2026-04-21T20:36:35-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-07-01 135562230 GRAND STREET SETTLEMENT INC GRAN 2126741740 80 PITT STREET NEW YORK NY 10002 ROBERT CORDERO CHIEF EXECUTIVE OFFICER 2126741740 2026-04-21 1 1 MELISSA MODELSON P01603524 9143818900 2026-04-21 2024 2025-03-06 01:10:19Z ROBERT CORDERO 80 PITT STREET NEW YORK NY 10002 57886541 0 X WWW.GRANDSETTLEMENT.ORG X 1916 NY SEE SCHEDULE O 23 23 768 325 0 0 42866637 56187944 11724 16370 184770 290631 -305289 -142148 42757842 56352797 215553 157561 0 0 26655058 30065532 0 0 1304132 15980112 22978171 42850723 53201264 -92881 3151533 43309328 60947276 15073825 29129703 28235503 31817573 X SEE SCHEDULE OGRAND STREET SETTLEMENT EXPANDS OPPORTUNITIES FOR LOW-INCOME FAMILIES AND INDIVIDUALS BY PROVIDING CULTURALLY RELEVANT SERVICES THAT SUPPORT COMMUNITY BUILDING, ADVOCACY, SELF-DETERMINATION AND AN ENRICHED QUALITY OF LIFE. SINCE ITS FOUNDING IN 1916, GRAND ST. SETTLEMENT HAS OFFERED A CONTINUUM OF INNOVATIVE PROGRAMS RANGING FROM EARLY CHILDHOOD AND YOUTH DEVELOPMENT TO COMMUNITY SUPPORT FOR ADULTS AND SENIORS. 0 0 28530822 0 0 EARLY CHILDHOOD PROGRAMS:THE EARLY CHILDHOOD DEPARTMENT SERVED OVER 1,000 CHILDREN AND THEIR FAMILIES AT OUR CHILD AND FAMILY CENTERS AND PARTNERSHIP SITES. WHILE CHILDREN GAIN VITAL EARLY EDUCATION THAT BUILDS A FOUNDATION OF LEARNING, PARENTS AND FAMILY MEMBERS ACHIEVE FAMILY GOALS THROUGH JOB TRAINING, PARENTING SUPPORT AND LEGAL ASSISTANCE. 12456709 157561 16370 YOUTH AND COMMUNITY DEVELOPMENT SERVICES:GRAND STREET'S YOUTH PROGRAMS SERVE AS OUR LONGEST RUNNING AND BROADEST DEPARTMENT OF SUPPORT. SERVING OVER 6,000 SCHOOL AGED CHILDREN, OUR YOUTH PROGRAMS KEEP YOUNG PEOPLE SAFE AND ENGAGED IN ACTIVITIES THAT ALLOW THEM TO EXPLORE THEIR PASSIONS. ALL OF OUR YOUTH PROGRAMS ARE ROOTED IN SCIENCE, TECHNOLOGY, ENGINEERING, ART, AND MATH, AND STATE-OF-THE-ART MAKER SPACES FUNDED BY BEST BUY AND THE CLUBHOUSE NETWORK HAVE LAUNCHED YOUTH INTO COLLEGE PROGRAMS TO CONTINUE THEIR TECHNOLOGY-RELATED CAREERS. 2144658 0 0 OLDER ADULT PROGRAMS:OLDER ADULT PROGRAMS AT GRAND STREET SETTLEMENT ARE THE VIBRANT LIFE OF OUR PROGRAMS. EVERY DAY OVER 150 PARTICIPANTS ARRIVE FOR A HOT LUNCH AND SPEND TIME IN ACTIVITIES AND SERVICES THAT PROMOTE HEALTH, WELLNESS, AND COMMUNITY. IN FY25, THE GRAND COALITION OF SENIORS SERVED NEARLY 3,000 SENIORS ON THE LOWER EAST SIDE BETWEEN OUR OLDER ADULTS CENTER AT ESSEX CROSSING COMMUNITY CENTER, THE NATURALLY OCCURRING RETIREMENT COMMUNITY IN THE BARUCH HOUSES, AND OUR SENIOR HOUSING FACILITY ON EAST 6TH STREET. 246302 0 0 FAMILIES/BENEFIT ASSISTANCE:GRAND STREET'S WRAP-AROUND SERVICES MAKE SURE THAT WE SUPPORT PARTICIPANTS HOLISTICALLY. THE BENEFITS ASSISTANCE PROGRAM SCREENED 1,651 FAMILIES FOR AVAILABLE GOVERNMENT BENEFITS LIKE SNAP OR HOUSING VOUCHERS WITH 355 FAMILIES RECEIVING FREE TAX PREPARATION SERVICES. FOOD PANTRY:FOOD INSECURITY IS A GROWING ISSUE THROUGHOUT NEW YORK CITY AND ESPECIALLY FOR OLDER ADULTS. THIS YEAR, GRAND STREET DISTRIBUTED OVER 17,000 PACKAGES OF FOOD AT OUR WEEKLY FOOD PANTRY TO FIGHT FOOD SCARCITY IN OUR COMMUNITY. 246302 0 0 43378491 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 249 0 768 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X NAIMA CHISOLM 2126741740 80 PITT STREET NEW YORK NY 10002 RALPH W ROSE CHAIR 10.00 0.00 X X 0 0 0 BRYAN KOPLIN PRESIDENT 2.00 0.10 X X 0 0 0 ALBERTO JIMENEZ SECRETARY 2.00 0.10 X X 0 0 0 DAVID M LEE TREASURER 2.00 0.00 X X 0 0 0 ALAN JAY BRAZIL DIRECTOR 1.00 0.00 X 0 0 0 BRETT DEARING DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN DEDYO DIRECTOR 1.00 0.00 X 0 0 0 ALEXANDER GARDNER DIRECTOR 1.00 0.00 X 0 0 0 SCOTT GEWIRTZ DIRECTOR 1.00 0.00 X 0 0 0 TRACIE F GOLDING-GERSON DIRECTOR 1.00 0.00 X 0 0 0 BRIAN GOMEZ DIRECTOR 1.00 0.10 X 0 0 0 TAMEKA GREEN DIRECTOR 1.00 0.00 X 0 0 0 JAMAL HALEPOTA DIRECTOR 1.00 0.00 X 0 0 0 DAN HEASMAN DIRECTOR 1.00 0.00 X 0 0 0 TAMARA HUBINSKY DIRECTOR 1.00 0.00 X 0 0 0 JOYCE LEE DIRECTOR 1.00 0.00 X 0 0 0 KENNETH W LIEBMAN DIRECTOR (THRU OCT. 2024) 1.00 0.00 X 0 0 0 DANIRL MARTE DIRECTOR 1.00 0.10 X 0 0 0 SYLVIA M MONTERO DIRECTOR 2.00 0.00 X 0 0 0 SUMYA OJAKLI DIRECTOR 1.00 0.00 X 0 0 0 TENILLE PHAM SKELTON DIRECTOR (THRU OCT. 2024) 1.00 0.00 X 0 0 0 VICTOR RASUK DIRECTOR (THRU JUNE 2025) 1.00 0.00 X 0 0 0 JENNA SHEN DIRECTOR 1.00 0.00 X 0 0 0 NICHOLAS STEIN DIRECTOR 1.00 0.00 X 0 0 0 MARIO TUFANO DIRECTOR 1.00 0.00 X 0 0 0 TINT TINT YAP DIRECTOR 1.00 0.00 X 0 0 0 ROBERT CORDERO CHIEF EXECUTIVE OFFICER 35.00 0.10 X 365049 0 81804 WILLING CHIN CHIEF OPERATING OFFICER 35.00 0.10 X 281983 0 70350 BINDU BALAN CHIEF DEVELOPMENT AND COMMUNICATIONS OFFICER 35.00 0.00 X 185147 0 13591 THANH H BUI CHIEF PROGRAM OFFICER, YOUTH 35.00 0.00 X 201337 0 62804 MARIA C DEJESUS CHIEF TALENT OFFICER 35.00 0.00 X 210457 0 38181 INES E DE LA NUEZ DIRECTOR OF OLDER ADULT CENTER 35.00 0.00 X 118132 0 45661 ROSALIE MORAN SENIOR EARLY CHILDHOOD DIRECTOR 35.00 0.00 X 154989 0 47639 KRISTEN GREENE DEPUTY DIRECTOR OF BROOKLYN PROGRAMS 35.00 0.00 X 115825 0 20659 MAURICE T RAWLS DEPUTY DIRECTOR OF MANHATTAN PROGRAMS 35.00 0.00 X 120673 0 45787 LAUREN SANTORSO DIR. OF EVALUATIONS AND COMP 35.00 0.00 X 118634 0 45685 1872226 0 472161 18 0 1 0 BTQ FINANCIAL A DIVISION OF CONSERO GLOB PO BOX 22528 NEW YORK NY 100872528 INTENTIONAL MODEL FOR FINANCE AND SPECIA 954903 FAIRDINKUM CONSULTING LLC 15 EAST 32ND STREET NEW YORK NY 10016 INFO TECH SERVICES 746207 CONSTRUCTOMICS LLC 40 BROAD STREET 4TH FLOOR NEW YORK NY 10004 CONSTRUCTION SERVICES 638478 KREATIVE KARE DAY CARE CENTER INC 292 PALMETTO STREET BROOKLYN NY 11237 DAY CARE SERVICES 287723 TRADITIONAL EDUCATIONAL CENTER INC 1469 BROADWAY BROOKLYN NY 11221 DAY CARE SERVICES 245134 19 482221 372737 52770344 2562642 2024415 56187944 PARTICIPANTS INCOME 624100 8590 8590 PARENT FEES 624100 7780 7780 16370 147211 147211 36800 36800 0 1290501 1147081 143420 143420 143420 89900 372737 349863 -259963 -259963 21320 0 21320 21320 REFUNDS 900099 64611 64611 MISCELLANEOUS INCOME 900099 31884 31884 96495 56352797 16370 0 148483 X 3804 3804 153757 153757 1533697 1388197 101431 44069 22054201 19918662 1488353 647186 563279 509842 37252 16185 4061951 3678477 267326 116148 1852404 1676669 122508 53227 17455 17455 1175625 1175625 152591 152591 50702 50702 6946659 6226723 576734 143202 4104176 3679186 260305 164685 953648 324688 558516 70444 2102978 1885020 217141 817 144339 114828 24906 4605 487439 405900 63968 17571 241744 241744 1793549 1793549 797886 18399 779487 FOOD 1337212 1293425 42293 1494 PARENT AND PARTICIPANT 835027 795030 33230 6767 REPAIRS AND MAINTENANCE 633255 609046 23046 1163 BAD DEBT EXPENSE 381416 381416 822470 544247 261654 16569 53201264 43378491 8518641 1304132 X 366220 717865 7228 7228 11397077 8149755 212358 427579 27738557 5145154 18019439 22593403 5960807 6640176 7346199 22411270 43309328 60947276 4530963 3485986 206172 56686 1919882 1492666 205366 1154982 8211442 22939383 15073825 29129703 X 23814111 25213750 4421392 6603823 28235503 31817573 43309328 60947276 3151533 430537 0 X X 0 1 X 1 1 1 X 31387971 41608992 43566058 42830337 56187944 215581302 2537074 2152079 2106752 3107880 4248119 14151904 33925045 43761071 45672810 45938217 60436063 229733206 229733206 119855 141043 129312 143045 184011 717266 58024 206679 75819 30384 96495 467401 230917873 60277 0.99490 0.99470 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 29,202. 2021 AMOUNT: $ 111,006. 2022 AMOUNT: $ 19,422. 2023 AMOUNT: $ 29,416. 2024 AMOUNT: $ 31,884. REFUNDS - 2020 AMOUNT: $ 28,822. 2021 AMOUNT: $ 15,673. 2022 AMOUNT: $ 56,397. 2023 AMOUNT: $ 968. 