2024-05-15T20:11:50-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 135562230 GRAND STREET SETTLEMENT INC GRAN 2126741740 80 PITT STREET NEW YORK NY 10002 ROBERT CORDERO EXECUTIVE DIRECTOR 2126741740 2024-05-15 1 ROBERT CORDERO XXX-XX-XXXX 1 MELISSA MODELSON P01603524 9143818900 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT CORDERO 80 PITT STREET NEW YORK NY 10002 44476315 0 X WWW.GRANDSETTLEMENT.ORG X 1916 NY SEE SCHEDULE O 27 27 743 300 0 0 42163257 43566058 15697 14486 538923 203029 68594 -135972 42786471 43647601 264514 326712 0 0 20745250 23582333 6500 0 1006282 12443707 15792977 33459971 39702022 9326500 3945579 36114808 40925376 12477289 13010891 23637519 27914485 X SEE SCHEDULE OGRAND ST. SETTLEMENT EXPANDS OPPORTUNITIES FOR LOW-INCOME FAMILIES AND INDIVIDUALS BY PROVIDING CULTURALLY RELEVANT SERVICES THAT SUPPORT COMMUNITY BUILDING, ADVOCACY, SELF-DETERMINATION AND AN ENRICHED QUALITY OF LIFE. SINCE ITS FOUNDING IN 1916, GRAND ST. SETTLEMENT HAS OFFERED A CONTINUUM OF INNOVATIVE PROGRAMS RANGING FROM EARLY CHILDHOOD AND YOUTH DEVELOPMENT TO COMMUNITY SUPPORT FOR ADULTS AND SENIORS. 0 0 18799372 0 0 SEE SCHEDULE O - EARLY CHILDHOOD SERVICESEARLY CHILDHOOD:GRAND ST. SETTLEMENT SERVICED 1,036 CHILDREN (AGES BIRTH TO FIVE) AND THEIR FAMILIES IN 30 EARLY CHILDHOOD EDUCATION SITES IN THE LOWER MANHATTAN AND BROOKLYN. THIS INCLUDES 486 CHILDREN IN GSS-RUN CENTERS, AND 469 CHILDREN IN GSS-SUPPORTED CHILD CARE PARTNER CENTERS. IN FY23, 213 FAMILIES IN THE EARLY CHILDHOOD PROGRAMS ACHIEVED THEIR GOALS OF COMPLETED A DEGREE PROGRAM, JOB TRAINING PROGRAM, RECEIVING LEGAL ASSISTANCE, OR OTHER KEY ACCOMPLISHMENTS. GSS LINKED ELIGIBLE CHILDREN TO COMPREHENSIVE SPECIAL NEEDS SERVICES AND THERAPIES SUCH AS OCCUPATIONAL, PHYSICAL, AND SPEECH THERAPY. FAMILIES RECEIVED ALL SPECIAL NEEDS SERVICES FOR FREE, AND THE TOTAL VALUE OF THOSE SERVICES WAS APPROXIMATELY $12,000 PER CHILD. 12089024 326712 14486 SEE SCHEDULE O - YOUTH AND COMMUNITY DEVELOPMENT SERVICESYOUTH AND COMMUNITY DEVELOPMENT SERVICES: GSS PROVIDED OVER 3,000 HOURS OF OUT-OF-SCHOOL LEARNING ACTIVITIES TO OVER 4,771 SCHOOL-AGE CHILDREN FROM LOW-INCOME COMMUNITIES IN NEW YORK CITY. THIS INCLUDES AFTERSCHOOL AND SUMMER DAY CAMP AT SCHOOLS AND COMMUNITY CENTERS ACROSS THE LOWER EAST SIDE AND BROOKLYN. GSS YOUTH PROGRAMS ARE PROVEN TO IMPROVE ATTENDANCE, GRADES, GREATER PARTICIPATION IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) EDUCATION, AND COMMUNITY SUPPORTS FOR YOUTH. IN FY2023, GSS EXPANDED ITS STEM LEARNING CURRICULUM TO 585 PUBLIC SCHOOL STUDENTS WHO LIVE IN PUBLIC HOUSING. 1793530 0 0 SEE SCHEDULE O - SENIOR SERVICESSENIOR SERVICES: GSS IS COMMITTED TO ENSURING THAT OLDER ADULTS FROM THE LOW-INCOME COMMUNITIES WE SERVE HAVE THE SERVICES AND SUPPORT NEEDED TO AGE IN PLACE AND REMAIN ACTIVE MEMBERS OF THE COMMUNITY. BEYOND BEING A SERVICE PROVIDER, GSS FUNCTIONS AS A GATHERING PACE THAT HONORS THIS PERIOD OF LIFE FOR ITS TREMENDOUS POTENTIAL FOR PERSON GROWTH, WISDOM, AND CREATIVITY, IMPROVING QUALITY OF LIFE BY OFFERING AMPLE OPPORTUNITIES FOR SENIORS TO VOLUNTEER AND EXPLORE THE RICH CULTURAL AND LINGUISTIC DIVERSITY THAT DEFINES THE LOWER EAST SIDE. OUR PRIMARY NEIGHBORHOOD SENIOR CENTER, THE GRAND COALITION OF SENIORS, IS LOCATED WITHIN OUR HEADQUARTERS BUILDING AT 80 PITT ST., ADJACENT TO LARGE NEW YORK CITY HOUSING AUTHORITY (NYCHA) DEVELOPMENTS, THE GOMPERS HOUSES, THE BARUCH HOUSES, AND NEAR SEVERAL OTHER NYCHA AND AFFORDABLE HOUSING COMPLEXES. THE GRAND COALITION OF SENIORS SERVES NEARLY 1,523 PEOPLE A YEAR. GSS ALSO OPERATES SENIOR PROGRAMS AT A NATURALLY OCCURRING RETIREMENT COMMUNITY (NORC) IN THE BARUCH HOUSES WITH 600+ PARTICIPANTS. GSS SERVES SENIORS AT OUR HUD 202 SENIOR HOUSING FACILITY ON EAST 6TH ST., WHICH SERVES 99 SENIOR RESIDENTS, AND AT THE ESSEX CROSSING COMMUNITY CENTER AT 175 DELANCEY ST. IN ESSEX CROSSING, WHICH SERVES 150 SENIORS WHO LIVE IN THE BUILDING.THE GRAND COALITION OF OLDER ADULTS AT 80 PITT ST. WAS RELOCATED TO THE ESSEX CROSSING COMMUNITY CENTER AT 175 DELANCEY ST. SO THAT THE 80 PITT ST. BUILDING COULD UNDERGO THE LONG-PLANNED CAPITAL RENOVATION PROJECT, WHICH IS NEARING COMPLETION. SENIORS EXPERIENCED LITTLE DISRUPTION OF SERVICES, AND SHUTTLE VANS WERE USED TO ACCOMMODATE SENIORS IF THEY WERE FURTHER AWAY FROM ESSEX CROSSING. FOOD DISTRIBUTION CONTINUED TO HOMEBOUND SENIORS. THE PROGRAM PLANS TO RETURN TO THE COMMUNITY CENTER AT 80 PITT ST. IN FY 2024 SINCE THE BUILDING RENOVATIONS ARE COMPLETED. 304316 0 0 FAMILIES/BENEFITS ASSISTANCE:THROUGH OUR BENEFITS ASSISTANCE (FORMERLY KNOWN AS SINGLE STOP) PROGRAM AND OTHER SOCIAL WORKER SUPPORT, IN FISCAL YEAR 2023, GSS SECURED BENEFITS AND SERVICES FOR 1,305 FAMILIES TOTALING OVER $2.7 MILLION WORTH OF ASSISTANCE. GSS SUPPORTS FAMILIES IN MEETING THEIR FINANCIAL GOALS INCLUDING PROVIDING FREE TAX PREPARATION SERVICES TO 241 HOUSEHOLDS. GSS REFERRALS FOR LEGAL ASSISTANCE HELPED 87 WITH LEGAL ISSUES. THE PROGRAM CONNECTED 297 HOUSEHOLDS TO EMERGENCY BROADBAND INTERNET SERVICES, ENROLLED 27 PEOPLE IN JOB TRAINING AND RESUME BUILDING, AND CONNECTED 389 FAMILIES TO FOOD PANTRY SERVICES. 