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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE H HOVNANIAN FAMILY 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. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$222,874,888J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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) 66,337,430
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,400,338 2,400,338  
5a Gross rents............ 2,713,829 2,713,829  
b Net rental income or (loss) 2,134,269
6a Net gain or (loss) from sale of assets not on line 10 11,085,579
b Gross sales price for all assets on line 6a 42,755,423
7 Capital gain net income (from Part IV, line 2)... 11,085,579
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)....... Click to see attachment 1,148,313 1,148,313  
12 Total. Add lines 1 through 11........ 83,685,489 17,348,059  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 252,231 108,000   144,231
14 Other employee salaries and wages...... 183,735 0   183,735
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 12,583 0   12,583
b Accounting fees (attach schedule)....... Click to see attachment 8,475 0   8,475
c Other professional fees (attach schedule).... Click to see attachment 1,189,407 1,114,635   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 498,335 272,421   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 581,024 581,024  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 52,811 0   52,811
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 272,795 0   272,795
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,051,396 2,076,080   674,630
25 Contributions, gifts, grants paid....... 5,626,717 5,688,782
26 Total expenses and disbursements. Add lines 24 and 25 8,678,113 2,076,080   6,363,412
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 75,007,376
b Net investment income (if negative, enter -0-) 15,271,979
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 1,347,554 3,494,434 3,494,434
2 Savings and temporary cash investments......... 9,478,606 7,941,866 7,941,866
3 Accounts receivable bullet7,708
Less: allowance for doubtful accounts bullet   375 7,708 7,708
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.......... 253,832 296,581 296,581
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 90,948,001 Click to see attachment153,408,538 166,891,642
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet45,658,620
Less: accumulated depreciation (attach schedule) bullet4,600,847 29,098,987 Click to see attachment41,057,773 41,057,773
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 655,624 Click to see attachment655,624 655,624
14 Land, buildings, and equipment: basis bullet2,567,141
Less: accumulated depreciation (attach schedule) bullet92,556 2,476,050 Click to see attachment2,474,585 2,474,585
15 Other assets (describe bullet) Click to see attachment95,184 Click to see attachment54,675 Click to see attachment54,675
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 134,354,213 209,391,784 222,874,888
Liabilities 17 Accounts payable and accrued expenses..........    
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 attachment170,130 Click to see attachment200,325
23 Total liabilities (add lines 17 through 22)......... 170,130 200,325
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 134,184,083 209,191,459
29 Total net assets or fund balances (see instructions)..... 134,184,083 209,191,459
30 Total liabilities and net assets/fund balances (see instructions). 134,354,213 209,391,784
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
134,184,083
2
Enter amount from Part I, line 27a .....................
2
75,007,376
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
209,191,459
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 29 .
6
209,191,459
Form 990-PF (2021)
Form 990-PF (2021)
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 BANK OF AMERICA # 1535 ST P 2021-01-01 2021-12-31
b BANK OF AMERICA # 1533 ST P 2021-01-01 2021-12-31
c ML ACCT #04321 ST P 2021-01-01 2021-12-31
d ML ACCT #04321 ST (NONCOVERED) P 2021-01-01 2021-12-31
e ML ACCT #04321 LT P 2020-01-01 2021-12-31
ML ACCT #04321 LT (NONCOVERED) P 2020-01-01 2021-12-31
ML ACCT #02425 ST P 2021-01-01 2021-12-31
ML ACCT #02425 LT P 2020-01-01 2021-12-31
ML ACCT #04326 ST P 2021-01-01 2021-12-31
ML ACCT #04326 ST (NONCOVERED) P 2021-01-01 2021-12-31
ML ACCT #04326 LT P 2020-01-01 2021-12-31
UBS ACCT #34528 ST P 2021-01-01 2021-12-31
UBS ACCT #34528 LT P 2020-01-01 2021-12-31
UBS ACCT #34528 LT (NONCOVERED) P 2020-01-01 2021-12-31
GOLDMAN SACHS & CO ACCT #4390 P 2020-01-01 2021-12-31
ARES SDL FUND LT P 2020-01-01 2021-12-31
ARES SDL FUND ST P 2021-01-01 2021-12-31
US TRUST ACCT #61773 ST P 2021-01-01 2021-12-31
US TRUST ACCT #61773 LT P 2020-01-01 2021-12-31
(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 411,389   398,516 12,873
b 963,206   883,431 79,775
c 12,608,627   11,419,526 1,189,101
d 16,492   16,493 -1
e 13,101,104   9,822,200 3,278,904
112,920   86,276 26,644
479,463   418,094 61,369
404,685   235,702 168,983
3,157,875   2,887,000 270,875
8,606   8,606 0
5,065,927   4,257,487 808,440
17,404     17,404
158,410   153,228 5,182
5,053,163   1,031,297 4,021,866
9,163     9,163
13,031     13,031
86,646     86,646
    51,988 -51,988
1,087,312     1,087,312
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       12,873
b       79,775
c       1,189,101
d       -1
e       3,278,904
      26,644
      61,369
      168,983
      270,875
      0
      808,440
      17,404
      5,182
      4,021,866
      9,163
      13,031
      86,646
      -51,988
      1,087,312
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 11,085,579
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 212,281
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- ..... 5 212,281
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 247,950
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 31,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 278,950
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 66,669
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet66,669 RefundedBullet 11 0
Part VI-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 the instructions
for the 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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE, 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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    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
    Yes
     
