2024-12-11T14:11:30-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2023-01-01 133668065 GREYSTON HEALTH SERVICES INC GREY 9143763900 20 SOUTH BROADWAY 12TH FLOOR YONKERS NY 10701 ANDREW YU VP, FINANCE & OPS 9143763900 2024-12-11 1 1 GARRETT M HIGGINS P00543209 2017129800 2024-12-10 2023 2024-10-15 13:58:12Z X ANDREW YU 20 SOUTH BROADWAY 12TH FLOOR YONKERS NY 10701 68645 0 X WWW.GREYSTON.ORG X 1991 DE SEE SCHEDULE O. 14 13 0 16 0 0 0 0 43719 68561 206 84 4457 0 48382 68645 0 0 0 0 0 0 0 0 0 369040 329066 369040 329066 -320658 -260421 4207030 3995603 182280 231274 4024750 3764329 X SEE SCHEDULE O. 0 0 317566 0 68561 THE ORGANIZATION PROVIDES SUPPORTIVE HOUSING SERVICES TO HOMELESS PERSONS LIVING WITH AIDS OR HIV RELATED ILLNESSES. 317566 1 0 0 0 0 0 0 0 0 0 1 0 1 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 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 NY X X DAISY PINERO 9147587945 21 PARK AVENUE YONKERS NY 10703 JOSEPH D KENNER PRESIDENT & CEO 13.00 32.00 X X 0 314584 8617 ANDREW YEARLEY CHAIR 1.00 2.00 X X 0 0 0 JO SAUER SECRETARY 1.00 1.00 X X 0 0 0 TY HOOKWAY TREASURER 1.00 1.00 X X 0 0 0 JUSTIN AREST DIRECTOR 1.00 1.00 X 0 0 0 AILEEN BURDICK DIRECTOR 1.00 1.00 X 0 0 0 RAMI EFAL DIRECTOR 1.00 1.00 X 0 0 0 DARRAH FELDMAN DIRECTOR 1.00 1.00 X 0 0 0 JOHN JOVE DIRECTOR 1.00 1.00 X 0 0 0 JEREMY LEE DIRECTOR 1.00 1.00 X 0 0 0 GABRIELLE LESSER DIRECTOR 1.00 1.00 X 0 0 0 GLORIA MIRRIONE DIRECTOR 1.00 1.00 X 0 0 0 CANDICE COOK SIMMONS DIRECTOR 1.00 1.00 X 0 0 0 DR AUDREY TOMLINSON DIRECTOR 1.00 1.00 X 0 0 0 ANDREW YU VP, FINANCE & OPS 13.00 32.00 X 0 163173 3923 0 477757 12540 0 0 1 0 0 SUPPORTIVE HOUSING SER 624100 68561 68561 68561 84 84 68645 68561 0 84 54849 54849 11500 11500 5892 5892 58 58 203493 203493 8282 8282 12079 12079 REPAIRS AND MAINTENANCE 31889 31889 MISC. EXPENSE 1024 1024 329066 317566 11500 0 322059 95624 520210 331672 34653 29844 381338 209810 179810 171528 2508089 2508089 642209 858846 4207030 3995603 53332 43687 128948 187587 182280 231274 X 4024750 3764329 4024750 3764329 4207030 3995603 -260421 0 X 0 1 X 0 0 X 924206 3186267 343804 4454277 924206 3186267 343804 4454277 1921612 2532665 207 45 426 206 84 968 4457 4457 4459702 657075 0.56790 0.65370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2022 AMOUNT: $ 4,457. 208382 41850 166532 172956 167960 4996 171528 LOAN RECEIVABLE FROM WHOLLY-OWNED SUBSIIDIARY 2508089 C 2508089 DUE FROM AFFILIATE 858846 858846 DUE TO PARENT 187587 187587 X PART X, LINE 2: THE ORGANIZATION, AS A WHOLE, RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THE TAX 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 PERIODS PRIOR TO 2020. 0 0 0 0 0 0 0 0 0 JOSEPH D KENNER PRESIDENT & CEO 0 233584 0 81000 0 0 0 8617 0 0 0 323201 0 0 ANDREW YU VP, FINANCE & OPS 0 163173 0 0 0 0 0 3923 0 0 0 167096 0 0 PART I, LINE 3 JOSEPH KENNER SERVES A DUAL ROLE AS CEO AND PRESIDENT OF GREYSTON FOUNDATION, AS WELL AS PRESIDENT OF GREYSTON BAKERY, INC., THE FOR-PROFIT SOCIAL ENTERPRISE THAT IS WHOLLY-OWNED BY THE GREYSTON FOUNDATION. IN ORDER TO DETERMINE JOSEPH KENNER'S TOTAL SALARY, THE BOARD OF DIRECTORS APPOINTED A SUB-COMMITTEE OF DIRECTORS, WHO CONSIDERED COMPARABLE SALARIES FOR SIMILAR SIZED ORGANIZATIONS, DISCUSSIONS WITH OUTSIDE RECRUITERS AND OTHER FACTORS SUCH AS LEVEL OF EXPERIENCE AND AREAS OF RESPONSIBILITY. IN 2022, APPROXIMATELY 50% OF MR. KENNER'S SALARY WAS ALLOCATED TO GREYSTON BAKERY, INC. BASED ON THE ESTIMATED TIME REQUIRED TO FULFILL HIS DUTIES WITH THIS ORGANIZATION. THE REVIEW OF MR. KENNER'S COMPENSATION IS CONDUCTED ANNUALLY, WITH THE FINAL RECOMMENDATIONS DOCUMENTED AND APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS. ONLY THE CEO COMPENSATION IS DETERMINED BY THE BOARD. FOR THE OTHER MEMBERS OF THE EXECUTIVE TEAM, THE CEO ALONG WITH THE SENIOR HR LEADERS AND CONSULTATION WITH THE BOARD DETERMINE THE COMPENSATION. A NUMBER OF FACTORS ARE CONSIDERED INCLUDING COMPARABLE SALARIES FOR SIMILAR SIZED ORGANIZATIONS, DISCUSSIONS WITH OUTSIDE RECRUITERS AND OTHER FACTORS SUCH AS LEVEL OF EXPERIENCE, ETC. FORM 990, PART I, LINE 1 FOUNDED 1982, GREYSTON HAS GROWN INTO ONE OF THE COUNTRY'S LEADING SOCIAL ENTERPRISES. GREYSTON'S MISSION IS TO UNLOCK THE POWER OF HUMAN POTENTIAL THROUGH INCLUSIVE EMPLOYMENT, ONE PERSON AT A TIME. WE PROVIDE PATHS TO EMPLOYMENT AND COMMUNITY PROGRAMMING TO ANYONE IN NEED TO ASSIST OUR NEIGHBORS, AND MEET OUR COMBINED SOCIAL, ENVIRONMENTAL, AND FINANCIAL GOALS. GREYSTON PROMOTES INCLUSION, OFFERS SUPPORT TO DISENFRANCHISED PEOPLE, BATTLES AGAINST SYSTEMIC INEQUITIES, AND ADVOCATES FOR A LEVEL PLAYING FIELD FOR ALL, REGARDLESS OF THEIR PASTS. FOR NEARLY 40 YEARS, GREYSTON HAS OPENED ITS DOORS TO THOSE WHO ORDINARILY FACE REJECTION, AND HAS PROVIDED INDIVIDUALS AND COMMUNITIES STRUGGLING TO PROSPER AN OPPORTUNITY TO THRIVE. WHEN PEOPLE SAY THEY WANT TO WORK, WE GIVE THEM A CHANCE, REPLACING SCRUTINY WITH TRUST, TRANSFORMING LIVES AND COMMUNITIES, AND BREAKING THE CYCLES OF POVERTY IN THE PROCESS. GREYSTON CREATES PATHWAYS TO SUCCESS THROUGH A VARIETY OF WORKFORCE AND EMPLOYEE TRAINING AND DEVELOPMENT PROGRAMS, AND SCALES OUR MISSION THROUGH THE GREYSTON ECONOMIC OPPORTUNITY CENTER (GEOC), SHARING OUR EXPERTISE AND EXPERIENCE WITH BUSINESS LEADERS, AND GUIDING COMPANIES IN BUILDING MORE INCLUSIVE WORKFORCES. FORM 990, PART III, LINE 1 ISSAN HOUSE (THE PRINCIPAL PROGRAM OF THE RELATED GREYSTON HEALTH SERVICES NOT-FOR-PROFIT ENTITY) WAS A 35-UNIT SUPPORTIVE CARE HOUSING FACILITY FOR FORMERLY HOMELESS PEOPLE LIVING WITH HIV/AIDS, 95% OF WHOM HAVE A DUAL DIAGNOSIS OF MENTAL ILLNESS AND DRUG AND ALCOHOL ADDICTION. ISSAN HOUSE WAS THE ONLY FACILITY OF ITS KIND IN WESTCHESTER COUNTY, NY. INDIVIDUALS RESIDING AT ISSAN HOUSE HAD A PERMANENT HOME AND ACCESS TO ONGOING SERVICES WHILE STRIVING TOWARD PERSONAL SELF-SUFFICIENCY. EACH YEAR, 33-50 TENANTS ARE PROVIDED WITH AN ARRAY OF SPECIALIZED SOCIAL SERVICES INCLUDING CASE MANAGEMENT, COUNSELING, BENEFITS ASSISTANCE, LIFE SKILLS TRAINING, ADVOCACY, TRANSPORTATION TO APPOINTMENTS, REFERRALS TO OTHER SERVICES AND THREE NUTRITIOUS MEALS DAILY. UNFORTUNATELY, IN JUNE 2021, ISSAN HOUSE PERMANENTLY CLOSED. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A MANAGEMENT AGREEMENT WITH GREYSTON FOUNDATION, THE SOLE MEMBER, WHICH PROVIDES ADMINISTRATIVE, PERSONNEL, AND RELATED SERVICES TO THE ORGANIZATION. THE ORGANIZATION INCURRED MANAGEMENT FEE $54,849 DURING THE TAX YEAR FOR THESE SERVICES. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS GREYSTON FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS SHALL BE ELECTED BY THE SOLE MEMBER OF GREYSTON HEALTH SERVICES AT THE ANNUAL MEETING OF THE SOLE MEMBER. EACH DIRECTOR SO ELECTED SHALL HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF THE SOLE MEMBER AND UNTIL HIS OR HER SUCCESSOR IS DULY ELECTED AND QUALIFIED, OR UNTIL HIS OR HER EARLIER RESIGNATION OR REMOVAL. VACANCIES AND NEWLY CREATED DIRECTORSHIPS ARISING AT ANY TIME AND RESULTING FROM ANY CAUSE MAY BE FILLED BY THE SOLE MEMBER, AND THE DIRECTORS SO CHOSEN SHALL HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF THE SOLE MEMBER AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFIED OR UNTIL THEIR RESIGNATION OR REMOVAL. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER SHALL HAVE THE EXCLUSIVE POWER TO AMEND THE CORPORATION'S CERTIFICATE OF INCORPORATION AND BY-LAWS AT ANY MEETING OF THE SOLE MEMBER FOR WHICH WRITTEN NOTICE OF THE PROPOSED AMENDMENT HAD BEEN GIVEN. THE BOARD OF DIRECTORS OF THE CORPORATION MAY PROPOSE AMENDMENTS TO THE BY-LAWS AND THE CERTIFICATE OF INCORPORATION FOR CONSIDERATION BY THE SOLE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WAS PROVIDED A COPY OF THE RETURN TO REVIEW AFTER THE RETURN WAS FILED. 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. GREYSTON FOUNDATION INC 21 PARK AVENUE YONKERS NY 10703 133717310 SUPPORT LOW-INCOME FAMILIES AND INDIVIDUALS NY 501(C)(3) LINE 7 N/A 0 23 PARK AVENUE LIMITED PARTNERSHIP 21 PARK AVENUE YONKERS NY 10570 133895618 LOW-INCOME HOUSING NY 23 PARK AVENUE INC RELATED 0 0 104 ASHBURTON HOLDING CORPORATION 21 PARK AVENUE YONKERS NY 10703 300007791 HOLDING COMPANY NY GREYSTON FOUNDATION INC C 0 104 ASHBURTON PROPERTY CORPORATION 21 PARK AVENUE YONKERS NY 10703 300007785 REAL ESTATE NY 104 ASHBURTON HOLDING CORPORATION C 0 GREYSTON BAKERY INC 104 ALEXANDER STREET YONKERS NY 10703 133456330 WHOLESALE BAKERY NY 104 ASHBURTON HOLDING CORPORATION C 0 23 PARK AVENUE INC 21 PARK AVENUE YONKERS NY 10570 133895615 GENERAL PARTNER IN 23 PARK AVENUE LIMITED PARTNERSHIP, INC. NY GREYSTON HEALTH SERVICES INC C 208010 3718433 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0