Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
EIN 61-1816180 • 501(c)3 • Purchase, NY
Profile
To develop and operate a senior learning housing community on land leased from the state university of new york on the purchase college campus.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
6th percentile
Higher net margin than 6% of similar nonprofits.
Top Officer Pay
5th percentile
Higher top officer pay than 5% of similar nonprofits.
Top officer pay equals 1.3% of source-year revenue.
Asset Growth
71st percentile
Faster asset growth than 71% of similar nonprofits.
Revenue Growth
99th percentile
Faster revenue growth than 99% of similar nonprofits.
Assets
Up$503,458,395
Up $49,200,927 (+11%) from 2023
Liabilities
Up$526,592,931
Up $62,563,294 (+13%) from 2023
Net Assets
Down-$23,134,536
Down $13,362,367 (-137%) from 2023
Revenue
Up$13,053,214
Up $10,672,145 (+448%) from 2023
Expenses
Up$17,004,393
Up $14,574,360 (+600%) from 2023
Net Income
Down-$3,951,179
Down $3,902,215 (-7970%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
To develop and operate a senior learning housing community on land leased from the state university of new york on the purchase college campus.
To develop & operate a senior learning house community on the grounds of SUNY, Purchase College.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $268,160,124 | $364,149,033 | ▲ $95,988,909 |
| Investments in Publicly Traded Securities | $163,773,024 | $129,590,326 | ▼ $34,182,698 |
| Cash and Non-Interest-Bearing Accounts | $249,509 | $2,864,434 | ▲ $2,614,925 |
| Prepaid Expenses and Deferred Charges | $201,540 | $309,594 | ▲ $108,054 |
| Accounts Receivable | - | $24,386 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Loans From Officers Directors | - | $0 | - |
| Total Assets | $454,257,468 | $503,458,395 | ▲ $49,200,927 |
| Other Assets Total | $21,873,271 | $6,520,622 | ▼ $15,352,649 |
| Liabilities | |||
| Tax Exempt Bond Liabilities | $399,638,237 | $299,801,000 | ▼ $99,837,237 |
| Other Liabilities | $21,861,352 | $182,716,585 | ▲ $160,855,233 |
| Accounts Payable and Accrued Expenses | $42,530,048 | $24,955,979 | ▼ $17,574,069 |
| Deferred Revenue | - | $19,119,367 | - |
| Total Liabilities | $464,029,637 | $526,592,931 | ▲ $62,563,294 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-9,772,169 | $-23,134,536 | ▼ $13,362,367 |
| Total Net Assets Fund Balance | $-9,772,169 | $-23,134,536 | ▼ $13,362,367 |
| Total Liabilities and Net Assets / Fund Balance | $454,257,468 | $503,458,395 | ▲ $49,200,927 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $252,095,922 | $3,815,136 | $255,911,058 |
| Other Land Buildings | $51,054,134 | - | $51,054,134 |
| Leasehold Improvements | $45,223,545 | $1,256,968 | $46,480,513 |
| Equipment | $15,775,432 | $995,253 | $16,770,685 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Amy Post | Marketing Director | FT | $138,548 | $25,183 | $163,731 |
| Constance Atiles-Hewitt | Human Resources director | FT | $121,768 | $9,821 | $131,589 |
| Tina Witthoefft | Residency Counselor | FT | $100,490 | $11,583 | $112,073 |
| Stephen Mandracchia | Food and beverage director | FT | $103,350 | $8,659 | $112,009 |
| Name | Title |
|---|---|
| Elizabeth C Robertson | Chairman/President |
| Kevin Plunkett | Vice Chairman |
| Wayne M Rush | Vice President, Secretary, & Treasurer |
| Carl Austin | Board Member |
| Dr Kaare Weber | Board Member |
| Drew Fung | Board Member |
| Earle Yaffa | Board Member |
| Ernie Palmieri | Board Member |
| Judith J Nolan | Board Member |
| Kelly Jackson | Board Member |
| Michael Kopas | Board Member |
| Michelle Ifill | Board Member |
