2018-11-09T14:24:08-06:00 2017-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2017-01-01 911884698 NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN NDCH 2126821106 ONE BATTERY PARK PLAZA NO 710 NEW YORK NY 10004 DANIEL MARSH III PRESIDENT 2126821106 2018-11-09 1 THOMAS LANNING P00851654 2122970400 2018-11-09 209.3.217.20 2018-11-09 11:33:01 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 76369ED6AA69758ED31A87E47CAE96FECFB4229C 2017 2019-02-21 02:37:17Z DANIEL MARSH III ONE BATTERY PARK PLAZA NO 710 NEW YORK NY 10004 93648784 1 1 9219 X WWW.NDCONLINE.ORG X 1988 VA NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION'S MISSION IS TO CREATE (CONT. ON SCHEDULE O) QUALITY AFFORDABLE HOUSING FOR THE DISADVANTAGED, TO STIMULATE ECONOMIC DEVELOPMENT AND CREATE JOBS IN LOW INCOME AREAS AND TO ERECT PUBLIC BUILDINGS TO LESSEN THE BURDENS OF GOVERNMENT AND PROMOTE SOCIAL WELFARE. 19 7 0 6 0 0 3072463 558772 92540247 76922743 -3875245 4107682 5726504 10162747 97463969 91751944 1823339 2185000 0 0 0 0 0 0 0 95695046 88937002 97518385 91122002 -54416 629942 1089149724 1023650757 1040947094 971860779 48202630 51789978 X NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE FOLLOWING CHARITABLE PURPOSES: TO CONSTRUCT NEW AND SUPPORT EXISTING SAFE AND ADEQUATE LOW-INCOME HOUSING FOR DISADVANTAGED PERSONS; THEREBY ASSISTING GENERALLY IN THE ALLEVIATION (CONT. ON SCHEDULE O) OF HOUSING SHORTAGES THROUGHOUT THE UNITED STATES; TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OF THE COUNTRY; AND TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS OR FACILITIES; TO LESSEN THE BURDENS OF GOVERNMENT; AND TO PROMOTE SOCIAL WELFARE. 0 0 85630725 2185000 80560945 TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS, FACILITIES, OR WORKS TO LESSEN THE BURDENS OF GOVERNMENT AND TO PROMOTE SOCIAL WELFARE. IN TOTAL, HEDC HAS DEVELOPED AND FINANCED MORE THAN THIRTY-ONE PROPERTIES COSTING MORE THAN $2.1 BILLION ON BEHALF OF LOCAL GOVERNMENTS INCLUDING PUBLIC BUILDINGS AND CITY HALLS, EDUCATIONAL AND MEDICAL RESEARCH FACILITIES, STUDENT HOUSING, PARKING FACILITIES AND OTHER PUBLIC INFRASTRUCTURE. DURING 2017, HEDC UNDERTOOK THE FOLLOWING PROJECTS UNDER THE MISSION OF LESSENING THE BURDENS OF GOVERNMENT. (CONT. ON SCHEDULE O) WASHINGTON BIOMEDICAL RESEARCH PROPERTIES SEATTLE, WA IN 2004 UNIVERSITY OF WASHINGTON SCHOOL OF MEDICINE BEGAN RENOVATING THEIR EXISTING BROTMAN BUILDING INTO A STATE-OF-THE-ART BIOMEDICAL RESEARCH FACILITY. THE UNIVERSITY WAS CHALLENGED TO DELIVER THE PROJECT IN A TIMELY AND EFFICIENT MANNER AND ASKED HEDC TO ASSIST BY UNDERTAKING THE MULTI-PHASE PROJECT ON THEIR BEHALF. THE THIRD PHASE IN UW MEDICINE'S SOUTH LAKE UNION CAMPUS CONSISTS OF THREE PHASES. PHASE 3.1 BROKE GROUND IN SUMMER 2011 AND WAS COMPLETED IN 2013. IT INCLUDED THE CONSTRUCTION OF A 138,000 SQUARE-FOOT RESEARCH LABORATORY BUILDING DIRECTLY ACROSS THE STREET FROM THE FIRST AND SECOND PHASES OF THE SOUTH LAKE UNION CAMPUS. THE NEXT PHASE OF THE PROJECT IS WASHINGTON BIOMEDICAL RESEARCH PROPERTIES 3.2 (WBRP 3.2) IS AN EIGHT-STORY, APPROXIMATELY 157,000 SF BIOMEDICAL FACILITY THAT HAS