2018-03-14T11:49:37-05:00 2017-04-30 593070669 MOORE STEPHENS LOVELACE PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2016-05-01 591760028 KINNERET II INC KINN 4074254537 515 S DELANEY AVENUE ORLANDO FL 32801 SCOTT ZIMMERMAN VICE PRESIDENT/TREASURER 4074254537 2018-03-14 1 KURT A ALTER CPA P00059492 4077405400 64.132.121.122 2018-03-14 12:34:20 ED P A6970DBB2853E0D2E5FB43C562937A4824D79D77 A6970DBB2853E0D2E5FB43C562937A4824D79D77 2016 2021-01-29 14:40:06Z GEANNE SHARE 515 S DELANEY AVENUE ORLANDO FL 32801 1338645 0 X WWW.KINNERETAPARTMENTS.COM X 1977 FL KINNERET II, INC. IS THE OWNER OF A HUD SUBSIDIZED APARTMENT COMPLEX WHOSE MISSION IS TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES TO LOW INCOME ELDERLY THROUGH PARTICIPATION IN THE SECTION 202/8 PROGRAM. 15 15 37 15 0 0 22013 0 1294758 1335072 2532 2204 21053 1369 1340356 1338645 0 0 0 0 279350 284955 0 0 0 939029 928892 1218379 1213847 121977 124798 4553133 4391528 1589716 1303313 2963417 3088215 KINNERET II, INC. IS THE OWNER OF A HUD SUBSIDIZED APARTMENT COMPLEX WHOSE MISSION IS TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES TO LOW INCOME ELDERLY THROUGH PARTICIPATION IN THE SECTION 202/8 PROGRAM. 0 0 944489 1336441 THE ORGANIZATION OPERATES A LOW INCOME HOUSING PROJECT FOR ELDERLY AND HANDICAPPED INDIVIDUALS. 944489 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 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 1 0 0 0 1 6 0 1 37 1 0 0 0 0 0 0 0 0 0 0 X 15 15 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CATERET MANAGEMENT INC 7275781174 5300 W CYPRESS STREET SUITE 200 TAMPA FL 33607 X GEANNE SHARE PRESIDENT 5.00 X X 0 0 0 DON LEVIN VP, TREASURER 5.00 X X 0 0 0 DICK APPELBAUM VICE PRESIDENT 1.00 X X 0 0 0 ARLENE VAN DE RIJN SECRETARY 1.00 X X 0 0 0 MOLLIE SAVAGE DIRECTOR 2.00 X 0 0 0 LAUREN SHARFSTEIN DIRECTOR 1.00 X 0 0 0 VALERIE CHESTNUT DIRECTOR 1.00 X 0 0 0 JACOB HARA DIRECTOR 1.00 X 0 0 0 ROBERT HARA DIRECTOR 1.00 X 0 0 0 AMY LEFKOWITZ DIRECTOR 1.00 X 0 0 0 ALISON POLEJES DIRECTOR EMERITUS 1.00 X 0 0 0 PAUL MANDELKERN DIRECTOR EMERITUS 1.00 X 0 0 0 NEAL BLAHER DIRECTOR EMERITUS 1.00 X 0 0 0 SCOTT ZIMMERMAN DIRECTOR 1.00 X 0 0 0 FAYE NOVICK DIRECTOR 1.00 X 0 0 0 CAROL FEUERMAN DIRECTOR 1.00 X 0 0 0 LARRY GUTTER DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 GOVERNMENT RENTAL ASSI 531110 962753 962753 RENT FROM RESIDENTS 531110 363884 363884 LAUNDRY/VENDING 531110 6213 6213 SPECIAL CLAIMS - VACAN 531110 2222 2222 1335072 2204 2204 MISCELLANEOUS INCOME 531110 1369 1369 1369 1338645 1336441 0 2204 255871 102719 153152 428 428 28656 28656 71691 71691 17256 17256 4004 4004 76 76 14333 14333 3640 3640 1332 1332 86862 86862 262131 262131 84235 84235 REPAIRS AND MAINTENANCE 189083 189083 UTILITIES 143935 140009 3926 SERVICE COORDINATOR 48343 48343 EDUCATION 1430 454 976 541 237 304 1213847 944489 