Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $5,442

• 1d · Related organizations

  $2,357,043

• 1e · Government grants (contributions)

  $1,324,346

• 1f · All other contributions, gifts and grants

  $389,043

• 2a · Program service revenue: GOVERNMENTAL CONTRACTUAL REVENUE

  total $291,854,274 · related or exempt $291,854,274

• 2b · Program service revenue: PARTICIPANT FEES

  total $6,423,515 · related or exempt $6,423,515

• 2c · Program service revenue: CONTRACT SERVICES

  total $3,188,408 · related or exempt $3,188,408

• 3 · Investment income

  total $118,738 · excluded $118,738

• 6a · Gross rents

  real property $287,261

• 6b · Less rental expenses

  real property $420,984

• 6c · Rental income or loss

  real property -$133,723

• 6d · Net rental income or loss

  total -$133,723 · excluded -$133,723

• 7a · Gross sales of assets other than inventory

  securities $7,139,396

• 7b · Less cost or other basis and sales expenses

  securities $6,743,090

• 7c · Gain or loss

  securities $396,306

• 7d · Net gain or loss

  total $396,306 · excluded $396,306

• 11a · Other revenue: INTER-DEPARTMENTAL REVENUE

  total $2,043,412 · related or exempt $2,043,412

• 11b · Other revenue: REIMBURSEMENTS

  total $114,763 · related or exempt $0 · excluded $114,763

• 11d · All other revenue

  total $9,020 · excluded $9,020

• 11e · Other revenue, total

  $2,167,195

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $11,344 · program services $11,344

• 5 · Compensation of officers, directors and key employees

  total $1,552,826 · management and general $1,552,826

• 6 · Compensation of disqualified persons

  total $269,435 · management and general $269,435

• 7 · Other salaries and wages

  total $155,129,257 · program services $140,739,955 · management and general $14,350,648 · fundraising $38,654

• 8 · Pension plan contributions

  total $9,206,383 · program services $8,259,348 · management and general $945,282 · fundraising $1,753

• 9 · Other employee benefits

  total $29,779,839 · program services $27,346,033 · management and general $2,419,550 · fundraising $14,256

• 10 · Payroll taxes

  total $15,390,950 · program services $14,185,037 · management and general $1,202,844 · fundraising $3,069

• 11a · Fees: management

  total $76,789 · management and general $76,789

• 11b · Fees: legal

  total $1,972,558 · program services $1,101,508 · management and general $871,050

• 11c · Fees: accounting

  total $819,277 · program services $183,756 · management and general $635,521

• 11d · Fees: lobbying

  total $236,243 · program services $236,243

• 11f · Fees: investment management

  total $28,014 · management and general $28,014

• 11g · Fees: other

  total $19,415,584 · program services $18,792,553 · management and general $623,031

• 13 · Office expenses

  total $9,589,483 · program services $8,484,207 · management and general $1,104,589 · fundraising $687

• 14 · Information technology

  total $4,983,584 · program services $393,207 · management and general $4,573,897 · fundraising $16,480

• 16 · Occupancy

  total $33,472,591 · program services $30,978,140 · management and general $2,493,912 · fundraising $539

• 17 · Travel

  total $2,514,377 · program services $2,323,572 · management and general $190,805

• 19 · Conferences, conventions and meetings

  total $283,238 · program services $174,670 · management and general $91,312 · fundraising $17,256

• 20 · Interest

  total $320,619 · program services $130,684 · management and general $189,935

• 22 · Depreciation, depletion and amortization

  total $4,892,319 · program services $3,071,108 · management and general $1,820,620 · fundraising $591

• 23 · Insurance

  total $3,370,787 · program services $2,914,207 · management and general $456,580

• 24a · Other expenses: PARTICIPANT RECREATION

  total $12,857,078 · program services $12,849,423 · management and general $7,655

• 24b · Other expenses: CONSUMER FOOD

  total $2,710,876 · program services $2,709,834 · management and general $1,042

• 24c · Other expenses: EMPLOYMENT BUS. TRAINEE

  total $2,072,539 · program services $2,058,243 · fundraising $14,296

• 24d · Other expenses: RECRUITING/BACKGRND CKS

  total $960,380 · program services $950,629 · management and general $9,751

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $16,436,616 · end of year $1,203,661

• 2 · Savings and temporary cash investments

  beginning of year $1,846,299 · end of year $1,846,482

• 4 · Accounts receivable

  beginning of year $39,595,804 · end of year $46,416,602

• 7 · Other notes and loans receivable

  beginning of year $440,440 · end of year $440,440

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,577,774 · end of year $6,644,067

• 10a · Land, buildings and equipment: cost or other basis

  $81,635,291

• 10b · Land, buildings and equipment: accumulated depreciation

  $55,884,238

• 10c · Land, buildings and equipment, net

  beginning of year $27,572,176 · end of year $25,751,053

• 11 · Investments: publicly traded securities

  beginning of year $6,270,420 · end of year $6,411,352

• 15 · Other assets

  beginning of year $116,205,110 · end of year $116,481,233

• 17 · Accounts payable and accrued expenses

  beginning of year $51,615,597 · end of year $47,963,257

• 23 · Secured mortgages and notes payable

  beginning of year $5,866,858 · end of year $11,240,052

• 25 · Other liabilities

  beginning of year $135,849,963 · end of year $131,524,897

• 27 · Net assets without donor restrictions

  beginning of year $16,162,221 · end of year $13,016,684

• 28 · Net assets with donor restrictions

  beginning of year $1,450,000 · end of year $1,450,000

The filer's explanations (Part III)

PART I, LINE 4B

THE ORGANIZATION MAINTAINS A SUPPLEMENTAL PLAN (THE "SERP") THAT PROVIDES A LUMP SUM BENEFIT, GENERALLY AT RETIREMENT FOLLOWING 30 YEARS OF SERVICE, EQUAL TO AN ANNUITY PAYING THE PARTICIPANT 60% OF THE PARTICIPANT'S FINAL COMPENSATION FROM THE ORGANIZATION. THE BENEFIT IS PRORATED IN THE CASE OF EMPLOYEES WITH LESS THAN 30 YEARS OF SERVICE. THE TOTAL BENEFIT IS REDUCED BY ALL OTHER AHRC NYC RETIREMENT INCOME SOURCES (BOTH EMPLOYER FUNDED AND EMPLOYEE FUNDED, INCLUDING THE ORGANIZATION'S RETIREMENT PLAN). THE 457(B) COMPONENT OF THE PLAN VESTS IMMEDIATELY. THE 457(F) COMPONENT OF THE PLAN IS FULLY VESTED AT THE EARLIEST OF AGE 65, DEATH, DISABILITY OR INVOLUNTARY TERMINATION OF EMPLOYMENT. BENEFIT DISTRIBUTIONS IN CERTAIN YEARS MAY APPEAR HIGH DUE TO THE FACT THAT BENEFITS ACCRUE OVER VERY LONG PERIODS OF TIME BUT ARE THEN DISTRIBUTED IN THEIR ENTIRETY IN A LUMP SUM AT RETIREMENT AGE. ESSENTIALLY, THE LUMP SUM REPRESENTS AN AMOUNT THAT IS EQUIVALENT TO A DISTRIBUTION THAT COVERS A 20 YEAR "ANNUITY LIKE" DISTRIBUTION. IN MARCH 2012, A NEW SERP II WAS CREATED THAT WILL GENERALLY PROVIDE EXECUTIVES A GROSS ANNUAL DEFINED CONTRIBUTION BENEFIT OF 10% OF THE EXECUTIVE'S BASE PAY. THE FOLLOWING INDIVIDUALS REPORTED ON THE 990 ARE ELIGIBLE TO RECEIVE EMPLOYER CONTRIBUTIONS TO AHRC'S SECTION 457(F) PLANS: MARCO DAMIANI AMY WEST HARVEY MIZRACH KATHLEEN BRODERICK GAIL SCHMERTZ-KERNER ELIZABETH LYNAM DURING CALENDAR YEAR 2022, THE FOLLOWING INDIVIDUALS RECEIVED EMPLOYER CONTRIBUTIONS INTO AND DISTRIBUTIONS FROM THEIR SECTION 457(F) PLANS: MARCO DAMIANI - $20,500 KATHLEEN BRODERICK - $9,855 MR. DAMIANI EMPLOYER FUNDED SECTION 457F CONTRIBUTION OF $20,500 VESTED IMMEDIATELY AND IS REPORTED IN FORM 990, SCHEDULE J, COLUMN (B)(III). MS. BRODERICK'S EMPLOYER FUNDED SECTION 457F CONTRIBUTION OF $9,855 VESTED IMMEDIATELY AND IS REPORTED IN FORM 990, SCHEDULE J, COLUMN (B)(III).

PART I, LINE 7

GAIL SCHMERTZ, EVP/CHIEF LEGAL OFFICER, HARVEY MIZRACH, VP, RATE SETTING & BUDGETS/ADVISER, IRVIN RODRIGUEZ, CHIEF INFORMATION & TECHNOLOGY OFFICER, SHARON FONG, VP, WORKFORCE DEVELOPMENT & TALENT, MICHAEL WEINBERG, VP - RESIDENTIAL & HOUSING SOLUTIONS AND KATHLEEN BRODERICK, SR PROGRAM ADVISER/FORMER KEY EMPLOYEE, RECEIVED A BONUS IN CALENDAR YEAR 2022 BASED ON MEETING CERTAIN OBJECTIVE PERFORMANCE CRITERIA/METRICS. THESE BONUSES WERE AUTHORIZED BY MANAGEMENT. THE INDIVIDUALS NOTED ABOVE HAD NO INPUT INTO THE AWARDING OF THEIR OWN BONUSES. OFFICERS, MARCO DAMIANI AND AMY WEST, KEY EMPLOYEE ELIZABETH LYNAM, RECEIVED DISCRETIONARY BONUSES IN CALENDAR YEAR 2022 TO REFLECT AHRC'S APPRECIATION FOR THEIR LEADERSHIP IN THE SUCCESSFUL COMPLETION OF VARIOUS MISSION-RELATED PROJECTS. THIS BONUS WAS APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN COMMITTEE MINUTES. CHIEF EXECUTIVE OFFICER, MARCO DAMIANI, AND EVP/CHIEF FINANCIAL OFFICER, AMY WEST, AND EVP/CHIEF PROGRAM OFFICER, ELIZABETH LYNAM, PROVIDE SERVICES TO THE AFFILIATED ORGANIZATIONS LISTED IN SCHEDULE R OF THE FORM 990 IN THEIR RESPECTIVE CAPACITIES AS CEO AND CFO; NEITHER RECEIVES ADDITIONAL COMPENSATION FOR PROVIDING THESE SERVICES.