2025-10-16T11:28:15-05:00 2024-12-31 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2024-01-01 132947394 ST MARGARET'S HOUSE HOUSING DEVELOPMENT FUND CORPORATION STMA 2127668122 49 FULTON STREET NEW YORK NY 10038 SUSAN HINKSON-CARLIN PRESIDENT 2127668122 2025-10-15 1 1 KAREN LO P01434915 2123721000 2025-10-15 2024 2025-03-06 01:10:19Z SUSAN HINKSON-CARLING 49 FULTON STREET NEW YORK NY 10038 22978492 0 X SMHNYC.ORG X 1977 NY PROVIDES HOUSING SERVICES TO LOW INCOME OLDER ADULTS AND DISABLED PERSONS WITH MOBILITY IMPAIRMENTS. 17 17 12 25 0 0 8846 2075 11090302 11571519 391995 572507 0 7432 11491143 12153533 55655649 0 0 0 1245848 1265109 0 0 0 8393529 9368651 65295026 10633760 -53803883 1519773 31065524 32145578 64408613 63844249 -33343089 -31698671 X ST. MARGARET'S HOUSE HOUSING DEVELOPMENT FUND CORPORATION (SMH) PROVIDES HOUSING FOR LOW-INCOME OLDER ADULTS AND MOBILITY IMPAIRED DISABLED PERSONS. OUR FACILITY CONSISTS OF A TWENTY STORY RESIDENTIAL BUILDING WITH 251 APARTMENTS, ALONG WITH TWO WINGS FOR TENANT/COMMUNITY EVENTS AND PROGRAMS. SMH TAKES PRIDE IN BEING AN ACTIVE AND POSITIVE COMMUNITY LEADER, SERVING AS A ROLE MODEL THAT BENEFITS OUR RESIDENTS, STAFF, AND THE BROADER COMMUNITY. THE HIGHLIGHTS OF OUR ACTIVITIES INCLUDE EDUCATIONAL EVENTS, RECREATION ACTIVITIES, BEING A GOOD NEIGHBOR BY BEING A COMMUNITY DESTINATION, AND HOSTING CULTURAL CELEBRATIONS. IN THE PAST YEAR, SMH CONTINUED TO MAKE A POSITIVE AND SIGNIFICANT IMPACT ON THE TENTANTS AND THE WIDER COMMUNITY WHILE MAINTAINING A STRONG FINANCIAL POSITION. 0 0 9502776 11571519 THE ORGANIZATION OPERATES LOW INCOME HOUSING FOR OLDER ADULTS AND DISABLED PERSONS WITH MOBILITIY IMPAIRMENTS UNDER THE U.S. DEPARTMENRT OF HOUSING AND URBAN DVELOPMENT SECTION 8 PROGRAM. DURING 2024, SMH PROVIDED HOUSING TO APPROXIMATELY 330 TENANTS. 9502776 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 18 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 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 PATRICIA GRAUE BOARD MEMBER 1.00 1.00 X 0 0 0 TIM F WRAY BOARD MEMBER (UNTIL 4/2/24) 1.00 1.00 X 0 0 0 SHARON HARDY BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID HUMPHREVILLE BOARD MEMBER (UNTIL 4/2/24) 1.00 1.00 X 0 0 0 CHRISTIAN B HYLTON BOARD MEMBER (UNTIL 4/2/24) 1.00 1.00 X 0 0 0 SUSAN K JANSEN BOARD MEMBER 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 1.00 1.00 X 0 0 0 T DENNIS SULLIVAN BOARD MEMBER 1.00 1.00 X 0 0 0 GABRIELLE SULZBERGER BOARD MEMBER (UNTIL 4/2/24) 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 WILLIAM WRIGHT II BOARD MEMBER 1.00 1.00 X 0 0 0 SUSAN H HEWITT PRESIDENT (UNTIL 4/2/24) 1.00 1.00 X X 0 0 0 MATTHEW KNISELY PRES FROM 4/10/24) VP/SEC,TREAS (UNTIL 4/9/24) 1.00 1.00 X X 0 0 0 SUSAN HINKSON-CARLING VP & TREASURER (FROM 4/10/24) 1.00 1.00 X X 0 0 0 CLAIRE GUERETTE EXECUTIVE DIRECTOR 40.00 0.00 X 199632 0 53469 EZRA EBANKS CONTROLLER 40.00 0.00 X 118137 0 25590 317769 0 79059 2 0 1 0 CANIDO BASONAS CONSTRUCTION SERVICES L 314- 48TH STREET BROOKLYN NY 11220 ROOF REPLACEMENT 498629 MAC REMODELING & CONSTRUCTION CORP 1005 EDGEWOOD LANE FORT LEE NJ 07024 BUILDING IMPROVEMENTS 473175 PAR PLUMBING COMPANY INC 60 NORTH PROSPECT AVE LYNBROOK NY 11563 VALVE INSTALLATION 334783 PARK AVENUE SECURITY EAST 45-15 162ND STREET SUITE 202 FLUSHING NY 11358 SECURITY SERVICES 307948 SAGE BUILDERS CORP 7 WEST 36 STREET NEW YORK NY 10018 SPACE RECONFIGURATION 254547 8 2075 2075 RENTAL REVENUE 531110 11571519 11571519 11571519 552091 552091 10845375 10824959 20416 20416 20416 LAUNDRY/TENANT ASSISTANCE 900099 7432 7432 7432 12153533 11571519 0 579939 401313 401313 300 300 575637 495905 79732 48522 39819 8703 172370 139413 32957 66967 37777 29190 4420 4420 11495 11495 623727 574974 48753 56438 24398 32040 6949166 6602672 346494 15555 5941 9614 861556 820991 40565 200766 140536 60230 BUILDING MAINTENANCE 473235 473235 STAFF APARTMENTS RENT 120840 120840 DUES & MEMBERSHIP 10496 330 10166 VIOLATION FEES 844 844 40113 24801 15312 10633760 9502776 1130984 0 671974 1203129 5435325 9941825 35540 5007 1236694 1279633 38708492 22493744 15125668 16214748 1024360 1159978 7535963 2341258 31065524 32145578 772083 851897 350 3957 77417 77972 63558763 62910423 64408613 63844249 X -34367449 -32858672 1024360 1160001 -33343089 -31698671 31065524 32145578 1519773 124645 0 X 0 1 X 1 1 1 X 2700 22731 11880 8846 2075 48232 9955040 9720952 10232279 11090302 11571519 52570092 9957740 9743683 10244159 11099148 11573594 52618324 0 0 0 52618324 86550 71552 81665 391995 552091 1183853 86550 71552 81665 391995 552091 1183853 8914 7432 16346 10053204 9815235 10325824 11491143 12133117 53818523 0.97770 0.98400 0.02200 0.01520 X 0 1 X 1024360 183687 48046 1160001 823463 200897 1024360 1034931 -211468 823463 941972 133001 40042 1034931 789993 151979 941972 1.00000 0.00000 0.00000 0 0 782050 782050 34690593 20663182 14027411 2182196 1830562 351634 1053653 1053653 16214748 TENANT DEPOSITS HELD IN TRUST 77972 RESTRICTED CASH 2263286 2341258 X 12278178 124645 124645 12153533 0 12153533 10633760 0 10633760 0 10633760 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, 2024 AND 2023. 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. 1 X X X 0 0 0 0 0 0 0 0 0 CLAIRE GUERETTE EXECUTIVE DIRECTOR 198444 0 0 0 1188 0 20034 0 33435 0 253101 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 ALL MEMBERS OF THE BOARD FOR REVIEW AND APPROVAL. THE PRESIDENT OF THE BOARD SIGNS THE FORM. A COPY OF THE ORGANIZATION'S FINAL FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY. 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 EXECUTIVE COMMITTEE AND THE CHAIR OF THE BOARD. THIS PROCESS WAS LAST COMPLETED IN FEBRUARY 2025 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0