2022-11-14T13:23:57-06:00 2021-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2021-01-01 911884698 NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN NDCH 2126821106 325 GOLD STREET 501 BROOKLYN NY 11201 DANIEL MARSH III PRESIDENT 2126821106 2022-11-14 1 DANIEL MARSH III 999009999 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2022-11-13 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DANIEL MARSH III 325 GOLD STREET 501 BROOKLYN NY 11201 130261599 1 1 9219 X WWW.NDCONLINE.ORG X 1988 VA 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. 25 14 0 0 0 0 104174208 42657950 78928459 76639809 2154151 -7058 8407336 10538681 193664154 129829382 101707500 4759085 0 0 0 0 0 0 0 93219482 99361273 194926982 104120358 -1262828 25709024 1012755346 914444452 939242041 814805317 73513305 99639135 X 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) 0 0 84759117 77758712 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 2021, HEDC UNDERTOOK NO PROJECTS AS THE OWNER/DEVELOPER UNDER THE MISSION OF LESSENING THE BURDENS OF GOVERNMENT. HOWEVER, NDC HEDC DID DESIGN AND STRUCTURE FINANCING FOR TWO PARKING GARAGES FOR THE NYACK COMMUNITY HOSPITAL IN NYACK, NEW YORK AND DAMAS HOSPITAL IN THE MUNICIPALITY OF PONCE, PUERTO RICO. BOTH TRANSACTIONS ARE SCHEDULED TO CLOSE IN 2022. 9739175 4759085 3752109 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 94 PROJECTS THROUGH A $754 MILLION NMTC ALLOCATION, WHICH LEVERAGED PROJECT FINANCING TOTALING OVER $2.1 BILLION OF NEW INVESTMENT, CREATED OVER 16,000 PERMANENT JOBS FOR DISADVANTAGED INDIVIDUALS, AND BROUGHT BADLY NEEDED GOODS AND SERVICES TO LOW-INCOME COMMUNITIES ACROSS AMERICA. ADDITIONALLY, THE 94 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 ONE PROJECT IN 2021. SUPERPUFFT SNACKS AND LOGISTICS PERRY, FLORIDASUPERPUFFT IS A MINORITY OWNED WHITE LABEL MANUFACTURING COMPANY LOCATED IN PERRY, FLORIDA. THE COMPANY CURRENTLY MANUFACTURES WHITE LABEL SNACKS AND SUPPLIES THEM TO FRITOLAY, WALMART, HEB GROCERY, KROGER AND OTHERS WHO IN TURN SELL THEM UNDER THEIR OWN LABEL. THE COMPANY IS INVESTING $24.3 MILLION TO BUILD A NEW MANUFACTURING FACILITY. HEDC NEW MARKETS IS SUPPLYING AN $8.1 MILLION ALLOCATION OF NEW MARKET TAX CREDITS WHICH WILL BE INVESTED IN THE NEW FACILITY. SUPERPUFFT HIRED 347 NEW PERMANENT EMPLOYEES TO WORK IN RURAL PERRY. SUPERPUFFT HAS OTHER MANUFACTURING PLANTS IN OTHER PARTS OF THE UNITED STATES. SIXTY-FOUR PERCENT OF THE WORKFORCE IS MINORITY AND FORTY-ONE PERCENT ARE WOMEN. 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, MINORITY 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, MINORITY OWNED BUSINESS MUST RELY MORE UPON OWNER'S EQUITY AND LESS ON BANK DEBT. YET, MINORITY BUSINESSES HAVE LESS EQUITY AND LOWER HOUSEHOLD WEALTH TO DRAW FROM. AS A RESULT, MINORITY 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 2021, CILF, HEDC'S CERTIFIED NATIONAL CDFI, PROVIDED OVER 388 LOANS, TOTALING $23.8 MILLION TO MINORITY AND WOMEN SMALL BUSINESSES LOCATED IN NEW YORK STATE, DELAWARE, FLORIDA, AND WASHINGTON. THE $23.8 MILLION LOANED TO MWBE'S REPRESENTS 84 PERCENT OF CILF'S TOTAL LOAN VOLUME IN 2021. 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. THE BUILDING WHEN FINISHED IN EARLY 2023, 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. 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. 869170 1505192 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) 95367462 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X ADAM ENNIS 2126821106 325 GOLD STREET SUITE 501 BROOKLYN NY 11201 ADAM ENNIS BOARD MEMBER/CFO 6.00 44.00 X X 0 247934 92330 BRENDAN MEHAFFY BOARD MEMBER 0.25 X 0 0 0 BYRON BROWN BOARD MEMBER 0.25 X 0 0 0 CHARLEY DEPEW BOARD MEMBER 3.00 47.00 X 0 234729 50465 DANIEL MARSH III PRES/BOARD MEMBER 4.40 50.60 X X 0 453319 164603 DAVID J TREVISANI BD MEMBER/VICE PRESIDENT 14.00 36.00 X X 0 225284 88049 GERTRUDE SCRIVEN BOARD MEMBER 0.50 49.00 X 0 223696 109618 JENNIFER PHILLIPS OUTGOING BOARD MEMBER 0.25 X 0 0 0 JESSICA EZRA OUTGOING BOARD MEMBER 0.25 X 0 0 0 JOANNA CHEN OUTGOING BOARD MEMBER 0.25 X 0 0 0 JOHN MURRAY BOARD MEMBER 0.25 X 0 0 0 JOHN PALYO BOARD MEMBER 5.00 45.00 X 0 238194 89858 JOSEPH WECHSLER BOARD MEMBER 0.25 X 0 0 0 KEITH SWENSON BOARD MEMBER 0.25 X 0 0 0 KEVIN GREMSE BOARD MEMBER 1.00 2.00 X 0 254703 80439 KISTY MORRIS BOARD MEMBER 0.25 X 0 0 0 KYLE DONAHUE BOARD MEMBER 0.25 X 0 0 0 LARRY WEST BOARD MEMBER 0.25 X 0 0 0 MICHAEL GRIFFIN BOARD MEMBER 1.00 49.00 X 0 336699 110135 RAQUEL FAVELA BOARD MEMBER 1.00 49.00 X 0 247010 68990 ROSEANN NOVEMBRINO OUTGOING BOARD MEMBER 0.25 X 0 0 0 SHATORAH DONOVAN BOARD MEMBER 0.25 X 0 0 0 STEPHANIE DUGAN BOARD MEMBER 1.00 49.50 X 0 226061 80104 STEVEN THAYER BOARD MEMBER 0.25 X 0 0 0 SVANTE MYRICK BOARD MEMBER 0.25 X 0 0 0 THOMAS GIBNEY BOARD MEMBER 0.25 X 0 0 0 WHITNEY TRUMBLY BOARD MEMBER 0.25 X 0 0 0 WILLIAM GAUGHAN OUTGOING BOARD MEMBER 0.25 X 0 0 0 JENNIE VERTREES SECRETARY 15.00 35.00 X 0 103712 85149 0 2791341 1019740 0 0 1 0 HINES INTERESTS LIMITED PARTNERSHIP 2800 POST OAK BLVD HOUSTON TX 77056 PROPERTY MANAGEMENT 1462954 SEATTLE MAINTENANCE SERVICES PO BOX 95384 SEATTLE WA 98145 JANITORIAL 1260153 BGIS GLOBAL INTEGRATED SOLUTIONS US LLC 210 S HUDSON ST STE 380 SEATTLE WA 98134 PROPERTY MANAGEMENT 1161990 POMARICO DESIGN STUDIO ARCHITECTURE PLLC 19 FRONT STREE NEWBURGH NY 12550 ARCHITECTURE 632016 STAR PROTECTION AGENCY LLC 875 124TH AVENUE NE STE 101 BELLEVUE WA 98005 SECURITY 446453 16 213960 42358990 85000 42657950 RENTAL INCOME 900099 60528544 60528544 INTEREST REVENUE 900099 13179796 13179796 DEVELOPER FEE INCOME 900099 1881469 1881469 FINANCIAL ASSISTANCE 900099 1050000 1050000 76639809 425159 425159 432217 -432217 -432217 -432217 PARKING INCOME 900099 2479799 2479799 TREASURY REBATES 900099 2110986 2110986 MANAGEMENT FEE INCOME 900099 423550 423550 5524346 3472855 2051491 10538681 129829382 83016013 0 