2025-11-12T10:23:59-06:00 2024-12-31 201317788 BOWERS & COMPANY CPAS PLLC 1120 COMMERCE PARK DRIVE EAST WATERTOWN NY 13601 990 2024-01-01 237154645 NEIGHBORS OF WATERTOWN INC NEIG 3157828497 112 FRANKLIN STREET WATERTOWN NY 13601 REGINALD SCHWEITZER EXECUTIVE DIRECTOR 3157828497 2025-11-10 1 0 ELIZABETH A BUSH P01264627 3157887690 2025-11-10 2024 2025-03-06 01:10:19Z REGINALD SCHWEITZER 112 FRANKLIN ST WATERTOWN NY 13601 6874923 0 X WWW.NEIGHBORSOFWATERTOWN.COM X 1972 NY PROVIDE LOW INCOME AND SINGLE OCCUPANCY HOUSING 12 12 63 13 0 0 1850079 2409904 3719063 4137029 196302 191549 96965 136441 5862409 6874923 1171031 1557563 0 0 2426207 2634901 0 0 0 2785449 2889185 6382687 7081649 -520278 -206726 28654052 28506494 8222223 8305571 20431829 20200923 X LOW INCOME & SINGLE OCCUPANCY HOUSING 0 0 1792854 1557563 PROVIDE HOME REHABILITATION TO INCOME QUALIFIED HOMEOWNERS THROUGH FEDERAL AND STATE GRANT FUNDS. 3690932 4137029 PROVIDE LOW INCOME HOUSING AND SINGLE OCCUPANCY HOUSING AND ASSISTANCE TO LOW INCOME INDIVIDUALS AND FAMILIES SEEKING AFFORDABLE HOUSING AS WELL AS COMMERCIAL REVITALIZATION IN DOWNTOWN WATERTOWN, NEW YORK AREA. 273166 136441 PROVIDE SUPPORT SERVICES TO INDIVIDUALS NEEDING ASSISTANCE IN LEARNING TO LIVE INDEPENDENTLY, WHO RESIDE IN SINGLE ROOM OCCUPANCY UNITS. 208371 PERFORM NEIGHBORHOOD AND RURAL PRESERVATION ACTIVITIES IN THE JEFFERSON COUNTY AREA. 208371 5965323 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 34 0 1 63 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X SARAH MILLARD 3157828497 112 FRANKLIN STREET WATERTOWN NY 13601 MARK GEBO PAST PRESIDENT 1.00 X 0 0 0 DONNA WHITE SECRETARY 1.00 X X 0 0 0 DONALD CALARCO TREASURER 1.00 X X 0 0 0 CARL MCLAUGHLIN DIRECTOR 1.00 X 0 0 0 DONALD FOOTE DIRECTOR 1.00 X 0 0 0 HEATHER BLAIR GALLAGHER DIRECTOR 1.00 X 0 0 0 JASON COMET DIRECTOR 1.00 X 0 0 0 CLYVENS EXANTUS DIRECTOR 1.00 X 0 0 0 VONNETTE MONTEITH DIRECTOR 1.00 X 0 0 0 ANGEL MUNSON DIRECTOR 1.00 X 0 0 0 ANTHONY FIORENTINO DIRECTOR 1.00 X 0 0 0 LORI GERVERA PRESIDENT 1.00 X X 0 0 0 REG SCHWEITZER EXEC. DIRECTOR 40.00 X 137875 0 22069 SARAH MILLARD FISCAL DIRECTOR 40.00 X 80625 0 16467 218500 0 38536 1 0 1 0 0 2409904 2409904 RENT INCOME 531110 2516386 2516386 MANAGEMENT FEES 532000 1620643 1620643 4137029 191549 191549 MISCELLANEOUS 531110 136441 136441 136441 6874923 4273470 0 191549 1557563 1557563 218500 189658 28842 1874112 1623438 250674 161046 139788 21258 201241 174944 26297 180002 156242 23760 10708 10708 76292 25550 50742 193400 153559 39841 10926 481 10445 23361 2791 20570 45406 45406 7567 7567 274023 211243 62780 758639 577237 181402 188327 154812 33515 REPAIRS & MAINTENANCE 454262 354594 99668 UTILITIES 273189 234070 39119 PROPERTY TAXES 190563 168685 21878 CREDIT LOSS EXPENSE 165410 155719 9691 217112 74241 142871 7081649 5965323 1116326 0 236440 599821 5092620 3570248 305241 482690 408283 291578 3790265 3471640 115274 119762 34753790 16717940 16667817 18035850 327879 267864 10369 438 1699864 1666603 28654052 28506494 239577 299806 782729 928698 5187660 5053114 200000 200000 1812257 1823953 8222223 8305571 X 20254137 20038037 177692 162886 20431829 20200923 28654052 28506494 -206726 -24180 0 X X 0 1 X 1 1 1 X 10290429 5399417 1963003 1850079 2409904 21912832 2339613 2654030 2716370 3719063 4137029 15566105 12630042 8053447 4679373 5569142 6546933 37478937 0 0 0 37478937 193998 204020 192830 202872 191549 985269 193998 204020 192830 202872 191549 985269 142090 40015 36649 96965 136441 452160 12966130 8297482 4908852 5868979 6874923 38916366 0.96310 0.96930 0.02530 0.02300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2567498 2567498 31997463 16619860 15377603 70703 36724 33979 118126 61356 56770 18035850 ADVANCES TO AFFILIATES 44767 INTEREST RECEIVABLE 469208 OTHER ASSETS 12224 INVENTORY 47508 PROPERTY HELD FOR SALE 420510 RIGHT OF USE ASSET - OPERATING LEASE 672386 1666603 ACCRUED PAYROLL AND RELATED ITEMS 245805 COMPENSATED ABSENCES 108243 DEFERRED RENT 4786 OTHER LIABILITIES 119421 ACCRUED INTEREST 676650 OPERATING LEASE LIABILITY 669048 1823953 X 6850743 -24180 -24180 6874923 0 6874923 7081649 0 7081649 0 7081649 PART X, LINE 2: THE ORGANIZATION'S FORMS 990 FOR THE YEARS 2023, 2022, AND 2021 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR 3 YEARS AFTER THEY ARE FILED. BASED ON ITS ANALYSIS, THE ORGANIZATION HAS DETERMINED THERE WERE NO UNCERTAIN TAX POSITIONS AND THE ORGANIZATION SHOULD PREVAIL UPON EXAMINATION BY TAXING AUTHORITIES. 1 FLOOD 16 308330 CDBG 30 428162 NCHC 21 230644 HOME DP ASSISTANCE 9 298735 ACCESS TO HOME FOR HEROES 10 144210 T-HIP 15 147482 0 0 0 0 0 0 0 0 0 REG SCHWEITZER EXEC. DIRECTOR 137875 0 0 0 0 0 0 0 22069 0 159944 0 0 0 FORM 990 PART V LINE 3A 124-136 FRANKLIN STREET LLC 112 FRANKLIN STREET WATERTOWN, NY 13601 EMPLOYER IDENTIFICATION NUMBER : 99-4518151 FOR THE YEAR ENDING DECEMBER 31, 2024 124-136 FRANKLIN STREET LLC HEREBY MAKES AN ELECTION UNDER SECTION 168(H)(6)(F)(II) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), WHICH PROVIDES THAT ANY GAIN RECOGNIZED BY A TAX-EXEMPT ENTITY (AS DEFINED IN SECTION 168(H)(2) OF THE CODE) ON ANY DISPOSITION OF AN INTEREST IN, AND ANY DIVIDEND INCOME OR INTEREST INCOME RECEIVED OR ACCRUED BY A TAX-EXEMPT ENTITY FROM 124-136 FRANKLIN STREET LLC, SHALL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 511." FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - FORM 990 IS PREPARED BY A CPA FIRM WHO PROVIDES A COPY TO BOARD MEMBERS AND EXECUTIVE DIRECTOR FOR REVIEW AT A REGULARLY SCHEDULED MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY WILL BE MONITORED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 BOARD OF DIRECTORS APPROVE SALARIES AS PART OF THE BUDGET PROCESS. SALARY INCREASES ARE LIMITED TO THE CONSTRAINTS OF THE BUDGET. AN ANNUAL REVIEW IS PERFORMED OF THE EXECUTIVE DIRECTOR AND A WRITTEN EVALUATION IS PREPARED. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE IS MADE UPON REQUEST. 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