2023-05-10T19:05:31-05:00 2022-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2021-07-01 133830057 PARK AVENUE THORPE HOUSING DEVELOPMENT FUND CORPORATION PARK 2127771010 406 EAST 184TH STREET BRONX NY 10458 RACHEL LEVINE EXECUTIVE DIRECTOR 2127771010 2023-05-10 1 RACHEL LEVINE XXX-XX-XXXX GARRETT M HIGGINS P00543209 9143818900 2023-05-02 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z RACHEL LEVINE 406 EAST 184TH STREET BRONX NY 10458 272401 0 X N/A X 1996 NY OPERATING A SUPPORTIVE HOUSING PROJECT FOR LOW INCOME RESIDENTS. 5 4 0 0 0 0 670 145438 272148 124909 35 43 173 2011 273026 272401 0 10000 0 0 0 0 0 0 0 380577 463715 380577 473715 -107551 -201314 1169257 1004085 453223 489365 716034 514720 X PAT HDFC IS COMMITTED TO PROVIDING PERMANENTLY AFFORDABLE, SUPPORTIVE HOUSING TO LOW-INCOME HOUSEHOLDS AND/OR CHRONICALLY HOMELESS HOUSEHOLDS. THE BUILDING MAINTAINS 20 ONE AND TWO BEDROOM APARTMENTS FOR QUALIFYING INDIVIDUALS WHOSE INCOME IS LESS THAN 50% OR 60% OF THE AREA MEDIAN INCOME AS DETERMINED BY HUD. SUPPORTIVE HOUSING ENTAILS ON-SITE CASE MANAGEMENT SERVICES AND LOW RENTS THAT ENABLE FAMILIES TO CONTINUE LIVING IN THEIR COMMUNITIES. 0 0 346043 10000 124909 PAT HDFC PROVIDES TWENTY PERMANENTLY AFFORDABLE SUPPORTIVE HOUSING APARTMENTS TO FORMERLY HOMELESS FAMILIES AND INDIVIDUALS. THE BUILDING'S GROUND FLOOR HOUSES LOUISE'S PANTRY FOOD SECURITY PROGRAM AND THE OFFICE SPACE OUT OF WHICH CASE MANAGEMENT STAFF PROVIDE SUPPORTIVE SERVICES TO RESIDENTS AND COMMUNITY MEMBERS AT LARGE. THESE INCLUDE INTENSIVE CASE MANAGEMENT TO ENSURE HOUSING RETENTION AND STABILITY, DOMESTIC VIOLENCE PREVENTION AND INTERVENTION FUNDED THROUGH THE CITY'S DOMESTIC VIOLENCE AND EMPOWERMENT INITIATIVE, AND A WIDE RANGE OF EDUCATIONAL WORKSHOPS AND WELLNESS EVENTS INCLUDING FINANCIAL EMPOWERMENT CLASSES, FIRE SAFETY COURSES, AND NUTRITIONAL DEMONSTRATIONS. IN FY22 LOUISE'S PANTRY PROVIDED HEALTHY FOOD, TOILETRIES, CLOTHING AND OTHER GOODS TO 200-250 HOUSEHOLDS EACH WEEK, OR ROUGHLY 24,000 INDIVIDUALS THROUGHOUT THE YEAR. 346043 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 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 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X X SIBYL-MICHELLE AKINS 2129827800 519 EAST 11TH STREET NEW YORK NY 10009 MARY KAY ORR EXECUTIVE DIR/TREAS. THRU 6/30/22 3.00 57.00 X X 0 136231 2750 STEVE WRONSKI PRESIDENT 1.00 4.00 X X 0 0 0 MARY KILBOURN VICE PRESIDENT 1.00 6.00 X X 0 0 0 BENNETTE KRAMER SECRETARY 1.00 4.00 X X 0 0 0 SR IRENE ELLIS DIRECTOR 1.00 4.00 X 0 0 0 SIBYL-MICHELLE AKINS CONTROLLER 3.00 57.00 X 0 71012 13490 0 207243 16240 0 0 0 0 NAZARETH HOUSING INC 519 EAST 11TH STREET NEW YORK NY 10009 MANAGEMENT SERVICES 152209 1 145438 145438 RENTAL INCOME 531110 124909 124909 124909 43 43 MISCELLANEOUS INCOME 900099 1991 1991 LAUNDRY 900099 10 10 KEY AND LOCK FEES 900099 10 10 2011 272401 124909 0 2054 10000 10000 101756 101756 1723 1723 7550 7550 950 950 13401 7356 6045 4323 65 4258 65875 64872 1003 113312 110766 2546 32904 29013 3891 REPAIRS AND MAINTENANCE 94638 94015 623 BAD DEBT EXPENSE 27283 27283 473715 346043 127672 0 156725 63551 316454 316498 31861 61602 3046835 2489650 664217 557185 0 5249 1169257 1004085 25034 40906 4031 10306 10306 417883 417883 0 16239 453223 489365 X 716034 514720 716034 514720 1169257 1004085 -201314 0 X 1 X 0 0 0 X 191599 161933 164261 147066 145438 810297 113536 113141 137017 125752 124909 614355 305135 275074 301278 272818 270347 1424652 0 0 0 1424652 54 90 69 35 43 291 54 90 69 35 43 291 55 5903 5740 173 2011 13882 305244 281067 307087 273026 272401 1438825 0.99010 0.99160 0.00020 0.00020 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LAUNDRY INCOME - 2017 AMOUNT: $ 55. 2018 AMOUNT: $ 46. 2019 AMOUNT: $ 137. 2020 AMOUNT: $ 173. 2021 AMOUNT: $ 10. OTHER INCOME - 2018 AMOUNT: $ 5,857. 2019 AMOUNT: $ 5,603. 2021 AMOUNT: $ 1,991. KEY AND LOCK FEES - 2021 AMOUNT: $ 10. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1 1 2953362 2404531 548831 93472 85119 8353 557185 DUE TO NAZARETH HOUSING INC. 16239 16239 X PART IV, LINE 2B: THE AMOUNT IS HELD AS A DAMAGE DEPOSIT. THE DEPOSIT SHALL BE RETURNED TO THE TENANT WITHOUT INTEREST, AND LESS ANY SET OFF FOR DAMAGES TO THE PREMISES UPON TERMINATION OF THE LEASE AGREEMENT. PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2019. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION PURCHASES MANAGEMENT SERVICES FROM NAZARETH HOUSING, INC., A RELATED PARTY. MANAGEMENT SERVICES INCLUDE PROPERTY MANAGEMENT AND SUPERVISION. THESE FEES ARE CHARGEABLE AT A RATE BASED ON 14% OF PROJECTED ANNUAL GROSS INCOME PLUS SUPERINTENDENT COSTS. MANAGEMENT SERVICES INCLUDE PROPERTY MANAGEMENT AND SUPERVISION. MANAGEMENT FEES TOTALING $101,756 PAID DURING FISCAL YEAR 2022. REFER TO PART VII FOR INDIVIDUALS WHO ARE COMPENSATED BY THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT ELECTRONICALLY TO THE BOARD OF THE HDFC BY THE EXECUTIVE DIRECTOR FOR REVIEW PRIOR TO FINALIZATION AND SUBMISSION TO THE IRS. THE BOARD DISCUSSES ANY QUESTIONS, MODIFICATIONS, OR CHANGES FROM PRIOR YEARS. THE BOARD VOTES TO APPROVE THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO A DIRECTOR'S INITIAL ELECTION TO THE BOARD, OR AN OFFICER OR KEY EMPLOYEE'S EMPLOYMENT AT THE CORPORATION, AND THEREAFTER ON AN ANNUAL BASIS, ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES SHALL DISCLOSE IN WRITING TO THE SECRETARY OF THE CORPORATION: (I) ANY ENTITY OF WHICH SUCH PERSON OR A RELATIVE OF SUCH PERSON IS AN OFFICER, DIRECTOR, TRUSTEE, MEMBER, OWNER, OR EMPLOYEE AND WITH WHICH THE CORPORATION HAS A RELATIONSHIP, (II) ANY FINANCIAL INTEREST SUCH PERSON MAY HAVE IN ANY CORPORATION, ORGANIZATION, PARTNERSHIP OR OTHER ENTITY WHICH PROVIDES PROFESSIONAL OR OTHER GOODS OR SERVICES TO CORPORATION FOR A FEE OR OTHER COMPENSATION, AND (III) ANY POSITION OR OTHER MATERIAL RELATIONSHIP SUCH DIRECTOR, OFFICER, KEY EMPLOYEE, OR RELATIVE OF SUCH PERSON, MAY HAVE WITH ANY NOT-FOR-PROFIT CORPORATION WITH WHICH THE CORPORATION HAS A BUSINESS RELATIONSHIP. A COPY OF EACH DISCLOSURE STATEMENT SHALL BE KEPT IN CORPORATION'S FILES AND MADE AVAILABLE TO ANY DIRECTOR, OFFICER, OR KEY EMPLOYEE UPON REQUEST. EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE SHALL ANNUALLY SIGN AND SUBMIT TO THE SECRETARY OF THE CORPORATION A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THIS POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, AND (C) HAS AGREED TO COMPLY WITH THE POLICY. ALL TRANSACTIONS, AGREEMENTS OR ANY OTHER ARRANGEMENTS BETWEEN THE CORPORATION AND A RELATED PARTY, AND ANY OTHER TRANSACTIONS WHICH MAY INVOLVE A POTENTIAL CONFLICT OF INTEREST, SHALL BE REVIEWED BY THE INDEPENDENT DIRECTORS OF THE BOARD. ALL RELATED PARTIES WITH A FINANCIAL INTEREST SHALL LEAVE THE ROOM IN WHICH SUCH DELIBERATIONS ARE CONDUCTED. THE INDEPENDENT DIRECTORS OF THE BOARD WILL THEN DETERMINE WHETHER THE CONTEMPLATED RELATED PARTY TRANSACTION IS FAIR, REASONABLE, AND IN THE BEST INTERESTS OF THE CORPORATION AT THE TIME OF SUCH DETERMINATION. THE CORPORATION WILL NOT ENTER INTO ANY RELATED PARTY TRANSACTION UNLESS IT IS DETERMINED TO BE FAIR, REASONABLE AND IN THE BEST INTEREST OF THE CORPORATION AT THE TIME OF SUCH DETERMINATION. THE BOARD SHALL, AFTER CONSIDERING ALTERNATE TRANSACTIONS AND/OR COMPARABILITY DATA, DETERMINE IN GOOD FAITH BY VOTE THE INDEPENDENT DIRECTORS OF THE BOARD WHETHER THE TRANSACTION OR ARRANGEMENT IS FAIR, REASONABLE, AND IN THE BEST INTEREST OF THE CORPORATION AT THE TIME OF SUCH DECISION. THE TRANSACTION SHALL BE APPROVED BY NOT LESS THAN A MAJORITY VOTE OF THE INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS PRESENT AT THE MEETING. IN CONFORMITY WITH THE ABOVE CRITERIA, THE BOARD SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT AND SHALL DOCUMENT THE MEETING CONTEMPORANEOUSLY. ALL RELATED PARTIES WITH A FINANCIAL INTEREST MUST NOT BE PRESENT FOR DELIBERATIONS AND VOTING ON THE TRANSACTION OR ARRANGEMENT IN WHICH HE OR SHE HAS A FINANCIAL INTEREST. HOWEVER, RELATED PARTIES ARE NOT PROHIBITED FROM PROVIDING INFORMATION REGARDING THE TRANSACTION TO THE BOARD PRIOR TO THE BOARD'S DELIBERATIONS. ONLY INDEPENDENT DIRECTORS OF THE BOARD SHALL VOTE ON RELATED PARTY TRANSACTIONS. NO DIRECTOR OR OFFICER SHALL VOTE, ACT, OR ATTEMPT TO INFLUENCE IMPROPERLY THE DELIBERATIONS ON ANY MATTER IN WHICH HE OR SHE HAS BEEN DETERMINED BY THE BOARD TO HAVE A FINANCIAL INTEREST. ANY ATTEMPT TO VOTE, ACT, OR IMPROPERLY INFLUENCE DELIBERATIONS BY A RELATED PARTY ON ANY MATTER WITH WHICH SUCH PERSON HAS A FINANCIAL INTEREST MAY BE GROUNDS FOR REMOVAL FROM THE BOARD OR TERMINATION FROM THE CORPORATION. A VOTING MEMBER OF THE BOARD OF DIRECTORS OR AN OFFICER WHO RECEIVES COMPENSATION DIRECTLY OR INDIRECTLY FROM THE CORPORATION FOR SERVICES OR A DIRECTOR SERVING AS A VOTING MEMBER OF ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS IS PRECLUDED FROM VOTING OR ACTING ON MATTERS PERTAINING TO THAT DIRECTOR'S OR OFFICER'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. NAZARETH HOUSING INC 519 EAST 11TH STREET NEW YORK NY 10009 133176952 PROVIDE EMERGENCY SHELTER AND HOMELESSNESS PREVENTION NY 501(C)(3) LINE 7 N/A 0 NAZARETH HOUSE HOUSING DEVELOPMENT FUND CORPORATION 519 EAST 11TH STREET NEW YORK NY 10009 522264227 HOUSING FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 10 NAZARETH HOUSING INC 0 721 E 6TH STREET HOUSING DEVELOPMENT FUND CORPORATION 721 EAST 6TH STREET NEW YORK NY 10009 133636346 HOUSING FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 10 NAZARETH HOUSING INC 0 CROTONA THORPE HOUSING DEVELOPMENT FUND CORPORATION 2252 CROTONA AVENUE BRONX NY 10457 465612524 HOUSING FOR LOW INCOME FAMILIES NY NAZARETH HOUSING INC C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0