2013-05-15T15:49:00-05:00 2012-06-30 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE SUITE 2600 INDIANAPOLIS IN 46204 990 2011-07-01 132577233 New York City Economic Development Corp % KIM VACCARI NEWY 2126195000 110 WILLIAM STREET NEW YORK NY 10038 KIM VACCARI 2013-05-15 3176817000 2011 2016-02-24 21:20:13Z KIM VACCARI 110 WILLIAM STREET NEW YORK NY 10038 664016417 false X WWW.NYCEDC.COM X 1991 NY NYCEDC FUNCTIONS AS NEW YORK CITY'S PRIMARY ENGINE FOR ECONOMIC DEVELOPMENT, LEVERAGES THE CITY'S ASSETS, DRIVES ECONOMIC GROWTH AND DIVERSITY, AND CREATES AND RETAINS JOBS. 26 20 540 0 0 0 547661992 497497165 137184103 131284237 605197 1246556 111306795 33988459 796758087 664016417 0 69401 0 0 10382493 11645953 0 0 0 696122317 636493886 706504810 648209240 90253277 15807177 755789125 793335831 454787871 477174404 301001254 316161427 X NYCEDC'S MISSION IS TO ENCOURAGE ECONOMIC GROWTH IN EACH OF THE FIVE BOROUGHS OF NEW YORK CITY BY STRENGTHENING THE CITY'S COMPETITIVE PORTION AND FACILITATING INVESTMENTS THAT BUILD CAPACITY, GENERATE PROSPERITY AND CATALYZE THE ECONOMIC VIBRANCY OF THE CITY AS A WHOLE. false false 644291261 69401 165272696 THE CITY AND NYCEDC HAVE ENTERED INTO THE NYCEDC MASTER CONTRACT UNDER WHICH NYCEDC HAS BEEN RETAINED TO PERFORM VARIOUS SERVICES PRIMARILY RELATED TO THE RETENTION AND EXPANSION OF INDUSTRIAL AND COMMERCIAL DEVELOPMENT WITHIN THE CITY, INCLUDING AMONG OTHERS (1) FACILITATING COMMERCIAL AND INDUSTRIAL DEVELOPMENT PROJECTS, (2) STABILIZING AND IMPROVING INDUSTRIAL AREAS IN THE CITY, (3) ADMINISTERING PUBLIC LOAN, GRANT AND SUBSIDY PROGRAMS ON BEHALF OF THE CITY, (4) ENCOURAGING DEVELOPMENT OF INTRASTATE, INTERSTATE AND INTERNATIONAL COMMERCE WITHIN THE CITY, AND (5) MANAGING AND MAINTAINING CERTAIN CITY-OWNED PROPERTIES. 644291261 true true false false false false false false true false true false false true true false false true false false false false false false false false false true false true false false false false false false false true false false false false true true true true true false true 34 0 true 540 true false false false false false false false false false false X 26 20 true false false false true true false true true false true false false true true true true true false false true true NY X X KIM VACCARI 2123124287 110 WILLIAM STREET NEW YORK NY 10038 X Tony Barsamian 1.0 X 0 0 0 Rev AR Bernard Sr 1.0 X 0 0 0 Sharon Y Bowen 1.0 X 0 0 0 William Candelara 1.0 X 0 0 0 Angela A Chao 1.0 X 0 0 0 Marlene Cintron 1.0 X 0 0 0 Nicholas Dmytryszyn 1.0 X 0 115938 49853 Joseph I Douek 1.0 X 0 0 0 Alan B Friedberg 1.0 X 0 0 0 Victor Ganzi 1.0 X 0 0 0 Alaina Gilligo 1.0 X 0 128526 55266 James McSpiritt 1.0 X 0 151877 65307 Melva Miller 1.0 X 0 80898 34786 Mario J Palumbo Jr 1.0 X 0 0 0 Jeffrey Pash 1.0 X 0 0 0 Shaifali Puri 1.0 X 0 0 0 Frank C Randazzo 1.0 X 0 0 0 Mark E Russo 1.0 X 0 0 0 Carlo A Scissura 1.0 X 0 139268 59885 Robert K Steel 1.0 X 0 1 0 Andrew Steininger 1.0 X 0 0 0 Robert J Strang 1.0 X 0 0 0 George Twill 1.0 X 0 0 0 Rev Reginal Williams 1.0 X 0 0 0 Steven Wolfe 1.0 X 0 0 0 Kathryn S Wylde 1.0 X 0 0 0 Alfred D Youngwood 1.0 X 0 0 0 Seth Pinsky 35.0 X 205892 0 37271 Ben Branham 35.0 X 0 0 0 John Cicerello 35.0 X 158915 0 0 David Ehrenberg 35.0 X 153847 0 30047 Melvin Glickman 35.0 X 176330 0 24301 Meredith J Jones 35.0 X 190093 0 35198 David Kane 35.0 X 165032 0 46084 Kyle Kimball 35.0 X 178664 0 29059 Alyssa Cobb Konon 35.0 X 97806 0 13693 Ann Li 35.0 X 145163 0 39980 David Lombino 35.0 X 181862 0 33347 Thomas McKnight 35.0 X 140475 0 42646 Patrick O' Sullivan 35.0 X 155497 0 43988 Zac Smith 35.0 X 127959 0 45337 Euan Robertson 35.0 X 141421 0 17070 Steve Strauss 35.0 X 169502 0 30632 Maria Torres 35.0 X 193549 0 42680 Joshua Wallack 35.0 X 179724 0 48140 Hardy Adasko 35.0 X 147630 0 43647 Chetan Badiani 35.0 X 134872 0 41861 Maureen Babis 35.0 X 139030 0 16760 Lee Benedict 35.0 X 122328 0 40105 Dean Bodnar 35.0 X 123761 0 22771 Francesco Brindisi 35.0 X 118559 0 38687 Maryann Catalano 35.0 X 119285 0 27467 Gregory Clancy 35.0 X 115907 0 22979 Richard Cote 35.0 X 0 0 0 Joshua Gelfman 35.0 X 107708 0 38058 Andrew Genn 35.0 X 135340 0 41917 Susan Goldfinger 35.0 X 145800 0 43391 Jonathan Gouveia 35.0 X 102405 0 37108 Miriam Harris 35.0 X 112433 0 26534 Spencer Hobson 35.0 X 133338 0 41438 Liza Kent 35.0 X 148811 0 43813 Steve Lazarus 35.0 X 131602 0 46658 Christopher L Smith 35.0 X 116706 0 4356 Dmitri Konon 35.0 X 135150 0 41900 Saadia Madsbjerg 35.0 X 0 0 0 Hope Mallari 35.0 X 153058 0 21159 Luigi Pedalino 35.0 X 88035 0 27187 Kristine Pizzo 35.0 X 152784 0 39598 David Quart 35.0 X 109867 0 23966 Peyton Sise 35.0 X 150609 0 44064 Ian Smith 35.0 X 159701 0 45337 Howard Spieler 35.0 X 134415 0 41797 Kristy Sundjaja 35.0 X 137224 0 29911 Lawton Thomas 35.0 X 129510 0 33535 Daniel Zarrilli 35.0 X 141166 0 42500 Judith Capolongo 35.0 X 123853 0 25924 Richard Marshall 35.0 X 150543 0 44055 Mark Silversmith 35.0 X 157446 0 46051 Shawn Gallagher 35.0 X 60602 0 16590 Bulent Celik 35.0 X 120346 0 22979 Frederick Grevin 35.0 X 41462 0 8836 Robert S Lapalme 35.0 X 163874 0 31527 Judy Fensterman 35.0 X 163874 0 45921 Andrew Winters 35.0 X 184034 0 48744 Jill Braverman 35.0 X 153686 0 30101 Carmine Giordano 35.0 X 147758 0 43602 7876243 616508 2157404 52 false true false ACCENTURE LLP 161 NORTH CLARK STREET CHICAGO IL 60601 CONSULTING SVCS 1210772 ERNST YOUNG LLP PO Box 96550 CHICAGO IL 96550 ACCOUNTING SVCS 307261 LIROPB AMERICAS 3 AERIEL WAY SYOSSET NY 11791 ARCHITECTURAL SVCS 1499274 MARKS PANETH SHRON LLP 622 THIRD AVENUE NEW YORK NY 10017 Consulting SVCS 673762 ROBERT J DAMIGELLA PE 44 RAVEN DRIVE MORRISTOWN NJ 07960 Consulting SVCS 239618 7 475332811 22164354 497497165 POWER SALES 531390 49198827 49198827 REAL ESTATE SALES 531390 32031472 32031472 DEVELOPER CONTRIBUTIONS 531390 2267874 2267874 INTEREST INCOME FROM LOANS 531390 2429558 2429558 INCOME FROM EXEMPT AFFILIATE 531390 45356506 45356506 131284237 1246556 1246556 0 0 0 0 0 0 42ND STREET PROJECT REVENUE SHARING 531390 12879709 12879709 FEE INCOME 531390 12908194 12908194 RECOVERY OF LOAN LOSSES 531390 5036154 5036154 3164402 3164402 33988459 664016417 165272696 1246556 69401 69401 0 0 0 7183449 4749195 2434254 0 0 785326 499568 285758 918087 691005 227082 2759091 2573633 185458 0 37531 37531 578374 578374 0 0 0 2211232 2211232 0 603819 603819 610521 610521 0 7964299 7964299 122992 122992 0 542856 373334 169522 0 0 1322245 1322245 213269 213269 CONTRACT/OTHER EXP TO CITY 72162083 72162083 PROJECT COSTS 88624799 88624799 PROGRAM COSTS 409130542 409130542 UTILITY EXPENSE 48785219 48785219 3584105 3584105 648209240 644291261 3917979 0 6350 4925 221643300 326710207 0 0 196435276 195028063 0 0 0 0 42046012 31045325 108443118 108693118 534699 453683 13195224 3516298 3368786 9678926 50723890 51529615 0 0 600000 1000000 0 0 131987694 69191969 755789125 793335831 158087970 151028019 0 0 119528079 123297028 0 0 3696514 17671985 0 0 0 0 0 0 173475308 185177372 454787871 477174404 X 222809605 226023157 0 0 78191649 90138270 301001254 316161427 755789125 793335831 X 15807177 -647004 X false true true X true true X 589727937 543809446 619861050 547661992 497497165 2798557590 589727937 543809446 619861050 547661992 497497165 2798557590 2798557590 7596929 3303976 823974 605197 559552 12889628 2811447218 968420933 0.99542 0.99224 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true 7884361 769789 7114572 5310863 2746509 2564354 9678926 DUE FROM APPLE INDUSTRIAL DEVE 39792787 ACCRUED INTEREST RECEIVABLE 242672 DUE FROM STATE - ESDC 12814600 MISCELLANEOUS RECEIVABLES 13363960 LAND DEPOSITS IN ESCROW 2977950 69191969 0 DEPOSITS-PENDING SALSE OF REAL ESTATE 8278000 DUE TO CITY OF NEW YORK-PROJECT 124707818 OBLIGATION-OTHER POST-EMPLOYMENT BENEFITS 18650365 RETAINAGE 32045663 OTHER LIABILITIES - NON-CURRENT 884876 OTHER LIABILITIES - CURRENT 610650 185177372 TENANT ESCROW ACCOUNTS SCHEDULE D PART IV NYCEDC REQUIRES PROSPECTIVE LAND AND PROPERTY BUYERS TO PROVIDE DOWN DEPOSIT AT THE TIME THE LEASE IS EXECUTED. THE ORGANIZATION WILL REFUND SECURITY DEPOSIT ONCE TENANT VACATES PREMISES PROVIDED THERE ARE NO OUTSTANDING AMOUNTS OWED OR DAMAGES TO PREMISES. true HIGHLAND TERRACE LLC 172-90 HIGHLAND AVE Queens NY 11432 111893983 25000 FUND SOLAR THERMAL PILOT PROGRAM JEWISH COMMUNITY CTR OF STATEN ISLAND 1466 MANOR ROAD STATEN ISLAND NY 10314 135562256 501(C)(3) 25000 FUND SOLAR THERMAL PILOT PROGRAM TWIN PINE LLC 866 E 165TH ST BRONX NY 10550 134166641 19401 FUND SOLAR THERMAL PILOT PROGRAM 1 2 Form 990, Schedule I Description of Organization's Procedures for Monitoring the Use of Grants Grant disbursements are tied to achieving project milestones. NYCEDC releases the initial disbursement following receipt and approval of the Notice of Installation that demonstrates the installation of the solar thermal system and includes: all equipment receipts and/or contractor invoices, any changes to the project budget, a description of any system changes, copies of approved construction permits, installation and product warranties and photos of the installed system. NYCEDC releases the second and final disbursement following receipt and approval of annual system performance data. Further, to ensure proper monitoring and compliance, NYCEDC conducted site visits to all project sites and retrieved system performance data monthly from grant recipients. X true true true false false false false false false false false Nicholas Dmytryszyn 0 115938 0 0 0 0 0 0 0 49853 0 165791 0 0 Alaina Gilligo 0 128526 0 0 0 0 0 0 0 55266 0 183792 0 0 James McSpiritt 0 151877 0 0 0 0 0 0 0 65307 0 217184 0 0 Carlo A Scissura 0 139268 0 0 0 0 0 0 0 59885 0 199153 0 0 Seth Pinsky 205892 0 0 0 0 0 28686 0 8585 0 243163 0 0 0 John Cicerello 158915 0 0 0 0 0 0 0 0 0 158915 0 0 0 David Ehrenberg 153847 0 0 0 0 0 21539 0 8508 0 183894 0 0 0 Melvin Glickman 176330 0 0 0 0 0 17952 0 6349 0 200631 0 0 0 Meredith J Jones 190093 0 0 0 0 0 26613 0 8585 0 225291 0 0 0 David Kane 165032 0 0 0 0 0 23105 0 22979 0 211116 0 0 0 Kyle Kimball 178664 0 0 0 0 0 20474 0 8585 0 207723 0 0 0 Ann Li 145163 0 0 0 0 0 17209 0 22771 0 185143 0 0 0 David Lombino 181862 0 0 0 0 0 10368 0 22979 0 215209 0 0 0 Thomas McKnight 140475 0 0 0 0 0 19667 0 22979 0 183121 0 0 0 Patrick O' Sullivan 155497 0 0 0 0 0 21009 0 22979 0 199485 0 0 0 Zac Smith 127959 0 0 0 0 0 22358 0 22979 0 173296 0 0 0 Euan Robertson 141421 0 0 0 0 0 8485 0 8585 0 158491 0 0 0 Steve Strauss 169502 0 0 0 0 0 11644 0 18988 0 200134 0 0 0 Maria Torres 193549 0 0 0 0 0 19701 0 22979 0 236229 0 0 0 Joshua Wallack 179724 0 0 0 0 0 25161 0 22979 0 227864 0 0 0 Hardy Adasko 147630 0 0 0 0 0 20668 0 22979 0 191277 0 0 0 Chetan Badiani 134872 0 0 0 0 0 18882 0 22979 0 176733 0 0 0 Maureen Babis 139030 0 0 0 0 0 11157 0 5603 0 155790 0 0 0 Lee Benedict 122328 0 0 0 0 0 17126 0 22979 0 162433 0 0 0 Francesco Brindisi 118559 0 0 0 0 0 15916 0 22771 0 157246 0 0 0 Andrew Genn 135340 0 0 0 0 0 18938 0 22979 0 177257 0 0 0 Susan Goldfinger 145800 0 0 0 0 0 20412 0 22979 0 189191 0 0 0 Spencer Hobson 133338 0 0 0 0 0 18667 0 22771 0 174776 0 0 0 Liza Kent 148811 0 0 0 0 0 20834 0 22979 0 192624 0 0 0 Steve Lazarus 131602 0 0 0 0 0 23679 0 22979 0 178260 0 0 0 Dmitri Konon 135150 0 0 0 0 0 18921 0 22979 0 177050 0 0 0 Hope Mallari 153058 0 0 0 0 0 21159 0 0 0 174217 0 0 0 Kristine Pizzo 152784 0 0 0 0 0 18334 0 21264 0 192382 0 0 0 Peyton Sise 150609 0 0 0 0 0 21085 0 22979 0 194673 0 0 0 Ian Smith 159701 0 0 0 0 0 22358 0 22979 0 205038 0 0 0 Howard Spieler 134415 0 0 0 0 0 18818 0 22979 0 176212 0 0 0 Kristy Sundjaja 137224 0 0 0 0 0 7140 0 22771 0 167135 0 0 0 Lawton Thomas 129510 0 0 0 0 0 17595 0 15940 0 163045 0 0 0 Daniel Zarrilli 141166 0 0 0 0 0 19729 0 22771 0 183666 0 0 0 Richard Marshall 150543 0 0 0 0 0 21076 0 22979 0 194598 0 0 0 Mark Silversmith 157446 0 0 0 0 0 23072 0 22979 0 203497 0 0 0 Robert S Lapalme 163874 0 0 0 0 0 22942 0 8585 0 195401 0 0 0 Judy Fensterman 163874 0 0 0 0 0 22942 0 22979 0 209795 0 0 0 Andrew Winters 184034 0 0 0 0 0 25765 0 22979 0 232778 0 0 0 Jill Braverman 153686 0 0 0 0 0 21516 0 8585 0 183787 0 0 0 Carmine Giordano 147758 0 0 0 0 0 20623 0 22979 0 191360 0 0 0 Supplemental Compensation Information SCHEDULE J, PART I, LINE 1A STEVEN STRAUSS RECEIVES A CAR ALLOWANCE BASED ON RETURN TRIP MILES BETWEEN WORK MEETINGS AND HOME, THE VALUE OF WHICH IS INCLUDED IN HIS TAXABLE INCOME. SCHEDULE J, PART I, Line 4A THE FOLLOWING INDIVIDUALS ENTERED INTO SEVERANCE AGREEMENTS AND/OR RECEIVED SEVERANCE PAYMENTS FROM New York Economic Development Corporation: MAUREEN P. BABIS $59,338 MELVIN A. GLICKMAN $48,104 STEVEN STRAUSS $18,069 LEE BENEDICT SEE PART V 153254 SEE PART V false BUSINESS TRANSACTIONS WITH INTERESTED PERSONS FORM 990, SCHEDULE L, PART IV DURING THE PERIOD FROM JULY 1, 2011 TO JUNE 30, 2012, NYCEDC MADE PAYMENTS TO PB AMERICAS, INC., A COMPANY ASSOCIATED WITH PARSONS BRINKERHOFF, INC., OF $153,254. DURING THIS PERIOD LEE BENEDICT WAS VICE PRESIDENT IN THE ASSET MANAGEMENT DIVISION OF NYCEDC AND HIS WIFE WAS AN OFFICER OF PARSONS BRIKERHOFF, INC. NONE OF THESE PAYMENTS TO PB AMERICAS, INC. ARE ATTRIBUTABLE TO SERVICES PERFORMED FOR WORK WITHIN THE PURVIEW OF NYCEDC'S ASSET MANAGEMENT DIVISION. MR BENEDICT RECUSED HIMSELF FROM ALL DEALINGS WITH PARSONS BRINCKERHOFF, INC. AND PB AMERICAS, INC., IN ACCORDANCE WITH AN ORDER ISSUED BY THE CITY'S CONFLICT OF INTEREST BOARD IN RESPONSE TO MR. BENEDICT'S REQUEST FOR ADVICE FROM THE BOARD. SCHEDULE O SUPPLEMENTAL INFORMATION FORM 990, PART VI, QUESTION 2 DMITRI KONON AND ALYSSA COBB KONON ARE MARRIED. FORM 990, PART VI, QUESTION 6 THE MEMBERS OF THE CORPORATION SHALL BE TWENTY-SEVEN IN NUMBER, CONSISTING OF SIXTEEN PERSONS APPOINTED BY THE MAYOR OF THE CITY OF NEW YORK, SIX OF WHOM SHALL