2025-05-29T11:48:19-05:00 2024-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 66 HUDSON BLVD E SUITE 2200 NEW YORK NY 10001 990 2023-10-01 061019012 FEDERATION HOMES INC FEDE 8603251700 CO VESTA 175 POWDER FOREST DR WEATOGUE CT 06089 JONATHAN E REINER EXECUTIVE DIRECTOR 8603251700 2025-05-19 1 1 MARY-EVELYN ANTONETTI P00431862 2126976900 2025-05-19 2023 2025-03-06 01:10:19Z JONATHAN E REINER 156 WINTONBURY AVENUE BLOOMFIELD CT 06002 2414358 0 X FEDERATIONHOMES.ORG X 1978 CT THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY. 13 13 4 13 0 0 1444464 1904531 518360 509524 198 303 876 0 1963898 2414358 0 3698 0 0 558231 583983 0 0 0 1272769 1415703 1831000 2003384 132898 410974 2671687 3394946 4081122 4118066 -1409435 -723120 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. (SEE SCHEDULE O) OUR MISSION IS TO SUPPORT OUR RESIDENTS' DESIRE TO REMAIN IN THE COMMUNITY FOR AS LONG AS POSSIBLE. 0 0 1839119 3698 509524 RENTAL OF HOUSING FACILITIES TO ELDERLY AND HANDICAPPED PERSONS ON A NON-PROFIT BASIS. 1839119 1 1 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 0 0 0 0 1 22 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 0 0 CT X VESTA MANAGEMENT CORPORATION 8603251700 175 POWDER FOREST DR STE 201 WEATOGUE CT 06089 BYRON LESTER PRESIDENT 1.00 X X 0 0 0 DAVID GINDEN CHAIR 1.00 X X 0 0 0 DEBRA ROSEN DIRECTOR 1.00 X 0 0 0 JACQUELINE ISAACSON FIRST VICE PRESIDENT 1.00 X X 0 0 0 MILDRED SHAW DIRECTOR 1.00 X 0 0 0 STEVEN ZELMAN DIRECTOR 1.00 X 0 0 0 SUZETTE DEBEATHAM-BROWN 2ND VICE PRESIDENT 1.00 X X 0 0 0 TAMMI KRAUSHAAR DIRECTOR 1.00 X 0 0 0 STEPHANIE CALHOUN DIRECTOR 1.00 X 0 0 0 REV DARRELL GOODWIN DIRECTOR 1.00 X 0 0 0 LINDA HOWELL DIRECTOR 1.00 X 0 0 0 LEON RIVERS DIRECTOR 1.00 X 0 0 0 JAN ROSENTHAL DIRECTOR 1.00 X 0 0 0 JONATHAN REINER SECRETARY/EXECUTIVE DIRECTOR 40.00 X 138219 0 17045 138219 0 17045 1 0 1 0 0 1897691 6840 1904531 RENTAL INCOME 531110 507850 507850 TENANT CHARGES 531110 1674 1674 509524 303 303 2414358 509524 0 303 3698 3698 159939 159939 320952 320952 6462 6462 59089 59089 37541 37541 141260 141260 33001 9996 23005 143343 143343 17057 17057 76795 76795 399438 399438 2202 2202 136201 136201 189559 189559 122397 122397 CAPITAL - APPLIANCES 77081 77081 OPERATING & MAINTENANCE 26923 26923 50446 50446 2003384 1839119 164265 0 149969 319062 59696 56512 30655 32916 9563824 7316696 1753847 2247128 677520 739328 2671687 3394946 222510 412804 0 8689 45640 40287 3812972 3656286 4081122 4118066 X -1409435 -723120 -1409435 -723120 2671687 3394946 410974 275341 0 X X 0 1 X 1 1 1 X 1403331 1453254 1448098 1444464 1904531 7653678 1403331 1453254 1448098 1444464 1904531 7653678 7653678 283 138 105 198 303 1027 76 87 25 876 1064 7655769 2395081 0.99970 0.99970 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. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 200127 200127 8676272 6781023 1895249 573425 535673 37752 114000 114000 2247128 MORTGAGE ESCROW DEPOSIT 135941 RESERVE FOR REPLACEMENT & RESIDUAL RECEIPTS 561695 TENANT SECURITY DEPOSIT 41692 739328 X 2414358 0 2414358 0 2414358 2003384 0 2003384 0 2003384 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, 2024. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION WOULD ONLY BE SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. 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. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE INFORMATIONAL RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES WHICH ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF SEPTEMBER 30, 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 FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 JONATHAN REINER SECRETARY/EXECUTIVE DIRECTOR 138219 0 0 0 0 0 5381 0 11664 0 155264 0 0 0 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. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED.