Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE CHENANGO VALLEY HOME INC
DBA THE CHENANGO VALLEY APARTMENTS
Number and street (or P.O. box number if mail is not delivered to street address)24 CANASAWACTA ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NORWICH, NY13815
A Employer identification number

15-0543650
B Telephone number (see instructions)

(607) 334-6598
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$19,865,352J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I 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 instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 80,130
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 139,954 139,954 139,954
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 67,943
b Gross sales price for all assets on line 6a 2,649,695
7 Capital gain net income (from Part IV, line 2)... 67,943
8 Net short-term capital gain......... 67,943
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)....... Click to see attachment 1,246,599 0 1,246,599
12 Total. Add lines 1 through 11........ 1,534,626 207,897 1,454,496
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 90,440 0 0 90,440
14 Other employee salaries and wages...... 1,227,626 0 0 1,227,626
15 Pension plans, employee benefits....... 276,952 0 0 276,952
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 80,852 26,576 0 54,276
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment 178,869 0 178,869
20 Occupancy.............. 62,499 0 0 62,499
21 Travel, conferences, and meetings....... 1,902 0 0 1,902
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 349,708 0 0 349,708
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,268,848 26,576 178,869 2,063,403
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 2,268,848 26,576 178,869 2,063,403
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -734,222
b Net investment income (if negative, enter -0-) 181,321
c Adjusted net income (if negative, enter -0-)... 1,275,627
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 140,994 142,858 142,858
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet11,715
Less: allowance for doubtful accounts bullet   1,434 11,715 11,715
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable................. 50,000    
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 3,282    
9 Prepaid expenses and deferred charges.......... 2,660 6,274 6,274
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 13,639,636 Click to see attachment14,088,529 14,088,529
14 Land, buildings, and equipment: basis bullet9,097,651
Less: accumulated depreciation (attach schedule) bullet3,481,675 5,185,626 Click to see attachment5,615,976 5,615,976
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,023,632 19,865,352 19,865,352
Liabilities 17 Accounts payable and accrued expenses.......... 30,648 45,697
18 Grants payable.................    
19 Deferred revenue.................   42,920
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......   Click to see attachment233,200
22 Other liabilities (describe bullet) Click to see attachment45,675 Click to see attachment68,398
23 Total liabilities (add lines 17 through 22)......... 76,323 390,215
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 12,539,514 12,684,783
25 Net assets with donor restrictions............ 6,407,795 6,790,354
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 18,947,309 19,475,137
30 Total liabilities and net assets/fund balances (see instructions). 19,023,632 19,865,352
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
18,947,309
2
Enter amount from Part I, line 27a .....................
2
-734,222
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,262,050
4
Add lines 1, 2, and 3 ..........................
4
19,475,137
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
19,475,137
Form 990-PF (2020)
Form 990-PF (2020)
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    
b CAPITAL GAIN DISTRIBUTIONS P    
c KUBOTA BX 1870V P 2014-05-29 2020-02-11
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,572,492   2,573,835 -1,343
b 69,286     69,286
c 7,917 7,083 15,000 0
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       -1,343
b       69,286
c       0
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 67,943
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 instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 67,943
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter: 1974-03-06(attach copy of letter if necessary–see instructions)
b Reserved................................ 1 N/A
c All other domestic foundations enter 1.39% 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 0
3 Add lines 1 and 2........................... 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
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.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
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?................
    6
    Yes
     
    7
    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..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    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 .
    8b
    Yes
     
    9
    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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    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 instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.CHENANGOVALLEYHOME.ORG
    14
    The books are in care ofbulletJENNIFER RANDALL Telephone no.bullet (607) 334-6598

    Located atbullet24 CANASAWACTA STNORWICHNY ZIP+4bullet13815
    15
    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
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    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
    No
    1a
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    b
    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 instructions ........
    1b
     
     
    ........bullet
    c
    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 2020?.............
    1c
     
    No
    2
    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)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    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 instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 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 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    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 instructions ......
    5b
     
     
    .........bullet
    c
    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?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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 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
    BYRON M HARRINGTON PRESIDENT
    3.00     		0 0 0
    5049 STATE HWY 23
    NORWICH,NY13815
    PETER N DERENSIS VICE PRESIDENT
    3.00     		0 0 0
    215 MANLEY ROAD
    NORWICH,NY13815
    MARY W DAVIS SECRETARY
    3.00     		0 0 0
    23 PARK STREET
    NORWICH,NY13815
    ROSEMARIA Z COLE TREASURER
    3.00     		0 0 0
    PO BOX 875
    SHERBURNE,NY13460
    ALLISON GUNTHER ASST. TREASURER
    3.00     		0 0 0
    845 RIVER ROAD
    MT UPTON,NY13809
    MARY EL EMERSON MEMBER
    1.00     		0 0 0
    38 NORTH CANAL ST
    OXFORD,NY13830
    JOHN J ANTONOWICZ MEMBER
    1.00     		0 0 0
    68 SOUTH BROAD STREET
    NORWICH,NY13815
    MICHAEL J MCCOLLOUGH MEMBER
    1.00     		0 0 0
    16 SUMMIT STREET
    NORWICH,NY13815
    CATHLEEN J PERRY MEMBER
    1.00     		0 0 0
    337 NELSON ROAD
    SOUTH NEW BERLIN,NY13843
    LISA A NATOLI ESQ MEMBER
    1.00     		0 0 0
    26 CONKEY AVE BOX 135
    NORWICH,NY13815
    JENNIFER V RANDALL EXECUTIVE DIRECTOR
    40.00     		88,047 2,393 0
    24 CANASAWACTA STREET
    NORWICH,NY13815
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 AND MAINTENANCE OF AN ELDERLY CARE FACILITY 1,906,966
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see 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 instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    13,864,083
    b
    Average of monthly cash balances.......................
    1b
    141,926
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,615,976
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,621,985
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    19,621,985
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    294,330
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    19,327,655
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    966,383
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,063,403
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,063,403
    5
    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 instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,063,403
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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 instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see 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 2020, enter the date of the ruling....... bullet
    1974-03-06
    b Check box to indicate whether the organization is a private operating foundation described in section or
    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) 2020 (b) 2019 (c) 2018 (d) 2017
    0       0
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		2,063,403 1,815,303 1,530,857 1,858,235 7,267,798
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		2,063,403 1,815,303 1,530,857 1,858,235 7,267,798
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		644,255 597,662 610,417 611,273 2,463,607
    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) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see 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).)
    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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    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)
    aPaid during the year
    Total .................................bullet 3a 0
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aRESIDENT SERVICE FEES         955,460
    bINDEPENDENT LIVING FEES         258,650
    cENTRANCE FEES         28,276
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....         139,954
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        67,943
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER REVENUE     		    03 4,213  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 4,213 1,450,283
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,454,496
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1A LONG-TERM CARE OF ELDERLY
    1B MAINTENANCE OF FACILITY
    1C MAINTENANCE OF FACILITY AND CARE
    4 MAINTENANCE OF FACILITY AND CARE
    8 MAINTENANCE OF FACILITY AND CARE
    11A GENERAL PURPOSES OF THE ORGANIZATION
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    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
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    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) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    THE CHENANGO VALLEY HOME INC
    DBA THE CHENANGO VALLEY APARTMENTS
    Employer identification number

    15-0543650
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE CHENANGO VALLEY HOME INC
    DBA THE CHENANGO VALLEY APARTMENTS         		Employer identification number
    15-0543650
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    THE FREDERICK B & RAMONA E MIRABITO FOUNDATION
     
    185 N BROAD ST
     
    NORWICH, NY13815

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    THE RC SMITH FOUNDATION
     
    PO BOX 552 35 WEST MAIN ST
     
    NORWICH, NY13815

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE CHENANGO VALLEY HOME INC
    DBA THE CHENANGO VALLEY APARTMENTS         		Employer identification number

    15-0543650
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE CHENANGO VALLEY HOME INC
    DBA THE CHENANGO VALLEY APARTMENTS         		Employer identification number

    15-0543650
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2020 DepreciationSchedule
    Name:
    THE CHENANGO VALLEY HOME INC
     
    DBA THE CHENANGO VALLEY APARTMENTS
    EIN:
    15-0543650
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND 1951-01-01 60,000   L 0 % 0 0 0  
    LAND 1998-09-30 46,000   L 0 % 0 0 0  
    LAND IMPROVEMENTS - FAIR ST. 1999-12-01 1,802 1,374 VAR 20.000000000000 0 0 0  
    LAND IMPROVEMENTS - SEWER LINE 2005-05-30 5,234 1,596 SL 50.000000000000 104 0 104  
    GARDEN PROJECT 2017-09-11 41,806 2,439 VAR 40.000000000000 1,045 0 1,045  
    WALKER PROPERTY 2018-07-02 35,000   L 0 % 0 0 0  
    FURNITURE & FIXTURES 1994 ESTIMATE 1994-01-01 100,000 100,000 200DB 5.000000000000 0 0 0  
    FIREPLACE FOR SUN ROOM 1996-06-12 5,591 5,591 200DB 5.000000000000 0 0 0  
    BOARD ROOM TABLE 2008-09-22 1,169 584 200DB 5.000000000000 0 0 0  
    ORIGINAL BUILDING 1951-01-01 572,136 572,136 SL 30.000000000000 0 0 0  
    CENTER SECTION BUILDING 1951-01-01 442,680 442,680 SL 30.000000000000 0 0 0  
    SOUTH WING BUILDING 1976-01-01 417,384 365,211 SL 50.000000000000 8,348 0 8,348  
    SUN ROOM 1983-01-01 31,620 23,913 SL 40.000000000000 791 0 791  
    SCREEN ROOM 1983-01-01 8,085 8,085 SL 30.000000000000 0 0 0  
    IMPROVEMENTS 1983-01-01 65,000 44,525 SL 50.000000000000 1,300 0 1,300  
    SPRINKLER SYSTEM 1983-01-01 44,000 44,000 SL 15.000000000000 0 0 0  
    GARAGE 1983-01-01 17,712 17,712 SL 30.000000000000 0 0 0  
    CAPITAL IMPROVEMENTS 1993 1993-01-01 15,522 8,459 SL 50.000000000000 310 0 310  
    LANDSCAPING 1993-01-01 6,000 3,938 SL 40.000000000000 150 0 150  
    CAPITAL IMPROVEMENTS 1994 1994-01-01 2,526 1,326 SL 50.000000000000 50 0 50  
    CAPITAL IMPROVEMENTS 1995 1995-01-01 20,354 10,279 SL 50.000000000000 407 0 407  
    CAPITAL IMPROVEMENTS 1996 1996-08-21 2,539 1,185 SL 50.000000000000 51 0 51  
    RENOVATIONS 1999-09-30 158,392 64,149 SL 50.000000000000 3,168 0 3,168  
    IMPROVEMENTS-CANASAWACTA ST. 2000-09-19 40,076 14,229 SL 50.000000000000 802 0 802  
    IMPROVEMENTS-CANASAWACTA ST 2001-08-15 5,000 1,925 SL 50.000000000000 100 0 100  
    IMPROVEMENTS-CANASAWACTA ST 2002-08-15 17,928 6,544 SL 50.000000000000 359 0 359  
    IMPROVEMENTS-CANASAWACTA ST 2003-08-15 17,308 5,971 SL 50.000000000000 346 0 346  
    IMPROVEMENTS-CANASAWACTA ST 2004-08-15 11,733 3,813 SL 50.000000000000 235 0 235  
    INSULATION 2005-12-07 20,271 5,372 SL 50.000000000000 405 0 405  
    SUN ROOF 2006-06-28 4,800 4,240 SL 15.000000000000 320 0 320  
    SHOWER UNIT 2006-07-26 2,125 1,877 SL 15.000000000000 142 0 142  
    DECK IMPROVEMENTS 2006-12-06 2,334 2,062 SL 15.000000000000 156 0 156  
    DORMER WINDOWS 2007-02-08 860 760 SL 15.000000000000 57 0 57  
    ROOM 27 HALF BATH 2007-02-14 4,981 1,650 ADS 40.000000000000 124 0 124  
    SUMP PUMP FOR ELEVATOR 2007-02-14 1,253 1,253 200DB 5.000000000000 0 0 0  
    ALARM SYSTEM UPGRADES 2007-06-01 3,175 3,175 SL 7.000000000000 0 0 0  
    PAVING DRIVEWAY 2007-07-03 2,900 2,562 SL 15.000000000000 193 0 193  
    ROOM 3 IMPROVEMENTS 2007-08-13 2,850 944 ADS 40.000000000000 71 0 71  
    SAFETY GLASS FOR DOORS 2007-05-01 1,280 1,131 SL 15.000000000000 85 0 85  
    BUILDING IMPROVEMENTS 2006-12-31 8,989 2,978 ADS 40.000000000000 225 0 225  
    RICE PROPERTY 2007-06-01 110,909 29,391 SL 50.000000000000 2,218 0 2,218  
    SIDEWALK 2007-10-03 3,000 919 SL 40.000000000000 75 0 75  
    FLOORING 2008-08-07 4,695 2,876 SL 20.000000000000 235 0 235  
    BUILDING IMPROVEMENTS 2008-12-09 6,143 1,728 SL 40.000000000000 154 0 154  
    CARPETING 2009-04-06 2,283 1,284 SL 20.000000000000 114 0 114  
    DRIVEWAY IMPROVEMENTS 2009-09-02 1,800 1,013 SL 20.000000000000 90 0 90  
    UPSTAIRS BATHROOM REMODEL 2010-04-19 15,024 3,476 SL 40.000000000000 376 0 376  
    ROOM IMPROVEMENTS 2011-12-02 2,548 515 SL 40.000000000000 64 0 64  
    BUILDING IMPROVEMENTS 2011-09-02 4,330 902 SL 40.000000000000 108 0 108  
    ROOM IMPROVEMENTS 2012-12-28 6,744 1,180 SL 40.000000000000 169 0 169  
    BUILDING IMPROVEMENTS 2012-10-01 5,948 1,078 SL 40.000000000000 149 0 149  
    GARAGE PROJECT 2012-12-21 3,747 656 SL 40.000000000000 93 0 93  
    ROOM IMPROVEMENTS 2013-12-31 8,594 1,289 SL 40.000000000000 215 0 215  
    BUILDING IMPROVEMENTS 2013-11-26 8,059 1,226 SL 40.000000000000 201 0 201  
    GARAGE PROJECT 2013-02-01 1,007 174 SL 40.000000000000 25 0 25  
    SPRINKLER SYSTEM 2014-08-08 13,060 4,716 SL 15.000000000000 871 0 871  
    BRIDGE / HALLWAY ROOF 2014-11-26 18,592 2,363 SL 40.000000000000 465 0 465  
    BUILDING PROJECT 2014-12-01 3,126,253 397,295 ADS 40.000000000000 78,156 0 78,156  
    BUILDING IMPROVEMENTS 2015-05-30 30,666 4,003 SL 40.000000000000 767 0 767  
    BUILDING IMPROVEMENTS 2016-06-30 166,789 14,594 SL 40.000000000000 4,170 0 4,170  
    APARTMENT BUILDING 1999-09-30 1,973,560 877,416 SL 50.000000000000 39,471 0 39,471  
    CARPET 2010-10-14 1,231 949 SL 12.000000000000 102 0 102  
    SPRINKLERS 2011-07-19 5,800 3,287 SL 15.000000000000 387 0 387  
    LIGHTING 2011-03-04 6,867 4,044 SL 15.000000000000 458 0 458  
    ROOF PROJECT 2017-12-15 42,451 4,422 SL 20.000000000000 2,123 0 2,123  
    BOILER PROJECT 2017-08-29 33,467 3,905 SL 20.000000000000 1,673 0 1,673  
    ACCESS CONTROL SECURITY 2018-05-30 2,386 252 SL 15.000000000000 159 0 159  
    ELECTRICAL PANELS REPLACEMENT 2018-05-07 18,400 767 SL 40.000000000000 460 0 460  
    WALKER PROPERTY 2018-07-02 81,364 1,627 SL 50.000000000000 1,627 0 1,627  
    ADULT DAY CARE RENOVATIONS 2019-06-30 119,919 1,499 SL 40.000000000000 2,998 0 2,998  
    CAPITAL IMPROVEMENTS 2019-06-30 146,501 1,831 SL 40.000000000000 3,663 0 3,663  
    EQUIPMENT 1994-01-01 46,501 46,501 SL 12.000000000000 0 0 0  
    LAWN TRACTOR 1998-10-21 5,126 5,126 SL 12.000000000000 0 0 0  
    AUTO 2002-04-17 14,925 14,925 SL 5.000000000000 0 0 0  
    DISHWASHER 2005-01-01 949 949 SL 5.000000000000 0 0 0  
    REFRIDGERATOR 2007-12-14 14,925 14,925 SL 12.000000000000 0 0 0  
    FRONT LOAD WASHER 2008-06-18 949 949 SL 12.000000000000 0 0 0  
    COPYSTAR MULTIFUNCTION COPIER 2008-10-13 2,085 2,085 SL 7.000000000000 0 0 0  
    TIMECLOCK 2008-11-21 550 550 SL 7.000000000000 0 0 0  
    CONDENSING UNITS 2008-12-15 1,800 1,688 SL 12.000000000000 112 0 112  
    SPEED QUEEN DRYER 2009-01-05 500 500 SL 7.000000000000 0 0 0  
    ENTRY SYSTEM 2009-07-21 3,206 3,206 SL 7.000000000000 0 0 0  
    HOUSEKEEPING WASHING MACHINE 2010-03-18 1,350 1,350 SL 7.000000000000 0 0 0  
    ICE MACHINE 2010-11-03 2,820 2,174 SL 12.000000000000 235 0 235  
    WHIRLPOOL WASHER 2011-12-31 778 778 SL 7.000000000000 0 0 0  
    TABLE SAW 2012-03-08 559 365 SL 12.000000000000 46 0 46  
    FORD TAURUS 2013-07-22 14,906 14,906 SL 5.000000000000 0 0 0  
    SNOWBLOWER 2013-12-16 979 979 SL 5.000000000000 0 0 0  
    KUBOTA BX 1870V 2014-05-29 15,000 6,979 SL 12.000000000000 104 0 104  
    SYMPHONY BATH HANDI-TUB 2010-03-12 4,044 2,763 SL 15.000000000000 270 0 270  
    PHONE SYSTEM 2015-07-14 6,174 1,852 SL 15.000000000000 412 0 412  
    COMPUTER EQUIPMENT 2017-09-22 3,119 1,404 SL 5.000000000000 624 0 624  
    KITCHEN EQUIPMENT 2017-08-01 1,522 736 SL 5.000000000000 304 0 304  
    MAINTENANCE EQUIPMENT 2017-06-14 1,431 739 SL 5.000000000000 286 0 286  
    NURSING EQUIPMENT 2017-12-27 3,260 1,304 SL 5.000000000000 652 0 652  
    CALL BELL SYSTEM 2017-07-06 44,000 7,333 SL 15.000000000000 2,933 0 2,933  
    FORD TRANSIT T-150 VAN 2018-05-14 36,692 12,231 SL 5.000000000000 7,338 0 7,338  
    SPEED QUEEN WASHER 2018-01-25 1,840 294 SL 12.000000000000 153 0 153  
    GARDEN FURNITURE 2018-04-10 5,863 855 SL 12.000000000000 489 0 489  
    ADMIN EQUIPMENT 2019-02-05 1,200 157 SL 7.000000000000 171 0 171  
    FOOD SERVICE EQUIPMENT 2019-06-07 1,249 104 SL 7.000000000000 178 0 178  
    ELECTRICAL 2001-03-07 503 503 SL 5.000000000000 0 0 0  
    ROOF ON MAIN BUILDING 2011-09-19 32,700 6,811 ADS 40.000000000000 818 0 818  
    BEAUTY SHOP CHAIR 2007-05-02 764 764 SL 7.000000000000 0 0 0  
    EXEC DIRECTOR DESK 2008-12-02 1,089 1,089 SL 7.000000000000 0 0 0  
    HOUSEKEEPING CAGES 2011-11-02 1,605 1,092 SL 12.000000000000 134 0 134  
    HVAC PROJECT 2020-06-01 537,573   SL 0 % 0 0 0  
    12 CANASAWACTA STREET 2020-02-07 48,826   ADS 40.000000000000 1,119 0 1,119  
    12 CANASAWACTA STREET - LAND 2020-02-07 6,820   L 0 % 0 0 0  
    KUBOTA BX1880VT TRACTOR 2020-03-01 17,000   SL 12.000000000000 1,181 0 1,181  
    GARAGE FIRE RECONSTRUCTION 2020-04-06 6,918   ADS 40.000000000000 130 0 130  

