2024-11-15T16:14:35-06:00 2023-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2023-01-01 825474031 MRNY QALICB Inc C/O Make The Road New York % MATT DAPOLITO MRNY 7184187690 301 Grove Street Brooklyn NY 11237 Arlenis Morel Co-Executive Dir. 7184187690 2024-11-15 true true Joseph Perez P00961850 7328281614 2023 2024-10-15 13:58:12Z Arlenis Morel 301 Grove Street Brooklyn NY 11237 3804614 false X N/A X 2018 NY TO ASSIST MAKE THE ROAD NEW YORK ("MRNY") IN ITS MISSION. 6 3 0 3 0 304132 3804534 0 0 46823 80 0 0 350955 3804614 0 0 0 0 0 0 0 0 0 32617 32617 32617 32617 318338 3771997 29692888 35762804 28522184 30820103 1170704 4942701 X THE PURPOSE OF THE ORGANIZATION IS TO SERVE AS A SUPPORTING ORGANIZATION FOR MRNY. (SEE SCHEDULE O FOR DETAILS) false false 0 0 0 CONSTRUCTION & DEVELOPMENT OF A 24,000 SQUARE FOOT COMMUNITY CENTER, THE LEASING OF THE PROPERTY AND SUBLEASING OF THE COMPLETED CENTER WITH MAKE THE ROAD NEW YORK AND MAKING RELATED DEBT SERVICE PAYMENTS. 0 true true false false false false false false false false true false false false false true true true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 5 0 true 0 false false false false false false false false false false false false X 6 3 false false false false false false false true true false false true true true true false false false false false NY X MATT DAPOLITO 7184187690 449 TROUTMAN STREET BROOKLYN NY 11237 Jose L Lopez Co-executive Director 0.25 40.0 X X 0 161742 41825 Theodoro Oshiro Co-Executive Director 0.25 40.0 X X 0 157447 41923 Arlenis D Morel Co-Executive Director 0.25 40.0 X X 0 165360 22392 KARINA C BETANCOURT BOARD MEMBER 0.25 0.0 X 0 0 0 AMY ELIZABETH CAROLL BOARD MEMBER 0.25 0.0 X 0 0 0 PATRICIA SATTERSTROM BOARD MEMBER 0.25 0.0 X 0 0 0 0 484549 106140 0 false true false Duane Morris LLP 30 South 17th Street PHILADELPHIA PA 19103 Legal Services 284109 SC CS Group LLC 1569 Solano Avenue BERKELEY CA 94707 Project Management 437270 2 3804534 3804534 0 80 80 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3804614 80 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32617 32617 0 0 0 32617 0 32617 0 243632 166440 257034 225 0 0 0 0 0 0 0 0 0 0 0 0 0 0 35596139 29192222 35596139 0 0 0 0 0 0 0 0 0 0 29692888 35762804 3353315 5618617 0 0 0 0 0 0 0 0 0 0 25168869 25201486 0 0 0 0 28522184 30820103 X 1170704 4942701 0 0 1170704 4942701 29692888 35762804 3771997 X false true X false false X X 1 MAKE THE ROAD NEW YORK 113344389 7 true 32617 6403917 1 32617 6403917 true false false false false false false false false false false false false false false true true true X true false FORM 990, SCHEDULE A, SECTION D, LINE 3 MAKE THE ROAD NEW YORK (MRNY) HAS A SIGNIFICANT VOICE IN DIRECTING THE USE OF THE ORGANIZATION'S INCOME AND ASSETS. Arlenis Morel IS THE CO-EXECUTIVE DIRECTOR OF MRNY AND THE CHAIR AND TREASURER AS WELL AS A MEMBER OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. Arlenis Morel IS THE CO-EXECUTIVE DIRECTOR OF MRNY AND THE VICE CHAIR AND