2016-10-17T00:00:00-05:00 2015-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2015-01-01 132626199 UNITED NATIONS DEVELOPMENT CORPORATION UNIT 2128881618 TWO UN PLAZA 27TH FLOOR NEW YORK NY 100174403 JORGE ORTIZ CONTROLLER/TREASURER 2128881618 2016-10-18 1 ROBERT LYONS P00227472 2125038800 2016-10-18 2015 2017-02-10 21:41:12Z ROBERT COLE TWO UN PLAZA 27TH FLOOR NEW YORK NY 100174403 43577319 0 X WWW.UNDC.ORG X 1968 NY THE CORPORATION WAS CREATED FOR THE PURPOSE OF PLANNING AND DEVELOPING FACILITIES FOR UNITED NATIONS-RELATED ACTIVITIES WITHIN A DEFINED "UNITED NATIONS DEVELOPMENT DISTRICT" ADJACENT TO THE UNITED NATIONS HEADQUARTERS IN NEW YORK CITY. 14 14 14 15 0 0 0 0 43684756 43452119 83006 125200 0 0 43767762 43577319 0 0 0 0 4623081 4633981 0 0 0 29786817 39701887 34409898 44335868 9357864 -758549 164285574 153754911 103893007 94175008 60392567 59579903 X THE MISSION OF THE UNITED NATIONS DEVELOPMENT CORPORATION IS (A) TO PROVIDE OFFICE AND OTHER FACILITIES THAT HELP MEET THE CURRENT AND FUTURE NEEDS OF THE UNITED NATIONS (U.N.), MISSIONS TO THE U.N. AND U.N.-RELATED PROGRAMS (TOGETHER, THE "U.N. COMMUNITY"), AND (B) OTHERWISE TO ASSIST THE U.N. COMMUNITY IN MEETING ITS CURRENT AND FUTURE REAL ESTATE NEEDS. TO ACCOMPLISH ITS MISSION AND HELP THE CITY AND STATE OF NEW YORK FULFILL THEIR RESPONSIBILITIES AS HOSTS TO THE U.N. COMMUNITY, THE CORPORATION DEVELOPS AND OPERATES OFFICE AND OTHER FACILITIES FOR THE BENEFIT OF THE U.N. COMMUNITY AND PROVIDES REAL ESTATE ADVICE, SERVICES AND STUDIES AT THE REQUEST OF THE U.N., CITY OR STATE OF NEW YORK, OR THE UNITED STATES. 0 0 41817780 43452119 BUILDING OPERATIONS - PROVIDE NEEDED FACILITIES FOR THE U.N. COMMUNITY IN NEW YORK CITY. 41817780 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 14 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JORGE ORTIZ 2128881618 TWO UN PLAZA 27TH FLOOR NEW YORK NY 100174403 GEORGE KLEIN DIRECTOR/CHAIRMAN 2.00 X 0 0 0 PENNY ABEYWARDENA DIRECTOR 1.00 X 0 0 0 BRUCE GELB DIRECTOR 1.00 X 0 0 0 JOEL M SILVERMAN DIRECTOR 1.00 X 0 0 0 CARL WEISBROD EX OFFICIO DIRECTOR 1.00 X 0 0 0 VICKI BEEN EX OFFICIO DIRECTOR 1.00 X 0 0 0 ROBERT ABRAMS DIRECTOR 1.00 X 0 0 0 JAN BURMAN DIRECTOR 1.00 X 0 0 0 MICHELE L CLARKE-CERES DIRECTOR (THROUGH 9/24/15) 1.00 X 0 0 0 JONATHAN D FARKAS DIRECTOR 1.00 X 0 0 0 THOMAS S GULOTTA DIRECTOR 1.00 X 0 0 0 AMABEL B JAMES DIRECTOR 1.00 X 0 0 0 SAMUEL NATAPOFF DIRECTOR 1.00 X 0 0 0 JOSEPH RUTIGLIANO DIRECTOR 1.00 X 0 0 0 ANDY K SHENOY DIRECTOR 1.00 X 0 0 0 MARJORIE TIVEN DIRECTOR (THROUGH 1/31/15) 1.00 X 0 0 0 ROBERT B COLE SENIOR VP/GENERAL COUNSEL 40.00 X 196425 0 74150 KENNETH COOPERSMITH VICE PRESIDENT 40.00 X 168020 0 57303 FRANCES HUPPERT VICE PRESIDENT 40.00 X 151934 0 34258 JORGE ORTIZ CONTROLLER/TREASURER 40.00 X 140415 0 52050 WAYNE STRIKER DIRECTOR OF DESIGN AND CONSTRUCTION 40.00 X 124852 0 26762 781646 0 244523 5 0 1 0 HARVARD MAINTENANCE INC 570 7TH AVENUE NEW YORK NY 10018 CLEANING 3649916 UNIVERSAL PROTECTION SERVICE LLC 26375 NETWORK PLACE CHICAGO IL 60673 SECURITY 1245638 CASEY FIRE SYSTEMS INC 39-27 59TH STREET WOODSIDE NY 11377 FIRE COMMAND SYSTEM 817742 MSA SECURITY 9 MURRAY STREET NEW YORK NY 10007 SECURITY 471180 REAVIS PARENT LEHRER LLP 41 MADISON AVENUE NEW YORK NY 10010 LEGAL 388625 14 BUILDING RENTAL 532000 43452119 43452119 43452119 125200 125200 43577319 43452119 0 125200 824958 824958 3444596 2694352 750244 110920 110920 165927 165927 87580 87580 70613 70613 128433 128433 46250 46250 53410 53410 81971 81971 10386154 10386154 3418519 3418519 5343857 5343857 776472 597696 178776 WRITE-OFF OF DEV. COSTS 14388849 14388849 CONTRACT SECURITY 2714938 2714938 REPAIRS AND MAINTENANCE 1716701 1716701 MISCELLANEOUS 486101 486101 89619 89619 44335868 41817780 2518088 0 700 700 11147806 10900842 326583 2814494 2652651 3468963 147095848 103029888 61464358 44065960 55545128 60363437 33148348 32140515 164285574 153754911 7261647 3585969 206300 833888 92289616 86128247 4135444 3626904 103893007 94175008 X 0 0 43302937 42366273 17089630 17213630 60392567 59579903 164285574 153754911 -758549 -54115 0 X 0 1 X 1 0 X 141931852 100557359 41374493 1340399 998823 341576 3823597 1473706 2349891 44065960 NET INVESTMENT IN CAPITAL LEASE 32064131 ACCRUED INTEREST RECEIVABLE 76384 32140515 ACCRUED INTEREST ON BONDS OF 1978 AND 1980 53167 ACCRUED INTEREST ON BONDS OF 2009, SERIES A 1947944 LONG TERM LIABILITIES 1625793 3626904 43523204 -54115 -54115 43577319 0 43577319 44335868 0 44335868 0 44335868 X X X 0 0 0 0 0 0 0 0 0 ROBERT B COLE SENIOR VP/GENERAL COUNSEL 196425 0 0 0 0 0 40575 0 33575 0 270575 0 0 0 KENNETH COOPERSMITH VICE PRESIDENT 168020 0 0 0 0 0 33900 0 23403 0 225323 0 0 0 FRANCES HUPPERT VICE PRESIDENT 151934 0 0 0 0 0 30000 0 4258 0 186192 0 0 0 JORGE ORTIZ CONTROLLER/TREASURER 140415 0 0 0 0 0 28745 0 23305 0 192465 0 0 0 WAYNE STRIKER DIRECTOR OF DESIGN AND CONSTRUCTION 124852 0 0 0 0 0 15967 0 10795 0 151614 0 0 0 A UNITED NATIONS DEVELOPMENT CORPORATION 132626199 911157KN4 2009-10-23 111475000 REFUNDING BONDS 0 0 0 A 119739160 116972093 9585238 1919426 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: UNITED NATIONS DEVELOPMENT CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 10/28/2014 FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT SUBMITS THE FORM 990 IN DRAFT FORM TO THE AUDIT COMMITTEE FOR REVIEW AND DISCUSSION AT AN AUDIT COMMITTEE MEETING. WHEN APPROVED BY THE AUDIT COMMITTEE, THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW ALONG WITH A RECOMMENDATION FROM THE AUDIT COMMITTEE FOR APPROVAL OF THE FORM 990 FOR FILING. AT A BOARD MEETING, THE BOARD OF DIRECTORS CONSIDERS THE FORM 990 AND APPROVES IT FOR FILING OR TAKES OTHER ACTION. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE SUBJECT TO THE CORPORATION'S CODE OF ETHICAL CONDUCT. COMPLIANCE WITH THE CODE IS MONITORED AND ENFORCED BY MANAGEMENT. BOARD MEMBERS ARE SUBJECT TO THE CORPORATION'S CODE OF ETHICS FOR DIRECTORS AND THE CORPORATION'S CORPORATE GOVERNANCE GUIDELINES, BOTH OF WHICH REQUIRE THEM TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST AND TO RECUSE THEMSELVES FROM ANY DECISION RELATING TO ANY SUCH CONFLICT. IN ADDITION, BOARD MEMBERS ARE REQUIRED TO ANSWER QUESTIONS REGARDING COMPLIANCE WITH THE CORPORATION'S CODE OF ETHICS IN THE FORM OF AN ANNUAL STATEMENT REGARDING CONFLICTS OF INTEREST. BOARD MEMBERS ARE REQUIRED TO PARTICIPATE IN NEW YORK STATE APPROVED CORPORATE GOVERNANCE TRAINING WITHIN ONE YEAR OF APPOINTMENT TO THE BOARD. BOARD MEMBERS, AND OFFICERS AND EMPLOYEES WHOSE ANNUAL RATE OF COMPENSATION IS IN EXCESS OF A PREDETERMINED THRESHOLD, ARE REQUIRED TO FILE ANNUAL FINANCIAL DISCLOSURE STATEMENTS WITH THE STATE OF NEW YORK AND TO PARTICIPATE IN A STATE-MANDATED ETHICS TRAINING PROGRAM. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO IS APPOINTED BY THE CHAIRMAN OF THE BOARD OF DIRECTORS IN CONSULTATION WITH THE MAYOR OF THE CITY OF NEW YORK. THE PRESIDENT/CEO'S COMPENSATION IS SET FORTH IN HIS EMPLOYMENT CONTRACT WHICH IS REVIEWED AND APPROVED BY THE CORPORATION'S GOVERNANCE AND COMPENSATION COMMITTEE. THE OFFICERS OTHER THAN THE PRESIDENT/CEO ARE ELECTED ANNUALLY BY RESOLUTION OF THE BOARD, AND THEIR COMPENSATION AND BENEFITS ARE DETERMINED BY THE GOVERNANCE AND COMPENSATION COMMITTEE. THE GOVERNANCE AND COMPENSATION COMMITTEE ANNUALLY REVIEWS THE CORPORATION'S COMPENSATION PROGRAM INCLUDING DATA RELATING TO COMPENSATION OF SENIOR MANAGEMENT AT COMPARABLE NEW YORK STATE GOVERNMENTAL ENTITIES. MINUTES ARE KEPT OF ALL MEETINGS OF THE GOVERNANCE AND COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 THE CORPORATION WILL PROVIDE COPIES OF ITS FORM 990 TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 AS REQUIRED BY NEW YORK STATE LAW, THE CORPORATION MAKES CERTAIN DOCUMENTS, INCLUDING ITS CORPORATE GOVERNANCE GUIDELINES, AUDITED FINANCIAL STATEMENTS AND CODE OF ETHICAL CONDUCT FOR EMPLOYEES (INCLUDING PROVISIONS ON CONFLICTS OF INTEREST), AVAILABLE TO THE PUBLIC BY POSTING THEM ON ITS WEBSITE.