CONCORSE GARDENS HOUSING DEVELOPMENT FUND COMPANY INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
CONCORSE GARDENS HOUSING DEVELOPMENT FUND COMPANY INC (EIN 13-3696061)
Tax period
2012-07-01 to 2013-06-30
Filed
2014-05-06
IRS object ID
201411269349300416
Schema version
2012v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2014-05-06T08:36:35-05:00Timestamp
Tax Period End Date2013-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN271728945EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1O'CONNOR DAVIES LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1665 FIFTH AVENUEAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10022ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN133696061EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1CONCOURSE GARDENS HOUSING DEVELOPMENTBusinessNameLine1
Business Name Line2FUND COMPANY INCBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlCONCNameControl
Phone2129627653Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 PARK PLACE NO 1416AddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10007ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameLINDA HOFFMANName
TitleCEOTitle
Phone2129627653Phone
Date Signed2014-04-23DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameGARRETT M HIGGINSName
PTINP00543209PTIN
Phone2122862600Phone
Date Prepared2014-04-23DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonLINDA HOFFMANNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line111 PARK PLACE NO 1416AddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10007ZIPCode
FieldValueIRS element (for citing)
Gross Receipts903226GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.NYFSC.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1992YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission DescriptionPROVIDES 119 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED AT ECHO PLACE OFF THE GRAND CONCOURSE IN THE BRONX, IT OFFERS SOCIAL AND RECREATIONAL SERVICES.ActivityOrMissionDescription
Nbr Voting Members Governing Body5NbrVotingMembersGoverningBody
Nbr Independent Voting Members4NbrIndependentVotingMembers
Total Nbr Employees11TotalNbrEmployees
Total Nbr Volunteers5TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year1000696ProgramServiceRevenuePriorYear
Program Service Revenue CY895876ProgramServiceRevenueCY
Investment Income Prior Year188InvestmentIncomePriorYear
Investment Income Current Year334InvestmentIncomeCurrentYear
Other Revenue Prior Year31027OtherRevenuePriorYear
Other Revenue Current Year7016OtherRevenueCurrentYear
Total Revenue Prior Year1031911TotalRevenuePriorYear
Total Revenue Current Year903226TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year207408SalariesEtcPriorYear
Salaries Etc Current Year209376SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year991034OtherExpensePriorYear
Other Expenses Current Year932583OtherExpensesCurrentYear
Total Expenses Prior Year1198442TotalExpensesPriorYear
Total Expenses Current Year1141959TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-166531RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-238733RevenuesLessExpensesCY
Total Assets BOY7557458TotalAssetsBOY
Total Assets EOY7241208TotalAssetsEOY
Total Liabilities BOY10404108TotalLiabilitiesBOY
Total Liabilities EOY10326591TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY-2846650NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY-3085383NetAssetsOrFundBalancesEOY
Mission DescriptionDEVELOPING, CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR THE ELDERLY AND HANDICAPPED.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense1141959Expense
Revenue895876Revenue
DescriptionPROVIDES 119 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS.Description
Total Program Service Expense1141959TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling1CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10965NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees11NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members5NbrVotingGoverningBodyMembers
Number Independent Voting Members4NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties1DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1MARTHA BAUER CHIEF FINANCIAL OFFICERBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number2129627653TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line111 PARK PLACE SUITE 1416AddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10007ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekAverage Hours Per Week RelatedAverageHoursPerWeekRelatedIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
DEBORAH SMITH BERNSTEIN
PRESIDENT0.203.20XX000
ELIZABETH R TOZER
VICE PRESIDENT0.203.40XX0465000
JOAN FINKELSTEN
EXECUTIVE SECRETARY0.203.00XX000
STEPHEN ZELNICK
ASST SECRETARY0.201.80XX000
ANN VAN NESS
BOARD MEMBER0.203.40X000
LINDA R HOFFMAN
CHIEF EXECUTIVE OFFICER1.0034.00X049994015703
MARTHA BAUER
CHIEF FINANCIAL OFFICER1.0034.00X022150217893
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs767942TotalReportableCompFrmRltdOrgs
Total Other Compensation33596TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

FieldValueIRS element (for citing)
Name PersonALLIED BARTON SECURITY SERVICESNamePerson

Address Of Contractor AddressOfContractor

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1PO BOX 828854AddressLine1
CityPHILADELPHIACity
StatePAState
ZIP Code19182ZIPCode
FieldValueIRS element (for citing)
Description Of ServicesSECURITY SERVICESDescriptionOfServices
Compensation108652Compensation
FieldValueIRS element (for citing)
Number Of Contractors GT100 K1NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionRENTAL INCOMEDescription
Business Code531110BusinessCode
Total Revenue Column895876TotalRevenueColumn
Related Or Exempt Function Income895876RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue895876TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column334TotalRevenueColumn
Exclusion$334ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnExclusionExclusionAmount
LAUNDRY REVENUE5311105573$5,573
FORFEITED SECURITY DEP5311101443$1,443
FieldValueIRS element (for citing)
Total Other Revenue7016TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column903226TotalRevenueColumn
Related Or Exempt Function Income895876RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$7,350ExclusionAmount
FieldValueIRS element (for citing)
Info In Schedule O Part IXXInfoInScheduleOPartIX

