2019-02-21T15:43:52-06:00 2018-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2017-07-01 135562230 GRAND STREET SETTLEMENT INC GRAN 2126741740 80 PITT STREET NEW YORK NY 10002 ROBERT CORDERO EXECUTIVE DIRECTOR 2126741740 2019-02-21 1 GARRETT M HIGGINS P00543209 9143818900 2019-02-20 65.51.112.58 2019-02-21 15:43:49 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9616F4B14A694591D1E716C270910E6FA5556DA3 2017 2019-02-21 02:37:17Z ROBERT CORDERO 80 PITT STREET NEW YORK NY 10002 21359183 0 X WWW.GRANDSETTLEMENT.ORG X 1916 NY SEE SCHEDULE O 25 25 701 150 0 24308 20916324 20977846 197561 149702 118878 158855 -240053 -115696 20992710 21170707 162493 267841 0 0 14226983 14750019 26 594 828581 5581113 5957532 19970615 20975986 1022095 194721 12653132 13555006 2512364 2655297 10140768 10899709 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 8751092 149702 SEE SCHEDULE O - EARLY CHILDHOOD SERVICESEARLY CHILDHOOD: GRAND ST. SETTLEMENT SERVED OVER 350 CHILDREN (BIRTH TO AGE FIVE) AND THEIR FAMILIES, IN FIVE CENTERS IN THE LOWER EAST SIDE AND BUSHWICK, BROOKLYN, WITH HIGH-QUALITY AND EVIDENCE-BASED EARLY CHILDHOOD EDUCATION. OUR IMPACT IN FY18:- 106 FAMILIES ACHIEVED THEIR GOALS, INCLUDING PARENTS WHO COMPLETED A DEGREE PROGRAM, COMPLETED JOB TRAINING, OR RECEIVED LEGAL ASSISTANCE; FAMILIES WHO MOVED FROM INSTABLE TO STABLE HOUSING; AND FAMILIES WHO RECEIVED SUPPORT FOR DOMESTIC VIOLENCE.- 99 CHILDREN "STEPPED UP" TO KINDERGARTEN- GSS LINKED ELIGIBLE CHILDREN TO COMPREHENSIVE SPECIAL NEEDS SERVICES AND THERAPIES, SUCH AS OCCUPATIONAL, PHYSICAL, AND SPEECH THERAPY. FAMILIES RECEIVED ALL SERVICES FOR FREE; THE TOTAL VALUE OF SERVICES PROVIDED WAS NEARLY $600,000 (AN AVERAGE OF $8,000 WORTH OF SERVICES PER CHILD).- GSS'S EARLY HEAD START-CHILD CARE PARTNERSHIP SUPPORTS PARTNER CHILD CARE PROVIDERS IN BROOKLYN TO BUILD QUALITY, AND MEET HIGH HEAD START STANDARDS. LAST YEAR, 12 TEACHERS FROM THE PARTNERSHIP STARTED THE PROCESS TO ATTAIN THEIR CHILD DEVELOPMENT ASSOCIATE (CDA) CREDENTIAL, THE MOST WIDELY RECOGNIZED CREDENTIAL IN EARLY CHILDHOOD EDUCATION. THE CDA IS A KEY STEP TOWARD CAREER ADVANCEMENT IN THE FIELD.- GSS TRAINED 14 BROOKLYN CHILD CARE PARTNER SITES IN IMPLEMENTING THE EVIDENCE BASED CREATIVE CURRICULUM AND ITS ASSESSMENT TOOLSENABLING DATA-DRIVEN ANALYSIS OF SCHOOL READINESS AND DEVELOPMENT FOR OVER 100 KIDS. 7466746 267841 SEE SCHEDULE O - YOUTH AND COMMUNITY DEVELOPMENT PROGRAMSYOUTH AND COMMUNITY DEVELOPMENT PROGRAMS OUR IMPACT IN FY18:- GSS PROVIDED OVER 3,000 HOURS OF HANDS-ON LEARNING.- 84% OF AFTERSCHOOL PARTICIPANTS DECLARED A BADGE, DEMONSTRATING LEADERSHIP, TEAMWORK, PROBLEM-SOLVING, SERVICE, AND/OR STEM SKILLS (SCIENCE, TECHNOLOGY, ENGINEERING, MATH).- 81% OF MIDDLE SCHOOL PARTICIPANTS STATED THAT GSS'S AFTERSCHOOL PROGRAM MADE THEM MORE INTEREST IN STEM TOPICS.