2013-05-14T10:53:42-05:00 2012-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2011-07-01 132926433 WEST SIDE FEDERATION FOR SENIOR & SUPPORTIVE HOUSING INC % LAURA TAVORMINA CFO WEST 2127216032 2345 BROADWAY NEW YORK NY 10024 LAURA Tavormina 2127216032 2013-05-13 true 2129498700 2011 2016-02-24 21:20:13Z LAURA JERVIS EXECUTIVE DIR 2345 BROADWAY NEW YORK NY 10024 27635517 false X N/A X 1977 NY THE MISSION OF THE WEST SIDE FEDERATION FOR SENIOR & SUPPORTIVE HOUSING, INC. IS TO DEVELOP, MANAGE & PROVIDE SUPPORTIVE SERVICES IN HOUSING FOR LOW-INCOME, ELDERLY, DISABLED AND HOMELESS PERSONS. 6 5 410 25 0 8665591 14416778 9062950 12221898 848882 955091 25306 41750 18602729 27635517 0 0 0 0 11699015 11991429 0 0 35864 6213688 6468951 17912703 18460380 690026 9175137 34680479 43226323 19799178 19974826 14881301 23251497 X THE MISSION OF THE WEST SIDE FEDERATION FOR SENIOR & SUPPORTIVE HOUSING, INC. IS TO DEVELOP, MANAGE & PROVIDE SUPPORTIVE SERVICES IN HOUSING FOR LOW-INCOME, ELDERLY, DISABLED AND HOMELESS PERSONS. false false 532000 8930637 12094321 HOUSING - WSFSSH DEVELOPS AND MANAGES HOUSING FOR LOW INCOME PERSONS IN NEW YORK CITY. SINCE IT WAS FOUNDED IN 1977, WSFSSH HAS DEVELOPED CLOSE TO 1,500 UNITS OF HOUSING IN 22 BUILDINGS LOCATED ON THE UPPER WEST SIDE OF MANHATTAN, IN HARLEM, CHELSEA AND THE BRONX. WSFSSH'S BUILDINGS INCLUDE BOTH NEW CONSTRUCTION AND GUT RENOVATIONS PROJECTS, AND RANGE IN SIZE FROM SIX UNITS TO 273 UNITS. WSFSSH'S CENTRAL GOAL IS TO PROVIDE SAFE, SUSTAINABLE AND AFFORDABLE HOUSING THAT SUPPORTS THE DIGNITY OF EACH OF ITS RESIDENTS AND ENHANCES COMMUNITY BOTH INSIDE AND OUTSIDE ITS BUILDINGS. IT DOES THIS BY INTEGRATING COMPASSIONATE PROPERTY MANAGEMENT WITH ON-SITE SUPPORTIVE SOCIAL SERVICES. IN ADDITION, WSFSSH WORKS TO MAKE ALL OF ITS BUILDINGS AS ENERGY-EFFICIENT AS POSSIBLE. CURRENTLY WSFSSH IS DEVELOPING A 115-UNIT PROJECT IN THE BRONX AND HAS SEVERAL OTHER PROJECTS IN VARIOUS PLANNING STAGES. 532000 6980121 127577 SOCIAL SERVICES AND RESIDENTIAL CARE- WSFSSH MAKES SUPPORTIVE SOCIAL SERVICES AVAILABLE TO ALL RESIDENTS IN ITS BUILDINGS. THESE RESIDENTS INCLUDE INDEPENDENT SENIORS, FRAIL ELDERLY INDIVIDUALS, OLDER PERSONS LIVING WITH SERIOUS MENTAL ILLNESSES, HOMELESS INDIVIDUALS, SINGLE OLDER PERSONS, PERSONS LIVING WITH PHYSICALLY HANDICAPPING CONDITIONS, GRANDPARENTS RAISING THEIR GRANDCHILDREN, AND FAMILIES. ON-SITE SERVICES ARE PROVIDED BY A PROFESSIONAL STAFF THAT INCLUDES 30 MSWs AND 40 ADDITIONAL SOCIAL SERVICE STAFF. SERVICES INCLUDE CASE MANAGEMENT, ADMINISTRATION OF MEDICATION, PERSONAL CARE, HOUSEKEEPING, NUTRITION COUNSELING, MENTAL HEALTH COUNSELING AND REFERRAL, AND RECREATIONAL ACTIVITIES. IN FIVE OF ITS BUILDINGS WSFSSH PROVIDES FULL CONGREGATE SERVICES INCLUDING THREE MEALS A DAY, SEVEN DAYS A WEEK. 15910758 true true false false false false