2022-11-15T20:40:17-06:00 2021-12-31 271728945 PKF O'CONNOR DAVIES LLP 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2021-01-01 133668065 GREYSTON HEALTH SERVICES INC GREY 9143763900 21 PARK AVENUE YONKERS NY 10703 JOSEPH D KENNER PRESIDENT 9143763900 2022-11-15 1 JOSEPH KENNER 999009999 GARRETT M HIGGINS P00543209 2017129800 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JOSEPH D KENNER 21 PARK AVENUE YONKERS NY 10703 441133 0 X WWW.GREYSTON.ORG X 1991 DE SEE SCHEDULE O. 17 16 9 30 0 0 3186267 343804 214123 96903 45 426 0 0 3400435 441133 0 0 0 0 706138 298029 0 0 25439 830694 736776 1536832 1034805 1863603 -593672 5334073 4445682 394671 100248 4939402 4345434 X SEE SCHEDULE O. 0 1 883245 96903 THE ORGANIZATION WAS HOME TO ISSAN HOUSE, A 35-UNIT SUPPORTIVE CARE HOUSING FACILITY FOR FORMERLY HOMELESS PEOPLE LIVING WITH HIV/AIDS, 95% OF WHOM HAVE A DUAL DIAGNOSIS OF MENTAL ILLNESS AND DRUG AND ALCOHOL ADDICTION. ISSAN WAS THE ONLY FACILITY OF ITS KIND IN WESTCHESTER COUNTY, NY. INDIVIDUALS RESIDING AT ISSAN HOUSE HAD A PERMANENT HOME AND ACCESS TO ONGOING SERVICES WHILE STRIVING TOWARD PERSONAL SELF-SUFFICIENCY. EACH YEAR, 27-50 TENANTS ARE PROVIDED WITH AN ARRAY OF SPECIALIZED SOCIAL SERVICES INCLUDING CASE MANAGEMENT, COUNSELING, BENEFITS ASSISTANCE, LIFE SKILLS TRAINING, ADVOCACY, TRANSPORTATION TO APPOINMENTS, REFERALLS TO OTHER SERVICES AND THREE NUTRITIOUS MEALS DAILY. IN 2021, 27 INDIVIDUALS WERE HOUSED. UNFORTUNATELY, ISSAN HOUSE WAS CLOSED IN JUNE 2021. 883245 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 3 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 1 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 NY X X DAISY PINERO 9147587945 21 PARK AVENUE YONKERS NY 10703 JOSEPH D KENNER PRESIDENT & CEO 25.00 20.00 X X 0 291831 0 ANDREW YEARLEY CHAIR 1.00 2.00 X X 0 0 0 JO SAUER SECRETARY 1.00 1.00 X X 0 0 0 TY HOOKWAY TREASURER 1.00 1.00 X X 0 0 0 JOAN BINSTOCK DIRECTOR, 6/2021 1.00 2.00 X 0 0 0 CANDICE COOK DIRECTOR 1.00 1.00 X 0 0 0 RAMI EFAL DIRECTOR 1.00 1.00 X 0 0 0 EDWARD FALKENBERG DIRECTOR 1.00 2.00 X 0 0 0 DARRAH FELDMAN DIRECTOR 1.00 1.00 X 0 0 0 ALEIDA FREDERICO DIRECTOR 1.00 1.00 X 0 0 0 MARCUS GLOVER DIRECTOR 1.00 1.00 X 0 0 0 JEFF HENDERSON DIRECTOR 1.00 1.00 X 0 0 0 JOHN JOVE DIRECTOR 1.00 1.00 X 0 0 0 KAREN KOCHEVAR DIRECTOR 1.00 2.00 X 0 0 0 GABRIELLE LESSER DIRECTOR 1.00 1.00 X 0 0 0 DANIEL MAGNUS DIRECTOR 1.00 1.00 X 0 0 0 GLORIA MIRRIONE DIRECTOR 1.00 1.00 X 0 0 0 DR AUDREY TOMLINSON DIRECTOR 1.00 1.00 X 0 0 0 JULIE A TEDFORD VP OF FIN & OPS 25.00 20.00 X 0 132479 0 ERIKA CHRISTENSEN DIRECTOR OF HOUSING 40.00 X 106533 0 0 106533 424310 0 1 0 1 0 GREYSTON FOUNDATION 21 PARK AVENUE YONKERS NY 10703 MANAGEMENT FEE 169593 ELITE INVESTIGATIONS LTD 2001 CENTRAL PARK AVENUE YONKERS NY 10710 SECURITY SERVICES 111401 2 328804 15000 343804 SUPPORTIVE HOUSING SER 624100 96903 96903 96903 426 426 441133 96903 0 426 258297 258297 4049 4049 20322 20322 15361 15361 182745 72510 84796 25439 18500 18500 97718 97718 4889 4889 163524 163524 14838 14838 17154 17154 REPAIRS AND MAINTENANCE 191300 191300 CLIENT ACTIVITIES 23283 23283 BAD DEBT EXPENSE 22825 22825 1034805 883245 126121 25439 700 0 2321357 1525765 141271 0 5191 0 14413 30260 381338 186690 209487 194648 2508089 2508089 133565 186920 5334073 4445682 106440 55509 288231 44739 394671 100248 X 4939402 4345434 4939402 4345434 5334073 4445682 X -593672 -296 X X 0 1 X 0 0 X 1073333 1014434 924206 3186267 343804 6542044 1073333 1014434 924206 3186267 343804 6542044 1869145 4672899 22 18 207 45 426 718 6542762 1485621 0.71420 0.73890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 208382 31168 177214 172956 155522 17434 194648 LOAN RECEIVABLE FROM WHOLLY-OWNED SUBSIIDIARY 2508089 C 2508089 DUE TO PARENT 43929 CUMULATIVE LOSSES FROM INVESTMENT IN LIMITED PARTNERSHIP 810 44739 X 432929 27879 27879 405050 36083 36083 441133 1322599 323877 323877 998722 36083 36083 1034805 PART X, LINE 2: THE ORGANIZATION, AS A WHOLE, RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THE TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTED TO SUBSIDIARIES 27,879. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS MADE DURING CONSOLIDATION 36,083. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTED TO SUBSIDIARIES 323,877. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS 36,083. 0 0 0 0 0 0 0 0 0 JOSEPH D KENNER PRESIDENT & CEO 0 291831 0 0 0 0 0 0 0 0 0 291831 0 0 PART I, LINE 3 JOSEPH KENNER SERVES A DUAL ROLE AS CEO AND PRESIDENT OF GREYSTON FOUNDATION, AS WELL AS PRESIDENT OF GREYSTON BAKERY, INC., THE FOR-PROFIT SOCIAL ENTERPRISE THAT IS WHOLLY-OWNED BY THE GREYSTON FOUNDATION. IN ORDER TO DETERMINE JOSEPH KENNER'S TOTAL SALARY, THE BOARD OF DIRECTORS APPOINTED A SUB-COMMITTEE OF DIRECTORS, WHO CONSIDERED COMPARABLE SALARIES FOR SIMILAR SIZED ORGANIZATIONS, DISCUSSIONS WITH OUTSIDE RECRUITERS AND OTHER FACTORS SUCH AS LEVEL OF EXPERIENCE AND AREAS OF RESPONSIBILITY. IN 2021, APPROXIMATELY 50% OF MR. KENNER'S SALARY WAS ALLOCATED TO GREYSTON BAKERY, INC. BASED ON THE ESTIMATED TIME REQUIRED TO FULFILL HIS DUTIES WITH THIS ORGANIZATION. THE REVIEW OF MR. KENNER'S COMPENSATION IS CONDUCTED ANNUALLY, WITH THE FINAL RECOMMENDATIONS DOCUMENTED AND APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS. ONLY THE CEO COMPENSATION IS DETERMINED BY THE BOARD. FOR THE OTHER MEMBERS OF THE EXECUTIVE TEAM, THE CEO ALONG WITH THE SENIOR HR LEADERS AND CONSULTATION WITH THE BOARD DETERMINE THE COMPENSATION. A NUMBER OF FACTORS ARE CONSIDERED INCLUDING COMPARABLE SALARIES FOR SIMILAR SIZED ORGANIZATIONS, DISCUSSIONS WITH OUTSIDE RECRUITERS AND OTHER FACTORS SUCH AS LEVEL OF EXPERIENCE, ETC. FORM 990, PART I, LINE 1 FOUNDED 1982, GREYSTON HAS GROWN INTO ONE OF THE COUNTRY'S LEADING SOCIAL ENTERPRISES. GREYSTON'S MISSION IS TO UNLOCK THE POWER OF HUMAN POTENTIAL THROUGH INCLUSIVE EMPLOYMENT, ONE PERSON AT