Rochdale Village Bulletin - July 2026 Edition

Bulletin

Featured Story: Locust Manor LIRR Station gets an accessibility upgrade.

Serving over 25,000 cooperators in the world’s second largest housing cooperative.

ROCHDALE WE HAVE A DEAL!

By Cynthia Bernadine

New York City District 28 Councilmember Ty Hankerson negotiated a formal deal with New York City Department of Environmental Protection (DEP) structured to help Rochdale Village tackle its outstanding past due water and sewer debt; bringing some much needed financial relief to the Rochdale community.

The agreement which was highlighted as a full-page in the May Bulletin (page 13) described in detail the terms and repayment plan, as well as, how over 1.4 million in accrued interest will be forgiven if Rochdale meets the agreement terms.

Councilmember Hankerson worked diligently with DEP, along with Mayor Mamdani’s Office, and stayed on top of the matter until a feasible agreement was reached by all parties.

As mentioned in the June Bulletin (page 13) the first two payments of the agreement in the amounts of $938,041 and $1,030,398.37 were paid and DEP has already waived $352,441 of interest as agreed. Rochdale Village will pay over the next 4 months the current bills plus the paused payments. Once those payments are made, DEP will forgive another $352,441 of interest on all accounts.

Rochdale Village now has a clear route to get back on track with DEP thanks to this structured agreement and the help of Councilmember Ty Hankerson.

ROCHDALE VILLAGE BOARD OF DIRECTORS 2025-2026

The Rochdale Village Board of Directors serves 5,860 middle income families and more than 25,000 people in the world’s second largest housing cooperative, located at 169-65 137th Avenue, Jamaica, NY 11434; Tel: 718-276-5700 extension 3360.

OFFICERS OF THE BOARD

Chairwoman of the Board

Dr. Althea Hicks

President

Jean Hall

Vice Presidents

Khedda Hayden-Ryan

Keysha Beasley

Cody Hamblin

Anthony Diggs

Treasurer

Vanessa Duah

Assistant Treasurer

Sheila McKenzie

Secretary Allison Saunders

Assistant Secretary

Dr. Yvette Joy Harris-Smith

MEMBERS OF THE BOARD

Letisha Azizah

Keysha Beasley

Talib Bey

Janine Cross

Anthony Diggs

Vanessa Duah

Jean Hall

Cody Hamblin

Dr. Yvette Joy Harris-Smith

Khedda Hayden-Ryan

Dr. Althea Hicks

Sheila McKenzie

Allison Saunders

Lisa Stark

Jacqueline Telfer

George Simon (State Representative)

COMMITTEE CHAIRPERSONS

Budget & Finance

Jean Hall & Vanessa Duah

Commercial Services

Dr. Althea Hicks

Community Center

Khedda Hayden-Ryan

Community Relations

Board of Directors

Legal & Management

Jean Hall

Maintenance/Environmental Conservation

Keysha Beasley

Media & IT

Jean Hall

Orientation

Letisha Azizah

Public Safety/Parking

Khedda Hayden-Ryan

Senior Citizens

Jean Hall

Youth Planning

Keysha Beasley

MANAGEMENT

Douglas Elliman Property Management

General Manager

Cary Smith III

Assistant Manager

Leacroft Gordon

Assistant Manager

Wilfred Rodriguez

Controller

William Young

Director of Maintenance

Kelvin Pantaleon

Public Safety Chief

Adolph Osback

Power Plant Director

Corey Jones

Human Resource Director

Dolores Benner

General Counsel

Dean Roberts

P resident ’ s M essage -

SOUNDING

THE ALARM

The position/actions of a previous management company and previous boards have crippled this Corporation. While it is understood that management has the responsibility to handle the day-to-day operations boards cannot sit by idlily and let them do anything they want. Because of that posture for decades, we are digging ourselves out of a hole that is unimaginable.

Since Douglas Eliman has taken the reigns the drip drip drip of past due payments has amounted to approximately 6 million additional dollars that the board and you our shareholders had no idea existed. What this means is that the efficiency in office operations at Rochdale Village must be immediately overhauled. Past practices in accounting, maintenance, purchasing, allocations, arrears collection, ground supervision, and project oversight for the power plant must be revamped. The board must be involved in these discussions and overhaul as management carries out the total retooling.

Since Douglas Eliman has taken over, vendors are stepping forward to say they were promised payments, but those payments were never received. Presently, Rochdale Village has two ligations brought by former vendors for non-payment.

Past practices of not obtaining contracts, HCR approvals, and not properly bidding out contracts have come to an end. New management is forced to virtually go through each contract and determine if it was properly bid and if not, take the steps to re-bid.

Both the board and management continue to advise and seek guidance from HCR as we move to correct these inefficiencies.

How we move forward is to demand that every stone of inefficiency and doing things the wrong way is exposed and the corrective actions taken immediately. This will not be an overnight process, but it will be an intentional and transparent process. While those who wish to recapture the hearts and minds of this development let me state a few facts:

1. The prior board majority and prior management did not respond to the HCR field visit reports prior to my taking on the role of President.

2. The prior board majority did account for its spending nor publish the spending reports prior to the change in the board majority.

3. The current majority board insisted that the proper bidding process is followed, and board members advised when bids are open as took place with the laundry RFP.

4. The current majority board upon finding that the HCR reserves were virtually depleted established a policy for the HCR Reserves that is closely monitored to ensure our HCR reserves are replenished.

5. The current majority board took the bold step to keep questioning, keep probing, keep watching because we could not understand all of the dynamics that contributed to our financial crisis. What the months have demonstrated since Douglas Eliman took over is that financial reporting failed to capture our true payables.

BY JEAN HALL

President, Jean Hall

We remain committed to doing the work with Douglas Eliman to turn this ship around. The work is not complete, rather it has just begun.

As we move further along this year it will be your determination if we stay the course or fall backwards.

I encourage every shareholder to stay engaged, stay informed, and ask the tough questions. We have an email address for you to send questions to General Counsel – use it. We will publish the response from the HCR field reports – review it. We will continue to provide you with as much information as is legally possible.

I have and will continue to work not for photo ops, IG posts, etc. but for the work that will turn this community into an efficient and place for affordable homes for the years to come. That is my goal, that is my pledge. Community above politics. Shareholders above personal ambitions.

United we can move this community forward. Will you continue to stand for the change that will make us the Jewel of Jamaica once again.

August Board of Directors meeting to

be determined.

F ro M t he B oard P resident

On Wednesday, July 15, 2026, I presented verbal testimony before the New York City Council’s Committee on Finance, held jointly with the Committee on Housing and Buildings. The hearing focused on Financial Tools for Maintaining the Affordability of Mitchell-Lama Cooperatives, an issue that directly affects Rochdale Village and many other developments across the city.

During the session, Council Members raised serious concerns about the situation at Tracey Towers, a New York City rental Mitchell-Lama development currently facing a proposed 30% rent increase over the next three years. This potential hike has created significant hardship for tenants and has drawn citywide attention to the challenges facing Mitchell-Lama housing.

New York City Housing Preservation & Development (HPD) provided testimony and responded to pointed questioning from Council Members. After HPD concluded, the Council heard directly from residents, advocates, and housing leaders about the conditions affecting both rental and cooperative Mitchell-Lama developments.

As Board President, I felt it was essential that Rochdale Village’s perspective be included and that policymakers understand the real-world consequences of decisions made at the City level. Due to time constraints, I delivered an abbreviated version of my remarks; however, a full revised testimony was submitted the following day for the official record.

Rochdale Village remains committed to protecting affordability, strengthening accountability, and advocating for policies that safeguard the well-being of our shareholders. Our community’s voice will continue to be represented wherever decisions are made that impact our future.

TESTIMONY BEFORE NYC COUNCIL – COMMITTEE ON FINANCE / HOUSING & BUILDINGS

Focus: Financial Tools for Maintaining the Affordability of Mitchell-Lama Cooperatives Hearing – July 16, 2026

Chair Lee, Chair Sanchez, Council Members of the Committee on Finance, Council Members on the Committee for Housing & Buildings thank you for the opportunity to testify today. I am Jean Hall, President of the Board of Directors of Rochdale Village, Inc., a State-supervised Mitchell-Lama cooperative located in Southeast Queens.

Rochdale Village is home to over 25,000 New Yorkers, including seniors, working families, and individuals living on fixed or modest incomes. As one of the largest Mitchell-Lama cooperatives in the city, our long-term affordability is not only essential to our residents it is essential to New York City’s broader affordable housing landscape. Having sound financial tools will allow Mitchell Lama cooperatives like Rochdale Village to remain affordable for generations to come.

