2017-05-18T10:49:45-05:00 2016-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2015-07-01 237013134 HOPE COMMUNITY INC HOPE 2128608821 174 EAST 104TH STREET NEW YORK NY 10029 WALTER ROBERTS EXECUTIVE DIRECTOR 2128608821 2017-05-15 1 AARON SHAPIRO P01333816 2128674000 2015 2021-01-29 14:40:06Z WALTER ROBERTS 174 EAST 104TH STREET NEW YORK NY 10029 7808640 0 X N/A X 1968 NY THE ORGANIZATION DEVELOPS, OWNS, MANAGES & PROVIDES HOUSING FOR AND MODERATE INCOME INDIVIDUALS AS WELL AS PROVIDING HOUSING AND REHABILITATION SERVICES TO HOMELESS FAMILIES. 13 13 103 13 0 0 1942372 2315749 3460790 5157949 1026883 19812 285706 278579 6715751 7772089 0 0 0 0 4893788 6720437 0 0 86580 1092053 3125194 5985841 9845631 729910 -2073542 6903637 5816871 727301 1971413 6176336 3845458 THE ORGANIZATION DEVELOPS, OWNS, MANAGES & PROVIDES HOUSING AND MODERATE INCOME INDIVIDUALS AS WELL AS PROVIDING HOUSING AND REHABILITATION SERVICES TO HOMELESS FAMILIES. 0 0 6156076 3247606 THE ORGANIZATION DEVELOPS, OWNS, MANAGES & PROVIDES HOUSING AND MODERATE INCOME INDIVIDUALS AS WELL AS PROVIDING HOUSING AND REHABILITATION SERVICES TO HOMELESS FAMILIES. 2103864 1910343 HOPE CONTINUES TO FOCUS ON PRESERVATION ACTIVITY THAT BOTH UPGRADE THE PHYSICAL CONDITION OF ITS BUILDINGS AND FINANCING SO THAT THE BUILDING REMAINS AFFORDABLE TO RESIDENTS. 8259940 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 103 1 0 0 0 0 0 1 1 0 0 0 0 X 13 13 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 NY X THE ORGANIZATION 2128608821 174 EAST 104TH STREET NEW YORK NY 10029 BRAD BECKSTROM PRESIDENT 5.00 2.00 X X 0 0 0 JONATHAN VAZCONES VICE PRESIDENT 5.00 2.00 X X 0 0 0 KEVIN BARRETT TREASURER 5.00 2.00 X X 0 0 0 GEMMA THOMAS SECRETARY 5.00 2.00 X X 0 0 0 BRIAN A BLAKE DIRECTOR 5.00 2.00 X 0 0 0 ROGER CABAN DIRECTOR 5.00 2.00 X 0 0 0 MICHAEL COLLAZZO JR DIRECTOR 5.00 2.00 X 0 0 0 STACY CRAWFORD DIRECTOR 5.00 2.00 X 0 0 0 CARLOS DIAZ DIRECTOR 5.00 2.00 X 0 0 0 ANN HENDERSON DIRECTOR 5.00 2.00 X 0 0 0 NIKKI MERKERSON DIRECTOR 5.00 2.00 X 0 0 0 ANTHONY P NELSON DIRECTOR 5.00 2.00 X 0 0 0 WILLIAM OFENLOCH DIRECTOR 5.00 2.00 X 0 0 0 WALTER M ROBERTS EXEC. DIR. 40.00 10.00 X 127644 0 5835 ANDREA QUETELL CFO 40.00 10.00 X 99351 0 5835 226995 0 11670 1 0 0 0 0 10800 2240287 64662 2315749 RENTAL INCOME 900002 1910343 1910343 JANITORIAL FEES 561499 1575973 1575973 MANAGEMENT AND SOCIAL 561499 1497166 1497166 DEVELOPER FEES 561499 97493 97493 PARTNERSHIP MANAGEMENT 561499 72078 72078 4896 4896 5157949 19812 19812 87100 10800 36551 50549 50549 MISCELLANEOUS 900099 116620 116620 TAX REIMBURSEMENT 900099 111410 111410 228030 7772089 5157949 0 298391 241283 41331 199952 4850793 4310372 489352 51069 1190422 1067442 117765 5215 437939 336350 95693 5896 444101 444101 62881 62881 37642 37642 179082 158272 20810 18611 7099 11512 226772 173221 53551 174763 81819 92944 1451286 1318484 109302 23500 8829 4579 4250 49451 27504 21947 103165 103165 BAD DEBT 154932 154932 213679 186201 26578 900 9845631 8259940 1499111 86580 2165617 1803102 1512921 1456610 2254343 1221780 44540 128956 1976218 1314978 652809 661240 32111 30858 241296 514325 6903637 5816871 643982 1770327 83319 201086 727301 1971413 X 6176336 3845458 6176336 3845458 6903637 5816871 X -2073542 -257336 X X 0 0 0 X 160239 1818601 2077642 1942372 2315749 8314603 3632083 3431122 3460790 5157949 15681944 160239 5450684 5508764 5403162 7473698 23996547 0 0 0 23996547 18527 17315 17975 17289 19812 90918 18527 17315 17975 17289 19812 90918 50549 50549 228030 228030 178766 5467999 5526739 5420451 7772089 24366044 0.98480 0.99600 0.00370 0.00400 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS TAX REIMBURSEMENT RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15500 15500 151813 151813 0 176386 72250 104136 1632519 1090915 541604 661240 LOANS RECEIVABLE 514325 514325 OTHER LIABILITIES 201086 201086 X PART X, LINE 2: THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2013 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. AWARD DINNER 97900 10800 87100 16092 20459 97900 10800 87100 16092 20459 36551 50549 FORM 990, PART VI, SECTION A, LINE 5 IN OR ABOUT FEBRUARY 2016, HOPE COMMUNITY, INC. ("HOPE") BECAME AWARE THAT DURING THE PERIOD JUNE 2014 TO FEBRUARY 2016, ITS FORMER HUMAN RESOURCES MANAGER HAD BEEN MANIPULATING HOPE'S PAYROLL SYSTEM BY CREATING FALSE OVERTIME AND VACATION PAY ATTRIBUTED TO VARIOUS EMPLOYEES BUT DIVERTED INTO ACCOUNTS SHE CONTROLLED. SHE WAS SUBSEQUENTLY TERMINATED BY HOPE, INDICTED BY THE NEW YORK STATE ATTORNEY GENERAL'S OFFICE, PLED GUILTY TO THEFT OF $424,694 AND SENTENCED. UPON BECOMING AWARE OF THE DIVERSION OF FUNDS, HOPE RETAINED AN INDEPENDENT ACCOUNTING FIRM TO CONDUCT A FORENSIC AUDIT.IN ADDITION TO TERMINATING THE EMPLOYEE, HOPE TERMINATED THE PROFESSIONAL EMPLOYER ORGANIZATION THAT HANDLED ITS PAYROLL ACCOUNTS. HOPE ALSO FILED A CLAIM WITH ITS EMPLOYEE THEFT INSURANCE POLICY CARRIER AND ANTICIPATES THAT MOST OR ALL OF THE DIVERTED FUNDS WILL BE RECOVERED UNDER THE POLICY. FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETED FORM 990 WAS SUBMITTED TO ALL BOARD MEMBERS VIA U.S. MAIL OR ELECTRONIC MAIL. PRIOR TO SUBMISSION TO THE IRS, THE 990 WAS APPROVED BY THE PRESIDENT OF THE BOARD OF DIRECTORS. ANY QUESTIONS OR CONCERNS RAISED BY THE BOARD OF DIRECTORS ARE ADDRESSED TO THE CHIEF FINANCIAL OFFICER OR THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REQUIRE ANNUAL CERTIFICATIONS BY ALL MEMBERS AND KEY MEMBERS OF MANAGEMENT. MEMBERS WITH CONFLICTS ARE REQUIRED TO RECUSE THEMSELVES FROM DELIBERATION AND VOTING ON CONFLICTED ISSUES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEW AND APPROVE ALL COMPENSATION FOR THE EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER.THIS WAS LAST PERFORMED IN NOVEMBER 2015. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE NEW YORK STATE CHARITIES REGISTRATION BUREAU. FORM 990, PART XI, LINE 9: OTHER ADJUSTMENTS 93,890. LOSS DUE TO DEFALCATION -351,226. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MUSCOOTA INC 174 EAST 104TH STREET NEW YORK NY 10029 133371670 HOUSING SERVICES NY 501(C)(2) HOPE COMMUNITY INC 1 RIOS SENIOR RESIDENCE HDFC 174 EAST 104TH STREET NEW YORK NY 10029 133738157 HOUSING SERVICES NY 501(C)(3) LINE 7 HOPE COMMUNITY INC 1 239 EAST 115TH SRTEET HOUSING DEVELOPMENT 174 EAST 104TH STREET NEW YORK NY 10029 133660633 HOUSING SERVICES NY 501(C)(3) LINE 7 HOPE COMMUNITY INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0