2013-02-08T10:09:33-06:00 2012-09-30 271728945 O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2011-10-01 133048638 COMMUNITY RESOURCE EXCHANGE INC COMM 2128943394 42 BROADWAY 20TH FLOOR NEW YORK NY 10004 VALYRIE LAEDLEIN 2128943394 2013-02-08 1 CHRISTOPHER PETERMANN P00365043 2122862600 2013-02-07 2011 2016-03-07 17:11:31Z VALYRIE LAEDLEIN 42 BROADWAY 20TH FLOOR NEW YORK NY 10004 2937950 0 X WWW.CRENYC.ORG X 1979 NY COMMUNITY RESOURCE EXCHANGE HELPS NY NONPROFIT LEADERS BUILD SUSTAINABLE, EFFECTIVE NONPROFITS. 17 17 30 0 0 0 3116236 1598185 541040 480083 22496 17568 0 0 3679772 2095836 161855 0 0 0 2208251 2138609 0 0 12462 960049 822555 3330155 2961164 349617 -865328 4244395 3302537 283672 198629 3960723 3103908 X CRE IS A NONPROFIT MANAGEMENT CONSULTING FIRM THAT MAKES NONPROFIT ORGANIZATIONS STRONGER AND MORE EFFECTIVE IN FIGHTING POVERTY AND ADVANCING SOCIAL JUSTICE. CRE PROVIDES CONSULTING, COACHING, AND TRAINING TO OVER 500 NONPROFITS AND THEIR LEADERS EACH YEAR.CRE CONSULTS WITH OVER 200 NONPROFIT ORGANIZATIONS PER YEAR IN THE AREAS OF STRATEGIC AND ORGANIZATIONAL PLANNING, BOARD DEVELOPMENT, FINANCIAL MANAGEMENT, STRATEGIC RESTRUCTURING, AND LEADERSHIP TEAM DEVELOPMENT. CRE OFFERS COACHING, WORKSHOPS, AND COHORT LEARNING PROGRAMS, REACHING 300 INDIVIDUALS ANNUALLY WITH LEADERSHIP DEVELOPMENT AND MIDDLE MANAGER TRAINING. CRE FURTHER SUPPORTS THE NONPROFIT SECTOR THROUGH SUPPORT FOR COLLABORATIONS; PRODUCTION OF MATERIALS AND TOOLS ON NONPROFIT MANAGEMENT; AND PROVISION OF MEETING SPACE IN CRE'S CONFERENCE CENTER. CRE PARTNERS WITH GOVERNMENT AND FOUNDATIONS TO MAKE THESE SERVICES AFFORDABLE AND ACCESSIBLE TO CLIENTS WITH LIMITED ABILITY TO PAY. 0 0 2269127 0 480083 CRE TAKES AN INTEGRATED APPROACH TO SUPPORTING COMMUNITY ORGANIZATIONS, USING A VARIETY OF METHODOLOGIES AND OFTEN ENGAGING THE SAME CLIENT ORGANIZATION IN VARIOUS WAYS. ALL METHODS FALL WITHIN CRE'S SINGLE SUBSTANTIVE PROGRAM OF CAPACITY BUILDING FOR COMMUNITY-BASED ORGANIZATIONS, AND INCLUDE MANAGEMENT SUPPORT/ORGANIZATIONAL CONSULTING; COACHING; TRAINING AND PROFESSIONAL DEVELOPMENT; AND RESOURCES AND PUBLICATIONS. SEE APPENDIX O FOR ELABORATION OF CRE'S METHODOLOGIES.CRE EMPLOYS A VARIETY OF METHODS WITHIN ITS SINGLE PROGRAM OF CAPACITY BUILDING FOR COMMUNITY-BASED ORGANIZATIONS.MANAGEMENT SUPPORT (ORGANIZATIONAL CONSULTING) - THE HALLMARK OF CRE'S APPROACH HAS BEEN ESTABLISHING TAILORED, ONE-TO-ONE RELATIONSHIPS WITH ORGANIZATIONAL LEADERSHIP TO ASSURE THEIR ORGANIZATIONS