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GROW AMERICA FUND INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
GROW AMERICA FUND INC (EIN 13-3641265)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-09
IRS object ID
202023149349302867
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-09T13:25:43-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221478099PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COHNREZNICK LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11301 AVENUE OF THE AMERICASAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133641265EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GROW AMERICA FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGROWBusinessNameControlTxt
Phone2126821106PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE BATTERY PARK PLAZA NO 710AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL MARSH IIIPersonNm
Person TitleCHAIRMANPersonTitleTxt
Phone2126821106PhoneNum
Signature2020-11-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLORI ROTHE YOKOBOSKY CPAPreparerPersonNm
PTINP01273422PTIN
Phone2122970400PhoneNum
Preparation2020-11-08PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address209.59.243.22IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-09IPDt
IP Tm10:29:37IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device IdF9BA0E82A6D947CC92540FBC56E8B73643681DA5AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDANIEL MARSH IIIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE BATTERY PARK PLAZA NO 710AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,721,122GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GROWAMERICAFUND.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1971FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTHE GROW AMERICA FUND, INC. ("GAF") HAS A PRIMARY MISSION TO CREATE ECONOMIC OPPORTUNITY, STIMULATE INVESTMENT, AND TO ENCOURAGE ENTREPRENEURSHIP IN LOW-INCOME COMMUNITIES BY FINANCING BUSINESSES AND ENTREPRENEURS THAT INVEST IN THOSE DISADVANTAGED COMMUNITIES, AND/OR CREATE JOBS FOR LOW-INCOME UNEMPLOYED AND UNDER-EMPLOYED INDIVIDUALS. GAF, A LICENSED U.S. SBA SMALL BUSINESS LENDING COMPANY, AND U.S. DEPARTMENT OF THE TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PROVIDES ACCESS TO CAPITAL FOR BUSINESS EXPANSION STRUCTURED WITH LONGER AMORTIZATION TERMS AND LOWER INTEREST RATES. THESE LENDING TERMS SERVE TO DECREASE DEBT SERVICE COSTS AND IMPROVE THE BORROWER'S OPERATING CASH FLOW, GIVING BUSINESSES A FINANCIAL ADVANTAGE THAT HELPS STRENGTHEN BOTH THE ECONOMIC BASE OF THE BUSINESS, AND THE COMMUNITY.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent1VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers1TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,742,203PYContributionsGrantsAmt
CY Contributions Grants$644,968CYContributionsGrantsAmt
PY Program Service Revenue$3,520,737PYProgramServiceRevenueAmt
CY Program Service Revenue$3,019,575CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$20,759PYOtherRevenueAmt
CY Other Revenue$56,579CYOtherRevenueAmt
PY Total Revenue$5,283,699PYTotalRevenueAmt
CY Total Revenue$3,721,122CYTotalRevenueAmt
PY Grants And Similar Paid$53,391PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,411,515PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,514,506CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,470,778PYOtherExpensesAmt
CY Other Expenses$3,170,261CYOtherExpensesAmt
PY Total Expenses$4,935,684PYTotalExpensesAmt
CY Total Expenses$5,684,767CYTotalExpensesAmt
PY Revenues Less Expenses$348,015PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,963,645CYRevenuesLessExpensesAmt
Total Assets BOY$59,780,108TotalAssetsBOYAmt
Total Assets EOY$47,711,988TotalAssetsEOYAmt
Total Liabilities BOY$45,840,791TotalLiabilitiesBOYAmt
Total Liabilities EOY$35,736,316TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$13,939,317NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$11,975,672NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE GROW AMERICA FUND, INC. ("GAF") HAS A PRIMARY MISSION TO CREATE ECONOMIC OPPORTUNITY, STIMULATE INVESTMENT, AND TO ENCOURAGE ENTREPRENEURSHIP IN LOW-INCOME COMMUNITIES BY FINANCING BUSINESSES AND ENTREPRENEURS THAT INVEST IN THOSE DISADVANTAGED COMMUNITIES, AND/OR CREATE JOBS FOR LOW-INCOME UNEMPLOYED AND UNDER-EMPLOYED INDIVIDUALS. GAF, A LICENSED U.S. SBA SMALL BUSINESS LENDING COMPANY, AND U.S. DEPARTMENT OF THE TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PROVIDES ACCESS TO CAPITAL FOR BUSINESS EXPANSION STRUCTURED WITH LONGER AMORTIZATION TERMS AND LOWER INTEREST RATES. THESE LENDING TERMS SERVE TO DECREASE DEBT SERVICE COSTS AND IMPROVE THE BORROWER'S OPERATING CASH FLOW, GIVING BUSINESSES A FINANCIAL ADVANTAGE THAT HELPS STRENGTHEN BOTH THE ECONOMIC BASE OF THE BUSINESS, AND THE COMMUNITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,794,389ExpenseAmt
Revenue$3,076,154RevenueAmt
DescGAF PROVIDES LONGER TERM, LOWER INTEREST RATE SMALL BUSINESS LOANS THAT ENABLE SMALL BUSINESSES TO CREATE JOBS, STIMULATE INVESTMENT, AND EXPAND THE ENTREPRENEURIAL AND SMALL BUSINESS BASE IN LOW-INCOME COMMUNITIES. GAF HAS ASSISTED MORE THAN 641 SMALL BUSINESSES OWNED BY INDIVIDUALS PREVIOUSLY LACKING ACCESS TO APPROPRIATELY STRUCTURED FINANCING. SEVENTY-ONE PERCENT OF OUR LOANS HAVE BEEN MADE IN CDFI-ELIGIBLE CENSUS TRACTS OR TO MINORITY BORROWERS. GAF NOT ONLY PROVIDES LOANS WITH FAVORABLE BELOW MARKET TERMS BUT ALSO PROVIDES INDIVIDUAL BUSINESS COUNSELING AT APPLICATION AND CONTINUING THROUGH THE ENTIRE TERM OF THE LOAN. LOANS MADE THROUGH THIS PROGRAM TOTAL OVER $336 MILLION. EACH LOAN IS STRUCTURED TO FIT THE FINANCING NEEDS OF THE INDIVIDUAL BUSINESS AND CARRY BELOW MARKET RATES AND TERMS. TO ASSIST THE BORROWER, GAF CAPS CLOSING COSTS AND PROVIDES BUSINESS COUNSELING AT NO COST TO THE SMALL BUSINESSES. GAF LENDS IN DISTRESSED COMMUNITIES IN AN ELEVEN-STATE MARKET WHERE THE POVERTY LEVEL IS DOUBLE THE NATIONAL AVERAGE. ADDITIONALLY, GAF OPERATES ITS SMALL BUSINESS-LENDING PROGRAM IN FIVE OF THE TEN MOST DISTRESSED CITIES IN AMERICA. CLEVELAND OHIO, BUFFALO NEW YORK, NEWARK NEW JERSEY, CINCINNATI OHIO AND SAN BERNARDINO CALIFORNIA, HAVE DISTRESS RATINGS RANGING FROM 93.6 TO 99.9 OUT OF 100 ACCORDING TO THE ECONOMIC INNOVATION GROUP DISTRESSED COMMUNITY INDEX. BUSINESSES RECEIVING FINANCING FROM GAF HAVE CREATED AND/OR RETAINED OVER 16,000 JOBS, AND 11,500 OF THOSE JOBS ARE CONSIDERED FILLED BY LOW AND MODERATE-INCOME INDIVIDUALS. OVER THE PAST SEVERAL YEARS, GAF HAS RECEIVED NATIONAL RECOGNITION FROM A VARIETY OF INSTITUTIONS:- THE U.S. SMALL BUSINESS ADMINISTRATION HAS ACKNOWLEDGED GAF AS A MISSION-BASED LENDER FOR CARRYING OUT OUR MISSION TO MAKE CREDIT AVAILABLE TO DISADVANTAGED BUSINESSES AND HELPING THOSE BUSINESSES TO SUCCEED THROUGH OUR TECHNICAL ASSISTANCE. GAF IS AN SBA PREFERRED LENDER. - IN RECOGNITION OF OUR WORK, THE CDFI FUND AWARDED OUR LOAN FUND MORE THAN $8 MILLION IN GRANTS TO CARRY OUT OUR MISSION.