2025-11-15T07:12:03-05:00 2024-12-31 COHNREZNICK ADVISORY LLC 14 SYLVAN WAY PARSIPPANY NJ 07054 990 2024-01-01 133411159 EDUCATIONAL HOUSING SERVICES INC % JOSEPH LAVACCA EDUC 2129777622 481 EIGHTH AVENUE NEW YORK NY 10001 Joseph LaVacca Treasurer 2129777622 2025-11-13 true true Lori Rothe Yokobosky P01273422 9732283500 2025-11-13 2024 2025-03-06 01:10:19Z JEFFREY LYNFORD 481 EIGHTH AVENUE NEW YORK NY 10001 29945548 false X WWW.STUDENTHOUSING.ORG X 1987 NY EHS' Mission is to provide safe and affordable college housing. 9 9 86 0 0 608625 1471795 23946200 27037302 12632 62754 209414 1373697 24776871 29945548 0 0 0 0 3527323 4341999 0 0 0 24994505 28471303 28521828 32813302 -3744957 -2867754 142160878 147477560 177978291 184271845 -35817413 -36794285 THE EHS & SUBSIDIARIES MISSION "TO ENHANCE THE NEW YORK CITY COLLEGE EXPERIENCE BY PROVIDING SAFE AND AFFORDABLE HOUSING IN AN ENRICHING STUDENT LIFE ENVIRONMENT." false false 28858581 28410999 TO ACQUIRE BY LEASE OR OTHERWISE, MAINTAIN AND OPERATE, IN THE NEW YORK CITY METRO AREA, QUALITY, SAFE, STATE OF THE ART, AFFORDABLE, RESIDENTIAL FACILITIES FOR STUDENTS AND TEACHERS OF EDUCATIONAL INSTITUTIONS. EDUCATIONAL HOUSING SERVICES, INC. ALSO COORDINATES A STUDENT LIFE SOCIAL CALENDAR WHICH PROMOTES STUDENT ACTIVITIES WITHIN THE COMMUNITY. 28858581 true false false true false false false false false false true false false true true true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false true true true true true false false 165 0 true 86 true false false false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true true true true NY X JOSEPH LAVACCA 2129777622 481 EIGHTH AVENUE NEW YORK NY 10001 X JEFFREY LYNFORD PRESIDENT 33.6 1.4 X 461766 0 179998 DENNIS R IRVIN COO/CFO 30.45 4.55 X 271050 0 109275 FAYE BEAN SENIOR VP LEASING & MARKETING 24.85 10.15 X 293072 0 76870 CHRISTY CHATFIELD SENIOR VP STUDENT LIFE 24.5 10.5 X 225180 0 71947 JOSEPH LA VACCA TREASURER 23.1 11.9 X 208518 0 55623 ARIEL DYBNER SR VP GNRL COUNSEL, SECRETARY 23.1 6.9 X 163844 0 82262 ADAM B KAUFMAN SENIOR HOUSING ADVISOR 19.25 15.75 X 188901 0 23444 KEVIN GROSS VP OF FACILITIES AND PROPERTY 28.0 7.0 X 186615 0 7400 DARLENE LEWIS CONTROLLER 22.75 12.25 X 129747 0 40802 ROSS HEWITT INVESTMENT ANALYST 33.25 1.75 X 132692 0 3937 WILLIAM COCKRUM III BOARD MEMBER 2.0 3.0 X 25000 0 0 JERRY HULTIN CHAIRMAN OF THE BOARD 2.0 3.0 X X 25000 0 0 JOHN THOMAS RANDOLPH II BOARD MEMBER 2.0 3.0 X 25000 0 0 DALE ANNE REISS BOARD MEMBER 2.0 3.0 X 25000 0 0 SAMARA BAREND BOARD MEMBER 2.0 3.0 X 25000 0 0 DONALD D SHEETS BOARD MEMBER 2.0 3.0 X 25000 0 0 CARL RICHARD HARTMAN BOARD MEMBER 2.0 3.0 X 25000 0 0 PATRICK FOYE BOARD MEMBER 2.0 3.0 X 25000 0 0 LEECIA ROBERTA EVE BOARD MEMBER 2.0 3.0 X 25000 0 0 2486385 0 651558 14 false true false REALTY CROWN MANAGEMENT 100 HENRY STREET BROOKLYN NY 11201 PROPERTY MANAGEMENT 1665000 RCN PO BOX 11816 NEWARK NJ 071018116 TELECOMMUNICATIONS 903581 EVENSON BEST LLC PO BOX 23011 NEW YORK NY 10087 GENERAL CONTRACTOR 824721 CLEANING BUILDING SERVICES 247 EAST 35th STREET NEW YORK NY 10001 CLEANING SERVICE 101992 INNERCIRCLE TECHNOLOGY 122 EAST 42ND STREET NEW YORK NY 10168 IT SUPPORT 538773 17 649900 821895 1471795 HOUSING AND DORMITORY 721310 27037302 27037302 27037302 62754 62754 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FORGIVENESS OF DEBT 900099 1089621 1089621 ANNUAL INSTITUTION FEE 900099 262690 262690 VENDING MACHINE INCOME 900099 12923 12923 8463 8463 1373697 29945548 28410999 62754 0 0 0 0 1639475 1639475 0 2144002 930926 1213076 51694 20768 30926 268741 113006 155735 238087 141090 96997 440312 440312 206018 163964 42054 73397 73397 -2000 -2000 0 0 372974 270709 102265 1001599 1000911 688 118042 4762 113280 269426 6600 262826 0 21246180 21164649 81531 47153 9877 37276 0 13877 1846 12031 2242790 2242790 0 58044 44680 13364 595726 527887 67839 REPAIRS & MAINTENANCE 1523088 1522560 528 STUDENT LIFE EXPENSES 205545 204945 600 BAD DEBT EXPENSE 44710 44710 MISCELLANEOUS 14422 3589 10833 32813302 28858581 3954721 0 8389934 8244569 1334287 1435376 0 0 908261 1280603 0 0 0 0 0 0 0 0 524054 458056 7938811 7853965 123235 84846 0 0 0 0 1247417 3201634 19199171 18565850 110434519 114206626 142160878 147477560 10099159 3631507 0 0 1726246 3102544 40986481 38417973 0 0 0 0 5894018 5216984 0 0 119272387 133902837 177978291 184271845 X -35817413 -36794285 0 0 -35817413 -36794285 142160878 147477560 -2867754 1890882 X false true X true false X 984244 818700 623250 608625 1471795 4506614 20431914 19257705 22325414 23946200 28473753 114434986 0 0 0 21416158 20076405 22948664 24554825 29945548 118941600 0 15066098 14724017 14291701 15123046 16637239 75842101 15066098 14724017 14291701 15123046 16637239 75842101 43099499 297413 281723 100542 12632 62754 755064 0 297413 281723 100542 12632 62754 755064 0 5473470 560711 0 209414 1373697 7617292 27187041 20918839 23049206 24776871 31381999 127313956 0.33853 0.34323 0.00593 0.00676 X false false false false false false true 48000 false false 48000 false 0 PART II-B, LINE 1G THE ORGANIZATION RETAINED ONE FIRM IN 2024 TO ASSIST IN LOBBYING THE NEW YORK CITY DEPARTMENT OF BUILDINGS, MEMBERS OF THE NEW YORK CITY MAYOR'S STAFF, MEMBERS OF THE NEW YORK CITY COUNCIL, AND MEMBERS OF THE NEW YORK CITY COUNCIL'S STAFF FOR A RULE MODIFICATION BY THE NEW YORK CITY DEPARTMENT OF BUILDINGS OF THE RULE SETTING FORTH WHAT CONSTITUTES A "COLLEGE OR SCHOOL STUDENT DORMITORY". 4614589 4577738 36851 3324222 3276227 47995 84846 DUE FROM RELATED ENTITIES 52236037 CASH&SECURITY BY BOND TRUSTEES 10945053 SECURITY DEPOSITS 6108290 RECEIVABLE STUD HOUS PROJ 44723370 OTHER ASSETS 193876 114206626 0 DUE TO RELATED ENTITIES 90814570 STUDENT HOUSING PAYABLE 12698223 OTHER LIABILITY 11535832 LEASE LIABILITY 18854212 133902837 SCHEDULE D, PART X, LINE 2 FIN48 THE ORGANIZATION IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAX AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT BELIEVES THAT ITS TAX-EXEMPT STATUS WOULD BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION FILES INFORMATIONAL TAX RETURNS IN THE UNITED STATES FEDERAL AND NEW YORK STATE JURISDICTIONS. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. 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THESE BONUSES WERE PAID IN JANUARY 2024. THE PRESIDENT AND COO/CFO WERE NOT GRANTED BONUSES DURING 2024. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983QEL9 2005-04-14 69005235 CONSTRUCT STUDENT RESIDENCE A 24177262 6410000 69005235 7153529 0 0 1368436 1439385 61687289 0 0 0 2006 true true A true false false 0 false false false true A false false false true false false 0 0 false true A true Part II AMOUNTS REPORTED IN 2024 ARE CONSISTENT WITH THE TAXPAYER'S FORM 8038 PREVIOUSLY FILED WITH THE IRS WHICH REPORTED INFORMATION WITH RESPECT TO ITS TAX EXEMPT BONDS. PART III, LINE 3B EHS REGULARLY ENGAGES BOND COUNSEL WHEN AN ISSUE ARISES AS TO PRIVATE BUSINESS USE OF THE PROPERTY. THERE WAS NO OCCASION FOR BOND COUNSEL IN 2024. PART IV, LINE 2C THE REBATE COMPUTATION WAS PERFORMED IN AUGUST 2019. FORM 990, PART VI, LINE 11B FORM 990 PROVIDED TO GOVERNING BODY THE FORM 990 FOR 2024 WAS PROVIDED TO THE FULL BOARD FOR REVIEW AND COMMENT. APPROVAL VIA BOARD VOTE OF THE FORM 990 IS REQUIRED PRIOR TO FILING THE REPORT TO THE IRS. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY EHS' CONFLICT OF INTEREST POLICY REQUIRES THE FILING BY ALL BOARD MEMBERS AND SENIOR OFFICERS OF THE ORGANIZATION OF ANNUAL CONFLICTS DISCLOSURE STATEMENT. THESE ARE REVIEWED BY THE GOVERNANCE AND COMPENSATION COMMITTEE QUARTERLY FOR ANY CONFLICTS. FORM 990, PART VI, LINE 15A & 15B COMPENSATION POLICY 990 Part VI-LINE 15A: IN SEPTEMBER 2019, THE ORGANIZATION, WITH REVIEW AND APPROVAL OF THE GOVERNANCE, FINANCE AND COMPENSATION COMMITTEE AND INPUT FROM OUTSIDE COMPENSATION CONSULTANTS GRANT THORNTON, LLP, EXTENDED THE EMPLOYMENT CONTRACT WITHOUT ADDITIONAL COMPENSATION, OF ITS PRESIDENT FOR AN ADDITIONAL TERM OF TEN YEARS ENDING DECEMBER 31, 2029. PART VI - LINE 15B IN 2022 THE ORGANIZATION RE-ENGAGED GRANT THORNTON LLP TO REVIEW THE COMPENSATION LEVELS OF OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION TO PROVIDE THE BOARD WITH A DETERMINATION OF COMPENSATION FOR THOSE EMPLOYEES. AS A RESULT OF THIS DETERMINATION NO COMPENSATION DECISIONS WERE MADE FOR ANY OTHER OFFICER OR KEY EMPLOYEES OF THE ORGANIZATION DURING 2024. FORM 990, PART VI, LINE 19 DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION COPIES OF THE ANNUAL FINANCIALS AND OTHER GOVERNING DOCUMENTS ARE SENT TO THE STATE OF NEW YORK, NEW YORK STATE BOND COMMISSION, AND THE BOARD OF DIRECTORS. COPIES ARE ON FILE AND AVAILABLE UPON REQUEST. THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990 PAYROLL EHS, INC. (EHS) CONTRACTS WITH ADP TOTAL SOURCE FOR THEIR HUMAN RESOURCES/PAYROLL SERVICES. AS SUCH, ALL EMPLOYEES OF EHS ARE A PART OF ADP'S PROFESSIONAL EMPLOYER ORGANIZATION (PEO) GROUP. FOR W-2 PURPOSES, ADP IS LISTED AS THE EMPLOYER OF ALL EHS EMPLOYEES. EHS IS THE SOLE ENTITY THAT PAYS THE EMPLOYEES OF ALL THE RELATED/CONTROLLING ENTITIES. ALLOCATIONS ARE MADE FROM EHS TO THESE ENTITIES, BASED ON ACTUAL TIME WORKED BY EACH EMPLOYEE WHEN KNOWN, OR BY AN ALLOCATION OF MANAGEMENT SALARIES BASED UPON THE ESTIMATED TIME WORKED THROUGH THE YEAR ON THESE ENTITIES. HOURS OF BOARD MEMBERS ARE BASED UPON THE QUARTERLY AND MONTHLY MEETINGS INCLUDING REGULAR INTERACTIONS WITH MANAGEMENT IN PERSON AND TELEPHONICALLY AS IT RELATES TO A PARTICULAR ENTITY. EHS CLARK STREET RESIDENCE LLC 481 EIGHTH AVENUE NEW YORK NY 10001 020739597 STUD. HOUSING DE 10357721 5423564 EHS INC EHS VI LLC 481 EIGHTH AVENUE NEW YORK NY 10001 205965253 STUD. HOUSING DE 75 12949417 EHS INC EHS VII LLC 481 EIGHTH AVENUE NEW YORK NY 10001 260496546 STUD. HOUSING DE 0 166975 EHS INC EHS TOWERS LLC 481 EIGHTH AVENUE NEW YORK NY 10001 263538503 STUD. HOUSING DE 2242790 60880048 EHS INC EHS VIII LLC 481 EIGHTH AVENUE NEW YORK NY 10001 811001315 STUD. 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