2024-02-15T17:52:31-06:00 2023-03-31 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2022-04-01 132631083 THE JOSEPH M D'ASSERN HOUSING CORPORATION JOSE 9146930600 1 ECHO HILLS DOBBS FERRY NY 10522 JEREMY KOHOMBAN CHAIR 9146930600 2024-02-14 1 JEREMY KOHOMBAN 999009999 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2024-02-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEREMY KOHOMBAN 1 ECHO HILLS DOBBS FERRY NY 10522 1335857 0 X N/A X 1972 NY TO PROVIDE HOUSING TO EMPLOYEES OF THE CHILDREN'S VILLAGE. 6 4 0 4 0 0 0 0 1160591 1284111 185 2294 49782 49452 1210558 1335857 0 0 0 0 127750 146200 0 0 0 1446646 1460609 1574396 1606809 -363838 -270952 2857520 2602881 4382416 4398729 -1524896 -1795848 X THE JOSEPH M. D'ASSERN HOUSING CORP ("THE HOUSING CORP") APARTMENTS AT THE CHILDREN'S VILLAGE HAVE BEEN DEVELOPED AND ARE MAINTAINED FOR THE BENEFIT OF EMPLOYEES AND THEIR IMMEDIATE FAMILIES AND/OR INTERNS OF THE CHILDREN'S VILLAGE. THE HOUSING CORP UNDER THE AUSPICES OF THE CHILDREN'S VILLAGE AND NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL OVERSEE THE APARTMENTS BUILT IN 1969. THE HOUSING CORP IS A NON-STOCK, NON PROFIT HOUSING COMPANY DULY ORGANIZED AND EXISTING UNDER THE PROVISIONS OF ARTICLE II OF THE NEW YORK STATE PRIVATE HOUSING AND FINANCE LAW AND IS TAX EXEMPT UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE. 0 0 THE JOSEPH M. D'ASSERN HOUSING APARTMENTS AT THE CHILDREN'S VILLAGE HAVE BEEN DEVELOPED AND ARE MAINTAINED FOR THE BENEFIT OF EMPLOYEES AND/OR STUDENTS OF THE CHILDREN'S VILLAGE AND THEIR IMMEDIATE FAMILIES. THERE ARE 112 APARTMENTS RANGING FROM 2 1/2 TO 51/2 ROOMS (STUDIO TO 3 BEDROOMS). 0 0 0 0 0 0 0 1 0 1 0 0 1 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 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 4 1 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X RICHARD GOERG TREASURERCFO 9146930600 1 ECHO HILLS DOBBS FERRY NY 10522 DAVID SCHWARTZ DIRECTOR 1.00 X 0 0 0 FRANCINE VERNON SECRETARY 1.00 X X 0 0 0 JAMES MANN DIRECTOR 1.00 X 0 0 0 JEREMY KOHOMBAN CHAIR/CEO 1.00 34.00 X X 0 595471 63039 MARK SCHERZER DIRECTOR 1.00 X 0 0 0 RICHARD GOERG TREASURER/CFO 1.00 34.00 X X 0 313136 26111 0 908607 89150 0 0 1 0 0 RENTAL INCOME 531110 1284111 1284111 1284111 2294 2294 LAUNDRY AND AIR COND. 812300 49452 49452 49452 1335857 1284111 0 51746 X 106311 5039 24864 9986 47316 20354 14250 175317 312365 70322 221750 165221 REPAIRS & MAINTENANCE 341643 BAD DEBT 50000 VACANCY 25615 RESIDENT EMPLOYEE 15612 844 1606809 290704 299082 536960 493289 35396 5366 27284 34514 6200674 4565156 1832064 1635518 135112 135112 2857520 2602881 100524 93282 4037486 4008177 244406 297270 4382416 4398729 X -1524896 -1795848 -1524896 -1795848 2857520 2602881 -270952 0 X X 0 1 X 1 0 0 1 X 210000 210000 1902040 1892958 9082 2466639 1486616 980023 1566247 1139398 426849 55748 46184 9564 1635518 SECURITY DEPOSIT 135112 135112 DUE TO RELATED PARTY 162158 SECURITY DEPOSIT PAYABLE 135112 297270 X 1294630 -41227 -41227 1335857 0 1335857 1565582 0 1565582 41227 41227 1606809 PART IV, LINE 2B: PART IV, LINE 2B: TENANT'S SECURITY DEPOSITS ARE HELD BY THE ORGANIZATION ON BEHALF OF THE RESIDENTS. SUCH FUNDS REPRESENT SECURITY DEPOSITS FOR THE APARTMENTS BEING RENTED. THE FUNDS ARE DISBURSED BY THE ORGANIZATION WHEN THE TENANT VACATES THE PROPERTY, CONTINGENT ON THEIR BEING NO DAMAGE REPORTED IN THE APARTMENT. PART X, LINE 2: THE HOUSING CORPORATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF MARCH 31, 2023 AND 2022 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE -41,227. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED AGAINST REVENUE 41,227. X 1 0 0 0 0 JEREMY KOHOMBAN CHAIR/CEO 0 518812 0 71882 0 4777 0 12200 0 50839 0 658510 0 0 RICHARD GOERG TREASURER/CFO 0 274272 0 33749 0 5115 0 11369 0 14742 0 339247 0 0 PART I, LINE 1A THE CONTRIBUTION TO THE SECTION 162 EXECUTIVE BONUS PLAN INCLUDES TAX GROSS-PAYMENTS AND ARE APPROVED BY THE BOARD. PART I, LINE 7 THE ORGANIZATION HAS ESTABLISHED IRS SECTION 162 EXECUTIVE BONUS PLAN AND CONTRIBUTIONS TO THAT PLAN ARE REFLECTED IN COLUMN B (II). THE PLAN WAS APPROVED BY THE BOARD WHEN IT WAS ESTABLISHED AND IS AVAILABLE TO MEMBERS OF SENIOR LEADERSHIP WITH CERTAIN POSITIONS AND LENGTH OF SERVICE. AMOUNTS ARE BASED ON PREAPPROVED PERCENTAGES. PAYMENTS ARE DEPOSITED TO ELEGIBLE PARTICIPANTS ACCOUNTS ON QUARTERLY BASIS. SCHEDULE J, PART III: THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR, AND OTHER OFFICERS IS DETERMINED BY THE RELATED ORGANIZATION, THE CHILDREN'S VILLAGE INC. THEY USE THE FOLLOWING TO ESTABLISH THE COMPENSATION: 1)FORM 990 OF OTHER ORGANIZATIONS, 2) COMPENSATION SURVEY; 3) COMPENSATION COMMITTEE OF BOARD REVIEW FINDINGS; 4) APPROVAL BY THE BOARD. SCHEDULE J, PART III, COLUMN B(III): JEREMY KOHOMBAN RECEIVED CAR ALLOWANCE FOR $2,455 AND IT IS REFLECTED IN COLUMN B(III). AMOUNT IN THIS COLUMN ALSO REPRESENTS CONTRIBUTIONS TO A RETIREMENT PLAN AND TAXABLE GROUP LIFE INSURANCE. FORM 990, PART VI, SECTION A, LINE 2 JEREMY KOHOMBAN, CHAIR, AND RICHARD GOERG, TREASURER, ARE FULL TIME OFFICERS AT THE CHILDREN'S VILLAGE, INC. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENGAGES AN OUTSIDE COMPANY, H&S PROPERTY MANAGEMENT INC., TO COLLECT TENANT RENTS, PREPARE CASH DISBURSEMENTS, MAINTAIN TENANT RECORDS AND ARE RESPONSIBLE FOR THE UPKEEP OF THE PROPERTY. H&S PROPERTY MANAGEMENT WAS COMPENSATED $68,947 FOR THEIR SERVICES. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE CORPORATION SHALL CONSIST OF THOSE PERSONS WHO HAVE SIGNED THE CERTIFICATE OF INCORPORATION AS INCORPORATORS. ALL PERSONS WHO ARE DIRECTORS OF THE CHILDREN'S VILLAGE ARE ELIGIBLE FOR MEMBERSHIP IN THIS CORPORATION DURING THE TIME THAT THEY ARE SERVING AS DIRECTOR OF THE CHILDREN'S VILLAGE. PERSONS ELIGIBLE FOR MEMBERSHIP MAY BE ELECTED INTO MEMBERSHIP UPON RECEIVING A MAJORITY VOTE OF THE BOARD OF DIRECTORS OF THIS CORPORATION CAST AT A DULY CALLED MEETING. ANY MEMBER WHO CEASED TO BE A DIRECTOR OF THE CHILDREN'S VILLAGE SHALL NO LONGER BE A MEMBER OF THIS CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS SHOULD BE ELECTED TO THE BOARD OF DIRECTORS BY MEMBERS DURING SPECIAL MEETING CALLED FOR THAT PURPOSE. ONE ADDITIONAL DIRECTOR MAY BE DESIGNATED BY THE COMMISSIONER OF HOUSING AND COMMUNITY RENEWAL OF THE STATE OF NEW YORK, WHICH DESIGNEE SHALL HOLD OFFICE UNTIL REPLACED BY A NEW DESIGNEE OF THE STATE COMMISSIONER OF HOUSING AND COMMUNITY RENEWAL. FORM 990, PART VI, SECTION A, LINE 7B ANY DIRECTOR OTHER THAN THE DIRECTOR DESIGNATED BY THE COMMISSIONER OF HOUSING AND COMMUNITY RENEWAL CAN BE REMOVED EITHER WITH OR WITHOUT CAUSE AT ANY TIME BY THE AFFIRMATIVE VOTE, AT ANY DULY CONSTITUTED