2024-03-15T20:47:30-05:00 2023-09-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2022-10-01 061019012 FEDERATION HOMES INC FEDE 8603251700 CO VESTA 175 POWDER FOREST DR WEATOGUE CT 06089 JONATHAN REINER EXECUTIVE DIRECTOR 8602432535 2024-02-20 1 JONATHAN REINER 999009999 1 BRIAN CRISCIO P00642147 9592007000 2024-02-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JONATHAN E REINER 156 WINTONBURY AVENUE BLOOMFIELD CT 06002 1963898 0 X FEDERATIONHOMES.ORG X 1978 CT THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY. 13 12 4 13 0 0 1448098 1444464 500281 518360 105 198 25 876 1948509 1963898 0 0 0 0 546809 558231 0 0 0 1164807 1272769 1711616 1831000 236893 132898 2590440 2671687 4132773 4081122 -1542333 -1409435 X THE GOAL OF FEDERATION HOMES IS TO PROVIDE A SAFE, SECURE HOME WITH SUPPORTIVE STAFF; TO PROMOTE INDEPENDENCE; AND TO OFFER A DIVERSIFIED EDUCATIONAL, CULTURAL, AND SOCIAL CALENDAR OF ACTIVITIES AND PROGRAMS TO ENHANCE QUALITY OF LIFE FOR OUR RESIDENTS. OUR MISSION IS TO SUPPORT OUR RESIDENTS' DESIRE TO REMAIN IN THE COMMUNITY FOR AS LONG AS POSSIBLE. 0 0 1696254 519236 RENTAL OF HOUSING FACILITIES TO ELDERLY & HANDICAPPED PERSONS ON A NON-PROFIT BASIS. 1696254 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 CT X VESTA MANAGEMENT CORPORATION 8603251700 175 POWDER FOREST DR STE 201 WEATOGUE CT 06089 BRENDA P DELGADO CHAIR 1.00 X X 0 0 0 BYRON LESTER DIRECTOR 1.00 X 0 0 0 CARL MANDELL DIRECTOR 1.00 X 0 0 0 DAVID GINDEN PRESIDENT 1.00 X X 0 0 0 DEBRA ROSEN DIRECTOR 1.00 X 0 0 0 JACQUELINE ISAACSON DIRECTOR 1.00 X 0 0 0 JANE URBAN IST VICE PRESIDENT 1.00 X X 0 0 0 JONATHAN REINER SECRETARY/EXECUTIVE DIRECTOR 40.00 X X 132165 0 10623 MILDRED SHAW DIRECTOR 1.00 X 0 0 0 RICHARD WELK 2ND VICE PRESIDENT 1.00 X X 0 0 0 STEVEN ZELMAN DIRECTOR 1.00 X 0 0 0 SUZETTE DEBEATHAM-BROWN DIRECTOR 1.00 X 0 0 0 TAMMI KRAUSHAAR DIRECTOR 1.00 X 0 0 0 132165 0 10623 1 0 0 0 0 1443964 500 1444464 RENTAL INCOME 531110 518360 518360 518360 198 198 876 876 876 1963898 519236 0 198 147158 147158 306531 306531 6390 6390 54800 54800 43352 43352 110260 110260 67920 67920 24486 24486 16751 16751 14030 14030 76816 76816 351393 351393 155060 155060 192820 192820 72992 72992 REPAIRS & MAINTENANCE 190191 190191 PERMITS & TAXES 50 50 1831000 1696254 134746 0 86226 149969 58083 59696 20691 30655 9156325 7402478 1792216 1753847 633224 677520 2590440 2671687 121717 222510 3964197 3812972 46859 45640 4132773 4081122 X -1542333 -1409435 -1542333 -1409435 2590440 2671687 132898 0 X 0 1 X 1 1 1 X 1365523 1403331 1453254 1448098 1444464 7114670 1365523 1403331 1453254 1448098 1444464 7114670 7114670 357 283 138 105 198 1081 76 87 25 876 1064 7116815 2317109 0.99970 0.99960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 76. 2020 AMOUNT: $ 87. 2021 AMOUNT: $ 25. 2022 AMOUNT: $ 876. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 40649 500 40149 1 X 200127 200127 8382773 6879532 1503241 573425 522946 50479 1753847 MORTGAGE ESCROW DEPOSIT 128532 RESERVE FOR REPLACEMENT & RESIDUAL RECEIPTS 507305 TENANT SECURITY DEPOSIT 41683 677520 RESIDENT SECURITY DEPOSIT 40149 PREPAID REVENUE 5366 MISC. CURRENT LIABILITIES 125 45640 X 1963898 0 1963898 0 1963898 1831000 0 1831000 0 1831000 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FOR RENTED UNITS PART X, LINE 2: THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED SEPTEMBER 30, 2023. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2022, 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 FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2019 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENGAGES A REAL ESTATE PROPERTY MANAGEMENT COMPANY (VESTA MANAGEMENT CORPORATION) TO MANAGE THE PHYSICAL PROPERTY AND TO PERFORM BOOKKEEPING SERVICES. ADDITIONALLY THE BOARD HIRES AN EXECUTIVE DIRECTOR INDEPENDENT OF THE MANAGEMENT COMPANY WHO ALONG WITH HIS STAFF (ALSO INDEPENDENT OF THE MANAGEMENT COMPANY), SUPERVISES THE DAY TO DAY OPERATIONS OF THE SITE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY BOTH THE MANAGEMENT AGENT AND THE EXECUTIVE DIRECTOR AND THE 1ST VICE PRESIDENT/CHAIR OF THE FINANCE COMMITTEE PRIOR TO FILING. ADDITIONALLY A COPY IS DISTRIBUTED TO ALL MEMBERS OF THE EXECUTIVE AND FINANCE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, EMPLOYEE AND VOLUNTEER SHALL BE PROVIDED WITH AND ASKED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. ANNUALLY EACH DIRECTOR, OFFICER, EMPLOYEE AND VOLUNTEER SHALL COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH S/HE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. THIS POLICY SHALL BE REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED TO ALL STAFF AND VOLUNTEERS. FORM 990, PART VI, SECTION B, LINE 15A THE RESPONSIBILITIES OF THE TOP FINANCIAL MANAGER ARE ACCOMPLISHED THROUGH THE ENGAGEMENT OF A PROPERTY MANAGEMENT AGENT WHOSE FEE MUST BE APPROVED BY THE US DEPT OF HUD. THE SALARY OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE ANNUALLY AS PART OF THE BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.