2024-10-30T08:46:48-05:00 2023-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2023-01-01 203853610 RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION REST 2125848981 150 BROADWAY SUITE 2101 NEW YORK NY 10038 MR SALVATORE D'AVOLA ASSISTANT SECRETARY 2125848981 2024-10-30 1 1 LAURA KIELCZEWSKI P00740769 9732283500 2024-10-29 2023 2024-10-15 13:58:12Z MR SALVATORE D'AVOLA 150 BROADWAY SUITE 2101 NEW YORK NY 10038 1391758 0 X WWW.NEIGHBORHOODRESTORE.ORG X 2005 NY THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PRESERVING AND CREATING, ON A NONPROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES,IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABILIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY. 9 9 0 12 0 0 550000 202500 588574 920516 82871 268742 0 0 1221445 1391758 500000 218100 0 0 0 0 0 0 0 834533 833408 1334533 1051508 -113088 340250 18974158 19083678 21350812 21120082 -2376654 -2036404 X THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PRESERVING AND CREATING, ON A NONPROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES,IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABILIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY. 0 0 854223 218100 920516 THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PRESERVING AND CREATING, ON A NON - PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. DURING THE YEAR, THE ORGANIZATION PROVIDED CONSTRUCTION MANAGEMENT AND MARKETING/SALES OF A NUMBER OF AFFORDABLE HOUSING PROJECTS IN NYC. 854223 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X SALVATORE D'AVOLA 2125848981 150 BROADWAY SUITE 2101 NEW YORK NY 10038 ANNETTA SEECHARRAN DIRECTOR 1.00 X 0 0 0 ARTURO SUAREZ TREASURER 1.00 1.00 X X 0 0 0 BRIAN SEGEL PRESIDENT 1.00 3.00 X X 0 0 0 CHRISTIE PEALE DIRECTOR 1.00 2.00 X 0 0 0 JANE SILVERMAN DIRECTOR 1.00 2.00 X 0 0 0 KIMBERLY DARGA OUTGOING DIRECTOR 1.00 3.00 X 0 0 0 LYDIA TOM OUTGOING SECRETARY 1.00 6.00 X X 0 0 0 NICOLAS LEMBO VICE PRESIDENT 1.00 2.00 X X 0 0 0 TONYA ORES DIRECTOR 1.00 2.00 X 0 0 0 VALERIE WHITE OUTGOING TREASURER 1.00 6.00 X X 0 0 0 VICTORIA ROWE BARRECA SECRETARY 1.00 6.00 X X 0 0 0 XIOMARA PEDRAZA DIRECTOR 1.00 2.00 X 0 0 0 RICHARD PINNER ASSISTANT SECRETARY 1.00 6.00 X 0 0 0 SALVATORE D'AVOLA ASSISTANT SECRETARY 2.00 38.00 X 0 264329 25032 0 264329 25032 0 0 1 0 0 202500 202500 CONSULTING FEE 900099 823375 823375 RH FEE INCOME 900099 97141 97141 920516 268742 268742 1391758 920516 0 268742 218100 218100 488890 410912 77978 11150 11150 20648 20648 11107 11107 72335 15492 56843 6521 5480 1041 73918 62128 11790 9519 9519 29677 24943 4734 PROGRAM COSTS 97141 97141 EQUIPMENT RENTAL AND RE 12452 10466 1986 LICENSES AND FEES 50 42 8 1051508 854223 197285 0 1179848 1169251 12311377 12466987 1042 5447440 5447440 3486 43788 43788 0 0 30965 0 18974158 19083678 45535 42 20920129 20920129 385148 199911 21350812 21120082 X -5851979 -5413914 3475325 3377510 -2376654 -2036404 18974158 19083678 340250 0 X 0 1 X 1 0 X X 2 ENTERPRISE COMMUNITY PARTNERS INC 521231931 10 1 0 0 LOCAL INITIATIVES SUPPORT ORGANISATION 133030229 7 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 11107 0 0 11107 0 PART II-B, LINE 1: THE ORGANIZATION AND ITS AFFILIATE ENTITIES HAVE A FIRM ON RETAINER THAT PROVIDES GOVERNMENT RELATION ACTIVITIES ASSOCIATED WITH THE ORGANIZATIONS' AFFORDABLE HOUSING WORK. 43788 43788 0 0 DUE TO NEIGHBORHOOD RESTORE 153870 DUE TO RUN LLC 46041 199911 X 1341066 -50692 -50692 1391758 0 1391758 1847893 796385 796385 1051508 0 1051508 PART X, LINE 2: RH AND RUN LLC ARE EACH A SECTION 501(C)(3) NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXATION AND HAVE BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. RH AND RUN LLC ARE ALSO EXEMPT FROM NEW YORK STATE AND NEW YORK CITY INCOME TAXES. AS OF DECEMBER 31, 2023, RH AND RUN LLC ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE UNITED STATES FEDERAL AND NEW YORK STATE AUTHORITIES FOR ANY TAX YEAR BEFORE THE TAX YEAR ENDED DECEMBER 31, 2020. THE TAX RETURNS FOR THE YEARS ENDED DECEMBER 31, 2020 THROUGH DECEMBER 31, 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE INTERNAL REVENUE SERVICE. OPP AND RHD ARE CONSIDERED DISREGARDED ENTITIES FOR FEDERAL AND STATE TAX PURPOSES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUES -50,692. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 796,385. 1 RESTORING URBAN NEIGHBORHOODS LLC 150 BROADWAY STE 2101 NEW YORK NY 10038 264577399 501C3 218100 0 AFFORDABLE HOUSING 1 PART I, LINE 2: THE ORGANIZATION REQUIRES REPORTS FROM GRANT RECIPIENTS TO CONFIRM THAT ALL FUNDS ARE USED FOR INTENDED PURPOSES. 0 0 0 0 0 0 0 0 0 SALVATORE D'AVOLA ASSISTANT SECRETARY 0 264238 0 0 0 91 0 9880 0 15152 0 289361 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND APPROPRIATE SCHEDULES, AS REQUIRED, IS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED INTERNALLY BY MANAGEMENT AND COUNSEL, AT WHICH TIME IT IS CONSIDERED THE FINAL DRAFT. THE FINAL DRAFT OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DISCLOSURE IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY BY EMPLOYEES AND BOARD MEMBERS THAT SATISFY THE CRITERIA TO BE CONSIDERED "INTERESTED PERSONS" IS SUBMITTED UPON HIRING AND ANNUALLY THEREAFTER. THE AUDIT AND COMPLIANCE COMMITTEE REVIEWS THE SUBMISSIONS FOR CONFLICTS AND THE OFFICE OF THE COMPLIANCE OFFICER MANAGES THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST OPP LLC 150 BROADWAY SUITE 2101 NEW YORK NY 10038 RE DEVLOP NY 0 328883 RH RESTORED HOMES DEVELOPMENT LLC 150 BROADWAY SUITE 2101 NEW YORK NY 10038 RE DEVLOP NY 0 7143051 RH ENTERPRISE COMMUNITY PARTNERS INC 11000 BROKEN LAND PARKWAY 700 COLUMBIA MD 21044 521231931 AFF. 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