2025-11-17T09:19:31-06:00 2024-12-31 141555429 UHY ADVISORS NORTHEAST INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2024-01-01 141427968 SCHAFFER HEIGHTS HOUSING CORP SCHA 5183463438 101 NOTT TERRACE SCHENECTADY NY 12308 BRIAN FORGET PRESIDENT 5183463438 2025-11-10 1 0 F MICHAEL ZOVISTOSKI P00547760 5184493166 2025-11-10 2024 2025-03-06 01:10:19Z BRIAN FORGET 101 NOTT TERRACE SCHENECTADY NY 12308 2186935 0 X WWW.SCHAFFERHEIGHTS.COM X 1995 NY PROVIDE HOUSING TO SENIORS LIVING IN THE CITY OF SCHENECTADY AND THE SURROUNDING AREA. 6 6 0 6 0 0 0 0 2076676 2167353 6 19582 0 0 2076682 2186935 0 0 0 0 320354 316664 0 0 0 1841646 2071106 2162000 2387770 -85318 -200835 6992966 6964225 11221547 11159794 -4228581 -4195569 TO PROVIDE HOUSING TO SENIORS LIVING IN THE CITY OF SCHENECTADY AND THE SURROUNDING AREA. 0 0 1726616 2163353 APARTMENT COMPLEX FOR PERSONS 50 AND OVER. A TEN STORY COMPLEX WITH SEVEN FLOORS FOR RESIDENTIAL LIVING AND THREE FLOORS OF COMMERCIAL SPACE TO PROVIDE ANCILLARY SERVICES TO THE RESIDENTS OF THE COMPLEX. 1726616 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 NY X UNITED REALTY MANAGEMENT CORP 5186877300 300 JORDAN ROAD TROY NY 12180 X B DONALD ACKERMAN DIRECTOR 0.50 X 0 0 0 GARY HUGHES DIRECTOR 0.50 X 0 0 0 CATHY BERNE SMITH DIRECTOR 0.50 X 0 0 0 RANDY L STARK DIRECTOR 0.50 X 0 0 0 ROBERT HARRISON PRESIDENT 2.00 X X 0 0 0 BRIAN F FORGET TREASURER 2.00 X X 0 0 0 0 0 0 0 0 0 0 UNITED REALTY MANAGEMENT CORPORATATION 300 JORDAN ROAD TROY NY 12180 PROPERTY MANAGEMENT 129628 1 RENT REVENUE - RESIDEN 531110 1656151 1656151 RENT REVENUE - COMMERC 531120 473786 473786 RENT REVENUE - MISCELL 531110 14555 14555 TENANT CHARGES 531110 14531 14531 RENT REVENUE - GARAGE/ 531110 8330 8330 2167353 19582 19582 2186935 2167353 0 19582 257215 257215 29282 29282 30167 30167 129628 129628 17707 17707 16963 16963 36686 36686 83638 83638 455657 455657 605163 605163 196954 196954 OPERATING AND MAINTENAN 284927 284927 UTILITIES 132777 132777 PAYROLL 105374 105374 REAL ESTATE TAXES 3373 3373 2259 776 1483 2387770 1726616 661154 0 359441 107509 441601 504495 10815 25176 42390 42926 19334733 13444073 5976654 5890660 49695 40230 112370 353229 6992966 6964225 164805 210553 49366 95781 10905922 10742564 101454 110896 11221547 11159794 X -4228581 -4195569 -4228581 -4195569 6992966 6964225 -200835 233847 0 X 0 1 X 1 1 1 X 63900 63900 1798760 1838485 1960112 2076676 2167353 9841386 1798760 1838485 2024012 2076676 2167353 9905286 0 0 0 9905286 73 37 37 6 19582 19735 73 37 37 6 19582 19735 1798833 1838522 2024049 2076682 2186935 9925021 0.99800 1.00000 0.00200 X 0 0 560630 560630 18399522 13098479 5301043 331729 307061 24668 42852 38533 4319 5890660 TENANT DEPOSITS 113980 DEFERRED RENTS 239249 353229 TENANTS DEPOSITS 110896 110896 X 2186935 0 2186935 0 2186935 2387770 0 2387770 0 2387770 PART X, LINE 2: FASB ASC 740 TEXT OF FINANCIAL STATEMENTS FOOTNOTE RELATED TO UNCERTAIN TAX POSITIONS: THE COMPANY FOLLOWS THE GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD AN INCOME TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS AND APPLIES TO ALL INCOME TAX POSITIONS. EACH INCOME TAX POSITION IS ASSESSED USING A TWO STEP PROCESS. A DETERMINATION IS FIRST MADE AS TO WHETHER IT IS MORE LIKELY THAN NOT THAT THE INCOME TAX POSITION WILL BE SUSTAINED, BASED UPON TECHNICAL MERITS, UPON EXAMINATION BY THE TAXING AUTHORITIES. IF THE INCOME TAX POSITION IS EXPECTED TO MEET THE MORE LIKELY THAN NOT CRITERIA, THE BENEFIT RECORDED IN THE FINANCIAL STATEMENTS EQUALS THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY TO BE REALIZED UPON ITS ULTIMATE SETTLEMENT. THE INCOME TAX POSITIONS TAKEN BY THE COMPANY FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE (1) THAT THE COMPANY CONTINUES TO BE EXEMPT FROM INCOME TAXES AND (2) THAT THE COMPANY DOES NOT HAVE UNRELATED BUSINESS INCOME THAT WOULD BE SUBJECT TO INCOME TAXES. MANAGEMENT BELIEVES THESE TAX POSITIONS MEET THE MORE-LIKELY-THAN-NOT THRESHOLD AND, ACCORDINGLY, THE TAX BENEFITS OF THESE INCOME TAX POSITIONS (NO INCOME TAX EXPENSE OR LIABILITY) HAVE BEEN RECOGNIZED FOR THE YEARS ENDED ON OR BEFORE DECEMBER 31, 2021. THE COMPANY BELIEVES THAT THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX BENEFITS WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF THE COMPANY'S FEDERAL OR STATE INCOME TAX RETURNS IS CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR STATE AUTHORITIES. FORM 990, PART VI, SECTION A, LINE 3 DELEGATION OF MANAGEMENT DUTIES: RENTAL OPERATIONS ARE MANAGED FOR THE ORGANIZATION BY UNITED REALTY MANAGEMENT CORPORATION. THE BOARD APPROVES AND CONTROLS THE BUDGET AND MONITORS THE OPERATIONS AND FINANCES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCEDURE: THE FORM 990 IS REVIEWED BY THE OFFICERS AND THE BOARD PRIOR TO FINALIZATION AND FILING. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC ACCESS TO ORGANIZATIONAL DOCUMENTS: GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST.