2020-05-06T15:49:32-05:00 2019-12-31 010723685 DERMODY BURKE & BROWN CPAS LLC 443 N FRANKLIN ST STE 100 SYRACUSE NY 132041441 990 2019-01-01 462450456 LORETTO APARTMENTS AT O'BRIEN ROAD HOUSING DEVELOPMENT FUND COMPANY INC LORE 3154241821 990 JAMES STREET SYRACUSE NY 13203 KIMBERLY TOWNSEND CHAIRPERSON 3154241821 2020-03-03 1 DAVID J DE SILVA P00005255 3154719171 208.125.54.67 2020-03-03 13:44:14 ES P 8FA072056A7C4021F558364B7801956D91CE3001 35016198F61B45048F7A3671B15ABC32CC51211A 2019 2021-01-29 14:40:06Z KIMBERLY TOWNSEND 990 JAMES STREET SYRACUSE NY 13203 163331 0 X WWW.CHRISTOPHER-COMMUNITY.ORG X 2012 NY LOW-INCOME HOUSING 5 5 1 0 0 0 0 0 151413 161407 28 23 1247 1901 152688 163331 0 0 0 0 20423 20789 0 0 0 253511 254678 273934 275467 -121246 -112136 3470411 3359967 15133 16825 3455278 3343142 THE CORPORATION WAS ORGANIZED SOLELY AND SPECIFICALLY TO DEVELOP, OWN, AND OPERATE A LOW INCOME HOUSING PROJECT ON A NONPROFIT BASIS PERSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. 0 0 239239 161407 OPERATION OF A 24-UNIT IS SUBJECT TO A REGULATORY AGREEMENT FOR NONPROFIT AND PUBLIC MORTGAGES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE BUILDING IS CURRENTLY BEING CONSTRUCTED. 239239 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X CHRISTOPHER COMMUNITY INC 3154241821 990 JAMES STREET SYRACUSE NY 13203 X KIMBERLY TOWNSEND CHAIRPERSON 1.00 X X 0 0 0 JOHN R BRENNAN SECRETARY 1.00 X X 0 0 0 SISTER LINDA ANN PALMISANO MEMBER 1.00 X 0 0 0 JOHN MURRAY MEMBER 1.00 X 0 0 0 SRJANE BOURNE MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 PROG.SERV.REVENUE-RELA 531110 161407 161407 161407 23 23 LAUNDRY INCOME 812300 1551 1551 TENANT CHARGES 900099 315 315 MISCELLANEOUS 900099 35 35 1901 163331 161407 0 1924 16881 16881 2524 2524 1384 1384 13327 13327 10598 10598 321 321 15151 3409 11742 13893 13893 240 240 123117 123117 13093 13093 EQUIPMENT RENTAL & MAIN 43763 43763 SNOW REMOVAL 8787 8787 SEWER USE TAX 7984 7984 TRASH REMOVAL 4404 4404 275467 239239 36228 0 0 8358 43 230 10682 10945 3884214 609438 3375029 3274776 84657 65658 3470411 3359967 7141 8576 7992 8249 15133 16825 X 99878 -12258 3355400 3355400 3455278 3343142 3470411 3359967 -112136 0 X 0 1 X 0 1 1 X 120929 129797 148391 151413 161407 711937 120929 129797 148391 151413 161407 711937 0 0 0 711937 4 17 23 28 23 95 4 17 23 28 23 95 3830 3050 1153 1247 1901 11181 124763 132864 149567 152688 163331 723213 0.98440 0.98560 0.00010 0.00010 X 0 0 114704 114704 3678456 543556 3134900 91054 65882 25172 3274776 TENANT SECURITY DEPOSITS 8249 8249 X 163331 0 163331 0 163331 275467 0 275467 0 275467 PART X, LINE 2: THE CORPORATION HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). MANAGEMENT IS UNAWARE OF ANY UNRELATED BUSINESS ACTIVITIES THAT MAY BE SUBJECT TO UNRELATED BUSINESS INCOME TAX OR ANY ACTIVITIES THAT WOULD JEOPARDIZE THE CORPORATION'S EXEMPT STATUS. FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO CHRISTOPHER COMMUNITY UNDER THE DIRECT SUPERVISION OF THE BOARD OF DIRECTORS. THIS INCLUDES BOOKKEEPING, PROPERTY MANAGEMENT, AND PERSONNNEL RELATED FUNCTIONS. FORM 990, PART VI, SECTION A, LINE 6 LORETTO MANAGEMENT CORPORATION IS THE MEMBER OF LORETTO APARTMENTS AT O'BRIEN ROAD HOUSING DEVELOPMENT FUND COMPANY, INC. AND IS A NOT-FOR-PROFIT CORPORATION. THEIR EIN IS 22-2873640. FORM 990, PART VI, SECTION A, LINE 7A LORETTO MANAGEMENT CORPORATION ELECTS THE BOARD OF TRUSTEES ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B VP OF FINANCE FOR THE MANAGING AGENT RECEIVES THE 990 FROM THE CPA AND REVIEWS THE FORM. THE 990 IS REVIEWED BY THE CPA WITH THE BOARD OF DIRECTORS AS PART OF THE ANNUAL AUDIT MEETING PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE MANAGING AGENT REVIEWS THE CONFLICT OF INTEREST STATEMENTS SIGNED BY BOARD MEMBERS ANNUALLY FOR EACH PROPERTY. IF A CONFLICT ARISES, THE MANAGING AGENT MONITORS THE TRANSACTION TO ENSURE IT IS CONDUCTED AT ARMS-LENGTH. THE MANAGING AGENT DISCOURAGES THIS TYPE OF RELATIONSHIP AND RECOMMENDS AN ALTERNATIVE SITUATION IF AT ALL POSSIBLE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.