2019-05-14T13:32:01-05:00 2018-06-30 130485070 BERDON LLP 360 MADISON AVENUE NEW YORK NY 10017 990 2017-07-01 133778489 NEW DESTINY HOUSING CORPORATION NEWD 6464720262 12 W 37TH ST 7TH FL NEW YORK NY 100187384 CORDEN CAROL L EXECUTIVE DIRECTOR 6464720262 2018-11-15 1 DANIEL SHAPIRO P00548573 2128320400 72.22.173.199 2019-05-13 15:41:42 ED P 6F9FD90F3C10F10ECE0670A4642FB105184C36FB BD2053FD1A4450B23B585E057E8A967C53B580C8 2017 2019-02-21 02:37:17Z CORDEN CAROL L 12 W 37TH ST 7TH FL NEW YORK NY 100187384 2399429 0 X WWW.NEWDESTINYHOUSING.ORG X 1994 NY NEW DESTINY HOUSING PROVIDES HOUSING AND SERVICES FOR LOW-INCOME VICTIMS OF ABUSE. 19 19 43 0 0 0 1084269 1331397 1303774 817958 642227 3372 262153 214538 3292423 2367265 0 0 0 0 1360277 1408300 0 0 211960 787297 666633 2147574 2074933 1144849 292332 5568746 6119374 191868 445093 5376878 5674281 X NEW DESTINY CREATES LONG-TERM SECURITY AND STABILITY FOR LOW-INCOME FAMILIES AND INDIVIDUALS AT RISK OF DOMESTIC VIOLENCE AND HOMELESSNESS. 0 0 1109428 95113 IN FISCAL YEAR 2018 NEW DESTINY OPERATED HOUSINGLINK, A CITYWIDE PROGRAM TO HELP LOW-INCOME DOMESTIC VIOLENCE SURVIVORS OBTAIN SAFE, PERMANENT HOUSING. HOUSINGLINK PROVIDES TECHNICAL ASSISTANCE, COUNSELING, TRAINING WORKSHOPS AND AN ON-LINE RESOURCE CENTER. NEW DESTINY ALSO PROVIDES DIRECT SERVICES AND REFERRALS TO TENANTS OF ITS PERMANENT HOUSING WITH THE GOAL OF PROMOTING TENANT STABILITY AND INDEPENDENCE THROUGH ITS FAMILY SUPPORT PROGRAM. ON-SITE TENANT SUPPORT COORDINATORS PROVIDE A WIDE RANGE OF SERVICES INCLUDING CASE MANAGEMENT, EVICTION PREVENTION, DOMESTIC VIOLENCE COUNSELING, SAFETY PLANNING, JOB READINESS SUPPORT, JOB TRAINING REFERRAL, MENTAL HEALTH REFERRALS, AND FINANCIAL LITERACY AND BUDGETING ASSISTANCE. PROGRAMMING FOR CHILDREN AND YOUTH IS ALSO OFFERED. 469859 722845 NEW DESTINY CONTROLS AND MANAGES TWELVE RESIDENTIAL PROJECTS IN FOUR BOROUGHS OF NEW YORK CITY. TWO OF THESE PROJECTS PROVIDE TEMPORARY SHELTER TO DOMESTIC VIOLENCE SURVIVORS AT CONFIDENTIAL LOCATIONS-PRELUDE IN STATEN ISLAND AND LILY HOUSE IN THE BRONX. THE REMAINING TEN PROJECTS OFFER AFFORDABLE RENTALS TO LOW-INCOME SURVIVORS AND OTHER HOUSEHOLDS AT RISK OF HOMELESSNESS - 271 BAINBRIDGE STREET, 281 BAINBRIDGE STREET, 283 BAINBRIDGE STREET, 285 BAINBRIDGE STREET, 919 PARK PLACE AND 291 BAINBRIDGE STREET IN BROOKLYN; 307 E. 54TH STREET IN MANHATTAN; AND 2299 ANDREWS AVENUE, 1070 ANDERSON AVENUE AND 2017 MORRIS AVENUE IN THE BRONX. NEW DESTINY IS CURRENTLY DEVELOPING A SITE IT CONTROLS AT 902 JENNINGS STREET IN THE BRONX, ON WHICH IT IS CONSTRUCTING AN 8 STORY AFFORDABLE HOUSING PROJECT THAT WILL CONTAIN 42 APARTMENTS. NEW