2020-04-28T08:28:25-05:00 2019-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2018-07-01 135562230 GRAND STREET SETTLEMENT INC GRAN 2126741740 80 PITT STREET NEW YORK NY 10002 ROBERT CORDERO EXECUTIVE DIRECTOR 2126741740 2020-04-28 1 GARRETT M HIGGINS P00543209 9143818900 2020-04-28 108.35.122.103 2020-04-28 08:23:45 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C5C0E2060BEB3F24671B5CC0358F632D6B4109AD 2018 2020-09-23 17:36:50Z ROBERT CORDERO 80 PITT STREET NEW YORK NY 10002 23538876 0 X WWW.GRANDSETTLEMENT.ORG X 1916 NY SEE SCHEDULE O 24 24 649 2309 0 0 20977846 23123152 149702 158976 158855 146137 -115696 -112150 21170707 23316115 267841 131090 0 0 14750019 15502791 594 0 785810 5957532 5940343 20975986 21574224 194721 1741891 13555006 16110220 2655297 3244155 10899709 12866065 X SEE SCHEDULE OGRAND ST. SETTLEMENT EXPANDS OPPORTUNITIES FOR LOW-INCOME FAMILIES AND INDIVIDUALS BY PROVIDING CULTURALLY RELEVANT SERVICES THAT SUPPORT COMMUNITY BUILDING, ADVOCACY, SELF-DETERMINATION AND AN ENRICHED QUALITY OF LIFE. SINCE ITS FOUNDING IN 1916, GRAND ST. SETTLEMENT HAS OFFERED A CONTINUUM OF INNOVATIVE PROGRAMS RANGING FROM EARLY CHILDHOOD AND YOUTH DEVELOPMENT TO COMMUNITY SUPPORT FOR ADULTS AND SENIORS. 0 0 8967182 158976 SEE SCHEDULE O - EARLY CHILDHOOD SERVICESEARLY CHILDHOOD:GRAND ST. SETTLEMENT SERVED 307 CHILDREN (AGES BIRTH TO FIVE) AND THEIR FAMILIES IN FIVE EARLY CHILDHOOD EDUCATION CENTERS IN THE LOWER EAST SIDE OF MANHATTAN AND BUSHWICK, BROOKLYN. GSS ALSO PARTNERS WITH PRIVATE CHILDCARE PROVIDERS AT MULTIPLE LOCATIONS IN BROOKLYN TO HELP THEM IMPROVE THE QUALITY OF THEIR PROGRAMS TO MEET HEAD START STANDARDS. IN FY19, 78 FAMILIES IN THE EARLY CHILDHOOD PROGRAMS ACHIEVED THEIR GOALS OF COMPLETING A DEGREE PROGRAM, JOB TRAINING PROGRAM, RECEIVING LEGAL ASSISTANCE, OR OTHER KEY ACCOMPLISHMENTS. GSS LINKED 100 ELIGIBLE CHILDREN TO COMPREHENSIVE SPECIAL NEEDS SERVICES AND THERAPIES SUCH AS OCCUPATIONAL, PHYSICAL, AND SPEECH THERAPY. FAMILIES RECEIVED ALL SPECIAL NEEDS SERVICES FOR FREE, AND THE TOTAL VALUE OF THOSE SERVICES WAS APPROXIMATELY $10,000 PER CHILD. 7716174 131090 SEE SCHEDULE O - YOUTH AND COMMUNITY DEVELOPMENT PROGRAMSYOUTH AND COMMUNITY DEVELOPMENT PROGRAMS GSS PROVIDED OVER 3,000 HOURS OF OUT-OF-SCHOOL LEARNING AND ACTIVITIES TO OVER 5,000 SCHOOL-AGE CHILDREN FROM LOW-INCOME COMMUNITIES IN NEW YORK CITY. 94% OF AFTERSCHOOL PARTICIPANTS DECLARED A BADGE, DEMONSTRATING LEADERSHIP, TEAMWORK, PROBLEM-SOLVING, SERVICE, AND OR STEM SKILLS (SCIENCE, TECHNOLOGY, ENGINEERING, MATH). 77% OF GSS'S MIDDLE SCHOOL PARTICIPANTS STATED THAT THEIR AFTERSCHOOL PROGRAM MADE THEM MORE INTERESTED AND ENGAGED IN STEM TOPICS.GSS ALSO CONTINUED TO DEVELOP AND GROW THE GRANDLO CAF SOCIAL ENTERPRISE JOB TRAINING PROGRAM. IN ITS FIRST FULL YEAR OF OPERATION, 47 YOUNG PEOPLE (DEFINED AS "DISCONNECTED YOUTH" WHO ARE NOT IN SCHOOL OR NOT WORKING) COMPLETED THE PROGRAM WITH A JOB PLACEMENT OR A CAREER PATHWAY INCLUDING FURTHER EDUCATION OR JOB TRAINING. 31 TRAINEES EARNED THEIR BARISTA CERTIFICATION AND 5 TRAINEES PASSED THE NEW YORK CITY FOOD PROTECTION COURSE. 892010 SEE SCHEDULE O - SENIOR SERVICESSENIOR SERVICES: GSS IS COMMITTED TO ENSURING THAT OLDER ADULTS FROM THE LOW-INCOME COMMUNITIES WE SERVE HAVE THE SERVICES AND SUPPORTED NEEDED TO AGE IN PLACE AND REMAIN ACTIVE MEMBERS OF THE COMMUNITY. BEYOND BEING A SERVICE PROVIDER, GSS FUNCTIONS AS A GATHERING PLACE THAT HONORS THIS PERIOD OF LIFE FOR ITS TREMENDOUS POTENTIAL FOR PERSONAL GROWTH, WISDOM AND CREATIVITY, IMPROVING QUALITY OF LIFE BY OFFERING AMPLE OPPORTUNITIES FOR SENIORS TO VOLUNTEER AND EXPLORE THE RICH CULTURAL AND LINGUISTIC DIVERSITY THAT DEFINES THE LOWER EAST SIDE. OUR PRIMARY NEIGHBORHOOD SENIOR CENTER, THE GRAND COALITION OF SENIORS, IS LOCATED WITHIN OUR HEADQUARTERS BUILDING AT 80 PITT ST, ADJACENT TO LARGE NEW YORK CITY HOUSING AUTHORITY (NYCHA) DEVELOPMENTS, THE SAMUEL GOMPERS HOUSES, THE BARUCH HOUSES, AND NEAR TO SEVERAL OTHER NYCHA AND LOW-INCOME COMPLEXES. THE GRAND COALITION OF SENIORS SERVES NEARLY 2,000 PEOPLE A YEAR. GSS ALSO OPERATES SENIOR PROGRAMS AT A NATURALLY OCCURRING RETIREMENT COMMUNITY (NORC) IN THE BARUCH HOUSES WITH 800 PARTICIPANTS, AT OUR HUD202 SENIOR HOUSING FACILITY ON EAST 6TH ST, WHICH SERVES 108 SENIOR RESIDENTS, AND AT THE ESSEX CROSSING COMMUNITY CENTER AT 175 DELANCEY ST. IN ESSEX CROSSING, WHICH SERVES THE 150 SENIORS WHO LIVE IN THE BUILDING. THIS NETWORK OF SENIOR SERVICES PROVIDED OLDER ADULTS WITH ACCESS TO CONGREGATE MEALS AND CULTURALLY RELEVANT SERVICES THAT PROMOTE A SENSE OF COMMUNITY AND AN ACTIVE LIFESTYLE. IN FISCAL YEAR 2019, GSS SERVED 38,366 MEALS TO SENIORS. THE MONTHLY FOOD PANTRY, IN PARTNERSHIP WITH CITY HARVEST, DISTRIBUTED NEARLY 120,000 POUNDS OF FRESH AND HEALTHY FOOD TO NEIGHBORHOOD SENIORS AT NO COST. 271900 FAMILIES/SINGLE STOP:THROUGH OUR SINGLESTOP PROGRAM AND OTHER SOCIAL WORKER SUPPORT, IN FISCAL YEAR 2019 GSS SECURED BENEFITS AND SERVICES FOR 1,074 FAMILIES TOTALING $2.7 MILLION WORTH OF ASSISTANCE. GSS SUPPORTS FAMILIES IN MEETING THEIR FINANCIAL GOALS INCLUDING PROVIDING FREE TAX PREPARATION SERVICES TO 498 HOUSEHOLDS. GSS REFERRALS FOR LEGAL ASSISTANCE HELPED 183 HOUSEHOLDS WITH LEGAL ISSUES. 