2016-11-15T16:30:24-06:00 2015-12-31 221478099 COHNREZNICK LLP 1301 Avenue of the Americas New York NY 10019 990 2015-01-01 911884698 ndc housing & economic development corporation - group return NDCH 2126821106 one battery park plaza No 710 new york NY 10004 robert w davenport president & CEO 2126821106 2016-11-15 1 THOMAS LANNING P00851654 2122970400 2015 2017-02-10 21:41:12Z X robert w davenport one battery park plaza No 710 new york NY 10004 97968464 1 1 9219 X www.ndconline.org X 1988 VA NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION'S MISSION IS TO CREATE 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. 15 13 0 2 0 0 15267161 3882487 81075202 90119447 -14871732 -19935370 0 1084019 81470631 75150583 1552618 2218184 0 0 0 1026336 0 0 0 101207135 96521189 102759753 99765709 -21289122 -24615126 1220666029 1145379211 1215322198 1110976891 5343831 34402320 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 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 GOVERNMENTS, AND TO PROMOTE SOCIAL WELFARE. 0 0 1120412 987869 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. LOW INCOME HOUSING: 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 A TOTAL OF 9,000 UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE LOW INCOME HOUSING TOTALING $1.4 BILLION OF INVESTMENT IN LOW INCOME COMMUNITIES IN 30 STATES ACROSS THE NATION.IN 2015 THROUGH OUR LOW INCOME HOUSING DEVELOPMENT AND INVESTMENT ACTIVITIES, HEDC CONSTRUCTED OR RENOVATED 241 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 $20 MILLION. THE FOLLOWING IS A SAMPLING OF HEDC AFFORDABLE HOUSING PROJECTS COMPLETED IN 2015:AUGUSTA, ME - CONY FLATIRON SENIOR RESIDENCE THE CONY FLATIRON BUILDING A THREE-STORY BUILDING HAD SERVED AS A SCHOOL UNTIL 2006. IN 2014, HEDC WORKING WITH HOUSING INITIATIVES OF NEW ENGLAND A LOCAL NON-PROFIT, CONFIRMED THE STRONG NEED FOR ADDITIONAL SENIOR HOUSING IN AUGUSTA. UTILIZING MAINE STATE HOUSING AUTHORITY TAX CREDITS AND SEVERAL GRANTS THE SCHOOL WAS RENOVATED INTO 48 UNITS OF QUALITY AFFORDABLE SENIOR HOUSING. ALL UNITS ARE BEING PROVIDED TO SENIORS WHOSE INCOME IS BELOW 60% OF AMI. OF THE 48 UNITS IN THE PROJECT FORTY-ONE ARE 1-BR'S. OF THESE, 25 WILL BE SET ASIDE FOR RESIDENTS AT 50% OF AMI OR BELOW. THE OTHER 16 WILL BE AT 60% OF AMI. SEVEN OF THE UNITS WILL BE 2-BR'S. FOUR OF THESE WILL BE AT 50% AMI AND THE OTHER THREE AT 60%.NORTHHAMPTON, MA- NORTHHAMPTON HEIGHTS ALFNORTHHAMPTON HEIGHTS ALF IS PROVIDING 43-UNITS OF AFFORDABLE ASSISTED LIVING IN NORTHAMPTON, MA. HEDC ALONG WITH THE MASSACHUSETTS DEVELOPMENT FINANCE AUTHORITY PROVIDED THE FINANCING TO DEVELOP THIS PROJECT. 