BEEN CONSTRUCTED OVER THE FOUNDATION AND PARKING FROM WBRF 3. THE FINANCING FOR PHASE 3.2 CLOSED IN 2015 AND THE PROJECT COMPLETED IN EARLY 2018. THE PHASES I, II, AND III PROVIDE OVER 800,000 GSF OF RESEARCH AND OFFICE SPACE IN SUPPORT OF SCHOOL OF MEDICINE RESEARCH PROGRAMS.COMMUNITY DEVELOPMENT PROPERTIES SCRANTON- SCRANTON, PAIN 2016 HEDC WORKING WITH THE CITY OF SCRANTON SUCCESSFULLY NEGOTIATED A LONG-TERM CONCESSION/LEASE FOR THE CITY OF SCRANTON PARKING SYSTEM, WHICH INCLUDED: 1) FIVE PARKING GARAGES CONTAINING 2659 SPACES AND APPROXIMATELY 36,000 SF OF RETAIL; 2)1479 METERED PARKING SPACES; AND 3) 550 PUBLICALLY-LEASED PARKING SPACES. HEDC ASSUMED RESPONSIBILITY FOR THE LEASE, OPERATION, MAINTENANCE AND CAPITAL REPAIR OF THE ENTIRETY OF THE PUBLIC PARKING SYSTEM FOR FORTY YEARS THROUGH ONE OF ITS' SUBSIDIARY CORPORATIONS CDP SCRANTON (CDPS). THE CONSIDERATION AMOUNT GENERATED BY A CONCESSIONAIRE/LEASE AGREEMENT WAS USED BY THE CITY, IN COMBINATION WITH PROCEEDS FROM A GENERAL OBLIGATION ISSUANCE, REDEEM ALL OUTSTANDING DEBT ASSOCIATED WITH THE PARKING AUTHORITY. THIS ALLOWED THE CITY TO BE FREE OF THE ON-GOING LIABILITY AND HAS FREED UP MUNICIPAL REVENUES FOR OTHER CRITICAL NEEDS AND OBLIGATIONS. IN 2017 CDPS CONTINUED ITS WORK WITH THE CITY TO UPGRADE THE GARAGES WITH ENHANCED LIGHTING AND TO IDENTIFY A NEW ON STREET PARKING SYSTEM. THESE EFFORTS WILL PROVE TO FURTHER THE CITY'S PLAN TO CONTINUE THE REVITALIZATION OF DOWNTOWN SCRANTON. 4058769 3797936 TO INITIATE AND CARRY OUT ACTIVITIES TO STIMULATE ECONOMIC DEVELOPMENT IN THE ECONOMICALLY DEPRESSED AREAS OF THE US. IN PARTICULAR, TO UNDERTAKE ACTIVITIES THAT:- RELIEVE POVERTY AND LESSEN NEIGHBORHOOD TENSION CAUSED BY A LACK OF JOBS IN DETERIORATED AND DEPRESSED AREAS BY PROVIDING TRAINING OPPORTUNITIES FOR THE UNEMPLOYED AND CREATING JOB OPPORTUNITIES FOR DISADVANTAGED GROUPS.- COMBAT COMMUNITY DETERIORATION AND ELIMINATE BLIGHT BY UNDERTAKING ACTIVITIES THAT STIMULATE THE ESTABLISHMENT OF NEW BUSINESSES AMONG DISADVANTAGED GROUPS AND WHICH REHABILITATE AND (CONT. ON SCHEDULE O) REVIVE EXISTING BUSINESSES OPERATED BY DISADVANTAGED GROUPS.HEDC WORKS WITH NONPROFIT ORGANIZATIONS AND SERVICE PROVIDERS AND UNITS OF LOCAL GOVERNMENT TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED NEIGHBORHOODS ACROSS THE NATION. WORKING THROUGH THE NEW MARKETS TAX CREDIT PROGRAM AND WITH OTHER FINANCING, HEDC CREATES EMPLOYMENT AND ENTREPRENEURIAL OPPORTUNITIES FOR DISADVANTAGED GROUPS AND INDIVIDUALS, COMBATS COMMUNITY DETERIORATION, AND ELIMINATES SLUM AND BLIGHT THROUGH NEW INVESTMENT IN LOW INCOME COMMUNITIES TO REHABILITATE AND REVITALIZE NEIGHBORHOODS. UNDER THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM, HEDC HAS SPONSORED 86 PROJECTS TOTALING OVER $1.7 BILLION OF NEW INVESTMENT, CREATED OVER 8,600 PERMANENT JOBS FOR DISADVANTAGED INDIVIDUALS, AND BROUGHT BADLY NEEDED GOOD AND SERVICES TO LOW INCOME COMMUNITIES. HEDC PROVIDED ASSISTANCE AND TO THE FOLLOWING PROJECTS THAT RECEIVED FINANCING UNDER THE NMTC PROGRAM IN 2017: BREAKTHROUGH CHARTER SCHOOLS CITIZENS LEADERSHIP ACADEMY EAST CLEVELAND, OH CITIZENS LEADERSHIP