false false false false true false true false true true false true false false false false false false false false false false false false true false false false false false false false false false true true false false false true true false false false false true 30 0 true 410 true false false false false false false false false false false X 6 5 false false false false false false false true true false false true true true true true true true true false NY X LAURA TAVORMINA CFO 2127216032 2345 BROADWAY NEW YORK NY 10024 X MR SHELDON J FINE 2.0 X X 0 0 0 FATHER ROBERT O'CONNOR 2.0 X X 0 0 0 MS JULIE SANDORF 2.0 X 0 0 0 FATHER JOHN DUFFELL 2.0 X X 0 0 0 REV ALISTAIR DRUMMOND 2.0 X 0 0 0 MS JERILYN PERINE 2.0 X 0 0 0 MS LAURA JERVIS 40.0 X 116506 0 9201 MS LAURA TAVORMINA 40.0 X 113792 0 9108 DANIEL DROSIN 40.0 X 98696 0 8798 NANDA WIN 40.0 X 90561 0 8739 LEONOR TUCKER 40.0 X 115938 0 9108 535493 0 44954 3 false false false CENTER FOR URBAN COMMUNITY SERVICES 198 EAST 121ST STREET NEW YORK NY 10035 CONSULTANTS 102129 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 10017 AUDITING 115000 4 6300879 7431939 683960 5299248 14416778 MANAGEMENT FEES 531310 1225345 1225345 RENTAL INCOME 532000 7846477 7846477 DEVELOPMENT FEES 531310 3022500 3022500 SERVICE CONTRACT OVERHEAD REVENUE 531310 127576 127576 12221898 955091 955091 0 0 0 0 0 0 OTHER INCOME 900099 41750 41750 41750 27635517 12221898 996841 0 0 0 0 472145 101099 343558 27488 0 8705915 7672793 1033122 208963 172848 35290 825 1811636 1419456 390115 2065 792770 680023 110477 2270 0 73191 46696 26495 90400 6424 83976 0 0 0 520145 298945 221200 0 215288 123255 90670 1363 169303 113564 54817 922 0 0 65567 63502 2024 41 0 9607 2179 7282 146 944775 944775 0 914326 900690 13367 269 250568 230835 19344 389 SOCIAL AND RECREATION EXP 194319 194319 SUPPLIES 271156 270582 574 FOOD 750042 749306 736 UTILITIES 658189 658189 1342075 1261278 80711 86 18460380 15910758 2513758 35864 1692964 1611342 1455799 2825140 1447454 664537 2125601 4349122 0 0 0 0 332121 4774226 0 0 296638 388394 28464936 7257625 21349928 21207311 0 0 0 0 3972486 5551206 0 0 2007488 1855045 34680479 43226323 986593 1060925 0 0 201511 112849 12325000 12025000 0 0 0 0 3524405 3465625 248080 75000 2513589 3235427 19799178 19974826 X 14758161 22999512 123140 251985 0 0 14881301 23251497 34680479 43226323 X 9175137 -804941 X false true true X true true X 7422296 7934789 7943074 8665591 14416778 46382528 7422296 7934789 7943074 8665591 14416778 46382528 46382528 45001 20973 25730 91704 113577 143659 127603 91173 41570 517582 46991814 46518906 0.98703 0.97860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7058020 7058020 19336779 5653575 13683204 1485102 1326219 158883 585035 277831 307204 21207311 INV IN LOW-INC ELDERLY HSG PRO 5551206 C 5551206 0 DUE TO RESIDENTS 854372 