2014-11-13T14:19:48-06:00 2013-12-31 990 2013-01-01 133846708 COMMON GROUND COMMUNITY II HDFC COMM 2123899300 505 EIGHTH AVENUE 5TH FLOOR NEW YORK NY 10018 KEVIN MORAN CFO 2123899300 2014-11-12 1 P00851654 2122970400 2013 2015-11-30 17:44:51Z BRENDA ROSEN 505 EIGHTH AVENUE 5TH FLOOR NEW YORK NY 10018 2825855 0 X WWW.COMMONGROUND.ORG X 1995 NY THE TENANTS RESIDING IN THE BUILDINGS. OWNING, REHABILITING, MANAGING, MAINTAINING AND OPERATING LOW-INCOME HOUSING PROJECTS AND PROVIDING RELATED SOCIAL SERVICE PROGRAMS TO. 5 3 0 0 0 0 1301223 2103878 14616 219782 91599 93058 363467 409137 1770905 2825855 0 0 0 0 0 0 0 0 0 1543731 2719837 1543731 2719837 227174 106018 39055076 39882573 9811800 10533279 29243276 29349294 X COMMON GROUND COMMUNITY II H.D.F.C., 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 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. 0 0 2206210 628919 COMMON GROUND COMMUNITY II HDFC'S ("CGCII") PRIMARY EXEMPT PURPOSEIS TO OWN, REHABILITATE, MANAGE, MAINTAIN, AND OPERATE HOUSING ANDSUPPORTIVE SERVICES FOR LOW INCOME AND FORMERLY HOMELESS TENANTSRESIDING IN THE BUILDINGS OWNED BY THE FOLLOWING LIMITEDPARTNERSHIPS, OF WHICH THE GENERAL PARTNER OR CONROLLING MEMBER ISOWNED BY CGCII: PRINCE GEORGE ASSOCIATES LP, BROOK AVENUE HOUSINGLP, HEGEMAN AVENUE HOUSING LP, PITT STREET LP,CG 410 ASYLUM LLC, 1630 DEWEY AVE MANAGING MEMBER, COMMON GROUND CEDARWOODS LLC, AND 410 ASYLUMSTREET HISTORIC LP. IN ADDITION, CGCII MAY ALSO ACQUIREPROPERTIES FOR FUTURE DEVELOPMENT AS SUPPORTIVE AND LOW-INCOMEHOUSING UNITS. 2206210 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 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 5 3 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 NY X ANTHONY MANGIONE 2123899300 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 BRENDA ROSEN EXECUTIVE DIRECTOR/BOARD MEMBER 5.00 30.00 X X 0 257034 14139 BRUCE ANGIOLILLO SECRETARY 0.50 3.80 X X 0 0 0 ELLEN TAUS TREASURER 0.50 3.50 X X 0 0 0 JAMES RUBIN PRESIDENT/CHAIR 1.00 7.00 X X 0 0 0 TOBY SHERMAN BOARD MEMBER/DIRECTOR OF HR 1.00 36.00 X 0 156287 25388 JOHN A MCKEGNEY CFO 5.00 30.00 X 0 247849 16288 0 661170 55815 0 0 1 0 0 2098878 5000 2103878 DEVELOPMENT FEE INCOME 531110 735137 735137 INVESTMENTS IN PARTNER 531110 -515355 -515355 219782 93058 93058 FORGIVNESS OF DEBT 900099 330000 330000 CSA PAYMENTS 900099 52708 52708 OTHER 900099 26429 26429 409137 2825855 628919 0 93058 X 462002 459547 2455 105464 14996 90468 12930 12930 954434 735880 218554 35714 30535 5179 190136 190136 55624 55624 SECURITY 415447 415447 BAD DEBT 191287 191287 OVERHEAD 152472 152472 REPAIRS AND MAINTANENCE 70004 70004 74323 68639 5684 2719837 2206210 513627 0 1462 2780089 563223 896203 512 111370 0 2077871 111370 842427 327072 35570093 35767327 39055076 39882573 287985 315710 4443943 1731035 5079872 8486534 9811800 10533279 X 29243276 29349294 29243276 29349294 39055076 39882573 106018 0 X X 0 1 X 1 1 1 X 5032712 795657 1529862 1301223 2103878 10763332 5032712 795657 1529862 1301223 2103878 10763332 10763332 7107 36 154318 91599 93058 346118 4056 3739352 363467 409137 4516012 15625462 14744531 0.68880 0.67870 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2009 AMOUNT: $ 4,056. 2012 AMOUNT: $ 5,467. 2013 AMOUNT: $ 79,137. FOREGIVENESS OF DEBT INCOME - 2010 AMOUNT: $ 332,778. 2012 AMOUNT: $ 330,000. 2013 AMOUNT: $ 330,000. SALE OF HISTORIC TAX CREDITS - 2010 AMOUNT: $ 3,410,224. DEVELOPMENT FEE - 2010 AMOUNT: $ -3,650. 2012 AMOUNT: $ 28,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 111370 111370 111370 CONTRACTUAL RESERVES 2474862 DEVELOPMENT FEE RECEIVABLE 10004209 DUE FROM AFFLIATES 22995808 ACCRUED INTEREST 292448 35767327 DUE TO AFFILIATES 4992591 GRANT ADVANCES 3493943 8486534 X 62317320 59622031 59622031 2695289 130566 130566 2825855 63285416 60565579 60565579 2719837 0 2719837 PART X, LINE 2: COMMON GROUND HAS NO UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2013. COMMON GROUND'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2010 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, COMMON GROUND WILL RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS GENERAL AND ADMINISTRATIVE EXPENSES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. THERE WERE NO INTEREST OR PENALTIES FOR THE YEAR ENDED DECEMBER 31, 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED AFLLIATE REVENUE 28,490,236. NOT FOR PROFIT REVENUE 39,696,814. CONSOLIDATED ELIMINATION -7,520,520. NFP ELIMINATION -1,044,499. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF HASA GRANTS 130,566. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED AFFLIATE EXPENSE 28,491,245. NOT FOR PROFIT EXPENSE 37,672,538. CONSOLIDATED ELIMINATION -4,423,208. BROOK AVE ELIMINATION 69. RECLASS OF HASA GRANTS -130,566. NFP ELIMINATION -1,044,499. 0 1 0 0 0 0 0 0 0 BRENDA ROSEN EXECUTIVE DIRECTOR/BOARD MEMBER 0 256701 0 0 0 333 0 11551 0 2588 0 271173 0 0 TOBY SHERMAN BOARD MEMBER/DIRECTOR OF HR 0 156015 0 0 0 272 0 7104 0 18284 0 181675 0 0 JOHN A MCKEGNEY CFO 0 245167 0 0 0 2682 0 12897 0 3391 0 264137 0 0 PART I, LINE 4B COMMON GROUND SPONSORS A 457(B) NON-QUALIFIED DEFERRED COMPENSATION RETIREMENT PLAN THAT COVERS CERTAIN ELIGIBLE EMPLOYEES. WHILE THERE WERE NO CONTRIBUTIONS FROM THE ORGANIZATION TO THE PLAN THE INCREASES IN ACCOUNT VALUE FOR THE FOLLOWING INDIVIDUALS FOR THE YEAR ENDED 12/31/13 ARE AS FOLLOWS: JOHN MCKEGNEY - $5,339 BRENDA ROSEN - $2,570 FORM 990, PART VI, SECTION B, LINE 11 ALL 990'S ARE PREPARED BY COHNREZNICK LLP'S TAX DEPARTMENT AND REVIEWED BY A TAX PARTNER AT COHNREZNICK LLP. THE 990'S MUST AGREE TO THE AUDITED FINANCIAL STATEMENTS. DRAFTS ARE SUBMITTED TO CGC'S CFO FOR REVIEW, AFTER WHICH FINAL RETURNS ARE PRODUCED. THE 990'S ARE REVIEWED BY THE BOARD, ALONG WITH CGC'S CFO AND EXECUTIVE DIRECTOR. FINAL RETURNS ARE AUTHORIZED AND E-FILED BY COHNREZNICK LLP. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART IX, LINE 11G CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 735,880. MANAGEMENT AND GENERAL EXPENSES 218,554. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 954,434. FORM 990, PART XII, LINE 2C: THE SELECTION AND OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION B, 12A, 12B, 12C, 13, 14: THE ORGANIZATION FOLLOWS THE POLICIES OF ITS' PARENT ORGANIZATION COMMON GROUND COMMUNITY HDFC, HOWEVER IT HAS NOT FORMALLY ADOPTED THEM AS ITS' OWN POLICIES. FORM 990, PART VII, SECTION A, LINE 1B: TOBY SHERMAN RECEIVED COMPENSATION FOR THE PERFORMANCE OF SERVICES TO COMMON GROUND MANAGEMENT CORP AS THE DIRECTOR OF HUMAN RESOURCES, ABOUT 35 HOURS PER WEEK. TOBY SHERMAN DID NOT RECEIVE COMPENSATION AS A BOARD MEMBER FOR COMMON GROUND COMMUNITY II HDFC OR BROOK AVENUE HDFC, FOR EACH OF WHICH SHE WORKED ABOUT 1 HOUR PER WEEK. BOSTON ROAD II HDFC 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 462751878 HOUSING NY 501(C)(3) LINE 11A, I COMMON GROUND COMMUNITY HDFC 0 BROOK AVENUE HDFC 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 412217113 HOUSING NY 501(C)(3) LINE 9 COMMON GROUND COMMUNITY HDFC 0 CG PITT STREET HDFC 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 161777395 HOUSING NY 501(C)(3) LINE 11A, I COMMON GROUND COMMUNITY HDFC 0 COMMON GROUND COMMUNITY HDFC 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 113048002 HOUSING NY 501(C)(3) LINE 9 N/A 0 COMMON GROUND COMMUNITY III HDFC 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 134138205 HOUSING NY 501(C)(3) LINE 7 COMMON GROUND COMMUNITY HDFC 0 COMMON GROUND COMMUNITY IV HDFC 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 134196931 HOUSING NY 501(C)(3) LINE 7 COMMON GROUND COMMUNITY HDFC 0 COMMON GROUND JOBS TRAINING CORPORATION 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 133705243 HOUSING NY 501(C)(3) LINE 9 COMMON GROUND COMMUNITY HDFC 0 COMMON GROUND MANGEMENT CORP 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 133871134 HOUSING NY 501(C)(3) LINE 9 COMMON GROUND COMMUNITY HDFC 0 COMMON GROUND OF RC CORPORATION 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 134074775 HOUSING NY 501(C)(3) LINE 9 COMMON GROUND COMMUNITY HDFC 0 COMMON GROUND VENTURES CORP 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 133705242 HOUSING NY 501(C)(3) LINE 9 COMMON GROUND COMMUNITY HDFC 0 HEGEMAN HOUSING HDFC 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 450574352 HOUSING NY 501(C)(3) LINE 11A, I COMMON GROUND COMMUNITY HDFC 0 SCHERMERHORN HOUSE HDFC 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 161699777 HOUSING NY 501(C)(3) LINE 11A, I COMMON GROUND COMMUNITY HDFC 0 ST MARK'S BROWNSVILLE HDFC 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 141971582 HOUSING NY 501(C)(3) LINE 7 COMMON GROUND COMMUNITY HDFC 0 WEBSTER AVE HDFC 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 464427531 HOUSING NY 501(C)(3) LINE 11A, I COMMON GROUND COMMUNITY HDFC 0 COMMON GROUND ASYLUM HTC LLC 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 261676496 REAL ESTATE NY COMMON GROUND COMMUNITY II HDFC 0 0 1 1.00000 COMMON GROUND CEDARWOODS MANAGEMENT LLC 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 273499936 REAL ESTATE NY COMMON GROUND COMMUNITY II HDFC 0 0 1 1.00000 1630 DEWEY AVENUE MANAGING MEMBER 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 273275092 REAL ESTATE NY N/A C 0 CG BROOK AVE HOUSING CORPORATION 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 743234267 REAL ESTATE NY N/A C 0 CG HEGEMAN AVE HOUSING CORP 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 450574352 REAL ESTATE NY N/A C 0 CHELSEA GP CORPORATION 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 371456098 REAL ESTATE NY N/A C 0 COMMON GROUND 410 ASYLUM LIHTC LLC 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 261676174 REAL ESTATE NY COMMON GROUND COMMUNITY II HDFC C 1129224 1.00000 1 PITT STREET HOUSING CORP 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 421715796 REAL ESTATE NY N/A C 0 PRINCE GEORGE GP CORPORATION 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 133967821 REAL ESTATE NY COMMON GROUND COMMUNITY II HDFC C 1383 9631110 1.00000 1 ST MARKS SENIOR HOUSING CORPORATION 505 EIGHTH AVE 5TH FL NEW YORK NY 10018 262589201 REAL ESTATE NY N/A C 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0