2011-11-15T09:09:51-06:00 2010-12-31 O'CONNOR DAVIES MUNNS & DOBBINS LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2010-01-01 133627750 COMMUNITY HOUSING INNOVATIONS INC COMM 9146831010 190 EAST POST ROAD WHITE PLAINS NY 10601 JEROME J AUGUST 9146831010 2011-11-14 1 9143818900 2010 2016-03-07 17:11:31Z ALEXANDER H ROBERTS 190 EAST POST ROAD WHITE PLAINS NY 10601 17064689 0 X WWW.CHIGRANTS.ORG X 1991 NY TO ESTABLISH, MAINTAIN AND OPERATE TRANSITIONAL HOUSING AND TO DEVELOP PERMANENT HOUSING FOR HOMELESS AND LOW-INCOME INDIVIDUALS AND FAMILIES. 6 5 242 5 0 0 2435240 3183719 12128914 12748139 1403 165086 216059 572336 14781616 16669280 535921 746100 0 0 5585065 6497273 0 0 0 9024186 9284943 15145172 16528316 -363556 140964 31062738 31177274 26946927 26798913 4115811 4378361 X COMMUNITY HOUSING INNOVATIONS, INC. (CHI), FOUNDED IN 1991, IS A NOT-FOR-PROFIT ORGANIZATION SERVING FIVE NEW YORK STATE COUNTIES. CHI'S MISSION IS TO "PROVIDE LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS WITH THE HOUSING AND HUMAN SERVICES THAT ENABLE THEM TO ACHIEVE THE GREATEST SOCIAL AND ECONOMIC INDEPENDENCE AT THE LOWEST COST TO SOCIETY." 0 0 8970658 8910758 COUNTY FUNDED: PROGRAMS FUNDED BY THE COUNTY TO HELP CHI PROVIDE HOUSING AND HUMAN SERVICES TO HOMELESS AND LOW INCOME FAMILIES AND INDIVIDUALS.SUFFOLK COUNTY EMERGENCY HOUSING:CHI'S LARGEST PROGRAM WHICH PROVIDES HOMELESS SERVICES IS UNDER A CONTRACT WITH THE SUFFOLK COUNTY DEPARTMENT OF SOCIAL SERVICES. ON A DAILY BASIS, CHI PROVIDES EMERGENCY HOUSING TO AN AVERAGE OF 225 PEOPLE RESIDING IN 12 CONGREGATE SHELTERS, 10 OF WHICH ARE FOR FAMILIES. IN 2010 CHI SERVED 322 FAMILIES AND 101 SINGLES AND MOVED 130 CASES TO PERMANENT HOUSING. THESE SUPERVISED FAMILY RESIDENCES ARE LOCATED IN LARGE HOMES AND HAVE STAFF AVAILABLE AT ALL TIMES. THROUGH ON-SITE CASE MANAGEMENT AND COMMUNITY SERVICES FAMILIES ARE ASSISTED IN BECOMING PERSONALLY AND ECONOMICALLY SELF-SUFFICIENT. THE SUPERVISED SINGLES RESIDENCE IS LICENSED BY THE STATE OF NEW YORK AS AN ADULT CARE FACILITY-SHELTER. IT SERVES AN AVERAGE OF 25 SINGLE ADULTS PER NIGHT. THEY RANGED IN AGE FROM 20 TO 79. THE BUILDING IS EQUIPPED WITH A HANDICAPPED RAMP AND BATHROOM AND THE ADDITION OF APPROPRIATE APPLIANCES THAT PERMIT THE PROGRAM TO EXPAND TO ITS LICENSE CAPACITY OF 32 ADULTS. DUTCHESS COUNTY EMERGENCY AND SRO HOUSING:IN DUTCHESS COUNTY, HOMELESS HOUSING AND SERVICES ARE COMPRISED OF TWO SEPARATE PROGRAMS. THE FIRST PROGRAM IS UNDER CONTRACT WITH THE DUTCHESS COUNTY DEPARTMENT OF SOCIAL SERVICES. IT IS A 18-UNIT CONGREGATE