TENANTS' SECURITY DEPOSITS HEL 148367 SWAP LIABILITY 2232688 3235427 FIN 48 DISCLOSURE PART X - ITEM 2 The Organization is subject to the provisions of the Financial Accounting Standards Board's Accounting Standards Codification ("ASC") Topic 740-10-05 relating to accounting and reporting for uncertainty in income taxes. Because of the Organization's general tax-exempt status, Topic ASC 740-10-05 has not had, and is not expected to have, a material impact on its consolidated financial statements. THE NEW YORK CITY HOUSING DEVELOPMENT CORPORATION 132688369 64970VCK7 2004-12-21 13625000 MULTI-FAMILY MORTGAGE REVENUE false false false 0 0 13625000 0 0 0 265030 0 215555 13144415 0 0 2004 false false true true false false false false 0.00000 0.00000 0.00000 true false true true CITYBANK NA 15. false false false 0 false true X SEE SCHEDULE O 0 THE WESTBOURNE HOUSING DEVELOPMENT MANAGEMENT AND SOCIAL SERVICES FUND COMPANY COMMON BOARD MEMBERS 136229 OVERHEAD FEES false MANHATTAN WEST ASSOCIATES LP 45% INTEREST 390862 MANAGEMENT AND SOCIAL SERVICES false ONE FORTY NINE HOUSING COMPANY COMMON BOARD MEMBERS 104598 MANAGEMENT AND SOCIAL SERVICES false SCHEDULE L PART IV WSFSSH ALSO PROVIDES PROPERTY MANAGEMENT SERVICES AND SOCIAL SERVICES TO SEVERAL INTERESTED PARTIES WHERE A MAJORITY OF THE INTERESTED PARTY'S BOARD IS CONTROLLED BY CURRENT OFFICERS AND/OR DIRECTORS OF WSFSSH, OR WHERE WSFSSH HAS A GREATER THAN 35% INTEREST. IN THE CASE OF THE ITEMS REPORTED IN PART IV, THE COST OF THESE SERVICES EXCEEDED $100,000. X REAL ESTATE PROPERTY 1 5293186 APPRAISAL false true false PART 1 LINE 25 On June 13, 2012, East One Thirty Eighth HDFC , which is a tax exempt organization and wholly controlled subsidiary of West Side Federation For Senior and Supportive Housing (WSFSSH), contributed the real estate property located at 285 East 138th Street, Bronx, New York, other assets and related debt, with a net fair market value basis $5,975,879 (net book value basis at $5,439,805) to WSFSSH. This total contribution amount of $5,975,879 at a net fair market value basis is reported in Form 990 Part VIII line 1 (d) Contributions, from Related Organization. The non-cash portion of this contribution $5,293,186 is reported in Schedule M Part I line 25. The net book value basis amount at $5,439,805 is reported under category "R" on schedule R. FORM 990, PART V1 GOVERNANCE, MANAGEMENT AND DISCLOSURES, PARTS A, B, C SECTION B, LINE 11A - The Form 990 is distributed to the full Board of Directors for their review and approval prior to filing. SECTION B, LINE 12C - the Conflict of Interest Statements are distributed for completion to all Directors and Officers annually. All statements are reviewed by the entire Board and maintained by the Executive Director. SECTION B, LINE 15 - The compensation committee determines the compensation