- JPMORGAN CHASE MADE A $7 MILLION GRANT TO A CONSORTIUM OF SMALL BUSINESS LENDERS WORKING WITH DISADVANTAGED BUSINESSES IN LOW INCOME COMMUNITIES IN CHASE'S COMMUNITY REINVESTMENT AREAS. GAF IS A MEMBER OF THE LENDING CONSORTIUM AND RECEIVED $2.3 MILLION OF THE $7 MILLION GRANT.- JP MORGAN CHASE, PNC BANK AND DISCOVER BANK SUPPORT OUR EFFORTS BY MAKING VERY LOW INTEREST LOANS AND GRANTS AVAILABLE TO US TO CARRY OUT OUR MISSION IN LOW-INCOME COMMUNITIES AND WITH DISADVANTAGED BUSINESSES.- THE LONGWOOD FOUNDATION, GREATER TACOMA COMMUNITY FOUNDATION AND THE SEATTLE FOUNDATION HAVE MADE GRANTS AND PROGRAM RELATED INVESTMENTS (PRIS) AND GRANTS TO OUR SMALL BUSINESS LOAN FUND TOTALING MORE THAN $4.5 MILLION. BELOW ARE EXAMPLES OF DISADVANTAGED BUSINESSES THAT GAF'S SMALL BUSINESS LOAN FUND HAS RECENTLY ASSISTED:MIDDLE BAR: MIDDLEBAR IS A BOUTIQUE BEVERAGE COMPANY WITH A LINE OF CRAFT COCKTAIL MIXERS AND ACCOUTREMENTS FOR THE HOME AND PROFESSIONAL MIXOLOGIST. THE COMPANY'S BRICK AND MORTAR LOCATION IS MIDDLEBAR ON MARKET LOCATED IN THE HISTORIC CORE OF DOWNTOWN INGLEWOOD, CALIFORNIA. IT IS THE MIDDLEBAR PRODUCTION HEADQUARTERS FOR THEIR BAR LINE AS WELL AS THE BEAUTIFUL BACKDROP FOR LA'S BEST NEW JAZZ SPOT. THEY CURRENTLY OFFER LIVE MUSIC JAZZ BRUNCHES ON THE WEEKENDS AND ALSO HOST PRIVATE PARTIES, CORPORATE GATHERINGS, TELEVISION SHOOTS AND SPECIAL MUSICAL EVENTS.GAF PROVIDED A LOAN OF $150,000 TO FUND PERMANENT WORKING CAPITAL TO ASSIST THE COMPANY WITH ITS INVENTORY PURCHASES. COUNTERMEASURES: AFRICAN AMERICAN OWNED COUNTERMEASURES ASSESSMENT SECURITY EXPERTS, LLC (CASE), LOCATED IN NEW CASTLE, DE IS A TRANSPORTATION SECURITY CONSULTING BUSINESS IN OPERATION SINCE 2014. THE COMPANY HAS VARIOUS CONTRACTS WITH PUBLIC AND PRIVATE TRANSPORTATION PROJECTS. GAF PROVIDED A LOAN OF $300,000 TO REFINANCE DEBT SAVING THE COMPANY OVER $36,000 A YEAR IN DEBT PAYMENTS AND PROVIDE PERMANENT WORKING CAPITAL. CUTOM PC COMPUTERS: CUSTOM-PC COMPUTERS LLC DBA ALLPRO TECHNOLOGIES (SBC) WAS FOUNDED IN 2002. THE BUSINESS STARTED OUT PROVIDING COMPUTER REPAIRS AND NETWORKING SERVICES TO ITS FOUNDER'S FRIENDS AND NEIGHBORS. TODAY, THE SBC PROVIDES IT CONSULTING, NETWORK INSTALLATION, AND SALES THROUGHOUT THE CITY OF CINCINNATI. SBC SELLS AND REPAIRS ALL TYPES OF COMPUTERS, PARTS AND PERIPHERALS, AND SOFTWARE. IN ADDITION, SBC REPAIRS ALL TYPES OF COMPUTERS, INSTALLS AND UPGRADES SOFTWARE FOR DESKTOPS, LAPTOPS, AND SERVERS, AND SETS UP AND MAINTAINS RESIDENTIAL AND COMMERCIAL NETWORKS AS WELL AS SURVEILLANCE CAMERAS AND SYSTEMS. THE SBC HELPS COMMERCIAL CLIENTS SET UP NEW NETWORKS, RELOCATE EXISTING NETWORKS, EXPAND EXISTING NETWORKS AS THEY ADD EMPLOYEES, AND REMOVE VIRUSES AND SPYWARE. SBC CONSIDERS ITSELF A RELIABLE AND AFFORDABLE IT SUPPORT DEPARTMENT AND IS GUIDED BY THE PRINCIPLES OF GREAT SERVICE, COMPETITIVE PRICING, FAST RESPONSE TIMES AND COMPREHENSIVE COVERAGE.GAF PROVIDED A LOAN OF $105,000 TO REFINANCE DEBT SAVING THE COMPANY NEARLY $6,000 A YEAR IN DEBT SERVICE PAYMENTS AND FUND PERMANENT WORKING CAPITAL. SOLEMATE: SOLEMATE IS A RETAIL OPERATION WITH A FOCUS ON SPECIALTY JEANS AND HIGH-END, SPECIALTY SNEAKERS. THE BUSINESS IS LOCATED IN BROOKLYN, NY. THE COMPANY HAS BEEN IN OPERATIONS FOR OVER THREE YEARS AND CONTINUES TO GROW IN SALES AND POPULARITY OVER THE COURSE OF OPERATIONS. PER MANAGEMENT, THE STORE'S POPULARITY, ESPECIALLY WITHIN THE PROSPECT LEFFERTS GARDENS NEIGHBORHOOD CONTINUES TO GROW AS HE WAS ABLE TO SOURCE A DIVERSE ARRAY OF MERCHANDISE, LARGELY CENTERED IN SPECIALTY NIKE SNEAKERS, ADIDAS YEEZY SNEAKERS AND OTHER POPULAR ITEMS..GAF PROVIDED A $75,00 LOAN TO REFINANCE OF