2025-10-28T13:36:52-05:00 2024-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 50 ROCKEFELLER PLAZA NEW YORK NY 10020 990 2024-01-01 510201833 HOUSING & SERVICES INC HOUS 2122529377 243 WEST 30TH STREET 2ND FL NEW YORK NY 10001 STEVEN GLICKMAN DIR OF FINANCIAL REPORTING 2122529377 2025-10-27 1 0 AMANDA ADAMS P00748038 2126971000 2025-10-27 2024 2025-03-06 01:10:19Z JAMES M DILL 243 WEST 30TH STREET 2ND FL NEW YORK NY 10001 12968482 0 X WWW.HSI-NY.ORG X 1987 NY THE ORGANIZATION OPERATES AND DEVELOPS PERMANENT SUPPORTIVE AND AFFORDABLE HOUSING. 9 9 92 0 0 0 3374971 3540923 6034436 9381227 3432 46332 1000 0 9413839 12968482 1936343 2097994 0 0 1700636 1983209 0 0 19613 6834460 7425070 10471439 11506273 -1057600 1462209 19587683 20253379 24399974 23603461 -4812291 -3350082 X WE DEVELOP AND SUSTAIN EXCEPTIONAL SUPPORTIVE AND AFFORDABLE HOUSING WITH INTEGRATED SOCIAL SERVICES TO ADVANCE THE HEALTH AND WELL-BEING OF NEW YORKERS WHO ARE VULNERABLE TO HOMELESSNESS, WHILE STRENGTHENING THE COMMUNITIES THEY LIVE IN. 0 0 6242364 7845371 KENMORE HALL: KENMORE HALL IS A 326 EFFICIENCY UNIT LOW INCOME HOUSING PROJECT IN NEW YORK, PRIMARILY FOR FORMERLY HOMELESS, SINGLE ADULTS. THE HALL'S ACTIVITIES CONSIST OF: (1) SOCIAL SERVICES FUNDED BY CONTRACTS WITH DHS AND HASA AND A GRANT FROM HUD AND (2) LOW INCOME HOUSING, SPECIFICALLY FOR RESIDENTIAL TENANTS WHOSE GOVERNMENT RENT SUBSIDIES ARE OBTAINED FROM HUD'S SECTION 8 PROGRAM ADMINISTERED BY HPD. HSI OWNS A 99.9% LIMITED PARTNERSHIP INTEREST IN KENMORE ASSOCIATES LP WHICH OPERATES THE HALL. THE GENERAL PARTNER AND OTHER OWNER OF KENMORE ASSOCIATES LP IS KENMORE HOUSING CORPORATION, A WHOLLY OWNED SUBSIDIARY OF KENMORE HOUSING DEVELOPMENT FUND CORP WHICH IS AN EXEMPT ORGANIZATION RELATED TO HSI. 3537435 2097994 210304 SOCIAL SERVICE CONTRACTS: HSI HAS A CONTRACT WITH THE HIV/AIDS SERVICES ADMINISTRATION OF THE HUMAN RESOURCES ADMINISTRATION, A DEPARTMENT OF THE CITY OF NEW YORK, TO PROVIDE SCATTER-SITE HOUSING SERVICES FOR UP TO 100 CLIENTS, CONSISTING OF 75 SINGLE ADULTS AND 25 FAMILIES WHO HAVE EXPERIENCED HOMELESSNESS AND LIVING WITH HIV/AIDS, SITUATED IN UPPER MANHATTAN AND THE BRONX, NEW YORK. 1538038 1325552 PROPERTY MANAGEMENT SERVICES: HSI PROVIDES PROPERTY MANAGEMENT AND ADMINISTRATIVE SERVICES TO THE LOW INCOME PERMANENT SUPPORTIVE HOUSING PROJECTS KNOWN AS THE CECIL, KENMORE HALL, THE NARRAGANSETT, AND THE BEDFORD. THESE PROJECTS ARE OPERATED BY ORGANIZATIONS CONTROLLED BY HSI. 126980 HOUSING DEVELOPMENT CONSULTING SERVICES: HISTORICALLY, HSI HAS PROVIDEDCONSULTING SERVICES TO PEER NEW YORK CITY NOT-FOR-PROFIT ORGANIZATIONSSEEKING TO SPONSOR AND DEVELOP HOUSING FOR SPECIAL NEEDS POPULATIONS,INCLUDING LOW INCOME PERSONS, THE ELDERLY, THE HANDICAPPED, FORMERLYHOMELESS INDIVIDUALS AND FAMILIES LIVING WITH AIDS, VICTIMS OF DOMESTICVIOLENCE AND EX OFFENDERS. 