2025-01-14T12:41:47-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-01-01 112229635 THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING & COMMUNITY DEVELOPMENT INC PARO 2124319700 121 SIXTH AVE NEW YORK NY 10013 THOMASINA WHITE EXECUTIVE DIRECTOR 2124319700 2025-01-14 1 1 JOSEPH CONNOLLY P01959750 9143818900 2025-01-14 2023 2024-10-15 13:58:12Z THOMASINA WHITE 121 SIXTH AVE NEW YORK NY 10013 1009024 0 X WWW.PARODNECKFOUNDATION.ORG X 1970 NY TO PROVIDE DIRECT FINANCIAL AND TECHNICAL ASSISTANCE TO LOW INCOME SENIOR CITIZEN HOMEOWNERS, LOW INCOME TENANTS, AND COMMUNITY DEVELOPMENT EFFORTS IN THE CITY OF NEW YORK. THIS IS ACCOMPLISHED THROUGH THE PROVISIONS OF NO AND LOW INTEREST AND FORGIVABLE LOANS, THE ADMINISTRATION OF GOVERNMENT LOAN FUNDS FOR QUALIFIED LOW INCOME INDIVIDUALS AND GROUPS, TECHNICAL ASSISTANCE TO NEIGHBORHOOD PRESERVATION AND DEVELOPMENT EFFORTS, AND COUNSELING IN THE AREAS OF PREDATORY LENDING REMEDIATION, FORECLOSURE PREVENTION, AND LOSS MITIGATION. 4 3 9 4 0 0 502231 437810 524774 503420 63984 60672 7891 7122 1098880 1009024 0 0 0 0 662235 695904 0 0 0 430700 372048 1092935 1067952 5945 -58928 14505679 14833193 10950450 11066160 3555229 3767033 X TO PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE TO SELF-HELP HOUSING AND COMMUNITY DEVELOPMENT EFFORTS THROUGHOUT NEW YORK CITY. THE FOUNDATION PURSUES THIS MISSION THROUGH A NUMBER OF PROGRAM INITIATIVES, SUBSTANTIALLY ALL INVOLVING THE PROVISION OF SHORT-TERM AND LONG-TERM FINANCING. 0 0 546780 0 502940 CATCH MANAGEMENT PROGRAMCOMMUNITY ASSISTED TENANT CONTROLLED HOUSING (CATCH), INC. ("CATCH") IS A SEPARATE ORGANIZATION FOR WHICH THE FOUNDATION PROVIDES FISCAL AND ADMINISTRATIVE SERVICES. CATCH OPERATES IN THE BRONX, BROOKLYN AND MANHATTAN AND HAS DEVELOPED OVER 900 UNITS OF AFFORDABLE HOUSING. 264776 0 480 SCHAP - SENIOR CITIZEN HOMEOWNER ASSISTANCE PROGRAMTHE PARODNECK FOUNDATION'S SENIOR CITIZEN HOMEOWNER ASSISTANCE PROGRAM (SCHAP) PROVIDES FINANCIAL ASSISTANCE TO SENIOR CITIZEN HOMEOWNERS WHO ARE LIVING IN PHYSICALLY DETERIORATED HOUSING. THE PROGRAM, WHICH HAS BEEN IN OPERATION SINCE 1986, PROVIDES NO- AND LOW-INTEREST LOANS AND EXTENSIVE TECHNICAL ASSISTANCE TO QUALIFIED HOMEOWNERS WITH AN EMPHASIS ON SENIOR CITIZENS. THIS SUPPORT ENABLES SENIORS/HOMEOWNERS TO RETAIN THEIR HOMES AND IMPROVE THEIR LIVING CONDITIONS, THEREBY HELPING THEM AVOID FINANCIAL INSOLVENCY, DISPLACEMENT, AND/OR LOSS OF INDEPENDENCE. 811556 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X THOMASINA WHITE 2124319490 121 SIXTH AVE NEW YORK NY 10013 HAROLD DERIENZO GEN COUNSEL DIR. OF COMPLIANCE, ASST. TREASURER 15.00 1.00 X X 84778 0 4358 IRMA RODRIGUEZ CHAIRPERSON 5.00 5.00 X X 0 0 0 GREG CARLSON BOARD MEMBER (THRU JAN 2023) 5.00 5.00 X 0 0 0 WILLIAM HILTON BOARD MEMBER 5.00 5.00 X 0 0 0 RICK ROBERTO BOARD MEMBER 5.00 5.00 X 0 0 0 KENNETH WRAY EXECUTIVE DIRECTOR (THRU SEP 2023) 32.00 16.00 X 111774 0 5069 THOMASINA WHITE SCHAP DIR- ECTOR, INTERIM ED (AS OF SEP 2023) 30.00 16.00 X 104170 0 18503 300722 0 27930 2 0 0 0 0 427810 10000 437810 CATCH ADMIN FEES 561000 502940 502940 PRI - INTEREST 561000 480 480 503420 60672 60672 MISCELLANEOUS INCOME 900099 7122 7122 7122 1009024 503420 0 67794 328652 292431 36221 260216 218438 41778 9540 8193 1347 50110 41844 8266 47386 41139 6247 4760 4760 61704 32030 29674 11916 11916 29786 29786 108107 69289 38818 9920 6448 3472 7776 3732 4044 6242 6242 22743 22743 44975 37779 7196 REPAIRS & MAINTENANCE 36210 18105 18105 MISCELLANEOUS 25848 25848 BACK CHARGES 2061 1340 721 1067952 811556 256396 0 1216809 1464638 71600 35136 57747 88733 1239360 994231 252715 245129 2419807 1423033 9594207 9736146 892794 1840378 14505679 14833193 2341 88434 10748109 10777726 200000 200000 10950450 11066160 X 3334939 3546743 220290 220290 3555229 3767033 14505679 14833193 -58928 270732 0 X X 0 1 X 1 0 X 347901 337599 384407 502231 437810 2009948 349303 302290 193633 524774 503420 1873420 697204 639889 578040 1027005 941230 3883368 0 321751 294789 186813 485436 492850 1781639 321751 294789 186813 485436 492850 1781639 2101729 56380 77206 103936 63984 60672 362178 56380 77206 103936 63984 60672 362178 50 7891 7122 15063 753584 717095 682026 1098880 1009024 4260609 0.49330 0.49070 0.08500 0.10720 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER OPERATING INCOME - 2021 AMOUNT: $ 50. 2022 AMOUNT: $ 7,891. 2023 AMOUNT: $ 7,122. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1025170 791592 233578 214190 202639 11551 245129 SCHAP/AHC PROGRAM INVESTMENT 9736146 F 9736146 DUE FROM CATCH 1596541 DUE FROM AFFILIATES 243837 1840378 RESTRICTED FUND PAYABLE 200000 200000 X 1267840 270732 270732 997108 11916 11916 1009024 1056036 0 1056036 11916 11916 1067952 PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON DESIRING TO BECOME A MEMBER OF THE CORPORATION MAY BE PROPOSED AS SUCH AT ANY MEETING OF THE BOARD OF DIRECTORS AND IF APPROVED BY A VOTE OF MAJORITY OF THE DIRECTORS PRESENT SHALL BE ELECTED TO MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS SHALL BE ENTITLED TO VOTE FOR THE ELECTION OF DIRECTORS AT ANNUAL MEETINGS OF SPECIAL MEETINGS, VOTE ON MATTERS WITHIN THE PURVIEW OF MEMBERS STATED IN THE BY-LAWS OR IN THE CERTIFICATE OF INCORPORATION, VOTE TO AMEND BY-LAWS, AND SHALL, AT EVERY MEETING, HAVE AN OPPORTUNITY TO HEAR REPORTS FROM THE CORPORATIONS EXECUTIVE DIRECTOR, TREASURER, AND SECRETARY AND HAVE AN OPPORTUNITY TO BE HEARD ON THESE MATTERS. FORM 990, PART VI, SECTION B, LINE 11B THE PARODNECK FOUNDATION FOR SELF HELP HOUSING 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 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 POLICY IS DESIGNED TO ENCOURAGE AND ENSURE OPEN COMMUNICATION AND TRANSPARENCY BETWEEN INDIVIDUAL BOARD MEMBERS AND THE ORGANIZATION WHEN POTENTIAL CONFLICTS OF INTEREST MAY ARISE. NO POLICY CAN ANTICIPATE PERFECTLY EVERY POSSIBLE SITUATION THAT MAY ARISE DURING THE LIFE OF AN ORGANIZATION. AS SUCH, WHAT FOLLOWS IS THE BOARD'S BEST EFFORT TO IDENTIFY AND DESCRIBE FORESEEABLE AND HOPEFULLY AVOIDABLE SITUATIONS IN WHICH A CONFLICT OF INTEREST MAY ARISE. WHEN ANY CASE OF DOUBT ARISES, INDIVIDUALS AT ANY LEVEL ARE REQUIRED TO APPROACH THEIR RESPECTIVE MANAGER UP TO, AND INCLUDING, THE FOUNDATION EXECUTIVE DIRECTOR OR THE CHAIR OF THE BOARD OF DIRECTORS FOR DIRECTION. IF SUCH CASE OF DOUBT SHALL RELATE TO A MATTER INVOLVING THE EXECUTIVE DIRECTOR OR CHAIR OF THE BOARD OF DIRECTORS, A GROUP OF DIRECTORS DESIGNATED BY THE EXECUTIVE COMMITTEE OF THE BOARD SHALL PROVIDE A RECOMMENDED COURSE OF DIRECTION. BOARD MEMBERS ARE EXPECTED TO ADHERE TO IN THE CONDUCT OF THE BUSINESS OF THE PARODNECK FOUNDATION, EXERCISE OF THEIR RESPONSIBILITIES, THEIR PUBLIC TRUST, AND THE BEST INTERESTS OF THE FOUNDATION. BOARD MEMBERS SHOULD MAKE DECISIONS IN LIGHT OF THE RELEVANT PUBLIC INTEREST. THEY SHOULD NOT DO SO IN ORDER TO GAIN FINANCIAL OR OTHER MATERIAL BENEFITS FOR THEMSELVES, THEIR FAMILIES OR THEIR FRIENDS. MEMBERS MUST AVOID CONFLICT OF INTEREST WITH RESPECT TO THEIR RESPONSIBILITY. TO ENSURE OPENNESS, COMPETITIVE OPPORTUNITY, AND APPROPRIATE ACCESS TO SENSITIVE INFORMATION, THERE MUST BE NO SELF DEALING OR CONDUCT OF PRIVATE BUSINESS OR PERSONAL SERVICES BETWEEN ANY BOARD MEMBER AND THE AGENCY EXCEPT AS PROCEDURALLY CONTROLLED. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE CONDUCTS AN ANNUAL EVALUATION OF THE EXECUTIVE DIRECTOR AND REVIEWS COMPENSATION. THE COMPENSATION COMMITTEE MAKES A RECOMMENDATION TO THE FULL BOARD AND THE BOARD VOTES ON THE RECOMMENDATION. THE RECOMMENDATION APPROVAL IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING AND COMMUNITY DEVELOPMENT, INC. HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF ITS INDEPENDENT AUDITOR. THE POLICY FOR SELECTION AND OVERSIGHT OF THE INDEPENDENT AUDITORS HAS NOT CHANGED SINCE LAST YEAR. COMMUNITY ASSISTED TENANT CONTROLLED HOUSING 121 SIXTH AVENUE NEW YORK NY 10013 133706959 ASSIST UNDERPRIVILEGED RESIDENTS OBTAIN HOUSING NY 501(C)(3) LINE 12B, II N/A 0 CENTRAL HARLEM MUTUAL HOUSING LP C/O 121 SIXTH AVE NEW YORK NY 10013 134162753 AFFORDABLE HOUSING NY CENTRAL HARLEM NHP II RELATED 0 0 CENTRAL HARLEM BRADHURST LP C/O 121 SIXTH AVE NEW YORK NY 10013 421639514 AFFORDABLE HOUSING NY CENTRAL HARLEM NHP II RELATED 0 0 BALFOUR COURT LP C/O 121 SIXTH AVE NEW YORK NY 10013 113277001 AFFORDABLE HOUSING NY STERLING PLACE CORPORATION RELATED 0 0 LOGAN GARDENS LP C/O 121 SIXTH AVE NEW YORK NY 10013 133522479 AFFORDABLE HOUSING NY LOGAN GARDENS DEVELOPMENT CORP RELATED 0 0 HIGHBRIDGE CATCH LP C/O 121 SIXTH AVE NEW YORK NY 10013 260029310 AFFORDABLE HOUSING NY HIGHBRIDGE CATCH DEVELOPMENT CORP RELATED 0 0 BUSHWICK CATCH HDFC C/O 121 SIXTH AVE NEW YORK NY 10013 264215483 AFFORDABLE HOUSING NY COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC C 0 CENTRAL HARLEM 203K HDFC C/O 121 SIXTH AVE NEW YORK NY 10013 300306261 AFFORDABLE HOUSING NY COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC C 0 CENTRAL HARLEM BRADHURST CORP C/O 121 SIXTH AVE NEW YORK NY 10013 421639514 AFFORDABLE HOUSING NY COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC C 0 CENTRAL HARLEM NHP HOUSING DEVELOPMENT FUND COMPANY INC C/O 121 SIXTH AVE NEW YORK NY 10013 562561499 AFFORDABLE HOUSING NY COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC C 0 CENTRAL HARLEM NHP II HOUSING DEVELOPMENT FUND COMPANY INC C/O 121 SIXTH AVE NEW YORK NY 10013 208955223 AFFORDABLE HOUSING NY COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC C 0 HIGHBRIDGE CATCH DEVELOPMENT CORP C/O 121 SIXTH AVE NEW YORK NY 10013 030460958 AFFORDABLE HOUSING NY COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC C 0 JEFFERSON CATCH HOUSING DEVELOPMENT FUND COMPANY INC C/O 121 SIXTH AVE NEW YORK NY 10013 273616970 AFFORDABLE HOUSING NY COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC C 0 LOGAN GARDENS DEVELOPMENT CORPORATION C/O 121 SIXTH AVE NEW YORK NY 10013 331118218 AFFORDABLE HOUSING NY COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC C 0 TOPPING AVENUE CATCH HDFC C/O 121 SIXTH AVE NEW YORK NY 10013 223933778 AFFORDABLE HOUSING NY COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC C 0 CENTRAL HARLEM MHA INC C/O 121 SIXTH AVE NEW YORK NY 10013 134139378 AFFORDABLE HOUSING NY COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC C 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0