Civic Intelligence

Seaview Senior Living Housing

EIN 45-1966147 • 501(c)3 • Staten Island, NY

Profile

To provide 122 units of independent housing for the elderly with 188 beds of assisted living for the frail and elderly.

140 Friendship LnStaten Island, NY 10314

www.thebrielle.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

1.57x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

7.57x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

15th percentile

-10%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

12th percentile

$144,380

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

33rd percentile

1.7%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

12%

Faster revenue growth than 59% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$62,930,227

Up $1,042,189 (+1.7%) from 2023

Liabilities

Up

$98,601,851

Up $2,374,474 (+2.5%) from 2023

Net Assets

Down

-$35,671,624

Down $1,332,285 (-3.9%) from 2023

Revenue

Up

$13,033,609

Up $1,424,650 (+12%) from 2023

Expenses

Down

$14,365,894

Down $1,090,480 (-7.1%) from 2023

Net Income

Up

-$1,332,285

Up $2,515,130 (+65%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0-$50MAssets 2011: $2,596,239Liabilities 2011: $2,596,238Net Assets 2011: $12011Assets 2012: $5,038,386Liabilities 2012: $5,038,385Net Assets 2012: $12012Assets 2015: $85,766,056Liabilities 2015: $88,734,424Net Assets 2015: -$2,968,3682015Assets 2016: $78,307,078Liabilities 2016: $87,682,224Net Assets 2016: -$9,375,1462016Assets 2017: $73,153,509Liabilities 2017: $87,227,448Net Assets 2017: -$14,073,9392017Assets 2018: $71,153,611Liabilities 2018: $90,513,823Net Assets 2018: -$19,360,2122018Assets 2019: $68,940,476Liabilities 2019: $93,918,840Net Assets 2019: -$24,978,3642019Assets 2020: $65,975,217Liabilities 2020: $87,882,192Net Assets 2020: -$21,906,9752020Assets 2021: $64,749,776Liabilities 2021: $90,527,504Net Assets 2021: -$25,777,7282021Assets 2022: $62,879,659Liabilities 2022: $93,371,583Net Assets 2022: -$30,491,9242022Assets 2023: $61,888,038Liabilities 2023: $96,227,377Net Assets 2023: -$34,339,3392023Assets 2024: $62,930,227Liabilities 2024: $98,601,851Net Assets 2024: -$35,671,6242024

Highlighted filing

2024

Assets$62,930,227
Liabilities$98,601,851
Net Assets-$35,671,624

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Expenses 2012: $02012Revenue 2015: $161,671Expenses 2015: $3,130,040Net Income 2015: -$2,968,3692015Revenue 2016: $3,004,771Expenses 2016: $9,429,518Net Income 2016: -$6,424,7472016Revenue 2017: $5,348,703Expenses 2017: $10,047,537Net Income 2017: -$4,698,8342017Revenue 2018: $7,437,604Expenses 2018: $12,527,236Net Income 2018: -$5,089,6322018Revenue 2019: $8,381,680Expenses 2019: $13,459,832Net Income 2019: -$5,078,1522019Revenue 2020: $16,127,228Expenses 2020: $13,055,839Net Income 2020: $3,071,3892020Revenue 2021: $8,609,081Expenses 2021: $12,479,834Net Income 2021: -$3,870,7532021Revenue 2022: $9,229,130Expenses 2022: $13,930,826Net Income 2022: -$4,701,6962022Revenue 2023: $11,608,959Expenses 2023: $15,456,374Net Income 2023: -$3,847,4152023Revenue 2024: $13,033,609Expenses 2024: $14,365,894Net Income 2024: -$1,332,2852024

Highlighted filing

2024

Revenue$13,033,609
Expenses$14,365,894
Net Income-$1,332,285

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$13,033,609
Mission and Program Overview

Mission

To provide 122 units of independent housing for the elderly with 188 beds of assited living for the frail and elderly.

To provide housing and assisted housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$59,655,162$59,935,704▲ $280,542
Cash and Non-Interest-Bearing Accounts$1,563,015$2,478,757▲ $915,742
Accounts Receivable$591,782$441,158▼ $150,624
Prepaid Expenses and Deferred Charges$45,825$42,354▼ $3,471
Total Assets$61,888,038$62,930,227▲ $1,042,189
Other Assets Total$32,254$32,254→ $0
Liabilities
Deferred Revenue$35,801,759$34,743,193▼ $1,058,566
Tax Exempt Bond Liabilities$34,460,041$34,523,465▲ $63,424
Accounts Payable and Accrued Expenses$24,862,061$28,256,645▲ $3,394,584
Mortgage Notes Payable Secured by Investment Property$900,000$900,000→ $0
Other Liabilities$203,516$178,548▼ $24,968
Total Liabilities$96,227,377$98,601,851▲ $2,374,474
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-34,339,339$-35,671,624▼ $1,332,285
Total Net Assets Fund Balance$-34,339,339$-35,671,624▼ $1,332,285
Total Liabilities and Net Assets / Fund Balance$61,888,038$62,930,227▲ $1,042,189

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$55,000,572$14,725,998$69,726,570
Other Land Buildings$3,294,292$2,551,222$5,845,514
Equipment$1,640,839$1,783,661$3,424,500
Land$1-$1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melisa MahadeoLpn Lvn Care PartnerFT$144,016$364$144,380
Maqura KamaahLpn Lvn Care PartnerFT$134,853$364$135,217
Katherine AzbellDirector of Community RelationsFT$114,524$6,829$121,353
Genevieve MontevecchiLmsw, Assoc. Director/case WorkerFT$106,653$1,128$107,781
Jeanne KinnardDirector-$20,000-$20,000
Joseph AronauerDirector-$20,000-$20,000
Steve SimmonsDirector-$20,000-$20,000

Board Members and Trustees

NameTitle
Charles CrouchPresident
Robert WetzlerVice President
Benjamin ForrestDirector
Benjamin PriceDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Oasis Outsourcing Hr LLCProfessional Employer Organization2054 VISTA PARKWAY SUITE 300, West Palm Beach, FL 33411$6,187,859
Life Care Services LLCManagement Services400 LOCUST STREET SUITE 820, Des Moines, IA 50309$520,650
Revenue and Support

Revenue Composition

Contributions and Grants
$1,121,677
Program Service Revenue
$11,870,903
Investment Income
$0
Other Revenue
$41,029
Change in Net Assets
$-1,332,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,275,551
Salaries, Compensation, and Employee Benefits$90,343
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$6,276,687--$6,276,687
Interest$3,780,424--$3,780,424
Occupancy$1,248,313--$1,248,313
Office Expenses$706,221--$706,221
Fees for Services Management-$520,650-$520,650
Insurance$501,112--$501,112
Advertising$335,584--$335,584
Fees for Services Legal$226,829--$226,829
Fees for Services Accounting$93,637$29,850-$123,487
Depreciation Depletion$119,017--$119,017
Current Officers, Directors, Trustees, and Key Employees$60,000--$60,000
Other Expenses$36,768--$36,768
Comp Disqual Persons$30,343--$30,343
Travel$17,477--$17,477
Conferences and Meetings$5,314--$5,314
Information Technology$1,547--$1,547
Total Functional Expenses$13,815,394$550,500$0$14,365,894
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance Lease Liabilities$178,548

Bond Issues

BondIssuerIssuedIssue PricePurpose
ABuild Nyc Resource Corporation2013-01-23$36,000,000Construct senior living facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$36,375,756$3,327,156-$378,700

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
Yes
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization outsources management duties to life care services, llc. Life care services, llc assumes responsibility to serve as the sole and exclusive consulting manager, and to recommend and regularly evaluate policies and goals of the organization, implement the policies, budgets, directives and goals for the organization, oversee the day-to-day operations of the property in accordance with policies, directives and goals approved by the organzation, provide the organization with relevant information as to past operations, and make recommendations as to the future operation of the property.

Form 990, Part VI, Section A, Line 8B

The organization did not have any committee meetings during the year.

