2015-04-15T14:02:22-05:00 2014-12-31 161131146 BONADIO & CO LLP 100 CORPORATE PKWY STE 200 AMHERST NY 14226 990 2014-01-01 161544656 HEART OF THE CITY NEIGHBORHOODS INC HEAR 7168827661 251 VIRGINIA STREET NO A BUFFALO NY 14201 STEPHANIE SIMEON EXECUTIVE DIRECTOR 7168827661 2015-04-16 1 JUSTIN N REID P01321869 7162506600 2014 2016-02-25 16:41:14Z STEPHANIE SIMEON 251 VIRGINIA STREET NO A BUFFALO NY 14201 991509 0 X WWW.HOCN.ORG X 1995 NY HEART OF THE CITY NEIGHBORHOODS, INC. IS A NOT-FOR-PROFIT COMMUNITY DEVELOPMENT CORPORATION THAT EXISTS TO CREATE, FACILITATE, AND SUPPORT HOUSING AND NEIGHBORHOOD DEVELOPMENT IN THE CITY OF BUFFALO'S CENTRAL CORE. THIS IS ACCOMPLISHED BY CREATING PROGRAMS TO IMPROVE THE QUALITY OF RESIDENTIAL HOUSING AND BY DEVELOPING SUSTAINABLE PROJECTS TO IMPROVE THE LOWER WEST SIDE. 10 10 4 97 0 0 643157 859390 57174 38748 16 -100820 -288123 13781 412224 811099 0 0 0 0 167767 167279 0 0 0 376701 719468 544468 886747 -132244 -75648 209980 119406 400521 385595 -190541 -266189 X HEART OF THE CITY NEIGHBORHOODS, INC. IS A NOT-FOR-PROFIT COMMUNITY DEVELOPMENT CORPORATION THAT EXISTS TO CREATE, FACILITATE, AND SUPPORT HOUSING AND NEIGHBORHOOD DEVELOPMENT IN THE CITY OF BUFFALO'S CENTRAL CORE. THIS IS ACCOMPLISHED BY CREATING PROGRAMS TO IMPROVE THE QUALITY OF RESIDENTIAL HOUSING AND BY DEVELOPING SUSTAINABLE PROJECTS TO IMPROVE THE LOWER WEST SIDE. 0 0 798737 38748 TO CREATE, FACILITATE, AND SUPPORT HOUSING AND NEIGHBORHOOD DEVELOPMENT IN THE CITY OF BUFFALO. 798737 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 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 0 0 0 1 8 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 10 10 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X MICHELLE WOOTON 7168827661 251 VIRGINIA STREET BUFFALO NY 14201 MANUEL RIVERA III PRESIDENT 2.50 X X 0 0 0 ISABEL HARTENBERG VICE PRESIDENT 2.50 X X 0 0 0 TIM WILKINSON SECRETARY 2.50 X X 0 0 0 JEFF KRUSZKA TREASURER 2.50 X X 0 0 0 TIM FAVARO MEMBER 1.00 X 0 0 0 CHARLES SAUNDERS MEMBER 1.00 X 0 0 0 KATHLEEN PALKA-ARMSTRONG MEMBER 1.00 X 0 0 0 RACHEL RZAYEV ESQ VICE PRESIDENT 2.50 X X 0 0 0 ERIC LANDER MEMBER 1.00 X 0 0 0 ROBERT W SMITH IV MEMBER 1.00 X 0 0 0 JEANNETTE M MARCHANT MEMBER 1.00 X 0 0 0 RACHEL CERASANI CPA TREASURER 2.50 X X 0 0 0 STEPHANIE J SIMEON EXECUTIVE DIRECTOR 40.00 X 58432 0 0 58432 0 0 0 0 0 0 JP HEIM CONSTRUCTION 12 CHESTNUT HILL LANE WILLIAMSVILLE NY 14221 CONSTRUCTION 111381 1 776577 82813 859390 DEVELOPER FEE 900099 38748 38748 38748 2 2 79588 180410 -100822 -100822 -100822 MISCELLANEOUS 900099 13781 13781 13781 811099 38748 0 -87039 58432 58432 66574 66574 27715 14760 12955 14558 7753 6805 1195 1076 119 3750 3750 929 929 8063 5470 2593 8868 7981 887 5701 5701 5263 5263 8215 8215 1032 1032 4938 2469 2469 PROGRAM EXPENSES 662318 662318 MISCELLANEOUS 6069 6069 POSTAGE 3127 3127 886747 798737 88010 0 104770 5203 50543 69062 2973 5741 26373 19958 3276 6415 48418 32985 209980 119406 19620 89748 361126 58814 237033 19775 0 400521 385595 X -190541 -266189 -190541 -266189 209980 119406 -75648 0 X X 0 1 X 1 0 X 87210 243352 687689 643157 859390 2520798 87210 243352 687689 643157 859390 2520798 2520798 3 61 16 2 82 1813 5596 13579 4915 13781 39684 2560564 0.98450 0.98530 X 22203 19958 2245 4170 4170 6415 RESTRICTED GRANT FUNDS 8092 DUE FROM RELATED PARTY 24893 32985 X 911921 0 911921 -100822 -100822 811099 987569 100822 100822 886747 0 886747 PART X, LINE 2: THE AGENCY IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES AS AN ORGANIZATION QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE AGENCY HAS ALSO BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION. FOR TAX-EXEMPT ENTITIES, THEIR TAX-EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, SINCE EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2014 AND 2013, THE AGENCY DOES NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE AGENCY FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION AND NEW YORK STATE. THE AGENCY IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF PROPERTY HELD FOR SALE PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF PROPERTY HELD FOR SALE SCHEDULE D, PAGE XI, LINE 4B LOSS ON SALE OF ASSET SCHEDULE D, PART XII, LINE 4B LOSS ON SALE OF ASSET FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR ISABEL HARTENBERG IS MARRIED TO DIRECTOR TIM WILKINSON. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION UPDATED IT'S BY-LAWS DURING THE YEAR TO BE IN COMPLIANCE WITH THE NEW YORK STATE NOT FOR PROFIT REVITALIZATION ACT. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED WITH A REPRESENTATIVE OF THE AUDIT FIRM BY THE BOARD'S AUDIT/FINANCE COMMITTEE. AFTER MEETING, THE COMMITTEE MAKES A RECOMMENDATION TO THE FULL BOARD DURING A BOARD MEETING, AUTHORIZING THE PRESIDENT AND TREASURER TO SIGN AND FILE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C BEFORE ANNUAL PERFORMANCE REPORTS ARE DUE TO NYS HOMES AND COMMUNITY RENEWAL, CONFLICT OF INTEREST FORMS ARE SENT OUT FOR BOARD MEMBERS TO COMPLETE, DUE AUGUST OF EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15A ALL EMPLOYEE COMPENSATION REVIEWED AND APPROVED BY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION AVAILABLE UPON REQUEST. FORM 990 PART XII LINE 2C: NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED DECEMBER 31, 2014. CYNTHIA GARDENS HDFC 251 VIRGINIA STREET BUFFALO NY 14201 273976548 HOUSING NY 501(C)(3) LINE 7 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 CYNTHIA GARDEN HDFC E 24893 BOOK CYNTHIA GARDEN HDFC L 38748 FMV