17 UNITS ARE SET ASIDE FOR RESIDENTS WITH INCOMES BELOW 30% OF AMI AND 26 FOR RESIDENTS WITH INCOMES BELOW 60% OF AMI. "ASSISTED LIVING" IS INTENDED FOR SENIORS WHO NEED SOME ASSISTANCE IN THE ACTIVITIES OF DAILY LIFE BUT DO NOT NEED TO BE IN A HEALTH CARE FACILITY. IT PROVIDES A SENIORS WITH THE AN OPTION BETWEEN INDEPENDENT LIVING PROJECT AND A NURSING HOME. THE SITE LOCATED IN A VILLAGE HILL REDEVELOPMENT AREA, FORMERLY HOUSED A STATE HOSPITAL. FREELAND, WA - SUNNY VIEW VILLAGE APARTMENTSCOMPLETED IN 2015 SUNNY VIEW VILLAGE APARTMENTS IS PROVIDING ONE, TWO AND THREE BEDROOM APARTMENTS TO THIS COMMUNITY WHERE SINCE 1993 THERE HAS BEEN LITTLE INVESTMENT IN MULTI-FAMILY HOUSING. DURING A 2013 POINT IN TIME SURVEY, ISLAND COUNTY HAD 126 HOMELESS INDIVIDUALS AND FAMILIES, AND ANOTHER 285 WHO WERE LIVING WITH FAMILY OR FRIENDS. SUNNY VIEW HAS ADDED 19 UNITS AT 50%AMI AND 6 UNITS AT 60% AMI. SUNNY VIEW HAS SET ASIDE 7 OF ITS 25 UNITS FOR HOMELESS/VERY LOW INCOME FAMILIES. THESE 7 UNITS HAVE PROJECT BASED SECTION 8 RENTAL SUBSIDIES. VIA A MEMORANDUM OF UNDERSTANDING WITH THE HOUSING AUTHORITY OF ISLAND COUNTY (THE PROJECT'S SPONSOR), THE NON-PROFIT OPPORTUNITY COUNCIL PROVIDES REFERRALS, CASE MANAGEMENT AND OTHER SERVICES AT NO COST TO THE PROJECT. THESE SERVICES WILL CONTINUE UNTIL RESIDENTS EITHER NO LONGER NEED THEM OR THEY TRANSITION TO THE HOUSING AUTHORITY'S FAMILY SELF-SUFFICIENCY PROGRAM. 91802769 67286717 TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS, FACILITIES, OR WORKS TO LESSEN THE BURDEN OF GOVERNMENT ANDTO PROMOTE SOCIAL WELFARE LESSENING THE BURDENS OF GOVERNMENT: HEDC ALSO PARTNERS WITH UNITS OF LOCAL GOVERNMENT TO ERECT AND MAINTAIN PUBLIC BUILDINGS, MONUMENTS, FACILITIES, AND WORKS TO LESSEN THE BURDENS OF GOVERNMENT AND TO PROMOTE SOCIAL WELFARE. IN TOTAL, HEDC HAS DEVELOPED AND FINANCED MORE THAN THIRTY PROPERTIES COSTING MORE THAN $2 BILLION ON BEHALF OF LOCAL GOVERNMENT INCLUDING PUBLIC BUILDINGS AND CITY HALLS, EDUCATIONAL AND MEDICAL RESEARCH FACILITIES, STUDENT HOUSING, AND PUBLIC INFRASTRUCTURE.DURING 2015, HEDC UNDERTOOK THE FOLLOWING PROJECTS UNDER THE MISSION OF LESSENING THE BURDENS OF GOVERNMENT. 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 INCLUDES 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 CURRENT PROPOSED PROJECT IS WASHINGTON BIOMEDICAL RESEARCH PROPERTIES 3.2 (WBRP 3.2). WBRP 3.2 WILL BE AN EIGHT-STORY, APPROXIMATELY 157,000 SF BIOMEDICAL FACILITY THAT WILL BE CONSTRUCTED OVER THE FOUNDATION AND PARKING FROM WBRF 3. TOTAL PROJECT COSTS ARE CURRENTLY ESTIMATED AT $143 MM. THE FINANCING FOR PHASE 3.2 CLOSED IN 2015 AND THE PROJECT BROKE GROUND. WHEN COMPLETED, PHASES I, II, AND III WOULD PROVIDE OVER 800,000 GSF OF RESEARCH AND OFFICE SPACE IN SUPPORT OF SCHOOL OF MEDICINE RESEARCH PROGRAMS.BOTHELL CITY HALL - BOTHELL, WATHE CITY OF BOTHELL WAS REQUIRED TO OFFER A CENTER OF BUSINESS TO ITS CITIZENRY. THE NEW LOCATION EVOLVED OUT OF A COMMUNITY-LED PUBLIC PLANNING PROCESS, WHICH PLACED THE NEW CITY HALL ACROSS FROM THE EXISTING POLICE FACILITIES AND MUNICIPAL COURT BUILDING, CREATING A LOCAL GOVERNMENT DISTRICT COMMON IN MANY MUNICIPALITIES ACROSS THE COUNTRY. THE NEW LOCATION ALSO PLACES CITY HALL ALONG THE COMMUNITY'S HISTORIC MAIN STREET. THE SITE IS ADJACENT TO THE FUTURE TRANSIT-FRIENDLY 185TH STREET CONNECTOR, WHICH CONNECTS DOWNTOWN TO THE REGION THROUGH MAJOR METRO, SOUND TRANSIT AND COMMUNITY TRANSIT ROUTES. BOTHELL CITY HALL IS A LEED GOLD STRUCTURE OF APPROXIMATELY 60,000 SQUARE FEET OF OFFICE AND 300 SPACES OF UNDERGROUND PARKING. BOTHELL SELECTED HEDC'S PUBLIC-PRIVATE PARTNERSHIP MODEL BECAUSE OF ITS ABILITY TO EXPEDITE DELIVERY, OFFER A TURN-KEY PRODUCT AND PROVIDE FOR A TRANSPARENT DEVELOPMENT PROCESS. THE PROJECT WAS COMPLETED IN NOVEMBER, 2015.INDIO CRIMINAL JUSTICE LAW BUILDING - RIVERSIDE, CATHE INDIO CRIMINAL JUSTICE LAW BUILDING IS LOCATED IN THE CITY OF INDIO, RIVERSIDE COUNTY, CA. THE PROJECT INVOLVED THE DEVELOPMENT OF A 90,000 SF CRIMINAL JUSTICE LAW BUILDING THAT HOUSES THE RIVERSIDE COUNTY DISTRICT ATTORNEY, PUBLIC DEFENDER, COUNTY COUNSEL, LAW LIBRARY AND OTHER RELATED USES. THE COUNTY SELECTED HEDC BECAUSE OF ITS ABILITY TO EXPEDITE DELIVERY TO ACCOMMODATE ITS SCHEDULED NEED TO RELOCATE STAFF FROM OFFICES LOCATED AT THE JAIL SITE. THE PROJECT HAS GREATLY BENEFITED THE COUNTY IN TWO WAYS. FIRST, THE PROJECT PROVIDED A COST-EFFECTIVE, TIMELY OPTION FOR RIVERSIDE COUNTY TO UPGRADE AND MODERNIZE ITS ADMINISTRATIVE OFFICES FOR ITS CRIMINAL JUSTICE ADMINISTRATIVE DIVISIONS. SECONDLY, THE RELOCATION OF THE CURRENT COUNTY JUSTICE ADMINISTRATIVE OFFICES CREATED A DEVELOPMENT OPPORTUNITY TO INCREASE AND IMPROVE CORRECTIONAL FACILITIES, WHICH WILL REDUCE THE INCIDENCE OF EARLY RELEASE ASSOCIATED WITH OVERCROWDING IN THE CA PENAL SYSTEM. THE PROJECT WAS COMPLETED IN JUNE, 2015. 3605466 2636119 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 NEW BUSINESSES AMONG DISADVANTAGED GROUPS AND WHICH REHABILITATE AND REVIVE EXISTING BUSINESSES OPERATED BY DISADVANTAGED GROUPS.STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED AREAS - HEDC WORKS WITH NONPROFIT ORGANIZATIONS AND SERVICE PROVIDERS AND UNITS OF LOCAL GOVERNMENT TO STIMULATE ECONOMIC DEVELOPMENT IN 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 86PROJECTS TOTALING OVER $1.7 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 2015, USING NEW MARKETS TAX CREDITS AND OTHER FINANCING, HEDC COMPLETED THE FOLLOWING PROJECTS TOTALING $15 MILLION OF INVESTMENT. ONCE BOTH OF THESE PROJECTS ARE COMPLETED THEY WILL CREATE 368 PERMANENT JOBS FOR DISADVANTAGED INDIVIDUALS, AND OFFERED ENTREPRENEURIAL OPPORTUNITIES TO DISADVANTAGED INDIVIDUALS. HIGHLIGHTS OF HEDC PROJECTS THAT COMPLETED IN 2015 INCLUDED:RIVIERA BEACH EVENT CENTER - RIVIERA BEACH, FLTHE NEW CONSTRUCTION OF THE 22,000 SQUARE FOOT RIVIERA BEACH EVENT CENTER WAS THE INAUGURAL COMPONENT OF THE MARINA DISTRICT REDEVELOPMENT PLAN, WHICH HAS ENABLED SUBSEQUENT PRIVATE INVESTMENT AT THE RIVIERA BEACH MARINA AND SURROUNDING NEIGHBORHOOD. THE CENTER FEATURES 6,600 SQUARE FEET OF MEETING SPACE, A GRAND LOBBY INCORPORATING GALLERY SPACE FOR COMMUNITY EXHIBITS, A VISITOR CENTER, CAFe AND SUPPORT FUNCTIONS FOR THE BROADER MARINA DISTRICT INCLUDING STORAGE AND SERVICE SPACE FOR EVENTS IN BICENTENNIAL PARK. THE PROJECT IS LOCATED IN A COMMUNITY REDEVELOPMENT AREA (CRA) AND CDFI DEEPER DISTRESSED COMMUNITY WITH UNEMPLOYMENT RATE 2.3 TIMES THE NATIONAL AVERAGE. THE PROJECT CREATED 28 CONSTRUCTION JOBS AND 98 PERMANENT