ACADEMY EAST (CLAE) THE 13TH SCHOOL IN THE BREAKTHROUGH NETWORK, WILL SEE AN INITIAL ENROLLMENT OF 75 CHILDREN IN THE 6TH GRADE. GRADES 7 AND 8 WILL BE ADDED IN FY19 AND 20, RESPECTIVELY. UPON FULL ENROLLMENT, THE SCHOOL WILL SERVE 305 CHILDREN ANNUALLY. THE PROJECT WILL CREATE 80 CONSTRUCTION FTES AND ONCE COMPLETED, 39 FTES INCLUDING 31 TEACHING POSITIONS AND 8 ADMINISTRATIVE POSITIONS. IT WILL ALLOW YOUTH ATTENDING THE ASSOCIATED ELEMENTARY SCHOOL NEXT DOOR TO CONTINUE THEIR EDUCATION AT THE SAME LOCATION AMONGST THE SAME CLASSMATES.PARAMOUNT SQUARE COMMISSARY CINCINNATI, OH PARAMOUNT SQUARE COMMISSARY A LEED CERTIFIED REVITALIZATION OF THE PEEBLES CORNER HISTORIC DISTRICT IN WALNUT HILLS. THE PROJECT WILL PRESERVE AND REVITALIZE EIGHT BUILDINGS - SIX OF WHICH ARE HISTORIC - AT THE PRIMARY INTERSECTION OF THE COMMUNITY BUSINESS DISTRICT. THIS PHASE IS THE FULL REHABILITATION OF 20,313 COMMERCIAL SQUARE FEET TO BE USED FOR FRESH FOOD ACCESS AND FOOD PRODUCTION. A FAST GROWING LOCAL RESTAURANT GROUP IS ITS SOLE TENANT. THEY ARE LOCATING THEIR FULL BACK-OF-HOUSE OPERATION IN THIS SPACE, INCLUDING A COMMISSARY, PREP KITCHEN, TEST KITCHEN, WAREHOUSE, DISTRIBUTION, CORPORATE OFFICE AND A NEIGHBORHOOD-SERVING CAFE. THE PROJECT CREATED 40 CONSTRUCTION FTES AND 20 PERMANENT FTES. IT IS SERVING TO GENERATE FOOT TRAFFIC IN AN UNDERUTILIZED HISTORIC RETAIL DISTRICT AND INTRODUCING NEW GOODS AND SERVICES TO THIS LOW INCOME COMMUNITY. BINGHAMPTON GATEWAY CENTER MEMPHIS, TN BINGHAMPTON GATEWAY CENTER A 48,000 SF COMMERCIAL CENTER IS BEING DEVELOPED BY THE BINGHAMPTON DEVELOPMENT CORPORATION (BDC) TO INCREASE ACCESS TO GOODS AND SERVICES IN THIS USDA QUALIFIED FOOD DESERT. THE PROJECT CONSISTS OF THE DEVELOPMENT AND LEASING OF RETAIL SPACE TO TWO ANCHOR TENANTS AND TO 6-7 SMALLER STOREFRONT RETAILERS. THE PROJECT WILL INCREASE ACCESS TO RETAIL GOODS AND SERVICES IN THIS LOW INCOME COMMUNITY AND IMPROVE THE QUALITY OF LIFE IN THIS INNER-CITY NEIGHBORHOOD OF BINGHAMPTON. THE PROJECT WILL CREATE 70 CONSTRUCTION FTES AND 55 PERMANENT FTE JOBS. CONSTRUCTION TRAINING VIA BDC PROGRAMMING HAS BEEN OFFERED AND LEADERSHIP AND MANAGEMENT TRAINING PROGRAMS ARE BEING MADE AVAILABLE FOR ANCHOR TENANTS'EMPLOYEES.CAPITAL ACCESS FUND THE CAPITAL ACCESS FUND (CAF) IS A STRATEGIC ALLIANCE OF NDC CILF AND THE NATIONAL URBAN LEAGUE TO CREATE ACCESS TO CAPITAL FOR MINORITY COMMUNITIES WHO FACE BARRIERS TO ECONOMIC OPPORTUNITY AND PARTICIPATION IN THE AMERICAN ECONOMY. BUILT UPON A BASE OF FLEXIBLE PATIENT CAPITAL WITH AFFORDABLE INTEREST RATES AND SOUND TECHNICAL ASSISTANCE AND BUSINESS SUPPORT SERVICES, CAF NURTURES MINORITY BUSINESSES INTO SUCCESSFUL BUSINESSES. MANY STUDIES HAVE DOCUMENTED THAT MINORITY OWNED SMALL BUSINESSES EXPERIENCE HIGHER LOAN DENIAL RATES AND PAY HIGHER INTEREST RATES THAN WHITE-OWNED BUSINESSES EVEN AFTER CONTROLLING FOR DIFFERENCES IN CREDITWORTHINESS. BECAUSE OF THESE DENIAL RATES, MINORITY OWNED BUSINESS MUST RELY MORE UPON OWNER'S EQUITY AND LESS ON BANK DEBT. YET, THESE MINORITY BUSINESSES HAVE LESS EQUITY BECAUSE THEIR WEALTH BASE IS SMALLER. AS A RESULT, MINORITY SMALL BUSINESSES