2012-11-15T15:18:42-06:00 2011-12-31 133385019 O'CONNOR DAVIES MUNNS & DOBBINS LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2011-01-01 020663534 CABRINI HOUSING DEVELOPMENT FUND CORPORATION CABR 2126736262 220 EAST 19TH STREET NEW YORK NY 10003 PATRICIA KRASNAUSKY 2123586265 2012-11-15 1 GARRETT HIGGINS P00543209 9143818900 2011 2016-03-07 17:11:31Z PATRICIA KRASNAUSKY 220 EAST 19TH STREET NEW YORK NY 10003 664773 0 0928 X WWW.CABRINI-ELDERCARE.ORG X 2002 NY CABRINI HOUSING DEVELOPMENT FUND CORPORATION (HDFC) BEGAN ITS OPERATIONS IN OCTOBER 2005 TO PROVIDE AFFORDABLE HOUSING TO THE VERY LOW INCOME AND HANDICAPPED, ELDERLY POPULATION. THE GOAL: TO MAXIMIZE RESIDENTS ABILITY TO MAINTAIN THEIR INDEPENDENCE WHILE "AGING IN PLACE." THE RESIDENCES PROVIDE SECURITY, COMMUNITY, AND CONTINUITY, IMPORTANT HOUSING FEATURES FOR AGING RESIDENTS THAT OTHER HOUSING ASSISTANCE PROGRAMS MAY NOT PROVIDE. CONSISTING OF 70 ONE BEDROOM APARTMENTS, CABRINI HDFC HOUSES 93 RESIDENTS, OF WHICH 64 OF THE HOUSEHOLD UNITS ARE CATEGORIZED AS EXTREMELY LOW INCOME (LESS THAN $17,200). VERY LOW INCOME IN THE NYC REGION IS DEFINED AS A HOUSEHOLD WITH AN INCOME OF LESS THAN $28,650 FOR A ONE PERSON HOUSEHOLD AND $32,750 FOR A TWO PERSON HOUSEHOLD. 10 9 0 10 0 0 1480 25 637706 638033 1072 979 25672 25736 665930 664773 0 0 0 0 0 0 0 0 0 848309 885251 848309 885251 -182379 -220478 14388281 14124166 12170918 12127281 2217363 1996885 X IT IS THE MISSION OF CABRINI APARTMENTS TO EXTEND THE INDEPENDENCE AND INCREASE THE QUALITY OF LIFE OF LOW INCOME AND MOBILITY IMPAIRED SENIOR CITIZENS THROUGH THE PROVISION OF SAFE, AFFORDABLE HOUSING IN CONJUNCTION WITH SOCIAL ACTIVITIES AND LINKING SUPPORT SERVICES. THESE SERVICES WILL BE PROVIDED INCORPORATING THE CORE VALUES OF CABRINI: COMPASSION. RESPECT. DIGNITY. EXCELLENCE. 0 0 726669 638033 ALL EXPENSES OF THE FACILITY ARE DIRECTLY RELATED TO PROVIDING SERVICES TO ACHIEVE THE GOALS OF THE CABRINI HDFCS MISSION. ALL 70 UNITS ARE DESIGNED AND INTENDED TO SERVICE AND MEET THE NEEDS OF LOW INCOME WELL, FRAIL AND AT RISK ELDERLY. DESIGN FEATURES INCLUDE; EMERGENCY PULL CORDS, HANDRAILS, STEP IN SHOWER (EASE OF MOVEMENT) WIDER ENTRY DOORS, LOWER KITCHEN CABINETS AND SINK. EACH HOUSEHOLD IS SELECTED ACCORDING TO A TENANT SELECTION PROCESS APPROVED BY U.S. HOUSING AND URBAN DEVELOPMENT.THE CABRINI APARTMENTS EMPLOYS A PART TIME STAFF PERSON (RESIDENT COORDINATOR) WHOSE RESPONSIBILITY IS TO IDENTIFY NEEDS OF THE RESIDENT, LINK SERVICES, ADVOCATE WITH EXTERNAL THIRD PARTIES, COMPLETE MUNICIPAL APPLICATIONS FOR BENEFITS, AND COORDINATE EDUCATIONAL AND INFORMATION LECTURES RELATED TO AGING ISSUES AND OTHER SOCIAL ACTIVITIES. IN 2011, $107,866 WAS SPENT DIRECTLY ON SECURITY PERSONNEL TO MONITOR THE FACILITY. THIS PROVIDES OVERNIGHT AND WEEKEND PERSONNEL TO SECURE THE PREMISES, SCREEN VISITORS AND ACT AS A VOICE OF HELP FOR RESIDENTS SHOULD AN EMERGENCY ALARM BE TRIGGERED FROM WITHIN A HOUSEHOLDS UNIT. THIS EXPENSE REPRESENTS 24% OF THE TOTAL EXPENSES EXCLUDING DEPRECIATION (ROUGH ESTIMATE).REPAIRS AND MAINTENANCE OF THE FACILITY INCLUDE COST DIRECTLY RELATED TO STAFF (SUPER, PORTER) AS WELL AS COST ASSOCIATED WITH MAINTAINING SAFE AND SANITARY CONDITIONS, COMPLIANCE WITH BUILDING CODES AND OPERATIONAL FUNCTIONALITY OF ALL BUILDING SYSTEMS. 726669 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 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 1 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X DAVID ARDITTI 2123586265 541 E 5TH STREET NEW YORK NY 10009 X JAMES SMITH 0.10 X 0 0 0 KENNETH KAUFMAN 0.10 X 0 0 0 DONALD AMORUSO 0.10 X 0 0 0 SR CATHERINE GARRY 0.10 X X 0 0 0 SR DIANE DALLE MOLLE 0.10 X 0 0 0 RICHARD SCARLATA 0.10 X X 0 0 0 PATRICIA KRASNAUSKY 0.10 X X 0 0 0 MARY DEVLIN 0.10 X X 0 193455 22920 FREDDA VLADECK 0.10 X 0 0 0 ROBERT DAVIS KENNEDY MD 0.10 X 0 0 0 JAMES LEE ESQ 0.10 X 0 0 0 DAVID ARDITTI 0.10 X 0 0 0 0 193455 22920 0 0 1 0 0 25 25 RENTAL INCOME 531110 638033 638033 638033 979 979 23000 0 23000 23000 23000 