- 83% OF OUR YOUTH DEVELOPMENT STAFF MEMBERS ATTAINED CERTIFICATION OR RECERTIFICATION, FOR THEIR SCHOOL-AGED CHILD CARE (SACC) LICENSE. 756954 SEE SCHEDULE O - SENIOR SERVICESSENIOR SERVICES: GSS IS COMMITTED TO ENSURING THAT OLDER ADULTS HAVE THE SERVICES AND SUPPORT 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 SETS THE LOWER EAST SIDE APART. OUR NEIGHBORHOOD SENIOR CENTER, THE GRAND COALITION OF SENIORS, IS LOCATED WITHIN OUR MAIN SITE AT 80 PITT STREET, IN BETWEEN LARGE NEW YORK CITY HOUSING AUTHORITY DEVELOPMENTS, THE SAMUEL GOMPERS HOUSES AND BARUCH HOUSES. THIS CENTER, IN OPERATION SINCE THE 1970S, PROVIDES NEARLY 2,000 LOW-INCOME, OLDER ADULTS WITH ACCESS TO CONGREGATE MEALS AND CULTURALLY RELEVANT SERVICES THAT PROMOTE A SENSE OF COMMUNITY AND AN ACTIVE LIFESTYLE. THE BARUCH ELDERS SERVICE TEAM, HOUSED AT 72 COLUMBIA STREET, OFFERS SOCIAL, RECREATIONAL, AS WELL AS PHYSICAL AND MENTAL HEALTH SERVICES TO MORE THAN 800 RESIDENTS OF THE NATURALLY OCCURRING RETIREMENT COMMUNITY (NORC) AT BARUCH HOUSES. COMPLETED IN 2006, THE 74-UNIT SENIOR SUPPORTIVE HOUSING APARTMENT BUILDING (SENIOR HOUSING) ON EAST 6TH STREET ACCOMMODATES 108 LOW-INCOME, ETHNICALLY DIVERSE SENIORS AND PROVIDES A RANGE OF WRAPAROUND SERVICES TO MEET THEIR NEEDS. OUR IMPACT IN FY18:- GSS SERVED 37,647 MEALS TO LOWER EAST SIDE SENIORS, WITH AN AVERAGE ATTENDANCE OF 107 SENIORS AT LUNCH EVERY DAY.- OUR GRAND COALITION OF SENIORS PROVIDED 1,758 HOURS OF CASE ASSISTANCE TO SENIORS. 249862 SINGLE STOP: OUR IMPACT IN FY18:- GSS SECURED BENEFITS FOR LES AND BROOKLYN COMMUNITY MEMBERS, WORTH OVER $1,200,000.- 400 HOUSEHOLDS WERE CONFIRMED FOR MULTIPLE BENEFITS, SERVICES, AND REFERRALS.- 390 HOUSEHOLDS RECEIVED FREE TAX PREPARATION SERVICES.- 147 HOUSEHOLDS RECEIVED FREE LEGAL SERVICES.- 47 HOUSEHOLDS RECEIVED FREE FINANCIAL ADVISEMENT. 249862 17224654 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 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 163 0 701 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 25 1 1 0 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 ANDREW G CELLI JR CHAIRMAN 2.00 X X 0 0 0 KENNETH LIEBMAN PRESIDENT 10.00 X X 0 0 0 STEPHEN DEDYO TREASURER 2.00 X X 0 0 0 JUDIA BLACK SECRETARY 1.00 1.00 X X 0 0 0 ALAN JAY BRAZIL DIRECTOR 1.00 X 0 0 0 ALEXANDER GARDNER DIRECTOR 1.00 X 0 0 0 AMY PASQUARIELLO DIRECTOR 1.00 X 0 0 0 BRYAN KOPLIN DIRECTOR 1.00 X 0 0 0 GRANT R MAINLAND DIRECTOR THRU APRIL 2018 1.00 X 0 0 0 JASON SCHERR DIRECTOR THRU NOVEMBER 2017 1.00 X 0 0 0 JOYCE LEE DIRECTOR 1.00 1.00 X 0 0 0 JULIE GARDNER-KOSTER DIRECTOR 1.00 X 0 0 0 KERRI KOLEN DIRECTOR 1.00 X 0 0 0 ROBERT J FRAIMAN JR DIRECTOR 1.00 X 0 0 0 SCOTT GEWIRTZ DIRECTOR 1.00 X 0 0 0 MARIO TUFANO DIRECTOR 1.00 1.00 X 0 0 0 RALPH W ROSE DIRECTOR 1.00 X 0 0 0 VICTOR RASUK DIRECTOR 1.00 X 0 0 0 SARA JACKSON DIRECTOR 1.00 X 0 0 0 SUMYA OJAKLI DIRECTOR 1.00 1.00 X 0 0 0 SYLVIA M MONTERO DIRECTOR 