2015-03-02T12:13:59-06:00 2014-06-30 161131146 BONADIO & CO LLP 6 WEMBLEY COURT ALBANY NY 12205 990 2013-07-01 141819599 TERESIAN HOUSE HOUSING CORPORATION TERE 5184522552 100 WHITE PINE DRIVE ALBANY NY 12203 FRANCIS X FOLEY JR CHIEF EXECUTIVE OFFICER 5184522552 2015-02-23 1 JOHN C OLSEN P00321116 5184644080 2015-02-23 2013 2016-02-25 16:41:14Z AVILA RETIREMENT FRANCIS X FOLEY JR 100 WHITE PINE DRIVE ALBANY NY 12203 7126629 0 X WWW.AVILARETIREMENT.COM X 1999 NY TERESIAN HOUSE HOUSING CORPORATION'S PURPOSE IS THE OPERATION OF HOUSING FACILTIES FOR THE ELDERLY, PRINCIPALLY WITHIN THE GEOGRAPHIC AREA WITHIN THE ROMAN CATHOLIC DIOCESE OF ALBANY. 6 6 138 6 0 0 0 0 6427946 7109301 5408 12568 74750 4760 6508104 7126629 0 0 0 0 1798958 2094967 0 0 0 5152119 5103170 6951077 7198137 -442973 -71508 41351222 38854534 59578859 60397166 -18227637 -21542632 TERESIAN HOUSE HOUSING CORPORATION'S PURPOSE IS THE OPERATION OF HOUSING FACILITIES FOR THE ELDERLY, PRINCIPALLY WITHIN THE GEOGRAPHIC AREA WITHIN THE ROMAN CATHOLIC DIOCESE OF ALBANY. 0 0 6251036 7114061 THE FUNCTION OF THE TERESIAN HOUSE HOUSING CORPORATION, ALSO KNOWN AS, AVILA RETIREMENT COMMUNITY, IS TO PROVIDE RESIDENTS WITH INDEPENDENT LIVING APARTMENTS AND COTTAGES AND TO PROVIDE THE RESIDENTS WITH CENTRAL DINING AND SPACE FOR A VARIETY OF SOCIAL AND RECREATIONAL ACTIVITIES 6251036 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 138 1 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X GLYNIS ALSTON-WALKER 5184590183 41 NORTH MAIN AVENUE ALBANY NY 12203 BISHOP HOWARD HUBBARD FORMER PRESIDENT 2.00 X 0 0 0 SISTER PAULINE BRECANIER DIRECTOR 2.00 X X 0 0 0 MICHAEL COSTELLO DIRECTOR 2.00 X 0 0 0 VINCENT COLONNO DIRECTOR 2.00 X 0 0 0 FATHER MICHAEL FARANO DIRECTOR 2.00 X 0 0 0 KENNETH RAYMOND DIRECTOR 2.00 X 0 0 0 BISHOP EDWARD SCHARFENBERGER PRESIDENT 2.00 X X 0 0 0 JOHN SULLIVAN CHEIF EXECUTIVE OFFICER 35.00 X 48966 0 19208 48966 0 19208 0 0 0 0 SODEXHO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICE 986786 BISHOP BEAUDRY CONSTRUCTION 4 NORMAN DR COLONIE NY 12205 CONSTRUCTION SERVICES 253584 ALCHESTER MANAGEMENT 678 TROY SCHENECTADY ROAD LATHAM NY 12110 MANAGEMENT SERVICES 113828 3 RESIDENT SERVICE FEES 532000 6206584 6206584 ENTRANCE FEES 532000 902717 902717 7109301 12568 12568 INSURANCE RECOVERY 531390 4760 4760 4760 7126629 7114061 0 12568 68966 62069 6897 1658230 1166751 491479 246767 189231 57536 121004 84998 36006 167892 167892 27102 3629 23473 33683 15239 18444 50951 36431 14520 34730 920 33810 118137 70626 47511 12108 12108 653352 643974 9378 14732 14732 3783 3783 688133 688133 1338398 1338398 198151 196759 1392 DINING SERVICES 1009168 1008830 338 GROUNDS AND MAINTENANCE 360674 359497 1177 TELEPHONE AND CABLE 171837 30436 141401 RESIDENT SERVICES 118030 114984 3046 102309 57507 44802 7198137 6251036 947101 0 1829256 3241414 950184 352068 136168 158221 43353487 13190952 33806107 30162535 2340573 2424858 62084 208518 2226850 2306920 41351222 38854534 287210 724589 13071 7089 17370000 16980000 150210 140791 2782681 5020000 4481665 1865034 34494022 35659663 59578859 60397166 X -18227637 -21542632 -18227637 -21542632 41351222 38854534 