126980 11444817 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 63 0 1 92 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X MARK SHAPIRO 2122529377 243 WEST 30TH STREET 2ND FL NEW YORK NY 10001 MARY R HARDIN CHAIR 1.00 4.00 X X 0 0 0 SHERI BEST TRUSTEE 1.00 0.00 X 0 0 0 CLIFF BRODER TRUSTEE 1.00 0.00 X 0 0 0 DAWN M CARRILLO TRUSTEE 1.00 0.00 X 0 0 0 CHRISTINE CHIPURNOI TRUSTEE 1.00 0.00 X 0 0 0 MARTIN MELTZER TRUSTEE 1.00 0.00 X 0 0 0 BART THANHAUSER TRUSTEE 1.00 0.00 X 0 0 0 HOWARD M SCHLESINGER TRUSTEE 1.00 0.00 X 0 0 0 SIMONE SILVERA TRUSTEE 1.00 0.00 X 0 0 0 WILL THANHAUSER TRUSTEE 1.00 0.00 X 0 0 0 DAN MOGOLESKO TRUSTEE 1.00 0.00 X 0 0 0 JAMES M DILL EXECUTIVE DIRECTOR 19.00 16.00 X 171927 0 15005 MOLLY MATTIMORE DEPUTY EXECUTIVE DIRECTOR 17.00 18.00 X 177825 0 20708 MARK SHAPIRO CHIEF FINANCIAL OFFICER 16.00 19.00 X 142520 0 25114 STEVEN GLICKMAN DIR OF FINANCIAL REPORTING-BEG 9/24 16.00 19.00 X 55780 0 4955 DAN DANAHER DIRECTOR OF OPERATIONS 18.00 17.00 X 158881 0 32420 KRISTI CILENTI DIRECTOR OF PROGRAMS 16.00 19.00 X 161813 0 32611 RALPH GARCIA DIRECTOR OF SECURITY 18.00 17.00 X 137343 0 30500 ALMIR LALICIC DIRECTOR OF PROPERTY MANAGEMENT 18.00 17.00 X 124933 0 19672 TENILLE DA MATHA SANTANNA CONTROLLER 16.00 19.00 X 107972 0 26402 WANDA CLARK PROGRAM ACCOUNTANT 7.00 28.00 X 101106 0 684 1340100 0 208071 9 0 1 0 0 3529567 11356 3540923 KENMORE HALL INCOME 531110 7845371 7845371 MANAGEMENT FEES 541900 1325552 1325552 RENTAL INCOME 531110 210304 210304 9381227 46332 46332 12968482 9381227 0 46332 X 2097994 2097994 569304 540053 19352 9899 1065066 1059679 4140 1247 39314 37773 1034 507 120049 119714 335 189476 183691 3939 1846 37378 37096 192 90 44259 42530 1177 552 34780 34317 315 148 1423 1423 150835 146530 2931 1374 56237 55055 805 377 323037 315062 5430 2545 49438 49438 32802 31910 607 285 5130 4930 136 64 70565 69574 675 316 KENMORE HALL EXPENSES 6242364 6242364 PROGRAM RENTAL EXPENSE 210304 210304 SOCIAL SERVICES EXPENSE 132474 132474 RECRUIT/TRAINING 34044 32906 775 363 11506273 11444817 41843 19613 2245386 2348717 83983 4571 1406174 2425551 20935 14975 178372 178372 5130 0 15826075 15459565 19587683 20253379 225733 295465 24174241 23307996 24399974 23603461 X -4853810 -3396656 41519 46574 -4812291 -3350082 19587683 20253379 1462209 0 X 0 1 X 1 1 1 X 2614821 2810282 2660161 3374971 3540923 15001158 2614821 2810282 2660161 3374971 3540923 15001158 15001158 416 561 1554 3432 46332 52295 7935 7935 15061388 26036481 0.99600 0.99890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 7,935. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 67964 67964 0 33939 33939 0 76469 76469 0 0 SECURITY DEPOSITS 43193 DEFERRED DEVELOPMENT COSTS 613581 RIGHT-OF-USE ASSETS 8423510 SPONSOR LOAN TO BEDFORD 203 LP 1962362 DUE FROM AFFILIATES 4416919 15459565 DUE TO 501(C)(3) AFFILIATES 7504463 EQUITY IN KENMORE ASSOCIATES LP 4631488 LEASE LIABILITIES 8547952 CONTRACT ADVANCES AND LOANS PAYABLE 1045960 MORTGAGE FOR BENEFIT OF BEDFORD 203 LP 1196732 DEVELOPER FEE PAYABLE 381401 23307996 X PART X, LINE 2: THE HSI GROUP FOLLOWS ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE HSI GROUP MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. AS OF DECEMBER 31, 2024 AND 2023, THE HSI GROUP HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE HSI GROUP HAD NO INTEREST OR PENALTIES RELATED TO INCOME TAXES. 1 RENT ASSISTANCE 100 2097994 BOOK HSI LEASES APARTMENTS FROM THIRD-PARTY LANDLORDS AND PLACES HASA-REFERRED CLIENTS IN THE APARTMENTS. HSI PAYS 100% OF THE RENT TO THE LANDLORDS AND THE CLIENTS RESIDING IN THE APARTMENTS MAY PAY UP TO 30% OF THEIR QUALIFYING INCOME TO HSI FOR THEIR RENT SHARE. THE AMOUNT SHOWN AS RENTAL ASSISTANCE IN THIS SCHEDULE REPRESENTS THE DIFFERENCE BETWEEN THE AMOUNT HSI PAID TO THE LANDLORDS TO RENT THE APARTMENTS AND THE AMOUNT PAID TO HSI BY THE TENANTS TO RENT THE APARTMENTS FROM HSI. PART I, LINE 2: THE CONTRACT REQUIRES THE CASE MANAGERS MUST MAKE AT LEAST ONE HOME VISIT A MONTH TO THE LEASED APARTMENT AND THE CLIENT MUST MAKE ONE OFFICE VISIT TO HSI EACH MONTH. SCHEDULE I, PART III, COLUMN (B): THE AMOUNT REPORTED FOR THE NUMBER OF RECIPIENTS IS EQUAL TO THE NUMBER OF APARTMENTS IN THE PROGRAM. THE ACTUAL NUMBER OF RECIPIENTS IS HIGHER THAN THAT DEPENDING UPON HOW MANY INDIVIDUALS ARE LIVING IN EACH APARTMENT. X X 0 0 0 0 0 0 0 1 0 MOLLY MATTIMORE DEPUTY EXECUTIVE DIRECTOR 177825 0 0 0 0 0 15709 0 4999 0 198533 0 0 0 KRISTI CILENTI DIRECTOR OF PROGRAMS 155121 0 6692 0 0 0 14233 0 18378 0 194424 0 0 0 DAN DANAHER DIRECTOR OF OPERATIONS 152585 0 6296 0 0 0 30500 0 1920 0 191301 0 0 0 JAMES M DILL EXECUTIVE DIRECTOR 171927 0 0 0 0 0 0 0 15005 0 186932 0 0 0 RALPH GARCIA DIRECTOR OF SECURITY 131983 0 5360 0 0 0 30500 0 0 0 167843 0 0 0 MARK SHAPIRO CHIEF FINANCIAL OFFICER 136624 0 5896 0 0 0 13000 0 12114 0 167634 0 0 0 PART I, LINE 7 ALL STAFF (BOTH FULL AND PART-TIME) RECEIVE AN ANNUAL PERFORMANCE EVALUATION, TYPICALLY IN SEPTEMBER. THE EVALUATIONS HAVE BOTH QUANTITATIVE AND QUALITATIVE MEASUREMENTS TO DETERMINE THEIR ANNUAL BONUS PERCENTAGES. ANY BONUSES, ANNUAL COST OF LIVING ADJUSTMENTS AND STAFF PAY SCALES ARE APPROVED BY THE BOARD