Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)4000 ROUTE 66   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TINTON FALLS, NJ07753
A Employer identification number

59-2714390
B Telephone number (see instructions)

(732) 922-6100
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$95,368,125
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 24,253,822
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 1,742,939 1,742,893  
5a Gross rents.............. 1,375,839 1,375,839  
b Net rental income or (loss) 1,020,006
6a Net gain or (loss) from sale of assets not on line 10 4,619,605
b Gross sales price for all assets on line 6a 23,676,166
7 Capital gain net income (from Part IV, line 2)... 4,619,605
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 7,302 7,302  
12 Total. Add lines 1 through 11........ 31,999,507 7,745,639  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 96,000 96,000   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 17,304 0   17,304
b Accounting fees (attach schedule)....... 7,782 0   7,782
c Other professional fees (attach schedule).... 273,206 265,206   8,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions) 251,882 131,882   0
19 Depreciation (attach schedule) and depletion... 360,834 355,833  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 68,341 0   68,341
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 521,085 24,498   496,587
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,596,434 873,419   598,014
25 Contributions, gifts, grants paid........ 2,481,638 2,481,638
26 Total expenses and disbursements. Add lines 24 and 25 4,078,072 873,419   3,079,652
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 27,921,435
b Net investment income (if negative, enter -0-) 6,872,220
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 80,680 3,499,695 3,499,695
2 Savings and temporary cash investments.......... 7,288,980 15,196,755 15,196,753
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   9,386    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 5,788    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 31,842,174 Click to see attachment33,569,262 44,941,856
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet27,037,161
Less: accumulated depreciation (attach schedule) bullet414,463 11,486,661 Click to see attachment26,622,698 26,622,698
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,000,377 Click to see attachment831,774 831,744
14 Land, buildings, and equipment: basis bullet4,362,212
Less: accumulated depreciation (attach schedule) bullet86,833 4,280,185 Click to see attachment4,275,379 4,275,379
15 Other assets (describe bullet) Click to see attachment25,559 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 56,019,790 83,995,563 95,368,125
Liabilities 17 Accounts payable and accrued expenses.......... 52,031  
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment94,404 Click to see attachment200,773
23 Total liabilities (add lines 17 through 22).......... 146,435 200,773
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 55,873,355 83,794,790
30 Total net assets or fund balances (see page 17 of the
instructions).................... 55,873,355 83,794,790
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 56,019,790 83,995,563
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 55,873,355
2 Enter amount from Part I, line 27a..................... 2 27,921,435
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 83,794,790
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 83,794,790
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b) How acquired
P—Purchase
D—Donation
(c) Date acquired
(mo., day, yr.)
(d) Date sold
(mo., day, yr.)
1 a MERRILL LYNCH ACC#438-04321 (SEE ATTACHED) P    
