2025-01-23T10:59:06-06:00 2024-09-30 454051133 FREED MAXICK PC 424 MAIN STREET SUITE 800 BUFFALO NY 142023508 990 2023-10-01 161560159 WS HOUSING DEVELOPMENT FUND CO INC WSHO 7168847791 2393 MAIN STREET BUFFALO NY 14214 AARON HEJMOWSKI CFO, MANAGING AGENT 7168847791 2025-01-21 1 1 MARY MADONIA P00405803 7168472651 2025-01-21 2023 2024-10-15 13:58:12Z SENECA WOODS APARTMENTS MICHAEL RIEGEL 2393 MAIN STREET BUFFALO NY 14214 371966 0 X N/A X 1998 NY TO PROVIDE HOUSING FOR ELDERLY PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS. 2 1 0 1 0 0 0 0 301759 366560 11 11 5297 5395 307067 371966 0 0 0 0 102849 90426 0 0 0 315675 316469 418524 406895 -111457 -34929 2451685 2371325 3977241 3931810 -1525556 -1560485 TO PROVIDE HOUSING FOR ELDERLY PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS. 0 0 382597 371955 THE COMPANY WAS ORGANIZED EXCLUSIVELY TO DEVELOP AND OPERATE A 50 UNIT MULTI-FAMILY HOUSING PROJECT. 382597 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 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 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 NY X X AARON HEJMOWSKI 7168847791 2393 MAIN STREET BUFFALO NY 14214 MICHAEL RIEGEL BOARD MEMBER/PRESIDENT & TREASURER 0.50 34.50 X X 0 196021 25080 HELEN RONAN BOARD MEMBER/SECRETARY 0.50 1.50 X X 0 0 0 AARON HEJMOWSKI CFO 0.50 34.50 X 0 148067 7470 0 344088 32550 0 0 1 0 0 TENANT RENTAL PAYMENT 531110 236428 236428 HUD TENANT ASSISTANCE 531110 130132 130132 366560 11 11 LAUNDRY 531110 5193 5193 MISCELLANEOUS 531110 167 167 TENANT CHARGES 531110 35 35 5395 371966 371955 0 11 77618 77618 8708 8708 4100 4100 27871 27871 675 675 16189 16189 3730 3730 4362 4362 117132 117132 20638 20638 MAINTENANCE CONTRACTS 43224 43224 CONTRACTED SERVICES 34166 34166 UTILITIES 26116 26116 REPAIRS AND MAINTENANCE 16830 16830 5536 1832 3704 406895 382597 24298 0 50 50 10402 27301 6920 1926 17053 17814 4679168 2487675 2302792 2191493 114468 132741 2451685 2371325 50706 4721 1179 1224 21056 21565 3904300 3904300 3977241 3931810 X -1525556 -1560485 -1525556 -1560485 2451685 2371325 -34929 0 X 0 1 X 0 1 1 X 298369 307072 302403 307056 371955 1586855 298369 307072 302403 307056 371955 1586855 0 0 0 1586855 66 16 15 11 11 119 66 16 15 11 11 119 298435 307088 302418 307067 371966 1586974 0.99990 0.99990 0.00010 0.00010 X 0 1 X 215000 215000 4313535 2349301 1964234 150633 138374 12259 2191493 RESERVES 111176 TENANT SECURITY DEPOSITS 21565 132741 X 371966 0 371966 0 371966 406895 0 406895 0 406895 PART IV, LINE 2B: TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE BANK ACCOUNT IN THE NAME OF THE PROJECT. INTEREST EARNED ON SUCH DEPOSITS IS PAID TO THE INDIVIDUAL TENANTS ON AN ANNUAL BASIS. PART X, LINE 2: THE COMPANY IS EXEMPT UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND SECTION 402 OF THE NEW YORK STATE NOT-FOR-PROFIT CORPORATION LAW, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. US GAAP PROVIDES GUIDANCE ON THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT FOR INCOME TAX POSITIONS THAT THE COMPANY HAS TAKEN OR EXPECTS TO TAKE IN THE COMPANY'S INCOME TAX RETURNS. ORGANIZATIONS TAKE MANY TAX POSITIONS RELATIVE TO TAX LAWS, INCLUDING THOSE TAKEN IN DETERMINING WHETHER TAX IS DUE, A REFUND IS OWED, A TAX RETURN NEEDS TO BE FILED, OR THE CHARACTERIZATION OF INCOME AS TAXABLE (FOR EXAMPLE, UNRELATED BUSINESS INCOME) OR NONTAXABLE. THE COMPANY HAS NOT RECORDED ANY LIABILITIES RELATING TO UNCERTAIN TAX POSITIONS. THE COMPANY FILES ITS RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX IN THE U.S. FEDERAL JURISDICTION AND ITS ANNUAL FILING OF CHARITABLE ORGANIZATIONS IN NEW YORK STATE. 