2011-11-14T15:12:12-06:00 2010-12-31 MBAF-ERE CPAS LLC 440 PARK AVENUE SOUTH - 5TH FL NEW YORK NY 10016 990 2010-01-01 200043817 EHS I INC EHSI 2129777622 55 CLARK STREET BROOKLYN NY 11201 GEORGE SCOTT 2129777622 2011-11-15 1 2125761400 2010 2016-02-24 21:20:13Z GEORGE SCOTT 55 CLARK STREET BROOKLYN NY 11201 11303878 0 X WWW.STUDENTHOUSING.ORG X 2003 NY THE EHS MISSION IS A LIVING CONCEPT, PROVIDING SAFE, AFFORDABLE AND QUALITY HOUSING FOR STUDENTS FROM ACROSS AMERICA AND AROUND THE WORLD. 5 4 0 0 0 0 0 0 9732941 11303854 677 24 0 0 9733618 11303878 0 0 0 0 981859 719178 0 0 0 7635356 9803589 8617215 10522767 1116403 781111 9158325 10087015 1383041 1530620 7775284 8556395 THE EHS MISSION IS A LIVING CONCEPT, PROVIDING SAFE, AFFORDABLE AND QUALITY HOUSING FOR STUDENTS FROM ACROSS AMERICA AND AROUND THE WORLD. 0 0 9875967 11303854 TO ACQUIRE BY LEASE OR OTHERWISE, MAINTAIN AND OPERATE IN PRIME NEIGHBORHOODS QUALITY, SAFE, STATE OF THE ART, AFFORDABLE, RESIDENTIAL FACILITIES FOR STUDENTS AND TEACHERS OF EDUCATIONAL INSTITUTIONS. EHS I, INC. ALSO COORDINATES A STUDENT LIFE SOCIAL CALENDAR WHICH PROMOTES STUDENT ACTIVITIES WITHIN THE COMMUNITY. 9875967 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 1 1 0 1 36 0 1 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X JOSEPH LA VACCA CONTROLLER 2129977622 55 CLARK STREET BROOKLYN NY 11201 JOHN SHEEHAN 1.00 X 0 46500 0 MICHAEL LERNER 1.00 X 0 44250 0 JAMES BARNES 1.00 X 0 75750 0 CHARLES LEE 1.00 X 0 52000 0 JOAN CEAR 1.00 X 0 30000 0 GEORGE SCOTT 3.50 X 46954 598048 73032 JOSEPH LA VACCA 7.00 X 25698 102792 24608 FAYE BEAN 7.00 X 29889 110464 30105 CHRISTY CHATFIELD 10.50 X 39419 91979 34182 JESSICA VAN GINNEKEN 7.00 X 23275 93101 22394 ADAM KAUFMAN 7.00 X 22770 91079 21926 THOMAS MULROY 7.00 X 0 0 0 CHRISTOPHER CERASOLI 7.00 X 26089 104355 12229 214094 1440318 218476 0 1 1 0 ALLIED BARTON SECURITY SERVICE PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICE 216897 BUSY BEE CLEANING SVC 87-18 87TH STREET STE 2R WOODHAVEN NY 11421 CLEANING SERVICE 139753 2 HOUSING AND DORMITORY 721310 11303854 11303854 11303854 24 24 11303878 11303854 0 24 109022 109022 41614 21420 20194 507490 197316 310174 19354 19354 41698 41698 80 80 6462 6462 24868 24868 82539 82539 46871 33415 13456 11757 11757 8943068 8943068 2489 2489 1640 1640 100811 100811 78781 78781 REPAIRS AND MAINTENANCE 380140 380140 STUDENT LIFE ACTIVITIES 96148 96148 MISCELLANEOUS 27935 27935 10522767 9875967 646800 0 850 55951 377209 61433 1778262 1438430 211698 339832 8568568 9629799 9158325 10087015 432086 844581 950955 686039 1383041 1530620 X 7775284 8556395 7775284 8556395 9158325 10087015 781111 0 X X 0 1 1 X 0 342109 316498 25611 1436153 1121932 314221 339832 SECURITY DEPOSITS 392553 DUE FROM RELATED ENTITIES 9227566 EXCHANGES 9680 9629799 11303878 10522767 781111 781111 THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. IN ASSESSING THE REALIZABILITY OF TAX BENEFITS, MANAGEMENT CONSIDERS WHETHER IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF ANY TAX POSITION WILL NOT BE REALIZED. THE ULTIMATE REALIZATION OF SUCH TAX POSITIONS IS DEPENDENT UPON THE GENERATION OF FUTURE INCOME. MANAGEMENT CONSIDERS PROJECTED FUTURE INCOME, AND TAX PLANNING STRATEGIES IN MAKING THIS ASSESSMENT. BASED UPON THE LEVEL OF HISTORICAL INCOME AND PROJECTIONS FOR FUTURE INCOME, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE ORGANIZATION WILL REALIZE ALL TAX BENEFITS. MANAGEMENT BELIEVES THAT ITS TAX-EXEMPT STATUS WOULD BE SUSTAINED UPON EXAMINATION. WHEN APPLICABLE, THE ORGANIZATION WOULD CLASSIFY INTEREST AND PENALTIES ON UNDERPAYMENTS OF INCOME TAX AS ADMINISTRATION EXPENSE. THE ORGANIZATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEAR ENDED DECEMBER 31, 2010. HOWEVER, THE ORGANIZATION IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE UNITED STATES FEDERAL AND NEW YORK STATE JURISDICTIONS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2007. X X X X X 1 0 0 GEORGE SCOTT 46954 598048 0 0 0 0 0 0 0 73032 46954 671080 0 0 JOSEPH LA VACCA 25698 102792 0 0 0 0 0 0 0 24608 25698 127400 0 0 FAYE BEAN 24434 97735 5455 12729 0 0 0 0 0 30105 29889 140569 0 0 CHRISTY CHATFIELD 39419 91979 0 0 0 0 0 0 0 34182 39419 126161 0 0 CHRISTOPHER CERASOLI 16774 67096 9315 37259 0 0 0 0 0 12229 26089 116584 0 0 PART I, LINE 4A CHRISTOPHER CERASOLI WAS TERMINATED ON OCTOBER 30, 2010 AND RECEIVED SEVERANCE OF $20,230. THE SEVERANCE ALLOCATED TO EHS I, INC. IS $4,046. SUPPLEMENTAL INFORMATION PART III FOR COMMISSION PURPOSES, THE COMMISSIONS PAID TO THE MARKETING TEAM ARE DERIVED FROM THE TOTAL REVENUES FOR EHS ENTITIES AS DOCUMENTED IN THE MARKETING INCENTIVE TEAM BONUS PLAN. YUN SUK SCOTT SPOUSE OF PRESIDENT 1229760 PROVIDES INTERNET, TELEPHONE AND CABLE SERVICES BASED ON A COMPETITVE BID PROCESS. 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 WAS APPROVED BY THE AUDIT COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF DIRECTORS, WHICH CONSISTS OF THE CHAIR OF THE AUDIT COMMITTEE, THE CHAIR OF THE FINANCE COMMITTEE, AND THE CHAIRMAN OF THE BOARD OF DIRECTORS. THIS PROCESS HAS NOT CHANGED FROM LAST YEAR. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD TAKES THIS POLICY EXTREMELY SERIOUS AS IT IS REVIEWED IN DEPTH EACH YEAR BY THE ENTIRE BOARD OF DIRECTORS AND OFFICERS WITH LEGAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 A COMPLETE COMPREHENSIVE REVIEW OF THE EHS PRESIDENT'S SALARY WAS CONDUCTED BY AN OUTSIDE, INDEPENDENT AGENCY, TOWERS PERRIN, WHICH WAS ADOPTED BY THE BOARD OF DIRECTORS. LOCAL SURVEYS, SUCH AS CRAIN'S NEW YORK BUSINESS, AND CHAMBER OF COMMERCE ARE UTILIZED WHEN DETERMINING SALARIES AND BENEFITS TO OTHER OFFICERS AND KEY EMPLOYEES. THIS PROCESS HAS NOT CHANGED FROM LAST YEAR. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ANNUAL FINANCIALS AND OTHER GOVERNING DOCUMENTS ARE SENT TO THE STATE OF NEW YORK, NEW YORK STATE BOND COMMISSION, THE BOARD OF DIRECTORS AND IS ON FILE AVAILABLE UPON REQUEST. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. ON JANUARY 1, 2010, EHS, INC. CONTRACTED WITH ADP TOTAL SOURCE FOR THEIR HUMAN RESOURCES/PAYROLL SERVICES. AS SUCH, ALL EMPLOYEES OF EHS BECAME PART OF ADP'S PROFESSIONAL EMPLOYER ORGANIZATION (PEO) GROUP. FOR W-2 PURPOSES, ADP IS LISTED AS THE EMPLOYER OF ALL EHS EMPLOYEES. EHS, INC. IS THE SOLE ENTITY THAT PAYS THE EMPLOYEES OF ALL THE RELATED/CONTROLLING ENTITIES. ALLOCATIONS ARE MADE FROM EHS TO THESE ENTITIES, BASED ON ACTUAL TIME WORKED BY EACH EMPLOYEE WHEN KNOWN, OR BY AN ALLOCATION OF MANAGEMENT SALARIES BASED UPON THE ESTIMATED TIME WORKED THROUGH THE YEAR ON THESE ENTITIES. HOURS OF BOARD MEMBERS ARE BASED UPON THE QUARTERLY AND MONTHLY MEETINGS AND INTERACTIONS WITH WHICH THE MEMBERS INTERACT WITH MANAGEMENT AS IT RELATES TO A PARTICULAR BUILDING. EHS INC 55 CLARK STREET BROOKLYN NY 11201 133411159 PROVIDING SAFE, AFFORDABLE STUDENT HOUSING FACILITIES THROUGHOUT NYC NY 501(C)(3) 9 EHS INC 1 EHS II INC 55 CLARK STREET BROOKLYN NY 11201 200108370 PROVIDING SAFE, AFFORDABLE STUDENT HOUSING FACILITIES THROUGHOUT NYC NY 501(C)(2) EHS INC 1 EHS III INC 55 CLARK STREET BROOKLYN NY 11201 200236647 PROVIDING SAFE, AFFORDABLE STUDENT HOUSING FACILITIES THROUGHOUT NYC NY 501(C)(2) EHS INC 1 EHS CLARK STREET RESIDENCE LLC 55 CLARK STREET BROOKLYN NY 11201 020739597 PROVIDING SAFE, AFFORDABLE STUDENT HOUSING FACILITIES THROUGHOUT NYC DE 501(C)(3) 9 EHS INC 1 EHS TOWERS LLC 55 CLARK STREET BROOKLYN NY 11201 263538503 PROVIDING SAFE, AFFORDABLE STUDENT HOUSING FACILITIES THROUGHOUT NYC DE 501(C)(3) 9 EHS INC 1 EHS VI LLC 55 CLARK STREET BROOKLYN DE 11201 205965253 PROVIDING SAFE, AFFORDABLE STUDENT HOUSING FACILITIES THROUGHOUT NYC DE 501(C)(3) 9 EHS INC 1 EHS VII LLC 55 CLARK STREET BROOKLYN DE 11201 260496546 PROVIDING SAFE, AFFORDABLE STUDENT HOUSING FACILITIES THROUGHOUT NYC DE 501(C)(3) 9 EHS INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 EHS INC Q 5199741 TO COVER OPERATING EXPENSES EHS II INC Q 1145000 TO COVER OPERATING EXPENSES EHS INC R 4181602 TO COVER OPERATING EXPENSES EHS II INC R 307630 TO COVER OPERATING EXPENSES EHS INC N 3469819 ALLOCATION OF HRS WORKED AT BLDGS EHS II INC N 712881 ALLOCATION OF HRS WORKED AT BLDGS