b MERRILL LYNCH ACC#438-04321 (SEE ATTACHED) P    
c MERRILL LYNCH ACC#438-04321 (SEE ATTACHED) P    
d MERRILL LYNCH ACC#438-04321 (SEE ATTACHED) P    
e MERRILL LYNCH ACC#438-04M18 (SEE ATTACHED) P    
MERRILL LYNCH ACC#438-04M18 (SEE ATTACHED) P    
MERRILL LYNCH ACC#438-04326 (SEE ATTACHED) P    
MERRILL LYNCH ACC#438-04326 (SEE ATTACHED) P    
MERRILL LYNCH ACC#438-04326 (SEE ATTACHED) P    
MERRILL LYNCH ACC#438-04326 (SEE ATTACHED) P    
HAKON INVEST AB RIGHTS P 2013-05-10 2013-05-21
THOMAS COOK GROUP PLC P 2013-06-05 2013-06-17
TOUR EIFFEL P 2013-06-05 2013-06-21
MAPFRE SA P 2010-07-08 2013-06-20
NUFLARE TECH INC P 2013-10-01 2013-11-07
TOTAL ACCESS COMM PCL P 2011-12-27 2013-02-14
TOTAL ACCESS COMM PCL P 2012-10-10 2013-02-14
TOTAL ACCESS COMM PCL P 2012-10-10 2013-04-18
SEVEN BANK P 2011-12-01 2013-02-13
PT PP LONDON SUMATRA P 2011-08-24 2013-06-20
AAC TECHNOLOGIES P 2012-07-11 2013-02-15
MICRO FOCUS INTL P 2013-10-25 2013-11-14
TAKARA LEBEN CO P 2013-07-01 2013-11-07
UNITED MIZRAHI BANK P    
US TRUST (SEE ATTACHED) P    
GOLDMAN SACHS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable)
(g) Cost or other basis
plus expense of sale
(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,411,122   2,099,686 311,436
b 21,233   16,276 4,957
c 3,700,626   2,961,318 739,308
d 2,896,114   2,192,199 703,915
e 1,396,969   1,500,000 -103,031
1,250,478   1,250,000 478
1,884,217   1,711,302 172,915
4,149   4,149 0
2,296,471   2,023,438 273,033
2,734,443   1,841,329 893,114
5,921     5,921
6,608     6,608
      0
1,795   1,473 322
63,419   29,161 34,258
55,545   53,317 2,228
14,250   8,562 5,688
85,546   41,938 43,608
86,993     86,993
47,760   76,709 -28,949
56,608   39,640 16,968
      0
57,260     57,260
99,988   65,078 34,910
4,497,832   3,140,986 1,356,846
819     819
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69
(k) Excess of col. (i)
over col. (j), if any
a       311,436
b       4,957
c       739,308
d       703,915
e       -103,031
      478
      172,915
      0
      273,033
      893,114
      5,921
      6,608
      0
      322
      34,258
      2,228
      5,688
      43,608
      86,993
      -28,949
      16,968
      0
      57,260
      34,910
      1,356,846
      819
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 4,619,605
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . .
Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 1,968,652 53,452,787 0.036830
2011 2,509,246 45,613,811 0.055011
2010 1,745,548 41,769,969 0.041790
2009 2,678,938 35,448,390 0.075573
2008 2,861,822 50,445,594 0.056731
2 Total of line 1, column (d) ...................... 2 0.265935
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years
. . .
3 0.053187
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 77,521,623
5 Multiply line 4 by line 3....................... 5 4,123,143
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 68,722
7 Add lines 5 and 6......................... 7 4,191,865
8 Enter qualifying distributions from Part XII, line 4.............. 8 3,079,652
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 137,444
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 137,444
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 137,444
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 119,668
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 25,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 144,668
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,224
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet7,224 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
  • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE, NJ, CA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.Click to see attachment
    10
    Yes
     
