2025-11-07T14:33:46-06:00 2024-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2024-01-01 530196588 DAVIS MEMORIAL GOODWILL INDUSTRIES DAVI 2026364225 1140 3RD STREET NE 350 WASHINGTON DC 20002 CATHERINE A MELOY PRESIDENT & CEO 2026364225 2025-11-07 1 0 AARON M FOX P01365820 2022274000 2025-11-07 2024 2025-03-06 01:10:19Z GOODWILL OF GREATER WASHINGTON CATHERINE A MELOY 1140 3RD STREET NE 350 WASHINGTON DC 20002 99322232 0 X WWW.DCGOODWILL.ORG X 1935 DC SEE SCHEDULE O. PROVIDE FREE EDUCATION, JOB TRAINING, AND EMPLOYMENT SERVICES TO PEOPLE WITH DISADVANTAGES AND DISABILITIES. 16 15 1264 15 0 0 16587721 19319490 16523746 17124878 128084 176520 41834742 44668774 75074293 81289662 671666 0 0 0 42028605 48821408 0 0 1105722 26646140 30864497 69346411 79685905 5727882 1603757 78951988 99551568 48525464 77593352 30426524 21958216 X SEE SCHEDULE O.GOODWILL OF GREATER WASHINGTON'S MISSION IS TO TRANSFORM LIVES AND COMMUNITIES THROUGH THE POWER OF EDUCATION AND EMPLOYMENT. GOODWILL PROVIDES FREE JOB TRAINING AND EMPLOYMENT SERVICES TO PEOPLE WITH DISADVANTAGES, DISABILITIES OR OTHER BARRIERS TO EMPLOYMENT THROUGHOUT THE GREATER WASHINGTON, DC METROPOLITAN REGION. 0 0 59015081 DONATED GOODS: IN 2024, GOODWILL OF GREATER WASHINGTON OPERATED 22 RETAIL STORES, 21 DONATION CENTERS, AND TWO WAREHOUSES THAT ARE CENTRAL TO THE FULFILLMENT OF GOODWILL'S MISSION TO PROVIDE JOBS, JOB TRAINING, EDUCATION, AND EMPLOYMENT SERVICES FOR PEOPLE WITH DISADVANTAGES AND DISABILITIES. CONTINUED ON SCHEDULE O. IN 2024, MORE THAN $57.4 MILLION WORTH OF GENTLY USED CLOTHING, FURNITURE, AND OTHER HOUSEHOLD GOODS WERE SORTED, PRICED, AND SOLD IN GOODWILL'S 22 RETAIL LOCATIONS PLUS ONLINE, SAVING OUR CUSTOMERS HUNDREDS OF THOUSANDS OF DOLLARS ON QUALITY, LOW-COST GOODS, WHILE PROVIDING THE REVENUE NECESSARY TO FUND OUR CRITICAL JOB TRAINING, EDUCATION, AND EMPLOYMENT PROGRAMS AND SERVICES. IN 2024, MORE THAN 2.6 MILLION TRANSACTIONS WERE MADE IN OUR BRICK-AND-MORTAR STORES AND OVER 120,000 ONLINE. ADDITIONALLY, MORE THAN 1,050,590 GENEROUS DONATIONS WERE RECEIVED, KEEPING MORE THAN 48.3 MILLION POUNDS OF MATERIAL OUT OF AREA LANDFILLS. GOODWILL STORES ARE ALSO A SOURCE OF MISSION FULFILLMENT. WE DON'T JUST PROVIDE JOB TRAINING TO PEOPLE WITH BARRIERS TO EMPLOYMENT; WE ALSO EMPLOY THEM. MANY OF GOODWILL'S RETAIL AND DONATED GOODS TEAM MEMBERS HAVE OVERCOME SIGNIFICANT CHALLENGES AND OBSTACLES TO FIND SUCCESS IN THEIR WORK. 11490747 14368018 CONTRACTS: ONE OF GOODWILL OF GREATER WASHINGTON'S MOST SUCCESSFUL BUSINESS AND MISSION FULFILLMENT OPERATIONS IS ITS CONTRACT SERVICES DIVISION. IN 2024, UNDER THE ABILITY ONE PROGRAM AND COMMERCIAL CONTRACTS, GOODWILL EMPLOYED 207 PEOPLE IN ITS 9 FEDERAL CONTRACT SITES THROUGHOUT THE DC AREA CLEANING MORE THAN 3 MILLION SQUARE FEET AT BUILDINGS INCLUDING THE BUREAU OF ENGRAVING & PRINTING, THE NATIONAL GALLERY OF ART, SENATE OFFICE BUILDING, BOLLING AIR FORCE BASE, AND THE U.S. GEOLOGICAL SURVEY. CONTINUED ON SCHEDULE O. APPROXIMATELY 79% OF ALL THE LABOR HOURS PERFORMED ON THESE CONTRACTS ARE PERFORMED BY INDIVIDUALS WITH SIGNIFICANT DISABILITIES, AND THE AVERAGE HOURLY WAGE, WITH BENEFITS, FOR ALL CONTRACTS TEAM MEMBERS WAS $22.80/HOUR. GOODWILL PROVIDES CUSTODIAL, GROUNDS MAINTENANCE, AND GLASSWARE CLEANING SERVICES TO GOVERNMENT AND COMMERCIAL FACILITIES. GOODWILL OFFERS ITS TEAM MEMBERS HOPE, DIGNITY, AND A FUTURE FOR THEMSELVES AND THEIR FAMILIES. 2048111 2756860 WORKFORCE DEVELOPMENT: IN 2024, GOODWILL OF GREATER WASHINGTON'S MISSION IMPACT TEAM PROVIDED WORKFORCE DEVELOPMENT SERVICES TO 2,664 PEOPLE THROUGHOUT THE GREATER WASHINGTON, DC REGION. THESE CRITICAL SERVICES WERE FUNDED THROUGH THE REVENUE GENERATED BY GOODWILL'S CONTRACTS OPERATIONS, THE DONATIONS SOLD AT GOODWILL'S 22 AREA RETAIL STORES AND ONLINE, AND THROUGH THE GENEROUS FINANCIAL SUPPORT OF OUR INDIVIDUAL AND CORPORATE DONORS. CONTINUED ON SCHEDULE O. THE COMMUNITY DEMAND FOR WORKFORCE DEVELOPMENT SERVICES CONTINUES TO GROW AND EVOLVE DUE TO THE RECOGNITION OF GOODWILL'S SUCCESS IN TRAINING, EDUCATING, AND HIRING PEOPLE WHO HAVE BEEN MOST CHALLENGED IN FINDING EMPLOYMENT ON THEIR OWN. THE POPULATIONS GOODWILL SERVES ARE VERY DIVERSE AND FACE A VARIETY OF BARRIERS TO EMPLOYMENT. THEY MAY HAVE PHYSICAL, EMOTIONAL, DEVELOPMENTAL, OR OTHER DISABLING CONDITIONS; OR THEY MAY LACK AN EDUCATION OR ENGLISH PROFICIENCY. SOME OF THE PEOPLE GOODWILL SERVES ARE JUSTICE SYSTEM INVOLVED AND TRYING TO REBUILD THEIR LIVES. OTHERS, PARTICULARLY WOMEN, HAVE HAD DIFFICULTY IN KEEPING STEADY EMPLOYMENT DUE TO THE CHALLENGES OF CARING FOR DEPENDENTS. THE ONE CONSISTENT BARRIER FACED BY ALL THE PEOPLE WHO WALK THROUGH GOODWILL'S DOORS IS A LACK OF MARKETABLE JOB SKILLS. THAT'S WHY THE COMMUNITY IMPACT TEAM PROVIDES JOB COACHING, CAREER DEVELOPMENT, AND RETENTION SERVICES. THESE SERVICES HELP INDIVIDUALS WITH DISADVANTAGES AND DISABILITIES ENTER OR RE-ENTER THE WORKFORCE WITH CONFIDENCE AND DIGNITY, WHILE HELPING THEM GROW IN THEIR CAREERS. TO FURTHER ADDRESS THE NEEDS OF THE UNDERSERVED IN THE COMMUNITY, GOODWILL OF GREATER WASHINGTON OPENED THE GOODWILL EXCEL CENTER, PUBLIC CHARTER SCHOOL IN 2016. THE EXCEL CENTER IS WASHINGTON, DC'S FIRST ADULT CHARTER HIGH SCHOOL TO OFFER A HIGH SCHOOL DIPLOMA, RATHER THAN A GED, AS WELL AS INDUSTRY-RECOGNIZED CERTIFICATIONS TO DC RESIDENTS WHO HAVE NOT COMPLETED THEIR HIGH SCHOOL EDUCATION. WITH APPROXIMATELY 60,000 ADULT DC RESIDENTS LACKING A HIGH SCHOOL DIPLOMA OR THE EQUIVALENT, THE NEED IS GREAT. IN 2024 THE GOODWILL EXCEL CENTER ENROLLED 835 STUDENTS AND GRADUATED 115. GOODWILL'S PRIMARY GOAL AT