2025-05-14T09:45:12-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-07-01 131967321 MERCY UNIVERSITY MERC 9146747213 555 BROADWAY DOBBS FERRY NY 10522 JOE DEL TORO CHIEF FINANCIAL OFFICER 9146747213 2025-05-12 1 1 DANIEL ROMANO P00504182 2125990100 2023 2025-03-06 01:10:19Z X JOE DEL TORO 555 BROADWAY DOBBS FERRY NY 10522 202786726 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 22 18 2379 6 -357948 0 25777184 14483591 169179632 177257477 6265424 9342058 1095813 1585102 202318053 202668228 35281915 39650901 0 0 89243002 92997163 0 0 2097811 71324231 73133997 195849148 205782061 6468905 -3113833 644977634 696385098 215676669 250955625 429300965 445429473 X MERCY UNIVERSITY IS COMMITTED TO PROVIDING MOTIVATED STUDENTS THE OPPORTUNITY TO TRANSFORM THEIR LIVES THROUGH HIGHER EDUCATION BY OFFERING LIBERAL ARTS AND PROFESSIONAL PROGRAMS IN PERSONALIZED AND HIGH QUALITY LEARNING ENVIRONMENTS, THUS PREPARING (SEE SCHEDULE O) STUDENTS TO EMBARK ON REWARDING CAREERS, TO CONTINUE LEARNING THROUGHOUT THEIR LIVES AND TO ACT ETHICALLY AND RESPONSIBLY IN A CHANGING WORLD. 0 0 166261940 39650901 177947343 MERCY UNIVERSITY IS A PRIVATE, NON-SECTARIAN, NON-PROFIT INSTITUTION ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. MERCY IS DRIVEN BY A STUDENT-CENTERED MISSION: TO CHANGE LIVES THROUGH THE POWER OF HIGHER EDUCATION. FOUNDED IN 1950 BY THE SISTERS OF MERCY, THE INSTITUTION HAS GROWN FROM A JUNIOR COLLEGE TO A FOUR-YEAR COLLEGE OFFERING OVER 100 UNDERGRADUATE AND GRADUATE DEGREE AND CERTIFICATE PROGRAMS ACROSS SIX SCHOOLS: BUSINESS, EDUCATION, HEALTH AND NATURAL SCIENCES, LIBERAL ARTS, NURSING AND SOCIAL AND BEHAVIORAL SCIENCES. IN 2023, MERCY RECEIVED APPROVAL FROM THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK TO AMEND ITS CHARTER AND OFFICIALLY TRANSITIONED FROM MERCY COLLEGE TO MERCY UNIVERSITY. (SEE SCHEDULE O) SERVING NEARLY 9,000 STUDENTS ANNUALLY, MERCY IS KNOWN FOR ITS HIGH-QUALITY EDUCATION, PERSONALIZED STUDENT EXPERIENCE, TALENTED FACULTY AND AFFORDABILITY. STUDENTS STUDY AT THE WESTCHESTER CAMPUS OVERLOOKING THE HUDSON RIVER, AT NEW YORK CITY CAMPUSES IN THE BRONX'S HEALTH CARE CORRIDOR AND IN MANHATTAN'S HERALD SQUARE, AND ONLINE. THE UNIVERSITY ALSO SPONSORS INTERCOLLEGIATE ATHLETIC COMPETITIONS IN 10 VARSITY SPORTS AT THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA) DIVISION II LEVEL. ITS STUDENT BODY REFLECTS THE RICH DIVERSITY OF THE NEW YORK METROPOLITAN AREA. MERCY IS A FEDERALLY DESIGNATED MINORITY-SERVING INSTITUTION AND THE LARGEST PRIVATE HISPANIC SERVING INSTITUTION (HSI) IN THE STATE OF NEW YORK. MERCY'S FACULTY INCLUDES FULBRIGHT SCHOLARS, PUBLISHED AUTHORS, AND RECOGNIZED PROFESSIONALS WHO INTEGRATE REAL-WORLD EXPERTISE WITH ACADEMIC INSTRUCTION. THEIR COMMITMENT TO EFFECTIVE TEACHING AND COMMUNITY SERVICE REFLECTS THE UNIVERSITY'S MISSION TO TRANSFORM LIVES THROUGH HIGHER EDUCATION. 