2025-11-14T17:21:20-06:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-01-01 113277669 PECONIC LANDING AT SOUTHOLD INC PECO 6314773800 1500 BRECKNOCK ROAD GREENPORT NY 11944 ROBERT SYRON PRESIDENT/CEO 6314773800 2025-11-14 1 1 MELISSA MODELSON P01603524 9143818900 2025-11-09 2024 2025-03-06 01:10:19Z ROBERT SYRON 1500 BRECKNOCK ROAD GREENPORT NY 11944 44087171 0 4305 X WWW.PECONICLANDING.ORG X 1994 NY 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. 15 14 380 45 0 0 733530 725304 30182274 34500566 709832 1406451 3388502 3608434 35014138 40240755 23750 24730 0 0 19375470 21565907 0 0 45870 17820342 20014593 37219562 41605230 -2205424 -1364475 152265549 158351548 192275740 199219011 -40010191 -40867463 X 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. 0 0 35794570 24730 34500566 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.THE FOLLOWING EVENTS TOOK PLACE IN 2024 FOR THE RESIDENTS OF PECONIC LANDING:SINCE ITS 2012 INCEPTION, THIS FREE PUBLIC EVENT HAS CONSISTENTLY ATTRACTED AN ATTENDANCE OF OVER 1000 MEMBERS OF THE GREATER PUBLIC. IT INCLUDES MUSIC AND DANCING ON THE PATIO OF BRECKNOCK HALL FOLLOWED BY A SPECTACULAR FIREWORKS SHOW OVER THE PONDS. ATTENDEES OFTEN BRING FOLDING CHAIRS OR BLANKETS, THEN SPREAD OUT ON THE LAWN SURROUNDING THE PATIO TO ENJOY THE SHOW. THE EVENT ATTRACTS A MULTI-GENERATIONAL, MULTI-CULTURAL AUDIENCE TO A FUN AND UPLIFTING EVENT ON LABOR DAY WEEKEND WHEN THE NORTH FORK HOSTS THOUSANDS OF VISITORS FROM PLACES FAR AND WIDE. THE JOHN MAY MILE AND 5K RACE IS A FUNDRAISER TO BENEFIT THE GREENPORT FIRE DEPARTMENT. SINCE ITS 2005 INCEPTION, THE EVENT HAS RAISED IN EXCESS OF $420,000 TO SUPPORT THE LOCAL FIRST RESPONDERS. OPEN TO RUNNERS AND WALKERS OF ALL AGES AND FITNESS ABILITIES, THE EVENT OFFERS BOTH A RELAXED MILE-LONG WALK OR A MORE CHALLENGING 3.1-MILE RUN. OVER 300 PEOPLE PARTICIPATED IN 2024. THE MOST RECENT EVENT IN 2024 CONTRIBUTED A TOTAL OF $24,730, HELPING TO PURCHASE AND MAINTAIN RESCUE EQUIPMENT VITAL TO KEEPING FIRE DEPARTMENT VOLUNTEERS SAFE DURING RESPONSE EFFORTS. THE ALZHEIMER'S WALK TO END ALZHEIMER'S, THE WORLD'S LARGEST FUNDRAISER FOR ALZHEIMER'S, TOOK PLACE AT PECONIC LANDING IN SEPTEMBER 2024, ATTRACTING 243 REGISTRANTS. THE EVENT FEATURED A 2-MILE ROUTE, AND ATTENDEES WALKED IN SOLIDARITY TO RAISE AWARENESS AND FUNDS FOR ALZHEIMER'S CARE. ALL PROCEEDS FROM THE EVENT WENT DIRECTLY TO FURTHER THE ALZHEIMER'S ASSOCIATION'S EFFORTS IN CARE, SUPPORT AND RESEARCH. ON THE DAY OF THE WALK, PARTICIPANTS HONORED THOSE AFFECTED BY ALZHEIMER'S WITH A PROMISE GARDEN CEREMONY A MISSION-FOCUSED EXPERIENCE THAT SIGNIFIES SOLIDARITY IN THE FIGHT AGAINST THE DISEASE. THE COLORS OF THE PROMISE GARDEN FLOWERS REPRESENT PEOPLE'S CONNECTION TO ALZHEIMER'S AND THEIR PERSONAL REASONS FOR ENDING THE DISEASE. 35794570 1 1 0 1 0 0 0 0 1 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 1 82 0 380 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X ROBERT SYRON 6314773800 1500 BRECKNOCK ROAD GREENPORT NY 11944 ROBERT SYRON PRESIDENT/CEO 40.00 5.00 X X 652209 0 96810 PAUL MAY CHAIRPERSON 1.00 0.00 X X 0 0 0 PAUL J CONNOR VICE CHAIR 1.00 0.00 X X 0 0 0 EDWARD WELLINGTON WEBB II SECRETARY 1.00 1.00 X X 0 0 0 JAMES LUBIN TREASURER 1.00 0.00 X X 0 0 0 ROSAMOND BAIZ DIRECTOR 1.00 0.00 X 0 0 0 REBECCA A CHAPMAN DIRECTOR 1.00 0.00 X 0 0 0 ROBERT GOLDMAN DIRECTOR 1.00 1.00 X 0 0 0 CAROL HANCE DIRECTOR 1.00 0.00 X 0 0 0 THOMAS MCCARTHY DIRECTOR 1.00 1.00 X 0 0 0 EILEEN MCGUIRE DIRECTOR 1.00 2.00 X 0 0 0 SANDRA NOVICK DIRECTOR 1.00 0.00 X 0 0 0 FRED POLLERT DIRECTOR 1.00 1.00 X 0 0 0 DONALD T RUSSO DIRECTOR 1.00 2.00 X 0 0 0 RICHARD VANDERBERG DIRECTOR 1.00 0.00 X 0 0 0 GREGORY GARRETT CHIEF OPERATING OFFICER 40.00 4.00 X 350315 0 82270 LISA QUINN CHIEF FINANCIAL OFFICER 40.00 5.00 X 285336 0 65181 DARRYL VOLINSKI DIR. OF ENVIRON. SERVICES 40.00 5.00 X 230849 0 65321 PATRICIA LUTZKY V.P. RESIDENT SERVICES 40.00 5.00 X 235227 0 29541 MARY LAVERY DIRECTOR OF NURSING THRU DEC 2024 40.00 0.00 X 171021 0 6823 JANE WILLSEY DIRECTOR OF HUMAN RESOURCES 40.00 5.00 X 200587 0 45704 DIANE RADIGAN DIRECTOR OF RESIDENTIAL SERVICES 40.00 0.00 X 147854 0 24153 2273398 0 415803 26 0 1 0 FLANDERS HEATING AND AIR CONDITIONING 219 W MONTAUK HWY HAMPTON BAYS NY 11946 HVAC SERVICES 762198 GEORGE'S PAINTING INC PO BOX 229 PECONIC NY 11958 PAINTING SERVICES 547786 CLIPBOARD HEALTH PO BOX 103125 PASADENA CA 91189 CONTRACTOR SERVICES 493694 CHAREL CONTRACTING INC 1 BRITTANY WAY RONKONKOMA NY 11779 CONTRACTOR SERVICES 326887 BRIGHTVIEW LANDSCAPES LLC PO BOX 740655 ATLANTA GA 30374 LANDSCAPING SERVICES 299067 18 23428 26686 675190 725304 PRIVATE PATIENT REVENUE 623000 27596781 27596781 MEDICARE REVENUE 623000 3559801 3559801 ENRICHED HOUSING TRANSFER 900099 2272371 2272371 RENTAL REVENUE 531110 750375 750375 MEDICAID REVENUE 623000 321238 321238 34500566 1239152 1239152 87517 87517 61008 0 61008 61008 61008 3919612 3839830 79782 79782 79782 0 23428 6586 -6586 -6586 552 0 552 552 REMARKETING FEE 900099 2052738 2052738 LATE FEES 900099 793211 793211 REFUNDS & REBATES 900099 226842 226842 480669 480669 3553460 40240755 34500566 0 5014885 24730 24730 1532121 1405065 127056 27195 27195 14462384 13260799 1201585 478645 243965 234680 3492730 3116024 376706 1572832 1325916 246916 230060 230060 156082 156082 1353 1353 79782 79782 1870811 1788981 81830 222091 5717 216374 1105193 810222 294971 343782 265673 78109 3257619 2934079 323540 71784 29733 42051 22245 9483 12762 1296503 1296503 4102420 3824185 278235 318177 55024 263153 DIETARY SUPPLIES 2188719 2188719 PURCHASED & CONTRACTED 1955252 1943326 11926 BAD DEBT EXPENSE 1180959 1180959 REPAIRS & MAINTENANCE 853077 851207 1870 758684 388024 324790 45870 41605230 35794570 5764790 45870 3900305 4650051 9946614 13418266 12466 7466 2792138 2773998 1068047 1138906 129005 121366 524576 575246 111696451 61405605 48894532 50290846 55137709 55137709 29860157 30237694 152265549 158351548 5946565 4612068 8617195 10279333 40578982 39163638 17411353 14690300 119721645 130473672 192275740 199219011 X -41343432 -42231080 1333241 1363617 -40010191 -40867463 152265549 158351548 -1364475 507243 -40 0 X X 0 1 X 1 0 X 2488220 3754591 1294911 733530 725304 8996556 26371089 26868403 27871887 30182274 34500566 145794219 413062 413062 28859309 30622994 29166798 30915804 35638932 155203837 0 0 0 155203837 813261 549464 592776 887199 1387677 4230377 813261 549464 592776 887199 1387677 4230377 1997144 4055279 3618837 3331333 3140398 16142991 31669714 35227737 33378411 35134336 40167007 175577205 0.88400 0.88710 0.02410 0.02290 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISC INCOME - 2020 AMOUNT: $ 8,415. 2021 AMOUNT: $ 22,394. 2022 AMOUNT: $ 103,805. 2023 AMOUNT: $ 29,107. 2024 AMOUNT: $ 27,117. REMARKETING FEE - 2020 AMOUNT: $ 1,423,479. 2021 AMOUNT: $ 1,980,052. 2022 AMOUNT: $ 1,892,404. 2023 AMOUNT: $ 1,807,625. 2024 AMOUNT: $ 2,052,738. GUEST ROOM MEALS - 2020 AMOUNT: $ 23,489. 2021 AMOUNT: $ 69,183. 2022 AMOUNT: $ 95,646. 2023 AMOUNT: $ 95,101. LATE FEES - 2020 AMOUNT: $ 301,736. 2021 AMOUNT: $ 375,954. 2022 AMOUNT: $ 501,090. 2023 AMOUNT: $ 655,976. 2024 AMOUNT: $ 793,211. REAL ESTATE ASSESSMENT - 2020 AMOUNT: $ 38,793. 2021 AMOUNT: $ 35,463. 2022 AMOUNT: $ 35,279. 2023 AMOUNT: $ 36,643. 2024 AMOUNT: $ 40,490. PARKING INCOME - 2020 AMOUNT: $ 8,232. 2021 AMOUNT: $ 21,255. 2022 AMOUNT: $ 29,037. 2023 AMOUNT: $ 28,554. CONVENIENCE STORE - 2020 AMOUNT: $ 126,424. 2021 AMOUNT: $ 89,834. 2022 AMOUNT: $ 78,259. 2023 AMOUNT: $ 73,356. BEAUTY SHOP - 2020 AMOUNT: $ 7,393. 2021 AMOUNT: $ 10,381. 2022 AMOUNT: $ 20,395. 2023 AMOUNT: $ 9,967. TELEVISION INCOME - 2020 AMOUNT: $ 11,748. 2021 AMOUNT: $ 11,197. 2022 AMOUNT: $ 9,046. 2023 AMOUNT: $ 124,529. CAFETERIA INCOME - 2022 AMOUNT: $ 12,461. 2023 AMOUNT: $ 58,718. OPTIONS UPGRADES - 2020 AMOUNT: $ 8,583. 2021 AMOUNT: $ 24,749. 2022 AMOUNT: $ 29,969. 2023 AMOUNT: $ 32,387. ABATEMENT OF PROPERTY TAXES - 2021 AMOUNT: $ 840,000. 2022 AMOUNT: $ 747,615. INSURANCE SETTLEMENTS - 2020 AMOUNT: $ 38,852. 2021 AMOUNT: $ 128,265. LEGAL SETTLEMENT - 2021 AMOUNT: $ 432,952. REFUNDS AND REBATES - 2021 AMOUNT: $ 13,600. 2022 AMOUNT: $ 63,831. 2023 AMOUNT: $ 89,085. 2024 AMOUNT: $ 226,842. BAR AND LOUNGE - 2023 AMOUNT: $ 7,285. VENDOR SETTLEMENT - 2023 AMOUNT: $ 283,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1353 1353 0 PART II-B, LINE 1: AMOUNTS REPORTED ON LINE 1I REPRESENTS THE PORTION OF MEMBERSHIP DUES PAID BY THE ORGANIZATION TO PROFESSIONAL ASSOCIATIONS AND SIMILAR ORGANIZATIONS ATTRIBUTABLE TO LOBBYING ACTIVITIES. 0 1 X 946627 0 37063 37736 945954 902748 22940 20939 946627 500423 400000 2325 902748 514294 1101 14972 500423 510021 5558 1285 514294 0.00000 0.97570 0.02430 0 0 11034275 11034275 77944804 44554086 33390718 22264312 16851519 5412793 453060 453060 50290846 INV. IN PECONIC LANDING HOUSING 55137709 C 55137709 ASSETS LIMITED TO USE 22502680 DEFERRED CONTRACT COSTS, NET 1009816 DUE FROM RELATED PARTIES 2934230 DEFERRED COMPENSATION INVESTMENTS 1635285 INSURANCE RECOVERY RECEIVABLE 1393000 OTHER RECEIVABLE 746883 OTHER ASSET 15800 30237694 REFUNDABLE DEPOSIT/ACCRUED INT 126931296 OPTIONS & UPGRADE LIABILITY 362834 BOND INTEREST PAYABLE 151257 DEFERRED COMPENSATION LIABILITY 1635285 PROFESSIONAL AND SIMILAR LIABILITES 1393000 130473672 X 44065955 507243 7601444 8108687 35957268 79782 4203705 4283487 40240755 47516577 10194834 10194834 37321743 79782 4203705 4283487 41605230 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 INCOME 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, 2021. THERE ARE CURRENTLY NO EXAMINATIONS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO CONSOLIDATED & RELATED ENTITIES 7,594,858. FUNDRAISING EXPENSE REPORTED ON PART VIII 6,586. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATING ENTRY 2,272,371. RENTAL REVENUE FROM AFFILIATE REPORTED ON PART VIII, LINE 2 750,375. BAD DEBT EXPENSE REPORTED ON PART IX 1,180,959. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO CONSOLIDATED & RELATED ENTITIES 10,188,248. FUNDRAISING EXPENSE REPORTED ON PART VIII 6,586. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL REVENUE FROM AFFILIATE REPORTED ON PART VIII, LINE 2 750,375. BAD DEBT EXPENSE REPORTED ON PART IX 1,180,959. ELIMINATING ENTRY 2,272,371. JOHN MAY-MILE 5K RUN 23428 23428 6586 23428 23428 6586 6586 -6586 1 GREENPORT FIRE DEPARTMENT 236 3RD AVENUE GREENPORT NY 11944 113429066 501(C)(3) 24730 0 GENERAL SUPPORT 1 0 PART I, LINE 2: FUNDS WERE RAISED VIA A FUNDRAISING EVENT TO SUPPORT LOCAL CHARITIES IN THE AREA, IN FURTHERANCE OF ITS MISSION. X 0 1 X X X X 0 1 0 0 0 0 0 1 0 ROBERT SYRON PRESIDENT/CEO 564829 0 54023 0 33357 0 58932 0 37878 0 749019 0 0 0 GREGORY GARRETT CHIEF OPERATING OFFICER 296638 0 29684 0 23993 0 27782 0 54488 0 432585 0 0 0 LISA QUINN CHIEF FINANCIAL OFFICER 239289 0 25000 0 21047 0 11693 0 53488 0 350517 0 0 0 DARRYL VOLINSKI DIR. OF ENVIRON. SERVICES 185974 0 20000 0 24875 0 8633 0 56688 0 296170 0 0 0 PATRICIA LUTZKY V.P. RESIDENT SERVICES 182687 0 24000 0 28540 0 9327 0 20214 0 264768 0 0 0 JANE WILLSEY DIRECTOR OF HUMAN RESOURCES 157381 0 20000 0 23206 0 8015 0 37689 0 246291 0 0 0 MARY LAVERY DIRECTOR OF NURSING THRU DEC 2024 159489 0 2348 0 9184 0 6823 0 0 0 177844 0 0 0 DIANE RADIGAN DIRECTOR OF RESIDENTIAL SERVICES 109907 0 20000 0 17947 0 5761 0 18392 0 172007 0 0 0 PART I, LINE 1A PECONIC LANDING AT SOUTHOLD, INC. PAYS THE HEALTH CLUB DUES FOR ROBERT SYRON, PRESIDENT/CEO, GREGORY GARRETT, CHIEF OPERATING OFFICER, AND JANE WILLSEY, DIRECTOR OF HUMAN RESOURCES. THE AMOUNT OF DUES IS TAXABLE AND INCLUDED IN THE FORMS W-2 OF THE INDIVIDUALS. PART I, LINE 4B ROBERT SYRON AND GREGORY GARRETT PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THEY RECEIVED AN EMPLOYER CONTRIBUTION ON THEIR BEHALF IN THE AMOUNT OF $45,132 AND $13,982 IN 2024. PART I, LINE 7 INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BOARD APPROVED DISCRETIONARY BONUS DURING CALENDAR YEAR 2024, WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN THEIR 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. A SUFFOLK COUNTY ECONOMIC DEVELOPMENT CORPORATION 273722095 86476RDK7 2020-12-01 22325000 REFUNDING OF 2010 BONDS 0 0 0 B SOUTHOLD LOCAL DEVELOPMENT CORPORATION 471450671 844584AL6 2015-03-05 20229958 RENOVATION OF ASSISTED LIVING & NURSING RESIDENCES & COMM. CTR 0 0 0 C SUFFOLK COUNTY ECONOMIC DEVELOPMENT CORPORATION 273722095 86476RDB7 2019-12-12 1965000 REFUNDING 2010 SERIES BONDS 0 0 0 A 2080000 22541746 2195763 121834 20007403 2020 1 0 1 1 B 2745000 20418919 1270845 404599 17579496 975018 2015 1 0 1 1 C 265000 1985821 200916 1764084 2020 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 1 GE CAPITAL CORPORATION 30.000000000000 1 0 1 A 1 B 1 C 1 SCHEDULE K, PART II, LINE 3 - ALL LISTED BONDS ON SCHEDULE K: THE TOTAL PROCEEDS OF THE ISSUE EXCEEDS THE ISSUE PRICE OF EACH RESPECTIVE BOND, THE DIFFERENCE IS DUE TO INVESTMENT EARNINGS THROUGH THE YEAR PLACED IN SERVICE. INVESTMENT EARNINGS ARE INCLUDED IN THE TOTAL PROCEEDS OF EACH ISSUE. GRACE J SYRON FAMILY MEMBER OF CEO 25247 EMPLOYMENT 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE MEMBERS OF THE FINANCE COMMITTEE FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING BY THE COMMITTEE. 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. FORM 990, PART VI, SECTION B, LINE 15 PHILOSOPHY REGARDING EXECUTIVE COMPENSATION - THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OF PECONIC LANDING AT SOUTHOLD, INC. SHALL HAVE THE 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 THE 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) COMPENSATION 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 COMPENSATION COMMITTEE SHALL NEGOTIATE ON BEHALF OF THE BOARD ALL MATTERS OF EXECUTIVE COMPENSATION, INCLUDING BASE WAGE, INCENTIVES, BONUSES, MERIT INCREASES, PREREQUISITES, AND BENEFITS. THE COMPENSATION COMMITTEE SHALL HAVE THE AUTHORITY TO NEGOTIATE ON BEHALF OF THE BOARD IN MATTERS RELATING TO COMPENSATION. DOCUMENTATION OF THIS PROCESS WILL BE KEPT ON FILE 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 COMPENSATION 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, IT WILL BASE AND DOCUMENT ITS RECOMMENDATIONS ON THE FOLLOWING CRITERIA: MARKET DATA COMPARISONS; FUNCTIONAL REQUIREMENTS OF THE POSITION; CURRENT MARKET HEADS; REGIONAL ECONOMIC INDICATORS; EDUCATION, CAREER BACKGROUND; AND EXPERIENCE OF THE PERSON IN THE POSITION. THE COMPENSATION 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 CHAIR, VICE CHAIR, AND CHAIR OF THE FINANCE COMMITTEE, COMPENSATION COMMITTEE, ON BEHALF 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 PACKAGES 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 2022. 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 RETURN IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION, FORM 990, 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. BRECKNOCK HALL FOUNDATION 1500 BRECKNOCK ROAD GREENPORT NY 11944 200350364 RENTAL OF HALL NY 501(C)(3) PF PECONIC LANDING AT SOUTHOLD INC 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 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 1 PECONIC LANDING HOUSING ASSOCIATION CO-OP 1500 BRECKNOCK ROAD GREENPORT NY 11944 020575501 HOUSING ASSOCIATION NY PECONIC LANDING AT SOUTHOLD INC C 4056865 28022825 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 PECONIC LANDING HOUSING ASSOCIATION CO-OP A 750375 COST PECONIC LANDING HOUSING ASSOCIATION COOPERATIVE P 105300 COST PECONIC LANDING HOME HEALTH SERVICES INC Q 140845 COST 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. 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.