GET TO RESULTS, ARE SUSTAINABLE, HAVE STRONG LEADERS AND MANAGERS, AND EFFECTIVELY LEVERAGE OPPORTUNITIES FOR COLLABORATION. CRE ENGAGES COMMUNITY-BASED ORGANIZATIONS IN STRATEGIC PLANNING; BOARD AND TEAM DEVELOPMENT; SYSTEMS AND PROCESS DEVELOPMENT IN THE AREAS OF HUMAN RESOURCE, FUND DEVELOPMENT, PERFORMANCE MANAGEMENT, AND FINANCIAL MANAGEMENT; AND ORGANIZATIONAL RESTRUCTURING. CRE HAS AN EXPERIENCED AND DEDICATED STAFF OF MULTI-CULTURAL PROFESSIONALS, ALL OF WHOM HAVE ADVANCED DEGREES.COACHING - CRE STAFF ENGAGE IN ONE-TO-ONE COACHING RELATIONSHIPS WITH NON-PROFIT LEADERS AND MANAGERS, FOCUSING ON INDIVIDUALIZED CHANGE INITIATIVES AND TEAM-STRENGTHENING INTERVENTIONS. LEADERSHIP AND MANAGEMENT DEVELOPMENT COACHING TYPICALLY BEGINS WITH THE USE OF AN ASSESSMENT TOOL (MOST OFTEN A 360-DEGREE FEEDBACK SURVEY) AND INVOLVES A SERIES OF COACHING MEETINGS THAT INCLUDE GOAL-SETTING, WORKPLACE ASSIGNMENTS, AND THE OPPORTUNITY FOR DEBRIEF AND REFLECTION. THE ENGAGEMENT IS DESIGNED TO STRENGTHEN LEADERSHIP AND MANAGEMENT EFFECTIVENESS AND, THEREBY, ORGANIZATIONAL PERFORMANCE. ADDITIONALLY, CRE PROVIDES TACTICAL IMPLEMENTATION COACHING TO SUPPORT NONPROFIT LEADERS IN UNDERTAKING SPECIFIC ACTIONS AS PART OF AN ORGANIZATIONAL CHANGE INITIATIVE RELATED TO PLANNING, HUMAN RESOURCES OR BOARD MANAGEMENT, FINANCIAL MANAGEMENT, FUND DEVELOPMENT OR OTHER ISSUES.TRAINING AND PROFESSIONAL DEVELOPMENT - CRE PROVIDES A NUMBER OF OFFERINGS INTENDED TO BUILD THE KNOWLEDGE AND SKILLS OF INDIVIDUAL MANAGERS AND LEADERS, WHICH IS FOUNDATIONAL TO BUILDING EFFECTIVE ORGANIZATIONS. FOR EMERGING ORGANIZATIONS, CRE OFFERS A "FUNDAMENTALS SERIES" OF WORKSHOPS THAT COVER THE RUDIMENTS OF DEVELOPING A THEORY OF CHANGE AND PROGRAM PLAN, IDENTIFYING INTENDED OUTCOMES, BUILDING A SYSTEM FOR MANAGING FINANCES, AND RAISING FUNDS TO SUPPORT PROGRAM AND OPERATIONS. IN THE AREA OF EXECUTIVE TRAINING, OUR CORNERSTONE OFFERING IS THE LEADERSHIP CAUCUS, AN EIGHT-MONTH INTERACTIVE LEADERSHIP DEVELOPMENT PROGRAM THAT USES HANDS-ON EXPERIENCES, PEER LEARNING, 360-DEGREE FEEDBACK, COACHING AND ACTION LEARNING TO ENABLE EACH PARTICIPANT TO DEVELOP AS A LEADER. A CORRESPONDING OFFERING FOR MIDDLE MANAGERS IS OFFERED, CALLED THE "HIGH PERFORMING MANAGERS' INSTITUTE." RESOURCES, REFERRALS AND PUBLICATIONS - CRE HAS DEVELOPED PRACTICAL MANAGEMENT MANUALS AND TOOLS TO SUPPORT NONPROFITS, FUNDERS AND INDIVIDUALS IN ADDRESSING IMPORTANT ISSUES. OUR MAIN PUBLICATION, "FROM VISION TO REALITY," WALKS THE READER THROUGH THE PROCESS OF STARTING A NONPROFIT ORGANIZATION, ADDRESSING LEGAL ISSUES, HOW TO CONDUCT A PROGRAM NEEDS ASSESSMENT, BUDGETING AND ULTIMATELY FUNDRAISING. OTHER PUBLICATIONS INCLUDE: "MASTERING YOUR FIRST GOVERNMENT CONTRACT," "SQUARE FEET: HOW TO NAVIGATE NYC'S PERILOUS OFFICE LEASING MARKET," AND "ROADMAP TO THE WEBSITES." A HOST OF OTHER TOOLS AND GUIDELINES FOR NONPROFIT MANAGEMENT CAN BE FOUND ON CRE'S WEBSITE: WWW.CRENYC.ORG. CRE 2012 ACCOMPLISHMENTS:-IN FY 2012, CRE STAFF PROVIDED ONE-TO-ONE CONSULTING AND COACHING SERVICES TO APPROXIMATELY 200 COMMUNITY-BASED ORGANIZATIONS IN THE FORM OF DIRECT, TAILORED ENGAGEMENTS TO NONPROFIT ORGANIZATIONS AND THEIR LEADERS AND MANAGERS. KEY AREAS OF ASSISTANCE TO NONPROFITS INCLUDED: STRATEGIC PLANNING; LEADERSHIP DEVELOPMENT; SUSTAINABILITY PLANNING; ORGANIZATIONAL RESTRUCTURING; AND HUMAN RESOURCES MANAGEMENT. -CRE EXPANDED ITS COHORT-BASED LEARNING PROGRAMS AND WORKSHOPS TO PROVIDE AN ARRAY OF SKILLS TRAINING AND LEADERSHIP DEVELOPMENT SERVICES TO MORE THAN 500 NONPROFIT STAFF AND LEADERSHIP - BOTH AS PUBLIC OFFERINGS AND AS PROFESSIONAL DEVELOPMENT PROGRAMMING FOR STAFF WITHIN LARGE SOCIAL SERVICE AGENCIES, INCLUDING THE FOLLOWING: -CRE'S LEADERSHIP CAUCUS, INVOLVING 27 EXECUTIVE LEADERS FROM NON-PROFITS IN AN 8-MONTH LEADERSHIP DEVELOPMENT PROGRAM THAT OFFERED ISSUE-BASED TRAINING, AN EXPERIENTIAL CLINIC, 360-DEGREE FEEDBACK COACHING, AND ACTION LEARNING TEAMS; -THREE CYCLES OF ITS HIGH PERFORMING MANAGERS' INITIATIVE: ONE FOR DIRECTORS FROM THE NYC DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT (DYCD), A SECOND FOR COMMUNITY BASED ORGANIZATIONS CONTRACTING WITH DYCD, AND A THIRD FOR STAFF OF A HUMAN SERVICE AGENCIES BASED IN STATEN ISLAND; -TAILORED COHORTS FOR MIDDLE MANAGER TRAINING FOR THREE CLIENT ORGANIZATIONS; -THREE SERIES OF SIX "NONPROFIT FUNDAMENTALS" COURSES, REACHING ANOTHER 125 INDIVIDUALS WHO ARE STARTING AND LEADING EMERGING NONPROFITS, TO TRAIN THEM IN THE BASICS OF BUILDING THEIR ORGANIZATIONS. -CRE CONDUCTED A NEEDS ASSESSMENT AND DESIGNED AND FACILITATED TWO PROFESSIONAL DEVELOPMENT SESSIONS FOR NEW STAFF MEMBERS OF THE YOUNG MEN'S INITIATIVE AT THE NEW YORK CITY DEPARTMENT OF PROBATION. SESSION CONTENT COVERED HIGH PERFORMANCE MANAGEMENT AND INCREASING PROGRAMMATIC IMPACT. -CRE PROVIDED ADVICE BY PHONE TO DOZENS OF INDIVIDUALS THROUGH OUR EXECUTIVE DIRECTOR HOTLINE, INTENDED TO HELP EXECUTIVE DIRECTORS AND OTHER NONPROFIT LEADERS AND MANAGERS GET QUICK ANSWERS TO PRESSING PROBLEMS. THE HOTLINE RESPONDS TO BOTH PHONE AND ONLINE INQUIRIES AND PARTNERS WITH THE CITY OF NEW YORK, TAKING REFERRAL CALLS FROM NONPROFITS WHO CALL NEW YORK CITY'S 311-LINE WITH QUESTIONS.-CRE CONTINUED ITS WORK AT THE NEIGHBORHOOD LEVEL BY WORKING WITH GROUPS OF NONPROFITS IN THREE COMMUNITIES ACROSS NEW YORK CITY THAT HAVE BEEN SEVERELY AFFECTED BY THE ECONOMIC RECESSION, SUPPORTING COLLABORATIVE ACTION AMONG COMMUNITY BASED NONPROFITS. WORK INCLUDED TARGETED CAPACITY-BUILDING FOR INDIVIDUAL ORGANIZATIONS, AS WELL AS SUPPORTING FORMATION OF AN EXECUTIVE DIRECTORS ORGANIZING PROJECT IN EAST NEW YORK, COORDINATING AN EXECUTIVE DIRECTORS' CIRCLE TO UNDERTAKE JOINT LEARNING AND PLANNING IN HIGHBRIDGE, AND SUPPORTING A COALITION OF SERVICE PROVIDERS IN FAR ROCKAWAY/ARVERNE AS THEY PLANNED AND EXECUTED "YOUTH SUMMIT." -CRE LAUNCHED A PROJECT TO ASSESS NEEDS AND BUILD THE CAPACITY OF 6 ORGANIZATIONS WHO ARE FUNDED BY THE NEW YORK COMMUNITY TRUST TO UNDERTAKE INNOVATIVE ANTI-VIOLENCE PROGRAMMING AMONG TEENS IN COMMUNITIES WITH HIGH RATES OF GUN VIOLENCE. -CRE BEGAN WORK ON A MULTI-LAYER PROJECT TO SUPPORT THE NEW YORK CITY HOUSING AUTHORITY IN PLANNING A STRATEGY FOR USE OF ITS COMMUNITY CENTERS, INCLUDING THE DOCUMENTATION OF PROGRAMMING CURRENTLY OFFERED IN SUCH FACILITIES AND COLLECTION OF INPUT FROM COMMUNITY ORGANIZATIONS OPERATING WITHIN AND AROUND NYCHA'S DEVELOPMENTS.-CRE DEEPENED ITS EXPERTISE IN MANAGER AND EXECUTIVE COACHING PRACTICE, DEVELOPING A NEW APPROACH, EXPANDING ITS USE OF DIAGNOSTIC TOOLS, AND BUILDING OUT A NEW LINE OF SERVICES INTENDED TO STRENGTHEN THE SKILLS AND EFFECTIVENESS OF NONPROFIT LEADERS, MANAGERS AND TEAMS. -CRE EXPANDED ITS COLLABORATIVE WORK WITH OTHER CAPACITY BUILDERS IN NEW YORK, CO-SPONSORING WORKSHOPS AND TRAININGS, SHAPING CLOSER REFERRAL NETWORKS, AND HOSTING COLLABORATORS IN ITS OFFICE AND CONFERENCE SPACE. 2269127 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 18 0 1 30 1 0 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X THOMAS ROTH 2128943394 42 BROADWAY 20TH FLOOR NEW YORK NY 10004 PATRICIA HEWITT 2.00 X X 0 0 0 KEIKO IANTHE DELILLE 2.00 X X 0 0 0 CARLETON DUKESS 2.00 X X 0 0 0 BENJAMIN F LORICK 2.00 X X 0 0 0 PAMELA GREEN 2.00 X 0 0 0 RAYMOND D HORTON 2.00 X 0 0 0 ANNE HESS 2.00 X 0 0 0 MARGARET BOOTH 1.00 X 0 0 0 ROBYN BRADY INCE 1.00 X 0 0 0 GREGG S FISHER 1.00 X 0 0 0 CAITLIN LACROIX 1.00 X 0 0 0 SAMANTHA G LASRY 1.00 X 0 0 0 JERRY H MARCUS 1.00 X 0 0 0 ROBERT C PENN 1.00 X 0 0 0 STEPHANIE H SMITH 1.00 X 0 0 0 GELVIN STEVENSON 1.00 X 0 0 0 MARC WEINGARTEN 1.00 X 0 0 0 VALYRIE LAEDLEIN 40.00 X 122949 0 13566 HOLLY DELANY-COLE 40.00 X 125916 0 10950 BARBARA TURK 40.00 X 119925 0 16334 JEAN LOBELL 40.00 X 104902 0 22018 LOUISA HACKETT 40.00 X 107712 0 27275 581404 0 90143 5 0 0 0 0 7006 635776 955403 35142 1598185 MGMT. SUPPORT SERVICES 541610 436542 436542 RENTAL INCOME 900099 43541 43541 480083 18676 18676 835737 836845 -1108 -1108 -1108 5269 7006 5269 0 2095836 480083 0 17568 286608 194722 88389 3497 1435300 1095708 333851 5741 67646 52189 15241 216 215956 163468 51490 998 133099 100370 32077 652 26250 26250 267719 230612 37107 105508 71057 34133 318 333970 286339 46682 949 9055 6591 2464 29829 22420 7409 18597 14024 4482 91 STAFF LEADERSHIP DEVLP. 26141 26141 BAD DEBT 5486 5486 2961164 2269127 679575 12462 2200 2200 1465841 784874 639750 353998 161058 208401 45960 50119 407062 283402 142257 123660 7842 1775898 1775353 3589 3932 4244395 3302537 243593 148771 40079 49858 283672 198629 X 2902569 2586066 1058154 517842 3960723 3103908 4244395 3302537 X -865328 8513 X 0 1 1 X 0 X 3835026 2879063 2628938 3085736 1598185 14026948 3835026 2879063 2628938 3085736 1598185 14026948 1812421 12214527 86934 64220 43773 22496 18339 235762 14262710 2988369 0.85640 0.86690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 199490 89866 109624 207572 193536 14036 123660 CERTIFICATES OF DEPOSIT 1775353 F 1775353 2095836 2961164 -865328 8513 8513 -856815 2150163 8513 45814 54327 2095836 0 2095836 3006978 45814 45814 2961164 0 2961164 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: CRE'S CURRENT ACCOUNTING POLICY IS TO PROVIDE LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN A LIABILITY IS PROBABLE AND ESTIMABLE. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME. ANNUAL HOUSE PARTY 12275 7006 5269 3729 1540 12275 7006 5269 3729 1540 5269 0 X 3 35142 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE PROCESS USED BY COMMUNITY RESOURCE EXCHANGE, INC. TO REVIEW FORM 990 BEFORE FILING IS: 1. OUTSIDE AUDITING FIRM PREPARES CRE'S 990 ONCE FINANCIAL STATEMENTS ARE COMPLETED. 2. 990 IS REVIEWED BY MANAGEMENT AND AN ELECTRONIC DRAFT IS FORWARDED TO BOARD OF DIRECTORS FOR REVIEW AND COMMENTS. THE BOARD OF DIRECTORS IS GIVEN 2-5 BUSINESS DAYS TO REVIEW. 3. COMMENTS FROM THE BOARD OF DIRECTORS ARE FORWARDED TO AUDIT COMMITTEE. 4. AUDIT COMMITTEE MEETS WITH AUDITORS TO DISCUSS 990 AND ADDRESS COMMENTS OR RECOMMENDATIONS. 5. AUDIT COMMITTEE APPROVES 990 FOR FILING. 6. 990 IS FILED WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C CRE REQUIRES ITS DIRECTORS, OFFICERS AND KEY EMPLOYEES TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST TO THE BOARD CHAIR OR HER DESIGNEE PRIOR TO THE OPENING OF ANY NEGOTIATIONS OR DISCUSSIONS CONCERNING A TRANSACTION. IN ADDITION TO THIS CONTINUING OBLIGATION, INTERESTED PERSONS COVERED BY THE POLICY MUST AGAIN DISCLOSE POTENTIAL CONFLICTS FROM THE PREVIOUS YEAR AT THE END OF EACH FISCAL YEAR. ALL INTERESTED PERSONS COVERED BY THE POLICY MUST PREPARE A BRIEF LETTER DESCRIBING THE TRANSACTION, HIS OR HER INTEREST IN IT, AND WHY THE TRANSACTION IS IN THE BEST INTEREST OF CRE. THE TRANSACTION IS THEN REVIEWED CAREFULLY TO ENSURE THAT IT SHOULD BE ENTERED INTO. IF A CONFLICT OF INTEREST EXISTS, THE INTERESTED PARTY IS EXCLUDED FROM THE BOARD DISCUSSION AND APPROVAL OF SUCH TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS USED BY CRE FOR DOCUMENTING COMPENSATION OF THE CO-DIRECTORS IS: 1. CRE HUMAN RESOURCES (HR) STAFF COMPILES A SURVEY ON COMPENSATION PAID BY SIMILARLY SITUATED ORGANIZATIONS FOR COMPARABLE POSITIONS AND PROVIDE THE DATA TO THE CRE HR BOARD HUMAN RESOURCES COMMITTEE. 2. THE BOARD HUMAN RESOURCES COMMITTEE REVIEWS THE COMPARABILITY DATA. 3. THE HUMAN RESOURCES COMMITTEE COMPARES THE PROPOSED SALARIES FOR THE EMPLOYEES WITH THE COMPARABLE DATA, DETERMINES THE REASONABLENESS OF THE PROPOSED COMPENSATION PACKAGE. IF THE COMMITTEE DETERMINED THE REASONABLE COMPENSATION IS HIGHER OR LOWER THAN THE RANGE OF COMPARABLE DATA OBTAINED, THEY ARTICULATE THE BASIS FOR THE DETERMINATION. 4. THE HUMAN RESOURCES COMMITTEE TAKES THE ITEM TO THE BOARD FOR APPROVAL. DOCUMENTATION INCLUDES: 1. LIST OF DIRECTORS AND OTHER KEY EMPLOYEES WITH THEIR RESPECTIVE COMPENSATION PACKAGE FOR UPCOMING FISCAL YEAR REVIEWED AND APPROVED BY THE HR COMMITTEE. 2. THE NAMES OF MEMBERS PRESENT DURING THE DISCUSSION ON THE ISSUE AND WHO VOTED ON IT. 3. COMPARABILITY DATA RELIED UPON BY THE BOARD PERSONNEL COMMITTEE AND HOW THE DATA WAS OBTAINED. 4. BASIS FOR THE DETERMINATION OF REASONABLENESS. FORM 990, PART VI, SECTION C, LINE 19 COMMUNITY RESOURCE EXCHANGE, INC. MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THEM ON ITS WEBSITE. IN ADDITION, CRE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AT 42 BROADWAY, 20TH FLOOR, NEW YORK, NY 10004 OR BY CALLING (212) 894-3394. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 8,513.