2020-07-06T11:19:14-05:00 2019-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2018-07-01 133808669 UPPER MANHATTAN EMPOWERMENT ZONE DEVELOPMENT CORPORATION UPPE 2124100030 55 WEST 125TH STREET 11TH FLOOR NEW YORK NY 10027 CPA PRESIDENT & CEO 2124100030 2020-07-01 1 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2020-07-01 100.1.21.12 2020-07-01 12:28:42 ED 2629822020183033be02 2020-07-01 P 247373B3584596D327718BBD51A63269730041C6 E99CEA45C307B5E011B655275064C3D25F8033D4 2018 2020-09-23 17:36:50Z BLAIR M DUNCAN 55 WEST 125TH STREET 11TH FLOOR NEW YORK NY 10027 12666359 0 X WWW.UMEZ.ORG X 1995 NY TO SUSTAIN THE ECONOMIC REVITALIZATION OF ALL COMMUNITIES IN UPPER MANHATTAN. 14 14 20 14 0 0 8728178 10499826 852339 1316661 347092 734198 137821 115674 10065430 12666359 2114769 1686653 0 0 2403753 2101025 0 0 0 1041548 1053128 5560070 4840806 4505360 7825553 86848783 84770725 24322605 14418994 62526178 70351731 TO SUSTAIN THE ECONOMIC REVITALIZATION OF ALL COMMUNITIES IN UPPER MANHATTAN THROUGH JOB CREATION, CORPORATE ALLIANCES, STRATEGIC INVESTMENTS, AND SMALL BUSINESS ASSISTANCE. 0 0 4331982 1686653 1432335 TO SUSTAIN THE ECONOMIC REVITALIZATION OF ALL COMMUNITIES IN UPPER MANHATTAN THROUGH JOB CREATION, CORPORATE ALLIANCES, STRATEGIC INVESTMENTS, AND SMALL BUSINESS ASSISTANCE. 4331982 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 14 0 1 20 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 NY X GAFFAR MOHAMED 2124100030 55 WEST 125TH STREET 11TH FLOOR NEW YORK NY 10027 AMIR KIRKWOOD DIRECTOR 5.00 0.00 X 0 0 0 ANTHONY Q FLETCHER SECRETARY 5.00 0.00 X X 0 0 0 CARMEN VASQUEZ TREASURER 5.00 0.00 X X 0 0 0 DIANE COLLIER DIRECTOR (OUTGOING) 5.00 0.00 X 0 0 0 HARRIET MICHEL DIRECTOR 5.00 5.00 X 0 0 0 JOSEPH J JOHNSON III CHAIRPERSON 5.00 0.00 X X 0 0 0 KEITH TAYLOR DIRECTOR (OUTGOING) 5.00 0.00 X 0 0 0 KEVIN CHAVERS DIRECTOR 5.00 0.00 X 0 0 0 LISA DOWNING DIRECTOR 5.00 5.00 X 0 0 0 MAURICE COLEMAN VICE CHAIR (OUTGOING) 5.00 0.00 X X 0 0 0 MAURINE KNIGHTON VICE CHAIR 5.00 0.00 X X 0 0 0 MAXINE GRIFFITH DIRECTOR 5.00 0.00 X 0 0 0 MICHAEL SMART DIRECTOR 5.00 0.00 X 0 0 0 NIKISHA ALCINDOR DIRECTOR 5.00 0.00 X 0 0 0 NILSA ORAMA DIRECTOR 5.00 0.00 X 0 0 0 REKHA NAMBIAR DIRECTOR 5.00 0.00 X 0 0 0 SHAHABUDDEEN ALLY DIRECTOR (OUTGOING) 5.00 0.00 X 0 0 0 TERESA EYRING DIRECTOR 5.00 0.00 X 0 0 0 BLAIR M DUNCAN CEO 37.50 5.00 X 239344 0 118049 BLAIR SMITH CIO 37.50 5.00 X 0 0 0 GAFFAR MOHAMED CFO 37.50 5.00 X 150869 0 12654 ELIZABETH HARRIS GENERAL COUNSEL 37.50 0.00 X 169736 0 9489 VERDERY ROOSEVELT SVP, CULTURAL AFFAIRS 37.50 0.00 X 161127 0 13616 YAHSHAANYAH HILL DIRECTOR OF WORKFORCE DEV 37.50 0.00 X 110488 0 6329 KENNETH KNUCKLES CEO (OUTGOING) 37.50 5.00 X 1247834 0 39077 2079398 0 199214 6 1 1 0 0 10499826 10499826 INTEREST ON LOANS 925120 1214707 1214707 CLOSING FEES 523930 95000 95000 RECOVERY OF LOAN LOSSES 561440 6954 6954 1316661 734198 734198 FORGIVABLE LOAN RECOGNIZED 561440 90630 90630 HCDC ADMIN REVENUE 561110 25000 25000 MISC INCOME 900099 44 44 115674 12666359 1432335 0 734198 1686653 1686653 607570 516434 91136 1089029 925674 