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total166455Total
Program Services166455ProgramServices

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total25Total
Program Services25ProgramServices

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total24235Total
Program Services24235ProgramServices

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total18661Total
Program Services18661ProgramServices

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total75684Total
Program Services75684ProgramServices

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total1046Total
Program Services1046ProgramServices

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total31398Total
Program Services31398ProgramServices

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total148238Total
Program Services148238ProgramServices

Advertising Advertising

FieldValueIRS element (for citing)
Total421Total
Program Services421ProgramServices

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total20067Total
Program Services20067ProgramServices

Occupancy Occupancy

FieldValueIRS element (for citing)
Total227643Total
Program Services227643ProgramServices

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total316000Total
Program Services316000ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total34430Total
Program Services34430ProgramServices

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServices
OPERATING & MAINTENANCE7745977459
BAD DEBT EXPENSE197197

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total1141959Total
Program Services1141959ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY85835BOY
EOY47368EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY242229BOY
EOY230904EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY6894BOY
EOY1382EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY43177BOY
EOY53959EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis11158913LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec4276675LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY7154153BOY
EOY6882238EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY25170BOY
EOY25357EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY7557458BOY
EOY7241208EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY145268BOY
EOY67564EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY24940BOY
EOY25127EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY10233900BOY
EOY10233900EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY10404108BOY
EOY10326591EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY-2846650BOY
EOY-3085383EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY-2846650BOY
EOY-3085383EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY7557458BOY
EOY7241208EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-238733ReconcilationRevenueExpenses
Reconcilation Other Changes0ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
Audit Committee1AuditCommittee
Federal Grant Audit Required1FederalGrantAuditRequired
Federal Grant Audit Performed1FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2XPubliclySupportedOrg509a2

Gross Receipts From Admissions GrossReceiptsFromAdmissions

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years723645CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years727647CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years841585CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1000696CurrentTaxYearMinus1Year
Current Tax Year895876CurrentTaxYear
Total4189449Total

Total509 Total509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years723645CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years727647CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years841585CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1000696CurrentTaxYearMinus1Year
Current Tax Year895876CurrentTaxYear
Total4189449Total

Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Amts From Subst Contributors AmtsFromSubstContributors

FieldValueIRS element (for citing)
Total0Total

Support From DQ Ps Etc SupportFromDQPsEtc

FieldValueIRS element (for citing)
Total0Total
FieldValueIRS element (for citing)
Public Support Total5094189449PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years9399CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years885CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years592CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year188CurrentTaxYearMinus1Year
Current Tax Year334CurrentTaxYear
Total11398Total

Investment Income And UBTI InvestmentIncomeAndUBTI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years9399CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years885CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years592CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year188CurrentTaxYearMinus1Year
Current Tax Year334CurrentTaxYear
Total11398Total

Other Income509 OtherIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years5266CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years5289CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years6336CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year31027CurrentTaxYearMinus1Year
Current Tax Year7016CurrentTaxYear
Total54934Total

Total Support Total TotalSupportTotal

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years738310CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years733821CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years848513CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1031911CurrentTaxYearMinus1Year
Current Tax Year903226CurrentTaxYear
Total4255781Total
FieldValueIRS element (for citing)
Public Support Percentage5090.98440PublicSupportPercentage509
Prior Year Support Percentage0.97400PriorYearSupportPercentage
Investment Income Percentage0.00270InvestmentIncomePercentage
Prior Yr Invest Income Percentage0.01290PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509XThirtyThreePercntTestsCY509
General ExplanationSCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME CONSIST OF WATER SEWER REBATE - 2008 AMOUNT: $ 5,266. 2009 AMOUNT: $ 5,289. 2011 AMOUNT: $ 21,376. LAUNDRY REVENUE - 2010 AMOUNT: $ 5,525. 2011 AMOUNT: $ 7,623. 2012 AMOUNT: $ 5,573. FORFEITED SECURITY DEPOSIT - 2010 AMOUNT: $ 811. 2011 AMOUNT: $ 2,028. 2012 AMOUNT: $ 1,443.GeneralExplanation

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtc
Included On FS1IncludedOnFS
Explanation In Part XIIIXExplanationInPartXIII

