2024-07-08T08:26:18-05:00 2023-12-31 161092347 MENGEL METZGER BARR & CO LLP 11 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2023-01-01 237029088 TAP INC TAPI 5182743050 210 RIVER STREET TROY NY 121803810 BARBARA L NELSON EXECUTIVE DIRECTOR 5182743050 2024-06-20 1 BARBARA NELSON 999009999 1 ALAN W CLINK CPA P01256785 5187850134 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z BARBARA L NELSON 210 RIVER STREET TROY NY 121803810 1215296 0 X WWW.TAPINC.ORG X 1969 NY TAP, INC. RESTORES, REBUILDS, AND REVITALIZES URBAN NEIGHBORHOODS AND HISTORIC STRUCTURES; SHAPING INCLUSIVE AND HEALTHY COMMUNITIES. 9 9 23 0 0 0 255724 502151 799372 692628 2490 2684 19103 3125 1076689 1200588 575 88 0 0 713314 771043 0 0 4898 425654 477541 1139543 1248672 -62854 -48084 2726833 2979264 126101 397736 2600732 2581528 TAP, INC. RESTORES, REBUILDS, AND REVITALIZES URBAN NEIGHBORHOODS AND HISTORIC STRUCTURES; SHAPING INCLUSIVE AND HEALTHY COMMUNITIES. 0 0 176353 144333 PROPERTY RENTAL TO LOW TO MODERATE INCOME INDIVIDUALS. APPROXIMATELY 50 SERVED. 301307 323933 PROJECTS-DESIGN/DRAFTING/PLANNING SERVICES TO PROPERTY OWNERS (LOW AND MODERATE INCOME), NON-PROFITS AND BUSINESSES PRIMARILY IN THE CAPITAL DISTRICT AREA. APPROXIMATELY 66 SERVED. 365199 88 224362 COMMUNITY DEVELOPMENT-DESIGN/DRAFTING/PLANNING SERVICES TO PROPERTY OWNERS AND NON-PROFITS IN HUD DESIGNATED LOW TO MODERATE INCOME CENSUS TRACTS IN BLIGHTED AREAS OF TROY.SPECIAL FOCUS ON PRESERVATION OF HISTORIC ARCHITECTURE, COMMUNITY REVITALIZATION AND HOMEOWNER SERVICES. APPROXIMATELY 106 SERVED. 842859 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 21 0 1 23 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X BARBARA NELSON 5182743050 210 RIVER STREET TROY NY 121803810 KEVIN GLASHEEN BOARD OF DIRECTORS 1.00 X 0 0 0 MICHAEL MCDONOUGH BOARD OF DIRECTORS 1.00 X 0 0 0 BEVERYLY HICKMAN BOARD OF DIRECTORS 1.00 X 0 0 0 ROBERTA SINGLETON BOARD OF DIRECTORS 1.00 X 0 0 0 CAROLINE NAGY BOARD OF DIRECTORS 1.00 X 0 0 0 OLIVIA BRAZEE PRESIDENT 1.00 X X 0 0 0 JODI SMITS ANDERSON SECRETARY 1.00 X X 0 0 0 MICHAEL BONGIORNI TREASURER 1.00 X X 0 0 0 NANCY KLEPSCH VICE PRESIDENT 1.00 X X 0 0 0 BARBARA L NELSON EXECUTIVE DIRECTOR 45.00 X 85000 0 0 85000 0 0 0 0 0 0 0 477784 24367 502151 DHCR CLIENTS/RENTAL 900003 685292 685292 MISCELLANEOUS INCOME 900001 7336 7336 692628 2684 2684 17833 14708 3125 3125 1200588 692628 0 5809 88 88 85000 49213 32387 3400 587784 522653 64503 628 39591 33652 5701 238 58668 49868 8448 352 6265 6120 145 21317 8975 12342 5668 4729 939 2554 648 1906 1660 1660 86458 75559 10899 34025 28403 5622 PROFESSIONAL FEES 160750 5857 154873 20 REPAIR AND MAINTENANCE 72696 60811 11885 MISCELLANEOUS 45750 45 45604 101 BAD DEBTS 23409 23409 16989 2358 14617 14 1248672 842859 400915 4898 860562 457622 38233 64862 287767 322309 17329 9750 3969591 2408020 1316811 1561571 22594 392691 183537 170459 2726833 2979264 112427 141474 1100 57466 186200 12574 12596 126101 397736 X 1460423 1495252 1140309 1086276 2600732 2581528 2726833 2979264 -48084 28880 0 X X 0 1 X 1 0 X 224382 214328 548906 255724 502151 1745491 455413 489758 463475 796529 685292 2890467 679795 704086 1012381 1052253 1187443 4635958 0 0 0 4635958 5249 2359 2642 2490 2684 15424 5249 2359 2642 2490 2684 15424 42157 3678 7337 21946 10461 85579 727201 710123 1022360 1076689 1200588 4736961 0.97870 0.97700 0.00330 0.00380 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 9,122. 2020 AMOUNT: $ 3,678. 2021 AMOUNT: $ 6,709. 2022 AMOUNT: $ 2,843. 2023 AMOUNT: $ 7,336. FUNDRAISING - 2019 AMOUNT: $ 33,035. 2021 AMOUNT: $ 628. 2022 AMOUNT: $ 19,103. 2023 AMOUNT: $ 3,125. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 219720 219720 3502440 2328641 1173799 247431 79379 168052 1561571 DEPOSITS 12596 RESTRICTED RESERVES 107863 COMMUNITY LOAN FUND 50000 170459 SECURITY DEPOSITS 12596 12596 X 1229468 28880 28880 1200588 0 1200588 1248672 0 1248672 0 1248672 PART X, LINE 2: TAP, INC. IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION SECTION 740, INCOME TAXES, THE TAX STATUS OF TAX-EXEMPT ENTITIES IS AN UNCERTAIN TAX POSITION, SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE TAX-EXEMPT STATUS. MANAGEMENT OF TAP, INC. IS NOT AWARE OF ANY EVENTS THAT COULD JEOPARDIZE TAX-EXEMPT STATUS. THEREFORE, NO LIABILITY OR PROVISION FOR INCOME TAX HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. IN ADDITION, TAP, INC. QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). ANNUAL FUNDRAISER FOR ENDOWMENT 17833 17833 1669 5906 1289 5844 17833 17833 1669 5906 1289 5844 14708 3125 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS FORM 990 BEFORE SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CODE OF CONDUCT REQUIRES THAT ALL EMPLOYEES, VOLUNTEERS, OFFICERS AND DIRECTORS AVOID ANY REAL, POTENTIAL OR PERCEIVED CONFLICTS OF INTEREST BETWEEN THE INTERESTS OF THE CORPORATION ON ONE HAND, AND PERSONAL, PROFESSIONAL, AND BUSINESS INTERESTS ON THE OTHER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT OVERSEES THE FINANCIAL STATEMENT AUDIT AND A COMMITTEE TO SELECT THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ST JEAN LLC 210 RIVER STREET TROY NY 12180 934317918 TO OPERATE AND MANAGE LOW-TO-MODERATE HOUSING IN THE CITY OF TROY, NY NY 0 194090 TAP INC 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ST JEAN LLC D 233499 FAIR MARKET VALUE