1.00 1.00 X 0 0 0 TRACIE GOLDING-GERSON DIRECTOR 1.00 X 0 0 0 JAMIE LORENZO- STRAHLENDORFF DIRECTOR 1.00 X 0 0 0 TENILLE PHAM SKELTON DIRECTOR 1.00 X 0 0 0 ADAM ANGELOWICZ DIRECTOR 1.00 1.00 X 0 0 0 ALBERTO JIMENEZ DIRECTOR 1.00 X 0 0 0 JENNA SHEN DIRECTOR 1.00 X 0 0 0 ROBERT CORDERO EXECUTIVE DIRECTOR 31.50 3.50 X 280013 0 60198 WILLING CHIN MANAGING DIRECTOR 35.00 X 161881 0 30683 CLOVIS THORN MANAGING DIRECTOR OF DEVELOPMENT 35.00 X 147574 0 24733 THANH H BUI MANAGING DIRECTOR OF YOUTH 31.50 3.50 X 133943 0 12918 MARIA C DEJESUS MANAGING DIRECTOR OF HUMAN RESOURCES 35.00 X 112488 0 13554 ELSA PEREIRA MANAGING DIRECTOR OF OPERATIONS 35.00 X 103303 0 2059 939202 0 144145 5 0 1 0 BTQ FINANCIAL 80 BROAD STREET 15TH FLOOR NEW YORK NY 10004 FINANCIAL SERVICES 637578 ADP LLC ONE ADP BOULEVARD ROSELAND NJ 07068 PAYROLL SERVICES 146564 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 10528 ACCOUNTING SERVICES 123700 TRADITIONAL EDUCATION CENTER INC 1469 BROADWAY BROOKLYN NY 11221 CHILD PARTNER CONTRACTED SERVICES 118833 DREAMTEN STUDIOS 301 MAPLE AVENUE WEST 220 VIENNA VA 22180 GRAPHIC DESIGN SERVICES 106700 5 419026 339090 18378782 1840948 7803 20977846 PARENTS FEES 624100 96814 96814 PARTICIPANTS INCOME 624100 52888 52888 149702 158855 158855 55090 339090 188476 -133386 -133386 REFUNDS 900099 14083 14083 HOLIDAY PARTY FEES 900099 2250 2250 MISCELLANEOUS INCOME 900099 1097 1097 260 260 17690 21170707 149702 0 43159 63337 63337 204504 204504 550611 497459 30633 22519 11374259 9954822 919402 500035 207068 187079 11520 8469 1548974 1399450 86175 63349 1069107 965905 59478 43724 808221 105030 691360 11831 594 594 59937 59937 1558462 1303165 166414 88883 1278326 1049882 185015 43429 90326 55691 32112 2523 46953 46953 28469 20505 5909 2055 211178 154692 55983 503 3025 3025 58346 58346 210159 210159 UBIT TAX EXPENSE 4600 4600 PARENT AND PARTICIPANT 624988 613954 357 10677 FOOD 456678 436007 7323 13348 BAD DEBT EXPENSE 274820 274820 243044 166219 60183 16642 20975986 17224654 2922751 828581 457824 340941 5419 5390 4199628 4212605 232339 119419 2359590 1381872 209362 977718 6441586 7898933 1106974 12653132 13555006 1508507 1800427 59135 58556 420000 380000 524722 416314 2512364 2655297 X 4650120 5550562 2029850 1888349 3460798 3460798 10140768 10899709 12653132 13555006 194721 564220 0 X X 0 1 X 1 1 1 X 11054449 13983156 17493760 20916324 20977846 84425535 1089073 1089073 1350351 1282952 1282952 6094401 12143522 15072229 18844111 22199276 22260798 90519936 90519936 144954 141398 127928 118878 158855 692013 21918 11527 8284 34894 17690 94313 91306262 992669 0.99140 0.99060 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 - 2013 AMOUNT: $ 14,916. 2014 AMOUNT: $ 5,385. 2015 AMOUNT: $ 5,391. 2016 AMOUNT: $ 3,533. 2017 AMOUNT: $ 1,097. TRIP AND COFFEE INCOME - 2013 AMOUNT: $ 7,002. 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. VENDING MACHINE INCOME - 2017 AMOUNT: $ 260. 