NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION (EIN 91-1884698)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-10
- IRS object ID
- 202303149349304495
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule K
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-10T14:30:11-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221478099 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1301 AVENUE OF THE AMERICAS | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911884698 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NDC HOUSING & ECONOMIC DEVELOPMENT | BusinessNameLine1Txt |
| Business Name Line2 | CORPORATION - GROUP RETURN | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NDCH | BusinessNameControlTxt |
| Phone | 2126821106 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 633 THIRD AVE 19J | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DANIEL MARSH III | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2126821106 | PhoneNum |
| Signature | 2023-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DANIEL | PersonFirstNm |
| Person Last | MARSH III | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LORI ROTHE YOKOBOSKY CPA | PreparerPersonNm |
| PTIN | P01273422 | PTIN |
| Phone | 2122970400 | PhoneNum |
| Preparation | 2023-11-04 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | DANIEL MARSH III | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 633 THIRD AVE 19J | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $118,144,512 | GrossReceiptsAmt |
| Group Return For Affiliates | Yes (1) | GroupReturnForAffiliatesInd |
| All Affiliates Included | Yes (1) | AllAffiliatesIncludedInd |
| Group Exemption | 9219 | GroupExemptionNum |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.GROWAMERICA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1988 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION'S MISSION IS TO CREATE (CONT. ON SCHEDULE O) QUALITY AFFORDABLE HOUSING FOR THE DISADVANTAGED, TO STIMULATE ECONOMIC DEVELOPMENT AND CREATE JOBS IN LOW INCOME AREAS AND TO ERECT PUBLIC BUILDINGS TO LESSEN THE BURDENS OF GOVERNMENT AND PROMOTE SOCIAL WELFARE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 28 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $42,657,950 | PYContributionsGrantsAmt |
| CY Contributions Grants | $31,207,485 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $76,639,809 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $75,619,828 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$7,058 | PYInvestmentIncomeAmt |
| CY Investment Income | -$2,515,552 | CYInvestmentIncomeAmt |
| PY Other Revenue | $10,538,681 | PYOtherRevenueAmt |
| CY Other Revenue | $11,317,199 | CYOtherRevenueAmt |
| PY Total Revenue | $129,829,382 | PYTotalRevenueAmt |
| CY Total Revenue | $115,628,960 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,759,085 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $662,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $99,361,273 | PYOtherExpensesAmt |
| CY Other Expenses | $100,076,505 | CYOtherExpensesAmt |
| PY Total Expenses | $104,120,358 | PYTotalExpensesAmt |
| CY Total Expenses | $100,738,505 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $25,709,024 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $14,890,455 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $914,444,452 | TotalAssetsBOYAmt |
| Total Assets EOY | $906,903,124 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $814,805,317 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $791,875,336 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $99,639,135 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $115,027,788 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE FOLLOWING CHARITABLE PURPOSES:A. TO CONSTRUCT NEW LOW INCOME HOUSING AND TO DEVELOP, MANAGE, OPERATE, PROMOTE, FUND, AND SUPPORT EXISTING LOW (CONT. ON SCHEDULE O) | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $79,841,861 | ExpenseAmt |
| Revenue | $75,306,466 | RevenueAmt |
| Desc | LESSENING THE BURDENS OF GOVERNMENT: HEDC ALSO PARTNERS WITH UNITS OF LOCAL GOVERNMENT TO ERECT AND MAINTAIN PUBLIC BUILDINGS, MONUMENTS, AND FACILITIES; AND TO PROMOTE SOCIAL WELFARE. THE UNDERLYING MISSION IS TO "LESSEN THE BURDEN OF GOVERNMENT". IN TOTAL, HEDC HAS DEVELOPED AND FINANCED MORE THAN THIRTY-ONE PROPERTIES AT A COST OF MORE THAN $2.5 BILLION ON BEHALF OF LOCAL GOVERNMENT. PROJECTS INCLUDE PUBLIC BUILDINGS AND CITY HALLS, EDUCATIONAL AND MEDICAL RESEARCH FACILITIES, STUDENT HOUSING, PARKING FACILITIES AND OTHER PUBLIC INFRASTRUCTURE. (CONT. SEE SCHEDULE O) DURING 2022, IN ADDITION TO PROVIDING PRE-DEVELOPMENT SERVICES TO SELECT CLIENTS HEDC BEGAN PRE-CONSTRUCTION WORK ON 1 PROJECT AS THE OWNER/DEVELOPER UNDER THE MISSION OF LESSENING THE BURDENS OF GOVERNMENT, AND ANOTHER WHERE IT WILL SERVE AS THE OWNER/DEVELOPER. THE FIRST IS A PARKING GARAGE FOR THE TOWN OF RIVERHEAD, NEW YORK AND IT IS EXPECTED TO CLOSING FINANCING AND BEGIN CONSTRUCTION IN 2024. THE SECOND PROJECT IS A MIXED USE MIXED IN THE CITY OF HARTFORD WHICH WILL PROVIDE SPACE FOR THE CITY'S DEPARTMENT OF HEALTH AS WELL AS SOME ADDITIONAL RETAIL USES. THE TRANSACTION WILL HAVE A FINAL CLOSING ON ALL FINANCING IN EARLY 2024. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $12,622,920 | ExpenseAmt |
| Grant | $662,000 | GrantAmt |
| Revenue | $6,801,971 | RevenueAmt |