Form 990, Part VI, Section B, Line 11B

The 990 is prepared by an independent accountant. It is then reviewed by the organization's governing body. After the review, form 990 is filed with the irs.

Form 990, Part VI, Section B, Line 12C

The organization has a conflict of interest policy, and the board members complete a conflict of interest form/disclosure annually.

Form 990, Part VI, Section C, Line 19

The documents are available upon request.

Form 990, Part VII, Section A

Compensation shown on part vii, section a for highest compensated employees is from w-2's issued by the organization's peo (tax id# 84-1218158). The peo also files related payroll tax forms 941 under its id number. The amounts reported here are reflected on form 990, part ix, line 11g along with all other payroll related costs, in accordance with the 990 instructions.

Filing and Contact Details

Filer

Filer Name
Seaview Senior Living Housing
EIN
45-1966147
Phone
5158754500
Address
140 FRIENDSHIP LN, STATEN ISLAND, NY 10314

Signing Officer

Name
Chuck Crouch
Title
President
Phone
5158754500
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chuck Crouch
Formed
2011
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
4

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
50 ROCKEFELLER PLAZA, NEW YORK, NY 10020
Preparer
Amanda Adams
Phone
2126971000
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 12A

As of the date of filing the audit of the financial statements has not yet been completed. Form 990 has been prepared based on the best information available. Should information substantially change upon completion of the audit, appropriate action will be taken.

Form 990, Part IX, Line 11G

Professional employer organization fees: program service expenses 6,187,859. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,187,859. Consultants: program service expenses 85,003. Management and general expenses 0. Fundraising expenses 0. Total expenses 85,003. Employment screenings: program service expenses 3,825. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,825.

