2025-05-14T13:27:53-05:00 2024-06-30 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2023-07-01 133486829 CHILDREN'S RESCUE FUND CHIL 7182993819 1520 BROOK AVENUE BRONX NY 10457 ORLANDO IVEY CEO/PRESIDENT 7182993819 2025-05-14 1 0 MIKE SCHALL P02024184 2126618640 2025-05-14 2023 2025-03-06 01:10:19Z ORLANDO C IVEY 1520 BROOK AVENUE BRONX NY 10457 101862277 0 X THECHILDRENSRESCUEFUND.ORG X 1992 NY TO THE HOMELESS POPULATION WITH SERVICES REQUIRED TO ASSIST AND EMPOWER THEM TO BECOME INDEPENDENT AND SELF-SUFFICIENT PRODUCTIVE CITIZENS TO OBTAIN PERMANENT HOUSING AND ENSURING THEIR CHILDREN'S RIGHTS TO EDUCATION AND HEALTHCARE. 6 5 701 5 0 0 75537390 100592488 1026877 1091600 82311 172210 89012 5979 76735590 101862277 0 0 0 0 18278652 27796201 0 0 0 59201709 77019640 77480361 104815841 -744771 -2953564 147764989 273065889 146627268 275049722 1137721 -1983833 TO SERVE THE HOMELESS POPULATION WITH SERVICES REQUIRED TO ASSIST AND EMPOWER THEM TO BECOME INDEPENDENT AND SELF-SUFFICIENT PRODUCTIVE CITIZENS TO OBTAIN PERMANENT HOUSING AND ENSURING THEIR CHILDREN'S RIGHTS TO EDUCATION AND HEALTHCARE. 0 0 96118221 1091600 THE CHILDREN'S RESCUE FUND PROVIDES EMERGENCY TRANSITIONAL HOUSING TO HOMELESS FAMILIES AND SINGLE ADULTS IN NYC. CRF'S THREE LARGEST SHELTERS ARE HOUSE EAST, HOTELS AND KENILWORTH. AT ANY GIVEN TIME, THESE THREE SHELTERS PROVIDE SERVICES TO OVER 400 FAMILIES AND 200 INDIVIDUALS.ON SITE SOCIAL SERVICES INCLUDES INDIVIDUAL COUNSELING, ADVOCACY, EDUCATIONAL WORKSHOPS, AND ASSISTANCE IN SEEKING AND FINDING PERMANENT HOUSING. THE ON-SITE SOCIAL WORKERS WHO PROVIDE MENTAL HEALTH ASSESSMENTS AND CRISIS INTERVENTION. AS AN ORGANIZATION, CRF PARTNERS WITH LOCAL SERVICE PROVIDES FOR SERVICES NOT PROVIDED BY OUR STAFF. 96118221 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 5 0 1 701 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY X ERNIE ENDARA 7182993819 1520 BROOK AVENUE BRONX NY 10457 JOSEPH DISCALA CHAIRMAN (THROUGH 7/15/24) 1.00 X X 0 0 0 ORLANDO C IVEY PRESIDENT 35.00 X X 266201 0 24577 ANESTA HOLDER SECRETARY 1.00 X X 0 0 0 RALPH A MESSINA SEC/TREAS (THROUGH 8/21/24) 1.00 X X 0 0 0 DANIEL SCOLLINS DIRECTOR 1.00 X 0 0 0 KEISHA BALLENTINE-CARGILL DIRECTOR 1.00 X 0 0 0 ANDREA LAWRENCE DIRECTOR 1.00 X 0 0 0 TERRANCE HORTON DIRECTOR 1.00 X 0 0 0 ASHRAF ABDELTAWAB SENIOR VP FINANCE (THROUGH 12/24) 35.00 X 212875 0 49042 ANGELA GONZALEZ CHIEF PROGRAM OFFICER 35.00 X 227234 0 31236 TAHISHA SALMON LUE HING EXECUTIVE VP (THROUGH 9/24) 35.00 X 199100 0 48101 JENIFFER A MOUNT VICE PRESIDENT OPERATIONS 35.00 X 149146 0 12044 JOSEPH MICHAEL ESHEYIGBA ASSISTANT VP,PROGRAMS (TROUGH 3/24) 35.00 X 135000 0 0 YOLANDA FREDERICK ASSISTANT VP,PROGRAMS 35.00 X 116070 0 19046 NIXON PIERRE PROGRAM DIRECTOR (THROUGH 5/24) 35.00 X 114231 0 21996 NICOLE HENRY-BROWN PROGRAM DIRECTOR (THROUGH 1/25) 35.00 X 109040 0 30947 1528897 0 236989 11 0 1 0 GROUND SUPPORT SERVICES 90 WATERBURY STREET BROOKLYN NY 11206 SECURITY SERVICES 3076460 GLOBAL SECURITY SOLUTIONS 6165 JERICHO TURNPIKE COMMACK NY 11725 