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        <Depreciation>3468671</Depreciation>
        <BookValue>2933403</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>39599751</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>BOND ISSUANCE COSTS</Description>
        <BookValue>3431402</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DEPOSITS AND OTHER ASSETS</Description>
        <BookValue>281235</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>ASSETS LIMITED AS TO USE</Description>
        <BookValue>4732686</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>8445323</TotalBookValueOtherAssets>
      <OtherLiabilities>
        <Description>DUE TO NEW YORK STATE</Description>
        <Amount>10269609</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>OTHER LIABILITIES</Description>
        <Amount>13786325</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>24055934</TotalOfAmounts>
      <TotalRevenue>201054564</TotalRevenue>
      <TotalExpenses>195084394</TotalExpenses>
      <ExcessOrDeficitForYear>5970170</ExcessOrDeficitForYear>
      <TotalAdjustments>0</TotalAdjustments>
      <ExcessOrDeficitPerFS>5970170</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>201054564</TotRevenueEtcAuditedFinclStmt>
      <RevenueNotRptdF990>0</RevenueNotRptdF990>
      <RevenueSubtotal>201054564</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>201054564</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>195084394</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>195084394</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>195084394</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <ReturnReference>PART IV, LINE 2B:</ReturnReference>
        <Explanation>CONSUMER BANK ACCOUNTS ARE MAINTAINED BY THE INDIVIDUAL PROGRAMS WHERE THE CONSUMER RESIDES. EACH CONSUMER HAS A BANK LEDGER AND AN IN-HOUSE LEDGER. THE BANK LEDGER RECORDS ALL THE DEPOSITS AND WITHDRAWALS THAT TAKE PLACE IN THE ACCOUNT. THE IN-HOUSE LEDGER PROVIDES THE DETAIL ON HOW CONSUMER SPENDS MONEY THAT IS WITHDRAWN FROM THEIR ACCOUNT.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X:</ReturnReference>
        <Explanation>YAI HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.PERIODS ENDING JUNE 30, 2008 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>GALA</NameOfEvent1>
        <GrossReceiptsEvent1>1086791</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>858335</CharitableContributionsEvent1>
        <GrossRevenueEvent1>228456</GrossRevenueEvent1>
        <FoodAndBeverageEvent1>119600</FoodAndBeverageEvent1>
        <OtherDirectExpensesEvent1>108305</OtherDirectExpensesEvent1>
        <NameOfEvent2>CENTRAL PARK CHALLENGE</NameOfEvent2>
        <GrossReceiptsEvent2>1405571</GrossReceiptsEvent2>
        <CharitableContributionsEvent2>1405571</CharitableContributionsEvent2>
        <OtherDirectExpensesEvent2>351236</OtherDirectExpensesEvent2>
        <TotalNumberOfOtherEvents>5</TotalNumberOfOtherEvents>
        <GrossReceiptsOtherEvents>251800</GrossReceiptsOtherEvents>
        <CharitableContribOtherEvents>102605</CharitableContribOtherEvents>
        <GrossRevenueOtherEvents>149195</GrossRevenueOtherEvents>
        <OtherDirectExpensesOtherEvents>166693</OtherDirectExpensesOtherEvents>
        <GrossReceiptsTotal>2744162</GrossReceiptsTotal>
        <CharitableContributionsTotal>2366511</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>377651</GrossRevenueTotalEvents>
        <FoodAndBeverageTotalEvents>119600</FoodAndBeverageTotalEvents>
        <OtherDirectExpensesTotalEvents>626234</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>745834</DirectExpenseSummaryEvents>
        <NetIncomeSummary>-368183</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <CompensationCommittee>X</CompensationCommittee>
      <IndependentConsultant>X</IndependentConsultant>
      <Form990OfOtherOrganizations>X</Form990OfOtherOrganizations>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>1</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>0</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>0</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>0</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>0</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>1</AnyNonFixedPayments>
      <InitialContractException>0</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>PHILIP LEVY</NamePerson>
