2014-03-17T15:26:56-05:00 2013-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2012-07-01 112451752 PRATT AREA COMMUNITY COUNCIL INC PRAT 7185222613 201 DEKALB AVENUE BROOKLYN NY 11205 DEBORAH HOWARD 7185222613 2014-03-12 1 FREDERICK H ROTHMAN P01275277 2128674000 2012 2015-11-30 17:44:51Z DEBORAH HOWARD 201 DEKALB AVENUE BROOKLYN NY 11205 5780343 0 X WWW.PRATTAREA.ORG X 1972 NY TO PROMOTE AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT. 13 13 94 13 0 0 2102437 2484085 2514815 2768535 4626 5923 143479 334485 4765357 5593028 0 0 0 0 3729801 3717681 0 0 171691 1986166 1577534 5715967 5295215 -950610 297813 3655891 3791720 1856937 1696867 1798954 2094853 X PACC EMBRACES A VISION IN WHICH PEOPLE STRIVE TOGETHER TO BUILD AN EQUITABLE, DIVERSE, ENGAGED AND FLOURISHING COMMUNITY IN CENTRAL BROOKLYN. IN OUR WORK AS A COMMUNITY DEVELOPMENT CORPORATION, PACC PURSUES FIVE MAJOR GOALS: FIRST, TO PRESERVE AND DEVELOP SAFE AND AFFORDABLE HOUSING, A BASIC HUMAN RIGHT; SECOND, TO SUPPORT A VIBRANT LOCAL COMMERCE THROUGH WHICH SMALL BUSINESSES SERVE THE MARKET NEEDS OF COMMUNITY RESIDENTS; THIRD, TO SUSTAIN AND DEVELOP AN ECONOMIC, RACIAL, AND CULTURAL DIVERSITY THAN CAN ENRICH THE LIVES OF ALL; FOURTH, TO PROMOTE KNOWLEDGE, INITIATIVE AND CONCERTED ACTION THAT CAN ADVANCE INDIVIDUAL AND COMMON INTERESTS; AND FIFTH, TO FOSTER AN ETHIC THAT ALL MEMBERS OF THE COMMUNITY BEAR PERSONAL RESPONSIBILITY TO CONTRIBUTE TO THE GREATER GOOD. 0 0 2083128 1726358 PROPERTY MANAGEMENT AND MAINTENANCE- PACC PROVIDES PROPERTY AND ASSET MANAGEMENT AND MAINTENANCE SERVICES TO THE AFFORDABLE HOUSING PROJECTS COMPRISED OF 54 BUILDINGS AND 841 UNITS WHICH WE HAVE DEVELOPED. OUR TENANTS INCLUDE FORMERLY HOMELESS, LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS. PACC STAFF WORK TO PRESERVE THIS PORTFOLIO AS AN AFFORDABLE HOUSING ASSET TO THE COMMUNITY BY MAINTAINING THE PHYSICAL STRUCTURE, THE FINANCIAL STABILITY AND COMPLIANCE WITH ALL OUTSIDE CITY AND STATE AGENCIES, LENDERS AND INVESTORS. STAFF INCLUDES A MANAGEMENT STAFF OF 5 INCLUDING A DIRECTOR, PROPERTY AND RESIDENT MANAGERS AND A LEASING AND OCCUPANCY SPECIALIST, 5 FINANCE STAFF INCLUDING AN ASSET MANAGER, CONTROLLER, ACCOUNTS MANAGER AND 2 BOOKKEEPERS, AND 23 MAINTENANCE STAFF INCLUDING A DIRECTOR, SUPERVISOR, DISPATCHER, SUPERINTENDENTS, HANDY MEN AND PORTERS. 1095803 AT GIBB MANSION, PACC'S 71-UNIT SUPPORTIVE HOUSING PROJECT FOR CHRONICALLY ILL AND LOW-INCOME INDIVIDUALS, WE PROVIDE RESPONSIVE AND COMPASSIONATE CARE TO THE RESIDENTS WHO CALL IT HOME. ON STAFF ARE THREE SOCIAL WORKERS, TWO CASE WORKERS, A RESIDENT MANAGER, REGISTERED NURSE, CHEF AND KITCHEN ASSISTANT, AND AN ACTIVITIES COORDINATOR. RESIDENTS RECEIVE ONE-ON-ONE COUNSELING EVERY WEEK AND CASE MANAGERS AND SOCIAL WORKERS ARE ALWAYS AVAILABLE TO HELP RESIDENTS WITH HEALTHCARE ISSUES, MONEY MANAGEMENT, AND NECESSARY ADVOCACY AND REFERRALS. GIBB MANSION IS ALWAYS BUSTLING WITH ACTIVITY; RESIDENTS SHARE FIVE FRESH, HOT MEALS PER WEEK, AND THE ACTIVITIES COORDINATOR KEEPS THE SCHEDULE FULL OF CLASSES, OUTINGS, PARTIES AND COMMUNITY EVENTS. THE COMMUNITY AT GIBB MANSION IS THRIVING, AS STAFF AND RESIDENTS WORK TOGETHER TO CREATE A POSITIVE, HEALTHY AND EMPOWERING ENVIRONMENT THAT FACILITATES HEALING AND WELLNESS. IN FISCAL YEAR 2012-2013, 72 INDIVIDUALS WERE HOUSED THERE, 50 CHRONICALLY ILL INDIVIDUALS RECEIVED CASE MANAGEMENT AND COUNSELING, AND TWO RESIDENTS BECAME READY FOR INDEPENDENT LIVING. 563141 797982 HOUSING DEVELOPMENT- SINCE 1988 PACC HAS DEVELOPED 982 UNITS OF AFFORDABLE APARTMENTS, CONDOMINIUMS, CO-OPS AND HOMES THROUGH VARIOUS FINANCING TOOLS INCLUDING LIHTCS, HOME SUBSIDIES, NYS AHC FUNDS, NYC HDC BONDS, FHLB OF NY AHP GRANTS, ETC. DURING FY2013, PACC COMPLETED CONSTRUCTION ON A 98 UNIT SUPPORTIVE HOUSING PROJECT FOR FORMERLY HOMELESS INDIVIDUALS WITH MENTAL DISABILITIES AND/OR SUBSTANCE ABUSE AND THE MODERATE REHAB OF A 71 UNIT RENT STABILIZED BUILDING WHICH W WILL BECOME A LIMITED EQUITY COOPERATIVE PLUS WE CLOSED ON AN 18 UNIT OCCUPIED HISTORIC BUILDING NOW IN CONSTRUCTION. 732145 415365 HOMEOWNER SERVICES HELPS LOW TO MODERATE INCOME RESIDENTS OBTAIN THE STABILITY THAT HOUSING AFFORDS BY PROVIDING THE INFORMATION, TOOLS AND RESOURCES TO REDUCE PERSONAL DEBT, PREPARE FOR THE PROCESS OF PURCHASING HOMES, PREVENT HOME LOSS AND MAINTAIN HABITABLE PROPERTIES. PACC'S FOUR COUNSELORS REACHED OUT TO OVER 1,350 CENTRAL BROOKLYN RESIDENTS THROUGH MORE THAN 31 WORKSHOPS AND PRESENTATIONS, REFERRING THEM TO OUR SERVICES: INDIVIDUAL COUNSELING, EDUCATIONAL SEMINARS, FINANCIAL LITERACY, HOMEBUYER WORKSHOPS AS WELL AS DIRECT LINKS TO AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES. FROM JULY 2012 TO JUNE 2013, THE HOMEOWNER SERVICES PROGRAM POSTED THE FOLLOWING ACCOMPLISHMENTS: 6 FIRST TIME HOMEBUYER WORKSHOPS WERE HELD, 277 PEOPLE ATTENDED THOSE WORKSHOPS, 121 PEOPLE RECEIVED MORTGAGE COUNSELING AND 58 RECEIVED MORTGAGES; 4 FINANCIAL EDUCATION WORKSHOPS WERE HELD, 64 PEOPLE ATTENDED, 63 PEOPLE RECEIVED FINANCIAL COUNSELING; 177 PEOPLE RECEIVED FORECLOSURE PREVENTION COUNSELING WITH BEING 52 AWARDED WITH PERMANENT MODIFICATIONS WHILE 40 PEOPLE WERE AWARDED TRIAL MODIFICATIONS.PACC'S TENANT & COMMUNITY ORGANIZING DEPARTMENT ENCOURAGES AND MOBILIZES LOCAL RESIDENTS TO IMPROVE THEIR SURROUNDINGS AND CONFRONT BROADER CONCERNS THROUGH THREE APPROACHES: COMMUNITY ORGANIZING CAMPAIGNS CONFRONTING HOUSING ISSUES FACING LOW-INCOME TENANTS: EVICTION PREVENTION WORK WHICH INCLUDES DAILY COUNSELING FOR TENANTS AND MONTHLY CLINICS; AND CODE ENFORCEMENT ORGANIZING, ASSISTING TENANTS WHO ARE DEALING WITH ALL TYPES OF CRISES RELATED TO A CRUMBLING HOUSING STOCK. DURING FISCAL YEAR 2013, PACC'S TENANT & COMMUNITY ORGANIZING DEPARTMENT HELPED PREVENT MORE THAN 35 EVICTIONS, HELD 12 TENANTS' RIGHTS WORKSHOPS , EMPOWERING 250 PEOPLE TO CHALLENGE LANDLORD NEGLECT AND HARASSMENT; FORMED 13 NEW TENANT ASSOCIATIONS, ASSISTED IN 25 TENANT ASSOCIATIONS IN OVER 25 BUILDINGS (5 OF WHICH WERE IN FORECLOSURE AND ESSENTIALLY ABANDONED BY LANDLORDS); HELD MORE THAN 25 LEAD POISONING EDUCATION COMMUNITY MEETINGS, EMPOWERING PEOPLE TO TEST THEIR HOMES FOR LEAD AND ADDRESS LEAD CONTAMINATION, AND TESTED 35 HOMES FOR LEAD