SECURITY SERVICES 2453009 MAUZONE KOSHER PRODUCTS LLC 26-36 BOROUGH PLACE WOODSIDE NY 11377 FOOD SERVICES 2058516 MONARCH FACILITIES MANAGEMENT 244 WATER STREET SUICE C1 BROOKLYN NY 11201 CONTRACT MAINTENANCE 765042 EMPIRE REALTY 1144 EVERGREEN AVENUE BRONX NY 10472 CONTRACT MAINTENANCE 284305 5 100592488 100592488 CONTRACT SERVICE 900099 1091600 1091600 1091600 172210 172210 MISCELLANEOUS REVENUE 900099 5979 5979 5979 101862277 1091600 0 178189 1058366 1058366 21652299 19610676 2041623 107052 107052 2897607 2589399 308208 2080877 1806196 274681 39570 25140 14430 13908 13908 1143897 731442 412455 1268933 612624 656309 251077 220153 30924 53407661 50842500 2565161 55351 55351 405656 405656 801305 22199 779106 SECURITY 11775823 11775823 CLIENT SUPPLIES AND REL 5104061 5104061 REPAIRS & MAINTENANCE 1837276 1837276 OTHER 569958 499760 70198 345164 333920 11244 104815841 96118221 8697620 0 1975319 3312718 86871 35861 18084751 33439232 117766 13873525 10839174 3440007 3034351 124060275 233243727 147764989 273065889 21697528 38306345 1771227 1163065 319540 122838973 235580312 146627268 275049722 X 1137721 -1983833 1137721 -1983833 147764989 273065889 -2953564 -167990 0 X 0 1 X 1 1 1 X 28649312 53040477 35083094 75537390 100592390 292902663 1026877 1091600 2118477 28649312 53040477 35083094 76564267 101683990 295021140 0 0 0 295021140 1466 1099 383 82311 172210 257469 1466 1099 383 82311 172210 257469 4146 2454 1039 89012 5979 102630 28654924 53044030 35084516 76735590 101862179 295381239 0.99880 0.99910 0.00090 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 311901 311901 9776372 7821095 1955277 1069064 647848 421216 1544577 1478866 65711 1171611 891365 280246 3034351 OTHER ASSETS 50918 SECURITY DEPOSIT 176761 OPERATING LEASE ROU 233016048 233243727 OPERATING LEASE 235580312 235580312 X 101862277 0 101862277 0 101862277 104815841 0 104815841 0 104815841 PART X, LINE 2: THE FUND DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING JUNE 30, 2021 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. SCHEDULE D PART IX OTHER ASSETS AND PART X OTHER LIABILITIES DURING THE FISCAL YEAR ENDED JUNE 30, 2024, THE ORGANIZATION ENTERED INTO THREE NEW LONG-TERM LEASES, IN ADDITION TO EXISTING LONG-TERM LEASE OBLIGATIONS. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THESE LEASES ARE REQUIRED TO BE ACCOUNTED FOR UNDER ASC 842, WHICH MANDATES THE RECOGNITION OF RIGHT-OF-USE ASSETS AND CORRESPONDING LEASE LIABILITIES ON THE STATEMENT OF FINANCIAL POSITION. AS A RESULT OF THIS REQUIRED ACCOUNTING TREATMENT, THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AND THIS FORM 990 REPORT APPROXIMATELY $1.3 MILLION IN NON-CASH OCCUPANCY EXPENSE RELATED TO THE AMORTIZATION OF RIGHT-OF-USE ASSETS AND INTEREST ON LEASE LIABILITIES. THESE AMOUNTS EXCEED THE ORGANIZATION'S ACTUAL CASH EXPENDITURES FOR LEASE OBLIGATIONS DURING FY2024. IN ACCORDANCE WITH THE TERMS OF THE ORGANIZATION'S COST-REIMBURSEMENT GOVERNMENT CONTRACTS, REVENUE RECOGNITION IS LIMITED TO ACTUAL CASH-BASED EXPENDITURES. THEREFORE, THE REPORTED