UNITED NATIONS DEVELOPMENT CORPORATION: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- UNITED NATIONS DEVELOPMENT CORPORATION (EIN 13-2626199)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-09-30
- IRS object ID
- 201922739349301472
- Schema version
- 2018v3.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-09-30T16:06:56-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 113518842 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARKS PANETH LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 685 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 132626199 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNITED NATIONS DEVELOPMENT CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIT | BusinessNameControlTxt |
| Phone | 2128881618 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TWO UN PLAZA 27TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100174403 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JORGE ORTIZ | PersonNm |
| Person Title | CONTROLLER/TREASURER | PersonTitleTxt |
| Phone | 2128881618 | PhoneNum |
| Signature | 2019-09-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ROBERT R LYONS CPA | PreparerPersonNm |
| PTIN | P00227472 | PTIN |
| Phone | 2125038800 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 69.74.165.34 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-09-24 | IPDt |
| IP Tm | 07:30:23 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 86324AA6648A884C06306129ED8808CB1BD1A3DC | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-01-14 16:20:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROBERT COLE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TWO UN PLAZA 27TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100174403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $48,291,254 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.UNDC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1968 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | THE CORPORATION WAS CREATED FOR THE PURPOSE OF PLANNING AND DEVELOPING FACILITIES FOR UNITED NATIONS-RELATED ACTIVITIES WITHIN A DEFINED "UNITED NATIONS DEVELOPMENT DISTRICT" ADJACENT TO THE UNITED NATIONS HEADQUARTERS IN NEW YORK CITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 11 | TotalEmployeeCnt |
| Total Volunteers | 14 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $20,741 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $44,479,548 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $47,365,582 | CYProgramServiceRevenueAmt |
| PY Investment Income | $477,420 | PYInvestmentIncomeAmt |
| CY Investment Income | $925,672 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $44,956,968 | PYTotalRevenueAmt |
| CY Total Revenue | $48,291,254 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,624,319 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,753,667 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $26,377,471 | PYOtherExpensesAmt |
| CY Other Expenses | $30,360,240 | CYOtherExpensesAmt |
| PY Total Expenses | $31,001,790 | PYTotalExpensesAmt |
| CY Total Expenses | $32,113,907 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $13,955,178 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $16,177,347 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $170,529,419 | TotalAssetsBOYAmt |
| Total Assets EOY | $178,958,094 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $82,424,577 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $74,454,861 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $88,104,842 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $104,503,233 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE UNITED NATIONS DEVELOPMENT CORPORATION IS (A) TO PROVIDE OFFICE AND OTHER FACILITIES THAT HELP MEET THE CURRENT AND FUTURE NEEDS OF THE UNITED NATIONS (U.N.), MISSIONS TO THE U.N. AND U.N.-RELATED PROGRAMS (TOGETHER, THE "U.N. COMMUNITY"), AND (B) OTHERWISE TO ASSIST THE U.N. COMMUNITY IN MEETING ITS CURRENT AND FUTURE REAL ESTATE NEEDS. TO ACCOMPLISH ITS MISSION AND HELP THE CITY AND STATE OF NEW YORK FULFILL THEIR RESPONSIBILITIES AS HOSTS TO THE U.N. COMMUNITY, THE CORPORATION DEVELOPS AND OPERATES OFFICE AND OTHER FACILITIES FOR THE BENEFIT OF THE U.N. COMMUNITY AND PROVIDES REAL ESTATE ADVICE, SERVICES AND STUDIES AT THE REQUEST OF THE U.N., CITY OR STATE OF NEW YORK, OR THE UNITED STATES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $29,857,124 | ExpenseAmt |
| Revenue | $47,365,582 | RevenueAmt |
| Desc | BUILDING OPERATIONS - PROVIDE NEEDED FACILITIES FOR THE U.N. COMMUNITY IN NEW YORK CITY. | Desc |
