2013-02-15T10:36:42-06:00 2012-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2011-07-01 112683663 CYPRESS HILLS LOCAL DEVELOPMENT CORP CYPR 7186472800 625 JAMAICA AVENUE BROOKLYN NY 11208 MICHELLE NEUGEBAUER 7186472800 2013-02-15 1 FREDERICK H ROTHMAN P01275277 2128674000 2011 2016-02-25 16:41:14Z MICHELLE NEUGEBAUER 625 JAMAICA AVENUE BROOKLYN NY 11208 7986345 0 X WWW.CYPRESSHILLS.ORG X 1983 NY TO REVITALIZE THE CYPRESS HILLS COMMUNITY. 13 13 340 13 0 0 7291787 7682287 510430 187673 1049 970 120905 113336 7924171 7984266 0 0 0 0 5754094 5980444 0 0 186435 2069424 1962914 7823518 7943358 100653 40908 3039717 3049888 747828 717091 2291889 2332797 X THE CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION (CHLDC) WAS FORMED IN MAY 1983 BY A GROUP OF ACTIVIST RESIDENTS AND MERCHANTS. CHLDC IS A NOT-FOR-PROFIT COMMUNITY ORGANIZATION, SERVING 8,000 RESIDENTS A YEAR THROUGH A COMPREHENSIVE ARRAY OF COMMUNITY SERVICE PROGRAMS AND NEIGHBORHOOD DEVELOPMENT PROJECTS. 0 0 4746895 YOUTH AND HUMAN SERVICES - OUR PROGRAMS INCLUDE HIGH QUALITY AFTERSCHOOL PROGRAMS AND SUMMER CAMPS FOR 800 CHILDREN ANNUALLY; COLLEGE ADMISSIONS, FINANCIAL AID AND CAREER COUNSELING AND WORKSHOPS FOR OVER 850 TEENAGERS; GED INSTRUCTION, INTERNSHIPS, JOB PLACEMENT AND CASE MANAGEMENT FOR 220 YOUNG ADULTS, AGES 16-24 WHO HAVE DROPPED OUT OF SCHOOL OR BECOME DISCONNECTED FROM THE WORKFORCE; SUMMER YOUTH EMPLOYMENT FOR 300 LOW INCOME TEENAGERS; FAMILY COUNSELING; ADULT EDUCATION AND ENGLISH CLASSES FOR 200 RESIDENTS; SCHOOL-BASED COMMUNITY CENTERS SERVING OVER 2000 FAMILIES WITH FITNESS AND RECREATION ACTIVITIES, ARTS INSTRUCTION,AND EDUCATIONAL PROGRAMMING. 1517390 187673 HOUSING AND COMMUNITY DEVELOPMENT: HELPING RESIDENTS SECURE REPAIRS IN THEIR BUILDINGS AND AVOID EVICTIONS; COUNSELING FIRST-TIME HOMEBUYERS ON ALL ASPECTS OF HOMEOWNERSHIP AND CONNECTING THEM TO RESPONSIBLE LENDERS DEDICATED TO INCREASING HOMEOWNERSHIP RATES AMONGST PEOPLE OF COLOR AND LOW INCOME FAMILIES; WORKING WITH HOMEOWNERS TO PREVENT MORTGAGE FORECLOSURE AND SECURE AFFORDABLE LOAN MODIFICATIONS; ASSISTING RESIDENTS IN OBTAINING HOUSING BENEFITS; CONDUCTING HOUSING EDUCATIONAL SEMINARS; DEVELOPING NEW AFFORDABLE HOUSING AND COMMUNITY FACILITIES; RETROFITTING HOMES AND HELPING RESIDENTS SAVE MONEY ON ENERGY BILLS; AND INCREASING ACCESS TO FRESH FOOD AND PROMOTING URBAN AGRICULTURE. 636960 ECONOMIC DEVELOPMENT AND COMMUNITY ORGANIZING: ASSISTING RESIDENTS TO SECURE PUBLIC BENEFITS SUCH AS FOOD STAMPS AND EARNED INCOME TAX CREDIT; PROVIDING FREE INCOME TAX PREPARATION HELP TO LOW INCOME INDIVIDUALS. IN 2012 WE PREPARED OVER 1,200 RETURNS. ORGANIZING MERCHANTS, ASSISTING SMALL BUSINESSES AND ATTRACTING BUSINESS BACK TO THE COMMUNITY. MOBILIZING PARENTS AND YOUNG PEOPLE TO IMPROVE PUBLIC SCHOOLS AND UNDERSTAND THEIR RIGHTS. 