Raw XML AppendixShowing 400 of 494 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/InsuranceGrp/TotalAmt0501112
IRS990/InterestGrp/ProgramServicesAmt03780424
IRS990/InterestGrp/TotalAmt03780424
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019060881
IRS990/LandBldgEquipBasisNetGrp/BOYAmt059655162
IRS990/LandBldgEquipBasisNetGrp/EOYAmt059935704
IRS990/LandBldgEquipCostOrOtherBssAmt078996585
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE 122 UNITS OF INDEPENDENT HOUSING FOR THE ELDERLY WITH 188 BEDS OF ASSISTED LIVING FOR THE FRAIL AND ELDERLY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0900000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0900000
IRS990/NetAssetsOrFundBalancesBOYAmt0-34339339
IRS990/NetAssetsOrFundBalancesEOYAmt0-35671624
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-34339339
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-35671624
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01248313
IRS990/OccupancyGrp/TotalAmt01248313
IRS990/OfficeExpensesGrp/ProgramServicesAmt0706221
IRS990/OfficeExpensesGrp/TotalAmt0706221
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt032254
IRS990/OtherAssetsTotalGrp/EOYAmt032254
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1FOOD FOR EVENTS
IRS990/OtherExpensesGrp/ProgramServicesAmt0376121
IRS990/OtherExpensesGrp/ProgramServicesAmt136768
IRS990/OtherExpensesGrp/TotalAmt0376121
IRS990/OtherExpensesGrp/TotalAmt136768
IRS990/OtherLiabilitiesGrp/BOYAmt0203516
IRS990/OtherLiabilitiesGrp/EOYAmt0178548
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LEGAL SETTLEMENT
IRS990/OtherRevenueMiscGrp/ExclusionAmt041029
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt041029
IRS990/OtherRevenueTotalAmt041029
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt045825
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt042354
IRS990/PrincipalOfficerNm0CHUCK CROUCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531190
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011870903
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011870903
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01121677
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt015329383
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt010487282
IRS990/PYRevenuesLessExpensesAmt0-3847415
IRS990/PYSalariesCompEmpBnftPaidAmt0126991
IRS990/PYTotalExpensesAmt015456374
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011608959
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1332285
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt011870903
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CAPITAL CONTRACTS FEES - 2020 AMOUNT: $ 84,655. 2021 AMOUNT: $ 54,349. 2022 AMOUNT: $ 72,072. INSURANCE SETTLEMENT - 2022 AMOUNT: $ 112,864.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01121677
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01121677
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01121677
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03003606
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt011173306
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt017541943
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01413
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01413
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt040910758
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0184936
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt054349
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt084655
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0323940
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98180
IRS990ScheduleA/PublicSupportPY170Pct00.96870
IRS990ScheduleA/PublicSupportTotal170Amt017541943
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01121677
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01121677
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01121677
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03003606
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt011173306
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt017541943
IRS990ScheduleA/TotalSupportAmt017867296
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt055000572
IRS990ScheduleD/BuildingsGrp/DepreciationAmt014725998
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt069726570
IRS990ScheduleD/EquipmentGrp/BookValueAmt01640839
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01783661
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03424500
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03294292
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02551222
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05845514
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0178548
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FINANCE LEASE LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt059935704
IRS990ScheduleD/TotalLiabilityAmt0178548
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0ISSUER NAME: BUILD NYC RESOURCE CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2021
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0DATE REBATE COMPUTATION PERFORMED
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02013-01-23
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0454040561
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum012008EBA3
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt036000000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0BUILD NYC RESOURCE CORPORATION
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSTRUCT SENIOR LIVING FACILITY
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/EngageBondCounselContractsInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct00.01400
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/TotalPrivateBusinessUsePct00.01400
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt032669900
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0378700
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt03327156
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02015
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt036375756
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS OF THE DATE OF FILING THE AUDIT OF THE FINANCIAL STATEMENTS HAS NOT YET BEEN COMPLETED. FORM 990 HAS BEEN PREPARED BASED ON THE BEST INFORMATION AVAILABLE. SHOULD INFORMATION SUBSTANTIALLY CHANGE UPON COMPLETION OF THE AUDIT, APPROPRIATE ACTION WILL BE TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION OUTSOURCES MANAGEMENT DUTIES TO LIFE CARE SERVICES, LLC. LIFE CARE SERVICES, LLC ASSUMES RESPONSIBILITY TO SERVE AS THE SOLE AND EXCLUSIVE CONSULTING MANAGER, AND TO RECOMMEND AND REGULARLY EVALUATE POLICIES AND GOALS OF THE ORGANIZATION, IMPLEMENT THE POLICIES, BUDGETS, DIRECTIVES AND GOALS FOR THE ORGANIZATION, OVERSEE THE DAY-TO-DAY OPERATIONS OF THE PROPERTY IN ACCORDANCE WITH POLICIES, DIRECTIVES AND GOALS APPROVED BY THE ORGANZATION, PROVIDE THE ORGANIZATION WITH RELEVANT INFORMATION AS TO PAST OPERATIONS, AND MAKE RECOMMENDATIONS AS TO THE FUTURE OPERATION OF THE PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DID NOT HAVE ANY COMMITTEE MEETINGS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. IT IS THEN REVIEWED BY THE ORGANIZATION'S GOVERNING BODY. AFTER THE REVIEW, FORM 990 IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY, AND THE BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST FORM/DISCLOSURE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION SHOWN ON PART VII, SECTION A FOR HIGHEST COMPENSATED EMPLOYEES IS FROM W-2'S ISSUED BY THE ORGANIZATION'S PEO (TAX ID# 84-1218158). THE PEO ALSO FILES RELATED PAYROLL TAX FORMS 941 UNDER ITS ID NUMBER. THE AMOUNTS REPORTED HERE ARE REFLECTED ON FORM 990, PART IX, LINE 11G ALONG WITH ALL OTHER PAYROLL RELATED COSTS, IN ACCORDANCE WITH THE 990 INSTRUCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROFESSIONAL EMPLOYER ORGANIZATION FEES: PROGRAM SERVICE EXPENSES 6,187,859. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,187,859. CONSULTANTS: PROGRAM SERVICE EXPENSES 85,003. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 85,003. EMPLOYMENT SCREENINGS: PROGRAM SERVICE EXPENSES 3,825. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,825.

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