SECRETARY AS WELL AS A MEMBER OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. THE ORGANIZATION WAS FORMED AT THE DIRECTION OF MRNY AS A SUPPORTING ORGANIZATION FOR MRNY IN ORDER TO FACILITATE FINANCING FOR THE PROJECT AS OUTLINED BELOW. FORM 990, SCHEDULE A, SECTION E, LINE 2A THE ORGANIZATION WILL PARTICIPATE IN A NMTC TRANSACTION TO ALLOW MRNY TO FINANCE THE PROJECT. WITHOUT THE ORGANIZATION'S PARTICIPATION, MRNY WOULD NOT BE ABLE TO PARTICIPATE IN THE NMTC FINANCING OF THE PROJECT AND WOULD FINANCE THE DEBT INCURRED BY THE CONSTRUCTION THROUGH MEANS THAT ARE LESS BENEFICIAL TO MRNY. Form 990, Schedule A, Part I - Line 12g (VI) Construction costs for the Make the Road New York Community Center. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35596139 35596139 35596139 0 0 X 3804614 3804614 3804614 32617 32617 32617 FORM 990, SCHDULE D, PART X, LINE 2 THE ORGANIZATION WAS GRANTED EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ON JUNE 6, 2019 AND WILL SERVE AS A SUPPORTING ORGANIZATION TO MRNY. ITS EXEMPT PURPOSE IS TO ASSIST MRNY IN ITS MISSION. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND NEW YORK. THE ORGANIZATION FOLLOWS THE ACCOUNTING PRONOUNCEMENT RELATING TO UNCERTAIN TAX POSITIONS. THERE ARE NO INCOME TAX RELATED PENALTIES AND INTEREST IN THE PERIODS REPORTED IN THESE FINANCIAL STATEMENTS. false false false false false false false false false Theodoro Oshiro Co-Executive Director 0 157447 0 0 0 0 0 8424 0 33499 0 199370 0 0 Jose L Lopez Co-executive Director 0 161742 0 0 0 0 0 8326 0 33499 0 203567 0 0 Arlenis D Morel Co-Executive Director 0 165360 0 0 0 0 0 8593 0 13799 0 187752 0 0 PART III, LINE 1 - ORGANIZATION MISSION: THE ORGANIZATION WILL PARTICIPATE IN A NEW MARKETS TAX CREDIT TRANSACTION TO COMPLETE THE FINANCING OF (I) THE CONSTRUCTION AND DEVELOPMENT OF A 24,000 SQUARE FOOT COMMUNITY CENTER ("IMPROVEMENTS")LOCATED AT THAT CERTAIN REAL PROPERTY LOCATED AT 104-15 ROOSEVELT AVENUE, CORONA, NY 11368 ("PROPERTY") AND (II) THE LEASING OF THE PROPERTY AND SUBLEASING OF THE COMPLETED IMPROVEMENTS BETWEEN MRNY AND THE ORGANIZATION. THE ORGANIZATION PROVIDES SUPPORTING SERVICES TO MRNY IN FURTHERANCE OF ITS MISSION. PART VI, SECTION B, LINE 11B: MRNY QALICB'S INDEPENDENT CPA PREPARES THE RETURN AND IT IS REVIEWED BY ONE OF ITS CO-EXECUTIVE DIRECTORS, ITS CONTROLLER, AND ITS OUTSIDE CONTRACTED ACCOUNTANT. THE RETURN IS THEN MAILED TO THE FULL BOARD PRIOR TO FILING. PART VI, SECTION B, LINE 12C: THE ORGANIZATION DOES HAVE A WRITTEN CONFLICT OF INTEREST POLICY, AND OFFICERS/DIRECTORS/TRUSTEES ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS ANNUALLY. SCHEDULE D, PART VI, LINE 1E THE FIXED ASSETS DESCRIBED UNDER OTHER IS CONSTRUCTION IN PROGRESS. THE CONSTRUCTION WILL BE A BUILDING IN THE FUTURE. MAKE THE ROAD NEW YORK 301 GROVE STREET BROOKLYN NY 11237 113344389 COMMUNITY ORG NY 501(C)(3) 7 NA false false false true false false false false false false false true false false false false false false false false