2019-11-05T09:49:45-06:00 2018-12-31 221478099 COHNREZNICK LLP 4 BECKER FARM ROAD ROSELAND NJ 07068 990 2018-01-01 821499016 ADDABBO CENTER FUTURE HOME INC ADDA 9738714200 6200 BEACH CHANNEL DR AVERNE NY 11692 MARJORIE J HILL PHD CEO 9738714200 2019-11-04 1 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2019-10-29 209.59.242.22 2019-11-04 09:46:50 ES P FA99D1B89736A51FCFA2ADCD82AC7C62A806A740 F9BA0E82A6D947CC92540FBC56E8B73643681DA5 2018 2020-01-14 16:20:31Z X MARJORIE J HILL PHD 6200 BEACH CHANNEL DR AVERNE NY 11692 3181221 0 X WWW.ADDABBO.ORG X 2017 NY THE PURPOSE IS TO FACILITATE THE BORROWINGS RELATED TO A NEW MARKETS TAX CREDIT TRANSACTION TO FINANCE THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CENTER FOR THE JOSEPH P. ADDABBO FAMILY HEALTH CENTER, INC. IN QUEENS, NEW YORK. 6 5 0 0 0 0 3178594 0 2377 250 3181221 252948 0 0 0 0 375123 628071 2553150 18052727 15499577 2553150 THE PURPOSE IS TO FACILITATE THE BORROWINGS RELATED TO A NEW MARKETS TAX CREDIT TRANSACTION TO FINANCE THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CENTER FOR THE JOSEPH P. ADDABBO FAMILY HEALTHCENTER, INC. IN QUEENS, NEW YORK. 0 0 628071 252948 250 THE ORGANIZATIONS SOLE PURPOSE IS TO FACILITATE THE BORROWINGS RELATED TO NEW MARKETS TAX CREDIT FINANCING TO FUND THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CENTER FOR THE JOSEPH P. ADDABBO FAMILY HEALTH CENTER, INC. IN QUEENS, NEW YORK. DURING THE YEAR, APPROXIMATELY $4.0M OF CAPITALIZED CONSTRUCTION COSTS WERE INCURRED. IN ACCORDANCE WITH THE VARIOUS NMTC LOAN AGREEMENTS, NO REPAYMENTS OF PRINCIPAL WAS REQUIRED TO BE MADE IN 2018, HOWEVER, INTEREST EXPENSE ON THOSE LOANS WAS INCURRED. A PORTION OF THE CASH INTEREST PAYEMNTS WAS EXPENSED AND RECOGNIZED AS PROGRAM EXPENDITURES. AT DECEMBER 31, 2018, THE PROJECT IS STILL UNDER CONSTRUCTION, ANTICIPATED COMPLETION DATE FOR THE ENTIRE PROJECT IS SPRING 2021. 628071 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MARJORIE J HILL PHD 9738714200 6200 BEACH CHANNEL DR AVERNE NY 11692 BETTY LEON TREASURER 1.00 1.00 X X 0 0 0 PATRICIA SIMON SECRETARY 1.00 X X 0 0 0 PHIL GOLDFEDET PRESIDENT 1.00 X X 0 0 0 MARJORIE J HILL PHD DIRECTOR/CEO 1.00 35.00 X 0 260543 19570 DR ALPHONSO WYATT DIRECTOR 1.00 X 0 0 0 TOM H NELSON GENERAL COUNSEL 1.00 X 0 0 0 0 260543 19570 0 0 1 0 0 3178594 3178594 2377 2377 MISCELLANEOUS INCOME 900099 250 250 250 3181221 250 0 2377 252948 252948 1832 1832 372747 372747 MISCELLANEOUS EXPENSES 544 544 628071 628071 0 0 10639690 6820975 0 6820975 0 592062 0 18052727 107767 15391810 0 15499577 X 2553150 0 2553150 0 18052727 2553150 0 X X 0 1 X 1 0 X X 1 THE JOSEPH P ADDABBO FAMILY HEALTH CENTER INC 061181226 7 1 252948 0 1 252948 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 0 SCHEDULE A, PART IV, SECTION E, LINE 2A: THE ORGANIZATIONS SOLE PURPOSE IS TO FACILITATE THE BORROWINGS RELATED TO NEW MARKETS TAX CREDIT FINANCING TO FUND THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CENTER