0 0 0 0 0 0 0 0 0 MICHAEL RIEGEL BOARD MEMBER/PRESIDENT & TREASURER 0 196021 0 0 0 0 0 7776 0 17304 0 221101 0 0 AARON HEJMOWSKI CFO 0 148067 0 0 0 0 0 7470 0 0 0 155537 0 0 PART I, LINE 3 THE FILING ORGANIZATION HAS NO EMPLOYEES. ALL DAY TO DAY OPERATIONS ARE PERFORMED BY THE STAFF OF A RELATED ENTITY, BELMONT HOUSING RESOURCES FOR WNY, INC. BELMONT'S COMPENSATION PROGRAM IS DEVELOPED BY SENIOR MANAGEMENT, THE HUMAN RESOURCES MANAGER, AND AN EMPLOYEE BENEFITS AND COMPENSATION CONSULTING FIRM, AND REVIEWED BY THE HR AND COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMPENSATION PROGRAM APPLIES TO ALL STAFF, INCLUDING OFFICERS. IN ADDITION, ALL COMPENSATION OF OFFICERS IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION PROGRAM INCLUDED MARKET PRICING AND JOB SLOTTING WITHIN ESTABLISHED SALARY GRADES AND RANGES BASED ON INFORMATION PROVIDED BY THE INDEPENDENT CONSULTING FIRM. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. IT IS REVIEWED BY THE PRESIDENT OF THE BOARD OF DIRECTORS AND THE CHIEF FINANCIAL OFFICER OF THE ORGANIZATION BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. A COPY IS PROVIDED TO THE ENTIRE BOARD AT A LATER DATE. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION IS CURRENTLY REVIEWING THE FUTURE IMPLEMENTATION OF CONFLICT OF INTEREST, WHISTLEBLOWER AND DOCUMENT RETENTION POLICIES. HOWEVER, THE FILING ORGANIZATION HAS NO EMPLOYEES. ALL DAY TO DAY OPERATIONS ARE PERFORMED BY THE STAFF OF A RELATED ENTITY, BELMONT HOUSING RESOURCES FOR WNY, INC. BELMONT HAS IMPLEMENTED ALL THREE POLICIES. FORM 990, PART VI, SECTION B, LINE 15 THE FILING ORGANIZATION HAS NO EMPLOYEES. ALL DAY TO DAY OPERATIONS ARE PERFORMED BY THE STAFF OF A RELATED ENTITY, BELMONT HOUSING RESOURCES FOR WNY, INC. BELMONT'S COMPENSATION PROGRAM IS DEVELOPED BY SENIOR MANAGEMENT, THE HUMAN RESOURCES MANAGER, AND AN EMPLOYEE BENEFITS AND COMPENSATION CONSULTING FIRM, AND REVIEWED BY THE HR AND COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMPENSATION PROGRAM APPLIES TO ALL STAFF, INCLUDING OFFICERS. IN ADDITION, ALL COMPENSATION OF OFFICERS IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION PROGRAM INCLUDED MARKET PRICING AND JOB SLOTTING WITHIN ESTABLISHED SALARY GRADES AND RANGES BASED ON INFORMATION PROVIDED BY THE INDEPENDENT CONSULTING FIRM. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, A COPY CAN BE FOUND AT GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, INTERNAL POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE #2C THE AUDIT OVERSIGHT PROCESS AND THE INDEPENDENT ACCOUNTANT SELECTION PROCESS HAVE NOT CHANGED FROM THE PRIOR YEAR. BELMONT HOUSING RESOURCES FOR WNY INC 2393 MAIN STREET BUFFALO NY 14214 161080227 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY 501 (C)(3) 10 BELMONT HOUSING RESOURCES FOR WNY INC 0 LANCASTER HOUSING DEVELOPMENT FUND CO INC 2393 MAIN STREET BUFFALO NY 14214 161299762 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY 501 (C)(3) 10 BELMONT HOUSING RESOURCES FOR WNY INC 0 BIL HOUSING DEVELOPMENT FUND CO INC 2393 MAIN STREET BUFFALO NY 14214 223102837 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY 501 (C)(3) 10 BELMONT HOUSING RESOURCES FOR WNY INC 0 NEW OPPORTUNITIES HOUSING DEVELOPMENT FUND CO INC 2393 MAIN STREET BUFFALO NY 14214 161321037 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY 501 (C)(3) 10 BELMONT HOUSING RESOURCES FOR WNY INC 0 ATTICA HOUSING DEVELOPMENT FUND CO INC 2393 MAIN STREET BUFFALO NY 14214 161462239 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY 501 (C)(3) 10 BELMONT HOUSING RESOURCES FOR WNY INC 0 NIAGARA VILLAGE HOUSING DEVELOPMENT FUND COMPANY INC 2393 MAIN STREET BUFFALO NY 14214 161492032 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY 501 (C)(3) 10 BELMONT HOUSING RESOURCES FOR WNY INC 0 ISLANDVIEW HOUSING DEVELOPMENT FUND CO INC 2393 MAIN STREET BUFFALO NY 14214 222642884 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY 501 (C)(3) 10 BELMONT HOUSING RESOURCES FOR WNY INC 0 BROCTON HOUSING DEVELOPMENT FUND CO INC 2393 MAIN STREET BUFFALO NY 14214 222370094 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY 501 (C)(3) 10 BELMONT HOUSING RESOURCES FOR WNY INC 0 TB HOUSING DEVELOPMENT FUND COMPANY INC 2393 MAIN STREET BUFFALO NY 14214 455562018 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY 501 (C)(3) 10 BELMONT HOUSING RESOURCES FOR WNY INC 0 BUFFALO MERCY HOUSING DEVELOPMENT FUND COINC 2393 MAIN STREET BUFFALO NY 14214 222810656 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY 501 (C)(3) 10 BELMONT HOUSING RESOURCES FOR WNY INC 0 CAMBRIA COMMONS LIMITED PARTNERSHIP 2393 MAIN STREET BUFFALO NY 14214 161339171 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 LANCASTER LIMITED PARTNERSHIP 2393 MAIN STREET BUFFALO NY 14214 161320283 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 COLONY RUN TOWNHOUSE LP 2393 MAIN STREET BUFFALO NY 14214 161484399 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 WOODLAND PLACE APARTMENTS LP 2393 MAIN STREET BUFFALO NY 14214 161592227 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 SOUTHWIND LANDING APARTMENTS LP 2393 MAIN STREET BUFFALO NY 14214 050566024 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 EAST SIDE HOUSING LP 2393 MAIN STREET BUFFALO NY 14214 203523141 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 SHAWNEE LANDING TOWNHOUSES LP 2393 MAIN STREET BUFFALO NY 14214 205710117 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 ARTSPACE AFFORDABLE HOUSING I LP 2393 MAIN STREET BUFFALO NY 14214 352248133 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 TRUE BETHEL TOWNHOMES MM LLC 2393 MAIN STREET BUFFALO NY 14214 455512268 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 TRUE BETHEL TOWNHOMES LLC 2393 MAIN STREET BUFFALO NY 14214 900859505 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 BELMONT ARTSPACE LLC 2393 MAIN STREET BUFFALO NY 14214 834456714 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 BELLAMY COMMONS LLC 2393 MAIN STREET BUFFALO NY 14214 471070694 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 ELIM TOWNHOMES MM LLC 2393 MAIN STREET BUFFALO NY 14214 831087147 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 ELIM TOWNHOMES LLC 2393 MAIN STREET BUFFALO NY 14214 371903285 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 ALBERTA PLACE LLC 2393 MAIN STREET BUFFALO NY 14214 841907313 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 ALBERTA PLACE MM LLC 2393 MAIN STREET BUFFALO NY 14214 842898826 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A 0 0 ATTICA COLONY INC 2393 MAIN STREET BUFFALO NY 14214 161484793 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A C 0 WOODLAND GENERAL INC 2393 MAIN STREET BUFFALO NY 14214 161592226 PROVIDE AFFORDABLE HOUSING OPPORTUNITIES NY N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0