Ravine Avenue Properties Inc

“The sole member of the organization is greyston foundation inc.”

“The directors shall be elected at the annual meeting by a vote of the member or without a meeting pursuant to the rules for action by the member as stated in the by-laws. Each director shall hold office until the expiration of his or her term until their successors have been duly elected and qualify, unless his or her term has been earlier terminate as set forth in the bylaws. Directors may be elected to any number of consecutive terms. Newly created directorships and vacancies among the directors for any reason may be filled by the member, regardless of their number, and the directors so elected shall serve until the next election of directors and until their successors are duly elected and qualified, or until their resignation or removal.”

“The following corporate actions may not be taken without approval of the member: any amendment of or change to the certificate of incorporation; petition for judicial dissolution; and any resolution to dispose of all, or substantially all, of the assets of the corporation, approval of a plan of merger, authorize a plan of non-judicial dissolution, or revoke a voluntary dissolution proceeding.”

“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 then the form 990 is filed with the internal revenue service by the applicable due date.”

“The conflict of interest policy is applicable to all board members, officers, and management employees of the organization. Anyone who believes they may have a conflict must disclose all material facts to the directors, the members of the parent organization committee, with board-delegated powers, or the members of an authorized body of the organization. After disclosure of the conflict and all material facts, and after any discussion with the interested person, they shall leave the meeting of the board of directors, parent organization committee or authorized body of the organization while the determination of a conflict of interest is discussed and voted upon. The remaining members of the board of directors, parent organization committee or authorized body shall decide if a conflict of interest exists. If the board of directors takes action concerning a financial transaction or arrangement previously reviewed by the parent organization committee or authorized body, the board shall make its own determination or affirm the determination of the parent organization committee or authorized body as to whether a conflict of interest exists. The minutes of the board of directors, the parent organization committee with board delegated powers and each authorized body of the organization shall contain: (i) the names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the decision of the board of directors, parent organization committee or authorized body as to whether a conflict of interest in fact existed; and (ii) the names of the persons who were present for discussions and votes relating to the financial transaction or arrangement, a summary of the discussion, including any alternatives to the proposed financial transaction or arrangement, and a record of any votes taken in connection therewith. Each director, officer and management employee of the organization, each member of the parent organization committee, with powers delegated by the board of directors of the organization, and each member of an authorized body of the organization shall sign a statement annually which affirms that such person: (i) has received a copy of the policy and procedures on conflict of interest; (ii) has read and understands the policy and procedures; (iii) has agreed to comply with the policy and procedures, and (iv) understands that the organization is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.”

“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, conflict of interest policy, articles of incorporation, form 990, form 1023, and by-laws are also available upon written request or by calling the organization directly.”

“From our roots as a spiritually minded organization, greyston has grown into one of the country's leading social enterprises with combined revenues of $22 million. Greyston's mission is to create thriving communities through the practice and promotion of open hiring. Open hiring fills jobs without judging applicants or asking any questions, thereby creating opportunities for individuals who are often excluded from the mainstream workforce. For 36 years, our unique blend of open hiring and community programs has supported individuals in southwest yonkers searching for a way out of poverty. In a community where one-third of adults live below the poverty line and are often denied the opportunity to work, greyston bakery has been steadfast in its commitment to hiring regardless of education, work experience, or histories of incarceration, homelessness, or drug use. What began as a modest bakery has grown into an open hiring model that inspires employers around the globe and which provides a continuum of support services to more than 5,400 southwest yonkers, ny residents each year.”

“Greyston is a social enterprise dedicated to serving the community of southwest yonkers, ny and to scaling and replicating our cutting-edge open hiring model across the united states and beyond. Comprised of a purpose-driven for-profit commercial bakery and a system of not-for-profit organizations that provide service and support to our employees and their community, greyston is proving that business can be a powerful force for good. Profits generated by greyston bakery coupled with supplemental fundraising provide financial support for our programs including workforce development, community gardens, and health services. Greyston foundation, inc. Our 501(c)(3) not-for-profit, provides supervision, oversight, human resources, accounting and finance, information technology, and administrative support for all of the not-for-profit and for-profit entities under the greyston umbrella (greyston bakery, greyston health services, greyston family inn and ravine avenue properties).”

“In 2017, greyston foundation completed the divestiture of its low-income housing portfolio, including the building assets and operations of ravine avenue properties. As a result, the organization is in the process of officially dissolving.”

“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.”