MEETING OF THE MEMBERS, BY THE MAJORITY OF THE MEMBERS OF THE CORPORATION ENTITLED TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE JOSEPH D'ASSERN HOUSING CORPORATION HAS ITS FORM 990 PREPARED BY AN INDEPENDENT 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 THE CHILDREN'S VILLAGE AUDIT COMMITTEE AND THE D'ASSERN BOARD, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINANLIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY SHALL BE FURNISHED TO EACH DIRECTOR, OFFICER AND MEMBER OF THE EXECUTIVE STAFF SERVING PRESENTLY, AND TO EACH PERSON WHO BECOMES A DIRECTOR, OFFICER OR MEMBER OF THE EXECUTIVE STAFF HEREAFTER AT THE TIME SUCH OFFICER IS ASSUMED. THEREAFTER, THIS POLICY WILL BE REVIEWED BY THE BOARD, AND COPIES CIRCULATED TO DIRECTORS, OFFICES AND MEMBERS OF THE EXECUTIVE STAFF,AT SUCH INTERVALS AS THE BOARD DEEMS APPROPRIATE. IN ADDITION, ANY DIRECTOR, OFFICER OR MEMBER OF THE EXECUTIVE STAFF WHO BECOMES AWARE OF A POTENTIAL CONFLICT OF INTEREST SHOULD DISCLOSE THAT FACT TO THE BOARD OF DIRECTORS. IN CONSIDERING SIGNIFICANT NEW TRANSACTIONS, THE BOARD WILL ORDINARILY INQUIRE SPECIFICALLY WHETHER ANY DIRECTOR, OFFICER OR MEMBER OF THE EXECUTIVE STAFF HAS AN INTEREST IN THE MATTER. PROVIDED ALL MATERIAL FACTS AS TO THE INTEREST IN A MATTER OF A DIRECTOR, OFFICER OR MEMBER OF THE EXECUTIVE STAFF ARE DISCLOSED IN GOOD FAITH OR KNOWN TO THE BOARD, THE BOARD MAY AUTHORIZE THE TRANSACTION IN QUESTION, SO LONG AS ITS VOTE IS SUFFICIENT FOR THAT PURPOSE WITHOUT COUNTING THE VOTE OF INTERESTED PERSON TO BE EXCUSED FROM ANY DELIBERATION AND VOTE UPON SUCH A MATTER. THE MINUTES OF ANY MEETING TAKING SUCH ACTION SHOULD REFLECT THAT THE INTERESTED PERSON'S INTEREST IN THE MATTER WAS DISCLOSED OR OTHERWISE KNOWN TO THE BOARD, AND WHETHER OR NOT THE INDIVIDUAL INVOLVED PARTICIPATED IN THE BOARD'S DISCUSSION AND VOTE. A SIMILAR PROCEDURE WILL BE FOLLOWED WHERE ANY MATTER IN WHICH A DIRECTOR, OFFICER OR MEMBER OF THE EXECUTIVE STAFF HAS AN INTEREST COMES BEFORE ANY COMMITTEE OF THE BOARD. THE BOARD WILL APPLY ITS GOOD FAITH JUDGMENT IN REVIEWING ANY TRANSACTION IN WHICH A DIRECTOR, OFFICER OR MEMBER OF THE EXECUTIVE STAFF HAS AN INTEREST. IN GENERAL, TRANSACTIONS WHICH ARE FAIR AND REASONABLE AS TO CHILDREN'S VILLAGE WILL NOT BE CONSIDERED INAPPROPRIATE. HOWEVER, THE BOARD RESERVES THE RIGHT, IN ITS DISCRETION, TO REFRAIN FROM AUTHORIZING ANY TRANSACTION FOR ANY REASON. IT SHOULD NOT BE ASSUMED THAT ANY PROPOSED TRANSACTION WAS UNFAIR OR IMPROPER MERELY BECAUSE IT MAY NOT BE AUTHORIZED BY THE BOARD, SINCE THE BOARD'S ACTION AS TO ANY SPECIFIC MATTER WILL NECESSARILY INVOLVE A WIDE RANGE OF CONSIDERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE DURING NORMAL BUSINESS HOURS UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 175,317. PART XII, LINE 2C: THE CHILDREN'S VILLAGE AUDIT COMMITTEE ASSUMES OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT BEEN CHANGED FROM THE PRIOR YEAR. CHILDREN'S VILLAGE INC 1 ECHO HILLS DOBBS FERRY NY 10522 131739945 TO HELP SOCIETY'S MOST VULNERABLE CHILDREN NY 501(C)(3) LINE 7 N/A 0 THE CHILDREN'S VILLAGE INSTITUTE 1 ECHO HILLS DOBBS FERRY NY 10522 061599898 CONDUCTS FUNDRAISING AND MAINTAINS ENDOWMENT FUND FOR CHILDREN'S VILLAGE NY 501(C)(3) LINE 12A, I THE CHILDREN'S VILLAGE INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0