PECONIC LANDING AT SOUTHOLD INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- PECONIC LANDING AT SOUTHOLD INC (EIN 11-3277669)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-10-11
- IRS object ID
- 201932849349301013
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-10-11T14:49:19-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 105281633 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 113277669 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PECONIC LANDING AT SOUTHOLD INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PECO | BusinessNameControlTxt |
| Phone | 6314773800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 BRECKNOCK ROAD | AddressLine1Txt |
| City | GREENPORT | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11944 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT SYRON | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 6314773800 | PhoneNum |
| Signature | 2019-10-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARRETT M HIGGINS | PreparerPersonNm |
| PTIN | P00543209 | PTIN |
| Phone | 9143818900 | PhoneNum |
| Preparation | 2019-10-11 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 65.51.112.58 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-10-11 | IPDt |
| IP Tm | 14:49:15 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 9616F4B14A694591D1E716C270910E6FA5556DA3 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROBERT SYRON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 BRECKNOCK ROAD | AddressLine1Txt |
| City | GREENPORT | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11944 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $40,439,845 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 4305 | GroupExemptionNum |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PECONICLANDING.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1994 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | PECONIC LANDING STRIVES TO BE A PREEMINENT SENIOR SERVICES PROVIDER. GUIDED BY OUR CORE VALUES, AND PHILOSOPHY OF INNOVATION, WE ARE COMMITTED TO WORK IN PARTNERSHIP WITH ALL TO ACHIEVE OUR VISION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 385 | TotalEmployeeCnt |
| Total Volunteers | 134 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,587,572 | PYContributionsGrantsAmt |
| CY Contributions Grants | $818,008 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $24,603,113 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $25,164,185 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,338,930 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,275,321 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,965,140 | PYOtherRevenueAmt |
| CY Other Revenue | $2,256,891 | CYOtherRevenueAmt |
| PY Total Revenue | $29,494,755 | PYTotalRevenueAmt |
| CY Total Revenue | $29,514,405 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $55,188 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $25,865 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $16,779,204 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $17,397,086 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $96,721 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $14,508,716 | PYOtherExpensesAmt |
| CY Other Expenses | $14,363,505 | CYOtherExpensesAmt |
| PY Total Expenses | $31,343,108 | PYTotalExpensesAmt |
| CY Total Expenses | $31,786,456 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,848,353 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,272,051 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $147,264,913 | TotalAssetsBOYAmt |
| Total Assets EOY | $150,098,466 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $181,559,213 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $188,081,437 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$34,294,300 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$37,982,971 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | PECONIC LANDING STRIVES TO BE ONE OF THE PREEMINENT CONTINUING CARE RETIREMENT COMMUNITIES IN THE UNITED STATES. WE ARE ACHIEVING OUR GOALS BY OPERATING AS A PARTNERSHIP WITH RESIDENTS, BOARD OF TRUSTEES, MANAGEMENT AND STAFF. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $25,415,456 | ExpenseAmt |
| Grant | $25,865 | GrantAmt |
| Revenue | $25,164,185 | RevenueAmt |
| Desc | PECONIC LANDING, WE STRIVE TO BRING TOGETHER INDIVIDUALS OF ALL AGES AND ABILITIES BY SERVING AS A VIBRANT COMMUNITY CENTER AND CULTURAL ARTS HUB FOR THE EAST END. THROUGH OUR INNOVATIVE SOCIAL ACCOUNTABILITY PROGRAM, INDIVIDUALS CAN IMMERSE THEMSELVES IN A GREAT VARIETY OF CULTURAL, EDUCATIONAL, WELLNESS, AND HELPFUL OPPORTUNITIES AVAILABLE FREE TO THE PUBLIC THAT ARE DESIGNED TO INSPIRE AND ENGAGE. EACH EVENT IS HOSTED WITH THE PURPOSE OF ENRICHING THE LIVES OF THOSE WHO TAKE PART. OUR COMMUNITY DOES THIS WITH ONE COMMON GOAL IN MIND: TO MAKE A POSITIVE, MEASURABLE IMPACT, IMPROVING QUALITY OF LIFE FOR THOSE WHO WORK AND LIVE ON THE EAST END.(CONTINUED ON SCHEDULE O)THE FOLLOWING EVENTS TOOK PLACE IN 2018 FOR THE RESIDENTS OF PECONIC LANDING:*13TH ANNUAL JOHN MAY MILE & 5K RACE (TO SUPPORT THE GREENPORT FIRE DEPARTMENT)FOR THE 13TH YEAR, PECONIC LANDING CELEBRATED OLDER AMERICAN'S MONTH WITH OUR ANNUAL JOHN MAY MILE AND 5K RACE. WITH OVER 600 PARTICIPANTS, 100 LOCAL SPONSORS AND 200 VOLUNTEERS, THE EVENT RAISED $20,715 TO BENEFIT THE GREENPORT FIRE DEPARTMENT. OVER $259,715 HAS BEEN DONATED TO THE LOCAL FIRE DEPARTMENT OVER THE 13 YEAR HISTORY OF THE EVENT.*BRECKNOCK HALL ANNUAL VETERAN'S DAY WEDDING GIVEBACKFOR THE NINTH CONSECUTIVE YEAR, PECONIC LANDING WORKED WITH AREA BUSINESSES TO PROVIDE A WEDDING AT BRECKNOCK HALL FREE OF CHARGE TO A BRIDE AND GROOM (AT LEAST ONE OF WHICH) HAS SERVED OR IS IN ACTIVE DUTY IN THE US ARMED FORCES, KNOWN AS THE ANNUAL VETERANS DAY WEDDING GIVEBACK. THE COUPLE WAS SELECTED BY A PANEL OF PECONIC LANDING MEMBERS, FORMERLY CONNECTED WITH THE MILITARY. THE LUCKY COUPLE ENJOYED AN ALL-EXPENSES PAID WEDDING FOR 80 GUESTS DUE TO THE GENEROSITY OF PECONIC LANDING AND 30 LOCAL VENDORS. | Desc |