JOBS.ROSWELL PARK CANCER INSTITUTE - BUFFALO, NYROSWELL PARK CANCER INSTITUTE (RPCI), IS AMERICA'S FIRST CANCER CENTER FOUNDED IN 1898 BYDR. ROSWELL PARK. THE NON-PROFIT INSTITUTE HAS BEEN PROVIDING HOSPITAL CARE TO A MEDICALLY UNDERSERVED AREA IN BUFFALO, NY FOR OVER 100 YEARS. WITH THE ASSISTANCE OF THE HEDC AND THE NMTC PROGRAM, RPCI CONSTRUCTED A 140,000 SQUARE FOOT CLINICAL SCIENCE CENTER (CSC) BUILDING ON ITS CAMPUS. THE 11-STORY CSC BUILDING CONNECTS THE MAIN HOSPITAL TO A NEW RESEARCH CENTER AND HAS EXPANDED THE INSTITUTE'S CANCER PREVENTION PROGRAM SPACE BY 100%. BENEFITS INCLUDE SPACE FOR ADMINISTRATIVE OFFICES PREVIOUSLY HELD IN THE MAIN HOSPITAL AND SPACE FOR UP TO 10,000 ADDITIONAL COMMUNITY MAMMOGRAM SCREENINGS TO BE PERFORMED EACH YEAR. THE INSTITUTE WORKED WITH SEVERAL AREA NONPROFIT AND GOVERNMENTAL ORGANIZATIONS TO RECRUIT LOW-INCOME EMPLOYEES TO FILL JOBS CREATED BY THE PROJECT. 96528647 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 X 15 13 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 13.00 37.00 X X 0 124863 40870 Angela Butler board member 1.00 49.00 X 0 146250 31676 Ann Vogt Sec/Tres/board Member 5.50 50.10 X X 0 250993 52907 Daniel Marsh III Pres/board member 1.10 54.50 X X 0 238333 70252 David J Trevisani board member 35.00 15.00 X 0 151032 54554 Gertrude Scriven board member 0.50 49.50 X 0 145057 40764 Ingrid Nardoni board member 7.50 42.50 X 0 135475 55750 John A Finke outgoing VP/board member 45.00 5.00 X X 0 611605 74910 John Linner Outgoing Board Member 1.00 49.00 X 0 0 0 John Palyo board member 1.00 49.00 X 0 209360 49732 John W Downs Outgoing Board Member 2.00 43.00 X 0 0 0 Kevin Gremse board member 1.00 49.00 X 0 202992 49481 Patricia Thomson board member 3.00 49.00 X 0 202808 65667 Robert W Davenport Chairman/board member 1.14 56.46 X X 0 311954 50281 Stephanie Dugan board member 1.00 49.00 X 0 145918 50252 STEVEN THAYER Outgoing Board Member 0.25 0.25 X 0 0 0 Svante Myrick board member 0.25 X 0 0 0 Thomas Jackson board member 1.00 49.00 X 0 164832 52038 0 3041472 739134 0 0 1 0 CITY OF SEATTLE 601 5th Ave Seattle WA 98104 Utilities 2928985 McKinstry Essention Inc 5005 3rd Ave S Seattle WA 98134 Facilities Contract/Data Center 2890499 PACIFIC BUILDING SERVICES INC 11110 Northup Way Bellevue WA 98004 Janitorial 1631305 Cascadian Building Maintenance 1331 118th Ave SE 100 Bellevue WA 98005 Janitorial 1335367 RBA Design 175 Parfitt Way SW Bainbridge Island WA 98110 Architecture/Furniture Supplier 1156004 5 5975 150716 3725796 86294 3882487 rent income 42175537 42175537 interest revenue 32431762 32431762 expesnes recoveries 11374620 11374620 developer fee income 2168951 2168951 Financial assistance 1011000 1011000 957577 957577 90119447 2882511 2882511 2525120 20292761 -2525120 -20292761 -22817881 -20292761 -2525120 parking income 1072419 1072419 Other Income 11600 11600 1084019 75150583 70910705 0 357391 2218184 2218184 799720 799720 226616 226616 2508042 2508042 670682 670682 32651 32651 7209400 7209400 77147 77147 48526888 48526888 19579604 19579604 