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE CHENANGO VALLEY HOME INC
     
    DBA THE CHENANGO VALLEY APARTMENTS
    EIN:
    15-0543650
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MARKETABLE SECURITIES AT COST 7,298,175 7,298,175
    DONOR RESTRICTED PERPETUAL TRUSTS AT COST 52,924 52,924
    BENEFICIAL INT IN PERPETUAL TRUSTS AT COST 6,737,430 6,737,430

    TY 2020 LandEtcSchedule2
    Name:
    THE CHENANGO VALLEY HOME INC
     
    DBA THE CHENANGO VALLEY APARTMENTS
    EIN:
    15-0543650
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 60,000 0 60,000  
    LAND 46,000 0 46,000  
    LAND IMPROVEMENTS - FAIR ST. 1,802 1,374 428  
    LAND IMPROVEMENTS - SEWER LINE 5,234 1,700 3,534  
    GARDEN PROJECT 41,806 3,484 38,322  
    WALKER PROPERTY 35,000 0 35,000  
    FURNITURE & FIXTURES 1994 ESTIMATE 100,000 100,000 0  
    FIREPLACE FOR SUN ROOM 5,591 5,591 0  
    BOARD ROOM TABLE 1,169 1,169 0  
    ORIGINAL BUILDING 572,136 572,136 0  
    CENTER SECTION BUILDING 442,680 442,680 0  
    SOUTH WING BUILDING 417,384 373,559 43,825  
    SUN ROOM 31,620 24,704 6,916  
    SCREEN ROOM 8,085 8,085 0  
    IMPROVEMENTS 65,000 45,825 19,175  
    SPRINKLER SYSTEM 44,000 44,000 0  
    GARAGE 17,712 17,712 0  
    CAPITAL IMPROVEMENTS 1993 15,522 8,769 6,753  
    LANDSCAPING 6,000 4,088 1,912  
    CAPITAL IMPROVEMENTS 1994 2,526 1,376 1,150  
    CAPITAL IMPROVEMENTS 1995 20,354 10,686 9,668  
    CAPITAL IMPROVEMENTS 1996 2,539 1,236 1,303  
    RENOVATIONS 158,392 67,317 91,075  
    IMPROVEMENTS-CANASAWACTA ST. 40,076 15,031 25,045  
    IMPROVEMENTS-CANASAWACTA ST 5,000 2,025 2,975  
    IMPROVEMENTS-CANASAWACTA ST 17,928 6,903 11,025  
    IMPROVEMENTS-CANASAWACTA ST 17,308 6,317 10,991  
    IMPROVEMENTS-CANASAWACTA ST 11,733 4,048 7,685  
    INSULATION 20,271 5,777 14,494  
    SUN ROOF 4,800 4,560 240  
    SHOWER UNIT 2,125 2,019 106  
    DECK IMPROVEMENTS 2,334 2,218 116  
    DORMER WINDOWS 860 817 43  
    ROOM 27 HALF BATH 4,981 1,774 3,207  
    SUMP PUMP FOR ELEVATOR 1,253 1,253 0  
    ALARM SYSTEM UPGRADES 3,175 3,175 0  
    PAVING DRIVEWAY 2,900 2,755 145  
    ROOM 3 IMPROVEMENTS 2,850 1,015 1,835  
    SAFETY GLASS FOR DOORS 1,280 1,216 64  
    BUILDING IMPROVEMENTS 8,989 3,203 5,786  
    RICE PROPERTY 110,909 31,609 79,300  
    SIDEWALK 3,000 994 2,006  
    FLOORING 4,695 3,111 1,584  
    BUILDING IMPROVEMENTS 6,143 1,882 4,261  
    CARPETING 2,283 1,398 885  
    DRIVEWAY IMPROVEMENTS 1,800 1,103 697  
    UPSTAIRS BATHROOM REMODEL 15,024 3,852 11,172  