| Total Program Service Expenses | $25,415,456 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 18 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 385 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT SYRON | PersonNm |
| Phone | 6314773800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 BRECKNOCK ROAD | AddressLine1Txt |
| City | GREENPORT | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11944 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| SANDRA NOVICK | |||||||||
| CHAIRPERSON | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| PAUL J CONNOR | |||||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| EDWARD WELLINGTON WEBB II | |||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | 1.00 | ||
| GREGORY FERRARIS | |||||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ROBERT SYRON | |||||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | Yes (X) | $439,287 | $0 | $83,300 | 5.00 | ||
| ROSAMOND BAIZ | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| REBECCA A CHAPMAN | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT GOLDMAN | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | 1.00 | |||
| CAROL HANCE | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| THOMAS MCCARTHY | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | 1.00 | |||
| THOMAS DOOLAN | |||||||||
| BOARD MEMBER (THRU 12/2018) | 1.00 | Yes (X) | $0 | $0 | $0 | 2.00 | |||
| DONALD T RUSSO | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | 2.00 | |||
| CLAUDIA WARD | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| EILLEN MCGUIRE | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAUL MAY | |||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| STEVEN CARROLL | |||||||||
| CFO (THRU 05/2018) | 40.00 | Yes (X) | $151,473 | $0 | $35,595 | 4.00 | |||
| LISA QUINN | |||||||||
| DIRECTOR OF FINANCE | 40.00 | Yes (X) | $117,610 | $0 | $51,448 | 4.00 | |||
| GREGORY GARRETT | |||||||||
| EXECUTIVE VP - ADM. HEALTH | 40.00 | $247,590 | $0 | $71,987 | 4.00 | Yes (X) | |||
| PATRICIA LUTZKY | |||||||||
| V.P. RESIDENT SERVICES | 40.00 | $175,774 | $0 | $42,244 | Yes (X) | ||||
| DARRYL VOLINSKI | |||||||||
| DIR. OF ENVIRON. SERVICES | 40.00 | $191,311 | $0 | $52,557 | Yes (X) | ||||
| WILLIAM BJORNHOLM | |||||||||
| DIR. OF FINE DINING | 40.00 | $153,414 | $0 | $45,835 | Yes (X) | ||||
| JANE WILLSEY | |||||||||
| DIRECTOR OF HUMAN RESOURCES | 40.00 | $146,110 | $0 | $46,482 | Yes (X) | ||||
| LAURELLE CASSONE | |||||||||
| DIRECTOR OF MARKETING | 40.00 | $129,057 | $0 | $52,987 | Yes (X) | ||||
| DIANE BIANCULLI | |||||||||
| NURSE PRACTITIONER | 40.00 | $123,061 | $0 | $20,497 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,874,687 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $502,932 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 15 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SODEXO INC & AFFILIATES | |||||
| PO BOX 536922 | ATLANTA | GA | 303536922 | FOOD MANAGEMENT SERVICES | $1,273,991 |
| LOWE'S | |||||
| PO BOX 520954 | ATLANTA | GA | 303530954 | CONSTRUCTION SERVICES | $1,203,218 |
| GEORGE'S PAINTING INC | |||||
| PO BOX 229 | PECONIC | NY | 11958 | PAINTING SERVICES | $265,565 |
| RESCOMM PHC INC | |||||
| 5925 SOUND AVENUE | RIVERHEAD | NY | 11901 | PLUMBING AND REPAIR SERVICES | $239,926 |
| RATSEY CONSTRUCTION | |||||
| 67875 MAIN STREET | GREENPORT | NY | 11944 | CONSTRUCTION SERVICES | $131,836 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $20,715 | FundraisingAmt |
| All Other Contributions | $797,293 | AllOtherContributionsAmt |
| Total Contributions | $818,008 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PRIVATE PATIENT REVENUE | 623000 | $19,480,344 | $19,480,344 |
| MEDICARE REVENUE | 623000 | $2,298,193 | $2,298,193 |
| ENRICHED HOUSING TRANSFER | 900099 | $2,214,763 | $2,214,763 |
| RENTAL REVENUE | 531110 | $733,275 | $733,275 |
| MEDICAID REVENUE | 623000 | $437,610 | $437,610 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $25,164,185 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $688,395 | TotalRevenueColumnAmt |
| Exclusion | $688,395 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $189,187 | TotalRevenueColumnAmt |
| Exclusion | $189,187 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $38,246 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $38,246 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $38,246 | TotalRevenueColumnAmt |
| Exclusion | $38,246 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $11,323,179 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,925,440 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $397,739 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $397,739 | TotalRevenueColumnAmt |
