2026-05-07T09:25:54-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-07-01 133587176 AHRC NYC NEW PROJECTS INC AHRC 2127802500 83 MAIDEN LANE NEW YORK NY 10038 AMY WEST EVP/CHIEF FINANCIAL OFFICER 2127802500 2026-05-09 1 0 SCOTT THOMPSETT P00741490 2125990100 2024 2025-03-06 01:10:19Z PATRICIA MURPHY 83 MAIDEN LANE NEW YORK NY 10038 8804006 0 X WWW.AHRCNYC.ORG X 1990 NY TO PROVIDE LIVING ACCOMMODATIONS FOR PEOPLE WITH INTELLECTUAL (CONT. ON SCHEDULE O) AND DEVELOPMENTAL DISABILITIES TO LEAD FULL AND EQUITABLE LIVES 3 3 0 0 -2863659 0 5175000 0 4479069 4477226 152999 1491699 -2705583 -2863659 7101485 3105266 0 0 0 0 0 0 0 0 0 4541750 4244589 4541750 4244589 2559735 -1139323 65976837 64023637 39404422 38072536 26572415 25951101 X TO ACQUIRE, OWN, LEASE, SELL, AND MAINTAIN PROPERTY (OR ANY IMPROVEMENTS) THAT PROVIDES CERTIFIED RESIDENTIAL FACILITIES AND LIVING ACCOMMODATIONS FOR PEOPLE WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES SUPPORTED BY NYSARC INC., NYC CHAPTER. THIS ENTITY HOLDS TITLE TO REAL PROPERTY AND MANAGES THEIR FINANCING, FOR THE BENEFIT OF NYSARC INC., NYC CHAPTER. 0 0 4117387 0 4477226 AHRC NYC NEW PROJECTS HOLDS TITLE TO REAL PROPERTY AND MANAGES THEIR FINANCING. ITS MISSION IS TO ACQUIRE, OWN, LEASE, SELL, AND MAINTAIN REAL PROPERTY OR ANY IMPROVEMENTS SUITABLE FOR THE ESTABLISHMENT AND OPERATION OF CERTIFIED RESIDENTIAL FACILITIES AND LIVING ACCOMMODATIONS FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO LEAD FULL AND EQUITABLE LIVES. 4117387 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 1 0 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 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X AMY WEST 2127802500 83 MAIDEN LANE NEW YORK NY 10038 X PATRICIA MURPHY PRESIDENT 0.40 1.80 X X 0 0 0 ANGELO APONTE VICE PRESIDENT 0.40 1.30 X X 0 0 0 STEPHEN BRODSKY ESQ TREASURER/SECRETARY 0.40 1.40 X X 0 0 0 MARCO DAMIANI CEO, NYSARC INC., NYC CHAP 0.50 52.50 X 0 664383 52255 AMY WEST EVP / CHIEF FINANCIAL OFFICER 0.50 52.50 X 0 405342 42133 0 1069725 94388 0 0 1 0 PRINCIPAL BUILDING SERVICES LLC 630 9TH AVENUE SUITE 1012 NEW YORK NY 10036 CLEANING SERVICES 373707 WATCH GUARD 247LLC 71-16 MYRTLE AVENUE GLENDALE NY 11385 SECURITY SERVICES 299300 HELMSLEY SPEAR LLC 444 MADISON AVENUE SUITE 300 NEW YORK NY 10022 MANAGEMENT SERVICES 116314 3 RENTAL INCOME 531110 4477226 4477226 4477226 210049 210049 2241820 5105479 -2863659 -2863659 -2863659 683723 1191188 593261 0 90462 1191188 1281650 1281650 3105266 4477226 -2863659 1491699 74909 33709 41200 18361 18361 1009048 1009048 558306 558306 2516244 2516244 67641 67641 WRITE-OFF INTEREST RECE 80 80 4244589 4117387 127202 0 188410 905467 5627799 9181114 9927 10859 2820365 2749882 105192445 63062764 45476899 42129681 11853437 9046634 65976837 64023637 201413 389572 18097242 16496011 459909 459909 20645858 20727044 39404422 38072536 X 26572415 25951101 26572415 25951101 65976837 64023637 -1139323 518009 0 X X 0 1 X 1 0 X X 1 NYSARC INC NYC CHAPTER 135596746 10 1 4244589 0 1 4244589 