Although Rochdale Village is supervised by New York State Homes and Community Renewal (HCR), City laws, regulations, and funding programs have a direct and significant impact on our operations, our costs, and our long-term affordability.

City requirements shape our financial reality every day, including:

• Local Law 11 façade mandates

• Local Law 97 emissions and energy standards

• DOB elevator modernization requirements

• City water and sewer rate structures

• City property tax policies

• City capital and infrastructure programs

• City-administered affordability tools such as J-51

• City Council discretionary support for senior services and NORCs

For a development of Rochdale’s size, 5,860 units built in the early 1960s these City-driven costs are substantial. This is why City-based financial tools must be designed to support all Mitchell-Lama cooperatives, including those supervised by HCR. Our regulatory structure may be State-based, but

our financial pressures are undeniably City-driven. Chair Lee, your leadership on fiscal oversight and your commitment to ensuring that City resources support vulnerable communities is deeply relevant to the challenges facing large Mitchell-Lama cooperatives like ours. Council Member BrooksPowers and Council Member Williams, you both represent parts of Southeast Queens, and understand firsthand the importance of stable, affordable housing for working families and seniors in our community.

To all members of the Finance / Housing & Building Committees your stewardship of the City’s budget, capital programs, and affordability tools will plays a critical role in whether long-standing Mitchell-Lama cooperatives can remain viable.

Rochdale Village embodies all of these priorities. We are a New York City community, and our ability to remain affordable depends on City-level tools, City-level support, and City-level partnership.

Like many aging Mitchell-Lama cooperatives, Rochdale Village is confronting:

• Aging infrastructure requiring major capital investment

• Escalating operating costs

• Rising insurance premiums

• Elevator modernization needs

• Façade and roof repairs

• Utility and water costs that outpace revenue growth

Without modern financial tools, cooperatives like ours are forced to depend on maintenance increases that strain the very residents Mitchell-Lama was created to protect. Our 31.2% carrying charge increase in November 2025 has pushed our community to the brink.

Respectfully we recommend and support the following:

9 Expand City Capital Programs to Include State-Supervised Mitchell-Lamas:

City capital programs, infrastructure grants, and rehabilitation funds should explicitly include

HCR-supervised Mitchell-Lama cooperatives. Our needs mirror those of HPD-supervised developments, and our residents deserve equal access to City support.

9 Create a Dedicated Mitchell-Lama Capital Fund:

A City-supported capital fund would help cooperatives address:

• Elevators

• Roofs

• Façade repairs

• Energy efficiency upgrades

• Safety and compliance mandates

This fund would reduce reliance on maintenance increases and preserve affordability for tens of thousands of New Yorkers.

In conclusion, Rochdale Village is committed to remaining an affordable, stable, and vibrant community for decades to come. But we cannot do it alone. We need modern financial tools that reflect the realities of aging infrastructure, rising costs, and the needs of our residents.

Preserving Rochdale Village means preserving affordability for over 25,000 New Yorkers. We urge the Council to continue its leadership in protecting regulated housing and to ensure that City-level tools support all Mitchell-Lama cooperatives including those supervised by HCR.

Thank you for your attention and for your commitment to affordable housing in New York City. Rochdale Village stands ready to work with the Council, HPD, HCR, and all partners to secure the future of our community.

Respectfully submitted, Jean Hall President, Board of Directors Rochdale Village, Inc.

Note 1: Our insurance costs rose from 6.4 million in 2020 to last year 10.7 million; which represents a cost of $1,825.00 per unit.

Note 2: Based on the hearing yesterday, Rochdale Village fully supports the round-table proposal bringing all stakeholders to the table for meaning discussion and viable deliverables.

g eneral M anager ’ s r e P ort - BY

CARY SMITH

III

July

2026

Dear Shareholders,

As we move through the summer months, I would like to take this opportunity to share several updates on the progress being made throughout Rochdale Village. I continue to appreciate your patience, support, and partnership as Management and the Board of Directors work together to strengthen our community and position Rochdale Village for long-term success.

WELCOME TO OUR NEW SHAREHOLDERS

It is my pleasure to welcome eight new families to Rochdale Village during the month of July. We wish you many years of happiness and hope you enjoy everything our wonderful community has to offer.

MAINTENANCE & BEAUTIFICATION UPDATES

Our Maintenance Department continues to make steady progress on several projects designed to improve the appearance and condition of our community.

Current highlights include:

• Parking Lot Striping – Work continues throughout the property, with the Mall #1 parking lot approximately 80% complete The project will continue throughout the summer using our in-house staff.

• Mall #1 Exterior Painting – Exterior wall painting remains underway. Lower wall sections are being completed by Rochdale staff while upper sections will be completed by an outside contractor.

• Hallway Floor Restoration – Stripping, sealing, and waxing of hallway floors is currently underway throughout the development.

• Power Washing Project – Power washing of building entrances, canopies, storefronts, ramps, and exterior brick surfaces is scheduled to begin once cleaning materials are delivered. Completion is anticipated by the end of August.

• Concrete Walkway Improvements – Gum removal from the walkways surrounding both shopping malls is ongoing.

• Apartment Door Saddle Cleaning – Cleaning of apartment entrance door saddles has begun throughout the community.

• Completed Projects – We are pleased to report the completion of:

○ Vestibule and lobby door saddle repairs in all 20 residential buildings.

○ Circle curb enhancement project, includ-

ing repainting of curbs throughout the circle.

As always, shareholders will continue to receive advance notice regarding projects that may impact their building or surrounding areas.

FINANCIAL HIGHLIGHTS

Despite the financial challenges facing affordable housing communities throughout New York, Rochdale Village continues to make positive progress in several key financial areas.

Compared to the Fiscal Year 2027 Budget:

• Apartment Revenue increased by approximately $3.9 million (30%), reflecting the carrying charge adjustment implemented during the previous fiscal year.

• Insurance Costs came in below budget, resulting in an 11% favorable variance

• Shelter Rent Expense decreased by approximately $416,000, creating additional financial relief.

• Employee Benefit Costs were approximately 29% below budget, primarily due to current staffing levels.

These positive variances continue to improve Rochdale Village’s financial position as Management works toward long-term financial stability.

PARKING & COMPLIANCE

Management continues to enforce parking regulations to ensure fairness and safety throughout the community.

During the months of April through June, Rochdale Village collected $18,400 in violation fines.

We also continue to address abandoned and noncompliant vehicles located throughout our parking facilities. Please remember that all vehicles parked in Rochdale Village lots must maintain valid registrations, inspections, and license plates and must remain in operable condition.

Shareholders are also reminded that unpaid violation balances may result in the loss of parking privileges and may prevent the use of community amenities, including community rooms, the ballroom, gazebo, and pavilion.

FUNDING & CAPITAL PROJECT UPDATES

Management continues to actively pursue funding opportunities that will allow Rochdale Village to

address critical infrastructure needs while minimizing the financial burden on shareholders.

We are pleased to report the following progress:

• Congressman Gregory Meeks has committed $2 million toward the replacement of the Power Plant chillers. Management is currently working with his office to complete the funding process.

• Assemblywoman Vivian Cook and Assembly Speaker Carl Heastie have committed $30 million, consisting of:

○ $5 million for operational expenses.

○ $25 million toward façade restoration and other capital improvement projects. Management has completed the required application for the operational funding and is awaiting further direction regarding the capital funding application.

• Assemblywoman Vivian Cook has also committed $1.5 million toward the renovation of Rochdale Village’s Building Community Rooms. Management has only three community rooms unfinished.

• Senator James Sanders Jr. has committed $2 million toward the community’s roof replacement project. Management continues to coordinate with the appropriate agencies to finalize the construction process of the project to move forward.

These funding opportunities represent significant investments in Rochdale Village and are essential to preserving our infrastructure while maintaining affordable housing for our residents.

LOOKING AHEAD

Every day I continue to walk the community, meet shareholders, and learn more about the people who make Rochdale Village such a special place to call home. These conversations provide valuable insight and help shape our priorities as we continue improving operations and planning for the future.

Thank you for your continued patience, partnership, and commitment to Rochdale Village. Together—with the Board of Directors, Management, and our shareholders—we will continue working to build a stronger, safer, and more financially stable community for everyone.

