2025-11-12T09:42:41-06:00 2024-12-31 460475780 GROSSMAN ST AMOUR CPAS PLLC 110 WEST FAYETTE STREET SUITE 900 SYRACUSE NY 13202 990 2024-01-01 883376759 SEED SYRACUSE INC SEED 3156855059 484 S SALINA ST SYRACUSE NY 13202 MARGARET O'CONNELL PRESIDENT 3156855059 2025-11-06 1 0 CHRISTINA R ONDRAKO CPA P01230318 3154241120 2024 2025-03-06 01:10:19Z MARGARET O'CONNELL 484 S SALINA ST SYRACUSE NY 13202 952348 0 X WWW.SEEDSYRACUSE.ORG X 2022 NY TO DEVELOP DISTRESSED COMMERCIAL PROPERTIES IN MARGINALIZED NEIGHBORHOODS AND ATTRACT, GROW AND CREATE BUSINESSES IN THESE PROPERTIES. 10 10 0 0 0 0 9352362 416929 0 0 -16211 0 345399 535419 9681550 952348 0 0 0 0 0 0 0 0 0 379407 498499 379407 498499 9302143 453849 9423729 10995161 87126 1305470 9336603 9689691 TO DEVELOP DISTRESSED PROPERTIES IN MARGINALIZED NEIGHBORHOODS AND ATTRACT, GROW, AND CREATE BUSINESSES THAT ARE COMMUNITY-OWNED AND CREATE JOBS FOR NEARBY RESIDENTS. 0 0 461031 DEVELOPMENT OF DISTRESSED PROPERTIES IN MARGINALIZED NEIGHBORHOODS THAT ATTRACTS, GROWS, AND CREATES BUSINESSES THAT ARE COMMUNITY OWNED AND OPERATED. 461031 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 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 1 0 0 0 0 1 14 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 NY X MARGARET O'CONNELL 3156855059 484 S SALINE STREET SYRACUSE NY 13202 X MARK ALLYN DIRECTOR 1.00 X 0 0 0 JULIA ALLYN DIRECTOR 1.00 X 0 0 0 MEAGHAN ALLYN DIRECTOR 1.00 X 0 0 0 MAARTEN JACOBS DIRECTOR 1.00 X 0 0 0 PETER KALINOWSKI DIRECTOR 1.00 X 0 0 0 DOMINIC ROBINSON DIRECTOR 1.00 X 0 0 0 MARGARET M O'CONNELL PRESIDENT 5.00 X 0 0 0 STEPHANIE PASQUALE VICE PRESIDENT 1.00 X 0 0 0 ERIC ALLYN TREASURER 1.00 X 0 0 0 DAVID ALLYN SECRETARY 1.00 X 0 0 0 0 0 0 0 0 0 0 ALEXANDER PROPERTIES WEST LLC 5316 COBBLER WAY CAMILLUS NY 13031 PROPERTY MANAGEMENT 130281 1 416929 416929 354062 0 354062 354062 354062 UTILITY COST RECOVERY 221000 163240 163240 MISCELLANEOUS 900099 18117 18117 181357 952348 535419 0 0 61939 46704 15235 32315 26674 5641 38451 26011 12440 997 957 40 63345 63345 24333 22846 1487 UTILITIES 185531 184236 1295 BUILDING MAINTENANCE 46424 46424 PROPERTY TAXES 20123 20123 BAD DEBT 19050 19050 5991 4661 1330 498499 461031 37468 0 573285 218212 157876 0 61622 0 420030 6632 8594528 413398 0 9086840 36418 1276711 9423729 10995161 87126 50175 0 1255295 87126 1305470 X 9336603 9689691 9336603 9689691 9423729 10995161 X 453849 -100761 X X 0 1 X 1 0 X 9352362 416929 9769291 9352362 416929 9769291 0 0 0 9769291 300299 354062 654361 300299 354062 654361 45100 181357 226457 9697761 952348 10650109 0.91730 0.06140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 254000 254000 166030 6632 159398 413398 9086840 C 9086840 DUE FROM SUBSIDIARIES 1276711 1276711 DUE TO RELATED PARTY 1255295 1255295 X 1306581 290000 64233 354233 952348 0 952348 949078 60000 390579 450579 498499 0 498499 PART X, LINE 2: THE ORGANIZATION COMPLIES WITH FASB ASC SUB-TOPIC 740-19, INCOME TAXES, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A MORE LIKELY THAN NOT THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN INCLUDING MAINTAINING TAX-EXEMPT STATUS. THE FOUNDATION BELIEVES ITS FINANCIAL STATEMENTS DO NOT INCLUDE ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: OTHER - SEE PART XIII PART XII, LINE 2D - OTHER ADJUSTMENTS: OTHER - SEE PART XIII SCHEDULE D PART XI LINE 2D AND PART XII LINE 2D DURING THE TAX YEAR, CHIMES MM, LLC WAS FORMED AND WILL REPORT THEIR ACTIVITY ON THEIR OWN FORM 1120 TAX RETURN. IN NOVEMBER 2024 OWNERSHIP IN CHIMES SYRACUSE, LLC WAS TRANSFERRED AND REPORTED ON A SEPARATE TAX RETURN FOR A PORTION OF THE YEAR. DESPITE THESE CIRCUMSTANCES, UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THE ORGANIZATION CONTINUES TO BE CONSOLIDATED WITH SEED SYRACUSE, INC. FOR FINANCIAL STATEMENT REPORTING PURPOSES DUE TO THEIR CONTROL. AS A RESULT, THE FINANCIAL STATEMENTS USED FOR PART XI AND XII REFLECT THE CONSOLIDATED FIGURES OF SEED SYRACUSE, INC. AND ITS CONTROLLED ENTITIES, INCLUDING CHIMES MM, LLC AND CHIMES SYRACUSE, LLC, WHILE THE FORM 990 REFLECTS THE FINANCIAL ACTIVITIES OF SEED SYRACUSE, INC AND THE ACTIVITY OF CHIMES SYRACUSE, LLC UNTIL SUCH DATE AS OWNERSHIP WAS TRANSFERRED. ERIC ALLYN FAMILY MEMBER OF MAJOR CONTRIBUTOR 170000 GRANT FROM ALLYN FAMILY FOUNDATION. 0 MARGARET O'CONNELL FAMILY MEMBER OF MAJOR CONTRIBUTOR 170000 GRANT FROM ALLYN FAMILY FOUNDATION 0 MEAGHAN ALLYN FAMILY MEMBER OF MAJOR CONTRIBUTOR 170000 GRANT FROM ALLYN FAMILY FOUNDATION. 0 PETER KALINOWSKI FAMILY MEMBER OF MAJOR CONTRIBUTOR 170000 GRANT FROM ALLYN FAMILY FOUNDATION. 0 JULIA ALLYN FAMILY MEMBER OF MAJOR CONTRIBUTOR 170000 GRANT FROM ALLYN FAMILY FOUNDATION. 0 FORM 990, PART VI, SECTION A, LINE 2 ERIC ALLYN AND MARGARET O'CONNELL ARE MARRIED JULIA ALLYN AND MEAGHAN ALLYN ARE THE DAUGHTERS OF ERIC & MARGARET PETER KALINOWSKI IS ERIC & MARGARET'S SON-IN-LAW ERIC ALLYN, MARK ALLYN, AND DAVID ALLYN ARE BROTHERS FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY ALL BOARD MEMBERS FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATIONS OFFICES. THE FORM 990 IS ALSO AVAILABLE FOR PUBLIC INSPECTION ON GUIDESTAR.COM OR AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: DURING THE TAX YEAR, CHIMES SYRACUSE, LLC, A PREVIOUSLY CONSOLIDATED -100,761. AFFILIATE FOR 990 PURPOSES, BECAME A STAND-ALONE ENTITY AND FILED IT'S OWN TAX RETURN FOR A PORTION OF THE YEAR AND AT YEAR END. IT'S NET ASSET ACTIVITY WAS ELIMINATED FROM SEED SYRACUSE, INC'S FORM 990 TO REFLECT THE CHANGE IN CONSOLIDATION. THIS ADJUSTMENT DOES NOT REPRESENT A GAIN OR LOSS TO THE ORGANIZATION BUT RATHER A REPORTING CHANGE TO REFLECT THE UPDATED ORGANIZATIONAL STRUCTURE. FORM 990, PART XII, LINE 2C THE AUDIT AND FINANCE COMMITTEE OF THE FOUNDATION ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. FORM 990, PAGE 1, SECTION B ELECTION FOR NON TREATMENT AS TAX EXEMPT ENTITY PURSUANT TO IRC SEC. 168(H)(6)(F)(II) CHIMES MM LLC 484 S SALINA STREET, SUITE 201 SYRACUSE, NY 13202 EMPLOYER IDENTIFICATION NUMBER : 99-0897460 FOR THE YEAR ENDING DECEMBER 31, 2024 CHIMES MM LLC HEREBY MAKES AN ELECTION UNDER SECTION 168(H)(6)(F)(II) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), WHICH PROVIDES THAT ANY GAIN RECOGNIZED BY A TAX-EXEMPT ENTITY (AS DEFINED IN SECTION 168(H)(2) OF THE CODE) ON ANY DISPOSITION OF AN INTEREST IN, AND ANY DIVIDEND INCOME OR INTEREST INCOME RECEIVED OR ACCRUED BY A TAX-EXEMPT ENTITY FROM CHIMES MM LLC, SHALL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 511. CHIMES SYRACUSE LLC 484 S SALINA ST SYRACUSE NY 13202 932231233 RENTAL REAL ESTATE NY SYRACUSE URBAN PARTNERSHIP INC 11 FENNELL STREET STE 1 SKANEATELES NY 13152 825069452 PRIVATE FOUNDATION NY 0 ALLYN FAMILY FOUNDATION INC 11 FENNELL STREET STE 1 SKANEATELES NY 13152 156017723 PRIVATE FOUNDATION NY 0 CHIMES SYRACUSE LLC 484 S SALINA ST SYRACUSE NY 13202 922231233 RENTAL REAL ESTATE NY 0 0 CHIMES MT LLC 484 S SALINA ST SYRACUSE NY 13202 331878958 RENTAL REAL ESTATE NY 0 0 CHIMES MM LLC 484 S SALINA ST SUITE 201 SYRACUSE NY 13202 990897460 RENTAL REAL ESTATE NY C 1.00000 0 0 1 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 ALLYN FAMILY FOUNDATION INC E 1255295 PRINCIPAL AND INTEREST ALLYN FAMILY FOUNDATION INC C 170000 CONTRIBUTION CHIMES MM LLC D 1255295 PRINCIPAL AND INTEREST SYRACUSE URBAN PARTNERSHIP INC J 20400 LEASE AGREEMENT CHIMES MM LLC B 9076151 CONTRIBUTION