    Website addressbulletHTTPS://WWW.HOVNANIANFOUNDATION.ORG
    14
    The books are in care ofbulletTHE FOUNDATION 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 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletAM
    Part VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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 instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
    No
    c
    .........bullet
    d
    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? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    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?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    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 DECEASED 42022 CHAIRMAN
    2.00     		0 0 0
    4000 ROUTE 66
    TINTON FALLS,NJ07753
    EDELE HOVNANIAN PRESIDENT
    22.00     		156,231 0 0
    4000 ROUTE 66
    TINTON FALLS,NJ07753
    GORR SAHAKIAN VICE PRESIDENT/SECRETARY
    2.00     		12,000 0 0
    4000 ROUTE 66
    TINTON FALLS,NJ07753
    SIRAN SAHAKIAN TREASURER
    2.00     		12,000 0 0
    4000 ROUTE 66
    TINTON FALLS,NJ07753
    ARMEN HOVNANIAN TRUSTEE
    2.00     		12,000 0 0
    4000 ROUTE 66
    TINTON FALLS,NJ07753
    HAIK SAHAKIAN TRUSTEE
    2.00     		12,000 0 0
    4000 ROUTE 66
    TINTON FALLS,NJ07753
    LEELA HOVNANIAN TRUSTEE
    2.00     		12,000 0 0
    4000 ROUTE 66
    TINTON FALLS,NJ07753
    SHANT SAHAKIAN TRUSTEE
    2.00     		12,000 0 0
    4000 ROUTE 66
    TINTON FALLS,NJ07753
    TANYA HOVNANIAN BAGHDASARIAN TRUSTEE
    2.00     		12,000 0 0
    4000 ROUTE 66
    TINTON FALLS,NJ07753
    TENY SAHAKIAN TRUSTEE
    2.00     		12,000 0 0
    4000 ROUTE 66
    TINTON FALLS,NJ07753
    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
    LINDA YEPOYAN EXECUTIVE DIRECTOR
    20.00     		172,487 0 0
    20 ROSEDALE ROAD
    WYNNEWOOD,PA19096
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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
    GOLDMAN SACHS INVESTMENT ADVISORY 432,106
    200 WEST STREET
    NEW YORK,NY10282
    MERRILL LYNCH INVESTMENT ADVISORY 313,955
    1500 AMERICAN BLVD
    PENNINGTON,NJ08534
    ARES SDL FUND INVESTMENT ADVISORY 282,416
    PO BOX 309
    GRAND CAYMAN   E9
    CJ
    US TRUST INVESTMENT ADVISORY 91,247
    114 WEST 47TH STREET
    NEW YORK,NY10036
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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  
    Part VIII-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 instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    117,162,434
    b
    Average of monthly cash balances.......................
    1b
    11,009,037
    c
    Fair market value of all other assets (see instructions)................
    1c
    39,467,651
    d
    Total (add lines 1a, b, and c).........................
    1d
    167,639,122
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    167,639,122
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,514,587
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    165,124,535
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    8,256,227
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    8,256,227
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    212,281
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    212,281
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,043,946
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    62,065
    5
    Add lines 3 and 4............................
    5
    8,106,011
    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 XII, line 1 ...
    7
    8,106,011
    Part XI
    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 VIII-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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 8,106,011
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 2,422,659
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 6,363,412
    a Applied to 2020, but not more than line 2a 2,422,659
    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 2021 distributable amount..... 3,940,753
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		4,165,258
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    Supplementary Information (Complete this part only if the foundation 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).)
    EDELE 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:
    EDELE HOVNANIAN PRESIDENT
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    1 BETHANY ROAD BLDG 3 42
    HAZLET,NJ07730     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 5,000
    ACS IC OUR LADY OF ARMENIA CONVENT
    6 CHARENTS STREET ANI DISTRICT
      GYUMRI3126
    AM     		NONE NC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 25,000
    AFRICAN DREAM ACADEMY FOUNDATION INCORPORATED
    1617 THIRD AVENUE 28610
    NEW YORK,NY10128     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 10,000
    AGBU
    55 EAST 59TH STREET
    NEW YORK,NY10022     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 2,500
    AKNAGHBYUR COMMUNITY
    AKNAGHBYUR VILLAGE
      YEREVAN4016
    AM     		NONE NC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 16,166
    ALLEPO NGO
    11 NORTHERN AVENUE FLOOR 1
      YEREVAN0028