POISONING, EDUCATING FAMILIES ON LEAD ABATEMENT.ECONOMIC DEVELOPMENT 732145 415365 4474217 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 37 0 94 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X ROSEMARIE WHYTE 7185222613 201 DEKALB AVENUE BROOKLYN NY 11205 SEBLE TAREKE-WILLIAMS 2.00 X X 0 0 0 KEITH GETTER 1.00 X X 0 0 0 ALTHEA WATSON 0.50 X X 0 0 0 REV DR CURTIS WHITNEY 0.50 X 0 0 0 JABIR SULUKI 0.50 X 0 0 0 LINCOLN RESTLER 0.50 X 0 0 0 RON LANGUEDOC 1.00 X 0 0 0 TAMARA MCCAW 0.50 X 0 0 0 NAIMA OYO 0.50 X 0 0 0 CLINTON KENNETH SHILLINGFORD 0.50 X 0 0 0 KUZA WOODARD 0.50 X 0 0 0 KRIS FRANKLIN 0.50 X 0 0 0 ROMY GOLDMAN 0.50 X 0 0 0 DEBORAH HOWARD 55.00 X 104144 0 17555 104144 0 17555 1 0 0 0 PRIME PROTECTION SERVICES INC 26 COURT STREET SUITE 2204 NEW YORK NY 11242 SECURITY 122787 1 1388815 1095270 2484085 MAINTENANCE REVENUE 531390 1215891 1215891 DEVELOPMENT FEES 531390 797982 797982 PROPERTY MGMT. FEES 531390 510467 510467 PARTNERSHIP MGMT. FEES 900099 153213 153213 PROJECT ADMIN. FEES 624200 44442 44442 46540 46540 2768535 5923 5923 346694 187315 159379 159379 159379 MISCELLANEOUS 900099 175106 11791 163315 175106 5593028 2939705 0 169238 130109 118216 9477 2416 2929273 2561041 228681 139551 344073 285055 48329 10689 314226 261573 43086 9567 4156 4156 52148 52148 394210 361931 31856 423 9068 5730 2138 1200 413496 368126 40511 4859 20657 17890 2767 169774 166528 2444 802 8245 5486 2642 117 24181 19757 2607 1817 32896 3 32893 37273 37273 60565 19171 41394 PROJECT ADMINISTRATIVE 254355 254355 BAD DEBT 44170 44170 RECREATION 24979 24979 27361 4376 22735 250 5295215 4474217 649307 171691 88483 672425 301550 391957 935705 731396 309924 289662 82830 305873 126048 796451 688003 141667 108448 1489859 1471784 3655891 3791720 654476 563512 138894 166952 633748 596438 176000 145682 253819 224283 1856937 1696867 X 1798954 1824853 270000 1798954 2094853 3655891 3791720 X 297813 -1914 X X 0 1 X 1 1 1 X 1931485 1983642 2160536 2102437 2484085 10662185 1931485 1983642 2160536 2102437 2484085 10662185 123250 10538935 136735 119964 120696 201844 352617 931856 47406 32339 12924 74819 173192 340680 11934721 9637278 0.88300 0.91340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 20000 20000 436063 393984 42079 14500 6646 7854 325888 287373 38515 108448 DUE FROM LIMITED PARTNERSHIPS 381994 DEVELOPER FEES RECEIVABLE 329000 PREDEVELOPMENT COSTS 218958 DEFERRED COSTS 10772 METROCARD INVENTORY 2030 DUE FROM RELATED ORGANZATIONS 529030 1471784 DUE TO RELATED ORGANIZATIONS 146672 SECURITY DEPOSITS 77611 224283 X 6065770 287341 -1914 285427 5780343 -187315 -187315 5593028 5769871 287341 187315 474656 5295215 0 5295215 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2010 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ASSET DISPOSAL -1,914. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE -187,315. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 187,315. FORM 990, PART VI, SECTION A, LINE 6 PACC IS A MEMBERSHIP ORGANIZATION; MEMBERS ARE ELIGIBLE TO VOTE IF THEY HAVE PAID THEIR ANNUAL MEMBERSHIP DUES OF $25. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. THE DIRECTORS CAN SERVE THREE TERMS OF THREE YEARS EACH. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, THE FORM 990 IS PROVIDED TO THE FULL BOARD. IT IS DISCUSSED BY THE BOARD'S FINANCE COMMITTEE WHICH THEN PROVIDES A RECOMMENDATION TO THE BOARD TO ACCEPT OR REVISE THE FORM. MANAGEMENT THEN MAKES ANY REVISIONS REQUIRED AND RESUBMITS FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MUST COMPLETE A CONFLICT OF INTEREST FORM EVERY YEAR WHICH IS KEPT ON FILE. IF THERE ARE ANY INCIDENTS OF CONFLICT, WHICH THERE ARE NOT, THAT DIRECTOR WOULD BE RECUSED FROM VOTING ON THE MATTER. IF IT IS FOUND THAT A DIRECTOR HAS PERSONALLY BENEFITED FROM KNOWLEDGE OR RELATIONSHIPS GAINED THROUGH THEIR ROLE AS DIRECTOR, THEY WILL BE REMOVED FROM THE BOARD FORM 990, PART VI, SECTION B, LINE 15 THE BOARD USES COMPARABLES FOR NYS NONPROFIT ORGANIZATIONS OF SIMILAR REVENUE AND ACTIVITIES PROVIDED BY NYCON TO SET SALARY RANGES. THIS PROCESS WAS CONDUCTED IN 2013. FORM 990, PART VI, SECTION C, LINE 19 PACC'S GOVERNING DOCUMENTS (CERTIFICATE OF INCORPORATION AND BY-LAWS) ARE AVAILABLE UPON REQUEST AND ARE ON THE NYS CHARITIES BUREAU WEBSITE AND NYC'S HHS ACCELERATOR SITE. OUR AUDITED FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST TO THE PUBLIC, SENT TO ALL OF OUR FUNDERS AND POSTED ON GUIDESTAR. ALL POLICIES ARE AVAILABLE UPON REQUEST AND PROVIDED TO OUR EMPLOYEES AND OUR BOARD. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: LOSS ON ASSET DISPOSAL -1,914. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 218 ST JAMES HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 113440912 OWNER OF LOW INCOME RENTAL APARTMENTS NY 501(C)(3) LINE 11A, I PACC INC 1 236 GREENE AVENUE HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 113267272 OWNER OF LOW INCOME RENTAL APARTMENTS NY 501(C)(3) LINE 9 PACC INC 1 GAP HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 113099585 OWNER OF LOW INCOME RENTAL APARTMENTS NY 501(C)(3) LINE 9 PACC INC 1 GATEWAY HOUSING COPORATION 201 DEKALB AVENUE BROOKLYN NY 11205 113583988 OWNER OF LOW INCOME RENTAL APARTMENTS NY 501(C)(3) LINE 11A, I PACC INC 1 265 HAWTHORNE HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 271921872 OWNER OF LOW INCOME RENTAL APARTMENTS NY APPLICATION PENDING LINE 9 PACC INC 1 409 GRAND AVENUE HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 201876837 OWNER OF LOW INCOME RENTAL APARTMENTS NY PACC INC C -23267 926072 1.00000 0 942 KENT AVENUE HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 202646555 OWNER OF LOW INCOME RENTAL APARTMENTS NY PACC INC C 34866 158891 1.00000 0 QUINCY STREET HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 263606395 OWNER OF LOW INCOME RENTAL APARTMENTS NY PACC INC C -102408 9771738 1.00000 0 PACC HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 912105355 OWNER OF LOW INCOME RENTAL APARTMENTS NY PACC INC C -34903 4567179 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 265 HAWTHORNE HDFC L 261199 COST PACC HDFC L 87317 COST QUINCY STREET HDFC L 265412 COST GAP HDFC L 53368 COST GATEWAY HOUSING CORPORATION L 64623 COST