SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION (EIN 11-3200785)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-11-07
IRS object ID
201103119349301355
Schema version
2010v3.4
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)
Timestamp2011-11-07T20:06:51-06:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1LOEB & TROPER LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1655 THIRD AVENUE 12TH FLOORAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10017ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN113200785EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1SHOREFRONT TOWERS HOUSING DEVELOPMENTBusinessNameLine1
Business Name Line2FUND CORPORATIONBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlSHORNameControl
Phone7189217742Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line16323 7TH AVENUEAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11220ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameALEX BALKOName
TitleEXECUTIVE VP/CFOTitle
Phone7189217742Phone
Date Signed2011-11-04DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameFREDERICK H ROTHMANName
Phone2128674000Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonALEX BALKONameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line16323 7TH AVENUEAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11220ZIPCode
FieldValueIRS element (for citing)
Gross Receipts1703952GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.MJHS.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1994YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission DescriptionTO PROVIDE HOUSING TO THE ELDERLY.ActivityOrMissionDescription
Nbr Voting Members Governing Body4NbrVotingMembersGoverningBody
Nbr Independent Voting Members3NbrIndependentVotingMembers
Total Nbr Employees2TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year696449ProgramServiceRevenuePriorYear
Program Service Revenue CY695833ProgramServiceRevenueCY
Investment Income Prior Year21659InvestmentIncomePriorYear
Investment Income Current Year2014InvestmentIncomeCurrentYear
Other Revenue Prior Year5403OtherRevenuePriorYear
Other Revenue Current Year6087OtherRevenueCurrentYear
Total Revenue Prior Year723511TotalRevenuePriorYear
Total Revenue Current Year703934TotalRevenueCurrentYear
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 Year119955SalariesEtcPriorYear
Salaries Etc Current Year124295SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year1015805OtherExpensePriorYear
Other Expenses Current Year1029330OtherExpensesCurrentYear
Total Expenses Prior Year1135760TotalExpensesPriorYear
Total Expenses Current Year1153625TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-412249RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-449691RevenuesLessExpensesCY
Total Assets BOY13100761TotalAssetsBOY
Total Assets EOY12650602TotalAssetsEOY
Total Liabilities BOY11255077TotalLiabilitiesBOY
Total Liabilities EOY11254609TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY1845684NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY1395993NetAssetsOrFundBalancesEOY
Mission DescriptionSHOREFRONT TOWERS OPERATES A 116 UNIT, NOT-FOR-PROFIT, RESIDENTIAL APARTMENT BUILDING COMPLEX FOR THE ELDERLY AND THOSE IN NEED OF CHARITABLE SUPPORT.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense1008886Expense
Revenue695833Revenue
DescriptionSHOREFRONT TOWERS OPERATES A 116 UNIT, NOT-FOR-PROFIT, RESIDENTIAL APARTMENT BUILDING COMPLEX FOR THE ELDERLY AND THOSE IN NEED OF CHARITABLE SUPPORT.Description
Total Program Service Expense1008886TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
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
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10963NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees2NumberOfEmployees
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 Members4NbrVotingGoverningBodyMembers
Number Independent Voting Members3NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties1DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
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 CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1PEGGY GUNDERMANBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number7189217742TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line16323 7TH AVENUEAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11220ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationKey EmployeeKeyEmployee
ELI S FELDMAN
PRESIDENT/CEO/ DIRECTOR0.50XX0140362778185
JACOB FRIEDMAN
DIRECTOR/VICE CHAIRPERSON0.50XX000
PHILIP GELLER
DIRECTOR/TREASURER/SECRETA0.50XX000
SHMUEL LEFKOWITZ
DIRECTOR/CHAIRPERSON0.50XX000
ROBERT LEAMER
ASST. SEC./SR. VP, GENERAL0.50X042730569640
ALEX BALKO
EXECUTIVE VP/CFO0.50X069788870940
ELLIOT BROOKS
SENIOR VP, HR0.50041840053552X
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs2947220TotalReportableCompFrmRltdOrgs
Total Other Compensation272317TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
TUC MANAGEMENT
200 WEST 57TH STREET- 702NEW YORKNY10019MANAGEMENT AGENT144208
US SECURITY
PO BOX 931703ATLANTAGA31193SECURITY GUARD SERVICES107232
FieldValueIRS element (for citing)
Number Of Contractors GT100 K2NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionRENTAL INCOMEDescription
Business Code531110BusinessCode
Total Revenue Column695833TotalRevenueColumn
Related Or Exempt Function Income695833RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue695833TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column2014TotalRevenueColumn
Exclusion$2,014ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities1000018Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities1000018Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities0Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionLAUNDRY AND VENDINGDescription
Business Code900099BusinessCode
Total Revenue Column6087TotalRevenueColumn
Exclusion$6,087ExclusionAmount
FieldValueIRS element (for citing)
Total Other Revenue6087TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column703934TotalRevenueColumn
Related Or Exempt Function Income695833RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$8,101ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total93809Total
Program Services70009ProgramServices
Management And General23800ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total24700Total
Program Services18433ProgramServices
Management And General6267ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total5786Total
Program Services4318ProgramServices
Management And General1468ManagementAndGeneral

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total63270Total
Management And General63270ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total23200Total
Management And General23200ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total48969Total
Program Services22490ProgramServices
Management And General26479ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total434879Total
Program Services434879ProgramServices

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total255Total
Management And General255ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total406753Total
Program Services406753ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total52004Total
Program Services52004ProgramServices

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total1153625Total
Program Services1008886ProgramServices
Management And General144739ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY71212BOY
EOY175901EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY967098BOY
EOY1758029EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY1698BOY
EOY416EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY14956BOY
EOY21835EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis16019905LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec5352287LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY11024582BOY
EOY10667618EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY995070BOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY26145BOY
EOY26803EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY13100761BOY
EOY12650602EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY59082BOY
EOY57956EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY11195995BOY
EOY11196653EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY11255077BOY
EOY11254609EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY1845684BOY
EOY1395993EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1845684BOY
EOY1395993EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY13100761BOY
EOY12650602EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-449691ReconcilationRevenueExpenses
Reconcilation Other Changes0ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
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 Years703887CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years698280CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years697509CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year696449CurrentTaxYearMinus1Year
Current Tax Year695833CurrentTaxYear
Total3491958Total

Total509 Total509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years703887CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years698280CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years697509CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year696449CurrentTaxYearMinus1Year
Current Tax Year695833CurrentTaxYear
Total3491958Total

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 Total5093491958PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years71151CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years89876CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years50477CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year21659CurrentTaxYearMinus1Year
Current Tax Year2014CurrentTaxYear
Total235177Total

Investment Income And UBTI InvestmentIncomeAndUBTI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years71151CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years89876CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years50477CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year21659CurrentTaxYearMinus1Year
Current Tax Year2014CurrentTaxYear
Total235177Total

Other Income509 OtherIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years5691CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years5544CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years5760CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year5403CurrentTaxYearMinus1Year
Current Tax Year6087CurrentTaxYear
Total28485Total

Total Support Total TotalSupportTotal

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years780729CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years793700CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years753746CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year723511CurrentTaxYearMinus1Year
Current Tax Year703934CurrentTaxYear
Total3755620Total
FieldValueIRS element (for citing)
Public Support Percentage5090.92980PublicSupportPercentage509
Prior Year Support Percentage0.92100PriorYearSupportPercentage
Investment Income Percentage0.06260InvestmentIncomePercentage
Prior Yr Invest Income Percentage0.07080PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509XThirtyThreePercntTestsCY509
General ExplanationSCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY AND VENDING MACHINESGeneralExplanation