| Desc | STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED AREAS: HEDC WORKS WITH NONPROFIT ORGANIZATIONS, SERVICE PROVIDERS AND UNITS OF LOCAL GOVERNMENT TO STIMULATE ECONOMIC DEVELOPMENT IN THE ECONOMICALLY DEPRESSED NEIGHBORHOODS ACROSS THE NATION. WORKING THROUGH THE NEW MARKETS TAX CREDIT PROGRAM ALONG WITH OTHER FINANCING TOOLS FOR SMALL BUSINESSES AND NONPROFITS, HEDC CREATES EMPLOYMENT AND ENTREPRENEURIAL OPPORTUNITIES FOR DISADVANTAGED GROUPS AND INDIVIDUALS, COMBATS COMMUNITY DETERIORATION, AND ELIMINATES SLUM AND BLIGHT THROUGH NEW INVESTMENT IN LOW INCOME COMMUNITIES TO REHABILITATE AND REVITALIZE NEIGHBORHOODS.(CONT. SEE SCHEDULE O) UNDER THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM, HEDC HAS SPONSORED 102 PROJECTS THROUGH A $804 MILLION NMTC ALLOCATION, WHICH LEVERAGED PROJECT FINANCING TOTALING OVER $2.4 BILLION OF NEW INVESTMENT, CREATED/RETAINED OVER 17,000 PERMANENT JOBS AND OVER 10,000 CONSTRUCTION JOBS FOR DISADVANTAGED INDIVIDUALS, AND BROUGHT BADLY NEEDED GOODS AND SERVICES TO LOW-INCOME COMMUNITIES ACROSS AMERICA. ADDITIONALLY, THE 102 PROJECTS CONTAIN 9.1 MILLION SQUARE FEET (11.6 ACRES) OF SOLAR PANELS. IN 2021, HEDC RECEIVED A $50 MILLION NEW MARKETS TAX CREDIT ALLOCATION. HEDC THROUGH ITS AFFILIATE, HEDC NEW MARKETS, INVESTED IN SIX PROJECTS IN 2022, TOTALING $35.4 MILLION IN QUALIFIED EQUITY INVESTMENTS (QEIS). EXAMPLES OF NMTC PROJECT CLOSINGS: GRADY HEALTH SYSTEM PONCE INFECTIOUS DISEASE PROGRAM - ATLANTA, GAGRADY HEALTH SYSTEM IS A $41MM REDESIGN AND EXPANSION OF ITS AIDS/HIV CLINIC. THIS FACILITY PROVIDES THE MAJORITY OF AIDS/HIV TREATMENTS IN THE STATE OF GEORGIA. THE AIDS/HIV EPIDEMIC IS STILL ONGOING IN FULTON AND DEKALB COUNTIES AND DISPROPORTIONATELY AFFECTS THE AFRICAN AMERICAN MALE POPULATION. GRADY IS ALSO A CLOSE PARTNER WITH MOOREHOUSE COLLEGE'S MEDICAL SCHOOL, OFFERING RESIDENCY AND INTERNSHIP OPPORTUNITIES TO ALL OF THE MED STUDENTS AT THE SCHOOL. HEDC NEW MARKETS PROVIDED AN $8.0 MILLION QUALIFIED EQUITY INVESTMENT IN THE $41 MILLION PROJECT THAT RESULTED IN APPROXIMATELY 100 CONSTRUCTION JOBS, THE EXPECTED RETENTION OF 99 JOBS AND THE CREATION OF 22 PERMANENT JOBS. AGC LEARNING HUB - CHICAGO, ILTHE ACADEMY OF GLOBAL CITIZENSHIP'S (AGC) "CULTIVATE COLLECTIVE" IS A SUSTAINABILITY AND WELLNESS HUB LOCATED IN SOUTHWEST CHICAGO. THE HOLISTIC CAMPUS WILL UNITE EDUCATION, WELLNESS, SUSTAINABILITY, AND ECONOMIC VITALITY TO CULTIVATE A RESILIENT, EQUITABLE AND VIBRANT FUTURE FOR THE COMMUNITY. THE FIRST PHASE, ANCHORING A 40-ACRE FORMER PUBLIC HOUSING SITE WILL HOUSE AGC'S EXISTING K-8 SCHOOL, AN EARLY CHILDHOOD CENTER, COMMUNITY HEALTH CARE CENTER, THREE-ACRE URBAN FARM, NEIGHBORHOOD MARKETPLACE, SIX TEACHING KITCHENS AND A RANGE OF COMMUNITY WELLNESS PROGRAMS AND AMENITIES. COMMUNITY OUTCOMES INCLUDE 22 NEW K-8 SEATS, A NEW 120-SEAT HEAD START PROGRAM, ESPERANZA, A BIPOC CONTROLLED FQHC, WILL RUN AN ON-SITE COMMUNITY HEALTH CLINIC SERVING 1,200 PATIENTS ANNUALLY, REMEDIATION OF A BROWNFIELD, AND CONSTRUCT A NET ENERGY/WATER POSITIVE BUILDING THAT WILL GENERATE 105% OF ENERGY NEEDS FROM ROOFTOP SOLAR PANELS. AGC'S STUDENTS ARE 98% BIPOC AND 24% HAVE SPECIAL NEEDS. HEDC NEW MARKETS PROVIDED A $7.0 MILLION QUALIFIED EQUITY INVESTMENT INTO THE $53.1 MILLION PROJECT THAT RESULTED IN APPROXIMATELY 100 CONSTRUCTION JOBS AND THE CREATION OF 40 FULL-TIME QUALITY JOBS. CITY FRESH FOODS - ROXBURY, MACITY FRESH MAKES AND DELIVERS HEALTHY MEALS TO SCHOOLS, CHILDCARE CENTERS AND SENIOR CENTERS THROUGHOUT GREATER BOSTON. THE PROJECT PRODUCES OVER 15,000 MEALS PER DAY FOR A TOTAL OF OVER 3.5 MILLION MEALS PER YEAR. THE MEALS FEED APPROXIMATELY 25,000 LOW-INCOME INDIVIDUALS AND OVER 95% OF THE PEOPLE RECEIVING ITS MEALS ARE BIPOC. THE PROJECT WILL INCLUDE THE ACQUISITION OF AN 18,000 SF COMMERCIAL CONDOMINIUM PLUS 1/2+ ACRE OF LAND PROVIDING SPACE FOR EXPANSION. THE NEW PROPERTY CONSISTS OF A BUILDING SHELL THAT WILL REQUIRE A COMPLETE RENOVATION WITH ALL NEW SYSTEMS. THE NEW FACILITY WILL ENABLE CITY FRESH TO SECURE USDA CERTIFICATION AND PRODUCTION CAPACITY WILL INCREASE FROM 3.5 MILLION MEALS TO 8.4 MILLION. THE NMTC SUBSIDY WILL ALSO ENABLE MANAGEMENT TO EXPAND ADDITIONAL OWNERSHIP OPPORTUNITIES TO ITS EMPLOYEES, 98% OF WHICH IDENTIFY AS RACIAL OR ETHNIC MINORITIES. HEDC NEW MARKETS PROVIDED A $5.0 MILLION QUALIFIED EQUITY INVESTMENT INTO THE $15 MILLION PROJECT THAT RESULTED IN 37 CONSTRUCTION JOBS AND THE CREATION OF 226 PERMANENT JOBS. NDC COMMUNITY IMPACT LOAN FUND (CILF) FEDERAL HOME LOAN BANK MEMBERSHIP, NEW YORK FORWARD, SOAR, WASHINGTON SMALL BUSINESS FLEX FUND, DISCOVER/STATE OF DELAWARE EQ2, AND DELAWARE HISTORIC TAX CREDIT BRIDGE FUND NUMEROUS STUDIES HAVE DOCUMENTED THAT, EVEN AFTER CONTROLLING FOR DIFFERENCES IN CREDITWORTHINESS, BIPOC OWNED SMALL BUSINESSES EXPERIENCE HIGHER LOAN DENIAL RATES AND PAY HIGHER INTEREST RATES THAN WHITE-OWNED BUSINESSES. THIS TREND HAS ACCELERATED AS A RESULT OF THE COVID-19 INDUCED ECONOMIC DOWNTURN. BECAUSE OF THESE DENIAL RATES, BIPOC OWNED BUSINESS MUST RELY MORE UPON OWNER'S EQUITY AND LESS ON BANK DEBT. YET, BIPOC BUSINESSES HAVE LESS EQUITY AND LOWER HOUSEHOLD WEALTH TO DRAW FROM. AS A RESULT, BIPOC SMALL BUSINESSES LAUNCH WITH LESS TOTAL CAPITALIZATION THAN CONVENTIONAL BUSINESSES. WITH INADEQUATE CAPITALIZATION, THESE BUSINESSES SUFFER A HIGHER FAILURE RATE THAN WHITE-OWNED BUSINESSES. IN 2022, CILF, HEDC'S NATIONAL CDFI, OPERATED LOAN PROGRAMS AROUND THE COUNTRY, DEPLOYING MORE THAN $63 MILLION TO APPROXIMATELY 600 SMALL BUSINESSES THE VAST MAJORITY OF WHICH (87%) WERE OWNED BY PERSONS OF LOW INCOME AND IN TRADITIONALLY UNDERSERVED COMMUNITIES OF COLOR AND LOW INCOME. THOSE ENTREPRENEURS RETAINED MORE THAN 2,500 EXISTING JOBS AND PROJECTED ADDING ANOTHER 1,000+. IN DECEMBER OF 2021, NDC COMMUNITY IMPACT LOAN FUND (CILF) WAS GRANTED MEMBERSHIP INTO THE FEDERAL HOME LOAN BANK OF NEW YORK. AS A CDFI MEMBER, CILF WILL UTILIZE DRAWS FROM THE FHLB TO FUND UP TO SEVENTY PERCENT OF A LOAN MADE TO AN ELIGIBLE BUSINESS, HOUSING AND/OR NONPROFIT BORROWER. THE MEMBERSHIP WILL ALLOW CILF TO CONTINUE TO EXPAND ITS LENDING ACTIVITY, INCLUDING PRIORITY LENDING IN CDFI ELIGIBLE CENSUS TRACTS AND TO LOW INCOME BORROWERS. IN 2020, CILF RECEIVED A $38 MILLION EQ2 INVESTMENT COMMITMENT FROM DISCOVER BANK. CILF IN TURN MADE A LOAN TO THE UNIVERSITY OF DELAWARE SPONSORED FINTECH CENTER AND HAS BEEN FUNDING CONSTRUCTION PROGRESS PAYMENTS FOR THE FINTECH CENTER LOCATED ON THE STAR CAMPUS OF THE UNIVERSITY. WHEN FINISHED, THE BUILDING WILL HOUSE UNIVERSITY CLASSROOMS, OFFICES AND FINANCIAL LITERACY PROGRAMS DESIGNED TO SUPPORT THE GREATER DELAWARE SMALL BUSINESS COMMUNITY. THE LOAN PROVIDED BY CILF WILL BE USED TO PROVIDE LOW-COST, PATIENT, AND PERMANENT FIRST MORTGAGE FINANCING FOR THE CONSTRUCTION OF THE FACILITY. EXAMPLES OF THE LOANS MADE BY CILF IN 2022 INCLUDE: - AN $80,000 LOAN TO EZ DRYWALL AND CARPENTRY SERVICES CORP., AN AFRICAN AMERICAN-OWNED CONSTRUCTION COMPANY IN PORT ST. LUCIE, FLORIDA- A $300,000 LOAN TO CHEF K INC., AN AFRICAN AMERICAN AND WOMAN-OWNED JUICE MANUFACTURER AND DISTRIBUTOR IN WATERBURY, CT- A $55,000 LOAN TO LATINO EDUCATIONAL TRAINING INSTITUTE, A HISPANIC & WOMAN OWNED LOW-INCOME-OWNED NON-PROFIT THAT ASSISTS NEW IMMIGRANTS IN LYNWOOD, WASHINGTON | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $793,288 | ExpenseAmt |
| Revenue | $812,156 | RevenueAmt |
| Desc | LOW INCOME HOUSING:HEDC IS A NATIONAL LEADER IN LOW-INCOME HOUSING THROUGH BOTH DEVELOPMENT AND INVESTMENT. WORKING IN PARTNERSHIP WITH NONPROFIT ORGANIZATIONS AND SERVICE PROVIDERS AROUND THE NATION, HEDC HAS DEVELOPED, FINANCED, OPERATED, AND/OR MANAGED OVER 14,000 UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE LOW-INCOME HOUSING TOTALING MORE THAN $2.5 BILLION OF INVESTMENT IN LOW-INCOME COMMUNITIES IN MORE THAN 30 STATES.(CONT. SEE SCHEDULE O) | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $93,258,069 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | Yes (1) | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 28 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DANIEL CHOI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2126821106 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 633 THIRD AVE SUITE 19J | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| ADAM ENNIS | |||||||
| BD MEMBER/COO | 5.50 | 44.50 | Yes (X) | Yes (X) | $0 | $220,109 | $90,195 |
| BRENDAN MEHAFFY | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| BYRON BROWN | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| CHARLEY DEPEW | |||||||
| BD MEMBER | 3.00 | 47.00 | Yes (X) | $0 | $209,259 | $27,998 | |
| DANIEL CHOI | |||||||
| CFO | 22.50 | 27.50 | Yes (X) | Yes (X) | $0 | $164,163 | $86,257 |
| DANIEL MARSH III | |||||||
| PRES/BD MEMBER | 4.40 | 50.60 | Yes (X) | Yes (X) | $0 | $452,944 | $190,813 |
| DAVID J TREVISANI | |||||||
| BD MEMBER/VICE PRESIDENT | 10.50 | 49.50 | Yes (X) | Yes (X) | $0 | $214,643 | $85,560 |
| GERTUDE SCRIVEN | |||||||
| BD MEMBER | 0.50 | 49.50 | Yes (X) | $0 | $213,515 | $120,444 | |
| JOHN MURRAY | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| JOHN PALYO | |||||||
| BD MEMBER | 5.00 | 45.00 | Yes (X) | $0 | $214,066 | $81,711 | |
| KEITH SWENSON | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| KEVIN GREMSE | |||||||
| BD MEMBER | 1.00 | 49.00 | Yes (X) | $0 | $243,106 | $90,436 | |
| KISTY MORRIS | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| KYLE DONAHUE | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| LARRY WEST | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL GRIFFIN | |||||||
| BD MEMBER | 1.00 | 49.00 | Yes (X) | $0 | $252,267 | $104,725 | |
| OSEREMI ADEKOYE | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| RAQUEL FAVELA | |||||||
| BD MEMBER | 1.00 | 49.00 | Yes (X) | $0 | $216,670 | $72,461 | |
| ROSEANN NOVEMBRINO | |||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| SHATORAH DONOVAN | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| SHEILA HUMMEL | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| STEPHANIE DUGAN | |||||||
| BD MEMBER | 1.00 | 49.00 | Yes (X) | $0 | $215,123 | $73,474 | |
| STEVEN THAYER | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| SVANTE MYRICK | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS GIBNEY | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| TOM SCHAPPACHER | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| WHITNEY TRUMBLY | |||||||
| BD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM L COURTRIGHT | |||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| JENNIE VERTREES | |||||||
| SECRETARY | 15.00 | 35.00 | Yes (X) | $0 | $101,193 | $77,225 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,717,058 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,101,299 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SEATTLE MAINTENANCE SERVICES | |||||
| PO BOX 95384 | SEATTLE | WA | 98145 | JANITORIAL | $1,524,398 |
| BGIS GLOBAL INTEGRATED SOLUTIONS US LLC | |||||
| 210 S HUDSON ST STE 380 | SEATTLE | WA | 98134 | PROPERTY MANAGEMENT | $1,316,509 |
| HINES INTERESTS LIMITED PARTNERSHIP | |||||
| 2800 POST OAK BLVD | HOUSTON | TX | 77056 | PROPERTY MANAGEMENT | $1,268,856 |
| STAR PROTECTION AGENCY LLC | |||||
| 875 124TH AVENUE NE STE 101 | BELLEVUE | WA | 98005 | SECURITY | $685,445 |
| HINES WEST REAL PROPERTY SERVICES LLC | |||||
| C/O 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | MANGEMENT FEES | $131,250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $172,899 | RelatedOrganizationsAmt |
| Government Grants | $30,384,452 | GovernmentGrantsAmt |
| All Other Contributions | $650,134 | AllOtherContributionsAmt |
| Total Contributions | $31,207,485 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RENTAL INCOME | 900099 | $57,816,922 | $57,816,922 |
| INTEREST REVENUE | 900099 | $15,271,305 | $15,271,305 |
| DEVELOPER FEE INCOME | 900099 | $1,481,601 | $1,481,601 |
