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 133846708 Common Ground Community II HDFC % 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 2016-03-07 17:11:31Z BRENDA ROSEN 505 EIGHTH AVENUE NEW YORK NY 10018 5699760 false X www.commonground.org X 1995 NY owning, rehabilitating, and managing low-income housing projects that provide social service programs to the tenants residing in the buildings. 5 3 0 0 0 2103878 2067468 219782 3904188 93058 -909610 409137 637714 2825855 5699760 0 0 0 0 0 350536 0 0 0 2719837 1934137 2719837 2284673 106018 3415087 39882573 42498567 10533279 9714263 29349294 32784304 X COMMON GROUND COMMUNITY II HDFC, INC. ("CGC II") WAS ORGANIZED ON JANUARY 26, 1995, UNDER SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. CGC II IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION EXEMPT FROM INCOME AND (Continued in Sch. O) false false 1895691 0 3904188 COMMON GROUND COMMUNITY II HDFC'S ("CGCII") PRIMARY EXEMPT PURPOSE IS TO OWN, REHABILITATE, MANAGE, MAINTAIN, AND OPERATE HOUSING AND SUPPORTIVE SERVICES FOR LOW INCOME AND FORMERLY HOMELESS TENANTS. Common Ground II HDFC's primary residence is the Prince George in Manhattan. Built in 1904, the Prince George was once one of New York City's premier hotels. After many years of decline and neglect, it was rehabilitated by Common Ground and reopened in 1999 to provide 416 units of affordable housing for low-income and formerly homeless adults and persons living with HIV/AIDS. The Prince George is now listed on the National Register of Historic Places. 1895691 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 false true false false false true 0 0 0 false false false false false false false false false false X 5 3 false false false false false false false true true false false true true true true true true false NY X ANTHONY MANGIONE 2123899300 505 EIGHTH AVENUE NEW YORK NY 10018 X James Rubin Chairman 0.33 1.98 X X 0 0 0 Brenda E Rosen President & CEO 5.0 30.0 X X 0 284381 13894 Toby Sherman Board Member/Director of HR 0.5 34.5 X 0 174323 24467 Bruce Angiolillo Secretary (Thru 12/14/14) 0.14 0.86 X X 0 0 0 Ellen Taus Treasurer (Thru 12/14/14) 0.14 0.86 X X 0 0 0 Christopher Frissora Treasurer (As of 12/14/14) 0.14 0.86 X X 0 0 0 Robert Sideli Secretary (as of 12/14/14) 0.14 0.86 X X 0 0 0 John A Mckegney CFO (Thru 7/2014) 5.0 30.0 X 0 105064 148 Kevin Moran CFO (as of 7/2014) 5.0 30.0 X 0 89875 5359 0 653643 43868 0 false true false 0 X 2067468 2067468 DEVELOPER FEE INCOME 531110 3904188 3904188 3904188 -909610 -909610 0 0 0 0 0 0 0 0 0 PROJECT GRANT ADVANCE 900099 330000 330000 REBATES/REIMBURSEMENTS 900099 140000 140000 INSURANCE SETTLEMENT 900099 100000 100000 67714 67714 637714 5699760 3904188 -271896 X 0 0 0 0 0 0 265503 264673 830 0 43794 43111 683 41239 40576 663 45500 45500 33554 9218 24336 4219 4219 0 0 0 723562 680011 43551 0 0 18160 14659 3501 0 0 217717 217717 0 0 0 0 0 0 26560 26560 CONTRACT SECURITY 360601 352055 8546 ADMINISTRATIVE OVERHEAD 146779 146779 REPAIRS & MAINTENANCE 61168 61168 BUILDING MAINTENANCE 64345 64345 231972 -74900 306872 2284673 1895691 388982 0 2780089 1539411 0 0 0 0 896203 519047 0 0 0 0 10278913 10278912 0 0 512 1081 614965 0 111370 614965 0 0 0 0 327072 -668646 0 0 25488414 30213797 39882573 42498567 315710 557816 0 0 1731035 950000 0 0 0 0 0 0 0 160500 0 0 8486534 8045947 10533279 9714263 X 29349294 32784304 0 0 0 0 29349294 32784304 39882573 42498567 3415087 19923 X false true X true true true X 795657 1529862 1301223 2103878 2067468 7798088 0 0 795657 1529862 1301223 2103878 2067468 7798088 0 7798088 36 154318 91599 93058 109373 448384 0 3739352 0 363467 409137 637714 5149670 13396142 18648719 0.58211 0.68880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 614965 614965 614965 CONTRACTUAL RESERVES 2163661 DEVELOPMENT FEE RECEIVABLE 13143436 DUE FROM AFFILIATES 14521053 ACCRUED INTEREST RECEIVABLE 385647 30213797 0 DUE TO AFFILIATES 4882005 GRANT ADVANCES 3163942 8045947 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. false false false false false false false false false Brenda E Rosen President & CEO 0 269381 0 15000 0 0 0 13000 0 894 0 298275 0 0 Toby Sherman Board Member/Director of HR 0 174323 0 0 0 0 0 8900 0 15567 0 198790 0 0 FORM 990, PART III, LINE 1 (continued...) DESCRIPTION OF ORGANIZATION MISSION: EXCISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CGC II WAS FORMED FOR THE CHARITABLE PURPOSE OF OWNING, REHABILITATING, MANAGING, MAINTAINING AND OPERATING LOW-INCOME HOUSING PROJECTS AND TO PROVIDE RELATED SOCIAL SERVICE PROGRAMS TO THE TENANTS RESIDING IN THE BUILDINGS OWNED BY RELATED ENTITIES. IN ADDITION, CGC II MAY ALSO ACQUIRE PROPERTIES FOR future development as supportive and low-income housing units. 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 Community II HDFC's other employees, and/or vendors that conduct business with Common Ground Community II HDFC. Common Ground Community II HDFC operates under the policy of its parent organization, Common Ground Community HDFC, Inc. 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. Form 990, Part VI, Section B, lines 13 & 14 Common Ground Community II HDFC operates under the whistleblower and document retention policy of its parent organization, Common Ground Community HDFC, Inc. Form 990, Part VI, Section C, Line 19 Common Ground Community II HDFC 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 VIII, Line 3 In 2013, Common Ground Community II HDFC was gifted the investors' interest in Prince George L.P.; in 2014, Common Ground recognized the full amount of the donor's equity interest as a loss in its audited financial statements. The loss recorded for the calendar year ending December 31, 2014 was -1,018,983. Form 990, Part IX Common Ground Community II, HDFC does not have its own employees or its own payroll. All employees providing services to Common Ground Community II HDFC receive their W-2s from a related organization, Common Ground Management Corporation. Expenditures reported on Part IX, Lines 7, 8, 9 and 10 represent the portion of salary and benefits expenditures allocated to Common Ground Community II HDFC based on services rendered to the organization. FORM 990 PART IX LINE 11G DESCRIPTION:SOCIAL SERVICES TO RESIDENTS TOTAL FEES:723562 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:LICENSES AND FILING FEES TOTAL EXPENSES:14225 MANAGEMENT AND GENERAL:14225 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:217747 PROGRAM SERVICES:-74900 MANAGEMENT AND GENERAL:292647 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 Webster Ave HDFC 464427531 HOUSING NY 501(C)(3) Line 11A,1 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 COMMON GROUND MANAGEMENT CORP 133871134 HOUSING NY 501(C)(3) LINE 9 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 cgc ii none -59 1005 false 0 false 1.00000 COMMON GROUND ASYLUM HTC LLC 261676496 REAL ESTATE NY cgc ii none 0 0 false 0 false 1.00000 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 cgc ii C CORP 8624265 1.00000 true 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 cgc ii C CORP 0 1129125 1.00000 true false false false true false false false false false false false false false true true true true false false