2023-11-15T20:28:07-06:00 2022-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2022-01-01 203853610 RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION REST 2125848981 150 BROADWAY SUITE 2101 NEW YORK NY 10038 MR SALVATORE D'AVOLA ASSISTANT SECRETARY 2125848981 2023-11-14 1 MR SALVATORE DAVOLA 999009999 0 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2023-11-14 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z MR SALVATORE D'AVOLA 150 BROADWAY SUITE 2101 NEW YORK NY 10038 1221445 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. 7 7 0 8 0 0 83750 550000 358645 588574 29865 82871 0 0 472260 1221445 0 500000 0 0 432911 0 0 0 0 161660 834533 594571 1334533 -122311 -113088 19539526 18974158 21803092 21350812 -2263566 -2376654 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 929835 500000 588574 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. 929835 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 BRIAN SEGEL PRESIDENT 1.00 3.00 X X 0 0 0 CHRISTLE PEALE DIRECTOR 1.00 2.00 X 0 0 0 JANE SILVERMAN DIRECTOR 1.00 2.00 X 0 0 0 JESSICA YAGER OUTGOING DIRECTOR 1.00 1.00 X 0 0 0 KIMBERLY DARGA DIRECTOR 1.00 3.00 X 0 0 0 LYDIA TOM SECRETARY 1.00 6.00 X X 0 0 0 NICOLAS LEMBO VICE PRESIDENT 1.00 2.00 X X 0 0 0 VALERIE WHITE TREASURER 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 247449 23426 0 247449 23426 0 0 1 0 0 550000 550000 CONSULTING FEE 900099 543241 543241 MARKETING FEE 900099 45333 45333 588574 82871 82871 1221445 588574 0 82871 X 500000 500000 339319 315736 23583 4650 4650 36245 36245 6740 6740 334697 7992 326705 7137 6641 496 55495 51638 3857 15397 15397 16627 15472 1155 EQUIPMENT RENTAL AND RE 18158 16896 1262 LICENSES AND FEES 68 63 5 1334533 929835 404698 0 1055386 1179848 12740398 12311377 1042 5738076 5447440 4793 3486 43788 43788 0 0 873 30965 19539526 18974158 882963 45535 20920129 20920129 0 385148 21803092 21350812 X -5880236 -5851979 3616670 3475325 -2263566 -2376654 19539526 18974158 -113088 0 X 0 1 X 1 0 X X 2 ENTERPRISE COMMUNITY PARTNERS INC 521231931 10 1 0 0 LOCAL INITIATIVES SUPPORT ORGANISATION 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 6740 0 0 6740 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 385148 385148 X 1254740 33295 33295 1221445 0 1221445 1730767 396234 396234 1334533 0 1334533 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, 2022, 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, 2019. THE TAX RETURNS FOR THE YEARS ENDED DECEMBER 31, 2019 THROUGH DECEMBER 31, 2022 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, 2022, 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 33,295. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 396,234. 0 HABITAT FOR HUMANITY NYC FUND INC 111 JOHN ST SUITE 770 NEW YORK NY 10038 384028626 501C3 500000 0 AFFORDABLE HOUSING 1 0 0 0 0 0 0 0 0 0 SALVATORE D'AVOLA ASSISTANT SECRETARY 0 246825 0 0 0 624 0 8943 0 14483 0 270875 0 0 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 AND COUNSEL, AT WHICH TIME IT IS CONSIDERED THE FINAL DRAFT. THE FINAL DRAFT OF THE FORM 990 IS AMDE AVAILABLE TO THE BOARD PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DISCLOSURE IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY BY EMPLOYEES AND BOARD MEMBERS THAT SATISFY THE CRITERIA TO BE CONSIDERED "INTERESTED PERSONS" IS SUBMITTED UPON HIRING AND ANNUALLY THEREAFTER. THE AUDIT AND COMPLIANCE COMMITTEE REVIEWS THE SUBMISSIONS FOR CONFLICTS AND THE OFFICE OF THE COMPLAINCE OFFICER MANAGES THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 7,992. MANAGEMENT AND GENERAL EXPENSES 326,705. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 334,697. OPP LLC 150 BROADWAY SUITE 2101 NEW YORK NY 10038 RE DEVLOP NY 0 323657 RH RESTORED HOMES DEVELOPMENT LLC 150 BROADWAY SUITE 2101 NEW YORK NY 10038 RE DEVLOP NY 63522 7074973 RH ENTERPRISE COMMUNITY PARTNERS INC 11000 BROKEN LAND PARKWAY 700 COLUMBIA MD 21044 521231931 AFF. 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