SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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OMB No. 1545-0047
2019
Open to Public
Inspection
Name of the organization
AHRC NYC New Projects Inc
 
Employer identification number

13-3587176
Return Reference Explanation
GENERAL STATEMENT REGARDING THE COVID-19 PANDEMIC In March 2020, the World Health Organization declared COVID-19, the disease caused by a novel coronavirus, a pandemic. The pandemic has had a broad and significant impact on Commerce and financial markets in the United States and around the world. AHRC is closely monitoring cash flows, working capital and liquidity and is actively working to minimize the impact of these declines. The extent of the impact of the pandemic on AHRC's operational and financial performance will depend on certain developments, including the duration and severity of the outbreak and its impact on the timely collection of receivables, federal and state funding, employees and vendors, all of which at present, cannot be determined. Accordingly, the extent to which the pandemic may impact AHRC's financial position and changes in net assets and cash flows is uncertain. Form 990, Part VI, Section A, Line 6 THE ORGANIZATION IS A MEMBERSHIP CORPORATION FORMED IN 1990. NYSARC INC., NEW YORK CITY CHAPTER ("AHRC NYC"), ACTING THROUGH ITS BOARD OF DIRECTORS, IS THE SOLE MEMBER. THE ORGANIZATION IS GOVERNED BY ITS OWN BOARD OF DIRECTORS, WHICH IS RESPONSIBLE FOR ITS OPERATIONS.
Form 990, Part VI, Section A, Line 7a THE ORGANIZATION'S SOLE MEMBER, AHRC NYC, HAS BEEN RESERVED THE POWER WITHIN NEW PROJECTS' BYLAWS TO APPOINT AND REMOVE NEW PROJECTS' BOARD OF DIRECTORS.
Form 990, Part VI, Section A, Line 7b THE ORGANIZATION'S SOLE MEMBER, AHRC NYC, HAS BEEN RESERVED THE POWER WITHIN NEW PROJECTS' BYLAWS TO ALTER, AMEND, REVISE, OR REPEAL NEW PROJECTS' BYLAWS AND ARTICLES OF INCORPORATION. Form 990, Part VI, Section A, Line 8b THE ORGANIZATION DOES NOT CURRENTLY HAVE ANY COMMITTEES OTHER THAN ITS BOARD OF DIRECTORS.
Form 990, Part VI, Section B, Line 11b The Form 990 was prepared by an independent accounting firm, which served as paid preparer, with assistance from the staff of AHRC NYC. A copy of the draft form 990 was circulated to the full board of the organization in either paper or electronic form for discussion and comment. Each board member is provided ample opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service.
Form 990, Part VI, Section B, Line 12c THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY VERY CAREFULLY. DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE POSSIBLE CONFLICTS OF INTEREST UPON JOINING THE ORGANIZATION, WHEN A CONFLICT ARISES, AND ANNUALLY BY FILLING OUT A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE DISCLOSURE STATEMENT IS PROVIDED TO THE SECRETARY OF THE CORPORATION. DECISIONS RELATING TO CONFLICTS ARE DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION B, Line 13 and 14 THE ORGANIZATION OPERATES UNDER THE WHISTLEBLOWER AND DOCUMENT RETENTION POLICY OF ITS SOLE MEMBER, AHRC NYC.
Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, AND AT MANAGEMENT'S DISCRETION. Form 990, Part XII, Line 2c The organization does not currently have any committees other than its Board of Directors. In Fiscal Year 2020, the organization's financial information was consolidated into AHRC NYC's audited financial statements. The consolidated audited financial statements were reviewed this year by AHRC NYC's audit committee.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2019


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