TY 2010 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2010

For calendar year 2010, or tax year beginning 10-01-2010 , and ending 09-30-2011

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
THE HOME FOR THE AGED

Number and street (or P.O. box number if mail is not delivered to street address)620 UNION ST Room/suite

City or town, state, and ZIP code
HUDSON, NY12534

A Employer identification number

14-1436628

B Telephone number (see page 10 of the instructions)

(518) 828-3215

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$2,927,329J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	2,327
2	Check
3	Interest on savings and temporary cash investments	7		7	7
4	Dividends and interest from securities......	83,018		83,018	83,018
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		303,493
b	Gross sales price for all assets on line 6a 1,338,742
7	Capital gain net income (from Part IV, line 2)...			303,493
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		264,978
12	Total. Add lines 1 through 11........	653,823		386,518	83,025
13	Compensation of officers, directors, trustees, etc.	5,500
14	Other employee salaries and wages......	363,123
15	Pension plans, employee benefits.......	15,000
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		13,906	6,953	6,953	0
c	Other professional fees (attach schedule)....
17	Interest...............	27,129		27,129
18	Taxes (attach schedule) (see page 14 of the instructions)		61,752	125	125	58,328
19	Depreciation (attach schedule) and depletion...		25,323
20	Occupancy..............	58,961
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		187,279	4,094	4,094	77,655
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	757,973		38,301	11,172	135,983
25	Contributions, gifts, grants paid........	0				0
26	Total expenses and disbursements. Add lines 24 and 25	757,973		38,301	11,172	135,983
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-104,150
b	Net investment income (if negative, enter -0-)			348,217
c	Adjusted net income (if negative, enter -0-)...				71,853

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2010)

Form 990-PF (2010)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	22,585	37,075	37,075
	2	Savings and temporary cash investments..........	77,733	136,670	136,670
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	1,622,891	1,616,016	1,605,567
	c	Investments—corporate bonds (attach schedule)........	597,974	452,595	413,214
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis 1,114,508
		Less: accumulated depreciation (attach schedule) 379,705	760,126	734,803	734,803
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,081,309	2,977,159	2,927,329
	17	Accounts payable and accrued expenses..........	0
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................	3,054,379	2,950,764
	25	Temporarily restricted................	2,136	1,601
	26	Permanently restricted................	24,794	24,794
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	3,081,309	2,977,159
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	3,081,309	2,977,159

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	3,081,309
2	Enter amount from Part I, line 27a......................	2	-104,150
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	2,977,159
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	2,977,159

Form 990-PF (2010)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	PUBLICLY TRADED SECURITIES	P	2010-10-01	2011-09-30
b	PUBLICLY TRADES SECURITIES	P	2010-01-01	2011-09-30
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	98,608	108,031	-9,423
b	1,240,134	927,218	312,916
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-9,423
b			312,916
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	303,493
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3	-9,423

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2009	123,580	3,415,248	0.036185
2008	183,686	3,357,639	0.054707
2007	176,311	4,626,558	0.038108
2006	171,155	5,246,970	0.03262
2005	142,350	5,122,468	0.027789

2	Total of line 1, column (d) ......................	2	0.189409
3	Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years. . .	3	0.037882
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	3,230,123
5	Multiply line 4 by line 3.......................	5	122,364
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	3,482
7	Add lines 5 and 6.........................	7	125,846
8	Enter qualifying distributions from Part XII, line 4..............	8	135,983
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2010)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	3,482
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2............................	3	3,482
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	3,482
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	1,856
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,856
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,626
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?.............................

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on

page 27)? If “Yes,” complete Part XIV...........................

Yes

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Website address bullet

The books are in care of bullet

EDWARD P GINOUVES Telephone no. bullet

(518) 828-3215

Located at bullet

502 UNION STREETHUDSONNY ZIP+4 bullet

12534

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2010)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2010?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2010, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2010?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2010.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2010)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
EDWARD P GINOUVES	PRESIDENT 0	0
2 HARTWELL AVE HUDSON,NY12534	PRESIDENT 0	0
CARL G WHITBECK JR	TREASURER 0	0
436 UNION ST HUDSON,NY12534	TREASURER 0	0
SUSAN KOSKEY	SECRETARY 0	5,500	0	0
PO BOX 194 CLAVERACK,NY12513	SECRETARY 0	5,500	0	0
HILDEGARD THOMPSON	VICE PRES. 0	0
PO BOX 728 CLAVERACK,NY12513	VICE PRES. 0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










Total number of other employees paid over $50,000...................

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1	OPERATION OF THE ELDERLY CARE FACILITIES	135,983
2


3


4

Form 990-PF (2010)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3........................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

2,442,429

Average of monthly cash balances.......................

102,081

Fair market value of all other assets (see page 24 of the instructions)............

734,803

Total (add lines 1a, b, and c).........................

3,279,313

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) ..............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d..........................

3,279,313

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ............................

49,190

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

3,230,123

Minimum investment return. Enter 5% of line 5...................

161,506

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

Tax on investment income for 2010 from Part VI, line 5......

Income tax for 2010. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4.............................

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1.................................

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

135,983

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes................................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

135,983

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............

3,482

Adjusted qualifying distributions. Subtract line 5 from line 4...............

132,501

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2010)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(b) Years prior to 2009	(c) 2009	(d) 2010
1 Distributable amount for 2010 from Part XI, line 7					0
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......				0
b Total for prior years:2008, 2007, 2006			0
3 Excess distributions carryover, if any, to 2010:
a From 2005.......	142,350
b From 2006.......	171,155
c From 2007.......	176,311
d From 2008.......	183,686
e From 2009.......	123,580
fTotal of lines 3a through e.........		797,082
4Qualifying distributions for 2010 from Part
XII, line 4: $ 135,983
a Applied to 2009, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...
d Applied to 2010 distributable amount.....
e Remaining amount distributed out of corpus		135,983
5 Excess distributions carryover applied to 2010.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		933,065
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...			0
e Undistributed income for 2009. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........				0
f Undistributed income for 2010. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............		142,350
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......		790,715
10 Analysis of line 9:
a Excess from 2006....	171,155
b Excess from 2007....	176,311
c Excess from 2008....	183,686
d Excess from 2009....	123,580
e Excess from 2010....	135,983

Form 990-PF (2010)

Page 9

Part XIV

Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2010, enter the date of the ruling....... bullet

1995-01-19

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2010	(b) 2009	(c) 2008	(d) 2007	(e) Total
	71,853	91,566	79,710	132,709	375,838
b 85% of line 2a .........	61,075	77,831	67,754	112,803	319,463
c Qualifying distributions from Part XII, line 4 for each year listed .....	135,983	123,580	183,686	176,311	619,560
d Amounts included in line 2c not used directly for active conduct of exempt activities ....
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	135,983	123,580	183,686	176,311	619,560
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......	2,927,329	3,364,688	3,580,077	4,050,197	13,922,291
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...	107,361	113,841	111,921	154,219	487,342
c “Support” alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see page 27 of the instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number of the person to whom applications should be addressed:

Jo Tsouratos
620 Union Street
Hudson,NY12534
(518) 828-3215

bThe form in which applications should be submitted and information and materials they should include:

CALL FOR INFORMATION

cAny submission deadlines:

CALL FOR INFORMATION

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

CALL FOR INFORMATION

Form 990-PF (2010)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

bApproved for future payment

Total .................................. 3b

Form 990-PF (2010)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	7
4 Dividends and interest from securities....			14	83,018
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory			18	303,493
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aRESIDENT RENTS			16	224,834
bADMISSION FEES			16	40,000
cMISCELLANEOUS			16	144
d
e
12 Subtotal. Add columns (b), (d), and (e)..				651,496

13Total. Add line 12, columns (b), (d), and (e)...................

13651,496

(See worksheet in line 13 instructions on page 28 to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)
11C	INCOME PROVIDES SOURCES OF PAYMENT FOR WAGES, FOOD, ETC. NECESSARY FOR RUNNING THE ADULT HOME.

Form 990-PF (2010)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash....................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements............................

1b(4)

(5) Loans or loan guarantees..............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2010 AccountingFeesSchedule

Name:

THE HOME FOR THE AGED

EIN: 14-1436628

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	13,906

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2010 DepreciationSchedule

Name:

THE HOME FOR THE AGED

EIN: 14-1436628

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
BLDG & LAND	1989-11-15	141,486		L
GENERATOR	1989-11-15	12,300	12,300	M5
STOVE	1990-01-15	2,985	2,985	M5
A/C WIRING	1990-01-15	3,945	3,945	M5
LIGHTS-DOWNSTAIRS	1990-06-15	2,233	2,233	SL	15
HEATING SYSTEM	1990-09-17	53,288	53,288	SL	20
DISHWASHER	1991-06-15	2,834	2,834	SL	5
BATH PLUMBING	1991-08-15	4,275	4,275	SL	15
COMPUTER SOFTWARE	1991-01-30	346	346	M7
RUG-LIVINGROOM	1991-06-24	1,763	1,763	SL	5
CLOTHES WASHER	1991-09-17	409	409	SL	5
STORM WINDOWS	1992-03-01	7,265	7,265	SL	15
WATER HEATER	1992-03-01	2,358	2,358	M5
REFRIGERATOR	1993-03-15	540	539	M5
FLOORING-CARPETS	1993-05-15	692	692	M5
FLOORING CARPETS	1993-07-15	423	423	M5
TOASTER	1993-08-15	523	523	M5
LINOLEUM	1995-01-15	1,924	1,924	M7
STAIR CARPET	1995-02-15	478	478	M5
WORKSTATION-HAIRDR	1995-02-20	875	874	M7
VACUUM	1995-02-15	600	600	M5
A/C-KITCHEN	1995-08-15	600	600	M5
2 DOOR COOLER	1996-04-15	1,985	1,985	M5
KITCHEN FIRE SYSTE	1996-09-15	1,234	1,162	SL	15	72
PATIO	1997-08-15	6,070	5,299	SL	15	405
DINING CHAIRS	1996-12-15	4,519	4,519	M5
FREEZER	1997-04-15	670	670	M5
LINOLEUM-DR	1997-03-15	3,998	3,998	M5
TV	1997-06-15	1,317	1,317	M5
FAX MACHINE	1997-08-15	376	375	M5
BATH ADDITIONS	1998-06-15	92,322	29,193	SL	39	2,367
BATH ADDITIONS-II	1998-09-30	45,344	13,956	SL	39	1,163
FREEZER	1998-04-15	665	665	M7
2 REFRIGERATORS	1998-09-10	1,120	1,120	M7
CARPETING	1998-09-15	858	858	M5
QUEEN BED & BEDDIN	1998-09-20	998	997	M7
ALARM SYSTEM	1999-03-31	5,600	5,600	M10
PRINTER	1999-04-30	368	368	M3
BUILDING IMPROVMNT	1999-03-31	932	932	M10
OFFICE FURNITURE	1999-10-15	1,825	1,825	M7
SIDEWALK	2000-07-15	45,962	32,730	M15		2,716
WASHER	2000-01-11	472	472	M5
REFRIGERATOR	2000-04-19	560	560	M5
WATER HEATER	1999-12-17	4,481	4,481	M7
SIDEWALK	2000-11-10	9,298	6,279	M15		550
CABINETS/COUNTERS	2001-08-10	7,459	5,037	M15		441
ROOF	2001-08-10	5,500	5,225	M15	10	275
BLDG IMPR-PAINTING	2001-05-15	20,500	13,845	M15		1,212
BLDG IMPR-RESTORE	2001-08-02	35,750	8,406	SL	39	917
BLDG IMPR-CHIMNEY	2001-03-02	8,083	1,984	SL	39	207
BLDG IMPR-2ND PROJ	2001-10-22	13,250	3,031	SL	39	340
BLDG IMPR-3RD PROJ	2001-11-20	36,500	8,268	SL	39	936
BLDG IMPR-PAINTING	2001-12-06	6,300	3,883	M15		372
BLDG IMPR-4TH PROJ	2002-01-03	26,500	5,942	SL	39	679
BLDG IMPR-5TH PROJ	2002-03-12	8,550	1,880	SL	39	219
BLDG IMPR-6TH PROJ	2002-05-01	18,900	4,082	SL	39	485
BLDG IMPR-7TH PROJ	2002-08-05	58,500	12,250	SL	39	1,500
BLDG IMPR-8TH PROJ	2002-09-25	55,500	11,384	SL	39	1,423
BLDG IMPR-MASONRY	2002-09-05	7,000	1,447	SL	39	179
BLDG IMPR-BRICK	2002-07-16	8,000	1,674	SL	39	205
BUILDING IMPR	2002-10-16	3,200	653	M39		82
EQUIPMENT	2004-02-12	3,983	3,983	M5
BUILDING IMPROVE	2005-05-26	107,900	14,757	SL	39	2,767
SUNROOM	2005-06-10	5,575	763	SL	39	143
BLDG IMPROVEMENTS	2005-03-15	100,300	14,254	M39		2,572
BLDG IMPROVEMENTS	2007-08-16	19,589	1,548	SL	39	502
BLDG IMPROVEMENTS	2007-09-15	41,030	3,244	SL	39	1,052
EQUIPMENT	2007-03-12	4,745	3,925	M5		547
BLDG IMPROVEMENTS	2007-10-16	5,682	426	SL	39	146
BLDG IMPROVEMENTS	2007-11-14	33,096	2,476	SL	39	849

- TIN:

TY 2010 InvestmentsCorpBondsSchedule

Name:

THE HOME FOR THE AGED

EIN: 14-1436628

Name of Bond	End of Year Book Value	End of Year Fair Market Value
VARIOUS CORPORATE BONDS	452,595	413,214

- TIN:

TY 2010 InvestmentsCorpStockSchedule

Name:

THE HOME FOR THE AGED

EIN: 14-1436628

Name of Stock	End of Year Book Value	End of Year Fair Market Value
VARIOUS STOCKS & MUTUAL FUNDS	1,616,016	1,605,567

- TIN:

TY 2010 LandEtcSchedule2

Name:

THE HOME FOR THE AGED

EIN: 14-1436628

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
BLDG & LAND	141,486		141,486
GENERATOR	12,300	12,300
STOVE	2,985	2,985
A/C WIRING	3,945	3,945
LIGHTS-DOWNSTAIRS	2,233	2,233
HEATING SYSTEM	53,288	53,288
DISHWASHER	2,834	2,834
BATH PLUMBING	4,275	4,275
COMPUTER SOFTWARE	346	346
RUG-LIVINGROOM	1,763	1,763
CLOTHES WASHER	409	409
STORM WINDOWS	7,265	7,265
WATER HEATER	2,358	2,358
REFRIGERATOR	540	539	1
FLOORING-CARPETS	692	692
FLOORING CARPETS	423	423
TOASTER	523	523
LINOLEUM	1,924	1,924
STAIR CARPET	478	478
WORKSTATION-HAIRDR	875	874	1
VACUUM	600	600
A/C-KITCHEN	600	600
2 DOOR COOLER	1,985	1,985
KITCHEN FIRE SYSTE	1,234	1,234
PATIO	6,070	5,704	366
DINING CHAIRS	4,519	4,519
FREEZER	670	670
LINOLEUM-DR	3,998	3,998
TV	1,317	1,317
FAX MACHINE	376	375	1
BATH ADDITIONS	92,322	31,560	60,762
BATH ADDITIONS-II	45,344	15,119	30,225
FREEZER	665	665
2 REFRIGERATORS	1,120	1,120
CARPETING	858	858
QUEEN BED & BEDDIN	998	997	1
ALARM SYSTEM	5,600	5,600
PRINTER	368	368
BUILDING IMPROVMNT	932	932
OFFICE FURNITURE	1,825	1,825
SIDEWALK	45,962	35,446	10,516
WASHER	472	472
REFRIGERATOR	560	560
WATER HEATER	4,481	4,481
SIDEWALK	9,298	6,829	2,469
CABINETS/COUNTERS	7,459	5,478	1,981
ROOF	5,500	5,500
BLDG IMPR-PAINTING	20,500	15,057	5,443
BLDG IMPR-RESTORE	35,750	9,323	26,427
BLDG IMPR-CHIMNEY	8,083	2,191	5,892
BLDG IMPR-2ND PROJ	13,250	3,371	9,879
BLDG IMPR-3RD PROJ	36,500	9,204	27,296
BLDG IMPR-PAINTING	6,300	4,255	2,045
BLDG IMPR-4TH PROJ	26,500	6,621	19,879
BLDG IMPR-5TH PROJ	8,550	2,099	6,451
BLDG IMPR-6TH PROJ	18,900	4,567	14,333
BLDG IMPR-7TH PROJ	58,500	13,750	44,750
BLDG IMPR-8TH PROJ	55,500	12,807	42,693
BLDG IMPR-MASONRY	7,000	1,626	5,374
BLDG IMPR-BRICK	8,000	1,879	6,121
BUILDING IMPR	3,200	735	2,465
EQUIPMENT	3,983	3,983
BUILDING IMPROVE	107,900	17,524	90,376
SUNROOM	5,575	906	4,669
BLDG IMPROVEMENTS	100,300	16,826	83,474
BLDG IMPROVEMENTS	19,589	2,050	17,539
BLDG IMPROVEMENTS	41,030	4,296	36,734
EQUIPMENT	4,745	4,472	273
BLDG IMPROVEMENTS	5,682	572	5,110
BLDG IMPROVEMENTS	33,096	3,325	29,771

- TIN:

TY 2010 OtherExpensesSchedule

Name:

THE HOME FOR THE AGED

EIN: 14-1436628

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
UTILITIES	27,027
INSURANCE	69,111			28,096
HOSPITAL AND MEDICAL CARE	49,559			49,559
OFFICE	8,188	4,094	4,094
ELEVATOR SERVICE	6,829
REPAIRS AND MAINTENANCE	26,565

- TIN:

TY 2010 OtherIncomeSchedule2

Name:

THE HOME FOR THE AGED

EIN: 14-1436628

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ADMISSION FEES	40,000
RESIDENT RENTALS	224,834
MISCELLANEOUS	144

- TIN:

TY 2010 TaxesSchedule

Name:

THE HOME FOR THE AGED

EIN: 14-1436628

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PAYROLL	58,328			58,328
NYS FEE	250	125	125
FEDERAL EXCISE TAXES	3,174