        <BaseCompensationFilingOrg>667092</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>190000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>11669</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>53879</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>32272</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>954912</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>THOMAS DERN</NamePerson>
        <BaseCompensationFilingOrg>322962</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>165215</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>9056</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>44562</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>21512</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>563307</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>STEPHEN FREEMAN</NamePerson>
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        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>187926</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>10478</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>48023</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>22740</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>605039</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>KAREN WEGMANN</NamePerson>
        <BaseCompensationFilingOrg>260946</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>113747</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>11761</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>38136</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>7749</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>432339</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>MARCO DAMIANI</NamePerson>
        <BaseCompensationFilingOrg>174212</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>58512</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>7594</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>25605</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>22517</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>288440</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>PAUL SMOLLER</NamePerson>
        <BaseCompensationFilingOrg>187438</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>72525</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>6690</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>42113</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>10543</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>319309</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>MICHAEL KRAMER</NamePerson>
        <BaseCompensationFilingOrg>152700</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>55494</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>4145</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>41302</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>22681</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>276322</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>BENJIMAN NIVIN</NamePerson>
        <BaseCompensationFilingOrg>147084</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>120309</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>2244</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>36561</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>24557</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>330755</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>VERA HALPENNY</NamePerson>
        <BaseCompensationFilingOrg>160979</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>51994</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>1563</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>40793</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>9619</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>264948</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>J LEVY</NamePerson>
        <BaseCompensationFilingOrg>250000</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>120000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>719518</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>1089518</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>719518</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <ReturnReference>PART I, LINE 4B</ReturnReference>