SHORT TERM, HIGH INTEREST LOANS FROM PREDATORY ONLINE LENDERS AND PROVIDED NEW PERMANENT WORKING CAPITAL TO FUND CONTINUED GROWTH. PORTABLE CHEF: PORTABLE CHEF (PC) IS A MEAL PREPARATION AND DELIVERY SERVICE LOCATED IN NEW YORK CITY. THE COMPANY HAS BEEN IN OPERATION FOR OVER FIVE YEARS AND PROVIDES HIGHLY NUTRITIOUS, CUSTOM PREPARED MEALS TAILORED TO A CLIENT'S SPECIFICATIONS. THIS IS ESPECIALLY USEFUL SERVICE FOR CLIENTS ON A DIET OR THOSE WITH SPECIFIC DIETARY RESTRICTIONS (OR HEALTH ISSUES). THE COMPANY PREPS MEALS DAILY AND MAKES DELIVERIES THROUGHOUT NEW YORK CITY'S FIVE BOROUGHS. HISTORICALLY, THE COMPANY OPERATED IN EAST HARLEM, NY, BUT DUE TO THE EXPLOSIVE GROWTH IS IN NEED OF ADDITIONAL SPACE TO ACCOMMODATE THIS GROWTH. GAF PROVIDED A LOAN OF $221,000 TO FUND LEASEHOLD IMPROVEMENTS TO EXPAND THE COMPANY'S SPACE. WIREBIRDS: FORMED IN 2011, WIREBIDS LLC IS AN ONLINE AUCTION PLATFORM FOR COMMERCIAL PRINTERS, BOOKBINDERS, AND OTHER RELATED TRADES WHO WISH TO DISPOSE OF OR ACQUIRE EQUIPMENT FOR THEIR OPERATIONS. IT DEVELOPS AND MAINTAINS ITS OWN SOFTWARE, WHICH IS NOW ON ITS THIRD GENERATION. PRESENTLY, IT HAS 13,000 ACTIVE USERS AND FACILITATE SALES OF OVER $5 MILLION PER YEAR. WIREBIDS DOES NOT BUY OR SELL EQUIPMENT ITSELF IT FACILITATES SALES BY PROVIDING THE PLATFORM AND CHARGING A COMMISSION TO SELLERS OF 5%-10% OF THE SALE PRICE, WHICH THE SELLER MAY CHOOSE TO PASS ON TO THE BUYER AS A BUYER'S PREMIUM. WIREBIDS ALSO CREATES A COMBINED AUCTION EVENT ONCE A MONTH WHEREIN A SELLER OF A FEW ITEMS MAY PARTICIPATE IN A LARGER EVENT WITH SEVERAL SELLERS IN ORDER TO MAXIMIZE EXPOSURE AND CREATE A NETWORK EFFECT. GAF FINANCED A LOAN OF $610,000 TO PURCHASE A BUILDING TO HOUSE ITS BUSINESS. VIRTAIR: VIRTAIR INC. (VAI), ESTABLISHED IN 2014 AND PROVIDES HOSPITALS AND OTHER MEDICAL CLINICS WITH THE TIMELY DELIVERY OF OXYGEN, OXYGEN TANKS & SUPPLY TO NEW YORK CITY METROPOLITAN HOSPITALS, CLINICS AND NURSING HOMES. GAF PROVIDED A LOAN OF $660,000 TO REFINANCE USURY DEBT AND PROVIDE THE COMPANY WITH PERMANENT WORKING CAPITAL TO FUND ITS GROWING INVENTORY.Desc
Total Program Service Expenses$4,794,389TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member1IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DANIEL CHOIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2126821106PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE BATTERY PARK PLAZA SUITE 710AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
CHARLEY DEPEW
BOARD MEMBER0.5049.50Yes (X)$0$185,042$70,013
DANIEL MARSH III
CHAIRMAN2.7554.40Yes (X)$0$304,996$97,682Yes (X)
JOHN PALYO
PRESIDENT36.0014.00Yes (X)$0$215,703$87,837Yes (X)
KEVIN GREMSE
BOARD MEMBER1.0049.00Yes (X)$0$188,420$65,590
PATRICIA THOMSON
BOARD MEMBER0.25Yes (X)$0$0$0
RAQUEL FAVELA
BOARD MEMBER0.5049.50Yes (X)$0$189,894$22,743
STEPHANIE DUGAN
SECRETARY1.0049.00Yes (X)$0$189,990$57,444
ADAM ENNIS
TREASURER3.0047.00$0$182,060$59,420Yes (X)
DANIEL CHOI
CFO22.5024.75$0$111,340$55,728Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$1,567,445TotReportableCompRltdOrgAmt
Total Other Compensation$516,457TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
SHALLO GALLUSCIO & BIANCHI CPAS
21 NORTH SEVENTH STREETHUDSONNY12534ACCOUNTING$130,000
COHNREZNICK LLP
1301 AVENUE OF THE AMERICASNEW YORKNY10019AUDITING$109,900
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
All Other Contributions$644,968AllOtherContributionsAmt
Total Contributions$644,968TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST INCOME523000$2,249,907$2,249,907