| FINANCIAL ASSISTANCE | 900099 | $1,050,000 | $1,050,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $75,619,828 | TotalProgramServiceRevenueAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,515,552 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$2,515,552 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$2,515,552 | TotalRevenueColumnAmt |
| Exclusion | -$2,515,552 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| PARKING INCOME | 900099 | $3,205,919 | $3,205,919 | |
| TREASURY REBATES | 900099 | $2,141,065 | $2,141,065 | |
| MANAGEMENT FEE INCOME | 900099 | $1,147,550 | $1,147,550 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,822,665 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,947,296 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,875,369 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $11,317,199 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $115,628,960 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $82,920,593 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,500,882 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $662,000 | TotalAmt |
| Program Services | $662,000 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,408,142 | TotalAmt |
| Program Services | $3,134,654 | ProgramServicesAmt |
| Management And General | $2,273,488 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,326,239 | TotalAmt |
| Program Services | $801,151 | ProgramServicesAmt |
| Management And General | $3,525,088 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,306,030 | TotalAmt |
| Program Services | $15,306,030 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,761 | TotalAmt |
| Program Services | $96,761 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,413,024 | TotalAmt |
| Program Services | $31,413,024 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,333,177 | TotalAmt |
| Program Services | $22,333,177 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,103,022 | TotalAmt |
| Program Services | $1,103,022 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| OPERATING & MAINTENANCE | $9,605,552 | $9,605,552 | |
| PROVISION FOR LOAN LOSS | $7,202,061 | $7,202,061 | |
| ADMINISTRATIVE EXPENSES | $1,621,942 | $1,621,942 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,660,555 | TotalAmt |
| Program Services | $1,600,637 | ProgramServicesAmt |
| Management And General | $59,918 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,738,505 | TotalAmt |
| Program Services | $93,258,069 | ProgramServicesAmt |
| Management And General | $7,480,436 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,416,453 | BOYAmt |
| EOY | $20,996,502 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,159,911 | BOYAmt |
| EOY | $18,768,903 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $927,819 | BOYAmt |
| EOY | $1,424,765 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,691,122 | BOYAmt |
| EOY | $1,313,947 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,611,294 | BOYAmt |
| EOY | $85,665,451 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,451,005 | BOYAmt |
| EOY | $2,038,036 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $594,873,784 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $245,449,304 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $398,302,744 | BOYAmt |
| EOY | $349,424,480 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $365,016,523 | BOYAmt |
| EOY | $360,660,084 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,121,445 | BOYAmt |
| EOY | $3,529,310 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,746,136 | BOYAmt |
| EOY | $63,081,646 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $914,444,452 | BOYAmt |
| EOY | $906,903,124 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,191,096 | BOYAmt |
| EOY | $18,167,634 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123,800 | BOYAmt |
| EOY | $62,000 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,004,745 | BOYAmt |
| EOY | $10,195,788 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $641,454,835 | BOYAmt |
| EOY | $571,416,566 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,495,000 | BOYAmt |
| EOY | $149,752,089 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,366,396 | BOYAmt |
| EOY | $374,961 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,169,445 | BOYAmt |
| EOY | $41,906,298 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $814,805,317 | BOYAmt |
| EOY | $791,875,336 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,639,135 | BOYAmt |
| EOY | $115,027,788 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,639,135 | BOYAmt |
| EOY | $115,027,788 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $914,444,452 | BOYAmt |
| EOY | $906,903,124 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $14,890,455 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $498,198 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,004,086 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,132,754 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $104,174,208 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $42,657,950 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $31,207,485 | CurrentTaxYearAmt |
| Total | $182,176,483 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $107,428,707 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $76,832,699 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $78,928,459 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $76,639,809 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $75,619,828 | CurrentTaxYearAmt |
