2019-11-11T10:26:28-06:00 2018-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2018-01-01 911884698 NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN NDCH 2126821106 ONE BATTERY PARK PLAZA NO 710 NEW YORK NY 10004 DANIEL MARSH III PRESIDENT 2126821106 2019-11-08 1 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2019-11-07 209.3.217.20 2019-11-08 14:27:59 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AC9C47BB66A4442C9C14FAA30E68BA916E7F30C8 2018 2020-01-14 16:20:31Z DANIEL MARSH III ONE BATTERY PARK PLAZA NO 710 NEW YORK NY 10004 121598388 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. 19 7 0 6 0 0 558772 2004086 76922743 107428707 4107682 -335169 10162747 6796642 91751944 115894266 2185000 2100000 0 0 0 0 0 0 0 88937002 87022696 91122002 89122696 629942 26771570 1023650757 984900420 971860779 905400755 51789978 79499665 X NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE FOLLOWING CHARITABLE PURPOSES: TO CONSTRUCT NEW AND SUPPORT EXISTING SAFE AND ADEQUATE LOW-INCOME HOUSING FOR DISADVANTAGED PERSONS; THEREBY ASSISTING GENERALLY IN THE ALLEVIATION (CONT. ON SCHEDULE O) OF HOUSING SHORTAGES THROUGHOUT THE UNITED STATES; TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OF THE COUNTRY; AND TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS OR FACILITIES; TO LESSEN THE BURDENS OF GOVERNMENT; AND TO PROMOTE SOCIAL WELFARE. 0 0 83382997 107492929 LESSENING THE BURDENS OF GOVERNMENT: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. IN TOTAL, HEDC HAS DEVELOPED AND FINANCED MORE THAN THIRTY-ONE PROPERTIES COSTING MORE THAN $2.1 BILLION ON BEHALF OF LOCAL GOVERNMENTS INCLUDING PUBLIC BUILDINGS AND CITY HALLS, EDUCATIONAL AND MEDICAL RESEARCH FACILITIES, STUDENT HOUSING, PARKING FACILITIES AND OTHER PUBLIC INFRASTRUCTURE. DURING 2018, HEDC UNDERTOOK THE FOLLOWING PROJECTS UNDER THE MISSION OF LESSENING THE BURDENS OF GOVERNMENT. (CONT. ON SCHEDULE O) WASHINGTON BIOMEDICAL RESEARCH PROPERTIES SEATTLE, WA IN 2004 UNIVERSITY OF WASHINGTON SCHOOL OF MEDICINE BEGAN RENOVATING THEIR EXISTING BROTMAN BUILDING INTO A STATE-OF-THE-ART BIOMEDICAL RESEARCH FACILITY. THE UNIVERSITY WAS CHALLENGED TO DELIVER THE PROJECT IN A TIMELY AND EFFICIENT MANNER AND ASKED HEDC TO ASSIST BY UNDERTAKING THE MULTI-PHASE PROJECT ON THEIR BEHALF. THE THIRD PHASE IN UW MEDICINE'S SOUTH LAKE UNION CAMPUS CONSISTS OF THREE PHASES. PHASE 3.1 BROKE GROUND IN SUMMER 2011 AND WAS COMPLETED IN 2013. IT INCLUDED THE CONSTRUCTION OF A 138,000 SQUARE-FOOT RESEARCH LABORATORY BUILDING DIRECTLY ACROSS THE STREET FROM THE FIRST AND SECOND PHASES OF THE SOUTH LAKE UNION CAMPUS. THE NEXT PHASE OF THE PROJECT IS WASHINGTON BIOMEDICAL RESEARCH PROPERTIES 3.2 (WBRP 3.2) IS AN EIGHT-STORY, APPROXIMATELY 157,000 SF BIOMEDICAL FACILITY THAT HAS BEEN CONSTRUCTED OVER THE FOUNDATION AND PARKING FROM WBRF 3. THE FINANCING FOR PHASE 3.2 CLOSED IN 2015 AND THE PROJECT COMPLETED IN EARLY 2018. THE PHASES I, II, AND III PROVIDE OVER 800,000 GSF OF RESEARCH AND OFFICE SPACE IN SUPPORT OF SCHOOL OF MEDICINE RESEARCH PROGRAMS.COMMUNITY DEVELOPMENT PROPERTIES