2016-04-26T11:36:35-05:00 2015-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2014-07-01 112683663 CYPRESS HILLS LOCAL DEVELOPMENT CORP CYPR 7186472800 625 JAMAICA AVENUE BROOKLYN NY 11208 MICHELLE NEUGEBAUER EXECUTIVE DIRECTOR 7186472800 2016-04-22 1 ERIC GOLDFARB P01277125 2128674000 2014 2016-08-17 19:52:53Z MICHELLE NEUGEBAUER 625 JAMAICA AVENUE BROOKLYN NY 11208 10745549 0 X WWW.CYPRESSHILLS.ORG X 1983 NY TO REVITALIZE THE CYPRESS HILLS COMMUNITY. 15 15 570 92 0 0 9795300 10383025 10000 227804 0 0 107974 123187 9913274 10734016 0 0 0 0 7626653 8722513 7500 0 258050 1923774 2026574 9557927 10749087 355347 -15071 4578510 5291439 1784123 2512123 2794387 2779316 X WITH COMMUNITY RESIDENTS LEADING THE WAY, THE MISSION OF THE CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION (CHLDC) IS TO BUILD A STRONG SUSTAINABLE CYPRESS HILLS AND EAST NEW YORK, WHERE YOUTH AND ADULTS ACHIEVE EDUCATIONAL AND ECONOMIC SUCCESS, SECURE AFFORDABLE HOUSING AND DEVELOP LEADERSHIP SKILLS TO TRANSFORM THEIR LIVES AND COMMUNITY. 0 0 7453107 YOUTH AND HUMAN SERVICES - OUR PROGRAMS INCLUDE HIGH QUALITY AFTERSCHOOL AND EXTENDED LEARNING TIME PROGRAMS AND SUMMER CAMPS FOR 1,350 CHILDREN ANNUALLY; COLLEGE AND CAREER COUNSELING, HIGH SCHOOL ARTICULATION, COLLEGE ADMISSIONS AND FINANCIAL AID ASSISTANCE, AND COLLEGE PERSISTENCE HELP SERVING 1,600 YOUNG PEOPLE; A FAMILY COUNSELING PROGRAM THAT SERVED 60 FAMILIES AND 240 INDIVIDUALS LAST YEAR; A NEW MIDDLE SCHOOL STUDENT SUCCESS CENTER ASSISTING 500 STUDENTS IN APPLYING TO MORE SELECTIVE HIGH SCHOOLS, AND SCHOOL-BASED COMMUNITY CENTERS OFFERING RECREATION, EDUCATION AND YOUTH LEADERSHIP DEVELOPMENT PROGRAMS ENROLLING 1,400 PARTICIPANTS. 1410758 227804 HOUSING AND COMMUNITY DEVELOPMENT - CHLDC COMPLETED A NEW PROJECT, CYPRESS VILLAGE, WHICH CREATED 29 NEW LOW INCOME RENTAL APARTMENTS; FIRST-TIME HOME BUYING COUNSELING AND EDUCATIONAL SEMINARS REACHING 300 RESIDENTS; FORECLOSURE PREVENTION COUNSELING AND ADVOCACY SERVING 200 FAMILIES A YEAR; AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION SERVING 400 RESIDENTS; ENGAGEMENT OF COMMUNITY RESIDENTS IN PLANNING THE FUTURE OF THE NEIGHBORHOOD; ASSISTANCE TO HOMEOWNERS IN RETROFITTING THEIR HOUSES AND SAVING ENERGY; AND MAKING CYPRESS HILLS A HEALTHIER PLACE TO LIVE BY PROVIDING NUTRITION EDUCATION, INCREASING ACCESS TO HEALTHY FOODS AND PROMOTING URBAN AGRICULTURE FOR 1,000 RESIDENTS. 475899 ECONOMIC DEVELOPMENT AND COMMUNITY ORGANIZING: WORKFORCE DEVELOPMENT, EMPLOYER ENGAGEMENT AND JOB TRAINING IN THE TRANSPORTATION AND LOGISTICS SECTOR, HIGH SCHOOL EQUIVALENCY PREP CLASSES AND CASE MANAGEMENT FOR 400 YOUNG ADULTS WITH 123 OF THESE PARTICIPANTS SECURING EMPLOYMENT; SUMMER YOUTH EMPLOYMENT AND INTERNSHIPS FOR 550 YOUNG PEOPLE; ASSISTING 120 RESIDENTS TO SECURE HEALTH INSURANCE; SUPPORTING YOUNG PEOPLE TO IMPROVE NEIGHBORHOOD PUBLIC SCHOOLS AND INCREASE THEIR ACCESS TO EDUCATIONAL RESOURCES; MOBILIZING RESIDENTS TO IMPACT GOVERNMENT'S PLANS FOR THE COMMUNITY; ORGANIZING RENTERS IN MULTI-FAMILY BUILDINGS TO OBTAIN BETTER SERVICES AND SECURE REPAIRS IN THEIR PROPERTIES. 