    AM     		NONE NC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 10,000
    ALZHEIMERS CARE ARMENIA
    561 AVENIDA DEL VERDOR
    SAN CLEMENTE,CA92672     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 35,700
    AMERICAN RED CROSS
    PO BOX 37839
    BOONE,IA50037     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 500
    ANIMAL MEDICAL CENTER FOUNDATION
    510 EAST 62ND STREET
    NEW YORK,NY10065     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 25,000
    ARMENIA SME FUND
    412F ROUTE DESCH
      LUXEMBOURGL-2086
    LU     		NONE NC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 247,149
    BARS MEDIA CULTURAL FOUNDATION
    SEPUH ST 20
      YEREVAN0028
    AM     		NONE NC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 17,903
    BERKELEY TOWNSHIP PBA #237
    PO BOX B
    BAYVILLE,NJ08721     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 500
    BIRTHRIGHT ARMENIA
    333 E LANCASTER AVE 330
    WYNNEWOOD,PA19096     		NONE POF UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 672,000
    BOSTON UNIVERSITY
    881 COMMONWEALTH AVE
    BOSTON,MA02215     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 2,500
    BROWN UNIVERSITY
    PO BOX 1893
    PROVIDENCE,RI02912     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 75,000
    CAMP HAIASTAN
    PO BOX C
    FRANKLIN,MA02038     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 20,000
    CENTRAL PARK CONSERVANCY
    14 EAST 60TH STREET
    NEW YORK,NY10022     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 2,500
    CITY OF SMILE - USA
    PO BOX 12264
    LACRESCENTA,CA91214     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 12,500
    COASTAL HABITAT FOR HUMANITY
    1105 MEMORIAL DRIVE
    ASBURY PARK,NJ07712     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 2,000
    COMMUNITY MEDICAL CENTER FOUNDATION
    99 ROUTE 37 WEST PO BOX 2002
    TOMS RIVER,NJ08754     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 1,000,000
    COOPERRIIS
    101 HEALING FARM LANE
    MILL SPRING,NC28756     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 2,000
    DOMINICAN COLLEGE
    470 WESTERN HIGHWAY
    ORANGEBURG,NY10962     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 3,000
    DREXEL UNIVERSITY
    PO BOX 8196
    PHILADELPHIA,PA19101     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 2,500
    ELIZABETH-LEWIS EMERGENCY SQUAD
    PO BOX 443
    ELIZABETHTOWN,NY12932     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 500
    FULFILL (FOODBANK OF MONMOUTH AND OCEAN COUNTIES INC)
    3300 ROUTE 66
    NEPTUNE,NJ07753     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 500
    GALACTOSEMIA FOUNDATION
    350 NORTHERN BLVD STE 324-1079
    ALBANY,NY12204     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 500
    GRADARAK EDUCATION AND CULTURAL NGO
    26 14 BABAYAN STR
      YEREVAN0037
    AM     		NONE NC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 18,000
    HACKENSACK MERIDIAN HEALTH
    343 THORNALL STREET 8TH FLOOR
    EDISON,NJ08837     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 1,000,000
    HAYK PETROSYAN
    BAGREVAND 50 HOUSE
      YEREVAN0062
    AM     		NONE I UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 5,248
    HOPE SHEDS LIGHT
    253 CHESTNUT STREET
    TOMS RIVER,NJ08753     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 2,500
    HOVNANIAN SCHOOL
    PO BOX 236
    HAWTHORNE,NJ07506     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 1,000,000
    JRABI LLC
    1 ZANG BUILDING 76/77 APT 24
      YEREVAN0056
    AM     		NONE NC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 926
    KIDS NEED MORE
    PO BOX 46
    FORKED RIVER,NJ08731     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 500
    KOMUNNAKHAGITS INSTITUTE LLC
    83 VARDANANTS ST BLIND ALLEY 8
    BUILDING 1ST FLOOR
      YEREVAN0010
    AM     		NONE NC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 9,603
    KOORIGS INC
    RUBINYANTS 28
      YEREVAN0069
    AM     		NONE NC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 25,000
    LAFAYETTE COLLEGE STUDENT PAYMENTS
    PO BOX 36479
    NEWARK,NJ07188     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 5,000
    MONTCLAIR STATE UNIVERSITY
    1 NORMAL AVE
    MONTCLAIR,NJ07043     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 7,500
    NEW JERSEY CITY UNIVERSITY
    2039 KENNEDY BLVD
    JERSEY CITY,NJ07305     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 3,000
    NEW JERSEY INSTITUTE OF TECHNOLOGY
    BURSAR OFFICE/ STUDENT SERVICES
    MAIL UNIVERSITY HEIGHTS
    NEWARK,NJ07102     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 2,500
    NEW VICTORY THEATRE
    229 W 42ND STREET
    NEW YORK,NY10036     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 20,000
    NORTHERN OCEAN HABITAT FOR HUMANITY
    1214 ROUTE 37 EAST
    TOMS RIVER,NJ08753     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 10,000
    OCEAN HOUSING ALLIANCE INC
    C/O PO BOX 1778
    TOMS RIVER,NJ08754     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 1,000
    OCEANIC FREE LIBRARY ASSOCIATION
    109 AVENUE OF TWO RIVERS
    RUMSON,NJ07760     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 1,500
    OCEANS HARBOR HOUSE
    808 CONIFER STREET
    TOMS RIVER,NJ08753     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 1,250
    PEDDIE SCHOOL
    201 SOUTH MAIN STREET
    HIGHTSTOWN,NJ08520     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 200,000
    PROGRESSIVE MEDICINE NGO
    KAZAZNUNU 14
      YEREVAN0070
    AM     		NONE NC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 5,792
    RAMAPO COLLEGE OF NEW JERSEY
    505 RAMAPO VALLEY ROAD
    MAHWAY,NJ07430     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 2,500
    REPAT ARMENIA FOUNDATION
    2/2 MELIK ADAMYAN STREET 5TH FLOOR
      YEREVAN0010
    AM     		NONE NC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 154,800
    RIDER UNIVERSITY
    2083 LAWRENCEVILLE RD
    LAWRENCEVILLE,NJ08648     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 5,000
    RIDGEWAY VOLUNTEER FIRE COMPANY
    2848 RIDGEWAY ROAD
    MANCHESTER,NJ08769     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 20,000
    RONALD MCDONALD HOUSE CENTRAL & NORTH NJ
    131 BATH AVENUE
    LONG BRANCH,NJ07740     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 500
    ROWAN UNIVERSITY
    ADMISSIONS 201 MULLICA HILL ROAD
    GLASSBORO,NJ08028     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 5,000
    RUMSON COUNTRY DAY SCHOOL
    35 BELLEVUE AVENUE
    RUMSON,NJ07760     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 212,493
    RUTGERS THE STATE UNIVERSITY OF NJ
    PO BOX 2021
    NEW BRUNSWICK,NJ08903     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 10,000
    SAVE
    1010 ROUTE 60
    SKILLMAN,NJ08558     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 500
    SEASONS OF GIVING
    207 OHIO AVE
    EGG HARBOR TOWNSHIP,NJ08234     		NONE PF UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 500
    SETON HALL UNIVERSITY
    400 SOUTH ORANGE AVE
    SOUTH ORANGE,NJ07079     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 5,000
    ST JUDES CHILDREN'S HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 1,000
    STEPHEN SILLER TUNNEL TO TOWER FOUNDATION
    2361 HYLAN BOULEBARD
    STATEN ISLAND,NY10306     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 10,000
    STEVENS INSTITUTE OF TECHNOLOGY
    CASTLE POINT ON HUDSON
    HOBOKEN,NJ07030     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 5,000
    STOCKTON UNIVERSITY
    101 VARA KING FARRIS DRIVE
    GALLOWAY,NJ08205     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 15,000
    SUPPORT TO JAVAKHK FUND
    ARSHKUNYATS AVENUE 302 SHENK APT 3
      YEREVAN0023
    AM     		NONE NC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 30,790
    TARIEL MKRTCHYAN
    PURAKAIN ST 2ND LANE HOUSE 3
      HRAZDAN CITY2303
    AM     		NONE I UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 5,356
    THE ARC OF NEW JERSEY
    985 LIVINGSON AVE
    NORTH BRUNSWICK,NJ08902     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 500
    THE EPISCOPAL SCHOOL IN THE CITY OF NY
    35 EAST 69TH STREET
    NEW YORK,NY10021     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 1,000
    THE INSTITUTE OF INTERNATIONAL EDUCATION
    809 UNITED NATIONS PLAZA
    NEW YORK,NY10017     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 293,606
    THE NIGHTINGALE-BAMFORD SCHOOL
    20 EAST 92ND STREET
    NEW YORK,NY10128     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 30,000
    THE TRUSTEES OF TUFF COLLEGE
    80 GEORGE STREET SUITE 300-2
    MEDFORD,MA02155     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 25,000
    TOMS RIVER REGIONAL SCHOOL DISTRICT
    1144 HOOPER AVENUE
    TOMS RIVER,NJ08753     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 65,000
    UNIVERSITY OF MICHIGAN
    1000 OAK BROOK DRIVE SUITE 100
    ANN HARBOR,MI48104     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 250,000
    VILLANOVA UNIVERSITY
    800 LANCASTER AVE
    VILLANOVA,PA19085     		NONE PC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 10,000
    WOMEN'S SUPPORT CENTER
    21/1 TUMANYAN STREET
      YEREVAN0002
    AM     		NONE NC UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. 20,000
    Total .................................bullet 3a 5,688,782
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 2,134,269  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 11,085,579  
    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 16,768,499 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    16,768,499
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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) (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) 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 instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    THE H HOVNANIAN FAMILY 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 isn't covered by the General Rule and/or the Special Rules doesn't 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 doesn't 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) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    THE H HOVNANIAN FAMILY FOUNDATION
    INC         		Employer identification number
    59-2714390
    Part I
    Contributors
    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
    HIRAIR HOVNANIAN DEC 040821
    4000 ROUTE 66
     
    TINTON FALLS, NJ07753

    		$ 40,836,675


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    HOVSONS INC
     
    4000 ROUTE 66
     
    TINTON FALLS, NJ07753

    		$ 25,500,755


    (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.)
    (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) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    THE H HOVNANIAN FAMILY 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
    		 MARKETABLE SECURITIES TRANSFERRED FROM MERRILL. $ 4,338,145 2021-10-14
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MARKETABLE SECURITIES TRANSFERRED FROM MERRILL. $ 27,767,718 2021-11-23
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MARKETABLE SECURITIES TRANSFERRED FROM MERRILL. $ 8,463,763 2021-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 MARKETABLE SECURITIES TRANSFERRED FROM MERRILL. $ 7,021,755 2021-11-22
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 MARKETABLE SECURITIES TRANSFERRED FROM UBS. $ 6,704,000 2021-11-23
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 REAL ESTATE - RETAIL CENTER - MUHLENBERG PLAZA $ 11,775,000 2021-12-01
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    THE H HOVNANIAN FAMILY FOUNDATION
    INC         		Employer identification number

    59-2714390
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. 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) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    THE H HOVNANIAN FAMILY FOUNDATION
     
    INC
    EIN:
    59-2714390
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,475 0   8,475

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

    TY 2021 DepreciationSchedule
    Name:
    THE H HOVNANIAN FAMILY 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 86,833 200DB 5.000000000000 0 0    
    BUILDING 2012-05-01 3,658,500 809,094 SL 39.000000000000 93,808 93,808    
    LAND 2012-05-01 3,116,500   L   0 0    
    BUILDING 2013-04-01 10,075,000 1,991,317 SL 39.000000000000 258,333 258,333    
    LAND 2013-04-01 5,425,000   L   0 0    
    BUILDING 2013-04-01 2,310,000 456,572 SL 39.000000000000 59,231 59,231    
    LAND 2013-04-01 1,890,000   L   0 0    
    DOLLAR TREE FASCADE 2013-03-28 188,890 37,735 SL 39.000000000000 4,843 4,843    
    HVAC UNIT 2013-12-01 53,525 26,762 200DB 5.000000000000 0 0    
    DOLLAR TREE IMPROVEMENTS 2013-04-15 236,906 46,828 SL 39.000000000000 6,075 6,075    
    JIU JITSU IMPROVEMENTS 2013-10-13 19,690 3,640 SL 39.000000000000 505 505    
    EVERBANK IMPROVEMENTS 2013-07-01 11,518 2,200 SL 39.000000000000 295 295    
    DOLLAR TREE ADDITIONAL IMPROVEMENTS 2014-10-01 153,340 24,411 SL 39.000000000000 3,932 3,932    
    SECURITY SYSTEM 2014-09-01 6,737 3,368 200DB 5.000000000000 0 0    
    CMC 2014-07-01 15,930 2,635 SL 39.000000000000 408 408    
    FINANCIAL ALTERNATIVES 2014-04-01 27,620 4,783 SL 39.000000000000 708 708    
    YEREVAN BUILDING/LAND 2013-01-01 2,385,960   L   0 0    
    BELLCREST UPGRADES 2015-10-01 40,657 5,427 SL 39.000000000000 1,042 1,042    
    YEREVAN LAND 2015-01-01 66,739   L   0 0    
    BELLCREST UPGRADES 2016-01-01 19,572 2,489 SL 39.000000000000 503 503    
    AXA EQUITABLE LIFE INSURANCE 2016-12-05 34,405 3,571 SL 39.000000000000 882 882    
    CLIENT SOLUTIONS ARCHITECTS 2016-09-28 13,063 1,438 SL 39.000000000000 335 335    
    EPIC HEALTH SERVICES 2016-12-05 9,375 970 SL 39.000000000000 240 240    
    EVERBANK 2016-12-05 7,742 804 SL 39.000000000000 199 199    
    BUILDING - ROOF REPLACEMENT 2016-11-01 33,780 3,572 SL 39.000000000000 866 866    
    URZA'S TEAPOT 2016-12-05 8,068 837 SL 39.000000000000 207 207    
    COMMUNITY MEDICAL CENTER 2017-12-01 216,819 16,909 SL 39.000000000000 5,559 5,559    
    DEPARTMENT OF LABOR 2017-03-03 45,409 4,414 SL 39.000000000000 1,164 1,164    
    VITAL AXIS 2017-03-03 44,400 4,315 SL 39.000000000000 1,138 1,138    
    CLIENT SOLUTIONS ARCHITECTS "CSA" RELO 2018-03-24 70,861 5,072 SL 39.000000000000 1,817 1,817    
    NOVAGRADAC & COMPANY 2017-11-08 79,840 6,397 SL 39.000000000000 2,047 2,047    
    BRICK PET SALON HVAC REPLACEMENT 2017-01-01 4,040 1,389 200DB 7.000000000000 252 252    
    ROBERT HAGAN INSURANCE TI 2017-03-03 7,093 690 SL 39.000000000000 182 182    
    BUILDING ROOF REPLACEMENT 2017-12-31 61,041 4,760 SL 39.000000000000 1,565 1,565    
    HVAC 2017-07-01 48,364 7,053 ADS 12.000000000000 2,015 2,015    
    ROOF 2017-08-01 16,277 1,374 ADS 40.000000000000 407 407    
    EV-CONSULTING LLC 2017-12-01 6,306 481 ADS 40.000000000000 158 158    
    BUILDING COST 2017-02-14 3,632,132 351,862 ADS 40.000000000000 90,803 90,803    
    LAND COST 2017-02-14 964,448   L   0 0    
    BV BOILER 2018-10-16 112,116   SL 15.000000000000 0 7,474    
    BUILDING - ROOF REPLACEMENT 2018-10-01 58,800 3,330 SL 39.000000000000 1,508 1,508    
    NJ MONUMENT TI 2018-10-28 10,504 594 SL 39.000000000000 269 269    
    SHORE KICKBOXING HVAC REPLACEMENT 2018-09-12 6,195   200DB 7.000000000000 0 885    
    HIKEARMENIA BUILDING 2018-01-01 16,715 1,648 ADS 30.000000000000 557 0    
    HIKEARMENIA FURNITURE 2018-01-01 10,894 2,610 ADS 12.000000000000 908 0    
    TARDIS - 3RD AMENDMENT IMPROVEMENTS 2019-11-04 14,233 411 SL 39.000000000000 365 365    
    MARINER FINANCE 2019-07-17 37,202 1,391 SL 39.000000000000 954 954    
    FINANCIAL ALTERNATIVES (1ST AMENDMENT) 2019-07-17 9,841 368 SL 39.000000000000 252 252    
    BANCROFT NEUROHEALTH 2019-07-17 69,814 2,610 SL 39.000000000000 1,790 1,790    
    MORGAN STANLEY (5TH AMENDMENT)   19,360   L   0 0    
    BANCROFT NEUROHEALTH   7,717   L   0 0    
    COMMUNITY RESOURCES CENTER TI   242   L   0 0    
    ANGELICA ROMAN (2ND AMENDMENT)   1,289   L   0 0    
    JACKS BARBER SHOP 2019-04-24 12,589 552 SL 39.000000000000 323 323    
    DOMINO'S 2019-02-04 22,500 1,082 SL 39.000000000000 577 577    
    JOE'S BAGEL 2020-01-21 76,250 1,874 SL 39.000000000000 1,955 1,955    
    ST. BARNABAS   25,569   L   0 0    
    AXA - 3RD AMENDMENT 2020-01-01 51,304 1,261 SL 39.000000000000 1,261 1,261    
    NEVERIMAGE STUDIO 2021-10-19 16,622   SL 39.000000000000 85 85    
    BELLCREST UPGRADES (ROOF) 2021-05-01 260,176   SL 39.000000000000 4,447 4,447    
    ROOF 2021-12-01 7,862   SL 39.000000000000 17 17    
    BUILDING 2021-12-01 10,597,500   SL 39.000000000000 22,644 22,644    
    LAND 2021-12-01 1,177,500   L   0 0    
    IONIZATION SYSTEM 2021-04-09 39,845   SL 39.000000000000 745 745    
    AIR COMPRESSOR 2021-06-18 37,172   SL 39.000000000000 512 512    
    AIR COMPRESSOR 2021-06-04 20,387   SL 39.000000000000 301 301    
    RTU#6 REPLACEMENT 2021-06-04 49,160   SL 39.000000000000 725 725    
    CARPET REPLACEMENT 2021-11-05 45,965   SL 39.000000000000 181 181    
    USI - JOB C291 2021-09-27 109,057   SL 39.000000000000 728 728    
    COMCAST JOB C-294 2021-11-05 53,960   SL 39.000000000000 212 212    
    ROOF 2021-12-01 77,657   SL 39.000000000000 169 169    
    DOORS/WINDOWS 2021-12-01 16,000   SL 39.000000000000 8 8    
    FF&E YEREVAN 2021-12-28 61,384   SL 39.000000000000 13 13    

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    TY 2021 ExpenditureResponsibilityStmt
    Name:
    THE H HOVNANIAN FAMILY FOUNDATION
     
    INC
    EIN:
    59-2714390
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    ACS IC OUR LADY OF ARMENIA CONVENT
          		6 CHARENTS STREET ANI DISTRICT
    GYUMRI   3126
    AM     		2021-06-04 25,000 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 25,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-06-04 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    ALLEPO NGO
          		11 NORTHERN AVENUE FLOOR 1
    YEREVAN    
    AM     		2021-03-02 10,000 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 10,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-03-02 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    ARMENIA SME FUND
          		412F ROUTE DESCH
    LUXEMBOURG   L-2086
    LU     		2021-03-29 247,149 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 247,149 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-03-29 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    BARS MEDIA CULTURAL FOUNDATION
          		SEPUH ST 20
    YEREVAN   0028
    AM     		2019-09-01 17,903 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 17,903 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21, 12/31/20, 12/31/19 2021-12-31 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    GRADARAK EDUCATION AND CULTURAL NGO
          		26 14 BABAYAN STR
    YEREVAN    
    AM     		2021-03-02 18,000 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 18,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-03-02 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    KOMUNNAKHAGITS INSTITUTE LLC
          		83 VARDANANTS ST BLIND ALLEY 8
    BUILDING 1ST FLOOR
    YEREVAN   0010
    AM     		2021-06-14 9,603 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 9,603 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-06-14 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    KOORIGS INC
          		RUBINYANTS 28
    YEREVAN   0069
    AM     		2021-01-12 25,000 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 25,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-01-12 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    PROGRESSIVE MEDICINE NGO
          		KAZAZNUNU 14
    YEREVAN    
    AM     		2021-04-30 5,792 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 5,792 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-04-30 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    REPAT ARMENIA FOUNDATION
          		2/2 MELIK ADAMYAN STREET 5TH FLOOR
    YEREVAN   0010
    AM     		2021-01-05 154,800 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 154,800 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-01-05 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    SUPPORT TO JAVAKHK FUND
          		ARSHKUNYATS AVENUE 302 SHENK APT 3
    YEREVAN    
    AM     		2021-04-01 30,790 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 30,790 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-04-01 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    WOMEN'S SUPPORT CENTER
          		21/1 TUMANYAN STREET
    YEREVAN    
    AM     		2019-04-15 20,000 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 20,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21, 12/31/20, 12/31/19 2021-12-31 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    SEASONS OF GIVING
          		207 OHIO AVE
    EGG HARBOR TOWNSHIP,NJ08234     		2021-12-15 500 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 500 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-12-15 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    JRABI LLC
          		1 ZANG BUILDING 76/77 APT 24
    YEREVAN   0056
    AM     		2021-06-14 926 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 926 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-06-14 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    AKNAGHBYUR COMMUNITY
          		AKNAGHBYUR VILLAGE
    YEREVAN   4016
    AM     		2021-06-14 16,166 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 16,166 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-06-14 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    HAYK PETROSYAN
          		BAGREVAND 50 HOUSE
    YEREVAN   0062
    AM     		2021-06-14 5,248 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 5,248 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-06-14 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    TARIEL MKRTCHYAN
          		PURAKAIN ST 2ND LANE HOUSE 3
    HRAZDAN CITY   2303
    AM     		2021-06-14 5,356 UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE AND TO ASSIST IN COVERING A PORTION OF THE OPERATING COSTS OF THE CHARITABLE ORGANIZATION. 5,356 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/31/21 2021-06-14 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE H HOVNANIAN FAMILY FOUNDATION
     
    INC
    EIN:
    59-2714390
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENTS 153,408,538 166,891,642

    TY 2021 InvestmentsLandSchedule2
    Name:
    THE H HOVNANIAN FAMILY FOUNDATION
     
    INC
    EIN:
    59-2714390
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 3,658,500 902,902 2,755,598  
    LAND 3,116,500 0 3,116,500  
    BUILDING 10,075,000 2,249,650 7,825,350  
    LAND 5,425,000 0 5,425,000  
    BUILDING 2,310,000 515,803 1,794,197  
    LAND 1,890,000 0 1,890,000  
    DOLLAR TREE FASCADE 188,890 42,578 146,312  
    HVAC UNIT 53,525 53,525 0  
    DOLLAR TREE IMPROVEMENTS 236,906 52,903 184,003  
    JIU JITSU IMPROVEMENTS 19,690 4,145 15,545  
    EVERBANK IMPROVEMENTS 11,518 2,495 9,023  
    DOLLAR TREE ADDITIONAL IMPROVEMENTS 153,340 28,343 124,997  
    SECURITY SYSTEM 6,737 6,737 0  
    CMC 15,930 3,043 12,887  
    FINANCIAL ALTERNATIVES 27,620 5,491 22,129  
    BELLCREST UPGRADES 40,657 6,469 34,188  
    BELLCREST UPGRADES 19,572 2,992 16,580  
    AXA EQUITABLE LIFE INSURANCE 34,405 4,453 29,952  
    CLIENT SOLUTIONS ARCHITECTS 13,063 1,773 11,290  
    EPIC HEALTH SERVICES 9,375 1,210 8,165  
    EVERBANK 7,742 1,003 6,739  
    BUILDING - ROOF REPLACEMENT 33,780 4,438 29,342  
    URZA'S TEAPOT 8,068 1,044 7,024  
    COMMUNITY MEDICAL CENTER 216,819 22,468 194,351  
    DEPARTMENT OF LABOR 45,409 5,578 39,831  
    VITAL AXIS 44,400 5,453 38,947  
    CLIENT SOLUTIONS ARCHITECTS "CSA" RELO 70,861 6,889 63,972  
    NOVAGRADAC & COMPANY 79,840 8,444 71,396  
    BRICK PET SALON HVAC REPLACEMENT 4,040 3,661 379  
    ROBERT HAGAN INSURANCE TI 7,093 872 6,221  
    BUILDING ROOF REPLACEMENT 61,041 6,325 54,716  
    HVAC 48,364 33,250 15,114  
    ROOF 16,277 1,781 14,496  
    EV-CONSULTING LLC 6,306 639 5,667  
    BUILDING COST 3,632,132 442,665 3,189,467  
    LAND COST 964,448 0 964,448  
    BV BOILER 112,116 112,116 0  
    BUILDING - ROOF REPLACEMENT 58,800 4,838 53,962  
    NJ MONUMENT TI 10,504 863 9,641  
    SHORE KICKBOXING HVAC REPLACEMENT 6,195 6,195 0  
    TARDIS - 3RD AMENDMENT IMPROVEMENTS 14,233 776 13,457  
    MARINER FINANCE 37,202 2,345 34,857  
    FINANCIAL ALTERNATIVES (1ST AMENDMENT) 9,841 620 9,221  
    BANCROFT NEUROHEALTH 69,814 4,400 65,414  
    MORGAN STANLEY (5TH AMENDMENT) 19,360 0 19,360  
    BANCROFT NEUROHEALTH 7,717 0 7,717  
    COMMUNITY RESOURCES CENTER TI 242 0 242  
    ANGELICA ROMAN (2ND AMENDMENT) 1,289 0 1,289  
    JACKS BARBER SHOP 12,589 875 11,714  
    DOMINO'S 22,500 1,659 20,841  
    JOE'S BAGEL 76,250 3,829 72,421  
    ST. BARNABAS 25,569 0 25,569  
    AXA - 3RD AMENDMENT 51,304 2,522 48,782  
    NEVERIMAGE STUDIO 16,622 85 16,537  
    BELLCREST UPGRADES (ROOF) 260,176 4,447 255,729  
    ROOF 7,862 17 7,845  
    BUILDING 10,597,500 22,644 10,574,856  
    LAND 1,177,500 0 1,177,500  
    IONIZATION SYSTEM 39,845 745 39,100  
    AIR COMPRESSOR 37,172 512 36,660  
    AIR COMPRESSOR 20,387 301 20,086  
    RTU#6 REPLACEMENT 49,160 725 48,435  
    CARPET REPLACEMENT 45,965 181 45,784  
    USI - JOB C291 109,057 728 108,329  
    COMCAST JOB C-294 53,960 212 53,748  
    ROOF 77,657 169 77,488  
    DOORS/WINDOWS 16,000 8 15,992  
    FF&E YEREVAN 61,384 13 61,371  

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE H HOVNANIAN FAMILY FOUNDATION
     
    INC
    EIN:
    59-2714390
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PIXEL LABS AT COST 9,996 9,996
    GECKO ROBOTICS AT COST 44,992 44,992
    DISCOTECH AT COST 50,000 50,000
    VINETI INC AT COST 50,000 50,000
    SURPRISE HR AT COST 100,000 100,000
    SERVICE TITAN AT COST 107,693 107,693
    CODEFIGHTS AT COST 142,943 142,943
    KRISP TECHNOLOGIES AT COST 150,000 150,000

    TY 2021 LandEtcSchedule2
    Name:
    THE H HOVNANIAN FAMILY 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  
    YEREVAN BUILDING/LAND 2,385,960 0 2,385,960  
    YEREVAN LAND 66,739 0 66,739  
    HIKEARMENIA BUILDING 16,715 2,205 14,510  
    HIKEARMENIA FURNITURE 10,894 3,518 7,376  


    TY 2021 LegalFeesSchedule
    Name:
    THE H HOVNANIAN FAMILY FOUNDATION
     
    INC
    EIN:
    59-2714390
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 12,583 0   12,583


    TY 2021 OtherAssetsSchedule
    Name:
    THE H HOVNANIAN FAMILY FOUNDATION
     
    INC
    EIN:
    59-2714390
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID VAT TAX 95,184 54,675 54,675


    TY 2021 OtherExpensesSchedule
    Name:
    THE H HOVNANIAN FAMILY FOUNDATION
     
    INC
    EIN:
    59-2714390
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANNUAL REPORT 220 0   220
    STATE REPRESENTATION 398 0   398
    ARMENIA OPERATING & OVERHEAD COSTS 172,840 0   172,840
    OFFICE EXPENSE 1,724 0   1,724
    MISCELLANEOUS 2,057 0   2,057
    INVESTMENT SERVICES 50,637 0   50,637
    PAYROLL CHARGES 1,015 0   1,015
    DUES & SUBS 30,708 0   30,708
    WORKERS COMP 787 0   787
    MEDICAL EXPENSES 12,409 0   12,409


    TY 2021 OtherIncomeSchedule2
    Name:
    THE H HOVNANIAN FAMILY FOUNDATION
     
    INC
    EIN:
    59-2714390
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    EXCHANGE RATE - LOSS -2,284 -2,284 -2,284
    INVESTMENT INCOME 1,150,597 1,150,597 1,150,597


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE H HOVNANIAN FAMILY FOUNDATION
     
    INC
    EIN:
    59-2714390
    Description Beginning of Year - Book Value End of Year - Book Value
    TENANT SECURITY DEPOSITS 170,130 200,325


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE H HOVNANIAN FAMILY FOUNDATION
     
    INC
    EIN:
    59-2714390
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROKER AND INVESTMENT ADVISORY FEES 1,189,407 1,114,635   0


    TY 2021 SubstantialContributorsSch
    Name:
    THE H HOVNANIAN FAMILY FOUNDATION
     
    INC
    EIN:
    59-2714390
    Name Address
    HIRAIR HOVNANIAN DEC 040821 4000 ROUTE 66
    TINTON FALLS,NJ07753


    TY 2021 TaxesSchedule
    Name:
    THE H HOVNANIAN FAMILY FOUNDATION
     
    INC
    EIN:
    59-2714390
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 272,421 272,421   0
    EXCISE TAX 225,914 0   0