X -71508 5607 -3249094 X X 0 1 X 1 0 X 4622808 5349218 5992487 6427946 7109301 29501760 4622808 5349218 5992487 6427946 7109301 29501760 0 0 0 29501760 16254 5082 2518 5408 12568 41830 16254 5082 2518 5408 12568 41830 4639062 5354300 5995005 6433354 7121869 29543590 0.99860 0.99720 0.00140 0.00280 X 0 0 41847677 12060908 29786769 126800 126432 368 1379010 1003612 375398 30162535 MUNICIPAL OBLIGATIONS 2424858 F 2424858 ASSETS WHOSE USE IS LIMITED 2306920 2306920 UNEARNED ENTRANCE FEES 1132227 REFUNDABLE ENTRANCE FEES 34317920 INTEREST RATE SWAP 209516 35659663 X 7132236 5607 5607 7126629 0 7126629 10447231 3249094 3249094 7198137 0 7198137 PART X, LINE 2: FINANCIAL STATEMENT FOOTNOTE 2, INCOME TAXES, INCLUDES A DISCLOSURE RELATED TO UNCERTAIN TAX POSITIONS UNDER FIN 48. THE TEXT RELATED TO THE ORGANIZATION'S LIABILITY IS AS FOLLOWS: 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 JUNE 30, 2014, THE ORGANIZATION DOES NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE COMPANY FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND NEW YORK STATE. THE COMPANY IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEAR BEFORE 2011. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRIOR YEAR SETTLEMENT AND ADJUSTMENTS 472,281. IMPAIRMENT LOSS 2,567,297. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 209,516. A DORMITORY AUTHORITY OF STATE OF NY 146000293 64983UJP6 2003-07-22 40265000 CONSTRUCTION OF RETIREMENT COMMUNITY 1 0 0 A 40265000 2123990 659797 3414839 34066374 2004 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 0 0 0 1 A 0 FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT COMPANY IS RESPONSIBLE FOR THE DAILY MANAGEMENT OF THE COMMUNITY INCLUDING ACCOUNTING FUNCTIONS. FORM 990, PART VI, SECTION A, LINE 8B THE AGENCY HAS A BOARD OF DIRECTORS THAT HOLDS SEVERAL BOARD MEETINGS THROUGHOUT THE YEAR. MATTERS THAT NEED TO BE HANDLED ARE DISCUSSED AND ADDRESSED AT THESE MEETINGS. MINUTES ARE TAKEN AT EACH MEETING AND THEN COPIES ARE DISTRIBUTED ALONG WITH THE MANGEMENT REPORT PRIOR TO OR AT THE NEXT MEETING. THERE ARE NO OTHER COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11 AS PART OF THE ANNUAL AUDIT, OUR INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARES A DRAFT OF FORM 990 AND RELATED SUPPORTING SCHEDULES FROM OUR INTERNAL RECORDS. WE DESIGNATE AN INDIVIDUAL WITH SUITABLE SKILL, KNOWLEDGE, OR EXPERIENCE TO OVERSEE THESE SERVICES AND WE MAKE ALL MANAGEMENT DECISIONS AND PERFORM ALL MANAGEMENT FUNCTIONS. WE HAVE REVIEWED, APPROVED, AND ACCEPTED RESPONSIBILITY FOR FORM 990 AND THE RELATED SCHEDULES AND BELIEVE THEY ARE ADEQUATELY SUPPORTED BY THE BOOKS AND RECORDS OF TERESIAN HOUSE HOUSING CORPORATION. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS DISCLOSE OR DISCLAIM ANY RELATED PARTY RELATIONSHIPS AS PART OF BOARD OF DIRECTORS MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 SUCH INFORMATION IS PROVIDED IF REQUESTED. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -209,516. IMPAIRMENT LOSS -2,567,297. PRIOR YEAR SETTLEMENTS AND ADJUSTMENTS -472,281. FORM 990, PART XII, LINE 1: NO CHANGE IN METHOD OF ACCOUNTING FROM THE PRIOR YEAR.