SHELTER. IN 2010 CHI SERVED 83 FAMILIES (199 PEOPLE); 62% OF THESE FAMILIES MOVED TO PERMANENT HOUSING. THE RESIDENTS HAVE STAFF AVAILABLE AT ALL TIMES; 24/7. THROUGH ON-SITE CASE MANAGEMENT AND COMMUNITY SERVICES FAMILIES ARE ASSISTED IN BECOMING PERSONALLY AND ECONOMICALLY SELF-SUFFICIENT.THE SECOND PROGRAM IS A MIXED USE BUILDING SERVING 19 SINGLE MEN. EIGHT ARE PART OF THE EMERGENCY SERVICES PROGRAM UNDER CONTRACT WITH THE DUTCHESS COUNTY DEPARTMENT OF SOCIAL SERVICES ON A PER DIEM BASIS. FOUR ARE IN UNITS SET-ASIDE SPECIFICALLY FOR TENANTS AT A DSS RENTAL RATE. AN ADDITIONAL SEVEN ARE CONSIDERED SRO PERMANENT RENTAL TENANTS. THE PROGRAM IS LOCATED IN A LARGE BUILDING WHICH WAS FORMERLY USED AS A BOARDING HOUSE. CASE MANAGEMENT SERVICES ARE AVAILABLE AND A LIFE SKILLS COUNSELOR IS PROVIDED BY THE NYS OFFICE OF TEMPORARY AND DISABILITY ASSISTANCE. IN 2010 47 MEN RESIDED IN THIS BUILDING WITH SOME OF THEM MOVING INTO THE MORE PERMANENT UNITS IN THE BUILDING.ORANGE COUNTY EMERGENCY HOUSING:IN AUGUST, 2010 CHI OPENED AN EMERGENCY HOUSING PROGRAM UNDER CONTRACT WITH THE ORANGE COUNTY DEPARTMENT OF SOCIAL SERVICES. THE PROGRAM PROVIDES SELF-SUFFICIENCY AND HOUSING ASSISTANCE. UP TO 20 ROOMS ARE AVAILABLE TO HOUSE HOMELESS HOUSEHOLDS. CASE MANAGEMENT AND SECURITY ARE PROVIDED 24/7. MEAL AND TRANSPORTATION SERVICES ARE ALSO AVAILABLE. IN 2010 46 HOUSEHOLDS (108 PEOPLE) WERE ASSISTED. 83 PERCENT OF ALL DISCHARGES MOVED INTO PERMANENT HOUSING.WESTCHESTER COUNTY EMERGENCY HOUSING:CHI PROVIDES SCATTERED SITE EMERGENCY HOMELESS HOUSING AND SUPPORT SERVICES UNDER CONTRACT WITH THE WESTCHESTER COUNTY DEPARTMENT OF SOCIAL SERVICES. CHI OPERATES 26 HOUSING UNITS FOR FAMILIES. CASE MANAGEMENT AND SERVICE COORDINATION IS PROVIDED IN THE HOME TO ASSIST FAMILIES IN RE-ESTABLISHING COMMUNITY TIES, REMOVING BARRIERS AND OBTAINING PERMANENT HOUSING. STAFF ARE AVAILABLE 24/7. IN 2010 43 FAMILIES WERE SERVED (103 PEOPLE). 15 FAMILIES WHO LEFT THE PROGRAM MOVED INTO PERMANENT HOUSING. NASSAU COUNTY EMERGENCY HOUSING:THROUGH THE NASSAU COUNTY DEPARTMENT OF SOCIAL SERVICES CHI OPERATES TWO DISTINCT PROGRAMS. THE FIRST IS A TRANSITIONAL PROGRAM FOR FAMILIES LOCATED IN 15 SCATTERED-SITE UNITS. THE SECOND IS COMPOSED OF 4 CONGREGATE SUPERVISED FAMILY RESIDENCES. THREE OF THE SITES SERVE FAMILIES. ONE SITE SERVES SINGLE INDIVIDUALS AND COUPLES AS WELL. IN 2010, THESE PROGRAMS SERVED AN AVERAGE OF 118 PEOPLE DAILY. AT YEAR END CHI SERVED 136 FAMILIES AND 168 SINGLES MOVING 60 CASES TO PERMANENT HOUSING. THE SUPERVISED FAMILY RESIDENCES ARE LOCATED IN LARGE HOMES; ONE IS IN A MOTEL-SETTING. ALL HAVE STAFF AVAILABLE AT ALL TIMES. THROUGH ON-SITE CASE MANAGEMENT AND COMMUNITY SERVICES THE HOMELESS PERSONS ARE ASSISTED IN BECOMING PERSONALLY AND ECONOMICALLY SELF-SUFFICIENT. PARENTS, SINGLE INDIVIDUALS AND CHILDREN ARE PROVIDED WITH A SAFE HOME AND ACCESS TO EDUCATIONAL, VOCATIONAL, EMPLOYMENT AND OTHER COMMUNITY SERVICES ACCORDING TO THEIR GOALS. THESE INCLUDE RESOURCES FOR THOSE WITH MENTAL ILLNESSES, HISTORIES OF SUBSTANCE ABUSE, PHYSICAL DISABILITIES AND OTHER SPECIALIZED NEEDS. 3944947 3698816 PERMANENT HOUSING: COMBINES FEDERAL, STATE AND LOCAL GRANTS WITH PRIVATE BANK FINANCING TO CREATE COST EFFECTIVE SOLUTIONS TO THE AFFORDABLE HOUSING CRISIS. THEY SERVE BOTH HOMELESS AND NON-HOMELESS LOW TO MODERATE INCOME FAMILIES.CHI MAINTAINED OVER 600 UNITS OF PERMANENT HOUSING IN SUFFOLK, NASSAU AND WESTCHESTER COUNTIES IN 2009. THE HOUSING STOCK SERVES HOMELESS FAMILIES AND ALSO PROVIDES AFFORDABLE HOUSING FOR THE GENERAL WORKFORCE. FOR THE 115 OF THESE UNITS THAT SERVE THE HOMELESS, CHI ALSO PROVIDES SUPPORTIVE CASE MANAGEMENT SERVICES THAT HELP STABILIZE THE FAMILIES AND MAKE THEM MORE PRODUCTIVE MEMBERS OF THE COMMUNITY. CHI FINANCES PURCHASES OF THE PROPERTIES THROUGH THE CONVENTIONAL MORTGAGES AND GRANTS FROM GOVERNMENT AGENCIES.HUD SUPPORTIVE HOUSING PROGRAM (SHP) THE PROGRAM IS A VALUABLE TOOL IN THE EFFORT TO END HOMELESSNESS. CHI HAS DEVELOPED OR PARTICIPATED IN A SIGNIFICANT NUMBER OF SHP PROGRAMS IN BOTH NASSAU AND SUFFOLK COUNTIES. IN ORDER TO ACHIEVE A COMPREHENSIVE CONTINUUM OF CARE PROGRAM WHICH ADDRESSED THE NEEDS OF LONG ISLAND'S HOMELESS PEOPLE, COLLABORATIONS BETWEEN AGENCIES WERE CREATED TO DRAW ON THE EXPERTISE OF SUPPORTIVE SERVICES AGENCIES IN COLLABORATION WITH CHI AS THE HOUSING DEVELOPER. DURING THE PAST 15 YEARS, CHI AND 12 PARTNERS HAVE BEEN AWARDED MORE THAN $13.8 MILLION THROUGH THE HUD SUPPORTIVE HOUSING PROGRAM. AN ADDITIONAL $1.7 MILLION WAS OBTAINED THROUGH THE NASSAU COUNTY OFFICE OF HOUSING AND INTERGOVERNMENTAL AFFAIRS AND PRIVATE LENDERS COMMITTED MORTGAGES OF $3.5 MILLION TO AUGMENT THE COSTS OF ACQUISITION AND REHABILITATION. USING THIS MODEL, CHI AND ITS PARTNERS HAVE CREATED PERMANENT HOUSING WHICH, AT ANY POINT IN TIME, SERVES APPROXIMATELY 115 TO 130 INDIVIDUALS. ON ANY GIVEN DAY, 55 SINGLES AND 30 FAMILIES WHO WERE FORMERLY HOMELESS HAVE HOUSING PERMANENCY AND SUPPORTIVE SERVICES TO DEVELOP PERSONAL AND ECONOMIC GROWTH AND INDEPENDENCE. ALL OF THE PARTICIPANTS MUST HAVE A DISABLING CONDITION AS PART OF THEIR ELIGIBILITY. THERE IS LITTLE TURNOVER IN THESE UNITS WHERE TENANTS PAY NO MORE THAN 30% OF THEIR ADJUSTED GROSS INCOME. FOR A SINGLE INDIVIDUAL ON SSI OR PUBLIC ASSISTANCE, THIS MEANS A RENTAL PAYMENT OF $288 OR LESS. ON AVERAGE, 46% OF THE RESIDENTS HAVE A MENTAL HEALTH DIAGNOSIS; 45% A HISTORY OF CHRONIC SUBSTANCE ABUSE AND 9% A DEVELOPMENTAL DISABILITY. 