2024-09-11T12:31:17-05:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-01-01 133756602 BIRNAM WOOD ASSOCIATES LTD BIRN 9144284507 470 MAMARONECK AVENUE WHITE PLAINS NY 10605 ELIZABETH ELLISON CHIEF FINANCIAL OFFICER 9144284507 2024-09-11 1 1 MELISSA MODELSON P01603524 9143818900 2024-09-06 2023 2024-08-08 14:25:15Z MARLENE ZARFES 470 MAMARONECK AVENUE WHITE PLAINS NY 10605 0 0 X N/A X 1994 NY THE ORGANIZATION WAS FORMED TO OWN REAL ESTATE USED IN PROVIDING HOUSING AND SERVICES TO LOW AND MODERATE INCOME INDIVIDUALS WHO HAVE MENTAL HEALTH AND/OR SUBSTANCE ABUSE ISSUES. 3 3 0 3 0 0 43300 0 0 0 0 0 0 0 43300 0 0 0 0 0 0 0 0 0 0 41988 23972 41988 23972 1312 -23972 409258 434211 419857 468782 -10599 -34571 THE ORGANIZATION WAS FORMED TO OWN REAL ESTATE USED IN PROVIDING HOUSING AND SERVICES TO LOW AND MODERATE INCOME INDIVIDUALS WHO HAVE MENTAL HEALTH AND/OR SUBSTANCE ABUSE ISSUES. 0 0 23972 0 0 THROUGH A PROPERTY MANAGEMENT AGREEMENT WITH WESTCHESTER RESIDENTIAL OPPORTUNITIES, INC., THE ORGANIZATION PROVIDES AFFORDABLE HOUSING AND SERVICES TO 11 INDIVIDUALS WITH LOW AND MODERATE INCOME. 23972 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 NY X X ELIZABETH ELLISON 9144284507 470 MAMARONECK AVENUE WHITE PLAINS NY 10605 ALAN R WOLFERT ESQ PRESIDENT 0.50 1.00 X X 0 0 0 HENRY J CARNAGE VP/TREASURER 0.50 1.00 X X 0 0 0 THOMAS C RICE VP/SECRETARY 0.50 1.00 X X 0 0 0 MARLENE ZARFES EXECUTIVE DIRECTOR 1.00 34.00 X 0 133706 22950 ELIZABETH ELLISON CHIEF FINANCIAL OFFICER 0.25 11.75 X 0 88790 0 0 222496 22950 0 0 1 0 0 0 0 0 0 23972 23972 23972 23972 0 0 800975 366764 409258 434211 409258 434211 0 48925 419857 419857 419857 468782 X -10599 -34571 -10599 -34571 409258 434211 -23972 0 X 0 1 X 0 0 X X 1 WESTCHESTER RESIDENTIAL OPPORTUNITIES INC 132617705 7 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 1: BIRNAM WOOD ASSOCIATES, LTD. WAS FORMED TO OWN REAL ESTATE USED IN PROVIDING HOUSING AND SERVICES TO LOW AND MODERATE INCOME INDIVIDUALS WHO HAVE MENTAL HEALTH AND/OR SUBSTANCE ABUSE ISSUES. THE ORGANIZATION HOLDS TITLE TO PROPERTY THAT IT LEASES TO ITS PARENT ORGANIZATION, WESTCHESTER RESIDENTIAL OPPORTUNITIES, INC. ("WRO"). THROUGH A PROPERTY MANAGEMENT AGREEMENT WITH WESTCHESTER RESIDENTIAL OPPORTUNITIES, INC., THE ORGANIZATION PROVIDES AFFORDABLE HOUSING AND SERVICES TO 11 INDIVIDUALS WITH LOW AND MODERATE INCOME. IN ADDITION, THE ORGANIZATIONS HAVE A HISTORIC RELATIONSHIP BASED ON THE PARENT-SUBSIDIARY RELATIONSHIP THAT HAS BEEN IN PLACE. 100000 100000 700975 366764 334211 434211 DUE TO RELATED PARTY 419857 419857 X 4863422 4863422 4863422 0 0 0 4117197 4093225 4093225 23972 0 23972 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO CONSOLIDATED ENTITY 4,863,422. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO CONSOLIDATED ENTITY 4,093,225. 0 0 0 0 0 0 0 0 0 MARLENE ZARFES EXECUTIVE DIRECTOR 0 123706 0 10000 0 0 0 4200 0 18750 0 156656 0 0 PART I, LINE 3 THE PERSONNEL COMMITTEE OF WESTCHESTER RESIDENTIAL OPPORTUNITIES INC. SHALL (1) PREPARE AND, FROM TIME TO TIME WITH THE PARTICIPATION OF THE EXECUTIVE DIRECTOR, UPDATE THE JOB DESCRIPTION OF THE EXECUTIVE DIRECTOR; (2) MEET WITH THE EXECUTIVE DIRECTOR PRIOR TO THE YEAR THAT THE EXECUTIVE DIRECTOR'S JOB PERFORMANCE WILL BE EVALUATED AND ESTABLISH FINANCIAL, PROGRAMMATIC AND OPERATIONAL GOALS TO BE MET BY THE EXECUTIVE DIRECTOR DURING THE EVALUATION YEAR, AND (3) WITHIN 45 DAYS AFTER THE END OF THE EVALUATION YEAR, MAKE RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE REGARDING THE PERFORMANCE OF THE EXECUTIVE DIRECTOR DURING THE EVALUATION YEAR AND ANY PROPOSED CHANGE TO THE EXECUTIVE DIRECTOR'S COMPENSATION. THE PERSONNEL COMMITTEE SHALL BE COMPRISED OF ONLY THOSE MEMBERS OF THE BOARD OF DIRECTORS WHO HAVE NO CONFLICT OF INTEREST. THE PERSONNEL COMMITTEE'S CONCLUSIONS REGARDING THE EXECUTIVE DIRECTOR'S PERFORMANCE DURING THE EVALUATION YEAR SHALL BE BASED ON WHETHER AND TO WHAT EXTENT THE EXECUTIVE DIRECTOR (A) MET OR EXCEEDED THE OBLIGATIONS ESTABLISHED IN THE JOB DESCRIPTION AND (B) MET OR EXCEEDED THE GOALS. WHETHER THERE SHALL BE A CHANGE IN THE EXECUTIVE DIRECTOR'S COMPENSATION SHALL BE REVIEWED WITH THE FINANCE COMMITTEE BASED ON HIS/HER PERFORMANCE EVALUATION, AVAILABILITY OF FUNDS AND REASONABLY AVAILABLE INFORMATION REGARDING COMPENSATION PAID BY AT LEAST THREE COMPARABLE ORGANIZATIONS IN THE SAME OR SIMILAR COMMUNITIES FOR SIMILAR POSITIONS INVOLVING SIMILAR SERVICES. WHERE PRACTICABLE, SUCH INFORMATION SHOULD INCLUDE (1) DOCUMENTED TELEPHONE INQUIRIES ABOUT SIMILAR POSITIONS IN NON-PROFIT AND FOR-PROFIT ORGANIZATIONS, (2) WRITTEN JOB OFFERS AT SIMILAR ORGANIZATIONS, (3) INFORMATION FROM THE FORM 990 FILINGS OF OTHER NON-PROFIT ORGANIZATIONS, (4) STUDIES BY INDEPENDENT COMPENSATION EXPERTS, AND/OR (5) INFORMATION AVAILABLE FROM RELIABLE, INDEPENDENT ORGANIZATIONS THAT GATHER AND PROVIDE THIS TYPE OF INFORMATION. THE PERSONNEL COMMITTEE SHALL DOCUMENT, IN THE MINUTES OF ITS PROCEEDINGS, THE REASONS SUPPORTING ITS RECOMMENDATIONS. THE PROCESS FOR DETERMINING THE EXECUTIVE DIRECTOR'S SALARY WAS UNDERTAKEN IN DECEMBER OF 2023. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION IS WESTCHESTER RESIDENTIAL OPPORTUNITIES, INC. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER, WESTCHESTER RESIDENTIAL OPPORTUNITIES, INC., HAS THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ANY OR ALL OF THE MEMBERS OF THE BOARD OF DIRECTORS MAY BE REMOVED WITH OR WITHOUT CAUSE BY VOTE OF THE SOLE MEMBER OF THE CORPORATION. THE BOARD OF DIRECTORS MAY REMOVE ANY DIRECTOR THEREOF FOR CAUSE ONLY. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B BIRNAM WOODS ASSOCIATES, LTD. 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 WESTCHESTER RESIDENTIAL OPPORTUNITIES' FINANCE AND EXECUTIVE COMMITTEES, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR REVIEW BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. 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 POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. WESTCHESTER RESIDENTIAL OPPORTUNITIES INC 470 MAMARONECK AVENUE SUITE 410 WHITE PLAINS NY 10605 132617705 TO PROMOTE EQUAL AFFORDABLE HOUSING NY 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0