3794715 219503 229444 3784774 3460798 374918 41001 3794715 3460798 334806 -334806 3460798 2471909 988889 55946 55946 3460798 2471909 379516 379516 2471909 0.08600 0.91400 0 0 492849 489861 2988 1156469 892011 264458 710272 710272 977718 ADVANCES FROM GOVERNMENT AGENCIES 416064 DUE TO RELATED PARTY 250 416314 X 23808591 564220 1748262 440674 2753156 21055435 59937 55335 115272 21170707 22818551 1748262 209575 1957837 20860714 59937 55335 115272 20975986 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, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE PER CONSOLIDATED ENTITY 440,674. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATION ON CONSOLIDATED FINANCIAL STATEMENTS 55,335. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES PER CONSOLIDATED ENTITY 209,575. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATION ON CONSOLIDATED FINANCIAL STATEMENTS 55,335. TASTE OF THE LOWER EAST SIDE 394180 339090 55090 138401 255 49820 394180 339090 55090 138401 255 49820 188476 -133386 1 GRANDLO CAFE INC 80 PITT STREET NEW YORK NY 10002 844428103 501(C)(3) 9876 45459 PURCHASE PRICE EQUIPMENT CROWDFUNDING CAMPAIGN TO SUPPORT THE LAUNCH OF THE GRANDLO CAFE HISPANIC FEDERATION 55 EXCHANGE PLACE 5TH FLOOR NEW YORK NY 10005 133573852 501(C)(3) 6252 TO ASSIST IN DISASTER RELIEF EFFORTS FOR PUERTO RICO FOLLOWING HURRICANE MARIA 2 STIPENDS FOR PARTICIPANTS/VOLUNTEERS 142 189054 SCHOLARSHIPS 18 15450 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 239013 0 41000 0 0 0 22239 0 37959 0 340211 0 0 0 WILLING CHIN MANAGING DIRECTOR 161881 0 0 0 0 0 5033 0 25650 0 192564 0 0 0 CLOVIS THORN MANAGING DIRECTOR OF DEVELOPMENT 147574 0 0 0 0 0 0 0 24733 0 172307 0 0 0 PART I, LINE 7 ROBERT CORDERO RECEIVED A BOARD DISCRETIONARY BONUS OF $41,000 IN HIS 2017 W-2. FORM 990, PART I, LINE 1 SINCE OUR FOUNDING IN 1916, GRAND ST. SETTLEMENT HAS OFFERED COMPREHENSIVE PROGRAMS FOR EVERY AGE, ALLOWING US TO SUPPORT STABILITY AND EMPOWER GROWTH THROUGH ALL PHASES OF FAMILY LIFE. GRAND ST. SETTLEMENT'S OUTREACH BEGAN WITH LOW-INCOME IMMIGRANT FAMILIES RESIDING IN THE LOWER EAST SIDE OF MANHATTAN AT THE BEGINNING OF THE 20TH CENTURY AND HAS EVOLVED AND EXPANDED TO INCLUDE SOME OF THE CITY'S MOST IMPOVERISHED NEIGHBORHOODS, INCLUDING BUSHWICK, BROWNSVILLE AND EAST NEW YORK IN BROOKLYN. TODAY, THE AGENCY SERVES THOUSANDS OF PEOPLE ON BOTH ENDS OF THE WILLIAMSBURG BRIDGE AND REMAINS A CORNERSTONE OF THE COMMUNITY. 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 $723,145 DURING FISCAL YEAR 2018 FOR THESE SERVICES. 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 JUNE 2017. 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 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 7 GRAND STREET SETTLEMENT INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 GRANDLO CAFE INC B 55335 COST