| Milagros Pea | Board Member |
| Simon Turner | Board Member |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| LCSD-SCD Partners LLC | Development Management Services | 400 Locust St, Suite 820, De Moines, IA 50309 | $1,255,283 |
| LCS Holding Company LLC | Management Services | 400 Locust St, Suite 820, De Moines, IA 50309 | $528,091 |
| Divney Tung Schwalbe LLP | Architecture and Design Services | One North Broadway, White Plains, NY 10601 | $210,892 |
| 1100 King MZ LLC | Legal Services | PO Box 21739, New York, NY 10087 | $171,065 |
| Delbello Donnellan Weingarten Wise & Wie | - | One North Lexington Avenue, White Plains, NY 10601 | $143,277 |
| Line Item | Amount |
|---|---|
| Other Expenses | $12,681,727 |
| Salaries, Compensation, and Employee Benefits | $4,322,666 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $5,140,720 | $1,211,654 | - | $6,352,374 |
| Other Salaries and Wages | $2,468,916 | $1,171,250 | - | $3,640,166 |
| Occupancy | $2,405,798 | - | - | $2,405,798 |
| Advertising | $732,705 | - | - | $732,705 |
| Insurance | $517,947 | - | - | $517,947 |
| Fees for Services Management | $371,487 | - | - | $371,487 |
| Office Expenses | $308,028 | $61,435 | - | $369,463 |
| Payroll Taxes | $228,341 | $108,325 | - | $336,666 |
| Other Employee Benefits | $202,965 | $96,287 | - | $299,252 |
| Fees for Services Other | $252,397 | $822 | $0 | $253,219 |
| Fees for Services Accounting | - | $162,931 | - | $162,931 |
| Other Expenses | $133,028 | $32,775 | - | $133,028 |
| Information Technology | $121,308 | - | - | $121,308 |
| Fees for Services Legal | - | $80,842 | - | $80,842 |
| Travel | - | $53,508 | - | $53,508 |
| Pension Plan Contributions | $31,594 | $14,988 | - | $46,582 |
| All Other Expenses | $18,988 | $0 | $0 | $18,988 |
| Interest | $5,649 | - | - | $5,649 |
| Total Functional Expenses | $14,009,194 | $2,995,199 | $0 | $17,004,393 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $17,004,393 |
| Total Expenses per Form 990 | $17,004,393 |
| Total Expenses per Audited Statements | $14,510,572 |
| Expenses Not Reported on Financial Statements | $0 |
| Other Expense Adjustments | $0 |
| Expenses Not Reported on Form 990 | $-2,493,821 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Liability | Amount |
|---|---|
| Refundable Deposits | $182,716,585 |
| Bond | Issuer | Issued | Issue Price | Purpose |
|---|---|---|---|---|
| A | Westchester County Local Development Corporation | 2021-11-10 | $219,130,000 | PSLC Project & Entrance Fee Principal Redemption - Series 2021A |
| C | Westchester County Local Development Corporation | 2021-11-10 | $58,775,000 | PSLC Project & Entrance Fee Principal Redemption - Series2021C |
| B | Westchester County Local Development Corporation | 2021-11-10 | $23,605,000 | PSLC Project & Entrance Fee Principal Redemption - Series 2021B |
| Bond | Total Proceeds | Spent | Retired | Issuance Costs |
|---|---|---|---|---|
| A | $231,341,547 | $90,155,542 | $4,410,000 | $4,542,492 |
| C | $59,866,254 | $24,181,500 | - | $1,175,500 |
| B | $23,898,966 | $9,711,685 | - | $472,100 |
“The membership of the Corporation shall consist of one member: Purchase College Advancement Corporation.”
“The member shall designate and elect the directors of the Corporation.”
“The member shall establish, and amend as necessary, the by-laws of the Corporation.”
“The Form 990 is first reviewed by the manager of finance and the director of finance for campus foundations and related entities. Pending their approval, and prior to filing, the Form 990 is provided electronically to the full board for comments or questions.”