1283101 1283101 OPERATING & MAINTENANCE 14539012 14539012 ADMINISTRATIVE EXPENSES 729020 729020 Bad Debt 715685 715685 SUPPORT OF NFP 424668 424668 225289 225289 99765709 96528647 3237062 0 11359400 7305657 92580614 178829241 39662 1882453 2807035 24406172 24287855 3317967 3134011 524003168 113489255 88454158 410513913 967481009 509532351 5188936 31144594 3780212 1220666029 1145379211 17889684 15913363 376706 353677 15227877 1103847369 999669753 3550492 4445764 89304270 75720134 1215322198 1110976891 X 5343831 34402320 5343831 34402320 1220666029 1145379211 X -24615126 313611 53360004 X 0 0 0 X 224538 4446452 3795775 152767161 3882487 165116413 100355682 119372210 128848038 81075202 90119447 519770579 100580220 123818662 132643813 233842363 94001934 684886992 0 0 0 684886992 10964515 15408944 1049553 2882511 30305523 10964515 15408944 1049553 2882511 30305523 1084019 1084019 111544735 139227606 133693366 233842363 97968464 716276534 0.95620 0.96100 0.04230 0.03900 X Schedule A, Part III, Line 12, Explanation of Other Income: Parking Fee - 2015 Amount: $ 1,072,419. Other income - 2015 Amount: $ 11,600. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11755000 11755000 474933201 106551819 368381382 20594274 2317087 18277187 10327949 4620349 5707600 6392744 6392744 410513913 SOCIAL INFRASTRUCTURE DEV. TO LESSEN THE BURDEN OF GOVT 451956358 F CDI INVESTMENT, economic development 56634951 F LOW INCOME HOUSING PROJECTS 941042 F 509532351 Due to government agencies 21343516 Security Deposits 40360 Bond Premium 23323711 Letter of Credit 15387709 Advances Payable 4141879 Due To Third Parties 4974899 PREPAID RENT 1461390 Insurance Claim Proceeds 1934072 CONSTRUCTION Funds Payable 2451263 OPERATING EXPENSE RESERVE 661335 75720134 1 Project Restore LP 24 Whitehall Street Suite 710 New York NY 10004 391943246 150716 Support Low-income housing Puget Sound Educational Service District 800 Oakesdale Ave SW Renton WA 98057 324131 Economic Development NDC Community Impact Loan Fund 24 Whitehall Street Suite 710 New York NY 10004 133678913 501(c)(3) 86294 Estimate Loans Receivable Economic Development Grow America Fund Inc 24 Whitehall Street Suite 710 New York NY 10004 133641265 501(c)(3) 100537 Economic Development NDC Housing and Economic Development Corp 24 Whitehall Street Suite 710 New York NY 10004 112933129 501(c)(3) 1981174 Operations (Econ Dev, LI Housing, lessen burdens of Gov't) 3 2 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 1 0 0 0 0 0 0 0 Adam Ennis board Member/CFO 0 124687 0 0 0 176 0 5620 0 35250 0 165733 0 0 Angela Butler board member 0 145890 0 0 0 360 0 12462 0 19214 0 177926 0 0 Ann Vogt Sec/Tres/board Member 0 249409 0 0 0 1584 0 36603 0 16304 0 303900 0 0 Daniel Marsh III Pres/board member 0 236749 0 0 0 1584 0 34450 0 35802 0 308585 0 0 David J Trevisani board member 0 150000 0 0 0 1032 0 19673 0 34881 0 205586 0 0 Gertrude Scriven board member 0 142009 0 0 0 3048 0 22810 0 17954 0 185821 0 0 Ingrid Nardoni board member 0 133907 0 0 0 1568 0 19807 0 35943 0 191225 0 0 John A Finke