2014-11-12T09:54:16-06:00 2013-12-31 420714325 MCGLADREY LLP 751 ARBOR WAY SUITE 200 BLUE BELL PA 19422 990 2013-01-01 232671667 TRF DEVELOPMENT PARTNERS INC TRFD 2155745800 1700 MARKET STREET 19TH FLOOR PHILADELPHIA PA 19103 MICHAEL M CRIST OFFICER 2155745800 2014-11-11 1 CHRISTOPHER M PEKULA P00734965 2156418600 2014-11-11 2013 2015-11-30 17:44:51Z MICHAEL M CRIST 1700 MARKET STREET 19TH FLOOR PHILADELPHIA PA 19103 2943596 0 X WWW.TRFDEVELOPMEMTPARTNERS.COM X 1991 PA TRF DEVELOPMENT PARTNERS ASSEMBLES LAND, PARTICIPATES IN REAL ESTATE TRANSACTIONS AND BUILDS AFFORDABLE HOMES IN COMMUNITIES THROUGHOUT THE MID-ATLANTIC, CONCENTRATING IN AREAS WHERE IT CAN CREATE OPPORTUNITIES FOR WORKING FAMILIES. 7 6 11 6 0 0 4933824 1380915 780945 1517351 12989 1834 2823289 42582 8551047 2942682 0 0 0 0 0 885513 0 0 0 1437604 1563901 1437604 2449414 7113443 493268 20156961 24104169 15247331 19278139 4909630 4826030 TRF DEVELOPMENT PARTNERS ASSEMBLES LAND, PARTICIPATES IN REAL ESTATE TRANSACTIONS AND BUILDS AFFORDABLE HOMES IN COMMUNITIES THROUGHOUT THE MID-ATLANTIC, CONCENTRATING IN AREAS WHERE IT CAN CREATE OPPORTUNITIES FOR WORKING FAMILIES. 0 0 2449414 1559933 PARTICIPATE IN REAL ESTATE TRANSACTIONS TO CREATE OPPORTUNITY FOR DISADVANTAGED FAMILIES BY DIRECTING CAPITAL INTO DISTRESSED URBAN NEIGHBORHOODS. 2449414 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 1 1 0 0 0 1 20 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 1 1 0 PA MD X MICHAEL M CRIST 2155745800 1700 MARKET STREET 19TH FLOOR PHILADELPHIA PA 19103 ARNIE GRAF TREASURER 8.00 X X 0 0 0 TAD GLENN VICE CHAIRMAN 8.00 X X 0 0 0 DONALD HINKLE-BROWN CHAIRMAN & SECRETARY 1.00 39.00 X X 0 382301 29139 JEROME SMALLEY BOARD MEMBER 8.00 X 0 0 0 ROBERT ENGLISH BOARD MEMBER 8.00 X 0 0 0 TRACEE BATTIS BOARD MEMBER 8.00 X 0 0 0 REV DR CALVIN E KEENE BOARD MEMBER 8.00 X 0 0 0 C SEAN CLOSKEY PRESIDENT 40.00 X 157734 0 22871 MICHAEL M CRIST ASSISTANT TREASURER 1.00 39.00 X 0 248507 10761 GRACIELLA P CAVICCHIA-KRAUSS VICE PRESIDENT 40.00 X 138012 0 5259 295746 630808 68030 2 0 1 0 CCM CONSTRUCTION LLC 3201 NOBLE STREET BALTIMORE MD 21224 CONSTRUCTION SERVICES 3010040 CUSTOM BUILDING SYSTEMS 200 CUSTOM AVENUE MIDDLEBURG PA 17842 CONSTRUCTION SERVICES 1180959 MODULAR CONSTRUCTION SERVICES 785 FRANKLIN AVE STE 843 FRANKLIN LAKE NJ 07417 CONSTRUCTION SERVICES 893380 CL MYLES CONTRACTING CO 429 N EUTAW ST BALTIMORE MD 21201 CONSTRUCTION SERVICES 548929 FUTURE HOME TECHNOLOGY 33 RALPH ST PORT JERVIS NY 12771 HOME TECHNOLOGY SERVICES 501578 20 350000 1030915 1380915 REAL ESTATE REVENUE 531390 1517351 1517351 1517351 2748 2748 914 -914 -914 -914 MISCELLANEOUS INCOME 525990 69175 69175 EQUITY LOSSES IN SUBSI 900099 -26593 -26593 42582 2942682 1559933 0 1834 X 323876 323876 413345 413345 9035 9035 80363 80363 58894 58894 99518 99518 46810 46810 409131 409131 1579 1579 79395 79395 -2592 -2592 55378 55378 20199 20199 374170 374170 9598 9598 PRE-DEVELOPMENT COSTS 360716 360716 BANK FEES 92664 92664 STAFF RECRUITMENT 16184 16184 STAFF TRAINING AND DEVE 1151 1151 2449414 2449414 0 0 3312929 2126056 1129771 1385764 0 1100000 24986 161245 7058578 1700 8150935 7056878 128197 -26593 0 0 7410143 12300819 20156961 24104169 290346 617870 574726 2625623 13232926 15584742 1149333 449904 15247331 19278139 X 619421 0 4290209 4826030 4909630 4826030 20156961 24104169 X 493268 -576868 X X 0 1 X 1 0 X X X X 0 0 0 THE REINVESTMENT FUND INC 232331946 501(C)(3) 1 1 1 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7051511 7051511 7067 1700 5367 7056878 PROPERTY HELD FOR DEVELOPMENT OR SALE 10384688 OTHER ASSETS 1799051 INTEREST RECEIVABLE 117080 12300819 DUE TO AFFILIATES - TRF 366469 RESERVE FUND PAYABLE 83435 449904 X PART X, LINE 2: THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME TAX FOR THE YEAR ENDED DECEMBER 31, 2013 AND 2012. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. CONSEQUENTLY, NO ACCRUAL FOR INTEREST AND PENALTIES WAS DEEMED NECESSARY FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010. X X X 0 0 0 0 0 0 0 0 0 DONALD HINKLE-BROWN CHAIRMAN & SECRETARY 0 320220 0 52000 0 10081 0 10200 0 18939 0 411440 0 0 C SEAN CLOSKEY PRESIDENT 157270 0 0 0 464 0 6419 0 16452 0 180605 0 0 0 MICHAEL M CRIST ASSISTANT TREASURER 0 227840 0 0 0 20667 0 10026 0 735 0 259268 0 0 FORM 990, PART VI, SECTION A, LINE 7A BY-LAWS, ARTICLE III, SECTION 2 STATES "THE ANNUAL MEETING OF THE SOLE MEMBER OF THE CORPORATION SHALL BE HELD AT SUCH TIME AND PLACE AS THE MEMBER MAY DETERMINE, DURING WHICH MEEETING TRF, AS THE SOLE MEMBER, SHALL ELECT THE BOARD OF DIRECTORS OF THE CORPORATION (THE "BOARD" OR "BOARD OF DIRECTORS"). ARTICLE III, SECTION 1 STATES "THE SOLE MEMBER OF THIS CORPORATION SHALL BE THE RINVESTMENT FUND (HEREINAFTER "TRF")". FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION HAS ENGAGED AN INDEPENDENT FIRM (MCGLADREY LLP) TO PREPARE FORM 990 IN ACCORDANCE WITH OUR AUDITED CONSOLIDATED FINANCIAL STATEMENTS. THE FORM 990 IS THEN REVIEWED BY MANAGEMENT AND TRF'S AUDIT AND FINANCE COMMITTEE WHICH IS A SUB-COMMITTEE OF THE FULL BOARD WITH FISCAL AND FIDUCIARY OVERSIGHT. FORM 990, PART VI, SECTION B, LINE 12C COMPREHENSIVE CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED ANNUALLY TO ALL BOARD AND COMMITTEE MEMBERS. UPON RECEIPT OF THE QUESTIONNAIRE, ALL BOARD AND COMMITTEE MEMBERS HAVE 60 DAYS TO RETURN THE COMPLETED QUESTIONNAIRE TO THE ORGANIZATION'S HUMAN RESOURCE DEPARTMENT. THE COMPLETED QUESTIONNAIRES ARE REVIEWED AND MONITORED BY THE HUMAN RESOURCE DEPARTMENT AND ANY POTENTIAL CONFLICTS ARE COMMUNICATED TO THE ORGANIZATION'S MANAGEMENT AND BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE ORGANIZATION'S CEO THROUGH A VARIETY OF SOURCES, INCLUDING COMPETITOR DATA AND SURVEYS. ADDITIONALLY, THE ORGANIZATION HAS ENGAGED THE SERVICES OF AN INDEPENDENT CONSULTANT TO PROVIDE AN OPINION ON THE REASONABLENESS OF THE COMPENSATION PLAN FOR THE CEO AND THREE TOP MANAGEMENT OFFICIALS USING COMPARATIVE DATA AND SURVEY DATA. THE OPINION LETTER FOR THE CEO COMPENSATION IS SENT DIRECTLY TO THE CHAIRMAN OF THE BOARD. THE OPINION LETTER FOR THE THREE TOP MANAGEMENT OFFICIALS IS SENT DIRECTLY TO THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT, FORM(S) 1023, 990 AND FINANCIAL STATEMENT AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST THROUGH ITS OFFICES AT 1700 MARKET STREET, 19TH FLOOR, PHILADELPHIA, PA 19103. GOVERNING DOCUMENT REQUESTS ARE EVALUATED AND PROVIDED ON A CASE BY CASE BASIS. THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE REINVESTMENT FUND'S WEBSITE. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 409,131. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 409,131. FORM 990, PART XI, LINE 9: NON-CONTROLLING CAPITAL CONTRIBUTION -576,868. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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