2015-11-10T11:53:53-06:00 2014-12-31 GRANT THORNTON LLP 757 THIRD AVE 2ND FLOOR NEW YORK NY 100172013 990 2014-01-01 133871134 Common Ground Management Corp % ANTHONY MANGIONE COMM 2123899300 505 EIGHTH AVENUE 5TH FLOOR NEW YORK NY 10018 Kevin Moran CFO 2125990100 2015-11-10 true Scott Thompsett P00741490 2125990100 2014 2016-02-25 16:41:14Z BRENDA ROSEN 505 EIGHTH AVENUE NEW YORK NY 10018 5780381 false X www.commonground.org X 1995 NY To manage affordable housing projects developed by Common Ground and its affiliated entities and to act as the central disbursement unit for Common Ground. 10 9 512 0 0 2587914 2636976 12735886 2495177 0 0 601651 648228 15925451 5780381 0 0 0 0 19000536 8435031 0 0 573990 2166528 1987983 21167064 10423014 -5241613 -4642633 18026382 19474488 58359237 64449976 -40332855 -44975488 X COMMON GROUND MANAGEMENT CORP. ("CGM") WAS ORGANIZED ON JANUARY 26, 1995, UNDER SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. CGM IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION EXEMPT FROM INCOME AND EXCISE TAXES UNDER (cont. sch o) false false 4466138 0 2495177 COMMON GROUND MANGEMENT CORPORATION "CGM" WAS ORGANIZED TO SUPPORT THE CHARITABLE MISSION OF COMMON GROUND COMMUNITY HDFC AND ITS RELATED TAX-EXEMPT AFFILIATED ORGANIZATIONS AND MANAGE COMMON GROUND AFFORDABLE HOUSING PROJECTS. CGM PROVIDES ALL FINANCIAL, ADMINISTRATIVE AND HUMAN RESOURCE SERVICES FOR COMMON GROUND. 4466138 true true false false false false false false false false true false false true true true false true false false false false false false false false false false false true false false false false false false false false false false false false true true false false false true 39 0 true 512 true false false false false false false false false false false X 10 9 false false false false false false false true true false false true true true true true true true true false NY X ANTHONY MANGIONE 2123899300 505 EIGHTH AVENUE NEW YORK NY 10018 Anthony Hannigan Board Member 0.1 0.4 X X 0 0 0 Bruce Angiolillo Secretary (Thru 12/14/14) 0.34 0.66 X X 0 0 0 Ellen Taus Treasurer (Thru 12/14/14) 0.34 0.66 X X 0 0 0 James Rubin Chairman 0.79 1.52 X X 0 0 0 Brenda E Rosen President & CEO 12.0 23.0 X X 284381 0 13894 phil Silverman Board Member (As of 2/14/14) 0.5 3.0 X 0 0 0 David Picket Board Member (as of 1/14/14) 0.5 3.0 X 0 0 0 Ben Stacks Board Member (As of 12/14/14) 0.5 3.0 X 0 0 0 David Neil Board Member (As of 6/14/14) 0.5 3.0 X 0 0 0 Richard Anzaldua board Member (as of 12/14/14) 0.5 3.0 X 0 0 0 Christopher Frissora Treasurer (As of 12/14/14) 0.34 0.66 X X 0 0 0 Robert Sideli Secretary (as of 12/14/14) 0.34 0.66 X X 0 0 0 John Mckegney CFO (Thru 7/2014) 12.0 23.0 X 105064 0 148 Kevin Moran CFO (As of 7/2014) 12.0 23.0 X 89875 0 5359 Claire Sheedy VP HOPS 34.5 0.5 X 162333 0 15332 David Beer Dir. Housing Development 34.5 0.5 X 181720 0 25264 Jeff Scheuer VP External Affairs 34.5 0.5 X 148667 0 15497 Toby Sherman Dir. Human Resources 34.5 0.5 X 174323 0 24467 Anthony Mangione Controller 35.0 2.0 X 139453 0 13851 1285816 0 113812 16 false true false Mountco Construction Develop Cor 700 White Plains Road SCARSDALE NY 10583 construction 19186410 Allied Barton Security Services PO Box 828854 PHILADELPHIA PA 19182 security 3278692 Center for Urban Community Services 1098 East 121st St 6th fl NEW YORK NY 10035 health and social 2245736 Andrews International Inc PO Box 935461 ATLANTA GA 31193 Risk Mitigation svcs 637092 Kellner Herlihy Getty Friedman LL 470 Park Ave S 7 N NEW YORK NY 10016 Legal services 545446 27 2636276 700 2636976 MANAGEMENT AND PARTNERSHIP FEES 900099 1982779 1982779 CONSULTING FEE INCOME 900099 512398 512398 2495177 0 0 0 131063 0 131063 0 131063 131063 0 0 0 0 EXPENSE WRITEOFF/REVERSALS 900099 485460 485460 MISCELLANEOUS INCOME 900099 31705 31705 517165 5780381 2495177 648228 0 0 0 0 498721 191299 280527 26895 0 6441483 2470813 3623290 347380 139052 26707 109907 2438 926209 