of the Executive Director and reviews the compensation of other officers on an annual basis. Comparative data is used to make sure that compensation is not greater than market rate for similar positions. SECTION C, LINE 19 The organization makes the following governance documents available for public inspection upon request: 1. Articles of Incorporation 2. By-Laws 3. IRS Determination Letter 4. Conflict of Interest Policy 5. Audited Consolidated Financial Statements 6. Form 990 FORM 8868 FORM 8868 - APPLICATION FOR EXTENSION OF TIME TO FILE FOR AN EXEMPT ORGANIZATION WAS ELECTRONICALLY FILED. Other change in net assets reported in Part XI Reconciliation of Net Assets The change in net assets in the amount of $(804,941) reported in Part XI line 5 is related to the change in value of an interest-rate swap agreement which has been adjusted to its fair value using current interest rates and the current creditworthiness of the swap counter-parties. SCHEDULE K SUPPLEMENTAL INFORMATION PART V SCHEDULE K - PART IA IN 2004 THE NEW YORK CITY HOUSING DEVELOPMENT CORPORATION ("HDC") ISSUED $13,625,000 IN TAX EXEMPT, MULTI-FAMILY MORTGAGE REVENUE BONDS (2004 SERIES A) ON BEHALF OF MARSEILLES(A DISREGARDED ENTITY REPORTED IN THE 990). THE BONDS HAVE A TERM OF 30 YEARS. UNDER A FIFTEEN YEAR INTEREST RATE SWAP AGREEMENT WITH CITIGROUP THE BONDS CARRY AN INTEREST RATE OF 4.06%. SCHEDULE K- PART III LINE 3C THE QUESTION IS NOT APPLICABLE BECAUSE NO SUCH CONTRACTS OR AGREEMENTS EXIST. SCHEDULE K - PART IV LINE 1 THE ARBITRAGE REBATE CALCULATION HAVE BEEN COMPLETED IN JANUARY 2012, BUT A FORM 8038 - T WAS NOT FILED SINCE THERE WAS NO LIABILITY DUE. MARSEILLES LLC 2345 BROADWAY NEW YORK NY 10024 132926433 LOW INC HSG NY 3203844 24924507 WSFSSH WESTBOURNE HOUSING DEVELOPMENT FUND COMP 2345 BORADWAY NEW YORK NY 10024 133394231 LOW INC HSG NY 501 (c)(3) 509(A)(2) WSFSSH false WSA HOUSING DEVELOPMENT FUND COMPANYINC 2345 BROADWAY NEW YORK NY 10024 133257830 LOW INC HSG NY 501 (c)(3) 509(a)(2) WSFSSH false K&L HOUSING DEVELOPMENT FUND COMPANYINC 2345 BROADWAY NEW YORK NY 10024 133957282 LOW INC HSG NY 501 (c)(3) 509(a)(2) WSFSSH false EUCLID HALL HOUSING DEVELOPMENT FUND 2345 BROADWAY NEW YORK NY 10024 133527248 LOW INC HSG NY 501 (c)(3) 509(a)(2) WSFSSH false FREDERIC FLEMING HOUSING DEVELOPMENT 2345 BROADWAY NEW YORK NY 10024 133370157 LOW INC HSG NY 501 (c)(3) 509(a)(2) WSFSSH false WEST SIDE SPECIAL HOUSING DEVELOPMENT 2345 BROADWAY NEW YORK NY 10024 133363237 LOW INC HSG NY 501 (c)(3) NONE WSFSSH false EAST ONE THIRTY EIGHT HDC INC 2345 BROADWAY NEW YORK NY 10024 272817926 LOW INC HSG NY 501 (C)(3) 509 (A)(2) WSFSSH false BORINQUEN COURT ASSOCIATES LP 2345 BROADWAY EIN 27-3214198 NEW YORK NY 10024 273214198 LOW INC HSG NY BOR CTHSG RELATED 0 0 false 0 true 0.01000 EUCLID HALL ASSOCIATES LP 2345 BROADWAY EIN 13-3739126 NEW YORK NY 10024 LOW INC HSG NY 2345 HSG COINC RELATED -6699 20369 false 0 true 0.01000 TWO HUNDRED SIX ASSOCIATES LP 2345 BROADWAY EIN 13-3839380 NEW YORK NY 10024 133839380 LOW INC HSG NY MICHALSKI HDFC RELATED 7737 1170 false 0 true 0.01000 ONE HUNDRED FORTY ASSOCIATES LP 2345 BROADWAY EIN 20-4467272 NEW YORK NY 10024 204467272 LOW INC HSG NY 140 HSG CO INC RELATED -13 389 false 0 true 0.00010 CLAREMONT PARK ASSOCIATES LP 2345 BROADWAY EIN 26-3714382 NEW YORK NY 10024 263714382 LOW INC HSG NY CLARE PK HSG CO RELATED -117 3325486 false 0 true 0.00010 WEST EIGHTIES ASSOCIATES LP 2345 BROADWAY EIN 26-2448212 NEW YORK NY 10024 262448212 LOW INC HSG NY W80S HSG COINC RELATED -16 180075 false 0 true 0.00010 ONE FORTY NINE HOUSING COMPANY 2345 BROADWAY EIN 13-3316860 NEW YORK NY 10024 133316860 LOW INC HSG NY FHSS INC RELATED -231 116370 false 0 true 0.01000 MANHATTAN WEST ASSOCIATES LP 2345 BROADWAY EIN 13-3060464 NEW YORK NY 10024 133060464 LOW INC HSG NY FHSS INC B 648930 367070 true 0 true 0.01000 BORINQUEN COURT HOUSING COMPANY INC 2345 BROADWAY NEW YORK NY 10024 273214146 LOW INC HSG NY WSFSSH C CORP -155 0 1.00000 2345 Housing Company Inc 2345 BROADWAY NEW YORK NY 10024 133739124 LOW INC HSG NY EUCL HALL HDFC C CORP -334 0 1.00000 Ben Michalski HDFC Inc 2345 BROADWAY NEW YORK NY 10024 133699837 LOW INC HSG NY WSFSSH C CORP -1791 -20082 1.00000 One Hundred Forty Housing Co Inc 2345 BROADWAY NEW YORK NY 10024 204467153 LOW INC HSG NY WSFSSH C CORP -168 36 1.00000 Claremont Park Housing Company Inc 2345 BROADWAY NEW YORK NY 10024 205273662 LOW INC HSG NY WSFSSH C CORP -4857 3325486 1.00000 West Eighties Housing Company Inc 2345 BROADWAY NEW YORK NY 10024 262448081 LOW INC HSG NY WSFSSH C CORP -2333 180155 1.00000 Federation Housing Support Services Inc 2345 BROADWAY NEW YORK NY 10024 133080217 LOW INC HSG NY WSFSSH C CORP 456856 293676 1.00000 false true true true false true false false false false true false false false false true false true BORINQUEN COURT HOUSING COMPANY INC B 1454948 FMV FEDERATION HOUSING SUPPORT SERVICES INC C 325000 FMV CLAREMONT PARK ASSOCIATES LP D 2557578 FMV EUCLID HALL ASSOCIATES LP D 56182 FMV TWO HUNDRED SIX ASSOCIATES LP D 252801 FMV WEST EIGHTIES ASSOCIATES LP D 144734 FMV K&L HDC INC D 424365 FMV BORINQUEN COURT ASSOCIATES LP D 4442105 FMV BORINQUEN COURT ASSOCIATES LP F 6106290 FMV CLAREMONT PARK ASSOCIATES LP K 65800 FMV EAST ONE THIRTY EIGHTH HDFC K 81982 FMV ONE FORTY NINE HOUSING COMPANY K 104598 FMV EUCLID HALL ASSOCIATES LP K 296271 FMV THE WESTBOURNE HDFC K 136229 FMV FEDERATION HOUSING SUPPORT SERVICES INC K 60000 FMV K&L HDFC INC K 86544 FMV MANHATTAN WEST ASSOCIATES LP K 390862 FMV ONE HUNDRED FORTY ASSOCIATES LP P 170063 FMV EUCLID HALL ASSOCIATES LP P 219831 FMV K&L HDFC INC P 293475 FMV ONE FORTY NINE HOUSING COMPANY P 