163355 52739 44828 7911 220357 187304 33053 131330 111630 19700 42109 35793 6316 42000 42000 217291 184697 32594 25082 21319 3763 74373 63216 11157 89806 76335 13471 314057 266949 47108 3158 2684 474 16466 13996 2470 45685 38832 6853 27850 23673 4177 EQUIPMENT PURCHASES AND 36914 31377 5537 DUES AND SUBSCRIPTIONS 36075 30664 5411 EVENTS 29787 25319 4468 EQUIPMENT RENTAL 21202 18022 3180 31273 26583 4690 4840806 4331982 508824 0 1500 1500 53221457 62980347 3462519 2916974 0 3154 27271179 18562088 16349 45654 534830 431599 147926 103231 2727853 157777 86848783 84770725 204515 214923 22911738 14049075 1206352 154996 24322605 14418994 X 62526178 70351731 62526178 70351731 86848783 84770725 7825553 0 X X 0 1 X 1 1 1 X 4756868 1608059 2882652 8728178 10499826 28475583 4756868 1608059 2882652 8728178 10499826 28475583 28475583 71238 121233 176082 347092 734198 1449843 10495 102149 17910 137821 115674 384049 30309475 5946772 0.93950 0.94850 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC INCOME - 2014 AMOUNT: $ 1,495. 2015 AMOUNT: $ 2,149. 2016 AMOUNT: $ 17,910. 2018 AMOUNT: $ 44. SERVICE FEES - 2014 AMOUNT: $ 9,000. 2015 AMOUNT: $ 100,000. 2017 AMOUNT: $ 137,821. HCDC ADMIN REVENUE - 2018 AMOUNT: $ 25,000. FORGIVABLE LOAN RECOGNIZED - 2018 AMOUNT: $ 90,630. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 403430 311663 91767 67100 56111 10989 64300 63825 475 103231 DUE TO AFFILIATE 1063 DEFFERED RENT 83042 DEFFERED COMPENSATION 70891 154996 X 12810162 143803 143803 12666359 0 12666359 4713156 -127650 -127650 4840806 0 4840806 PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019 AND 2018 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION TOPIC 740 "INCOME TAXES", WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY'S REVENUE 433,285. CONSOLIDATING ELIMINATIONS -289,482. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY'S EXPENSES 161,832. CONSOLIDATING ELIMINATIONS -289,482. 1 BUSINESS RESOURCE & INVESTMENT SERVICE CENTER 55 WEST 125TH STREET 11TH FL NEW YORK NY 10027 123925609 501(C)(3) 289482 DEVELOPMENT CLASSICAL THEATER OF HARLEM 566 WEST 159TH STREET SUITE 44 NEW YORK NY 10032 134046782 501(C)(3) 177000 DEVELOPMENT EAST HARLEM EMPLOYMENT SERVICES - STRIVE 240 EAST 123RD STREET 3RD FLOOR NEW YORK NY 10035 133255679 501(C)(3) 5500 DEVELOPMENT GRAMEEN AMERICA INC 1460 BROADWAY 14TH FLOOR NEW YORK NY 10036 208497991 501(C)(3) 50000 DEVELOPMENT HARLEM BUSINESS ALLIANCE 275 MALCOLM X BLVD 2ND FLOOR NEW YORK NY 10027 133591350 501(C)(3) 7500 DEVELOPMENT HISPANIC FEDERATION 55 EXCHANGE PLACE 5TH FLOOR NEW YORK NY 10005 133573852 501(C)(3) 27500 DEVELOPMENT LOWER MANHATTAN CULTURAL COUNCIL INC 125 MAIDEN LANE 2ND FLOOR NEW YORK NY 10038 237348782 501(C)(3) 479325 DEVELOPMENT MORRIS-JUMEL MANSION 65 JUMEL TERRACE NEW YORK NY 10032 132800646 501(C)(3) 22500 DEVELOPMENT THE STUDIO MUSEUM IN HARLEM 143 WEST 125TH STREET NEW YORK NY 10027 132590805 501(C)(3) 260000 DEVELOPMENT VISUAL ARTS RESEARCH & RESOURCE CENTER - CCCADI 1825 PARK AVENUE SUITE 602 NEW YORK NY 10027 133054001 501(C)(3) 60925 DEVELOPMENT SUGAR HILL CHILDREN'S