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 FORM 990, SCHEDULE A, PART I: AHRC NYC NEW PROJECTS' PRIMARY EXEMPT MISSION IS TO MANAGE REAL ESTATE ON BEHALF OF ITS PARENT ORGANIZATION, AHRC NYC. WHILE AHRC NYC NEW PROJECTS DOES NOT DIRECTLY SEND MONETARY SUPPORT BACK TO AHRC NYC, ALL EXPENDITURES INCURRED IN PURSUIT OF ITS EXEMPT MISSION ARE DEEMED SUPPORT FOR PURPOSES OF SCHEDULE A AND ARE SO DISCLOSED IN LINE 12(G)(V). NOTE THAT EXPENDITURES INCURRED TO UNDERTAKE NON-MISSION RELATED ACTIVITY ARE NOT INCLUDED. 0 1 X 11817617 11817617 92794964 63017230 29777734 54274 45534 8740 525590 525590 42129681 DUE FROM AFFILIATES 7893853 DEBT SERVICE RESERVE FUNDS 1152781 9046634 X PART IV, LINE 2B: AHRC NYC NEW PROJECTS, INC HOLDS SECURITY DEPOSITS PAID BY RENTORS OF ITS PROPERTIES; THE CASH IS HELD IN SEPARATE SECURITY DEPOSIT ESCROW ACCOUNTS. PART X, LINE 2: AHRC NYC NEW PROJECTS INC. IS INCLUDED WITHIN THE CONSOLIDATED FINANCIAL STATEMENTS OF NYSARC, INC., NEW YORK CITY CHAPTER AND AFFILIATES. THE BELOW FIN-48 FOOTNOTE IS REPRODUCED FROM THE CONSOLIDATED FINANCIAL STATEMENTS. AHRC IS ORGANIZED UNDER THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. NYSARC, INC., NEW YORK CITY CHAPTER, SUPERIOR, HOME CARE, DEVELOPMENT, GUARDIANSHIP FUND, AND NEW PROJECTS HAVE BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAX PURSUANT TO SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. PROPERTIES HAS BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAX PURSUANT TO SECTION 501 (C)(2) OF THE INTERNAL REVENUE CODE. AHRC IS CURRENT WITH RESPECT TO ITS FEDERAL AND NEW YORK STATE INCOME TAX FILING REQUIREMENTS. MANAGEMENT IS NOT AWARE OF ANY ISSUES OR CIRCUMSTANCES THAT WOULD UNFAVORABLY IMPACT ITS TAX EXEMPT STATUS. MANAGEMENT HAS DETERMINED THAT AHRC HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. 0 0 0 0 0 0 0 0 0 MARCO DAMIANI CEO, NYSARC INC., NYC CHAP 0 562579 0 0 0 101804 0 13800 0 38455 0 716638 0 0 AMY WEST EVP / CHIEF FINANCIAL OFFICER 0 370415 0 0 0 34927 0 11091 0 31042 0 447475 0 0 FORM 990, SCHEDULE J, PART I: CHIEF EXECUTIVE OFFICER, MARCO DAMIANI, AND CHIEF FINANCIAL OFFICER, AMY WEST, HAVE MANAGEMENT AND FINANCIAL OVERSIGHT , RESPECTIVELY, OF THE NYSARC INC., NEW YORK CITY CHAPTER AND ITS AFFILIATE ORGANIZATIONS BY VIRTUE OF THEIR POSITIONS AS THE TOP MANAGEMENT OFFICIAL AND TOP FINANCIAL OFFICIAL, RESPECTIVELY, OF NYSARC INC., NEW YORK CITY CHAPTER. ACCORDINGLY, BOTH MARCO DAMIANI AND AMY WEST ARE CONSIDERED TO BE "DE FACTO" OFFICERS OF AHRC NYC NEW PROJECTS INC. FOR PURPOSES OF THE FILING OF THE 990 OF AHRC NYC NEW PROJECTS INC. THE ORGANIZATION DOES NOT DIRECTLY COMPENSATE THE INDIVIDUALS LISTED IN FORM 990 PART VII AND SCHEDULE J. THESE INDIVIDUALS RECEIVE THEIR W-2S FROM A RELATED ORGANIZATION, NYSARC, INC. NEW YORK CITY CHAPTER. THE PROCESS FOR DETERMINING THAT COMPENSATION IS ARTICULATED ON THE PARENT FORM 990, AND IN THE INTERESTS OF FULL TRANSPARENCY, IS REPLICATED ON THIS 990 AS WELL. NYSARC, INC. NEW YORK CITY CHAPTER HAS ADOPTED A COMPENSATION POLICY (THE "POLICY") FOR COVERED INDIVIDUALS. PURSUANT TO THE POLICY, A COMPENSATION COMMITTEE OF INDEPENDENT DIRECTORS REVIEWS THE COMPENSATION OF ALL EMPLOYEES SPECIFIED AS HAVING A SUBSTANTIAL INFLUENCE OVER THE ORGANIZATION AND WHO RECEIVE REMUNERATION FROM THE ORGANIZATION, INCLUDING AMONG OTHERS, THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, CHIEF LEGAL OFFICER, CHIEF PROGRAM OFFICER AND CHIEF HUMAN RESOURCES OFFICER. THE COMPENSATION COMMITTEE IS ADVISED BY AN INDEPENDENT COMPENSATION CONSULTANT, WHICH OPINES TO THE COMPENSATION COMMITTEE THAT THE LEVEL OF COMPENSATION PAID AND THE PROCESS BY WHICH COMPENSATION IS ESTABLISHED MEETS APPLICABLE IRS REASONABLENESS AND "SAFE HARBOR" STANDARDS. THE OUTSIDE COMPENSATION CONSULTANT PROVIDES DATA OF COMPENSATION PROVIDED AT SIMILAR ORGANIZATIONS TO ENSURE THAT THE ORGANIZATION DOES NOT COMPENSATE IN EXCESS OF MARKET NORMS OR IN EXCESS OF THE COMMITTEE'S PHILOSOPHY OF MAINTAINING TOTAL COMPENSATION AT OR AROUND THE MEDIAN OF THE MARKET. A DORMITORY AUTHORITY OF THE STATE OF NY (DASNY) 146000293 649907GP1 2012-11-21 7999043 REFINANCE 0 0 0 B DORMITORY AUTHORITY OF THE STATE OF NY (DASNY) 146000293 64990BTY9 2015-09-25 19283966 REFINANCE 0 0 0 A 4403197 7999043 919424 194795 6884824 2012 1 0 1 1 B 5021008 19283966 1026711 500258 17756997 2015 1 0 1 1 B 0 0 0 0 1 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 PART I, COLUMN E: 11/21/2012 $7,999,043 DORMITORY AUTHORITY OF THE STATE OF NEW YORK (DASNY - TAX EXEMPT BONDS) ARE DEBT OF THE PARENT ORGANIZATION, THE ARC NEW YORK. THIS DEBT WAS A REFINANCE OF 2001 AND 2002 SERIES BONDS ORIGINALLY ISSUED ON 8/15/2001 AND 9/25/2002. AHRC NYC NEW PROJECTS INC. ONLY RECORDS ON ITS BOOKS THE PORTION OF THE BOND FOR THE BUILDING IT MAINTAINS ON BEHALF OF THE PARENT. PART I, COLUMN E: 9/25/2015 $19,283,966 DORMITORY AUTHORITY OF THE STATE OF NEW YORK (DASNY - TAX EXEMPT BONDS) ARE DEBT OF THE PARENT ORGANIZATION, THE ARC NEW YORK. THIS DEBT WAS A REFINANCE OF BONDS ORIGINALLY ISSUED ON 6/15/2005. AHRC NYC NEW PROJECTS INC. ONLY RECORDS ON ITS BOOKS THE PORTION OF THE BOND FOR THE BUILDING IT MAINTAINS ON BEHALF OF THE PARENT. PART IV, LINE 2C: AHRC NYC NEW PROJECTS INC HAD A REBATE CALCULATION PERFORMED ON BONDS A AND B DISCLOSED IN SCHEDULE K OF THE FORM 990 - SERIES 2012 ISSUED ON 11/21/2012 AND SERIES 2015 ISSUED ON 9/25/2015. THE CALCULATIONS WERE CONDUCTED ON OCTOBER 8, 2020 AND CONFIRMED THAT NO REBATE WAS DUE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A MEMBERSHIP CORPORATION FORMED IN 1990. NYSARC INC., NEW YORK CITY CHAPTER ("AHRC NYC"), ACTING THROUGH ITS BOARD OF DIRECTORS, IS THE SOLE MEMBER. THE ORGANIZATION IS GOVERNED BY ITS OWN BOARD OF DIRECTORS, WHICH IS RESPONSIBLE FOR ITS OPERATIONS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S SOLE MEMBER, AHRC NYC, HAS BEEN RESERVED THE POWER WITHIN NEW PROJECTS' BYLAWS TO APPOINT AND REMOVE NEW PROJECTS' BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S SOLE MEMBER, AHRC NYC, HAS BEEN RESERVED THE POWER WITHIN NEW PROJECTS' BYLAWS TO ALTER, AMEND, REVISE, OR REPEAL NEW PROJECTS' BYLAWS AND ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT CURRENTLY HAVE ANY COMMITTEES OTHER THAN ITS BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, WHICH SERVED AS PAID PREPARER, WITH ASSISTANCE FROM THE STAFF OF AHRC NYC. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE FULL BOARD OF THE ORGANIZATION IN EITHER PAPER OR ELECTRONIC FORM FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER IS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY VERY CAREFULLY. DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE POSSIBLE CONFLICTS OF INTEREST UPON JOINING THE ORGANIZATION, WHEN A CONFLICT ARISES, AND ANNUALLY BY FILLING OUT A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE DISCLOSURE STATEMENT IS PROVIDED TO THE SECRETARY OF THE CORPORATION. DECISIONS RELATING TO CONFLICTS ARE DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 13 AND 14: THE ORGANIZATION OPERATES UNDER THE WHISTLEBLOWER AND DOCUMENT RETENTION POLICY OF ITS SOLE MEMBER, AHRC NYC. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, AND AT MANAGEMENT'S DISCRETION. FORM 990, PART VII AHRC NYC NEW PROJECTS INC. DOES NOT HAVE ITS OWN EMPLOYEES OR ITS OWN PAYROLL. ALL EMPLOYEES PROVIDING SERVICES TO AHRC NYC NEW PROJECTS INC. RECEIVE THEIR W-2S FROM A RELATED ORGANIZATION, NYSARC, INC. NEW YORK CITY CHAPTER. THIS COMPENSATION IS REPORTED ON FORM 990, PART VII AND SCHEDULE J. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DOES NOT CURRENTLY HAVE ANY COMMITTEES OTHER THAN ITS BOARD OF DIRECTORS. IN FISCAL YEAR 2024, THE ORGANIZATION'S FINANCIAL INFORMATION WAS CONSOLIDATED INTO AHRC NYC'S AUDITED FINANCIAL STATEMENTS. THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS WERE REVIEWED THIS YEAR BY AHRC NYC'S AUDIT COMMITTEE. NYSARC INC NYC CHAPTER (AHRC NYC) 83 MAIDEN LANE NEW YORK NY 10038 135596746 SEE PT VII NY 501(C)(3) LINE 10 N/A 0 AHRC NYC PROPERTIES INC 83 MAIDEN LANE NEW YORK NY 10038 133287732 HOUSING NY 501(C)(2) N/A AHRC NYC 0 AHRC HOME CARE SERVICES INC 83 MAIDEN LANE NEW YORK NY 10038 133891886 HOME CARE NY 501(C)(3) LINE 10 AHRC NYC 0 SUPERIOR DIRECT CARE INC 83 MAIDEN LANE NEW YORK NY 10038 203974791 STAFFING NY 501(C)(3) LINE 10 AHRC NYC 0 AHRC DEVELOPMENT COMPANY 83 MAIDEN LANE NEW YORK NY 10038 133131470 HOUSING NY 501(C)(3) LINE 7 AHRC NYC 0 AHRC NYC GUARDIANSHIP FUND INC 83 MAIDEN LANE NEW YORK NY 10038 273621220 GUARDIANSHIP NY 501(C)(3) LINE 12A, I AHRC NYC 0 AHRC NEW YORK CITY FOUNDATION INC 83 MAIDEN LANE NEW YORK NY 10038 133779611 FUNDRAISING NY 501(C)(3) LINE 7 AHRC NYC 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 FORM 990, SCHEDULE R, PART II, LINE 1(B) AHRC NYC'S PRIMARY EXEMPT MISSION IS TO ADVOCATE FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO LEAD FULL AND EQUITABLE LIVES. FORM 990, SCHEDULE R, PART V: AHRC NEW PROJECTS INC., AHRC NEW PROPERTIES, INC. AND NYSARC, INC., NEW YORK CITY CHAPTER GUARANTEE THE LINES OF CREDIT AND MORTGAGE OBLIGATIONS OF EACH RESPECTIVE ENTITY.