2020-11-16T16:09:59-06:00 2019-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2019-01-01 911884698 NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN NDCH 2126821106 ONE BATTERY PARK PLAZA NO 710 NEW YORK NY 10004 DANIEL MARSH III PRESIDENT 2126821106 2020-11-13 1 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2020-11-13 2019 2022-09-23 18:48:47Z DANIEL MARSH III ONE BATTERY PARK PLAZA NO 710 NEW YORK NY 10004 90831247 1 1 9219 X WWW.NDCONLINE.ORG X 1988 VA NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION'S MISSION IS TO CREATE (CONT. ON SCHEDULE O) QUALITY AFFORDABLE HOUSING FOR THE DISADVANTAGED, TO STIMULATE ECONOMIC DEVELOPMENT AND CREATE JOBS IN LOW INCOME AREAS AND TO ERECT PUBLIC BUILDINGS TO LESSEN THE BURDENS OF GOVERNMENT AND PROMOTE SOCIAL WELFARE. 17 9 0 6 0 0 2004086 2132754 107428707 76832699 -335169 -957814 6796642 11834265 115894266 89841904 2100000 1250000 0 0 0 0 0 0 0 87022696 92607053 89122696 93857053 26771570 -4015149 984900420 943943443 905400755 870438153 79499665 73505290 X NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE FOLLOWING CHARITABLE PURPOSES: TO CONSTRUCT NEW AND SUPPORT EXISTING SAFE AND ADEQUATE LOW-INCOME HOUSING FOR DISADVANTAGED PERSONS; THEREBY ASSISTING GENERALLY IN THE ALLEVIATION (CONT. ON SCHEDULE O) OF HOUSING SHORTAGES THROUGHOUT THE UNITED STATES; TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OF THE COUNTRY; AND TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS OR FACILITIES; TO LESSEN THE BURDENS OF GOVERNMENT; AND TO PROMOTE SOCIAL WELFARE. 0 0 85909641 81244525 LESSENING THE BURDENS OF GOVERNMENT:TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS, FACILITIES, OR WORKS TO LESSEN THE BURDEN OF GOVERNMENT AND TO PROMOTE SOCIAL WELFARE.HEDC ALSO PARTNERS WITH UNITS OF LOCAL GOVERNMENT TO ERECT AND MAINTAIN PUBLIC BUILDINGS, MONUMENTS, FACILITIES, AND WORKS TO "LESSEN THE BURDEN OF GOVERNMENT AND TO PROMOTE SOCIAL WELFARE. IN TOTAL, HEDC HAS DEVELOPED AND FINANCED MORE THAN THIRTY-ONE PROPERTIES COSTING MORE THAN $2.5 BILLION ON BEHALF OF LOCAL GOVERNMENT INCLUDING PUBLIC BUILDINGS AND CITY HALLS, EDUCATIONAL AND MEDICAL RESEARCH FACILITIES, STUDENT HOUSING, PARKING FACILITIES AND OTHER (CONT. ON SCHEDULE O) PUBLIC INFRASTRUCTURE. DURING 2019, HEDC UNDERTOOK THE FOLLOWING PROJECTS UNDER THE MISSION OF LESSENING THE BURDENS OF GOVERNMENT. STATE OF WASHINGTON DATA PROCESSING CENTER (FYI)- OLYMPIA, WA IN 2008, HEDC THROUGH A SPECIAL PURPOSE ENTITY FINANCED AND BUILT A FACILITY FOR THE STATE OF WASHINGTON THAT HOUSES ADMINISTRATIVE OFFICES AND THE STATES DATA PROCESSING CENTER. THE PROJECT CONSISTED OF TWO BUILDINGS THAT ARE OCCUPIED BY STATE AGENCIES. BUILDING ONE IS A FIVE-STORY 202,000 SQUARE FOOT OFFICE BUILDING THAT HOUSES VARIOUS STATE OFFICES AND THE BUILDING TWO IS A TWO STORY 167,000 SQUARE FOOT FACILITY THAT HOUSES THE STATE'S DEPARTMENT OF INFORMATION SERVICES. THE TOTAL COST OF THE PROJECT WAS $376,000,000 AND WAS FINANCED WITH 82-26 TAX EXEMPT BONDS.IN 2019, HEDC REFUNDED THE BONDS TO LOWER THE INTEREST RATE AND THEREBY SIGNIFICANTLY REDUCED THE RENT PAID TO FYI BY THE STATE OF WASHINGTON. COMMUNITY DEVELOPMENT PROPERTIES SCRANTON- SCRANTON, PAIN 2016 HEDC WORKING WITH THE CITY OF SCRANTON SUCCESSFULLY NEGOTIATED A LONG-TERM CONCESSION/LEASE FOR THE CITY OF SCRANTON PARKING SYSTEM, WHICH INCLUDED: 1) FIVE PARKING GARAGES CONTAINING 2,659 SPACES AND APPROXIMATELY 36,000 SF OF RETAIL; 2) 1,479 METERED PARKING SPACES; AND 3) 550 PUBLICLY-LEASED PARKING SPACES. HEDC ASSUMED RESPONSIBILITY FOR THE LEASE, OPERATION, MAINTENANCE AND CAPITAL REPAIR OF THE ENTIRETY OF THE PUBLIC PARKING SYSTEM FOR FORTY YEARS