MUSEUM OF ART AND STORYTELLING 583 RIVERSIDE DRIVE 7TH FLOOR NEW YORK NY 10027 465412811 501(C)(3) 200000 DEVELOPMENT 11 FORM 990, SCHEDULE I, PART II; UMEZ STAFF CONDUCTS COMPLIANCE SITE VISITS TO ENSURE THAT GRANT FUNDS ARE SPENT FOR THE PURPOSE FOR WHICH THEY WERE GIVEN. IT IS ALSO A REQUIREMENT THAT GRANTEES SUBMIT REPORTS ON THEIR ACTIVITIES. THESE REPORTS ARE COLLECTED AND REVIEWED BY UMEZ STAFF TO ENSURE COMPLIANCE WITH GRANT DOCUMENTS. X X X 0 1 0 0 0 0 0 0 0 BLAIR M DUNCAN CEO 238570 0 0 0 774 0 82200 0 35849 0 357393 0 0 0 GAFFAR MOHAMED CFO 148495 0 0 0 2374 0 6843 0 5811 0 163523 0 0 0 ELIZABETH HARRIS GENERAL COUNSEL 169550 0 0 0 186 0 7794 0 1695 0 179225 0 0 0 VERDERY ROOSEVELT SVP, CULTURAL AFFAIRS 158753 0 0 0 2374 0 7981 0 5635 0 174743 0 0 0 KENNETH KNUCKLES CEO (OUTGOING) 158362 0 0 0 1089472 0 36412 0 2665 0 1286911 0 1086477 0 PART I, LINE 4B THE CURRENT CEO (BLAIR DUNCAN) PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN MEETING THE REQUIREMENTS OF SECTION 457(F) OF THE INTERNAL REVENUE SERVICE, AND THE CONTRIBUTION UNDER THE PLAN WAS $70,000. THE OUTGOING CEO (KENNETH KNUCKLES) RECEIVED A PERMITTED DISTRIBUTION OF $1,086,477 UNDER A NONQUALIFIED DEFERRED COMPENSATION PLAN MEETING THE REQUIREMENTS OF SECTION 457(F) OF THE INTERNAL REVENUE SERVICE. SCHEDULE J, PART II, LINE 3, COLUMN B(III); ON ABOUT NOVEMBER 10, 2003, THE BOARD OF DIRECTORS ADOPTED A NONQUALIFIED DEFERRED COMPENSATION PLAN MEETING THE REQUIREMENTS OF SECTION 457(F) OF THE INTERNAL REVENUE CODE (THE "PLAN"). THE BOARD OF DIRECTORS AUTHORIZED KENNETH J. KNUCKLES'S PARTICIPATION IN THE PLAN EFFECTIVE AS OF JANUARY 6, 2003. CONTRIBUTIONS TO THE PLAN, AND ACCRUALS OF EARNINGS IN RESPECT THEREOF, WERE MADE ACCORDINGLY FROM THAT POINT FORWARD IN ACCORDANCE WITH THE TERMS OF THE PLAN. MR. KNUCKLES PROVIDED SERVICES TO THE CORPORATION CONTINUOUSLY FROM JANUARY 6, 2003 TO JUNE 30, 2018. ON JUNE 30, 2018, THERE WAS AN EVENT THAT PERMITTED A DISTRIBUTION TO MR. KNUCKLES IN ACCORDANCE WITH THE TERMS OF THE PLAN. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THE RETURN IS REVIEWED BY THE AUDIT COMITTEE AND DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF AND BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL DISCLOSURE FORM. THE FORMS ARE REVIEWED AND CONFLICTS, IF ANY, ARE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS WHICH IS COMPRISED OF INDEPENDENT DIRECTORS REVIEWS COMPARABLE DATA PREPARED BY AN INDEPENDENT CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND THROUGH THE OFFICE OF THE NEW YORK STATE ATTORNEY GENERAL. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. BUSINESS RESOURCE AND INVESTMENT SERVICE CENTER INC 55 WEST 125TH STREET 11TH FLOOR NEW YORK NY 10027 133925609 PROVIDES FINANCIAL ASSISTANCE TO ELIGIBLE BUSINESSES NY 501(C)(3) LINE 7 UPPER MANHATTON EMPOWERMENT ZONE DEV CORP 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 BUSINESS RESOURCE & INVESTMENT SERVICE CENTER INC B 289482 FMV BUSINESS RESOURCE & INVESTMENT SERVICE CENTER INC D 2250000 FMV BUSINESS RESOURCE & INVESTMENT SERVICE CENTER INC Q 70185 FMV