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
     
     
    Website addressbulletN/A
    14
    The books are in care ofbulletFOUNDATION Telephone no.bullet (732) 922-6100
    Located atbullet4000 ROUTE 66TINTON FALLSNJ ZIP+4bullet07753
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16Yes  
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bulletAM
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation
    (If not paid, enter
    -0-)
    (d) Contributions to
    employee benefit plans
    and deferred compensation
    (e) Expense account,
    other allowances
    HIRAIR HOVNANIAN CHAIRMAN
    3.00
    0 0 0
    600 NAVESINK RIVER ROAD
    RED BANK,NJ07701
    ANNA HOVNANIAN PRESIDENT
    3.00
    0 0 0
    600 NAVESINK RIVER ROAD
    RED BANK,NJ07701
    EDELE HOVNANIAN VP & TREASURER
    2.00
    12,000 0 0
    600 NAVESINK RIVER ROAD
    RED BANK,NJ07701
    SIRAN SAHAKIAN VICE PRESIDENT
    2.00
    12,000 0 0
    600 NAVESINK RIVER ROAD
    RED BANK,NJ07701
    LEELA HOVNANIAN VICE PRESIDENT
    2.00
    12,000 0 0
    600 NAVESINK RIVER ROAD
    RED BANK,NJ07701
    ARMEN HOVNANIAN VICE PRESIDENT
    2.00
    12,000 0 0
    600 NAVESINK RIVER ROAD
    RED BANK,NJ07701
    TANYA HOVNANIAN-BAGHDASSARIAN SECRETARY
    2.00
    12,000 0 0
    600 NAVESINK RIVER ROAD
    RED BANK,NJ07701
    GORR SAHAKIAN TRUSTEE
    2.00
    12,000 0 0
    600 NAVESINK RIVER ROAD
    RED BANK,NJ07701
    TENY SAHAKIAN TRUSTEE
    2.00
    12,000 0 0
    600 NAVESINK RIVER ROAD
    RED BANK,NJ07701
    HAIK SAHAKIN TRUSTEE
    2.00
    12,000 0 0
    600 NAVESINK RIVER ROAD
    RED BANK,NJ07701
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation
    (e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3 Click to see attachment 0
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,876,081
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    137,444
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    137,444
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,738,637
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,738,637
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    3,738,637
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus
    (b)
    Years prior to 2012
    (c)
    2012
    (d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 3,738,637
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 2,162,229
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 3,079,652
    a Applied to 2012, but not more than line 2a 2,162,229
    b Applied to undistributed income of prior years
    (Election required—see instructions)......
    0
    c Treated as distributions out of corpus (Election
    required—see instructions).........
    0
    d Applied to 2013 distributable amount..... 917,423
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2013. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........
    0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......
    0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........
    0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............
    0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........
    2,821,214
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............
    0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...
    0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......
    0
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........
    Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....
             
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........
             
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....
             
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)
             
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...
             
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....
             
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....
             
    (3) Largest amount of support
    from an exempt organization
             
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    HIRAIR HOVNANIAN
    ANNA HOVNANIAN
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    HIRAIR HOVNANIAN CHAIRMAN
    4000 ROUTE 66
    TINTON FALLS,NJ07753
    (732) 922-6100
    bThe form in which applications should be submitted and information and materials they should include:
    PRELIMINARY APPLICATION SHOULD BE SUBMITTED ON OFFICIAL ORGANIZATION LETTERHEAD AND MUST DESCRIBE THE PURPOSE FOR WHICH FUNDS, IF GRANTED, WILL BE USED. FINANCIAL STATEMENTS FOR THE THREE(3) MOST RECENT ACCOUNTING PERIODS AND PROOF OF ORGANIZATION'S INTERNAL REVENUE SERVICE APPROVAL OF NON-TAXABLE STATUS UNDER 501(C)(3) I.R.C. MUST BE SUBMITTED. ALSO A CERTIFICATION OF ORGANIZATION OFFICER OR PROOF THAT ORGANIZATION CONTINUES TO QUALIFY UNDER SECTION 501(C)(3) OR 170(C)(2)(B) I.R.C. MUST BE SUBMITTED. A FORMAL APPLICATION MAY BE REQUIRED.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE MADE ONLY TO RECOGNIZED ORGANIZATIONS THAT ARE QUALIFIED AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OR TO GOVERNMENTS EXCLUSIVELY FOR CHARITABLE PURPOSE AS DESCRIBED IN SECTION 170(C)(2)(B) OF THE INTERNAL REVENUE CODE OF 1986 AND ITS REGULATIONS AS THEY NOW EXIST OR AS THEY MAY HEREAFTER BE AMENDED.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    Foundation
    status of
    recipient
    Purpose of grant or
    contribution
    Amount
    Name and address (home or business)
    aPaid during the year
    180 TURNING LIVES AROUND INC
    1 BETHANY ROAD BLDG 3 42
    HAZLET,NJ07730
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 2,500
    AMERICAN CANCER SOCIETY
    2310 ROUTE 34 SUITE 1D
    MANASQUAN,NJ08736
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 1,000
    AMERICAN UNIVERSITY OF ARMENIA
    40 MARSHAL BAGHRAMYAN STREET
      YEREVAN0019
    AM
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 8,725
    APPALACHIAN MOUNTAIN CLUB
    5 JOY STREET
    BOSTON,MA02108
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 5,000
    ARMENIAN ASSEMBLY OF AMERICA
    1334 G STREET NW SUITE 200
    WASHINGTON,DC20005
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 57,163
    STATE PEDAGOGHICAL UNIVERSITY OF ARMENIAN
    17 TIGRAN METS AVE
      YEREVAN0010
    AM
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 1,509
    ARMENIAN SISTERS ACADEMY
    440 UPPER GULPH ROAD
    RADNOR,PA19087
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 35,000
    ACS IC OUR LADY OF ARMENIA CONVENT
    6 CHARENTS STREET ANI DISTRICT
      GYUMRI3126
    AM
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 10,000
    BIRTHRIGHT ARMENIA
    333 E LANCASTER AVE 330
    WYNNEWOOD,PA19096
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 270,000
    COLUMBIA UNIVERSITY
    PO BOX 1385
    NEW YORK,NY10008
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 18,000
    GEORGETOWN UNIVERSITY
    600 NEW JERSEY AVE NW ROOM 581
    WASHINGTON,DC20001
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 15,000
    HOVNANIAN SCHOOL SCHOLARSHIP FUND
    175 RAILROAD AVENUE
    RIDGEFIELD,NJ07657
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 500
    KANTONSSPITAL LUZERM (UNIV OF MUSIC)
    LOGIERWESEN
      6000 LUZERN 16  
    SZ
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 5,603
    MONMOUTH MEDICAL CENTER FOUNDATION
    300 SECOND AVENUE
    LONG BRANCH,NJ07740
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 338,333
    NUNE YESAYAN CHARITABLE PUBLIC ORGANIZATION
    CHARENTS 24 APT 7
      YEREVAN  
    AM
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 200,000
    OCEAN'S HARBOR HOUSE
    2445 WINDSOR AVENUE
    TOMS RIVER,NJ08754
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 1,250
    PEDDIE SCHOOL
    201 SOUTH MAIN STREET
    HIGHTSTOWN,NJ08520
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 50,000
    RIPPOWAM CISQUA SCHOOL
    PO BOX 488
    BEDFORD,NY10506
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 14,100
    ROCHESTER INSTITUTE OF TECHNOLOGY
    56 LOMB MEMORIAL DRIVE
    ROCHESTER,NY14623
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 10,000
    RUMSON COUNTRY DAY SCHOOL
    35 BELLEVUE AVENUE
    RUMSON,NJ07760
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 60,000
    THE GOV COUNCIL UNIVERSITY OF TORONTO
    C/O UNIV OF TORONTO 563 SPADINA
    CRESCENT
      TORONTO, ON M5S 2  
    CA
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 5,003
    UNIVERSITY COLLEGE LONDON
    GOWER STREET
      LONDON WC1E 6BT  
    UK
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 7,512
    UNIVERSITY OF SOUTH CAROLINA
    1714 COLLEGE STREET
    COLUMBIA,SC29208
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 6,000
    YEREVAN STATE UNIVERSITY
    1 ALEK MANUKYAN STREET
      YEREVAN0025
    AM
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 3,300
    ALM MEMORIAL FOUNDATION
    560 CROSS STREET
    LAKEWOOD,NJ08701
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 5,000
    ARAGO REPRODUCTIVE MEDICINE
    48 NALBANDYAN STREET
      YEREVAN  
    AM
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 50,000
    BERKLEE COLLEGE OF MUSIC
    1140 BOYLSTON STREET MS-921 BUR
    BOSTON,MA02215
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 10,000
    BOY SCOUTS OF AMERICA
    1518 RIDGEWAY ROAD
    TOMS RIVER,NJ08755
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 2,000
    CARLETON UNIVERSITY
    1125 COLONEL BY DRIVE
    OTTOWA,ONTARIOK1S 5B6
    CA
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 5,995
    CENTER MOTHERLAND DIASPORA SNCO
    26/1 VAZGEN SARKISSIAN
      YEREVAN0010
    AM
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 8,000
    CENTRAL PARK CONSERVANCY
    14 EAST 60TH STREET
    NEW YORK,NY10022
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 1,150
    ELKS NATIONAL FOUNDATION
    600 WASHINGTON STREET
    TOMS RIVER,NJ08753
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 1,000
    ETH ZURICH
    SWISS POST
      BERNCH-3030
    SZ
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 1,995
    FONDIZIONE SANTA LUCIA
    00179 ROMA
      VIA ARDEATINA  
    IT
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 10,010
    HOMETOWN HEROES
    27 WASHINGTON STREET
    TOMS RIVER,NJ08753
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 10,000
    HORIZONS STUDENT ENRICHMENT PROGRAM
    PO BOX 52
    RUMSON,NJ07760
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 5,000
    HSLU-HOCHSCHULE LUZERN
    HOCHSCHULE LUZERN MUSIK
      RECHNUNGSWESEN,LU  
    SZ
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 2,514
    HUGHES HALL
    UNIVERSITY OF CAMBRIDGE
      CAMBRIDGECB1 2EW
    UK
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 10,000
    IMPERIAL COLLEGE LONDON
    CARFAX OXFORD BRANCH 1 5 HIGH
    STREET
      OXFORDOX1 4AA
    UK
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 5,008
    INTERNATIONAL STUDENT HOUSE
    229 GREAT PORTLAND STREET
    REGENTS PARK,LONDONW1B 1SH
    UK
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 7,476
    LENOX HILL NEIGHBORHOOD HOUSE
    331 EAST 70TH STREET
    NEW YORK,NY10021
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 6,500
    LADY MARGARET HALL
    NORHAM GARDENS
      OXFORDOX2 6QA
    UK
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 8,000
    MAKE A WISH FOUNDATION
    1347 PERRINEVILLE ROAD
    MONROE TOWNSHIP,NJ08831
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 5,000
    MERIDIAN HEALTH FOUNDATION
    1345 CAMPUS PARKWAY SUITE A2
    WALL TOWNSHIP,NJ07753
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 1,000
    MOORE COLLEGE OF ART AND DESIGN
    20TH STREET THE PARKWAY
    PHILADELPHIA,PA19103
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 8,000
    MUSEUM OF THE CITY OF NEW YORK
    1220 FIFTH AVENUE
    NEW YORK,NY10029
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 380
    NEW YORK ARMENIAN STUDENTS ASSOCIATION
    64-26 WETHEROLE STREET
    NEW YORK,NY11374
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 250
    NEW YORK PRESBYTERIAN HOSPITAL
    PO BOX 6412
    NEW YORK,NY10277
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 1,000
    NEW YORK SAYS THANK YOU FOUNDATION
    2576 BROADWAY 174
    NEW YORK,NY10025
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 25,000
    OCEAN HOUSING ALLIANCE INC
    C/O PO BOX 1778
    TOMS RIVER,NJ08754
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 1,000
    OCEAN MEDICAL CENTER
    1345 CAMPUS PARKWAY SUITE A2
    NEPTUNE,NJ07753
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 1,000,000
    ONEARMENIA
    PO BOX 181030
    UTICA,NY48318
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 12,500
    ORRAN
    2217 OBSERVATORY AVENUE
    LOS ANGELES,CA90027
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 5,000
    OXFORD UNIVERSITY
    OXFORD CORNMARKET STREET 65
    CORNMARKET ST
      OXFORDOX1 3HY
    UK
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 8,013
    PARK AVENUE ARMORY
    643 PARK AVENUE
    NEW YORK,NY10065
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 830
    POLICE UNITY TOUR CHAPTER 2
    PO BOX B
    BAYVILLE,NJ08721
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 250
    ROYAL ACADEMY OF MUSIC HEFCE
    MARYLEBONE ROAD
      LONDONNW1 5HT
    UK
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 8,002
    THE COUNT BASIE THEATRE FOUNDATION
    99 MONMOUTH STREET
    RED BANK,NJ07701
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 2,500
    THE EPISCOPAL SCHOOL IN THE CITY OF NY
    35 EAST 69TH STREET
    NEW YORK,NY10021
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 45,600
    THE GRAEME PRESTON FOUNDATION FOR LIFE
    151 BROADWAY
    FREEHOLD,NJ07728
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 1,000
    THE KIRIKIAN ARMENIAN SCHOOL
    PO BOX 53
    TENAFLY,NJ07670
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 5,000
    THE UNIVERSITY OF TORONTO
    563 SPADINA CRESCENT
      TORONTOM5S 2J7
    CA
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 7,994
    TUFTS UNIVERSITY
    419 BOSTON AVENUE DOWLING HALL
    MEDFORD,MA02155
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 5,000
    UNIVERSITY OF CALIFORNIA BERKELEY
    140 UNIVERSITY HALL
    BERKELEY,CA94720
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 10,000
    UNIVERSITY OF CHICAGO
    970 EAST 58TH STREET SUITE 303
    CHICAGO,IL60637
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 10,000
    UNIVERSITY OF CONNECTICUT
    233 GLENBROOK ROAD UNIT 4100
    STORRS,CT06269
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 5,000
    UNIVERSITY OF KEELE
    KEELE UNIVERSITY
    KEELE,STAFFORDSHIREST5 5BG
    UK
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 4,989
    UNIVERSITY OF MASSACHUSETTS
    200 HICKS WAY
    AMHERST,MA01003
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 5,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    620 W MCCARTHY WAY SUITE 21
    LOS ANGELES,CA90089
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 8,000
    SOCIETY FOR ORPHANED ARMENIAN RELIEF (SOAR)
    C/O VARDUHI BALOYAN 1060 FIRST
    AVENUE SUITE 400
    KING OF PRUSSIA,PA19406
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 7,500
    YALE UNIVERSITY
    FINANCIAL AID OFFICE BOX 208200
    NEW HAVEN,CT06520
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 6,000
    YEREVAN STATE MEDICAL UNIVERSITY
    58 ABOVYAN STREET
      YEREVAN0025
    AM
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 3,695
    ARMENIAN STATE UNIVERSITY OF ECONOMICS
    128 NALBANDYAN STREET
      YEREVAN0025
    AM
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 554
    STATE LINGUISTIC UNIVERSITY OF ARMENIA
    42 TUMANYAN STREET
      YEREVAN0002
    AM
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 985
    YEREVAN STATE UNIVESITY OF ARCHITECTURE AND CONSTRUCTION
    105 TERYAN STREET
      YEREVAN0009
    AM
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 243
    ARMENIAN STATE AGRARIAN ACADEMY
    74 TERYAN STREET
      YEREVAN0009
    AM
    NONE PUBLIC USED FOR THE ORGANIZATIONS EXEMPT PURPOSE 1,207
    Total .................................bullet 3a 2,481,638
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code
    (b)
    Amount
    (c)
    Exclusion code
    (d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............
             
    4 Dividends and interest from securities....     14 1,742,939  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 1,020,006  
    6
    Net rental income or (loss) from personal property .............
             
    7 Other investment income.....     41 7,302  
    8
    Gain or (loss) from sales of assets other than inventory .............
        18 4,619,605  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 7,389,852 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    137,389,852
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow
    Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







    Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2013
    Name of the organization
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
     
    Employer identification number

    59-2714390
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 2
    Name of organization
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
     
    Employer identification number

    59-2714390
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.
    (b)
    Name, address, and ZIP + 4
    (c)
    Total contributions
    (d)
    Type of contribution
    1
    HOVSONS INC
     

       
    4000 ROUTE 66
     
    TINTON FALLS, NJ07753

    $19,700,000


    (Complete Part II for noncash contributions.)
    (a)
    No.
    (b)
    Name, address, and ZIP + 4
    (c)
    Total contributions
    (d)
    Type of contribution
    2
     
     

    HIRAIR HOVNANIAN  
    600 NAVESINK RIVER ROAD
     
    RED BANK, NJ07701

    $3,472,389


    (Complete Part II for noncash contributions.)
    (a)
    No.
    (b)
    Name, address, and ZIP + 4
    (c)
    Total contributions
    (d)
    Type of contribution
    3
     
     

    HOVSONS INC  
    4000 ROUTE 66
     
    TINTON FALLS, NJ07753

    $1,081,433


    (Complete Part II for noncash contributions.)
    (a)
    No.
    (b)
    Name, address, and ZIP + 4
    (c)
    Total contributions
    (d)
    Type of contribution
     
     
     

       
     
     

    $  


    (Complete Part II for noncash contributions.)
    (a)
    No.
    (b)
    Name, address, and ZIP + 4
    (c)
    Total contributions
    (d)
    Type of contribution
     
     
     

       
     
     

    $  


    (Complete Part II for noncash contributions.)
    (a)
    No.
    (b)
    Name, address, and ZIP + 4
    (c)
    Total contributions
    (d)
    Type of contribution
     
     
     

       
     
     

    $  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 3
    Name of organization
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
     
    Employer identification number

    59-2714390
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I
    (b)
    Description of noncash property given
    (c)
    FMV (or estimate)
    (see instructions)
    (d)
    Date received
    1
    COMMERICAL PROPERTY YORKTOWN AND BAYVIEW PROPERTIES $1,970,000 2013-04-01
    (a) No.
    from
    Part I
    (b)
    Description of noncash property given
    (c)
    FMV (or estimate)
    (see instructions)
    (d)
    Date received
    2
    51,868 SHARES JP MORGAN CHASE & CO STOCK8,296 SHARES TORONTO DOMINION BANK $3,472,389 2013-09-20
    (a) No.
    from
    Part I
    (b)
    Description of noncash property given
    (c)
    FMV (or estimate)
    (see instructions)
    (d)
    Date received
    3
    1,196 SHARES JP MORGAN CHASE & CO STOCK11,473 SHARES TORONTO DOMINION BANK $1,081,433 2013-09-20
    (a) No.
    from
    Part I
    (b)
    Description of noncash property given
    (c)
    FMV (or estimate)
    (see instructions)
    (d)
    Date received
     
    $    
    (a) No.
    from
    Part I
    (b)
    Description of noncash property given
    (c)
    FMV (or estimate)
    (see instructions)
    (d)
    Date received
     
    $    
    (a) No.
    from
    Part I
    (b)
    Description of noncash property given
    (c)
    FMV (or estimate)
    (see instructions)
    (d)
    Date received
     
    $    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 4
    Name of organization
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
     
    Employer identification number

    59-2714390
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  

    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I
    (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I
    (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I
    (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I
    (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2013 AccountingFeesSchedule
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,782 0   7,782

