2015-09-10T13:45:10-05:00 2014-12-31 271728945 O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2014-01-01 133104688 NEW YORK CITY HISTORIC PROPERTIES FUND INC NEWY 2129955260 ONE WHITEHALL STREET 21ST FLOOR NEW YORK NY 10004 JOAN O CAMINS PRESIDENT 2129955260 2015-09-10 1 GARRETT M HIGGINS P00543209 2122862600 2015-09-10 2014 2016-02-25 16:41:14Z JOAN O CAMINS ONE WHITEHALL STREET 21ST FLOOR NEW YORK NY 10004 524503 0 X N/A X 1982 NY NEW YORK CITY HISTORIC PROPERTIES FUND, INC. (THE "FUND")(SEE SCHEDULE O FOR CONTINUATION)FINANCES THE RESTORATION OF HISTORIC BUILDINGS INCLUDING COOPERATIVES, NON-PROFIT ORGANIZATIONS,COMMERCIAL BUILDINGS, RELIGIOUS PROPERTIES AND PRIVATE RESIDENTIAL STRUCTURES THROUGHOUT NEW YORK CITY. 7 7 0 9 0 0 299660 325697 193879 189082 9809 8929 620 795 503968 524503 0 20000 0 0 0 0 0 0 0 455823 478535 455823 498535 48145 25968 9520694 9258664 1458270 779551 8062424 8479113 THE PRIMARY FUNCTION OF THE FUND IS TO PROVIDE FINANCIAL ASSISTANCE TO OWNERS OF LANDMARK PROPERTIES IN THE FIVE BOROUGHS OF THE CITY OF NEW YORK TO ENSURE THE LONG-TERM PRESERVATION OF HISTORIC PROPERTIES. 0 0 357694 20000 189082 THE FUND PROVIDES LOAN FINANCING AND PROJECT MANAGEMENT ASSISTANCE FOR PRESERVING PROPERTIES WITH HISTORIC VALUE IN NEW YORK. 357694 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 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 0 1 6 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X KAREN ANSIS FUND MANAGER 2129955260 ONE WHITEHALL STREET NEW YORK NY 10004 X RICHARD GARVEY PRESIDENT 2.00 X X 0 0 0 JOAN O CAMINS TREASURER 1.00 X X 0 0 0 ELI WEISS TREASURER THROUGH MAY 2014 2.00 X X 0 0 0 KATE DALY SECRETARY THROUGH OCTOBER 2014 1.00 X X 0 0 0 STEPHEN CAPUTO JR BOARD MEMBER 1.00 X 0 0 0 SARAH CARROLL BOARD MEMBER 1.00 X 0 0 0 PAGE AYRES COWLEY BOARD MEMBER 1.00 X 0 0 0 ALTHEA DUERSTEN BOARD MEMBER 1.00 X 0 0 0 CECILIA KUSHNER BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 NEW YORK LANDMARKS CONSERVANCY INC 1 WHITEHALL STREET SUITE 21 NEW YORK NY 10004 MANAGEMENT SERVICES 414973 1 193156 132541 325697 PROGRAM LOANS INTEREST 900099 189082 189082 189082 8929 8929 APPLICATION FEE 900099 795 795 795 524503 189082 0 9724 20000 20000 414973 311230 103743 18899 18899 12000 12000 1000 1000 659 659 5071 5071 366 366 851 851 24247 24247 FILING FEES 469 469 498535 357694 140841 0 115259 30367 2916400 1765587 58138 71916 4536931 5106858 1893966 2283936 9520694 9258664 13446 1380365 685863 77905 80242 1458270 779551 X 6176296 6211470 1886128 2267643 8062424 8479113 9520694 9258664 X 25968 390721 X X 0 1 X 1 0 X 191475 226234 210167 299660 325697 1253233 191475 226234 210167 299660 325697 1253233 99729 1153504 21092 17411 11705 9809 8929 68946 11325 620 795 12740 1334919 944459 0.86410 0.84170 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: APPLICATION FEE - 2012 AMOUNT: $ 510. 2013 AMOUNT: $ 620. 2014 AMOUNT: $ 795. REIMBURSED EXPENSES - 2012 AMOUNT: $ 10,815. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 LOANS TO LANDMARK PROPERTIES 5106858 F 5106858 APC CONTRACT RECEIVABLE 2267643 INTEREST RECEIVABLE 4883 LEGAL FEES RECEIVABLE 11410 2283936 DUE TO NEW YORK LANDMARKS CONSERVANCY, INC. 65571 DEFERRED INTEREST INCOME 14671 80242 X 937457 22233 390721 412954 524503 0 524503 520768 22233 22233 498535 0 498535 PART X, LINE 2: THE FUND RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FUND HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE FUND IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN APC CONTRACT RECEIVABLE 381,515. LOAN DISCOUNT AMORTIZATION 9,206. 1 NEW YORK STUDIO SCHOOL OF DRAWING PAINTING & SCULPTURE INC 8 W 8TH STREET NEW YORK NY 100119002 136167281 501(C)(3) 10000 RESTORATION OF FRONT FACADE FLUSHING MEETING HOUSE 137-16 NORTHEN BLVD FLUSHING NY 113544122 112648783 501(C)(3) 10000 INSTALLATION OF FIRE SUPPRESSION SYSTEM 2 0 PART I, LINE 2: GRANT FUNDS AWARDED TO BORROWERS ARE ADVANCED ONCE RESTORATION WORK HAS BEEN COMPLETED BY PROJECT CONTRACTOR AND INSPECTED AND ACCEPTED BY THE PROJECT ARCHITECT. THE GRANT IS ISSUED IN THE FORM OF A CHECK TO THE A) BORROWER, B) CONTRACTOR, OR C) JOINTLY TO THE BORROWER/CONTRACTOR. FORM 990, PART VI, SECTION A, LINE 3 NEW YORK LANDMARKS CONSERVANCY, INC. (NYLC) RENDERS MANAGEMENT SERVICES, PURSUANT TO A MANAGEMENT CONTRACT ("CONTRACT"), TO THE NEW YORK CITY HISTORIC PROPERTIES FUND (NYCHPF) ON A DAY-TO DAY BASIS, AND, AS DIRECTED, ADMINISTERS THE PROGRAMS AND FINANCES OF NYCHPF. NYLC, SUBJECT TO THE TERMS OF THE CONTRACT, PROVIDES THE FOLLOWING SERVICES: 1) COMPILE, ANALYZE AND MAINTAIN INFORMATION REGARDING REQUESTS FOR FINANCIAL ASSISTANCE FROM NYCHPF BY OWNERS OF HISTORICALLY OR ARCHITECTURALLY SIGNIFICANT PROPERTIES, 2) ADVISE SUCH OWNERS WITH RESPECT TO ACQUISITION OF FINANCIAL ASSISTANCE FROM NYCHPF AND OTHER SOURCES OF HISTORIC PRESERVATION FUNDING, 3) SERVE AS NYCHPF'S STAFF FOR PROCESSING, MAKING AND SERVICING LOANS IN ACCORDANCE WITH THE REQUIREMENT ESTABLISHED BY THE BOARD, AND 4) PROVIDE SUCH OTHER SERVICES AS THE CONTRACT SPECIFIES. NYLC'S ACTIVITIES UNDER THE CONTRACT IS AT ALL TIMES, SUBJECT TO THE REVIEW, DIRECTION AND CONTROL OF THE BOARD OF NYSCHPF. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF DIRECTORS OF NEW YORK CITY HISTORIC PROPERTIES FUND ENACTED AN AMENDMENT AND RESTATEMENT OF THE ORGANIZATION'S BY-LAWS TO COMPLY WITH THE PROVISIONS OF THE NEW YORK NON-PROFIT REVITALIZATION ACT OF 2013 (THE "ACT"). SOME OF THE CHANGES MADE TO THE AMENDED BY-LAWS INCLUDED THE FOLLOWING: 1) ARTICLE II, SECTION 3, NUMBER AND COMPOSITION: THE CONCEPT OF THE "ENTIRE BOARD" WAS CLARIFIED TO MEAN SEVEN DIRECTORS. 2) ARTICLE V, APPROVAL OF DIRECTOR AND OFFICER COMPENSATION: NEW ARTICLE ADDED TO PROHIBIT A DIRECTOR OR AN OFFICER FROM PARTICIPATING IN THE DELIBERATION OR VOTE AT A BOARD MEETING WHERE HIS OR HER COMPENSATION IS BEING CONSIDERED. 3) ARTICLE X, INDEMNIFICATION: ARTICLE REVISED TO FOLLOW THE MOST RECENT MODEL INDEMNIFICATION PROVISION FOR A NEW YORK NOT-FOR-PROFIT ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 THE FUND HAS ITS FORM 990 PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE: WHEN A DRAFT OF THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SUBMITTED ELECTRONICALLY TO MEMBERS OF THE ORGANIZATION'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FUND CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL BOARD MEMBERS ANNUALLY SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT TO ASCERTAIN IF ANY NEW CONFLICTS OF INTEREST HAVE OCCURRED OR WILL ARISE DURING THE YEAR; IN THE EVENT OF A CONFLICT OF INTEREST, THE BOARD MEMBER MUST IMMEDIATELY DISCLOSE THE EXISTENCE AND MATERIAL OF ANY CONFLICTS TO THE BOARD. A CONFLICTED MEMBER SHALL NOT VOTE ON THE MATTER AND REFRAIN FROM IMPROPERLY INFLUENCING THE DELIBERATION. THE MINUTES OF THE MEETING SHALL REFLECT THE MAKING OF THE DISCLOSURE, THE ABSTENTION FROM VOTING, AND WHETHER THE DIRECTOR OR MEMBER WAS PRESENT OR ABSENT WHEN THE MATTER WAS CONSIDERED. FORM 990, PART VI, SECTION C, LINE 19 THE FUND MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE AS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. FORM 990 IS ALSO AVAILABLE AT THE NEW YORK STATE OFFICE OF ATTORNEY GENERAL. IN ADDITION, FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST AT ONE WHITEHALL STREET, NEW YORK, NY 10004 OR BY CALLING THE ORGANIZATION DIRECTLY AT (212) 995-5260. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF APC CONTRACT RECEIVABLE 381,515. LOAN DISCOUNT AMORTIZATION 9,206. FORM 990, PART XII, LINE 2C: THE FUND'S MANAGEMENT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEARS.