2011-11-28T12:31:57-06:00 2010-12-31 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174011 990 2010-01-01 134196931 Common Ground Community IV HDFC COMM 2123899343 505 EIGHTH AVENUE 15th Floor NEW YORK NY 10018 eduardo ronquillo 2011-11-14 Scott Thompsett 2125990100 2010 2016-02-24 21:20:13Z TIMOTHY MARX 505 EIGHTH AVENUE NEW YORK NY 10018 2691744 false X WWW.COMMONGROUND.ORG X 2001 NY REHABILITATING AND OPERATING A HOUSING PROJECT AT 197 BOWERY NEW YORK CITY AND SUPPLYING INEXPENSIVE ACCOMODATION TO INDIVIDUALS UNABLE TO AFFORD AN APARTMENT BY PROVIDING FIRST STEP HOUSING (CUBICLE HOTELS). 4 2 0 0 0 0 2499269 2570852 0 0 0 0 34849 120892 2534118 2691744 0 0 0 0 1329675 1526661 0 0 0 1952160 1956057 3281835 3482718 -747717 -790974 18656314 18272901 17981600 18389161 674714 -116260 X COMMON GROUND COMMUNITY IV HDFC (CGC IV) WAS FORMED FOR THE CHARITABLE PURPOSE OF OWNING, REHABILITATING, AND OPERATING A HOUSING PROJECT AT 197 BOWERY NEW YORK CITY. CGC IV WILL PROVIDE FIRST STEP HOUSING MODELS, ALSO KNOWN AS "LODGING HOUSES" OR "FLOPHOUSES," WHICH ARE CUBICLE HOTELS THAT WILL SUPPLY INEXPENSIVE ACCOMMODATION TO INDIVIDUALS UNABLE TO AFFORD AN APARTMENT. false false 3314216 0 0 Common Ground Community IV HDFC's (CGC IV) primary exempt purpose is to support the tax-exempt mission of its parent organization, Common Ground Community HDFC. It accomplishes this purpose by owning and operating a housing project called the Andrews Building located at 197 Bowery, New York City. It offers Common Grounds First Step housing, a low-cost, short-term alternative to the Citys shelters or life on the street. First Step housing provides private, safe, clean, and affordable short-term accommodations to individuals who are transitioning to permanent housing, facing homelessness, or who have failed in other programs. The Andrews offers 146 short-term living units, including 38 units reserved for homeless veterans. The First Step Housing project began taking shape in 1997, when Common Ground interviewed more than 200 chronically street homeless adults (those who have lived on the streets for more than one year) to solicit reactions to a range of housing options that could entice them off the streets. By incorporating their concerns regarding issues such as privacy and space for personal belongings, we began developing a new program that would offer a reason to take the first steps into housing In addition, the entity operated the Prince Residence at 220 Bowery, under contract with the New York City Department of Homeless Services, where shelter, food and services were provided for 80 formerly homeless tenants. 3314216 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 4 2 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 douglas lasdon 1.0 X X 0 0 0 anthony hannigan 1.0 X X 0 0 0 ROSANNE HAGGERTY 1.0 X X 0 214148 15922 david beer 1.0 X X 0 151308 28685 MICHAEL KURTZ 1.0 X 0 133973 7028 TIMOTHY MARX 1.0 X 0 213852 16440 EDUARDO RONQUILLO 1.0 X 0 134719 15915 0 848000 83990 0 false true false 0 2570852 2570852 0 0 0 0 63038 63038 63038 63038 0 0 0 0 GAIN ON FORGIVENESS OF LOAN 900099 56944 56944 MISCELLANEOUS 900099 910 910 57854 2691744 0 120892 0 0 0 0 0 0 1123059 1123059 4728 4728 299642 299642 99232 99232 0 0 0 0 0 0 123727 123727 0 9835 9835 6555 6555 0 173592 173592 0 0 0 20164 20164 0 483175 483175 34995 34995 SECURITY 356184 356184 TENANT SERVICES 284940 284940 ADMINISTRATIVE/OVERHEAD 168502 168502 REPAIRS AND MAINTENANCE 86120 86120 HOUSEKEEPING 22977 22977 185291 185291 3482718 3314216 168502 0 1931962 2028141 501990 267865 0 0 17137278 1322831 16169729 15814447 52633 162448 18656314 18272901 695210 750598 469662 813842 12023672 11846544 4793056 4978177 17981600 18389161 X 674714 -116260 674714 -116260 18656314 18272901 -790974 X false true true X true true X 2539137 1073096 3125725 2499569 2570852 11808379 2539137 1073096 3125725 2499569 2570852 11808379 11808379 147314 79281 50907 33304 63038 373844 65704 921 25583 1545 57845 151598 12333821 0.95740 0.93889 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16288504 1322831 14965673 59447 0 59447 789327 0 789327 15814447 0 SECURITY DEPOSITS PAYABLE 10115 DUE TO AFFILIATED ORGANIZATION 4968062 4978177 2691744 3482718 -790974 -790974 2691744 2691744 2691744 3482718 3482718 3482718 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 part 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 Community IV's financial information as presented in the audited financial statements and not to the consolidated numbers (inclusive of all subsidiaries). Common Ground Community IV's change in net assets for the year is ($790,974). Schedule D, Part VI - Fixed Assets The organization's books and records do not calculate a depreciation expense for its furniture and fixtures and equipment fixed assets. The $483,175 in depreciation expense on Part IV, Line 22 represents depreciation on its building. 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 0 0 david beer 0 151308 0 0 0 0 0 7908 0 20777 0 179993 0 0 TIMOTHY MARX 0 213852 0 0 0 0 0 7193 0 9247 0 230292 0 0 EDUARDO RONQUILLO 0 134719 0 0 0 0 0 0 0 15915 0 150634 0 POLICIES FORM 990, PART VI, SECTION B 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. POLICIES FORM 990, PART VI, SECTION B 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. DISCLOSURE FORM 990, PART VI, SECTION C 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. Functional Expenses 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 Corporation. The allocation is based on actual services rendered to the organization by employees that receive their physical W-2 from Common Ground Management, Inc. 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 IV does not have significant administrative expenditures to report on part IX of the Form 990. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:douglas lasdon TITLE:CHAIRMAN HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:anthony hannigan TITLE:secretary HOURS:1 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 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:EDUARDO RONQUILLO TITLE:CONTROLLER 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 II HDFC 505 8th Ave 15th Floor NEW YORK NY 10018 133846708 housing NY 501(c)(3) 7 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 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 false false false true false false false false false false false false true true false false true true