Respectfully,

Cary Smith iii General manaGer roChdale VillaGe

P u B lic s a F ety r e P ort - BY CHIEF ADOLPH OSBACK June 2026

The Public Safety department maintains 24 hour / 7 day a week

Loitering complaints of which 43 were marked as unfounded (officers responded but no loiterers were present)

complaints of which 72 were marked as unfounded (officers responded but no noise could be heard)

verticals resulted in 2 violations. In addition, 109 loiterers were encountered and the Team responded to (4) calls assigned from Central Dispatch and performed 6 tenant verifications.

Note: Directed verticals are additional post inspections performed to proactively reduce quality of life conditions in designated “hot spots” as determined by community complaints and analysis of various patrol reports.

Calls Received for Assistance during the month

and

Provided by 113th Precinct P.O. Smith, Crime Analysis Division to Public Safety Chief Adolph Osback, Public Safety Chair Khedda Hayden-Ryan

28 DAY ROCHDALE VILLAGE INDEX CRIMES SUMMARY:

c ontroller ’ s r e P ort - BY WILLIAM YOUNG

Profit and Loss Financial Statement Narrative

For the Two Months Ended May 31, 2026 (Fiscal 2027)

Rochdale Village Inc. PROFIT & LOSS STATEMENT Summary of Key Performance Indicators For the Two Months Ended May 31, 2026 (FY 2027)

For the Two Months Ended May 31, 2026, (1) Total Revenue increased $3,990,000 as compared to the Budget. The increase in Revenue is due to the 31.2% Carrying Charge (2) Total Expenses before Depreciation decreased $(206,000) as compared to the Budget. Operating Income Before Depreciation increased to a positive $4,196,000. The increase as compared to the Budget is due to the 31.2% Carrying charge increase that was not Budgeted for. Contributing to the increase was a reduction in Public Safety expense, the reduction in insurance costs and the decrease in Shelter Rent due to the budget reflecting a carry charge increase in the Shelter Rent Calculation.

Rochdale Village Inc. Summary of Total Revenue For the Two Months Ended May 31, 2026 (FY 2027)

Revenue decreased $(4,100) as compared to the Budget. This decrease is due to less room rental income.

Total revenue - For the Two Months Ended May 31, 2026 (Fiscal 2027), Total revenue increased $3,990,000 to $19,019,000 as compared to $15,029,000 in the FY 2027 Budget. The increase is due to the 31.2% Carrying Charge that was implemented in November 2026 that was not anticipated in the FY 2027 Budget.

Apartment revenue - For the Two Months Ended May 31, 2026 (Fiscal 2027), Apartment revenue increased $3,953,000 to $17,197,000 as compared to the FY 2027 Budget which was $13,244,000. The increase is related to the Carrying charge increase of 31.2% in in November 2025 that was not anticipated in the FY 2027 Budget.

Commercial rental revenue –For the Two Months Ended May 31, 2026 (Fiscal 2027), Commercial rental revenue increased $178,000 or 18.2% as compared to the FY 2027 Budget. This increase was due to an increase in commercial spaces rented as compared to the FY 2027 Budget.

Other Rental Revenue-(Includes Parking) - Other rental revenue was in-line with the Budget.

NOTE: Approximately 80% of Other rental revenue is related to Parking revenue.

Community Center Revenue - Community Center

Other Income (accounts - Laundry, & Interest income) For the Two Months Ended May 31, 2026 (Fiscal 2027), other income decreased $(106,000) due to less revenue from the new Laundry Vendor as compared to the prior Laundry vendor. The New Laundry company pays $42,000 per month and the old Laundry company paid approximately $75,000 per month.

c ontroller ’ s r e P ort - BY WILLIAM YOUNG

Rochdale Village, Inc. Summary of Administrative, Janitorial & Ground, Maintenance & Operating and Public Safety Expenses For the Two Months Ended May 31, 2026 (FY 2027)

Rochdale Village, Inc. Summary of Power Plant (Fuel

Administrative - For the Two Months Ended May 31, 2026 (Fiscal 2027) Administrative expenses were Relatively in-line with the Budget. Management expenses includes (1) Management fees, Administrative salaries (Executive, Administrative, Accounting, Projects, Purchasing & Board employee salaries (2) Office related expenses and (3) legal, Auditing, Collection and Eviction expenses.

Janitorial & Grounds - For the Two Months Ended May 31, 2026 (Fiscal 2027), Janitorial & Grounds expenses increased $83,000 to $1,297,000 as compared to $1,214,000 in the Budget. The increase is related to an increase in Porter salaries and the purchase of garbage bags..

Maintenance and Operating Costs - For the Two Months Ended May 31, 2026 (Fiscal 2027)Maintenance and Operating costs increased $1,071,000 to $3,806,000 as compared to $2,735,000 in the Budget. The increase is related to an increase in apartment renovations as compared to the Budget.

Public Safety - Public Safety expenses decreased $(359,000) to $777,000 as compared to $1,137,000 in the FY 2027 Budget. The decrease is due to the Budget anticipating we would be at Full Staff and we are not at Full Staff .

& Utilities), Water, Salaries and Other Expenses For the Two Months Ended May 31, 2026 (FY 2027)

Power Plant - PPower Plant - For the Two Months Ended May 31, 2026 (Fiscal 2027), total expenses increased $275,000 to $3,584,000 as compared to $3,318,000 in the FY 2027 Budget.

This variance is explained below:

a. Fuel & Utilities- increased $143,000 as compared to the Budget. This increase is due to an increase in National Grid prices and an increase in Natural Gas costs from $.392 per therm to $.536 per therm and increase of 36.7%.

b. Water & Sewer - increased $327,000 due to Power Plant usage. The Power Plant cooling towers are continually requiring repairs. In discussions with the Plant Manager, he explained that Tower #2 is in worse condition than Tower #1. To properly illustrate the magnitude of the Tower situation, each tower circulates 20,000 gallons per minute. As we get leaks, we try our best to fix them quickly. Please be aware that we are not just losing water but chemical treatment as well. We have been fortunate not to lose an entire basin, but most of our water loss can be attributed to the Cooling Towers exceeding mechanical

Rochdale Village, Inc. Summary of Insurance, Shelter Rent, Employee Benefits & Payroll Taxes Expenses For the Two Months Ended May 31, 2026 (FY 2027)

PREPARATION OF AN ARTICLE 78

Insurance Expense (Property, General Liability, Umbrella & Workers Compensation) - For the Two Months Ended May 31, 2026 (Fiscal 2027) Insurance expenses decreased $(226,000) to $1,916,000 as compared to $2,143,000 in the FY 2027 Budget. The decrease is related to the Budget anticipating a 10% increase in insurance costs and the actual increase was relatively flat to prior year.

Real Estate Taxes (Shelter Rent) - For the Two Months Ended May 31, 2026 (Fiscal 2027), Real Estate Taxes (Shelter Rent) expenses decreased $(416,000) to $700,000 as compared to $1,116,000 in the Budget. This decrease is due to NYC billing Rochdale at a rate that reflects recent reductions for allocation of Corporate expenses. It should be noted that NYC billed Rochdale $0 dollars for the First Quarter of 2027 for the residential!!!! The $700,000 represents the. The amount of tax for the Power Plant property. In addition, The FY2027 Budget reflected and increase due to an anticipated a 30% carrying charge increase.

ADDITION REAL ESTATE POSITIVE TREND -

(1) In comparing the HCR Calculation to the NYC billing, it was noted that NYC is over- billing Rochdale by approximately $800,000 to $1,000,000 per year since FY 2020. The Company is in the process of evaluating if an Article 78 is appropriate to proceed against the agencies to collect our approximately $5,000,000 in over-billing by NYC.

(2) In the Shelter Rent Calculation only, the Budget reflected a Carrying Charge increase which increases the Shelter Rent Calculation.

(3) The State has initiated legislation that will decrease to 5% the tax rate Power Plant Income from the current 10%. This will positively impact the calculation.

Rochdale Village, Inc. Summary of Bad Debt, Inventory Usage and Community Center Expenses For the Two Months Ended May 31, 2026 (FY 2027)

Bad Debt Expense - Bad Debt Expense was relatively in-line with the Budget.

Inventory Usage - The inventory usage account is the true up of the Inventory observation

Community Center - The community center expense decreased $(106,000) as compared to the Budget.This decrease in expense is related Porters & Maintenance personnel not being charged to the Community Center but they were budgeted for in the Community Center.