DESTINY IS ALSO CURRENTLY DEVELOPING THE SITE IT CONTROLS AT 1071-1075 BRYANT AVENUE IN THE BRONX, AN 8 STORY AFFORDABLE HOUSING PROJECT THAT WILL CONTAIN 62 APARTMENTS IS PLANNED FOR THIS SITE. 1579287 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 26 0 1 43 1 0 0 0 0 0 1 1 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X CAROL CORDEN 6464720262 12 W 37TH ST 7TH FL NEW YORK NY 100187384 SARRO PAULA M SECRETARY 0.50 0.50 X X 0 0 0 ADDONIZIO LANE DIRECTOR 0.50 X 0 0 0 CALOSELAINE DIRECTOR 0.50 X 0 0 0 CEREZOLATHERESA A ASST.SECRETARY 0.50 X X 0 0 0 COOPER JO ELLEN DIRECTOR 0.50 X 0 0 0 FLECK SUSAN L DIRECTOR 0.50 0.50 X 0 0 0 MILLER RACHEL E TREASURER 0.50 X X 0 0 0 PRAVDA MATTHEW DIRECTOR 0.50 X 0 0 0 GALLIGAN ERIN DIRECTOR 0.50 X 0 0 0 MCANDREWS MARJORIE A DIRECTOR 0.50 X 0 0 0 MCLEAN CHARLES E JR 2ND VICE CHAIR 0.50 X X 0 0 0 TUCKER HADRIAN A DIRECTOR 0.50 0.50 X 0 0 0 PLEASANT KRISHANA DIRECTOR 0.50 X 0 0 0 SALMASI NICOLE DIRECTOR 0.50 X 0 0 0 DOYNOW GINA CHAIRPERSON 0.50 X X 0 0 0 WEISSMAN DAVID VICE CHAIR 0.50 0.50 X X 0 0 0 GABRIEL JESSIE DIRECTOR 0.50 0.50 X 0 0 0 LEVINSON NORA DIRECTOR 0.50 X 0 0 0 VAZQUEZ JASON DIRECTOR 0.50 X 0 0 0 WINGARD HUGHES LELA DIRECTOR 0.50 X 0 0 0 KAZINDUKA JOSEPH DIRECTOR OF FIN&ADM 35.00 X 0 0 0 CORDEN CAROL L EXECUTIVE DIR. 35.00 0.50 X 120000 0 6000 120000 0 6000 1 0 0 0 0 718227 613170 1331397 HOUSING SERVICES 531110 383516 383516 DEVELOPER FEE INCOME 531390 339329 339329 SOCIAL SERVICES 624100 95113 95113 817958 3372 3372 246702 32164 214538 214538 2367265 817958 0 217910 100000 75330 14120 10550 1108381 835389 156249 116743 199919 150599 28229 21091 30992 23708 4169 3115 162517 122424 22947 17146 5988 4511 846 631 9570 8358 693 519 14291 12139 1232 920 TENANT ACTIVITIES 121739 91706 17190 12843 MANAGEMENT AND SUPPORTI 81894 62628 11027 8239 CONSULTING FEES 68104 51303 9616 7185 BUILDING & OFFICE MAINT 57641 54864 1589 1188 113897 86328 15779 11790 2074933 1579287 283686 211960 2002469 1939357 258136 360030 10571 13641 37593 38516 242758 164891 79621 77867 3180356 3689963 5568746 6119374 121343 50741 65000 80000 300000 5525 14352 191868 445093 X 5185312 5593669 191566 80612 5376878 5674281 5568746 6119374 X 292332 5071 X 0 1 X 1 0 X 1050680 712639 858941 1293272 1545935 5461467 1134483 1061602 612184 1303774 705361 4817404 2185163 1774241 1471125 2597046 2251296 10278871 49640 30500 42143 49975 66548 238806 0 49640 30500 42143 49975 66548 238806 10040065 14174 4937 2788 642227 3372 667498 14174 4937 2788 642227 3372 667498 194270 194142 205764 53150 112598 759924 2393607 1973320 1679677 3292423 2367266 11706293 0.85770 0.85650 0.05700 