| Total Program Service Expenses | $29,857,124 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 28 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 11 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JORGE ORTIZ | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2128881618 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TWO UN PLAZA 27TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100174403 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| AMABEL B JAMES | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDY K SHENOY | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTINE FALVO | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID MACK | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GEORGE KLEIN | |||||||
| CHAIRMAN | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JAN BURMAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JESSICA HEALY | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOEL M SILVERMAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JONATHAN D FARKAS | |||||||
| DIRECTOR (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOSEPH RUTIGLIANO | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARIA TORRES-SPRINGER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARISA LAGO | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PENNY ABEYWARDENA | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT ABRAMS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SAMUEL NATAPOFF | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JORGE ORTIZ | |||||||
| VP/CONTROLLER/TREASURER | 40.00 | $159,842 | $0 | $64,952 | Yes (X) | ||
| KENNETH COOPERSMITH | |||||||
| VICE PRESIDENT | 40.00 | $173,459 | $0 | $62,098 | Yes (X) | ||
| MARIA LOIDA DIAZ DE JESUS | |||||||
| VICE PRESIDENT | 40.00 | $103,763 | $0 | $47,644 | Yes (X) | ||
| ROBERT B COLE | |||||||
| EXECUTIVE VP/GEN. COUNSEL | 40.00 | $224,834 | $0 | $84,018 | Yes (X) | ||
| TERESA TANG | |||||||
| SENIOR AUDITOR | 40.00 | $100,832 | $0 | $43,828 | Yes (X) | ||
| HUI-CHEN LIU | |||||||
| DEPUTY CONTROLLER | 40.00 | $100,650 | $0 | $57,768 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $863,380 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $360,308 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SAFWAY ATLANTIC LLC | |||||
| 700 COMMERCIAL AVENUE | CARLSTADT | NJ | 07072 | FACADE MAINT. SYS. | $1,079,384 |
| RELATED SERVICES LLC | |||||
| 185 WILLIS AVENUE | MINEOLA | NY | 11501 | FACADE MAINT. SYS. | $706,248 |
| MCLAUGHLIN & STERN LLP | |||||
| 260 MADISON AVE | NEW YORK | NY | 10016 | LEGAL SERVICES | $198,230 |
| POWERCOM ASSOCIATES LLC | |||||
| 2511 NW 16TH LANE STE 8 | POMPANO BEACH | FL | 33064 | ELECTRICAL SERV. | $121,407 |
| SPACESMITH LLP | |||||
| 315 HUDSON ST FL 9 | NEW YORK | NY | 10013 | ARCHITECTURAL SERV. | $104,717 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 19 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BUILDING RENTAL | Desc |
| Business | 532000 | BusinessCd |
| Total Revenue Column | $47,365,582 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $47,365,582 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $47,365,582 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $925,672 | TotalRevenueColumnAmt |
| Exclusion | $925,672 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $48,291,254 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $47,365,582 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $925,672 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $932,576 | TotalAmt |
| Management And General | $932,576 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $501,630 | TotalAmt |
| Management And General | $501,630 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $87,054 | TotalAmt |
| Management And General | $87,054 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,379 | TotalAmt |
| Management And General | $156,379 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,028 | TotalAmt |
| Management And General | $76,028 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $147,600 | TotalAmt |
| Program Services | $147,600 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,857 | TotalAmt |
| Management And General | $63,857 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,159,962 | TotalAmt |
| Program Services | $3,082,334 | ProgramServicesAmt |
| Management And General | $77,628 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,896 | TotalAmt |
| Management And General | $89,896 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,805,176 | TotalAmt |
| Program Services | $10,805,176 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,701,406 | TotalAmt |
| Program Services | $2,701,406 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,637,429 | TotalAmt |
| Program Services | $6,637,429 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $731,561 | TotalAmt |
| Program Services | $553,510 | ProgramServicesAmt |
| Management And General | $178,051 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| CONTRACT SECURITY | $2,986,472 | $2,986,472 | |
| REPAIRS AND MAINTENANCE | $2,335,330 | $2,335,330 | |
| MISCELLANEOUS | $607,867 | $607,867 | |
| OTHER | $93,684 | $93,684 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,113,907 | TotalAmt |
| Program Services | $29,857,124 | ProgramServicesAmt |
| Management And General | $2,256,783 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $700 | BOYAmt |
| EOY | $700 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,685,668 | BOYAmt |
| EOY | $19,714,275 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,696,398 | BOYAmt |
| EOY | $6,272,215 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,349,302 | BOYAmt |
| EOY | $4,992,156 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $179,275,485 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $120,581,217 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,218,942 | BOYAmt |
| EOY | $58,694,268 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,052,837 | BOYAmt |
| EOY | $61,531,700 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,525,572 | BOYAmt |
| EOY | $27,752,780 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,529,419 | BOYAmt |
| EOY | $178,958,094 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,203,652 | BOYAmt |
| EOY | $6,592,248 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,162,031 | BOYAmt |
| EOY | $1,034,265 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,150,324 | BOYAmt |
| EOY | $66,302,318 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $908,570 | BOYAmt |
| EOY | $526,030 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,424,577 | BOYAmt |
| EOY | $74,454,861 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,604,737 | BOYAmt |
| EOY | $86,850,553 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,500,105 | BOYAmt |
| EOY | $17,652,680 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,104,842 | BOYAmt |
| EOY | $104,503,233 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,529,419 | BOYAmt |
| EOY | $178,958,094 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $16,177,347 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $242,785 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$21,741 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Governmental Unit | Yes (X) | GovernmentalUnitInd |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $173,928,679 | OtherCostOrOtherBasisAmt |
| Depreciation | $117,858,849 | DepreciationAmt |
| Book Value | $56,069,830 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,523,209 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,122,687 | DepreciationAmt |
| Book Value | $400,522 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,823,597 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,599,681 | DepreciationAmt |
| Book Value | $2,223,916 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $58,694,268 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET INVESTMENT IN CAPITAL LEASE | Desc |
| Book Value | $27,752,780 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $27,752,780 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| LONG TERM LIABILITIES | $478,173 |
| SECURITY DEPOSITS | $47,857 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $526,030 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $48,534,039 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $242,785 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $242,785 | RevenueNotReportedAmt |
| Revenue Subtotal | $48,291,254 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $48,291,254 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $32,135,648 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $21,741 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $21,741 | ExpensesNotReportedAmt |
| Expenses Subtotal | $32,113,907 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $32,113,907 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART XII, LINE 2D - OTHER ADJUSTMENTS: | FormAndLineReferenceDesc |
| Explanation | NON DEDUCTIBLE TRANSPORTATION BENEFITS 21,741. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JORGE ORTIZ | ||||||||||||||
| VP/CONTROLLER/TREASURER | $149,756 | $0 | $0 | $0 | $10,086 | $0 | $38,316 | $0 | $26,636 | $0 | $224,794 | $0 | $0 | $0 |
| KENNETH COOPERSMITH | ||||||||||||||
| VICE PRESIDENT | $156,892 | $0 | $0 | $0 | $16,567 | $0 | $35,399 | $0 | $26,699 | $0 | $235,557 | $0 | $0 | $0 |
| MARIA LOIDA DIAZ DE JESUS | ||||||||||||||
| VICE PRESIDENT | $103,448 | $0 | $0 | $0 | $315 | $0 | $21,703 | $0 | $25,941 | $0 | $151,407 | $0 | $0 | $0 |
| ROBERT B COLE | ||||||||||||||
| EXECUTIVE VP/GEN. COUNSEL | $212,316 | $0 | $0 | $0 | $12,518 | $0 | $46,550 | $0 | $37,468 | $0 | $308,852 | $0 | $0 | $0 |
| HUI-CHEN LIU | ||||||||||||||
| DEPUTY CONTROLLER | $90,147 | $0 | $0 | $0 | $10,503 | $0 | $21,367 | $0 | $36,401 | $0 | $158,418 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, COLUMN (III) | FormAndLineReferenceDesc |
| Explanation | AMOUNT IN THIS COLUMN REPRESENTS EMPLOYEE CONTRIBUTIONS TO 457(B) RETIREMENT PLAN AND GROUP TERM LIFE INSURANCE. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNITED NATIONS DEVELOPMENT CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 132626199 | BondIssuerEIN |
| CUSIP | 911157KN4 | CUSIPNum |
| Bond Issued | 2009-10-23 | BondIssuedDt |
| Issue Price | $111,475,000 | IssuePriceAmt |
| Purpose | REFUNDING BONDS | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $116,972,093 | TotalProceedsAmt |
| In Reserve Fund | $9,585,238 | InReserveFundAmt |
| Issuance Costs From Proceeds | $1,919,426 | IssuanceCostsFromProceedsAmt |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | DATE REBATE COMPUTATION PERFORMED | FormAndLineReferenceDesc |
| Explanation | ISSUER NAME: UNITED NATIONS DEVELOPMENT CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 10/28/2014 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND PROVIDED TO MANAGEMENT. MANAGEMENT SUBMITS THE FORM 990 IN DRAFT FORM TO THE AUDIT COMMITTEE FOR REVIEW AND DISCUSSION AT AN AUDIT COMMITTEE MEETING. WHEN APPROVED BY THE AUDIT COMMITTEE, THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW ALONG WITH A RECOMMENDATION FROM THE AUDIT COMMITTEE FOR APPROVAL OF THE FORM 990 FOR FILING. AT A BOARD MEETING, THE BOARD OF DIRECTORS CONSIDERS THE FORM 990 AND APPROVES IT FOR FILING OR TAKES OTHER ACTION. |
| FORM 990, PART VI, SECTION B, LINE 12C | EMPLOYEES ARE SUBJECT TO THE CORPORATION'S CODE OF ETHICAL CONDUCT. COMPLIANCE WITH THE CODE IS MONITORED AND ENFORCED BY MANAGEMENT. BOARD MEMBERS ARE SUBJECT TO THE CORPORATION'S CODE OF ETHICS FOR DIRECTORS AND THE CORPORATION'S CORPORATE GOVERNANCE GUIDELINES, BOTH OF WHICH REQUIRE THEM TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST AND TO RECUSE THEMSELVES FROM ANY DECISION RELATING TO ANY SUCH CONFLICT. IN ADDITION, BOARD MEMBERS ARE REQUIRED TO ANSWER QUESTIONS REGARDING COMPLIANCE WITH THE CORPORATION'S CODE OF ETHICS IN THE FORM OF AN ANNUAL STATEMENT REGARDING CONFLICTS OF INTEREST. BOARD MEMBERS ARE REQUIRED TO PARTICIPATE IN NEW YORK STATE APPROVED CORPORATE GOVERNANCE TRAINING WITHIN ONE YEAR OF APPOINTMENT TO THE BOARD. BOARD MEMBERS, AND OFFICERS AND EMPLOYEES WHOSE ANNUAL RATE OF COMPENSATION IS IN EXCESS OF A PREDETERMINED THRESHOLD, ARE REQUIRED TO FILE ANNUAL FINANCIAL DISCLOSURE STATEMENTS WITH THE STATE OF NEW YORK AND TO PARTICIPATE IN A STATE-MANDATED ETHICS TRAINING PROGRAM. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT/CEO IS APPOINTED BY THE CHAIRMAN OF THE BOARD OF DIRECTORS IN CONSULTATION WITH THE MAYOR OF THE CITY OF NEW YORK. THE PRESIDENT/CEO'S COMPENSATION IS SET FORTH IN HIS EMPLOYMENT CONTRACT WHICH IS REVIEWED AND APPROVED BY THE CORPORATION'S GOVERNANCE AND COMPENSATION COMMITTEE. THE OFFICERS OTHER THAN THE PRESIDENT/CEO ARE ELECTED ANNUALLY BY RESOLUTION OF THE BOARD, AND THEIR COMPENSATION AND BENEFITS ARE DETERMINED BY THE GOVERNANCE AND COMPENSATION COMMITTEE. THE GOVERNANCE AND COMPENSATION COMMITTEE ANNUALLY REVIEWS THE CORPORATION'S COMPENSATION PROGRAM INCLUDING DATA RELATING TO COMPENSATION OF SENIOR MANAGEMENT AT COMPARABLE NEW YORK STATE GOVERNMENTAL ENTITIES. MINUTES ARE KEPT OF ALL MEETINGS OF THE GOVERNANCE AND COMPENSATION COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE CORPORATION WILL PROVIDE COPIES OF ITS FORM 990 TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | AS REQUIRED BY NEW YORK STATE LAW, THE CORPORATION MAKES CERTAIN DOCUMENTS, INCLUDING ITS CORPORATE GOVERNANCE GUIDELINES, AUDITED FINANCIAL STATEMENTS AND CODE OF ETHICAL CONDUCT FOR EMPLOYEES (INCLUDING PROVISIONS ON CONFLICTS OF INTEREST), AVAILABLE TO THE PUBLIC BY POSTING THEM ON ITS WEBSITE. |
| FORM 990, PART XI, LINE 9: | NON-DEDUCTIBLE TRANSPORTATION BENEFITS -21,741. |
| PART XII, LINE 2C: | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |