2013-06-03T12:22:54-05:00 2012-07-31 161170608 TOSKI & CO CPAS PC 300 ESSJAY RD SUITE 115 WILLIAMSVILLE NY 14221 990 2011-08-01 222873650 HUDSON VALLEY HOUSING DEVELOPMENT FUND COMPANY INC HUDS 8452972004 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 GREGORY SUPPLE ESQ 8452972004 2013-05-28 1 JOHN T O'BRIEN MBA MST P01253588 7166340700 2013-05-28 2011 2016-03-07 17:11:31Z GREGORY SUPPLE ESQ 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 435404 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. 5 4 0 0 0 0 0 73282 299314 344301 1880 750 7861 17071 309055 435404 0 0 0 0 69600 81500 0 0 0 348189 357636 417789 439136 -108734 -3732 6178261 5783988 980310 589769 5197951 5194219 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 405657 344301 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. 405657 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 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 NY X X MT O'LEARY CEO 8452972004 CSP 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 GREGORY D SUPPLE ESQ 1.00 X X 0 0 0 DAVID MERTE PE 1.00 X X 0 0 0 JOAN ECK 1.00 X X 0 0 0 JOHN LAWRENCE 1.00 X 0 0 0 MARGARET T O'LEARY 40.00 X X 0 119995 80453 0 119995 80453 0 0 1 0 0 73282 73282 RENTAL INCOME 531110 344301 344301 344301 750 750 MISCELLANEOUS INCOME 900099 8380 8380 A/C FEES 812310 5110 5110 LAUNDRY INCOME 812310 3581 3581 17071 435404 344301 0 17821 81500 70824 10676 81645 81645 655 655 1628 1628 15274 5524 9750 50 50 421 359 62 51284 51284 53832 50694 3138 78428 75409 3019 14418 11980 2438 MAINTENANCE AND REPAIRS 22608 22608 BUILDING SUPPLIES 18105 18105 MISCELLANEOUS 7239 5659 1580 TRASH REMOVAL 6144 6144 5905 5372 533 439136 405657 33479 0 434 35 1785 307 58872 54718 10189 4088 3301078 1134478 2132638 2166600 4952 4752 3969391 3553488 6178261 5783988 18687 66988 2584 2503 947783 505982 11256 14296 980310 589769 X 5197951 5194219 5197951 5194219 6178261 5783988 -3732 0 X X 0 1 1 X 0 X 290000 1407219 73282 1770501 290000 1407219 73282 1770501 1770501 5743 4791 3019 1880 750 16183 6545 7748 7861 17071 39225 1825909 2117061 0.96970 0.97500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250125 250125 3049763 1133288 1916475 1190 1190 0 2166600 DUE FROM AFFILIATES 1615014 PROJECT DEVELOPMENT FEES 660807 DUE FROM SUBSIDIARIES 724696 TENANT'S SECURITY DEPOSITS 14296 RESERVE FOR REPLACEMENTS 148420 OPERATING RESERVE 30055 INVESTMENT IN LP 360200 3553488 TENANT'S SECURITY DEPOSITS 14296 14296 435404 439136 -3732 -3732 435404 0 435404 0 435404 439136 0 439136 0 439136 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2008, 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, 2008 AND PRIOR. 0 0 0 0 0 0 0 0 0 MARGARET T O'LEARY 0 119995 0 0 0 0 0 80453 0 0 0 200448 0 59877 ULSTER SAVINGS BANK SR VICE PRES OF ULSTER SAVINGS IS ORGAINIZATION'S TREASURER (JOAN ECK) 505982 MORTGAGE 0 FORM 990, PART VI, SECTION A, LINE 3 COMMUNITY SERVICES PROGRAMS, INC. STAFF PROVIDES DEVELOPMENT AND MANAGEMENT SERVICES TO HUDSON VALLEY HOUSING DEVELOPMENT FUND COMPANY, INC. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PRESENTED TO THE BOARD AT SCHEDULED BOARD MEETING FOR REVIEW AND SIGNATURES. 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 VIA GUIDESTAR, COMPARABLE POSITIONS/ORGANIZATIONS ARE REVIEWED AND RECONCILED FOR EQUITABLE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 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, 2012. 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 MEADOW RIDGE II HOUSING DEV FUND CO 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 203519310 INVESTMENT NY N/A C 1.00000 DIMARCO PLACE II INC 5 GIVANS AVENUE WAPPINGERS FALLS NY 12590 550832444 INVESTMENT NY N/A C 1.00000 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 0 0 0 0 0 0 1 0 0 0 0 0 0 MEADOW RIDGE I LP D 196280 COST MEADOW RIDGE II LP D 791398 COST DIMARCO PLACE II LP D 485279 COST GREEN MEADOWS APARTMENTS LP E 1939 COST COMMUNITY SERVICES PROGRAMS INC L 81645 COST