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Nonprofiteer
← AHRC NYC PROPERTIES INC

Form 990 for tax year 2022

Filed by AHRC NYC PROPERTIES INC.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$717,596
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$717,596
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,886 · end of year $4,886

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

    $189,000

  • 10c · Land, buildings and equipment, net

    beginning of year $189,000 · end of year $189,000

  • 15 · Other assets

    beginning of year $523,710 · end of year $523,710

  • 27 · Net assets without donor restrictions

    beginning of year $717,596 · end of year $717,596

Mission and programs · 2022

Mission

SEE SCHEDULE OTO ACQUIRE, OWN, LEASE, SELL, MORTGAGE, AND MAINTAIN PROPERTY (OR ANY IMPROVEMENTS) THAT PROVIDES CERTIFIED RESIDENTIAL AND LIVING ACCOMMODATIONS FOR PEOPLE WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES SUPPORTED BY NYSARC INC., NYC CHAPTER (AHRC NYC), AN AFFILIATED COMPANY. THIS IS AN INTERNAL REVENUE CODE SECTION 501(C)(2) ENTITY THAT HOLDS TITLE TO A NUMBER OF RESIDENCES.

Activities or mission (Part I)

WE PROVIDE LIVING ACCOMMODATIONS FOR PEOPLE WITH INTELLECTUAL & DEVELOPMENTAL DISABILITIES.

  • AHRC NYC PROPERTIES, INC IS AN INTERNAL REVENUE CODE SECTION 501(C)(2) ENTITY THAT HOLDS TITLE TO A NUMBER OF RESIDENCES AND CO-OPS. ITS MISSION IS TO ACQUIRE, OWN, LEASE, SELL OR MORTGAGE REAL PROPERTY OR ANY IMPROVEMENTS SUITABLE FOR THE ESTABLISHMENT AND OPERATION OF CERTIFIED RESIDENTIAL FACILITIES AND LIVING ACCOMMODATIONS FOR PEOPLE WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patricia Murphyesq

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.4 + 1.8 related

  • Angelo Aponte

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.4 + 1.8 related

  • Stephen Brodsky Esq

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    0.4 + 0.9 related

  • Marco Damiani

    CEO, NYSARC INC., NYC CHAP

    Total calculated
    $668,993
    From this org
    $0
    From related orgs
    $626,792
    Other
    $42,201
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $545,000 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $56,792 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $30,001 related
    Filer's total
    $0 + $668,993 related

  • Amy West

    CFO, NYSARC INC., NYC CHAP

    Total calculated
    $435,058
    From this org
    $0
    From related orgs
    $401,208
    Other
    $33,850
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,718 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $23,490 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $21,650 related
    Filer's total
    $0 + $435,058 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

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 PROPERTIES INC. FOR PURPOSES OF THE FILING OF THE 990 OF AHRC NYC PROPERTIES 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 WAS ESTABLISHED TO REVIEW 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 EXECUTIVE DIRECTOR, CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, AND ASSOCIATE EXECUTIVE DIRECTORS. 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 MEET 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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202421319349304332

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