Goddard Riverside Community Center

“By agreement and resolution, a member of the board of directors will review the agency 990 annually before it is filed. A copy of the 990 is to be distributed to all board members after filing.”

“Conflict of interest: this policy requires board members and staff to disclose an interest (i.e., an economic benefit, whether direct or indirect) that may be affected by a board or agency decision. Such disclosure may or may not, in the judgment of the board or the executive director after deliberation, preclude participation by that board member or employee in the decision or action affecting the disclosed interest.”

“Compensation for executive director: this is determined annually by the executive committee of the board of directors. The board regularly researches salaries of leaders of comparable agencies in new york city to determine compensation for the executive director.”

“This is determined by Goddards compensation system. This system was created from extensive market research and analyzing multiple salary surveys across like not-for-profit organizations in the metropolitan area and the northeast. Every job is evaluated and placed into our salary grades and candidates are evaluated for experience in a similar job and whether they have any of the preferred skills or experience for the role and placed into the salary grades accordingly.”

“All governing documents, conflict of interest policy and financial statements are available upon request.”

“On December 4, 2019, a newly formed LLC (595 Columbus Avenue LLC), of which GRCC is the beneficial owner, acquired the limited partnership interests in Phelps House, L.P., the owner of the Phelps House property. GRCC recorded the investment in affiliate based on the fair market value of its equity in Phelps House, L.P. at the closing date, which resulted in an investment income from affiliate in the amount of $70,256,005.”

“OTHER PROGRAM SERVICES 4: PRESCHOOL - Provide comprehensive Early-Childhood Education Programs for Children Ages Two to Five utilizing the Creative Curriculum as a foundation for classroom activities that promote intellectual, social, emotional and physical growth through hands-on exploration of science, nature and art. OTHER PROGRAM SERVICES 5: AGING - Help older adults in their homes while staying active, social and healthy and providing nutritious meals. OTHER PROGRAM SERVICES 6: FAMILY AND COMMUNITY SUPPORTS - help families and communities be self-directed and thriving, and provide free legal services and tenant-organizing support to low-income residents on the west side of Manhattan in order to preserve affordable housing and improve living conditions.”

“Process has not changed from prior year.”

“On December 4, 2019, a newly formed LLC (595 Columbus Avenue LLC), of which GRCC is the beneficial owner, acquired the limited partnership interests in Phelps House, L.P., the owner of the Phelps House property. GRCC recorded the investment in affiliate based on the fair market value of its equity in Phelps House, L.P. at the closing date. After the adjustment for distribution and net loss flow through, the balance of investmnet in affliate at June 30, 2020 was $32,905,188.”