2011-11-14T14:30:18-06:00 2010-12-31 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174011 990 2010-01-01 133846708 Common Ground Community II HDFC COMM 2123899343 505 EIGHTH AVENUE 15TH FLOOR NEW YORK NY 10018 Eduardo ronquillo 2011-11-14 2125429609 2010 2016-03-07 17:11:31Z TIMOTHY MARX EXEC DIRECTOR 505 EIGHTH AVENUE 15TH FLOOR NEW YORK NY 10018 8926846 false X WWW.COMMONGROUND.ORG X 1995 NY OPERATION OF THREE HOUSING PROJECTS IN HARTFORD, CT AND NEW YORK CITY TO PROVIDE HOUSING, ACCESS TO JOB TRAINING, AND EMPLOYMENT SERVICES TO ELIGIBLE YOUNG ADULTS, FORMERLY HOMELESS, & LOW INCOME SINGLE ADULTS. 5 3 0 0 0 0 5032712 795657 7268455 4391936 107 -99 11056 3739352 12312330 8926846 0 0 0 0 166941 100179 0 0 0 1002948 686614 1169889 786793 11142441 8140053 19915491 31440625 2787000 6181192 17128491 25259433 X COMMON GROUND COMMUNITY II HDFC WAS FORMED AND IS OPERATED FOR THE CHARITABLE PURPOSE OF OWNING, REHABILITATING, MANAGING, MAINTAINING, AND OPERATING SUPPORTIVE HOUSING. THE COMPANY CURRENTLY OPERATES A 416 UNIT BUILDING CALLED THE PRINCE GEORGE, a 190 unit building called the Brook in Bronx New York and a 70 unit building in Hartford Connecticut. Common Ground II HAS one further PROJECT nearing completion: THE LEE Building IN NEW YORK CITY which will be home to 262 residents, including adults with special needs and low-income working adults; 55 units will be reserved for young adults aging out of foster care and at risk of homelessness. All of THESE HOUSING PROJECTS HAVE AND WILL PROVIDE HOUSING, ACCESS TO JOB TRAINING, AND EMPLOYMENT SERVICES TO QUALIFYING YOUNG ADULTS, FORMERLY HOMELESS, AND LOW INCOME SINGLE ADULTS. true false 773310 0 4391936 Common Ground Community II HDFC's ("CGII") primary exempt purpose is to support the charitable mission of its parent organization, Common Ground Community HDFC. CGII accomplishes this mission by owning, rehabilitating, managing, maintaining, and operating supportive housing for low income and and formerly homeless single adults. Supportive housing is permanent housing with social services for the formerly homeless, people with mental and/or medical disabilities, the elderly, and low-income individuals. Supportive housing combines affordable accommodations with services like mental health and substance abuse counseling, job training and placement, community activities, and help with life skills like cooking and money management. 773310 true true false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false false true 0 0 0 false false false false false false false false false false X 5 3 false false false false false false false true true false false true true true true true true false false false NY X EDUARDO RONQUILLO CONTROLLER 2123899343 505 EIGHTH AVE 15TH FL NEW YORK NY 10018 X PETER EZERSKY 1.0 X 0 0 0 BRUCE ANGIOLILLO 1.0 X 0 0 0 ROWAN MURPHY 1.0 X 0 0 0 ROSANNE HAGGERTY 1.0 X 0 214148 15922 david beer 1.0 X 0 151307 28685 michael kurtz 1.0 X 0 133973 7028 timothy marx 1.0 X 0 213852 16441 eduardo ronquillo 1.0 X 0 134719 15915 0 847999 83991 0 false true false 0 795657 795657 DEVELOPMENT FEE INCOME 900099 4391936 4391936 4391936 -99 36 0 0 0 0 0 0 FORGIVENESS OF LOAN 900099 332778 332778 SALE OF HISTORIC TAX CREDITS 900099 3410224 3410224 OTHER INCOME 900099 -3650 -3650 3739352 8926846 4391936 0 3739388 0 0 0 0 0 0 94692 94692 0 5487 5487 0 0 0 0 0 0 0 2449 2449 0 437 437 0 0 107766 107766 0 0 0 0 0 0 0 TENANT CONTRACTUAL SERVICE 361928 361928 TENANT HOUSING ASSISTANCE CONTRACT SECURITY 183187 183187 BAD DEBT EXPENSES UTILITIES 30847 17364 13483 786793 773310 0 0 66964 5009117 73242 0 10207559 11743973 7537410 12717830 574244 0 241811 0 0 241811 1456072 1446552 0 281342 19915491 31440625 158510 180076 2640000 3930692 -11510 2070424 2787000 6181192 X 17128491 25259433 17128491 25259433 19915491 31440625 X 8140053 -9111 X false true true X true true X 686102 281962 1155219 5032712 795657 7951652 686102 281962 1155219 5032712 795657 7951652 7951652 84232 33110 63274 7165 36 187817 16375 2531 3844 4056 3743002 3769808 11909277 15083284 0.66769 0.97895 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 241811 0 241811 241811 0 DUE TO AFFILIATED ORGANIZATION 2070424 2070424 8926846 786793 8140053 -9385 -9385 8130668 8917461 -9385 -9385 8926846 8926846 786793 786793 786793 FIN 48 PART X - OTHER LIABILITIES On January 1, 2009, Common Ground adopted a new accounting standard which requires that a tax position be recognized or derecognized based on a "more-like-than-not" threshold. The accounting standard establishes criterion that an individual tax position has to meet for some or all of the benefits of that position to be recognized in an entity's financial statements. On