2012-05-15T14:20:52-05:00 2011-06-30 BONADIO & CO LLP 6 WEMBLEY COURT ALBANY NY 12205 990 2010-07-01 141819599 TERESIAN HOUSE HOUSING CORPORATION TERE 5184522552 100 WHITE PINE DRIVE ALBANY NY 12203 RICHARD FORRELL 5184522552 2012-05-14 1 TERRI CONRAD REGAN 5184644080 2012-05-14 2010 2016-02-24 21:20:13Z RICHARD FORRELL 100 WHITE PINE DRIVE ALBANY NY 12203 5354300 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. 4 4 89 0 0 0 0 0 4622808 5349218 16254 5082 0 0 4639062 5354300 0 0 0 0 1214801 1459095 0 0 0 4380957 5201739 5595758 6660834 -956696 -1306534 36116107 45072465 51026248 61306688 -14910141 -16234223 TERESIAN HOUSE HOUSING CORPORATION'S PURPOSE IS THE OPERATION OF HOUSING FACILITIES FOR THE ELDERLY, PRINCIPALLY WITHIN THE GEOGRAPHIC AREA WITH THE ROMAN CATHOLIC DIOCESE OF ALBANY. 0 0 5053806 5349218 THE FUNCTION OF THE 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 5053806 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 7 0 1 89 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 1 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X KATHERINE GRIFFERTY 5184522552 678 TROY SCHENECTADY ROAD LATHAM NY 12110 X BISHOP HOWARD HUBBARD 2.00 X X 0 0 0 SISTER PAULINE BRECANIER 2.00 X X 0 0 0 MICHAEL COSTELLO 2.00 X 0 0 0 SISTER KEVIN PATRICIA LYNCH 2.00 X 0 0 0 STEVE GRIFFERTY X 0 0 0 0 0 0 0 0 0 0 LECESSE CONSTRUCTION SERVICES LLC 75 THRUWAY PARK DRIVE WEST HENRIETTA NY 14586 CONSTRUCTION SERVICES 7399352 SODEXHO PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICE 592994 ALCHESTER MANAGEMENT 678 TROY SCHENECTADY ROAD LATHAM NY 12110 MANAGEMENT SERVICES 376081 KDA ARCHITECTS 247 LAUREL RD SUITE 200 VOORHEES NJ 08043 ARCHITECTURE SERVICES 171687 TOBIN AND GRIFFERTY PC 678 TROY SCHENECTADY ROAD STE 303 LATHAM NY 12110 LEGAL 118014 7 RESIDENT SERVICE FEES 532000 5349218 5349218 5349218 5082 5082 5354300 5349218 0 5082 1217106 870656 346450 31491 31491 139377 105146 34231 71121 54358 16763 287117 23560 263557 10246 346 9900 20300 20300 7545 7545 1271 1271 672480 672480 34803 4604 30199 536053 512200 23853 212112 212112 1730262 1730262 149687 49183 100504 DINING SERVICES 708656 708656 LETTER OF CREDIT AND BA 466249 466249 GROUNDS AND MAINTENANCE 161697 161697 OTHER EXPENSES 94893 87450 7443 TELEPHONE AND CABLE 89274 89274 19094 35836 -16742 6660834 5053806 1607028 0 1668556 3317826 167917 225754 1641618 373726 86230 45603925 10481235 27172071 35122690 2340859 2489962 1366950 496348 2800274 1917791 36116107 45072465 1576925 565660 17304 18425000 18090000 671148 318656 2610000 10882352 4001065 4161265 23742110 27271451 51026248 61306688 X -14910141 -16234223 -14910141 -16234223 36116107 45072465 X -1306534 -17548 X X 0 1 1 X 0 X 5340047 5378143 5266226 4622808 5349218 25956442 5340047 5378143 5266226 4622808 5349218 25956442 0 0 0 25956442 238360 192986 47625 16254 5082 500307 238360 192986 47625 16254 5082 500307 5578407 5571129 5313851 4639062 