LAUNCH WITH LESS TOTAL CAPITALIZATION THAN CONVENTIONAL BUSINESSES. WITH INADEQUATE CAPITALIZATION, THESE BUSINESSES SUFFER A HIGHER FAILURE RATE THAN WHITE-OWNED BUSINESSES. IN 2017, CILF HEDC'S CERTIFIED CDFI, PROVIDED TEN LOANS TOTALING $1,126,460 TO SMALL MINORITY ENTREPRENEURS AS PART OF THE CAPITAL ACCESS FUND OF GREATER CLEVELAND (CAFGC). THE CAPITAL ACCESS FUND OF BROWARD COUNTY FLORIDA (CAFFL) WAS LAUNCHED IN NOVEMBER 2017. EIGHT LOANS TOTALING $550,000 HAVE CLOSED AS OF 2018 Q3. BCMB ENTERPRISE INC. DBA A BETTER WAY HOME CARE (ABW), WAS LAUNCHED IN 2015. THE COMPANY PROVIDES CARE AND LOVE TO THE ELDERLY AND THOSE WITH DISABILITIES, HELPING THEM LIVE A HEALTHIER, HAPPIER, AND LONGER LIFE AT HOME WHILE REDUCING THE STRESS ON THE FAMILY. WHEN THE OWNERS ORIGINALLY SET OUT TO START THE BUSINESS, THEIR GOAL WAS TO BECOME A MEDICARE LICENSED HOME HEALTH CARE PROVIDER. AFTER INCURRING SIGNIFICANT COSTS AND TAKING ON THE PRO-BONO CLIENTS THEY NEEDED IN ORDER TO BECOME A CERTIFIED MEDICARE PROVIDER, IN AUGUST 2016, THE FEDERAL GOVERNMENT INSTITUTED A MORATORIUM ON THE STATE OF FLORIDA, PREVENTING LICENSURE OF ANY NEW MEDICARE HOME HEALTH AGENCIES. AS A RESULT, THE COMPANY HAD TO REBUILD THEIR CLIENT LIST FROM SCRATCH. ABW'S BUSINESS CONTINUED TO GROW AND IN 2017 THEY WERE FACED WITH THE NEED FOR AFFORDABLE LOW COST WORKING CAPITAL TO SUPPORT CASH FLOW DUE TO THE INCREASED DEMAND FOR THEIR SERVICES. CAF APPROVED A $125,000 LOW INTEREST RATE LOAN TO PROVIDE THE COMPANY WITH PERMANENT WORKING CAPITAL TO SUSTAIN THEIR GROWTH. CAF'S LOAN ALLOWED ABW TO CREATE 2 NEW PERMANENT JOBS AND RETAIN 5 EXISTING JOBS. 89950 110532 TO CONSTRUCT NEW LOW INCOME HOUSING AND TO DEVELOP, MANAGE, OPERATE, PROMOTE, FUND, AND SUPPORT EXISTING LOW INCOME HOUSING FOR PERSONS OF LIMITED FINANCIAL MEANS, HANDICAPPED PERSONS, ELDERLY PERSONS, AND OTHER PERSONS IN NEED OF SAFE ADEQUATE AFFORDABLE HOUSING AND TO ASSIST GENERALLY IN THE ALLEVIATION OF HOUSING SHORTAGES THROUGHOUT THE US. HEDC IS A NATIONAL LEADER IN LOW INCOME HOUSING THROUGH BOTH DEVELOPMENT AND INVESTMENT. WORKING IN PARTNERSHIP WITH NONPROFIT ORGANIZATIONS AND SERVICE PROVIDERS AROUND THE NATION, HEDC HAS DEVELOPED, FINANCED, OPERATED, AND/OR MANAGED OVER 10,000 UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE LOW INCOME HOUSING TOTALING $1.6 BILLION OF INVESTMENT IN LOW INCOME (CONT. ON SCHEDULE O) COMMUNITIES IN 30 STATES ACROSS THE NATION. IN 2017 THROUGH OUR LOW INCOME HOUSING DEVELOPMENT AND INVESTMENT ACTIVITIES, HEDC CONSTRUCTED OR RENOVATED 871 UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE HOUSING FOR LOW INCOME PERSONS AND FAMILIES, THE ELDERLY, AND PEOPLE WITH SPECIAL NEEDS. INVESTMENT AND DEVELOPMENT ACTIVITIES TOTALED $161 MILLION. THE FOLLOWING IS A SAMPLING OF HEDC AFFORDABLE HOUSING PROJECTS COMPLETED IN 2017:MACK ASHLAND II DETROIT, MITHIS NEW CONSTRUCTION SCATTERED SITE FAMILY RENTAL PROJECT LOCATED IN NORTHEAST DETROIT PROVIDES 28 TOWNHOME UNITS, EIGHT OF WHICH ARE SET ASIDE AS PERMANENT SUPPORTIVE HOUSING WITH MSHDA VOUCHERS. FIVE UNITS ARE SET ASIDE FOR FAMILIES AT 40% AMI, WITH THE REMAINING UNITS DESIGNATED AT 60% AMI. THE PROJECT ALSO INCLUDES A COMMUNITY BUILDING AND IS CLOSE TO PUBLIC TRANSIT STOPS AND ROUTES, NEIGHBORHOOD RETAIL CENTERS, GROCERY STORES, BANKS, CHURCHES, LIBRARIES, PARKS AND PUBLIC SCHOOLS. FINANCING FOR THE PROJECT INCLUDES LIHTC EQUITY AND CAPITAL MAGNET FUND LOAN FUNDS. THE PROJECT'S NONPROFIT SPONSOR, SOUTHWEST HOUSING CORPORATION, HAS A 40-YEAR HISTORY AS A LEADER IN PLANNING, DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING AND COMMERCIAL PROPERTY IN DETROIT, AND WITH MACK-ASHLAND II'S COMPLETION CONTINUES ITS COMMITMENT TO REVITALIZING THIS DETROIT NEIGHBORHOOD AS IT PROVIDES MUCH-NEEDED SERVICES TO ITS RESIDENTS.SAND POINT FAMILY HOUSING-SANTOS PLACE SEATTLE, WATHIS 77-UNIT FAMILY ACQUISITION/REHAB RENTAL PROJECT COMBINES THE RESYNDICATION OF A LIHTC TRANSITIONAL HOUSING DEVELOPMENT AND THE RENOVATION OF AN ADJACENT PROJECT HOUSING FAMILIES AT RISK OF HOMELESSNESS, BOTH LOCATED ON THE FORMER SITE OF THE SAND POINT NAVAL STATION. THE PROJECT TARGETS FAMILIES AT 30% AND 60% AMI. ITS SPONSOR, SOLID GROUND WASHINGTON, IS A LONG-STANDING NONPROFIT PROVIDER OF SUPPORTIVE SERVICE PROGRAMS. IN CONCERT WITH OTHER LOCAL SERVICE PROVIDERS AND THE WASHINGTON STATE DEPARTMENT OF SOCIAL AND HEALTH SERVICES, SOLID GROUND DELIVERS REFERRAL-BASED AND IN-HOUSE SERVICES FOR THE RESIDENTS OF SAND POINT FAMILY-SANTOS PLACE WITH THE GOAL OF STABILIZING FAMILIES IN PERMANENT HOUSING AND CONNECTING THEM TO THE RESOURCES NECESSARY TO MAINTAIN THAT HOUSING. PROJECT FINANCING INCLUDES LIHTC EQUITY AND SOFT FINANCING FROM AGENCIES INCLUDING THE CITY OF SEATTLE AND THE STATE OF WASHINGTON, AND INCLUDES OPERATING SUBSIDIES.ROLLING HILLS WINSTON-SALEM, NCTHIS IS AN ACQUISITION/REHAB PROJECT UNDER THE MARK-TO-MARKET PROGRAM, PRESERVING AFFORDABLE HOUSING BY PROVIDING INTERIOR AND EXTERIOR RENOVATIONS TO AN EXISTING 110-UNIT FAMILY RENTAL PROJECT. ALL OF THE UNITS ARE COVERED BY A PROJECT BASED RENTAL ASSISTANCE SECTION 8 CONTRACT. THE TWO-STORY, WALK-UP, GARDEN STYLE APARTMENTS ORIGINALLY OPENED IN 1971; THE PROJECT'S LOCATION AND PROXIMITY TO PUBLIC TRANSPORTATION AND COMMUNITY SERVICES HAVE POSITIVELY IMPACTED ITS MARKETABILITY. THE DENVER-BASED SPONSOR, EXPERIENCED IN THE PRESERVATION OF EXISTING AFFORDABLE HOUSING WITH OVER 30 SUCH PROJECTS COMPLETED ACROSS THE COUNTRY, IS COMMITTED TO MINIMIZING THE IMPACT OF RELOCATION WITH MOST OF THE WORK CONSISTING OF IN-PLACE REHABILITATION AND ONLY BRIEF TEMPORARY RELOCATIONS. FINANCING FOR THE PROJECT INCLUDED MULTI-FAMILY HOUSING REVENUE BONDS ISSUED BY THE CITY OF WINSTON-SALEM AND LIHTC AND SPONSOR EQUITY. 89779444 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 7 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X ADAM ENNIS 2126821106 ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 ADAM ENNIS BOARD MEMBER/CFO 9.00 41.00 X X 0 151227 48328 ANGELA BUTLER BOARD MEMBER 4.00 46.00 X 0 171062 60675 ANN VOGT SEC/TRES/BOARD MEMBER 7.20 48.40 X X 0 270907 41212 BYRON BROWN BOARD MEMBER 0.30 X 0 0 0 DANIEL MARSH III PRES/BOARD MEMBER 1.10 54.40 X X 0 304700 53082 DAVID J TREVISANI BOARD MEMBER 17.50 32.50 X 0 171229 63028 GERTRUDE SCRIVEN BOARD MEMBER 0.50 49.50 X 0 152744 39392 INGRID NARDONI BOARD MEMBER 7.50 42.80 X 0 141841 39464 JOHN PALYO BOARD MEMBER 6.50 43.50 X 0 216258 56854 JOSEPH WECHSLER BOARD MEMBER 0.30 X 0 0 0 KEVIN GREMSE BOARD MEMBER 1.00 49.00 X 0 181112 44528 PATRICIA THOMSON BOARD MEMBER 4.00 46.00 X 0 74711 37371 ROBERT W DAVENPORT BOARD MEMBER 20.00 37.30 X 0 0 0 ROSEANN NOVEMBRINO BOARD MEMBER 0.30 X 0 0 0 STEPHANIE DUGAN BOARD MEMBER 1.00 49.00 X 0 177377 50702 STEVEN THAYER BOARD MEMBER 0.30 X 0 0 0 SVANTE MYRICK BOARD MEMBER 0.30 X 0 0 0 THOMAS JACKSON BOARD MEMBER 1.00 49.00 X 0 172189 63885 WILLIAM L COURTRIGHT BOARD MEMBER 0.30 X 0 0 0 0 2185357 598521 0 0 1 0 ABM PARKING ONE BATTERY PARK PLAZA 710 NEW YORK NY 10004 PROPERTY MANAGEMENT 2604184 MCKINSTRY FMS LLC 5005 THIRD AVENUE SOUTH SEATTLE WA 98134 PROPERTY MANAGEMENT 1881518 BGIS GLOBAL INTEGRATED SOLUTIONS US LLC 210 S HUDSON ST STE 380 SEATTLE WA 98134 PROPERTY MANAGEMENT 1440000 CASCADIAN BUILDING MAINTENANCE 1331 118TH AVE SE SUITE 100 BELLEVUE WA 98005 BUILDING MANAGEMENT 936553 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 ACCOUNTING AND AUDIT SERVICES 571475 11 558772 558772 RENTAL INCOME 900099 46006505 46006505 INTEREST REVENUE 900099 19566557 19566557 EXPENSE RECOVERIES 900099 6730984 6730984 DEVELOPER FEE INCOME 900099 3568697 3568697 FINANCIAL ASSISTANCE 900099 1050000 1050000 76922743 2444583 2444583 3559939 1340098 556742 -1340098 3003197 1663099 1663099 PARKING INCOME 900099 4920991 4920991 TREASURY REBATES 900099 2616077 2616077 MANAGEMENT FEE INCOME 900099 83325 83325 2542354 2542354 10162747 91751944 84469413 0 6723759 2185000 2185000 3541379 3541379 378627 378627 9579459 9579459 112463 112463 39726923 39726923 18966245 18966245 1284057 1284057 OPERATING & MAINTENANCE 11530434 11530434 ADMINISTRATIVE EXPENSES 1342558 1342558 LEASE EXPENSES 83333 83333 PROVISION FOR LOAN LOSS 41020 41020 2350504 2350504 91122002 89779444 1342558 0 6455590 5829235 161151407 91919284 2128146 377924 11516363 10025981 2642610 2289412 569332380 147479378 415316200 421853002 448893401 450328360 5020667 5075892 36025340 35951667 1089149724 1023650757 16436315 16183000 125000 102636 912162 970640029 897046992 4126057 1921181 49642057 55672444 1040947094 971860779 X 48202630 51789978 48202630 51789978 1089149724 1023650757 629942 808695 2148711 0 X 0 0 0 X 3795775 152767161 3882487 2329246 558772 163333441 128848038 81075202 90119447 92540247 76922743 469505677 132643813 233842363 94001934 94869493 77481515 632839118 0 0 0 632839118 1049553 2882511 272136 2444583 6648783 1049553 2882511 272136 2444583 6648783 1084019 5726504 10162747 16973270 133693366 233842363 97968464 100868133 90088845 656461171 0.96400 0.96260 0.01010 0.02780 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: PARKING FEE - 2015 AMOUNT: $ 1,072,419. 2016 AMOUNT: $ 2,031,423. 2017 AMOUNT: $ 4,920,991. OTHER INCOME - 2015 AMOUNT: $ 11,600. TREASURY REBATES - 2016 AMOUNT: $ 2,688,819. 2017 AMOUNT: $ 2,616,077. MISC FEE INCOME - 2016 AMOUNT: $ 76,956. 2017 AMOUNT: $ 2,542,354. EXPENSES REIMBURSEMENT BY TENANT - 2016 AMOUNT: $ 910,926. DEBT FORGIVENESS - 2016 AMOUNT: $ 18,380. MANAGEMENT FEE INCOME - 2017 AMOUNT: $ 83,325. 11755000 11755000 436330001 136962944 299367057 11076797 3476980 7599817 22425957 7039454 15386503 87744625 87744625 421853002 SOCIAL INFRASTRUCTURE DEV. TO LESSEN THE BURDEN OF GOVT 391504704 F CDI INVESTMENT, ECONOMIC DEVELOPMENT 58366085 F LOW INCOME HOUSING PROJECTS 457571 F 450328360 ADVANCES PAYABLE 3607153 BOND PREMIUM 17975157 CONSTRUCTION FUNDS PAYABLE 8941707 DUE TO GOVERNMENT AGENCIES 15322658 DUE TO THIRD PARTIES 6246358 OPERATING EXPENSE RESERVE 765013 PREPAID RENT 1063629 SECURITY DEPOSITS 41166 DEVELOPER FEES PAYABLE 323770 EDA REVOLVING LOAN FUND 1385833 55672444 1 NDC HOUSING AND ECONOMIC DEVELOPMENT CORP 24 WHITEHALL STREET SUITE 710 NEW YORK NY 10004 112933129 501(C)(3) 2185000 OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T) 1 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY REQUIRING THE GRANTEE TO PROVIDE PERIODIC REPORTS THAT DESCRIBE THE USE OF GRANT FUNDS. 0 0 0 0 0 0 0 0 0 ADAM ENNIS BOARD MEMBER/CFO 0 150984 0 0 0 243 0 10500 0 37828 0 199555 0 0 ANGELA BUTLER BOARD MEMBER 0 170612 0 0 0 450 0 18000 0 42675 0 231737 0 0 ANN VOGT SEC/TRES/BOARD MEMBER 0 267343 0 0 0 3564 0 24000 0 17212 0 312119 0 0 DANIEL MARSH III PRES/BOARD MEMBER 0 298604 0 0 0 6096 0 24000 0 29082 0 357782 0 0 DAVID J TREVISANI BOARD MEMBER 0 169784 0 0 0 1445 0 24000 0 39028 0 234257 0 0 GERTRUDE SCRIVEN BOARD MEMBER 0 149163 0 0 0 3581 0 24000 0 15392 0 192136 0 0 INGRID NARDONI BOARD MEMBER 0 140091 0 0 0 1750 0 24000 0 15464 0 181305 0 0 JOHN PALYO BOARD MEMBER 0 215237 0 0 0 1021 0 24000 0 32854 0 273112 0 0 KEVIN GREMSE BOARD MEMBER 0 180284 0 0 0 828 0 6000 0 38528 0 225640 0 0 STEPHANIE DUGAN BOARD MEMBER 0 175984 0 0 0 1393 0 24000 0 26702 0 228079 0 0 THOMAS JACKSON BOARD MEMBER 0 170744 0 0 0 1445 0 12000 0 51885 0 236074 0 0 A WASHINGTON ECONOMIC DEV FIN AUTH 911493002 93975WCB9 2014-07-24 109205000 REFUNDING 0 0 0 B CITY OF NEWBURGH IND DEV AGENCY 141742033 650861AB3 2005-11-17 21230000 CONSTRUCTION 0 0 0 C WASH ST HOUSING FINANCE COMM 911874730 2015-09-29 15740000 REFUNDING 0 0 0 D TOMPKINS COUNTY IDA 161214039 890099CN2 2003-12-01 19035000 CONSTRUCTION 0 0 0 A 17405000 109205000 108233233 971767 0 1 0 1 B 7280000 21230000 372076 112175 19714522 1031227 2007 0 0 1 1 C 400000 15740000 1087318 14570263 82419 1 0 1 1 D 6545000 19035000 2086771 1285687 15662542 2005 0 0 0 1 A 0 0 0 1 1 0.08280 0.08280 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WASH. ST. HOUSING FINANCE COMM. DATE THE REBATE COMPUTATION WAS PERFORMED: 08/22/2016 ISSUER NAME: WBRP 3.2 DATE THE REBATE COMPUTATION WAS PERFORMED: 11/21/2016 ISSUER NAME: FYI PROPERTIES DATE THE REBATE COMPUTATION WAS PERFORMED: 11/21/2016 ISSUER NAME: CDP LOS ANGELES COUNTY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/09/2017 ISSUER NAME: RIVERSIDE COMMUNITY PROP. DEV., INC. DATE THE REBATE COMPUTATION WAS PERFORMED: 08/08/2017 A WBRP 32 273468946 937308AY0 2015-10-07 107615000 CONSTRUCTION 0 1 0 B NJB PROPERTIES 205535917 65486MAAS 2006-12-05 179285000 CONSTRUCTION 1 1 0 C TOP 260073671 89054QAP5 