2013-05-07T15:03:32-05:00 2012-09-30 221478099 COHNREZNICK LLP 76 BATTERSON PARK ROAD FARMINGTON CT 06032 990 2011-10-01 061019012 FEDERATION HOMES INC C/O VESTA MANAGEMENT CORPORATION FEDE 8604085400 245 HOPMEADOW STREET WEATOGUE CT 06089 JONATHAN REINER 8604085400 2013-05-01 1 KIMBERLY A NARDONE CPA P01058771 8606786000 2011 2016-02-25 16:41:14Z JONATHAN REINER 56 WINTONBURY AVENUE BLOOMFIELD CT 06102 1624894 0 X N/A X 1978 CT THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY. 14 13 5 0 0 0 1071477 1265000 550184 359296 1298 598 0 0 1622959 1624894 0 0 0 0 367706 353990 0 0 0 1221757 1225899 1589463 1579889 33496 45005 3751086 3610549 5549684 5364142 -1798598 -1753593 X THE GOAL OF FEDERATION HOMES IS TO PROVIDE A SAFE, SECURE HOME WITH SUPPORTIVE STAFF; TO PROMOTE INDEPENDENCE; AND TO OFFER A DIVERSIFIED EDUCATIONAL, CULTURAL, AND SOCIAL CALENDAR OF ACTIVITIES AND PROGRAMS TO ENHANCE QUALITY OF LIFE FOR OUR RESIDENTS. OUR MISSION IS TO SUPPORT OUR RESIDENTS' DESIRE TO REMAIN IN THE COMMUNITY FOR AS LONG AS POSSIBLE. 0 0 1486506 359296 RENTAL OF HOUSING FACILITIES TO ELDERLY & HANDICAPPED PERSONS ON A NON-PROFIT BASIS. 1486506 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 5 1 0 0 0 0 0 0 0 0 X 14 13 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 0 CT X X VESTA MANAGEMENT 8604085400 245 HOPMEADOW STREET WEATOGUE CT 06089 JUDY SIEGAL 1.00 X 0 0 0 MICHAEL HERLANDS 1.00 X 0 0 0 ALEC BOBROW 1.00 X 0 0 0 CLAUDINE HOWARD 1.00 X 0 0 0 BRENDA P DELGADO 1.00 X 0 0 0 MAURICE JENNINGS 1.00 X 0 0 0 CARL MANDELL 1.00 X 0 0 0 ELLEN MAYER 1.00 X 0 0 0 DAVID NEMIROW 1.00 X 0 0 0 LINDA STANGER 1.00 X 0 0 0 DAVID N SASPORTAS 1.00 X 0 0 0 RUTHAN WEIN 1.00 X 0 0 0 PATRICIA WILLIAMS 1.00 X 0 0 0 RONA ROSENKRANTZ 35.00 X 113960 0 0 113960 0 0 1 0 0 0 0 1259672 5328 1265000 RENTAL INCOME 531110 359296 359296 359296 598 598 1624894 359296 0 598 90000 90000 177055 177055 9585 9585 53919 53919 23431 23431 93383 93383 580 580 12750 12750 10093 10093 24064 24064 60104 60104 236095 236095 296278 296278 239886 239886 86977 86977 REPAIRS & MAINTENANCE 90554 90554 SOCIAL SERVICE ACTIVITI 25465 25465 SNOW REMOVAL 19938 19938 RUBBISH REMOVAL 17571 17571 12161 12161 1579889 1486506 93383 0 181652 130082 19448 21557 21799 21832 7268729 4697200 2697869 2571529 830318 865549 3751086 3610549 230777 113728 5279839 5209849 39068 40565 5549684 5364142 X -1798598 -1753593 -1798598 -1753593 3751086 3610549 45005 0 X 0 0 0 X 1149171 1115592 1169671 1071477 1265000 5770911 1149171 1115592 1169671 1071477 1265000 5770911 5770911 2553 2130 1130 1298 598 7709 5778620 1987005 0.99870 0.99820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 32881 32881 1 200127 200127 6385372 4211018 2174354 683230 486182 197048 2571529 MORTGAGE ESCROW DEPOSIT 92065 RESERVE FOR REPLACEMENT & RESIDUAL RECEIPTS 643671 TENANT SECURITY DEPOSIT 33309 FINANCING FEES 96504 865549 RESIDENT SECURITY DEPOSIT 31875 PREPAID REVENUE 8092 TENANT DEPOSIT REFUND 598 40565 1624894 1579889 45005 45005 1642066 17172 17172 1624894 0 1624894 1597061 17172 17172 1579889 0 1579889 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FOR RENTED UNITS PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT FREE UNIT REFLECTED IN TOTAL REVENUES PER AUDIT 17,172. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENT FREE UNIT REFLECTED IN TOTAL REVENUES & TOTAL EXPENSES PER AUDIT 17,172. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENGAGES A REAL ESTATE PROPERTY MANAGEMENT COMPANY TO MANAGE THE PHYSICAL PROPERTY AND TO PERFORM BOOKKEEPING SERVICES. ADDITIONALLY THE BOARD HIRES AN EXECUTIVE DIRECTOR INDEPENDENT OF THE MANAGEMENT COMPANY WHO ALONG WITH HER STAFF (ALSO INDEPENDENT OF THE MANAGEMENT COMPANY), SUPERVISES THE DAY TO DAY OPERATIONS OF THE SITE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY BOTH THE MANAGEMENT AGENT AND THE EXECUTIVE DIRECTOR AND THE 1ST VICE PRESIDENT/CHAIR OF THE FINANCE COMMITTEE PRIOR TO FILING. ADDITIONALLY A COPY IS DISTRIBUTED TO ALL MEMBERS OF THE EXECUTIVE AND FINANCE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15B THE RESPONSIBILITIES OF THE TOP FINANCIAL MANAGER ARE ACCOMPLISHED THROUGH THE ENGAGEMENT OF A PROPERTY MANAGEMENT AGENT WHOSE FEE MUST BE APPROVED BY THE US DEPT OF HUD. THE SALARY OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE ANNUALLY AS PART OF THE BUDGETTING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE ON GUIDESTAR. FORM 1023 IS AVAILABLE UPON REQUEST.