BE APPOINTED BY THE MAYOR DIRECTLY, FIVE OF WHOM SHALL BE APPOINTED BY THE MAYOR UPON NOMINATION BY THE BOROUGH PRESIDENTS OF THE CITY OF NEW YORK (EACH BOROUGH PRESIDENT NOMINATING ONE MEMBER) AND FIVE OF WHOM SHALL BE APPOINTED BY THE MAYOR UPON NOMINATION OF THE SPEAKER OF THE COUNCIL OF THE CITY OF NEW YORK, ONE PERSON APPOINTED DIRECTLY BY THE MAYOR OF THE CITY OF NEW YORK AFTER CONSULTATION WITH NEW YORK CITY PARTNERSHIP, INC., WHO SHALL BE THE CHAIRPERSON OF THE BOARD OF DIRECTORS OF THE CORPORATION AND TEN PERSONS APPOINTED BY THE CHAIRPERSON FROM A LIST OF PERSONS APPROVED BY THE MAYOR OF THE CITY OF NEW YORK. THE SIXTEEN PERSONS APPOINTED DIRECTLY BY THE MAYOR OF THE CITY OF NEW YORK OR UPON NOMINATION OF THE BOROUGH PRESIDENTS OF THE CITY OF NEW YORK OR THE SPEAKER OF THE COUNCIL OF THE CITY OF NEW YORK SHALL IN EACH CASE BE A PUBLIC OFFICIAL OR A PERSON PROMINENT IN THE FINANCIAL, COMMERCIAL, INDUSTRIAL, PROFESSIONAL OR LABOR COMMUNITY OF THE CITY OF NEW YORK. THE CHAIRPERSON AND TEN PERSONS APPOINTED BY HIM/HER SHALL IN EACH CASE BE A PERSON IN THE FINANCIAL, COMMERCIAL, INDUSTRIAL OR PROFESSIONAL COMMUNITY OF THE CITY OF NEW YORK AND SHALL NOT BE A PUBLIC OFFICIAL. A MEMBER MAY BE AN OFFICIAL OR EMPLOYEE OF THE CITY OF NEW YORK OR ANY AGENCY OF THE CITY OF NEW YORK. A MEMBER WHO IS AN OFFICIAL OR EMPLOYEE OF THE CITY OF NEW YORK OR AGENCY OF THE CITY OF NEW YORK SHALL SERVE AS SUCH IN THE FURTHERANCE OF THE CITY OF NEW YORK. IF NEW YORK CITY PARTNERSHIP, INC. SHALL BE RENAMED OR SHALL CONSOLIDATE OR MERGE WITH ANY ORGANIZATION, THE ORGANIZATION AS RENAMED OR SUCH CONSOLIDATED OR MERGED ORGANIZATION SHALL BE THE ENTITY WITH WHICH THE MAYOR OF THE CITY OF NEW YORK CONSULTS IN SELECTING THE CHAIRPERSON. ANY QUESTIONS AS TO SUCCESSION SHALL BE CONCLUSIVELY RESOLVED FOR ALL PURPOSES BY COUNSEL FOR THE CORPORATION. MEMBERS SHALL BE APPOINTED ANNUALLY PRIOR TO OR ON THE DATE OF THE ANNUAL MEETING OF MEMBERS. EACH MEMBER, INCLUDING MEMBERS APPOINTED TO FILL VACANCIES AS PROVIDED BELOW, SHALL SERVE AS UNTIL THE APPOINTMENT OF HIS/HER SUCCESSOR OR HIS/HER EARLIER DEATH OR RESIGNATION. IF AT ANY TIME THERE IS LESS THAN THE PRESCRIBED NUMBER OF APPOINTED MEMBERS, THE MAYOR OF THE CITY OF NEW YORK, IN THE CASE OF A MEMBER APPOINTED BY HIM/HER, OR THE CHAIRPERSON, IN THE CASE OF A MEMBER APPOINTED BY HIM/HER, MAY APPOINT A PERSON HAVING THE QUALIFICATIONS TO BE SUCH A MEMBER TO FILL SUCH VACANCY, PROVIDED THAT APPOINTMENT OF A MEMBER TO FILL A VACANCY SHALL BE MADE IN THE MANNER PRESCRIBED ABOVE FOR THE APPOINTMENT OF MEMBERS. FORM 990, PART VI, QUESTION 7A PURSUANT TO NYCEDC BY-LAWS, THE MEMBERS ELECT DIRECTORS WHO SERVE ON NYCEDC'S BOARD OF DIRECTORS. THE BOARD OF DIRECTORS IS NYCEDC'S GOVERNING BODY. A PERSON MUST BE A MEMBER TO BE ELIGIBLE FOR ELECTION AS A DIRECTOR. FORM 990, PART VI, QUESTION 10B THE SOLE MEMBER OF NYC ENTREPRENEURIAL FUND LLC IS NYCEDC. NYC ENTREPRENEURIAL FUND LLC IS A DISREGARDED ENTITY OF NYCEDC. ALL ACTIONS BY NYC ENTREPRENEURIAL FUND LLC ARE TAKEN BY NYCEDC PERSONNEL AUTHORIZED BY NYCEDC'S BOARD TO ACT ON BEHALF OF NYC ENTREPRENEURIAL FUND LLC. AS NYCEDC CONTROLS ALL ACTIONS TAKEN BY NYC ENTREPRENEURIAL FUND LLC, IT ENSURES THAT THE OPERATIONS OF NYC ENTREPRENEURIAL FUND LLC ARE AT ALL TIMES CONSISTENT WITH ITS OWN OPERATIONS. FORM 990, PART VI, QUESTION 11B THE RETURN PREPARER PROVIDED FINAL COPY OF FORM 990 TO THE TREASURER IN ACCOUNTING AND LEGAL IN THEIR CAPACITIES AS CORPORATE OFFICERS FOR THEIR REVIEW BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, QUESTION 12C NYCEDC REQUIRES ITS SALARIED OFFICERS AND EMPLOYEES TO AGREE IN WRITING TO BE BOUND BY THE RESTRICTIONS RELATING TO CONFLICTS OF INTEREST AS SET FORTH IN CHAPTER 68 OF THE CITY CHARTER. CHAPTER 68 RESTRICTS OUTSIDE POSITIONS AND INTEREST, ACCEPTANCE OF VALUABLE GIFTS, DISCLOSURE OF CONFIDENTIAL INFORMATION, POST EMPLOYMENT ACTIVITIES, AND OTHER ACTUAL OR PERCEIVED CONFLICTS OF INTEREST. EMPLOYEES ARE RESPONSIBLE FOR READING AND COMPLYING WITH THESE POLICIES. Certain employees with policy and contracting discretion ARE REQUIRED TO FILE FINANCIAL DISCLOSURE FORMS AND MUST UNDERGO A BACKGROUND INVESTIGATION WITH THE NEW YORK CITY DEPARTMENT OF INVESTIGATION (DOI). BOTH DOI AND THE NEW YORK CITY CONFLICTS OF INTEREST BOARD REQUIRE CERTAIN EMPLOYEES TO FILE ANNUAL FINANCIAL DISCLOSURE FORMS. PURSUANT TO A REQUEST BY THE MAYOR AND A RESOLUTION BY NYCEDC'S BOARD OF DIRECTORS, NYCEDC HAS AGREED TO FOLLOW THE CITY'S FINANCIAL DISCLOSURE PROCEDURES. FORM 990, PART VI, QUESTION 19 NYCEDC'S CERTIFICATE OF INCORPORATION, BY-LAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE GENERALLY AVAILABLE TO THE PUBLIC THROUGH THE WEBSITE OF NYCEDC, AT HTTP://WWW.NYCEDC.COM. CONFLICTS OF INTEREST CHAPTER 68 OF THE NEW YORK CITY CHAPTER IS AVAILABLE TO THE PUBLIC ON THE CONFLICTS OF INTEREST BOARD WEB SITE AT HTTP://WWW.NYC.GOV/HTML/CONFLICTS. FORM 990, PART XI, LINE 5 CHANGE IN UNREALIZED LOSSES ON INVESTMENTS: ($647,004) NYC ENTREPRENEURIAL FUND LLC CO NYCEDC 110 WILLIAM STREET NEW YORK NY 10038 212123982 ECO DEVELOP NY 1000000 NA APPLE INDUSTRIAL DEVELOPMENT CORP 110 WILLLIAM STREET NEW YORK NY 10038 133010779 ECON DEVELOP NY 501 (C)(3) 9 NYCEDC true THE CITY OF NEW YORK 110 WILLIAMS STREET NEW YORK NY 10038 136400434 GOVERNMENT NY 115 NA false false false true false false false false false false false false false true true false true false true APPLE INDUSTRIAL DEVELOPMENT CORP R 45356506 FMV APPLE INDUSTRIAL DEVELOPMENT CORP P 33763396 FMV