2024-11-15T09:45:52-06:00 2023-12-31 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2023-01-01 132947394 ST MARGARET'S HOUSE HOUSING DEVELOPMENT FUND CORPORATION STMA 2127668122 49 FULTON STREET NEW YORK NY 10038 MATTHEW KNISELY PRESIDENT 2127668122 2024-11-14 1 0 LYNNE JOHNSON P00757336 6179129000 2023 2024-10-15 13:58:12Z MATTHEW KNISELY 49 FULTON STREET NEW YORK NY 10038 11491143 0 X SMHNYC.ORG X 1977 NY PROVIDES HOUSING SERVICES TO LOW INCOME OLDER ADULTS AND DISABLED PERSONS WITH MOBILITY IMPAIRMENTS. 22 22 14 25 0 0 11880 8846 10232279 11090302 111088 391995 0 0 10355247 11491143 5000000 55655649 0 0 1211837 1245848 0 0 0 4702859 8393529 10914696 65295026 -559449 -53803883 21344645 31065524 1056394 64408613 20288251 -33343089 X ST. MARGARET'S HOUSE HOUSING DEVELOPMENT FUND CORPORATION (SMH) PROVIDES HOUSING FOR LOW-INCOME OLDER ADULTS AND MOBILITY IMPAIRED DISABLED PERSONS. OUR BUILDING CONSISTS OF A TWENTY STORY RESIDENTIAL BUILDING WITH 251 APARTMENTS, AND (2) WINGS FOR OUR OCCUPANCY DEPARTMENT AND TENANT/ COMMUNITY EVENTS PROGRAMMING SPACES IN ADDITION TO PROVIDING SENIOR HOUSING SERVICES. WE CONSIDER ST. MARGARET'S HOUSE TO BE AN ACTIVE, POSITIVE COMMUNITY LEADER AND ROLE MODEL THAT BENEFITS OUR TENANTS, STAFF AND THE COMMUNITY AT LARGE. THE HIGHLIGHTS OF OUR ACTIVITIES INCLUDE EDUCATIONAL EVENTS, RECREATION ACTIVITIES, BEING A GOOD NEIGHBOR, SHARING SPACES, BEING A COMMUNITY DESTINATION, KNOWLEDGE BUILDING, AND HOSTING CULTURAL CELEBRATIONS. IN THE PAST YEAR, ST. MARGARET'S HOUSE CONTINUED TO MAKE A POSITIVE AND SIGNIFICANT IMPACT ON THE TENTANTS AND THE WIDER COMMUNITY WHILE MAINTAINING A STRONG FINANCIAL POSITION. 0 0 64172009 55655649 11090302 THE ORGANIZATION OPERATES LOW INCOME HOUSING FOR OLDER ADULTS AND DISABLED PERSONS WITH MOBILITIY IMPAIRMENTS UNDER A HOUSING URBAN DEVELOPMENT SECTION 8 PROGRAM. DURING 2023 SMH PROVIDED HOUSING TO APPROXIMATELY 342 TENANTS. 64172009 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 1 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 0 1 0 0 0 1 11 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X PAUL WALSH 2127668122 49 FULTON STREET NEW YORK NY 10038 PETER D BARBEY BOARD MEMBER 1.00 1.00 X 0 0 0 SUSAN HINKSON-CARLING BOARD MEMBER 1.00 1.00 X 0 0 0 SCOTT EVENBECK BOARD MEMBER (UNTIL 4/2/23) 1.00 1.00 X 0 0 0 PATRICIA GRAUE BOARD MEMBER 1.00 1.00 X 0 0 0 TIM F WRAY BOARD MEMBER 1.00 1.00 X 0 0 0 SHARON HARDY BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID HUMPHREVILLE BOARD MEMBER 1.00 1.00 X 0 0 0 CHRISTIAN B HYLTON BOARD MEMBER 1.00 1.00 X 0 0 0 SUSAN K JANSEN BOARD MEMBER (FROM 4/2/23) 1.00 1.00 X 0 0 0 CHRISTOPHER MANN BOARD MEMBER 