2013-05-13T11:05:17-05:00 2012-06-30 133034831 ARTHUR J GIGLIO CPA 250 EAST HARTSDALE AVENUE SUITE 34 HARTSDALE NY 10530 990 2011-07-01 132792409 THE COMMUNITY PRESERVATION CORPORATION COMM 2128695300 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 100167943 KEVIN MORAN 2128695300 2013-05-06 1 ROGER DEVRIES P00233256 9147237743 2013-05-06 2011 2016-02-24 21:20:13Z RAFAEL E CESTERO 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 100167943 52258229 0 X WWW.COMMUNITYP.COM X 1974 NY TO COMBAT COMMUNITY DETERIORATION, PROMOTE THE GENERAL WELFARE, AND LESSEN THE BURDENS OF GOVERNMENT BY PROVIDING FINANCING FOR LOW & MODERATE INCOME HOUSING. 15 15 160 0 0 24961 2682766 2259072 66992996 49454141 342249 230974 0 0 70018011 51944187 2385002 2460359 0 0 17456710 15319544 0 0 0 107822439 58597137 127664151 76377040 -57646140 -24432853 1281599138 1152788419 1217361519 1111768376 64237619 41020043 TO COMBAT COMMUNITY DETERIORATION, PROMOTE THE GENERAL WELFARE, AND LESSEN THE BURDENS OF GOVERNMENT BY PROVIDING FINANCING FOR LOW & MODERATE INCOME HOUSING. 0 0 62871016 2460359 49685115 THE COMMUNITY PRESERVATION CORPORATION (CPC) IS A PRIVATE NOT-FOR-PROFIT MORTGAGE LENDER SPECIALIZING IN THE FINANCING OF LOW AND MODERATE INCOME HOUSING. CPC'S MISSION IS TO WORK WITH GOVERNMENT TO PRESERVE AND DEVELOP AFFORDABLE HOUSING IN NEW YORK, NEW JERSEY, AND CONNECTICUT. IN ITS 38 YEARS OF EXISTENCE, CPC HAS FINANCED THE REHABILITATION OR CONSTRUCTION OF 145,253 AFFORDABLE HOUSING UNITS. DURING THE YEAR ENDED JUNE 30, 2012, CPC ORIGINATED $286,377,969 OF PUBLIC AND PRIVATE FUNDS REPRESENTING FINANCING ON 2,572 UNITS. 62871016 1 1 0 1 0 0 0 0 1 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 0 1 3485 0 1 160 1 1 1 0 0 0 0 0 0 0 X 15 15 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X KEVIN MORAN 2128695300 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 100167943 MICHAEL D LAPPIN 22.70 X X 361684 787228 60549 MICHAEL HEGARTY 0.00 X X 0 0 0 RICHARD C DEZEGO 0.00 X 0 0 0 THOMAS GARBUTT 0.00 X 0 0 0 TODD A GOMEZ 0.00 X 0 0 0 RICHARD M GUNTHEL 0.00 X 35000 0 0 ALEXANDER BV JOHNSON 0.00 X 0 0 0 PHILIP L MILSTEIN 0.00 X 0 0 0 ROBERT J MUELLER 0.00 X 15000 0 0 GREGORY R REIMERS 0.00 X 0 0 0 ARTHUR H SETER 0.00 X 0 0 0 JOHN SOMERS 0.00 X 15000 0 0 RAFAEL E CESTERO 0.00 X 0 0 0 JOHN M MCCARTHY 34.70 X 355445 173845 58932 SADIE MCKEOWN 35.00 X 212377 52665 61494 RICHARD A KUMRO 26.30 X 209449 161981 52987 KEVIN T MORAN 27.90 X 158449 40315 14223 FRANK CREAMER 31.70 X 145618 15328 136 CAROLYN AU 35.00 X 208688 52665 45999 CHRISTOPHER P BETTS 35.00 X 165575 0 39580 MARY A BRENNAN 35.00 X 401385 52665 24890 ROSE BROWNE 35.00 X 158750 26332 6956 RICHARD P CONLEY 35.00 X 209760 52665 46536 BRUCE S DALE 35.00 X 193180 52665 55012 ALICE J DUNN 28.50 X 223304 50473 43450 JOHN P GREENE 35.00 X 388836 52665 17975 CHRISTOPHER R HOOKE 35.00 X 161911 0 37383 DIANNA LOOK 35.00 X 177299 52665 49934 THOMAS P MCGRATH 33.60 X 206877 61284 50017 DOUGLAS L OLCOTT 35.00 X 158312 0 41049 NICHOLAS V PETRAGNANI JR 35.00 X 135267 0 36492 ANITA A PINS 35.00 X 227773 0 19323 ROBERT L RIGGS 35.00 X 183747 0 45625 MICHAEL A WALSH 35.00 X 229892 0 22898 RONALD W SCHIFERL 26.80 X 113716 33131 30413 BARBARA A BAER 24.50 X 118226 50668 21970 RICHARD P BONVICINO 27.90 X 27032 6878 4646 LYNN BRADLEY 35.00 X 137160 0 23951 CLARE R CASHELL 28.50 X 76506 17525 41844 ANDREW J D'AGOSTINO 35.00 X 85681 0 12662 JAIME SHARROCK 0.00 X 0 0 0 CECELIA ELLEN DOYLE 28.50 X 116311 26289 21249 OKSANA GABER 35.00 X 95846 0 29625 RENEE JIN 11.40 X 39117 81244 29876 ERIKA N LAKE 23.00 X 32181 72951 41529 PATRICK B LOCKHART 28.00 X 110875 27719 33876 SUSAN C MCCLURE 28.50 X 193847 44402 56488 KATHLEEN A MURPHY 35.00 X 121007 0 8858 CHRISTOPHER D O'KEEFE 28.50 X 147074 33689 31119 ANDREW PADIAN 35.00 X 127622 0 35756 BRENDA D RATLIFF 33.20 X 113746 22445 25691 HELENE S RUDOLPH 35.00 X 160208 0 38805 JAMES L RYKOWSKI 35.00 X 17333 0 3297 MARY SCHOUENBORG-PADEN 35.00 X 118929 0 27768 ANNEMARIE C UEBBING 35.00 X 8197 0 1115 DANIEL J WHEELER 35.00 X 135298 0 37514 KATHLEEN A DUNN 1.70 X 13598 448677 47206 MARY E ENRIGHT 0.30 X 2294 353804 22006 SUSAN M POLLOCK 17.50 X 115551 168216 51890 WILLIAM A BURKE 13.90 X 102025 154162 34976 DEBORAH A WIDERKEHR 7.40 X 34265 128680 25240 7302223 3355921 1570810 37 0 1 0 GREEN HOMES AMERICA LLC 801 HIAWATHA BLVD E SYRACUSE NY 13208 CONSTRUCTION 1056020 IBM CORPORATION PO BOX 643600 PITTSBURGH PA 15264 INFORMATION TECHNOLOGY 1039040 CAPSTONE ADVISORY GROUP LLC 250 PEHLE AVENUE SADDLE BROOK NJ 07663 CONSULTING 898284 KOSLOWSKY CONSTRUCTION INC 4700 SOUTH ONANDOGA ROAD NEDROW NY 13120 CONSTRUCTION 887271 KPMG LLP PO BOX 120001 DALLAS TX 75312 AUDITORS 672248 23 2258072 1000 2259072 MORTGAGE LOAN INTEREST 522292 35053628 35053628 SERVICING FEES 522390 7224480 7224480 MORTGAGE LOAN COMMITME 522292 2733488 2733488 PENALTY & LATE CHARGES 522390 2044660 2044660 GAIN ON SALE OF LOANS 522292 1510543 1510543 887342 887342 49454141 178108 178108 284708 284708 0 0 82200 29334 52866 52866 52866 51944187 49685115 0 0 2445359 2445359 15000 15000 8812532 5163542 3648990 4742616 3505937 1236679 446699 330326 116373 537168 409927 127241 780529 525179 255350 1805058 1805058 799150 799150 105966 105966 3851941 1104229 2747712 131579 10535 121044 728574 342698 385876 1034921 706461 328460 1768117 1124414 643703 213381 135697 77684 24298 15452 8846 26933020 26933020 2395890 2049585 346305 399710 399710 LOAN LOSS RESERVE INCRE 13237209 13237209 OTHER LOAN-RELATED EXPE 4438652 4438652 TEMPORARY OFFICE HELP 390381 248258 142123 EMPLOYMENT AGENCY FEES 185486 185486 153804 23570 130234 76377040 62871016 13506024 0 85588141 205986458 149599234 78213872 2252950 1760323 559454 506331 10405063 6103121 5331211 4301942 31669202 32239362 982056058 792901938 9330008 9395889 15212880 27482304 1281599138 1152788419 5952211 6792663 207052443 210339421 589001677 494407921 404923696 370609786 10431492 29618585 1217361519 1111768376 X 64237619 41020043 64237619 41020043 1281599138 1152788419 X -24432853 1215277 X X 0 1 1 X 0 X 23400 31010 58843 2682766 2241931 5037950 89456986 76002911 73727524 66992996 49507007 355687424 89480386 76033921 73786367 69675762 51748938 360725374 0 3381902 3087200 4109666 1258689 1304450 13141907 3381902 3087200 4109666 1258689 1304450 13141907 347583467 1082481 187866 44253 336178 178108 1828886 1082481 187866 44253 336178 178108 1828886 90562867 76221787 73830620 70011940 51927046 362554260 0.95870 0.95290 0.00500 0.00820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 10000 0 0 1 260000 0 0 270000 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: LOBBYING IS NOT A SUBSTANTIAL PART OF THE ACTIVITIES OF THE CORPORATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2012, OFFICERS OF THE CORPORATION DID LOBBY WITH RESPECT TO FEDERAL, STATE, AND LOCAL LEGISLATION RELATING TO AFFORDABLE HOUSING ISSUES, AND THE CORPORATION RETAINED THE SERVICES OF LEGAL COUNSEL IN ALBANY TO REPRESENT ITS INTERESTS WITH RESPECT TO STATE LEGISLATION AND IN WASHINGTON, DC, WITH RESPECT TO FEDERAL LEGISLATIONS, AS WELL AS RETAINING A CONSULTANT IN NEW YORK CITY FOR MATTERS RELATED TO LOCAL LEGISLATION. DIRECT LOBBYING EXPENSES OF THIS NATURE FOR THE FISCAL YEAR ENDED JUNE 30, 2012, TOTALED LESS THAN $110,000. LOBBYING EXPENSES OF CORPORATION OFFICERS FOR THE PERIOD (INCLUDING REIMBURSEMENT OF TRAVEL EXPENSES AND A PER HOUR PRORATION OF OFFICERS' SALARIES) ARE ESTIMATED TO HAVE BEEN LESS THAN $150,000 AND EXPENSES FOR MAILINGS ARE ESTIMATED AT LESS THAN $10,000. THE CORPORATION'S TOTAL LOBBYING EXPENDITURES FOR THE FISCAL YEAR ENDED JUNE 30, 2012, ARE THEREFORE ESTIMATED TO HAVE BEEN LESS THAN $270,000. 0 1 221939 202440 19499 1851424 1660181 191243 8331700 4240500 4091200 4301942 CONSTRUCTION LOANS, NET OF RESERVE 253954471 C CONSTRUCTION LOAN PARTICIPATIONS 294241285 C PERMANENT MORTGAGE LOANS 35001776 C PERMANENT LOAN PARTICIPATIONS 209704406 C 792901938 DUE TO PARTICIPANTS 29618585 29618585 51944187 76377040 -24432853 1215277 1215277 -23217576 74758496 37344951 37344951 37413545 14530642 14530642 51944187 97976072 36129674 36129674 61846398 14530642 14530642 76377040 PART IV, LINE 2B: THE CORPORATION MAKES CONSTRUCTION LOANS AND PERMANENT MORTGAGE LOANS TO BORROWERS FOR LOW AND MODERATE INCOME HOUSING. IN CONJUNCTION WITH THOSE LOANS, THE CORPORATION HOLDS BORROWER FUNDS IN ESCROW FOR THE PAYMENT OF REAL ESTATE TAXES, PROPERTY INSURANCE PREMIUMS, INSPECTION FEES, AND OTHER LOAN-RELATED ITEMS. IN ADDITION, THE CORPORATION HOLDS FUNDS BELONGING TO NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT AND CERTAIN OTHER GOVERNMENT AGENCIES, WHICH PARTICIPATE IN CERTAIN OF THE CORPORATION'S LOANS, FOR FUTURE LOAN ADVANCES TO BORROWERS ON BEHALF OF THOSE AGENCIES. AT JUNE 30, 2012, THE CORPORATION HELD APPROXIMATELY $128 MILLION OF BORROWER ESCROW FUNDS AND APPROXIMATELY $82 MILLION OF GOVERNMENT AGENCY FUNDS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: EFFECTIVE JULY 1, 2009, THE CORPORATION USES A MORE-LIKELY THAN NOT THRESHOLD FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR TO BE TAKEN IN A TAX RETURN. IN ACCORDANCE WITH THE ACCOUNTING GUIDANCE ON THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE CORPORATION ASSESSED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS AS OF JUNE 30, 2012, WHICH ARE FROM JULY 1, 2008 THROUGH JUNE 30, 2011. THE CORPORATION CONCLUDED THAT IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS TO BE RECOGNIZED AT THIS TIME. IF THERE ARE INTEREST AND PENALTIES ON TAX POSITIONS, THE CORPORATION'S POLICY IS TO CLASSIFY THESE AS GENERAL AND ADMINISTRATIVE EXPENSES. PART XI, LINE 8 - OTHER ADJUSTMENTS: EQUITY IN NON-EXEMPT SUBSIDIARIES 1,215,277. PART XII, LINE 2D - OTHER ADJUSTMENTS: INCOME OF NON-EXEMPT SUBSIDIARIES INCLUDED IN CONSOLIDATED AUDIT 37,344,951. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS UNREALIZED LOSS ON FMV OF LOANS 11,499,000. RECLASS FAIR VALUE ADJUSTMENT - REO 3,014,501. RECLASS REIMBURSEMENT OF GRANT EXPENSES 17,141. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF NON-EXEMPT SUBSIDIARIES INCLUDED IN CONSOLIDATED AUDIT 36,129,674. PART XIII, LINE 4B - OTHER ADJUSTMENTS: RECLASS UNREALIZED LOSS ON FMV OF LOANS 11,499,000. RECLASS FAIR VALUE ADJUSTMENT - REO 3,014,501. RECLASS REIMBURSEMENT OF GRANT EXPENSES 17,141. 1 BOULEVARD APARTMENTS LLC 112 HIGH STREET HOOSICK FALLS NY 12090 223892567 30000 CDFI GRANT UNDER NEW YORK STATE PROGRAM RURAL ULSTER PRESERVATION COMPANY INC 289 FAIR STREET KINGSTON NY 10940 222368174 501(C)(3) 150000 CDFI GRANT UNDER NEW YORK STATE PROGRAM HONOR EHG INC 38 SEWARD AVENUE MIDDELETOWN NY 10940 141596731 501(C)(3) 48000 CDFI GRANT UNDER NEW YORK STATE PROGRAM NEWBURGH VENTURES CORP PO BOX 533 WALLKILL NY 12589 161521405 10000 CDFI GRANT UNDER NEW YORK STATE PROGRAM 203-207 GREEN STREET LLC PO BOX 100596 BROOKLYN NY 11210 026035257 18129 CDFI GRANT UNDER NEW YORK STATE PROGRAM AUBURN HOUSING AUTHORITY 20 THORNTON AVENUE AUBURN NY 13021 156002494 CITY OF AUBURN 43306 COST WEATHERIZATION IMPROVEMENTS NEW YORK STATE WEATHERIZATION GRANT SYRACUSE HOUING AUTHORITY 427 TULLY STREET SYRACUSE NY 13204 