| Total | $415,449,502 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $109,432,793 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $78,965,453 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $183,102,667 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $119,297,759 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $106,827,313 | CurrentTaxYearAmt |
| Total | $597,625,985 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $708,069 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $760,500 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,204,808 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $90,160 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $110,899 | CurrentTaxYearAmt |
| Total | $2,874,436 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $708,069 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $760,500 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,204,808 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $90,160 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $110,899 | CurrentTaxYearAmt |
| Total | $2,874,436 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $594,751,549 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $163,469 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $31,529 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,176,706 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $425,159 | CurrentTaxYearMinus1YearAmt |
| Total | $3,796,863 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $163,469 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $31,529 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,176,706 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $425,159 | CurrentTaxYearMinus1YearAmt |
| Total | $3,796,863 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,796,642 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,834,265 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,406,336 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,538,681 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,317,199 | CurrentTaxYearAmt |
| Total | $48,893,123 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $116,392,904 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $90,831,247 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $194,685,709 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $130,261,599 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $118,144,512 | CurrentTaxYearAmt |
| Total | $650,315,971 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.91460 | PublicSupportCY509Pct |
| Public Support PY509 | 0.90790 | PublicSupportPY509Pct |
| Investment Income CY | 0.00580 | InvestmentIncomeCYPct |
| Investment Income PY | 0.01000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | PARKING FEE - 2018 AMOUNT: $ 3,353,463. 2019 AMOUNT: $ 4,063,843. 2020 AMOUNT: $ 2,645,535. 2021 AMOUNT: $ 2,479,799. 2022 AMOUNT: $ 3,205,919. TREASURY REBATES - 2018 AMOUNT: $ 2,540,046. 2019 AMOUNT: $ 2,459,613. 2020 AMOUNT: $ 2,506,809. 2021 AMOUNT: $ 2,110,986. 2022 AMOUNT: $ 2,141,065. MISC FEE INCOME - 2018 AMOUNT: $ 847,583. 2019 AMOUNT: $ 5,205,259. 2020 AMOUNT: $ 3,158,442. 2021 AMOUNT: $ 5,524,346. 2022 AMOUNT: $ 4,822,665. MANAGEMENT FEE INCOME - 2018 AMOUNT: $ 55,550. 2019 AMOUNT: $ 105,550. 2020 AMOUNT: $ 95,550. 2021 AMOUNT: $ 423,550. 2022 AMOUNT: $ 1,147,550. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $551,442,720 | OtherCostOrOtherBasisAmt |
| Depreciation | $231,963,123 | DepreciationAmt |
| Book Value | $319,479,597 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,356,199 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,935,664 | DepreciationAmt |
| Book Value | $5,420,535 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,704,312 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,550,517 | DepreciationAmt |
| Book Value | $13,153,795 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,370,553 | OtherCostOrOtherBasisAmt |
| Book Value | $11,370,553 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $349,424,480 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| SOCIAL INFRASTRUCTURE DEV. TO LESSEN THE BURDEN OF GOVT | $303,186,580 | F |
| CDI INVESTMENT, ECONOMIC DEVELOPMENT | $57,261,513 | F |
| LOW INCOME HOUSING PROJECTS | $211,991 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $360,660,084 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp (7 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM AFFILIATES | $15,646,048 |
| INTEREST RECEIVABLE | $414,546 |
| ASSETS LIMITED TO USE | $41,795,600 |
| DEVELOPER FEE RECEIVABLE | $1,649,248 |
| DEFERRED FINANCING COSTS | $3,508,389 |
| FEE RECEIVABLES | $8,150 |
| INTERCOMPANY RECEIVEABLES | $59,665 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $63,081,646 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (11 entries)
| DescDesc | AmtAmt |
|---|---|
| BOND PREMIUM | $9,135,870 |
| DUE TO THIRD PARTIES | $13,716,372 |
| DEFERRED LEASE LIABILITIES | $5,577,914 |
| ADVANCES PAYABLE | $1,457,493 |
| DEFERRED RENT | $2,102,415 |
| INVESTMENT LIABILITIES IN PROJECTS | $2,903,306 |
| RESERVE DEPOSITS | $1,620,068 |
| CONSTRUCTION FUNDS PAYABLE | $1,556,650 |
| DEVELOPER FEES PAYABLE | $3,342,898 |
| SECURITY DEPOSITS | $60,650 |
| OTHER LIABLILITIES | $432,662 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $41,906,298 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| NDC HOUSING AND ECONOMIC DEVELOPMENT CORP | ||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 112933129 | 501(C)(3) | $600,000 | $0 | OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T) |
| NDC COMMUNITY IMPACT LOAN FUND | ||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 133678913 | 501(C)(3) | $62,000 | $0 | OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY REQUIRING THE GRANTEE TO PROVIDE PERIODIC REPORTS THAT DESCRIBE THE USE OF GRANT FUNDS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DANIEL MARSH III | ||||||||||||||