9339764 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 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 19 0 570 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X ISMAEL DA SILVA DIRECTOR OF FINANCE 7186472800 625 JAMAICA AVENUE BROOKLYN NY 11208 HAROLD GREEN PRESIDENT 1.00 X X 0 0 0 MARISOL QUINONES VICE PRESIDENT 1.00 X X 0 0 0 LAMONT LAWES TREASURER 1.00 X X 0 0 0 SYLVIA STOVALL SECRETARY 1.00 X X 0 0 0 GRACE ANGELA BASILE BOARD MEMBER (THROUGH 12/14) 1.00 X 0 0 0 FLORENCE CHARLES BOARD MEMBER 1.00 X 0 0 0 R D GENTZLER BOARD MEMBER 1.00 X 0 0 0 IVELISSE GONZALEZ BOARD MEMBER 1.00 X 0 0 0 MELODYE HARVEY BOARD MEMBER 1.00 X 0 0 0 MICHAEL LAWES BOARD MEMBER 1.00 X 0 0 0 CLARISSA RODRIGUEZ BOARD MEMBER 1.00 X 0 0 0 JASON RODRIGUEZ BOARD MEMBER (THROUGH 12/14) 1.00 X 0 0 0 MIRIAN RODRIGUEZ BOARD MEMBER 1.00 X 0 0 0 ALEXIS SANCHEZ BOARD MEMBER 1.00 X 0 0 0 AMORY SANCHEZ BOARD MEMBER 1.00 X 0 0 0 TERESA TORO BOARD MEMBER 1.00 X 0 0 0 JASON VILLODAS BOARD MEMBER 1.00 X 0 0 0 MICHELLE NEUGEBAUER EXECUTIVE DIRECTOR 35.00 X 105146 0 22274 ISMAEL DA SILVA DIRECTOR OF FINANCE 35.00 X 92688 0 26673 197834 0 48947 1 0 0 0 0 253097 84553 6942781 3102594 10383025 DEVELOPMENT FEES 531310 227804 227804 227804 117452 2349 115103 115103 115103 4935 84553 9184 -4249 -4249 MISCELLANEOUS 900099 12333 12333 12333 10734016 227804 0 123187 255704 228907 26797 6822755 6091330 557910 173515 41216 37753 2966 497 905430 824966 57678 22786 697408 604330 73647 19431 1499 1499 33400 33400 503547 472010 21572 9965 17115 12255 4860 509734 417387 88725 3622 222896 213688 9208 360407 349152 11255 92613 88112 4501 7896 7896 28749 24436 2876 1437 86327 65354 20973 STIPENDS 59193 59193 BAD DEBT 7918 7918 95280 79798 15482 10749087 9339764 1151273 258050 124657 419731 2889834 2259215 1309874 2362086 51794 76805 865023 691421 202351 173602 4578510 5291439 856182 758826 76767 121042 850000 1614953 1174 17302 1784123 2512123 X 1591054 1585124 1203333 1194192 2794387 2779316 4578510 5291439 -15071 0 X X 0 1 X 1 1 1 X 7291787 7682287 7722064 9795300 10383025 42874463 7291787 7682287 7722064 9795300 10383025 42874463 167080 42707383 108084 104879 109948 109740 117452 550103 3557 3557 16012 11506 20360 7679 12333 67890 43496013 961745 0.98190 0.98420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 367929 269517 98412 497094 421904 75190 173602 DEFERRED RENTAL INCOME 17302 17302 X 10890115 153750 2349 156099 10734016 0 10734016 10905186 153750 2349 156099 10749087 0 10749087 PART X, LINE 2: CYPRESS HILLS HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2012 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,349. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,349. ANNUAL GALA 89488 84553 4935 3713 5321 150 89488 84553 4935 3713 5321 150 9184 -4249 FORM 990, PART VI, SECTION A, LINE 2 MICHAEL LAWES AND LAMONT LAWES HAVE A FAMILY RELATIONSHIP. ALEXIS SANCHEZ AND AMORY SANCHEZ HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT REVIEWS THE 990 TO OBTAIN AN UNDERSTANDING OF THE REPORTING REQUIREMENTS AND TO ENSURE IT IS ACCURATE AND COMPLETE. SUBSEQUENTLY, A COPY OF THE DRAFT 990 IS PROVIDED TO THE AUDIT COMMITTEE TO REVIEW. THE AUDIT COMMITTEE MEETS WITH MANAGEMENT TO DISCUSS THE 990 AND RESOLVE ANY QUESTIONS THAT MAY ARISE. THE 990 IS THEN DISTRIBUTED TO THE BOARD FOR REVIEW AND APPROVAL. UPON APPROVAL FROM THE BOARD, THE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS,OFFICERS AND EMPLOYEES REPORT ANNUALLY IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT APPEARS TO EXIST, MANAGEMENT AND THE BOARD WILL MEET WITH THE INDIVIDUAL TO OBTAIN ALL THE FACTS. SUBSEQUENTLY, A VOTE WILL ENSUE IF THE MATTER IS INDEED A CONFLICT OF INTEREST. IF IT IS FOUND TO BE A CONFLICT OF INTEREST, THE INDIVIDUAL WITH THE CONFLICT MUST REFRAIN FROM PARTICIPATING IN THE DELIBERATION AND DECISION MAKING CONCERNING THE MATTER THAT GAVE RISE TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD USES SALARY SURVEYS, AS WELL AS 990'S OF OTHER ORGANIZATIONS, TO COMPARE THE SALARIES OF ITS LEADERSHIP AND TOP MANAGEMENT STAFF TO THOSE OF OTHER ORGANIZATIONS OF SIMILAR SIZE WITHIN THE SAME INDUSTRY. THIS PROCESS WAS LAST DONE IN 2014. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ARLINGTON APARTMENTS HDFC 625 JAMAICA AVE BROOKLYN NY 11208 113166122 PROVIDE AFFORDABLE RESIDENTIAL APARTMENTS FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 9 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 1 CYPRESS HILLS COMMUNITY SCHOOL DEVELOPMENT CORPORATION INC 625 JAMAICA AVE BROOKLYN NY 11208 800003810 DEVELOPMENT OF A LOCAL SCHOOL FACILITY NY 501(C)(3) LINE 7 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 1 CYPRESS HOMES HDFC 625 JAMAICA AVE BROOKLYN NY 11208 113440887 PROVIDE AFFORDABLE HOME OWNERSHIP FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 9 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 1 CYPRESS WEST HDFC 625 JAMAICA AVE BROOKLYN NY 11208 113294777 PROVIDE AFFORDABLE RESIDENTIAL APARTMENTS FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 9 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 1 GLENMORE GARDENS HDFC 625 JAMAICA AVE BROOKLYN NY 11208 260354442 DEVELOP AFFORDABLE HOMEOWNERSHIP FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 9 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 1 CYPRESS HILLS CHILD CARE CORPORATION 625 JAMAICA AVE BROOKLYN NY 11208 113116118 PROVIDE CHILDCARE FOR LOW-INCOME FAMILIES NY 501(C)(3) LINE 7 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 1 CYPRESS HILLS SENIOR HOUSING HDFC 625 JAMAICA AVE BROOKLYN NY 11208 454567618 DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS NY 501(C)(3) LINE 9 