SCRANTON- SCRANTON, PAIN 2016 HEDC WORKING WITH THE CITY OF SCRANTON SUCCESSFULLY NEGOTIATED A LONG-TERM CONCESSION/LEASE FOR THE CITY OF SCRANTON PARKING SYSTEM, WHICH INCLUDED: 1) FIVE PARKING GARAGES CONTAINING 2659 SPACES AND APPROXIMATELY 36,000 SF OF RETAIL; 2)1479 METERED PARKING SPACES; AND 3) 550 PUBLICALLY-LEASED PARKING SPACES. HEDC ASSUMED RESPONSIBILITY FOR THE LEASE, OPERATION, MAINTENANCE AND CAPITAL REPAIR OF THE ENTIRETY OF THE PUBLIC PARKING SYSTEM FOR FORTY YEARS THROUGH ONE OF ITS' SUBSIDIARY CORPORATIONS CDP SCRANTON (CDPS). THE CONSIDERATION AMOUNT GENERATED BY A CONCESSIONAIRE/LEASE AGREEMENT WAS USED BY THE CITY, IN COMBINATION WITH PROCEEDS FROM A GENERAL OBLIGATION ISSUANCE, REDEEM ALL OUTSTANDING DEBT ASSOCIATED WITH THE PARKING AUTHORITY. THIS ALLOWED THE CITY TO BE FREE OF THE ON-GOING LIABILITY AND HAS FREED UP MUNICIPAL REVENUES FOR OTHER CRITICAL NEEDS AND OBLIGATIONS. IN 2017 CDPS CONTINUED ITS WORK WITH THE CITY TO UPGRADE THE GARAGES WITH ENHANCED LIGHTING AND TO IDENTIFY A NEW ON STREET PARKING SYSTEM. THESE EFFORTS WILL PROVE TO FURTHER THE CITY'S PLAN TO CONTINUE THE REVITALIZATION OF DOWNTOWN SCRANTON. 3933003 2100000 4145431 STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED AREAS:TO INITIATE AND CARRY OUT ACTIVITIES TO STIMULATE ECONOMIC DEVELOPMENT IN THE 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 (CONT. ON SCHEDULE O) NEW BUSINESSES AMONG DISADVANTAGED GROUPS AND WHICH REHABILITATE AND REVIVE EXISTING BUSINESSES OPERATED BY DISADVANTAGED GROUPS.HEDC WORKS WITH NONPROFIT ORGANIZATIONS AND 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 AND WITH OTHER FINANCING, 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.UNDER THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM, HEDC HAS SPONSORED 91 PROJECTS TOTALING OVER $1.6 BILLION OF NEW INVESTMENT, CREATED OVER 8,600 PERMANENT JOBS FOR DISADVANTAGED INDIVIDUALS, AND BROUGHT BADLY NEEDED GOODS AND SERVICES TO LOW INCOME COMMUNITIES. IN 2018, HEDC RECEIVED A $50 MILLION ALLOCATION OF NEW MARKETS TAX CREDITS AND AIDED THE FOLLOWING PROJECTS: PRINCE AVENUE PROJECT - ATHENS, GA HOME URBAN, AN ACCOMPLISHED REGIONAL COMMERCIAL DEVELOPER IS CONSTRUCTING A TRANSFORMATIVE MIXED-USE PROJECT IN A LOW-INCOME (40% POVERTY RATE) NEIGHBORHOOD IN ATHENS, GEORGIA WHICH IS ALSO A "FOOD DESERT". THE PROJECT INCLUDES 34 RENTAL HOUSING UNITS, 10 OF WHICH WILL BE AFFORDABLE TO FAMILIES AT OR BELOW 80% OF AREA MEDIAN INCOME. THE RETAIL PORTION OF THE PROJECT WILL CONTAIN 24,323 SQUARE FEET OF LOCAL RETAIL SPACE THAT WILL BE RENTED BELOW MARKET. TEN THOUSAND OF THE 24,323 SQUARE FEET WILL BE OCCUPIED BY A PIGGLY WIGGLY EXPRESS MARKET WHICH IS MINORITY OWNED AND WILL PROVIDE THE RESIDENTS OF THE NEIGHBORHOOD WITH AFFORDABLE FRESH PRODUCE, MEAT, BAKED GOODS, DAIRY PRODUCTS AND OTHER STANDARD FOOD OFFERINGS. ADJACENT TO THE PROJECT IS THE HISTORIC ST. JOSEPH'S CHAPEL, WHICH WILL BE SAVED AND ADAPTED FOR A NEW USE. THE TOTAL PROJECT COST IS $21.2 MILLION AND HEDC HAS PROVIDED A $7.5 MILLION NMTC ALLOCATION. WHEN COMPLETED, THE COMMERCIAL TENANTS AND THE HOUSING COMPANY WILL CREATE 40 NEW FULL-TIME JOBS. GREAT WEST VIRGINIA BARREL COMPANY WHITE SULFUR SPRINGS, WV HEDC INVESTED IN A STATE-OF-THE-ART OAK BARREL COOPERAGE THAT WILL PRODUCE AGING BARRELS FOR THE ARTISANAL SPRITS INDUSTRY. THE FACILITY CHOSE TO LOCATE IN THIS SEVERELY DISTRESSED AREA BECAUSE OF A STAND OF APPALACHIAN WHITE OAK, A RESOURCE NATIVE TO WEST VIRGINIA THAT IS COVETED BY DISTILLERS. HEDC INVESTED $7 MILLION IN NEW MARKETS AUTHORITY WHICH MADE THE PROJECT FINANCIALLY FEASIBLE. THE POVERTY RATE IN GREENBRIER AND MONROE COUNTIES IS 22.6% AND UNEMPLOYMENT IS MORE THAN DOUBLE THE NATIONAL AVERAGE AT 7.5%. THE COOPERAGE WILL EMPLOY 52 FULL-TIME PERMANENT JOBS ONSITE AND 35 AT THE MILL. FLEX-N-GATE DETROIT, MI HEDC FINANCIALLY SUPPORTED THE LARGEST AUTO SUPPLIER INVESTMENT IN THE CITY OF DETROIT IN MORE THAT TWO DECADES. BY PROVIDING $8.1 MILLION OF NEW MARKETS TAX CREDITS, HEDC ASSISTED FLEX-N-GATE WITH THE CONSTRUCTION OF A NEW 494,000 SQUARE FOOT MANUFACTURING PLANT THAT WILL EMPLOY 800 NEW EMPLOYEES WHEN THE PLANT REACHES FULL PRODUCTION. THE COMPANY IS HIRING AND TRAINING NEIGHBORHOOD RESIDENTS TO FILL THESE LIVING-WAGE JOBS. THE POVERTY RATE IN THE CENSUS TRACT WHERE THE NEW GREEN MANUFACTURING BUILDING IS LOCATED IS 51.9% AND UNEMPLOYMENT EXCEEDS 3.4 TIMES THE NATIONAL AVERAGE. FLEX-N-GATE IS A MINORITY-OWNED BUSINESS THAT HAS OPERATIONS IN MICHIGAN, OHIO, ILLINOIS AND ONTARIO, CANADA. NDC MULTI-CULTURAL LENDING CLEVELAND, OH AND BROWARD COUNTY, FL THE CAPITAL ACCESS FUND (CAF), RENAMED NDC MULTI-CULTURAL LENDING, IS A STRATEGIC ALLIANCE OF NDC CILF, THE NATIONAL URBAN LEAGUE AND LOCAL URBAN LEAGUE CHAPTERS TO CREATE ACCESS TO CAPITAL FOR MINORITY COMMUNITIES WHO FACE BARRIERS TO ECONOMIC OPPORTUNITY AND PARTICIPATION IN THE AMERICAN ECONOMY. BUILT UPON A BASE OF FLEXIBLE PATIENT CAPITAL WITH AFFORDABLE INTEREST RATES AND SOUND TECHNICAL ASSISTANCE AND BUSINESS SUPPORT SERVICES, MCL NURTURES MINORITY BUSINESSES INTO SUCCESSFUL BUSINESSES. MANY STUDIES HAVE DOCUMENTED THAT MINORITY OWNED SMALL BUSINESSES EXPERIENCE HIGHER LOAN DENIAL RATES AND PAY HIGHER INTEREST RATES THAN WHITE-OWNED BUSINESSES EVEN AFTER CONTROLLING FOR DIFFERENCES IN CREDITWORTHINESS. BECAUSE OF THESE DENIAL RATES, MINORITY OWNED BUSINESS MUST RELY MORE UPON OWNER'S EQUITY AND LESS ON BANK DEBT. YET, THESE MINORITY BUSINESSES HAVE LESS EQUITY BECAUSE THEIR WEALTH BASE IS SMALLER. 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 2018, CILF HEDC'S CERTIFIED CDFI, PROVIDED 19 LOANS TOTALING $2,271,500 TO MINORITY SMALL BUSINESS ENTREPRENEURS AS PART OF THE CAPITAL ACCESS FUND OF GREATER CLEVELAND (CAFGC) AND CAPITAL ACCESS FUND OF FLORIDA (CAFFL). EXAMPLES OF THE LOANS MADE INCLUDE: - TAYLOR TOTS, A DAY CARE PROVIDER IN BROWARD COUNTY, FLORIDA- MOBITES, A GOURMET MOBILE FOOD TRUCK IN CLEVELAND, OHIO- SOUTHERN CUSTOM IRON ART, A METAL FABRICATOR IN BROWARD COUNTY, FLORIDA 107943 46943 LOW INCOME HOUSING:TO CONSTRUCT NEW LOW INCOME HOUSING AND TO DEVELOP, MANAGE, OPERATE, PROMOTE, FUND, AND SUPPORT EXISTING LOW 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. 