1139034 746100 FIRST-TIME HOME BUYER GRANTS:CHI ADMINISTERED FIRST TIME HOME BUYER GRANTS FOR FAMILIES AND INDIVIDUALS IN 2010. THE GRANTS ARE PROVIDED BY NEW YORK STATE AGENCIES. CHI DISTRIBUTED 33 GRANTS THAT SERVED 12 FAMILIES IN WESTCHESTER COUNTY, 18 FAMILIES IN SUFFOLK COUNTY AND 3 FAMILIES IN ORANGE COUNTY. IN ADDITION TO THE GRANT ADMINISTRATION CHI PROVIDES COUNSELING SERVICES TO THE 33 GRANT RECIPIENTS AND 47 OTHER CLIENTS TO HELP THEM THROUGH THE HOME PURCHASE PROCESS. 1408451 138565 CHI OPERATES OTHER SMALLER PROGRAMS TO HELP LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES ACHIEVE GREATER SELF-SUFFICIENCY. 1408451 138565 15463090 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 114 0 1 242 1 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X JEROME J AUGUST 9146831010 190 EAST POST ROAD WHITE PLAINS NY 10601 ALEXANDER H ROBERTS 40.00 X X 191284 0 17216 STEVEN BRILL 0.30 X X 0 0 0 GERRY E FEINBERG 0.30 X 0 0 0 MARY BRINSON 0.30 X X 0 0 0 MICHAEL PUNTILLO 0.30 X 0 0 0 ARTHUR COPELAND 0.30 X 0 0 0 JEROME J AUGUST 40.00 X 121548 0 13869 ELIZABETH THOMAS 40.00 X 124226 0 13952 ROSEMARY DEHLOW 40.00 X 105996 0 13800 DEBORAH POST 40.00 X 116734 0 3511 659788 0 62348 5 0 1 0 ARROW SECURITY 60 KNICKERBOCKER AVE BOHEMIA NY 11716 SECURITY SERVICES 357399 37TH AVENUE CONTRACTING PO BOX 9569 PHILADELPHIA PA 19124 MAINTENANCE SERVICES 165925 A-Z ENTERPRISES 102 GREENPORT AVENUE MEDFORD NY 11763 MAINTENANCE SERVICES 126395 RW MULLIGAN CO INC 246 W MAIN STREET RIVERHEAD NY 11907 MAINTENANCE SERVICES 125100 DELTA GENERAL CONSTRUCTION & MANAGEMENT 1053 ARNOW AVE BRONX NY 10469 MAINTENANCE SERVICES 117470 5 3019203 164516 3183719 SCATTERED SITE HOUSING 532000 8910758 8910758 RENTAL INCOME 532000 3698816 3698816 MGMT & SOCIAL SERV FEE 531390 138565 138565 12748139 3616 3616 250000 306879 250000 145409 0 161470 161470 161470 DEVELOPMENT FEE INCOME 900099 515500 515500 REAL ESTATE COMMISSION 900099 30312 30312 INSURANCEC PROCEEDS 900099 9271 9271 17253 17253 572336 16669280 12748139 0 737422 746100 746100 490291 98348 391943 5005083 4802758 202325 107262 100344 6918 325706 289356 36350 568931 493049 75882 77646 53136 24510 62750 62750 846832 829633 17199 25182 