PREMIUM ON SALE OF LOA523000$372,055$372,055
LOAN SERVICE FEES523000$354,761$354,761
FEE INCOME523000$42,852$42,852
FieldValueIRS element (for citing)
Total Program Service Revenue$3,019,575TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
LATE FEES523000$29,592$29,592
MISCELLANEOUS INCOME900099$26,987$26,987
FieldValueIRS element (for citing)
Other Revenue Total$56,579OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,721,122TotalRevenueColumnAmt
Related Or Exempt Func Income$3,076,154RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,717,797TotalAmt
Program Services$1,414,862ProgramServicesAmt
Management And General$302,935ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$158,895TotalAmt
Program Services$134,832ProgramServicesAmt
Management And General$24,063ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$510,569TotalAmt
Program Services$433,248ProgramServicesAmt
Management And General$77,321ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$127,245TotalAmt
Program Services$104,805ProgramServicesAmt
Management And General$22,440ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$35,577TotalAmt
Program Services$35,577ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$239,900TotalAmt
Management And General$239,900ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$26,500TotalAmt
Management And General$26,500ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$46,487TotalAmt
Program Services$35,412ProgramServicesAmt
Management And General$11,075ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$144,580TotalAmt
Program Services$110,136ProgramServicesAmt
Management And General$34,444ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$211,389TotalAmt
Program Services$184,031ProgramServicesAmt
Management And General$27,358ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$923,422TotalAmt
Program Services$923,422ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROVISION FOR LOAN LOSS$1,083,948$1,083,948
AMORTIZATION$165,179$158,099$7,080
PROJECT AND OTHER FEES$131,979$131,979
EQUIPMENT LEASES AND MA$54,140$777$53,363

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$107,160TotalAmt
Program Services$43,261ProgramServicesAmt
Management And General$63,899ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,684,767TotalAmt
Program Services$4,794,389ProgramServicesAmt
Management And General$890,378ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,264,707BOYAmt
EOY$446,911EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$600,000BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$28,194BOYAmt
EOY$72,164EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$51,681,843BOYAmt
EOY$45,455,295EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$486,547BOYAmt
EOY$445,794EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,718,817BOYAmt
EOY$1,291,824EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$59,780,108BOYAmt
EOY$47,711,988EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,070,267BOYAmt
EOY$1,252,556EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$20,945,790BOYAmt
EOY$13,901,766EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$23,824,734BOYAmt
EOY$20,581,994EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$45,840,791BOYAmt
EOY$35,736,316EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,208,938BOYAmt
EOY$3,109,096EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,730,379BOYAmt
EOY$8,866,576EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$13,939,317BOYAmt
EOY$11,975,672EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$59,780,108BOYAmt
EOY$47,711,988EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,963,645ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,869,756CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,139,172CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,657,359CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,742,203CurrentTaxYearMinus1YearAmt
Current Tax Year$644,968CurrentTaxYearAmt
Total$9,053,458TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,555,325CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,608,558CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,831,220CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,520,737CurrentTaxYearMinus1YearAmt
Current Tax Year$3,019,575CurrentTaxYearAmt
Total$14,535,415TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,425,081CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,747,730CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,488,579CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,262,940CurrentTaxYearMinus1YearAmt
Current Tax Year$3,664,543CurrentTaxYearAmt
Total$23,588,873TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$23,588,873PublicSupportTotal509Amt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$11,745CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$70,235CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$227,610CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20,759CurrentTaxYearMinus1YearAmt
Current Tax Year$56,579CurrentTaxYearAmt
Total$386,928TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,436,826CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,817,965CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,716,189CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,283,699CurrentTaxYearMinus1YearAmt
Current Tax Year$3,721,122CurrentTaxYearAmt
Total$23,975,801TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.98390PublicSupportCY509Pct
Public Support PY5090.98870PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationLATE FEES - 2015 AMOUNT: $ 11,745. 2016 AMOUNT: $ 53,427. 2017 AMOUNT: $ 17,996. 2018 AMOUNT: $ 17,976. 2019 AMOUNT: $ 29,592. NYS CORPORATION TAX REFUND - 2016 AMOUNT: $ 16,808. BAD DEBT RECOVERY - 2017 AMOUNT: $ 209,614. MISCELLANEOUS INCOME - 2018 AMOUNT: $ 2,783. 2019 AMOUNT: $ 26,987.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescPROGRAM LOAN RECEIVABLESDesc
Book Value$45,455,295BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$45,455,295TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
CLIENT INVESTMENT LIABILITIES$12,429,772
DUE TO RELATED ENTITIES$8,152,222
FieldValueIRS element (for citing)
Total Liability$20,581,994TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,713,752TotalRevEtcAuditedFinclStmtAmt
Other Revenue-$2,007,370OtherRevenueAmt
Revenue Not Reported-$2,007,370RevenueNotReportedAmt
Revenue Subtotal$3,721,122RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,721,122TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,677,397TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$3,677,397ExpensesSubtotalAmt
Other Expenses Not Included$2,007,370OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$2,007,370ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,684,767TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION, AMONG OTHERS. THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED DECEMBER 31, 2019. THE ORGANIZATION FILES FORM 990S, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, WITH THE INTERNAL REVENUE SERVICE ("IRS") ANNUALLY.
