2023-10-11T13:55:41-05:00 2022-12-31 475324570 INSERO & CO CPAS LLP 20 THORNWOOD DRIVE ITHACA NY 14850 990 2022-01-01 222141948 ITHACA NEIGHBORHOOD HOUSING SERVICES INC ITHA 6072774500 115 W CLINTON STREET ITHACA NY 14850 JULEE JOHNSON TREASURER 6072774500 2023-09-28 1 JULEE JOHNSON XXX-XX-XXXX 0 PATRICK JORDAN P00854521 6072724444 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEREMY THOMAS 115 W CLINTON STREET ITHACA NY 14850 7793529 0 X WWW.ITHACANHS.ORG X 1976 NY DEDICATED TO EXPANDING HOUSING OPPORTUNITIES FOR LOW AND MODERATE-INCOME RESIDENTS OF CAYUGA, CHEMUNG, CORTLAND, SCHUYLER, SENECA, TIOGA, AND TOMPKINS COUNTIES. IT SEEKS TO FOSTER COMMUNITIES THAT EMBRACE DIVERSITY, EQUITY, AND SUSTAINABILITY IN WAYS THAT PRODUCE LASTING OUTCOMES. 12 12 30 17 0 0 5715103 4489065 5145298 3260355 240104 44109 -1029939 -505297 10070566 7288232 0 0 0 0 2591649 1952868 0 0 9510 2910679 3478530 5502328 5431398 4568238 1856834 49404041 52359889 8311927 9561966 41092114 42797923 X DEDICATED TO EXPANDING HOUSING OPPORTUNITIES FOR LOW AND MODERATE-INCOME RESIDENTS OF CAYUGA, CHEMUNG, CORTLAND, SCHUYLER, SENECA, TIOGA, AND TOMPKINS COUNTIES. IT SEEKS TO FOSTER COMMUNITIES THAT EMBRACE DIVERSITY, EQUITY, AND SUSTAINABILITY IN WAYS THAT PRODUCE LASTING OUTCOMES. 0 0 112862 160 HOME PROGRAM FUND - GRANTS FOR ELIGIBLE PURCHASE ASSISTANCE AND HOME IMPROVEMENT. 1110213 1504117 REAL ESTATE DEVELOPMENT FUND - DEVELOP NEW FOR-SALE AND/OR AFFORDABLE RENTAL UNITS, PURCHASE AND REHABILITATE PROPERTIES FOR HOME OWNERSHIP OR RENTAL HOUSING. 316419 329025 SCATTERED SITES CONSOLIDATED FUNDS - RESIDENTIAL AND COMMERCIAL RENTAL UNITS OWNED AND MANAGED BY INHS. 953674 921756 VARIOUS LOAN AND GRANT FUNDS 953674 921756 2493168 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 33 0 30 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X THE ORGANIZATION 6072774500 115 W CLINTON STREET ITHACA NY 14850 BRENDAN WILBUR TRUSTEE 1.00 0.50 X 0 0 0 SHARON D MALONE SECRETARY 1.00 0.50 X X 0 0 0 H MATTHYS VAN CORT TRUSTEE 1.00 0.50 X 0 0 0 MICHAEL CANNON TRUSTEE 1.00 0.50 X 0 0 0 NICOLE CARRIER-TITTI TRUSTEE 1.00 0.50 X 0 0 0 JULEE JOHNSON TREASURER 1.00 0.50 X X 0 0 0 ELLEN MORRIS-KNOWER PART YEAR TRUSTEE 1.00 0.50 X 0 0 0 LACEY LENT TRUSTEE 1.00 0.50 X 0 0 0 JEREMY THOMAS PRESIDENT 1.00 0.50 X X 0 0 0 RACHEL LAMPERT VICE PRESIDENT 1.00 0.50 X X 0 0 0 LISA NICHOLAS TRUSTEE 1.00 0.50 X 0 0 0 MAUREEN ABBOTT TRUSTEE 1.00 0.50 X 0 0 0 COOPER SIRWATKA TRUSTEE 1.00 0.50 X 0 0 0 JOHANNA ANDERSON EXECUTIVE DIRECTOR 23.00 13.00 X 126884 0 6201 SCOTT REYNOLDS DIRECTOR OF INFORMATION TE 23.00 13.00 X 105780 0 7413 PATRICIA PAOLENGELI DIRECTOR OF FINANCE 23.00 13.00 X 105739 0 10658 LYNN TRUAME DIRECTOR OF REAL ESTATE DEVELOPMENT 23.00 13.00 X 102573 0 5280 440976 0 29552 4 0 0 0 HAMILTON STERN CONSTRUCTION LLC 3850 MONROE AVENUE PITTSFORD NY 14534 CONSTRUCTION 2029787 1 X 13090 2759810 1716165 310 4489065 DEVELOPER FEES 531390 1102095 1102095 RENTAL INCOME 531110 944885 944885 PROGRAM INCOME 812900 664577 664577 MANAGEMENT FEE INCOME 531310 488331 488331 MISCELLANEOUS 812900 60467 60467 3260355 6646 6646 37463 0 37463 37463 37463 505297 -505297 -505297 7288232 2755058 0 44109 133085 3499 129586 1480823 40840 1439983 54233 54233 74405 74405 210322 210322 44819 44819 16228 8421 7807 55475 2500 52975 502838 54118 448720 16469 332 16137 18759 197 18562 37513 37513 310049 301279 8770 59786 952 58834 126054 123485 2569 244753 175706 69047 80574 25598 54976 HOUSING SERVICES 1367766 1346996 20770 LOANS FORGIVEN 164440 164440 PROPERTY TAXES 163101 163101 PURCHASES AND SUPPLIES 133592 1350 132242 136314 35535 91269 9510 5431398 2493168 2928720 9510 5834150 6641517 815848 795003 2848120 3058184 21557196 21691787 2112770 3502275 99974 128875 11932611 2551896 8449544 9380715 7686439 7161533 49404041 52359889 728729 1013608 1634232 2182026 4699598 5200031 688202 450000 561166 716301 8311927 9561966 X 35813850 37938841 5278264 4859082 41092114 42797923 49404041 52359889 1856834 -151025 0 X X 0 1 X 1 1 1 X 3288792 1960922 2349362 5715103 4489065 17803244 3288792 1960922 2349362 5715103 4489065 17803244 17803244 7889 4714 3591 3498 6646 26338 17829582 16467632 0.99850 0.99890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3080234 3080234 8249488 2215258 6034230 602889 336638 266251 9380715 DUE FROM OTHER FUNDS 255700 INVESTMENT IN SUBSIDIARY 3858141 DEVELOPER FEE RECEIVABLE 2704151 OPERATING LEASE ASSETS, NET 343541 7161533 SECURITY DEPOSITS PAYABLE 33928 DUE TO OTHER FUNDS 255700 COMPENSATED ABSENCES 78739 DUE TO AFFILIATE 691 OPERATING LEASE LIABILITIES 347243 716301 PART XII, LINE 2D - OTHER ADJUSTMENTS: INTERFUND EXPENSES LOSS ON SALE OF ASSETS FORM 990, PART VI, SECTION B, LINE 11B COPIES OF FORM 990 ARE DISTRIBUTED TO BOARD MEMBERS PRIOR TO FILING FOR FORMAL BOARD MEMBER REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE REQUIRED TO SIGN CONFLICT OF INTEREST CERTIFICATIONS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWS THE EXECUTIVE DIRECTOR'S JOB PERFORMANCE ANNUALLY. ANY RECOMMENDED SALARY INCREASE IS APPROVED BY THE BOARD OF DIRECTORS. THE ORGANIZATION UTILIZES INDEPENDENT COMPENSATION REPORTS PREPARED BY HUMAN RESOURCE COALITION AND NEIGHBORWORKS OF AMERICA FOR COMPARATIVE ANALYSIS. THE EXECUTIVE DIRECTOR HAS THE AUTHORITY AND RESPONSIBILITY TO REVIEW THE JOB PERFORMANCE OF ALL OTHER EMPLOYEES AND ALSO TO AWARD SALARY INCREASES. 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. FORM 990, PAGE 9, PART VIII, LINE 1E AND PAGE 11, PART X, LINE 24 IN APRIL 2020, INHS RECEIVED A PAYCHECK PROTECTION PROGRAM (PPP) LOAN IN THE AMOUNT OF $475,000 WITH THE U.S. SMALL BUSINESS ADMINISTRATION THROUGH KEYBANK N.A. IN JANUARY 2021, $440,173 OF THE LOAN WAS FORGIVEN AND RECOGNIZED AS REVENUE IN 2021. IN JUNE 2020, INHS RECEIVED AN ECONOMIC INJURY DISASTER LOAN IN THE AMOUNT OF $150,000 WITH THE U.S. SMALL BUSINESS ADMINISTRATION. THE LOAN TERM IS FOR 30 YEARS AT AN ANNUAL INTEREST RATE OF 2.75%. MONTHLY PRINCIPAL AND INTEREST PAYMENTS OF $640 WILL COMMENCE ON JUNE 16, 2021. IN FEBRUARY 2021, INHS RECEIVED A SECOND PPP LOAN IN THE AMOUNT OF $503,375 WITH THE U.S. SMALL BUSINESS ADMINISTRATION THROUGH TOMPKINS TRUST. SUBJECT TO THE TERMS AND CONDITIONS APPLICABLE TO LOANS ADMINISTERED BY THE SMALL BUSINESS ADMINISTRATION (SBA) UNDER THE PPP, AS AMENDED, THE LOAN MAY BE FORGIVEN. THE UNFORGIVEN PORTION OF THE PPP LOAN IS PAYABLE OVER A TWO YEAR PERIOD AT AN INTEREST RATE OF 1.00%. IN MARCH 2022, THE LOAN WAS FORGIVEN IN FULL AND RECOGNIZED AS REVENUE IN 2022. FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS FOR AUDIT OVERSIGHT AND AUDITOR SELECTION HAS NOT CHANGED FROM THE PRIOR YEAR. 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