15442 9740 361247 252435 108812 4821531 4757602 63929 146357 136857 9500 51069 51069 866074 859142 6932 228348 220793 7555 REPAIRS AND MAINTENANCE 1506385 1474480 31905 FOOD 177178 177178 MISCELLANEOUS 100087 91111 8976 TRAINING AND CONTINUING 7341 7341 LICENCES & PERMITS 6916 6916 16528316 15463090 1065226 0 354746 436092 364886 429071 2904797 2945681 51800 4506 29893835 7480031 22747807 22413804 61878 61798 4576824 4886322 31062738 31177274 1930270 2210699 10957170 11463182 13826466 11612598 233021 1512434 26946927 26798913 X 4115811 4328361 50000 4115811 4378361 31062738 31177274 X 140964 121586 X X 0 1 1 X 1 1 X 27960 87476 58775 2435240 3183719 5793170 12822224 12483758 14135999 12128914 12748139 64319034 12850184 12571234 14194774 14564154 15931858 70112204 20000 28500 14250 62750 0 20000 28500 14250 62750 70049454 42528 29570 18173 6817 3616 100704 42528 29570 18173 6817 3616 100704 452466 216059 572335 1240860 12892712 12600804 14665413 14787030 16507809 71453768 0.98030 0.97730 0.00140 0.00180 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME INSURANCE CLAIMS & SETTLEMENTS COUNSELING FEES LAUNDRY SERVICES DEVELOPMENT FEE REAL ESTATE COMMISSIONS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2273573 2273573 26513274 6647918 19865356 107736 73982 33754 999252 758131 241121 22413804 OTHER CURRENT ASSETS 73028 SECURITY DEPOSITS AND OTHER ASSETS 217888 DUE FROM RELATED ORGANIZATIONS 1544594 CONSTRUCTION IN PROGRESS 1282886 DEFERRED REFINANCING FEES 19804 PROPERTY HELD FOR RESALE 1748122 4886322 DEPOSITS PAYABLE 230783 INTEREST PAYABLE 2750 DUE TO RELATED ORGANIZATIONS 1278901 1512434 16669280 16528316 140964 121586 121586 262550 17437361 263028 594085 857113 16580248 89032 89032 16669280 17309867 263028 607555 870583 16439284 89032 89032 16528316 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: CHI RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT CHI HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. CHI IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO DECEMBER 31, 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: CAPITAL ASSETS RELEASED FROM REGULATORY LIEN 121,666. CHANGE IN NORTH KENSICO INVESTMENT -80. PART XII, LINE 2D - OTHER ADJUSTMENTS: INCOME ATTRIBUTABLE TO RELATED ENTITIES 594,085. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS ON CONSOLIDATED FINANCIAL STATEMENTS 89,032. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO RELATED ENTITIES 607,555. PART XIII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS ON CONSOLIDATED FINANCIAL STATEMENTS 89,032. 