New York City Rescue Mission

“Equity Transfer to related entity - -21798979;”

“Pledges and grants receivable - BOY:22617,EOY:0; Prepaid expenses and deferred charges - BOY:38208,EOY:0;”

“Accounts payable and accrued expenses - BOY:1720125,EOY:0; Recoverable Subsidies - BOY:2700000,EOY:0;”

“The board of directors of New York City Rescue Mission (NYCRM) passed a resolution to approve the closing down of New York City Rescue Mission (NYCRM) as a separate legal entity, and to combine the assets, liabilities, net assets and activities of NYCRM with the CHA legal entity. This decision was made primarily for operational efficiency purposes. The activities of NYCRM will continue as part of the program services of CHA, with the NYCRM name continuing to be utilized as a "d/b/a". The transfer of NYCRM's net assets to CHA are reported as an equity transfer per the audited financials and on Part Part I, Line 20 as "Equity Transfer to related entity".”

“NYCRM serves as a hub for basic needs and emergency services for those experiencing homelessness.”

“In 2017, New York City Rescue Mission (NYCRM) became a controlled affiliate of The Bowery Mission, the nation's oldest rescue mission serving individuals experiencing homelessness since the 1870s. Its former campus at 90 Lafayette St. is called The Bowery Mission's Tribeca Campus and continues to operate as an emergency overnight shelter for those in need in New York. During fiscal year 2024, NYCRM closed down as a separate legal entity and combined all activities with the Bowery Mission for greater operational efficiency.”