Under 21

“The sole corporate member of under 21 d/b/a covenant house new york is its parent organization, covenant house, d/b/a covenant house international.”

“Under 21 d/b/a covenant house new york's parent organization, covenant house international has the right to elect or appoint officers of organization's board of directors and officers.”

“The following decisions for the governing body are subject to approval by under 21 d/b/a covenant house new york's parent organization, covenant house international (chi) - amendment or repeal of the certificate of incorporation and by-laws, increase or decrease in the number of board of directors, appoint/remove members of the board and the officers, compensation of the executive director, use of chi's name, logo and other of its trademarked nomenclature, and other lawful acts or actions with respect under 21's business, affairs, management, properties or activities.”

“Under 21 d/b/a covenant house new york 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 electronically sent to the parent organization, covenant house international, and the finance committee of the organization for any comments and a meeting/conference call is convened. 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. Once approved, it gets distributed to the entire board, and it is filed with the irs.”

“The organization requires annual disclosure and affirmation of the conflict of interest policy by all officers, directors and key employees. The disclosure statement required each officer, director, and key employee to disclose any business or personal interests, direct or indirect, that the person may have in an organization that completes with or does business with covenant house new york, covenant house international or any other organization business/agency affiliated with covenant house international. If a conflict is determined to exist, it must be reported and addressed to the satisfaction of the organization. Any other person having a conflict, and attending said meeting, shall retire from the room in which the board or committee is meeting and shall not participate in the final deliberations or decisions regarding the matter under consideration. Any interested director shall also abstain during such vote. The minutes of the meeting of the board or committee shall reflect that the conflict of interest was disclosed and that the interested person was not present during the final discussion or vote and did not vote. A summary of the annual conflicts of interest and copies of the conflicts of interest reports from the directors, executive director, and officers of the organization are also sent to the parent organization, covenant house international. The parent, covenant house international also ensures the annual conflicts of interest reports are accomplished for each affiliate and that the required information is sent to them.”

“The executive director's compensation is determined by the compensation committee (i.e. Executive committee) working in conjunction with the president of covenant house international (parent). A salary structure and range were determined using a compensation committee and independent consultant for the executive director. Factors considered were the size of the agency budget, program size and complexity, local market compatibility, and the cost of living, with compensation approved by the chny board of directors. Compensation of the officers and key employees of the organization is compared to other similar organizations, form 990s, comparable salary data and surveys. Compensation is determined by the executive director and the board of directors via the budget process. Records of executive committee's compensation decisions are maintained in the covenant house international (parent) human resources department record. This process was last undertaken in fiscal year 2020.”

“The organization's audited financial statements and form 990 are posted on its website. The governing documents, conflict of interest policy and financial statements are all available for public inspection upon request at 460 west 41st street, new york, ny 10036.”

“Compensation paid to the executive director: please note that the executive director as a religious member of the congregation of notre dame (the order), has taken a vow of poverty and is provided with zero (0) compensation from the organization. All compensation that would have been paid to the executive director on behalf of services provided to the organization is instead paid to the congregation of notre dame rather than the individual. The amount paid to the congregation of notre dame in calendar year 2019 was $201,529.”

“In 31 cities across six countries, covenant house builds bridges to hope for young people facing homelessness and survivors of human trafficking, meeting their immediate needs for food, clothing, protection, and medical care and supporting them to advance their goals of education and employment. Covenant house encompasses a robust network of "houses," with best-in-class services and a shared commitment to unconditional love, absolute respect, and relentless support for each young person who walks through our doors. Founded as a drop-in center in new york city in 1972, covenant house now serves tens of thousands of children and youth every year in our residential, outreach, and drop-in programs. Our dedicated staff across the united states, guatemala, honduras, mexico, nicaragua, and canada employ a strengths-based, trauma-informed practice model that helps young people discover and develop their resilience to overcome adversity now and into the future. Young people arrive at covenant house with an array of lived experiences, including foster care, substance use, mental health issues, domestic violence, sexual abuse, and more. Our staff meet them where they are and accompany them, through our high-quality continuum of services, on their journey to wholeness and independence.”

“On april 13, 2020, the organization received loan proceeds in the amount of $2,506,887 under the paycheck protection program (the "ppp"). The ppp, established as part of the coronavirus aid, relief and economic security act (the "cares act"), provides for loans to qualifying entities for amounts up to 2.5 times the 2019 average monthly payroll expenses of the qualifying entity. The ppp loan bears an interest rate of 1% per annum. All or a portion of the ppp loan principal and accrued interest are forgivable as long as the borrower uses the loan proceeds for eligible purposes, as described in the cares act, over a period of either eight or twenty-four weeks (the "covered period"). The amount of loan forgiveness could be reduced if the borrower terminates employees or reduces salaries below a certain threshold during the covered period and does not qualify for certain safe harbors. The unforgiven portion of the ppp loan, if any, is payable within two years from the date of the loan. Loan payments of principal or interest are deferred until the amount of loan forgiveness is determined by the united states small business administration ("sba"). If the organization does not apply for forgiveness, payments begin approximately 16 months after the loan date. The organization intends to use all proceeds received in accordance with regulations established by the ppp. Management believes its use of the proceeds, including amounts expended in fiscal 2020, will be forgiven. Management is recognizing the ppp loan as a conditional grant under asc 958-605, revenue recognition-contributions and will recognize income as allowable costs are incurred and other related conditions are met. In fiscal 2020, the organization recognized $958,431 of income, included in government grants and contracts in the statement of activities. The remaining ppp loan funds are reported as ppp refundable advance in the statement of financial position at june 30, 2020.”

“Change in value of beneficial interest in perpetual trust -39,411.”

“The organization's finance committee of the board assumes responsibility for the oversight of the annual audit. The selection of the independent auditor is accomplished by covenant house parent's audit committee of the board. The chny treasurer participates in the selection process and informs the chny finance committee of the process and selection.”