    TY 2013 AllOthProgRltdInvestmentsSch
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Category Amount
    ALL INVESTMENT INCOME WAS EARNED FROM INVESTMENTS AND ASSETS SHOWN IN PART II BALANCE SHEET AND SUPPORTING SCHEDULES AND IS INTENDED FOR THE GENERAL PURPOSES FOR WHICH THE FOUNDATION WAS CREATED. 0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2013 DepreciationSchedule
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)
    Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    2 JEEPS 2008-01-11 86,833 81,832 200DB 5.000000000000 5,001 0    
    BUILDING 2012-05-01 3,658,500 58,630 SL 39.000000000000 93,808 93,808    
    LAND 2012-05-01 3,116,500   L   0 0    
    BUILDING 2013-04-01 10,075,000   SL 39.000000000000 182,986 182,986    
    LAND 2013-04-01 5,425,000   L   0 0    
    BUILDING 2013-04-01 2,310,000   SL 39.000000000000 41,955 41,955    
    LAND 2013-04-01 1,890,000   L   0 0    
    DOLLAR TREE FASCADE 2013-03-28 188,890   SL 39.000000000000 3,834 3,834    
    HVAC UNIT 2013-12-01 53,525   200DB 5.000000000000 28,101 892    
    DOLLAR TREE IMPROVEMENTS 2013-04-15 236,906   SL 39.000000000000 4,303 4,303    
    JIU JITSU IMPROVEMENTS 2013-10-13 19,690   SL 39.000000000000 105 105    
    YASHI IMPROVEMENTS 2013-07-01 26,073   SL 39.000000000000 306 306    
    EVERBANK IMPROVEMENTS 2013-07-01 11,518   SL 39.000000000000 135 135    
    IMPROVEMENTS 2013-07-01 25,559   SL 39.000000000000 300 300    

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENTS 33,569,262 44,941,856

    TY 2013 InvestmentsLandSchedule2
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 3,658,500 152,438 3,506,062 3,506,062
    LAND 3,116,500 0 3,116,500 3,116,500
    BUILDING 10,075,000 182,986 9,892,014 9,892,014
    LAND 5,425,000 0 5,425,000 5,425,000
    BUILDING 2,310,000 41,955 2,268,045 2,268,045
    LAND 1,890,000 0 1,890,000 1,890,000
    DOLLAR TREE FASCADE 188,890 3,834 185,056 185,056
    HVAC UNIT 53,525 28,101 25,424 25,424
    DOLLAR TREE IMPROVEMENTS 236,906 4,303 232,603 232,603
    JIU JITSU IMPROVEMENTS 19,690 105 19,585 19,585
    YASHI IMPROVEMENTS 26,073 306 25,767 25,767
    EVERBANK IMPROVEMENTS 11,518 135 11,383 11,383
    IMPROVEMENTS 25,559 300 25,259 25,259

    TY 2013 InvestmentsOtherSchedule2
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    TRUMBALL ASSOCIATES AT COST 831,774 831,744

    TY 2013 LandEtcSchedule2
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    2 JEEPS 86,833 86,833 0  


    TY 2013 LegalFeesSchedule
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 17,304 0   17,304


    TY 2013 OtherAssetsSchedule
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LEASEHOLD IMPROVEMENTS 25,559 0 0


    TY 2013 OtherExpensesSchedule
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANNUAL REPORT 455 0   455
    STATE REPRESENTATION 365 0   365
    DUES AND SUBSCRIPTIONS 824 0   824
    ARMENIA OPERATING & OVERHEAD COSTS 117,237 0   117,237
    TELEPHONE & INTERNET 746 0   746
    OFFICE EXPENSE 410 0   410
    MISCELLANEOUS 253 0   253
    MANAGEMENT FEE OVERHEAD 24,498 24,498   0
    REALTY TRANSFER COSTS 376,297 0   376,297


    TY 2013 OtherIncomeSchedule2
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS 7,302 7,302 7,302


    TY 2013 OtherLiabilitiesSchedule
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Description Beginning of Year - Book Value End of Year - Book Value
    OTHER LIABILITIES 12,387 4,317
    TENANT SECURITY DEPOSITS 82,017 196,456


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROKER AND INVESTMENT ADVISORY FEES 265,206 265,206   0
    OTHER PROFESSIONAL FEES 8,000 0   8,000


    TY 2013 SubstantialContributorsSch
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Name Address
    HIRAIR HOVNANIAN 600 NAVESINK RIVER ROAD
    RED BANK,NJ07701


    TY 2013 TaxesSchedule
    Name:
    THE HIRAIR AND ANNA HOVNANIAN FOUNDATION INC
    EIN: 59-2714390
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 131,882 131,882   0
    EXCISE TAX 120,000 0   0