2024-11-06T16:28:19-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-01-01 261968933 GREATER NEWARK HOUSING PARTNERSHIP INC GREA 9737352154 188 JEFFERSON STREET 340 NEWARK NJ 07105 ADAM GOLD TREASURER 9737352154 2024-11-06 1 1 MELISSA MODELSON P01603524 9143818900 2024-11-04 2023 2024-10-15 13:58:12Z ADAM GOLD 188 JEFFERSON STREET 340 NEWARK NJ 07105 63655 0 X WWW.GNHP.ORG X 2007 NJ TO DEVELOP, ON A NONPROFIT BASIS, ONE OR MORE HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS, WHICH PROJECT IS TO BE FUNDED BY GOVERNMENT AIDED OR OTHER PERMANENT FINANCING AS PROVIDED FOR IN RELEVANT STATE AND FEDERAL STATUTES. THE CORPORATION IS EMPOWERED TO DO AND PERFORM ALL ACTS REASONABLY NECESSARY TO ACCOMPLISH THE PURPOSES OF THE CORPORATION. IN CONNECTION WITH THESE ACTIVITIES, THE CORPORATION SEEKS TO LESSON THE BURDEN OF PROVIDING HOUSES AND OTHER HOUSING-RELATED ISSUES OF BOTH GREATER NEWARK AND THE STATE OF NEW JERSEY, BY SEEKING PUBLIC PRIVATE COOPERATION IN CONNECTION WITH THE DEVELOPMENT OF AFFORDABLE HOUSING. 5 0 0 0 0 0 0 19 33500 63636 0 0 0 0 33500 63655 0 0 0 0 0 0 0 0 0 21357 19703 21357 19703 12143 43952 1923417 1952269 2212110 2197010 -288693 -244741 X TO DEVELOP, ON A NONPROFIT BASIS, ONE OR MORE HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS, WHICH PROJECT IS TO BE FUNDED BY GOVERNMENT AIDED OR OTHER PERMANENT FINANCING AS PROVIDED FOR IN RELEVANT STATE AND FEDERAL STATUTES. THE CORPORATION IS EMPOWERED TO DO AND PERFORM ALL ACTS REASONABLY NECESSARY TO ACCOMPLISH THE PURPOSES OF THE CORPORATION. IN CONNECTION WITH THESE ACTIVITIES, THE CORPORATION SEEKS TO LESSON THE BURDEN OF PROVIDING HOUSES AND OTHER HOUSING-RELATED ISSUES OF BOTH GREATER NEWARK AND THE STATE OF NEW JERSEY, BY SEEKING PUBLIC PRIVATE COOPERATION IN CONNECTION WITH THE DEVELOPMENT OF AFFORDABLE HOUSING. 0 0 819 0 63636 GNHP THROUGH ITS DISREGARDED ENTITY FAIRMOUNT HEIGHTS DEVELOPMENT COMPANY, LLC (FHDC) COMMENCED CONSTRUCTION REHABILITATION ON HOMES AND A PARK LOCATION IN THE WEST WARD OF NEWARK. FHDC ALSO OBTAINED A CONSTRUCTION LOAN AND LINE OF CREDIT TO FINANCE THE FIRST PHASE OF THE WEST WARD CONSTRUCTION AND REHABILITATION OF HOMES. GNHP WAS PREVIOUSLY AWARDED $2.5 MILLION FOR THE FEDERAL NEIGHBORHOOD STABILIZATION PROGRAM (NSP I AND NSP II). THE ORGANIZATION BROKE GROUND ON A MIXED USE AFFORDABLE HOUSING SITE WITH SUPPORTIVE HOUSING TAX CREDIT BUILDING AS NOT-FOR-PROFIT PARTNER WITH REGAN DEVELOPMENT IN HUDSON COUNTY. 819 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NJ X X ADAM GOLD 6462173370 253 WEST 35TH STREET 3RD FLOOR NEW YORK NY 100011913 JAMIE SMARR PRESIDENT & CEO 1.00 40.30 X X 0 341154 40688 THERESA OMANSKY SECRETARY THRU 9/30/23 1.00 40.10 X X 0 211022 30706 JOHN ABRAMO VICE PRESIDENT REAL ESTATE DEVELOPMENT 1.00 38.00 X X 0 164786 44387 ADAM GOLD TREASURER 1.00 40.30 X X 0 173746 30748 NADJA ALVARADO DIRECTOR 1.00 40.00 X 0 86506 36304 0 977214 182833 0 0 1 0 0 19 19 ADVISORY/DEVELOPER FEE 531390 63636 63636 63636 63655 63636 0 0 18650 18650 1053 819 234 19703 819 18884 0 8017 9233 54500 82136 1860900 1860900 1923417 1952269 17750 18650 1853900 1853900 340460 324460 2212110 2197010 X -288693 -244741 -288693 -244741 1923417 1952269 43952 0 X X 0 1 X 0 0 X 19 19 68500 18500 18500 33500 63636 202636 68500 18500 18500 33500 63655 202655 0 48000 13000 40136 101136 48000 13000 40136 101136 101519 9860 9860 68500 18500 28360 33500 63655 212515 0.47770 0.56360 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2021 AMOUNT: $ 9,860. 