2012-05-15T13:55:30-04:00 2011-06-30 BDO USA LLP 100 PARK AVENUE NEW YORK NY 10017 990 2010-07-01 132602882 PROJECT RENEWAL INC PROJ 2126200340 200 VARICK STREET 9TH FLOOR NEW YORK NY 10014 STEVEN JONES 2012-05-14 true Paul Hammerschmidt 2128858000 2010 2016-02-24 21:20:13Z Mitchell Netburn 200 VARICK STREET 9TH FLOOR NEW YORK NY 10014 44783635 false X WWW.PROJECTRENEWAL.ORG X 1967 NY SERVICES TO HOMELESS AND FORMERLY HOMELESS PEOPLE SUFFERING FROM MENTAL ILLNESS, ALCOHOLISM AND SUBSTANCE ABUSE. 24 24 856 0 0 0 34112712 33779399 9855386 10635649 2846 3839 936602 270041 44907546 44688928 0 0 0 0 27600255 28694692 45000 45000 538489 16819810 15465861 44465065 44205553 442481 483375 38050118 37065625 36173442 34698116 1876676 2367509 X THE ORGANIZATION OPERATES FACILITIES IN THE CITY OF NEW YORK THAT OFFER A VARIETY OF SERVICES IN ACCESSIBLE SETTINGS TO HOMELESS AND FORMERLY HOMELESS PEOPLE SUFFERING FROM MENTAL ILLNESS, ALCOHOLISM, AND SUBSTANCE ABUSE. false false 24404576 2809031 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FLOOR NEW YORK NY 10014 X NEIL S MITCHELL 0.8 X X 0 0 0 MICHAEL FIELD THRU 10282010 0.8 X X 0 0 0 RUSSELL S BERMAN ESQ 0.8 X X 0 0 0 SUSAN AKSELRAD FROM 552011 0.8 X 0 0 0 PAMELA BELL FROM 552011 0.8 X 0 0 0 ALAN BELZER 0.8 X 0 0 0 SUZANNE HENRY BOIES 0.8 X 0 0 0 COLLEEN CAVANAUGH 0.8 X 0 0 0 JAMES S DAVIDSON 0.8 X 0 0 0 ANTHONY S KENDALL 0.8 X 0 0 0 DAVID J KOEPPEL 0.8 X 0 0 0 HON RICHARD B LOWE III 0.8 X 0 0 0 MARK H MINTER 0.8 X 0 0 0 EARL MONROE 0.8 X 0 0 0 NAN PERELL 0.8 X 0 0 0 CHARLES POL 0.8 X 0 0 0 GEOFFREY PROULX 0.8 X 0 0 0 MARY LYNN PUTNEY 0.8 X 0 0 0 JULES M RANZ MD 0.8 X 0 0 0 PAUL H RICH THRU 612011 0.8 X 0 0 0 CLAUDIA ROSEN 0.8 X 0 0 0 CARL ROSOFF 0.8 X 0 0 0 LAURA J ROTHSCHILD 0.8 X 0 0 0 MARC L SILVERMAN ESQ THRU 1010 0.8 X 0 0 0 JAMES W STEVENS 0.8 X 0 0 0 CAVERLY STRINGER 0.8 X 0 0 0 ANTONIO TEDESCO THRU 10282010 0.8 X 0 0 0 ASHLEY VENETOS FROM 552011 0.8 X 0 0 0 MITCHELL NETBURN FROM 822010 41.0 X 97517 0 1771 EDWARD I GEFFNER THRU 7302010 41.0 X 642000 0 6342 STEVEN JONES 44.0 X 170347 0 5448 SUSAN E CANTER ESQ 37.0 X 115724 0 3303 ROSLYNN S GLICKMAN 37.0 X 207362 0 15018 MARK A HURWITZ 38.0 X 159322 0 15018 SUSAN DAN 39.0 X 157296 0 10857 NATHANIEL BROWNLOW 36.0 X 152308 0 5448 STEPHANIE COWLES 37.0 X 149611 0 10857 LJILJANA RADULOVIC 35.0 X 133149 0 5448 MINZALIA ZOUBTSOVA 35.0 X 128294 0 5448 ILIAS ALMAKAEV 36.0 X 124979 0 15018 2237909 0 99976 19 false true false PARTNERS INTERNATIONAL PO BOX 759024 BALTIMORE MD 21275 IT CONSULTING 302491 BDO USA LLP 100 PARK AVENUE NEW YORK NY 10017 AUDIT & TAX SERVICES 157078 2 709192 31891153 1179054 33779399 MEDICAID PAYMENTS 624200 4850510 4850510 FEES & CONTRACTS FROM GOV'T AGENCIES 624200 4278897 4278897 RENTAL INCOME 624200 1475848 1475848 MEDICARE PAYMENTS 624200 30394 30394 10635649 3994 3994 0 0 182385 182385 182385 182385 10324 10479 -155 -155 -155 89510 709192 84228 5282 5282 0 0 MANAGEMENT FEE FROM AFFILIATE 900099 25550 25550 MISCELLANEOUS 900099 