IN CONJUNCTION WITH THE APPROVAL OF THE ANNUAL BUDGET. FORM 990, PART VI, SECTION A, LINE 2 BART THANHAUSER, TRUSTEE AND WILL THANHAUSER, TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD OF TRUSTEES CREATED A FINANCE COMMITTEE WHOSE FUNCTIONS INCLUDE REVIEW OF THE ORGANIZATION'S FORM 990 PRIOR TO ITS FILING WITH THE IRS. IN ADDITION, THE FORM 990 WAS DISTRIBUTED TO THE ORGANIZATION'S ENTIRE BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ADOPTED A FORMAL WRITTEN CONFLICT OF INTEREST POLICY REQUIRING THAT ALL TRUSTEES READ AND SIGN WRITTEN ACKNOWLEDGEMENT THAT THEY HAVE READ THE POLICY, UNDERSTAND THE POLICY AND HAVE MADE ALL REQUIRED DISCLOSURES UNDER THE POLICY ON AN ANNUAL BASIS. THE ORGANIZATION'S BOARD OF TRUSTEES CREATED A FINANCE COMMITTEE WHOSE FUNCTIONS INCLUDE A REVIEW FOR COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY (IN COMPLIANCE WITH NYS NOT-FOR-PROFIT LAW) ON A MINIMUM OF AN ANNUAL BASIS. THE ANNUAL REVIEWS WERE PERFORMED BY THE FINANCE COMMITTEE AND THE RESULTS OF ITS REVIEW WERE REPORTED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS AN ESTABLISHED EXECUTIVE COMMITTEE TO ENSURE THAT SENIOR MANAGEMENT COMPENSATION IS REASONABLE. THE COMMITTEE IS PROVIDED INFORMATION FOR COMPARABLE PEER ORGANIZATIONS AND CONSIDERS SENIOR MANAGEMENT RESPONSIBILITIES AND RECENT JOB PERFORMANCE IN ITS DETERMINATION OF THE REASONABLENESS OF SENIOR MANAGEMENT COMPENSATION. THE COMMITTEE MEETS AT LEAST ONCE ANNUALLY AND ALSO MEETS ON AN AD HOC BASIS WHEN CHANGES TO SENIOR MANAGEMENT COMPENSATION ARE CONSIDERED. THE FULL BOARD AND THE EXECUTIVE COMMITTEE HAVE CURRENTLY DEFINED SENIOR MANAGEMENT AS THE EXECUTIVE DIRECTOR AND DEPUTY EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990, AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 5: HSI IS THE EMPLOYER OF RECORD FOR CERTAIN EMPLOYEES THAT SPEND A PORTION OF THEIR TIME PROVIDING SERVICES TO THE RELATED ORGANIZATIONS LISTED IN SCHEDULE R. HSI IS REIMBURSED AT COST FOR THOSE SERVICES AND THE AMOUNTS REPORTED IN PART IX ARE SHOWN NET OF SUCH REIMBURSEMENTS. THEREFORE, THE AMOUNT ON LINE 5 IS LESS THAN THE AMOUNT REPORTED IN PART VII. KENMORE HOUSING DEVELOPMENT FUND CORPORATION C/O HSI INC 243 WEST 30TH STREET NEW YORK NY 10001 133862850 OPERATION OF LOW INCOME SUPPORTIVE HOUSING PROJECT NY 501(C)(3) LINE 7 HOUSING AND SERVICES INC 1 NARRAGANSETT HOUSING DEVELOPMENT FUND CORPORATION C/O HSI INC 243 WEST 30TH STREET NEW YORK NY 10001 133685749 OPERATION OF LOW INCOME SUPPORTIVE HOUSING PROJECT NY 501(C)(3) LINE 7 HOUSING AND SERVICES INC 1 CECIL HOUSING DEVELOPMENT FUND CORPORATION C/O HSI INC 243 WEST 30TH STREET NEW YORK NY 10001 142012874 