THROUGH ONE OF ITS' SUBSIDIARY CORPORATIONS CDP SCRANTON (CDPS). THE CONSIDERATION AMOUNT GENERATED BY A CONCESSIONAIRE/LEASE AGREEMENT WAS USED BY THE CITY, IN COMBINATION WITH PROCEEDS FROM A GENERAL OBLIGATION ISSUANCE, REDEEM ALL OUTSTANDING DEBT ASSOCIATED WITH THE PARKING AUTHORITY. THIS ALLOWED THE CITY TO BE FREE OF THE ON-GOING LIABILITY AND HAS FREED UP MUNICIPAL REVENUES FOR OTHER CRITICAL NEEDS AND OBLIGATIONS. IN 2017 CDPS CONTINUED ITS WORK WITH THE CITY TO UPGRADE THE GARAGES WITH ENHANCED LIGHTING AND TO IDENTIFY A NEW ON STREET PARKING SYSTEM. IN 2018, CDPS STABILIZED THE FORMERLY BANKRUPT PARKING SYSTEM WHICH IS NOW OPERATING AT A 1.4:1 DEBT COVERAGE RATIO. ADDITIONALLY, CDPS CONTRACTED WITH A FIRM TO DESIGN A NEW AUTOMATED ON-STREET REVENUE COLLECTION SYSTEM THAT WHEN INSTALLED, WILL IMPROVE REVENUE COLLECTION, OPERATING EFFICIENCY AND THE OVERALL CUSTOMER PARKING EXPERIENCE. THE NEW ON-STREET REVENUE CONTROL SYSTEM WAS INSTALLED IN 2019. IN ADDITION, THE CONTRACTS FOR GARAGE RECONSTRUCTION WERE LET AND WORK COMMENCED ON THE DEMOLITION AND IMPROVEMENT OF SELECTED GARAGES. THESE EFFORTS WILL PROVE TO FURTHER THE CITY'S PLAN TO CONTINUE THE REVITALIZATION OF DOWNTOWN SCRANTON. 2881534 1250000 2879199 STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED AREAS:TO INITIATE AND CARRY OUT ACTIVITIES TO STIMULATE ECONOMIC DEVELOPMENT IN THE ECONOMICALLY DEPRESSED AREAS OF THE US. IN PARTICULAR, TO UNDERTAKE ACTIVITIES THAT: - RELIEVE POVERTY AND LESSEN NEIGHBORHOOD TENSION CAUSED BY A LACK OF JOBS IN DETERIORATED AND DEPRESSED AREAS BY PROVIDING TRAINING OPPORTUNITIES FOR THE UNEMPLOYED AND CREATING JOB OPPORTUNITIES FOR DISADVANTAGED GROUPS. - COMBAT COMMUNITY DETERIORATION AND ELIMINATE BLIGHT BY UNDERTAKING ACTIVITIES THAT STIMULATE THE ESTABLISHMENT OF NEW BUSINESSES AMONG DISADVANTAGED GROUPS AND WHICH REHABILITATE AND REVIVE EXISTING BUSINESSES OPERATED BY DISADVANTAGED GROUPS. (CONT. ON SCHEDULE O)HEDC WORKS WITH NONPROFIT ORGANIZATIONS AND SERVICE PROVIDERS AND UNITS OF LOCAL GOVERNMENT TO STIMULATE ECONOMIC DEVELOPMENT IN THE ECONOMICALLY DEPRESSED NEIGHBORHOODS ACROSS THE NATION. WORKING THROUGH THE NEW MARKETS TAX CREDIT PROGRAM AND WITH OTHER FINANCING, HEDC CREATES EMPLOYMENT AND ENTREPRENEURIAL OPPORTUNITIES FOR DISADVANTAGED GROUPS AND INDIVIDUALS, COMBATS COMMUNITY DETERIORATION, AND ELIMINATES SLUM AND BLIGHT THROUGH NEW INVESTMENT IN LOW INCOME COMMUNITIES TO REHABILITATE AND REVITALIZE NEIGHBORHOODS. UNDER THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM, HEDC HAS SPONSORED 94 PROJECTS TOTALING OVER $1.7 BILLION OF NEW INVESTMENT, CREATED OVER 9,000 PERMANENT JOBS FOR DISADVANTAGED INDIVIDUALS, AND BROUGHT BADLY NEEDED GOODS AND SERVICES TO LOW INCOME COMMUNITIES ACROSS AMERICA. IN 2018, HEDC RECEIVED A $50 MILLION ALLOCATION OF NEW MARKETS TAX CREDITS AND AIDED THE FOLLOWING PROJECTS IN 2019: PM FOUNDATION DBA URBAN COMMUNITY SCHOOL CLEVELAND, OH IN 2019, HEDC INVESTED $5 MILLION IN NEW MARKET TAX CREDIT QEI ALONG WITH $9 MILLION FROM PARTICIPATING CDE'S TO PARTIALLY FUND THE ADDITION TO THE URBAN COMMUNITY SCHOOL, A PRIVATE K THROUGH 8 SCHOOL LOCATED IN A LOW-INCOME NEIGHBORHOOD IN CLEVELAND'S NEAR WEST SIDE. THE SCHOOL SERVES 580 STUDENTS, 75% OF WHICH COME FROM FAMILIES WHOSE INCOMES ARE BELOW THE FEDERAL POVERTY LINE. THE ADDITION CONTAINS 35,535 SQUARE FEET FOR CLASSROOMS, OFFICES AND A MEDICAL CLINIC OPERATED BY METRO HEALTH AND EXPERIENCES 84,000 PATIENT VISITS A YEAR. ADDITIONALLY, THE CLEVELAND FOOD BANK WILL OCCUPY 115 SQUARE FEET FOR A FOOD ANNEX AND RECREATION AND STUDENT MENTORING WILL BE ADDED IN 10,000 SQUARE FEET THROUGH A PARTNERSHIP WITH URBAN