OCCUPANCY EXPENSE ON THE AUDITED FINANCIALS AND FORM 990 MAY APPEAR ELEVATED RELATIVE TO REIMBURSABLE EXPENSES UNDER SUCH CONTRACTS. ADDITIONALLY, THE ORGANIZATION RECORDED APPROXIMATELY $405,000 IN DEPRECIATION EXPENSE FOR THE YEAR ENDED JUNE 30, 2024. AS OF JUNE 30, 2024, THE ORGANIZATION'S BALANCE SHEET REFLECTS A LEASE LIABILITY OF APPROXIMATELY $235 MILLION AND A CORRESPONDING RIGHT-OF-USE ASSET OF APPROXIMATELY $233 MILLION, NET OF AMORTIZATION. ABSENT THE IMPACT OF ASC 842, THE ORGANIZATION'S TOTAL NET ASSETS AT YEAR-END WOULD HAVE BEEN APPROXIMATELY $580,000. X X 0 0 0 0 0 0 0 0 0 ORLANDO C IVEY PRESIDENT 254201 0 12000 0 0 0 12358 0 12219 0 290778 0 0 0 ASHRAF ABDELTAWAB SENIOR VP FINANCE (THROUGH 12/24) 200875 0 12000 0 0 0 12928 0 36114 0 261917 0 0 0 ANGELA GONZALEZ CHIEF PROGRAM OFFICER 215234 0 12000 0 0 0 30000 0 1236 0 258470 0 0 0 TAHISHA SALMON LUE HING EXECUTIVE VP (THROUGH 9/24) 187100 0 12000 0 0 0 12091 0 36010 0 247201 0 0 0 JENIFFER A MOUNT VICE PRESIDENT OPERATIONS 137146 0 12000 0 0 0 0 0 12044 0 161190 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE AUDIT REPORT AND THE 990 AND PROVIDES EDITS TO THE TAX PREPARER. AFTER THIS PROCESS WAS PERFORMED, THE FORM 990 WAS SENT TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD HIM OR HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD DETERMINES THAT THE INTERESTED PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL TAKE APPROPRIATE ACTION WHICH MAY INCLUDE RECOMMENDATION TO THE BOARD FOR REMOVAL FROM THE BOARD OR TERMINATION OF EMPLOYMENT, AS WELL AS RECONSIDERATION OF WHETHER THE TRANSACTION OR ARRANGEMENT WAS IN THE BEST INTEREST OF AND FAIR AND REASONABLE TO THE FUND AT THE TIME IT WAS UNDERTAKEN. IF IT IS DETERMINED THAT THE TRANSACTION WAS NOT FAIR AND REASONABLE TO THE FUND, THE FUND IN ITS DISCRETION, MAY VOID THE CONTRACT AND/OR REQUIRE THE INTERESTED PERSON TO RESTORE THE FUND TO THE FINANCIAL POSITION IT WOULD HAVE BEEN IN IF SUCH PERSON HAD BEEN DEALING UNDER THE HIGHEST FIDUCIARY STANDING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS PERFORMANCE OF THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES TO DETERMINE THE FAIR MARKET VALUE OF COMPENSATION. AFTER A DELIBERATION OF THIS MATTER, NEW PROPOSED SALARY AND BENEFIT PACKAGES ARE VOTED ON. THE MINUTES OF THE BOARD OF DIRECTORS REFLECT THE NATURE OF THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC INFORMATION DISCLOSURE FORM 990, PART VI, LINE 19, THE FUND DOES MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST AT CHILDREN'S RESCUE FUND HEADQUARTERS, THE FUND'S FINANCIAL STATEMENTS APPEAR ON WWW.GUIDESTAR.ORG AS PART OF THE FORM 990 FILINGS. CRF-HOUSE EAST LLC 1520 BROOK AVE BRONX NY 10457 200491021 EMERGENCY & TRANSITIONAL HOUSING DE 11563719 32282177 CHILDREN'S RESCUE FUND CRF CLUSTER MODEL PROGRAM LLC 1520 BROOK AVE BRONX NY 10457 261580998 EMERGENCY & TRANSITIONAL HOUSING DE 356 3740088 CHILDREN'S RESCUE FUND CRF-HOUSE WEST LLC 1520 BROOK AVE BRONX NY 10457 200810809 INACTIVE DE 1036 0 CHILDREN'S RESCUE FUND