2014-04-28T11:50:22-07:00 2013-06-30 Koch Group & Co LLP 333 Seventh Avenue Floor 8 New York NY 100015118 990 2012-07-01 133974371 LINCOLN TOWERS HOUSING DEVELOPMENT FUND CORPORATION LINC 5 WEST MAIN STREET ELMSFORD NY 10523 EUGENE F CONROY 2014-04-28 true Stuart Koch P01231447 2126310700 2012 2015-11-30 17:44:51Z REV MICHAEL J ROUSE 19 LINCOLN AVE NEW ROCHELLE NY 10801 1657575 false false X N/A X 1998 NY to acquire and operate an 89-unit residential rental project, located in New Rochelle, NY, under the National Housing Act. 5 4 2 0 1254270 1252221 356510 375762 352 257 36762 29335 1647894 1657575 0 0 146493 153599 0 0 1506186 1568131 1652679 1721730 -4785 -64155 5579923 5146090 6993505 6623827 -1413582 -1477737 to acquire and operate an 89-unit residential rental project, located in New Rochelle, NY, under the National Housing Act. false false 1670399 366072 ACTIVITIES RELATED TO 89 LOW INCOME HOUSING UNITS SUPPORTED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDERTHE SECTION 8 AND THE SECTION 8 CONVERSION PROGRAMS 42831 9690 TENANT RELATED ANCILLARY PROGRAM-LAUNDRY 1713230 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false false true false false false false false false false true false false false false false false false true false false false false true 0 0 false 2 true false false false false false false false false 0 false false false false false false false false false false X 5 4 false false false false false false false false true false false true false false false false false false false false NY X X COMMUNITY HOUSING MGMT CORP 9145925434 5 W MAIN ST ELMSFORD NY ELMSFORD NY 10523 X EUGENE F CONROY 0.10 0.00 X X 0 0 0 BERNICE SMITH ESQ 0.10 0.00 X 0 0 0 MARY E WILLIAMS 0.10 0.00 X 0 0 0 REV MICHAEL J ROUSE 0.10 0.00 X X 0 0 0 ALBERT JONES 0.10 0.00 X 0 0 0 0 false false false CON EDISON JAF Station PO Box 1702 New York NY 101161702 Utilities 90557 0 1252221 1252221 TENANT RENTS 531110 366072 366072 LAUNDRY AND PARKING 531390 9690 9690 375762 257 257 0 0 0 0 0 0 0 MISC 29335 29335 29335 1657575 405097 257 0 0 0 0 0 0 113678 113678 0 32128 32128 7793 7793 0 1625 1625 8500 8500 0 0 0 0 0 3042 3042 0 0 20844 20844 0 0 0 506296 506296 0 366065 366065 0 REAL ESTATE TAXES 52156 52156 MANAGEMENT FEE 54986 54986 UTILITIES 127091 127091 MAINTENANCE CONTRACTS 257985 257985 169541 169541 1721730 1713230 8500 0 94550 103803 87268 37938 2487 454 4212 4032 0 0 0 0 17070 17924 9710284 5201341 4861212 4508943 0 0 0 226106 212310 287018 260686 5579923 5146090 83384 34783 6605167 6262917 304954 326127 6993505 6623827 X -1759859 -2563428 346277 1085691 -1413582 -1477737 5579923 5146090 -64155 X false true X false true true X 1184969 1203132 1226781 1254270 1252221 6121373 323066 356418 354927 356510 366072 1756993 0 0 0 1508035 1559550 1581708 1610780 1618293 7878366 0 0 7878366 3941 197 471 352 257 5218 0 3941 197 471 352 257 5218 0 25200 38621 36995 36762 39025 176603 1537176 1598368 1619174 1647894 1657575 8060187 0.97740 0.97800 0.00060 0.00280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 174284 174284 9485151 5164018 4321133 50849 37323 13526 4508943 TENANT SECURITY DEPOSITS 27725 RESERVE FOR REPLACEMENT 146106 MORTGAGE ESCROW DEPOSITS 86855 260686 TENANTS SECURITY DEPOSITS 27725 INTEREST PAYABLE 20329 CURRENT PORTION OF MORTGAGE 256258 ACCRUED PILOT TAX LIABILITY 21815 326127 X 1657575 1657575 1657575 1721730 1721730 1721730 Part X Part X : FIN48 Footnote Lincoln Towers Housing Development Fund Corporation is exempt from taxes under Section 501(c)(3) of the Internal Revenue Code.Management has determined that the Company had no uncertain tax positions that would require financial statement recognition. The Company is no longer subject to income tax examination by the U.S. federal, state or local tax authorities for years before 2008, which is the standard statute of limitations look-back period. A New ROCHELLE HOUSING AUTH 136007019 64853PAE8 2003-12-30 25750000 REFINANCE PROJECT false false false A 7111688 124588 268055 7031710 1998 false true true true A false false false false false false A false false NONE false NONE false false false Supplemental Information Part VI THE MORTGAGE WAS PROVIDED THROUGH THE ISSUANCE OF FIRST LIEN REVENUE BONDS (SERIES 2003-SECTION 8 ASSISTED PROJECT), PROVIDED BY THE NEW ROCHELLE MUNICIPAL HOUSING AUTHORITY. THE MORTGAGE IN THE ORIGINAL AMOUNT WAS $8,755,000, BEARS INTEREST AT 7.87%, PAYABLE MONTHLY, AND REQUIRES ANNUAL PRINCIPAL PAYMENTS IN VARYING AMOUNTS OVER 25 YEARS UNTIL DECEMBER 1, 2028. THE ORGANIZATION IS OBLIGATED TO DEPOSIT A MONTHLY AMOUNT WITH A TRUSTEE TO SATISY RESERVE ACCOUNT REQUIREMENTS FOR PAYMENT OF INTEREST AND PRINCIPAL ON THE DEBT PLUS OTHER OPERATING CHARGES, ORIGINATION FEE AND REPLACEMENT RESERVES. THE INDENTURE AGREEMENT REQUIRES ADDITIONAL ANNUAL PRINCIPAL OF $85,000 FROM AVAILABLE CASH FLOWS. COMMUNITY HOUSING MANAGEMENT CORP MANAGING AGENT 88037 MANAGEMENT FEE false EUGENE F. CONROY, CFO OF LINCOLN TOWERS HDFC IS THE SOLE SHAREHOLDER OF COMMUNITY HOUSING MANAGEMENT CORP, WHICH IS THE MANAGING AGENT OF THE ORGANIZATION Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available AFTER APPROVAL OF THE FINANCIAL STATEMENTS BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS, THE ORGANIZATION MAKES AVAILABLE ALL GOVERNANCE DOCUMENTS, POLICY STATEMENTS, FINANCIAL STATEMENTS AND TAX RETURNS TO THE PUBLIC, UPON WRITTEN REQUEST. THE ORGANIZATION ALSO TIMELY FILES ITS ANNUAL CHAR 500 REPORT WITH THE NYS ATTORNEY GENERAL AND ALL OF ITS FILINGS INCLUDING ITS FEDERAL TAX RETURNS AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE THROUGH THE NYSOAG CHARITIES BUREAU WEBSITE. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process THE BOARD OF DIRECTORS MUST APPROVE THE FEDERAL TAX FORM 990 AND THE RELATED STATE TAX FILINGS. Form 990, Part VI, Line 8 Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings BOARD OF TRUSTEES PREPARE AND DOCUMENT MINUTES OF MEETINGS AS REQUIRED. ST CATHERINE AME ZION CHURCH 19 LINCOLN AVENUE NEW ROCHELLE NY 10801 RELIGIOUS INSTITUTION - CHURCH NY 170b(1) 1 N/A false CARRINGTON ARMS HDFC C/O CHMC 5 WEST MAIN STREET ELMSFORD NY 10523 132684083 LOW-INCOME RESIDENTIAL HOUSING NY 501(C) (3) 9 N/A false false false false false false false false false false false false false false false false false false false false