1850 SECOND AVENUE SERVICES CORP: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
1850 SECOND AVENUE SERVICES CORP (EIN 13-3557175)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-05-08
IRS object ID
201801289349301655
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-05-08T11:10:40-05:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271728945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'Connor Davies LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1665 Fifth AvenueAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133557175EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line11850 SECOND AVENUE SERVICES CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name Control1850BusinessNameControlTxt
Phone2129627653PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 PARK PLACE No 1416AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10007ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLinda HoffmanPersonNm
Person TitleCEOPersonTitleTxt
Phone2129627653PhoneNum
Signature2018-05-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGarrett M HigginsPreparerPersonNm
PTINP00543209PTIN
Phone2122862600PhoneNum
Preparation2018-05-03PreparationDt
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLinda R HoffmanPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 PARK PLACE No 1416AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10007ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$661,090GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.NYFSC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1989FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionPROVIDE 48 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS AND FAMILIES. Twenty-nine (29) of its tenants are a part of the ENRICHED HOUSING PROGRAM. This program provides apartment-based lifestyle for frail and handicapped seniors, complete with the specialized services that many require.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee6TotalEmployeeCnt
Total Volunteers4TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$646,741PYProgramServiceRevenueAmt
CY Program Service Revenue$655,541CYProgramServiceRevenueAmt
PY Investment Income$94PYInvestmentIncomeAmt
CY Investment Income$93CYInvestmentIncomeAmt
PY Other Revenue$5,618PYOtherRevenueAmt
CY Other Revenue$5,456CYOtherRevenueAmt
PY Total Revenue$652,453PYTotalRevenueAmt
CY Total Revenue$661,090CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$103,373PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$122,044CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$516,326PYOtherExpensesAmt
CY Other Expenses$554,816CYOtherExpensesAmt
PY Total Expenses$619,699PYTotalExpensesAmt
CY Total Expenses$676,860CYTotalExpensesAmt
PY Revenues Less Expenses$32,754PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$15,770CYRevenuesLessExpensesAmt
Total Assets BOY$3,173,301TotalAssetsBOYAmt
Total Assets EOY$3,182,248TotalAssetsEOYAmt
Total Liabilities BOY$3,081,370TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,106,087TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$91,931NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$76,161NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Mission1850 SECOND AVENUE SERVICES CORPORATION (THE "CORPORATION") IS ORGANIZED STRICTLY FOR THE CHARITABLE PURPOSE OF OWNING, REHABILITATING, LEASING, MANAGING, EQUIPPING, MAINTAINING, DEVELOPING AND OPERATING A HOUSING PROJECT FOR PERSONS and families OF LOW INCOME AND THE NEEDY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$676,860ExpenseAmt
Revenue$655,541RevenueAmt
Descprovides 48 units of subsidized, low income housing for senior citizens and families.Desc
Total Program Service Expenses$676,860TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document6IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee6EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Martha Bauer Chief Financial OfficerBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2129627653PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 PARK PLACE SUITE 1416AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10007ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Deborah Smith Bernstein
PRESIDENT0.203.20Yes (X)Yes (X)$0$0$0
ELIZABETH R TOZER
VICE PRESIDENT0.203.40Yes (X)Yes (X)$0$55,500$0
JOAN FINKELSTEIN
Executive Secretary0.203.00Yes (X)Yes (X)$0$0$0
ANN VAN NESS
BOARD MEMBER0.203.40Yes (X)$0$0$0
LINDA R HOFFMAN
CHIEF EXECUTIVE OFFICER1.0035.00Yes (X)$0$606,392$21,620
MARTHA BAUER
CHIEF FINANCIAL OFFICER1.0035.00Yes (X)$0$243,185$23,950
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$905,077TotReportableCompRltdOrgAmt
Total Other Compensation$45,570TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Allied Barton Security ServicesBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 828854AddressLine1Txt
CityPhiladelphiaCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19182ZIPCd
FieldValueIRS element (for citing)
Servicessecurity servicesServicesDesc
Compensation$110,638CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRENTAL INCOMEDesc
Business531110BusinessCd
Total Revenue Column$655,541TotalRevenueColumnAmt
Related Or Exempt Func Income$655,541RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$655,541TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$93TotalRevenueColumnAmt
Exclusion$93ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescLaundry & vending reveDesc
Business531110BusinessCd
Total Revenue Column$5,456TotalRevenueColumnAmt
Exclusion$5,456ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$5,456OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$661,090TotalRevenueColumnAmt
Related Or Exempt Func Income$655,541RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$5,549ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$78,599TotalAmt
Program Services$78,599ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$32,737TotalAmt
Program Services$32,737ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$10,708TotalAmt
Program Services$10,708ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$31,008TotalAmt
Program Services$31,008ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,041TotalAmt
Program Services$1,041ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$9,162TotalAmt
Program Services$9,162ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$206,930TotalAmt