424604 458095 43510 429566 343708 45710 40148 94499 94499 116668 28668 88000 204986 11500 193486 0 0 0 1295641 913734 309798 72109 1956 1956 468327 126747 337125 4455 269963 9932 245912 14119 0 1275217 345708 929509 16088 7711 7529 848 0 164988 14068 128832 22088 97555 97555 0 185845 185845 91522 62077 29445 CONTRACT SECURITY 577442 577442 REPAIRS & MAINTENANCE 247546 129348 118198 BAD DEBTS 45399 45399 TENANT EXPENSES 24465 24465 -3190124 -1336892 -1853232 10423014 4466138 5382886 573990 353447 767482 0 0 0 0 2050083 1612106 0 0 0 0 771094 771094 0 0 302134 300417 1481665 899613 762113 582052 0 0 0 0 0 0 0 0 13787511 15441337 18026382 19474488 5146641 3743819 0 0 182883 314358 0 0 0 0 0 0 0 0 0 0 53029713 60391799 58359237 64449976 X -40332855 -44975488 0 0 0 0 -40332855 -44975488 18026382 19474488 -4642633 X X false true X true true true X 3270589 3196670 2741601 2587914 2636976 14433750 1451383 1709817 11805744 13011442 2495177 30473563 0 0 0 4721972 4906487 14547345 15599356 5132153 44907313 0 0 0 44907313 263 19 13115 80915 131063 225375 0 263 19 13115 80915 131063 225375 0 410640 351838 1593050 245180 517165 3117873 5132875 5258344 16153510 15925451 5780381 48250561 0.93071 0.92980 0.00467 0.00210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 464350 163331 301019 731452 596269 135183 285863 140013 145850 582052 DUE FROM AFFILIATES 14601549 DEFERRED RENT 23311 SECURITY DEPOSITS 98298 OTHER ASSETS 718179 15441337 0 SECURITY DEPOSITS 11138 DUE TO AFFILIATES 60380661 60391799 X FORM 990, SCHEDULE D, PART X, LINE 2 COMMON GROUND FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. COMMON GROUND HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE TAX YEARS ENDED DECEMBER 31, 2011, 2012, 2013, AND 2014 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. COMMON GROUND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. X false false false false false false false true false Brenda E Rosen President & CEO 269381 0 15000 0 0 0 13000 0 894 0 298275 0 0 0 Claire Sheedy VP HOPS 162333 0 0 0 0 0 8336 0 6996 0 177665 0 0 0 David Beer Dir. Housing Development 181720 0 0 0 0 0 9270 0 15994 0 206984 0 0 0 Jeff Scheuer VP External Affairs 148667 0 0 0 0 0 0 0 15497 0 164164 0 0 0 Toby Sherman Dir. Human Resources 174323 0 0 0 0 0 8900 0 15567 0 198790 0 0 0 Anthony Mangione Controller 139453 0 0 0 0 0 1936 0 11915 0 153304 0 0 0 Form 990, Schedule J line 7 President & CEO, Brenda Rosen received a $15,000 bonus in calendar year 2014. This bonus was authorized by the Chairman of the Board of Directors based on Ms. Rosen's outstanding service to the organization. The President did not have any input into the awarding of the bonus. FORM 990, PART III, Line 1 SECTION 501(C)(3)OF THE INTERNAL REVENUE CODE. CGM WAS FORMED FOR THE CHARITABLE PURPOSE OF MANAGING LOW-INCOME HOUSING PROJECTS. IT IS ALSO THE central disbursement AGENT FOR ALL COMMON GROUND ENTITIES. FORM 990, PART VI, SECTION B, LINE 11 Organization's process used to review form 990 The Form 990 was prepared by an independent accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 was circulated to the full board of trustees in either paper or electronic form for discussion and comment. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service. FORM 990, PART VI, Line 12C Enforcement of Conflict of interest policy The policy and annual disclosure forms are distributed to all board members, officers and management staff. Each individual is required to sign and review the disclosure form and provide information about any relationships they may have with Common Ground Management Corp. other employees, and/or vendors that conduct business with Common Ground Management Corp. All submissions are reviewed by Human Resources to determine if a conflict exists; when a conflict arises, the individuals affected are prohibited from participating in the decision-making process related to any transaction occurring with the conflicted