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 11,222 UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE LOW (CONT. ON SCHEDULE O) INCOME HOUSING TOTALING $1.7 BILLION OF INVESTMENT IN LOW INCOME COMMUNITIES IN 30 STATES ACROSS THE NATION. IN 2018, THROUGH OUR LOW-INCOME HOUSING DEVELOPMENT AND INVESTMENT ACTIVITIES, HEDC INVESTED IN 10 PROJECTS CONTAINING 956 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 $66 MILLION. THE FOLLOWING ARE REPRESENTATIVE SAMPLES OF HEDC AFFORDABLE HOUSING PROJECTS COMPLETED IN 2018:PATRICIA K APARTMENTS SEATTLE, WANDC CORPORATE EQUITY FUND MADE AN EQUITY INVESTMENT OF $10,238,174 FOR THIS $15,222,000 SUPPORTIVE HOUSING PROJECT IN SEATTLE, WASHINGTON. THE PROJECT IS PROVIDING PERMANENT SUPPORTIVE HOUSING FOR 52 INDIVIDUALS WITH MENTAL ILLNESSES. IT IS BEING DEVELOPED ALONGSIDE JUDKINS JUNCTION, A 74-UNIT PROJECT FOR LOW-WAGE WORKERS AND FAMILIES, AT THE CORNER OF 23RD AVENUE AND S. JACKSON STREET IN SEATTLE. THE SUPPORTIVE SERVICES WILL BE PROVIDED BY COMMUNITY HOUSE MENTAL HEALTH AGENCY WHICH WAS FOUNDED IN THE EARLY 1960'S. CHNHS HELPS PEOPLE WITH SEVERE AND PERSISTENT MENTAL ILLNESS INCREASE THEIR SOCIAL, VOCATIONAL AND LIFE SKILLS WITH RECOVERY AS THE PROGRAM'S OVERALL GOAL.MCGREGOR SENIOR ASSISTED LIVING EAST CLEVELAND, OHHEDC MADE A $3,196,302 EQUITY INVESTMENT IN A 90 UNIT ASSISTED LIVING PROJECT DEVELOPED BY THE MCGREGOR FOUNDATION IN EAST CLEVELAND, OHIO. THIS $19,810,966 PROJECT UNDERTAKEN BY THE MCGREGOR FOUNDATION AS PART OF ITS SENIOR LIVING CAMPUS IS PROVIDING 50-UNITS OF AFFORDABLE ASSISTED LIVING FOR INDIVIDUALS WHOSE INCOME DOES NOT EXCEED 60% OF AREA MEDIAN INCOME FOR THE ELYRIA, OHIO SMSA. THE REMAINING 40-UNITS WILL BE AT MARKET RATE. RENTS FOR INCOME RESTRICTED STUDIOS IS $630 A MONTH AND THE ONE-BEDROOM UNITS WILL RENT FOR $690 A MONTH.PENDLETON PLACE APARTMENTS MEMPHIS, TNPENDLETON PLACE APARTMENTS IS AN EXISTING RENTAL PROPERTY THAT IS BEING REHABILITATED TO CREATE 120 UNITS OF AFFORDABLE RENTAL HOUSING. BUILT IN 1950, THE PROJECT IS A PROJECT-BASED SECTION 8 FAMILY PROPERTY CONSISTING OF 18 BUILDINGS AND 120 UNITS OF TWO AND THREE-BEDROOM APARTMENTS. PENDLETON PLACE IS IN SOUTH MEMPHIS IN PROXIMITY OF THE CENTRAL BUSINESS DISTRICT AND ALL ESSENTIAL SERVICES. THE FINANCING FOR THIS PROJECT INCLUDES AN INSURED HUD 221(D)(4) MORTGAGE. HEDC INVESTED $4,641,015 OF THE $15,900,00 REQUIRED TO COMPLETELY RENOVATE THE BUILDINGS. UPGRADES INCLUDE NEW ROOFS, WINDOWS, SIDING, HVAC SYSTEMS, PLUMBING AND ELECTRICAL UPGRADES, INTERIOR RENOVATIONS INCLUDE NEW KITCHENS AND BATHROOMS, FLOORING AND INTERIOR PAINT. IN ADDITION, THE DEVELOPER IS BUILDING A NEW COMMUNITY CENTER, PLAYGROUND AND PAVILION PICNIC AREA. 87423943 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 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 19 7 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X ADAM ENNIS 2126821106 ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 ADAM ENNIS BOARD MEMBER/CFO 14.50 35.50 X X 0 179853 49302 ANGELA BUTLER BOARD MEMBER 3.50 47.50 X 0 181342 