1.00 1.00 X 0 0 0 LYNNE JORDAL MARTIN BOARD MEMBER 1.00 1.00 X 0 0 0 MARTEZ R MOORE BOARD MEMBER 1.00 1.00 X 0 0 0 JOEL MOTLEY BOARD MEMBER 1.00 1.00 X 0 0 0 HILARY PENNINGTON BOARD MEMBER 1.00 1.00 X 0 0 0 GAYLE ROBINSON BOARD MEMBER 1.00 1.00 X 0 0 0 NATHANIEL F ROGERS BOARD MEMBER (FROM 4/2/23) 1.00 1.00 X 0 0 0 T DENNIS SULLIVAN BOARD MEMBER (FROM 4/2/23) 1.00 1.00 X 0 0 0 GABRIELLE SULZBERGER BOARD MEMBER 1.00 1.00 X 0 0 0 JOHN G TALTY BOARD MEMBER 1.00 1.00 X 0 0 0 SUSAN WARD BOARD MEMBER 1.00 1.00 X 0 0 0 MARY KATE WOLD BOARD MEMBER (UNTIL 4/2/23) 1.00 1.00 X 0 0 0 WILLIAM WRIGHT II BOARD MEMBER 1.00 1.00 X 0 0 0 SUSAN H HEWITT PRESIDENT 1.00 1.00 X X 0 0 0 SARA B QUEEN VP & TREASUSRER (UNTIL 4/2/23) 1.00 1.00 X X 0 0 0 MATTHEW KNISELY BOARD MEMBER VP & SEC., TREAS. (FROM 4/12/23) 1.00 1.00 X X 0 0 0 CLAIRE GUERETTE EXECUTIVE DIRECTOR 40.00 0.00 X 193761 0 65692 YURI KLARVIT CONTROLLER (UNTIL 9/29/23) 40.00 0.00 X 110511 0 27894 EZRA EBANKS CONTROLLER (FROM 10/16/23) 40.00 0.00 X 22485 0 4213 326757 0 97799 2 0 1 0 SAGE BUILDERS 7 WEST 36 STREET NEW YORK NY 10018 BUILDING SPACE RECONFIGURATION 2017129 TWO-TONE CONTRACTING CORP 20 MANUFACTURES PLACE NEWARK NJ 07105 TERRACE AND SIDEWALK REPLACEMENT 795500 MAC REMODELING AND CONSTRUCTION 1005 EDGEWOOD LANE FORT LEE NJ 07024 BUILDING IMPROVEMENTS 293270 PARK AVENUE SECURITY SOUTH INC 45-15 162ND STREET SUITE 202 FLUSHING NY 11358 BUILDING 24 -7 SECURITY SERVICES 286697 M&M ENVIRONMENTAL 39-27 29TH STREET LONG ISLAND CITY NY 11101 EXTERMINATION & PEST CONTROL SERVICES 209405 8 8846 8846 RENTAL REVENUE 531110 11090302 11090302 11090302 391995 391995 11491143 11090302 0 391995 55655649 55655649 421214 421214 5292 2567 2725 519701 446369 73332 45337 28149 17188 191366 163413 27953 62938 34308 28630 4675 4675 76175 10950 65225 699459 667198 32261 43268 43268 58415 23413 35002 6046511 5754222 292289 15138 5659 9479 772527 735717 36810 181446 127012 54434 BUILDING REPAIRS AND MA 338192 334846 3346 STAFF APARTMENTS RENT I 115968 115968 VIOLATION FEES 13080 13080 DUES & MEMBERSHIP 8466 255 8211 20209 9966 10243 65295026 64172009 1123017 0 1896962 671974 10810 35540 1189796 1236694 36757856 21632188 12823352 15125668 5348636 6459685 75089 7535963 21344645 31065524 980015 772083 1290 350 75089 77417 63558763 1056394 64408613 X 19464788 -34367449 823463 1024360 20288251 -33343089 21344645 31065524 -53803883 172543 0 X 0 1 X 1 1 1 X 1873 2700 22731 11880 8846 48030 9906593 9955040 9720952 10232279 11090302 50905166 9908466 9957740 9743683 10244159 11099148 50953196 0 0 0 50953196 157784 86550 71552 81665 391995 789546 157784 86550 71552 81665 391995 789546 27953 8914 36867 10094203 