    ROOM IMPROVEMENTS 2,548 579 1,969  
    BUILDING IMPROVEMENTS 4,330 1,010 3,320  
    ROOM IMPROVEMENTS 6,744 1,349 5,395  
    BUILDING IMPROVEMENTS 5,948 1,227 4,721  
    GARAGE PROJECT 3,747 749 2,998  
    ROOM IMPROVEMENTS 8,594 1,504 7,090  
    BUILDING IMPROVEMENTS 8,059 1,427 6,632  
    GARAGE PROJECT 1,007 199 808  
    SPRINKLER SYSTEM 13,060 5,587 7,473  
    BRIDGE / HALLWAY ROOF 18,592 2,828 15,764  
    BUILDING PROJECT 3,126,253 475,451 2,650,802  
    BUILDING IMPROVEMENTS 30,666 4,770 25,896  
    BUILDING IMPROVEMENTS 166,789 18,764 148,025  
    APARTMENT BUILDING 1,973,560 916,887 1,056,673  
    CARPET 1,231 1,051 180  
    SPRINKLERS 5,800 3,674 2,126  
    LIGHTING 6,867 4,502 2,365  
    ROOF PROJECT 42,451 6,545 35,906  
    BOILER PROJECT 33,467 5,578 27,889  
    ACCESS CONTROL SECURITY 2,386 411 1,975  
    ELECTRICAL PANELS REPLACEMENT 18,400 1,227 17,173  
    WALKER PROPERTY 81,364 3,254 78,110  
    ADULT DAY CARE RENOVATIONS 119,919 4,497 115,422  
    CAPITAL IMPROVEMENTS 146,501 5,494 141,007  
    EQUIPMENT 46,501 46,501 0  
    LAWN TRACTOR 5,126 5,126 0  
    AUTO 14,925 14,925 0  
    DISHWASHER 949 949 0  
    REFRIDGERATOR 14,925 14,925 0  
    FRONT LOAD WASHER 949 949 0  
    COPYSTAR MULTIFUNCTION COPIER 2,085 2,085 0  
    TIMECLOCK 550 550 0  
    CONDENSING UNITS 1,800 1,800 0  
    SPEED QUEEN DRYER 500 500 0  
    ENTRY SYSTEM 3,206 3,206 0  
    HOUSEKEEPING WASHING MACHINE 1,350 1,350 0  
    ICE MACHINE 2,820 2,409 411  
    WHIRLPOOL WASHER 778 778 0  
    TABLE SAW 559 411 148  
    FORD TAURUS 14,906 14,906 0  
    SNOWBLOWER 979 979 0  
    SYMPHONY BATH HANDI-TUB 4,044 3,033 1,011  
    PHONE SYSTEM 6,174 2,264 3,910  
    COMPUTER EQUIPMENT 3,119 2,028 1,091  
    KITCHEN EQUIPMENT 1,522 1,040 482  
    MAINTENANCE EQUIPMENT 1,431 1,025 406  
    NURSING EQUIPMENT 3,260 1,956 1,304  
    CALL BELL SYSTEM 44,000 10,266 33,734  
    FORD TRANSIT T-150 VAN 36,692 19,569 17,123  
    SPEED QUEEN WASHER 1,840 447 1,393  
    GARDEN FURNITURE 5,863 1,344 4,519  
    ADMIN EQUIPMENT 1,200 328 872  
    FOOD SERVICE EQUIPMENT 1,249 282 967  
    ELECTRICAL 503 503 0  
    ROOF ON MAIN BUILDING 32,700 7,629 25,071  
    BEAUTY SHOP CHAIR 764 764 0  
    EXEC DIRECTOR DESK 1,089 1,089 0  
    HOUSEKEEPING CAGES 1,605 1,226 379  
    HVAC PROJECT 537,573 0 537,573  
    12 CANASAWACTA STREET 48,826 1,119 47,707  
    12 CANASAWACTA STREET - LAND 6,820 0 6,820  
    KUBOTA BX1880VT TRACTOR 17,000 1,181 15,819  
    GARAGE FIRE RECONSTRUCTION 6,918 130 6,788  


    TY 2020 MortgagesAndNotesPayableSch
    Name:
    THE CHENANGO VALLEY HOME INC
     
    DBA THE CHENANGO VALLEY APARTMENTS
    EIN:
    15-0543650
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name FOUNTAINHEAD SBF LLC
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 233,200
    Balance Due 233,200
    Date of Note 2020-08
    Maturity Date  
    Repayment Terms FIXED
    Interest Rate 1.000000000000
    Security Provided by Borrower NONE
    Purpose of Loan PAYCHECK PROTECTION PROGRAM
    Description of Lender Consideration NONE
    Consideration FMV  


    TY 2020 OtherExpensesSchedule
    Name:
    THE CHENANGO VALLEY HOME INC
     
    DBA THE CHENANGO VALLEY APARTMENTS
    EIN:
    15-0543650
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 649 0 0 649
    ASSOCIATION FEES 7,318 0 0 7,318
    FOOD EXPENSES 142,852 0 0 142,852
    GIFTS 1,749 0 0 1,749
    INSURANCE 23,985 0 0 23,985
    MAINTENANCE 38,413 0 0 38,413
    SMALL TOOLS AND EQUIPMENT 42,288 0 0 42,288
    MEDICAL SUPPLIES 9,984 0 0 9,984
    OPERATING SUPPLIES 47,699 0 0 47,699
    OFFICE ADMINISTRATION 11,831 0 0 11,831
    RECREATION AND NEWSLETTER 22,940 0 0 22,940


    TY 2020 OtherIncomeSchedule2
    Name:
    THE CHENANGO VALLEY HOME INC
     
    DBA THE CHENANGO VALLEY APARTMENTS
    EIN:
    15-0543650
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RESIDENT SERVICE FEES 955,460   955,460
    INDEPENDENT LIVING FEES 258,650   258,650
    ENTRANCE FEES 28,276   28,276
    OTHER REVENUE 4,213   4,213


    TY 2020 OtherIncreasesSchedule
    Name:
    THE CHENANGO VALLEY HOME INC
     
    DBA THE CHENANGO VALLEY APARTMENTS
    EIN:
    15-0543650
    Description Amount
    UNREALIZED GAINS 580,391
    INVESTMENT RETURN FOR BENEFICIAL INTERESTS IN PERPETUAL TRUSTS 681,659


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE CHENANGO VALLEY HOME INC
     
    DBA THE CHENANGO VALLEY APARTMENTS
    EIN:
    15-0543650
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED LIABILITIES 45,675 68,398


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE CHENANGO VALLEY HOME INC
     
    DBA THE CHENANGO VALLEY APARTMENTS
    EIN:
    15-0543650
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 26,576 26,576 0 0
    PROFESSIONAL FEES 22,716 0 0 22,716
    PHYSICIAN FEES 31,560 0 0 31,560