56824 56824 82374 44688928 10635649 273880 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SUBORDINATE TO AN ENFORCEMENT LIEN MORTGAGE HELD BY THE CITY OF NEW YORK. THE PROPERTY WAS SUBSEQUENTLY TRANSFERRED TO MRG PARTNERS, L.P., WHICH ASSUMED THE MORTGAGE. MRG PARTNERS, L.P. WAS FORMED FOR THE PURPOSE OF ACQUIRING, REHABILITATING AND OPERATING THE HOLLAND HOUSE, A LOW-INCOME RENTAL HOUSING PROJECT. THE GENERAL PARTNER IS STARTING HOME, INC., A FOR-PROFIT CORPORATION CONTROLLED BY HOLLAND HOTEL HOUSING DEVELOPMENT FUND CORPORATION, A RELATED 501(C)(3) ORGANIZATION. AS OF JUNE 30, 2011, THE ORGANIZATION RECEIVED $8,177,817 FROM MRG PARTNERS, L.P., WHICH INCLUDES INTEREST RECEIVED ON THE PURCHASE MONEY MORTGAGE. IN ADDITION, THE ORGANIZATION IS ENTITLED TO AN ESCROW ACCOUNT WITH A BALANCE OF $758,836 AT JUNE 30, 2011. THIS ESCROW ACCOUNT IS HELD BY NEW YORK CITY HOUSING DEVELOPMENT CORPORATION. ACCORDING TO THE TERMS OF THE AGREEMENT, THESE FUNDS ARE HELD IN CUSTODY BY THE ORGANIZATION ON BEHALF OF MRG PARTNERS, L.P. THE FUNDS MAY ONLY BE USED FOR SPECIFIC PURPOSES AS STATED IN THE AGREEMENT. PART X, LINE 2: Project Renewal, Inc. adopted the provisions of Accounting Standards Codification ("ASC") 740, "Income Taxes". Under ASC 740, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not the position will be sustained upon examination by a taxing authority. The implementation of ASC 740 had no impact on the organization's financial statements. The organization does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, The organization has filed IRS Form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended June 30, 2011, there was no interest or penalties recorded or included in the statement of activities. X X X X X X X true TRIPI CONSULTING LLC DIRECT MAIL false 106681 45000 61681 106681 45000 61681 CT NJ NY GALA 763847 706232 57615 65947 JUNIOR EVENT 34855 2960 31895 18281 0 798702 709192 89510 84228 84228 5282 X X false false false false false false false false true false EDWARD I GEFFNER THRU 7302010 148955 0 0 0 493045 0 0 0 6342 0 648342 0 STEVEN JONES 170347 0 0 0 0 0 0 0 5448 0 175795 0 ROSLYNN S GLICKMAN 207362 0 0 0 0 0 0 0 15018 0 222380 0 MARK A HURWITZ 159322 0 0 0 0 0 0 0 15018 0 174340 0 SUSAN DAN 157296 0 0 0 0 0 0 0 10857 0 168153 0 NATHANIEL BROWNLOW 152308 0 0 0 0 0 0 0 5448 0 157756 0 STEPHANIE COWLES 149611 0 0 0 0 0 0 0 10857 0 160468 0 PART I, LINE 8: COMPENSATION AMOUNTS PAID TO MITCHELL NETBURN, PRESIDENT & CEO, ARE PURSUANT TO A CONTRACT THAT WAS SUBJECT TO THE INITIAL CONTRACT EXCEPTION. HIS CONTRACT COMMENCED ON AUGUST 2, 2010 FOR A TERM OF ONE YEAR. PART II, LINE 1, COLUMN (B)(III): OTHER REPORTABLE COMPENSATION PAID TO EDWARD I. GEFFNER, PRESIDENT & CEO, WAS A PAYMENT MADE TO HIM AS A CONDITION OF HIS CONTRACT, APPROVED BY THE BOARD OF TRUSTEES, TO BE AWARDED TO HIM AT THE END OF HIS EMPLOYMENT IN RECOGNITION OF HIS 38 YEARS OF SERVICE. FORM 990, PART III, LINE 4D: 1) EMPLOYMENT SERVICES - EDUCATION AND VOCATIONAL ASSESSMENT TRAINING, JOB PLACEMENT RETENTION SERVICES. EXPENSES: $4,317,636. REVENUE: $3,280,184. 2) OUTREACH - PSYCHIATRIC, MEDICAL AND SOCIAL SERVICES BROUGHT TO HOMELESS, MENTALLY ILL, SUBSTANCE ABUSERS AND DUALLY DIAGNOSED PEOPLE IN SHELTERS, DROP-IN CENTERS AND ON THE STREETS. EXPENSES: $407,130. FORM 990, PART VI, SECTION B, LINE 11B: Form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's finance department. Draft Form 990 was reviewed by the organization's CFO and Controller and then presented to the finance committee for review and approval. It was then provided to all members of the Board of Directors in draft via electronic mail with an opportunity for them to comment or make inquiry before it was filed with the Internal Revenue Service. FORM 990, PART VI, SECTION B, LINE 12C: BOARD MEMBERS SIGN CONFLICT OF INTEREST POLICY STATEMENTS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A: THE COMPENSATION COMMITTEE INDEPENDENTLY REVIEWED THE CEO'S SALARY USING COMPARABLE DATA OF OTHER SIMILAR NON-PROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 15B: THE ORGANIZATION USES COMPARABLE DATA OF OTHER NON-PROFIT ORGANIZATIONS TO DETERMINE THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:NEIL S. MITCHELL TITLE:CHAIRPERSON HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:COLLEEN CAVANAUGH TITLE:TRUSTEE HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:EARL MONROE TITLE:TRUSTEE HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:MARY LYNN PUTNEY TITLE:TRUSTEE HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JULES M. RANZ, M.D. TITLE:TRUSTEE HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:MARC L. SILVERMAN, ESQ (THRU 10/10) TITLE:TRUSTEE HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JAMES W. STEVENS TITLE:TRUSTEE HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:MITCHELL NETBURN (FROM 8/2/2010) TITLE:PRESIDENT & CEO HOURS:3 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:EDWARD I. GEFFNER (THRU 7/30/2010) TITLE:PRESIDENT & CEO HOURS:3 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:STEVEN JONES TITLE:CFO HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:SUSAN E. CANTER, ESQ. TITLE:SECRETARY HOURS:1 MANHATTAN BOWERY MANAGEMENT CORP 200 VARICK STREET NEW YORK NY 10014 133033875 SUPPORT ORG. NY 501(C)(3) 11 false HOLLAND HOTEL HOUSING DEVE FUND CORP 200 VARICK STREET NEW YORK NY 10014 133712838 AFFORD. HOUS. NY 501(C)(3) 7 false NORTH STAR HOUSING INC 200 VARICK STREET NEW YORK NY 10014 133750682 AFFORD. HOUS. NY 501(C)(3) 9 false PROJECT RENEWAL FUND INC 200 VARICK STREET NEW YORK NY 10014 134163968 SRVC PROVIDER NY 501(C)(3) 7 false PRI HEALTHCARE INC 200 VARICK STREET NEW YORK NY 10014 134143621 TREATMENT CTR NY 501(C)(3) 7 false 141 NICHOLAS HOUSING DEVE FUND CORP 200 VARICK STREET NEW YORK NY 10014 134152553 AFFORD. HOUS. NY 501(C)(3) 7 false PRI HDFC 200 VARICK STREET NEW YORK NY 10014 263550553 AFFORD. HOUS. 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