Rochdale Village, Inc. Summary of Board, Election, Social Services, Bulletin and Committee Expenses For the Two Months Ended May 31, 2026 (FY 2027)

Note: For the Two Months Ended May 31, 2026 (Fiscal 2027, these expenses were all in-line or lower than the Budget

Rochdale Village, Inc. Summary of Board, Election, Social Services, Bulletin and Committee Expenses For the Two Months Ended May 31, 2026 (FY 2027)

(NOTE: We are still in the process of a software conversion. There are reclassifications and account mapping issues that will be resolved once the conversion is complete.)

Rochdale Village Inc. Summary of Aged Accounts Payable

Rochdale Village Inc. (NET) Accounts Receivable by Year & Current Month

Rochdale Village Inc. Balance Sheet

FY 2026 & FY 2027

(NOTE: We are still in the process of a software conversion. There are reclassifications and account mapping issues that will be resolved once the conversion is complete.)

Rochdale Village, Inc. Summary of HCR Reserve Balance Through June 2026

Note: The Balance of the HCR Reserves as of June 2026 is: $1,895,820.63

Rochdale Village, Inc. Summary of Water Arrears & Payments

Note: 1 The chart shows (1) Line 1- the original water payable amount (2) Column A - Line 2 through 15 - the payments made to reduce the original payable and (3) Column C - the payments made for the current bills. We are current on ALL required payments.

Water and Sewer Payment Agreement Update

UPDATE: July 17, 2026

As mentioned in the May 2026 Bulletin, Rochdale Village Inc. was to pay the Power Plant balance of approximately $1.88 million in two installments. The first payment of $938,041 was paid on May 12, 2026, and the second payment of $1,030,398.37 was paid on June 26, 2026.

After the above payments, DEP forgave $352,441.77 (25%) of the interest on all accounts.

On July 16, 2026, DEP sent Rochdale an email confirming that the interest was forgiven.

In July 2026, Rochdale Village will resume payments on all accounts. For the accounts that were paused while paying the Power Plant balance off, those paused amounts will be paid over 4 months from July 2026 to October 2026. Once those payments are made, DEP will forgive another $352,411 of interest.

Rochdale is current on ALL required payments.

LOCUST MANOR LIRR STATION CELEBRATES NEW ACCESSIBILITY IMPROVEMENTS

By Cynthia Bernadine

Greatnews for Rochdale and local area residents — the Locust Manor LIRR station has officially opened its fully operational elevators, making it more accessible for the community. Located at the intersection of Farmers Boulevard and Bedell Street, these new additions are part of the Locust Manor Accessibility Improvement Project funded in part by the MTA Capital Program alongside Senator James Sanders. Jr. who was the first to invest 1 million dollars towards it.

On Thursday, July 2, 2026, a community celebration hosted by Senator Sanders Jr. was held to commemorate the successful completion of this project. A project which he stated was an achievement made possible through the dedication and collective effort of the community. “We can have a city if we allow everyone in the city to participate.” stated Senator Sanders.

Joining the Senator were MTA Chairman, Janno Lieber, President of MTA Construction & Development, Jamie TorresSpringer, LIRR President Rob Free as well as political leaders NY State Senator Leroy Comrie, Councilwoman Selvena BrooksPowers, NY State Assembly District 32 candidate, Nathaniel Hezekiah along with Rochdale Village Management and Board; who had stayed on top of this issue of accessibility at the Locust Manor station.

The upgrades at Locust Manor are part of a broader Metropolitan Transportation Authority (MTA) initiative aimed at increasing accessibility across Southeast Queens. The project included updates such as new eleva-

tors, improved sidewalks and ramps, upgraded safety features, better signage and other enhancements. Stations in the neighboring areas, including St. Albans and Laurelton, have received similar enhancements, representing an extensive commitment to improving public transit access for all residents.

MTA Chairman Janno Lieber expressed his commitment and passion for accessibility and their goal to make sure that public transportation is available to everyone.

Community leaders are hopeful that these transformative changes will boost public transport usage among residents and improve the overall quality of life in the area.

NYS Senator Leroy Comrie who recalled how early hearings began in 2019 stated “Locust Manor station was a priority for Senator Sanders to make sure the residents of Rochdale, which is a naturally occurring retirement community (NORC), has elevator access so that they can use this station more”. Senator Comrie, who has been instrumental in advocating for such projects, emphasized the importance of making public infrastructure accessible for everyone.

Accessibility has long been a vital concern for residents of the area. With the opening of the elevators, the station steps into modern times, ensuring that all passengers, regardless of their physical capabilities and age, can utilize train services without obstacles.

Locust Manor was the 9th and final station completed under their first bundle package of ADA upgrades. An exciting milestone for the MTA and the community at large.

ROCHDALE URBAN GARDENER’S CLUB fish fry

Every year, the Rochdale Urban Gardeners (R.U.G.) host Fish Fry events to help support the garden’s needs. The garden was made for and by the cooperators and new members are welcome to join every year and plant fruits, vegetables, and greens. R.U.G. has held two Fish Fry events with another scheduled for the month of August. Delicious freshly fried fish and sides are sold to a line of eager customers. Come support their next Fish Fry on August 29, 2026 from 10:00am to 4:00pm in the garden.

July

2026 fourth

Saturday, July 4, 2026, was a warm sunny day that allowed cooperators to come out and set up tents and tables, barbecuing and enjoying each other’s company. There was plenty of food to go around, music from DJs, games for the children, and at night, a projector to watch the Macy’s fireworks show and be in awe of the amazing lights. A great time was had by all celebrating Independence Day!

Poetry & Art Corner

LADY LIBERY WONDER

By Anthony Blake

Standing proud on the Hudson River

Built for the world to see Essence golden

Encouraging immigrants to visit America and stay

Beacon of Hope

Setting the standards of desire

Transformation into survival reality

Lady Liberty entry

Embarking full force on Freedom

Wisdom understanding

Journeying ships far and wide

Everlasting commitment

Tomorrow and arriving today permanent

Around the globe a set sail

Dreams mounted without fail

Multitudes of heritage

Languages spoken from every native tongue New York City renaissance of transcend Lady Liberty assurance

Constitution policy like insurance

Total guarantee

Lady Liberty concept with an agenda being a promise.

One of Mr. Blake’s poems will be featured inclusion from the CREATIVE WRITING ACADEMY OF ATHENS, GREECE in a publication issue called LITERARY PARTHENON. His work has been featured in 6 Anthology books thus far.

OLD GLORY

By Ed Miller

I called Old Glory

Sewn by Betsy Ross Circle of thirteen stars

Thirteen stripes across

Martha Washington First Lady, U.S.A. Flew me over Mount Vernon But had nothing at all to say.

Barbara Frieche, heroine

Stopped the enemy dead

Shoot her head, she offered “Spare the flag!” she said.

Harriet Tubman ran a railroad Grand old flag of bigotry

Above a country divided South, slave! North, free!

Lincoln flagged an emancipation

Stopped the slavery crime

Gave freed black men equality But not women at that time.

SHARE YOUR VOICE

Submit your original poetry, spoken word, or artwork to be published in the Rochdale Village Bulletin! Send to mrichards@rochdalevillage.com

FAITH BEYOND ANY FEARS ON THE SEAS OF LIFE!!!!

By Alanda Wasserman I. Edwards

Proverbs 3v5

Trust in the Lord with all your Heart AND lean not unto your own Understanding…..

As we navigate through the Seas of life may we All take hold of faith in knowing That we are never alone

On the seas of life God is of helper

Sometime seas are calm as we sail

And some seas winds blow

But there is comfort to know Fear does not have to overcome

Any and through storms

Although winds blow trust in The Lord to relax each storm And protect you from all harm

Your success is on the way!

Be encouraged God can calm

Any raging sea. You need not

Fear His God’s steady hands Is will not allow

Danger to linger “too” near

As no weapon form against you shall prosper!

Just trust in Him + believe And learn not unto you own Understanding!!!

Have faith beyond any fears On the seas of life!!! And Watch God came through for you!!! Be encouraged!!!

See what’s going on in and around our community... There’s a little something for everyone!

SynoPSiS of cooPeRaToR’S SeSSion

- for June 22, 2026 board meeting

Chair Dr. Althea Hicks called the cooperators’ session to order at 7:03 PM.

Question: Why can’t the notices which have the committee members’ names be placed in alphabetical order?

Response: The essential requirement is that all committee members receive proper notification of the meeting, irrespective of how the listing is ordered.

