2025-10-09T23:05:30-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2024-01-01 203853610 RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION REST 2125848981 150 BROADWAY SUITE 2101 NEW YORK NY 10038 MR SALVATORE D'AVOLA ASSISTANT SECRETARY 2125848981 2025-10-06 1 1 LAURA KIELCZEWSKI P00740769 9732283500 2025-09-30 2024 2025-03-06 01:10:19Z MR SALVATORE D'AVOLA 150 BROADWAY SUITE 2101 NEW YORK NY 10038 1297050 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. 8 8 0 8 0 0 202500 210000 920516 679275 268742 407775 0 0 1391758 1297050 218100 0 0 0 0 0 0 0 0 833408 4339553 1051508 4339553 340250 -3042503 19083678 16158584 21120082 21237491 -2036404 -5078907 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 3794975 679275 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. 3794975 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 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 NICOLAS LEMBO VICE PRESIDENT 1.00 2.00 X X 0 0 0 TONYA ORES DIRECTOR 1.00 2.00 X 0 0 0 VICTORIA ROWE BARRECA SECRETARY 1.00 6.00 X 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 274704 26421 0 274704 26421 0 0 1 0 0 210000 210000 CONSULTING FEE 900099 675475 675475 RH FEE INCOME 900099 3800 3800 679275 407775 407775 1297050 679275 0 407775 695862 413093 282769 10560 10560 134571 134571 10235 10235 48123 7992 40131 9917 5886 4031 98275 58340 39935 6888 4089 2799 27861 16540 11321 LOAN LOSS RESERVE 3277017 3277017 EQUIPMENT RENTAL AND RE 20194 11988 8206 LICENSES AND FEES 50 30 20 4339553 3794975 544578 0 1169251 937714 12466987 12866175 5447440 2170423 43788 43788 0 0 0 184272 19083678 16158584 42 58840 20920129 20920129 199911 258522 21120082 21237491 X -5413914 -8368190 3377510 3289283 -2036404 -5078907 19083678 16158584 -3042503 0 X 0 1 X 1 0 X X 2 ENTERPRISE COMMUNITY PARTNERS INC 521231931 10 1 0 0 LOCAL INITIATIVES SUPPORT CORPORATION 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 10235 0 0 10235 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 258522 258522 X 2115005 817955 817955 1297050 0 1297050 2085739 -2253814 -2253814 4339553 0 4339553 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, 2024, 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, 2021. THE TAX RETURNS FOR THE YEARS ENDED DECEMBER 31, 2021 THROUGH DECEMBER 31, 2024 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, 2024, 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 4,094,972. ELIMINATIONS -3,277,017. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 1,023,203. ELIMINATIONS -3,277,017. 0 0 0 0 0 0 0 0 0 SALVATORE D'AVOLA ASSISTANT SECRETARY 0 274704 0 0 0 0 0 10169 0 16252 0 301125 0 0 PART I, LINE 3 COMPENSATION IS DETERMNED BY NEIGHBORHOOD RESTORE HOUSING, A RELATED ORGANIZATION. 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. 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 THE CORPORATION FOLLOWS THE PROCEDURES OUTLINED IN THE CONFLICTS OF INTEREST POLICY STATEMENT. 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 334416 RH RESTORED HOMES DEVELOPMENT LLC 150 BROADWAY SUITE 2101 NEW YORK NY 10038 RE DEVLOP NY 0 7449588 RH ENTERPRISE COMMUNITY PARTNERS INC 11000 BROKEN LAND PARKWAY 700 COLUMBIA MD 21044 521231931 AFF. 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