FOR THE JOSEPH P. ADDABBO FAMILY HEALTH CENTER, INC. IN QUEENS, NY. 581606 581606 398514 398514 5840855 5840855 6820975 X 52511498 49330277 49330277 3181221 0 3181221 56438569 55810498 55810498 628071 0 628071 PART X, LINE 2: THE CENTER AND THE AFFILIATE WERE INCORPORATED AS NOT-FOR-PROFIT CORPORATIONS UNDER THE LAWS OF THE STATE OF NEW YORK AND ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, THERE IS NO PROVISION FOR INCOME TAXES. THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2018 AND 2017. THE CENTER'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2015 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS OPERATING EXPENSES, AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH ACCRUED EXPENSES IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 52,761,980. INTERCOMPANY ELIMINATIONS -3,431,703. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSE 59,242,201. INTERCOMPANY ELIMINATIONS -3,431,703. 1 THE JOSEPH P ADDABBO FAMILY HEALTH CENTER INC 6200 BEACH CHANNEL DR ARVERNE NY 11692 061181226 501(C)(3) 252948 REIMBURSEMENT OF CERTAIN COSTS INCURRED PRIOR TO NEW MARKET TAX CREDIT FINANCING CLOSING. PART I, LINE 2: CONTRIBUTION TO RELATED ORGANIZATION, THEREFORE, THE BOARD IS ABLE TO MONITOR USE OF FUNDS. 0 0 0 0 0 0 0 0 0 MARJORIE J HILL PHD DIRECTOR/CEO 0 255543 0 5000 0 0 0 17998 0 1572 0 280113 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE JOSEPH P. ADDABBO FAMILY HEALTH CENTER, INC. IS THE SOLE MEMBER OF ADDABBO CENTER FUTURE HOME, INC. FORM 990, PART VI, SECTION A, LINE 7A THE JOSEPH P. ADDABBO FAMILY HEALTH CENTER, INC. , AS SOLE MEMBER CAN APPOINT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE DISTRIBUTED TO ALL MEMBERS OF THE BOARD PRIOR TO FILING. SENIOR MANAGEMENT WILL PROVIDE THE BOARD WITH A BULLET SUMMARY OF NOTE-WORTHY AND / OR SIGNIFICANT MATTERS THAT REQUIRE BOARD ATTENTION, THAT BULLET SUMMARY AND THE FORM 990 ITSELF WILL BE REVIEWED AT A BOARD MEETING. HOWEVER, DUE TO THE INFREQUENT NATURE OF SCHEDULED BOARD MEETINGS, THIS DISTRIBUTION WILL BE DONE ELECTRONICALLY. ALL BOARD MEMBERS WILL HAVE THE OPPORTUNITY TO COMMENT OR RAISE QUESTION VIA AN ELECTRONIC RESPONSE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAINTAINS A CONFLICT OF INTEREST POLICY THAT IS PERIODICALLY DISTRIBUTED TO THE BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. SUCH POLICY ASKS THAT THE INDIVIDUAL CERTIFY THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY AND AGREES TO COMPLY. THE POLICY NOT ONLY COVERS THE INDIVIDUAL BUT ALSO ASKS FOR DISCLOSURES AS TO ANY IMMEDIATE FAMILY MEMBERS AND POSSIBLE FINANCIAL RELATIONSHIP OR TRANSACTIONAL CONFLICTS. THESE CERTIFICATIONS ARE KEPT IN THE FILE WITH EITHER HUMAN RESOURCES OR THE EXECUTIVE SECRETARY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. JOSEPH P ADDABBO FAMILY HEALTH CENTER INC 6200 BEACH CHANNEL DR ARVERNE NY 11692 061181226 HEALTH CARE NY 501(C)(3) LINE 7 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0