| Exclusion | $397,739 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $20,715 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| REMARKETING FEE | 900099 | $1,368,912 | $1,368,912 |
| LATE FEES | 900099 | $279,950 | $279,950 |
| GUEST ROOM + MEALS | 900099 | $169,013 | $169,013 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $400,770 | TotalRevenueColumnAmt |
| Exclusion | $400,770 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,218,645 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $29,514,405 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $25,164,185 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,532,212 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,865 | TotalAmt |
| Program Services | $25,865 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,416,309 | TotalAmt |
| Program Services | $1,084,287 | ProgramServicesAmt |
| Management And General | $329,058 | ManagementAndGeneralAmt |
| Fundraising | $2,964 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,319 | TotalAmt |
| Program Services | $37,757 | ProgramServicesAmt |
| Management And General | $11,459 | ManagementAndGeneralAmt |
| Fundraising | $103 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,486,373 | TotalAmt |
| Program Services | $8,793,653 | ProgramServicesAmt |
| Management And General | $2,668,684 | ManagementAndGeneralAmt |
| Fundraising | $24,036 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $248,320 | TotalAmt |
| Program Services | $190,107 | ProgramServicesAmt |
| Management And General | $57,693 | ManagementAndGeneralAmt |
| Fundraising | $520 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,846,144 | TotalAmt |
| Program Services | $2,178,931 | ProgramServicesAmt |
| Management And General | $661,257 | ManagementAndGeneralAmt |
| Fundraising | $5,956 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,350,621 | TotalAmt |
| Program Services | $1,033,999 | ProgramServicesAmt |
| Management And General | $313,796 | ManagementAndGeneralAmt |
| Fundraising | $2,826 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,265 | TotalAmt |
| Management And General | $133,265 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,391 | TotalAmt |
| Management And General | $125,391 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,071 | TotalAmt |
| Management And General | $2,071 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,523 | TotalAmt |
| Management And General | $100,523 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $504,399 | TotalAmt |
| Program Services | $447,585 | ProgramServicesAmt |
| Management And General | $56,814 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $292,785 | TotalAmt |
| Program Services | $9,909 | ProgramServicesAmt |
| Management And General | $282,876 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $830,951 | TotalAmt |
| Program Services | $563,705 | ProgramServicesAmt |
| Management And General | $267,031 | ManagementAndGeneralAmt |
| Fundraising | $215 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,171 | TotalAmt |
| Program Services | $75,942 | ProgramServicesAmt |
| Management And General | $98,229 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,511,467 | TotalAmt |
| Program Services | $3,328,722 | ProgramServicesAmt |
| Management And General | $182,745 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,685 | TotalAmt |
| Program Services | $17,512 | ProgramServicesAmt |
| Management And General | $17,173 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,200 | TotalAmt |
| Program Services | $15,847 | ProgramServicesAmt |
| Management And General | $16,353 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $805,402 | TotalAmt |
| Program Services | $778,447 | ProgramServicesAmt |
| Management And General | $26,955 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,960,320 | TotalAmt |
| Program Services | $3,797,187 | ProgramServicesAmt |
| Management And General | $163,133 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $143,418 | TotalAmt |
| Program Services | $27,817 | ProgramServicesAmt |
| Management And General | $115,601 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| DIETARY SUPPLIES | $1,572,555 | $1,572,555 | ||
| PURCHASED AND CONTRACTE | $707,983 | $599,048 | $108,190 | $745 |
| BAD DEBT EXPENSE | $393,593 | $393,593 | ||
| REPAIRS & MAINTENANCE | $328,367 | $326,862 | $1,505 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $709,959 | TotalAmt |
| Program Services | $509,719 | ProgramServicesAmt |
| Management And General | $140,884 | ManagementAndGeneralAmt |
| Fundraising | $59,356 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,786,456 | TotalAmt |
| Program Services | $25,415,456 | ProgramServicesAmt |
| Management And General | $6,274,279 | ManagementAndGeneralAmt |
| Fundraising | $96,721 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $335,874 | BOYAmt |
| EOY | $1,049,371 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,874,257 | BOYAmt |
| EOY | $9,158,159 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,743,372 | BOYAmt |
| EOY | $3,237,363 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $333,455 | BOYAmt |
| EOY | $415,984 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,417 | BOYAmt |
