2025-04-24T10:17:16-05:00 2024-09-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2023-10-01 135563411 THE WEBSTER APARTMENTS WEBS 2129679000 PO BOX 120 CONGERS NY 10920 SIOBHAN MCMANUS EXECUTIVE DIRECTOR 2129679000 2025-04-23 1 1 GARRETT M HIGGINS P00543209 2122862600 2025-04-23 2023 2025-03-06 01:10:19Z SIOBHAN MCMANUS PO BOX 120 CONGERS NY 10920 1972963 0 X WWW.WEBSTERAPARTMENTS.ORG X 1916 NY TO PROVIDE SAFE, AFFORDABLE SHORT-TERM ACCOMMODATIONS FOR WOMEN WORKING, TRAINING AND/OR STUDYING IN NEW YORK CITY. 8 8 31 9 0 0 25502 500 2072872 1525637 43908538 446826 -461 0 46006451 1972963 0 0 0 0 1976611 1007234 0 0 0 2754950 2897341 4731561 3904575 41274890 -1931612 57403004 54988528 2381014 1767766 55021990 53220762 X TO PROVIDE SAFE, AFFORDABLE SHORT-TERM ACCOMMODATIONS SPECIFICALLY FOR WOMEN WORKING, TRAINING, AND/OR STUDYING IN NEW YORK CITY. THE WEBSTER PROMOTES A HEALTHY WELCOMING ENVIRONMENT, PROVIDING NUTRITIOUS MEALS, COMFORTABLE SURROUNDINGS, AND THE OPPORTUNITY TO CONNECT WITH OTHERS. 0 0 2685278 0 1525637 THE WEBSTER APARTMENTS OFFERS SAFE AND AFFORDABLE ACCOMMODATIONS SPECIFICALLY FOR WOMEN WHO ARE WORKING, STUDYING, INTERNING, OR TRAINING IN NEW YORK CITY. ONLY WOMEN WHO ARE WORKING FULL-TIME, ENROLLED IN AN UNDERGRADUATE OR GRADUATE PROGRAM AT A COLLEGE OR UNIVERSITY, TRADE, TECHNICAL OR OTHER SCHOOL PROGRAM; OR ARE WORKING FOR AN INTERNSHIP, TRAINEESHIP, FELLOWSHIP, OR CLERKSHIP ARE ELIGIBLE TENANTS OF THE APARTMENTS. DURING FISCAL YEAR 2022 THE ORGANIZATION ENTERED INTO A CONTRACT TO SELL ITS 13-STORY APARTMENT BUILDING, AND SECURED A TWO-YEAR LEASE FOR A 48-ROOM PREMESIS IN MANHATTAN FOR USE AND OCCUPANCY BY PARTICIPANTS IN ITS PROGRAMS STARTING IN MARCH 2023. A NEW BUILDING, LOCATED AT 229 DUFFIELD ST. IN BROOKLYN, NY WAS PURCHASED AND IS CURRENTLY UNDERGOING RENOVATIONS. WE EXPECT TO WELCOME GUESTS TO THE NEW LOCATION IN MAY, 2025. 2685278 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 0 0 0 0 1 48 0 31 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X LYUDMILA MANN 2129679000 PO BOX 120 CONGERS NY 10920 ROY J BERNSTEIN PRESIDENT 3.00 X X 0 0 0 STEVEN GYORY VICE PRESIDENT 1.00 X X 0 0 0 ANNETTE CLEARWATERS TREASURER 1.00 X X 0 0 0 ANDREW S BLATT SECRETARY 1.00 X X 0 0 0 GEORGE CURTIS DIRECTOR 1.00 X 0 0 0 ELIZABETH H GAMBEE DIRECTOR - THRU 01/2024 1.00 X 0 0 0 DANIELLE LESSER DIRECTOR 1.00 X 0 0 0 KATHRYN R STOKES DIRECTOR 1.00 X 0 0 0 KATHLEEN WOODRUFF DIRECTOR 1.00 X 0 0 0 SIOBHAN MCMANUS EXECUTIVE DIRECTOR 40.00 X 314266 0 43822 JOHN A RICH DIRECTOR OF FACILITIES 40.00 X 150853 0 29194 TARA SCOTT DIRECTOR GUEST SERVICES 40.00 X 153263 0 27349 ROBERT N METCALFE - FORMER DIRECTOR OF SECURITY & HR 0.00 X 147023 0 12232 765405 0 112597 4 1 1 0 VENABLE LLP PO BOX 62727 BALTIMORE MD 21264 LEGAL SERVICES 407643 INDRANIE SANICHAR 69 HINDSDALE AVENUE FLORAL PARK NY 11001 IT CONSULTING 108903 2 500 500 ROOM AND BOARD 721310 1464490 1464490 OTHER TENANT INCOME 721000 61147 61147 1525637 446826 446826 1972963 1525637 0 446826 346024 346024 464774 388307 76467 67170 31466 35704 76064 45876 30188 53202 31521 21681 47891 47891 69925 69925 40135 40135 51713 51713 61959 61959 80036 30251 49785 134992 15196 119796 1729741 1503447 226294 6592 1885 4707 50944 4856 46088 48696 48696 REPAIRS & MAINTENANCE 568100 568100 OTHER EXPENSES 5534 1581 3953 CLEANING & LAUNDRY 533 533 TRAINING AND DEVELOPMEN 350 100 250 200 200 3904575 2685278 1219297 0 545495 237263 11367661 3273745 40545 37383 289254 320604 50605370 53293 43385133 50552077 11335 3778 1763581 563678 57403004 54988528 445734 1144629 129275 86850 1806005 536287 2381014 1767766 X 55021990 53220762 55021990 53220762 57403004 54988528 X -1931612 130384 X X 0 1 X 1 0 X 10750 1253905 847365 25502 500 2138022 4966496 2525826 5722748 2072872 1525637 16813579 4977246 3779731 6570113 2098374 1526137 18951601 8750 2550 11300 0 8750 2550 11300 18940301 128492 4924 27381 481461 446826 1089084 128492 4924 27381 481461 446826 1089084 35885 35885 5141623 3784655 6597494 2579835 1972963 20076570 0.94340 0.96210 0.05420 0.03610 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: REIMB OF PROPERTY DAMAGE - 2019 AMOUNT: $ 25,000. OTHER INCOME - 2019 AMOUNT: $ 10,885. 50259701 50259701 274615 53293 221322 71054 71054 50552077 LEASE LIABILITY 536287 536287 X 2103347 130384 130384 1972963 0 1972963 3864440 0 3864440 40135 40135 3904575 PART X, LINE 2: THE CORPORATION RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION IN ITS FINANCIAL STATEMENTS ONLY IF IT IS MORE-LIKELY-THAN-NOT (I.E., A LIKELIHOOD OF MORE THAN 50%) THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT BELIEVES THE CORPORATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2024. THE CORPORATION'S TAX RETURNS FOR ALL YEARS SINCE FISCAL 2021 REMAIN OPEN TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES. THERE ARE CURRENTLY NO TAX EXAMINATIONS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PENSION INCOME, NET 130,384. X 1 1 X X X 1 0 0 0 0 0 0 1 0 SIOBHAN MCMANUS EXECUTIVE DIRECTOR 244476 0 55000 0 14790 0 39531 0 4291 0 358088 0 0 0 TARA SCOTT DIRECTOR GUEST SERVICES 123035 0 30000 0 228 0 18364 0 8985 0 180612 0 0 0 JOHN A RICH DIRECTOR OF FACILITIES 120505 0 30000 0 348 0 14448 0 14746 0 180047 0 0 0 ROBERT N METCALFE - FORMER DIRECTOR OF SECURITY & HR 94503 0 0 0 52520 0 11340 0 892 0 159255 0 0 0 PART I, LINE 1A GROSS UP PAYMENTS: SOME STAFF MEMBERS WAIVE MEDICAL BENEFITS BECAUSE THEY ARE COVERED UNDER A SPOUSE'S OR OTHER FAMILY MEMBER'S POLICY. IF THE EMPLOYEE SUBSEQUENTLY LOSES THAT COVERAGE, THEY ARE GIVEN THE OPTION OF ACCEPTING COMPANY BENEFITS OR HAVING SOME OR ALL OF THE COST OF THEIR REPLACEMENT COVERAGE REIMBURSED THROUGH A GROSS UP PAYMENT THROUGH PAYROLL THAT IS TAXABLE TO THE EMPLOYEE. THIS IS PERMISSIBLE AS LONG AS THE COST TO THE ORGANIZATION DOES NOT EXCEED WHAT IT WOULD COST TO PROVIDE SIMILAR BENEFITS THROUGH A COMPANY SPONSORED PLAN. PART I, LINE 4A ROBERT N. METCALFE RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $39,888. PART I, LINE 7 THE ORGANIZATION PAID BONUS COMPENSATION TO INDIVIDUALS REPORTED IN PART VII AND SCHEDULE J, PART II. THIS COMPENSATION IS INCLUDED IN THEIR REPORTABLE COMPENSATION AND WAS APPROVED BY THE COMPENSATION COMMITTEE AND THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY A PROFESSIONAL ACCOUNTING FIRM. THE 990 IS FIRST REVIEWED BY THE ORGANIZATION'S FINANCIAL CONSULTANT AND SUBSEQUENTLY REVIEWED BY THE EXECUTIVE DIRECTOR AND THE FINANCE COMMITTEE. IT IS THEN DISTRIBUTED VIA EMAIL TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO ALL BOARD MEMBERS, OFFICERS AND EMPLOYEES. ALL APPLICABLE INDIVIDUALS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST AGREEMENT ANNUALLY, DISCLOSING ANY POSSIBLE CONFLICT OF INTEREST AND ARE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS. AFTER DISCLOSURE, THE INTERESTED PERSON LEAVES THE BOARD OF DIRECTORS MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OF DIRECTORS DECIDE IF A CONFLICT EXISTS. THE INTERESTED PERSON IS NOT ELIGIBLE TO VOTE ON MATTERS DIRECTLY PERTAINING TO THE BUSINESS TO BE TRANSACTED. DISCUSSIONS PERTAINING TO CONFLICT OF INTERESTS ARE DOCUMENTED IN THE MINUTES OF THE BOARD OF DIRECTORS MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF DIRECTORS, RECOMMENDS COMPENSATION INCREASES FOR THE EXECUTIVE DIRECTOR. THESE RECOMMENDATIONS ARE SUBMITTED TO THE BOARD FOR APPROVAL EACH YEAR AND ARE DOCUMENTED IN THE MEETING MINUTES. THE COMPENSATION COMMITTEE USES COMPARABLE DATA, INCLUDING FORM 990S OF OTHER ORGANIZATIONS, TO DETERMINE THE APPROPRIATE LEVEL OF COMPENSATION. 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 FORM 990 IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: ACCRUED PENSION COSTS 130,384. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.