0 DUE FROM AFFILIATES 1860900 1860900 DUE TO AFFILIATES 324460 324460 X 646201 587546 587546 58655 5000 5000 63655 865575 850872 850872 14703 5000 5000 19703 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 YEARS PRIOR TO DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO RELATED PARTIES 587,546. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS ON CONSOLIDATED FINANCIAL STATEMENTS 5,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO RELATED PARTIES 850,872. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS ON CONSOLIDATED FINANCIAL STATEMENTS 5,000. 0 0 0 0 0 0 0 0 0 JAMIE SMARR PRESIDENT & CEO 0 310464 0 30000 0 690 0 19800 0 20888 0 381842 0 0 THERESA OMANSKY SECRETARY THRU 9/30/23 0 210795 0 0 0 227 0 12997 0 17709 0 241728 0 0 JOHN ABRAMO VICE PRESIDENT REAL ESTATE DEVELOPMENT 0 163893 0 0 0 893 0 10660 0 33727 0 209173 0 0 ADAM GOLD TREASURER 0 173274 0 0 0 472 0 11000 0 19748 0 204494 0 0 PART I, LINE 3 COMPENSATION IS DETERMINED BY THE RELATED ORGANIZATION, HOUSING PARTNERSHIP DEVELOPMENT CORPORATION. THE FOLLOWING IS ITS POLICY FOR DETERMINING COMPENSATION: THE COMPENSATION COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS WHO DETERMINE AND APPROVE THE OFFICERS' SALARIES WHEN IT IS PROPOSED BY THE CEO. COMPENSATION IS DETERMINED THROUGH ANALYSIS OF SIMILAR POSITIONS AND NON-PROFITS. THE COMPENSATION COMMITTEE MEETS ONCE A YEAR TO CONSIDER MERIT INCREASES. THIS PROCESS WAS LAST UNDERTAKEN IN 2023 AND DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION 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 ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL BOARD MEMBERS, DIRECTORS, OFFICERS, AND SENIOR STAFF. ANNUALLY, IT IS REVIEWED AND DISCUSSED. IT MUST BE SIGNED, LISTING ANY TERMS THAT COULD BE A CONFLICT AND RETURNED TO THE GENERAL COUNSEL. THOSE WITH CONFLICTS ARE ASKED TO RECUSE THEMSELVES FROM ANY DECISIONS RELATING TO THE CONFLICTING INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 IS 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, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. FAIRMONT HEIGHTS DEVELOPMENT COMPANY LLC 550 BROAD STREET NEWARK NJ 07102 263868671 DEVELOP LOW INCOME HOUSING NJ 0 4201 GREATER NEWARK HOUSING PARTNERSHIP INC COMMUNITY PARTNERSHIP DEV CORP 253 WEST 35TH STREET 3RD FLOOR NEW YORK NY 100011913 133582492 ADMINISTER LOANS TO HELP SMALL MINORITY BUILDERS COVER DEVELOPMENT COST NY 501(C)(3) LINE 12B, II NYC PARTNERSHIP HDFC INC 0 NYC PARTNERSHIP HDFC INC 253 WEST 35TH STREET 3RD FLOOR NEW YORK NY 100011913 133202018 EXECUTES CONTRACTS WITH GOVERNMENT ENTITIES FOR APPLICATION OF PUBLIC FUNDS NY 501(C)(3) LINE 12B, II HOUSING PARTNERSHIP DEVELOPMENT CORP 0 ORANGE COUNTY HDFC 253 WEST 35TH STREET 3RD FLOOR NEW YORK NY 100011913 900518507 HOUSING NY 501(C)(3) LINE 12B, II NYC PARTNERSHIP HDFC INC 0 HOUSING PARTNERSHIP DEVELOPMENT CORPORATION 253 WEST 35TH STREET 3RD FLOOR NEW YORK NY 100011913 133202014 HOUSING NY 501(C)(3) LINE 10 N/A 0 NATIONAL CAPITAL REGION HOUSING PARTNERSHIP INC 253 WEST 35TH STREET 3RD FLOOR NEW YORK NY 100011913 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