Question: For the last fifteen (15) years I have had to contact Rochdale Village regarding mold in my apartment, specifically in my bedroom and bathroom. It is becoming overbearing. I was told the mold was coming from condensation.

Response: The Maintenance Director offered to inspect the unit. The shareholder said the issue has continued for years, the director had visited before, and he was tired, 68 years old, and still working. He also stated that he had already arranged for someone else to review the problem. The Chair advised him to notify Rochdale if he would like a visit to his unit.

Question: Since new management has been here for 90 days what is your assessment? And where everything is going as far as improvements, plans for assignments, budget, evictions and waiting list.

In the legislative breakfast held with elected leaders was there a discussion about people who are eligible for SCRIE? How is the enforcement of surcharges going since income affidavits have been submitted?

When will the next budget and finance committee meeting be held. When that meeting is held will there be discussion about a new BRD?

Response: The legislative breakfast was successful, with funding and continued support for Rochdale Village as the primary topics discussed. To date in 2026, there have been 26 evictions. No discussions have taken place regarding a new BRD. I am still completing my overall assessment and expect to meet with the community sometime during the summer.

Note: The income limit for SCRIE/DRIE has been raised to $75,000 effective July 1, 2026.

Question: Can there be some kind of notification placed on the digital bulletin board to keep the laundry rooms tidy? People are leaving dryer sheets and other unmentionables and not picking up after themselves. The rooms (in less than 1 year) are starting to fall down in disrepair. Building 14 was mentioned specifically.

Response: The laundry rooms are on the schedule to be cleaned every morning. The rooms also are cleaned for a second time in the afternoon.

Comment: I have just moved here, and I feel proud to have any of my visitors come into the building. The guys who work here, building 9, are doing a great job. I want to applaud them.

Question: What is the schedule and rule for furniture and appliance deliveries. I was told no deliveries until 9AM. However, when a delivery truck came about 4:30PM, I was approached by a public safety officer who stated I needed to have an authorization for the furniture delivery. Is this a new policy?

Response: There has been no policy change. If it is regular delivery, you do not need permission. If it is a move out or move in, then permission is required. This will be addressed with the officers particularly the personnel assigned to group 4. I apologize for the confusion and any inconvenience it may have caused.

Question: Building 15 the Amazon Locker reads invalid password. When I contacted Amazon, they stated the residential manager must call.

Response: Management will reach out to Amazon tomorrow morning.

Question: What is the status of the City building apartments over the 137th library?

Response: We have been told that the proposal is not going through, but we have not received anything officially in writing.

Question: The elevator in building 15 has been out for more than three months. People are now living in the staircase, and public safety has not responded to these conditions.

Response: Public Safety will address unauthorized individuals in the building. We are actively investigating one specific complaint about people staying in the stairwells. Officers continue to conduct inspections, and I receive and review their reports.

Regarding the elevator, the elevator company advised today that the required part should be ready within a week, with installation expected to take a few additional days. I will keep everyone updated.

No further questions the cooperators’ session ended at 7:38PM.

R12-26:

Moved by: Khedda Hayden-Ryan

Seconded by: Allison Saunders

WHEREAS, the contract between Douglas Elliman Property Management (“Douglas Elliman”) and Rochdale Village, Inc. (“Rochdale”) for management services will expire on June 30, 2026; and WHEREAS, the Board wishes to renew the management agreement with Douglas Elliman for an additional year (July 1, 2026 thru June 30, 2027) at the same fees and under the same terms and conditions as the expiring agreement.

NOW THEREFORE, BE IT RESOLVED, that the Rochdale Village, Inc. Board of Directors approve the renewal of the existing management agreement with Douglas Elliman for a period of one year under the same terms and conditions. Said renewal agreement will be prepared by Rochdale’s legal counsel in consultation with the President and General Manager and is subject to HCR Approval. FOR

Janine Cross

Vanessa Duah

Cody Hamblin

Althea Hicks

Allison Saunders

ABSTAIN

Talib Bey

Letisha Azizah

ABSENT

Yvette Joy Harris-Smith

Anthony Diggs

Jean Hall

Khedda Hayden-Ryan

Sheila McKenzie

Jacqueline Telfer

Cary Smith,III

General Manager

Wilfred Rodriguez

Assistant General Manager

Leacroft Gordon

Assistant - General Manager

Michael Reilly Esq. Corporate Counsel

Norris, Mclaughlin

William Young

Controller

Kelvin Pantaleon

Director Of Maintenance

Adolph Osback

Chief Public Safety

Corey Jones

Director Of Power Plant

David George

Assistant Director Of Maintenance

Conrad Duverney

Assistant Director Of Maintenance

Keysha Beasley

Lisa Stark

Ten for, one abstention, four absent; motion passes.

BOARD MEMBERS

Althea Hicks

Chairperson

Jean Hall

President

Khedda Hayden-Ryan

First Vice President

Keysha Beasley (Not Present)

Second Vice-President

Cody Hamblin

Third Vice-President

Anthony Diggs

Fourth Vice-President

Allison Saunders

Secretary

Yvette Joy Harris-Smith (Not Present)

Assistant Secretary

Vanessa Duah

Treasurer

Sheila Mckenzie

Assistant Treasurer

Letisha Azizah (Not Present)

Talib Bey

Janine Cross

Lisa Stark (Not Present)

Jacqueline Telfer DOUGLAS ELLIMAN PROPERTY MANAGEMENT

NatioNal MiNority MeNtal N HealtH awareNess MoNtH H July Is

As per the National Alliance on Mental Illness (NAMI), National Minority Mental Health Awareness Month was started as Bebe Moore Campbell National Minority Mental Health Awareness Month in 2005. Bebe Moore Campbell was an author who used her work to address the impact of racism, mental health and the enduring strength of culture, community and connections. She also co-founded NAMI Urban Los Angeles and “became a national change agent whose groundbreaking work revolutionized the way we approach mental health in underserved communities”. She was an advocate for shining a light on the stigma and silence regarding mental health care and treatement within communities of color.

While the suggestion was first made in 2005, it wasn’t until November of 2006 after Campbell lost her battle to cancer that her longtime friend, Linda Wharton-Boyd, and other reignited their cause, inspired by Campbell’s passion.

In 2008, July was nationally declared as Bebe Moore Campbell Minority Mental Health Awareness Month. The resolution was sponsored by Rep. Albert Wynn [D-MD] and cosponsored by a large bipartisan group to achieve two goals:

• Improve access to mental health treatment and services and promote public awareness of mental illness.

• Name a month as the Bebe Moore Campbell National Minority Mental Health Awareness Month to enhance public awareness of mental illness among underserved communities.

May her legacy live on and inspire you to use your voice, ignite your passion for change and help shape a world where everyone’s mental health matters. Together, we can create a future that embraces diversity, uplifts marginalized communities and listens to every voice.

Source: https://www.nami.org/stay-connected/events/awareness-events/bebe-moore-campbell-national-minority-mental-healthawareness-month/about-bebe-moore-campbell-national-minority-mental-health-awareness-month/

RESOURCES

HOTLINES & INFORMATION

National Alliance on Mental Illness (NAMI) : https://www.nami.org/

Helpline available Monday - Friday, 10:00 AM –10:00 PM ET (closed federal holidays). Call: 1-800-950-NAMI (6264) Text “NAMI” to 62640 Email: helpline@nami.org

SAMHSA National Helpline Phone Number: 1-800-662-4357

Suicide & Crisis Lifeline

If your life or someone else’s is in imminent danger, please call 911. If you are in crisis and need immediate help, please call: 988 Web Site: https://988lifeline.org/

The Trevor Project http://www.thetrevorproject.org/

The JED Foundation https://www.jedfoundation.org/

American Foundation for Suicide Precention Resources for Marginalized Communities https://afsp.org/mental-health-resources-formarginalized-communities/

Older Adults: Depression and Suicide https://www.jedfoundation.org/

Suicide Prevention Resource Center http://www.sprc.org/basics/about-suicide

Active Minds

https://www.activeminds.org/

Stop Bullying

https://www.stopbullying.gov/

Ditch the Label

https://www.ditchthelabel.org/

Therapy For Black Girls

https://therapyforblackgirls.com/

Therapy for Black Men

https://therapyforblackmen.org/

988 Lifeline https://988lifeline.org/

Resources to Recover

https://www.rtor.org/

The Mental Health Coalition

https://www.thementalhealthcoalition.org/

EMERGENCIES

Call 911 for any life-threatening emergencies. NYC Well provides free, confidential mental health and substance misuse services 24 hours a day, 7 days a week, in over 200 languages, regardless of immigration status. Call 1-888-NYCWELL (692-9355) or text “Well” to 65173. You can also chat online at nyc.gov/nycwell

Crisis Text Line offers free, emotional support and information 24/7. Text “HOME” to 741741 for free, 24/7 crisis counseling. https://www.crisistextline. org/

The Jed Foundation provides mental health resources for college students. For immediate support, text “START” to 741-741 or call 1-800- 273-TALK (8255) https://jedfoundation.org/

Virtual counseling appointments for City University of New York (CUNY) students. https://www.cuny. edu/current-students/student-affairs/student-services/counseling/

The National Suicide Prevention Lifeline offers 24/7, free and confidential support for people in distress, prevention and crisis resources for you or your loved ones, and best practices for professionals. Call at 1-800-273-8255 https://suicidepreventionlifeline. org/

ROCHDALE VILLAGE RESPONSE TO HCR FIELD VISIT

July 9, 2026

To: Yelena Kopelyanova, Housing & Community Renewal Specialist 2

From: Jean Hall, President Rochdale Village

Re: Rochdale Village – HCLP – 025 / Site Visit: 6/25/25

Dear Ms. Kopelyanova

I am in receipt of the Site Visit report for 6/15/25. As the former management agent is no longer in place at Rochdale Village, I worked with the current management team to address the issues cited. Below please find our replies:

Previously Noted Items:

(1) Accounts Receivable (Residential and Commercial) – Finding = Collections of receivables needs to be improved.

Reply: The Corporation recognizes the urgent need to improve collection of receivables. New protocols will require monthly reports from each of our three landlord-tenant attorneys, detailing the status of outstanding cases and identifying accounts over $30,000 for priority action. Internally, the Legal Department will ensure that notices are sent promptly to shareholders and commercial tenants. The Board of Directors will receive quarterly updates, with the goal of reducing receivables by 2% to 3% each quarter.

(2) Vacated Arrears – Finding = The housing company should make every reasonable effort to find the previous tenants and collect the arrears. If still unable to collect, the housing company should request from DHCR permission to write off the arrears as uncollectable accounts in accordance with 9NYCRR 1727.4.3.

Reply: The Corporation’s review of vacated arrears shows that a consistent business process must be established. Vacated arrears files are currently sent to collection attorneys each month; however, the Corporation has not consistently requested DHCR approval to write off arrears deemed uncollectable. Going forward, this review will be conducted semiannually in consultation with the Board of Directors. As of this response, vacated arrears exceed $11 million. Over the next six months, the Corporation’s goal is to collect or write off at least 30% of that balance. Accordingly, the Corporation will re-

quest DHCR approval to write off uncollectable arrears in accordance with 9 NYCRR 1727.4.3.

(3) Collection of rent and vacated arrears: Finding = As of 11/30/24: residential arrears of current tenants 1,382 tenants in arrears of $6,124,137.00. Commercial arrears – 26 commercial spaces in arrears of $744,866.00. Residential vacated arrears – 791 vacated tenants in arrears of $8,054,920.00. Commercial vacated arrears – 19 vacated commercial spaces in arrears of $534,912.00.

Reply: This review cycle shows that the Corporation has total outstanding collectibles of $15,458,825.00. This balance underscores the need for stronger business practices, more aggressive collection efforts, and monthly reviews of amounts collected.

Management will advise the law firms that improved results are expected. If performance does not improve, management will evaluate replacing the current firms. Management will conduct this review over the next six months.

(4) Vacancy turnover rate: Finding = After multiple requests by HCR, the Housing Company failed to provide this information.

Reply: The Corporation will make sure that the monthly vacancy turnover rate report is submitted to HCR timely.

(5) Annual financial review (re: HA&A): Finding = Management needs to improve the collection of arrears.

Reply: As reflected in the previous responses, the Corporation has reviewed its arrears-related procedures and identified opportunities to strengthen collection efforts, reporting, and follow-up. Management has made adjustments where needed and will continue to monitor these practices to ensure arrears are addressed in a timely and consistent manner.

6) List vendors who appear to be owed unusually high, old, or aged payables; include dates and period of listed debts with managing entity explanation. Finding =

• NYC Waterboard $12,146,750.86

• L&R General Construction $ 2,983,816.67

• Genesys $ 1,244,688.57

• Kone $ 716,645.74

• B Keith Controls $ 484,619.11

Reply: To address vendors with significant aged payables, the Corporation has secured or is pursuing the following repayment arrangements:

• NYC Water Board: With assistance from NYC Councilmember Ty Hankerson, the Corporation entered into a 10-year payment plan with DEP. Under the agreement, DEP may waive $1.4 million in interest over three years if the Corporation remains current. Required payments have been made through June 2026, totaling $1,968,439, and the Corporation will request waiver of the first interest installment of $352,441. The current water bill balance is $20,055,018 (of which, $1,787.00 is current bills).

• L&R Construction: The Corporation acknowledges the outstanding debt. Because the contractor has initiated legal action to recover the amount owed, the Board of Directors has asked General Counsel to determine whether a payment agreement can be reached.

• Genesys: Although a verbal agreement was reportedly discussed, the Corporation recognizes the need for a formal written payment arrangement. Management recommends committing to monthly payments of $125,000 to provide consistency and ensure the vendor can rely on timely payment for services rendered.

• Kone: Kone has accepted the Corporation’s commitment to pay approximately $125,000 per month.

• B Keith Controls: The Corporation will maintain a firm monthly payment of $60,000.

The Corporation will review these payment agreements regularly and will work to pay these vendor balances in full within 10 years or sooner, where possible.

(7) For excessive payables, describe managing entity’s repayment plan, if any (with response, management to provide a written plan to address excessive payables) – Findings: Rochdale Village’s management and board of directors in accordance with HCR regulations, are in the process of submitting a budget rent determination to the Agency. Also, management and board of directors are talking to government officials to see whether they can help alleviate some of the aged payables.

ROCHDALE VILLAGE RESPONSE TO HCR FIELD VISIT

Reply: The BRD was approved for a 31.2% carrying charge increase effective November 1, 2025. This consists of a 27.2% carrying charge increase and an additional 4.0% increase related to the past-due water bill. The former managing agent, Summit Management, failed to pay the water bill, which negatively affected shareholders and contributed to the need for the additional 4.0% increase. The Corporation has also been awarded $5 million by New York State Assembly Speaker Carl Hastings and Assemblywoman Vivian Cook to help reduce aged payables. These funds have not yet been received, and the Corporation continues to follow up monthly regarding when the award will be available. Once received, the funds are expected to significantly assist with reducing aged payables. The Corporation’s overall plan is to reduce aged payables through repayment agreements while remaining current on ongoing charges. Based on current projections, the significant aged payables cited, excluding the water bill, are expected to be resolved within 36 to 48 months.

(8) Review petty cash accounts (who approves the transactions) Findings – DHCR had multiple questions regarding the petty cash accounts. Management had not provided sufficient answers to the Agency’s requests.

Reply: The Corporation does maintain a petty cash policy; however, it was not clearly explained during the field visit. Petty cash is kept in limited amounts and is used solely to cover minor incidental expenses. Funds are assigned only to designated employees within departments authorized to maintain petty cash accounts.

Disbursements are issued only when a receipt or invoice is provided, and a petty cash voucher must be completed for every withdrawal to document the expense. Each petty cash fund is replenished regularly to restore the fixed starting balance. All petty cash disbursements require approval from the appropriate department head or management official.

The Corporation maintains a total petty cash reserve of $1,000, allocated as follows:

• Management/Board of Directors: $400

• Maintenance: $200

• Public Safety: $200

• Community Center: $200

(9) Review and list commercial and pro-

fessional leases, including any escalation clauses and step-ups. Findings – Management was informed to provide all leases and HM-59 (Certification of Commercial Leases) for both the small and large mall occupants which was also noted in the previous Management Report findings.

Reply – Management will provide within the next 60 days the required HM-59 for all leases in our complex (small and large mall).

(10) Review commercial arrears. Findings – There are 26 vendors with $744,866 in arears during the last year.

Reply: Management has taken action to reduce commercial arrears. As of June 2026, ten commercial vendors remain in arrears with an outstanding balance of approximately $184,000, representing an estimated 60% reduction from prior levels. Management will continue to pursue these balances and reinforce collection efforts to further reduce arrears and maintain compliance with established financial expectations.