        <Explanation>THE AGENCY DID NOT MAINTAIN ANY SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS UNDER WHICH ANY PARTICIPANTS ACCRUED BENEFITS IN 2010. HOWEVER, DR. JOEL LEVY WAS PAID BENEFITS UNDER A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") IN 2010 FOR BENEFIT ACCRUED FROM 1984 THROUGH 2005. ACCRUED BENEFITS CEASED FOR DR. LEVY IN 2005. BENEFITS PAID UNDER THE SERP IN 2010 AND REPORTED ON PART II OF SCHEDULE J REPRESENTED AMOUNTS THAT WERE DUE FROM JULY 1, 2009 THROUGH DECEMBER 31, 2010. NO BENEFITS HAVE BEEN PAID TO DR. LEVY UNDER THE SERP AS OF THE DATE OF FILING THIS FORM 990 SINCE JUNE 30, 2011. THREE OTHER LISTED PERSONS WERE ALSO PARTICIPANTS IN THE SERP- PHILIP LEVY, STEPHEN FREEMAN AND THOMAS DERN, NO SERP BENEFITS WERE PAID TO THESE PARTICIPANTS.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <ReturnReference>PART I, LINE 7</ReturnReference>
        <Explanation>IN 2010, THE AGENCY SET BASE PAY AND TOTAL PAY (I.E., INCLUDING "INCENTIVE" OR "AT RISK" COMPENSATION) GENERALLY WITH REFERENCE TO THE 75TH PERCENTILE OF COMPARABLE ORGANIZATIONS. THE AGENCY HISTORICALLY MAINTAINED AN INCENTIVE COMPENSATION PROGRAM THAT PAID VARIABLE COMPENSATION IF BOTH THE ORGANIZATION AND THE EXECUTIVE MET QUALITY OF CARE, PROGRAM, FINANCIAL AND SIMILAR GOALS ESTABLISHED AT THE BEGINNING OF THE YEAR PRIOR TO THE COMPENSATION AWARD. THIS ARRANGEMENT NO LONGER IS MAINTAINED IN THE FORM IT WAS MAINTAINED IN 2010.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>SUPPLEMENTAL INFORMATION</Identifier>
        <ReturnReference>PART III</ReturnReference>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="RetDoc1053100001">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>132906040</IssuerEIN>
        <CUSIPNumber>SEESCHEDO</CUSIPNumber>
        <DateIssued>2004-08-19</DateIssued>
        <IssuePrice>3162184</IssuePrice>
        <DescriptionOfPurpose>TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY.</DescriptionOfPurpose>
        <Defeased>0</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
        <PoolFinancing>0</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>COUNTY OF WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>521294265</IssuerEIN>
        <CUSIPNumber>SEESCHEDO</CUSIPNumber>
        <DateIssued>2004-08-19</DateIssued>
        <IssuePrice>1217279</IssuePrice>
        <DescriptionOfPurpose>TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY.</DescriptionOfPurpose>
        <Defeased>0</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
        <PoolFinancing>0</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>COUNTY OF WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>521294265</IssuerEIN>
        <CUSIPNumber>SEESCHEDO</CUSIPNumber>
        <DateIssued>2005-03-23</DateIssued>
        <IssuePrice>3160000</IssuePrice>
        <DescriptionOfPurpose>TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY.</DescriptionOfPurpose>
        <Defeased>0</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
        <PoolFinancing>0</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>132906040</IssuerEIN>
        <CUSIPNumber>SEESCHEDO</CUSIPNumber>
        <DateIssued>2006-03-01</DateIssued>
        <IssuePrice>1872309</IssuePrice>
        <DescriptionOfPurpose>TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY.</DescriptionOfPurpose>
        <Defeased>0</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
        <PoolFinancing>0</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>3162184</TotalProceeds>
        <AmountInReserveFund>316000</AmountInReserveFund>
        <IssuanceCostsFromProceeds>63244</IssuanceCostsFromProceeds>
        <CapitalExpenditures>2782941</CapitalExpenditures>
        <YearOfSubstCompletion>2004</YearOfSubstCompletion>
        <CurrentRefunding>0</CurrentRefunding>
        <AdvanceRefunding>0</AdvanceRefunding>
        <FinalAllocationMade>1</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <TotalProceeds>1217279</TotalProceeds>
        <AmountInReserveFund>121000</AmountInReserveFund>
        <IssuanceCostsFromProceeds>24346</IssuanceCostsFromProceeds>
        <CapitalExpenditures>1071933</CapitalExpenditures>
        <YearOfSubstCompletion>2004</YearOfSubstCompletion>
        <CurrentRefunding>0</CurrentRefunding>
        <AdvanceRefunding>0</AdvanceRefunding>
        <FinalAllocationMade>1</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <TotalProceeds>3160000</TotalProceeds>
        <AmountInReserveFund>316000</AmountInReserveFund>
        <IssuanceCostsFromProceeds>63200</IssuanceCostsFromProceeds>
        <CapitalExpenditures>2780800</CapitalExpenditures>
        <YearOfSubstCompletion>2005</YearOfSubstCompletion>
        <CurrentRefunding>0</CurrentRefunding>
        <AdvanceRefunding>0</AdvanceRefunding>
        <FinalAllocationMade>1</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <TotalProceeds>1872309</TotalProceeds>
        <AmountInReserveFund>137059</AmountInReserveFund>
        <IssuanceCostsFromProceeds>37446</IssuanceCostsFromProceeds>
        <CapitalExpenditures>1697804</CapitalExpenditures>
        <YearOfSubstCompletion>2006</YearOfSubstCompletion>
        <CurrentRefunding>0</CurrentRefunding>
        <AdvanceRefunding>0</AdvanceRefunding>
        <FinalAllocationMade>1</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>0</OwningBondFinancedProperty>
        <AnyLeaseArrangements>0</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>0</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>0</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>1</BondCounselRoutinelyEngaged>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>1</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>0</OwningBondFinancedProperty>
        <AnyLeaseArrangements>0</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>0</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>0</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>1</BondCounselRoutinelyEngaged>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>1</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>0</OwningBondFinancedProperty>
        <AnyLeaseArrangements>0</AnyLeaseArrangements>
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        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>1</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>1</Form8038TFiled>
        <VariableRateIssue>0</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>0</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>0</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>0</GrossProceedsInvested>
        <ExceptionToRebate>0</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>DANIEL DERN</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>FAMILY OF COO</Relationship>
        <AmountOfTransaction>70399</AmountOfTransaction>
        <DescriptionOfTransaction>EMPLOYMENT</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>MARC DERN</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>FAMILY OF COO</Relationship>
        <AmountOfTransaction>36210</AmountOfTransaction>
        <DescriptionOfTransaction>EMPLOYMENT</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>JOEL LEVY</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>FAMILY OF CEO</Relationship>
        <AmountOfTransaction>250000</AmountOfTransaction>
        <DescriptionOfTransaction>INDEPENDENT CONTRACTOR</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>YAI EXECUTIVE MANAGEMENT WORKS WITH THE AUDIT FIRM AND OUTSIDE COUNSEL TO PREPARE THE DRAFT 990 FOR BOARD REVIEW. A COPY OF THE COMPLETED FORM 990 IS PRESENTED TO THE BOARD MEMBERS IN ADVANCE OF A TELEPHONIC OR REGULAR MEETING OF THE BOARD. THE BOARD MEMBERS ARE AFFORDED THE OPPORTUNITY TO ASK QUESTIONS AND REQUEST CHANGES (IF THERE ARE PERCEIVED FACTUAL INACCURACIES). THE FINAL FORM 990 IS APPROVED AS PRESENTED OR, IF APPLICABLE, AS CHANGED, BY A MAJORITY VOTE OF THE MEMBERS PRESENT AT THE MEETING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>ON AN ANNUAL BASIS EACH OFFICER, DIRECTOR, TRUSTEE, AND KEY EMPLOYEE SHALL COMPLETE A CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. AN AMENDED FORM MUST BE FILED IN THE EVENT OF A MATERIAL CHANGE OF CIRCUMSTANCES. THE COMPLETED FORM SHALL BE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE CHIEF COMPLIANCE OFFICER AND ANY OTHER STAFF AS NECESSARY TO DISCERN IF THERE MAY BE A CONFLICT OF INTEREST IN THE CONDUCT OF AGENCY BUSINESS OR THAT MAY CREATE AN APPEARANCE OF INVOLVING A CONFLICT OF INTEREST. THE CHIEF COMPLIANCE OFFICER SHALL REPORT TO THE BOARD AT LEAST ANNUALLY ON ANY DISCLOSED CONFLICT OF INTEREST. IN THE EVENT THERE IS A CONFLICT OF INTEREST, PURSUANT TO THE CONFLICT OF INTEREST POLICY, THE PERSON WHO HAS THE CONFLICT RECUSES HIMSELF/HERSELF