| EOY | $82,292 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,084,908 | BOYAmt |
| EOY | $1,188,310 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $87,418,707 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $37,291,200 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,048,650 | BOYAmt |
| EOY | $50,127,507 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,137,709 | BOYAmt |
| EOY | $55,137,709 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,633,271 | BOYAmt |
| EOY | $29,701,771 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,264,913 | BOYAmt |
| EOY | $150,098,466 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,334,428 | BOYAmt |
| EOY | $4,051,247 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,054,320 | BOYAmt |
| EOY | $7,549,954 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,473,061 | BOYAmt |
| EOY | $43,013,308 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,974,445 | BOYAmt |
| EOY | $21,258,608 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,722,959 | BOYAmt |
| EOY | $112,208,320 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $181,559,213 | BOYAmt |
| EOY | $188,081,437 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$35,067,138 | BOYAmt |
| EOY | -$38,972,018 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $272,838 | BOYAmt |
| EOY | $489,047 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,000 | BOYAmt |
| EOY | $500,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$34,294,300 | BOYAmt |
| EOY | -$37,982,971 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,264,913 | BOYAmt |
| EOY | $150,098,466 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$2,272,051 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,416,622 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $2 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $505,320 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $670,859 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,322,552 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,587,572 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $818,008 | CurrentTaxYearAmt |
| Total | $4,904,311 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,565,572 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,687,090 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,277,756 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $24,603,113 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $25,164,185 | CurrentTaxYearAmt |
| Total | $104,297,716 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,070,892 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $18,357,949 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $20,600,308 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $26,190,685 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $25,982,193 | CurrentTaxYearAmt |
| Total | $109,202,027 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $196,265 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $25,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $50 | CurrentTaxYearAmt |
| Total | $221,315 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $196,265 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $25,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $50 | CurrentTaxYearAmt |
| Total | $221,315 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $108,980,712 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $725,595 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $795,329 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $853,179 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $864,619 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $915,828 | CurrentTaxYearAmt |
| Total | $4,154,550 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $725,595 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $795,329 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $853,179 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $864,619 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $915,828 | CurrentTaxYearAmt |
| Total | $4,154,550 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,219,827 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,355,468 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,238,831 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,943,648 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,218,645 | CurrentTaxYearAmt |
| Total | $8,976,419 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,016,314 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $20,508,746 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $23,692,318 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $28,998,952 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $29,116,666 | CurrentTaxYearAmt |
| Total | $122,332,996 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.89090 | PublicSupportCY509Pct |
| Public Support PY509 | 0.88950 | PublicSupportPY509Pct |
| Investment Income CY | 0.03400 | InvestmentIncomeCYPct |
| Investment Income PY | 0.04050 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | MISC INCOME - 2014 AMOUNT: $ 79,933. 2015 AMOUNT: $ 17,689. 2016 AMOUNT: $ 85,117. 2017 AMOUNT: $ 80,198. 2018 AMOUNT: $ 76,807. REMARKETING FEE - 2014 AMOUNT: $ 648,188. 2015 AMOUNT: $ 799,195. 2016 AMOUNT: $ 767,176. 2017 AMOUNT: $ 1,252,173. 2018 AMOUNT: $ 1,368,912. GUEST ROOM MEALS - 2014 AMOUNT: $ 91,028. 2015 AMOUNT: $ 116,630. 2016 AMOUNT: $ 122,466. 2017 AMOUNT: $ 145,266. 2018 AMOUNT: $ 169,013. LATE FEES - 2014 AMOUNT: $ 95,302. 2015 AMOUNT: $ 125,598. 2016 AMOUNT: $ 154,518. 2017 AMOUNT: $ 215,896. 2018 AMOUNT: $ 279,950. REAL ESTATE ASSESSMENT - 2014 AMOUNT: $ 39,660. 2015 AMOUNT: $ 41,058. 2016 AMOUNT: $ 41,324. 2017 AMOUNT: $ 40,936. 2018 AMOUNT: $ 39,163. PARKING INCOME - 2014 AMOUNT: $ 11,933. 2015 AMOUNT: $ 9,125. 2016 AMOUNT: $ 17,120. 2017 AMOUNT: $ 12,885. 2018 AMOUNT: $ 19,858. CONVENIENCE STORE - 2014 AMOUNT: $ 61,647. 2015 AMOUNT: $ 59,580. 2016 AMOUNT: $ 68,380. 2017 AMOUNT: $ 69,379. 2018 AMOUNT: $ 75,216. BEAUTY SHOP - 2014 AMOUNT: $ 19,406. 2015 AMOUNT: $ 24,291. 2016 AMOUNT: $ 16,706. 2017 AMOUNT: $ 15,519. 2018 AMOUNT: $ 16,180. TELEVISION INCOME - 2014 AMOUNT: $ 80,205. 2015 AMOUNT: $ 58,753. 2016 AMOUNT: $ 12,716. 2017 AMOUNT: $ 19,859. 2018 AMOUNT: $ 16,728. CAFETERIA INCOME - 2014 AMOUNT: $ 92,525. 2015 AMOUNT: $ 97,250. 2016 AMOUNT: $ 98,562. 2017 AMOUNT: $ 82,902. 2018 AMOUNT: $ 103,424. OPTIONS UPGRADES - 2015 AMOUNT: $ 6,299. 2017 AMOUNT: $ 8,635. 2018 AMOUNT: $ 6,248. ABATEMENT OF PROPERTY TAXES - 2016 AMOUNT: $ 854,746. INSURANCE SETTLEMENTS - 2018 AMOUNT: $ 47,146. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $2,071 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $2,071 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | COSTS ARE INCURRED AS PART OF DUES PAID TO NURSING HOME INDUSTRY ORGANIZATIONS. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $501,265 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$1,130 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $500,135 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $500,000 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,265 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $501,265 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributions | $500,000 | ContributionsAmt |
| End Year Balance | $500,000 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,034,275 | OtherCostOrOtherBasisAmt |
| Book Value | $11,034,275 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $58,981,094 | OtherCostOrOtherBasisAmt |
| Depreciation | $25,470,744 | DepreciationAmt |
| Book Value | $33,510,350 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,152,710 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,820,456 | DepreciationAmt |
| Book Value | $5,332,254 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $250,628 | OtherCostOrOtherBasisAmt |
| Book Value | $250,628 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $50,127,507 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INV. IN PECONIC LANDING HOUSING | Desc |
| Book Value | $55,137,709 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $55,137,709 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ASSETS LIMITED TO USE | $25,912,685 |
| OTHER FINANCING COST, NET | $852,613 |
| DUE FROM RELATED PARTIES | $2,225,650 |
| FUNDED PENSION COSTS | $710,823 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $29,701,771 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| REFUNDABLE DEPOSIT/ACCRUED INT | $110,566,337 |
| OPTIONS & UPGRADE LIABILITY | $737,576 |
| BOND INTEREST PAYABLE | $193,584 |
| DEFERRED COMPENSATION LIABILITY | $710,823 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $112,208,320 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $31,601,710 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$1,416,622 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $6,552,488 | OtherRevenueAmt |
| Revenue Not Reported | $5,135,866 | RevenueNotReportedAmt |
| Revenue Subtotal | $26,465,844 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $100,523 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $2,948,038 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $3,048,561 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $29,514,405 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $37,830,467 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $9,092,572 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $9,092,572 | ExpensesNotReportedAmt |
| Expenses Subtotal | $28,737,895 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $100,523 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $2,948,038 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,048,561 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $31,786,456 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | THE ESCROW LIABILITY ACCOUNTS REPRESENT THE ESCROW TO BE USED TO PURCHASE ANOTHER COOPERATIVE UNIT IF THE RESIDENT CAN LIVE INDEPENDENTLY AGAIN OR BE PAID UPON A RESIDENT'S DEATH TO THE RESIDENT'S ESTATE, AS DIRECTED BY THE RESIDENT'S WILL. |
| PART V, LINE 4: | AN ENDOWMENT FUND WAS FORMED FOR THE BENEFIT OF THE MEMORY SUPPORT NEIGHBORHOOD. |
| PART X, LINE 2: | THE COMPANY FILES INFORMATION TAX RETURNS IN THE U.S. FEDERAL AND NEW YORK STATE JURISDICTIONS AND RECOGNIZE THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE COMPANY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE COMPANY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2015. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | REVENUE ATTRIBUTABLE TO CONSOLIDATED & RELATED ENTITIES 6,552,488. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | ELIMINATING ENTRY 2,214,763. RENTAL REVENUE FROM AFFILIATE REPORTED ON PART VIII, LINE 2 733,275. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES ATTRIBUTABLE TO CONSOLIDATED & RELATED ENTITIES 9,092,572. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | ELIMINATING ENTRY 2,214,763. RENTAL REVENUE FROM AFFILIATE REPORTED ON PART VIII, LINE 2 733,275. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | 5K RUN | Event1Nm |
| Gross Receipts Event1 | $20,715 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $20,715 | CharitableContriEvent1Amt |
| Gross Receipts Total | $20,715 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $20,715 | CharitableContributionsTotAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| GREENPORT FIRE DEPARTMENT | |||||||
| 236 3RD AVENUE | GREENPORT | NY | 11944 | 113429066 | VILLAGE OF GREENPORT | $20,715 | GENERAL SUPPORT |
| EASTERN LONG ISLAND HOSPITAL ASSOCIATION INC | |||||||
| 201 MANOR PLACE | GREENPORT | NY | 11944 | 111633563 | 501(C)(3) | $5,150 | GENERAL SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT SYRON | ||||||||||||||
| PRESIDENT/CEO | $315,976 | $0 | $102,375 | $0 | $20,936 | $0 | $51,203 | $0 | $32,097 | $0 | $522,587 | $0 | $0 | $0 |
| STEVEN CARROLL | ||||||||||||||
| CFO (THRU 05/2018) | $113,026 | $0 | $0 | $0 | $38,447 | $0 | $21,050 | $0 | $14,545 | $0 | $187,068 | $0 | $0 | $0 |
| LISA QUINN | ||||||||||||||
| DIRECTOR OF FINANCE | $102,517 | $0 | $15,000 | $0 | $93 | $0 | $5,090 | $0 | $46,358 | $0 | $169,058 | $0 | $0 | $0 |
| GREGORY GARRETT | ||||||||||||||
| EXECUTIVE VP - ADM. HEALTH | $198,654 | $0 | $30,000 | $0 | $18,936 | $0 | $27,471 | $0 | $44,516 | $0 | $319,577 | $0 | $0 | $0 |
| PATRICIA LUTZKY | ||||||||||||||
| V.P. RESIDENT SERVICES | $130,395 | $0 | $24,000 | $0 | $21,379 | $0 | $24,624 | $0 | $17,620 | $0 | $218,018 | $0 | $0 | $0 |
| DARRYL VOLINSKI | ||||||||||||||
| DIR. OF ENVIRON. SERVICES | $155,801 | $0 | $20,000 | $0 | $15,510 | $0 | $20,901 | $0 | $31,656 | $0 | $243,868 | $0 | $0 | $0 |
| WILLIAM BJORNHOLM | ||||||||||||||
| DIR. OF FINE DINING | $123,925 | $0 | $19,000 | $0 | $10,489 | $0 | $14,603 | $0 | $31,232 | $0 | $199,249 | $0 | $0 | $0 |
| JANE WILLSEY | ||||||||||||||
| DIRECTOR OF HUMAN RESOURCES | $114,691 | $0 | $20,000 | $0 | $11,419 | $0 | $14,494 | $0 | $31,988 | $0 | $192,592 | $0 | $0 | $0 |
| LAURELLE CASSONE | ||||||||||||||
| DIRECTOR OF MARKETING | $97,080 | $0 | $20,000 | $0 | $11,977 | $0 | $16,032 | $0 | $36,955 | $0 | $182,044 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | PECONIC LANDING AT SOUTHOLD, INC. MADE A TAX GROSSUP PAYMENT FOR THE DIRECTOR'S INSURANCE FOR THE FOLLOWING INDIVIDUALS: ROBERT SYRON, PRESIDENT & CEO, STEVEN CARROLL, CFO, GREGORY GARRETT, EXECUTIVE VP, DARRYL VOLINSKI, DIRECTOR OF ENVIRONMENTAL SERVICES, PATRICIA LUTZKY, VP OF RESIDENT SERVICES, LAURELLE CASSONE, DIRECTOR OF MARKETING, AND JANE WILLSEY, DIRECTOR OF HUMAN RESOURCES, WILLIAM BJORNHOLM, DIRECTOR OF DINING SERVICES, LISA QUINN, DIRECTOR OF FINANCE, AND DIANE RADIGAN, DIRECTOR OF RESIDENTIAL SERVICES. PECONIC LANDING AT SOUTHOLD, INC. PAYS THE HEALTH CLUB DUES FOR ROBERT SYRON, PRESIDENT & CEO AND DARRYL VOLINSKI, DIRECTOR OF ENVIRONMENTAL SERVICES. THE AMOUNT OF DUES IS NOT INCLUDED IN THE INDIVIDUAL'S W-2. |
| PART I, LINES 4A-B | STEVEN CARROLL, CFO, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $18,028 INCLUDED IN HIS 2018 W-2. ROBERT SYRON, PRESIDENT & CEO, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. HE RECEIVED A EMPLOYER CONTRIBUTION ON HIS BEHALF IN THE AMOUNT OF $19,017 IN 2018. |
| PART I, LINE 7 | BONUSES WERE PAID TO VARIOUS OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES FOR ADDITIONAL RESPONSIBILITIES AND EXTRAORDINARY ACHIEVEMENT. THESE BONUSES WERE APPROVED BY THE BOARD AND AUTHORIZED BY THE PRESIDENT OF THE BOARD. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| SUFFOLK COUNTY ECONOMIC DEVELOPMENT CORPORATION | ||||||||
| A | 273722095 | 86476RAD6 | 2010-12-08 | $29,173,331 | REFUNDING | 0 | 0 | 0 |
| SOUTHOLD LOCAL DEVELOPMENT CORPORATION | ||||||||
| B | 471450671 | 844584AL6 | 2015-03-05 | $20,229,958 | REFUNDING | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $3,690,000 | $29,445,921 | $583,467 | $1,517,448 | $28,406,165 | $183,699 | 2010 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $20,331,168 | $404,599 | $833,369 | $18,556,340 | $975,018 | 2015 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Business Name Line2GICProviderName/BusinessNameLine2Txt | Term Of GICTermOfGICPct | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GE CAPITAL | ||||||||||||
| A | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | Yes (1) | CORPORATION | 30.000000000000 | Yes (1) | 0 | Yes (1) |
| (no name) | ||||||||||||
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEPHEN LUTZKY | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | FAMILY MEMBER OF KEY EMPLOYEE, PATRICIA LUTZKY | RelationshipDescriptionTxt |
| Transaction | $49,319 | TransactionAmt |
| Transaction | EMPLOYMENT | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FINANCE COMMITTEE MEETS WITH A DESIGNATED BOARD MEMBER WHO HAS BEEN ASSIGNED BY OTHER BOARD MEMBERS TO REVIEW THE FORM 990. THE FORM 990 IS PRESENTED TO THE DESIGNATED BOARD MEMBER AND THE FULL EXTENT OF THE FORM AND ITS PREPARATION IS EXPLAINED AT THE TIME. THE DESIGNATED BOARD MEMBER THEN REVIEWS AND APPROVES THE FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | IN THE EVENT A MEMBER OF THE BOARD OF TRUSTEES OF PECONIC LANDING AT SOUTHOLD, INC., OR THE MEMBER'S SPOUSE, CHILD, PARENT OR SIBLING, AS A RESULT OF A TRANSACTION, INVESTMENT OR ACTIVITY (HEREIN REFERRED TO AS A MATTER) WITH OR INVOLVING PECONIC LANDING AT SOUTHOLD, INC., PECONIC LANDING HOUSING ASSOCIATION COOPERATIVE, INC., PECONIC LANDING FOUNDATION, INC. (REFERRED TO IN THE AGGREGATE AS PECONIC LANDING) WILL RECEIVE ANY PROFIT OR GAIN, WHETHER DIRECTLY OR INDIRECTLY, THEN THE MEMBER SHALL PROMPTLY DISCLOSE THAT INTEREST TO THE BOARD AND SHALL NOT PARTICIPATE IN ANY DECISION ON SUCH A MATTER. THE MEMBER SHALL NOT VOTE ON, AND SHALL REMOVE HIM OR HERSELF FROM THE MEETING DISCUSSING SUCH A MATTER. THE MEMBER SHALL ALSO DISCLOSE ANY KNOWN SIGNIFICANT REASON(S) THAT SUCH A MATTER MIGHT NOT BE IN THE BEST INTERESTS OF PECONIC LANDING. THE MEMBER'S ABSTENTION FROM THE MEETING AND VOTE AND THE REASON FOR IT WILL BE RECORDED IN THE MINUTES OF ANY MEETING AT WHICH SUCH A MATTER OR MATTERS ARE DISCUSSED. EACH MEMBER IS REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE STATEMENT AT THE BEGINNING OF EACH CALENDAR YEAR, AND WITHIN THIRTY (30) DAYS FOLLOWING THE EFFECTIVE DATE OF THIS POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | PHILOSOPHY REGARDING EXECUTIVE COMPENSATION - THE BOARD OF TRUSTEES OF PECONIC LANDING AT SOUTHOLD, INC. SHALL HAVE THE SOLE RESPONSIBILITY FOR ESTABLISHING ALL MATTERS PERTAINING TO EXECUTIVE COMPENSATION. THE BOARD RECOGNIZES THAT IT IS CHARGED WITH ESTABLISHING A TOTAL COMPENSATION PACKAGE NECESSARY TO ATTRACT HE BEST TALENT POSSIBLE WHILE BEING FULLY COGNIZANT OF ITS FIDUCIARY RESPONSIBILITY TO THE ORGANIZATION. THE BOARD, THEREFORE, ASSURES THAT DECISIONS INVOLVING EXECUTIVE COMPENSATION SHALL BE REASONABLE AND MEET THE REQUIREMENTS FOR A TAX-EXEMPT ENTITY, WHICH ARE: (1) SHALL BE BASED ON RELIABLE MARKET COMPARABILITY DATA; (2) THE BASIS TO SUPPORT EXECUTIVE COMPENSATION SHALL BE DOCUMENTED; AND (3) ALL MATTERS RELATED TO EXECUTIVE COMPENSATION ARE MADE FREE FROM ANY DIRECT OR INDIRECT CONFLICTS OF INTEREST. COMPENSATION NEGOTIATION - THE BOARD OF PECONIC LANDING AT SOUTHOLD, INC. APPOINTS THE FINANCE COMMITTEE TO NEGOTIATE ON BEHALF OF THE BOARD ALL MATTERS OF EXECUTIVE COMPENSATION, INCLUDING BASE WAGE, INCENTIVES, BONUSES, MERIT INCREASES, PERQUISITES, AND BENEFITS. THE COMMITTEE SHALL HAVE THE AUTHORITY TO NEGOTIATE BUT SHALL MAKE NO WARRANTY ON BEHALF OF THE BOARD IN MATTERS RELATING TO COMPENSATION. THE FINANCE COMMITTEE SHALL PRESENT ITS RECOMMENDATIONS CONCERNING EXECUTIVE COMPENSATION TO THE BOARD IN WRITING, INCLUDING; (1) DATA OR SOURCES USED IN DETERMINING COMPENSATION RECOMMENDATIONS; (2) A REVIEW OF EXECUTIVE PERFORMANCE; AND (3) FULL DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE FINANCE COMMITTEE SHALL MAKE ASSURANCE THAT FINAL EXECUTIVE COMPENSATION RECOMMENDATIONS ARE INDEPENDENTLY APPROVED BY COMMITTEE MEMBERS ACTING ON BEHALF OF THE BOARD IN A NON-CONFLICT OF INTEREST POSITION. BASIS FOR EXECUTIVE COMPENSATION - TO ENSURE THE REASONABLENESS OF EXECUTIVE COMPENSATION, THE FINANCE COMMITTEE SHALL BASE AND DOCUMENT ITS RECOMMENDATIONS ON THE FOLLOWING CRITERIA: MARKET DATA COMPARISONS; FUNCTIONAL REQUIREMENTS OF THE POSITION; CURRENT MARKET TRENDS; REGIONAL ECONOMIC INDICATORS; EDUCATION, CAREER BACKGROUND AND EXPERIENCE OF THE PERSON IN THE POSITION. THE FINANCE COMMITTEE MAY SEEK ADVICE AND COUNSEL FROM EXTERNAL, UNRELATED SOURCES, INCLUDING BUT NOT LIMITED TO: MANAGEMENT CONSULTANTS, EXECUTIVE RECRUITERS; NATIONAL AND STATE ORGANIZATIONS SUCH AS AAHSA AND NYAHSA; SALARY RESEARCH RESOURCES AND DATA BASES; AND OTHER SOURCES WHICH MAY PROVIDE ACCURATE, RELIABLE, VERIFIABLE WAGE DATA. COMPENSATION CONCERNING INCENTIVES AND BONUSES SHALL BE BASED ON QUANTITATIVE PERFORMANCE CRITERIA APPLIED TO THE ACHIEVEMENT OF PRE-ESTABLISHED GOALS. MERIT INCREASES SHALL BE MADE AT THE DISCRETION OF THE BOARD BASED ON PERFORMANCE IMPROVEMENT OVER A SPECIFIED PERIOD OF TIME. BENEFITS, INCLUDING HEALTH INSURANCE, LIFE INSURANCE, VACATION AND OTHER TIME OFF, SHALL BE PROPORTIONATE WITH THE BENEFITS POLICIES AND PACKAGE IN EFFECT FOR LEADERSHIP PERSONNEL AT PECONIC LANDING AT SOUTHOLD, INC. ON THE EFFECTIVE DATE OF BOARD APPROVAL OF THE TOTAL COMPENSATION PACKAGE. DOCUMENTATION CONCERNING EXECUTIVE COMPENSATION - ALL MATTERS PERTAINING TO EXECUTIVE COMPENSATION MUST BE IN WRITTEN FORM. THE COMPENSATION DETERMINATION PROCESS WAS LAST UNDERTAKEN IN 2017. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, CONFLICT OF INTEREST POLICY, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. |
| 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. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| BRECKNOCK HALL FOUNDATION | ||||||||||
| 1500 BRECKNOCK ROAD | GREENPORT | NY | 11944 | 200350364 | FOR SUPPORT | NY | 501(C)(3) | PF | PECONIC LANDING AT SOUTHOLD INC | Yes (1) |
| PECONIC LANDING HOME HEALTH SERVICES INC | ||||||||||
| 1500 BRECKNOCK ROAD | GREENPORT | NY | 11944 | 454566737 | HOME HEALTH SERVICES | NY | 501(C)(3) | LINE 10 | PECONIC LANDING AT SOUTHOLD INC | Yes (1) |
| THE SHORES AT PECONIC LANDING ASSISTED LIVING RESIDENCE | ||||||||||
| 1500 BRECKNOCK ROAD | GREENPORT | NY | 11944 | 454977274 | ASSISTED LIVING | NY | 501(C)(3) | LINE 10 | PECONIC LANDING AT SOUTHOLD INC | Yes (1) |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PECONIC LANDING HOUSING ASSOCIATION CO-OP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 BRECKNOCK ROAD | AddressLine1Txt |
| City | GREENPORT | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11944 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 020575501 | EIN |
| Primary Activities | HOUSING ASSOCIATION | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PECONIC LANDING AT SOUTHOLD INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $3,746,616 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $42,289,586 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| PECONIC LANDING HOUSING ASSOCIATION CO-OP | ||
| A | $733,275 | COST |
| THE SHORES AT PECONIC ASSISTED LIVING RESIDENCE INC | ||
| S | $2,214,763 | COST |
| PECONIC LANDING HOME HEALTH SERVICES INC | ||
| P | $63,521 | COST |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, SCHEDULE R, PART V, LINE 1A: | PECONIC LANDING AT SOUTHOLD, INC. RECEIVED RENTAL INCOME, WHICH IS A SPECIFIED PAYMENT, FROM ITS CONTROLLED SUBSIDIARY. THESE PAYMENTS WERE MADE AT ARM'S LENGTH AND MEET THE FAIR MARKET VALUE STANDARD. |
| RELATED PARTY TRANSACTIONS: | ON NOVEMBER 28, 2000, THE COMPANY AND THE COOPERATIVE ENTERED INTO A LEASE AGREEMENT RELATED TO THE INITIAL 250 INDEPENDENT LIVING UNITS. UNDER THE TERMS OF THE LEASE, THE COMPANY AGREED TO LEASE A PORTION OF ITS REAL PROPERTY TO THE COOPERATIVE. IN ADDITION, THE LEASE SPECIFIES THAT THE COMPANY AGREES TO CONSTRUCT AND FURNISH ON THE REAL PROPERTY CERTAIN BUILDINGS, IMPROVEMENTS AND FURNISHINGS AND TO TRANSFER TITLE TO THESE SPECIFIED RESIDENTIAL IMPROVEMENTS FOR AND IN CONSIDERATION OF ALL AUTHORIZED AND UN-ISSUED SHARES OF THE COOPERATIVE. PURSUANT TO THE TERMS OF THE EXECUTED LEASE, THE COMPANY OWNS THE LAND, THE COMMUNITY CENTER, AND THE HEALTH CARE CENTER AND THE COOPERATIVE OWNS THE SPECIFIED RESIDENTIAL IMPROVEMENTS. THE LEASE TERM IS 99 YEARS AND THE ANNUAL RENT FOR THE INITIAL TEN YEAR PERIOD OF THE LEASE IS COMPUTED ON THE BASIS OF $225 PER MONTH PER OCCUPIED RESIDENTIAL UNIT, NOT TO EXCEED AN ANNUAL RENT OF $675,000 IN ANY CALENDAR YEAR DURING THIS PERIOD. SUBSEQUENT TO THE INITIAL TEN YEAR PERIOD, THE COMPANY HAS THE OPTION TO ADJUST THE BASE RENT TO TEN PERCENT OF THE APPRAISED VALUE OF THE LAND. ON MARCH 15, 2015, THE COMPANY AND THE COOPERATIVE ENTERED INTO A SECOND LEASE AGREEMENT RELATED TO 46 ADDITIONAL INDEPENDENT UNITS ON A PORTION OF COMPANY'S LAND. THE LEASE TERM IS 99 YEARS AND IS TO BE AUTOMATICALLY EXTENDED FOR AN ADDITIONAL TERM OF 99 YEARS. THE ANNUAL RENT FOR THE INITIAL TEN YEAR PERIOD OF THE LEASE IS COMPUTED ON THE BASIS OF $225 PER MONTH PER OCCUPIED RESIDENTIAL UNIT. SUBSEQUENT TO THE INITIAL TEN YEAR PERIOD, THE COMPANY HAS THE OPTION TO ADJUST THE BASE RENT TO TEN PERCENT OF THE APPRAISED VALUE OF THE LAND. UNDER THE TERM OF THESE LEASES, THE COOPERATIVE WILL PAY PRO RATA SHARE OF ALL REAL PROPERTY TAXES AND SALES TAXES WITH RESPECT TO THE LEASED PREMISES, ASSESSMENTS, RATES, CHARGES AND OTHER COSTS OF OPERATION OF THE LEASED SPACE. THE COMPANY'S ONLY RESPONSIBILITY SHALL BE PAYMENT OF THE PRINCIPAL AND INTEREST OF THE MORTGAGE OF THE LEASED PREMISE. RENT PAYMENTS UNDER THESE LEASE AGREEMENTS FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017 WERE $733,275 AND $733,725. THESE LEASES PROVIDE THAT THE COOPERATIVE MUST USE THE PROPERTY ONLY FOR THE PURPOSE OF PROVIDING HOUSING TO MEMBERS WHO ENTER INTO CARE AGREEMENTS WITH THE COMPANY. THE COOPERATIVE DOES NOT HAVE THE RIGHT TO REMOVE THE RESIDENTIAL IMPROVEMENTS WITHOUT THE COMPANY'S PRIOR WRITTEN CONSENT. THESE LEASES MAY ONLY BE TERMINATED WITH THE APPROVAL OF THE NEW YORK STATE CONTINUING CARE RETIREMENT COMMUNITY COUNCIL, OR ITS SUCCESSOR STATE AGENCY. IN THE EVENT OF DEFAULT UNDER THE LEASE AGREEMENT, THE RESIDENTIAL IMPROVEMENTS VEST WITH THE COMPANY. LEASE AND SERVICES AGREEMENTS BETWEEN THE COMPANY AND THE SHORES IN AUGUST 2013 AND JUNE 2014, THE COMPANY ENTERED INTO A LEASE AGREEMENT AND A LICENSE AGREEMENT WITH THE SHORES WHEREBY THE COMPANY LEASED THE ASSISTED LIVING RESIDENCE PORTION OF ITS REAL PROPERTY TO THE SHORES AND LICENSED IT TO OPERATE THE ENRICHED HOUSING PROGRAM. PURSUANT TO EACH AGREEMENT, THE SHORES AGREED TO PAY THE COMPANY $1 ANNUALLY. ADDITIONALLY, UNDER THE LEASE AGREEMENT THE SHORES WILL PAY TO THE COMPANY ALL INCOME GENERATED FOR THE CARE OF RESIDENTS OF THE ENRICHED HOUSING PROGRAM AND ANY OTHER INCOME FROM ANY OTHER SOURCE. THE TERM OF EACH AGREEMENT IS 99 YEARS AND THEREAFTER CAN BE AUTOMATICALLY RENEWED FOR SUCCESSIVE TERMS OF 99 YEARS PROVIDED THE SHORES SHALL BE IN COMPLIANCE WITH TERMS AND CONDITIONS OF THE AGREEMENTS. IN CONJUNCTION WITH THE ABOVE AGREEMENTS, THE COMPANY ALSO ENTERED INTO A MANAGEMENT AND A MAINTENANCE AND SERVICES AGREEMENT WITH THE SHORES. PURSUANT TO THE TERMS OF THESE AGREEMENTS, THE COMPANY IS RESPONSIBLE TO PROVIDE OVERSIGHT, MANAGEMENT AND MAINTENANCE SERVICES TO ENSURE QUALITY OPERATION AND ADMINISTRATION OF THE ENRICHED HOUSING PROGRAM. THE TERM OF THE AGREEMENT IS FOR FIVE YEARS STARTING MAY, 2016 AND RENEWS EVERY FIVE YEARS UNTIL CANCELLED BY THE BOARDS OF THE COMPANY AND THE SHORES OR NYSDOH. |