2014-11-13T14:19:47-06:00 2013-12-31 990 2013-01-01 134196931 COMMON GROUND COMMUNITY IV 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 3248850 0 X WWW.COMMONGROUND.ORG X 2001 NY OWNING, REHABILITATING, AND OPERATING A TRANSITIONAL HOUSING PROJECT AT 197 BOWERY, NEW YORK CITY, CALLED THE ANDREWS. 4 4 0 0 0 0 2991403 2921935 0 58204 0 0 58674 268711 3050077 3248850 0 0 0 0 0 0 0 0 0 4156666 3979873 4156666 3979873 -1106589 -731023 17056703 15652447 18797016 18123783 -1740313 -2471336 X COMMON GROUND COMMUNITY IV H.D.F.C., INC. ("CGC IV") WAS ORGANIZED ON OCTOBER 23, 2001, UNDER SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. CGC IV IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION EXEMPT FROM INCOME AND EXCISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CGC IV WAS FORMED FOR THE CHARITABLE PURPOSE OF OWNING, REHABILITATING, AND OPERATING A HOUSING PROJECT AT 197 BOWERY, NEW YORK CITY ("ANDREWS"). CGC IV PROVIDES EMERGENCY SHELTER AND SOCIAL SERVICES FOR INDIVIDUALS TRANSITIONING FROM HOMELESSNESS TO PERMANENT HOUSING AT ANDREWS. 0 0 3382045 326915 COMMON GROUND COMMUNITY IV HDFC'S (CGC IV) PRIMARY EXEMPT PURPOSE IS TO SUPORT THE TAX-EXEMPT MISSION OF ITS AFFILIATED ORGANIZATION, COMMON GROUND COMMUNITY HDFC. IT ACCOMPLISHES THIS PURPOSE BY OWNING AND OPERATING A HOUSING PROJECT CALLED "THE ANDREWS", LOCATED AT 197 BOWERY, NEW YORK CITY, NY. 3382045 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 4 4 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 NY X ANTHONY MANGIONE 2123899300 505 EIGHTH STREET 5TH FLOOR NEW YORK NY 10018 ANTHONY HANNIGAN BOARD MEMBER 0.50 3.00 X 0 0 0 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/CHAIRMAN 1.00 7.00 X X 0 0 0 BRENDA ROSEN EXECUTIVE DIRECTOR 2.00 33.00 X 0 257034 14139 JOHN A MCKEGNEY CFO 2.00 33.00 X 0 247849 16288 0 504883 30427 0 0 1 0 0 2886935 35000 2921935 RENTAL INCOME 624200 58204 58204 58204 LOAN REFINANCING FEES 900099 268711 268711 268711 3248850 326915 0 0 1685381 1685381 5168 5168 161351 161351 208344 208344 7685 7685 153857 153857 31398 31398 5125 5125 35672 35672 562156 562156 20190 20190 TENANT EXPENSE 390383 390383 SECURITY 345270 345270 ADMIN OVERHEAD 203581 203581 REPAIR AND MAINTENANCE 97176 97176 67136 67136 3979873 3382045 597828 0 1645 106171 1269975 505572 2667 17193959 3007888 14748227 14186071 1036856 851966 17056703 15652447 753236 641447 673034 655000 11846544 11846545 5524202 4980791 18797016 18123783 X -1740313 -2471336 -1740313 -2471336 17056703 15652447 -731023 0 X X 0 1 X 1 1 1 X 2499569 2570852 3742941 2991403 2921935 14726700 2499569 2570852 3742941 2991403 2921935 14726700 14726700 1545 57854 268711 328110 15054810 278359 0.97820 0.97670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2009 AMOUNT: $ 1,545. 2010 AMOUNT: $ 910. 2013 AMOUNT: $ 268,711. FORGIVENESS OF LOAN - 2010 AMOUNT: $ 56,944. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16345184 2295555 14049629 187341 136185 51156 661434 576148 85286 14186071 LENDER RESTRICTED CASH 844096 CONTRACTUAL RESERVES 962 ADVANCES DUE FROM AFFILIATES 2883 DEPOSITS 1325 SECURITY DESPOITS 2700 851966 PREPAID RENT 638 SECURITY DEPOSITS 6728 ACCRUED INTEREST PAYABLE 141090 DUE TO AFFILIATES 4832335 4980791 X 62317320 59068470 59068470 3248850 0 3248850 63285416 59305543 59305543 3979873 0 3979873 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 AFFLIATE REVENUE 28,490,236. NOT-FOR-PROFIT ENTITY REVENUE 39,143,253. ELMINATIONS -7,520,520. NOT-FOR-PROFIT ENTITY ELIMINATION -1,044,499. PART XII, LINE 2D - OTHER ADJUSTMENTS: NOT-FOR-PROFIT ENTITY EXPENSE 36,282,005. ELIMINATIONS -4,423,208. CONSOLIDATED AFFLIATE EXPENSES 28,491,245. NOT-FOR-PROFIT ENTITY ELIMINATION -1,044,499. 0 1 0 0 0 0 0 0 0 BRENDA ROSEN EXECUTIVE DIRECTOR 0 256701 0 0 0 333 0 11551 0 2588 0 271173 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 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 XII, LINE 2C: THE SELECTION AND OVERSIGHT PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. 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