outgoing VP/board member 0 608557 0 0 0 3048 0 37629 0 37281 0 686515 0 0 John Palyo board member 0 209000 0 0 0 360 0 13976 0 35756 0 259092 0 0 Kevin Gremse board member 0 202440 0 0 0 552 0 14600 0 34881 0 252473 0 0 Patricia Thomson board member 0 199760 0 0 0 3048 0 30623 0 35044 0 268475 0 0 Robert W Davenport Chairman/board member 0 310100 0 0 0 1854 0 33152 0 17129 0 362235 0 0 Stephanie Dugan board member 0 145000 0 0 0 918 0 15517 0 34735 0 196170 0 0 Thomas Jackson board member 0 163800 0 0 0 1032 0 15957 0 36081 0 216870 0 0 Part I, Line 4b CERTAIN SENIOR MANAGEMENT OFFICIALS PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. There were no contributions during the year. SCHEDULE J PART II, Column C: AMOUNTS IN COLUMN C INCLUDE THE ALLOCATED EXPENSE FOR THE DEFINED BENEFIT PLAN. A TES PROPERTIES 261159878 881566AN3 2009-02-12 37317749 CONSTRUCTION 0 1 0 B CITY OF NEWBURGH IND DEV AGENCY 141742033 650861AB3 2005-11-17 21230000 CONSTRUCTION 0 0 0 C WASH ST HOUSING FINANCING 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 4250000 37317749 2612756 933161 33771832 2010 0 0 0 0 B 5660000 21230000 372076 112175 19714522 1031227 2007 0 0 1 1 C 15740000 1087318 14570263 82419 1 0 1 1 D 5195000 19035000 2086771 1285687 15662542 2005 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 Date Rebate Computation Performed Issuer Name: TES PROPERTIES Date the Rebate Computation was Performed: 06/06/2016 Issuer Name: WASH. ST. HOUSING FINANCING COMM. Date the Rebate Computation was Performed: 08/22/2016 Issuer Name: CDP KING COUNTY III Date the Rebate Computation was Performed: 06/06/2016 Issuer Name: WASHINGTON ECONOMIC DEV. FIN. AUTH. Date the Rebate Computation was Performed: 06/23/2016 Issuer Name: FYI PROPERTIES Date the Rebate Computation was Performed: 01/15/2016 Issuer Name: CDP LOS ANGELES COUNTY Date the Rebate Computation was Performed: 09/15/2016 Issuer Name: RIVERSIDE COMMUNITY PROP. DEV., INC. Date the Rebate Computation was Performed: 07/19/2016 Issuer Name: WASHINGTON ECONOMIC DEV. FIN. AUTH. Date the Rebate Computation was Performed: 01/16/2016 A CDP KING COUNTY III 133952793 14983NBD2 2007-03-08 62828180 REFUNDING 0 1 0 B NJB PROPERTIES 205535917 65486MAAS 2006-12-05 191525824 CONSTRUCTION 0 1 0 C TOP 260073671 89054QAP5 2014-06-26 49136649 CONSTRUCTION 0 1 0 D WASHINGTON ECONOMIC DEV FIN AUTH 911493002 93975WEH4 2013-12-11 28995000 REFUNDING 0 0 0 A 21595000 33695000 62828180 61916518 475149 425000 11513 1 0 1 1 B 20445000 155420000 191525824 2136771 189389053 2009 0 0 0 0 C 14935000 49136649 48867177 239100 30362 1 0 1 1 D 2905000 28995000 405166 28589834 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 B 1 0 0 0 0 0 D 0 0 0 1 0 0 0 0 0 A WASHINGTON ECONOMIC DEV FIN AUTH 911493002 93975WEH4 2013-12-11 28995000 REFUNDING 1 0 0 B FYI PROPERTIES 262473717 302716AU9 2009-08-13 306214461 CONSTRUCTION 0 1 0 C CDP LOS ANGELES COUNTY 273473882 20368RAR5 2011-05-26 44027371 CONSTRUCTION 0 1 0 D COMMUNITY PROPERTIES ALASKA INC 455454746 20401WAT9 2012-12-19 26093889 CONSTRUCTION 0 