2012-11-06T10:44:08-06:00 2011-12-31 420714325 MCGLADREY LLP 751 ARBOR WAY SUITE 200 BLUE BELL PA 19422 990 2011-01-01 232671667 TRF DEVELOPMENT PARTNERS INC TRFD 2155745800 1700 MARKET STREET 19TH FLOOR PHILADELPHIA PA 19103 MICHAEL M CRIST 2155745800 2012-10-25 1 CHRISTOPHER M PEKULA P00734965 2156418600 2012-10-25 2011 2016-02-25 16:41:14Z MICHAEL M CRIST 1700 MARKET STREET 19TH FLOOR PHILADELPHIA PA 19103 1278679 0 X WWW.TRFDEVELOPMEMTPARTNERS.COM X 1991 PA TRF DEVELOPMENT PARTNERS ASSEMBLES LAND, PARTICIPATES IN REAL ESTATE TRANSACTIONS AND BUILDS AFFORDABLE HOMES IN COMMUNITIES THROUGHOUT THE MID-ATLANTIC, CONCENTRATING IN AREAS WHERE IT CAN CREATE OPPORTUNITIES FOR WORKING FAMILIES. 8 5 0 8 0 0 527442 155000 241561 740313 16857 35251 27319 48076 813179 978640 0 0 0 0 333234 0 0 0 0 294663 1270787 627897 1270787 185282 -292147 15243153 16629835 17142776 18825092 -1899623 -2195257 TRF DEVELOPMENT PARTNERS ASSEMBLES LAND, PARTICIPATES IN REAL ESTATE TRANSACTIONS AND BUILDS AFFORDABLE HOMES IN COMMUNITIES THROUGHOUT THE MID-ATLANTIC, CONCENTRATING IN AREAS WHERE IT CAN CREATE OPPORTUNITIES FOR WORKING FAMILIES. 0 0 962694 788389 PARTICIPATE IN REAL ESTATE TRANSACTIONS TO CREATE OPPORTUNITY FOR DISADVANTAGED FAMILIES BY DIRECTING CAPITAL INTO DISTRESSED URBAN NEIGHBORHOODS. 962694 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 77 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 PA MD X MICHAEL M CRIST 2155745800 1700 MARKET STREET 19TH FLOOR PHILADELPHIA PA 19103 JOHN BALL 8.00 X 0 0 0 C SEAN CLOSKEY 40.00 X X 0 141633 22095 ARNIE GRAF 8.00 X X 0 0 0 TAD GLENN 8.00 X X 0 0 0 LEE CASPER 8.00 X 0 0 0 DONALD HINKLE-BROWN 8.00 X X 0 272965 27352 MICHAEL CRIST 8.00 X X 0 225567 9816 JEROME SMALLEY 8.00 X 0 0 0 GRACIELA P CAVICCHIA-KRAUSS 40.00 X 0 116242 4448 0 756407 63711 0 0 1 0 CCM CONSTRUCTION LLC 301 NOBLE STREET BALTIMORE MD 21224 CONSTRUCTION SERVICES 2707567 BUTLER MANAGEMENT LLC 9613 CRAWFORD BALTIMORE MD 21213 CONSTRUCTION SERVICES 448532 CUSTOM BUILDING SYSTEMS 200 CUSTOM AVENUE MIDDLEBURG PA 17842 CONSTRUCTION SERVICES 367397 3 155000 155000 REAL ESTATE REVENUE 531390 740313 740313 740313 35251 35251 300039 300039 0 0 MISCELLANEOUS INCOME 525990 48076 48076 48076 978640 788389 0 35251 34768 29893 4875 36480 36480 870585 618822 251763 1399 1290 109 64167 53129 11038 65704 47778 17926 48248 45412 2836 20749 13974 6775 27871 27871 13680 10838 2842 PRE-DEVELOPMENT COSTS 63083 63083 STAFF RECRUITMENT 13699 5428 8271 BANK FEES 7683 7683 STAFF TRAINING AND DEVE 2371 827 1544 300 186 114 1270787 962694 308093 0 1277670 1491194 118000 0 566392 665458 2475 26747 742026 58376 0 683650 7452418 4980219 5826198 8782567 15243153 16629835 239693 272797 0 40489 12349877 13986234 4553206 4525572 17142776 18825092 X -2062123 -2195257 162500 0 -1899623 -2195257 15243153 16629835 X -292147 -3487 X X 0 1 1 X 0 X X X X 0 0 0 THE REINVESTMENT FUND INC 232331946 501(C)(3) 1 1 1 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 738776 58213 680563 3250 163 3087 683650 MARKETABLE SECURITIES 4980219 F 4980219 PROPERTY HELD FOR DEVELOPMENT OR SALE 8761063 PREPAID INTEREST 21504 8782567 DUE TO AFFILIATES - TRF 4525572 4525572 978640 1270787 -292147 -3487 -3487 -295634 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME TAX FOR THE YEAR ENDED DECEMBER 31,2011. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. CONSEQUENTLY, NO ACCRUAL FOR INTEREST AND PENALTIES WAS DEEMED NECESSARY FOR THE YEAR ENDED DECEMBER 31, 2011. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2008. X X X 0 0 0 0 0 0 0 0 0 C SEAN CLOSKEY 0 140262 0 747 0 624 0 0 0 22095 0 163728 0 0 DONALD HINKLE-BROWN 0 246333 0 20849 0 5783 0 0 0 27352 0 300317 0 0 MICHAEL CRIST 0 205413 0 849 0 19305 0 0 0 9816 0 235383 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION HAS ENGAGED AN INDEPENDENT FIRM (MCGLADREY LLP) TO PREPARE FORM 990 IN ACCORDANCE WITH OUR AUDITED CONSOLIDATED FINANCIAL STATEMENTS. THE FORM 990 IS THEN REVIEWED BY MANAGEMENT AND TRF'S AUDIT AND FINANCE COMMITTEE WHICH IS A SUB-COMMITTEE OF THE FULL BOARD WITH FISCAL AND FIDUCIARY OVERSIGHT. FORM 990, PART VI, SECTION B, LINE 12C COMPREHENSIVE CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED ANNUALLY TO ALL BOARD AND COMMITTEE MEMBERS. UPON RECEIPT OF THE QUESTIONNAIRE, ALL BOARD AND COMMITTEE MEMBERS HAVE 60 DAYS TO RETURN THE COMPLETED QUESTIONNAIRE TO THE ORGANIZATION'S HUMAN RESOURCE DEPARTMENT. THE COMPLETED QUESTIONNAIRES ARE REVIEWED AND MONITORED BY THE HUMAN RESOURCE DEPARTMENT AND ANY POTENTIAL CONFLICTS ARE COMMUNICATED TO THE ORGANIZATION'S MANAGEMENT AND BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE ORGANIZATION'S CEO THROUGH A VARIETY OF SOURCES, INCLUDING COMPETITOR DATA AND SURVEYS. ADDITIONALLY, THE ORGANIZATION HAS ENGAGED THE SERVICES OF AN INDEPENDENT CONSULTANT TO PROVIDE AN OPINION ON THE REASONABLENESS OF THE COMPENSATION PLAN FOR THE CEO AND THREE TOP MANAGEMENT OFFICIALS USING COMPARATIVE DATA AND SURVEY DATA. THE OPINION LETTER FOR THE CEO COMPENSATION IS SENT DIRECTLY TO THE CHAIRMAN OF THE BOARD. THE OPINION LETTER FOR THE THREE TOP MANAGEMENT OFFICIALS IS SENT DIRECTLY TO THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT, FORM(S) 1023, 990 AND FINANCIAL STATEMENT AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST THROUGH ITS OFFICES AT 1700 MARKET STREET, 19TH FLOOR, PHILADELPHIA, PA 19103. GOVERNING DOCUMENT REQUESTS ARE EVALUATED AND PROVIDED ON A CASE BY CASE BASIS. THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE REINVESTMENT FUND'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,487. FORM 990, PART XI, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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