| PRES/BD MEMBER | $0 | $448,000 | $0 | $0 | $0 | $4,944 | $0 | $172,604 | $0 | $18,209 | $0 | $643,757 | $0 | $0 |
| MICHAEL GRIFFIN | ||||||||||||||
| BD MEMBER | $0 | $249,945 | $0 | $0 | $0 | $2,322 | $0 | $61,008 | $0 | $43,717 | $0 | $356,992 | $0 | $0 |
| GERTUDE SCRIVEN | ||||||||||||||
| BD MEMBER | $0 | $209,449 | $0 | $0 | $0 | $4,066 | $0 | $101,257 | $0 | $19,187 | $0 | $333,959 | $0 | $0 |
| KEVIN GREMSE | ||||||||||||||
| BD MEMBER | $0 | $240,841 | $0 | $0 | $0 | $2,265 | $0 | $44,772 | $0 | $45,664 | $0 | $333,542 | $0 | $0 |
| ADAM ENNIS | ||||||||||||||
| BD MEMBER/COO | $0 | $219,640 | $0 | $0 | $0 | $469 | $0 | $45,531 | $0 | $44,664 | $0 | $310,304 | $0 | $0 |
| DAVID J TREVISANI | ||||||||||||||
| BD MEMBER/VICE PRESIDENT | $0 | $211,641 | $0 | $0 | $0 | $3,002 | $0 | $40,946 | $0 | $44,614 | $0 | $300,203 | $0 | $0 |
| JOHN PALYO | ||||||||||||||
| BD MEMBER | $0 | $212,048 | $0 | $0 | $0 | $2,018 | $0 | $41,094 | $0 | $40,617 | $0 | $295,777 | $0 | $0 |
| RAQUEL FAVELA | ||||||||||||||
| BD MEMBER | $0 | $215,591 | $0 | $0 | $0 | $1,079 | $0 | $53,390 | $0 | $19,071 | $0 | $289,131 | $0 | $0 |
| STEPHANIE DUGAN | ||||||||||||||
| BD MEMBER | $0 | $212,121 | $0 | $0 | $0 | $3,002 | $0 | $41,779 | $0 | $31,695 | $0 | $288,597 | $0 | $0 |
| DANIEL CHOI | ||||||||||||||
| CFO | $0 | $163,867 | $0 | $0 | $0 | $296 | $0 | $42,978 | $0 | $43,279 | $0 | $250,420 | $0 | $0 |
| CHARLEY DEPEW | ||||||||||||||
| BD MEMBER | $0 | $203,757 | $0 | $0 | $0 | $5,502 | $0 | $11,801 | $0 | $16,197 | $0 | $237,257 | $0 | $0 |
| JENNIE VERTREES | ||||||||||||||
| SECRETARY | $0 | $100,409 | $0 | $0 | $0 | $784 | $0 | $34,755 | $0 | $42,470 | $0 | $178,418 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL 457(F) EXECUTIVE RETIREMENT PLAN, NO CONTRIBUTIONS WERE MADE DURING THE YEAR. - DANIEL MARSH III - GERTRUDE SCRIVEN | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| WASHINGTON ECONOMIC DEV FIN AUTH | ||||||||
| A | 911493002 | 93975WCB9 | 2014-07-24 | $109,205,000 | REFUNDING | 0 | 0 | 0 |
| CITY OF NEWBURGH IND DEV AGENCY | ||||||||
| B | 141742033 | 650861AB3 | 2005-11-17 | $21,230,000 | CONSTRUCTION | 0 | 0 | 0 |
| TOMPKINS COUNTY IDA | ||||||||
| C | 161214039 | 890099CN2 | 2003-12-01 | $19,035,000 | CONSTRUCTION | 0 | 0 | 0 |
| WBRP 32 | ||||||||
| D | 273468946 | 937308AY0 | 2015-10-07 | $107,615,000 | CONSTRUCTION | 0 | Yes (1) | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Credit EnhancementCreditEnhancementAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | In Reserve FundInReserveFundAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capitalized InterestCapitalizedInterestAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $44,890,000 | $109,205,000 | $108,233,233 | $971,767 | Yes (1) | 0 | 0 | Yes (1) | |||||||
| B | $15,205,782 | $21,230,000 | $372,076 | 0 | 0 | Yes (1) | Yes (1) | $112,175 | $19,714,522 | $1,031,227 | 2007 | ||||
| C | $10,520,000 | $19,035,000 | $1,285,687 | 0 | 0 | 0 | Yes (1) | 2005 | $2,086,771 | $15,662,542 | |||||
| D | $13,375,000 | $107,615,000 | $1,613,002 | 0 | 0 | 0 | Yes (1) | $104,849,679 | $12,078,360 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | Yes (1) | 0.00790 | 0.00790 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
| D | 0 | 0 | 0 | Yes (1) | Yes (1) | 0.01360 | 0.01360 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | DATE REBATE COMPUTATION PERFORMED | FormAndLineReferenceDesc |
| Explanation | ISSUER NAME: SCRANTON-LACKAWANA HLTH & WELF. AUTH. (CDP SCRANTON) DATE THE REBATE COMPUTATION WAS PERFORMED: 10/28/2021 ISSUER NAME: CDP LOS ANGELES COUNTY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/16/2022 ISSUER NAME: WASH. ST. HOUSING FINANCING COMM. DATE THE REBATE COMPUTATION WAS PERFORMED: 04/22/2022 | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| NJB PROPERTIES | ||||||||
| A | 205535917 | 65486MAAS | 2006-12-05 | $179,285,000 | CONSTRUCTION | 0 | Yes (1) | 0 |
| TOP | ||||||||
| B | 260073671 | 89054QAP5 | 2014-06-26 | $43,435,000 | CONSTRUCTION | 0 | Yes (1) | 0 |
| WASHINGTON ECONOMIC DEV FIN AUTH | ||||||||
| C | 911493002 | 93975WEH4 | 2013-12-11 | $28,995,000 | REFUNDING | 0 | 0 | 0 |
| SCRANTON-LACKAWANA HLTH & WELF AUTH (CDP SCRANTON) | ||||||||
| D | 232205980 | 810694K99 | 2016-08-30 | $36,126,671 | ACQUIRE LEASEHOLD INTEREST | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Refunding EscrowRefundingEscrowAmt | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $4,820,000 | $155,420,000 | $179,285,000 | $2,136,771 | $177,148,229 | 2009 | 0 | 0 | 0 | Yes (1) | ||
| B | $18,650,000 | $43,435,000 | $239,100 | Yes (1) | 0 | Yes (1) | Yes (1) | $48,867,177 | $30,362 | |||
| C | $12,225,000 | $28,995,000 | $405,166 | Yes (1) | 0 | Yes (1) | Yes (1) | $28,589,834 | ||||
| D | $531,835 | $36,126,671 | $3,145,683 | $32,980,988 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Total Private Business UseTotalPrivateBusinessUsePct |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
| C | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | Yes (1) | Yes (1) | 0.01360 | 0.01360 |
| D | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 |
| C | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 |
| D | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| CDP LOS ANGELES COUNTY | ||||||||
| A | 273473882 | 20368RAR5 | 2011-05-26 | $43,710,000 | CONSTRUCTION | Yes (1) | Yes (1) | 0 |
| COMMUNITY PROPERTIES ALASKA INC | ||||||||
| B | 455454746 | 20401WAT9 | 2012-12-19 | $25,070,000 | CONSTRUCTION | 0 | Yes (1) | 0 |
| COB PROPERTIES | ||||||||
| C | 453455657 | 19075HAV4 | 2014-07-11 | $49,625,000 | CONSTRUCTION | 0 | Yes (1) | 0 |
| FYI PROPERTIES | ||||||||