62803 ANN VOGT SEC/TRES/BOARD MEMBER 6.60 48.90 X X 0 306308 37697 BRENDAN MEHAFFY BOARD MEMBER 0.25 X 0 0 0 BYRON BROWN BOARD MEMBER 0.25 X 0 0 0 CHARLEY DEPEW BOARD MEMBER 1.50 49.50 X 0 182469 53351 DANIEL MARSH III PRES/BOARD MEMBER 1.10 54.40 X X 0 329896 84060 DAVID J TREVISANI BOARD MEMBER 18.50 31.50 X 0 187071 50766 GERTRUDE SCRIVEN BOARD MEMBER 0.50 49.50 X 0 169060 27091 INGRID NARDONI BOARD MEMBER 2.50 47.75 X 0 168150 37125 JESSICA EZRA BOARD MEMBER 0.25 X 0 0 0 JOANNA CHEN BOARD MEMBER 0.25 X 0 0 0 JOHN PALYO BOARD MEMBER 7.00 43.00 X 0 224557 48897 JOSEPH WECHSLER OUTGOING BOARD MEMBER 0.25 X 0 0 0 KEVIN GREMSE BOARD MEMBER 1.00 49.00 X 0 194205 49190 MICHAEL GRIFFIN BOARD MEMBER 0.50 43.50 X 0 302448 59542 ROBERT W DAVENPORT OUTGOING BOARD MEMBER 10.00 15.00 X 0 0 0 ROSEANN NOVEMBRINO BOARD MEMBER 0.25 X 0 0 0 STEPHANIE DUGAN BOARD MEMBER 1.00 49.00 X 0 190986 42990 STEVEN THAYER BOARD MEMBER 0.25 X 0 0 0 SVANTE MYRICK BOARD MEMBER 0.25 X 0 0 0 THOMAS JACKSON OUTGOING BOARD MEMBER 1.00 49.00 X 0 178478 21561 WILLIAM L COURTRIGHT OUTGOING BOARD MEMBER 0.25 X 0 0 0 WAYNE EVANS BOARD MEMBER 0.25 X 0 0 0 0 2794823 624375 0 0 1 0 BGIS GLOBAL INTEGRATED SOLUTIONS US LLC 210 S HUDSON ST STE 380 SEATTLE WA 98134 PROPERTY MANAGEMENT 1802048 MCKINSTRY FMS LLC 5005 THIRD AVENUE SOUTH SEATTLE WA 98134 PROPERTY MANAGEMENT 1000565 CASCADIAN BUILDING MAINTENANCE 1331 118TH AVE SE SUITE 100 BELLEVUE WA 98005 BUILDING MANAGEMENT 693875 NEXTSTREET FINANCIAL LLC 184 DUDLEY ST ROXBURY MA 02119 PROGRAM MANAGEMENT 359514 ALLPRO PARKING LLC 65 3RD AVE MINEOLA NY 11501 PROPERTY MANAGEMENT 145875 9 708069 1296017 2004086 RENTAL INCOME 900099 77962783 77962783 INTEREST REVENUE 900099 19389470 19389470 EXPENSE RECOVERIES 900099 5876955 5876955 DEVELOPER FEE INCOME 900099 3149499 3149499 FINANCIAL ASSISTANCE 900099 1050000 1050000 107428707 163469 163469 5205484 2936113 2768009 2269371 -2768009 -498638 -498638 PARKING INCOME 900099 3353463 3353463 TREASURY REBATES 900099 2540046 2540046 MANAGEMENT FEE INCOME 900099 55550 55550 847583 847583 6796642 115894266 111685303 0 2204877 2100000 2100000 3670730 3670730 603398 603398 9569915 9569915 127253 127253 40781210 40781210 20011932 20011932 903766 903766 OPERATING & MAINTENANCE 8818806 8818806 ADMINISTRATIVE EXPENSES 1698753 1698753 PROVISION FOR LOAN LOSS 40415 40415 LEASE EXPENSES 20833 20833 775685 775685 89122696 87423943 1698753 0 5829235 8456186 91919284 43894516 377924 344800 10025981 13818817 2289412 2033706 609396575 160280290 421853002 449116285 450328360 430036860 5075892 4747254 35951667 32451996 1023650757 984900420 16183000 16558925 125000 100000 912162 1305925 740781992 721663773 156265000 125770000 1921181 1901293 55672444 38100839 971860779 905400755 X 51789978 79499665 51789978 79499665 1023650757 984900420 26771570 698573 239544 0 X 0 0 0 X 152767161 3882487 2329246 558772 2004086 161541752 81075202 90119447 92540247 76922743 107428707 448086346 233842363 94001934 94869493 77481515 109432793 609628098 0 0 0 609628098 2882511 272136 2444583 163469 5762699 2882511 272136 2444583 163469 5762699 1084019 5726504 10162747 6796642 23769912 233842363 97968464 100868133 90088845 116392904 639160709 0.95380 0.96400 0.00900 0.01010 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: PARKING FEE - 2015 AMOUNT: $ 1,072,419. 2016 AMOUNT: $ 2,031,423. 2017 AMOUNT: $ 4,920,991. 2018 AMOUNT: $ 3,353,463. OTHER INCOME - 2015 AMOUNT: $ 11,600. TREASURY REBATES - 2016 AMOUNT: $ 2,688,819. 2017 AMOUNT: $ 2,616,077. 2018 AMOUNT: $ 2,540,046. MISC FEE INCOME - 2016 AMOUNT: $ 76,956. 2017 AMOUNT: $ 2,542,354. 2018 AMOUNT: $ 847,583. EXPENSES REIMBURSEMENT BY TENANT - 2016 AMOUNT: $ 910,926. DEBT FORGIVENESS - 2016 AMOUNT: $ 18,380. MANAGEMENT FEE INCOME - 2017 AMOUNT: $ 83,325. 2018 AMOUNT: $ 55,550. 11755000 11755000 572914058 153648667 419265391 22611948 6064253 16547695 2115569 567370 1548199 449116285 SOCIAL INFRASTRUCTURE DEV. TO LESSEN THE BURDEN OF GOVT 374081689 F CDI INVESTMENT, ECONOMIC DEVELOPMENT 54915746 F LOW INCOME HOUSING PROJECTS 1039425 F 430036860 ADVANCES PAYABLE 3383017 BOND PREMIUM 15468528 CONSTRUCTION FUNDS PAYABLE 2294229 DUE TO THIRD PARTIES 6653614 PREPAID RENT 212415 SECURITY DEPOSITS 49795 INVESTMENT LIABILITIES IN PROJECTS 4774964 LOAN SERVICING LIABILITY 148041 LEASE LIABILITIES 5116236 38100839 1 NDC HOUSING AND ECONOMIC DEVELOPMENT CORP 24 WHITEHALL STREET SUITE 710 NEW YORK NY 10004 112933129 501(C)(3) 2100000 OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T) 1 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. 0 0 0 0 0 0 0 0 0 ADAM ENNIS BOARD MEMBER/CFO 0 179610 0 0 0 243 0 11400 0 37902 0 229155 0 0 ANGELA BUTLER BOARD MEMBER 0 180652 0 0 0 690 0 17776 0 45027 0 244145 0 0 ANN VOGT SEC/TRES/BOARD MEMBER 0 302744 0 0 0 3564 0 20155 0 17542 0 344005 0 0 CHARLEY DEPEW BOARD MEMBER 0 180410 0 0 0 2059 0 14249 0 39102 0 235820 0 0 DANIEL MARSH III PRES/BOARD MEMBER 0 323800 0 0 0 6096 0 55248 0 28812 0 413956 0 0 DAVID J TREVISANI BOARD MEMBER 0 184853 0 0 0 2218 0 12024 0 38742 0 237837 0 0 GERTRUDE SCRIVEN BOARD MEMBER 0 165479 0 0 0 3581 0 10368 0 16723 0 196151 0 0 INGRID NARDONI BOARD MEMBER 0 166400 0 0 0 1750 0 22240 0 14885 0 205275 0 0 JOHN PALYO BOARD MEMBER 0 223536 0 0 0 1021 0 15420 0 33477 0 273454 0 0 KEVIN GREMSE BOARD MEMBER 0 193377 0 0 0 828 0 11888 0 37302 0 243395 0 0 MICHAEL GRIFFIN BOARD MEMBER 0 301460 0 0 0 988 0 22240 0 37302 0 361990 0 0 STEPHANIE DUGAN BOARD MEMBER 0 189593 0 0 0 1393 0 15637 0 27353 0 233976 0 0 THOMAS JACKSON OUTGOING BOARD MEMBER 0 176260 0 0 0 2218 0 17073 0 4488 0 200039 0 0 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 WASH ST HOUSING FINANCE COMM 911874730 2015-09-29 15740000 REFUNDING 0 0 0 D TOMPKINS COUNTY IDA 161214039 890099CN2 2003-12-01 19035000 CONSTRUCTION 0 0 0 A 23145000 109205000 108233233 971767 1 1 0 1 B 8135000 21230000 372076 112175 19714522 1031227 2007 0 0 1 1 C 665000 15740000 1087318 14570263 82419 1 0 1 1 D 7270000 19035000 2086771 1285687 15662542 2005 0 0 0 1 A 0 0 0 1 1 0.03330 0.03330 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 1 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WASH. ST. HOUSING FINANCE