VP OF FACILITIES AND PROPERTY MANAGEMENT. THESE BONUSES WERE PAID IN FEBRUARY 2020 A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983QEL9 2005-04-14 69005235 CONSTRUCT STUDENT RESIDENCE false false false A 21013230 0 69005235 5554886 0 0 1368436 1439385 0 61687289 0 0 2006 false false true true A false false true false false 0 false false false true A false false false true false false 0 false 0 false true A true Part II AMOUNTS REPORTED IN 2020 ARE CONSISTENT WITH THE TAXPAYER'S FORM 8038 PREVIOUSLY FILED WITH THE IRS WHICH REPORTED INFORMATION WITH RESPECT TO ITS TAX EXEMPT BONDS. PART III, LINE 3B EHS REGULARLY ENGAGES BOND COUNSEL WHEN AN ISSUE ARISES AS TO PRIVATE BUSINESS USE OF THE PROPERTY. THERE WAS NO OCCASION FOR BOND COUNSEL IN 2020. PART IV, LINE 2C THE REBATE COMPUTATION WAS PERFORMED IN AUGUST 2019. FORM 990, PART VI, LINE 11B FORM 990 PROVIDED TO GOVERNING BODY THE FORM 990 FOR 2020 WAS PROVIDED TO THE FULL BOARD AT THE SEPTEMBER 2021 BOARD MEETING FOR REVIEW AND COMMENT. APPROVAL VIA BOARD VOTE OF THE FORM 990 IS REQUIRED PRIOR TO FILING THE REPORT TO THE IRS. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY EHS' CONFLICT OF INTEREST POLICY REQUIRES THE FILING BY ALL BOARD MEMBERS AND SENIOR OFFICERS OF THE ORGANIZATION OF ANNUAL CONFLICTS DISCLOSURE STATEMENT. THESE ARE REVIEWED BY THE GOVERNANCE AND COMPENSATION COMMITTEE QUARTERLY FOR ANY CONFLICTS. FORM 990, PART VI, LINE 15A & 15B COMPENSATION POLICY 990 Part VI-LINE 15A: IN SEPTEMBER 2019, THE ORGANIZATION, WITH REVIEW AND APPROVAL OF THE GOVERNANCE, FINANCE AND COMPENSATION COMMITTEE AND INPUT FROM OUTSIDE COMPENSATION CONSULTANTS GRANT THORNTON, LLP, EXTENDED THE EMPLOYMENT CONTRACT OF ITS PRESIDENT FOR AN ADDITIONAL TERM OF TEN YEARS ENDING DECEMBER 31, 2029. PART VI - LINE 15B IN 2018 THE ORGANIZATION RE-ENGAGED GRANT THORNTON LLP TO REVIEW THE COMPENSATION LEVELS OF OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION TO PROVIDE THE BOARD WITH A DETERMINATION OF COMPENSATION FOR THOSE EMPLOYEES. AS A RESULT OF THIS DETERMINATION NO COMPENSATION DECISIONS WERE MADE FOR ANY OTHER OFFICER OR KEY EMPLOYEES OF THE ORGANIZATION DURING 2020. FORM 990, PART VI, LINE 19 DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION COPIES OF THE ANNUAL FINANCIALS AND OTHER GOVERNING DOCUMENTS ARE SENT TO THE STATE OF NEW YORK, NEW YORK STATE BOND COMMISSION, AND THE BOARD OF DIRECTORS. COPIES ARE ON FILE AND AVAILABLE UPON REQUEST. THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990 PAYROLL EHS, INC. (EHS) CONTRACTS WITH ADP TOTAL SOURCE FOR THEIR HUMAN RESOURCES/PAYROLL SERVICES. AS SUCH, ALL EMPLOYEES OF EHS ARE A PART OF ADP'S PROFESSIONAL EMPLOYER ORGANIZATION (PEO) GROUP. FOR W-2 PURPOSES, ADP IS LISTED AS THE EMPLOYER OF ALL EHS EMPLOYEES. EHS IS THE SOLE ENTITY THAT PAYS THE EMPLOYEES OF ALL THE RELATED/CONTROLLING ENTITIES. ALLOCATIONS ARE MADE FROM EHS TO THESE ENTITIES, BASED ON ACTUAL TIME WORKED BY EACH EMPLOYEE WHEN KNOWN, OR BY AN ALLOCATION OF MANAGEMENT SALARIES BASED UPON THE ESTIMATED TIME WORKED THROUGH THE YEAR ON THESE ENTITIES. HOURS OF BOARD MEMBERS ARE BASED UPON THE QUARTERLY AND MONTHLY MEETINGS INCLUDING REGULAR INTERACTIONS WITH MANAGEMENT IN PERSON AND TELEPHONICALLY AS IT RELATES TO A PARTICULAR ENTITY. FORM 990 - Part VII IND CONTRACTORS IN THE FOLLOWING SECTION THE COMPENSATION TO REALTY CROWN MANAGEMENT OF $867,000 REPRESENTS THE OPERATING COSTS FOR TWO BUILDINGS. THESE COSTS INCLUDE: REAL ESTATE TAXES, UTILITIES, MANAGEMENT FEES, CLEANING, SECURITY, MAJOR REPAIRS TO MACHINERY, INSURANCE EXPENSES AND OVERALL GENERAL EXPENSES TO OPERATE THE BUILDINGS EFFICIENTLY. IN 2019 THIS EXPENSE TOTALED $2,265,000. EHS CLARK STREET RESIDENCE LLC 55 CLARK STREET BROOKLYN NY 11201 020739597 STUD. 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