317497 FMV MANHATTAN WEST ASSOCIATES LP P 437818 FMV WESTBOURNE HDFC P 424524 FMV CLAREMONT PARK ASSOCIATES LP P 192370 FMV WEST EIGHTIES ASSOCIATES LP P 79239 FMV EAST ONE THIRTY EIGHTH HDFC P 336195 FMV EAST ONE THIRTY EIGHTH HDFC R 5439805 FMV PART V WSFSSH MANAGES SEVERAL FUNCTIONS CENTRALLY FOR ITSELF AND ITS AFFILIATES. THESE FUNCTIONS INCLUDE PAYROLL, HEALTH, DENTAL, LIFE AND DISABILITY INSURANCE, AND PROPERTY AND LIABILITY INSURANCE. WSFSSH BILLS ITS AFFILIATES AND IS REIMBURSED BY THEM FOR THESE EXPENSES. THESE REIMBURSED EXPENSES ARE REPORTED UNDER CATEGORY "P" ON SCHEDULE R PART V. IN ADDITION, WSFSSH MAY ADVANCE FUNDS TO ITS AFFILIATES WHICH ARE DEVELOPING NEW LOW INCOME HOUSING SUCH AS CLAREMONT PARK AFFILIATE. TO THE EXTENT THAT WSFSSH IS NOT REIMBURSED FULLY FOR THE DEVELOPMENT FUNDS IT ADVANCES TO ITS AFFILIATES OR THE PAYROLL, FRINGE AND INSURANCE EXPENSES THAT IT PAYS ON BEHALF OF ITS AFFILIATES, THE ADVANCED FUNDS ARE LOANED TO THE AFFILIATES AND ARE REPORTED UNDER CATEGORY "D" ON SCHEDULE R PART V. WSFSSH ALSO PROVIDES PROPERTY MANAGEMENT SERVICES AND SOCIAL SERVICES TO SEVERAL OF ITS AFFILIATES. THE COST OF THESE SERVICES TO THE AFFILIATES IS REPORTED UNDER CATEGORY "K" ON SCHEDULE R. On June 13, 2012, East One Thirty Eighth HDFC , which is a tax exempt organization and wholly controlled subsidiary of West Side Federation For Senior and Supportive Housing (WSFSSH), contributed the real estate property located at 285 East 138th Street, Bronx, New York, other assets and related debt, with a net fair market value basis $5,975,879 (net book value basis at $5,439,805) to WSFSSH. This total contribution amount of $5,975,879 at a net fair market value basis is reported in Form 990 Part VIII line 1 (d) Contributions, from Related Organization. The non-cash portion of this contribution $5,293,186 is reported in Schedule M Part I line 25. The net book value basis amount at $5,439,805 is reported under catergory "R" on schedule R. On the same day, WSFSSH sold the above contributed real estate property, including associated debt, to Borinquen Court Associates, LP, a related entity of WSFSSH, at an appraised value of $6,106,290. On a consolidated level, WSFSSH recognized a gain on the sale of approximately $536,000 in its consolidated financial statements. As part of the proceeds from the sale, WSFSSH received a purchase money note receivable of $4,442,105. The sale value $6,106,209 is reported under category "F" on Schedule R. And the note receivable is reported under category "D" on Schedule R. In addition, WSFSSH made a capital investment of $1,454,948 in Borinquen Court Housing Company, Inc, its wholly owned subsidiary, which then acquired 0.1% general partnership interest in Borinquen Court Associates, LP. This capital investment is reported under category "B" on Schedule R.