2024-11-11T21:07:35-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-01-01 133566484 PARK HOUSING DEVELOPMENT FUND COMPANY INC PARK 7185194238 136-65 37TH AVENUE FLUSHING NY 11354 LENY TIRTASAPUTRA CFO 7185194238 2024-11-11 1 1 MELISSA MODELSON P01603524 9143818900 2024-11-11 2023 2024-10-15 13:58:12Z TARA BUONOCORE-RUT 136-65 37TH AVENUE FLUSHING NY 11354 1197107 0 X N/A X 1989 NY TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME, ELDERLY AND DISABLED POPULATION OF THE COMMUNITY. 8 8 8 9 0 0 876493 990823 279944 95146 2997 9204 7364 101934 1166798 1197107 0 0 0 0 417199 329638 0 0 0 1089898 1159324 1507097 1488962 -340299 -291855 4217631 4307510 9389994 9771728 -5172363 -5464218 X SEE SCHEDULE OPARK HOUSING DEVELOPMENT FUND HOUSING IS A 94 UNIT APARTMENT RESIDENCE WHICH PARTICIPATES IN THE UNITED STATES HOUSING AND URBAN DEVELOPMENT SECTION 202 SUPPORTIVE HOUSING FOR THE ELDERLY PROGRAM WHICH IS THE ONLY FEDERALLY FUNDED HOUSING PROGRAM DESIGNED SPECIFICALLY FOR OLDER PERSONS. ELIGIBILITY FOR RESIDENCE IS RESTRICTED USUALLY TO PERSONS WHO ARE AT LEAST 62 YEARS OF AGE AND HAVE INCOMES BELOW 50 PERCENT OF THEIR AREA'S MEDIAN INCOME. APARTMENTS HAVE SPECIAL FEATURES SUCH AS GRAB BARS, AND RAMPS TO HELP OLDER PERSONS REMAIN SAFER AND MORE INDEPENDENT AS THEY AGE. PARK HOUSING DEVELOPMENT FUND COMPANY'S GOAL IS TO PROVIDE AFFORDABLE HOUSING TO THE LOW INCOME, ELDERLY AND DISABLED POPULATION OF THE COMMUNITY. 0 0 1271106 95146 PARK HOUSING DEVELOPMENT FUND HOUSING IS A 94 UNIT APARTMENT RESIDENCE WHICH PARTICIPATES IN THE UNITED STATES HOUSING AND URBAN DEVELOPMENT SECTION 202 SUPPORTIVE HOUSING FOR THE ELDERLY PROGRAM. 1271106 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 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 9 0 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 0 NY X X LENY TIRTASAPUTRA CFO 7185194238 136-65 37TH AVENUE FLUSHING NY 11354 MICHAEL R POTACK CHAIRMAN 0.50 5.00 X X 0 0 0 HARVEY ISHOFSKY VICE CHAIRMAN 0.50 5.00 X X 0 0 0 MYRON SCHLANGER SECRETARY 0.50 5.00 X X 0 0 0 KENNETH ZUCKERBROT ASST SEC/TREASURER 0.50 5.00 X X 0 0 0 MARK WEINSTEIN TREASURER THRU OCT 2023 0.50 5.00 X X 0 0 0 RUSSELL D FISHER TRUSTEE 0.50 5.00 X 0 0 0 NEIL HEYMAN TRUSTEE 0.50 5.00 X 0 0 0 STEPHEN KANTOR DDS TRUSTEE 0.50 6.00 X 0 0 0 HOWARD KRAIN TRUSTEE 0.50 5.00 X 0 0 0 TARA BUONOCORE-RUT PRESIDENT/CEO 0.25 39.75 X 0 1519582 47155 SHAUN RUSKIN EXEC. VP, CSO THRU JUNE 2023 0.25 39.75 X 0 1069730 4917 LENY TIRTASAPUTRA CFO 0.25 39.75 X 0 523509 40903 DAVID SILVA MOJICA CHIEF HR OFFICER 0.25 39.75 X 0 412542 18900 ALICIA NELSON-JONES CHIEF COMPLIANCE OFFICER 0.25 39.75 X 0 331763 37866 JEANNIE DOHERTY-BENCKWIT VP OF BUSINESS DEVELOPMENT 0.25 39.75 X 0 328450 12638 EMINA TABAKOVIC VP OF OPERATIONS 0.25 39.75 X 0 294812 43069 JUSTIN WALTER VP OF PERFORMANCE IMPROVEMENT 0.25 39.75 X 0 300128 35533 GILDA ST FLEUR VP OF QUALITY 0.25 39.75 X 0 303635 30977 ALIONA COCHIORVA VP OF STRATEGIC INITIATIVES 0.25 39.75 X 0 278819 42439 0 5362970 314397 0 0 1 0 0 990823 990823 RENTAL INCOME 531110 95146 95146 95146 9204 9204 REIMBURSEMENTS 900099 89879 89879 MISCELLANEOUS 900099 8278 8278 LAUNDRY & VENDING 812300 3777 3777 101934 1197107 95146 0 111138 208288 160513 47775 101341 101341 20009 15420 4589 70622 70622 3110 3110 30035 30035 116934 101712 15222 72082 37363 34719 408956 397172 11784 370664 370664 276 276 REPAIRS & MAINTENANCE 86645 86645 1488962 1271106 217856 0 98685 182345 307554 304000 211627 414978 2141 5735 11514028 8272732 3576583 3241296 21041 159156 4217631 4307510 189414 147031 6794 8807 21041 22045 8263600 8263600 909145 1330245 9389994 9771728 X -5172363 -5464218 -5172363 -5464218 4217631 4307510 -291855 0 X X 0 1 X 1 1 1 X 761868 766198 798138 876493 990823 4193520 257506 254063 182413 279944 95146 1069072 1019374 1020261 980551 1156437 1085969 5262592 0 0 0 5262592 6033 3369 1322 2997 9204 22925 6033 3369 1322 2997 9204 22925 7574 7153 6900 7364 101934 130925 1032981 1030783 988773 1166798 1197107 5416442 0.97160 0.98960 0.00420 0.00340 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2019 AMOUNT: $ 6,984. 2020 AMOUNT: $ 5,850. 2021 AMOUNT: $ 6,128. 2022 AMOUNT: $ 6,612. 2023 AMOUNT: $ 3,777. MISCELLANEOUS - 2019 AMOUNT: $ 590. 2020 AMOUNT: $ 1,303. 2021 AMOUNT: $ 772. 2022 AMOUNT: $ 752. 2023 AMOUNT: $ 8,278. REIMBURSEMENTS - 2023 AMOUNT: $ 89,879. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 47500 47500 10944822 7861051 3083771 465767 355742 110025 55939 55939 0 3241296 DUE TO RELATED PARTIES 1330245 1330245 X 1197107 0 1197107 0 1197107 1488962 0 1488962 0 1488962 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FOR TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED TO THE TENANTS ONCE THEY MOVE OUT OF THE APARTMENT. THE HOUSING COMPANY HAD SECURITY DEPOSITS TOTALING $22,045 HELD IN ESCROW AS OF 12/31/2023. PART X, LINE 2: THE ENTITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ENTITY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ENTITY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. 0 0 0 0 0 0 0 0 0 TARA BUONOCORE-RUT PRESIDENT/CEO 0 877652 0 640790 0 1140 0 3455 0 43700 0 1566737 0 0 SHAUN RUSKIN EXEC. VP, CSO THRU JUNE 2023 0 652045 0 415994 0 1691 0 3117 0 1800 0 1074647 0 0 LENY TIRTASAPUTRA CFO 0 403749 0 117138 0 2622 0 9900 0 31003 0 564412 0 0 DAVID SILVA MOJICA CHIEF HR OFFICER 0 304185 0 106782 0 1575 0 4950 0 13950 0 431442 0 0 ALICIA NELSON-JONES CHIEF COMPLIANCE OFFICER 0 241585 0 86549 0 3629 0 9900 0 27966 0 369629 0 0 JEANNIE DOHERTY-BENCKWIT VP OF BUSINESS DEVELOPMENT 0 267396 0 58954 0 2100 0 8385 0 4253 0 341088 0 0 