(11) Compliance with HCR tenant selection procedures. Findings – Application submission needs improvement. HCR’s review process is significantly slowed due to Rochdale’s continuous inability to comply with basis mandatory directives. Examples include but are not limited to:

• HM 14 incomplete or incorrect;

• Application form incomplete;

• Original approved applications needed for Transfers and Succession are often missing from the submission package with no explanation; and

• Basic required documents missing from the submission.

Reply: To address missing, incorrect, or incomplete forms, a quality-review step will be added to the tenant selection process. In addition, a standardized checklist will be developed to ensure all required documents are included in each file. These measures will strengthen internal controls and eliminate the types of deficiencies cited.

(12) Implementation and maintenance of automated waiting list (AWL) – Findings –Studio T-1, Veterans – 5 1BR 2-2BR Studio New A 386 1BR t – 81BR New A – 25682BR T 524BR New T – 123BR New A – 747 After reviewing the AWL. The list has the appearance of applicants being selected out of order. Applicants have the 2 same day apartment offers. Also, the Housing Company must be reminded to go back to the top of

the list and give applicants their second offer for those in pending.

Reply: The transfers may appear out of sequence with the AWL because the Corporation conducts a review of applicable preferences when selecting applicants for available apartments, in accordance with current policy. This includes veteran preference for the outside waiting list and priority for internal transfers. We will ensure that applicants who are entitled to a second offer receive it.

(13) Financial Management. Findings –Management was advised to work on repaying the outstanding water bill.

Reply: As referenced earlier with assistance from NYC Councilmember Ty Hankerson, the Corporation entered into a 10-year payment plan with DEP that allows for the waiver of $1.4 million in interest over three years. To date, The Corporation has made the required payments through June 2026 totaling $1,968,439 and will request that DEP waive the first interest installment of $353,441. We are currently up to date with payments on all accounts within the terms of the agreement.

(14) Building Envelop – Roof flashing, drains, bulkheads – Findings Group1 –Building 1 – roof near stair C was not working; Building 3 – large roof and behind stair C was not working; Building 4 – Section C – the fan located by the elevator mechanical room, was not working and Section B the large fan by the elevator mechanical room was not working. Management was notified and subsequently confirmed that the fans were fixed.

Metal pegs are sticking out of the roof and causing a trip hazard. They should be capped with bright-colored rubber/plastic caps, as they pose a trip hazard.

Reply: All findings were addressed and resolved.

(15) Rooftop equipment, antenna, cell tower, water tank (confirm updated testing report for Legionnaire’s disease) – Findings – Management was advised to remove unneeded (not in service) cables and antennas from the roofs of all buildings.

Reply: Management has confirmed with projects, maintenance and the power plant that all necessary repairs and adjustments have been completed.

P rojects r e P ort June 2026

PROJECTS IN PROGRESS

Project Name: Convectors

Description: Replace all (19,700) convectors with modern convectors with washable filters, thermostats, and leak prevention.

Status: Nine (9) completed. Installation is complete in the following Buildings: 17-20, 5-8, 9 It became necessary to add freeze protection to the fan coil units to prevent freezing up during winter operation. A change order was approved to add additional equipment to the units for a cost of $1.7 million dollars. Installation total to date is 8,932.

Funding Source: Wells Fargo

Contract Amount: $33,219,155

Money Spent: $23,224,542.16

Projected Completion: TBD

Project Name: Federal Pacific Breaker Panels in Apartments

Description: Replace electric panel located in hallway in every apartment.

Status: In Progress: (3583 installed)

Funding Source: Wells Fargo Contract Amount: $2,380,480

Money Spent: $2,039,824.92

Projected Completion: TBD

Project Name: Parking Lot Repair & Sidewalk/Curb Repair Architect

Description: Repave, restripe, and add expansion parking lots 1, 2,4,5,9a/9b and Big Mall.

Status: O&S submitted revised drawings after receiving the Board’s input. Jay to create RFP for Parking Lot repair/expansion. O&S created RFP for Sidewalk/Curb Repair HM23AE pending approval.

Funding Source: Wells Fargo Contract Amount: $246,500.00

Money Spent: $50,132.00

Projected Completion: TBD

Project Name: Parking Lot Repave/Repair Contractor

Description: Repave and restripe parking lots 1,2,4,5,9a/9b & Mall 1.

Status: On hold. Three Lots completed: 2 (11 new spaces), 9A (1 new space), 9B. Stasi- Brothers were the lowest responsible bidder awaiting board approval

Funding Source: Wells Fargo Contract Amount: $2,554,110.00

Money Spent: $489,970.80

Projected Completion: TBD

Project Name: Sidewalk & Curb Repair Contractor

Description: Concrete repair of worst areas campus wide.

Status: Completed: Groups #1, 2, 3 & 5. Group 4 is on hold for Façade work. MSS is the lowest bidder at $360,000 and Board approved.

Funding Source: Wells Fargo Contract Amount: $369,000.00

Money Spent: $297,293.04

Projected Completion: TBD

Project Name: Deaeration Tank

Description: Used to remove oxygen and other gases from the water that feeds into boilers that generate steam and prevent corrosion.

Status: Deaeration Tank: Installed May 10, 2022. The Unit will be connected to the existing system soon. We anticipate completion in the spring 2024 as work needs to be done in the shoulder season (Power Plant switches from heating to cooling). We will begin upon completion of Deisel #2 to maintain Plant redundancy while we make final connections.

Funding Source: Wells Fargo

Contract Amount: $1,169,000

Money Spent: $1,169,000

Projected Completion: TBD commissioning is necessary at a separate approximate cost.-30k

Project Name: Diesel Generators

Description: Replace or rebuild two emergency backup diesel generators in Power Plant.

Status: In Progress - Diesel #2 Is dismantled and parts and quotes for the necessary work are being reviewed by the project representative.

Funding Source: Wells Fargo

Contract Amount: $4,529,672

Money Spent: $710,744.10

Projected Completion: August 2026

Project Name: Various

Description: Engineers and Architects and Construction mgmt. - allowance for architect, engineer, and construction mgmt. fees.

Status: Ongoing

Funding Source: Wells Fargo

Contract Amount: $400,000

Money Spent: $29,758.43

Projected Completion: N/A.

Project Name: Central Plant Engineering Work

Description: Remedial Work for Cooling Towers and Tower Dunnage, Screen-Wall, and other necessary control, filtering and piping life-cycle evaluation and energy management work.

Status: Revaluating the most effective approach for new condenser lines (plumbing) and steel dunnage (cooling tower structural supports and beams).

Funding Source: Reserves

Contract Amount: $115,300

Money Spent: $115,300

Projected Completion: April 2023

Project Name: Fire Alarm/Sprinkler in Big Mall

Description: Install sprinkler system as required by FDNY in Mall 1 common area.

Status: Fire Alarm: Sprinkler and Smoke Purge system completed. As of August 11, 2021, we are still awaiting NYC FDNY approval of system. FDNY Application was re-submitted, and we are awaiting FDNY approval. Sprinkler: Completed as of 2/7/2020

Funding Source: Reserves

Original Contract Amount: $815,000 Change Order: $115,000; Total Contract: $930,000

Money Spent: $648,995.48

Projected Completion: TBD

Project Name: Fire Alarm for 18 Bldgs.

Description: Install fire alarms in building community rooms as required by FDNY.

Status: Eleven (11) rooms completed (1, 3, 4, 5, 8, 13, 14, 16,17, 18, & 20) Bldg. 4 is completed and inspected by FDNY. Bldg. 15 filed at FDNY - Awaiting approval. Eight (8) bldgs. approved by management and sent to contractor for FDNY filing. Awaiting NYCFD approval. HM-23 pending at HCR. HM-180 approved 10/23/19

Funding Source: Reserves

Contract Amount: $438,857

Money Spent: $417,771

Projected Completion: TBD

Project Name: Public AssemblyPA’s

Description: Certificate required for places where people gather for parties, meetings, etc.

Status: This work is on track with the other renovations of the community rooms. Architect - DOB search for all 20 Bldgs. Architect will file when fire alarms are completed for all 16 social rooms and the 4 nurseries.

Funding Source: Reserves

Contract Amount: TBD

Money Spent: N/A

Projected Completion: TBD

Project Name: Bldg. Community Room Renovation

Description: Renovate all community building rooms including main area, bathrooms, and kitchens. The lathe and plaster ceilings will be removed and re-placed with 24’ x 24’ dropped ceilings.