156001224 CITY OF SYRACUSE 491380 COST WEATHERIZATION IMPROVEMENTS NEW YORK STATE WEATHERIZATION GRANT TWO PLUS FOUR MANAGEMENT 6320 FLY ROAD SYRACUSE NY 13057 161140398 115551 COST WEATHERIZATION IMPROVEMENTS NEW YORK STATE WEATHERIZATION GRANTNEW YORK STATE WEATHERIZATION GRANT WATERTOWN ASSOCIATES LLC 207 WEALTHA AVENUE WATERTOWN NY 13601 141628442 272737 COST WEATHERIZATION IMPROVEMENTS NEW YORK STATE WEATHERIZATION GRANT WESTCHESTER PARK ASSOCIATES 201 JOHN JAMES AUDOBON PKWY AMHERST NY 14221 161135728 1002367 COST WEATHERIZATION IMPROVEMENTS NEW YORK STATE WEATHERIZATION GRANT STRYKER HOUSING DEVELOPMENT FUND CO INC 2 LOOP ROAD AUBURN NY 13021 161397267 501(C)(3) 139493 COST WEATHERIZATION IMPROVEMENTS NEW YORK STATE WEATHERIZATION GRANT CIVILL SENIOR HOUSING ASSOCIATES LP 40 BEAVER STREET ALBANY NY 12207 141757998 124396 COST WEATHERIZATION IMPROVEMENTS NEW YORK STATE WEATHERIZATION GRANT 5 7 CDFI GRANTS UNDER NEW YORK STATE PROGRAM 5 15000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE CORPORATION MAKES GRANTS FROM ITS OWN FUNDS FROM TIME TO TIME TO NON-PROFITS WITH WHICH THE CORPORATION COLLABORATES IN CARRYING OUT ITS TAX-EXEMPT PURPOSES. EXAMPLES INCLUDE THE NEW YORK HOUSING CONFERENCE, THE NATIONAL ASSOCIATION OF AFFORDABLE HOUSING LENDERS, THE CITIZENS HOUSING AND PLANNING COUNCIL, AMONG MANY OTHERS. THE GRANTS ARE RELATIVELY MODEST IN AMOUNT, AND HELP MEET THE OPERATING BUDGETS OF THE GRANTEES. THE CORPORATION ALSO DEPLOYS FUNDS AWARDED TO IT IN THE EARLY 2000'S UNDER THE U.S. TREASURY'S COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) PROGRAM. THE CORPORATION'S AWARDS FROM CDFI TOTALED $5,000,000 OVER THE COURSE OF THE PROGRAM, AND WERE EXPENDED IN GRANTS AND LOANS TO PROPERTIES IN TARGET AREAS WHERE THE CORPORATION WAS ALSO AN ACTIVE LENDER. THE PURPOSES, AMOUNTS, AND PROPERTIES WERE IDENTIFIED IN REGULAR REPORTS SUBMITTED TO THE U.S. TREASURY DURING THE AWARDS' REQUIRED REPORTING PERIOD, WHICH HAS NOW EXPIRED. WHEN FUNDS FROM THE ORIGINAL CDFI GRANTS WERE DISBURSED AS LOANS ON INDIVIDUAL PROPERTIES, AND THOSE LOANS WERE SUBSEQUENTLY REPAID, THE CORPORATION HAS RE-DEPLOYED THE FUNDS FOR COMMUNITY DEVELOPMENT PURPOSES. THE CORPORATION ALSO MAKES PASS-THROUGH GRANTS UNDER A NEW YORK STATE WEATHERIZATION ASSISTANCE PROGRAM. X X X X X 1 1 1 0 1 0 1 0 0 MICHAEL D LAPPIN 309266 166528 0 0 52418 620700 20703 11148 18654 10044 401041 808420 0 0 JOHN M MCCARTHY 325172 2457 0 0 30273 171388 31611 239 26879 203 413935 174287 0 0 SADIE MCKEOWN 194905 0 0 0 17472 52665 30043 0 31451 0 273871 52665 0 0 RICHARD A KUMRO 192431 64144 0 0 17018 97837 23888 7963 15852 5284 249189 175228 0 0 KEVIN T MORAN 144566 36783 0 0 13883 3532 0 0 11338 2885 169787 43200 0 0 FRANK CREAMER 138366 14565 0 0 7252 763 0 0 123 13 145741 15341 0 0 CAROLYN AU 193716 0 0 0 14972 52665 28119 0 17880 0 254687 52665 0 0 CHRISTOPHER P BETTS 147893 0 0 0 17682 0 21944 0 17636 0 205155 0 0 0 MARY A BRENNAN 105685 0 0 0 295700 52665 17030 0 7860 0 426275 52665 0 0 ROSE BROWNE 42798 0 0 0 115952 26332 6562 0 394 0 165706 26332 0 0 RICHARD P CONLEY 190805 0 0 0 18955 52665 27755 0 18781 0 256296 52665 0 0 BRUCE S DALE 165000 0 0 0 28180 52665 26520 0 28492 0 248192 52665 0 0 ALICE J DUNN 203882 46083 0 0 19422 4390 25978 5872 9461 2139 258743 58484 0 0 JOHN P GREENE 105209 0 0 0 283627 52665 16703 0 1272 0 406811 52665 0 0 CHRISTOPHER R HOOKE 154239 0 0 0 7672 0 15570 0 21813 0 199294 0 0 0 DIANNA LOOK 159977 0 0 0 17322 52665 24700 0 25234 0 227233 52665 0 0 THOMAS P MCGRATH 184017 7667 0 0 22860 53617 27830 1160 20186 841 254893 63285 0 0 DOUGLAS L OLCOTT 140887 0 0 0 17425 0 21307 0 19742 0 199361 0 0 0 NICHOLAS V PETRAGNANI JR 127237 0 0 0 8030 0 17500 0 18992 0 171759 0 0 0 ANITA A PINS 100002 0 0 0 127771 0 14750 0 4573 0 247096 0 0 0 ROBERT L RIGGS 166425 0 0 0 17322 0 24771 0 20854 0 229372 0 0 0 MICHAEL A WALSH 212476 0 0 0 17416 0 0 0 22898 0 252790 0 0 0 RONALD W SCHIFERL 95990 27686 0 0 17726 5445 14355 4410 8911 2737 136982 40278 0 0 BARBARA A BAER 111202 47658 0 0 7024 3010 13699 5871 1680 720 133605 57259 0 0 LYNN BRADLEY 115076 0 0 0 22084 0 17797 0 6154 0 161111 0 0 0 CECELIA ELLEN DOYLE 95142 21504 0 0 21169 4785 15004 3391 2328 526 133643 30206 0 0 RENEE JIN 33561 69704 0 0 5556 11540 5250 10903 4460 9263 48827 101410 0 0 PATRICK B LOCKHART 95999 24000 0 0 14876 3719 14830 3708 12270 3068 137975 34495 0 0 SUSAN C MCCLURE 173911 39836 0 0 19936 4566 25914 5936 20046 4592 239807 54930 0 0 CHRISTOPHER D O'KEEFE 133005 30466 0 0 14069 3223 19303 4422 6016 1378 172393 39489 0 0 ANDREW PADIAN 119699 0 0 0 7923 0 16112 0 19644 0 163378 0 0 0 BRENDA D RATLIFF 91548 4818 0 0 22198 17627 15221 801 9186 483 138153 23729 0 0 HELENE S RUDOLPH 143771 0 0 0 16437 0 21840 0 16965 0 199013 0 0 0 DANIEL J WHEELER 126166 0 0 0 9132 0 18304 0 19210 0 172812 0 0 0 KATHLEEN A DUNN 12447 244982 0 0 1151 203695 1540 30310 742 14614 15880 493601 0 0 MARY E ENRIGHT 901 125303 0 0 1393 228501 144 16805 43 5014 2481 375623 0 0 SUSAN M POLLOCK 103945 103945 0 0 11606 64271 15535 15535 10410 10410 141496 194161 0 0 WILLIAM A BURKE 92542 139833 0 0 9483 14329 12684 19166 1245 1881 115954 175209 0 0 DEBORAH A WIDERKEHR 29393 110382 0 0 4872 18298 4524 16991 783 2942 39572 148613 0 0 PART I, LINES 4A-C SCHEDULE J, LINE 4A - SEVERANCE PAYMENTS: FROM THE FROM RELATED ORGANIZATION ORGANIZATION MARY A BRENNAN 260,000 - ROSE BROWNE 92,712 - MARY E ENRIGHT 1,168 136,371 JACK GREENE 255,000 - KATHLEEN A MURPHY 76,923 - ANITA PINS 104,731 - SCHEDULE J, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PAYMENTS: FROM THE FROM RELATED ORGANIZATION ORGANIZATION MICHAEL D LAPPIN 20,865 11,235 JOHN M MCCARTHY 5,955 45 SCHEDULE J, LINE 4C - EQUITY-BASED COMPENSATION PAYMENTS: FROM THE FROM RELATED ORGANIZATION ORGANIZATION CAROLYN AU - 52,665 MARY A BRENNAN - 52,665 ROSE BROWNE - 26,332 RICHARD P CONLEY - 52,665 BRUCE DALE - 52,665 KATHLEEN A DUNN - 181,034 MARY E ENRIGHT - 65,831 JACK GREENE - 52,665 RICHARD A KUMRO - 92,164 MICHAEL D LAPPIN - 592,475 DIANNA LOOK - 52,665 JOHN M MCCARTHY - 171,159 THOMAS P MCGRATH - 52,665 SUSAN M POLLOCK - 52,665 BRENDA RATLIFF - 16,459 SADIE MCKEOWN - 52,665 PART I, LINE 5 THE PAYMENTS DETAILED IN THE RESPONSE TO ITEM 5B ABOVE WERE BASED ON THE REVENUE OF A RELATED ORGANIZATION FROM A SPECIFIC INVESTMENT AND ARE INCLUDED IN THE COMPENSATION FROM RELATED ORGANIZATIONS REPORTED IN PART II. PART I, LINE 6 THE PAYMENTS DETAILED IN THE RESPONSE TO ITEM 6B ABOVE WERE BASED ON THE REVENUE OF A RELATED ORGANIZATION FROM A SPECIFIC INVESTMENT AND ARE INCLUDED IN THE COMPENSATION FROM RELATED ORGANIZATIONS REPORTED IN PART II. VARIOUS DIRECTORS DIRECTORS ABOUT HALF OF THE CORPORATION'S DIRECTORS AT ANY GIVEN TIME ARE INCUMBENT SENIOR OFFICIALS OF FINANCIAL INSTITUTIONS THAT ARE MEMBERS OF, PROVIDE CREDIT TO, AND/OR HAVE TRANSACTIONS WITH THE CORPORATION IN THE ORDINARY COURSE OF BUSINESS, SUCH AS PURCHASING LOAN PARTICIPATIONS. IN ADDITION, IN 2008 A LOAN FUND MANAGED BY ONE OF THE DIRECTORS OF THE CORPORATION AND OF ITS SUBSIDIARY, CPC RESOURCES INC., LOANED FUNDS TO THE SUBSIDIARY. 0 JOHN M MCCARTHY EXECUTIVE V.P. & CHIEF OPERATING OFFICER MR. MCCARTHY SERVES AS CHAIRMAN OF THE HOUSING PARTNERSHIP DEVELOPMENT CORPORATION (HPDC), A NON-PROFIT ENTITY WHOSE PURPOSES INCLUDE DEPLOYING STATE HOUSING SUBSIDIES TO APPROVED PROJECTS. A FEW PROJECTS RELATED TO THE ORGANIZATION AND TO CPC RESOURCES INC. (CPCR), THE ORGANIZATION'S WHOLLY-OWNED NON-EXEMPT SUBSIDIARY, HAVE RECEIVED THESE SUBSIDIES. MR. MCCARTHY IS SUBJECT TO WRITTEN CONFLICT OF INTEREST POLICIES OF BOTH THE ORGANIZATION AND HPDC AND HAS NOT TAKEN PART IN HPDC DECISIONS TO DEPLOY, NOR IN DECISIONS OF THE ORGANIZATION OR CPCR TO SEEK, THESE SUBSIDIES. 0 FORM 990, PART VI, SECTION A, LINE 2 CHRISTOPHER O'KEEFE IS THE NEPHEW OF KATHLEEN A. DUNN. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS FOUR CLASSES OF MEMBERS: CLASS A CONSISTS OF FOUNDING COMMERCIAL BANKS AND IS A CLOSED CLASS; CLASS B CONSISTS SOLELY OF THE NEW YORK STATE BANKERS ASSOCIATION; CLASS C CONSISTS OF LIFE INSURANCE COMPANIES; CLASS D CONSISTS OF FINANCIAL INSTITUTIONS AND OTHERS THAT DO NOT FIT WITHIN THE OTHER THREE CLASSES. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBERSHIP CLASS HAS THE RIGHT TO VOTE FOR TWO OF THE CORPORATION'S DIRECTORS (THE REMAINDER OF THE BOARD BEING ELECTED AT-LARGE BY THE BOARD ITSELF), AND UNDER NEW YORK LAW THE MEMBERS ALSO HAVE CERTAIN RIGHTS TO VOTE ON MAJOR ISSUES SUCH AS MERGERS AND DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7B UNDER NEW YORK LAW, THE MEMBERS HAVE CERTAIN RIGHTS TO VOTE ON MAJOR ISSUES SUCH AS MERGERS AND DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, A DRAFT COPY OF FORM 990 WAS REVIEWED FOR COMPLETENESS AND ACCURACY BY MEMBERS OF THE CORPORATION'S MANAGMENT AND WAS ALSO SUPPLIED TO THE COMPENSATION COMMITTEE OF THE CORPORATION'S BOARD OF DIRECTORS FOR COMMENT. THE FINAL REVIEWED VERSION OF FORM 990 WAS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO THE FORM'S ELECTRONIC FILING. FORM 990, PART VI, SECTION B, LINE 12C RESPONSES ARE REVIEWED BY THE ORGANIZATION'S INDEPENDENT AUDITORS AS PART OF THE ANNUAL FINANICAL AUDIT. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR, THE CORPORATION PARTICIPATES IN MARKET SURVEYS RELEVANT TO THE COMMERCIAL REAL ESTATE FINANCIAL SERVICES INDUSTRY. THE CORPORATION BENCHMARKS ITS TOTAL COMPENSATION AGAINST COMPARABLE JOBS FOUND IN RELEVANT SURVEYS (MCLAGAN AND TOWERS WATSON). THE PEER INSTITUIONS USED AS BENCHMARKS ARE THOSE FOUND IN THE MCGLAGAN MARKET SURVEY (INCLUDING OVER 100 PARTICIPANTS, INCLUDING BANKS, INSURANCE COMPANIES, ETC.). THE CORPORATION'S COMPENSATION COMMITTEE, COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS, REVIEW AND APPROVE ANNUALLY THE RECOMMENDED COMPENSATION (SALARY, ANNUAL BONUS, LONG-TERM INCENTIVE PLAN, AND EXECUTIVE RETIREMENT PLAN) FOR THE CORPORATION'S SENIOR MANAGEMENT TEAM AND TOP 25 EMPLOYEES. THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THE OVERALL AMOUNTS OF SALARIES AND BONUS AWARDS BEFORE RECOMMENDATIONS ARE MADE BASED ON MARKET DATA, BUSINESS CONDITIONS AND THE OVERALL COMPETITIVE MARKETPLACE. THE CORPORATION'S BOARD OF DIRECTORS THEN REVIEWS AND APPROVES ALL COMPENSATION RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION'S CHARTER IS A PUBLIC DOCUMENT AVAILABLE FROM THE NEW YORK SECRETARY OF STATE. A SUMMARY OF THE CORPORATION'S AUDITED FINANCIAL STATEMENTS IS INCLUDED EACH YEAR IN THE CORPORATION'S ANNUAL REPORT, WHICH IS AVAILABLE ON THE CORPORATION'S WEBSITE, AND THE FULL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE CORPORATION'S BY-LAWS, CONFLICT OF INTEREST POLICY AND SIMILAR DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC BUT ARE AVAILABLE TO THE CORPORATION'S MEMBERS UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: EQUITY IN NON-EXEMPT SUBSIDIARIES 1,215,277. TOTAL TO FORM 990, PART XI, LINE 5: 1,215,277. FORM 990, PART XI, LINE 2: THE CORPORATION HAS HAD NO CHANGE FROM THE PRIOR YEAR IN THE PROCESS FOR SELECTION OF AUDITOR OR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. 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