2017-11-13T15:12:46-06:00 2016-12-31 BDO USA LLP 401 BROADHOLLOW ROAD STE 201 MELVILLE NY 11747 990 2016-01-01 113200785 SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION % TUC MANAGEMENT SHOR 7189217742 6323 7TH AVENUE BROOKLYN NY 11220 ALEXANDER BALKO PRESIDENT/CEO 7189217742 2017-10-19 true Angelo Pirozzi CPA P00446022 6315019600 2017-10-19 162.249.80.3 12894920173175000024 2017-11-13 P EE057800E4A178E9AC3AFE9F4334FD4004F4CA47 EE057800E4A178E9AC3AFE9F4334FD4004F4CA47 2016 2017-02-10 21:41:12Z ALEXANDER BALKO 6323 7TH AVENUE BROOKLYN NY 11220 704170 false X WWW.MJHS.ORG X 1994 NY TO PROVIDE HOUSING TO THE ELDERLY 3 1 0 1 0 0 0 695872 696047 1093 1077 5352 7046 702317 704170 0 0 0 0 133670 149247 0 0 0 1156140 1147957 1289810 1297204 -587493 -593034 10018732 9331267 11437126 11342695 -1418394 -2011428 SHOREFRONT TOWERS OPERATES A 116 UNIT, NOT-FOR-PROFIT, RESIDENTIAL APARTMENT BUILDING COMPLEX FOR THE ELDERLY AND THOSE IN NEED OF CHARITABLE SUPPORT. false false 1167536 696047 SHOREFRONT TOWERS OPERATES A 116 UNIT, NOT-FOR-PROFIT, RESIDENTIAL APARTMENT BUILDING COMPLEX FOR THE ELDERLY AND THOSE IN NEED OF CHARITABLE SUPPORT. 1167536 true false false false false false false false true false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false true 4 0 true 0 false false false false false false false false false false X 3 1 false true false false false false false true true false false true true true true true true false false false NY X TUC MANAGEMENT 2127657900 200 WEST 57TH STREET NEW YORK NY 10019 Alexander Balko CeO/President 0.5 34.5 X X 0 1142119 108930 Eli Feldman as of 116 Director 0.5 27.5 X 0 1032296 182343 Shmuel Lefkowitz Director 0.5 3.5 X 0 0 0 Jeffrey Davis Chief Financial Officer 0.5 34.5 X 0 558021 88367 Robert Leamer assistant secretary 0.5 34.5 X 0 508178 97185 0 3240614 476825 0 false true false US Security Association PO Box 931703 ATLANTA GA 31196 SECURITY 135634 TUC Management Company 4 Executive Blvd-Suite 100 SUFFRIN NY 10901 Management Services 102414 2 0 RENTAL INCOME 531110 696047 696047 696047 1077 1077 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LAUNDRY AND VENDING 900099 3600 3600 OTHER REVENUE 900099 3446 3446 7046 704170 696047 8123 X 0 0 0 0 0 0 112800 112800 0 26729 26729 9718 9718 87251 87251 319 319 20800 20800 0 0 0 175748 175748 0 12958 8557 4401 0 0 288698 288698 0 0 205 205 0 0 478546 478546 1740 1740 ELDERLY CARE EXPENSES 65000 65000 DUES AND SUBSCRIPTIONS 250 250 MISCELLANEOUS EXPENSES 16442 16442 1297204 1167536 129668 0 68847 182003 640686 294263 0 0 8841 4418 0 0 0 0 0 0 0 0 6446 10472 16959964 8148569 9265244 8811395 0 0 0 0 0 0 0 0 28668 28716 10018732 9331267 145857 51772 0 0 12573 11107 0 0 28668 28716 0 0 11169850 11169850 0 0 80178 81250 11437126 11342695 X -1418394 -2011428 0 0 0 0 -1418394 -2011428 10018732 9331267 -593034 X X false true X true true true X 0 0 0 0 0 0 692690 695524 695395 695872 696047 3475528 0 0 0 692690 695524 695395 695872 696047 3475528 0 0 0 3475528 1453 1265 1240 1093 1077 6128 0 1453 1265 1240 1093 1077 6128 0 5794 5138 8553 5352 7046 31883 699937 701927 705188 702317 704170 3513539 0.98918 0.98905 0.00174 0.00163 X false true X 169000 169000 16644729 8056023 8588706 98291 46206 52085 47944 46340 1604 8811395 0 DUE TO RELATED PARTIES 81250 81250 X 710242 6072 6072 704170 704170 1303276 6072 6072 1297204 1297204 PART IV, LINE 2B SHOREFRONT TOWERS IS REQUIRED TO PLACE TENANT SECURITY DEPOSITS INTO AN INTEREST-BEARING ACCOUNT. ALL TENANT SECURITY DEPOSITS ARE CONSIDERED THE PROPERTY OF THE TENANT AND MAY NOT BE COMMINGLED WITH PERSONAL MONIES OR BECOME AN ASSET OF SHOREFRONT TOWERS. UPON CESSATION OF EACH TENANT'S STAY AT SHOREFRONT TOWERS, THE SECURITY DEPOSIT IS RETURNED TO THE