Status: Bldg. 15 re-started on 8/18/25 and still in progress. Twelve (12) Bldgs. are completed: 1, 3, 4, 5, 8, 10, 13, 14, 16, 17, 18, & 20. Two (2) bldgs. remaining for 2023 (2 & 7) drawings are still pending at DOB for approval. HM-23 pending at HCR & HM-180 approved.

Funding Source: Reserves

Contract Amount: $1,995,612

Money Spent: $1,321,164

Projected Completion: October 2024

Project Name: Sitewide Roofing Replacement/Repairs Consultant

Description: Long-term contract for roof repairs and replacement throughout Rochdale Village.

Status: Consultant is William Davis.

Funding Source: Reserves

Contract Amount: $100,800

Money Spent: $100,800

Projected Completion: June 2023

Project Name: Sitewide Roofing Replacement/Repairs Contractor

Description: Long-term contract for roof repairs and replacement throughout Rochdale Village. The contractor is Bay restoration. Roof-

P rojects r e P ort June 2026

ing Mfr. is SIPLAST. Completed work carries a 20 year no dollar limit guarantee.

Status: Eight (8) Bldgs. Completed: #1 - 5, 12, 17 & 20. Year 1 (1, 3, 4, 12 & 17); Year 2 (2, 5, & 20). Management, Architect & Contractor agreed to close out/ place this project on hold until funding is available. Five (5) remaining buildings (#6, 7, 8, 18 & 19) will be re-bid and done later.

Funding Source: Reserves

Contract Amount: $8,277,850

Money Spent: $5,481,466

Projected Completion: N/A

Project Name: Bulkhead Repairs

Description: Repairs include Pointing, Lintels, Caulking, brick replacement, and Coping Stone Replacement.

Status: Start date: 7/27/21. Nine (9) Bldgs. Completed: 1 - 6, 12, 17 & 20. This project will be placed on hold until funding is available to complete the remaining buildings (7-11, 13-16, 18-19).

Funding Source: Reserves

Contract Amount: $700,000

Money Spent: $205,533

Projected Completion: Re-evaluation

Project Name: Façade

Description: Long-term plan for brick and terrace repairs including Local law 11 work every 5 years.

Status: 6/26 - Emergency work on two Buildings: #12 is completed and #11 is in progress. Probes inspections: Completed (11, 13, 14 &16). In progress (3, 4, 15) FAÇADE & BALCONY: Four (4) Bldgs. are completed: #5- 8. In progress: 15 (75%) & 16 (75%). Will recommence with inspection and probes once funding has been approved by the Board. HM-23 pending at HCR. HM-180 approved.

Funding Source: Reserves

Contract Amount: $12,764,400

Money Spent: $5,119,204

Projected Completion: November 2026

Project Name: Façade

Description: Long term plan for brick and terrace repairs including FISP every 5 years.

Status: RJSA selected by Management HM-23AE pending at HCR as of 1/28/2020.

Funding Source: Reserves

Contract Amount: $880,000

Money Spent: $812,867

Projected Completion: November 2026

Project Name: Air Monitoring

Description: Service contract

Status: Ongoing

Funding Source: Reserves

Contract Amount: $200,000

Money Spent: $42,220

Projected Completion: N/A

Project Name: Mold Assessment

Description: Service contract

Status: Ongoing

Funding Source: Reserves

Contract Amount: $100,000

Money Spent: $39,940

Projected Completion: N/A

Project Name: Brownfield SSDS

Mall 1 & 2

Description: Air clean up underground

Status: Exhaust fan installation

completed. Awaiting the Certificate of Completion (COC) from DEC. Mall 1 - JS Cleaners Remediation is completed. Mall 2 - HIP cleaners Remediation is completed.

Funding Source: Reserves

Contract Amount: $411,800

Money Spent: $341,500

Projected Completion: N/A

Project Name: Pylon Signs

Description: Merchant list signs for Mall #1.

Status: In progress. New designsigns awarded to ASG.

Funding Source: Reserves

Contract Amount: $288,683

Money Spent: $288,683

Projected Completion: November 2023

Project Name: Pylon Signs

Description: Merchant list signs for Mall #1.

Status: Structural work for pylon bases was competitively bid and awarded to Sky, Inc.

Funding Source: Reserves

Contract Amount: $145,400

Money Spent: $66,480

Projected Completion: September 2023

Project Name: General Consultant

Description: Service contract.

Status: Ongoing

Funding Source: Reserves

Contract Amount: $210,000

Money Spent: $210,000+

Projected Completion: N/A

PROJECTS ON-HOLD

Project Name: Lobby Enhancement & Door Replacement & ADA

Accessible Vestibules

Description: Replace 20 lobby entrances and doors and make ADA complaints.

Status: On Hold. Management is working with Wells Fargo and Freddie Mac on reallocating funds from this project to fund convector change order. This project will be revisited later.

Funding Source: Wells Fargo

Contract Amount: $800,000

Money Spent: $323

Anticipated Re-start: This project will be reevaluated once funding is available.

Project Name: Elevators/Utilities/ Demising Walls - Mall 1

Description: The installation of an elevator, demising walls, and utilities on the 2nd floor of mall.

Status: On Hold. All work is complete and funded except for the 2nd elevator which is no longer being done. Management is working with Wells Fargo and Freddie Mac on reallocating funds from this project to fund convector change order.

Funding Source: Wells Fargo Contract Amount: $750,000

Money Spent: $213,100.00

Projected Completion: N/A

Project Name: Elevator Modernization & Preventative Maintenance

Description: Elevator modernization including new maintenance.

Status: On hold, however, we are moving forward with the preventative maintenance portion.

Funding Source: Reserves

Contract Amount: N/A

Money Spent: N/A

Anticipated Re-start: This project

will be reevaluated once funding is available.

Project Name: 15 Cardboard Balers

Description: Machine compresses cardboard waste into small and compact bales.

Status: On hold

Funding Source: Reserves

Contract Amount: N/A

Money Spent: N/A

Anticipated Re-start: This project will be reevaluated once funding is available.

PROJECTS TO BE REMOVED

Project Name: Lot 3A/3B Tier 1

Architect

Description: Design Work for Building a tier above Lot 3A/3B to create additional parking

Status: To be removed. Original budget of $5 million no longer applies due to Covid-19, supply chain issues and inflation total cost ow exceeds $12 million for adding approximately 300 new spaces. These considerations make this project financially infeasible. Management will continue to look at other alternatives to address the parking issues.

Funding Source: Reserves Contract Amount: N/A

Money Spent: N/A

Anticipated Re-start: N/A

Project Name: Lot 3A/3B Tier 1

Contractor

Description: Building a tier above Lot 3A/3B to create additional parking.

Status: To be removed. Original budget of $5 million no longer applies due to Covid-19, supply chain issues and inflation total cost now exceeds $12 million for adding approximately 300 new spaces. These considerations make this project financially infeasible. Management will continue to look at other alternatives to address the parking issues.

Funding Source: Reserves Contract Amount: N/A

Money Spent: N/A

Anticipated Re-start: N/A

Crossword

Across:

2. Red, White, and ____

7. The month in which Independence Day falls 11. Big colorful explosions

12. People and floats moving down a street in celebration

14. Marshmallow + Graham Cracker + Chocolate

20. This lifts a boat out of the water when it’s parked

21. ____ on the cob 22. ______ Doodle

24. Wimbledon sport

26. Joe Biden

27. We use this to cook meat in the summer

28. The American Flag has 13 _______ 29. The USA’s capital

city 31. Put this on to protect your skin in the summer

Down:

1. Primary author of the Declaration of Independence

3. This animal is the symbol of the USA 4. Put this on to protect yourself from mosqui-

toes 5. Ice Cream ____

6. A cold summer treat on a stick

8. Another word for FREEDOM; also an insurance company with lots of commercials American sport played on Independence Day 10. A refreshing fruit to eat in the summer

13. Meat on a bun, popular on Independence Day

15. Boat carrots

16. An Independence Day favorite: Nonna’s barbecue ____ 17. _______ the Beautiful

18. Metal cylinder on which a boat floats

19. A place to swim in

the summer 23. The day of the month on which Independence Day falls

25. The American Flag has 50 _____ 26. Eating outside, maybe on a blanket

30. The year in which the Declaration of Independence was signed: 177_.

Word Search