1 X FIRST TIME HOME BUYER DOWN PAYMENT ASSISTANCE 33 746100 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: A LEASE SIGNING MEETING IS HELD BETWEEN CHI, THE PASS THRU AGENCY AND THE HUD CLIENT. THE PURPOSE IS TO INSURE THAT THE PROPER DOCUMENTATION EXISTS TO PROVE A SPECIAL NEED AND HOMELESSNESS. IN ADDITION THE DOCUMENTATION IS REVIEWED TO INSURE THE PROPER CLIENT RENT AMOUNT (30% OF INCOME) IS CALCULATED. THE CHI HOUSING SPECIALIST MEETS ONCE PER MONTH WITH THE PASS THRU AGENCY (CASE MANAGER) TO INSURE THAT THEY ARE PERFORMING ACCORDING TO THE CONTRACT. EVERY OTHER MONTH (6 TIMES PER YEAR) THE CHI FIELD MANAGER ATTENDS THESE MEETINGS (ALONG WITH MANAGEMENT FROM THE PASS THRU AGENCY) TO INSURE PERFORMANCE AND DISCUSS AND RESOLVE ANY ISSUES. IN ADDITION TO THE ABOVE MEETINGS, CHI VISITS THE CLIENTS ONCE PER MONTH TO VERIFY WHAT HAS BEEN DISCUSSED IN THE MEETINGS. CHI ACCEPTS INVOICES ONLY AFTER THE COSTS HAVE BEEN INCURRED BY THE PASS THRU AGENCY. APPROXIMATELY 98% OF INVOICES ARE FOR SALARY AND BENEFITS OF THE PASS THRU AGENCY'S EMPLOYEES WHO WORK ON THE CONTRACT. AT THIS POINT, THE ONLY REMAINING ITEM IS TO INSURE THAT CHI IS PAYING FOR THE SALARY AND BENEFITS OF THE CORRECT EMPLOYEES. THERE CAN BE OTHER ELIGIBLE COSTS (SUCH AS, TRANSPORTATION COSTS FOR CLIENTS TO GET TO SERVICES). CHI'S PROCEDURES FOR MONITORING GRANTS GIVEN TO FIRST TIME HOME BUYERS: CHI THROUGH THE NEW YORK STATE AFFORDABLE HOUSING CORPORATION AND THE NEW YORK STATE TRUST FUND CORPORATION'S HOME PROGRAM OFFERS FIRST-TIME HOME BUYER ASSISTANCE TO COVER DOWN PAYMENT AND/OR CLOSING COSTS PLUS REHABILITATION EXPENSES WITH THE USE OF GRANT FUNDS. THE GRANTS ARE DEFERRED FORGIVABLE LOANS THAT DECLINE OVER TIME FOR A PERIOD OF 10 YEARS. COMMUNITY HOUSING INNOVATIONS, INC. HAS A CONTINUING RESPONSIBILITY TO MONITOR HOME OWNER OCCUPANCY REQUIREMENTS UNDER THE NYS HOUSING TRUST FUND CORPORATION'S HOME PROGRAM, THE NYS AFFORDABLE HOUSING CORPORATION'S PROGRAM AND/OR THE FEDERAL HOME LOAN BANK'S PROGRAM. EVERY YEAR, EACH PROGRAM RECIPIENT IS SENT A HOME MONITORING LETTER REQUIRING THEM TO CERTIFY THE HOME PURCHASED UNDER THESE PROGRAMS IS THEIR PRINCIPAL RESIDENCE. FURTHER, PURSUANT TO THE TERMS OF THE GRANT ASSISTANCE THEY RECEIVED, THEY MUST MAINTAIN HOME OWNER'S INSURANCE NAMING COMMUNITY HOUSING INNOVATIONS, INC., 190 EAST POST ROAD, WHITE PLAINS, NEW YORK 10601, AS SECOND MORTGAGEE. IF THE PROPERTY FOR WHICH ASSISTANCE PAYMENTS WERE MADE CEASES TO BE THE PRINCIPAL RESIDENCE OF THE FIRST-TIME HOME BUYER (OR THE FAMILY OF THE HOME BUYER), CHI, THE NYS HOUSING TRUST FUND CORPORATION, THE NYS AFFORDABLE HOUSING CORPORATION AND/OR THE FEDERAL HOME LOAN BANK MAY REQUIRE REPAYMENT OF ALL OR A PORTION OF THE ASSISTANCE PAYMENTS THE HOUSEHOLD RECEIVED. X X X 0 0 0 0 0 0 0 0 0 ALEXANDER H ROBERTS 191284 0 0 0 0 0 17216 0 0 0 208500 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A PAPER COPY OF FORM 990 IS SENT VIA CERTIFIED MAIL TO EACH VOTING MEMBER. A NOTE WILL BE ATTACHED INDICATING THAT THE FORM 990 HAS BEEN REVIEWED BY THE EXECUTIVE DIRECTOR, CFO AND AUDIT COMMITTEE; THAT THE AUDIT COMMITTEE WILL PRESENT THE FORM 990 TO THE VOTING BOARD AT THE NEXT SCHEDULED BOARD MEETING (WHICH MAY OR MAY NOT BE AFTER THE FORM 990 HAS BEEN SUBMITTED TO THE IRS). THE VOTING BOARD WILL BE ENCOURAGED TO ASK ANY QUESTIONS ABOUT THE FORM 990 TO THE AUDIT COMMITTEE PRIOR TO THE BOARD MEETING. THE EXECUTIVE DIRECTOR, CFO AND AUDIT COMMITTEE WILL REVIEW THE FORM 990 WITH THE INDEPENDENT AUDITORS PRIOR TO MAILING THE FORM 990 TO EACH BOARD VOTING MEMBER. FORM 990, PART VI, SECTION B, LINE 12C CHI HAS A CONFLICT OF INTEREST POLICY WHICH IS INCLUDED IN THE EMPLOYEE HANDBOOK AND DISCUSSED WITH NEW EMPLOYEES AS PART OF THEIR ORIENTATION PROCESS. THE POLICY INCLUDES "GIFTS AND FAVORS," "FINANCIAL INTERESTS" AND "FAMILY RELATIONSHIPS." THE TOPIC IS ALSO COVERED IN THE SECTION REGARDING "OUTSIDE EMPLOYMENT." CHI ENFORCES THIS POLICY VIGILANTLY. IN THE PAST, ALL BOARD MEMBERS HAVE RECUSED THEMSELVES FROM VOTES THAT MIGHT BE CONSTRUED AS CONFLICTS. STARTING IN 2009 ALL BOARD MEMBERS, OFFICERS AND PROFESSIONAL EMPLOYEES, INCLUDING THOSE IN THE KEY POSITIONS OF DIRECTOR OF PROPERTY MANAGEMENT,PROPERTY MANAGER, HUDSON VALLEY PROGRAM DIRECTOR, LONG ISLAND PROGRAM DIRECTOR, DIRECTOR OF HOUSING FINANCE AND REAL ESTATE DEVELOPMENT DIRECTOR, WERE REQUIRED TO SIGN A CERTIFICATION ON AN ANNUAL BASIS INDICATING THAT THEY HAVE READ, UNDERSTAND AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 A. EXECUTIVE DIRECTOR: THE CFO COLLECTS SALARY DATA FROM PUBLISHED SOURCES SUCH AS ROBERT HALF AND THE NY SALARY SURVEY FOR PROFESSIONALS FOR NONPROFITS. THE DATA ALONG WITH A RECOMMENDATION IS PRESENTED TO COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE BRINGS A RECOMMENDATION TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS, EXCLUSIVE OF THE EXECUTIVE DIRECTOR OF THE AGENCY (WHO IS ALSO A BOARD DIRECTOR), VOTES UPON THE COMMITTEE'S RECOMMENDATION. B. OTHER OFFICERS: THE CFO COLLECTS SALARY DATA FROM PUBLISHED SOURCES SUCH AS ROBERT HALF AND THE NY SALARY SURVEY FOR PROFESSIONALS FOR