OPERATION OF LOW INCOME SUPPORTIVE HOUSING PROJECT NY 501(C)(3) LINE 7 HOUSING AND SERVICES INC 1 BEDFORD 203 HDFC INC C/O HSI INC 243 WEST 30TH STREET NEW YORK NY 10001 831529155 CONSTRUCTION AND EVENTUAL OPERATION OF LOW INCOME SUPPORTIVE HOUSING PROJECT NY 501(C)(3) LINE 7 HOUSING AND SERVICES INC 1 KENMORE ASSOCIATES LP C/O HSI INC 243 WEST 30TH STREET NEW YORK NY 10001 133867519 HOUSING NY HOUSING & SERVICES INC RELATED 2746378 29223417 0 0 0.99900 0 0 0 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 BEDFORD 203 HDFC D 1102107 BOOK CECIL HDFC D 806612 BOOK KENMORE HDFC D 961976 BOOK KENMORE ASSOCIATES LP E 6182980 BOOK NARRAGANSETT HDFC E 1171345 BOOK CECIL HDFC L 230294 BOOK KENMORE ASSOCIATES LP L 518337 BOOK KENMORE HDFC L 233858 BOOK NARRAGANSETT HDFC L 222720 BOOK BEDFORD 203 HDFC O 159613 BOOK CECIL HDFC O 132251 BOOK KENMORE ASSOCIATES LP O 484541 BOOK KENMORE HDFC O 148212 BOOK NARRAGANSETT HDFC O 155053 BOOK SCHEDULE R, PART II: IN AUGUST 2018, HOUSING AND SERVICES, INC. ("HSI") FORMED A NEW NEW YORK STATE NOT-FOR-PROFIT NAMED BEDFORD 203 HDFC AS A SINGLE MEMBER ORGANIZATION WITH HSI AS THE SOLE MEMBER. BEDFORD HDFC IN TURN FORMED BEDFORD 203 GP, INC., A NEW YORK STATE C CORPORATION WHOSE SOLE ACTIVITY IS TO ACT AS THE GENERAL PARTNER OF THE NEW YORK STATE PARTNERSHIP BEDFORD 203 LP. BEDFORD 203 GP HAS A 0.1% GENERAL PARTNER INTEREST. AS OF DECEMBER 31, 2018, HOUSING AND SERVICES, INC. HAD A 99.9% LIMITED PARTNER INTEREST. ON JULY 24, 2019, THE LIMITED PARTNER INTEREST WAS TRANSFERRED TO HUDSON SLP LLC AND HUDSON EAST 203 LLC. HSI, BEDFORD 203 HDFC, BEDFORD 203 GP, INC. AND BEDFORD 203 LP (COLLECTIVELY REFERRED HEREIN AS THE "BEDFORD ENTITIES") DEVELOPED, CONSTRUCTED AND NOW OPERATE THE LOW INCOME SUPPORTIVE PROJECT KNOWN AS "THE BEDFORD". THROUGH ITS SOLE MEMBERSHIP IN BEDFORD 203 HDFC, HSI CONTROLS THE BEDFORD ENTITIES' BOARDS. THE BOARDS OF BEDFORD HDFC AND BEDFORD 203 GP, INC. CONSIST OF MARTIN MELTZER, CHAIR, JAMES DILL, EXECUTIVE DIRECTOR, AND MOLLY MATTIMORE, CORPORATE SECRETARY. MR. MELTZER IS A TRUSTEE OF HSI. JAMES DILL IS THE EXECUTIVE DIRECTOR OF HSI. MOLLY MATTIMORE IS THE DEPUTY EXECUTIVE DIRECTOR AND CORPORATE SECRETARY OF HSI. THE FOLLOWING ORGANIZATIONS ARE NOT CONSIDERED TO BE "RELATED ORGANIZATIONS" FOR REPORTING IN SCHEDULE R BUT ARE INDIRECTLY CONTROLLED BY HSI THROUGH ITS CONTROL OVER THE EXEMPT ORGANIZATION WHICH HAS DIRECT CONTROL AND OWNERSHIP: BEDFORD 203, LP, BEDFORD 203 GP, INC., AND KENMORE HOUSING CORPORATION. BEDFORD 203 HDFC, INC. DIRECTLY CONTROLS BEDFORD 203, LP AND BEDFORD 203 GP, INC. KENMORE HOUSING DEVELOPMENT FUND CORPORATION DIRECTLY CONTROLS KENMORE HOUSING CORPORATION.