2016-02-27T15:42:29-06:00 2015-06-30 221478099 COHNREZNICK LLP 1212 AVENUE OF THE AMERICAS NEW YORK NY 10036 990 2014-07-01 112290832 HANAC INC HANA 2128408005 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 JOHN P KAITERIS EXECUTIVE DIRECTOR/CEO 2128408005 2016-02-27 1 THOMAS LANNING P00851654 2122970400 2014 2016-08-17 19:52:53Z JOHN P KAITERIS 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 11418416 0 X WWW.HANAC.ORG X 1972 NY TO DEVELOP, IMPLEMENT AND ADMINISTER THE OPERATION OF SERVICE PROGRAMS FOR THE BETTERMENT OF THE COMMUNITY. 10 10 407 280 0 0 9485880 10454284 466410 410507 19297 11086 145254 297801 10116841 11173678 0 0 0 0 6288711 7325273 0 0 90155 3641067 4233938 9929778 11559211 187063 -385533 19380597 20547477 13897629 15466518 5482968 5080959 X TO DEVELOP, IMPLEMENT AND ADMINISTER VARIOUS SERVICES FOR THE BETTERMENT OF THE GENERAL COMMUNITY INCLUDING SOCIAL, EDUCATIONAL, EMPLOYMENT TRAINING, MENTAL HEALTH, CULTURAL, CHILD CARE, HOUSING, HOME CARE FOR SENIOR CITIZENS, AND YOUTH SERVICES, TO ANY AND ALL WHO ARE NEEDY WITHOUT DISCRIMINATION AS TO RACE, CREED, NATIONAL ORIGIN OR OTHER DEFINING CHARACTERISTIC, AND TO WORK CLOSELY WITH OTHER SERVICE PROVIDERS, THE CITY, STATE AND FEDERAL GOVERNMENT FOR THE BETTERMENT OF THE COMMUNITY. 0 0 2667624 241200 AGING -THE HANAC SENIOR CENTERS OFFER CITIZENS, AGE 60 AND ABOVE, AN OPPORTUNITY TO GATHER IN A CONGENIAL ENVIRONMENT TO PARTICIPATE IN ACTIVITIES THAT WILL ENHANCE THEIR ABILITY TO REMAIN ACTIVE AND INVOLVED IN THEIR COMMUNITY. THE JVL SENIOR CENTER AND ITS SATELLITE THE ARCHBISHOP IAKOVOS SENIOR CENTER ARE YEAR ROUND PROGRAMS THAT OPERATE DAILY FORM 9 AM TO 4PM WITH SCHEDULED PROGRAMMING THAT OFFER MEMBERS ACTIVE INFORMAL AND PLANNED SOCIAL ACTIVITIES; THE OPPORTUNITY TO DEVELOP NEW FRIENDSHIPS, INTEREST, HOBBIES, AND EDUCATIONAL OPPORTUNITIES; REFERRALS FOR SOCIAL SERVICES; AND, A DAILY LUNCHEON PROGRAM. MEMBERS ARE ENCOURAGED TO PLAY AN ACTIVE ROLE IN PROGRAM PLANNING AND IN THE DAILY OPERATIONS OF THE CENTERS. THE ADVISORY COMMITTEE, AT EACH CENTER, IS COMPRISED OF SENIOR CITIZENS AND COMMUNITY LEADERS AND MEETS REGULARLY TO DISCUSS PROGRAMMATIC ISSUES AND TO FORMULATE NEW GOALS FOR THE PROGRAM. A STRONG EMPHASIS IS PLACED ON SERVICES TO THE FRAIL ELDERLY. THIS PROGRAM SERVICES ALMOST 50,000 MEALS ANNUALLY WITH 970 EDUCATIONAL/RECREATIONAL ACTIVITIES AND 12 NUTRITION CLASSES. THIS PROGRAM IS FUNDED THROUGH THE NEW YORK CITY DEPARTMENT FOR THE AGING WITH A BUDGET OF $2,088,460; MEALS AND ACTIVITIES TO OVER 2,000 ELDERLY CLIENTS. 2326355 YOUTH SERVICES - PROVIDES AFTER SCHOOL PROGRAMS IN SCHOOLS TO ELEMENTARY AND HIGH SCHOOL STUDENTS. HOMEWORK HELP, TUTORING, ARTS AND CRAFTS, SPORTS AND CURRICULUM BASED PROGRAMMING IS PROVIDED. ONE PROGRAM JUST PROVIDES A LITERACY PROGRAM TO STUDENTS IN NEED OF THESE SERVICES. 2222208 537859 RESIDENTIAL -THE WEATHERIZATION ASSISTANCE PROGRAM IS COMMITTED TO REDUCING HEATING AND ELECTRICAL COSTS WHILE INCREASING COMFORT FOR LOW-INCOME FAMILIES BY IMPROVING THE ENERGY EFFICIENCY OF THEIR HOMES. ONCE AN APPLICANT IS DEEMED ELIGIBLE, A COMPREHENSIVE ENERGY ANALYSIS OF THE APPLICANT'S HOME IS CONDUCTED. BASED ON THAT ANALYSIS AND THE FUNDS AVAILABLE, WEATHERIZATION MEASURES ARE INSTITUTED WHICH HAVE BEEN DETERMINED TO BE THE MOST COST-EFFECTIVE IN REDUCING THE APPLICANT'S ENERGY CONSUMPTION WHILE INCREASING THEIR COMFORT. WE PROVIDE ENERGY CONSERVATION MEASURES SUCH AS HIGH EFFICIENCY LIGHTING, ENERGY STAR REFRIGERATORS, ROOF INSULATION, BOILER AND WINDOW REPAIR AND REPLACEMENT AND MUCH MORE, DEPENDING ON ENERGY ANALYSIS OF EACH BUILDING. ANY SIZE BUILDING IS ELIGIBLE TO APPLY. WEATHERIZATION IS THE ONLY NEW YORK STATE DEPARTMENT OF HOUSING AND COMMUNITY RENEWAL (NYSDHCR) SPONSORED PROGRAM THAT EFFECTIVELY DEALS WITH ENERGY CONSERVATION AND GIVES BOTH SHORT-TERM AND LONG-TERM SAVINGS BENEFITS TO LANDLORD AND TENANTS. 845661 EDUCATION - THE HANAC BEGIN PROGRAM MISSION IS TO ASSIST STUDENTS TO BECOME FINANCIALLY INDEPENDENT BY INCREASING THEIR ACADEMIC SKILLS AND PROVIDING THEM WITH JOB READINESS AND WORK EXPERIENCE PUBIC ASSISTANT RECIPIENTS THAT RESIDE IN MANHATTAN AND PARTS OF THE BRONX ARE ELIGIBLE TO PARTICIPATE IN THE PROGRAM AND ARE REFERRED TO US THROUGH THE HRA JOB CENTERS EVERY TWO WEEKS, YEAR ROUND OUR STUDENTS ARE ENGAGED 35 HOURS PER WEEK, 2 DAYS IN EDUCATIONAL CLASSES AND 3 DAYS AT A WORKSITE FROM 9 AM TO 5 PM DURING OUR TWO WEEK ORIENTATION, STUDENTS ARE ASSESSED AND PLACED IN THEIR APPROPRIATE READING AND MATH LEVELS AND ARE ASSIGNED A WORKSITE BY THEIR CASEWORKER STUDENTS CAN REMAIN IN OUR PROGRAM FROM 6 MONTHS TO 18 MONTHS DEPENDING ON THEIR LEVEL AND PROGRESS OUR BEGIN WORK STUDY PROGRAM (BWS) OFFERS CLASSES FROM LITERACY UP TO AND INCLUDING GED OUR LANGUAGE WORK STUDY PROGRAM (LWS) OFFERS ENGLISH AS A SECOND LANGUAGE INSTRUCTION FROM BEGINNING TO ADVANCE LEVEL THESE PROGRAMS ARE FUNDED BY THE NEW YORK CITY HUMAN RESOURCES ADMINISTRATION AND SERVE APPROXIMATELY 600 STUDENTS ANNUALLY THE BWS PROGRAM HAS A BUDGET OF $792,292 AND THE LWS HAS A BUDGET OF $545,041. 763214 SOCIAL SERVICES - PROVIDES ASSISTANCE WITH ENTITLEMENTS INFORMATION AND REFERRAL SERVICES TO SENIORS, FAMILIES, INDIVIDUALS AND IMMIGRANTS. SERVICES RANGE FROM SENIOR ENTITLEMENTS, FAMILY COUNSELING, HOUSING, MEDICARE PART D, IMMIGRATION ASSISTANCE AND COUNSELING, CAREGIVERS SERVICES. 539885 SUBSTANCE ABUSE - PROGRAM IS A MEDICALLY SUPERVISED PROGRAM THAT PROVIDES SUBSTANCE ABUSE COUNSELING AND A SCHOOL COMPONENT THAT PROVIDES ON SITE WORKSHOPS AND ONE ON ONE COUNSELING TO STUDENTS. 247420 TRAINING AND EMPLOYMENT - PROVIDES JOB TRAINING AND PLACEMENT FOR LOW INCOME CLIENTS. SECURITY GUARD, CUSTOMER SERVICE AND GED CLASSED ARE PROVIDED. SOFT SKILLS ARE TAUGHT AND FOLLOW UP SERVICES SO THERE CAN BE RETENTION IN THE JOB PLACEMENTS. 2396180 9612367 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 81 0 1 407 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X LOLA MAROULIS 2128408005 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 ARTHUR CHELIOTIS VICE PRESIDENT 0.25 1.50 X X 0 0 0 CHARLES CAPETANAKIS MEMBER OF THE BOARD 0.30 X 0 0 0 CONSTANTIA PAPAGEORGIOU MEMBER OF THE BOARD 0.25 X 0 0 0 DEMTRIA TSAGARIS MEMBER OF THE BOARD 0.30 X 0 0 0 DENNIS YUELYS CHARIMAN 0.30 X 0 0 0 EVANGELINE DOURIS CHAIRMAN 1.00 3.60 X X 0 0 0 GEORGE MIHALTSES MEMBER OF THE BOARD 0.30 X 0 0 0 NICHOLAS TJARTJALIS MEMBER OF THE BOARD 0.30 X 0 0 0 NIKITAS DRAKATOS PRESIDENT 0.30 1.20 X X 0 0 0 STEVE PLANGETIS TREASURER 0.25 1.20 X X 0 0 0 JOHN P KAITERIS EXECUTIVE DIRECTOR/CEO 35.00 20.10 X 115169 25801 23627 LOLA MAROULIS CONTROLLER 35.00 3.00 X 117089 0 11950 232258 25801 35577 2 0 1 0 WASA LLP 740 BROADWAY NEW YORK NY 10003 ARCHITECT/ENGINEER 200439 COHNREZNICK LLP 1301 AVE OF THE AMERICAS NEW YORK NY 10019 AUDITING SERVICES 149878 2 233360 9782990 437934 10454284 RENTAL INCOME 531110 169307 169307 MEDICAID 624200 149742 149742 CLIENT FEES 624200 45292 45292 ELDERLY CAR SERVICE 624200 26083 26083 PRIVATE INSURANCE 624200 20083 20083 410507 18411 18411 119232 126557 -7325 -7325 -7325 47430 233360 118181 -70751 -70751 PAYMENTS FROM AFFILIATES 900099 368552 368552 368552 11173678 779059 0 -59665 274277 232475 41802 5648034 4761229 886805 48407 48146 261 631804 545330 86474 722751 647920 74831 2400 2400 99074 99074 1701 1701 341922 179648 128482 33792 22159 3227 1449 17483 657099 582443 40167 34489 10299 9850 449 839620 618946 220674 207457 200078 3769 3610 44980 44980 119369 119369 151832 52988 98844 PROGRAM MATERIALS 1110566 1110566 FOOD 277705 277705 EQUIPMENT 143368 129055 14313 REPAIRS AND MAINTANCE 107402 103024 4378 96985 64757 31447 781 11559211 9612367 1856689 90155 464614 785910 233440 47159 857416 1440890 4649227 3181829 10551400 10557400 38194 2568413 1793578 713373 774835 278761 746021 1089380 1089297 504792 1924136 19380597 20547477 760184 1272784 2286045 2551327 10851400 11642407 13897629 15466518 X 5311858 4972656 171110 108303 5482968 5080959 19380597 20547477 -385533 -16476 0 X X 0 1 X 1 1 1 X 12403560 14765339 10096439 9485880 10454284 57205502 656862 745893 360655 494531 410507 2668448 13060422 15511232 10457094 9980411 10864791 59873950 6500 6250 5750 18500 0 6500 6250 5750 18500 59855450 2573 26662 19297 18411 66943 2573 26662 19297 18411 66943 456160 2296114 1585027 194322 415982 4947605 13519155 17807346 12068783 10194030 11299184 64888498 0.92240 0.91230 0.00100 0.00070 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER - 2010 AMOUNT: $ 195,937. 2011 AMOUNT: $ 1,045,937. 2012 AMOUNT: $ 130,321. 2013 AMOUNT: $ 4,928. FUNDRAISING REV - 2010 AMOUNT: $ 64,286. 2011 AMOUNT: $ 204,240. 2012 AMOUNT: $ 17,820. 2013 AMOUNT: $ 30,100. 2014 AMOUNT: $ 47,430. PAYMENTS FROM AFFILATES - 2014 AMOUNT: $ 368,552. WEATHERIZATION SERVICES - 2013 AMOUNT: $ 104,485. SENOIR HOUSING EVENTS - 2013 AMOUNT: $ 54,809. DEVELOPER FEE INCOME - 2010 AMOUNT: $ 100,000. 2011 AMOUNT: $ 950,000. 2012 AMOUNT: $ 1,436,886. MANAGEMENT FEES - 2010 AMOUNT: $ 95,937. 2011 AMOUNT: $ 95,937. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 378516 312820 65696 38782 30066 8716 2151115 1450692 700423 774835 INVESTMENT IN LIMITED PARTNERSHIP 1089297 C 1089297 SECURITY DEPOSITS 83979 DUE FROM LIMITED PARTNERSHIPS 286984 DUE FROM OTHER RELATED AFFILIATES 674444 PREDEVELOPMENT COSTS 878729 1924136 X 16355612 -16476 5198410 5181934 11173678 0 11173678 17617736 6072023 6072023 11545713 13498 13498 11559211 PART X, LINE 2: HANAC HAS NO UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2015 AND 2014. HANAC'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2012 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, HANAC WILL RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS GENERAL AND ADMINISTRATIVE EXPENSES IN THE CONSOLIDATED AND COMBINED STATEMENTS OF ACTIVITIES AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE CONSOLIDATED AND COMBINED STATEMENTS OF FINANCIAL POSITION. THERE WERE NO INTEREST AND PENALTIES FOR THE YEARS ENDED JUNE 30, 2015 AND 2014, RESPECTIVELY. ALL OTHER REAL ESTATE ENTITIES HAVE ELECTED TO BE TREATED AS PASS-THROUGH ENTITIES FOR INCOME TAX PURPOSES AND, AS SUCH, ARE NOT SUBJECT TO INCOME TAXES. RATHER, ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO AND REPORTED BY THE PARTNERS ON THEIR RESPECTIVE INCOME TAX RETURNS. THE AFFILIATED ENTITIES' FEDERAL TAX STATUS AS PASS-THROUGH ENTITIES IS BASED ON THE LEGAL STATUS OF PARTNERSHIPS. ACCORDINGLY, THESE AFFILIATED ENTITIES ARE NOT REQUIRED TO TAKE ANY TAX POSITIONS IN ORDER TO QUALIFY AS PASS-THROUGH ENTITIES. THE AFFILIATED ENTITIES ARE REQUIRED TO AND DO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THESE AFFILIATED ENTITIES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. PART XI, LINE 2D - OTHER ADJUSTMENTS: LIMITED PARTNERSHIPS REVENUE 5,192,442. CONSOLIDATED AFFLIATES REVENUE 1,217,910. CONSOLIDATED AFFLIATES ELIMINATION -174,419. LIMITED PARTNERSHIPS ELIMINATION -1,024,025. FUNDRAISING EXPENSES -13,498. PART XII, LINE 2D - OTHER ADJUSTMENTS: LIMITED PARTNERSHIPS EXPENSE 6,383,304. CONSOLIDATED AFFLIATES EXPENSE 1,154,721. CONSOLIDATED AFFLIATES ELIMINATION -174,419. LIMITED PARTNERSHIPS ELIMINATION -1,291,583. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 13,498. ANNUAL GALA 280790 233360 47430 640 75363 8127 34051 280790 233360 47430 640 75363 8127 34051 118181 -70751 X X 0 0 0 0 0 0 0 0 0 JOHN P KAITERIS EXECUTIVE DIRECTOR/CEO 115169 25801 0 0 0 0 1176 1825 20626 0 136971 27626 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY A CPA FIRM FROM AUDITED FINANCIAL STATEMENTS AND TRIAL BALANCE AS WELL AS FROM INFORMATION THE ORGANIZATION'S CONTROLLER PROVIDES IN A TAX ORGANIZER. THE CPA FIRM FURNISHES A DRAFT FORM 990 WHICH IS REVIEWED BY THE CONTROLLER AND MANAGEMENT. AFTER APPROVAL, THE CONTROLLER PROVIDES AN ELECTRONIC COPY OF FORM 990 TO THE FULL BOARD WITH AN OPPORTUNITY TO REVIEW AND COORDINATE ANY APPROPRIATE CHANGES TO FORM 990 BEFORE IT IS FINALIZED AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED AND UPDATED BY MANAGMENT ON AN ANNUAL BASIS. ALL THE BOARD MEMBERS AND OFFICERS RECOMMIT ANNUALY BY SIGNING THAT THEY HAVE RECEIVED AND READ THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE BOARD EVALUATES THE CEO'S PERFORMANCE AND ALSO CONDUCTS A COMPARABILITY REVIEW. THEY LOOK AT COMPARABLE SALARY OF OTHER NON-PROFITS OF SIMILAR SIZE LOCATED IN THE SAME AREA TO DETERMINE. AFTER THE BOARD DETERMINES AN APPROPRIATE SALARY IT IS VOTED ON. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GEORGE T DOURIS HDFC 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 208032891 AFFORDABLE HOUSING NY 501(C)(3) LINE 11A, I HANAC INC 1 NORTHWEST QUEENS HOUSING CORPORATION 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 133124192 AFFORDABLE HOUSING NY 501(C)(3) LINE 9 HANAC INC 1 SPITI HOUSING DEVELOPMENT FUND COMPANY 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 133192504 AFFORDABLE HOUSING NY 501(C)(3) LINE 7 HANAC INC 1 SPITI MANAGEMENT COMPANY 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 113166843 AFFORDABLE HOUSING NY 501(C)(3) LINE 11A, I HANAC INC 1 THIRTY THIRD STREET HDFC 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 262815097 AFFORDABLE HOUSING NY 501(C)(3) LINE 11A, I HANAC INC 1 PCA DEVELOPMENT ASSOCIATES LP 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 262611609 AFFORDABLE HOUSING NY N/A SPITI HOUSING ASSOCIATES LP 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 275374815 AFFORDABLE HOUSING NY N/A HANAC ASTORIA REDEVELOPMENT ASSOCIATES LP 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 208030127 AFFORDABLE HOUSING NY N/A 25-02 29TH STREET CORP 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 205967586 RESIDENTIAL RENTAL NY HANAC INC C -355 1.00000 1 GTD PARKING INC 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 900529789 PARKING GARAGE NY HANAC INC C 212074 58672 1.00000 1 THIRTY ONE THIRTY HOUSING CORPORATION 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 262611567 RESIDENTIAL RENTAL NY HANAC INC C -145 1.00000 1 SPITI HOUSING CORP 49 WEST 45TH STREET 4TH FLOOR NEW YORK NY 10036 275374675 RESIDENTIAL RENTAL NY N/A C 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0