EMINA TABAKOVIC VP OF OPERATIONS 0 237476 0 56598 0 738 0 4546 0 38523 0 337881 0 0 JUSTIN WALTER VP OF PERFORMANCE IMPROVEMENT 0 243356 0 56024 0 748 0 9104 0 26429 0 335661 0 0 GILDA ST FLEUR VP OF QUALITY 0 247028 0 55325 0 1282 0 7311 0 23666 0 334612 0 0 ALIONA COCHIORVA VP OF STRATEGIC INITIATIVES 0 224999 0 52650 0 1170 0 4907 0 37532 0 321258 0 0 PART I, LINE 3 THE SALARIES FOR THE EXECUTIVES ARE DETERMINED BY THE PARENT COMPANY, CENTERLIGHT HEALTH SYSTEM, INC. THE METHODS UTILIZED INCLUDE: A COMPENSATION COMMITTEE, COMPARING TO THE FORM 990'S OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS OR STUDIES, AND APPROVAL BY THE COMPENSATION COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 3 THE ENTITY PURCHASES MANAGEMENT SERVICES FROM AN UNRELATED MANAGEMENT SERVICES CORPORATION, TUC MANAGEMENT COMPANY, INC. THESE FEES ARE CHARGEABLE AT A RATE OF 8.10% OF MONTHLY GROSS RENT COLLECTIONS. MANAGEMENT FEES TOTALING $70,622 WERE PAID DURING 2023. NO DIRECTORS, OFFICERS, OR EMPLOYEES REPORTED ON PART VII WERE COMPENSATED BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 7B NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THE BY-LAWS, THE APPROVAL OF CENTERLIGHT HEALTH SYSTEM, INC. REQUIRES THE CORPORATION TO: (A) EFFECT A MERGER, CONSOLIDATION, REORGANIZATION, OR SALE OR OTHER DISPOSITION OF THE CORPORATION OR ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS; (B) EFFECT ANY DISSOLUTION, LIQUIDATION OR OTHER WINDING UP OF THE CORPORATION OR THE CESSATION OF ALL OR A SUBSTANTIAL PART OF THE BUSINESS OF THE CORPORATION; (C) AMEND THE CORPORATION'S CERTIFICATE OF INCORPORATION OR BY-LAWS; (D) EFFECT A MATERIAL CHANGE IN THE CORPORATION'S BUSINESS; (E) INCREASE THE NUMBER OF DIRECTORS OR CHANGE THE TERM OF THE DIRECTORS ON THE CORPORATION'S BOARD OF DIRECTORS; (F) CREATE ANY MORTGAGE, PLEDGE OR OTHER SECURITY INTEREST IN ALL SUBSTANTIALLY ALL OF THE ASSETS OR PROPERTY OF THE CORPORATION OTHER THAN IN THE ORDINARY COURSE OF BUSINESS; (G) MAKE ANY GUARANTEE OR BECOME A SPONSOR, OTHER THAN IN THE ORDINARY COURSE OF BUSINESS; OR (H) MAKE ANY CHANGE THAT WOULD RESULT IN THE TRANSFER OF ULTIMATE VOTING CONTROL OF THE CORPORATION TO ANOTHER PERSON OR ENTITY OTHER THAN THE MEMBER OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 8A THE BOARD DOES NOT TAKE MINUTES IN THEIR MEETINGS. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES DO NOT TAKE MINUTES IN THEIR MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURNS ARE BASED ON THE CERTIFIED FINANCIAL STATEMENTS, AS WELL AS INFORMATION PROVIDED IN RESPONSE TO A DETAILED QUESTIONNAIRE WITH ADDITIONAL INFORMATION NOT INCLUDED IN THE FINANCIAL STATEMENTS INCLUDING COMPENSATION AND BENEFITS FOR SENIOR MANAGEMENT, PROCEDURES FOR ESTABLISHING SUCH COMPENSATION, AND GOVERNANCE POLICIES