initial application, this criterion will be applied to all tax positions for which the statute of limitations remains open. Only tax positions that meet the "more-likely-than-not" recognition threshold at the adoption date will be recognized or continue to be recognized. The adoption of this guidance did not have an impact on Common Ground's consolidated financial statements, as management believes that there are no uncertain tax positions within its consolidated financial statements. Common Ground has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; determine its filing and tax obligations in jurisdictions for which it has nexus; and to review other matters that may be considered tax positions. The tax years ending 2007, 2008, 2009 and 2010 are still open to audit for both federal and state purposes. reconciliation parts xi, xii, xiii Common Ground Community HDFC files a consolidated audited financial statement with all of its tax-exempt subsidiaries. The reconciliation in part XI of Schedule D reconciles back to Common Ground's Community II's financial information as presented in the audited financial statements and not to the consolidated numbers (inclusive of all subsidiaries). Common Ground's Community II's change in net assets for the year is $8,130,668. Schedule D, Part VI - Fixed Assets The organization has not calculated any depreciation on its building assets. Please note there is no depreciation expense on Part IX, Line 22. X X X false false false false false false false false false ROSANNE HAGGERTY 0 214148 0 0 0 0 0 8774 0 7148 0 230070 david beer 0 151307 0 0 0 0 0 7908 0 20777 0 179992 0 0 timothy marx 0 213852 0 0 0 0 0 7193 0 9248 0 230293 eduardo ronquillo 0 134719 0 0 0 0 0 0 0 15915 0 150634 FORM 990, PART VI, Line 11 The 990 preparation process is discussed with the CGC audit committee at the time that the annual audited financial statements are presented to the board by our independent auditors, Grant Thornton. All 990's are prepared by the CGC finance department and reviewed by a tax partner at Grant Thornton. The 990's must agree to the audited financial statements. Drafts are submitted to CGC's CFO for review, after which final returns are produced. The 990's are reviewed by the Chair of the Audit Committee, along with CGC's CFO and Executive Director. Final returns are authorized and filed by the CFO. All 990's are posted to a secure web site, with limited access for CGC Board Members only. An email is sent to all board members to inform them when the returns are available for review. The Grant Thornton tax partner will make a summary presentation of the 990's to the entire board at the December board meeting. FORM 990, PART VI, Line 12 Conflict of Interest: All board members and senior management of CGC are required to sign a conflict of interest policy statement at the start of their service. The conflict of interest policy is monitored and enforced by the CFO. Cash Disbursements: The organization's accounts payable processes requires all disbursement vouchers have the signatures of the department supervisor and a finance department manager. All checks are manually signed by the controller, and checks over $10,000 are signed by both the controller and CFO. We believe that these levels of review and approval are adequate to monitor compliance with the conflict policy. line 15 - The organization does not compensate any of the individuals reported in Part VII of the Form 990; all compensation is paid by a related organization, Common Ground Management Corporation. The processes for determining the compensation of those individuals is reported on that organization's annual Form 990. FORM 990, PART VI, Line 19 CGC makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. CGC's governing documents, conflict statement, financial statements and annual audit are available upon request. A summary of the annual financial statements are published as part of the organization's annual report, which is both printed and available via the public web site at www.commonground.org. PART IX, General Note The organization's functional expense breakout conforms to the presentation made in the audited financial statements. Common Ground Community HDFC II is part of a group of entities all working together to perform Common Ground's tax-exempt mission of providing housing to those in need. In that regard, many of the administrative expenditures incurred throughout the year are incurred by one organization, Common Ground Management, on behalf of all of the entities that undertake the actual housing programs. Centralizing the adminstrative tasks in one entity allows the remainder of the Common Ground entities to focus on their