NONPROFITS. THE DATA ALONG WITH A RECOMMENDATION IS PRESENTED TO COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE BRINGS A RECOMMENDATION TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS VOTES UPON THE COMMITTEE'S RECOMMENDATION. C. OTHER KEY EMPLOYEES: THE CFO COLLECTS SALARY DATA FROM PUBLISHED SOURCES SUCH AS ROBERT HALF AND THE NY SALARY SURVEY FOR PROFESSIONALS FOR NONPROFITS. THE DATA IS DISCUSSED BY THE OFFICERS OF THE AGENCY. THE EXECUTIVE DIRECTOR RECOMMENDS ANY SALARY CHANGES FOR KEY EMPLOYEES TO THE FULL BOARD AND THE BOARD VOTES UPON THE RECOMMENDATION. EMPLOYEES SALARIES WERE LAST UPDATED IN JULY 2010. FORM 990, PART VI, SECTION C, LINE 18 CHI MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. CHI'S FORM 990 IS ALSO AVAILABLE ON GUIDESTAR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 CHI MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. CHI'S CONTLICT OF INTEREST POLICY WAS SUBMITTED TO THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) ON 1/31/06. IT IS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST AND WAS PLACED ON CHI'S WEBSITE IN 2009. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CAPITAL ASSETS RELEASED FROM REGULATORY LIEN 121,666. CHANGE IN NORTH KENSICO INVESTMENT -80. TOTAL TO FORM 990, PART XI, LINE 5: 121,586. FORM 990 PART XI LINE 2C THE PROCESS RELATED TO THE SELECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS. EACH YEAR THE AUDIT COMMITTEE REVIEWS THE AUDIT REQUIREMENTS AND RECOMMENDS TO THE VOTING BOARD THE RETENTION OF THE CURRENT AUDIT FIRM OR A PROPOSAL TO SEEK A NEW AUDITOR. CHI HAS ONLY CHANGED AUDIT FIRMS ONCE DUE TO THE PREVIOUS FIRM'S DECISION TO CLOSE ITS PRACTICE. MINERVA PLACE LLC 190 EAST POST ROAD WHITE PLAINS NY 10601 352253361 DEVELOP 14 UNITS OF AFFORDABLE HOUSING NY 0 1283807 COMMUNITY HOUSING INNOVATIONS INC CHI WEST I LLC 190 EAST POST ROAD WHITE PLAINS NY 10601 AFFORDABLE HOUSING NY 0 0 COMMUNITY HOUSING INNOVATIONS INC KENSICO LIMITED PARTNERSHIP 190 EAST POST ROAD WHITE PLAINS NY 10601 133879103 OWNER OF MULTI-FAMILY RESIDENTIAL BUILDINGS (74 UNITS) NY NORTH KENSICO CORPORATION RELATED 0 0 0.00000 CHI DEVELOPMENT CORPORATION 190 EAST POST ROAD WHITE PLAINS NY 10601 133899672 PURCHASE & REHABILITATE HOMES NY N/A C 1.00000 NORTH KENSICO CORPORATION 190 EAST POST ROAD WHITE PLAINS NY 10601 133836491 GENERAL PARTNER IN LOW INCOME TAX CREDIT PARTNERSHIP NY N/A C 61798 1.00000 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 NORTH KENSICO CORPORATION K KENSICO LIMITED PARTNERSHIP N KENSICO LIMITED PARTNERSHIP P