2024-09-26T07:38:11-05:00 2023-12-31 510232399 BELFINT LYONS & SHUMAN PA 1011 CENTRE RD STE 310 WILMINGTON DE 19805 990 2023-01-01 516021992 LSS AFFORDABLE HOUSING FOUNDATION LSSA 3026544491 PO BOX 8340 WILMINGTON DE 19803 JOHN TEOLI EXECUTIVE DIRECTOR 3026544491 2024-08-22 1 0 JONATHAN D MOLL CPA P01053700 3022250600 2024-08-22 2023 2024-08-08 14:25:15Z X X JOHN TEOLI PO BOX 8340 WILMINGTON DE 19803 32791998 0 X N/A X 1967 DE PROVIDE HOUSING FOR ELDERLY AND HANDICAPPED. X 8 8 15 0 0 0 183219 389720 4239646 4609985 349 13578041 0 0 4423214 18577746 0 0 0 0 1114520 1740679 0 0 0 3656914 4365255 4771434 6105934 -348220 12471812 15379727 18160559 10072308 381328 5307419 17779231 X THE MISSION OF LUTHERAN SENIOR SERVICES, INC. SHALL BE TO PROVIDE IN LUTHER TOWERS I AND II ADEQUATE, SECURE, SAFE HOUSING FOR ELIGIBLE PERSONS OF LIMITED INCOME AN ATMOSPHERE OF PEACE AND DIGNITY, WITH A SENSE OF RESPONSIBLE COMMUNITY, AND TO PROVIDE SUCH SUPPORT SERVICES USING MANAGEMENT STAFF AND VOLUNTEERS AS SHALL BE NEEDED TO ACCOMPLISH THIS GOAL. 0 1 4397491 4609985 PROVIDE 217 ONE-BEDROOM AND 145 EFFICIENCY APARTMENTS FOR RENT TO THE ELDERLY. 4397491 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X THE CORPORATION 3026528797 1201 N HARRISON ST WILMINGTON DE 19806 PHILIP J KELLER PHD PRESIDENT 1.00 X X 0 0 0 JOHN SCHNEEWEIS SECRETARY 1.00 X X 0 0 0 W SCOTT WYCOFF PHD TREAS./ASST. SECRETARY 1.00 X X 0 0 0 JIM FOSKETT DIRECTOR 1.00 X 0 0 0 REV PATRICIA V WALLACE - RN DIRECTOR 1.00 X 0 0 0 KATHLEEN SCHELL PHD RN DIRECTOR 1.00 X 0 0 0 SUSAN PORTER VICE PRESIDENT 1.00 X X 0 0 0 JAMES MCGRATH DIRECTOR 1.00 X X 0 0 0 JOHN TEOLI EXECUTIVE DIRECTOR 40.00 X 582508 0 21223 DIANE MANGESIAN ADMISSIONS DIRECTOR 40.00 X 129683 0 4459 712191 0 25682 2 0 1 0 MARCUS & MILLICHAP 2005 MARKET ST 1510 PHILADELPHIA PA 19103 SETTLEMENT BROKERAGE FEE 700000 ALLIED UNIVERSAL SERCURITY SERVICES 1617 JOHN F KENNEDY BLVD STE 710 PHILADELPHIA PA 19103 SECURITY SERVICES 360426 CHILIMIDOS 108 HADDINGTON WAY HOCKESSIN DE 19707 CONSTRUCTION AND RENOVATION 274639 WIPFLI LLP 1717 ARCH STREET SUITE 750 PHILADELPHIA PA 19103 CONSULTING SERVICES 165841 PRD MANAGEMENT 587 HADDON AVE COLLINGSWOOD NJ 08108 CONSULTING SERVICES 120000 9 389720 389720 GOV'T TENANT ASSISTANCE 532000 2978960 2978960 LOW INCOME APARTMENT RENTAL 532000 1624926 1624926 OTHER FEE REVENUE 531390 6099 6099 4609985 718 718 27791575 14214252 13577323 13577323 13577323 18577746 4609985 0 13578041 603730 539665 64065 939747 836177 103570 11217 9983 1234 106519 94999 11520 79466 70837 8629 120000 120000 28703 28703 255341 255341 446216 442003 4213 12018 12018 121473 121473 1161061 1033344 127717 463867 412842 51025 671793 597896 73897 251525 223857 27668 PROJECT FINANCIAL FEES 829388 829388 MISC. TAXES AND LICENSE 3870 3870 6105934 4397491 1708443 0 294937 1447112 1194179 0 3239 31066 79118 53024 83787 34080 0 0 13724467 0 16595277 15379727 18160559 657045 335317 99508 0 124261 0 9059302 46011 132192 0 10072308 381328 X 5300379 17779231 7040 0 5307419 17779231 15379727 18160559 12471812 0 X X 0 1 X 1 1 1 X 135357 442498 645912 183219 389720 1796706 4145730 4246083 4063919 4239646 4609985 21305363 4281087 4688581 4709831 4422865 4999705 23102069 0 0 0 23102069 2656 920 378 349 718 5021 2656 920 378 349 718 5021 6180 6180 4289923 4689501 4710209 4423214 5000423 23113270 0.99950 0.99840 0.00020 0.00030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 X 18577746 0 18577746 0 18577746 6105934 0 6105934 0 6105934 PART X, LINE 2: FOR THE TAX YEAR 2023, THE COMPANY DETERMINED IT DID NOT HAVE A MATERIAL TAX LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FASB ACCOUNTING STANDARDS CODIFICATION 740 - INCOME TAXES. X X X 1 0 0 0 0 0 0 1 0 JOHN TEOLI EXECUTIVE DIRECTOR 179129 0 403379 0 0 0 0 0 21223 0 603731 0 0 0 PART I, LINE 4A DIANE MANGESIAN SEVERANCE PAYMENT OF $23,144. PART I, LINE 7 THE ORGANIZATION'S EXECUTIVE DIRECTOR RECEIVES PERFORMANCE BASED BONUS COMPENSATION THAT IS BUDGETED AND APPROVED BY THE BOARD OF DIRECTORS. DURING 2023, BONUS PAYMENTS INCLUDED COMPENSATION THAT RECOGNIZED PERFORMANCE ASSOCIATED WITH THE SALE OF THE PROPERTIES. SALE OF TOWERS I AND II AND CONTENTS, NET OF BROKERS FEE OF $700,000 2023-12-07 27091575 APPRAISAL LUTHER TOWERS PRESERVATION 30 HUDSON YARDS NEW YORK NY 10001 LIMITED PARTNERSHIP LEGAL FEES FOR SERVICES OF SALE OF TOWERS 2023-12-07 -90000 ACTUAL COST LEVITT & BOCCIO 423 W 55TH ST NEW YORK NY 10019 LIMITED LIABILITY PARTNERSHIP LEGAL FEES FOR SERVICES IN SALE OF TOWERS. 2023-12-07 -160000 ACTUAL COST NIXON PEABODY INTERNATIONAL LLP 55 W 46TH STREET NEW YORK NY 10036 LIMITED LIABILITY PARTNERSHIP LEGAL FEES FOR SERVICES IN SALE OF TOWERS 2023-12-07 -120000 ACTUAL COST TROUTMAN PEPPER 875 THIRD AVENUE NEW YORK NY 10022 LIMITED LIABILITY PARTNERSHIP 0 0 0 0 FORM 990, PART III, LINE 3 ON AUGUST 29, 2022, THE COMPANY ENTERED INTO AN AGREEMENT FOR THE SALE OF THE COMPANY'S PROPERTY. THE AGREEMENT WAS AMENDED ON SEPTEMBER 29, 2022, OCTOBER 6, 2022, AND NOVEMBER 1, 2022. THE PROPERTY SUBJECT TO THIS AGREEMENT INCLUDES THE LAND, BUILDING, AND IMPROVEMENTS OF LUTHER TOWERS I AND LUTHER TOWERS II, AS WELL AS OTHER ASSETS OF LUTHER TOWERS I AND LUTHER TOWERS II INCLUDING EQUIPMENT, FURNITURE AND OTHER PROPERTY USED IN OPERATIONS, INTEREST IN LEASES, INTANGIBLE PROPERTY, AND INTERESTS IN HUD CONTRACTS. THE SALE OF THE COMPANY'S PROPERTY WAS COMPLETED ON DECEMBER 7, 2023. AS OF THE SETTLEMENT DATE, THE PROJECT REPRESENTED ALL COMPANY OPERATIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED AND APPROVED BY THE BOARD PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD IS REQUIRED ANNUALLY TO DISCLOSE, IN WRITING, ANY RELATIONSHIPS OR CIRCUMSTANCES WHICH COULD CONTRIBUTE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL REVIEW OF COMPENSATION IS DONE BY THE ORGANIZATION AS PRESCRIBED BY ITS WRITTEN PERSONNEL POLICY. IT IS PERFORMED ANNUALLY BY THE BOARD OF DIRECTORS. THIS PROCESS IS USED FOR ALL COMPENSATED EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS AVAILABLE BY REQUEST. PART XII, LINE 2C EXPLANATION THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR AUDITOR SELECTION PROCESS DURING THE TAX YEAR.