TENANT OR A FAMILY MEMBER. PART X, LINE 2: SHOREFRONT TOWERS HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2013 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT FREE UNIT - 6,072 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT FREE UNIT - 6,072 false false false false false false false false false Alexander Balko CeO/President 0 979466 0 98159 0 64494 0 45713 0 63217 0 1251049 0 0 Eli Feldman as of 116 Director 0 735740 0 0 0 296556 0 45713 0 136630 0 1214639 0 192857 Jeffrey Davis Chief Financial Officer 0 519754 0 0 0 38267 0 37100 0 51267 0 646388 0 0 Robert Leamer assistant secretary 0 458118 0 0 0 50060 0 45713 0 51472 0 605363 0 0 PART I, LINE 3: THE SALARIES FOR THE EXECUTIVES ARE DETERMINED BY METROPOLITAN JEWISH HEALTH SYSTEM INC. A RELATED ORGANIZATION. THE METHODS UTILIZED INCLUDE A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANTS, REVIEW OF THE FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEYS OR STUDIES AND APPROVAL BY THE COMPENSATION COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 3: SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION IS MANAGED BY TUC MANAGEMENT CO., INC. FORM 990, PART VI, SECTION B, LINE 11: DRAFTS OF THE COMPLETED RETURNS ARE REVIEWED BY THE PRESIDENT, CFO, SENIOR VP, GENERAL COUNSEL AND THEIR STAFF. ANY COMMENTS ARISING FROM THEIR REVIEW ARE DISCUSSED AND, IF REQUIRED, CHANGES ARE MADE TO THE DRAFT. THAT DRAFT WILL BE SUBMITTED TO THE MJHS EXECUTIVE COMMITTEE FOR ITS REVIEW AND APPROVAL. ONCE THE COMMITTEE HAS COMPLETED ITS REVIEW COPIES OF THE RETURNS WILL BE PROVIDED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C: EACH DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS MUST FILE AND MAINTAIN CURRENT THE ORGANIZATION'S DIRECTORS BIOGRAPHICAL INFORMATION FORM AND, ON AN ANNUAL BASIS, COMPLETE THE ORGANIZATION'S DIRECTORS CONFLICT OF INTEREST STATEMENT AND ACKNOWLEDGEMENT WHICH ACKNOWLEDGES THAT EACH INDIVIDUAL HAS DISCLOSED ANY POTENTIAL CONFLICT OF INTEREST; RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; READ AND UNDERSTANDS THE CONFLICTS OF INTEREST POLICY; AND AGREED TO COMPLY WITH THE CONFLICTS OF INTEREST POLICY. THE SENIOR VICE PRESIDENT/GENERAL COUNSEL SUPERVISES THE DISTRIBUTION, COLLECTION AND REVIEW OF THE ANNUAL DIRECTORS CONFLICT OF INTEREST STATEMENT AND ACKNOWLEDGEMENT. FROM TIME TO TIME, DIRECTORS, PRINCIPAL OFFICERS, KEY EMPLOYEES AND/OR COMMITTEE MEMBERS ARE REMINDED OF THEIR OBLIGATION TO DISCLOSE POTENTIAL OR ACTUAL CONFLICTS OF INTEREST WHEN AND IF THEY ARISE. PROCEDURES FOR MANAGING IDENTIFIED CONFLICTS: EACH DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE AND MEMBER OF A BOARD COMMITTEE IS REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST TO THE INDIVIDUAL CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. IN THE EVENT OF SUCH A DISCLOSURE, THE INTERESTED PARTY IS EXCUSED FROM THE MEETING AND THE BOARD/COMMITTEE DETERMINES WHETHER A CONFLICT EXISTS. IF THE BOARD/COMMITTEE DETERMINES THAT A CONFLICT EXISTS, THE CHAIRPERSON OF THE BOARD OR DESIGNEE (IF APPROPRIATE) WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE AND REPORT TO THE BOARD OF DIRECTORS ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. BASED ON THE INFORMATION FURNISHED BY THE DISINTERESTED PERSON OR COMMITTEE, THE BOARD OF DIRECTORS WILL MAKE A DETERMINATION OF WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR MORE REASONABLE ARRANGEMENTS FROM AN ENTITY OR PERSON THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST IS NOT REASONABLY ATTAINABLE UNDER THE CIRCUMSTANCES, THE BOARD OF DIRECTORS WILL DETERMINE, BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE ORGANIZATION. ALL OF THE ACTIONS STATED ABOVE SHALL BE REFLECTED IN THE BOARD/COMMITTEE