2024-10-30T10:13:29-05:00 2023-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2023-01-01 264577399 RESTORING URBAN NEIGHBORHOODS LLC REST 2125848981 150 BROADWAY 2101 NEW YORK NY 10038 MR SALVATORE D'AVOLA ASSISTANT SECRETARY 2125848981 2024-10-29 1 1 LAURA KIELCZEWSKI P00740769 9732283500 2024-10-29 2023 2024-10-15 13:58:12Z MR SALVATORE D'AVOLA 150 BROADWAY 2101 NEW YORK NY 10038 4271158 0 X WWW.NEIGHBORHOODRESTORE.ORG X 2009 DE 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. 9 9 0 12 0 0 0 565600 0 0 33295 -616292 0 0 33295 -50692 0 347500 0 0 0 0 0 0 0 396234 448885 396234 796385 -362939 -847077 20169682 19525581 22286103 22489079 -2116421 -2963498 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 682301 347500 0 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. DURING THE YEAR, THE ORGANIZATION CONTINUED THE REHABILITATION OF 19 HOMES FOR SALE TO INCOME QUALIFIED FIRST-TIME HOMEBUYERS. 682301 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 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 2101 NEW YORK NY 10038 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 3.00 X 0 0 0 KIMBERLY DARGA OUTGOING DIRECTOR 1.00 3.00 X 0 0 0 LYDIA TOM OUTGOING SECRETARY 1.00 6.00 X X 0 0 0 NICHOLAS LEMBO VICE PRESIDENT 1.00 2.00 X X 0 0 0 VALERIE WHITE OUTGOING TREASURER 1.00 6.00 X X 0 0 0 VICTORIA BARRECA SECRETARY 1.00 6.00 X X 0 0 0 ARTURO SUAREZ TREASURER 1.00 6.00 X X 0 0 0 TONYA ORES DIRECTOR 1.00 X 0 0 0 ANNETTA SEECHARRAN DIRECTOR 1.00 X 0 0 0 XIOMARA PEDRAZA DIRECTOR 1.00 2.00 X 0 0 0 RICHARD PINNER ASSISTANT SECRETARY 1.00 6.00 X 0 0 0 SALVATORE D'AVOLA ASSISTANT SECRETARY 4.00 36.00 X 0 264329 25032 0 264329 25032 0 0 1 0 0 218100 347500 565600 143463 143463 3562095 4321850 -759755 -759755 -759755 -50692 -759755 0 143463 347500 347500 286506 235279 51227 2400 2400 28973 28973 5212 5212 15495 15495 2678 2199 479 34300 28167 6133 32 32 16284 13372 2912 PROGRAM COSTS 50000 50000 EQUIPMENT RENTAL AND RE 6073 4987 1086 LICENSES AND FEES 932 765 167 796385 682301 114084 0 1456201 1287634 8993477 8493740 3486 947900 15304 1132598 932596 8583920 8811611 20169682 19525581 1788656 919491 16634376 17381593 3863071 4187995 22286103 22489079 X -2116421 -2963498 -2116421 -2963498 20169682 19525581 -847077 0 X 0 1 X 1 0 X 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 5212 0 0 5212 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. 932596 932596 15304 15304 0 932596 CAPITALIZED DEVELOPMENT COSTS 8765570 PAYABLE TO RESTORED HOMES 46041 8811611 RESERVES 3277017 DUE TO NEIGHBORHOOD RESTORE 910978 4187995 X 1341066 1391758 1391758 -50692 0 -50692 1847893 1051508 1051508 796385 0 796385 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, 2023, 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, 2020. THE TAX RETURNS FOR THE YEARS ENDED DECEMBER 31, 2020 THROUGH DECEMBER 31, 2023 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, 2023, 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 1,391,758. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 1,051,508. 0 HOMEBUYER SUBSIDY 6 347500 0 0 0 0 0 0 0 0 0 SALVATORE D'AVOLA ASSISTANT SECRETARY 0 264238 0 0 0 91 0 9880 0 15152 0 289361 0 0 FORM 990, PART VI, SECTION B, LINE 11B COPY OF FORM 990 IS PROVIDED TO THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C YES, BY FOLLOWING PROCEDURES OUTLINED IN THE POLICY STATEMENT. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. ENTERPRISE COMMUNITY PARTNERS INC 11000 BROKEN LAND PARKWAY 700 COLUMBIA MD 21044 521231931 AFF. HOUSING MD 501(C)(3) LINE 10 N/A 0 LOCAL INITIATIVES SUPPORT CORP 28 LIBERTY STREET 34TH FLOOR NEW YORK NY 10005 133030229 COMMUNITY DEVELOPMENT NY 501(C)(3) LINE 7 N/A 0 NEIGHBORHOOD RENEWAL HDFC 150 BROADWAY SUITE 2101 NEW YORK NY 10038 833652635 RE DEVELOP NY 501(C)(3) LINE 12A, I N/A 0 NEIGHBORHOOD RESTORE HDFC 150 BROADWAY SUITE 2101 NEW YORK NY 10038 113498425 RE DEVELOP NY 501(C)(3) LINE 12A, I N/A 0 PRESERVING CITY NEIGHBORHOODS HDFC 150 BROADWAY SUITE 2101 NEW YORK NY 10038 274688153 RE DEVELOP NY 501(C)(3) LINE 12A, I N/A 0 PROJECT REBUILD INC 150 BROADWAY SUITE 2101 NEW YORK NY 10038 464340949 RE DEVELOP NY 501(C)(3) LINE 12A, I N/A 0 RESTORED HOMES HDFC 150 BROADWAY SUITE 2101 NEW YORK NY 10038 203853610 RE DEVELOP NY 501(C)(3) LINE 12A, I N/A 0 RESTORING COMMUNITIES HDFC 150 BROADWAY SUITE 2101 NEW YORK NY 10038 454252738 RE DEVELOP NY 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0