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis59500OtherCostOrOtherBasis
Book Value59500BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis11037069OtherCostOrOtherBasis
Depreciation4215930Depreciation
Book Value6821139BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis62344OtherCostOrOtherBasis
Depreciation60745Depreciation
Book Value1599BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings6882238TotalOfBookValueLandBuildings
Footnote In Part XIIIXFootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt903226TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal903226RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form990903226TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt1141959TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal1141959ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9901141959TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
PART IV, LINE 2B:THE ORGANIZATION COLLECTS AND MAINTAINS TENANT SECURITY DEPOSITS IN ALIGNMENT WITH THE FOLLOWING PROCEDURE. RESIDENTS PROVIDE THE BUILDING MANAGEMENT OFFICER WITH A SECURITY DEPOSIT UPON MOVING INTO THE HOUSING UNIT. THESE FUNDS ARE DEPOSITED INTO A SEPARATE ACCOUNT AND HELD BY THE ORGANIZATION TO ADDRESS FUTURE EXPENSES THAT MAY BE INCURRED FOR REPAIRS AND/OR DAMAGES TO THE HOUSING UNITS AFTER THE TENANT VACATES THE PREMISES. THE REMAINING SECURITY DEPOSIT FUNDS ARE DISBURSED BACK TO THE TENANT BY THE ORGANIZATION WHEN ALL NECESARY REPAIRS HAVE BEEN COMPLETED TO PREPARE THE UNIT FOR AN INCOMING TENANT.
PART X, LINE 2:THE PROJECT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE PROJECT HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE PROJECT IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2010.DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

TitleTitleBase Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
LINDA R HOFFMAN
CHIEF EXECUTIVE OFFICER040080108500001413900015703051564300
MARTHA BAUER
CHIEF FINANCIAL OFFICER02065020150000002140015753023939500

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePART I, LINE 3ReturnReference
ExplanationCONCOURSE GARDENS HDFC DOES NOT PROVIDE COMPENSATION TO ANY OF ITS TOP MANAGEMENT OFFICIALS. THE SALARY PAID TO THE CFO AND CEO IS PAID BY NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC., A RELATED ORGANIZATION. THE FOLLOWING IS THEIR COMPENSATION POLICY. NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. HAS ESTABLISHED A WRITTEN COMPENSATION POLICY FOR THEIR COMPENSATION COMMITTEE TO FOLLOW IN ESTABLISHING THE COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES. THE POLICY MANDATES THAT EXECUTIVE COMPENSATION BE REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE AND THAT THE COMMITTEE SHOULD BE FREE OF CONFLICTS OF INTEREST. IN ADDITION, THE APPROVING COMPENSATION COMMITTEE NEEDS TO REVIEW APPROPRIATE AND ADEQUATE DATA TO DETERMINE THE REASONABLENESS OF COMPENSATION BEING CONSIDERED. THE COMPENSATION COMMITTEE USES A VARIETY OF INFORMATION AND STUDIES THAT ARE AVAILABLE TO DETERMINE THAT THE APPROPRIATE LEVEL OF COMPENSATION IS BEING PAID TO ITS EXECUTIVES. IN JUNE 2012, THE COMPENSATION COMMITTEE OF NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. ENGAGED AN OUTSIDE CONSULTING FIRM TO CONDUCT AN EXECUTIVE COMPENSATION STUDY WHICH INCLUDED A MARKET EVALUATION OF THE TOP FIVE POSITIONS WITHIN THE ORGANIZATION. THE COMPENSATION COMMITTEE'S DECISION ON THE AMOUNT OF COMPENSATION PAID IS REQUIRED TO BE ADEQUATELY DOCUMENTED IN A CONTEMPORANEOUSLY WRITTEN FORMAT AND SHOULD DOCUMENT THE DATE OF THE DECISION, THE MEMBERS PRESENT DURING THE DECISION AND THOSE WHO VOTED ON IT, THE FULL TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE COMPARABLE DATA USED AND RELIED UPON TO MAKE THE DECISION. THE COMPENSATION REVIEW PROCESS FOR THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES WAS LAST UNDERTAKEN IN JUNE 2013.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION A, LINE 3THE PROJECT PURCHASES MANAGEMENT SERVICES FROM ITS SPONSOR, NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC., A RELATED ENTITY. THESE FEES ARE CHARGEABLE UP TO A MAXIMUM HUD ALLOWABLE RATE OF $53 PER UNIT PER MONTH. THE MANAGEMENT FEES INCURRED DURING THE YEAR ENDED JUNE 30, 2013 AMOUNTED TO $75,684. MANAGEMENT FEES OUTSTANDING AT JUNE 30, 2012 WERE $24,684. THE MANAGEMENT COMPANY MANAGES THE BUILDING. THEY COLLECT RENT, PAY BILLS, OVERSEE THE MAINTENANCE OF THE BUILDING AND RE-CERTIFY TENANTS ANNUALLY TO INSURE COMPLIANCE WITH HUD REQUIREMENTS. PLEASE REFER TO PART VII AS, LINDA HOFFMAN AND MARTHA BAUER ARE COMPENSATED BY THE RELATED ENTITY.
FORM 990, PART VI, SECTION B, LINE 11CONCOURSE GARDENS HDFC, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE: WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, ITS SUBMITTED ELECTRONICALLY TO A REPRESENTATIVE MEMBER OF THE ORGANIZATION'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE MANAGEMENT COMMITTEE IN CHARGE OF FILING THE RETURN FOR THEIR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING.
FORM 990, PART VI, SECTION B, LINE 12CCONCOURSE GARDENS HDFC, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CORPORATE COMPLIANCE OFFICER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE CORPORATE COMPLIANCE OFFICER WILL NOTIFY A MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE CORPORATE COMPLIANCE OFFICER AND BE REPORTED TO THE GOVERNING BODY. IF THE CORPORATE COMPLIANCE OFFICER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT.
FORM 990, PART VI, SECTION C, LINE 19CONCOURSE GARDENS HDFC, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG. IN ADDITION, FORMS 990 AND 1023 AS WELL AS THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO 11 PARK PLACE, SUITE 1416, NEW YORK, NY, 10007 OR BY CALLING THE ORGANIZATION DIRECTLY AT (212) 962-7653.
FORM 990, PART IX, LINE 11GMAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 39,586. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,586. SECURITY: PROGRAM SERVICE EXPENSES 108,652. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 108,652.OTHER FEES
FORM 990, PART XI, LINE 2C:CONCOURSE GARDENS HDFC, INC. HAS A COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.
FORM 990, PART VII: EXPLANATION OF PAYMENT TO ELIZABETH F. TOZERBOARD MEMBER ELIZABETH F. TOZER RECEIVES NO COMPENSATION IN HER CAPACITY AS BOARD MEMBER AND OFFICER. SHE DOES RECEIVE COMPENSATION IN HER CAPACITY AS INTERIOR DESIGN CONSULTANT TO NYFSC, INC., A RELATED ORGANIZATION.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (12 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusDirect Controlling Entity NADirectControllingEntityNAControlled OrgControlledOrgBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
NEW YORK FDTN FOR SENIOR CITIZENS INC - GUARDIAN SERVICES
11 PARK PLACE SUITE 1416NEW YORKNY10007133501671LEGAL GUARDIAN FOR ADULTS ENROLLED IN NYC'S HUMAN RESOURCES ADMIN. PRGM.NY501(C)(3)509(A)(1)N/A0
1850 SECOND AVENUE SERVICES CORP
11 PARK PLACE SUITE 1416NEW YORKNY10007133557175SUBSIDIZED HOUSING FOR THE LOW INCOME.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS
NEW YORK FOUNDATION FOR SENIOR CITIZENS INC
11 PARK PLACE SUITE 1416NEW YORKNY10007132618568IMPROVE THE QUALITY OF LIFE FOR THE ELDERLY.NY501(C)(3)509(A)(1)0NEW YORK FOUNDATION FOR SENIOR CITIZENS
NEW YORK FDTN FOR SENIOR CITIZENS - HOME ATTENDANT SVCS INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133083852LONG-TERM CARE HOME ATTENDANT PROGRAM FOR THE ELDERY.NY501(C)(3)509(A)(1)0NEW YORK FOUNDATION FOR SENIOR CITIZENS
80-92 RIDGE STREET HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133584060SUBSIDIZED HOUSING FOR THE ELDERLY.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS
TENTH AND 51ST HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133270654SUBSIDIZED HOUSING FOR THE ELDERLY.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS
YORKVILLE GARDENS HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133085054SUBSIDIZED HOUSING FOR THE ELDERLY.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS
GEORGE DALY HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133535818TO PROVIDE TRANSITIONAL HOUSING FOR THE HOMELESS.NY501(C)(3)509(A)(1)0NEW YORK FOUNDATION FOR SENIOR CITIZENS
CUMBERLAND GARDENS HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133907908SUBSIDIZED HOUSING FOR THE ELDERLY.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS
ALMA RANGEL GARDENS HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007134066940SUBSIDIZED HOUSING FOR THE ELDERLY.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS
RIVERVIEW GARDENS HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007133995933SUBSIDIZED HOUSING FOR THE ELDERLY.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS
SURF GARDENS HDFC INC
11 PARK PLACE SUITE 1416NEW YORKNY10007205437122SUBSIDIZED HOUSING FOR THE ELDERLY- UNDER CONSTRUCTION.NY501(C)(3)509(A)(2)0NEW YORK FOUNDATION FOR SENIOR CITIZENS
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org0GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Dividends Related Organization0DividendsRelatedOrganization
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs1PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees1SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

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