1 0 A 45685000 113780000 159465000 80659 2179466 157204875 2008 0 0 0 0 B 18495000 306214461 4398514 301815947 2011 0 0 0 0 C 8270000 44027371 1271507 42755864 2011 0 0 0 0 D 465000 20093889 544205 25549684 2014 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 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 A RIVERSIDE COMMUNITY PROP DEV INC 462556598 768870AP2 2013-10-03 44948240 CONSTRUCTION 0 1 0 B COB Properties 453455657 19075HAV4 2014-07-11 51579296 CONSTRUCTION 0 1 0 C WASHINGTON ECONOMIC DEV FIN AUTH 911493002 93975WEH4 2013-12-11 28995000 REFUNDING 0 0 0 D WASHINGTON ECONOMIC DEV FIN AUTH 911493002 93975WEH4 2013-12-11 28995000 REFUNDING 0 1 0 A 44948240 1019851 43928389 2015 0 0 0 0 B 51579296 1020679 50558617 2015 0 0 0 0 C 1885000 109205000 108183203 1021797 0 1 0 0 D 118541041 12078360 1613002 104849679 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 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 NDC IS the SOLE VOTING MEMBER OF NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION. Form 990, Part VI, Section A, line 7a NDC AS 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 11 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 HEDC VOLUNTARILY MAKES AVAILABLE ITS GOVERNING DOCUMENTS, FORM 1023, AND FORM 990 UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.ORG. Form 990, Part XI, line 9: Entities not on Prior year group return -21,757. Non GaAP number estimates 47,394,216. Dissolved entities not in group anymore -79,880. Donated Capital 5,966,425. APIC 101,000. 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 Assist Gov/Housing VA 501(c)(3) Line 9 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 9 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 NDC SUPPORT I INC one battery park plaza suite 710 New york NY 10004 134156877 Assist Gov/Housing NY 501(c)(3) Line 11a, 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 9 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 9 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 National Council For Community Development one battery park plaza suite 710 New york NY 10004 136532871 Assist Gov/Housing NY 501(c)(3) Line 9 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 9 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 NDC CORPORATE EQUITY FUND one battery park plaza suite 710 new york NY 10004 133864158 Low income housing NY N/A NDC CORPORATE EQUITY FUND II one battery park plaza suite 710 new york NY 10004 133952802 Low income housing NY N/A 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 Community Development Group Holt One Battery Park PLaza Suite 710 New York NY 10004 201643188 economic development NY N/A C 0 Community Development Group Illinois Inc One Battery Park PLaza Suite 710 New York NY 10004 201644052 economic development 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 Community Development Group III INC One Battery Park PLaza Suite 710 New York NY 10004 203673695 economic development NY N/A C 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 1 1