| D | 262473717 | 302716AW5 | 2019-03-05 | $227,875,000 | REFUNDING | 0 | Yes (1) | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $12,570,000 | $31,140,000 | $43,710,000 | $1,271,507 | $42,438,493 | 2012 | 0 | 0 | 0 | Yes (1) |
| B | $4,200,000 | $25,070,000 | $544,205 | $24,525,795 | 2014 | 0 | 0 | 0 | Yes (1) | |
| C | $9,030,000 | $49,625,000 | $1,020,679 | $48,604,321 | 2015 | 0 | 0 | 0 | Yes (1) | |
| D | $24,035,000 | $227,875,000 | $341,665 | $227,533,335 | Yes (1) | 0 | 0 | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| C | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 |
| D | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WASH ST HOUSING FINANCING COMM | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 911874730 | BondIssuerEIN |
| Bond Issued | 2020-12-30 | BondIssuedDt |
| Issue Price | $14,410,000 | IssuePriceAmt |
| Purpose | REFUNDING | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $433,671 | RetiredAmt |
| Total Proceeds | $14,410,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $314,934 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $14,095,066 | CapitalExpendituresAmt |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 1 CONTINUATION: | INCOME HOUSING FOR PERSONS OF LIMITED FINANCIAL MEANS, HANDICAPPED PERSONS, ELDERLY PERSONS, AND OTHER PERSONS IN NEED OF SAFE ADEQUATE AFFORDABLE HOUSING AND TO ASSIST GENERALLY IN THE ALLEVIATION OF HOUSING SHORTAGES THROUGHOUT THE US. B. TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS, FACILITIES, OR WORKS; TO LESSEN THE BURDENS OF GOVERNMENT; AND TO PROMOTE SOCIAL WELFARE. C. TO INITIATE AND CARRY OUT ACTIVITIES TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED AREAS OF THE US. IN PARTICULAR, TO UNDERTAKE ACTIVITIES THAT: - RELIEVE POVERTY AND LESSEN NEIGHBORHOOD TENSION CAUSED BY A LACK OF JOBS IN DETERIORATED AND DEPRESSED AREAS BY PROVIDING TRAINING OPPORTUNITIES FOR THE UNEMPLOYED AND CREATING JOB OPPORTUNITIES FOR DISADVANTAGED GROUPS. - COMBAT COMMUNITY DETERIORATION AND ELIMINATE BLIGHT BY UNDERTAKING ACTIVITIES THAT STIMULATE THE ESTABLISHMENT OF NEW BUSINESSES AMONG DISADVANTAGED GROUPS AND WHICH REHABILITATE AND REVIVE EXISTING BUSINESSES OPERATED BY DISADVANTAGED GROUPS. |
| FORM 990, PART III, LINE 4C CONTINUATION: | IN 2022, THROUGH OUR LOW-INCOME HOUSING DEVELOPMENT AND INVESTMENT ACTIVITIES, HEDC THROUGH ITS AFFILIATES, THE NDC CORPORATE EQUITY FUNDS, INVESTED MORE THAN $121 MILLION IN 16 PROJECTS CONTAINING 1,110 UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE HOUSING FOR LOW-INCOME PERSONS AND FAMILIES, THE ELDERLY, AND PEOPLE WITH SPECIAL NEEDS. THE FOLLOWING ARE REPRESENTATIVE SAMPLES OF HEDC AFFORDABLE HOUSING PROJECTS COMPLETED IN 2022: SIDNEY VILLAGE SIDNEY, OHIO SIDNEY VILLAGE IS AN EXISTING FAMILY RENTAL PROJECT THAT CONSISTS OF THIRTY-FOUR (34) UNITS IN SIX BUILDINGS. THE PROPERTY INCLUDES ONE, TWO, THREE AND FOUR BEDROOM UNITS AND WILL BE RENTED TO FAMILY HOUSEHOLDS WHOSE INCOME DOES NOT EXCEED 50% OF THE AREA MEDIAN INCOME. THE PROPERTY RENOVATION WILL INCLUDE IMPROVEMENTS TO SITE AND BUILDING DESIGN, MECHANICAL AND ELECTRICAL SYSTEMS AND BUILDING COMPONENTS INCLUDING EXTERIOR, INTERIOR AND LIFE SAFETY ITEMS. UNIT RENOVATIONS WILL INCLUDE NEW KITCHEN AND BATHROOM CABINETS, KITCHEN APPLIANCES, NEW FLOORING IN BEDROOMS AND PAINTING ALL UNITS. APPLEWOOD APARTMENTS PROCTORVILLE, OHIO APPLEWOOD APARTMENTS WILL BE THE NEW CONSTRUCTION OF FIFTY (50) AFFORDABLE APARTMENTS UNITS. THE UNITS WILL BE TARGETING HOUSEHOLDS WITH INCOMES BETWEEN 30% AND 60% OF THE AREA MEDIAN INCOME AND WILL INCLUDE ONE, TWO, AND THREE BEDROOM FAMILY UNITS. THE PROJECT WILL OFFER A STACKED TOWNHOMESOVERFLATS DESIGN, A UNIQUE PRODUCT TYPE FOR THIS MARKET THAT COMBINES THE EFFICIENCY OF A MULTIFAMILY BUILDING WITH THE ATTRACTIVENESS OF A PRIVATE ENTRANCE TO EACH UNIT. RESIDENTS OF THE 20 GROUNDFLOOR UNITS WILL HAVE PRIVATE PATIOS. UPPERLEVEL UNITS, A MIX OF ONE AND TWOBEDROOMS, WILL HAVE INDIVIDUAL ENTRANCES ON THE GROUND LEVEL THAT LEAD TO STAIRS UP TO THE MAIN LIVING AREA. THE PROPERTY WILL INCLUDE AMENITIES SUCH AS ON-SIGHT MANAGEMENT, ACTIVITY ROOM, ACCESS TO CHILDCARE, AND OTHER SOCIAL SERVICES. MURRAY ON MAIN APARTMENTS WILLIMANTIC, CT MURRAY ON MAIN WILL BE THE SUBSTANTIAL RENOVATION OF A THREE STORY HISTORIC BUILDING IN DOWNTOWN WILLIMANTIC, CT INTO 16 LIHTC UNITS COMPRISED OF STUDIO, ONE AND TWO BEDROOM UNITS. THE BUILDING WILL ALSO INCLUDE 1,500 SQUARE FEET OF FUTURE COMMERCIAL SPACE. THE LIHTC UNITS WILL BE TARGETING HOUSEHOLDS WITH INCOMES BETWEEN 50% AND 60% OF THE AREA MEDIAN INCOME. |
| FORM 990, PART VI, SECTION A, LINE 6 | NATIONAL DEVELOPMENT COUNCIL IS THE SOLE VOTING MEMBER OF NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | NATIONAL DEVELOPMENT COUNCIL IS THE SOLE VOTING MEMBER OF NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION AND HAS THE POWER TO ELECT AND REMOVE DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS PREPARED BY OUTSIDE TAX PREPARERS IN CONSULTATION WITH MANAGEMENT AND AUDITORS. A DRAFT OF THE FULL FORM 990 WAS PROVIDED TO THE ENTIRE BOARD FOR REVIEW. A COMPLETE COPY OF THE FINAL FORM 990 WAS PROVIDED TO THE ORGANIZATION'S ENTIRE BOARD BEFORE IT WAS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL MEMBERS OF NDC'S BOARD OF DIRECTORS AND EXECUTIVE EMPLOYEES ARE REQUIRED ANNUALLY TO EXECUTE A CONFLICT OF INTEREST AND COMPENSATION GUIDELINES ACKNOWLEDGEMENT STATING THAT THEY HAVE RECEIVED, READ AND UNDERSTAND, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES. THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES REQUIRES BOARD MEMBERS AND EXECUTIVE EMPLOYEES TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST IMMEDIATELY.UPON DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, THE CHAIRPERSON OF THE BOARD WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY CAN RESULT IN APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. ALSO, ALL BOARD MEMBERS, BY EXECUTING THE ANNUAL ACKNOWLEDGEMENT STATEMENT, CONCERNING THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES, ACKNOWLEDGE THAT NDC SHALL REMAIN FAITHFUL TO ITS CHARITABLE PURPOSES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE DOCUMENTS ARE AVAILABLE BY REQUEST. |
