2018-03-09T14:33:25-06:00 2017-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2016-07-01 112451752 PRATT AREA COMMUNITY COUNCIL INC PRAT 7185222613 1000 DEAN STREET NO 420 BROOKLYN NY 11238 BERNELL GRIER EXECUTIVE DIRECTOR 7185222613 2018-03-05 1 AARON SHAPIRO P01333816 2128674000 38.98.118.70 2018-03-08 16:26:11 ES P D7076C0EC39B17C3336BFEA465ABF20A32036F2A 73A2BDB4DEE3E1301F7FB9DCBA9193E2BC5F7900 2016 2021-01-29 14:40:06Z IMPACCT BROOKLYN BERNELL GRIER 1000 DEAN STREET NO 420 BROOKLYN NY 11238 5295202 0 X WWW.IMPACCTBROOKLYN.ORG X 1972 NY TO PROMOTE AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT. 14 14 56 100 0 0 2257056 2217069 985635 2543275 10258 2586 285942 158187 3538891 4921117 0 0 0 0 2627685 2920315 0 0 272374 1382030 1496358 4009715 4416673 -470824 504444 5094371 5667252 1822909 1949600 3271462 3717652 X PRATT AREA COMMUNITY COUNCIL, INC. (IMPACCT BROOKLYN) IS A COMMUNITY DEVELOPMENT CORPORATION FOUNDED IN 1964 TO EMPOWER RESIDENTS BUILDING FLOURISHING COMMUNITIES IN FORT GREENE, CLINTON HILL, BEDFORD STUYVESANT, CROWN HEIGHTS, AND PROSPECT HEIGHTS. IN FY 2016, PRATT AREA COMMUNITY COUNCIL, INC. WENT THROUGH A MAJOR TRANSITION MOVING ITS MAIN OFFICES TO 1000 DEAN STREET, RM 420, BROOKLYN, NY 11238 AND A REBRANDING PROCESS WITH NEW WEBSITE AND NAME IMPACCT BROOKLYN FOR WHICH WE HAVE AN APPROVED DBA CERTIFICATE. CURRENTLY WE SERVE ALL OF BROOKLYN WITH A FOCUS ON CENTRAL BROOKLYN. OUR PROGRAMS INCLUDE A) THE PRESERVATION AND CREATION OF AFFORDABLE HOUSING, B) THE DEVELOPMENT OF SMALL BUSINESSES AND VIBRANT COMMERCIAL CORRIDORS THAT LEAD TO THE CREATION OF JOBS FOR COMMUNITY RESIDENTS, C) THE DEVELOPMENT OF RESIDENT LEADERSHIP AND COMMUNITY DEVELOPMENT SERVICES THAT STRENGTHEN FAMILIES AND BUILD STRONGER NEIGHBORHOODS; AND D) THE PROVISION OF SUPPORTIVE HOUSING AND SOCIAL SERVICES. 0 0 1024701 1132630 SEE SCHEDULE OPROPERTY MANAGEMENT AND MAINTENANCE - DURING FY2015, IMPACCT BROOKLYN'S LEADERSHIP DECIDED TO DISCONTINUE SELF-MANAGEMENT OF OUR PORTFOLIO OF 54 BUILDINGS AND MOVED THE MANAGEMENT TO THIRD PARTY MANAGERS. IN APRIL 2015 HALF OF THE PORTFOLIO WENT TO C & C MANAGEMENT AS PART OF THE IMPACCT PRESERVATION REFINANCE IN PARTNERSHIP WITH L & M DEVELOPMENT. STARTING IN JULY THROUGH OCTOBER 2015 (FY2016) THE REMAINDER OF OUR PORTFOLIO WAS MOVED TO LEMLE & WOLFF. FOUR MANAGEMENT/MAINTENANCE STAFF AT MAGNOLIA PLAZA ALSO REMAIN ON OUR PAYROLL. WE NOW HAVE 1 STAFFER SERVING AS OUR ASSET MANAGER TO OVERSEE THE PORTFOLIO. 1122873 SEE SCHEDULE OIMPACCT BROOKLYN PROVIDES DIRECT SUPPORTIVE HOUSING SERVICES AT OUT GIBB MANSION RESIDENCE. THIS 71 UNIT FACILITY HOUSES CHRONICALLY ILL AND LOW-INCOME INDIVIDUALS. WE PROVIDE RESPONSIVE AND COMPASSIONATE CARE TO THE RESIDENTS WHO CALL IT HOME. ON STAFF ARE THREE SOCIAL WORKERS, TWO CASE WORKERS, A RESIDENT MANAGER, REGISTERED NURSE, CHEF AND KITCHEN ASSISTANT, A SUBSTANCE ABUSE SPECIALIST, AND AN ACTIVITIES COORDINATOR. RESIDENTS RECEIVE ONE ON ONE COUNSELING EVERY WEEK AND CASE MANAGERS AND SOCIAL WORKERS ARE ALWAYS AVAILABLE TO HELP RESIDENTS WITH HEALTHCARE ISSUES, MONEY MANAGEMENT, AND NECESSARY ADVOCACY AND REFERRALS. GIBB MANSION IS ALWAYS BUSTLING WITH ACTIVITY; RESIDENTS SHARE FIVE FRESH, HOT MEALS PER WEEK, AND THE ACTIVITIES COORDINATOR KEEPS THE SCHEDULE FULL OF CLASSES, OUTINGS, PARTIES AND COMMUNITY EVENTS. THE COMMUNITY AT GIBB MANSION IS THRIVING, AS STAFF AND RESIDENTS WORK TOGETHER TO CREATE A POSITIVE, HEALTH AND EMPOWERING ENVIRONMENT THAT FACILITATES HEALING AND WELLNESS. IN FISCAL 2017, 71 INDIVIDUALS WERE HOUSED, 50 CHRONICALLY ILL INDIVIDUALS RECEIVING CASE MANAGEMENT AND COUNSELING. IMPACCT BROOKLYN'S OTHER SUPPORTIVE HOUSING IS FOUND AT NAVY GREEN. THIS 98-UNIT PERMANENT SUPPORTIVE HOUSING BUILDING IS PART OF A LARGE SCALE RESIDENTIAL SITE COINED "NAVY GREEN" WITH 458 UNITS OF MIXED INCOME HOUSING, OPEN GREEN SPACE, RETAIL AND COMMUNITY FACILITY SPACE. THE RESIDENCE IS COMPRISED OF STUDIO APARTMENTS FOR 59 SINGLE ADULTS THAT ARE CHRONICALLY HOMELESS WITH SEVERE AND PERSISTENT MENTAL ILLNESS AND/OR CHEMICAL ADDICTIONS AND 38 UNITS FOR LOW INCOME COMMUNITY RESIDENTS. THERE IS ALSO A LIVE-IN SUPERINTENDENT AND 24/7 STAFFED SECURITY. ON-SITE SOCIAL SERVICES ARE OFFERED TO ALL RESIDENTS BY BROOKLYN COMMUNITY HOUSING AND SERVICES AND FUNDED THROUGH THE HISTORIC NY/NY III PARTNERSHIP BETWEEN THE CITY AND STATE THROUGH THE DEPARTMENT OF HEALTH AND MENTAL HYGIENE. 150897 SEE SCHEDULE OFINANCIAL CAPACITY AND HOMEOWNER SERVICES: IN FY2017, IMPACCT BROOKLYN'S FINANCIAL COACH AND HOUSING SPECIALIST REACHED OVER 2,000 RESIDENTS THROUGH OUR SERIES OF WORKSHOPS AND PRESENTATIONS. 315 RESIDENTS PARTICIPATED IN FINANCIAL LITERACY WORKSHOPS OR INFORMATION SESSIONS, 215 PEOPLE IMPROVED THEIR CREDIT RATING, 410 HOUSEHOLDS WERE COUNSELED ABOUT FORECLOSURE INTERVENTION, AND THROUGH 11 FIRST TIME HOMEBUYER WORKSHOPS WE REACHED 447 PEOPLE. WE HELD 484 ONE ON ONE HOUSING COUNSELING SESSIONS. THROUGH OUR ASSOCIATION WITH THE NEW YORK STATE HOUSING AND FINANCE AGENCY WE ARE A CERTIFIED HUD COUNSELING AGENCY. 827960 1410645 HOUSING DEVELOPMENT: SINCE 1988 IMPACCT BROOKLYN HAS DEVELOPED 1000 UNITS OF AFFORDABLE APARTMENTS, CONDOMINIUMS, COOPS AND HOMES THROUGH VARIOUS FINANCING TOOLS INCLUDING LOW HOUSING INCOME TAX CREDITS (LIHTC), HOME SUBSIDIES, NYS AFFORDABLE HOUSING CORPORATION FUNDS, NYC HDC BONDS AND FEDERAL HOME LOAN BANK OF NY AFFORDABLE HOUSING GRANTS. DURING FY 2016, IMPACCT BROOKLYN COMPLETED THE CONVERSION OF CONSTRUCTION LOAN TO PERMANENT FINANCING OF 265 HAWTHORNE STREET IN PREPARATION TO CONVERT THIS 71 UNIT MULTI-FAMILY BUILDING TO A LIMITED EQUITY COOPERATIVE. THE OFFERING PLAN HAS BEEN SUBMITTED FOR APPROVAL BY THE NYS ATTORNEY GENERAL'S OFFICE AND 61 OF THE 71 TENANTS ARE PURCHASING SHARES. WE ANTICIPATE THE CLOSING OF THE COOPERATIVE CONVERSION TO OCCUR IN THE FIRST QUARTER OF CALENDAR YEAR 2018. IMPACCT PRESERVATION CLOSED AHEAD OF SCHEDULE IN FISCAL 2017, PRESERVING THE AFFORDABILITY OF 489 UNITS FOR 30 YEARS. DISSOLUTION OF THE 7 ENTITIES WHICH WENT INTO THE IMPACCT PRESERVATION PROJECT IN JUNE 2015 ARE NEARLY COMPLETE. IMPACCT BROOKLYN BECAME THE DEVELOPMENT CONSULTANT FOR PROVIDENCE HOUSE FOR A 22 UNIT PROJECT LOW INCOME SUPPORTIVE HOUSING PROJECT ACQUIRED IN JUNE 2016 TO HOUSE FORMERLY INCARCERATED WOMEN. THE CONSTRUCTION LOAN CLOSING TOOK PLACE IN SEPTEMBER 2017 AND WILL PRESERVE THESE AFFORDABLE HOUSING UNITS FOR 60 YEARS. GIBB MANSION FINANCIAL RESTRUCTURING CLOSED IN JUNE 2017 AND WILL PRESERVE 72 SUPPORTIVE AND AFFORDABLE HOUSING UNITS FOR 30 YEARS. JOINT OWNERSHIP ENTITY (JOE): JOE IS A JOINT OWNERSHIP ENTITY THAT ACQUIRES AND ASSET MANAGES AFFORDABLE MULTIFAMILY PROPERTIES ON BEHALF OF MEMBER CDCS. THE MISSION OF JOE IS TO SECURE THE LONG TERM VIABILITY OF NON-PROFIT RUN AFFORDABLE HOUSING AND TO MAKE MEMBERS MORE COMPETITIVE IN SECURING NEW AFFORDABLE HOUSING DEVELOPMENT OPPORTUNITIES. JOE WAS FORMED BY A NUMBER OF CDCS IN RESPONSE TO A SET OF CHALLENGES CONFRONTING NEW YORK CITY'S AFFORDABLE HOUSING STOCK. JOE IS DESIGNED TO STRENGTHEN THE ASSET AND PROPERTY MANAGEMENT CAPACITY AND OUTCOMES OF PARTICIPATING CDC; TO BOLSTER THE CASH FLOW AND BALANCE SHEETS OF PARTICIPATING CDCS; TO ENHANCE THE ABILITY OF CDCS TO SECURE FINANCING FOR THEIR DEVELOPMENT PROJECTS; AND TO HELP ENSURE THE LONG-TERM AFFORDABILITY OF THE PROPERTIES IN ITS PORTFOLIO AND THE STABILITY OF THE COMMUNITIES IN WHICH THEY ARE LOCATED.IMPACCT BROOKLYN'S LEADERSHIP APPROVED THE TRANSFER OF 143 AFFORDABLE HOUSING UNITS TO THE JOE. WE ARE ALSO DISCUSS THE POSSIBILITY OF COMBINING OUR PROPERTIES WITH CERTAIN BRIDGE ST AND ST. NICKS CB #3 IN THE AREA TO CREATE SUFFICIENT SCALE FOR A TAX EXEMPT BOND TRANSACTION, WHICH WILL PROVIDE MORE FUNDING TO MODERNIZE THE BUILDINGS FOR THE FUTURE. TENANT AND COMMUNITY ORGANIZING: IMPACCT BROOKLYN'S TENANT AND COMMUNITY ORGANIZING DEPARTMENT ENCOURAGES AND MOBILIZES LOCAL RESIDENTS TO IMPROVE THEIR SURROUNDINGS AND CONFRONT BROADER CONCERNS THROUGH COMMUNITY ORGANIZING CAMPAIGNS; CONFRONTING HOUSING ISSUES FACING LOW-INCOME TENANTS; EVICTION PREVENTION WORK WHICH INCLUDES DAILY COUNSELING FOR TENANTS; MONTHLY KNOW YOUR RIGHTS WORKSHOPS AND LEGAL CLINICS; AND CODE ENFORCEMENT ORGANIZING, ASSISTING TENANTS WHO ARE DEALING WITH ALL TYPES OF CRISIS RELATED TO A CRUMBLING HOUSING STOCK. DURING FY2017, THE DEPARTMENT CAMPAIGNED TO FIGHT RENT INCREASES AT THE RENT GUIDELINES BOARD, ADVOCATE FOR RIGHT TO COUNSEL IN HOUSING COURT, AND NEGOTIATED WITH ALL-YEAR MANAGEMENT TO ISSUE LEASES TO EXISTING TENANTS IN 13 BUILDINGS. THE DEPARTMENT SERVED 277 CLIENTS IN LEGAL CLINICS, FACILITATED 252 TENANT ASSOCIATION MEETINGS, CONDUCTED 115 SUCCESSFUL HOUSING INTERVENTIONS AND REACHED OVER 787 PEOPLE THROUGH PARTICIPATION IN OR ORGANIZING 10 EVENTS. ECONOMIC DEVELOPMENT: FY2017, THE ECONOMIC DEVELOPMENT DEPARTMENT CONTINUES TO BUILD A STRONG FOUNDATION FOR THE GROWTH AND DEVELOPMENT OF MERCHANT ASSOCIATIONS ALONG FULTON STREET, WASHINGTON AVENUE AND FLATBUSH AVENUE. HELPING SMALL BUSINESSES AND PROPERTY OWNERS NAVIGATE GOVERNMENTAL PROCESSES, EXPAND THEIR NETWORK OF RESOURCES AND DEVELOP NEW PARTNERSHIPS REMAINS AT THE FOREFRONT OF OUR COMMUNITY RENEWAL WORK. WE PROVIDE TECHNICAL ASSISTANCE TO NEW BUSINESS OWNERS AND WORK IN COMMUNITIES TO BOOST CONSUMER CONFIDENCE AND PROMOTE INVESTOR INTEREST. TO ACHIEVE OUR MAIN GOAL OF SUPPORTING AND SUSTAINING A VIBRANT LOCAL COMMERCE THAT GROWS IN ECONOMIC, RACIAL AND CULTURAL DIVERSITY WE RECRUIT COMPATIBLE BUSINESSES DEVELOPING COMMERCIAL DISTRICTS THAT RESPOND TO TODAY'S CONSUMERS' NEEDS USING ROLLING UP THE GATES A HIGHLY SUCCESSFUL BUSINESS ATTRACTION ACTIVITY AND SUPPORTING LOCAL MERCHANT ASSOCIATION DEVELOPMENT; ENSURE THAT ENTREPRENEURS RECEIVE ASSISTANCE THROUGH INDIVIDUALIZED COUNSELING WHICH EMPLOYS A VAST REFERRAL NETWORK; AND, PROVIDE TECHNICAL ASPECTS OF OBTAINING AND MANAGING A THRIVING BUSINESS, THROUGH THE SMALL BUSINESS SERIES AND MARKETING WORKSHOPS. 26 ENTREPRENEURS ATTENDED OUR ROLLING UP THE GATES EVENT SHOWCASING VACANT STOREFRONTS, 145 BUSINESS OWNERS ATTENDED OUR SMALL BUSINESS WORKSHOP SERIES AND 72 BUSINESSES WERE INDIVIDUALLY COUNSELED. WE HELPED TO OPEN 3 NEW BUSINESSES AND RETAINED 34 SMALL BUSINESSES THROUGH MEDIATING CONFLICTS OR ASSISTING WITH LEASE NEGOTIATIONS. WE HAVE BEGUN TO EXPLORE ENHANCEMENTS TO OUR SERVICES THAT INCLUDE ACCESS TO CAPITAL AND MINORITY AND WOMEN ENTERPRISE DEVELOPMENT. 827960 1410645 3126431 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 28 0 56 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X RUDO RAYMO 7185222613 1000 DEAN STREET SUITE 420 BROOKLYN NY 11238 DAVE HANZEL BOARD CHAIR 1.00 X X 0 0 0 RON LANGUEDOC SECRETARY 0.50 X X 0 0 0 TAMARA MCCAW DIRECTOR 0.50 X 0 0 0 NAIMA OYO DIRECTOR 0.50 X 0 0 0 KRIS FRANKLIN DIRECTOR 0.50 X 0 0 0 YVONNE CUMMINGS DIRECTOR 0.50 X 0 0 0 DESIREE FRIESON DIRECTOR 0.50 X 0 0 0 MARYANNE SPERONI DIRECTOR 0.50 X 0 0 0 REBECCA REICH DIRECTOR 0.50 X 0 0 0 IMANI GRISZELL DIRECTOR 0.50 X 0 0 0 JIM BAEK DIRECTOR 0.50 X 0 0 0 MARY MOSELEY DIRECTOR 0.50 X 0 0 0 TYWAN ANTHONY DIRECTOR 0.50 X 0 0 0 EUGENE JENSEN DIRECTOR 0.50 X 0 0 0 DEBORAH HOWARD EXECUTIVE DIRECTOR (LEFT DEC 16) 70.00 1.00 X 121041 0 23306 ROSEMARIE WHYTE CHIEF FINANCIAL OFFICER (LEFT AUG 16) 70.00 1.00 X 100151 0 22882 BERNELL GRIER EXECUTIVE DIRECTOR STARTED DEC 16 70.00 1.00 X 2885 0 0 SHIBANI GAMBHIR DIRECTOR OF FINANCE & OPERATIONS STARTED SEP 2016 70.00 1.00 X 23269 0 668 247346 0 46856 2 0 0 0 MDG DESIGN & CONSTRUCTION LLC 1328 NEW YORK AVE HUNTINGTON STATION NY 11743 GENERAL CONTRACTOR 300000 1 150462 1669292 397315 2217069 DEVELOPER'S FEES 531390 1389263 1389263 MAINTENANCE FEES 531390 420209 420209 PROJECT ADMIN. FEES 624200 394195 394195 PROPERTY MGMT. FEES 531390 234724 234724 MARKETING INCOME 541610 83502 83502 21382 21382 2543275 2586 2586 426043 342579 83464 83464 83464 9090 150462 31506 -22416 -22416 SPACE RENTAL 531390 29000 29000 MEMBERSHIP & INDIVIDUA 900099 17133 17133 WORKSHOP FEES 541900 11802 11802 39204 39204 97139 4921117 2543275 0 160773 443895 321334 91127 31434 2061371 1490098 423051 148222 236754 173928 48757 14069 178295 130983 36718 10594 54017 54017 29850 29850 347429 203995 133551 9883 17467 3742 6920 6805 427686 383163 31558 12965 33763 30866 2845 52 279551 198588 57968 22995 24591 16820 7158 613 32994 26041 6158 795 40964 40964 83327 44895 30919 7513 57835 43187 11072 3576 RECREATIONAL ACTIVITIES 20293 20293 BAD DEBT 13326 13326 33265 8648 21759 2858 4416673 3126431 1017868 272374 1028812 1974051 1402172 1404751 1069109 834847 123253 74555 68665 74702 1507974 889288 622245 618686 780115 685660 5094371 5667252 567651 683147 244537 270289 87369 118862 898352 877302 25000 1822909 1949600 X 3219845 3673035 51617 44617 3271462 3717652 5094371 5667252 X 504444 -58254 X X 0 1 X 1 0 X 2484085 2305561 2182913 2257056 2217069 11446684 2768535 2618068 4220702 985635 2543275 13136215 5252620 4923629 6403615 3242691 4760344 24582899 0 0 0 24582899 352617 407152 398054 401961 428629 1988413 352617 407152 398054 401961 428629 1988413 173192 304134 80683 239112 97139 894260 5778429 5634915 6882352 3883764 5286112 27465572 0.89500 0.90270 0.07240 0.06510 X EXPLANATION FOR OTHER INCOME MISCELLANEOUS SPACE RENTAL: $29000 MEMBERSHIP & INDIVIDUAL DONORS: $17133 WORKSHOP FEES: $11802 OTHER: $39204 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 29850 0 0 29850 0 PART II-B, LINE 1: OUR COMMUNITY ORGANIZING STAFF HAS BEEN ENGAGED IN THE FOLLOWING COALITIONS: THE RENT JUSTICE COALITION WHICH CONTINUES TO ADVOCATE FOR THE RENT GUIDELINES BOARD TO PASS REASONABLE AND EQUITABLE RENT ADJUSTMENTS; THE RIGHT TO COUNSEL COALITION WHICH IS WORKING TOWARDS THE PASSAGE OF LEGISLATION AT NY COUNCIL LEVEL TO ENACT THE RIGHT TO LEGAL REPRESENTATION FOR LOW-INCOME TENANTS AND HOMEOWNERS IN HOUSING COURT; THE STABILIZING NYC COALITION WHICH IS COMBATTING DISPLACEMENT THROUGH PREDATORY EQUITY INVESTMENT AND TACTICS AND ADVOCATES TO STRENGTHEN TENANT PROTECTION LAWS. THE DEPARTMENT ALSO ENLISTED THE PARTICIPATION OF TENANT LEADERS TO ATTEND RALLIES IN SUPPORT OF THE AFOREMENTIONED COALITIONS AND TO MEET WITH LEGISLATORS ON THESE ISSUES, TYPICALLY THREE TIMES A YEAR. IN SPRING 2017, WE TOOK A BUS TRIP TO ALBANY WITH OTHER COMMUNITY ORGANIZATIONS TO SPEAK WITH LEGISLATORS ABOUT FUNDING FOR THE NEIGHBORHOOD PRESERVATION PROGRAM. WE ALSO ATTENDED THE NEW YORK STATE ASSOCIATION OF BLACK AND PUERTO RICAN LEGISLATORS CAUCUS IN ALBANY AND DISCUSSED FUNDING FOR THE HUD SECTION 4 PROGRAM. AT ALL OF THESE MEETINGS STAFF MEMBERS CONTINUED TO UPDATE MEMBERS ABOUT THE ORGANIZATION'S REBRANDING AND EXECUTIVE CHANGES. IN THE LAST YEAR, WE WERE ASKED TO SIGN ON TO A PETITION LETTER BY NATIONAL HOUSING RESOURCE CENTER ASKING FOR THE RESTORATION OF FEDERAL FUNDING DOLLARS TO HUD HOUSING COUNSELING AND MORTGAGE FORECLOSURE MITIGATION ACTIVITIES. 0 1 X 20000 20000 528273 416622 111651 410473 95024 315449 549228 377642 171586 618686 ADVISORY SERVICE FEES RECEIVABLE 351040 DUE FROM RELATED ORGANZATIONS 137076 DUE FROM LIMITED PARTNERSHIPS 78682 TENANTS' SECURITY DEPOSITS 118862 685660 X 8030863 423620 2343547 2767167 5263696 -342579 -342579 4921117 7636285 423620 58254 2737738 3219612 4416673 0 4416673 PART IV, LINE 2B: TENANTS MUST PROVIDE A SECURITY DEPOSIT UPON ENTERING INTO A LEASE. THE SECURITY DEPOSIT IS RETURNED TO THE TENANT ONCE THE TERM OF THE LEASE HAS ENDED AND THERE ARE NO REMAINING PAYMENTS OWED. PART X, LINE 2: THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2014 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: AFFILIATED ORGANIZATIONS REVENUES 2,343,547. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE -342,579. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 342,579. AFFILIATED ORGANIZATIONS EXPENSES 2,395,159. GALA 159552 150462 9090 2959 16249 500 11798 159552 150462 9090 2959 16249 500 11798 31506 -22416 FORM 990, PART VI, SECTION A, LINE 6 PACC IS A MEMBERSHIP ORGANIZATION WHOSE MEMBERS ELECT THE BOARD OF DIRECTORS AT OUR ANNUAL MEETING IN JUNE. THE DIRECTORS CAN SERVE UP TO 3 THREE YEAR TERMS. MEMBERS ARE ELIGIBLE TO VOTE IF THEY HAVE PAID THEIR ANNUAL MEMBERSHIP DUES OF $25. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. THE DIRECTORS CAN SERVE THREE TERMS OF THREE YEARS EACH. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 WAS DISCUSSED AND REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD. THE FINANCE COMMITTEE RECOMMENDED APPROVAL BY THE FULL BOARD AFTER MANAGEMENT, WORKING WITH THE AUDITORS, MADE ANY FINAL NECESSARY REVISIONS. A FINAL 990 FORM WAS THEN PROVIDED TO THE FULL BOARD FOR APPROVAL. THE FULL BOARD THEN APPROVED THE FILING OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MUST COMPLETE A CONFLICT OF INTEREST FORM EVERY YEAR WHICH IS KEPT ON FILE. IF THERE ARE ANY INCIDENTS OF CONFLICT, THAT DIRECTOR WOULD BE RECUSED FROM VOTING ON THE MATTER. IF IT IS FOUND THAT A DIRECTOR HAS PERSONALLY BENEFITED FROM KNOWLEDGE OR RELATIONSHIPS GAINED THROUGH THEIR ROLE AS DIRECTOR, THEY WILL BE REMOVED FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD USES COMPARABLES FOR NYS NONPROFIT ORGANIZATIONS OF SIMILAR REVENUE AND ACTIVITIES PROVIDED BY NYCON TO SET SALARY RANGES. THE PROCESS WAS CONDUCTED SUBSEQUENT TO YEAR END DURING 2017. FORM 990, PART VI, SECTION C, LINE 19 PACC'S GOVERNING DOCUMENTS (CERTIFICATE OF INCORPORATION, BY-LAWS AND DBA CERTIFICATE) ARE AVAILABLE UPON REQUEST AND ARE ON THE NYS CHARITIES BUREAU WEBSITE AND NYC'S HHS ACCELERATOR SITE. OUR AUDITED FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST TO THE PUBLIC, SENT TO ALL OF OUR FUNDERS AND POSTED ON GUIDESTAR. ALL POLICIES ARE AVAILABLE UPON REQUEST AND PROVIDED TO OUR EMPLOYEES AND OUR BOARD. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF FIXED ASSETS -7,000. LOSS ON WRITE-OFF OF DEFERRED COSTS -51,254. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 265 HAWTHORNE HDFC 1000 DEAN STREET SUITE 420 BROOKLYN NY 11238 271921872 OWNER OF LOW INCOME RENTAL APARTMENTS NY 501(C)(3) LINE 10 PACC INC DBA IMPACCT BROOKLYN 1 GATEWAY HOUSING COPORATION 1000 DEAN STREET SUITE 420 BROOKLYN NY 11238 113583988 OWNER OF LOW INCOME RENTAL APARTMENTS NY 501(C)(3) LINE 10 PACC INC DBA IMPACCT BROOKLYN 1 409 GRAND AVENUE HDFC 1000 DEAN STREET SUITE 420 BROOKLYN NY 11238 201876837 OWNER OF LOW INCOME RENTAL APARTMENTS NY PACC INC DBA IMPACCT BROOKLYN C 1.00000 1 942 KENT AVENUE HDFC 1000 DEAN STREET SUITE 420 BROOKLYN NY 11238 202646555 OWNER OF LOW INCOME RENTAL APARTMENTS NY PACC INC DBA IMPACCT BROOKLYN C 1.00000 1 PACC HDFC 1000 DEAN STREET SUITE 420 BROOKLYN NY 11238 912105355 OWNER OF LOW INCOME RENTAL APARTMENTS NY PACC INC DBA IMPACCT BROOKLYN C 1.00000 1 GIBB MANSION 1000 DEAN STREET SUITE 420 BROOKLYN NY 11238 821641445 OWNER OF LOW INCOME RENTAL APARTMENTS NY PACC INC DBA IMPACCT BROOKLYN C 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0