269358 0 132476 63242 8577 4194 66509 69361 6721145 3409845 3421514 3311300 923157 942711 900 720 4553133 4391528 156669 96587 1373674 1168151 59373 38575 1589716 1303313 X 2963417 3088215 2963417 3088215 4553133 4391528 124798 0 X X 0 1 X 1 1 1 X 53484 22013 0 75497 1250755 1268838 1297377 1294758 1335072 6446800 1250755 1268838 1350861 1316771 1335072 6522297 0 0 0 6522297 9336 4128 4128 2532 2204 22328 9336 4128 4128 2532 2204 22328 8891 21053 1369 31313 1260091 1272966 1363880 1340356 1338645 6575938 0.99180 0.99030 0.00340 0.00500 X 284377 284377 4171706 2540416 1631290 1551663 385098 1166565 713399 484331 229068 3311300 RESERVE FOR REPAIR AND REPLACEMENT 895465 F RESERVE FOR INSURANCE 24657 F RESERVE FOR RESIDUAL RECEIPTS 22589 F 942711 TENANT SECURITY DEPOSITS 31882 MORTGAGE INTEREST PAYABLE 6693 38575 1338645 0 1338645 0 1338645 1213847 0 1213847 0 1213847 FORM 990, PART VI, SECTION A, LINE 2 ROBERT HARA, A MEMBER OF THE BOARD OF DIRECTORS, IS THE FATHER OF ANOTHER BOARD MEMBER, JACOB HARA. DICK APPELBAUM IS THE FATHER OF ALISON POLEJES. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES ITS FINANCIAL REPORTING AND COMPLIANCE FUNCTIONS TO A MANAGEMENT COMPANY, CARTERET MANAGMENT. CARTERET MANAGEMENT CORPORATION ("CARTERET") IS THE HUD-APPROVED MANAGING AGENT FOR KINNERET. MANAGEMENT FEES TO CARTERET ARE EQUAL TO 6.75% OF COLLECTIONS FROM RESIDENTIAL INCOME AND MISCELLANEOUS INCOME. THE TERM OF THE MANAGEMENT AGREEMENT WAS FOR THREE YEARS AND EXPIRED ON NOVEMBER 30, 2016, THE MANAGEMENT AGREEMENT WAS RENEWED ON DECEMBER 1, 2016 AND EXPIRES ON NOVEMBER 30, 2017 WITH THE OPTION OF SELF-RENEWAL. UNDER THE NEW AGREEMENT, MANAGEMENT FEES TO CARTERET ARE EQUAL TO 4.89% OF COLLECTIONS FROM RESIDENTIAL, COMMERCIAL AND MISCELLANEOUS INCOME. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS IDENTIFIES A FINANCIALLY SOPHISTICATED DESIGNEE DIRECTOR TO REVIEW FORM 990 WITH OUR TAX PREPARER/CPA. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS OVERSEES THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, IN CONNECTION WITH THE BUDGETARY APPROVAL BY HUD OF THE BUDGET, OBTAINS COMPETITIVE SALARY INFORMATION THROUGH THE ASSOCIATION OF HOMES FOR THE AGED AND ESTABLISHES A COMPENSATION MATRIX APPLICABLE TO ALL ORGANIZATION EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 ALL POLICIES, COPIES OF FORM 990, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST TO THE PRESIDENT OF THE BOARD OF DIRECTORS. FORM 990, PART XII, LINE 2C OVERSIGHT OF THE AUDIT: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. KINNERET INC 515 S DELANEY AVENUE ORLANDO FL 32801 591760028 HOUSING FL 501(C)(3) LINE 10 N/A 0 KINNERET COUNCIL ON AGING INC 515 S DELANEY AVENUE ORLANDO FL 32801 593408517 SERVICES FOR RESIDENTS OF LOW-INCOME ELDERLY APARTMENT COMPLEX FL 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0