2026-05-15T13:01:13-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-07-01 133557175 1850 SECOND AVENUE SERVICES CORPORATION 1850 2129627653 11 PARK PLACE 1416 NEW YORK NY 10007 LINDA R HOFFMAN CHIEF EXECUTIVE OFFICER 2129627653 2026-05-15 1 1 JOSEPH CONNOLLY P01959750 9143818900 2026-05-15 2024 2025-03-06 01:10:19Z LINDA R HOFFMAN 11 PARK PLACE 1416 NEW YORK NY 10007 3652139 0 X WWW.NYFSC.ORG X 1989 NY PROVIDE 48 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS AND FAMILIES. TWENTY-NINE (29) OF ITS TENANTS ARE A PART OF THE ENRICHED HOUSING PROGRAM. THIS PROGRAM PROVIDES APARTMENT-BASED LIFESTYLE FOR FRAIL AND HANDICAPPED SENIORS, COMPLETE WITH THE SPECIALIZED SERVICES THAT MANY REQUIRE. 4 4 5 4 0 0 646871 3379995 223890 203994 6774 63818 4865 4332 882400 3652139 0 0 0 0 170124 177986 0 0 0 753106 809535 923230 987521 -40830 2664618 7190058 10332932 7451242 7932293 -261184 2400639 X 1850 SECOND AVENUE SERVICES CORPORATION (THE "CORPORATION") IS ORGANIZED STRICTLY FOR THE CHARITABLE PURPOSE OF OWNING, REHABILITATING, LEASING, MANAGING, EQUIPPING, MAINTAINING, DEVELOPING, AND OPERATING A HOUSING PROJECT FOR PERSONS AND FAMILIES OF LOW INCOME AND THE NEEDY. 0 0 910955 203994 PROVIDES 48 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS AND FAMILIES. 910955 1 1 0 0 0 0 0 0 1 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 0 0 0 0 0 0 1 0 0 0 1 7 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X ROLANDO A BLANCO CHIEF FINANCIAL OFFICER 2129627653 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 WILLIAM N HUBBARD IV PRESIDENT 0.20 2.00 X X 0 0 0 ELIZABETH R TOZER VICE PRESIDENT 0.20 2.40 X X 0 0 0 JOAN FINKLESTEIN EXEC. SECRETARY/TREASURER 0.20 2.00 X X 0 0 0 ANN VAN NESS BOARD MEMBER 0.20 2.40 X 0 0 0 LINDA R HOFFMAN CHIEF EXECUTIVE OFFICER 1.00 34.00 X 0 784601 35975 ROLANDO A BLANCO CHIEF FINANCIAL OFFICER 1.00 34.00 X 0 329500 35975 0 1114101 71950 0 0 1 0 ALLIED BARTON SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 196469 1 2500000 879995 3379995 RENTAL INCOME 531110 203994 203994 203994 63818 63818 LAUNDRY REVENUE 531110 4332 4332 4332 3652139 203994 0 68150 X 137272 135445 1827 17 17 25565 25225 340 15132 14931 201 34986 34986 19556 19556 7773 7773 322004 322004 22353 10470 11883 265764 265764 92655 92655 OPERATING & MAINTENANCE 44444 44444 987521 910955 76566 0 63917 209393 2505 2506 26559 26559 18920 20921 8627960 900624 6925743 7727336 3940 3940 148474 2342277 7190058 10332932 102195 94435 14258 14258 7029113 7585214 305676 238386 7451242 7932293 X -261184 2400639 -261184 2400639 7190058 10332932 2664618 -2795 0 X 0 1 X 1 1 1 X 567061 561497 548170 646871 3379995 5703594 230245 197005 205582 223890 203994 1060716 2437 0 3209 4865 4332 14843 799743 758502 756961 875626 3588321 6779153 0 0 0 6779153 3129 3465 6774 63818 77186 3129 3465 6774 63818 77186 799743 761631 760426 882400 3652139 6856339 0.98870 0.99340 0.01130 0.00340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 27600 27600 1587902 893767 694135 6857 6857 0 7005601 7005601 7727336 HPD REPLACEMENT RESERVE 2319077 TENANT SECURITY DEPOSIT 13858 OTHER ASSETS 9342 2342277 DUE TO AFFILIATES 203400 DUE TO SPONSOR 34986 238386 X 92461953 92998761 92998761 -536808 4188947 4188947 3652139 85836987 89038413 89038413 -3201426 4188947 4188947 987521 PART IV, LINE 2B: THE ORGANIZATION COLLECTS AND MAINTAINS TENANT SECURITY DEPOSITS IN ALIGNMENT WITH THE FOLLOWING PROCEDURE. RESIDENTS PROVIDE THE BUILDING MANAGEMENT OFFICER WITH A SECURITY DEPOSIT UPON MOVING INTO THE HOUSING UNIT. THESE FUNDS ARE DEPOSITED INTO A SEPARATE ACCOUNT AND HELD BY THE ORGANIZATION TO ADDRESS FUTURE EXPENSES THAT MAY BE INCURRED FOR REPAIRS AND/OR DAMAGES TO THE HOUSING UNITS AFTER THE TENANT VACATES THE PREMISES. THE REMAINING SECURITY DEPOSIT FUNDS ARE DISBURSED BACK TO THE TENANT BY THE ORGANIZATION WHEN ALL NECESSARY REPAIRS HAVE BEEN COMPLETED TO PREPARE THE UNIT FOR AN INCOMING TENANT. PART X, LINE 2: THE NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. AND RELATED ENTITIES RECOGNIZE THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. AND RELATED ENTITIES HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. AND RELATED ENTITIES ARE NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO RELATED PARTIES 92,998,761. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS 4,188,947. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO RELATED PARTIES 89,038,413. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS 4,188,947. 0 0 0 0 0 0 0 0 0 LINDA R HOFFMAN CHIEF EXECUTIVE OFFICER 0 628813 0 100000 0 55788 0 0 0 35975 0 820576 0 0 ROLANDO A BLANCO CHIEF FINANCIAL OFFICER 0 309500 0 20000 0 0 0 0 0 35975 0 365475 0 0 PART I, LINE 3 NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. HAS ESTABLISHED A WRITTEN COMPENSATION POLICY FOR THEIR COMPENSATION COMMITTEE TO FOLLOW IN ESTABLISHING THE COMPENSATION FOR THE CEO. THE POLICY MANDATES THAT EXECUTIVE COMPENSATION BE REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE AND THAT THE COMMITTEE SHOULD BE FREE OF CONFLICTS OF INTEREST. IN ADDITION, THE APPROVING COMPENSATION COMMITTEE NEEDS TO REVIEW APPROPRIATE AND ADEQUATE DATA TO DETERMINE THE REASONABLENESS OF COMPENSATION BEING CONSIDERED. THE COMPENSATION COMMITTEE USES A VARIETY OF INFORMATION AND STUDIES THAT ARE AVAILABLE TO DETERMINE THAT THE APPROPRIATE LEVEL OF COMPENSATION IS BEING PAID TO ITS EXECUTIVES. THE COMPENSATION COMMITTEE OF NEW YORK FOUNDATION FOR SENIOR CITIZENS, INC. ENGAGED AN OUTSIDE CONSULTING FIRM TO CONDUCT AN EXECUTIVE COMPENSATION STUDY WHICH INCLUDED A MARKET EVALUATION OF THE TOP FIVE POSITIONS WITHIN THE ORGANIZATION. THE COMPENSATION COMMITTEE'S DECISION ON THE AMOUNT OF COMPENSATION PAID IS REQUIRED TO BE ADEQUATELY DOCUMENTED IN A CONTEMPORANEOUSLY WRITTEN FORMAT AND SHOULD DOCUMENT THE DATE OF THE DECISION, THE MEMBERS PRESENT DURING THE DECISION AND THOSE WHO VOTED ON IT, THE FULL TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE COMPARABLE DATA USED AND RELIED UPON TO MAKE THE DECISION. THE COMPENSATION REVIEW PROCESS FOR THE CEO WAS LAST UNDERTAKEN IN AUGUST 2025. FORM 990, PART VI, SECTION A, LINE 3 THE ENTITY PURCHASES MANAGEMENT SERVICES FROM ITS SPONSOR. THESE FEES ARE CHARGEABLE AT A RATE OF $59.50 PER UNIT PER MONTH. THE MANAGEMENT FEES INCURRED DURING EACH OF THE YEARS ENDED JUNE 30, 2025 AND 2024 AMOUNTED TO $34,986. MANAGEMENT FEES PAYABLE AT JUNE 30, 2025 AND 2024 WERE $34,986 AND $34,986. THE MANAGEMENT COMPANY MANAGES THE BUILDING. THEY COLLECT RENT, PAY BILLS, OVERSEE THE MAINTENANCE OF THE BUILDING, AND RE-CERTIFY TENANTS ANNUALLY TO ENSURE COMPLIANCE WITH HUD REQUIREMENTS. PLEASE REFER TO PART VII AND SCHEDULE J AS, LINDA R. HOFFMAN AND ROLANDO A. BLANCO ARE COMPENSATED BY THE RELATED ENTITY. FORM 990, PART VI, SECTION B, LINE 11B 1850 SECOND AVENUE SERVICES 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'S SUBMITTED ELECTRONICALLY TO A REPRESENTATIVE MEMBER OF THE ORGANIZATION'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE MANAGEMENT COMMITTEE IN CHARGE OF FILING THE RETURN FOR THEIR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C 1850 SECOND AVENUE SERVICES CORPORATION CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CORPORATE COMPLIANCE OFFICER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE CORPORATE COMPLIANCE OFFICER WILL NOTIFY A MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE CORPORATE COMPLIANCE OFFICER AND BE REPORTED TO THE GOVERNING BODY. IF THE CORPORATE COMPLIANCE OFFICER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 1850 SECOND AVENUE SERVICES CORPORATION 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 WEBSITES. IN ADDITION, THE FORM 990, FORM 1023, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART IX, LINE 11G SECURITY: PROGRAM SERVICE EXPENSES 208,544. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 208,544. MAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 113,460. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 113,460. 80-92 RIDGE STREET HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133584060 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNDATION FOR SENIOR CITIZENS INC 0 ALMA RANGEL GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 134066940 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNDATION FOR SENIOR CITIZENS INC 0 CONCOURSE GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133696061 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNDATION FOR SENIOR CITIZENS INC 0 CUMBERLAND GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133907908 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNDATION FOR SENIOR CITIZENS INC 0 GEORGE DALY HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133535818 TO PROVIDE TRANSITIONAL HOUSING FOR THE HOMELESS. NY 501(C)(3) LINE 7 NEW YORK FOUNDATION FOR SENIOR CITIZENS INC 0 NEW YORK FDTN FOR SENIOR CITIZENS - HOME ATTENDANT SVCS INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133083582 LONG-TERM CARE HOME ATTENDANT PROGRAM FOR THE ELDERY. NY 501(C)(3) LINE 7 NEW YORK FOUNDATION FOR SENIOR CITIZENS INC 0 NEW YORK FDTN FOR SENIOR CITIZENS INC - GUARDIAN SERVICES 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133501671 LEGAL GUARDIAN FOR ADULTS ENROLLED IN NYC'S HUMAN RESOURCES ADMIN. PRGM. NY 501(C)(3) LINE 7 NEW YORK FOUNDATION FOR SENIOR CITIZENS INC 0 NEW YORK FOUNDATION FOR SENIOR CITIZENS INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 132618568 IMPROVE THE QUALITY OF LIFE FOR THE ELDERLY. NY 501(C)(3) LINE 7 NEW YORK FOUNDATION FOR SENIOR CITIZENS INC 0 RIVER VIEW GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133995933 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNDATION FOR SENIOR CITIZENS INC 0 SURF GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 205437122 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNDATION FOR SENIOR CITIZENS INC 0 TENTH AND 51ST HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133270654 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNDATION FOR SENIOR CITIZENS INC 0 YORKVILLE GARDENS HDFC INC 11 PARK PLACE SUITE 1416 NEW YORK NY 10007 133085054 SUBSIDIZED HOUSING FOR THE ELDERLY. NY 501(C)(3) LINE 10 NEW YORK FOUNDATION FOR SENIOR CITIZENS INC 0 SURF GARDENS CONEY ISLAND LP 11 PARK PLACE RM 1416 NEW YORK NY 10007 262956023 LOW INCOME HOUSING FOR THE ELDERLY NY SURF GARDENS GP INC N/A 0 0 SURF GARDENS GP INC 11 PARK PLACE RM 1416 NEW YORK NY 10007 262956084 REAL ESTATE NY NEW YORK FOUNDATION FOR SENIOR CITIZENS INC C 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0