2013-05-14T11:25:19-05:00 2012-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2011-07-01 112451752 PRATT AREA COMMUNITY COUNCIL INC PRAT 7185222613 201 DEKALB AVENUE BROOKLYN NY 11205 DEBORAH HOWARD 7185222613 2013-05-13 1 FREDERICK H ROTHMAN P01275277 2128674000 2011 2016-02-24 21:20:13Z DEBORAH HOWARD 201 DEKALB AVENUE BROOKLYN NY 11205 4893915 0 X WWW.PRATTAREA.ORG X 1972 NY TO PROMOTE AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT. 13 13 94 30 0 0 2160536 2102437 1331932 2514815 0 4626 67990 143479 3560458 4765357 0 0 0 0 2605502 3729801 0 0 46213 1305270 1986166 3910772 5715967 -350314 -950610 5269430 3655891 1534806 1856937 3734624 1798954 X SEE SCHEDULE OPACC EMBRACES A VISION IN WHICH PEOPLE STRIVE TOGETHER TO BUILD AN EQUITABLE, DIVERSE, ENGAGED AND FLOURISHING COMMUNITY IN CENTRAL BROOKLYN. IN OUR WORK AS A COMMUNITY DEVELOPMENT CORPORATION, PACC PURSUES FIVE MAJOR GOALS: FIRST, TO PRESERVE AND DEVELOP SAFE AND AFFORDABLE HOUSING, A BASIC HUMAN RIGHT; SECOND, TO SUPPORT A VIBRANT LOCAL COMMERCE THROUGH WHICH SMALL BUSINESSES SERVE THE MARKET NEEDS OF COMMUNITY RESIDENTS; THIRD, TO SUSTAIN AND DEVELOP AN ECONOMIC, RACIAL, AND CULTURAL DIVERSITY THAN CAN ENRICH THE LIVES OF ALL; FOURTH, TO PROMOTE KNOWLEDGE, INITIATIVE AND CONCERTED ACTION THAT CAN ADVANCE INDIVIDUAL AND COMMON INTERESTS; AND FIFTH, TO FOSTER AN ETHIC THAT ALL MEMBERS OF THE COMMUNITY BEAR PERSONAL RESPONSIBILITY TO CONTRIBUTE TO THE GREATER GOOD. 0 0 2075178 1786453 SEE SCHEDULE OPROPERTY MANAGEMENT AND MAINTENANCE- PACC PROVIDES PROPERTY AND ASSET MANAGEMENT AND MAINTENANCE SERVICES TO THE AFFORDABLE HOUSING PROJECTS COMPRISED OF 53 BUILDINGS AND 743 UNITS WHICH WE HAVE DEVELOPED. OUR TENANTS INCLUDE FORMERLY HOMELESS, LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS. DURING FY2012, WE ADDED TO OUR PORTFOLIO- A 71 UNIT RENT STABILIZED BUILDING WITH 55 EXISTING TENANTS GOING THROUGH A MODERATE REHAB AND A 34 UNIT NEWLY CONSTRUCTED COOPERATIVE APARTMENT BUILDING. PACC STAFF WORK TO PRESERVE THIS PORTFOLIO AS AN AFFORDABLE HOUSING ASSET TO THE COMMUNITY BY MAINTAINING THE PHYSICAL STRUCTURE, THE FINANCIAL STABILITY AND COMPLIANCE WITH ALL OUTSIDE CITY AND STATE AGENCIES, LENDERS AND INVESTORS. STAFF INCLUDE A MANAGEMENT STAFF OF 5 INCLUDING A DIRECTOR, PROPERTY AND RESIDENT MANAGERS AND A LEASING AND OCCUPANCY SPECIALIST, 5 FINANCE STAFF INCLUDING AN ASSET MANGER, CONTROLLER, ACCOUNTS MANAGER AND 2 BOOKEEPERS, AND 24 MAINTENANANCE STAFF INCLUDING A DIRECTOR, SUPERVISOR, DISPATCHER, SUPERINTENDENTS, HANDY MEN AND PORTERS. 1087817 SEE SCHEDULE OAT GIBB MANSION, PACC'S 71-UNIT SUPPORTIVE HOUSING PROJECT FOR CHRONICALLY ILL AND LOW-INCOME INDIVIDUALS, WE PROVIDE RESPONSIVE AND COMPASSIONATE CARE TO THE RESIDENTS WHO CALL IT HOME. ON STAFF ARE THREE SOCIAL WORKERS, TWO CASE WORKERS, A RESIDENT MANAGER, REGISTERED NURSE, CHEF AND KITCHEN ASSISTANT, AND AN ACTIVITIES COORDINATOR. RESIDENTS RECEIVE ONE-ON-ONE COUNSELING EVERY WEEK AND CASE MANAGERS AND SOCIAL WORKERS ARE ALWAYS AVAILABLE TO HELP RESIDENTS WITH HEALTHCARE ISSUES, MONEY MANAGEMENT, AND NECESSARY ADVOCACY AND REFERRALS. GIBB MANSION IS ALWAYS BUSTLING WITH ACTIVITY; RESIDENTS SHARE FIVE FRESH, HOT MEALS PER WEEK, AND THE ACTIVITIES COORDINATOR KEEPS THE SCHEDULE FULL OF CLASSES, OUTINGS, PARTIES AND COMMUNITY EVENTS. THE COMMUNITY AT GIBB MANSION IS THRIVING, AS STAFF AND RESIDENTS WORK TOGETHER TO CREATE A POSITIVE, HEALTHY AND EMPOWERING ENVIRONMENT THAT FACILITATES HEALING AND WELLNESS. IN FISCAL YEAR 2011-2012, 72 INDIVIDUALS WERE HOUSED THERE, 50 CHRONICALLY ILL INDIVIDUALS RECEIVED CASE MANAGEMENT AND COUNSELING, AND TWO RESIDENTS BECAME READY FOR INDEPENDENT LIVING. 429215 473007 SEE SCHEDULE OHOMEOWNER SERVICES HELPS LOW TO MODERATE INCOME RESIDENTS OBTAIN THE STABILITY THAT HOUSING AFFORDS BY PROVIDING THE INFORMATION, TOOLS AND RESOURCES TO REDUCE PERSONAL DEBT, PREPARE FOR THE PROCESS OF PURCHASING HOMES, PREVENT HOME LOSS AND MAINTAIN HABITABLE PROPERTIES. PACC'S FOUR COUNSELORS REACHED OUT TO OVER 1,350 CENTRAL BROOKLYN RESIDENTS THROUGH MORE THAN 31 WORKSHOPS AND PRESENTATIONS, REFERRING THEM TO OUR SERVICES: INDIVIDUAL COUNSELING, EDUCATIONAL SEMINARS, FINANCIAL LITERACY, HOMEBUYER WORKSHOPS AS WELL AS DIRECT LINKS TO AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES. FROM JULY 2011 TO JUNE 2012, THE HOMEOWNER SERVICES PROGRAM POSTED THE FOLLOWING ACCOMPLISHMENTS: 6 FIRST TIME HOMEBUYER WORKSHOPS WERE HELD, 277 PEOPLE ATTENDED THOSE WORKSHOPS, 121 PEOPLE RECEIVED MORTGAGE COUNSELING AND 58 RECEIVED MORTGAGES; 4 FINANCIAL EDUCATION WORKSHOPS WERE HELD, 64 PEOPLE ATTENDED, 63 PEOPLE RECEIVED FINCANCIAL COUNSELING; 177 PEOPLE RECEIVED FORECLOSURE PREVENTION COUNSELING WITH BEING 52 AWARDED WITH PERMANENT MODIFICATIONS WHILE 40 PEOPLE WERE AWARDED TRIAL MODIFICATIONS. 752486 398834 HOUSING DEVELOPMENT, TENANT & COMMUNITY ORGANIZING, AND ECONOMIC DEVELOPMENT 752486 398834 4344696 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 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 1 1 0 0 0 1 25 0 94 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 NY X ROSEMARIE WHYTE 7185222613 201 DEKALB AVENUE BROOKLYN NY 11205 SEBLE TAREKE-WILLIAMS 2.00 X X 0 0 0 KEITH GETTER 1.00 X X 0 0 0 ALTHEA WATSON 0.50 X X 0 0 0 REV DR CURTIS WHITNEY 0.50 X 0 0 0 JABIR SULUKI 0.50 X 0 0 0 LINCOLN RESTLER 0.50 X 0 0 0 RON LANGUEDOC 1.00 X 0 0 0 TAMARA MCCAW 0.50 X 0 0 0 NAIMA OYO 0.50 X 0 0 0 CLINTON KENNETH SHILLINGFORD 0.50 X 0 0 0 KUZA WOODARD 0.50 X 0 0 0 KRIS FRANKLIN 0.50 X 0 0 0 ROMY GOLDMAN 0.50 X 0 0 0 DEBORAH HOWARD 55.00 X 100717 0 14991 100717 0 14991 1 0 0 0 PRIME PROTECTION SERVICES INC 26 COURT STREET SUITE 2204 NEW YORK NY 11242 SECURITY 146837 ROBERT HALF INTERNATIONAL INC 12400 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 STAFFING 130859 2 1360193 742244 2102437 MAINTENANCE REVENUE 531390 1132546 1132546 DEVELOPMENT FEES 531390 649862 649862 PROPERTY MGMT. FEES 531390 404191 404191 PARTNERSHIP MGMT. FEES 900099 144216 144216 PROJECT ADMIN. FEES 624200 105500 105500 78500 78500 2514815 4626 4626 197218 128558 68660 68660 68660 MISCELLANEOUS 900099 74819 74819 74819 4765357 2658294 0 4626 122389 111201 8915 2273 2945093 2698747 206446 39900 341024 307369 31537 2118 321295 290318 29055 1922 9986 9986 75119 75119 328879 280731 48148 4608 1626 2982 477857 415875 61982 158321 157591 730 127206 127206 3546 2447 1099 15423 10319 5104 31711 2432 29279 36489 2919 33570 31576 25651 5925 BAD DEBT 625775 625775 RECREATION 32172 28654 3518 27498 8816 18682 5715967 4344696 1325058 46213 987532 390033 621532 935705 68994 309924 82830 40374 305873 803329 661662 137917 141667 12646 3400435 1489859 5269430 3655891 607452 654476 138894 725459 633748 176000 201895 253819 1534806 1856937 X 3124624 1798954 610000 0 3734624 1798954 5269430 3655891 X -950610 -985060 X X 0 1 1 X 1 0 X 2098743 1931485 1983642 2160536 2102437 10276843 2098743 1931485 1983642 2160536 2102437 10276843 32122 10244721 136064 136735 119964 120696 201844 715303 56386 47406 32339 12924 74819 223874 11216020 8229492 0.91340 0.99880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 3500 3500 0 0 20000 20000 436063 376249 59814 14500 5196 9304 332766 280217 52549 141667 DUE FROM LIMITED PARTNERSHIPS 290441 DEVELOPER FEES RECEIVABLE 431084 PREDEVELOPMENT COSTS 244578 DEFERRED COSTS 11709 METROCARD INVENTORY 1908 DUE FROM RELATED ORGANZATIONS 510139 1489859 DUE TO RELATED ORGANIZATIONS 145493 SECURITY DEPOSITS 81847 CASH OVERDRAFT 26479 253819 4765357 5715967 -950610 -985060 -985060 -1935670 4893915 0 4893915 -128558 -128558 4765357 5844525 128558 128558 5715967 0 5715967 PART IV, LINE 1B: PACC WAS THE FISCAL AGENT FOR CENTRAL FULTON STREET BID FOR A CONTRIBUTION OF CITY COUNCIL DISCRETIONARY FUNDS IN THE AMOUNT OF $3,500 DURING FISCAL YEAR 2012. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 4B - OTHER ADJUSTMENTS: RENT EXPENSE -128,558. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 128,558. FORM 990, PART VI, SECTION A, LINE 6 PACC IS A MEMBERSHIP ORGANIZATION; MEMBERS ARE ELIGIBLE TO VOTE IF THEY HAVE PAID THEIR ANNUAL MEMBERSHIP DUES OF $25. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. THE DIRECTORS CAN SERVE UP TO 3 TWO YEAR TERMS. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, THE FORM 990 IS PROVIDED TO THE FULL BOARD. IT IS DISCUSSED BY THE BOARD'S FINANCE COMMITTEE WHICH THEN PROVIDES A RECOMMENDATION TO THE BOARD TO ACCEPT OR REVISE THE FORM. MANAGEMENT THEN MAKES ANY REVISIONS REQUIRED AND RESUBMITS FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MUST COMPLETE A CONFLICT OF INTEREST FORM EVERY YEAR, WHICH IS KEPT ON FILE. IF THERE ARE ANY INCIDENTS OF CONFLICT THE DIRECTOR INVOLVED WOULD BE RECUSED FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 PACC'S GOVERNING DOCUMENTS (CERTIFICATE OF INCORPORATION AND BY-LAWS) ARE AVAILABLE UPON REQUEST AND ARE ON THE NYS CHARITIES BUREAU WEBSITE. AUDITED FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST TO THE PUBLIC, SENT TO ALL OF THE ORGANIZATION'S FUNDERS AND POSTED ON GUIDESTAR. ALL POLICIES ARE AVAILABLE UPON REQUEST AND PROVIDED TO EMPLOYEES AND THE BOARD. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: -985,060. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 3B A-133 AUDIT WAS NOT PERFORMED AT THE TIME OF FILING THE 990. THE ORGANIZATION PROJECTS TO COMPLETE AN A-133 AUDIT IN MAY 2013. 218 ST JAMES HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 113440912 OWNER OF LOW INCOME RENTAL APARTMENTS NY 501(C)(3) LINE 11A, I PACC INC 1 236 GREENE AVENUE HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 113267272 OWNER OF LOW INCOME RENTAL APARTMENTS NY 501(C)(3) LINE 9 PACC INC 1 GAP HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 113099585 OWNER OF LOW INCOME RENTAL APARTMENTS NY 501(C)(3) LINE 9 PACC INC 1 GATEWAY HOUSING COPORATION 201 DEKALB AVENUE BROOKLYN NY 11205 113583988 OWNER OF LOW INCOME RENTAL APARTMENTS NY 501(C)(3) LINE 11A, I PACC INC 1 265 HAWTHORNE HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 271921872 OWNER OF LOW INCOME RENTAL APARTMENTS NY 501(C)(3) LINE 9 PACC INC 1 409 GRAND AVENUE HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 201876837 OWNER OF LOW INCOME RENTAL APARTMENTS NY PACC INC C -59318 951716 1.00000 942 KENT AVENUE HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 202646555 OWNER OF LOW INCOME RENTAL APARTMENTS NY PACC INC C 13479 125028 1.00000 QUINCY STREET HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 263606395 OWNER OF LOW INCOME RENTAL APARTMENTS NY PACC INC C -303017 9937534 1.00000 PACC HDFC 201 DEKALB AVENUE BROOKLYN NY 11205 912105355 OWNER OF LOW INCOME RENTAL APARTMENTS NY PACC INC C -65654 4691218 1.00000 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 265 HAWTHORNE HDFC D 82830 COST 265 HAWTHORNE HDFC K 52500 COST QUINCY STREET HDFC K 79489 COST GAP HDFC K 86000 COST