PART XI, LINE 2D - OTHER ADJUSTMENTS:LOAN EXPENSES -2,007,370.
PART XII, LINE 4B - OTHER ADJUSTMENTS:LOAN EXPENSES 2,007,370.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
CHARLEY DEPEW
BOARD MEMBER$0$182,983$0$0$0$2,059$0$22,569$0$47,444$0$255,055$0$0
DANIEL MARSH III
CHAIRMAN$0$298,900$0$0$0$6,096$0$62,297$0$35,385$0$402,678$0$0
JOHN PALYO
PRESIDENT$0$214,682$0$0$0$1,021$0$48,004$0$39,833$0$303,540$0$0
KEVIN GREMSE
BOARD MEMBER$0$187,592$0$0$0$828$0$19,256$0$46,334$0$254,010$0$0
RAQUEL FAVELA
BOARD MEMBER$0$189,300$0$0$0$594$0$3,243$0$19,500$0$212,637$0$0
STEPHANIE DUGAN
SECRETARY$0$187,852$0$0$0$2,138$0$24,348$0$33,096$0$247,434$0$0
ADAM ENNIS
TREASURER$0$181,817$0$0$0$243$0$14,549$0$44,871$0$241,480$0$0
DANIEL CHOI
CFO$0$111,204$0$0$0$136$0$8,641$0$47,087$0$167,068$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4BFormAndLineReferenceDesc
ExplanationTHE FOLLOWING INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, NO CONTRIBUTIONS WERE MADE DURING THE YEAR. - GERTRUDE SCRIVEN - DANIEL MARSH IIIExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT, INC D/B/A THE NATIONAL DEVELOPMENT COUNCIL IS THE SOLE MEMBER OF GROW AMERICA FUND, INC.
FORM 990, PART VI, SECTION A, LINE 7ATHE NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT, INC D/B/A THE NATIONAL DEVELOPMENT COUNCIL AS THE SOLE MEMBER IT HAS THE RIGHT TO ELECT THE DIRECTORS OF THE CORPORATION.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 WAS PREPARED BY OUTSIDE TAX PREPARERS IN CONSULTATION WITH MANAGEMENT AND AUDITORS. A DRAFT OF THE FULL FORM 990 WAS PROVIDED TO 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 12CALL MEMBERS OF THE GROW AMERICA FUND, INC. ("GAF") BOARD OF DIRECTORS AND EXECUTIVE EMPLOYEES ARE REQUIRED TO ANNUALLY 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. THE CHAIRPERSON OF THE BOARD WILL UPON NOTIFICATION OF SUCH AN EVENT 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 CONFLICT OF INTEREST AND COMPENSATION GUIDELINES, ACKNOWLEDGE THAT THEY SHARE THE RESPONSIBILITY OF GAF TO REMAIN FAITHFUL TO THE ORGANIZATION'S CHARITABLE PURPOSES.
FORM 990, PART VI, SECTION C, LINE 19THE DOCUMENTS ARE AVAILABLE BY REQUEST.
FORM 990, PART XII, LINE 2C:THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
FORM 990, PART IX, LINES 7-9:THE AMOUNTS REPORTED ON LINES 7-9 RELATED TO EXPENSES PAID BY THE PARENT COMPANY (NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT EIN 13-6532871) AND ALLOCATED TO THE ORGANIZATION.
PART VI, 1B:ALL OF THE ORGANIZATION'S BOARD MEMBERS WORK FOR THE PARENT ORGANIZATION NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT. WHILE ONE IS INDEPENDENT THE INDEPENDENT BOARD OF DIRECTORS OF THE PARENT OVERSEES THE ORGANIZATION'S OPERATIONS AND ACTIONS.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
MAIN STREET PROPERTIES NEW YORK LLC
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004273923128REAL ESTATE HOLDING COMPANYNY$0$0GROW AMERICA FUND INC
MAIN STREET PROPERTIES CONNECTICUT LLC
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004433318761REAL ESTATE HOLDING COMPANYNY$0$0GROW AMERICA FUND INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACd
NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION-GROUP RETURN
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004911884698ECON DEV/ASSIST GOV/HOUSINGVA501(C)(3)LINE 10NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC0
NDC SUPPORT I INC
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004134156877SUPPORT NDCNY501(C)(3)LINE 12A, INATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC0
NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004112933129ECON DEV/ASSIST GOV/HOUSINGVA501(C)(3)LINE 10NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC0
KINGSBOROUGH HOUSING DEVELOPMENT FUND COMPANY INC
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004141734500HOUSINGNY501(C)(3)LINE 10NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC0
NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004136532871ASSIST GOVNY501(C)(3)LINE 100N/A
NDC GREEN RENEWABLE ENERGY ENTERPRISE NEXUS
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004273820841ECONOMIC DEVELOPMENTNY501(C)(3)LINE 10NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC0
NDC RESOURCES
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004460674188ECON DEV/HOUSING/ASSIST GOV'TDC501(C)(3)LINE 12A, INATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (12 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACd
NDC CORPORATE EQUITY FUND III
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004134071776LOW INCOME HOUSINGNYN/A
NDC CORPORATE EQUITY FUND IV
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004134151268LOW INCOME HOUSINGNYN/A
NDC CORPORATE EQUITY FUND V
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004134195127LOW INCOME HOUSINGNYN/A
NDC CORPORATE EQUITY FUND VI
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004050585420LOW INCOME HOUSINGNYN/A
NDC CORPORATE EQUITY FUND VII
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004203273264LOW INCOME HOUSINGNYN/A
NDC CORPORATE EQUITY FUND VIII
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004261481355LOW INCOME HOUSINGNYN/A
NDC CORPORATE EQUITY FUND IX
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004264226439LOW INCOME HOUSINGNYN/A
NDC CORPORATE EQUITY FUND X
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004454281155LOW INCOME HOUSINGNYN/A
NDC CORPORATE EQUITY FUND XI
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004462764258LOW INCOME HOUSINGNYN/A
NDC CORPORATE EQUITY FUND XII
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004473762588LOW INCOME HOUSINGNYN/A
NDC CORPORATE EQUITY FUND XIII
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004813113490LOW INCOME HOUSINGNYN/A
NDC CORPORATE EQUITY FUND XV
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004831506679LOW INCOME HOUSINGNYN/A

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
COMMUNITY DEVELOPMENT GROUP HOLT
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004201643188HOUSINGNYN/AC0
COMMUNITY DEVELOPMENT GROUP ILLINOIS INC
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004201644052ECONOMIC DEVELOPMENTNYN/AC0
COMMUNITY DEVELOPMENT GROUP KENTUCKY INC
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004133555220ECONOMIC DEVELOPMENTNYN/AC0
COMMUNITY DEVELOPMENT GROUP RENEWABLE ENERGY
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004262989445ECONOMIC DEVELOPMENTNYN/AC0
COMMUNITY DEVELOPMENT GROUP WALLA WALLA INC
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004133615889ECONOMIC DEVELOPMENTNYN/AC0
COMMUNITY DEVELOPMENT INVESTOR BROOKLYN
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004461534076ECONOMIC DEVELOPMENTNYN/AC0
HOUSING DEVELOPMENT GROUP III
ONE BATTERY PARK PLAZA SUITE 710NEW YORKNY10004203673695HOUSINGNYN/AC0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd