2023-11-10T15:35:25-07:00 2022-12-31 990 2022-01-01 462778089 MRCS V INC MRCS 5166261000 189 Wheatley Road Brookville NY 11545 Victor LaPoma President 5166261000 2023-11-10 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z Victor LaPoma 189 Wheatley Road Brookville NY 11545 155521 0 X www.citizens-inc.org X 2013 NY The mission of MRCS V, Inc. is to provide housing to individuals with developmental disabilities in two residences located in Greenlawn and Commack, NY. 5 5 0 5 0 0 0 0 88428 87579 42 1065 66877 66877 155347 155521 0 0 0 0 0 0 0 0 0 180639 189048 180639 189048 -25292 -33527 2721894 2665158 1308271 1285062 1413623 1380096 To provide housing to individuals with developmental disabilities partially funded by US HUD, NYS OPWDD, and residents. 0 0 162754 87579 To operate and maintain two residences, located in Greenlawn and Commack, New York, for twelve developmentally disabled adults. 0 0 0 162754 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X Willard T Derr 5166261000 189 Wheatley Road Brookville NY 11545 Stanfort J Perry Executive Director 2 10 X 0 129879 559955 Willard T Derr Chief Financial Officer 2 10 X 0 96964 432882 Victor LaPoma President 1 5 X X 0 0 0 Robert Molloy Vice President 1 5 X X 0 0 0 Thomas F Moore Director 1 5 X 0 0 0 Thomas McCauley Director 1 5 X 0 0 0 Andy Tarquinio Director 1 5 X 0 0 0 0 226843 992837 0 0 1 0 0 0 Rental revenue 531110 87579 87579 0 0 87579 1065 0 0 1065 0 0 0 0 0 0 0 0 0 0 0 0 Other Revenue - Debt Forgiveness 900099 66877 0 0 66877 0 0 0 0 66877 155521 87579 0 67942 8784 8784 17510 17510 26892 26892 58226 58226 21084 21084 Operating / Maintenance 56486 56486 0 0 Miscellaneous taxes and fees 66 66 0 0 189048 162754 26294 0 68110 67534 13585 9500 307 308 2955132 404571 2608787 2550561 31105 37255 2721894 2665158 10500 16000 1297771 1269062 1308271 1285062 X 17223 -16304 1396400 1396400 1413623 1380096 2721894 2665158 -33527 0 0 0 0 0 X 0 1 X 1 1 1 X 0 0 0 88517 88696 88208 88428 87579 441428 88517 88696 88208 88428 87579 441428 441428 336 259 202 42 1065 1904 336 259 202 42 1065 1904 66877 66877 66877 66877 66877 334385 155730 155832 155287 155347 155521 777717 0.56759 0.56902 0.00245 0.00146 X Schedule A, Part III, Line 12 Citizens Options Unlimited, Inc. ("Citizens"), the sole member corporation of MRCS V, paid for a portion of property acquisitions on behalf of MRCS V. Citizens is being reimbursed for its funding of the property acquisitions by New York State Office for People with Developmental Disabilities ("OPWDD") over a number of years. Citizens forgives a portion of the debt due from MRCS V as it receives reimbursement from New York State OPWDD and MRCS V records a forgiveness of debt accordingly. 0 600000 600000 0 2329026 378465 1950561 0 0 0 0 0 26106 26106 0 0 0 0 0 2550561 0 Due to affiliate 190114 Due to affiliate - acquisition of property 1078948 1269062 X 155521 0 0 0 0 0 155521 0 0 0 155521 189048 0 0 0 0 0 189048 0 0 0 189048 Schedule D, Part X, Line 2 MRCS V was incorporated in the state of New York and is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code (the Code). MRCS V has been determined by the Internal Revenue Service (IRS) not to be a "private foundation" within the meaning of Section 509(a) of the Code. There was no unrelated business income from an unrelated trade or business for 2022. Under U.S. GAAP, an organization must recognize the financial statement effects of a tax position taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. MRCS V does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. MRCS V has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, MRCS V has filed IRS Form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended December 31, 2022, there were no interest or penalties recorded or included in the statement of activities. MRCS V is subject to routine audits by a taxing authority. As of December 31, 2022, MRCS V was not subject to any examination by a taxing authority. 0 1 0 0 0 0 0 0 0 Stanfort J Perry Executive Director 0 494627 0 30000 0 35328 0 99623 0 30256 0 689834 0 0 Willard T Derr Chief Financial Officer 0 364985 0 43546 0 24351 0 66708 0 30256 0 529846 0 0 Schedule J, Part I, Line 3 The Board of Directors of AHRC Nassau has a designated Compensation Committee which reviews and approves compensation to its Executive Director, other officers and key employees. The Compensation Committee utilizes, and retains for the organization's records, comparable industry data, employee tenure and skill evaluation and financial condition of the organization in establishing compensation policy. AHRC Nassau also engages an independent compensation consultant who provides a compensation study of salary and benefits, reviewed by the AHRC Nassau Compensation Committee. Schedule J, Part I, Line 4 The Executive Director and Chief Financial Officer each received contributions of $90,925 and $57,730, respectively, to 457(f) retirement plans in year 2022. These contributions are included in Part II, Line 1(ii), column C(ii) and Part II, Line 2(ii), column C(ii), respectively. From inception, the plan was approved by an independent consultant who opined that the plan was consistent with competitive norms. Form 990, Part VI, Section A, Line 3 Management services are provided by Citizens Options Unlimited, Inc.'s ("Citizens") management personnel, consistent with the requirements of the U.S. Department of Housing and Urban Development Project Owner's / Management Agent Certification. Management services include, but are not limited to, executive leadership, corporate compliance, administrative support services, information technology, purchasing, accounts payable, accounting and financial reporting. The Board of Directors of Citizens has designated a Compensation Committee which reviews compensation of its officers and key employees, including but not limited to, those employees who provide management services. The Compensation Committee utilizes, and retains for its records, comparable industry data, employee tenure and skill evaluations, and financial condition of Citizens in establishing compensation policy. Form 990, Part VI, Section A, Line 6 The sole member of MRCS V, Inc. is Citizens, which has the authority to elect new Board Members. Form 990, Part VI, Section A, Line 7a The sole member of MRCS V is Citizens, which has the authority to elect new Board Members. Form 990, Part VI, Section A, Line 7b Citizens Options Unlimited, Inc. may approve certain decisions of the MRCS V governing body. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by Citizens' Finance Department personnel and is reviewed by independent accountants. The Form 990 is provided to the Board of Director's prior to filing. Form 990, Part VI, Section B, Line 12c The organization monitors its conflict of interest policy. All officers, directors, and key employees, are required to confirm their compliance annually in writing. Any statements with disclosures are reviewed by the organization's Board of Directors. Form 990, Part VI, Section C, Line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Citizens Options Unlimited Inc 189 Wheatley Road Brookville NY 11545 261520311 Services for disabled NY 501(c)(3) 7 NC AHRC Foundation Inc 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 1 1 0 0 0 Extension was filed.