6901245 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 0 1 1 0 0 0 1 21 0 340 1 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X ISMAEL DA SILVA DIRECTOR OF FINANCE 7186472800 625 JAMAICA AVENUE BROOKLYN NY 11208 HAROLD GREEN 1.00 X X 0 0 0 MARISOL QUINONES 1.00 X X 0 0 0 LAMONT LAWES 1.00 X X 0 0 0 SYLVIA STOVALL 1.00 X X 0 0 0 GRACE ANGELA BASILE 1.00 X 0 0 0 FLORENCE CELESTIN 1.00 X 0 0 0 VENISHA JEFF 1.00 X 0 0 0 MICHAEL LAWES 1.00 X 0 0 0 JOSE L NIEVES 1.00 X 0 0 0 AMORY SANCHEZ 1.00 X 0 0 0 ALEXIS SANCHEZ 1.00 X 0 0 0 MIRIAN RODRIGUEZ 1.00 X 0 0 0 HAMILTON STERLING 1.00 X 0 0 0 MICHELLE NEUGEBAUER 35.00 X 87185 0 20924 ISMAEL DA SILVA 35.00 X 61489 0 13015 148674 0 33939 0 0 0 0 0 4662479 3019808 7682287 DEVELOPMENT FEES 531310 187673 187673 187673 970 970 103909 2079 101830 101830 101830 MISCELLANEOUS 900099 11506 11506 11506 7984266 187673 0 114306 202907 75076 85221 42610 4514798 4008495 423816 82487 39466 35465 3625 376 867255 737190 105818 24247 356018 297184 46817 12017 11000 11000 30675 30675 854581 854581 27516 2655 8861 16000 417971 375653 40480 1838 149344 143046 6298 156445 153659 2786 81449 73372 7970 107 233 233 28054 23140 4914 58571 52719 5326 526 BAD DEBT 56966 56966 PARTICIPANT EXPENSES 47384 47384 42725 21626 14872 6227 7943358 6901245 855678 186435 478464 466410 149196 14271 1238397 1167253 910510 1207209 70959 30608 771386 607249 192191 164137 3039717 3049888 547733 653051 89445 2684 100000 50000 10650 11356 747828 717091 X 1698162 1605625 593727 727172 2291889 2332797 3039717 3049888 40908 0 X X 0 1 1 X 1 1 X 6257014 6381008 7181711 7291787 7682287 34793807 6257014 6381008 7181711 7291787 7682287 34793807 34793807 2042 283 100968 108084 104879 316256 25412 11627 43329 16012 11506 107886 35217949 1603817 0.98800 0.99020 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 303054 208188 94866 468332 399061 69271 164137 DEFERRED RENTAL INCOME 11356 11356 7984266 7943358 40908 40908 7986345 2079 2079 7984266 0 7984266 7945437 2079 2079 7943358 0 7943358 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: CYPRESS HILLS HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2009 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,079. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,079. FORM 990, PART VI, SECTION A, LINE 2 MICHAEL LAWES AND LAMONT LAWES HAVE A FAMILY RELATIONSHIP. ALEXIS SANCHEZ AND AMORY SANCHEZ HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT REVIEWS THE 990 TO OBTAIN AN UNDERSTANDING OF THE REPORTING REQUIREMENTS AND TO ENSURE IT IS ACCURATE AND COMPLETE. SUBSEQUENTLY, A COPY OF THE DRAFT 990 IS PROVIDED TO THE AUDIT COMMITTEE TO REVIEW. THE AUDIT COMMITTEE MEETS WITH MANAGEMENT TO DISCUSS THE 990 AND RESOLVE ANY QUESTIONS THAT MAY ARISE. THE 990 IS THEN DISTRIBUTED TO THE BOARD FOR REVIEW AND APPROVAL. UPON APPROVAL FROM THE BOARD, THE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS,OFFICERS AND EMPLOYEES REPORT ANNUALLY IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT APPEARS TO EXIST, MANAGEMENT AND THE BOARD WILL MEET WITH THE INDIVIDUAL TO OBTAIN ALL THE FACTS. SUBSEQUENTLY, A VOTE WILL ENSUE IF THE MATTER IS INDEED A CONFLICT OF INTEREST. IF IT IS FOUND TO BE A CONFLICT OF INTEREST, THE INDIVIDUAL WITH THE CONFLICT MUST REFRAIN FROM PARTICIPATING IN THE DELIBERATION AND DECISION MAKING CONCERNING THE MATTER THAT GAVE RISE TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD USES SALARY SURVEYS, AS WELL AS 990'S OF OTHER ORGANIZATIONS, TO COMPARE THE SALARIES OF ITS OFFICERS TO THOSE OF OTHER ORGANIZATIONS OF SIMILAR SIZE WITHIN THE SAME INDUSTRY. THIS PROCESS WAS LAST DONE IN 2011. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ARLINGTON APARTMENTS HDFC 625 JAMAICA AVE BROOKLYN NY 11208 113166122 PROVIDE AFFORDABLE RESIDENTIAL APARTMENTS FOR LOW INCOME FAMILIES NY 501(C)(3) 7 N/A 0 CYPRESS HILLS COMMUNITY SCHOOL DEVELOPMENT CORPORATION INC 625 JAMAICA AVE BROOKLYN NY 11208 800003810 DEVELOPMENT OF A LOCAL SCHOOL FACILITY NY 501(C)(3) 7 N/A 0 CYPRESS HOMES HDFC 625 JAMAICA AVE BROOKLYN NY 11208 113440887 PROVIDE AFFORDABLE HOME OWNERSHIP FOR LOW INCOME FAMILIES NY 501(C)(3) 7 N/A 0 CYPRESS WEST HDFC 625 JAMAICA AVE BROOKLYN NY 11208 113294777 PROVIDE AFFORDABLE RESIDENTIAL APARTMENTS FOR LOW INCOME FAMILIES NY 501(C)(3) 7 N/A 0 GLENMORE GARDENS HDFC 625 JAMAICA AVE BROOKLYN NY 11208 260354442 DEVELOP AFFORDABLE HOMEOWNERSHIP FOR LOW INCOME FAMILIES NY 501(C)(3) 7 N/A 0 CYPRESS HILLS CHILD CARE CORPORATION 625 JAMAICA AVE BROOKLYN NY 11208 113116118 PROVIDE CHILDCARE FOR LOW-INCOME FAMILIES NY 501(C)(3) 7 N/A 0 CYPRESS HILLS SENIOR HOUSING HDFC 625 JAMAICA AVE BROOKLYN NY 11208 454567618 DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS NY 501(C)(3) 7 N/A 0 CYPRESS MEWS HDFC 625 JAMAICA AVE BROOKLYN NY 11208 208446097 DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR LOW INCOME FAMILIES NY 501(C)(3) 7 N/A 0 LIBERTY APARTMENTS HDFC 625 JAMAICA AVE BROOKLYN NY 11208 270251221 DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR LOW INCOME FAMILIES NY 501(C)(3) 7 N/A 0 PITKIN-BERRIMAN HDFC 625 JAMAICA AVE BROOKLYN NY 11208 451263315 DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR LOW INCOME FAMILIES NY 501(C)(3) 7 N/A 0 CYPRESS COURT HOUSING CORPORATION 625 JAMAICA AVE BROOKLYN NY 11208 113317348 RENTAL NY N/A C 18780 1.00000 CYPRESS CORNERS HOUSING CORPORTATION 625 JAMAICA AVE BROOKLYN NY 11208 030385879 RENTAL NY N/A C 12655 1.00000 CYPRESS PLAZA DEVELOPMENT CORPORATION 625 JAMAICA AVE BROOKLYN NY 11208 205520783 RENTAL NY N/A C 10000 74 1.00000 CYPRESS CORNERS LP 625 JAMAICA AVE BROOKLYN NY 11208 030385879 RENTAL NY N/A C CYPRESS COURT ASSOCIATES LP 625 JAMAICA AVE BROOKLYN NY 11208 113317812 RENTAL NY N/A C CYPRESS HILLS LIBERTY INC 625 JAMAICA AVE BROOKLYN NY 11208 263398170 RENTAL NY N/A C 55 1.00000 CYPRESS PLAZA GROUP LP 625 JAMAICA AVE BROOKLYN NY 11208 260556223 RENTAL NY N/A C 125 FOUNTAIN AVENUE LP 625 JAMAICA AVE BROOKLYN NY 11208 770711923 RENTAL NY N/A C CYPRESS VILLAGE HOUSING CORPORATION 625 JAMAICA AVE BROOKLYN NY 11208 453687129 RENTAL NY N/A C 1.00000 CYPRESS VILLAGE LP 625 JAMAICA AVE BROOKLYN NY 11208 453677180 RENTAL NY N/A C 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0