304316 0 0 32986242 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 312 0 743 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X NAIMA CHISOLM 2126741740 80 PITT STREET NEW YORK NY 10002 RALPH W ROSE CHAIR 10.00 0.00 X X 0 0 0 BRYAN KOPLIN PRESIDENT 2.00 0.10 X X 0 0 0 ALBERTO JIMENEZ SECRETARY 2.00 0.10 X X 0 0 0 DAVID M LEE TREASURER 2.00 0.00 X X 0 0 0 ADAM ANGELOWICZ DIRECTOR 1.00 0.00 X 0 0 0 ALAN JAY BRAZIL DIRECTOR 1.00 0.00 X 0 0 0 DIANA R BREEN DIRECTOR 1.00 0.00 X 0 0 0 ANDREW G CELLI JR DIRECTOR 1.00 0.20 X 0 0 0 BRETT DEARING DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN DEDYO DIRECTOR 1.00 0.00 X 0 0 0 ALEXANDER GARDNER DIRECTOR 1.00 0.00 X 0 0 0 SCOTT GEWIRTZ DIRECTOR 1.00 0.00 X 0 0 0 TRACIE F GOLDING-GERSON DIRECTOR 1.00 0.00 X 0 0 0 BRIAN GOMEZ DIRECTOR 1.00 0.10 X 0 0 0 TAMEKA GREEN DIRECTOR 1.00 0.00 X 0 0 0 JAMAL HALEPOTA DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM HUBBARD DIRECTOR, THRU OCTOBER 2022 1.00 0.00 X 0 0 0 TAMARA HUBINSKY DIRECTOR 1.00 0.00 X 0 0 0 JOYCE LEE DIRECTOR 1.00 0.00 X 0 0 0 KENNETH W LIEBMAN DIRECTOR 1.00 0.20 X 0 0 0 SYLVIA M MONTERO DIRECTOR 2.00 0.00 X 0 0 0 SUMYA OJAKLI DIRECTOR 1.00 0.00 X 0 0 0 AMY R PASQUARIELLO DIRECTOR, THRU JUNE 2023 1.00 0.10 X 0 0 0 TENILLE PHAM SKELTON DIRECTOR 1.00 0.00 X 0 0 0 VICTOR RASUK DIRECTOR 1.00 0.00 X 0 0 0 JENNA SHEN DIRECTOR 1.00 0.00 X 0 0 0 NICHOLAS STEIN DIRECTOR 1.00 0.00 X 0 0 0 MARIO TUFANO DIRECTOR 1.00 0.00 X 0 0 0 TINT TINT YAP DIRECTOR 1.00 0.00 X 0 0 0 ROBERT CORDERO EXECUTIVE DIRECTOR 35.00 0.00 X 346496 0 78106 WILLING CHIN DEPUTY EXECUTIVE DIRECTOR 35.00 0.00 X 197376 0 52730 CLOVIS THORN MANAGING DIRECTOR OF DEVELOPMENT 35.00 0.00 X 192605 0 56472 THANH H BUI MANAGING DIRECTOR OF YOUTH SERVICES 35.00 0.00 X 171329 0 46108 ELSA PEREIRA MANAGING DIRECTOR OF OPERATIONS 35.00 0.00 X 169449 0 47501 MARIA C DEJESUS MANAGING DIRECTOR OF HUMAN RESOURCES 35.00 0.00 X 152490 0 26906 AYANA REEFE HEAD START/EARLY HEAD START DIRECTOR 35.00 0.00 X 137186 0 37632 1366931 0 345455 11 0 1 0 CONSTRUCTOMICS LLC 40 BROAD STREET 4TH FLOOR NEW YORK NY 10004 CONSTRUCTION SERVICES 5397937 BTQ FINANCIAL A DIVISION OF CONSERO GLOB PO BOX 22528 NEW YORK NY 100872528 FINANCIAL SERVICE 946055 FAIRDINKUM CONSULTING LLC 15 EAST 32ND STREET NEW YORK NY 10016 CONSULTANT SERVICES 785263 GR SERVICES DBA GOBINDAT RAMLALL 120-41 SPRINGFIELD BOULEVARD JAMAICA NY 11411 CONSTRUCTION SERVICES 302236 KREATIVE KARE DAY CARE CENTER INC 292 PALMETTO STREET BROOKLYN NY 11237 DAY CARE SERVICES 296991 20 504401 214412 39357080 3490165 57859 43566058 PARENT FEES 624100 7620 7620 PARTICIPANTS INCOME 624100 6866 6866 14486 129312 129312 36000 36000 0 578390 504673 73717 73717 73717 76250 