Program Services$206,930ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,242TotalAmt
Program Services$6,242ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$166,129TotalAmt
Program Services$166,129ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$67,412TotalAmt
Program Services$67,412ProgramServicesAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescOperating & maintenanceDesc
Total$66,892TotalAmt
Program Services$66,892ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$676,860TotalAmt
Program Services$676,860ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$194,686BOYAmt
EOY$250,155EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,501BOYAmt
EOY$2,501EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,936BOYAmt
EOY$3,607EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$8,838BOYAmt
EOY$22,146EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,000,089LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$239,111LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,812,586BOYAmt
EOY$2,760,978EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$3,940BOYAmt
EOY$3,940EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$144,814BOYAmt
EOY$138,921EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,173,301BOYAmt
EOY$3,182,248EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$74,332BOYAmt
EOY$68,987EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$7,351BOYAmt
EOY$6,405EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,848,548BOYAmt
EOY$2,848,548EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$151,139BOYAmt
EOY$182,147EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,081,370BOYAmt
EOY$3,106,087EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$91,931BOYAmt
EOY$76,161EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$91,931BOYAmt
EOY$76,161EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,173,301BOYAmt
EOY$3,182,248EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$15,770ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$436,704CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$478,757CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$508,229CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$646,741CurrentTaxYearMinus1YearAmt
Current Tax Year$655,541CurrentTaxYearAmt
Total$2,725,972TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$436,704CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$478,757CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$508,229CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$646,741CurrentTaxYearMinus1YearAmt
Current Tax Year$655,541CurrentTaxYearAmt
Total$2,725,972TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$2,725,972PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$80CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$82CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$86CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$94CurrentTaxYearMinus1YearAmt
Current Tax Year$93CurrentTaxYearAmt
Total$435TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$80CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$82CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$86CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$94CurrentTaxYearMinus1YearAmt
Current Tax Year$93CurrentTaxYearAmt
Total$435TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,284CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,415CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,700CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,618CurrentTaxYearMinus1YearAmt
Current Tax Year$5,456CurrentTaxYearAmt
Total$31,473TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$446,068CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$487,254CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$511,015CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$652,453CurrentTaxYearMinus1YearAmt
Current Tax Year$661,090CurrentTaxYearAmt
Total$2,757,880TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.98840PublicSupportCY509Pct
Public Support PY5090.98700PublicSupportPY509Pct
Investment Income CY0.00020InvestmentIncomeCYPct
Investment Income PY0.00020InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part III, Line 12, Explanation of Other Income:FormAndLineReferenceDesc
Explanationlaundry Vending revenue - 2012 Amount: $ 2,463. 2013 Amount: $ 2,700. 2014 Amount: $ 2,700. 2015 Amount: $ 5,618. 2016 Amount: $ 5,456. Scrie Benefit - 2012 Amount: $ 6,821. 2013 Amount: $ 5,715.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$27,600OtherCostOrOtherBasisAmt
Book Value$27,600BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,969,332OtherCostOrOtherBasisAmt
Depreciation$235,954DepreciationAmt
Book Value$2,733,378BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,157OtherCostOrOtherBasisAmt
Depreciation$3,157DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,760,978TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DUE TO AFFILIATES$82,055
due to sponsor$100,092
FieldValueIRS element (for citing)
Total Liability$182,147TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$63,209,551TotalRevEtcAuditedFinclStmtAmt
Other Revenue$62,548,461OtherRevenueAmt
Revenue Not Reported$62,548,461RevenueNotReportedAmt
Revenue Subtotal$661,090RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$661,090TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$61,444,473TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$60,767,613OtherExpensesIncludedAmt
Expenses Not Reported$60,767,613ExpensesNotReportedAmt
Expenses Subtotal$676,860ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$676,860TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part IV, Line 2b:The Organization collects and maintains tenant security deposits in alignment with the following procedure. Residents provide the Building Management Officer with a security deposit upon moving into the housing unit. These funds are deposited into a separate account and held by the Organization to address future expenses that may be incurred for repairs and/or damages to the housing units after the tenant vacates the premises. The remaining security deposit funds are disbursed back to the tenant by the Organization when all necessary repairs have been completed to prepare the unit for an incoming tenant.