A TIME. WE PROVIDE PATHS TO EMPLOYMENT AND COMMUNITY PROGRAMMING TO ANYONE IN NEED TO ASSIST OUR NEIGHBORS, AND MEET OUR COMBINED SOCIAL, ENVIRONMENTAL, AND FINANCIAL GOALS. GREYSTON PROMOTES INCLUSION, OFFERS SUPPORT TO DISENFRANCHISED PEOPLE, BATTLES AGAINST SYSTEMIC INEQUITIES, AND ADVOCATES FOR A LEVEL PLAYING FIELD FOR ALL, REGARDLESS OF THEIR PASTS. FOR NEARLY 40 YEARS, GREYSTON HAS OPENED ITS DOORS TO THOSE WHO ORDINARILY FACE REJECTION, AND HAS PROVIDED INDIVIDUALS AND COMMUNITIES STRUGGLING TO PROSPER AN OPPORTUNITY TO THRIVE. WHEN PEOPLE SAY THEY WANT TO WORK, WE GIVE THEM A CHANCE, REPLACING SCRUTINY WITH TRUST, TRANSFORMING LIVES AND COMMUNITIES, AND BREAKING THE CYCLES OF POVERTY IN THE PROCESS. GREYSTON CREATES PATHWAYS TO SUCCESS THROUGH A VARIETY OF WORKFORCE AND EMPLOYEE TRAINING AND DEVELOPMENT PROGRAMS, AND SCALES OUR MISSION THROUGH THE GREYSTON ECONOMIC OPPORTUNITY CENTER (GEOC), SHARING OUR EXPERTISE AND EXPERIENCE WITH BUSINESS LEADERS, AND GUIDING COMPANIES IN BUILDING MORE INCLUSIVE WORKFORCES. FORM 990, PART III, LINE 1 ISSAN HOUSE (THE PRINCIPAL PROGRAM OF THE RELATED GREYSTON HEALTH SERVICES NOT-FOR-PROFIT ENTITY) WAS A 35-UNIT SUPPORTIVE CARE HOUSING FACILITY FOR FORMERLY HOMELESS PEOPLE LIVING WITH HIV/AIDS, 95% OF WHOM HAVE A DUAL DIAGNOSIS OF MENTAL ILLNESS AND DRUG AND ALCOHOL ADDICTION. ISSAN HOUSE WAS THE ONLY FACILITY OF ITS KIND IN WESTCHESTER COUNTY, NY. INDIVIDUALS RESIDING AT ISSAN HOUSE HAD A PERMANENT HOME AND ACCESS TO ONGOING SERVICES WHILE STRIVING TOWARD PERSONAL SELF-SUFFICIENCY. EACH YEAR, 33-50 TENANTS ARE PROVIDED WITH AN ARRAY OF SPECIALIZED SOCIAL SERVICES INCLUDING CASE MANAGEMENT, COUNSELING, BENEFITS ASSISTANCE, LIFE SKILLS TRAINING, ADVOCACY, TRANSPORTATION TO APPOINTMENTS, REFERRALS TO OTHER SERVICES AND THREE NUTRITIOUS MEALS DAILY. UNFORTUNATELY, IN JUNE 2021, ISSAN HOUSE PERMANENTLY CLOSED. FORM 990, PART III, LINE 3 THE ORGANIZATION CEASED CONDUCTING THE ISSAN HOUSE HOUSING FACILITY. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES AN OUTSIDE MANAGEMENT COMPANY, ADP TOTAL SOURCE INC., A PROFESSIONAL EMPLOYER ORGANIZATION ("PEO") AS A CO-EMPLOYER. ADP WAS PAID $13,152 DURING 2021 FOR THEIR SERVICES. THE COMPENSATION FOR THOSE LISTED IN PART VII WERE PAID BY THE PEO. THE ORGANIZATION ALSO PAYS MANAGEMENT FEES TO GREYSTON FOUNDATION, INC. FOR: 1) ACCOUNTING SUPPORT. ALL BILL PAYING AND A/R COLLECTION. PREPARATION OF ALL FINANCIALS. 2) FINANCE SUPPORT. BUDGETING. FINANCIAL ANALYSIS. 3) HUMAN RESOURCES. ALL HR EMPLOYEE RELATIONS, PAPERWORK, BENEFITS ADMINISTRATION AND RECRUITING. 4) IT 5) GOVERNMENT GRANT WRITING AND COMPLIANCE. 6) PRIVATE FUNDING DEVELOPMENT AND SUPPORT. 7) PATHMAKING SERVICES FOR PROFESSIONAL AND PERSONAL DEVELOPMENT. GREYSTON FOUNDATION, INC. WAS PAID $169,593 DURING 2021 FOR THEIR SERVICES. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS GREYSTON FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS SHALL BE ELECTED BY THE SOLE MEMBER OF GREYSTON HEALTH SERVICES AT THE ANNUAL MEETING OF THE SOLE MEMBER. EACH DIRECTOR SO ELECTED SHALL HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF THE SOLE MEMBER AND UNTIL HIS OR HER SUCCESSOR IS DULY ELECTED AND QUALIFIED, OR UNTIL HIS OR HER EARLIER RESIGNATION OR REMOVAL. VACANCIES AND NEWLY CREATED DIRECTORSHIPS ARISING AT ANY TIME AND RESULTING FROM ANY CAUSE MAY BE FILLED BY THE SOLE MEMBER, AND THE DIRECTORS SO CHOSEN SHALL HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF THE SOLE MEMBER AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFIED OR UNTIL THEIR RESIGNATION OR REMOVAL. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER SHALL HAVE THE EXCLUSIVE POWER TO AMEND THE CORPORATION'S CERTIFICATE OF INCORPORATION AND BY-LAWS AT ANY MEETING OF THE SOLE MEMBER FOR WHICH WRITTEN NOTICE OF THE PROPOSED AMENDMENT HAD BEEN GIVEN. THE BOARD OF DIRECTORS OF THE CORPORATION MAY PROPOSE AMENDMENTS TO THE BY-LAWS AND THE CERTIFICATE OF INCORPORATION FOR CONSIDERATION BY THE SOLE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARER EMAILS A COPY OF A DRAFT VERSION OF FORM 990 TO THE TREASURER WHO, IN TURN, EMAILS THE DRAFT VERSION OF FORM 990 TO EACH BOARD MEMBER FOR REVIEW. EACH BOARD MEMBER IS REQUESTED TO SUBMIT ANY COMMENTS TO THE TREASURER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. ONCE ALL COMMENTS ARE RESOLVED, A FINAL VERSION OF FORM 990 IS EMAILED TO EACH BOARD MEMBER AND FILED WITH THE INTERNAL REVENUE SERVICE BY THE APPLICABLE DUE DATE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION, FORM 990, FORM 1023 AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 21 PARK AVENUE, YONKERS, NY 10703 OR BY CALLING THE ORGANIZATION DIRECTLY AT 914-376-3900. FORM 990, PART XI, LINE 9: EQUITY IN LOSSES OF LIMITED PARTNERSHIP -296. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE OF GREYSTON FOUNDATION, INC., ASSUMES, FOR ALL OF ITS RELATED TAX EXEMPT ORGANIZATIONS, RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTING FIRM. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. GREYSTON FOUNDATION INC 21 PARK AVENUE YONKERS NY 10703 133717310 SUPPORT LOW-INCOME FAMILIES AND INDIVIDUALS NY 501(C)(3) LINE 7 N/A 0 23 PARK AVENUE LIMITED PARTNERSHIP 21 PARK AVENUE YONKERS NY 10570 133895618 LOW-INCOME HOUSING NY 23 PARK AVENUE INC RELATED 0 0 104 ASHBURTON HOLDING CORPORATION 21 PARK AVENUE YONKERS NY 10703 300007791 HOLDING COMPANY NY GREYSTON FOUNDATION INC C 0 104 ASHBURTON PROPERTY CORPORATION 21 PARK AVENUE YONKERS NY 10703 300007785 REAL ESTATE NY 104 ASHBURTON HOLDING CORPORATION C 0 GREYSTON BAKERY INC 104 ALEXANDER STREET YONKERS NY 10703 133456330 WHOLESALE BAKERY NY 104 ASHBURTON HOLDING CORPORATION C 0 23 PARK AVENUE INC 21 PARK AVENUE YONKERS NY 10570 133895615 GENERAL PARTNER IN 23 PARK AVENUE LIMITED PARTNERSHIP, INC. NY GREYSTON HEALTH SERVICES INC C 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0