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 1 CYPRESS MEWS HDFC 625 JAMAICA AVE BROOKLYN NY 11208 208446097 DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 9 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 1 LIBERTY APARTMENTS HDFC 625 JAMAICA AVE BROOKLYN NY 11208 270251221 DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 9 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 1 PITKIN-BERRIMAN HDFC 625 JAMAICA AVE BROOKLYN NY 11208 451263315 DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 9 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 1 CYPRESS VILLAGE HDFC 625 JAMAICA AVE BROOKLYN NY 11208 453687129 DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR LOW INCOME FAMILIES NY 501(C)(3) LINE 9 CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION 1 CYPRESS CORNERS LP 625 JAMAICA AVE BROOKLYN NY 11208 030385879 RENTAL NY N/A CYPRESS COURT ASSOCIATES LP 625 JAMAICA AVE BROOKLYN NY 11208 113317812 RENTAL NY N/A CYPRESS PLAZA GROUP LP 625 JAMAICA AVE BROOKLYN NY 11208 260556223 RENTAL NY N/A 125 FOUNTAIN AVENUE LP 625 JAMAICA AVE BROOKLYN NY 11208 770711923 RENTAL NY N/A CYPRESS VILLAGE LP 625 JAMAICA AVE BROOKLYN NY 11208 453677180 RENTAL NY N/A CYPRESS HILLS SENIOR HOUSING LP 625 JAMAICA AVE BROOKLYN NY 11208 364770200 RENTAL NY N/A CYPRESS PITKIN-BERRIMAN LP 625 JAMAICA AVE BROOKLYN NY 11208 383941158 RENTAL NY N/A CYPRESS COURT HOUSING CORPORATION 625 JAMAICA AVE BROOKLYN NY 11208 113317348 RENTAL NY CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION C 24292 1.00000 1 CYPRESS CORNERS HOUSING CORPORATION 625 JAMAICA AVE BROOKLYN NY 11208 223904722 RENTAL NY CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION C 14237 200 1.00000 1 CYPRESS PLAZA DEVELOPMENT CORPORATION 625 JAMAICA AVE BROOKLYN NY 11208 205520783 RENTAL NY CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION C 10000 43 1.00000 1 CYPRESS HILLS LIBERTY INC 625 JAMAICA AVE BROOKLYN NY 11208 263398170 RENTAL NY CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION C 32301 50 1.00000 1 CYPRESS VILLAGE HOUSING CORPORATION 625 JAMAICA AVE BROOKLYN NY 11208 453687129 RENTAL NY CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION C 332500 1.00000 1 CYPRESS HILLS HOUSING CORPORATION 625 JAMAICA AVE BROOKLYN NY 11208 113044455 RENTAL NY CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION C 1.00000 0 CYPRESS PLACE SENIOR HOUSING CORPORATION 625 JAMAICA AVE BROOKLYN NY 11208 453381849 RENTAL NY CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION C 1.00000 0 125 FOUNTAIN AVENUE LLC 625 JAMAICA AVE BROOKLYN NY 11208 770711923 RENTAL NY CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION C 64602 100 1.00000 0 PITKIN HOUSING CORPORATION 625 JAMAICA AVE BROOKLYN NY 11208 471978634 RENTAL NY CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION C 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CYPRESS PLAZA GROUP LP D 766712 CASH