0.05710 X PART III, LINE 12 - OTHER INCOME OTHER INCOME: 2012 - $152,122 2013 - $194,270 2014 - $194,142 2015 - $205,764 2016 - $ 53,150 2017 - $112,598 155739 92799 62940 87019 72092 14927 77867 TENANT SECURITY DEPOSITS 5787 REPLACEMENT RESERVES 7472 OPERATING RESERVES 466150 UTILITY DEPOSIT 40000 DUE FROM AFFILIATES 1731593 FEES RECEIVABLE -AFFILIATES 665588 PRE-DEVELOPMENT COST 773373 3689963 SECURITY DEPOSITS 5787 LOAN PAYABLE TO AFFILIATES -13535 ACCRUED INTEREST 17050 PREPAID RENT 5050 14352 X 4549463 2182198 2182198 2367265 0 2367265 6148670 4083307 4083307 2065363 9570 9570 2074933 PART X, LINE 2: NEW DESTINY AND ITS NOT-FOR-PROFIT AFFILIATES ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OR 501(C)(4) OF THE IRC, AS WELL AS STATE AND LOCAL INCOME TAXES. OTHER AFFILIATES OF NEW DESTINY ARE TREATED AS PARTNERSHIPS AND AS CORPORATIONS FOR INCOME TAX PURPOSES. PARTNERSHIP TAXABLE INCOME OR LOSS PASSES THROUGH TO , AND IS REPORTABLE BY, THE PARTNERS, INDIVIDUALLY. THE CORPORATIONS EITHER HAVE HAD ZERO TAXABLE INCOME OR HAVE BEEN CARRYING LOSSES THAT ARE AVAILABLE FOR FUTURE NETTING AGAINST TAXABLE INCOME. THESE LOSSES ARE CARRIED FORWARD FOR A PERIOD OF TIME, AS DEFINED BY THE IRS, AND THEN EXPIRE IF UNUSED. LOSSES CARRIED FORWARD SHOULD BE COMPUTED AS ASSETS USING THE APPLICABLE TAX RATE AND REPORTED ON THE CONSOLIDATING STATEMENTS OF FINANCIAL POSITION, SUBJECT TO VALUATION ALLOWANCE. IN THE CASE OF THE CORPORATIONS, IT IS MORE LIKELY THAN NOT THAT THE RESPECTIVE ASSET WILL NEVER BE REALIZED AS THE POSSIBILITY OF NET INCOME OR GAIN IS UNLIKELY. THEREFORE, NO ASSET HAS BEEN RECOGNIZED IN THIS FINANCIAL REPORT, AS THE VALUATION ALLOWANCE WOULD EQUAL 100% OF THE ASSET VALUE. MANAGEMENT HAS DETERMINED THAT THE COMPANY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE COMPANY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY FEDERAL, STATE OR LOCAL TAX AUTHORITIES IN THE UNITED STATES FOR YEARS BEFORE 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADJUST.-CONSOLID. FINANCIAL STATEMENTS 2,182,198. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADJUST.-CONSOLID. FINANCIAL STATEMENTS 4,078,809. DEPRECIATION PER BOOKS 4,498. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION PER FED 990 TAX RETURN 9,570. X ANNUAL BENEFIT 246702 246702 32164 246702 246702 32164 32164 214538 FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE BOARD OF DIRECTORS HOLD AN ANNUAL MEETING IN WHICH THE OUTSIDE AUDITORS CONDUCT A PRESENTATION AND EXPLANATION OF THE CERTIFIED AUDITED FINANCIAL STATEMENTS, AS WELL AS A DISCUSSION OF INTERNAL CONTROLS. AFTER THE AUDIT IS ACCEPTED BY THE BOARD, MANAGEMENT AND THE AUDITORS PREPARE THE FORM 990. A COPY OF THE FORM IS SENT TO EACH BOARD MEMBER BY EMAIL BEFORE IT IS FILED, AND THEY HAVE THE OPPORTUNITY TO COMMENT WITHIN A SPECIFIED TIME FRAME. FORM 990, PART VI, SECTION B, LINE 12C NEW DESTINY HOUSING CORPORATION (NEW DESTINY) AND ALL PERSONS EITHER ELECTED OR APPOINTED TO A NEW DESTINY OFFICE (INCLUDING, BUT NOT LIMITED TO, ANY BOARD OFFICERS, DIRECTORS AND COMMITTEE MEMBERS) SHALL CONSCIENTIOUSLY AVOID ANY SITUATIONS AND ACTIVITIES WHERE THEIR PERSONAL INTERESTS COULD CONFLICT, OR APPEAR TO CONFLICT, WITH THE INTERESTS OF NEW DESTINY. A CONFLICT OF INTEREST IS ANY OPPORTUNITY FOR PERSONAL GAIN IN DEALING WITH OR ON BEHALF OF NEW DESTINY APART FROM NOMINAL REIMBURSEMENT OF EXPENSES ACCORDING TO NEW DESTINY POLICY. IN THE EVENT THAT ANY OFFICER, DIRECTOR OR COMMITTEE MEMBER OF NEW DESTINY SHALL HAVE ANY DIRECT OR INDIRECT INTEREST IN, OR RELATIONSHIP WITH, ANY INDIVIDUAL OR ORGANIZATION WHICH PROPOSES TO WORK WITH, OR TRANSACT ANY BUSINESS WITH NEW DESTINY, SUCH PERSON SHALL GIVE NOTICE OF SUCH INTEREST OR RELATIONSHIP TO THE BOARD AND SHALL THEREAFTER REFRAIN FROM DISCUSSING OR VOTING ON THE PARTICULAR TRANSACTION IN WHICH SHE OR HE HAS AN INTEREST, OR OTHERWISE ATTEMPTING TO EXERT ANY INFLUENCE ON NEW DESTINY TO AFFECT A DECISION WHETHER TO PARTICIPATE IN SUCH TRANSACTION. THE CONFLICT OF INTEREST POLICY (POLICY) AS ENUMERATED HEREIN APPLIES TO ANY BOARD OFFICER, DIRECTOR OR COMMITTEE MEMBER OF NEW DESTINY AS WELL AS ANY IMMEDIATE FAMILY MEMBER THEREOF. NEW DESTINY WILL DISCLOSE THE POLICY TO CANDIDATES FOR THE BOARD AND WILL OBTAIN RE-AFFIRMATION OF THE POLICY FROM EXISTING MEMBERS OF THE BOARD OR COMMITTEES ANNUALLY. FAILURE TO COMPLY WITH THE POLICY MAY BE GROUNDS FOR REMOVAL FROM THE BOARD AND/OR COMMITTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL EXECUTIVE COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS WILL BE MADE AVAILABLE UPON REQUEST.ALSO, THE ORGANIZATION TIMELY FILES ITS ANNUAL REPORT (NYS CHAR 500) WITH THE NEW YORK STATE ATTORNEY GENERAL'S (NYSOAG) OFFICE. THE NYSOAG POSTS THE ANNUAL REPORT TOGETHER WITH THE ORGANIZATION'S FEDERAL FORM 990 AND ITS AUDITED FINANCIAL STATEMENTS ON THE CHARITIES BUREAU WEBSITE. FORM 990, PART XI, LINE 9: DEPRECIATION PER BOOKS -4,499. DEPRECIATION PER TAX RETURN 9,570. CITYWIDE SUPPORTIVE HDFC 12 W 37TH ST 7TH FL NEW YORK NY 10018 050535640 LOW INC. HOUSING NY 501(C)(3) 9-SCHEDULE A NEW DESTINY 1 CITYWIDE SUPPORTIVE HOUSING INC 12 W 37TH ST 7TH FL NEW YORK NY 10018 133875562 LOW INC. HOUSING NY 501(C)(3) 9-SCHEDULE A NEW DESTINY 1 902 JENNINGS STREET HDFC 12 W 37TH ST 7TH FL NEW YORK NY 10018 474159659 LOW INC. HOUSING NY 501(C)(4) N/A NEW DESTINY 1 ANDREWS AVENUE ASSOCIATES LP 12 W 37TH ST 7TH FL NEW YORK NY 10018 753221119 REAL ESTATE NY N/A 1070 ANDERSON AVENUE LIMITED PARTNERSHIP 12 W 37TH ST 7TH FL NEW YORK NY 10018 271908397 REAL ESTATE NY N/A 291 BAINBRIDGE LIMITED PARTNERSHIP 12 W 37TH ST 7TH FL NEW YORK NY 10018 453688745 REAL ESTATE NY N/A 2017 MORRIS AVENUE OWNER LLC 12 W 37TH ST 7TH FL NEW YORK NY 10018 464261444 REAL ESTATE NY N/A BRIDGE COMMUNITY ASSOCIATES LLC 12 W 37TH ST 7TH FL NEW YORK NY 10018 352542583 REAL ESTATE NY N/A 902 JENNINGS STREET OWNER LLC 12 W 37TH ST 7TH FL NEW YORK NY 10018 820874822 REAL ESTATE NY N/A 1070 ANDERSON HOUSING DEV FUND CORP 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 611559082 REAL ESTATE NY N/A 0 CITYWIDE ANDREWS ASSOCIATES INC 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 753221117 REAL ESTATE NY N/A 0 1070 ANDERSON AVENUE GP CORP 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 271905248 REAL ESTATE NY N/A C 0 291BAINBRIDGE GP CORP 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 453688626 REAL ESTATE NY N/A C 0 291 BAINBRIDGE HDFC 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 454670737 REAL ESTATE NY N/A C 0 2017 MORRIS AVENUE CORP 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 464327045 REAL ESTATE NY N/A C 0 2017 MORRIS HDFC 12 WEST 37TH STREET 7TH FL NEW YORK NY 10018 464250550 REAL ESTATE NY N/A C 0 BRIDGE COMMUNITY ASSOCIATES MM INC 12 WEST 37TH STREET 7TH FLOOR NEW YORK NY 10018 813591576 REAL ESTATE NY N/A 0 902 JENNINGS STREET MM INC 12 WEST 37TH STREET 7TH FLOOR NEW YORK NY 10018 384029033 REAL ESTATE NY N/A 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 CITYWIDE SUPPORTIVE HOUSING INC L 200000 FMV CITYWIDE SUPPORTIVE HOUSING INC L 40000 FMV ANDREWS AVE ASSOCIATES LP L 26096 FMV 1070 ANDERSON AVENUE LP L 12000 FMV 291 BAINBRIDGE LP L 19300 FMV 2017 MORRIS AVE OWNER LLC L 15000 FMV 2017 MORRIS AVE CORP L 95113 FMV 902 JENNINGS STREER OWNER LLC L 321845 FMV 2017 MORRIS AVE OWNER LLC E 2429 FMV 902 JENNINGS STREER OWNER LLC E 83130 FMV CITYWIDE SUPPORTIVE HOUSING DEVELOPMENT FUND CORPORATION D 1750 FMV 1070 ANDERSON AVENUE LP D 697 FMV ANDREWS AVE ASSOCIATES LP D 5506 FMV CITYWIDE SUPPORTIVE HOUSING DEVELOPMENT FUND CORPORATION D 1641 FMV BRIDGE COMMUNITY ASSOCIATES LLC D 27071 FMV CITYWIDE SUPPORTIVE HOUSING DEVELOPMENT FUND CORPORATION D 83000 FMV CITYWIDE SUPPORTIVE HOUSING DEVELOPMENT FUND CORPORATION Q 36442 FMV CITYWIDE SUPPORTIVE HOUSING DEVELOPMENT FUND CORPORATION E 16765 FMV CITYWIDE SUPPORTIVE HOUSING DEVELOPMENT FUND CORPORATION D 28427 FMV