COMM. DATE THE REBATE COMPUTATION WAS PERFORMED: 08/22/2016 ISSUER NAME: WBRP 3.2 DATE THE REBATE COMPUTATION WAS PERFORMED: 08/14/2018 ISSUER NAME: FYI PROPERTIES DATE THE REBATE COMPUTATION WAS PERFORMED: 01/15/2019 ISSUER NAME: CDP LOS ANGELES COUNTY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/17/2018 ISSUER NAME: COB PROPERTIES DATE THE REBATE COMPUTATION WAS PERFORMED: 02/14/2019 A WBRP 32 273468946 937308AY0 2015-10-07 107615000 CONSTRUCTION 0 1 0 B NJB PROPERTIES 205535917 65486MAAS 2006-12-05 179285000 CONSTRUCTION 1 1 0 C TOP 260073671 89054QAP5 2014-06-26 43435000 CONSTRUCTION 0 1 0 D WASHINGTON ECONOMIC DEV FIN AUTH 911493002 93975WEH4 2013-12-11 28995000 REFUNDING 0 0 0 A 107615000 12078360 1613002 104849679 0 0 0 1 B 4475000 155420000 179285000 2136771 177148229 2009 0 0 0 1 C 7605000 43435000 48867177 239100 30362 1 0 1 1 D 7505000 28995000 405166 28589834 1 0 1 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 1 0 1 1 0.07830 0.07830 0 0 1 A 0 0 0 1 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 1 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A SCRANTON-LACKAWANA HLTH & WELF AUTH (CDP SCRANTON) 232205980 810694K99 2016-08-30 36126671 ACQUIRE LEASEHOLD INTEREST 0 0 0 B FYI PROPERTIES 262473717 302716AU9 2009-08-13 305810000 CONSTRUCTION 0 1 0 C CDP LOS ANGELES COUNTY 273473882 20368RAR5 2011-05-26 43710000 CONSTRUCTION 0 1 0 D COMMUNITY PROPERTIES ALASKA INC 455454746 20401WAT9 2012-12-19 25070000 CONSTRUCTION 0 1 0 A 172354 36126671 3145683 32980988 0 0 0 1 B 38400000 305810000 4398514 301411486 2011 0 0 0 1 C 10270000 43710000 1271507 42438493 2012 0 0 0 1 D 1950000 25070000 544205 24525795 2014 0 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 1 0 0 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A COB PROPERTIES 453455657 19075HAV4 2014-07-11 49625000 CONSTRUCTION 0 1 0 B CITY OF SYRACUSE INDUSTRIAL DEVELOPMENT AGENCY 521380308 871720AF5 1995-03-30 12000000 REFUNDING 1 0 0 A 3250000 49625000 1020679 48604321 2015 0 0 0 1 B 12000000 12000000 12000000 1 1 0 1 A 0 0 0 0 0 0 1 B 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 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 2 ANN VOGT & INGRID NARDONI, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. 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 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. NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 112933129 ECON DEV/ASSIST GOV'T/HOUSING VA 501(C)(3) LINE 10 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 GROW AMERICA FUND INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 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 ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 134156877 SUPPORT NDC NY 501(C)(3) LINE 12A, I NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 KINGSBOROUGH HOUSING DEVELOPMENT FUND COMPANY INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 141734500 HOUSING NY 501(C)(3) LINE 10 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 YONKERS LARKIN GARAGE INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 800730609 ASSIST GOV NY 501(C)(3) LINE 10 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 136532871 ECON DEV/ASSIST GOV'T/HOUSING NY 501(C)(3) LINE 10 N/A 0 NDC GREEN RENEWABLE ENERGY ENTERPRISE NEXUS ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 273820841 ECONOMIC DEVELOPMENT NY 501(C)(3) LINE 10 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 NDC RESOURCES ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 460674188 ECON DEV/HOUSING/ASSIST GOV'T DC 501(C)(3) LINE 12A, I NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 NDC CORPORATE EQUITY FUND III ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 134071776 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND IV ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 134151268 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND V ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 134195127 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND VI ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 050585420 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND VII ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 203273264 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND VIII ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 261481355 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND IX ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 264226439 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND X ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 454281155 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XI ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 462764258 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XII ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 473762588 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XIII ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 813113490 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XIV ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 821877042 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XV ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 831506679 LOW INCOME HOUSING NY N/A COMMUNITY DEVELOPMENT GROUP HOLT ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 201643188 HOUSING NY N/A C 0 COMMUNITY DEVELOPMENT GROUP ILLINOIS INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 201644052 HOUSING NY N/A C 0 COMMUNITY DEVELOPMENT GROUP KENTUCKY INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 133555220 ECONOMIC DEVELOPMENT NY N/A C 0 COMMUNITY DEVELOPMENT GROUP RENEWABLE ENERGY ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 262989445 ECONOMIC DEVELOPMENT NY N/A C 0 COMMUNITY DEVELOPMENT GROUP WALLA WALLA INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 133615889 ECONOMIC DEVELOPMENT NY N/A C 0 COMMUNITY DEVELOPMENT INVESTOR BROOKLYN ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 461534076 ECONOMIC DEVELOPMENT NY N/A C 0 HOUSING DEVELOPMENT GROUP III ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 203673695 HOUSING NY N/A C 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 1 1