10053204 9815235 10325824 11491143 51779609 0.98400 0.98920 0.01520 0.01010 X 0 1 X 823463 200897 1024360 1034931 -211468 823463 941972 133001 40042 1034931 789993 151979 941972 670579 153468 34054 789993 1.00000 0.00000 0.00000 0 0 782050 782050 30568441 19854538 10713903 2058009 1777650 280359 3349356 3349356 15125668 TENANT DEPOSITS 77417 RESTRICTED CASH 7458546 7535963 X 11663686 172543 172543 11491143 0 11491143 65295026 0 65295026 0 65295026 PART IV, LINE 2B: TENANT DEPOSITS HELD IN TRUST. PART V, LINE 4: TO COVER ADMINISTRATIVE EXPENSES NOT FUNDED BY HUD. PART X, LINE 2: THE CORPORATION FOLLOWS FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE CORPORATION RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT EVALUATED THE CORPORATION'S TAX POSITIONS AND CONCLUDED THAT THE CORPORATION HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF DECEMBER 31, 2023 AND 2022. THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS FROM THE FILING DATE. THE CORPORATION WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. 0 THE RECTOR CHURCHWARDENS AND VESTRYMEN OF TRINITY CHURCH IN THE CITY OF NY 76 TRINITY PLACE NEW YORK NY 10006 135562393 501(C )(3) 55624679 30970 FMV PARCEL OF LAND IN SUPPORT OF TWO DISREGARDED ENTITIES ST. MARGARET'S HOUSING LLC AND SMH DEVELOPMENT LLC OF TRINITY CHURCH. ST. MARGARET'S HOUSING LLC SUPPORTS ACTIVITIES RELATING TO AFFORDABLE HOUSING SUCH AS DEVELOPMENT, CONSTRUCTION, OWNERSHIP AND REHABILIATION OF HOUSING PROJECTS. SMH DEVELOPMENT LLC SUPPORTS ACTIVITIES RELATING TO DEVELOPMENT OF THE GARDEN PARCEL. 1 1 X X 0 0 0 0 0 0 0 0 0 CLAIRE GUERETTE EXECUTIVE DIRECTOR 192573 0 0 0 1188 0 19281 0 46411 0 259453 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A ST. MARGARET'S HOUSE HAS AN EXECUTIVE COMMITTEE OF ITS BOARD OF DIRECTORS COMPRISED OF VOTING MEMBERS OF THE FULL BOARD. WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL THE POWERS OF THE BOARD OF DIRECTORS AS DETERMINED BY THE BOARD OF DIRECTORS, EXCEPT CERTAIN POWERS SPECIFIED IN THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW. FORM 990, PART VI, SECTION A, LINE 6 THE RECTOR, CHURCHWARDENS AND VESTRYMEN OF TRINITY CHURCH IN THE CITY OF NEW YORK IS THE SOLE MEMBER OF ST. MARGARET'S HOUSE HOUSING DEVELOPMENT FUND CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY IS ELECTED BY THE MEMBER OF ST. MARGARET'S HOUSE. FORM 990, PART VI, SECTION A, LINE 7B ANY MAJOR DECISIONS AFFECTING THE CORPORATION OR THE FINANCING OF MAJOR CAPITAL PROJECTS ARE DEFERRED TO THE MEMBER, PURSUANT TO THE BYLAWS OF THE CORPORATION AND APPLICABLE LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF THE COMPLETED FORM 990, PREPARED BY THE AUDITING FIRM, AT THE DIRECTION OF THE EXECUTIVE DIRECTOR AND THE CONTROLLER, IS SUBMITTED TO THE EXECUTIVE DIRECTOR AND THE CONTROLLER FOR A PRELIMINARY REVIEW. ANY COMMENTS ARISING FROM THEIR REVIEW ARE DISCUSSED AND CHANGES, IF ANY, ARE MADE ACCORDINGLY. THE DRAFT IS THEN PRESENTED TO THE ST. MARGARET'S HOUSE EXECUTIVE COMMITTEE FOR FURTHER REVIEW AND APPROVAL. THAT DRAFT RECEIVES A FINAL REVIEW BY THE EXECUTIVE DIRECTOR, WHO GIVES THE AUTHORIZATION FOR FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. A COPY OF THE ORGANIZATION'S FINAL FORM 990 IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY, WHETHER IN PAPER OR ELECTRONIC FORM PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY OF ST. MARGARET'S HOUSE COVERS ALL BOARD MEMBERS, THE EXECUTIVE DIRECTOR AND DEPARTMENT HEADS. THEY RECEIVE ANNUALLY A COPY OF THE POLICY REQUIRING THEM TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS. ADDITIONALLY, BOARD MEMBERS, THE EXECUTIVE DIRECTOR AND DEPARTMENT HEADS SIGN A STATEMENT CERTIFYING THAT THEY HAVE RECEIVED A COPY OF THE POLICY AND THEY AGREE TO BE BOUND BY ITS PROVISIONS PER THE POLICY. THE DIRECTORS REVIEW AND MAKE A DETERMINATION SHOULD A POTENTIAL OR ACTUAL CONFLICT ARISE DURING THE DELIBERATIONS AND DECISION PROCESS, THE PERSON WITH THE POTENTIAL OR ACTUAL CONFLICT IS RECUSED FROM THE DISCUSSIONS AND THE VOTE. FORM 990, PART VI, SECTION B, LINE 15A INDEPENDENT COMPENSATION CONSULTANTS, COMPENSATION SURVEYS, AND COMPARABLE COMPENSATION STUDIES ARE USED TO DETERMINE THE COMPENSATION OF THE EXECUTIVE DIRECTOR. COMPENSATION IS APPROVED BY THE ST. MARGARET'S HOUSE HR COMMITTEE AND THE CHAIR OF THE BOARD. THIS PROCESS WAS LAST COMPLETED IN JULY 2019 AND THERE WAS CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 ST. MARGARET'S HOUSE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE VIA CANDID (FORMALLY KNOWN AS GUIDESTAR). CHURCH DIVINITY SCHOOL OF THE PACIFIC 2451 RIDGE RD BERKLEY CA 94709 941156508 SCHOOL CA 501(C)(3) LINE 2 0 THE RECTOR CHURCH-WARDENS & VESTRYMEN OF TRINITY CHURCH IN THE CITY OF NY 76 TRINITY PLACE NEW YORK NY 10006 135562393 RELIGIOUS NY 501(C)(3) LINE 1 0 THE TRINITY EPISCOPAL CENTER ASSOCIATION 79 LOWER RIVER ROAD WEST CONRWALL CT 06796 135562327 RETREAT CENTER CT 501(C)(3) LINE 1 RECTOR CHURCH 0 TRINITY CONCERTS INC 76 TRINITY PLACE NEW YORK NY 10006 200773673 PROMOTE MUSIC NY 501(C)(3) LINE 1 RECTOR CHURCH 0 HUDSON SQUARE PROPERTIES LLC C/O TRINITY WALL ST 120 BROADWAY NEW YORK NY 10271 810715580 REAL ESTATE I DE 0 0 375 HSP LLC C/O TRINITY WALL ST 120 BROADWAY NEW YORK NY 10271 822278841 REAL ESTATE I DE 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0