Part X, Line 2:The New York Foundation for Senior Citizens, Inc. and Related Entities recognize the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that The New York Foundation for Senior Citizens, Inc. and Related Entities had no uncertain tax positions that would require financial statement recognition or disclosure. The New York Foundation for Senior Citizens, Inc. and Related Entities are no longer subject to examination by the applicable taxing jurisdictions for periods prior to June 30, 2014.
Part XI, Line 2d - Other Adjustments:revenue attrituable to consolidated entities 62,548,461.
Part XII, Line 2d - Other Adjustments:expenses attrituable to consolidated entities 60,767,613.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
LINDA R HOFFMAN
CHIEF EXECUTIVE OFFICER$0$480,580$0$75,000$0$50,812$0$0$0$21,620$0$628,012$0$0
MARTHA BAUER
CHIEF FINANCIAL OFFICER$0$225,685$0$17,500$0$0$0$2,280$0$21,670$0$267,135$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 3FormAndLineReferenceDesc
ExplanationNEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. HAS ESTABLISHED A WRITTEN COMPENSATION POLICY FOR THEIR COMPENSATION COMMITTEE TO FOLLOW IN ESTABLISHING THE COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES. THE POLICY MANDATES THAT EXECUTIVE COMPENSATION BE REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE AND THAT THE COMMITTEE SHOULD BE FREE OF CONFLICTS OF INTEREST. IN ADDITION, THE APPROVING COMPENSATION COMMITTEE NEEDS TO REVIEW APPROPRIATE AND ADEQUATE DATA TO DETERMINE THE REASONABLENESS OF COMPENSATION BEING CONSIDERED. THE COMPENSATION COMMITTEE USES A VARIETY OF INFORMATION AND STUDIES THAT ARE AVAILABLE TO DETERMINE THAT THE APPROPRIATE LEVEL OF COMPENSATION IS BEING PAID TO ITS EXECUTIVES. IN JULY 2016, THE COMPENSATION COMMITTEE OF NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. ENGAGED AN OUTSIDE CONSULTING FIRM TO CONDUCT AN EXECUTIVE COMPENSATION STUDY WHICH INCLUDED A MARKET EVALUATION OF THE TOP FIVE POSITIONS WITHIN THE ORGANIZATION. THE COMPENSATION COMMITTEE'S DECISION ON THE AMOUNT OF COMPENSATION PAID IS REQUIRED TO BE ADEQUATELY DOCUMENTED IN A CONTEMPORANEOUSLY WRITTEN FORMAT AND SHOULD DOCUMENT THE DATE OF THE DECISION, THE MEMBERS PRESENT DURING THE DECISION AND THOSE WHO VOTED ON IT, THE FULL TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE COMPARABLE DATA USED AND RELIED UPON TO MAKE THE DECISION. THE COMPENSATION REVIEW PROCESS FOR THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES WAS LAST UNDERTAKEN IN SEPTEMBER 2017.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 3The Project purchases management services from a related management services corporation, New York Foundation for Senior Citizens, Inc. The management fees incurred as of June 30, 2017 were $31,008. Management Fees payable at June 30, 2017 were 100,092. The Management Company manages the building. They collect rent, pay bills, oversee the maintenance of the building and re-certify tenants annually to insure compliance with HUD requirements. Please refer to Part VII and schedule j as, Linda Hoffman and Martha Bauer are compensated by the related entity.
Form 990, Part VI, Section B, line 11b1850 Second Avenue Services Corporation has its Form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate: when the Form 990 has been prepared, reviewed by management and is ready to be filed with the Internal Revenue Service, it's submitted electronically to a representative member of the organization's governing body for any comments prior to its submission. The governing body is provided with one week to review the prepared Form 990 and provide their comments. Any comments are then grouped, summarized and provided to the management committee in charge of filing the return for their review. Each issue is documented and addressed until the return is finalized and approved for filing.
Form 990, Part VI, Section B, line 12c1850 SECOND AVENUE SERVICES CORPORATION currently has in place a conflict of interest policy which it annually monitors and enforces. The board currently mandates that all members of management and the governing body annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. The signed conflict of interest policy is submitted to the corporate compliance officer who reviews the signed attestations for potential or actual conflicts. If a potential or actual conflict of interest exists, the corporate compliance officer will notify a member of management or the governing body about such conflict and investigate the conflict. The results of the investigation will be summarized and documented by the corporate compliance officer and be reported to the governing body. If the corporate compliance officer establishes that an actual conflict exists, the member of management or the governing body will be notified immediately and will not be allowed to vote or be a part of any decisions about any such transactions that have to do with the conflict until such time there is no longer a conflict.