THE SCHOOL, AS WELL AS WITH ALL WORKFORCE DEVELOPMENT PROGRAMS, IS TO MATCH THE SKILLS, INTERESTS, AND WORK PREFERENCES OF THE STUDENTS TO THE NEEDS OF LOCAL EMPLOYERS WHO OFFER SUSTAINABLE WAGES. THIS IS ACCOMPLISHED THROUGH AN INDIVIDUALIZED EDUCATIONAL AND/OR EMPLOYMENT PLAN, MOCK INTERVIEWS, CAREER ASSESSMENTS, INTERNSHIPS, WORK TRIALS, AND OTHER DISCOVERY STRATEGIES.GOODWILL OF GREATER WASHINGTON IS ALSO PLACING A GREATER EMPHASIS ON PROVIDING CAREER ENHANCEMENT AND SUPPORTIVE SERVICES TO ITS OWN TEAM MEMBERS MANY OF WHOM FACE SIMILAR BARRIERS TO THE POPULATIONS SERVED THROUGH GOODWILL'S JOB TRAINING PROGRAMS. GOODWILL'S RISE COACHING PROGRAM PROVIDES TEAM MEMBERS WITH ACCESS TO COMMUNITY SERVICES AND RESOURCES THAT CAN HELP THEM OVERCOME PERSONAL BARRIERS SUCH AS TRANSPORTATION, HOUSING, FINANCIAL MANAGEMENT OR CHILDCARE. IN 2024, 979 GOODWILL EMPLOYEES RECEIVED FREE LEARNING AND DEVELOPMENT SERVICES TO ASSIST THEM IN ACHIEVING THEIR PERSONAL AND PROFESSIONAL GOALS. ADDITIONALLY, THROUGH GOODWILL'S TRAC (THE RISE ACADEMY) CAREER DEVELOPMENT PROGRAM, GOODWILL PREPARES ITS TEAM MEMBERS FOR CAREER GROWTH AND ADVANCEMENT INSIDE OR OUTSIDE OF GOODWILL. LAST YEAR, 177 GOODWILL TEAM MEMBERS RECEIVED FREE CAREER TRAINING PROGRAMS AND SERVICES. 674779 61506592 EDUCATION PROGRAM 674779 61506592 73228718 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 71 0 1 1264 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD VA X X JEFF OLSON 2029376148 1140 3RD STREET NE 350 WASHINGTON DC 20002 KEVIN JACOBS CHAIR 1.00 X X 0 0 0 GHADA IJAM VICE CHAIR & TREASURER 1.00 X X 0 0 0 DANIEL KOTTER SECRETARY 1.00 X X 0 0 0 GLEN S HOWARD GOVERNANCE CHAIR 1.00 X X 0 0 0 MARY BRADY DIRECTOR AS OF 09/2024 1.00 X 0 0 0 RICK CRUZ DIRECTOR UNTIL 12/2024 1.00 X 0 0 0 JOHN GOODMAN DIRECTOR 1.00 X 0 0 0 THOMAS GRAHAM DIRECTOR 1.00 X 0 0 0 FREDERICK HUMPHRIES DIRECTOR 1.00 X 0 0 0 DEBBI JARVIS DIRECTOR 1.00 X 0 0 0 DONALD BLUE JENKINS DIRECTOR 1.00 X 0 0 0 SOLOMON KEENE DIRECTOR 1.00 X 0 0 0 EVELYN LEE DIRECTOR 1.00 X 0 0 0 JAMES MACGREGOR DIRECTOR 1.00 X 0 0 0 LISA MALLORY DIRECTOR 1.00 X 0 0 0 JOSH THOMAS DIRECTOR 1.00 X 0 0 0 CATHERINE A MELOY PRESIDENT & CEO 40.00 X X 582302 0 34104 JEFFREY ROSTAND CHIEF FINANCIAL OFFICER 40.00 X 256350 0 33714 COLLEEN PALETTA CHIEF INTEGRATION OFFICER 40.00 X 252613 0 11865 RICHARD J COLE CHIEF OF EXPANSION 32.00 8.00 X 221609 55402 22286 BRENDAN HURLEY CHIEF OF COLLAB., COMM., & MKTG. 40.00 X 251902 0 11865 ROSA PROCTOR CFO EMERITUS 40.00 X 227072 0 10603 JANECE KLEBEN CHIEF COMMUNITY IMPACT OFFICER 40.00 X 225185 0 8661 STEVEN GELFOUND VP, TECHNOLOGY & INFRASTRUCTURE 40.00 X 215235 0 2063 2232268 55402 135161 14 0 1 0 FEDERAL EXPRESS PO BOX 371461 PITTSBURGH PA 15250 SHIPPING SERVICES 983581 MELWOOD HORTICULTURAL TRAINING CENTER I 750 23RD STREET S ARLINGTON VA 22202 SUBCONTRACTING SERVICES 706642 RW MURRAY CO 10440 BALLS FORD ROAD 100 MANASSAS VA 20109 BUILDOUT SERVICES 597151 SOURCE AMERICA 8401 OLD COURTHOUSE ROAD VIENNA VA 22182 PROCUREMENT OF FEDERAL CONTRACTS 411983 ROSENBERG MEDIA 14413 AUTUMN BRANCH TERRACE BOYDS MD 20841 ADVERTISING SERVICES 286304 17 8923 100000 19210567 17269894 19319490 CONTRACT SERVICE INCOME 900099 14368018 14368018 SERVICE CONTRACTS 900099 2756860 2756860 17124878 302702 302702 1023910 1150092 -126182 -126182 -126182 61506592 16882478 44624114 44624114 MISCELLANEOUS 900099 44660 44660 44660 81289662 61748992 0 221180 1170949 844106 233947 92896 40120527 37508034 2265210 347283 330710 291865 27999 10846 4058648 3842028 180203 36417 3140574 2908839 204985 26750 37880 27103 10566 211 125260 125260 43430 43430 1777195 1451071 191985 134139 639660 134934 503105 1621 6200682 5872623 266833 61226 1345774 1205512 116129 24133 15155409 14297435 636981 220993 184990 159042 17312 8636 99328 27796 70431 1101 7538 2563 3694 1281 1650301 1363111 230277 56913 608481 539168 66024 3289 AUCTION FEES 1411321 1411321 OTHER EXPENSES 1074955 839874 157094 77987 SOURCEAMERICA COMM. 502293 502293 79685905 73228718 5351465 1105722 5583820 2827455 790943 2831375 114324 129892 2922819 4144111 922249 1288693 1631471 1790585 26966223 16834790 8117130 10131433 8841158 10107972 50028074 66300052 78951988 99551568 3873429 4118352 193499 511813 44458536 72963187 48525464 77593352 X 29662365 21601577 764159 356639 30426524 21958216 78951988 99551568 X 1603757 855838 -10927902 X 0 1 X 1 0 X 12377170 15072733 14938094 16587721 19319489 78295207 12377170 15072733 14938094 16587721 19319489 78295207 78295207 165537 142354 177373 226147 302702 1014113 8636 20495 490 30647 44660 104928 79414248 320003239 0.98590 0.98680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 8,636. 2021 AMOUNT: $ 20,495. 2022 AMOUNT: $ 490. 2023 AMOUNT: $ 30,647. 2024 AMOUNT: $ 44,660. 1218700 1218700 6962545 4616919 2345626 8560304 4437648 4122656 7903333 6101766 1801567 2321341 1678457 642884 10131433 OPERATING RIGHT-OF-USE ASSETS 65414175 DEPOSITS 737815 FINANCE RIGHT-OF-USE ASSETS 148062 66300052 OPERATING LEASE LIABILITY 71104512 DEFERRED COMPENSATION LIABILITY 1581498 FINANCE LEASE LIABILITY 162177 DEPOSITS 115000 72963187 X PART X, LINE 2: GOODWILL PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX EXEMPT STATUS. ASSETS AND LIABILITIES RECONCILIATION: TOTAL ASSETS INCREASED FROM APPROXIMATELY $93.6 MILLION IN 2023 TO $103.3 MILLION IN 2024. THE INCREASE IS PRIMARILY DUE TO RECOGNITION OF ADDITIONAL RIGHT-OF-USE LEASE ASSETS UNDER ASC 842, CAPITALIZED CONSTRUCTION COSTS RELATED TO THE GLEBE ROAD PROJECT, AND HIGHER CASH AND INVESTMENT BALANCES. THIS GROWTH WAS PARTIALLY OFFSET BY THE REMOVAL OF BEST