166261940 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1057 0 1 2379 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X GENEVIEVE GULBRANDSEN CONTROLLER 9146717841 555 BROADWAY DOBBS FERRY NY 10522 SUSAN PARISH PRESIDENT (AS OF 07/2023) 35.00 0.00 X X 285910 0 119925 JOSEPH GANTZ CHAIRMAN 1.00 0.00 X X 27930 0 0 CINDY V LOPEZ VICE CHAIRMAN 1.00 0.00 X X 0 0 0 ALEX FERRARI TRUSTEE 1.00 0.00 X 0 0 0 BRUCE J HABER TRUSTEE 1.00 0.00 X 0 0 0 CARLOS S PASSI TRUSTEE 1.00 0.00 X 10600 0 0 CHRISTOPHER SOBECKI TRUSTEE 1.00 0.00 X 0 0 0 DAVID L JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 GREGORY H WILLIAMS TRUSTEE 1.00 0.00 X 0 0 0 JAMES B JENKINS TRUSTEE 1.00 0.00 X 0 0 0 JAMES M MCCORMICK TRUSTEE 1.00 0.00 X 0 0 0 JOHN R THOMPSON TRUSTEE 1.00 0.00 X 0 0 0 GARY BERNSTEIN TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH P CARLUCCI ESQ TRUSTEE 1.00 0.00 X 0 0 0 MARLENE M TUTERA TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL F HAYES TRUSTEE 1.00 0.00 X 0 0 0 MICHELE A QUIROLO TRUSTEE 0.00 0.00 X 23400 0 0 PATRICIA BLACKMAR TRUSTEE 1.00 0.00 X 0 0 0 ROBERT H NIEHAUS TRUSTEE 1.00 0.00 X 0 0 0 SUSAN M MAKLARI TRUSTEE 1.00 0.00 X 0 0 0 VALERIE MASON CUNNINGHAM TRUSTEE 1.00 0.00 X 0 0 0 SARAH A O'CONNOR ESQ TRUSTEE 1.00 0.00 X 3600 0 0 BRETT CARROLL CHIEF FINANCIAL OFFICER 35.00 0.00 X 327693 0 47275 JESSICA L HABER CHIEF OF STAFF 35.00 0.00 X 249495 0 82999 NARDA A ROMERO CONTROLLER & ASSISTANT TREASURER 35.00 0.00 X 205751 0 50144 EVA FERNANDEZ PROVOST 35.00 0.00 X 358265 0 58503 THOMAS SIMMONDS VP OPERATIONS & FACILITIES 35.00 0.00 X 305019 0 75195 ADAM J CASTRO VP ADMISSIONS 35.00 0.00 X 304726 0 48856 SCORPIO K ROGERS VP, COMMUNITY RELATIONS & GOV 35.00 0.00 X 244970 0 62571 PETER H WEST INTERIM PROVOST 35.00 0.00 X 194964 0 57510 LLOYD GIBSON DEAN SCHOOL OF BUSINESS 35.00 0.00 X 255066 0 73942 KEVIN JOYCE VP STUDENT AFFAIRS 35.00 0.00 X 268716 0 49426 CAMILLE SHELLY CHIEF INFORMATION OFFICER 35.00 0.00 X 266921 0 80380 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 35.00 0.00 X 248624 0 73911 KRISTEN BURKE GENERAL COUNSEL 35.00 0.00 X 251479 0 71596 TIMOTHY L HALL FORMER PRESIDENT (THRU 06/2023) 35.00 0.00 X 473698 0 115618 4306827 0 1067851 172 1 1 0 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 4091617 FAMILIAR CREATURES LLC 2915 W LEIGH ST STE A RICHMOND VA 23230 ADVERTISING 350632 PRESIDIO NETWORKED SOLUTIONS GROUP LLC PO BOX 677638 DALLAS TX 752677638 CLOUD SECURITY CONSULTANTS 285703 AI MEDIA GROUP LLC 1359 BROADWAY FL 3 NEW YORK NY 10018 MARKETING 259368 MARKS PANETH LLP 685 THIRD AVE NEW YORK NY 10017 ACCOUNTING SERVICES 221600 73 212239 12462383 1808969 165237 14483591 GROSS TUITION & FEES 900099 167083982 167083982 AUXILIARY INCOME 900099 10173495 10173495 177257477 4513982 -408935 4922917 733004 0 733004 733004 733004 4828076 0 4828076 4828076 50987 4777089 280730 212239 118498 162232 162232 OTHER 900099 468182 468182 ATHLETIC INCOME 900099 126563 126563 RECOVERIES 900099 95121 95121 689866 202668228 177947343 -357948 10595242 39650901 39650901 2891352 2891352 69755488 59582829 9324116 848543 3963444 3250024 634151 79269 12267660 10059481 1962826 245353 4119219 3377760 659075 82384 11440272 5860841 5501557 77874 138175 138175 244167 244167 1147480 1147480 2703609 2306585 376274 20750 3576888 3514485 62403 2777497 1634483 1066235 76779 5030172 2521398 2499010 9764 15304670 14050847 1101281 152542 1603713 985806 604900 13007 1714637 1180275 347859 186503 1988407 1829254 139269 19884 10119698 9310122 708379 101197 1130720 1130720 SUPPLIES AND SERVICES 5356202 4675885 586512 93805 MAINTENANCE 2836849 2500378 309469 27002 STUDENT FOOD SERVICES 2825389 2768794 56595 BAD DEBT 2425156 17406 2407750 770296 698871 70673 752 205782061 166261940 37422310 2097811 33653372 43143780 17934220 16231355 7635843 4126083 15318880 17526042 320834 320852 1269120 1110472 217144660 111463716 108001996 105680944 208524439 213145370 109010261 116784307 143308669 178315893 644977634 696385098 7990540 8653916 5226273 5148920 47101031 45901989 155358825 191250800 215676669 250955625 X 407942829 423085791 21358136 22343682 429300965 445429473 644977634 696385098 X -3113833 19380634 -138293 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 174270 X 0 325791538 95137 26424697 14314224 1475406 336521742 295698647 658535 31329512 549322 1345834 325791538 321745463 6190017 -23110333 7945114 1181386 295698647 249360142 703397 72820500 336395 802181 321745463 255751263 129352 1436677 6984837 972313 249360142 0.94970 0.01360 0.03670 1 0 6520561 6520561 132807521 54329321 78478200 36398736 24970473 11428263 31644133 28610075 3034058 9773709 3553847 6219862 105680944 LP INTERESTS 116784307 F 116784307 OPERATING LEASE RIGHT-OF-USE ASSETS 177282632 DEPOSITS HELD BY BOND TRUSTEES 1017991 VENDOR DEPOSITS 15270 178315893 LEASE RIGHT TO USE ASSETS 186876345 CONDITIONAL ASSET RETIREMENT OBLIGATION 3207192 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1167263 191250800 X 181230686 19380634 -39789194 -20408560 201639246 1147480 -118498 1028982 202668228 165102178 118498 118498 164983680 1147480 39650901 40798381 205782061 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY WITH INVESTMENT RETURN PRINCIPALLY AVAILABLE FOR SCHOLARSHIPS. PART X, LINE 2: THE UNIVERSITY BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -39,650,901. GAIN(LOSS) ON INTEREST RATE SWAPS -138,293. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -118,498. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 118,498. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 39,650,901. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MERCY UNIVERSITY HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER AND/OR BROADCAST MEDIA DURING THE PERIOD OF SOLICITATION IN A WAY THAT MADE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. THE UNIVERSITY IS RECOGNIZED AS A MINORITY SERVING INSTITUTION. SCHEDULE E, PART I, LINE 6 MERCY UNIVERSITY RECEIVES FUNDS FROM OR PERFORMS ADMINISTRATIVE DUTIES FOR VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, COLLEGE WORK STUDY (CWS) PROGRAM AND VARIOUS LOAN PROGRAMS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS INVESTMENTS 65274756 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS INVESTMENTS 1267773 0 0 0 0 0 0 66542529 0 66542529 0 0 0 0 0 0 X X X X X X X AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SCHOLARSHIP DINNER 404822 209332 195490 41007 550 31771 GOLF CLASSIC 66767 305 66462 30472 5055 1 21380 2602 18778 9548 95 492969 212239 280730 71479 9548 550 36921 118498 162232 0 SCHOLARSHIPS 5552 33627762 FMV INSTITUTIONAL AID DISCOUNTS AND EXPENDITURES 825 6023139 FMV INSTITUTIONAL DISCOUNTS PART I, LINE 2: THE SCHOLARSHIP GRANTS IN SCHEDULE I ARE MONITORED IN ACCORDANCE WITH THE STUDENT FINANCIAL AID RULES AND THE AMOUNT OF AID THAT INDIVIDUALS ARE SUPPOSED TO RECEIVE. THE DISCOUNTS AND EXPENDITURES ARE MONITORED BY AGREEMENTS WITH CERTAIN GROUPS AND IF THE STUDENT IS PART OF THAT COHORT, THEY RECEIVE A DISCOUNTED RATE ON TUITION, WHICH IN EFFECT TRANSLATES TO AID. SCHEDULE I, PART III: SCHOLARSHIPS AND DISCOUNTS ARE BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED, AND ARE GIVEN TO CURRENT SCHOLARS. THEY ARE ADMINISTERED BY THE OFFICES OF ADMISSIONS AND STUDENT SERVICES. X X 1 1 X X 0 0 0 0 0 0 0 1 0 TIMOTHY L HALL FORMER PRESIDENT (THRU 06/2023) 326946 0 100000 0 46752 0 47700 0 67918 0 589316 0 0 0 EVA FERNANDEZ PROVOST 323015 0 30000 0 5250 0 48665 0 9838 0 416768 0 0 0 SUSAN PARISH PRESIDENT (AS OF 07/2023) 280500 0 0 0 5410 0 63925 0 56000 0 405835 0 0 0 THOMAS SIMMONDS VP OPERATIONS & FACILITIES 270768 0 30000 0 4251 0 28987 0 46208 0 380214 0 0 0 BRETT CARROLL CHIEF FINANCIAL OFFICER 297279 0 30000 0 414 0 47275 0 0 0 374968 0 0 0 ADAM J CASTRO VP ADMISSIONS 268583 0 30000 0 6143 0 36426 0 12430 0 353582 0 0 0 CAMILLE SHELLY CHIEF INFORMATION OFFICER 236507 0 30000 0 414 0 41642 0 38738 0 347301 0 0 0 JESSICA L HABER CHIEF OF STAFF 219315 0 30000 0 180 0 29942 0 53057 0 332494 0 0 0 LLOYD GIBSON DEAN SCHOOL OF BUSINESS 242994 0 0 0 12072 0 49360 0 24582 0 329008 0 0 0 KRISTEN BURKE GENERAL COUNSEL 221209 0 30000 0 270 0 32758 0 38838 0 323075 0 0 0 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 221338 0 25000 0 2286 0 50456 0 23455 0 322535 0 0 0 KEVIN JOYCE VP STUDENT AFFAIRS 237528 0 30000 0 1188 0 22142 0 27284 0 318142 0 0 0 SCORPIO K ROGERS VP, COMMUNITY RELATIONS & GOV 218782 0 25000 0 1188 0 20804 0 41767 0 307541 0 0 0 NARDA A ROMERO CONTROLLER & ASSISTANT TREASURER 204977 0 0 0 774 0 48593 0 1551 0 255895 0 0 0 PETER H WEST INTERIM PROVOST 194550 0 0 0 414 0 57510 0 0 0 252474 0 0 0 PART I, LINE 1A IN CALENDAR YEAR 2023 TIMOTHY L. HALL RECEIVED HOUSING IN THE AMOUNT OF $54,000 AND SUSAN PARISH RECEIVED HOUSING IN THE AMOUNT OF $54,000. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (D) FOR BOTH INDIVIDUALS. HOUSING ALLOWANCE INCLUDED PERSONAL SERVICES RELATED TO THE HOUSING. PART I, LINE 7 BONUSES ARE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. PART II, COLUMN B(III): THE AMOUNT ON THIS COLUMN FOR TIMOTHY HALL, EVA FERNANDEZ, THOMAS SIMMONDS, ADAM CASTRO AND SUSAN PARISH INCLUDE TAXABLE AMOUNT OF CAR ALLOWANCE. A DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AA7 2014-07-31 8255000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 B DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AB5 2014-07-31 12565000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 C DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AC3 2014-07-31 16035000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 A 8255000 135214 8119786 2015 0 0 0 1 B 12565000 205810 12359190 2015 0 0 0 1 C 16035000 262647 15772353 2015 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 X 5 131589 FAIR MARKET VALUE X AUCTION ITEMS 54 16228 COST X MARKETPLACE GOODS 82 9420 COST X SUPPLIES 1 8000 COST 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: MERCY UNIVERSITY USES CHARITY BUZZ AND GRAND STAND SPORTS, AN ONLINE AUCTION SERVICE, TO AUCTION DONATED GOODS. FORM 990, PAGE 1, BOX B, ORGANIZATION NAME CHANGE: ON JUNE 13, 2023, THE BOARD OF REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK, ON BEHALF OF THE STATE EDUCATION DEPARTMENT, VOTED AND GRANTED MERCY'S APPLICATION TO AMEND ITS CHARTER AND CHANGE ITS NAME TO MERCY UNIVERSITY EFFECTIVE AUGUST 22, 2023. NO CHANGE IN MISSION OR PURPOSE OF OPERATIONS ACCOMPANIED THE NAME CHANGE. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S FORM 990 IS PREPARED IN COLLABORATION BETWEEN A PROFESSIONAL TAX SERVICES FIRM AND THE UNIVERSITY'S FINANCIAL DEPARTMENT. IT UNDERGOES A THOROUGH REVIEW BY MANAGEMENT BEFORE BEING PRESENTED TO THE AUDIT COMMITTEE AND THE BOARD MEMBERS FOR THEIR APPROVAL. ONCE FINALIZED, A COPY OF THE COMPLETED FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO ITS SUBMISSION TO THE IRS. BASED ON FEEDBACK PROVIDED BY BOARD TRUSTEES, THE ORGANIZATION HAS REDACTED THE NAME AND ADDRESS OF INDIVIDUAL DONORS FROM THE COPY OF ITS SCHEDULE B (FORM 990) THAT IT PROVIDED TO ITS GOVERNING BODY MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD OF TRUSTEES, OFFICERS, AND TOP MANAGEMENT OFFICIALS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, THE ORGANIZATION TYPICALLY CONSULTS PUBLIC INFORMATION DERIVED FROM THE ANNUAL REPORT ISSUED BY THE CHRONICLE OF HIGHER EDUCATION AND THEN SENDS TO THE BOARD OF TRUSTEES FOR APPROVAL. RECOMMENDATIONS ARE MADE TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES TO REVIEW AND APPROVE THE SALARIES OF THE PRESIDENT'S DIRECT REPORTS, INCLUDING OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 MERCY UNIVERSITY MAKES ITS GOVERNING DOCUMENTS (BY-LAWS), CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS FROM INTEREST RATE SWAPS -138,293.