Form 990, Part VI, Section C, line 191850 Second Avenue Services Corporation Form 990 is available for public inspection as required under section 6104 of the Internal Revenue Code. The return is posted on guidestar.org and other similar types of websites. In addition, Forms 990 and 1023 as well as the governing documents, conflict of interest policy and financial statements are available upon written request at 11 Park Place, Suite 1416, New York, NY 10007 or by calling the organization directly at (212) 962-7653.
FORM 990, PART VII: EXPLANATION OF PAYMENT TO ELIZABETH F. TOZERBOARD MEMBER ELIZABETH F. TOZER RECEIVES NO COMPENSATION IN HER CAPACITY AS BOARD MEMBER AND OFFICER. SHE DOES RECEIVE COMPENSATION IN HER CAPACITY AS INTERIOR DESIGN CONSULTANT TO NYFSC, INC., a related organization.
Form 990, Part IX, line 11gmaintenance services: Program service expenses 85,144. Management and general expenses 0. Fundraising expenses 0. Total expenses 85,144. security: Program service expenses 121,786. Management and general expenses 0. Fundraising expenses 0. Total expenses 121,786.
FORM 990, PART XI, LINE 2C:1850 SECOND AVENUE SERVICES CORPORATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (12 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACd
New York Fdtn for Senior Citizens Inc - Guardian Services
11 Park Place Suite 1416new yorkNY10007133501671legal guardian for adults enrolled in NYC's Human Resources Admin. Prgm.NY501(c)(3)Line 7new York Foundation for Senior Citizens Inc0
NEW YORK FOUNDATION FOR SENIOR Citizens Inc
11 Park Place Suite 1416new yorkNY10007132618568IMPROVE the QUALITY OF LIFE FOR the ELDERLY.NY501(c)(3)Line 70N/A
New York Fdtn for Senior Citizens - Home Attendant Svcs inc
11 Park Place Suite 1416new yorkNY10007133083582Long-term care Home Attendant Program for the eldery.NY501(c)(3)Line 7new York Foundation for Senior Citizens Inc0
GEORGE DALY HDFC INC
11 Park Place Suite 1416new yorkNY10007133535818TO PROVIDE TRANSITIONAL HOUSING FOR THE HOMELESS.NY501(c)(3)Line 7new York Foundation for Senior Citizens Inc0
80-92 Ridge Street HDFC Inc
11 Park Place Suite 1416new yorkNY10007133584060subsidized housing for the elderly.NY501(c)(3)Line 10new York Foundation for Senior Citizens Inc0
Tenth and 51st HDFC Inc
11 Park Place Suite 1416new yorkNY10007133270654subsidized housing for the elderly.NY501(c)(3)Line 10new York Foundation for Senior Citizens Inc0
yorkville gardens hdfc inc
11 Park Place Suite 1416new yorkNY10007133085054subsidized housing for the elderly.NY501(c)(3)Line 10new York Foundation for Senior Citizens Inc0
concourse Gardens hdfc inc
11 Park Place Suite 1416new yorkNY10007133696061subsidized housing for the elderly.NY501(c)(3)Line 10new York Foundation for Senior Citizens Inc0
cumberland Gardens hdfc inc
11 Park Place Suite 1416new yorkNY10007133907908subsidized housing for the elderly.NY501(c)(3)Line 10new York Foundation for Senior Citizens Inc0
alma rangel gardens HDFC inc
11 Park Place Suite 1416new yorkNY10007134066940subsidized housing for the elderly.NY501(c)(3)Line 10new York Foundation for Senior Citizens Inc0
river view gardens hdfc inc
11 Park Place Suite 1416new yorkNY10007133995933subsidized housing for the elderly.NY501(c)(3)Line 10new York Foundation for Senior Citizens Inc0
surf Gardens HDFC Inc
11 Park Place Suite 1416new yorkNY10007205437122subsidized for housing for the elderly.NY501(c)(3)Line 10new York Foundation for Senior Citizens Inc0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Surf gardens Coney Island LPBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 park place rm 1416AddressLine1Txt
Citynew yorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10007ZIPCd
FieldValueIRS element (for citing)
EIN262956023EIN
Primary ActivitiesLow Income Housing for the elderlyPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1surf gardens gp incBusinessNameLine1Txt
FieldValueIRS element (for citing)
Predominant Income Typen/aPredominantIncomeTypeTxt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing Partner0GeneralOrManagingPartnerInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Surf Gardens GP incBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 park place rm 1416AddressLine1Txt
Citynew yorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10007ZIPCd
FieldValueIRS element (for citing)
EIN262956084EIN
Primary ActivitiesReal estatePrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1new york foundation for senior citizens incBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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