271900 17847266 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 225 0 649 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 1 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X NAIMA CHISOLM 2126741740 80 PITT STREET NEW YORK NY 10002 SYLVIA M MONTERO CHAIR 2.00 1.00 X X 0 0 0 RALPH W ROSE PRESIDENT 10.00 X X 0 0 0 JAMIE LORENZO- STRAHLENDORFF SECRETARY 1.00 X X 0 0 0 ALAN JAY BRAZIL TREASURER 2.00 X X 0 0 0 ADAM ANGELOWICZ DIRECTOR 1.00 1.00 X 0 0 0 JUDIA BLACK DIRECTOR 1.00 1.00 X 0 0 0 DIANA R BREEN DIRECTOR 1.00 X 0 0 0 ANDREW G CELLI JR DIRECTOR 1.00 0.20 X 0 0 0 STEPHEN DEDYO DIRECTOR 1.00 X 0 0 0 ROBERT J FRAIMAN JR DIRECTOR THRU OCTOBER 2018 1.00 X 0 0 0 ALEXANDER GARDNER DIRECTOR 1.00 X 0 0 0 JULIE GARDNER-KOSTER DIRECTOR THRU OCTOBER 2018 1.00 X 0 0 0 SCOTT GEWIRTZ DIRECTOR 1.00 X 0 0 0 TRACIE GOLDING-GERSON DIRECTOR 1.00 X 0 0 0 SARA JACKSON DIRECTOR THRU OCTOBER 2018 1.00 X 0 0 0 ALBERTO JIMENEZ DIRECTOR 1.00 X 0 0 0 KERRI KOLEN DIRECTOR 1.00 X 0 0 0 BRYAN KOPLIN DIRECTOR 1.00 0.10 X 0 0 0 DAVID LEE DIRECTOR 1.00 1.00 X 0 0 0 JOYCE LEE DIRECTOR 1.00 1.00 X 0 0 0 KENNETH LIEBMAN DIRECTOR 1.00 0.20 X 0 0 0 SUMYA OJAKLI DIRECTOR 1.00 1.00 X 0 0 0 AMY PASQUARIELLO DIRECTOR 1.00 0.10 X 0 0 0 TENILLE PHAM SKELTON DIRECTOR 1.00 1.00 X 0 0 0 VICTOR RASUK DIRECTOR 1.00 X 0 0 0 JENNA SHEN DIRECTOR 1.00 X 0 0 0 MARIO TUFANO DIRECTOR 1.00 1.00 X 0 0 0 ROBERT CORDERO EXECUTIVE DIRECTOR 31.50 3.50 X 285050 0 65424 WILLING CHIN MANAGING DIRECTOR 35.00 X 172642 0 32242 CLOVIS THORN MANAGING DIRECTOR OF DEVELOPMENT 35.00 X 162168 0 30346 THANH H BUI MANAGING DIRECTOR OF YOUTH 31.50 3.50 X 144840 0 17388 MARIA C DEJESUS MANAGING DIRECTOR OF HUMAN RESOURCES 35.00 X 122747 0 14843 ELSA PEREIRA MANAGING DIRECTOR OF OPERATIONS 35.00 X 119270 0 9496 1006717 0 169739 6 0 1 0 BTQ FINANCIAL 80 BROAD STREET 15TH FLOOR NEW YORK NY 10004 FINANCIAL SERVICES 738210 CONSTRUCTOMICS LLC 40 BROAD STREET 4TH FLOOR NEW YORK NY 10004 CONSTRUCTION SERVICES 534117 KSS ARCHITECTS LLP 337 WITHERSPOON STREET PRINCETON NJ 08542 CONSTRUCTION SERVICES 232306 DCC-LOCAL 205 WF PO BOX 36151 NEWARK NJ 07188 DAY CARE SERVICES 150794 MG ENGINEERING DPC 116 WEST 32ND STREET 12TH FLOOR NEW YORK NY 10001 CONSTRUCTION SERVICES 146934 8 420101 417489 19597545 2688017 78625 23123152 PARENTS FEES 624100 126041 126041 PARTICIPANTS INCOME 624100 32935 32935 158976 146137 146137 68210 417489 222761 -154551 -154551 REFUNDS 900099 24206 24206 MISCELLANEOUS INCOME 900099 18195 18195 42401 23316115 158976 0 33987 17599 17599 113491 113491 571694 504598 46021 21075 11890781 10542479 853063 495239 259122 228711 20859 9552 1680292 1483087 135263 61942 1100902 971697 88622 40583 9949 1118 8831 837085 94039 743046 64977 64977 1675145 1404749 205601 64795 3450 388 3062 1112999 930600 115600 66799 99397 57941 35249 6207 144534 64035 79798 701 24262 13460 9613 1189 221107 146405 69053 5649 4106 4106 76873 76873 252479 252479 UBIT TAX EXPENSE 12300 12300 FOOD 611702 596306 9719 5677 PARENT AND PARTICIPANT 558358 552462 4758 1138 CLASSROOM 103318 97674 4619 1025 128302 26427 97636 4239 21574224 17847266 2941148 785810 340941 235802 5390 5391 4212605 5276593 119419 429665 4506027 1458743 977718 3047284 7898933 7053124 0 62361 13555006 16110220 1800427 1968745 58556 54329 300000 700000 80000 40000 416314 481081 2655297 3244155 X 5550562 7629748 1888349 1775519 3460798 3460798 10899709 12866065 13555006 16110220 X 1741891 255785 -31320 X X 0 1 X 1 1 1 X 13983156 17493760 20906743 20956106 23123152 96462917 1089073 1350351 1282952 1282952 1282952 6288280 15072229 18844111 22189695 22239058 24406104 102751197 102751197 141398 127928 118878 158855 146137 693196 11527 8284 34894 17690 42401 114796 103559189 911476 0.99220 0.99140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADP REFUND - 2016 AMOUNT: $ 4,177. FIRE DAMAGE CLAIMS - 2016 AMOUNT: $ 6,779. MISCELLANEOUS INCOME - 2014 AMOUNT: $ 5,385. 2015 AMOUNT: $ 5,391. 2016 AMOUNT: $ 3,533. 2017 AMOUNT: $ 1,097. 2018 AMOUNT: $ 18,195. TRIP AND COFFEE INCOME - 2014 AMOUNT: $ 6,142. 2015 AMOUNT: $ 2,893. VOIDED PRIOR YEAR CHECKS - 2016 AMOUNT: $ 20,405. HOLIDAY PARTY FEES - 2017 AMOUNT: $ 2,250. REFUNDS - 2017 AMOUNT: $ 14,083. 2018 AMOUNT: $ 24,206. VENDING MACHINE INCOME - 2017 AMOUNT: $ 260. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3784774 122011 165351 3741434 3794715 219503 229444 3784774 3460798 374918 41001 3794715 3460798 334806 -334806 3460798 2471909 988889 55946 55946 3460798 0.07500 0.92500 0.00000 0 0 492849 490427 2422 1199835 968316 231519 2813343 2813343 3047284 ADVANCES FROM GOVERNMENT AGENCIES 481081 481081 X 25784421 255785 1709362 568136 2533283 23251138 64977 64977 23316115 23826849 1709362 608240 2317602 21509247 64977 64977 21574224 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS CONSIST OF DONOR CONTRIBUTIONS RESTRICTED TO ENDOWMENT WHOSE PRINCIPAL MUST REMAIN INTACT IN PERPETUITY. INCOME EARNED MAY BE USED FOR GENERAL PURPOSES. PART X, LINE 2: THE SETTLEMENT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SETTLEMENT HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SETTLEMENT IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY REVENUE INCLUDED PER AUDIT - GRANDLO CAFE, INC. 568,136. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY EXPENSES INCLUDED PER AUDIT - GRANDLO CAFE, INC. 576,920. WRITE-OFF OF UNCOLLECTIBLE PLEDGE 31,320. TASTE OF THE LOWER EAST SIDE 485699 417489 68210 64273 31768 126720 485699 417489 68210 64273 31768 126720 222761 -154551 1 STIPENDS FOR PARTICIPANTS/VOLUNTEERS 98 95091 SCHOLARSHIPS 27 18400 PART I, LINE 2: THE ORGANIZATION AWARDS STIPENDS TO INDIVIDUALS WHO SPEND TIME ON GSS PROJECTS AS WELL AS STUDENTS WHO ATTEND THE ACTIVITIES OFFERED BY THE ORGANIZATION. THE STUDENTS ARE AWARDED STIPENDS AS AN INCENTIVE TO ATTEND SCHOOL, AND ACHIEVE HIGH GRADES. ALL GRAND STREET SETTLEMENT EMPLOYEES WHO HAVE BEEN EMPLOYED BY THE ORGANIZATION FOR AT LEAST ONE YEAR AND ARE IN GOOD STANDING ARE ELIGIBLE FOR A SCHOLARSHIP. THE SCHOLARSHIPS ARE TO BE USED FOR EDUCATIONAL DEVELOPMENT THAT WILL BENEFIT THEIR AREA OF WORK. X X X 0 0 0 0 0 0 0 1 0 ROBERT CORDERO EXECUTIVE DIRECTOR 262050 0 23000 0 0 0 26304 0 39120 0 350474 0 0 0 WILLING CHIN MANAGING DIRECTOR 172642 0 0 0 0 0 5359 0 26883 0 204884 0 0 0 CLOVIS THORN MANAGING DIRECTOR OF DEVELOPMENT 162168 0 0 0 0 0 4812 0 25534 0 192514 0 0 0 THANH H BUI MANAGING DIRECTOR OF YOUTH 144840 0 0 0 0 0 4369 0 13019 0 162228 0 0 0 PART I, LINE 7 ROBERT CORDERO RECEIVED A BOARD DISCRETIONARY BONUS OF $23,000 IN HIS 2018 W-2. X 3606 COST X 1 51138 AVG. HIGH/LOW METHOD X 2 1100 COST X 5 1330 COST X TICKET/ENTERTAINMENT/OTHER 37 21451 COST 0 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS LISTED IN COLUMN (B). FORM 990, PART I, LINE 1: FOUNDED IN 1916, THE CORPORATION PROVIDES RESIDENTS OF NEW YORK CITY WITH THE TOOLS AND SUPPORT THEY NEED TO OVERCOME CHALLENGING CIRCUMSTANCES AND BUILD PRODUCTIVE LIVES AND FUTURES, AS FURTHER DESCRIBED IN THE CERTIFICATE OF INCORPORATION. ITS COMPREHENSIVE AND INTEGRATED ARRAY OF CULTURALLY RELEVANT PROGRAMS AND SERVICES ASSIST MORE THAN 10,000 AREA RESIDENTS OF ALL AGES ANNUALLYFROM TODDLERS IN EARLY HEAD START AND DAY CARE TO SCHOOL-AGE YOUTH PARTICIPATING IN EDUCATIONAL AND RECREATIONAL AFTERSCHOOL PROGRAMS, TO PROGRAMS FOR YOUNG ADULTS AND SENIOR CITIZENS, INCLUDING PROVIDING HOUSING TO SENIORS. THE CORPORATION ALSO SUPPORTS THE MISSION AND PURPOSE OF THE BOTH THE GRAND STREET SETTLEMENT SENIOR HOUSING DEVELOPMENT FUND CORPORATION, A SPONSORED PROJECT OF THE CORPORATION AND THE GRANDLO CAFE AND ITS JOB TRAINING PROGRAM, A NONPROFIT SUBSIDIARY OF GRAND ST. SETTLEMENT, INC. FORM 990, PART VI, SECTION A, LINE 2 ALEXANDER GARDNER AND JULIE GARDNER-KOSTER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 GRAND STREET SETTLEMENT OUTSOURCED ITS FINANCIAL DEPARTMENT TO BTQ FINANCIAL. BTQ PROVIDED THE FOLLOWING SERVICES: GENERAL FINANCIAL MANAGEMENT, PLANNING AND BUDGETING, MAINTAIN THE ACCOUNTING AND FINANCIAL SYSTEM AND ASSIST WITH MANAGING THE SETTLEMENT'S GRANTS. BTQ WAS PAID $759,087 DURING FISCAL YEAR 2019 FOR THESE SERVICES. FORM 990, PART VI, SECTION A, LINE 4 GRAND STREET SETTLEMENT AMENDED ITS BYLAWS IN FY2019. CHANGES MADE TO THE AMENDED BY-LAWS INCLUDED THE FOLLOWING PRINCIPAL REVISIONS, IN ADDITIONAL TO OTHER SMALLER CHANGES: 1. ARTICLE I, SECTION 2: UPDATED ORGANIZATION'S MISSION STATEMENT TO INCLUDE SUPPORTING GRANDLO CAFE, A SUBSIDIARY OF GSS 2. ARTICLE V, SECTION 1: REVISED THE SECTION TO ADD YOUTH SERVICE COMMITTEE FORM 990, PART VI, SECTION B, LINE 11B GRAND STREET SETTLEMENT HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PRESENTED TO BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO KEY EMPLOYEES, BOARD MEMBERS, AND OFFICERS OF THE ORGANIZATION. UPON BEING HIRED, ALL EMPLOYEES ARE PROVIDED WITH THE EMPLOYEE HANDBOOK, WHICH INCLUDES A CONFLICT OF INTEREST POLICY. ALL EMPLOYEES ARE REQUIRED TO SIGN AN ACKNOWLEDGEMENT FORM STATING THAT THEY HAVE READ AND AGREE WITH THE POLICIES IN THE HANDBOOK. IF AN EMPLOYEE BECOMES AWARE OF A POTENTIAL CONFLICT DURING THE YEAR, THEY ARE REQUIRED TO NOTIFY EITHER THEIR SUPERVISOR OR THE EXECUTIVE DIRECTOR. THE BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE POLICY IS UPDATED ON AN ANNUAL BASIS TO ENSURE THAT ALL POTENTIAL CONFLICTS ARE HANDLED PROPERLY. IF ANY CONFLICTS WERE TO ARISE, THEY WOULD BE HANDLED BY THE INDEPENDENT DIRECTORS OF THE BOARD TO ENSURE THAT THE CONFLICTS DO NOT AFFECT OPERATIONS. THE INTERESTED PERSON WOULD BE EXCUSED FROM VOTING ON THE CONFLICT RESOLUTION. ANY RESOLUTION WOULD BE DOCUMENTED IN THE MINUTES TO THE MEETING, AND WOULD INCLUDE THE NAMES OF THE PERSONS INVOLVED, THE INDEPENDENT DIRECTORS WHO VOTED ON THE POTENTIAL CONFLICT, AND DECISION OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 DURING THE MONTH OF JULY, THE BOARD OF DIRECTORS SHALL, SUBJECT TO THE MINIMUM ANNUAL INCREASE SET FORTH BELOW, EVALUATE THE LEVEL OF COMPENSATION AND BENEFITS BEING PAID TO THE EXECUTIVE DIRECTOR BASED UPON HIS DUTIES AND RESPONSIBILITIES, THE MANNER IN WHICH HE CARRIES OUT THOSE DUTIES AND RESPONSIBILITIES, THE COMPENSATION BEING PAID TO INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR INSTITUTIONS IN THE SAME GEOGRAPHICAL AREA, THE PANO (PROFESSIONAL ASSOCIATION OF NONPROFIT ORGANIZATIONS) COMPENSATION SURVEY, AND ANY OTHER FACTORS WHICH THE BOARD OF DIRECTORS DEEMS TO BE RELEVANT WITH RESPECT TO THE COMPENSATION PAYABLE TO EXECUTIVES OF ORGANIZATIONS IN THE STATE OF NEW YORK. PROVIDED, HOWEVER, THAT (A) THE SETTLEMENT SHALL INCREASE EMPLOYEE'S BASE SALARY BY THE AMOUNT OF NO LESS THAN THREE PERCENT (3%) PER YEAR, AND (B) THE SETTLEMENT SHALL NOT, UNDER ANY CIRCUMSTANCES, INCREASE THE AMOUNT OF COMPENSATION OR BENEFITS PAYABLE TO THE EMPLOYEE BY ANY GREATER AMOUNT IF SUCH INCREASE RESULTS IN COMPENSATION AND/OR OTHER BENEFITS THAT ARE EXCESSIVE OR UNREASONABLE OR CONSTITUTE PRIVATE INUREMENT. THIS MINIMUM INCREASE IS DISCLOSED IN THE EMPLOYMENT AGREEMENT WITH THE EXECUTIVE DIRECTOR. A NEW EXECUTIVE DIRECTOR WAS HIRED IN JUNE 2015 BY THE BOARD. HIS CURRENT COMPENSATION WAS BASED ON THE PRIOR EXECUTIVE DIRECTORS COMPENSATION AND THE BUDGET. THE EXECUTIVE COMMITTEE LAST APPROVED HIS COMPENSATION IN FY2019. COMPENSATION FOR THE OTHER OFFICERS OF THE ORGANIZATION IS DETERMINED BY THE BOARD OF DIRECTORS ANNUALLY. THE BOARD OF DIRECTORS SHALL EVALUATE THE LEVEL OF COMPENSATION AND BENEFITS BEING PAID TO THE OFFICER BASED UPON HER DUTIES AND RESPONSIBILITIES, THE MANNER IN WHICH SHE CARRIES OUT THOSE DUTIES AND RESPONSIBILITIES, THE COMPENSATION BEING PAID TO INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR INSTITUTIONS IN THE SAME GEOGRAPHICAL AREA, AND ANY OTHER FACTORS WHICH THE BOARD OF DIRECTORS DEEMS TO BE RELEVANT WITH RESPECT TO THE COMPENSATION PAYABLE TO EXECUTIVES OF ORGANIZATIONS IN THE STATE OF NEW YORK. THE BOARD'S DISCUSSION AND APPROVAL OF THE COMPENSATION IS DOCUMENTED IN THE MINUTES TO THE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE EXEMPT ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT 80 PITT STREET, NEW YORK, NY 10002 OR BY CALLING THE ORGANIZATION DIRECTLY AT (212)-674-1740. FORM 990, PART XI, LINE 9: WRITE-OFF OF UNCOLLECTIBLE PLEDGE -31,320. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GRAND STREET SETTLEMENT SENIOR HDFC 200 WEST 57TH STREET SUITE 702 NEW YORK NY 10019 421607854 TO PROVIDE AFFORDABLE HOUSING NY 501(C)(3) LINE 10 GRAND STREET SETTLEMENT INC 1 GRANDLO CAFE INC 80 PITT STREET NEW YORK NY 10002 824428103 TO CREATE PATHWAYS TO MEANINGFUL EMPLOYMENT FOR LOW-INCOME YOUTH IN NYC NY 501(C)(3) LINE 10 GRAND STREET SETTLEMENT INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 GRANDLO CAFE INC Q 62361 COST