AND PROCEDURES (CONFLICTS OF INTEREST, RECORD RETENTION AND DESTRUCTION, WHISTLEBLOWER). DRAFTS OF THE COMPLETED RETURNS ARE REVIEWED BY THE CFO. ANY COMMENTS ARISING FROM OUR REVIEW ARE DISCUSSED AND IF REQUIRED, CHANGES ARE MADE TO THE DRAFT. THAT DRAFT WILL BE SUBMITTED TO THE AUDIT COMMITTEE FOR ITS REVIEW AND APPROVAL. ONCE THE AUDIT COMMITTEE HAS COMPLETED ITS REVIEW COPIES OF THE RETURNS WILL BE PROVIDED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT: NEW BOARD MEMBERS AND EMPLOYEES ARE GIVEN A COPY OF THE RESPECTIVE POLICIES. EACH YEAR ALL EMPLOYEES ARE REMINDED AT THE ANNUAL CORPORATE COMPLIANCE PROGRAM TRAINING OF THE POLICY AND OF THE SANCTIONS ASSOCIATED WITH NON-COMPLIANCE. ANNUALLY, DIRECTORS OF THE BOARD AND ARE ASKED TO REVIEW THE POLICY AND TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY HAVE OCCURRED SINCE THE LAST DISCLOSURE. THE AUDIT COMMITTEE OF THE BOARD REVIEWS THE BOARD AND SENIOR MANAGEMENT DISCLOSURES. PROCEDURES FOR MANAGING IDENTIFIED CONFLICTS: BEFORE THE BOARD OF DIRECTORS TAKES ACTION TO REVIEW OR APPROVE A CONTRACT, TRANSACTION OR COMPENSATION ARRANGEMENT INVOLVING AN ACTUAL CONFLICT OF INTEREST, THE DIRECTOR, OFFICER, OR EMPLOYEE WHO HAS THE POTENTIAL/ACTUAL CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING MUST DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OR DESIGNEE (IF APPROPRIATE) WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE AND REPORT TO THE BOARD OF DIRECTORS ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. BASED ON THE INFORMATION FURNISHED BY THE DISINTERESTED PERSON OR COMMITTEE, THE BOARD OF DIRECTORS WILL MAKE A DETERMINATION OF WHETHER THE ORGANIZATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR MORE REASONABLE ARRANGEMENTS FROM AN ENTITY OR PERSON THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST IS NOT REASONABLY ATTAINABLE UNDER THE CIRCUMSTANCES, THE BOARD OF DIRECTORS WILL DETERMINE, BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATIONS' BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE ORGANIZATION. A DIRECTOR WHO HAS A CONFLICT OF INTEREST MAY NOT VOTE ON THE TRANSACTION OR ARRANGEMENT AND MAY NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. THE DIRECTORS' INELIGIBILITY TO VOTE IS REFLECTED IN THE MINUTES OF THE MEETING. THE AUDIT COMMITTEE, WHICH IS COMPOSED SOLELY OF DISINTERESTED DIRECTORS, WILL ENSURE THAT THESE PROCEDURES ARE COMPLIED WITH, AND RECOMMEND REMOVAL OF THOSE THAT FAIL TO COMPLY WITH THE POLICY. MONITORING: CONTINUOUSLY, THROUGHOUT THE COURSE OF THE YEAR, ALL EMPLOYEES AND DIRECTORS ARE REMINDED OF THE CONFLICTS OF INTEREST POLICIES THROUGH CASES AND CONSEQUENCES DISCUSSIONS OF NON-COMPLIANCE. THIS IS DONE VIA E-MAIL, AT DIRECTORS MEETINGS, AND DURING STEERING COMMITTEE MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CENTERLIGHT HEALTH SYSTEM INC 136-65 37TH AVENUE FLUSHING NY 11354 133323765 TO SUPPORT HEALTHCARE SERVICES NY 501(C)(3) LINE 12B, II N/A 0 CENTERLIGHT HEALTHCARE INC 136-65 37TH AVENUE FLUSHING NY 11354 133600807 MANAGED CARE NY 501(C)(3) LINE 10 CENTERLIGHT HEALTH SYSTEM INC 0 CENTERLIGHT HEALTHCARE DIAGNOTISTIC AND TREATMENT CENTER 136-65 37TH AVENUE FLUSHING NY 11354 133631727 DIAGNOSTIC TREATMENT CENTER NY 501(C)(3) LINE 12A, I CENTERLIGHT HEALTHCARE INC 0 BEST CHOICE HOME HEALTH CARE INC 136-65 37TH AVENUE FLUSHING NY 11354 133889937 HOME CARE NY 501(C)(3) LINE 12B, II CENTERLIGHT HEALTH SYSTEM INC 0 MVP HOUSING DEVELOPMENT FUND COMPANY INC 136-65 37TH AVENUE FLUSHING NY 11354 133760575 HOUSING FOR THE ELDERLY NY 501(C)(3) LINE 10 CENTERLIGHT HEALTH SYSTEM INC 0 SCHNURMACHER CRN 136-65 37TH AVENUE FLUSHING NY 11354 133482590 SKILLED NURSING FACILITY NY 501(C)(3) LINE 10 CENTERLIGHT HEALTH SYSTEM INC 0 BETH ABRAHAM SERVICES 136-65 37TH AVENUE FLUSHING NY 11354 131739920 SKILLED NURSING FACILITY NY 501(C)(3) LINE 10 CENTERLIGHT HEALTH SYSTEM INC 0 CENTER FOR NURSING AND REHABILITATION INC 136-65 37TH AVENUE FLUSHING NY 11354 112289702 SKILLED NURSING FACILITY NY 501(C)(3) LINE 10 CENTERLIGHT HEALTH SYSTEM INC 0 BETH ABRAHAM - CNR FOUNDATION INC 136-65 37TH AVENUE FLUSHING NY 11354 113284763 FUNDRAISING NY 501(C)(3) LINE 7 CENTERLIGHT HEALTH SYSTEM INC 0 MARAGARET TIETZ NURSING AND REHABILITATION CENTER 136-65 37TH AVENUE FLUSHING NY 11354 136266115 SKILLED NURSING FACILITY NY 501(C)(3) LINE 10 CENTERLIGHT HEALTH SYSTEM INC 0 CL HEALTHCARE INC 136-65 37TH AVENUE FLUSHING NY 11354 460833951 HOME CARE NY 501(C)(3) LINE 10 CENTERLIGHT HEALTH SYSTEM INC 0 CENTERLIGHT CERTIFIED HOME HEALTH AGENCY 136-65 37TH AVENUE FLUSHING NY 11354 461840894 HOME CARE NY 501(C)(3) LINE 10 CENTERLIGHT HEALTH SYSTEM INC 0 SCHEUER GARDENS LP 136-65 37TH AVENUE FLUSHING NY 11354 900894600 AFFORDABLE HOUSING NY SCHEUER GARDENS GP INC RELATED 0 0 SCHEUER PLAZA LP 136-65 37TH AVENUE FLUSHING NY 11354 320390482 AFFORDABLE HOUSING NY SCHEUER PLAZA GP INC RELATED 0 0 BETH ABRAHAM MANAGEMENT SOLUTIONS 136-65 37TH AVENUE FLUSHING NY 11354 134128549 TO MANAGE NURSING FACILITIES UNDER RECEIVERSHIP NY BETH ABRAHAM HEALTH SERVICES C 0 SCHEUER GARDENS GP INC 136-65 37TH AVENUE FLUSHING NY 11354 461126473 REAL ESTATE NY N/A C 0 SCHEUER PLAZA GP INC 136-65 37TH AVENUE FLUSHING NY 11354 461126614 REAL ESTATE NY N/A C 0 TBM HOUSING DEVELOPMENT FUND COMPANY INC 136-65 37TH AVENUE FLUSHING NY 11354 133227442 HOUSING FOR THE ELDERLY NY CENTERLIGHT HEALTH SYSTEM INC C 0 BETH ABRAHAM HOUSING DEVELOPMENT FUND COMPANY INC 136-65 37TH AVENUE FLUSHING NY 11354 133067236 HOUSING FOR THE ELDERLY NY CENTERLIGHT HEALTH SYSTEM INC C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0