2017-01-20T10:05:45-06:00 2016-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2015-07-01 112451752 PRATT AREA COMMUNITY COUNCIL INC PRAT 7185222613 1000 DEAN STREET NO 420 BROOKLYN NY 11238 DEBORAH HOWARD EXECUTIVE DIRECTOR 7185222613 2016-12-28 1 AARON SHAPIRO P01333816 2128674000 2015 2021-01-29 14:40:06Z X IMPACCT BROOKLYN DEBORAH HOWARD 1000 DEAN STREET NO 420 BROOKLYN NY 11238 3896604 0 X WWW.IMPACCTBROOKLYN.ORG X 1972 NY TO PROMOTE AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT. 14 13 77 100 0 0 2182913 2257056 4220702 985635 4069 10258 274187 285942 6681871 3538891 0 0 0 0 3755641 2627685 0 0 225373 1701891 1382030 5457532 4009715 1224339 -470824 5063324 5094371 1458866 1822909 3604458 3271462 X PRATT AREA COMMUNITY COUNCIL, INC. (PACC) EMBRACES A VISION IN WHICH PEOPLE STRIVE TOGETHER TO BUILD AN EQUITABLE, DIVERSE, ENGAGED AND FLOURISHING COMMUNITY IN CENTRAL BROOKLYN. IN OUR WORK AS A COMMUNITY DEVELOPMENT CORPORATION, PACC PURSUES FIVE MAJOR GOALS: FIRST, TO PRESERVE AND DEVELOP SAFE AND AFFORDABLE HOUSING, A BASIC HUMAN RIGHT; SECOND, TO SUPPORT A VIBRANT LOCAL COMMERCE THROUGH WHICH SMALL BUSINESSES SERVE THE MARKET NEEDS OF COMMUNITY RESIDENTS; THIRD, TO SUSTAIN AND DEVELOP AN ECONOMIC, RACIAL, AND CULTURALLY DIVERSE COMMUNITY THAN CAN ENRICH THE LIVES OF ALL; FOURTH, TO PROMOTE KNOWLEDGE, INITIATIVE AND CONCERTED ACTION THAT CAN ADVANCE INDIVIDUAL AND COMMON INTERESTS; AND FIFTH, TO FOSTER AN ETHIC THAT ALL MEMBERS OF THE COMMUNITY BEAR PERSONAL RESPONSIBILITY TO CONTRIBUTE TO THE GREATER GOOD. IN FY 2016, PACC WENT THROUGH A MAJOR TRANSITION MOVING ITS MAIN OFFICES TO 1000 DEAN STREET, SUITE 420, BROOKLYN, NY 11238 AND A REBRANDING PROCESS WITH NEW WEBSITE AND NAME IM 0 0 850621 787283 SEE SCHEDULE OPROPERTY MANAGEMENT AND MAINTENANCE - IN PRIOR YEARS PACC PROVIDED PROPERTY AND ASSET MANAGEMENT AS WELL AS MAINTENANCE SERVICES TO THE AFFORDABLE HOUSING PROJECTS WHICH WE HAD DEVELOPED. DURING FY 2015, THE BOARD DECIDED TO DISCONTINUE SELF-MANAGEMENT OF OUR PORTFOLIO AND MOVED THE MANAGEMENT TO THIRD PARTY MANAGERS. IN APRIL 2015, HALF OF THE PORTFOLIO WENT TO C & C MANAGEMENT AS PART OF A REFINANCE IN PARTNERSHIP WITH L & M DEVELOPMENT. STARTING IN JULY THROUGH OCTOBER 2015 (FY 2016) THE REMAINDER OF OUR PORTFOLIO WAS MOVED TO LEMLE & WOLFF. WE RETAINED ONE STAFF MEMBER AS ASSET MANAGER TO OVERSEE THE PORTFOLIO IN WHICH WE STILL HOLD OWNERSHIP AND TWO SKILLED LEASING AND OCCUPANCY SPECIALISTS TO COMMENCE A NEW LINE OF EARNED INCOME, CARRYING OUT THE MARKETING OF AFFORDABLE HOUSING THROUGH HPD'S LOTTERY PROCESS FOR PRIVATE DEVELOPERS AND EDUCATING COMMUNITY RESIDENTS TO NAVIGATE THE LOTTERY PROCESS TO BE WELL PREPARED AND SUCCESSFUL APPLICANTS. FOUR MANAGEMENT/MAINTENANCE STAFF AT MAGNOLIA PLAZA ALSO REMAIN ON OUR PAYROLL. 1114820 SEE SCHEDULE OAT GIBB MANSION, PACC'S 71-UNIT SUPPORTIVE HOUSING PROJECT FOR 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, HEALTHY AND EMPOWERING ENVIRONMENT THAT FACILITATES HEALING AND WELLNESS. IN FISCAL YEAR 2015-2016, 71 INDIVIDUALS WERE HOUSED THERE AND 50 CHRONICALLY ILL INDIVIDUALS RECEIVED CASE MANAGEMENT AND COUNSELING. 165718 SEE SCHEDULE OHOMEOWNER SERVICES HELP LOW TO MODERATE INCOME RESIDENTS OBTAIN THE STABILITY THAT HOUSING AFFORDS BY PROVIDING THE INFORMATION, TOOLS AND RESOURCES TO REDUCE PERSONAL DEBT, PREPARE FOR THE PROCESS OF PURCHASING HOMES, PREVENT HOME LOSS AND MAINTAIN HABITABLE PROPERTIES. IN FY 2016, PACC'S COUNSELORS REACHED OUT TO OVER 1,100 RESIDENTS THROUGH 77 WORKSHOPS AND PRESENTATIONS WITH 622 PARTICIPANTS REFERRING THEM TO OUR WORKSHOPS AND COUNSELING SERVICES INCLUDING FIRST-TIME HOMEBUYER, FINANCIAL AND FORECLOSURE COUNSELING. AS A HUD COUNSELING AGENCY, 136 CLIENTS RECEIVED MORTGAGE COUNSELING, 145 RECEIVED FINANCIAL COUNSELING AND 67 RECEIVED FORECLOSURE COUNSELING WITH 45 HOMES SAVED THROUGH LOAN MODIFICATIONS. 170189 198352 HOUSING DEVELOPMENT - SINCE 1988 PACC HAS DEVELOPED 1,000 UNITS OF AFFORDABLE APARTMENTS, CONDOMINIUMS, CO-OPS AND HOMES THROUGH VARIOUS FINANCING TOOLS INCLUDING LIHTCS, HOME SUBSIDIES, NYS AHC FUNDS, NYC HDC BONDS, FHLB OF NY AHP GRANTS, ETC. DURING FY 2016, PACC 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 WAS APPROVED BY THE NYS ATTORNEY GENERAL'S OFFICE AND 61 OF THE 71 TENANTS ARE PURCHASING SHARES. DISSOLUTION OF THE 7 ENTITIES WHICH WENT INTO THE IMPACCT PRESERVATION PROJECT IN JUNE 2015 ARE IN PROGRESS. PACC BECAME THE DEVELOPMENT CONSULTANT FOR PROVIDENCE HOUSE FOR A 22 UNIT PROJECT ACQUIRED IN JUNE 2016 TO HOUSE FORMERLY INCARCERATED WOMEN. 314691 PACC'S TENANT & 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 MONTHLY LEGAL CLINICS; AND CODE ENFORCEMENT ORGANIZING, ASSISTING TENANTS WHO ARE DEALING WITH ALL TYPES OF CRISES RELATED TO A CRUMBLING HOUSING STOCK. DURING FY 2016, THE DEPARTMENT CAMPAIGNED TO FIGHT RENT INCREASES AT THE RENT GUIDELINES BOARD, ADVOCATED FOR RIGHT TO COUNSEL IN HOUSING COURT, AND NEGOTIATED WITH ALL-YEAR MANAGEMENT TO ISSUE LEASES TO EXISTING TENANTS IN 13 BUILDINGS. THE DEPARTMENT PREVENTED 58 EVICTIONS, EMPOWERED TENANTS TO CHALLENGE LANDLORD NEGLECT AND HARASSMENT, WORKED WITH 22 TENANT ASSOCIATIONS, AND EDUCATED TENANTS AS TO ENVIRONMENTAL HAZARDS IN THEIR HOMES INCLUDING LEAD POISONING PREVENTION. 207998 DURING FY 2016, THE ECONOMIC DEVELOPMENT DEPARTMENT CONTINUED 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 28 BUSINESSES WERE INDIVIDUALLY COUNSELED. 692878 198352 2824037 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 26 0 77 1 0 0 0 0 0 1 1 0 0 0 0 X 14 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X SHIBANI GAMBHIR 7185222613 1000 DEAN STREET SUITE 420 BROOKLYN NY 11238 SEBLE TAREKE-WILLIAMS BOARD CHAIR 2.00 0.50 X X 0 0 0 KEITH GETTER TREASURER 1.00 X X 0 0 0 RON LANGUEDOC SECRETARY 0.50 X X 0 0 0 JABIR SULUKI DIRECTOR (THROUGH MAY 2016) 0.50 X 0 0 0 LINCOLN RESTLER DIRECTOR (THROUGH NOVEMBER 2015) 0.50 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 ROMY GOLDMAN DIRECTOR 0.50 X 0 0 0 CAMERON ARRINGTON DIRECTOR 0.50 X 0 0 0 DAVE HANZEL DIRECTOR 1.00 X 0 0 0 MARYANNE SPERONI DIRECTOR 1.00 X 0 0 0 REBECCA REICH DIRECTOR 1.00 X 40504 0 0 IMANI GRISZELL DIRECTOR 1.00 X 0 0 0 JIM BAEK DIRECTOR 1.00 X 0 0 0 MARY MOSELEY DIRECTOR 1.00 X 0 0 0 DEBORAH HOWARD EXECUTIVE DIRECTOR 55.00 1.00 X 117805 0 7423 ROSEMARIE WHYTE CHIEF FINANCIAL OFFICER 55.00 1.00 X 101818 0 15871 260127 0 23294 2 0 0 0 THE GOODKIND GROUP LLC 1155 SIXTH AVENUE 3RD FLOOR NEW YORK NY 10036 TEMP SERVICES 186803 1 100027 1517906 639123 2257056 MAINTENANCE FEES 531390 378081 378081 DEVELOPER'S FEES 531390 198352 198352 PARTNERSHIP MGMT. FEES 541610 184868 184868 PROJECT ADMIN. FEES 624200 127500 127500 MARKETING INCOME 541610 51250 51250 45584 45584 985635 10258 10258 391703 333526 58177 58177 58177 12840 100027 24187 -11347 -11347 239112 239112 239112 3538891 985635 0 296200 278282 200968 62966 14348 1917184 1423381 361819 131984 22429 15584 5574 1271 253815 176367 63074 14374 155975 108382 38760 8833 39830 39830 31750 31750 116955 70526 37129 9300 67732 6419 59279 2034 505217 438346 54186 12685 21908 20321 1477 110 308387 237181 54001 17205 17266 10008 6874 384 31684 25783 4446 1455 31041 31041 68050 68050 68636 22948 45688 RECREATION 21307 21267 40 52267 14806 26071 11390 4009715 2824037 960305 225373 1945074 1028812 311248 1402172 796605 1069109 1830 123253 44057 68665 1428208 805963 195651 622245 1768859 780115 5063324 5094371 530954 567651 241289 244537 82318 87369 529305 898352 75000 25000 1458866 1822909 X 3494458 3219845 110000 51617 3604458 3271462 5063324 5094371 X -470824 137828 X X 0 1 X 1 0 X 2102437 2484085 2305561 2182913 2257056 11332052 2514815 2768535 2618068 4220702 985635 13107755 4617252 5252620 4923629 6403615 3242691 24439807 0 0 0 24439807 201844 352617 407152 398054 401961 1761628 201844 352617 407152 398054 401961 1761628 74819 173192 304134 80683 239112 871940 4893915 5778429 5634915 6882352 3883764 27073375 0.90270 0.92070 0.06510 0.05520 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2011 AMOUNT: $ 74,819. 2012 AMOUNT: $ 173,192. 2013 AMOUNT: $ 86,868. 2014 AMOUNT: $ 80,683. 2015 AMOUNT: $ 239,112. MARKETING SERVICES - 2013 AMOUNT: $ 217,266. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 0 0 1 31750 1 0 31750 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. WE SIGNED ON TO A LETTER PETITIONING NYC COUNCIL MEMBERS TO SIGN ON TO THE ASTHMA FREE HOUSING ACT THAT PROMOTES BETTER HOUSING AND INDOOR AIR QUALITY FOR ASTHMATICS. 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 2016, WE TOOK A BUS TRIP TO ALBANY WITH OTHER COMMUNITY ORGANIZATIONS TO SPEAK WITH LEGISLATORS ABOUT FUNDING FOR THE NEIGHBORHOOD PRESERVATION PROGRAM AND A SECOND TRIP TO DISCUSS FUNDING FOR THE HUD SECTION 4 PROGRAM. STAFF MEMBERS ALSO VISITED ALBANY ON A SEPARATE TRIP TO UPDATE MEMBERS ABOUT THE ORGANIZATION'S REBRANDING, SERVICE EXPANSION AND NEW INITIATIVES. 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 498263 410197 88066 406679 53793 352886 503266 341973 161293 622245 ADVISORY SERVICE FEES RECEIVABLE 329658 DUE FROM RELATED ORGANZATIONS 250774 DUE FROM LIMITED PARTNERSHIPS 61060 DEFERRED FINANCING COSTS 51254 TENANTS' SECURITY DEPOSITS 87369 780115 X 5795249 249863 1672969 1922832 3872417 -333526 -333526 3538891 6897557 249863 2637979 2887842 4009715 0 4009715 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, 2013 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: AFFILIATED ORGANIZATIONS REVENUES 1,672,969. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE -333,526. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 333,526. AFFILIATED ORGANIZATIONS EXPENSES 2,304,453. GALA 112867 100027 12840 6570 16046 675 896 112867 100027 12840 6570 16046 675 896 24187 -11347 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 11 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. THIS PROCESS WAS CONDUCTED IN 2013. THE PROCESS WAS AGAIN CONDUCTED SUBSEQUENT TO YEAR END DURING 2016. 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: TRANSFER FROM SUBSIDIARY 137,828. 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 9 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 9 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 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 265 HAWTHORNE HDFC C 137828 CASH AMOUNT TRANSFERRED