214412 288041 -211791 -211791 REFUNDS 900099 56397 56397 MISCELLANEOUS INCOME 900099 19422 19422 75819 43647601 14486 0 67057 X 326712 326712 603783 554258 30136 19389 17969433 16266064 1117056 586313 573316 526290 28615 18411 2915098 2678606 143905 92587 1520703 1395968 75901 48834 59588 236 59349 3 1034300 4099 1030152 49 125078 125078 48497 48497 4806140 4111730 616721 77689 73001 289 72709 3 2914445 2510274 277950 126221 715446 149184 559413 6849 909388 738865 169381 1142 117533 92710 19351 5472 403672 360190 33920 9562 125198 125198 603569 603569 458193 1403 456790 FOOD 1104174 1084821 14205 5148 PARENT AND PARTICIPANT 958906 912781 45745 380 REPAIRS AND MAINTENANCE 478339 421813 56526 MISCELLANEOUS EXPENSE 279992 275658 2333 2001 577518 449213 122076 6229 39702022 32986242 5709498 1006282 1844658 2522535 51447 38726 16942386 12568036 174271 165871 20649799 2669738 11410885 17980061 5632271 5819443 58890 1830704 36114808 40925376 3924310 5907595 54909 56154 1260000 1818592 2268515 2475970 4969555 2752580 12477289 13010891 X 17754258 22347806 5883261 5566679 23637519 27914485 36114808 40925376 X 3945579 354681 -23294 X X 0 1 X 1 1 1 X 22993935 26938767 31387971 42151908 43566058 167038639 1282952 2672707 2537074 2152079 2106752 10751564 24276887 29611474 33925045 44303987 45672810 177790203 177790203 146137 141071 119855 141043 129312 677418 42401 20996 58024 206679 75819 403919 178871540 267713 0.99400 0.99320 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 18,195. 2019 AMOUNT: $ 20,996. 2020 AMOUNT: $ 29,202. 2021 AMOUNT: $ 111,006. 2022 AMOUNT: $ 19,422. REFUNDS - 2018 AMOUNT: $ 24,206. 2020 AMOUNT: $ 28,822. 2021 AMOUNT: $ 15,673. 2022 AMOUNT: $ 56,397. LOAN FORGIVENESS - 2021 AMOUNT: $ 80,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 125078 125078 0 PART II-B, LINE 1: THE ORGANIZATION CONTRACTED WITH TWO LOBBYISTS FOR ASSISTANCE WITH SECURING FUNDING AND RESOLVING CONTRACTING ISSUES RELATED TO CITY AND STATE CAPITAL GRANTS AND RESOLVING ISSUES RELATED TO CITY CAPITAL BUDGET FUNDING. 3559662 69143 191513 3437292 3868160 -121088 187410 3559662 3625998 377342 135180 3868160 3741434 48022 163458 3625998 3784774 122011 165351 3741434 0.00000 1.00000 0.00000 0 0 150573 12283 138290 492849 492694 155 4459806 2164761 2295045 15546571 15546571 17980061 ADVANCES FROM GOVERNMENT AGENCIES 993237 RIGHT OF USE FINANCE LEASE LIABILITY 283540 RIGHT OF USE OPERATING LEASE LIABILITY 1475803 2752580 X 47618991 354681 3629206 36000 4019887 43599104 48497 48497 43647601 43342025 3629206 59294 3688500 39653525 48497 48497 39702022 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS CONSIST OF DONOR CONTRIBUTIONS RESTRICTED TO ENDOWMENT WHOSE PRINCIPAL MUST REMAIN INTACT IN PERPETUITY. INCOME EARNED MAY BE USED FOR GENERAL PURPOSES. PART X, LINE 2: THE SETTLEMENT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SETTLEMENT HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SETTLEMENT IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 36,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 36,000. WRITE-OFF OF PLEDGE RECEIVABLES 23,294. TASTE OF THE LOWER EAST SIDE 211286 155986 55300 3580 83212 158130 GOLF CLASSIC 79376 58426 20950 1500 8000 18650 12434 2535 290662 214412 76250 1500 11580 18650 95646 160665 288041 -211791 1 STIPENDS FOR PARTICIPANTS/VOLUNTEERS 412 326712 PART I, LINE 2: THE ORGANIZATION AWARDS STIPENDS TO INDIVIDUALS WHO SPEND TIME ON GSS PROJECTS AS WELL AS STUDENTS WHO ATTEND THE ACTIVITIES OFFERED BY THE ORGANIZATION. THE STUDENTS ARE AWARDED STIPENDS AS AN INCENTIVE TO ATTEND SCHOOL, AND ACHIEVE HIGH GRADES. X X X 0 0 0 0 0 0 0 1 0 ROBERT CORDERO EXECUTIVE DIRECTOR 289778 0 56718 0 0 0 31830 0 46276 0 424602 0 0 0 WILLING CHIN DEPUTY EXECUTIVE DIRECTOR 197376 0 0 0 0 0 18033 0 34697 0 250106 0 0 0 CLOVIS THORN MANAGING DIRECTOR OF DEVELOPMENT 192605 0 0 0 0 0 17368 0 39104 0 249077 0 0 0 THANH H BUI MANAGING DIRECTOR OF YOUTH SERVICES 171329 0 0 0 0 0 15419 0 30689 0 217437 0 0 0 ELSA PEREIRA MANAGING DIRECTOR OF OPERATIONS 169449 0 0 0 0 0 15275 0 32226 0 216950 0 0 0 MARIA C DEJESUS MANAGING DIRECTOR OF HUMAN RESOURCES 152490 0 0 0 0 0 13813 0 13093 0 179396 0 0 0 AYANA REEFE HEAD START/EARLY HEAD START DIRECTOR 137186 0 0 0 0 0 6943 0 30689 0 174818 0 0 0 PART I, LINE 7 ROBERT CORDERO INCLUDED IN SCHEDULE J, PART II RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2022, WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN HIS 2022 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. X 1 57859 AVG. SALES PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART I, LINE 1: FOUNDED IN 1916, THE CORPORATION PROVIDES RESIDENTS OF NEW YORK CITY WITH THE TOOLS AND SUPPORT THEY NEED TO OVERCOME CHALLENGING CIRCUMSTANCES AND BUILD PRODUCTIVE LIVES AND FUTURES, AS FURTHER DESCRIBED IN THE CERTIFICATE OF INCORPORATION. ITS COMPREHENSIVE AND INTEGRATED ARRAY OF CULTURALLY RELEVANT PROGRAMS AND SERVICES ASSIST MORE THAN 13,500 AREA RESIDENTS OF ALL AGES ANNUALLY FROM TODDLERS IN EARLY HEAD START AND DAY CARE TO SCHOOL-AGE YOUTH PARTICIPATING IN EDUCATIONAL AND RECREATIONAL AFTERSCHOOL PROGRAMS, TO PROGRAMS FOR YOUNG ADULTS AND SENIOR CITIZENS, INCLUDING PROVIDING HOUSING TO SENIORS. THE CORPORATION ALSO SUPPORTS