| FORM 990, PART IV, LINE 12B: | THIS RETURN HAS BEEN PREPARED BASED ON ALL AVAILABLE INFORMATION AT THE TIME OF FILING. IT IS ALSO BASED ON UNAUDITED FINANCIAL STATEMENTS. IF ANY SIGNIFICANT DIFFERENCES ARISE AFTER THIS FILING, THIS RETURN WILL BE AMENDED TO PROPERLY REFLECT THE ADDITIONAL INFORMATION. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION | |||||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 112933129 | ECON DEV/ASSIST GOV'T/HOUSING | VA | 501(C)(3) | LINE 10 | NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC | 0 | |
| GROW AMERICA FUND INC | |||||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 133641265 | LOANS AT BELOW-MARKET RATES FOR ECONOMIC DEVELOPMENT | DE | 501(C)(3) | LINE 10 | NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC | 0 | |
| NDC SUPPORT I INC | |||||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 134156877 | SUPPORT NDC | NY | 501(C)(3) | LINE 12A, I | NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC | 0 | |
| KINGSBOROUGH HOUSING DEVELOPMENT FUND COMPANY INC | |||||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 141734500 | HOUSING | NY | 501(C)(3) | LINE 10 | NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC | 0 | |
| NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT | |||||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 136532871 | ECON DEV/ASSIST GOV'T/HOUSING | NY | 501(C)(3) | LINE 10 | 0 | N/A | |
| NDC GREEN RENEWABLE ENERGY ENTERPRISE NEXUS | |||||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 273820841 | ECONOMIC DEVELOPMENT | NY | 501(C)(3) | LINE 10 | NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC | 0 | |
| NDC RESOURCES | |||||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 460674188 | ECON DEV/HOUSING/ASSIST GOV'T | DC | 501(C)(3) | LINE 12A, I | NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC | 0 | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (16 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd |
|---|---|---|---|---|---|---|---|---|---|
| NDC CORPORATE EQUITY FUND III | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 134071776 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND IV | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 134151268 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND V | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 134195127 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND VI | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 050585420 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND VII | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 203273264 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND VIII | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 261481355 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND IX | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 264226439 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND X | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 454281155 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND XI | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 462764258 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND XII | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 473762588 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND XIII | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 813113490 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND XIV | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 821877042 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND XV | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 831506679 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND XVI | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 842872284 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND XVII LP | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 851350461 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
| NDC CORPORATE EQUITY FUND XVIII LP | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 861325179 | LOW INCOME HOUSING | NY | N/A | 0 | 0 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| COMMUNITY DEVELOPMENT GROUP HOLT | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 201643188 | HOUSING | NY | N/A | C | 0 |
| COMMUNITY DEVELOPMENT GROUP ILLINOIS INC | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 201644052 | HOUSING | NY | N/A | C | 0 |
| COMMUNITY DEVELOPMENT GROUP KENTUCKY INC | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 133555220 | ECONOMIC DEVELOPMENT | NY | N/A | C | 0 |
| COMMUNITY DEVELOPMENT GROUP RENEWABLE ENERGY | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 262989445 | ECONOMIC DEVELOPMENT | NY | N/A | C | 0 |
| COMMUNITY DEVELOPMENT GROUP WALLA WALLA INC | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 133615889 | ECONOMIC DEVELOPMENT | NY | N/A | C | 0 |
| COMMUNITY DEVELOPMENT INVESTOR BROOKLYN | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 461534076 | ECONOMIC DEVELOPMENT | NY | N/A | C | 0 |
| HOUSING DEVELOPMENT GROUP III | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 203673695 | HOUSING | NY | N/A | C | 0 |
| NDC GREEN RENEWABLE ENERGY ENTERPRISE NEXUS | |||||||||
| 633 THIRD AVE SUITE 19J | NEW YORK | NY | 10017 | 273820841 | ECONOMIC DEVELOPMENT | NY | N/A | C | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Comments