FROM ANY DECISION AND DOESN'T PARTICIPATE IN ANY CONFLICT OF INTEREST DECISION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE BOARD HAS ADOPTED A COMPENSATION POLICY (THE "POLICY") FOR COVERED INDIVIDUALS. PURSUANT TO THE POLICY, AN EXECUTIVE COMPENSATION COMMITTEE ("ECC") OF INDEPENDENT DIRECTORS WAS ESTABLISHED TO REVIEW THE COMPENSATION OF ALL EMPLOYEES SPECIFIED AS HAVING A SUBSTANTIAL INFLUENCE OVER THE AGENCY AND WHO RECEIVE REMUNERATION FROM THE AGENCY, INCLUDING THE AGENCY'S SENIOR EXECUTIVES. THE ECC IS ADVISED BY INDEPENDENT COMPENSATION CONSULTANTS AND SEPARATELY RETAINED COUNSEL, WHO OPINE TO THE ECC THAT THE LEVEL OF COMPENSATION PAID AND THE PROCESS BY WHICH COMPENSATION IS ESTABLISHED MEET APPLICABLE IRS REASONABLENESS AND "SAFE HARBOR" STANDARDS UNDER THE TAX LAW'S "INTERMEDIATE SANCTIONS" RULES. THE OUTSIDE COMPENSATION CONSULTANTS AND COUNSEL PROVIDE DATA ON COMPENSATION PROVIDED AT COMPARABLE ORGANIZATIONS TO ENSURE THAT THE AGENCY PAYS ONLY REASONABLE COMPENSATION, AND DOES NOT COMPENSATE IN EXCESS OF MARKET NORMS. THE ECC MAKES RECOMMENDATIONS TO THE FULL BOARD. THE ECC'S DECISIONS ARE SUBJECT TO APPROVAL BY THE FULL BOARD PRIOR TO BEING IMPLEMENTED. IN RESPONSE TO VARIOUS ECONOMIC CHALLENGES, THE BOARD HAS SUBSTANTIALLY REVISED THE AGENCY'S AND THE ECC'S EXECUTIVE MANAGEMENT AND EXECUTIVE COMPENSATION POLICIES AND PRACTICES, INCLUDING THE COMPENSATION POLICY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>INFORMATION IS AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART XII, LINE 2C:</ReturnReference>
        <Explanation>THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>SCHEDULE K, PART 1, COLUMN (C) CUSIP #</ReturnReference>
        <Explanation>A. 64971C 2E3,64971C 2F0 B. 957368 FT5, 957368 FU2 C. 957368 GE7, 957368 GF4, 957368 GG2 D. 649710 AE0, 649710 AF7, 649710 AG5, 649710 AH3, 649710 AJ9 E. 631657 HW6, 631657 HX4, 631657 HY2, 631657 HZ9, 631657 JA1, 631657 JB0, 631657 JC8 F. 649710 AT7, 649710 AU4, 649710 AV2, 649710 AW0, 649710 AX8, 649710 AY6, 649710 AZ3, 649710 BA7, 649710 BB5 G. 864768 MG8, 864768 MH6,864768 MJ2, 864768 MK9, 864768 ML7, 864768 MM5, 864768 MN3, 864768 MP8 H. 957368 GN7, 957368 GP2, 957368 GQ0, 957368 GR8, 957368 GS6, 957368 GT4, 957368 GU1, 957368 GV9 I. 631657 JH7, 631657 JJ3, 631657 JK0, 631657 JL8, 631657 JM6, 631657 JN4, 631657 JP9, 631657 JQ7 J. 649710 BL3, 649710 BM1, 649710 BN9, 649710 BP4, 649710 BQ2, 649710 BR0, 649710 BS8, 649710 BT6, 649710 BU3 K. 649438 EY0, 649438 EZ7, 649438 FA1, 649438 FB9, 649438 FC7 L. 864768 NY8, 864768 NZ5, 864768 PA8, 864768 PB6, 864768 PC4, 864768 PD2, 864768 PE0, 864768 PF7, 864768 PG5 M. 649905 S31, 649905 S49, 649905 S56, 649905 S64, 649905 S72, 649905 S80, 649905 S98, 64990 T22, 649905 T30, 649905 T89 649905 T48, 649905 T55, 649905 T63</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990 PART III QUESTION 1</ReturnReference>
        <Explanation>YOUNG ADULT INSTITUTE, INC. (YAI) WAS ORGANIZED AND INCORPORATED IN 1957 UNDER THE NOT-FOR-PROFIT CORPORATION LAW OF NEW YORK STATE. YAI. HAS BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. YAI SERVES PEOPLE OF ALL AGES WITH DEVELOPMENTAL AND LEARNING DISABILITIES, FROM INFANTS THROUGH THE ELDERLY, IN A VARIETY OF COMMUNITY SETTINGS AND AT HOME THROUGH STATE-OF-THE-ART PROGRAMS THAT HELP TO BUILD SKILLS, EXPAND OPPORTUNITIES, AND SUPPORT COMMUNITY LIVING THROUGHOUT THE NEW YORK METROPOLITAN AREA, WESTCHESTER, AND LONG ISLAND. YAI HAS A NATIONAL IMPACT AS A HIGHLY ACCLAIMED PROFESSIONAL ORGANIZATION. THROUGH OUR TRAINING INSTITUTE, ANNUAL INTERNATIONAL CONFERENCE, DEVELOPMENT OF INNOVATIVE TRAINING MATERIALS, RESEARCH AND PUBLICATIONS, YAI PROMOTES THE PROFESSIONAL DEVELOPMENT OF STAFF IN OUR FIELD, WHICH ENHANCES THE LIVES OF CONSUMERS AND THEIR FAMILIES. THROUGH THESE AND OTHER ADVOCACY EFFORTS, WE ELEVATE THE PUBLIC'S AWARENESS OF THE ABILITIES, NEEDS AND RIGHTS OF INDIVIDUALS WITH DISABILITIES. YAI PROGRAMS INCLUDE: RESIDENTIAL SERVICES DAY SERVICES EMPLOYMENT TRAINING AND PLACEMENT FAMILY SUPPORT SERVICES AND RECREATION MENTAL HEALTH AND REHABILITATION CERTIFIED HOME HEALTH CARE CAMPING AND TRAVEL YAI'S MORE THAN 269 PROGRAMS AND DIRECT SERVICES BENEFIT MORE THAN 9,000 INDIVIDUALS AND THEIR FAMILIES DAILY IN 10 COUNTIES THROUGHOUT THE NEW YORK METROPOLITAN AREA.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>