mission of providing low income housing. Accordingly, for Part IX purposes, Common Ground II does not have significant administrative expenditures to report on part IX of the Form 990. Part IX, Line 7 The organization does not pay any employees directly. (Please refer to Part V, Line 2a where 0 is reported for the number of employees reported on Form W-3). All salary expenses reported on Line 7 of Part VIII of the Form 990 represent an allocation of salary expense from an affiliated organization, Common Ground Management Inc. The allocation is based on actual services rendered to the organization by employees that receive their physical W-2 from Common Ground Management, Inc. reconciliation of net assets Part XI, line 5 Equity in Earnings of Wholly owned Subsidiary (9,385) Brook Avenue Net Assets: 274 ----------- $(9,111) Form 990, Part III, Line 2 The Brook, Common Grounds first construction project in the Bronx, is a six-story residence that will play a key role in revitalizing the surrounding community. The 190-unit building includes ground floor community and retail space and provides permanent supportive housing to low-income workers, people with HIV/AIDS, and chronically homeless individuals, including individuals with mental illness. Residents began moving into The Brook on January 20, 2010. While not a new program per se, the opening of this building represents a significant push by Common Ground into the Bronx Community. In addition, Common Ground opened the Betty Ruth and Milton B. Hollander Foundation Center. The Building is used for 70 mixed-income residential apartments with 13,000 square feet of ground-floor commercial space, helping to further downtown Hartfords revitalization. Fifty-six affordable apartments, consisting of studios and one- and two-bedroom units, are available for households earning 60% of the area median income. While not a new program per se, the opening of this building represents a significant push by Common Ground into the state of Connecticut. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ROSANNE HAGGERTY TITLE:PRESIDENT HOURS:40 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:david beer TITLE:vice president HOURS:40 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:michael kurtz TITLE:chief financial officer HOURS:40 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:timothy marx TITLE:executive director HOURS:40 COMMON GROUND VENTURES 505 8TH AVE 15TH FLOOR NEW YORK NY 10018 133705242 housing NY 501(c)(3) 9 NA Common Ground Community HDFC 505 8th Ave 15th Floor NEW YORK NY 10018 113048002 housing NY 501(c)(3) 9 NA Common Ground Community III HDFC 505 8th Ave 15th Floor NEW YORK NY 10018 134138205 housing NY 501(c)(3) 7 NA Common Ground Community IV HDFC 505 8th Ave 15th Floor NEW YORK NY 10018 134196931 housing NY 501(c)(3) 7 NA Common Ground Management Corp 505 8th Ave 15th Floor NEW YORK NY 10018 133871134 housing NY 501(c)(3) 9 NA Common Ground of RC Corp 505 8th Ave 15th Floor NEW YORK NY 10018 134074775 housing NY 501(c)(3) 11E NA Common Ground Jobs Training Corp 505 8th Ave 15th Floor NEW YORK NY 10018 133705243 housing NY 501(c)(3) 9 NA St Mark's Brownsville Housing Dev Fund 505 8th Ave 15th Floor NEW YORK NY 10018 141971582 housing NY 501(c)(3) 7 na Brook Avenue HDFC 505 8th Ave 15th Floor NEW YORK NY 10018 412217113 housing NY 501(c)(3) 9 na Prince George Associates LP 505 Eight Ave 15th Floor new york NY 10018 133967825 HOUSING SUPPOrt NY Prince George G RELATED 100 100 false 0 false 1.00000 410 Asylum St Historic LLC 505 Eight Ave 15th Floor NEW YORK NY 10018 261676586 LOW INCOME HOusin CT CG 410 Asylum H RELATED 100 100 false 0 false 1.00000 410 Asylum St LLC 505 Eight Ave 15th Floor NEW YORK NY 10018 261676401 LOW INCOME HOusin CT CG 410 Asylum L RELATED 100 100 false 0 false 1.00000 BROOK AVENUE HOUSING LP 505 Eight Ave 15th Floor NEW YORK NY 10018 611540613 HOUSING SUPPOrt NY CG Brook Ave Ho RELATED 100 100 false 0 false 1.00000 Pitt St LP 505 Eight Ave 15th Floor New York NY 10018 421815798 HOUSING SUPPOrt NY Pitt St Housing RELATED 1 100 false 0 false 1.00000 Prince George GP Corp 505 Eight Ave 15th Floor NEW YORK NY 10018 133967821 HOUSING SUPPOrt NY CG COMMUNITY II C CORP 100 100 1.00000 Hegeman HDFC 505 Eight Ave 15th Floor NEW YORK NY 10018 450574352 HOUSING SUPPOrt NY CG COMMUNITY II C CORP 100 100 1.00000 Common Ground Pitt Street HDFC 505 Eight Ave 15th Floor NEW YORK NY 10018 161777395 HOUSING SUPPOrt NY CG COMMUNITY II C CORP 100 100 1.00000 Pitt Street Housing Corp 505 8th Avenue New York NY 10018 421715796 HOUSING SUPPOrt NY NA C Corp 1 100 1.00000 false false false false true false false false false false false false true true false false true false