SQUASH. THE TOTAL PROJECT COST WAS $17,139,949. ROCKY BOY HEALTH CENTER BOX ELDER, MT THE CHIPPEWA CREE TRIBE'S SOVEREIGN LAND IN BOX ELDER, SITUATED IN A REMOTE AREA OF THE STATE OF MONTANA. THE TRIBE'S NEED FOR MEDICAL SERVICES HAS GROW OVER THE YEARS AND THEIR CAPACITY TO PROVIDE QUALITY MEDICAL SERVICES TO ITS MEMBERS WAS HAMPERED BY THE LIMITATIONS EXTANT IN THEIR 43,000 SQUARE FOOT OUTDATED AND CLINICALLY SUBSTANDARD FACILITY. WITH THE HELP OF THE FEDERAL GOVERNMENT AND INDIAN HEALTH SERVICES, THEY DEVELOPED A PLAN TO BUILD, EQUIP AND STAFF A NEW 93,000 SQUARE FOOT STATE OF THE ART MEDICAL FACILITY THAT WILL PROVIDE SERVICES CURRENTLY ONLY AVAILABLE BY A FOUR- HOUR CAR RIDE. THE NEW FACILITY WILL SERVE OVER 1,200 MEMBERS OF THE TRIBE AND THE INFRASTRUCTURE FINANCED THROUGH THIS PROJECT WILL PROVIDE POTABLE WATER TO 300 LOW-INCOME HOMES LOCATED WITHIN THE MIDDLE DRY FORK DEVELOPMENT ZONE. HEDC PROVIDED $7.9 MILLION IN NMTC QEI FOR THIS $44.7 MILLION PROJECT. NDC COMMUNITY IMPACT LOAN FUND (MCI) CLEVELAND, OH AND BROWARD COUNTY, FL THE CAPITAL ACCESS FUND (CAF), RENAMED NDC MULTI-CULTURAL INVESTMENT, IS AN OUTGROWTH OF A FORMER STRATEGIC ALLIANCE BETWEEN NDC CILF, THE NATIONAL URBAN LEAGUE, LOCAL URBAN LEAGUE CHAPTERS AND MORGAN STANLEY TO CREATE ACCESS TO CAPITAL FOR MINORITY COMMUNITIES WHO FACE BARRIERS TO ECONOMIC OPPORTUNITY AND PARTICIPATION IN THE AMERICAN ECONOMY. BUILT UPON A BASE OF FLEXIBLE PATIENT CAPITAL WITH AFFORDABLE INTEREST RATES AND SOUND TECHNICAL ASSISTANCE AND BUSINESS SUPPORT SERVICES, MCI NURTURES MINORITY BUSINESSES INTO SUCCESSFUL BUSINESSES. MANY STUDIES HAVE DOCUMENTED THAT MINORITY OWNED SMALL BUSINESSES EXPERIENCE HIGHER LOAN DENIAL RATES AND PAY HIGHER INTEREST RATES THAN WHITE-OWNED BUSINESSES EVEN AFTER CONTROLLING FOR DIFFERENCES IN CREDITWORTHINESS. BECAUSE OF THESE DENIAL RATES, MINORITY OWNED BUSINESS MUST RELY MORE UPON OWNER'S EQUITY AND LESS ON BANK DEBT. YET, THESE MINORITY BUSINESSES HAVE LESS EQUITY BECAUSE THEIR WEALTH BASE IS SMALLER. AS A RESULT, MINORITY SMALL BUSINESSES LAUNCH WITH LESS TOTAL CAPITALIZATION THAN CONVENTIONAL BUSINESSES. WITH INADEQUATE CAPITALIZATION, THESE BUSINESSES SUFFER A HIGHER FAILURE RATE THAN WHITE-OWNED BUSINESSES. CILF, HEDC'S CERTIFIED NATIONAL CDFI HAS PROVIDED OVER 30 LOANS TOTALING MORE THAN $3,200,000 TO MINORITY SMALL BUSINESS ENTREPRENEURS AS PART OF THE FORMER CAPITAL ACCESS FUND OF GREATER CLEVELAND (CAFGC) AND CAPITAL ACCESS FUND OF FLORIDA (CAFFL). EXAMPLES OF THE LOANS MADE INCLUDE: TAYLOR TOTS, A DAY CARE PROVIDER IN BROWARD COUNTY, FLORIDAMOBITES, A GOURMET MOBILE FOOD TRUCK IN CLEVELAND, OHIOSOUTHERN CUSTOM IRON ART, A METAL FABRICATOR IN BROWARD COUNTY, FLORIDAIN 2019, NDCCILF INCORPORATED THE MISSION OF PROVIDING ACCESS TO CAPITAL TO MINORITY AND WOMEN ENTREPRENEURS INTO ITS COMPLETE SUITE OF PROGRAMS. CILF IS CURRENTLY RAISING CAPITAL FOR MINORITY LENDING WHICH IT ANTICIPATES DEPLOYING IN 2020.IN 2019, CILF RECEIVED A $3 MILLION EQ2 INVESTMENT FROM DISCOVER BANK THAT IT IN TURN LOANED TO THE DELAWARE INNOVATION SPACE, A SCIENCE AND TECHNOLOGY INCUBATOR DEVELOPED IN PARTNERSHIP WITH DUPONT AND THE UNIVERSITY OF DELAWARE. THE BUILDING WAS DONATED TO THE DE NOVO NONPROFIT FOR THIS VENTURE BY DUPONT AND IS LOCATED ON THE GROUNDS OF THEIR EXPERIMENTAL STATION IN WILMINGTON, DELAWARE. THE LOAN PROVIDED BY CILF WILL BE USED TO PROVIDE LOW-COST, PATIENT FUNDING TO EARLY STAGE COMPANIES LOOKING TO UTILIZE STATE OF THE ART LAB FACILITIES TO INCUBATE THEIR PRODUCT OR PROCESS. REPAID PRINCIPAL WILL BE DEPLOYED TO FUND ADDITIONAL SMALL BUSINESS AND NONPROFIT BORROWERS THAT MEET DISCOVERS CRA NEEDS IN THE STATE OF DELAWARE.ALSO, IN 2019, CILF CAPITALIZED AN AFFORDABLE HOUSING PREDEVELOPMENT LOAN FUND THAT IT LENDS TO QUALIFIED LIHTC DEVELOPERS TO WHO NEED FUNDS TO PAY FOR SOFT COST ASSOCIATED WITH ASSEMBLING A LIHTC APPLICATION TO OBTAIN CREDITS. 137803 14123 LOW INCOME HOUSING:TO CONSTRUCT NEW LOW INCOME HOUSING AND TO DEVELOP, MANAGE, OPERATE, PROMOTE, FUND, AND SUPPORT EXISTING LOW INCOME HOUSING FOR PERSONS OF LIMITED FINANCIAL MEANS, HANDICAPPED PERSONS, ELDERLY PERSONS, AND OTHER PERSONS IN NEED OF SAFE ADEQUATE AFFORDABLE HOUSING AND TO ASSIST GENERALLY IN THE ALLEVIATION OF HOUSING SHORTAGES THROUGHOUT THE US.HEDC IS A NATIONAL LEADER IN LOW INCOME HOUSING THROUGH BOTH DEVELOPMENT AND INVESTMENT. WORKING IN PARTNERSHIP WITH NONPROFIT ORGANIZATIONS AND SERVICE PROVIDERS AROUND THE NATION, HEDC HAS DEVELOPED, FINANCED, OPERATED, AND/OR MANAGED OVER 11,700 UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE (CONT. ON SCHEDULE O) LOW-INCOME HOUSING TOTALING MORE THAN$1.7 BILLION OF INVESTMENT IN LOW INCOME COMMUNITIES IN MORE THAN 30 STATES. IN 2019, THROUGH OUR LOW-INCOME HOUSING DEVELOPMENT AND INVESTMENT ACTIVITIES, HEDC THROUGH ITS SUBORDINATE CORPORATION, NDC CORPORATE EQUITY FUND INVESTED $92.2 MILLION IN 13 PROJECTS CONTAINING 758 UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE HOUSING FOR LOW INCOME PERSONS AND FAMILIES, THE ELDERLY, AND PEOPLE WITH SPECIAL NEEDS. INVESTMENT AND DEVELOPMENT ACTIVITIES TOTALED $518.8 MILLION. THE FOLLOWING ARE REPRESENTATIVE SAMPLES OF HEDC AFFORDABLE HOUSING PROJECTS COMPLETED IN 2019:COURTLAND ARMS NEW BRITAIN, CTNDC CORPORATE EQUITY FUND MADE AN EQUITY INVESTMENT OF $3,436,936 FOR THIS $7,349,352 AFFORDABLE HOUSING RENOVATION PROJECT LOCATED IN NEW BRITAIN, CONNECTICUT. THE PROJECT IS PROVIDING PERMANENT HOUSING FOR 24 FAMILIES/INDIVIDUALS. THE PROJECT WILL CONTAIN 24 ONE BEDROOM UNITS, FOUR WILL BE AVAILABLE TO RENTERS WITH INCOMES BELOW 25% OF AREA MEDIAN INCOME, SEVEN UNITS WILL BE AVAILABLE FOR RENTERS WITH INCOMES BELOW 50% OF AREA MEDIAN INCOME AND THIRTEEN UNITES WILL BE OCCUPIED BY RENTERS WITH INCOMES BELOW 60% OF AREA MEDIAN INCOME. RENTAL ASSISTANT PAYMENTS WILL BE AVAILABLE TO SELECTED RENTERS TO OFFSET RENT LOSS DUE TO OCCUPANTS HAVING INCOMES BELOW THOSE OUTLINED ABOVE. THE DEVELOPER IS CHRYSALIS CENTER REAL ESTATE CORPORATION OF HARTFORD, CONNECTICUT. NORTHERN HOTEL FORT COLLINS - CONDC CORPORATE EQUITY FUND MADE A $2,266,622 EQUITY INVESTMENT IN A 47-UNIT SENIOR PROJECT DEVELOPED BY MJT PROPERTIES, INC OF ENGLEWOOD, COLORADO. THIS $6,671,600 PROJECT IS A RE-SYNDICATION OF THE ORIGINAL 2000/2001 RENOVATION OF THIS HISTORIC HOTEL AND IS PROVIDING 47-UNITS OF FULLY RENOVATED AFFORDABLE LIVING FOR SENIORS (55+) WHOSE INCOMES RANGE FROM 40% TO 60% OF AREA MEDIAN INCOME FOR THE FORT COLLINS SMSA. RENTS FOR THE 41ONE BEDROOM UNITS IS $595 A MONTH AND THE TWO-BEDROOM UNITS WILL RENT FOR $714 A MONTH.ST. JOSEPH'S COMMONS CLEVELAND, OHST JOSEPH'S COMMONS APARTMENTS IS A 68-UNIT NEW CONSTRUCTION RENTAL PROPERTY LOCATED IN CLEVELAND, OHIO. THE PROJECT SPONSOR IS FRONT STEPS HOUSING SERVICES A CLEVELAND BASED NONPROFIT ENGAGED IN THE DEVELOPMENT OF AFFORDABLE HOUSING. NDC CORPORATE EQUITY FUND INVESTED $10, 613,464 IN EQUITY INTO THIS $14,041,515 PROJECT. EIGHTEEN OF THE UNITS WILL BE RENTED TO FAMILIES WHOSE INCOMES DO NOT EXCEED 30% OF AREA MEDIAN INCOME, TWENTY-THREE WILL BE RENTED TO FAMILIES WITH INCOME LESS THAN 50% OF AREA MEDIAN INCOME AND TWENTY-SEVEN WILL BE RENTED TO OCCUPANTS WHOSE INCOMES ARE AT 60% OR LESS OF AREA MEDIAN INCOME. HUD HOUSING CHOICE VOUCHERS WILL BE AVAILABLE FOR ALL 68-UNITS. 88928978 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 9 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X ADAM ENNIS 2126821106 ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 ADAM ENNIS BOARD MEMBER/CFO 11.00 39.00 X X 0 182060 59420 ANGELA BUTLER-ZENON BOARD MEMBER 7.00 43.00 X 0 177282 74015 ANN VOGT OUTGOING SEC/TRES/BOARD MEMBER 6.60 48.90 X X 0 302341 58952 BRENDAN MEHAFFY BOARD MEMBER 0.25 X 0 0 0 BYRON BROWN BOARD MEMBER 0.25 X 0 0 0 CHARLEY DEPEW BOARD MEMBER 1.50 48.50 X 0 185042 70013 DANIEL MARSH III PRES/BOARD MEMBER 4.40 50.60 X X 0 304996 97682 DAVID J TREVISANI BOARD MEMBER 20.50 29.50 X 0 185310 67075 GERTRUDE SCRIVEN BOARD MEMBER 0.50 49.50 X 0 180883 45436 INGRID NARDONI OUTGOING BOARD MEMBER 2.50 47.75 X 0 90347 30446 JESSICA EZRA BOARD MEMBER 0.25 X 0 0 0 JOANNA CHEN BOARD MEMBER 0.25 X 0 0 0 JOHN PALYO BOARD MEMBER 8.00 42.00 X 0 215703 62837 JOSEPH WECHSLER OUTGOING BOARD MEMBER 0.25 X 0 0 0 KEVIN GREMSE BOARD MEMBER 1.00 49.00 X 0 188420 65590 MICHAEL GRIFFIN BOARD MEMBER 1.00 49.00 X 0 232988 73008 ROSEANN NOVEMBRINO BOARD MEMBER 0.25 X 0 0 0 STEPHANIE DUGAN BOARD MEMBER 1.00 49.00 X 0 189990 57444 STEVEN THAYER BOARD MEMBER 0.25 X 0 0 0 SVANTE MYRICK BOARD MEMBER 0.25 X 0 0 0 THOMAS GIBNEY BOARD MEMBER 0.25 X 0 0 0 WAYNE EVANS BOARD MEMBER 0.25 X 0 0 0 WILLIAM L COURTRIGHT OUTGOING BOARD MEMBER 0.25 X 0 0 0 JENNIE VERTREES SECRETARY 36.00 X 0 91254 55628 0 2526616 817546 0 0 1 0 BGIS GLOBAL INTEGRATED SOLUTIONS US LLC 210 S HUDSON ST STE 380 SEATTLE WA 98134 PROPERTY MANAGEMENT 3569498 SBM MANAGEMENT SERVICES LP 5241 ARNOLD AVENUE MCCLELLAN CA 95652 JANITORIAL 1069714 NEXTSTREET FINANCIAL LLC 184 DUDLEY ST ROXBURY MA 02119 PROGRAM MANAGEMENT 430308 STAR PROTECTION AGENCY LLC 875 124TH AVENUE NE STE 101 BELLEVUE WA 98005 SECURITY 414549 CUSHMAN & WAKEFIELD 5510 LINCOLN BLVD STE 175 PLAYA VISTA CA 90094 PROPERTY MANAGEMENT 211905 8 760500 1372254 2132754 RENTAL INCOME 900099 52565618 52565618 INTEREST REVENUE 900099 15164476 13149612 2014864 EXPENSE RECOVERIES 900099 5812935 5812935 DEVELOPER FEE INCOME 900099 2239670 2239670 FINANCIAL ASSISTANCE 900099 1050000 1050000 76832699 31529 31529 989343 -989343 -989343 -989343 PARKING INCOME 900099 4063843 4063843 TREASURY REBATES 900099 2459613 2459613 MANAGEMENT FEE INCOME 900099 105550 105550 5205259 5150619 54640 11834265 89841904 84137847 0 3571303 1250000 1250000 3786460 1448373 2338087 691746 10594 681152 10020162 10020162 106380 106380 39407888 39407888 23254275 23254275 945627 945627 OPERATING & MAINTENANCE 10690247 10690247 ADMINISTRATIVE EXPENSES 1899861 1899861 OTHER EXPENSES 1804407 1795432 8975 93857053 88928978 4928075 0 8456186 7730198 43894516 34199061 300000 344800 803752 13818817 10889224 2033706 2207265 622487152 183575372 449116285 438911780 430036860 413659560 4747254 4392191 32451996 30850412 984900420 943943443 16558925 16156417 100000 1305925 2672270 721663773 692551248 125770000 119720000 1901293 2901293 38100839 36436925 905400755 870438153 X 79499665 73505290 79499665 73505290 984900420 943943443 -4015149 228137 -2207363 0 X 0 0 0 X 3882487 2329246 558772 2004086 2132754 10907345 90119447 92540247 76922743 107428707 76832699 443843843 94001934 94869493 77481515 109432793 78965453 454751188 0 0 0 454751188 2882511 272136 2444583 163469 31529 5794228 2882511 272136 2444583 163469 31529 5794228 1084019 5726504 10162747 6796642 11834265 35604177 97968464 100868133 90088845 116392904 90831247 496149593 0.91660 0.95380 0.01170 0.00900 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: PARKING FEE - 2015 AMOUNT: $ 1,072,419. 2016 AMOUNT: $ 2,031,423. 2017 AMOUNT: $ 4,920,991. 2018 AMOUNT: $ 3,353,463. 2019 AMOUNT: $ 4,063,843. OTHER INCOME - 2015 AMOUNT: $ 11,600. TREASURY REBATES - 2016 AMOUNT: $ 2,688,819. 2017 AMOUNT: $ 2,616,077. 2018 AMOUNT: $ 2,540,046. 2019 AMOUNT: $ 2,459,613. MISC FEE INCOME - 2016 AMOUNT: $ 76,956. 2017 AMOUNT: $ 2,542,354. 2018 AMOUNT: $ 847,583. 2019 AMOUNT: $ 5,205,259. EXPENSES REIMBURSEMENT BY TENANT - 2016 AMOUNT: $ 910,926. DEBT FORGIVENESS - 2016 AMOUNT: $ 18,380. MANAGEMENT FEE INCOME - 2017 AMOUNT: $ 83,325. 2018 AMOUNT: $ 55,550. 2019 AMOUNT: $ 105,550. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11755000 11755000 580847066 174592440 406254626 7236361 6807809 428552 22648725 2175123 20473602 438911780 SOCIAL INFRASTRUCTURE DEV. TO LESSEN THE BURDEN OF GOVT 358221117 F CDI INVESTMENT, ECONOMIC DEVELOPMENT 54981072 F LOW INCOME HOUSING PROJECTS 457371 F 413659560 ADVANCES PAYABLE 2321781 BOND PREMIUM 13567245 CONSTRUCTION FUNDS PAYABLE 1648667 DUE TO THIRD PARTIES 6842891 PREPAID RENT 1613346 SECURITY DEPOSITS 41531 INVESTMENT LIABILITIES IN PROJECTS 5351802 LOAN SERVICING LIABILITY 4868 LEASE LIABILITIES 5044794 36436925 1 NDC HOUSING AND ECONOMIC DEVELOPMENT CORP 24 WHITEHALL STREET SUITE 710 NEW YORK NY 10004 112933129 501(C)(3) 1250000 OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T) 1 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY REQUIRING THE GRANTEE TO PROVIDE PERIODIC REPORTS THAT DESCRIBE THE USE OF GRANT FUNDS. 0 1 0 0 0 0 0 0 0 ADAM ENNIS BOARD MEMBER/CFO 0 181817 0 0 0 243 0 14549 0 44871 0 241480 0 0 ANGELA BUTLER-ZENON BOARD MEMBER 0 176592 0 0 0 690 0 21923 0 52092 0 251297 0 0 ANN VOGT OUTGOING SEC/TRES/BOARD MEMBER 0 298777 0 0 0 3564 0 36971 0 21981 0 361293 0 0 CHARLEY DEPEW BOARD MEMBER 0 182983 0 0 0 2059 0 22569 0 47444 0 255055 0 0 DANIEL MARSH III PRES/BOARD MEMBER 0 298900 0 0 0 6096 0 62297 0 35385 0 402678 0 0 DAVID J TREVISANI BOARD MEMBER 0 183092 0 0 0 2218 0 21338 0 45737 0 252385 0 0 GERTRUDE SCRIVEN BOARD MEMBER 0 178596 0 0 0 2287 0 25651 0 19785 0 226319 0 0 JOHN PALYO BOARD MEMBER 0 214682 0 0 0 1021 0 23004 0 39833 0 278540 0 0 KEVIN GREMSE BOARD MEMBER 0 187592 0 0 0 828 0 19256 0 46334 0 254010 0 0 MICHAEL GRIFFIN BOARD MEMBER 0 232000 0 0 0 988 0 28093 0 44915 0 305996 0 0 STEPHANIE DUGAN BOARD MEMBER 0 187852 0 0 0 2138 0 24348 0 33096 0 247434 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL 457(F) EXECUTIVE RETIREMENT PLAN, NO CONTRIBUTIONS WERE MADE DURING THE YEAR. - DANIEL MARSH III - GERTRUDE SCRIVEN A WASHINGTON ECONOMIC DEV FIN AUTH 911493002 93975WCB9 2014-07-24 109205000 REFUNDING 0 0 0 B CITY OF NEWBURGH IND DEV AGENCY 141742033 650861AB3 2005-11-17 21230000 CONSTRUCTION 0 0 0 C WASH ST HOUSING FINANCE COMM 911874730 2015-09-29 15740000 REFUNDING 0 0 0 D TOMPKINS COUNTY IDA 161214039 890099CN2 2003-12-01 19035000 CONSTRUCTION 0 0 0 A 28190000 109205000 108233233 971767 1 0 0 1 B 9025000 21230000 372076 112175 19714522 1031227 2007 0 0 1 1 C 975000 15740000 1087318 14570263 82419 1 0 1 1 D 8030000 19035000 2086771 1285687 15662542 2005 0 0 0 1 A 0 0 0 1 1 0.00640 0.00640 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WASH. ST. HOUSING FINANCE COMM. DATE THE REBATE COMPUTATION WAS PERFORMED: 01/09/2020 ISSUER NAME: WBRP 3.2 DATE THE REBATE COMPUTATION WAS PERFORMED: 07/25/2020 ISSUER NAME: SCRANTON-LACKAWANA HLTH & WELF. AUTH. (CDP SCRANTON) DATE THE REBATE COMPUTATION WAS PERFORMED: 12/16/2019 ISSUER NAME: FYI PROPERTIES DATE THE REBATE COMPUTATION WAS PERFORMED: 01/15/2019 ISSUER NAME: CDP LOS ANGELES COUNTY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/25/2020 ISSUER NAME: COB PROPERTIES DATE THE REBATE COMPUTATION WAS PERFORMED: 02/11/2020 A WBRP 32 273468946 937308AY0 2015-10-07 107615000 CONSTRUCTION 0 1 0 B NJB PROPERTIES 205535917 65486MAAS 2006-12-05 179285000 CONSTRUCTION 1 1 0 C TOP 260073671 89054QAP5 2014-06-26 43435000 CONSTRUCTION 0 1 0 D WASHINGTON ECONOMIC DEV FIN AUTH 911493002 93975WEH4 2013-12-11 28995000 REFUNDING 0 0 0 A 2420000 107615000 12078360 1613002 104849679 0 0 0 1 B 4475000 155420000 179285000 2136771 177148229 2009 0 0 0 1 C 10020000 43435000 48867177 239100 30362 1 0 1 1 D 9195000 28995000 405166 28589834 1 0 1 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 D 0 1 0 1 1 0.00440 0.00440 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 0 1 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A SCRANTON-LACKAWANA HLTH & WELF AUTH (CDP SCRANTON) 232205980 810694K99 2016-08-30 36126671 ACQUIRE LEASEHOLD INTEREST 0 0 0 B FYI PROPERTIES 262473717 302716AU9 2009-08-13 305810000 CONSTRUCTION 1 1 0 C CDP LOS ANGELES COUNTY 273473882 20368RAR5 2011-05-26 43710000 CONSTRUCTION 0 1 0 D COMMUNITY PROPERTIES ALASKA INC 455454746 20401WAT9 2012-12-19 25070000 CONSTRUCTION 0 1 0 A 328041 36126671 3145683 32980988 0 0 0 1 B 305810000 305810000 4398514 301411486 2011 0 0 1 1 C 11005000 43710000 1271507 42438493 2012 0 0 0 1 D 2480000 25070000 544205 24525795 2014 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 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A COB PROPERTIES 453455657 19075HAV4 2014-07-11 49625000 CONSTRUCTION 0 1 0 B FYI PROPERTIES 262473717 302716AW5 2019-03-05 227875000 REFUNDING 0 1 0 A 4565000 49625000 1020679 48604321 2015 0 0 0 1 B 2485000 227875000 341665 227533335 1 1 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 2 ANN VOGT & INGRID NARDONI, OUTGOING BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 NATIONAL DEVELOPMENT COUNCIL IS THE SOLE VOTING MEMBER OF NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A NATIONAL DEVELOPMENT COUNCIL IS THE SOLE VOTING MEMBER OF NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION AND HAS THE POWER TO ELECT AND REMOVE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY OUTSIDE TAX PREPARERS IN CONSULTATION WITH MANAGEMENT AND AUDITORS. A DRAFT OF THE FULL FORM 990 WAS PROVIDED TO THE ENTIRE BOARD FOR REVIEW. A COMPLETE COPY OF THE FINAL FORM 990 WAS PROVIDED TO THE ORGANIZATION'S ENTIRE BOARD BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF NDC'S BOARD OF DIRECTORS AND EXECUTIVE EMPLOYEES ARE REQUIRED ANNUALLY TO EXECUTE A CONFLICT OF INTEREST AND COMPENSATION GUIDELINES ACKNOWLEDGEMENT STATING THAT THEY HAVE RECEIVED, READ AND UNDERSTAND, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES. THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES REQUIRES BOARD MEMBERS AND EXECUTIVE EMPLOYEES TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST IMMEDIATELY.UPON DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, THE CHAIRPERSON OF THE BOARD WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY CAN RESULT IN APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. ALSO, ALL BOARD MEMBERS, BY EXECUTING THE ANNUAL ACKNOWLEDGEMENT STATEMENT, CONCERNING THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES, ACKNOWLEDGE THAT NDC SHALL REMAIN FAITHFUL TO ITS CHARITABLE PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART IV, LINE 12B: THIS RETURN HAS BEEN PREPARED BASED ON ALL AVAILABLE INFORMATION AT THE TIME OF FILING. IT IS ALSO BASED ON UNAUDITED FINANCIAL STATEMENTS. IF ANY SIGNIFICANT DIFFERENCES ARISE AFTER THIS FILING, THIS RETURN WILL BE AMENDED TO PROPERLY REFLECT THE ADDITIONAL INFORMATION. NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 112933129 ECON DEV/ASSIST GOV'T/HOUSING VA 501(C)(3) LINE 10 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 GROW AMERICA FUND INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 133641265 LOANS AT BELOW-MARKET RATES FOR ECONOMIC DEVELOPMENT DE 501(C)(3) LINE 10 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 NDC SUPPORT I INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 134156877 SUPPORT NDC NY 501(C)(3) LINE 12A, I NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 KINGSBOROUGH HOUSING DEVELOPMENT FUND COMPANY INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 141734500 HOUSING NY 501(C)(3) LINE 10 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 136532871 ECON DEV/ASSIST GOV'T/HOUSING NY 501(C)(3) LINE 10 N/A 0 NDC GREEN RENEWABLE ENERGY ENTERPRISE NEXUS ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 273820841 ECONOMIC DEVELOPMENT NY 501(C)(3) LINE 10 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 NDC RESOURCES ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 460674188 ECON DEV/HOUSING/ASSIST GOV'T DC 501(C)(3) LINE 12A, I NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 NDC CORPORATE EQUITY FUND III ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 134071776 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND IV ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 134151268 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND V ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 134195127 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND VI ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 050585420 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND VII ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 203273264 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND VIII ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 261481355 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND IX ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 264226439 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND X ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 454281155 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XI ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 462764258 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XII ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 473762588 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XIII ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 813113490 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XIV ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 821877042 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XV ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 831506679 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XVI ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 842872284 LOW INCOME HOUSING NY N/A COMMUNITY DEVELOPMENT GROUP HOLT ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 201643188 HOUSING NY N/A C 0 COMMUNITY DEVELOPMENT GROUP ILLINOIS INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 201644052 HOUSING NY N/A C 0 COMMUNITY DEVELOPMENT GROUP KENTUCKY INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 133555220 ECONOMIC DEVELOPMENT NY N/A C 0 COMMUNITY DEVELOPMENT GROUP RENEWABLE ENERGY ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 262989445 ECONOMIC DEVELOPMENT NY N/A C 0 COMMUNITY DEVELOPMENT GROUP WALLA WALLA INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 133615889 ECONOMIC DEVELOPMENT NY N/A C 0 COMMUNITY DEVELOPMENT INVESTOR BROOKLYN ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 461534076 ECONOMIC DEVELOPMENT NY N/A C 0 HOUSING DEVELOPMENT GROUP III ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 203673695 HOUSING NY N/A C 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 1 1