“The conflict of interest policy provides for annual written acknowledgement by each trustee or officer that each has read and is familiar with the conflict of interest policy and as to whether or not the trustee or officer has a conflict of interest. If a conflict exists, the complete details of the conflict are to be described in writing and submitted to the board chair or the president. The board chair or president shall refer the issue to the executive committee, or other board committee having descision-making authority over the substantive matter in question. The trustee or officer who discloses a direct or indirect financial interest in a proposed or existing contract, transaction, or arrangement may make a presentation and respond to questions by the body, but after such presentation, he or she shall leave the meeting during the discussion of, and vote on, the contract, transaction, or arrangement that results in the conflict of interest. Each year at the board of trustees' annual meeting, the conflict of interest policy is distributed and written acknowledgements submitted during the course of the year, financial results and transactions are reviewed for reasonableness and appropriateness, including with regard to any potential for there being a conflict. The conflict of interest policy expressly states that family and business relationships may be sources of potential conflicts.”
“The Organization's governing documents, conflict of interest policy, and financial statements are available upon request.”
“Intercompany Transfer - -8788315;”
“This process has not changed from the prior year.”
“PSLC was designated by the IRS as a tax-exempt 501(c)(3) corporation effective December 7, 2016. Therefore, PSLC's income will generally not be subject to federal or state income taxes. The Organization accounts for uncertainty in income taxes recognized in the consolidated financial statements using a recognition threshold of more likely than not as to whether the uncertainty will be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. Management determined there were no tax uncertainties that met the recognition threshold.”
“Marketing and Sales incentives netted on financial statements - -2493821”
“Marketing and Sales incentives netted on financial statements - -2493821”
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/BooksInCareOfDetail/PhoneNum | 0 | 9144174201 |
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| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 4 | One North Lexington Avenue |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine2Txt | 0 | Suite 820 |
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| IRS990/Desc | 0 | The Purchase College Advancement Corporation (PCAC), a member-less New York State not-for-profit corporation with federal 501(c)(3) designation, was formed to develop and operate a senior living and learning complex to be built on the campus of Purchase College, State University of New York (SUNY), on a 40.05 acre parcel of land leased from SUNY. Using a $5,250,000 grant from Purchase College Foundation Housing Corporation (PCFHC), PCAC stewarded the enabling legislation, market research, design, and contractual arrangements with the various project consultants and with an operations manager. Key provisions of the enabling legislation include giving PCAC the right to construct up to 385 living units, of which 20% are to be affordable to residents whose income is 80% or less of the Westchester County median income, and that the proceeds are to be used by the college, divided 75% for TAP eligible student scholarships and 25% for new full-time faculty. The initial phase of the development consists of 220 independent living units, of which 44 are the aforementioned affordable units, 36 assisted living suites, 32 memory care suites, and a building containing community amenities such as dining venues, health and wellness facilities, classrooms, etc., all totaling approximately 550,000 of conditioned space, and related infrastructure improvements. The community's Offering Plan for this initial phase has been approved by the New York State Attorney General. PCAC created a separate New York State not-for-profit corporation, Purchase Senior Learning Community Inc. (PSLC), whose sole member is PCAC. PSLC has also received 501(c)(3) designation by the Internal Revenue Service. PSLC is the Sponsor of the community, is the obligor of the tax exempt bond financing, and is the sub-lessee of the land. As of May, 2018, all contracts and work products have been transferred from PCAC to PSLC. In October, 2018, PSLC raised $15,000,000 in bond anticipation note funds which were used to complete the remainder of the pre-development and pre-marketing efforts. On November 10, 2021, PSLC closed on the issuance of $398,090,000 of bonds issued through the Westchester County Local Development Corporation, of which $391,200,000 are tax-exempt to the bondholders for both New York State and Federal income taxes, and $6,890,000 are taxable. With initial issue premiums, the total proceeds of the bond financing was $406,084,608. The bond proceeds are being used to: refund the $15,000,000 of bond anticipation notes, together with accreted interest; to fund the hard and soft costs of the construction of the project; to fund capitalized interest; to fund debt service reserves; to fund certain start-up losses; and to fund the costs of issuance. Construction of the community, known as Broadview Senior Living at Purchase College, began immediately after financing was obtained in November 2021. The community opened and welcomed its first resident December 8, 2023. All construction was completed in the late summer of 2024. The goals of the community are to support the education mission of the college through the provision of revenue, generated from ground rent of the lease, to fund scholarships for students, to enhance the college's ability to compete for faculty dedicated to transformative engagement with the student body, and to create an environment fostering inquiry based, intergenerational learning that not only sustains life, but improves it for all involved, all in furtherance of the purposes and objectives of the enabling legislation. With the addition of the residents of the senior living community, the college has become a center for life-long learning. It offers students of all ages unique, non-conventional access to opportunities for intellectual and social growth through academic, cultural and social activities. A second set of goals, equally as important, is to provide much needed, high-quality service-based housing and care for area seniors. |
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| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 25183 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 9821 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 8659 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 17 | 11583 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Elizabeth C Robertson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Kevin Plunkett |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Carl Austin |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Dr Kaare Weber |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Drew Fung |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Earle Yaffa |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Ernie Palmieri |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Judith J Nolan |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Kelly Jackson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Michael Kopas |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Michelle Ifill |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Milagros Pea |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | Simon Turner |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | Wayne M Rush |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | Amy Post |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | Constance Atiles-Hewitt |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | Stephen Mandracchia |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | Tina Witthoefft |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 138548 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 121768 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 103350 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 100490 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Chairman/President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Vice Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Vice President, Secretary, & Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Marketing Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | Human Resources director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | Food and beverage director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | Residency Counselor |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2016 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/OtherAmt | 0 | -224448 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 3187655 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 13 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 3187655 |
| IRS990/GrossReceiptsAmt | 0 | 13277662 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 13 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 4 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
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| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 121308 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 517947 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 517947 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 5649 |
| IRS990/InterestGrp/TotalAmt | 0 | 5649 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 624407 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 624407 |
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| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 0 |
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| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 129590326 |
| IRS990/InvestTaxExemptBondsInd | 0 | false |
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| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 364149033 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 370216390 |
| IRS990/LegalDomicileStateCd | 0 | NY |
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| IRS990/LoanOutstandingInd | 0 | false |
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| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
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| IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/MissionDesc | 0 | To develop and operate a senior learning housing community on land leased from the State University of New York on the Purchase College campus. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -23134536 |
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| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 2963207 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
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| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | -23134536 |
| IRS990/NondeductibleContributionsInd | 0 | false |
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| IRS990/OccupancyGrp/TotalAmt | 0 | 2405798 |
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| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 308028 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 369463 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OnBehalfOfIssuerInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 6520622 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -8788315 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 96287 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 202965 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 299252 |
| IRS990/OtherExpensesGrp/Desc | 0 | Repairs & Maintenance |
| IRS990/OtherExpensesGrp/Desc | 1 | Food Supplies |
| IRS990/OtherExpensesGrp/Desc | 2 | Other Supplies |
| IRS990/OtherExpensesGrp/Desc | 3 | Security Services |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 382 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 32775 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 271491 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 514791 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 283041 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 133028 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 271873 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 514791 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 315816 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 133028 |
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| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 182716585 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Sales Incentives |
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| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 2493821 |
| IRS990/OtherRevenueTotalAmt | 0 | 2493821 |
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| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 2468916 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 3640166 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 108325 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 228341 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 336666 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 14988 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 31594 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 46582 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 201540 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 309594 |
| IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt | 0 | Michael Kopas |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Patient Service Revenue |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Other Program Service Revenue |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 6948516 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 23263 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 6948516 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 23263 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 2381069 |
| IRS990/PYOtherExpensesAmt | 0 | 1643779 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
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