2015-03-26T13:56:11-05:00 2014-07-31 161170608 TOSKI & CO CPAS PC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2013-08-01 222873650 HUDSON VALLEY HOUSING DEVELOPMENT FUND COMPANY INC HUDS 8452972004 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 GREGORY SUPPLE ESQ CHAIRMAN 8452972004 2015-03-17 1 JOHN T O'BRIEN MBA MST P01253588 7166340700 2015-03-06 2013 2016-03-07 17:11:31Z GREGORY SUPPLE ESQ 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 672061 0 X N/A X 1987 NY THE PURPOSE OF THE ORGANIZATION IS TO DEVELOP, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW-INCOME, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS IN THE HUDSON VALLEY REGION OF NEW YORK. 6 6 0 0 0 0 300000 248500 393901 413569 453 996 9315 8996 703669 672061 0 0 0 0 93675 93675 0 0 0 436190 522937 529865 616612 173804 55449 7105571 10774082 1737548 5350610 5368023 5423472 THE PURPOSE OF THE ORGANIZATION IS TO DEVELOP, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW-INCOME, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS IN THE HUDSON VALLEY REGION OF NEW YORK. 0 0 582028 413569 TO MAINTAIN AND DEVELOP THE HOUSING PROPERTIES AND PROJECTS ON A NON-PROFIT BASIS FOR PERSONS OF LOW-INCOME, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS IN THE HUDSON VALLEY REGION OF NEW YORK. 582028 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X X LINDA MANNION CPA STAFF ACCOUNTANT 8452972004 CSP BUILDING 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 GREGORY D SUPPLE ESQ CHAIRMAN 1.00 X X 0 0 0 DAVID MERTE PE VICE-CHAIRMAN 1.00 X X 0 0 0 JOAN ECK SECRETARY/TREAS 1.00 X X 0 0 0 WILLIAM MELCHER DIRECTOR 1.00 X 0 0 0 PAUL PILON DIRECTOR 1.00 X 0 0 0 JOHN LAWRENCE DIRECTOR 1.00 X 0 0 0 MARGARET T O'LEARY CEO 40.00 X X 124610 0 5848 124610 0 5848 1 0 0 0 0 238500 10000 248500 RENTAL INCOME 531110 413569 413569 413569 996 996 A/C FEES 812310 5420 5420 LAUNDRY INCOME 812310 3367 3367 MISCELLANEOUS INCOME 900099 209 209 8996 672061 413569 0 9992 57449 49923 7526 36226 31481 4745 54000 54000 266 183 83 18635 12806 5829 952 952 746 636 110 89164 89164 119098 112155 6943 100605 96727 3878 22254 18491 3763 MAINTENANCE AND REPAIRS 51596 51596 TENANT RELOCATION 36714 36714 TRASH REMOVAL 7956 7956 TELEPHONE 6939 6313 626 14012 12931 1081 616612 582028 34584 0 2031 5796 63752 124011 49535 53389 27228 29632 4224355 1324832 2877438 2899523 24106 20075 4061481 7641656 7105571 10774082 150027 438646 2802 2818 1564937 4890143 19782 19003 1737548 5350610 X 5368023 5423472 5368023 5423472 7105571 10774082 55449 0 X X 0 1 X 1 0 X 1407219 73282 300000 248500 2029001 1407219 73282 300000 248500 2029001 2029001 3019 1880 750 453 996 7098 7748 7861 17071 9315 8996 50991 2087090 2363857 0.97220 0.97210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 607681 607681 3615484 1323642 2291842 1190 1190 0 2899523 DUE FROM AFFILIATES 1363751 PROJECT DEVELOPMENT FEES 3845593 DUE FROM SUBSIDIARIES 756123 TENANT'S SECURITY DEPOSITS 13604 RESERVE FOR REPLACEMENTS 109401 OPERATING RESERVE 38347 INVESTMENT IN LP 525588 CONSTRUCTION IN PROGRESS 989249 7641656 TENANT'S SECURITY DEPOSITS 19003 19003 X 672061 0 672061 0 672061 616612 0 616612 0 616612 PART X, LINE 2: COMMUNITY SERVICES PROGRAMS, INC. AND HUDSON VALLEY HOUSING DEVELOPMENT FUND COMPANY, INC. ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ENTITIES HAVE BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATIONS TAHT ARE NOT PRIVATE FOUNDATIONS UNDER SECTION 509(A) OF THE CODE. THE ENTITIES PRESENTLY DISCLOSE OR RECOGNIZE INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE ENTITIES HAVE TAKEN NO UNCERTAIN TAX POSITIONS TAHT REQUIRE ADJUSTMENT IN ITS CONSOLIDATED FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE ENTITIES ARE SUBJECT TO TAX EXAMINATION BY TAXING AUTHORITIES. THE ENTITIES ARE NO LONGER SUBJECT TO TAX EXAMINATIONS FOR THE YEARS ENDED JULY 31, 2010, AND PRIOR. MEADOW RIDGE CORPORATION, MEADOW RIDGE II HOUSING DEVELOPMENT FUND COMPANY, INC., DIMARCO PLACE II, INC. AND GREEN MEADOWS HOUSING DEVELOPMENT FUND COMPANY, INC., WHOSE ACCOUNTS ARE CONSOLIDATED IN THESE FINANCIAL STATEMENTS, ARE C-CORPORATIONS SUBJECT TO FEDERAL INCOME TAXES BUT ARE EXEMPT FROM NEW YORK STATE TAXES. GREEN MEADOWS AFFORDABLE HOUSING CORP., WHOSE ACCOUNTS ARE ALSO CONSOLIDATED IN THESE FINANCIAL STATEMENTS, IS A C-CORPORATION SUBJECT TO FEDERAL INCOME TAXES AND NEW YORK STATE INCOME TAXES. THE CORPORATIONS PRESENTLY DISCLOSE OR RECOGNIZE INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE CORPORATIONS HAVE TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN THE CONSOLIDATED FINANCIAL STATEMENTS. U.S. FORMS 1120 FILED BY THE CORPORATIONS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE CORPORATIONS ARE NO LONGER SUBJECT TO TAX EXAMINATIONS FOR THE YEARS ENDED DECEMBER 31, 2010 AND PRIOR. FORM 990, PART VI, SECTION A, LINE 3 COMMUNITY SERVICES PROGRAMS, INC., AN AFFILIATE, PROVIDES ALL STAFF FOR THE COMPLETION OF THE ACTIVITIES OF HUDSON VALLEY HOUSING DEVELOPMENT FUND COMPANY, INC. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS DISTRIBUTED TO THE BOARD ELECTRONICALLY FOR REVIEW FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO ANY BOARD ACTION, CONFLICTS OF INTEREST ARE SO NOTED AND RECORDED. FORM 990, PART VI, SECTION B, LINE 15 SALARIES FOR COMPARABLE POSITIONS/ORGANIZATIONS ARE REVIEWED FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990 PART XII LINE 2C: NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED JULY 31, 2014. COMMUNITY SERVICES PROGRAMS INC 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 510139050 LOW-INCOME HOUSING NY 501(C)(3) LINE 7 N/A 0 GREEN MEADOWS HDFC INC 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 263450340 LOW-INCOME HOUSING NY 501(C)(3) LINE 7 N/A 0 MEADOW RIDGE I 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 020564415 HOUSING NY N/A 0 1 0.00100 MEADOW RIDGE II 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 203625429 HOUSING NY N/A 0 1 0.00100 DIMARCO PLACE II 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 550832363 HOUSING NY N/A 0 1 0.00100 GREEN MEADOWS APTS 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 263450405 HOUSING NY N/A 0 1 0.00100 MEADOW RIDGE CORPORATION 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 030407632 INVESTMENT NY N/A C 1.00000 0 MEADOW RIDGE II HOUSING DEV FUND CO 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 203519310 INVESTMENT NY N/A C 1.00000 0 DIMARCO PLACE II INC 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 550832444 INVESTMENT NY N/A C 1.00000 0 GREEN MEADOWS AFFORDABLE HOUSING CORP 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 264536325 INVESTMENT NY N/A C 1.00000 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 MEADOW RIDGE II LP D 485279 COST DIMARCO PLACE II LP D 726416 COST GREEN MEADOWS APARTMENTS LP E 9440 COST COMMUNITY SERVICES PROGRAMS INC M 54000 COST