THE MISSION AND PURPOSE OF THE GRAND STREET SETTLEMENT SENIOR HOUSING DEVELOPMENT FUND CORPORATION, A SPONSORED PROJECT OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 3 GRAND STREET SETTLEMENT OUTSOURCED ITS FINANCIAL DEPARTMENT TO BTQ FINANCIAL. BTQ PROVIDED THE FOLLOWING SERVICES: GENERAL FINANCIAL MANAGEMENT, PLANNING AND BUDGETING, MAINTAIN THE ACCOUNTING AND FINANCIAL SYSTEM AND ASSIST WITH MANAGING THE SETTLEMENT'S GRANTS. FEES INCURRED FOR BTQ DURING FISCAL YEAR 2023 FOR THESE SERVICES WERE $930,600. FORM 990, PART VI, SECTION B, LINE 11B GRAND STREET SETTLEMENT HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PRESENTED TO BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO KEY EMPLOYEES, BOARD MEMBERS, AND OFFICERS OF THE ORGANIZATION. UPON BEING HIRED, ALL EMPLOYEES ARE PROVIDED WITH THE EMPLOYEE HANDBOOK, WHICH INCLUDES A CONFLICT OF INTEREST POLICY. ALL EMPLOYEES ARE REQUIRED TO SIGN AN ACKNOWLEDGEMENT FORM STATING THAT THEY HAVE READ AND AGREE WITH THE POLICIES IN THE HANDBOOK. IF AN EMPLOYEE BECOMES AWARE OF A POTENTIAL CONFLICT DURING THE YEAR, THEY ARE REQUIRED TO NOTIFY EITHER THEIR SUPERVISOR OR THE EXECUTIVE DIRECTOR. THE BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE POLICY IS UPDATED ON AN ANNUAL BASIS TO ENSURE THAT ALL POTENTIAL CONFLICTS ARE HANDLED PROPERLY. IF ANY CONFLICTS WERE TO ARISE, THEY WOULD BE HANDLED BY THE INDEPENDENT DIRECTORS OF THE BOARD TO ENSURE THAT THE CONFLICTS DO NOT AFFECT OPERATIONS. THE INTERESTED PERSON WOULD BE EXCUSED FROM VOTING ON THE CONFLICT RESOLUTION. ANY RESOLUTION WOULD BE DOCUMENTED IN THE MINUTES TO THE MEETING, AND WOULD INCLUDE THE NAMES OF THE PERSONS INVOLVED, THE INDEPENDENT DIRECTORS WHO VOTED ON THE POTENTIAL CONFLICT, AND DECISION OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 DURING THE MONTH OF JULY, THE BOARD OF DIRECTORS SHALL, SUBJECT TO THE MINIMUM ANNUAL INCREASE SET FORTH BELOW, EVALUATE THE LEVEL OF COMPENSATION AND BENEFITS BEING PAID TO THE EXECUTIVE DIRECTOR BASED UPON HIS DUTIES AND RESPONSIBILITIES, THE MANNER IN WHICH HE CARRIES OUT THOSE DUTIES AND RESPONSIBILITIES, THE COMPENSATION BEING PAID TO INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR INSTITUTIONS IN THE SAME GEOGRAPHICAL AREA, THE PANO (PROFESSIONAL ASSOCIATION OF NONPROFIT ORGANIZATIONS) COMPENSATION SURVEY, AND ANY OTHER FACTORS WHICH THE BOARD OF DIRECTORS DEEMS TO BE RELEVANT WITH RESPECT TO THE COMPENSATION PAYABLE TO EXECUTIVES OF ORGANIZATIONS IN THE STATE OF NEW YORK. PROVIDED, HOWEVER, THAT (A) THE SETTLEMENT SHALL INCREASE EMPLOYEE'S BASE SALARY BY THE AMOUNT OF NO LESS THAN THREE PERCENT (3%) PER YEAR, AND (B) THE SETTLEMENT SHALL NOT, UNDER ANY CIRCUMSTANCES, INCREASE THE AMOUNT OF COMPENSATION OR BENEFITS PAYABLE TO THE EMPLOYEE BY ANY GREATER AMOUNT IF SUCH INCREASE RESULTS IN COMPENSATION AND/OR OTHER BENEFITS THAT ARE EXCESSIVE OR UNREASONABLE OR CONSTITUTE PRIVATE INUREMENT. THIS MINIMUM INCREASE IS DISCLOSED IN THE EMPLOYMENT AGREEMENT WITH THE EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE LAST APPROVED HIS COMPENSATION IN FY2023. COMPENSATION FOR THE OTHER OFFICERS OF THE ORGANIZATION IS DETERMINED BY THE BOARD OF DIRECTORS ANNUALLY. THE BOARD OF DIRECTORS SHALL EVALUATE THE LEVEL OF COMPENSATION AND BENEFITS BEING PAID TO THE OFFICER BASED UPON HER DUTIES AND RESPONSIBILITIES, THE MANNER IN WHICH SHE CARRIES OUT THOSE DUTIES AND RESPONSIBILITIES, THE COMPENSATION BEING PAID TO INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR INSTITUTIONS IN THE SAME GEOGRAPHICAL AREA, AND ANY OTHER FACTORS WHICH THE BOARD OF DIRECTORS DEEMS TO BE RELEVANT WITH RESPECT TO THE COMPENSATION PAYABLE TO EXECUTIVES OF ORGANIZATIONS IN THE STATE OF NEW YORK. THE BOARD'S DISCUSSION AND APPROVAL OF THE COMPENSATION IS DOCUMENTED IN THE MINUTES TO THE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE EXEMPT ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G FAMILY CARE HEALTH SERVICES: PROGRAM SERVICE EXPENSES 2,318,063. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,318,063. HEALTH AND EDUCATION SERVICES: PROGRAM SERVICE EXPENSES 1,090,351. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,090,351. CONSULTANTS: PROGRAM SERVICE EXPENSES 14,484. MANAGEMENT AND GENERAL EXPENSES 571,976. FUNDRAISING EXPENSES 58,232. TOTAL EXPENSES 644,692. PARTICIPANT FEES: PROGRAM SERVICE EXPENSES 388,030. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 388,030. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 244,434. MANAGEMENT AND GENERAL EXPENSES 36,360. FUNDRAISING EXPENSES 15,811. TOTAL EXPENSES 296,605. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 31,857. MANAGEMENT AND GENERAL EXPENSES 4,739. FUNDRAISING EXPENSES 2,061. TOTAL EXPENSES 38,657. OTHER PROFESSIONAL: PROGRAM SERVICE EXPENSES 24,511. MANAGEMENT AND GENERAL EXPENSES 3,646. FUNDRAISING EXPENSES 1,585. TOTAL EXPENSES 29,742. FORM 990, PART XI, LINE 9: WRITE-OFF OF PLEDGE RECEIVABLES -23,294. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GRAND STREET SETTLEMENT SENIOR HDFC 200 WEST 57TH STREET SUITE 702 NEW YORK NY 10019 421607854 TO PROVIDE AFFORDABLE HOUSING NY 501(C)(3) LINE 10 GRAND STREET SETTLEMENT INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0