| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION IS A MEMBERSHIP CORPORATION FORMED IN 1984. NYSARC INC., NEW YORK CITY CHAPTER (AHRC NYC), ACTING THROUGH ITS BOARD OF DIRECTORS, IS THE SOLE MEMBER. THE ORGANIZATION IS GOVERNED BY ITS OWN BOARD OF DIRECTORS, WHICH IS RESPONSIBLE FOR ITS OPERATIONS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S SOLE MEMBER, AHRC NYC, HAS BEEN RESERVED THE POWER WITHIN PROPERTIES' BYLAWS TO APPOINT AND REMOVE PROPERTIES' BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE ORGANIZATION'S SOLE MEMBER, AHRC NYC, HAS BEEN RESERVED THE POWER WITHIN PROPERTIES' BYLAWS TO ALTER, AMEND, REVISE, OR REPEAL PROPERTIES' BYLAWS. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ORGANIZATION DOES NOT CURRENTLY HAVE ANY COMMITTEES OTHER THAN ITS BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, WHICH SERVED AS PAID PREPARER, WITH THE ASSISTANCE FROM THE STAFF OF AHRC NYC. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE FULL BOARD OF THE ORGANIZATION IN EITHER PAPER OR ELECTRONIC FORM FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER IS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY VERY CAREFULLY. DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE POSSIBLE CONFLICTS OF INTEREST UPON JOINING THE ORGANIZATION, WHEN A CONFLICT ARISES, AND ANNUALLY BY FILLING OUT A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE DISCLOSURE STATEMENT IS PROVIDED TO THE SECRETARY OF THE CORPORATION. DECISIONS RELATING TO CONFLICTS ARE DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 13 AND 14: THE ORGANIZATION OPERATES UNDER THE WHISTLEBLOWER AND DOCUMENT RETENTION POLICY OF ITS SOLE MEMBER, AHRC NYC. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, AND AT MANAGEMENT'S DISCRETION. |
| FORM 990, PART VII | AHRC NYC PROPERTIES INC. DOES NOT HAVE ITS OWN EMPLOYEES OR ITS OWN PAYROLL. ALL EMPLOYEES PROVIDING SERVICES TO AHRC NYC PROPERTIES INC. RECEIVE THEIR W-2S FROM A RELATED ORGANIZATION, NYSARC, INC. NEW YORK CITY CHAPTER. THIS COMPENSATION IS REPORTED ON FORM 990, PART VII AND SCHEDULE J. |
| FORM 990, PART VIII, LINE 7: | INFORMATION ON GAINS FROM SALE OF ASSETS: (1) 317 W 95TH STREET, APT. #6F, NY, NY 10025 (RESPITE). SOLD: OCTOBER 2024. - THIS WAS A MANHATTAN RESPITE CONDO UNIT 6F, THAT WAS PURCHASED IN 1993. NO DEBT WAS ON THIS UNIT. THE APARTMENT WAS NOT IN USE AND WAS VACANT PRIOR TO THE PANDEMIC. WHEN THE NEED FOR A MANHATTAN RESPITE ARISES, AHRC NYC CAN RENT A HOTEL ROOM OR AN AIRBNB AT LOW COST ON A SHORT-TERM BASIS. THE CONDO UNIT WAS SOLD IN OCTOBER 2024. THE PROCEEDS FROM THE SALE OF THE RESPITE CONDO WAS REINVESTED TO A BUILDING FUND TO BE USED TO MAKE MAJOR NEEDED RENOVATIONS TO OUR EXISTING OWNED RESIDENCES. (2) 106 W. 81ST STREET, NY, NY 10024 (JACOBS TOWNHOUSE)/(IRA). SOLD: FEBRUARY 2025 - THIS IRA TOWNHOUSE WAS PURCHASED IN 1984. NO DEBT WAS ON THE TOWNHOUSE. THE INDIVIDUALS WERE RELOCATED TO EXISTING RESIDENCES THAT WERE BETTER SUITED FOR THEIR LIVING ARRANGEMENT. THE HOME NEEDED MAJOR COSTLY RENOVATIONS AND THE LIVING ARRANGEMENTS WAS NOT IDEAL FOR THE INDIVIDUALS WALKING UP AND DOWN THE MULTI-LEVEL OF STAIRS. THE BUILDING WAS SOLD IN FEBRUARY 2025. THE PROCEEDS FROM THE SALE OF THE TOWNHOUSE WAS REINVESTED TO A BUILDING FUND TO BE USED TO MAKE MAJOR NEEDED RENOVATIONS TO OUR EXISTING OWNED RESIDENCES. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION DOES NOT CURRENTLY HAVE ANY COMMITTEES OTHER THAN ITS BOARD OF DIRECTORS. IN FISCAL YEAR 2025, THE ORGANIZATION'S FINANCIAL INFORMATION WAS CONSOLIDATED INTO AHRC NYC'S AUDITED FINANCIAL STATEMENTS. THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS WERE REVIEWED THIS YEAR BY AHRC NYC'S AUDIT COMMITTEE. |
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