4155419 323800 323800 4435285 4435285 7776139 3040596 4735543 3532212 3532212 16318355 16318355 39552 39552 33047439 33047439 23527161 23527161 826379 826379 OPERATING & MAINTENANCE 8083268 8083268 OTHER EXPENSES 3351150 190286 3160864 PROVISION FOR LOAN LOSS 2003129 2003129 ADMINISTRATIVE EXPENSES 856489 856489 104120358 95367462 8752896 0 109529691 19416453 29038068 21159911 125000 927819 3592681 1691122 37201774 40611294 2562097 2451005 628955835 230653091 419024614 398302744 397488298 365016523 5014855 4121445 9178268 60746136 1012755346 914444452 116972946 18191096 300000 123800 8116497 11004745 667097166 641454835 113076135 106495000 1601603 1366396 32077694 36169445 939242041 814805317 X 73513305 99639135 73513305 99639135 1012755346 914444452 25709024 420319 -3513 0 X 0 0 0 X 558772 2004086 2132754 104174208 42657950 151527770 76922743 107428707 76832699 78928459 76639809 416752417 77481515 109432793 78965453 183102667 119297759 568280187 554672 708069 760500 1204808 90160 3318209 0 554672 708069 760500 1204808 90160 3318209 564961978 2444583 163469 31529 3176706 425159 6241446 2444583 163469 31529 3176706 425159 6241446 10162747 6796642 11834265 8406336 10538681 47738671 90088845 116392904 90831247 194685709 130261599 622260304 0.90790 0.91730 0.01000 0.01030 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: PARKING FEE - 2017 AMOUNT: $ 4,920,991. 2018 AMOUNT: $ 3,353,463. 2019 AMOUNT: $ 4,063,843. 2020 AMOUNT: $ 2,645,535. 2021 AMOUNT: $ 2,479,799. TREASURY REBATES - 2017 AMOUNT: $ 2,616,077. 2018 AMOUNT: $ 2,540,046. 2019 AMOUNT: $ 2,459,613. 2020 AMOUNT: $ 2,506,809. 2021 AMOUNT: $ 2,110,986. MISC FEE INCOME - 2017 AMOUNT: $ 2,542,354. 2018 AMOUNT: $ 847,583. 2019 AMOUNT: $ 5,205,259. 2020 AMOUNT: $ 3,158,442. 2021 AMOUNT: $ 5,524,346. MANAGEMENT FEE INCOME - 2017 AMOUNT: $ 83,325. 2018 AMOUNT: $ 55,550. 2019 AMOUNT: $ 105,550. 2020 AMOUNT: $ 95,550. 2021 AMOUNT: $ 423,550. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11755000 11755000 582596185 218624148 363972037 9356199 3510993 5845206 22698888 8517950 14180938 2549563 2549563 398302744 SOCIAL INFRASTRUCTURE DEV. TO LESSEN THE BURDEN OF GOVT 310973862 F CDI INVESTMENT, ECONOMIC DEVELOPMENT 53571818 F LOW INCOME HOUSING PROJECTS 470843 F 365016523 DUE FROM AFFILIATES 4472113 ADVANCES FROM AFFILIATES 55409 INTEREST RECEIVABLE 241925 ASSETS LIMITED TO USE 51135420 DEVELOPER FEE RECEIVABLE 861247 DEFERRED FINANCING COSTS 3890257 FEE RECEIVABLES 30099 INTERCOMPANY RECEIVEABLES 59666 60746136 BOND PREMIUM 11384455 DUE TO THIRD PARTIES 9520972 DEFERRED LEASE LIABILITIES 4962981 ADVANCES PAYABLE 1602994 DEFERRED RENT 2244988 INVESTMENT LIABILITIES IN PROJECTS 1847825 RESERVE DEPOSITS 1919513 CONSTRUCTION FUNDS PAYABLE 660066 DEVELOPER FEES PAYABLE 1766896 SECURITY DEPOSITS 50050 OTHER LIABLILITIES 208705 36169445 1 NDC HOUSING AND ECONOMIC DEVELOPMENT CORP 325 GOLD STREET SUITE 501 BROOKLYN NY 11201 112933129 501(C)(3) 200000 0 OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T) NDC COMMUNITY IMPACT LOAN FUND 325 GOLD STREET SUITE 501 BROOKLYN NY 11201 133678913 501(C)(3) 123800 0 OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T) 2 COVID-19 RELIEF 363 4435285 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY REQUIRING THE GRANTEE TO PROVIDE PERIODIC REPORTS THAT DESCRIBE THE USE OF GRANT FUNDS. IN 2021, WASHINGTON STATE DEPARTMENT OF COMMERCE AWARDED GRANT FUNDING TO CDP WASHINGTON, INC. (INCLUDED IN GROUP FILING) TO PROVIDE COVID-19 RELIEF TO INDIVIDUALS AFFECTED BY THE PANDEMIC. GRANTING AWARDS TO ELIGIBLE INDIVIDUALS WHO HAVE BEEN IMPACTED NEGATIVELY BY COVID-19 RELATED COSTS AND WHO ARE VITAL MEMBERS OF THE COMMUNITY; TO ASSIST WITH CRITICAL AND ESSENTIAL BUISNESS OPERATION NEEDS, TO PREVENT THE CLOSURE OF THE BUSINESSES. 0 1 0 0 0 0 0 0 0 DANIEL MARSH III PRES/BOARD MEMBER 0 398375 0 50000 0 4944 0 143796 0 20807 0 617922 0 0 MICHAEL GRIFFIN BOARD MEMBER 0 234583 0 100000 0 2116 0 58549 0 51586 0 446834 0 0 ADAM ENNIS BOARD MEMBER/CFO 0 197550 0 50000 0 384 0 39980 0 52350 0 340264 0 0 KEVIN GREMSE BOARD MEMBER 0 228000 0 25000 0 1703 0 27240 0 53199 0 335142 0 0 GERTRUDE SCRIVEN BOARD MEMBER 0 195359 0 25000 0 3337 0 87722 0 21896 0 333314 0 0 JOHN PALYO BOARD MEMBER 0 212118 0 25000 0 1076 0 44379 0 45479 0 328052 0 0 RAQUEL FAVELA BOARD MEMBER 0 196416 0 50000 0 594 0 48008 0 20982 0 316000 0 0 DAVID J TREVISANI BD MEMBER/VICE PRESIDENT 0 197750 0 25000 0 2534 0 35899 0 52150 0 313333 0 0 STEPHANIE DUGAN BOARD MEMBER 0 198447 0 25000 0 2614 0 42933 0 37171 0 306165 0 0 CHARLEY DEPEW BOARD MEMBER 0 189700 0 40000 0 5029 0 13714 0 36751 0 285194 0 0 JENNIE VERTREES SECRETARY 0 94000 0 9000 0 712 0 36689 0 48460 0 188861 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL 457(F) EXECUTIVE RETIREMENT PLAN, NO CONTRIBUTIONS WERE MADE DURING THE YEAR. - DANIEL MARSH III - GERTRUDE SCRIVEN A WASHINGTON ECONOMIC DEV FIN AUTH 911493002 93975WCB9 2014-07-24 109205000 REFUNDING 0 0 0 B CITY OF NEWBURGH IND DEV AGENCY 141742033 650861AB3 2005-11-17 21230000 CONSTRUCTION 0 0 0 C TOMPKINS COUNTY IDA 161214039 890099CN2 2003-12-01 19035000 CONSTRUCTION 0 0 0 D WBRP 32 273468946 937308AY0 2015-10-07 107615000 CONSTRUCTION 0 1 0 A 39055000 109205000 108233233 971767 1 0 0 1 B 12985665 21230000 372076 112175 19714522 1031227 2007 0 0 1 1 C 9650000 19035000 2086771 1285687 15662542 2005 0 0 0 1 D 10430000 107615000 12078360 1613002 104849679 0 0 0 1 A 0 0 0 1 1 0.00790 0.00790 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 1 1 0.01360 0.01360 0 0 1 A 0 0 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 1 0 0 0 0 0 0 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED 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 A NJB PROPERTIES 205535917 65486MAAS 2006-12-05 179285000 CONSTRUCTION 1 1 0 B TOP 260073671 89054QAP5 2014-06-26 43435000 CONSTRUCTION 0 1 0 C WASHINGTON ECONOMIC DEV FIN AUTH 911493002 93975WEH4 2013-12-11 28995000 REFUNDING 0 0 0 D SCRANTON-LACKAWANA HLTH & WELF AUTH (CDP SCRANTON) 232205980 810694K99 2016-08-30 36126671 ACQUIRE LEASEHOLD INTEREST 0 0 0 A 4475000 155420000 179285000 2136771 177148229 2009 0 0 0 1 B 15495000 43435000 48867177 239100 30362 1 0 1 1 C 11190000 28995000 405166 28589834 1 0 1 1 D 531835 36126671 3145683 32980988 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 1 0 1 1 0.01360 0.01360 0 0 1 D 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 0 0 1 0 0 0 0 0 A 1 B 1 C 1 D 1 A CDP LOS ANGELES COUNTY 273473882 20368RAR5 2011-05-26 43710000 CONSTRUCTION 0 1 0 B COMMUNITY PROPERTIES ALASKA INC 455454746 20401WAT9 2012-12-19 25070000 CONSTRUCTION 0 1 0 C COB PROPERTIES 453455657 19075HAV4 2014-07-11 49625000 CONSTRUCTION 0 1 0 D FYI PROPERTIES 262473717 302716AW5 2019-03-05 227875000 REFUNDING 0 1 0 A 12595000 43710000 1271507 42438493 2012 0 0 0 1 B 3605000 25070000 544205 24525795 2014 0 0 0 1 C 7440000 49625000 1020679 48604321 2015 0 0 0 1 D 16500000 227875000 341665 227533335 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 0 1 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A WASH ST HOUSING FINANCING COMM 911874730 2020-12-30 14410000 REFUNDING 0 0 0 A 14410000 314934 14095066 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 0 A 1 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 4A CONTINUATION: IN 2021, THROUGH OUR LOW-INCOME HOUSING DEVELOPMENT AND INVESTMENT ACTIVITIES, HEDC THROUGH ITS SUBORDINATE CORPORATION, NDC CORPORATE EQUITY FUND, INVESTED $101.45 MILLION IN 12 PROJECTS CONTAINING 1,410 UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE HOUSING FOR LOW-INCOME PERSONS AND FAMILIES, THE ELDERLY, AND PEOPLE WITH SPECIAL NEEDS. INVESTMENT AND DEVELOPMENT ACTIVITIES TOTALED MORE THAN $480 MILLION. THE FOLLOWING ARE REPRESENTATIVE SAMPLES OF HEDC AFFORDABLE HOUSING PROJECTS COMPLETED IN 2021: MAYWOOD SENIOR LIVING FACILITY - MAYWOOD, IL MAYWOOD SENIOR SUPPORTIVE HOUSING PROJECT IS A 100-UNIT HISTORIC RENOVATION OF THE FORMER BAPTIST HOME LOCATED IN MAYWOOD, COOK COUNTY, IL. AFRICAN AMERICAN RESIDENTS COMPRISE 61-PERCENT OF THE POPULATION. THE LONG VACANT STRUCTURE WAS RENOVATED IN 2021 WITH SUPPORT FROM THE STATE OF ILLINOIS AND EQUITY PROVIDED THROUGH NDC CORPORATE EQUITY FUND. THE TOTAL INVESTMENT EXCEEDED $50 MILLION AND CEF CONTRIBUTED APPROXIMATELY $20 MILLION IN EQUITY THROUGH THE PURCHASE OF FEDERAL INVESTMENT TAX CREDITS. THE 83 STUDIO/1 BATH UNITS ARE RENTED TO SENIORS WITH INCOMES BELOW 60% AMI. THE 17 1-BEDROON/1 BATH UNITS WILL BE RENTED AT THE SAME INCOME LEVELS. IN ADDITION TO PROVIDING MUCH NEEDED HOUSING WITH SERVICES FOR SENIORS, THE PROJECT IS THE CORNERSTONE OF THE COMMUNITY'S NEIGHBORHOOD REVITALIZATION PLAN. PRIOR TO ACQUISITION BY THE DEVELOPER, THIS BUILDING STOOD VACANT FOR OVER 20-YEARS. 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. 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