Schedule D IRS990ScheduleD

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis169000OtherCostOrOtherBasis
Book Value169000BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis15790841OtherCostOrOtherBasis
Depreciation5315941Depreciation
Book Value10474900BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis60064OtherCostOrOtherBasis
Depreciation36346Depreciation
Book Value23718BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings10667618TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescriptionAmountAmount
CAPITAL ADVANCES$11,169,850
TENANT SECURITY DEPOSITS$26,803
FieldValueIRS element (for citing)
Total Of Amounts11196653TotalOfAmounts
Total Revenue703934TotalRevenue
Total Expenses1153625TotalExpenses
Excess Or Deficit For Year-449691ExcessOrDeficitForYear
Total Adjustments0TotalAdjustments
Excess Or Deficit Per FS-449691ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt710006TotRevenueEtcAuditedFinclStmt
Donated Srvc And Use Of Facilities6072DonatedSrvcAndUseOfFacilities
Revenue Not Rptd F9906072RevenueNotRptdF990
Revenue Subtotal703934RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form990703934TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt1159697TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities6072DonatedServicesUseOfFacilities
Expenses Not Rptd F9906072ExpensesNotRptdF990
Expenses Subtotal1153625ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9901153625TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
IdentifierDESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:Identifier
Return ReferencePART X:ReturnReference
ExplanationSHOREFRONT TOWERS ADOPTED THE PROVISION PERTAINING TO UNCERTAIN TAX POSITIONS (ASC TOPIC 740) AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2007 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan1SupplementalNonqualRetirePlan
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 (4 entries)

Base 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
ELI S FELDMAN
09938700004097570422630359220148181200
ROBERT LEAMER
0360272032058034975042263027377049694500
ALEX BALKO
0606256051835039797042263028677076882800
ELLIOT BROOKS
0356736028940032724042263011289047195200

Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)

Return ReferenceReturnReferenceExplanationExplanation
PART I, LINE 1APART I, LINE 3 THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED THE METHODS AS LISTED IN LINE 3 TO ESTABLISH CEO/EXECUTIVE DIRECTOR COMPENSATION.
PART I, LINE 4BPARTICIPATED IN, OR RECEIVED PAYMENT FROM, A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: ELI FELDMAN- $378,183-THIS AMOUNT WAS PAID OUT IN 2010 AND HAD BEEN ACCRUED OVER THE PREVIOUS 3 YEARS. ALEXANDER BALKO - $17,426 ELLIOT BROOKS - $17,426 ROBERT LEAMER - $17,426

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (10 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
FORM 990, PART VI, SECTION A, LINE 3SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION IS MANAGED BY TUC MANAGEMENT CO., INC.
FORM 990, PART VI, SECTION A, LINE 6ALL MEMBERS HAVE THE SAME VOTING RIGHTS. THE MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7ADIRECTORS ARE ELECTED BY MEMBERS OF THE ORGANIZATION. ALL MEMBERS HAVE THE SAME VOTING RIGHTS.
FORM 990, PART VI, SECTION B, LINE 11DRAFTS OF THE COMPLETED RETURNS ARE REVIEWED BY THE EXECUTIVE VP/CFO, SENIOR VP/GENERAL COUNSEL AND THEIR STAFF. ANY COMMENTS ARISING FROM THEIR REVIEW ARE DISCUSSED AND IF REQUIRED, CHANGES ARE MADE TO THE DRAFT. THAT DRAFT WILL BE SUBMITTED TO THE FINANCE AND INVESTMENT COMMITTEE FOR ITS REVIEW AND APPROVAL. ONCE THE FINANCE AND INVESTMENT COMMITTEE HAS COMPLETED ITS REVIEW COPIES OF THE RETURNS WILL BE PROVIDED TO ALL BOARD MEMBERS.
EACH DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS MUST FILE AND MAINTAIN CURRENT THE ORGANIZATION'S DIRECTORS BIOGRAPHICAL INFORMATION FORM AND, ON AN ANNUAL BASIS, COMPLETE THE ORGANIZATION'S DIRECTORS CONFLICT OF INTEREST STATEMENT AND ACKNOWLEDGEMENT WHICH ACKNOWLEDGES THAT EACH INDIVIDUAL HAS DISCLOSED ANY POTENTIAL CONFLICT OF INTEREST; RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; READ AND UNDERSTANDS THE CONFLICTS OF INTEREST POLICY; AND AGREED TO COMPLY WITH THE CONFLICTS OF INTEREST POLICY. THE SENIOR VICE PRESIDENT/GENERAL COUNSEL SUPERVISES THE DISTRIBUTION, COLLECTION AND REVIEW OF THE ANNUAL DIRECTORS CONFLICT OF INTEREST STATEMENT AND ACKNOWLEDGEMENT. FROM TIME TO TIME, DIRECTORS, PRINCIPAL OFFICERS, KEY EMPLOYEES AND/OR COMMITTEE MEMBERS ARE REMINDED OF THEIR OBLIGATION TO DISCLOSE POTENTIAL OR ACTUAL CONFLICTS OF INTEREST WHEN AND IF THEY ARISE. PROCEDURES FOR MANAGING IDENTIFIED CONFLICTS: EACH DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE AND MEMBER OF A BOARD COMMITTEE IS REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST TO THE INDIVIDUAL CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. IN THE EVENT OF SUCH A DISCLOSURE, THE INTERESTED PARTY IS EXCUSED FROM THE MEETING AND THE BOARD/COMMITTEE DETERMINES WHETHER A CONFLICT EXISTS. IF THE BOARD/COMMITTEE DETERMINES THAT A CONFLICT EXISTS, THE CHAIRPERSON OF THE BOARD OR DESIGNEE (IF APPROPRIATE) WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE AND REPORT TO THE BOARD OF DIRECTORS ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. BASED ON THE INFORMATION FURNISHED BY THE DISINTERESTED PERSON OR COMMITTEE, THE BOARD OF DIRECTORS WILL MAKE A DETERMINATION OF WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR MORE REASONABLE ARRANGEMENTS FROM AN ENTITY OR PERSON THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST IS NOT REASONABLY ATTAINABLE UNDER THE CIRCUMSTANCES, THE BOARD OF DIRECTORS WILL DETERMINE, BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE ORGANIZATION. ALL OF THE ACTIONS STATED ABOVE SHALL BE REFLECTED IN THE BOARD/COMMITTEE MINUTES. IN THE EVENT THAT A DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE OR MEMBER OF A BOARD COMMITTEE FAILS TO DISCLOSE A POTENTIAL OR ACTUAL CONFLICT OF INTEREST, THE BOARD/COMMITTEE, AFTER AFFORDING THE INDIVIDUAL DUE PROCESS, SHALL DETERMINE WHETHER THE INDIVIDUAL VIOLATED THE CONFLICT OF INTEREST POLICY BY FAILING TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST AND, IN THE EVENT OF A DETERMINATION THAT A VIOLATION OCCURRED, TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.FORM 990, PART VI, SECTION B, LINE 12C
EACH YEAR, THE ORGANIZATION RETAINS THE SERVICES OF A MAJOR EXECUTIVE COMPENSATION FIRM TO REVIEW MARKET PAY PRACTICES AND AVERAGE SALARY MOVEMENT AMONG SIMILARLY SITUATED EXECUTIVES. THE EXECUTIVE COMPENSATION FIRM IS ASKED TO DEVELOP A COMPARATIVE BASE THAT IS AS CLOSE AS POSSIBLE TO OUR ORGANIZATION. DIFFERENT COMPARATIVE GROUPS ARE CONSIDERED FOR EACH POSITION, CEO AND SENIOR VP'S AS APPROPRIATE. THIS WAS LAST COMPLETED IN JANUARY 2010. THIS MARKET ANALYSIS IS THEN REVIEWED BY THE COMPENSATION COMMITTEE IN DETERMINING SALARY ADJUSTMENTS FROM THE PERSPECTIVE OF MARKET COMPETITIVENESS AND PRIOR YEAR PERFORMANCE. PERFORMANCE IS BASED ON THE EXTENT THAT EACH EXECUTIVE HAS ACHIEVED HIS/HER GOALS. BONUS ELIGIBILITY IS DONE IN A SIMILAR MANNER. OTHER KEY EMPLOYEES ARE MANAGED IN SIMILAR MANNER THROUGH THE HUMAN RESOURCES DEPARTMENT UNDER THE DIRECTION OF THE SENIOR VICE PRESIDENT FOR HUMAN RESOURCES IN CONJUNCTION WITH THE CEO, USING LOCAL SURVEYS TO ENSURE MARKET COMPETITIVENESS.FORM 990, PART VI, SECTION B, LINE 15
THESE DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE OFFICE OF THE PRESIDENT.FORM 990, PART VI, SECTION C, LINE 18
THESE DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE OFFICE OF THE PRESIDENT.FORM 990, PART VI, SECTION C, LINE 19
PROCESS HAS NOT CHANGED FROM PRIOR YEAR.FORM 990, PART XII, LINE 2C
HOURS WORKED FOR RELATED ORGANIZATIONSELI S. FELDMAN - 32.5 ALEXANDER BALKO - 32.5 ROBERT LEAMER - 32.5 ELLIOT BROOKS - 32.5 PHILIP GELLER - 2 SHMUEL LEFKOWITZ - 3 JACOB FRIEDMAN - 3.5FORM 990, PART VII

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (11 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusDirect Controlling Entity NADirectControllingEntityNAControlled OrgControlledOrgBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
METROPOLITAN JEWISH HEALTH SYSTEM INC
6323 7TH AVENUEBROOKLYNNY11220113538697ADMINISTRATIVE SERVICESNY501(C)(3)7N/A0
MJG NURSING HOME CO INC
6323 7TH AVENUEBROOKLYNNY11220237123076NURSING HOME, HOME CARE, ADULT DAY CARENY501(C)(3)3N/A0
MENORAH HOME AND HOSPITAL FOR THE AGED AND INFIRM
6323 7TH AVENUEBROOKLYNNY11220111672777NURSING HOME, ADULT DAY CARENY501(C)(3)30METROPOLITAN JEWISH HEALTH SYSTEM INC
SHOREFRONT JEWISH GERIATRIC CENTER INC
6323 7TH AVENUEBROOKLYNNY11220113072153NURSING HOME, HOME CARENY501(C)(3)90METROPOLITAN JEWISH HEALTH SYSTEM INC
METROPOLITAN JEWISH HOME CARE INC
6323 7TH AVENUEBROOKLYNNY11220320060822HOME CARE, HOSPICENY501(C)(3)90METROPOLITAN JEWISH HEALTH SYSTEM INC
ELDERPLAN INC
6323 7TH AVENUEBROOKLYNNY11220112625096MEDICARE ADVANTAGE SPECIAL NEEDS PLANNY501(C)(3)9N/A0
HOMEFIRST INC
6323 7TH AVENUEBROOKLYNNY11220113325280MEDICAID MANAGED LONG TERM CARE PLANNY501(C)(3)9N/A0
MENORAH FOUNDATION INC
6323 7TH AVENUEBROOKLYNNY11220113471173FUNDRAISINGNY501(C)(3)11 TYPE I0METROPOLITAN JEWISH HEALTH SYSTEM FOUNDATION
HOMEFIRST LHCSA INC
6323 7TH AVENUEBROOKLYNNY11220611501623HOME CARENY501(C)(3)9N/A0
METROPOLITAN JEWISH HEALTH SYSTEM FOUNDATION
6323 7TH AVENUEBROOKLYNNY11220111630753FUNDRAISINGNY501(C)(3)7N/A0
JACOB PERLOW HOSPICE CORPORATION
6323 7TH AVENUEBROOKLYNNY11220133438643HOSPICE SERVICESNY501(C)(3)30METROPOLITAN JEWISH HEALTH SYSTEM INC
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
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 Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees0SharingOfPaidEmployees
Reimbursement Paid To Other Org1ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable

Name Of Other Organization NameOfOtherOrganization

FieldValueIRS element (for citing)
Business Name Line1METROPOLITAN JEWISH HEALTH SYSTEM INCBusinessNameLine1
FieldValueIRS element (for citing)
Transaction TypeOTransactionType
Amount Involved88350AmountInvolved
Method Of Amt DeterminationCASHMethodOfAmtDetermination

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