KEPT BUILDINGS (BKB) ASSETS FOLLOWING INTERCOMPANY LOAN FORGIVENESS AND DECONSOLIDATION. X X X X X 0 0 0 0 0 0 0 1 0 CATHERINE A MELOY PRESIDENT & CEO 440610 0 123000 0 18692 0 22233 0 11871 0 616406 0 123000 0 RICHARD J COLE CHIEF OF EXPANSION 209209 52302 12400 3100 0 0 8560 2140 9269 2317 239438 59859 12400 3100 JEFFREY ROSTAND CHIEF FINANCIAL OFFICER 244150 0 12200 0 0 0 10529 0 23185 0 290064 0 12200 0 COLLEEN PALETTA CHIEF INTEGRATION OFFICER 241349 0 11264 0 0 0 9689 0 2176 0 264478 0 11264 0 BRENDAN HURLEY CHIEF OF COLLAB., COMM., & MKTG. 240638 0 11264 0 0 0 9689 0 2176 0 263767 0 11264 0 ROSA PROCTOR CFO EMERITUS 221672 0 5400 0 0 0 8535 0 2068 0 237675 0 5400 0 JANECE KLEBEN CHIEF COMMUNITY IMPACT OFFICER 215065 0 10120 0 0 0 8661 0 0 0 233846 0 10120 0 STEVEN GELFOUND VP, TECHNOLOGY & INFRASTRUCTURE 205115 0 10120 0 0 0 0 0 2063 0 217298 0 10120 0 PART I, LINE 7 IN ACCORDANCE WITH THE TERMS OF THE CHIEF EXECUTIVE OFFICER'S (CEO) EMPLOYMENT CONTRACT, THE CEO RECEIVED A BONUS FOR ACHIEVING CERTAIN ANNUAL ORGANIZATIONAL AND MISSION TARGETS AND A RETENTION BONUS. THESE PERFORMANCE MEASURES ARE APPROVED AND THEN MONITORED THROUGHOUT THE YEAR BY THE FULL BOARD OF DIRECTORS. IN ADDITION, BASED ON PERFORMANCE MEASURES, PROFESSIONAL STAFF RECEIVED A PERFORMANCE BONUS, AS SUBJECT TO BOARD OF DIRECTORS REVIEW AND APPROVAL. X 17248922 FMV X 1 20972 FMV 0 1 1 PART I, COLUMN (B): GGW REPORTS THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). PART I, LINE 32B: CLOTHING AND HOUSEHOLD GOODS DONATED TO THE ORGANIZATION ARE SOLD ON SHOPGOODWILL.COM AND MAY OCCASIONALLY SELL ON OTHER WEBSITES, AS DEEMED APPROPRIATE. ADDITIONALLY, AN OUTSIDE COMPANY SELLS DONATED VEHICLES ON BEHALF OF GOODWILL AND PROVIDES NET PROCEEDS AFTER DEDUCTING A COMMISSION. PART I, LINE 22 & PART XI, LINE 10 EXPLANATION OF CHANGE IN NET ASSETS: THE DECREASE IN NET ASSETS OF APPROXIMATELY $9.3 MILLION REPORTED ON THIS RETURN REFLECTS A NON-CASH ACCOUNTING ADJUSTMENT RELATED TO THE FORGIVENESS OF AN INTERCOMPANY LOAN FROM GOODWILL OF GREATER WASHINGTON (GGW) TO ITS AFFILIATED CORPORATION, BEST KEPT BUILDINGS (BKB). THIS LOAN FORGIVENESS REDUCED GGW'S STANDALONE NET ASSETS BUT HAD NO EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS OF GOODWILL OF GREATER WASHINGTON AND SUBSIDIARIES. THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2024 SHOW AN INCREASE IN NET ASSETS OF APPROXIMATELY $1.8 MILLION. THE VARIANCE BETWEEN THE AUDIT AND THIS RETURN IS SOLELY DUE TO THE NON-CASH, INTERCOMPANY TRANSACTION ELIMINATED IN CONSOLIDATION. FORM 990, PART VI, SECTION B, LINE 11B GOODWILL'S FEDERAL FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, CBIZ ADVISORS, LLC AND IS REVIEWED INTERNALLY BY SENIOR MANAGEMENT. IT IS THEN SUBMITTED BY THE PRESIDENT TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE GOODWILL OF GREATER WASHINGTON CONFLICT OF INTEREST POLICY APPLIES TO ALL THE GOODWILL DIRECTORS, OFFICERS, AND EMPLOYEES. BOARD MEMBERS ARE REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENTS ANNUALLY. ALL EMPLOYEES AND BOARD MEMBERS MUST AVOID EVEN THE APPEARANCE OF A POTENTIAL CONFLICT OF INTEREST. ANY CONFLICT OR POTENTIAL CONFLICT OF INTEREST IS TO BE REPORTED TO THE COMPLIANCE OFFICER. THESE DOCUMENTS ARE KEPT ON FILE BY THE CHIEF OF STAFF OR OTHER DESIGNEE. FORM 990, PART VI, SECTION B, LINE 15 WRITTEN COMPARISONS OF THE SENIOR MANAGEMENT COMPENSATION ARE MADE AGAINST FOR-PROFIT AND NON-PROFIT ORGANIZATIONS, INCLUDING OTHER SIMILAR SIZE GOODWILL ORGANIZATIONS. CEO'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS (PURSUANT TO AUTHORITY DELEGATED TO IT BY THE FULL BOARD) FOLLOWING, AMONG OTHER THINGS, THE BOARD'S COMPLETION OF A PERFORMANCE EVALUATION SURVEY. THE LAST COMPENSATION REVIEW WAS COMPLETED IN THE 4TH QUARTER OF 2023. BY BOARD DIRECTION, ALL GOODWILL ASSOCIATES, INCLUDING THE CEO, ARE PAID BETWEEN THE 75TH AND 125TH PERCENTILE FOR COMPARABLE POSITIONS IN BOTH FOR PROFIT (WHERE APPROPRIATE) AND NONPROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 GOODWILL MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST AVAILABLE TO THE PUBLIC UPON REQUEST. FURTHERMORE, THE FINANCIAL STATEMENTS AND FEDERAL FORM 990 ARE POSTED ON GOODWILL'S WEBSITE. FORM 990, PART XI, LINE 9: DEBT FORGIVENESS -10,927,902. PART XI, LINES 9 & 10 THE DECREASE IN NET ASSETS OF APPROXIMATELY $9.3 MILLION REPRESENTS A NON-CASH ACCOUNTING ADJUSTMENT PRIMARILY DRIVEN BY THE FORGIVENESS OF A $10.9 MILLION INTERCOMPANY LOAN FROM GOODWILL OF GREATER WASHINGTON (GGW) TO ITS RELATED CORPORATION, BEST KEPT BUILDINGS INC. (BKB). THE REMAINING DIFFERENCE REFLECTS NORMAL GAAP-TO-TAX BASIS TIMING ITEMS, SUCH AS ACCRUAL AND DEFERRED-COMPENSATION ADJUSTMENTS. THESE ITEMS WERE ELIMINATED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS, WHICH REPORTED AN OVERALL INCREASE IN NET ASSETS OF APPROXIMATELY $1.8 MILLION. GOODWILL AFFORDABLE HOUSING MISSION LLC 1140 3RD STREET NE SUITE 350 WASHINGTON DC 20002 LOW-INCOME HOUSING PROJECT OPERATION VA 0 0 DAVIS MEMORIAL GOODWILL INDUSTRIES THE GOOD PLANET INC 3700 KOPPERS STREET SUITE 200 BALTIMORE MD 21227 921197941 SUPPORT OF GOODWILL ORGANIZATIONS MD 501(C)(3) LINE 12A, I 0 BEST KEPT BUILDINGS INC 1140 3RD STREET NE SUITE 350 WASHINGTON DC 20002 200746642 JANITORIAL SERVICES DC DAVIS MEMORIAL GOODWILL INDUSTRIES C 2721992 118154 1.00000 1 1 1 0 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 BEST KEPT BUILDINGS INC A 396458 FMV BEST KEPT BUILDINGS INC L 13583653 FMV BEST KEPT BUILDINGS INC M 1452989 FMV BEST KEPT BUILDINGS INC O 57542 FMV BEST KEPT BUILDINGS INC D -10927902 COST