2026-09-01T13:34:10-05:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-01-01 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 2026-08-28 1 1 JOSEPH CONNOLLY P01959750 9143818900 2026-08-27 2024 X THOMASINA WHITE 121 SIXTH AVE NEW YORK NY 10013 1149525 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. 6 5 13 5 0 0 437810 467943 503420 620686 60672 53497 7122 7399 1009024 1149525 0 0 0 0 695904 718035 0 0 0 372048 434054 1067952 1152089 -58928 -2564 14833193 16678045 11066160 12540237 3767033 4137808 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 633279 0 620196 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. 255366 0 490 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. 888645 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 1 1 0 1 1 0 0 0 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. TREAS./SEC. 15.00 1.00 X X 83795 0 5652 IRMA RODRIGUEZ CHAIRPERSON 5.00 5.00 X X 0 0 0 DWAYNE JONES SECRETARY 5.00 5.00 X 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 TRACEY WRIGHT BOARD MEMBER 5.00 5.00 X 0 0 0 THOMASINA WHITE EXECUTIVE DIRECTOR 30.00 16.00 X 131792 0 23609 215587 0 29261 1 0 1 0 0 455443 12500 467943 CATCH ADMIN FEES 561000 620196 620196 PRI - INTEREST 561000 490 490 620686 53497 53497 MISCELLANEOUS INCOME 900099 7399 7399 7399 1149525 620686 0 60896 244848 213768 31080 365414 303186 62228 1398 988 410 57945 48551 9394 48430 40239 8191 16180 11326 4854 21700 15190 6510 10269 10269 105490 84392 21098 127322 89120 38202 15943 11160 4783 178 89 89 23254 4650 18604 44508 40058 4450 BAD DEBT 44606 8922 35684 REPAIRS & MAINTENANCE 19473 13631 5842 BACK CHARGES 4051 2835 1216 MISCELLANEOUS 1080 540 540 1152089 888645 263444 0 1464638 1735257 35136 55430 88733 157622 0 1406 1247228 1017485 245129 229743 1423033 1023751 9736146 11198668 1840378 2276168 14833193 16678045 88434 58576 10777726 12281661 200000 200000 11066160 12540237 X 3546743 3917518 220290 220290 3767033 4137808 14833193 16678045 X -2564 127820 245519 X 0 1 X 1 0 X 337599 384407 502231 437810 467943 2129990 302290 193633 524774 503420 620686 2144803 639889 578040 1027005 941230 1088629 4274793 0 294789 186813 485436 492850 608701 2068589 294789 186813 485436 492850 608701 2068589 2206204 77206 103936 63984 60672 53497 359295 77206 103936 63984 60672 53497 359295 50 7891 7122 7399 22462 717095 682026 1098880 1009024 1149525 4656550 0.47380 0.49330 0.07720 0.08500 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. 2024 AMOUNT: $ 7,399. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1025170 810308 214862 222058 207177 14881 229743 SCHAP/AHC PROGRAM INVESTMENT 11198668 F 11198668 DUE FROM CATCH 1879575 DUE FROM AFFILIATES 396593 2276168 RESTRICTED FUND PAYABLE 200000 200000 X 1512595 127820 245519 373339 1139256 10269 10269 1149525 1141820 0 1141820 10269 10269 1152089 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, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT RECOVERY 245,519. 0 0 0 0 0 0 0 0 0 THOMASINA WHITE EXECUTIVE DIRECTOR 131459 0 0 0 333 0 2678 0 20931 0 155401 0 0 0 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 A REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. THE AMENDED FORM 990 IS REVIEWED BY MANAGEMENT AND THEN ELECTRONICALLY SENT TO THE BOARD MEMBERS FOR REVIEW PRIOR TO FILING. AFTER MANAGEMENT AND BOARD REVIEW, THE AMENDED FORM 990 IS FILED ELECTRONICALLY WITH THE INTERNAL REVENUE SERVICE. 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 XI, LINE 9: BAD DEBT RECOVERY 245,519. FORM 990, AMENDED RETURN, REASON FOR AMENDMENT: THE FORM 990 WAS AMENDED TO CONFORM TO UPDATED FINANCIAL STATEMENTS THAT WERE COMPLETED AFTER THE ORIGINAL RETURN WAS PREPARED AND FILED. THE FOLLOWING FORM 990 PARTS AND SCHEDULES WERE AMENDED: - FORM 990, PART VIII REVENUE: REVENUE WAS UPDATED, INCLUDING AN INCREASE IN GOVERNMENT GRANTS. PROGRAM SERVICE REVENUE, INVESTMENT INCOME, AND OTHER REVENUE WERE ALSO REVIEWED AND UPDATED. - FORM 990, PART III PROGRAM SERVICE ACCOMPLISHMENTS: PROGRAM SERVICE EXPENSES AND RELATED REVENUE AMOUNTS WERE UPDATED FOR THE ORGANIZATION'S MAJOR PROGRAMS. - FORM 990, PART IX FUNCTIONAL EXPENSES: FUNCTIONAL EXPENSE CLASSIFICATIONS WERE UPDATED, INCLUDING CHANGES TO PROGRAM SERVICE AND MANAGEMENT AND GENERAL EXPENSES. - FORM 990, PART X BALANCE SHEET: ASSET, LIABILITY, AND NET ASSET BALANCES WERE UPDATED TO AGREE WITH THE UPDATED FINANCIAL STATEMENTS. - FORM 990, PART XI RECONCILIATION OF NET ASSETS: THE RECONCILIATION OF NET ASSETS WAS UPDATED TO REFLECT THE REVISED REVENUE, EXPENSE, INVESTMENT, AND BALANCE SHEET AMOUNTS. - FORM 990, PART XII AND SCHEDULE D FINANCIAL STATEMENTS AND REPORTING: FINANCIAL STATEMENT REPORTING WAS UPDATED TO REFLECT THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS, AND THE RELATED SCHEDULE D RECONCILIATIONS WERE COMPLETED. - SCHEDULE A PUBLIC SUPPORT: PUBLIC SUPPORT CALCULATIONS WERE UPDATED BASED ON THE REVISED REVENUE AMOUNTS. - SCHEDULE B CONTRIBUTORS: CONTRIBUTOR INFORMATION WAS UPDATED TO REFLECT REVISED CONTRIBUTION AND GRANT AMOUNTS. - SCHEDULE D SUPPLEMENTAL FINANCIAL STATEMENTS: SCHEDULE D WAS UPDATED TO REFLECT REVISED BALANCE SHEET AMOUNTS, FINANCIAL STATEMENT RECONCILIATIONS, AND RELATED DISCLOSURES. 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