organization. Common Ground Management Corp. operates under the policy of its parent organization, Common Ground Community H.D.F.C., Inc Form 990, Part VI, Section B, lines 13 & 14 Common Ground Management Corp. operates under the whistleblower and document retention policy of its parent organization, Common Ground Community H.D.F.C., Inc FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS OF COMMON GROUND REVIEWS THE COMPENSATION OF THE CEO. COMMON GROUND BELIEVES THAT ITS COMPENSATION IS COMPETITIVE WITH OTHER NOT FOR PROFIT ORGANIZATIONS OF A SIMILAR SCALE AND COMPLEXITY. ON A PERIODIC BASIS, AN INDEPENDENT COMPENSATION CONSULTING FIRM PERFORMS A BENCHMARKING ANALYSIS TO ASSURE THE COMPETITIVENESS OF THE COMPENSATION STRUCTURE. ALL JOBS WITHIN COMMON GROUND ARE classified, based ON THE COMPLEXITY AND SKILL LEVEL REQUIRED FOR THE POSITION. ALL SALARIES ARE REVIEWED ON AN ANNUAL BASIS WHICH CORRESPONDS TO THE PERFORMANCE REVIEW CYCLE. Common Ground commissions a compensation study by an outside, independent compensation consultant every three years; the next study will be completed in 2016. FORM 990, PART VI, SECTION C, LINE 19 Common Ground Management Corp. makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. FORM 990 PART IX LINE 11G DESCRIPTION:SOCIAL SERVICES TO RESIDENTS TOTAL FEES:1295641 CG Windham LLC 505 Eighth Ave 5th Fl New York NY 10018 550866136 Housing NY 0 0 CGM Corp BROOK AVENUE HDFC 412217113 HOUSING NY 501(C)(3) Line 9 CGC HDFC false COMMON GROUND COMMUNITY III HDFC 134138205 HOUSING NY 501(C)(3) LINE 7 CGC HDFC false COMMON GROUND COMMUNITY II HDFC 133846708 HOUSING NY 501(C)(3) LINE 7 CGC HDFC false COMMON GROUND COMMUNITY IV HDFC 134196931 HOUSING NY 501(C)(3) LINE 7 CGC HDFC false COMMON GROUND JOBS TRAINING CORPORATION 133705243 HOUSING NY 501(C)(3) LINE 9 CGC HDFC false Webster Ave HDFC 464427531 HOUSING NY 501(C)(3) Line 11a, I CGC HDFC false COMMON GROUND OF RC CORPORATION 134074775 HOUSING NY 501(C)(3) LINE 9 CGC HDFC false COMMON GROUND VENTURES CORP 133705242 HOUSING NY 501(C)(3) LINE 9 CGC HDFC false ST MARK'S BROWNSVILLE HDFC 141971582 HOUSING NY 501(C)(3) LINE 7 CGC HDFC false BOSTON ROAD II HDFC 462751878 HOUSING NY 501(C)(3) LINE 11A, I CGC HDFC false SCHERMERHORN HOUSE HDFC 161699777 HOUSING NY 501(C)(3) LINE 11A, I CGC HDFC false CG PITT STREET HDFC 161777395 HOUSING NY 501(C)(3) LINE 11A, I CGC HDFC false HEGEMAN HOUSING HDFC 450574352 HOUSING NY 501(C)(3) LINE 11A, I CGC HDFC false 1630 Dewey Avenue HDFC 272373158 HOUSING NY 501(C)(3) LINE 11A, I cgc hdfc false COMMON GROUND COMMUNITY HDFC 113048002 HOUSING NY 501(C)(3) LINE 9 NA false CG CEDARWOODS MANAGEMENT LLC 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 273499936 REAL ESTATE NY NA N/A 0 0 false 0 false COMMON GROUND ASYLUM HTC LLC 261676496 REAL ESTATE NY NA N/A 0 0 false 0 false Chelsea GP Corporation 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 371456098 REAL ESTATE NY NA C CORP 0 0 false PRINCE GEORGE GP CORPORATION 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 133967821 REAL ESTATE NY NA C CORP 0 0 false CG HEGEMAN AVE HOUSING CORP 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 450574352 REAL ESTATE NY NA C CORP 0 0 false CG BROOK AVE HOUSING CORPORATION 505 EIGHTH AVE 5TH Fl NEW YORK NY 10018 743234267 REAL ESTATE NY NA C CORP 0 0 false PITT STREET HOUSING CORP 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 421715796 REAL ESTATE NY NA C CORP 0 0 false ST MARKS SENIOR HOUSING CORPORATION 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 262589201 REAL ESTATE NY NA C CORP 0 0 false 1630 DEWEY AVENUE MANAGING MEMBER 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 273275092 REAL ESTATE NY NA C CORP 0 0 false COMMON GROUND 410 ASYLUM LIHTC LLC 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 261676174 REAL ESTATE NY NA C CORP 0 0 false false false false true false false false false false false false true false true true false true false false