2024 AMOUNT: $ 64,611. LOAN FORGIVENESS - 2021 AMOUNT: $ 80,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 152591 152591 0 PART II-B, LINE 1: THE ORGANIZATION CONTRACTED WITH TWO LOBBYISTS FOR ASSISTANCE WITH SECURING FUNDING AND RESOLVING CONTRACTING ISSUES RELATED TO CITY AND STATE CAPITAL GRANTS AND RESOLVING ISSUES RELATED TO CITY CAPITAL BUDGET FUNDING. 3367459 389235 289463 3467231 3437292 93173 163006 3367459 3559662 69143 191513 3437292 3868160 -121088 187410 3559662 3625998 377342 135180 3868160 0.00000 0.99810 0.00190 0 0 2150573 217196 1933377 16976251 1259930 15716321 6347822 3668028 2679794 2263911 2263911 22593403 RIGHT OF USE OPERATING LEASE ASSET 21449102 RIGHT OF USE FINANCE LEASE ASSET 532359 SECURITY DEPOSITS 429809 22411270 RIGHT OF USE OPERATING LEASE LIABILITY 21864892 ADVANCES FROM GOVERNMENT AGENCIES 527886 RIGHT OF USE FINANCE LEASE LIABILITY 546605 22939383 X 64782019 430537 8012587 36800 8479924 56302095 50702 50702 56352797 61199949 8012587 36800 8049387 53150562 50702 50702 53201264 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS CONSIST OF DONOR CONTRIBUTIONS RESTRICTED TO ENDOWMENT WHOSE PRINCIPAL MUST REMAIN INTACT IN PERPETUITY. INCOME EARNED MAY BE USED FOR GENERAL PURPOSES. PART X, LINE 2: GRAND STREET RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT GRAND STREET HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. GRAND STREET IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 36,800. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 36,800. TASTE OF THE LOWER EAST SIDE 378319 320619 57700 0 49473 2700 750 252291 GOLF CLASSIC 84318 52118 32200 2935 40964 0 750 0 462637 372737 89900 2935 90437 2700 1500 252291 349863 -259963 21320 1 1.00000 21320 21320 NY 0 THE ORGANIZATION IS NOT REQUIRED TO OBTAIN A LICENSE IN NYS AS THE NET PROCEEDS FROM THE RAFFLE IS BELOW THE LICENSE REGISTRATION REQUIREMENT. 0 0 0 1.00000 0.00000 HAZEL CHICO 80 PITT STREET NEW YORK NY 10002 0 HAZEL CHICO 2061 EVENT AND CAMPAIGN MANAGER X 0 1 STIPENDS FOR PARTICIPANTS/VOLUNTEERS 212 153757 PART I, LINE 2: THE ORGANIZATION AWARDS STIPENDS TO INDIVIDUALS WHO SPEND TIME ON GSS PROJECTS AS WELL AS STUDENTS WHO ATTEND THE ACTIVITIES OFFERED BY THE ORGANIZATION. THE STUDENTS ARE AWARDED STIPENDS AS AN INCENTIVE TO ATTEND SCHOOL, AND ACHIEVE HIGH GRADES. X X X 0 0 0 0 0 0 0 0 0 ROBERT CORDERO CHIEF EXECUTIVE OFFICER 365049 0 0 0 0 0 33130 0 48674 0 446853 0 0 0 WILLING CHIN CHIEF OPERATING OFFICER 281983 0 0 0 0 0 25748 0 44602 0 352333 0 0 0 THANH H BUI CHIEF PROGRAM OFFICER, YOUTH 201337 0 0 0 0 0 18396 0 44408 0 264141 0 0 0 MARIA C DEJESUS CHIEF TALENT OFFICER 210457 0 0 0 0 0 19273 0 18908 0 248638 0 0 0 ROSALIE MORAN SENIOR EARLY CHILDHOOD DIRECTOR 154989 0 0 0 0 0 7892 0 39747 0 202628 0 0 0 BINDU BALAN CHIEF DEVELOPMENT AND COMMUNICATIONS 185147 0 0 0 0 0 0 0 13591 0 198738 0 0 0 MAURICE T RAWLS DEPUTY DIRECTOR OF MANHATTAN PROGRAM 120673 0 0 0 0 0 6117 0 39670 0 166460 0 0 0 LAUREN SANTORSO DIR. OF EVALUATIONS AND COMP 118634 0 0 0 0 0 6015 0 39670 0 164319 0 0 0 INES E DE LA NUEZ DIRECTOR OF OLDER ADULT CENTER 118132 0 0 0 0 0 5991 0 39670 0 163793 0 0 0 X 2 24415 AVG. SELLING PRICE X 1 2000000 APPRAISAL 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF THE CONTRIBUTORS IN COLUMN (B). FORM 990, PART I, LINE 1: IN GRAND STREET SETTLEMENT'S 108TH YEAR OF OPERATION, WE CONTINUED THE LEGACY STARTED BY OUR FOUNDER, ROSE GRUENING, IN 1916. GRAND STREET PROVIDES AN INTERGENERATIONAL MODEL OF HIGH-QUALITY CHILD CARE, AFTERSCHOOL AND SUMMER CAMP, OLDER ADULT PROGRAMMING, AND WRAP-AROUND SERVICES TO SUPPORT FAMILIES. FY2025 (JULY 1, 2024 - JUNE 30, 2025) DEEPENED OUR IMPACT THROUGHOUT THE LOWER EAST SIDE OF MANHATTAN AND BROOKLYN AND SET A FOUNDATION FOR A COMING EXPANSION OF FEDERAL HEAD START PROGRAMS IN THE BRONX. ACROSS 39 LOCATIONS SERVING OVER 17,500 COMMUNITY MEMBERS, OUR FAMILIES HAVE ACCESS TO A WEALTH OF PROGRAMS AND SERVICES INCLUDING HIGH-QUALITY CHILD CARE, HANDS-ON AFTERSCHOOL AND SUMMER PROGRAMS ROOTED IN STEAM, AND A VIBRANT AND SUPPORTIVE COMMUNITY FOR LOCAL SENIORS, ALL TIED TOGETHER WITH WRAP-AROUND SAFETY NET SUPPORT. FORM 990, PART III, ORGANIZATIONAL ACCOMPLISHMENTS: STRATEGIC PLAN: GRAND STREET IS NOW IN THE IMPLEMENTATION PHASE OF OUR FIVE-YEAR (FY25-FY29) STRATEGIC PLAN. UNDER THE THEME OF "PARTNERSHIP, IMPACT, AND ADVOCACY," GRAND STREET'S STRATEGIC PLAN IS POISED TO DEEPEN OUR IMPACT THROUGH THOUGHTFUL RELATIONSHIP-BUILDING WITHIN AND OUTSIDE OF THE AGENCY. ITS GOALS ARE AS FOLLOWS: - GOAL 1: AMPLIFY AND INFUSE GRAND STREET SETTLEMENT'S "SPECIAL SAUCE" THROUGHOUT OUR PROGRAMS AND COMMUNICATIONS - GOAL 2: IDENTIFY, EVALUATE AND IMPROVE OUR IMPACT ON THE LIVES OF OUR COMMUNITIES - GOAL 3: SERVE NYC'S GROWING NEEDS BY LEVERAGING OUR STRENGTHS IN PARTNERSHIP WITH OTHERS - GOAL 4: STRENGTHEN OUR INFRASTRUCTURE AND CAPACITY - GOAL 5: ESTABLISH GRAND STREET SETTLEMENT AS AN ORGANIZATION OF CHOICE FOR ALL ROSE CENTER: IN FY25, GRAND STREET SETTLEMENT COMPLETED AN HISTORIC RENOVATION OF OUR HEADQUARTERS AT 80 PITT STREET ON THE LOWER EAST SIDE OF MANHATTAN, NOW RENAMED AFTER OUR FOUNDER, ROSE GRUENING. THE NEW SPACE IS INCREASING PROGRAM CAPACITY, INCLUDING THE INCREASE OF THE FEDERALLY-FUNDED EARLY HEAD START CLASSROOMS FROM FOUR TO SIX, EQUIPPING GSS TO SERVE 16 MORE CHILDREN AGES SIX MONTHS TO TWO YEARS. ADDITIONAL SPACE FOR THE CENTER'S LAUDED OLDER ADULTS AND YOUTH PROGRAMS HAS ALSO BEEN CREATED. THIS INCLUDES A HIGHLY-REGARDED TECHNOLOGY CLUBHOUSE THAT FOCUSES ON STEM PROGRAMS FOR LOCAL TEENS AND ELEMENTARY SCHOOL STUDENTS. THE NEW KITCHEN WILL PREPARE HIGH-QUALITY, CULTURALLY-APPROPRIATE FOOD FOR THE PEOPLE WHO USE THE BUILDING, SERVE AS HOME BASE FOR GSS'S LARGE WEEKLY FOOD PANTRY, AND CAN SERVE AS AN IMPORTANT FOOD DISTRIBUTION CENTER IN CASE OF A NATURAL DISASTER OR OTHER EMERGENCY. EXPANSION: EARLY CHILDHOOD EXPANSION TO THE BRONX AND NEW BROOKLYN NEIGHBORHOODS: IN JULY 2024, GRAND STREET RECEIVED A $18.4M FEDERAL HEAD START AWARD TO EXPAND 583 PRE-K SLOTS FOR FAMILIES IN SUNSET PARK, BROOKLYN AND FOR THE FIRST TIME IN OUR 108-YEAR HISTORY, THE BRONX. THIS AWARD MEANS WE WILL SERVE BRONX COMMUNITIES WITH FOUR NEW HEAD START SITES WITH 453 FAMILY SLOTS. IN BROOKLYN, WE WILL NOW OPERATE A NEW HEAD START SITE THAT WILL SERVE 130 NEW FAMILIES. THIS NEW STEP MEANS GRAND STREET'S OPERATING BUDGET WILL INCREASE BY 30%, AND 140 NEW EMPLOYEES WILL JOIN THE AGENCY, INCREASING OUR WORKFORCE BY 28%. IN FY25, GSS BEGAN A COMPREHENSIVE 18-MONTH ROLL OUT, INCLUDING THE SECURING OF FIVE NEW LEASES, RENOVATIONS, PERMITTING, STAFF RECRUITMENT, AND ENROLLMENT. ALL LOCATIONS ARE IN DEEPLY OR SEVERELY DISTRESSED COMMUNITIES, WHERE THE POVERTY RATE RANGES FROM 27% TO 48%. THE PROGRAMS HAVE ALREADY ACHIEVED FULL ENROLLMENT; DURING THE START-UP PHASE, WE ARRANGE TEMPORARY PLACEMENT FOR THE SLOTS IN LOCAL FAMILY CHILD CARE PARTNER SITES, WHILE OUR NEW CENTERS PREPARE FOR GRAND OPENING. THIS FY25 EXPANSION STRONGLY POSITIONS GRAND STREET SETTLEMENT AS A LEADING EARLY CHILDCARE PROVIDER AS NEW YORK CITY SETS A GOAL FOR UNIVERSAL CHILDCARE. GOWANUS AND WYCKOFF CORNERSTONE CENTERS: THE DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT INVITED GRAND STREET TO LEAD THE SERVICES AT TWO NEW COMMUNITY CENTERS IN FY25, THROUGH THE CORNERSTONE INITIATIVE. GRAND STREET IS THE LARGEST CORNERSTONE PROVIDER IN NYC, WITH 12 COMMUNITY CENTERS LOCATED IN NYCHA DEVELOPMENTS. THE NEWEST CENTERS ARE LOCATED IN GOWANUS HOUSES AND WYCKOFF HOUSES IN BROOKLYN, WHICH COLLECTIVELY SERVE OVER 3,700 RESIDENTS. GOWANUS OPENED IN JULY 2024, AND WYCKOFF OPENED IN SEPTEMBER 2024. FORM 990, PART VI, SECTION A, LINE 3 GRAND STREET SETTLEMENT OUTSOURCED ITS FINANCIAL DEPARTMENT TO BTQ FINANCIAL. BTQ PROVIDED THE FOLLOWING SERVICES: GENERAL FINANCIAL MANAGEMENT, PLANNING AND BUDGETING, MAINTAIN THE ACCOUNTING AND FINANCIAL SYSTEM AND ASSIST WITH MANAGING THE SETTLEMENT'S GRANTS. FEES INCURRED FOR BTQ DURING FISCAL YEAR 2025 FOR THESE SERVICES WERE $1,050,575. FORM 990, PART VI, SECTION B, LINE 11B GRAND STREET SETTLEMENT HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PRESENTED TO BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO KEY EMPLOYEES, BOARD MEMBERS, AND OFFICERS OF THE ORGANIZATION. UPON BEING HIRED, ALL EMPLOYEES ARE PROVIDED WITH THE EMPLOYEE HANDBOOK, WHICH INCLUDES A CONFLICT OF INTEREST POLICY. ALL EMPLOYEES ARE REQUIRED TO SIGN AN ACKNOWLEDGEMENT FORM STATING THAT THEY HAVE READ AND AGREE WITH THE POLICIES IN THE HANDBOOK. IF AN EMPLOYEE BECOMES AWARE OF A POTENTIAL CONFLICT DURING THE YEAR, THEY ARE REQUIRED TO NOTIFY EITHER THEIR SUPERVISOR OR THE CHIEF EXECUTIVE OFFICER. THE BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE POLICY IS UPDATED ON AN ANNUAL BASIS TO ENSURE THAT ALL POTENTIAL CONFLICTS ARE HANDLED PROPERLY. IF ANY CONFLICTS WERE TO ARISE, THEY WOULD BE HANDLED BY THE INDEPENDENT DIRECTORS OF THE BOARD TO ENSURE THAT THE CONFLICTS DO NOT AFFECT OPERATIONS. THE INTERESTED PERSON WOULD BE EXCUSED FROM VOTING ON THE CONFLICT RESOLUTION. ANY RESOLUTION WOULD BE DOCUMENTED IN THE MINUTES TO THE MEETING, AND WOULD INCLUDE THE NAMES OF THE PERSONS INVOLVED, THE INDEPENDENT DIRECTORS WHO VOTED ON THE POTENTIAL CONFLICT, AND DECISION OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 DURING THE MONTH OF JULY, THE BOARD OF DIRECTORS SHALL, SUBJECT TO THE MINIMUM ANNUAL INCREASE SET FORTH BELOW, EVALUATE THE LEVEL OF COMPENSATION AND BENEFITS BEING PAID TO THE CHIEF EXECUTIVE OFFICER BASED UPON THEIR DUTIES AND RESPONSIBILITIES, THE MANNER IN WHICH THEY CARRY OUT THOSE DUTIES AND RESPONSIBILITIES, THE COMPENSATION BEING PAID TO INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR INSTITUTIONS IN THE SAME GEOGRAPHICAL AREA, THE UNH (UNITED NEIGHBORHOOD HOUSES) SALARY SURVEY, THE NONPROFIT ORGANIZATIONS SALARY AND BENEFITS REPORT, AND ANY OTHER FACTORS WHICH THE BOARD OF DIRECTORS DEEMS TO BE RELEVANT WITH RESPECT TO THE COMPENSATION PAYABLE TO EXECUTIVES OF ORGANIZATIONS IN THE STATE OF NEW YORK. PROVIDED, HOWEVER, THAT (A) THE SETTLEMENT SHALL INCREASE EMPLOYEE'S BASE SALARY BY THE AMOUNT OF NO LESS THAN THREE PERCENT (3%) PER YEAR, AND (B) THE SETTLEMENT SHALL NOT, UNDER ANY CIRCUMSTANCES, INCREASE THE AMOUNT OF COMPENSATION OR BENEFITS PAYABLE TO THE EMPLOYEE BY ANY GREATER AMOUNT IF SUCH INCREASE RESULTS IN COMPENSATION AND/OR OTHER BENEFITS THAT ARE EXCESSIVE OR UNREASONABLE OR CONSTITUTE PRIVATE INUREMENT. THIS MINIMUM INCREASE IS DISCLOSED IN THE EMPLOYMENT AGREEMENT WITH THE CHIEF EXECUTIVE OFFICER. THE EXECUTIVE COMMITTEE LAST APPROVED HIS COMPENSATION IN FY2025. COMPENSATION FOR THE OTHER OFFICERS OF THE ORGANIZATION IS DETERMINED BY THE CHIEF EXECUTIVE OFFICER ANNUALLY. THE CHIEF EXECUTIVE OFFICER SHALL EVALUATE THE LEVEL OF COMPENSATION AND BENEFITS BEING PAID TO THE OFFICER BASED UPON THEIR DUTIES AND RESPONSIBILITIES, THE MANNER IN WHICH THEY CARRY OUT THOSE DUTIES AND RESPONSIBILITIES, THE COMPENSATION BEING PAID TO INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR INSTITUTIONS IN THE SAME GEOGRAPHICAL AREA, AND ANY OTHER FACTORS WHICH THE CHIEF EXECUTIVE OFFICER DEEMS TO BE RELEVANT WITH RESPECT TO THE COMPENSATION PAYABLE TO EXECUTIVES OF ORGANIZATIONS IN THE STATE OF NEW YORK. FORM 990, PART VI, SECTION C, LINE 19 THE EXEMPT ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G FAMILY CARE HEALTH SERVICES: PROGRAM SERVICE EXPENSES 4,273,452. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,273,452. HEALTH AND EDUCATION SERVICES: PROGRAM SERVICE EXPENSES 768,407. MANAGEMENT AND GENERAL EXPENSES 240,813. FUNDRAISING EXPENSES 59,793. TOTAL EXPENSES 1,069,013. CONSULTANTS: PROGRAM SERVICE EXPENSES 752,275. MANAGEMENT AND GENERAL EXPENSES 265,765. FUNDRAISING EXPENSES 65,989. TOTAL EXPENSES 1,084,029. PARTICIPANT FEES: PROGRAM SERVICE EXPENSES 196,397. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 196,397. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 164,868. MANAGEMENT AND GENERAL EXPENSES 52,007. FUNDRAISING EXPENSES 12,913. TOTAL EXPENSES 229,788. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 54,176. MANAGEMENT AND GENERAL EXPENSES 12,740. FUNDRAISING EXPENSES 3,163. TOTAL EXPENSES 70,079. OTHER PROFESSIONAL: PROGRAM SERVICE EXPENSES 17,148. MANAGEMENT AND GENERAL EXPENSES 5,409. FUNDRAISING EXPENSES 1,344. TOTAL EXPENSES 23,901. FORM 990, PART X, LINE 16 AND LINE 26: TOTAL ASSETS: INCREASE OF $17,637,948 DUE TO THE PURCHASE OF NEW SITES FOR PROGRAMMING. TOTAL LIABILITIES: INCREASE OF $14,055,878 PRIMARILY DUE TO THE ADDITION OF PROPERTY LEASES. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GRAND STREET SETTLEMENT SENIOR HDFC 200 WEST 57TH STREET SUITE 702 NEW YORK NY 10019 421607854 TO PROVIDE AFFORDABLE HOUSING NY 501(C)(3) LINE 10 GRAND STREET SETTLEMENT INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0