MINUTES. IN THE EVENT THAT A DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE OR MEMBER OF ABOARD COMMITTEE FAILS TO DISCLOSE A POTENTIAL OR ACTUAL CONFLICT OF INTEREST, THE BOARD/COMMITTEE, AFTER AFFORDING THE INDIVIDUAL DUE PROCESS, SHALL DETERMINE WHETHER THE INDIVIDUAL VIOLATED THE CONFLICT OF INTEREST POLICY BY FAILING TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST AND, IN THE EVENT OF A DETERMINATION THAT A VIOLATION OCCURRED, TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15: METROPOLITAN JEWISH HEALTH SYSTEM, INC., A RELATED ORGANIZATION, RETAINS THE SERVICES OF A MAJOR EXECUTIVE COMPENSATION FIRM TO REVIEW MARKET PAY PRACTICES AND AVERAGE SALARY MOVEMENT AMONG SIMILARLY SITUATED EXECUTIVES. THE EXECUTIVE COMPENSATION FIRM IS ASKED TO DEVELOP A COMPARATIVE BASE THAT IS AS CLOSE AS POSSIBLE TO OUR ORGANIZATION. DIFFERENT COMPARATIVE GROUPS ARE CONSIDERED FOR EACH POSITION, CEO AND SENIOR VP'S AS APPROPRIATE. THIS MARKET ANALYSIS IS THEN REVIEWED BY THE COMPENSATION COMMITTEE IN DETERMINING SALARY ADJUSTMENTS FROM THE PERSPECTIVE OF MARKET COMPETITIVENESS AND PRIOR YEAR PERFORMANCE. PERFORMANCE IS BASED ON THE EXTENT THAT EACH EXECUTIVE HAS ACHIEVED HIS/HER GOALS. BONUS ELIGIBILITY IS DONE IN A SIMILAR MANNER. OTHER KEY EMPLOYEES ARE MANAGED IN SIMILAR MANNER THROUGH THE HUMAN RESOURCES DEPARTMENT UNDER THE DIRECTION OF THE SENIOR VICE PRESIDENT FOR HUMAN RESOURCES IN CONJUNCTION WITH THE CEO, USING LOCAL SURVEYS TO ENSURE MARKET COMPETITIVENESS. FORM 990, PART VI, SECTION C, LINE 19: UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990 PART IX LINE 11G DESCRIPTION:MANAGEMENT CONSULTING TOTAL FEES:6773 FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTS TOTAL FEES:37283 FORM 990 PART IX LINE 11G DESCRIPTION:SECURITY CONTRACT TOTAL FEES:131692 METROPOLITAN JEWISH HEALTH SYSTEM INC 6323 7TH AVENUE BROOKLYN NY 11220 113538697 ADMIN SVCS NY 501(C)(3) 7 NA false MJGNHC Inc 6323 7TH AVENUE BROOKLYN NY 11220 237123076 NURSING HOME NY 501(C)(3) 3 NA false MENORAH HOME AND HOSPITAL FOR THE AGED 6323 7TH AVENUE BROOKLYN NY 11220 111672777 NURSING HOME NY 501(C)(3) 3 MJHS false SHOREFRONT JEWISH GERIATRIC CENTER INC 6323 7TH AVENUE BROOKLYN NY 11220 113072153 NURSING HOME NY 501(C)(3) 10 MJHS false METROPOLITAN JEWISH HOME CARE INC 6323 7TH AVENUE BROOKLYN NY 11220 320060822 HOME CARE NY 501(C)(3) 10 MJHS false ELDERPLAN INC 6323 7TH AVENUE BROOKLYN NY 11220 112625096 MEDICARE NY 501(C)(3) 10 NA false MENORAH FOUNDATION INC 6323 7TH AVENUE BROOKLYN NY 11220 113471173 FUNDRAISING NY 501(C)(3) 12 TYPE I MJHS FOUND false HOMEFIRST LHCSA INC 6323 7TH AVENUE BROOKLYN NY 11220 611501623 HOME CARE NY 501(C)(3) 12 TYPE I MJHS false MJHS FOUNDATION 6323 7TH AVENUE BROOKLYN NY 11220 111630753 FUNDRAISING NY 501(C)(3) 7 NA false MJHS HOSPICE AND PALLIATIVE CARE INC 6323 7TH AVENUE BROOKLYN NY 11220 133438643 HOSPICE NY 501(C)(3) 3 MJHS false MJHS MEDICAL ASSOCIATES PC 6323 7TH AVENUE BROOKLYN NY 11220 275273404 HEALTH CARE NY 501(C)(3) 10 MJHS false FIRST TO CARE HOMECARE INC 6323 7TH AVENUE BROOKLYN NY 11220 113300822 HOME HEALTH NY 501(C)(3) 10 MJHS false Institute for Applied Gereontology 6323 7th Avenue Brooklyn NY 11220 113135751 Research NY 501(C)(3) PF NA false Safepath Benefits Inc 6323 7th Avenue Brooklyn NY 11220 800540936 Insurance NY MJHS C Corporation 0 0 false MJGC Corp 6323 7th Avenue Brooklyn NY 11220 113356665 Holding Compa NY MJHS C Corporation 0 0 false false false false false false false false false false false false true false true true false false false PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME OF RELATED ORGANIZATION: ELDERPLAN, INC. PRIMARY ACTIVITY: MEDICARE ADVANTAGE SPECIAL NEEDS PLAN/MEDICAID MANAGED LONG TERM PLAN.