5354300 26456749 0.98110 0.97110 0.01890 0.02890 X 0 0 44415513 9395579 35019934 126800 126800 0 1061612 958856 102756 35122690 MUNICIPAL OBLIGATIONS 2489962 F 2489962 UNEARNED ENTRANCE FEES 644416 REFUNDABLE ENTRANCE FEES 26627035 27271451 5354300 6660834 -1306534 -17548 -17548 -1324082 5329267 -17548 -17548 5346815 7485 7485 5354300 6653349 0 6653349 7485 7485 6660834 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2011 AND 2010, 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 2007. DORMITORY AUTHORITY OF STATE OF NY 146000293 64983UJP6 2003-07-22 40265000 CONSTRUCTION OF REITREMENT COMMUNITY 1 0 0 40265000 1948715 659797 3414839 34241649 2004 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 STEVE GRIFFERTY ORGANIZATION'S CFO AND PARTNER IN THE ORGANIZATION'S LAW FIRM 118014 LEGAL FEES 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 5 A MATERIAL DIVERSION OF ASSETS WAS DISCOVERED IN AUGUST 2011, SUBSEQUENT TO THE FISCAL YEAR ENDING WITH THIS REPORT. APPROXIMATELY $1.5 MILLION HAS BEEN IDENTIFIED AS BEING EMBEZZLED FROM THE ORGANIZATION BY A FORMER EMPLOYEE AS A RESULT OF CONTACT FROM THE FORMER EMPLOYEE'S ATTORNEY. THE FORMER EMPLOYEE WAS UNDER THE DIRECT SUPERVISION OF THE MANAGEMENT COMPANY, ALCHESTER GROUP LLC. AN EXTENSIVE REVIEW OF THE ORGANIZATION'S BOOKS WAS UNDERTAKEN BY THE MANAGEMENT COMPANY, A FORENSIC ACCOUNTING FIRM WAS HIRED TO REVIEW THIS WORK, AND THE FBI IS INVESTIGATING THE CASE. CRIMINAL CHARGES HAVE NOT BEEN FILED YET AS THE FBI INVESTIGATION IS STILL UNDERWAY. AS A RESULT OF THIS DIVERSION, INTERNAL CONTROLS OVER CASH ACCOUNTS, INVESTMENT ACCOUNTS AND THE GENERAL LEDGER HAVE BEEN REVIEWED. 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. HOWEVER, DURING 2010 THERE WAS A DEATH OF A KEY PERSON AND ALLEGED MISAPPROPRIATION. DUE TO THESE CIRCUMSTANCES THE RETURN WAS NOT REVIEWED BY THE BOARD PRIOR TO BEING FILED. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -17,548. FORM 990, PART XII, LINE 1: SAME PROCESS AS PRIOR YEAR WITH THE EXCEPTION OF A NEW INDEPENDENT ACCOUNTING FIRM BEING APPOINTED. REASONABLE CAUSE STATEMENTTHIS RETURN IS BEING FILED ON OR BEFORE MAY 15, 2012 UNDER A VALID FIRST EXTENSION THAT EXTENDED THE RETURN UNTIL FEBRUARY 15, 2012. ELECTRONIC FILING WAS NOT AVAILABLE JANUARY 1, 2012 THROUGH FEBRUARY 29, 2012 DUE TO UPGRADES TO IRS ELECTRONIC FILING SYSTEMS AND THE IRS DIRECTED IN NOTICE 2012-4 THAT RETURNS DUE JANUARY 15, 2012 OR FEBRUARY 15, 2012 BE FILED BETWEEN MARCH 1, 2012 AND MARCH 30, 2012 WITHOUT PENALTY.TAXPAYER EXPECTED TO FILE THIS RETURN DURING THAT TIME FRAME, BUT DISCOVERED AN ADDITIONAL, 2ND EXTENSION WAS NEEDED UNTIL MAY 15, 2012. AN EXTENSION REQUEST WAS FILED BEFORE THE MARCH 30, 2012 DUE DATE GIVEN IN NOTICE 2012-4. WE REQUEST THAT PENALTIES BE WAIVED BECAUSE IT WOULD BE INEQUITABLE TO IMPOSE A PENALTY ON US DUE THE UNUSUAL CIRCUMSTANCES REQUIRING US TO DELAY THE FILING OF THIS RETURN.