LAUNDRY AND VENDING MA 900099 2700 2700 MISCELLANEOUS 900099 36 36 2736 664773 638033 0 26715 37488 37488 14000 14000 270989 179850 91139 19259 10042 9217 189561 189561 513 513 271417 271417 15777 15777 CONTRACTS 33829 33829 MISCELLANEOUS 24197 19392 4805 REPAIRS AND MAINTENANCE 6801 6801 RESIDENT CONCIERGE 1420 1420 885251 726669 158582 0 8619 9765 814 819 2825 2442 13321 13890 15490410 1660949 14087958 13829461 274744 267789 14388281 14124166 57657 98115 1336 160 17930 17955 11996200 11996200 97795 14851 12170918 12127281 X 2214627 1995510 2736 1375 2217363 1996885 14388281 14124166 -220478 0 X X 0 1 1 X 1 1 X 9535 7520 20840 1480 25 39400 570363 569894 620686 637706 638033 3036682 579898 577414 641526 639186 638058 3076082 0 0 0 3076082 1339 2063 2377 24072 23979 53830 1339 2063 2377 24072 23979 53830 4312 4154 2754 2672 2736 16628 585549 583631 646657 665930 664773 3146540 0.97760 0.98470 0.01710 0.00990 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY AND VENDING MACHINES MISCELLANEOUS ADMIN FEE CREDIT 0 1 5000000 5000000 10320703 1601850 8718853 18687 11256 7431 151020 47843 103177 13829461 DUE TO RELATED PARTY 14851 14851 664773 885251 -220478 -220478 664773 0 664773 0 664773 885251 0 885251 0 885251 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE APARTMENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE PROJECT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE PROJECT HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE PROJECT IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2008. 0 0 0 0 0 0 0 0 0 MARY DEVLIN 0 193455 0 0 0 0 0 11581 0 11339 0 216375 0 0 FORM 990, PART VI, SECTION A, LINE 3 CABRINI HDFC PURCHASES MANAGEMENT SERVICES (ADMINISTRATIVE AND FINANCE) FROM AN AFFILIATED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 CABRINI HOUSING DEVELOPMENT FUND CORPORATION 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, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING BY THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO DIRECTORS, OFFICERS, AND TO ALL EMPLOYEES WHO CAN INFLUENCE THE ACTIONS OF THE ORGANIZATION. ANNUALLY, EACH DIRECTOR, OFFICER, AND MANAGEMENT EMPLOYEE HAS TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH WILL INFORM THE ORGANIZATION OF ANY POTENTIAL OR ACTUAL CONFLICTS A PERSON MAY HAVE. IF ANYTHING SHOULD CHANGE AFTER SIGNING THE POLICY, THE PERSON IS REQUIRED TO NOTIFY THE CEO OR BOARD CHAIR REGARDING THE CONFLICT. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE [BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF] HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. DISCLOSURE IN THE ORGANIZATION SHOULD BE MADE TO THE CHIEF EXECUTIVE OFFICER (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE AUDIT COMMITTEE OF THE BOARD. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD VICE-CHAIR) WHO SHALL BRING THESE MATTERS TO THE AUDIT COMMITTEE OF THE BOARD. THE AUDIT COMMITTEE OF THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO CABRINI HDFC. THE DECISION OF THE AUDIT COMMITTEE OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF CABRINI HDFC AND THE ADVANCEMENT OF ITS PURPOSE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART VII, SECTION A: THE FOLLOWING BOARD MEMBERS OF CABRINI HOUSING DEVELOPMENT FUND CORPORATION VOLUNTEERED FOR AN AVERAGE OF .30 HOURS FOR CABRINI CENTER FOR NURSING AND REHABILITATION: FREDDA VLADECK, ROBERT DAVIS KENNEDY, RICHARD M. SCARLATTA, JAMES LEE. PATRICIA KRASNAUSKY WORKED AN AVERAGE OF 18.80 HOURS FOR CABRINI CENTER FOR NURSING AND REHABILITATION. MARY DEVLIN WORKED AN AVERAGE OF 35 HOURS PER WEEK FOR CABRINI CENTER FOR NURSING AND REHABILITATION. DAVID ARDITTI WORKED AN AVERAGE OF 18.8 HOURS FOR CABRINI CENTER FOR NURSING AND REHABILITATION. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. CABRINI CENTER FOR NURSING AND REHABILITATION 541 EAST 5TH STREET NEW YORK NY 10009 133742893 RESIDENTIAL NURSING CARE FACILITY NY 501(C)(3) 9 N/A 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0