2014-06-26 43435000 CONSTRUCTION 0 1 0 D WASHINGTON ECONOMIC DEV FIN AUTH 911493002 93975WEH4 2013-12-11 28995000 REFUNDING 0 0 0 A 107615000 12078360 1613002 104849679 0 0 0 1 B 4475000 155420000 179285000 2136771 177148229 2009 0 0 0 1 C 5370000 43435000 48867177 239100 30362 1 0 1 1 D 5895000 28995000 405166 28589834 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 1 0 1 1 0.02800 0.02800 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 0 1 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A SCRANTON-LACKAWANA HLTH & WELF AUTH (CDP SCRANTON) 232205980 810694K99 2016-08-30 36126671 ACQUIRE LEASEHOLD INTEREST 0 0 0 B FYI PROPERTIES 262473717 302716AU9 2009-08-13 305810000 CONSTRUCTION 0 1 0 C CDP LOS ANGELES COUNTY 273473882 20368RAR5 2011-05-26 43710000 CONSTRUCTION 0 1 0 D COMMUNITY PROPERTIES ALASKA INC 455454746 20401WAT9 2012-12-19 25070000 CONSTRUCTION 0 1 0 A 36126671 3145683 32980988 0 0 0 1 B 31435000 305810000 4398514 301815947 2011 0 0 0 1 C 9570000 43710000 1271507 42438493 2012 0 0 0 1 D 1440000 25070000 544205 24525795 2014 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A RIVERSIDE COMMUNITY PROP DEV INC 462556598 768870AP2 2013-10-03 44380000 CONSTRUCTION 1 1 0 B COB PROPERTIES 453455657 19075HAV4 2014-07-11 49625000 CONSTRUCTION 0 1 0 C CITY OF SYRACUSE INDUSTRIAL DEVELOPMENT AGENCY 521380308 871720AF5 1995-03-30 12000000 REFUNDING 1 0 0 A 685000 43695000 44380000 1019851 43360149 2015 0 0 0 1 B 2000000 49625000 1020679 48604321 2015 0 0 0 1 C 11035000 12000000 12000000 0 1 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 FORM 990, PART VI, SECTION A, LINE 2 ANN VOGT & INGRID NARDONI, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 NATIONAL DEVELOPMENT COUNCIL IS THE SOLE VOTING MEMBER OF NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A NATIONAL DEVELOPMENT COUNCIL IS THE SOLE VOTING MEMBER OF NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION HAS THE POWER TO ELECT AND REMOVE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY OUTSIDE TAX PREPARERS IN CONSULTATION WITH MANAGEMENT AND AUDITORS. A DRAFT OF THE FULL FORM 990 WAS PROVIDED TO THE ENTIRE BOARD FOR REVIEW. A COMPLETE COPY OF THE FINAL FORM 990 WAS PROVIDED TO THE ORGANIZATION'S ENTIRE BOARD BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF NDC'S BOARD OF DIRECTORS AND EXECUTIVE EMPLOYEES ARE REQUIRED ANNUALLY TO EXECUTE A CONFLICT OF INTEREST AND COMPENSATION GUIDELINES ACKNOWLEDGEMENT STATING THAT THEY HAVE RECEIVED, READ AND UNDERSTAND, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES. THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES REQUIRES BOARD MEMBERS AND EXECUTIVE EMPLOYEES TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST IMMEDIATELY.UPON DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, THE CHAIRPERSON OF THE BOARD WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY CAN RESULT IN APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. ALSO, ALL BOARD MEMBERS, BY EXECUTING THE ANNUAL ACKNOWLEDGEMENT STATEMENT, CONCERNING THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES, ACKNOWLEDGE THAT NDC SHALL REMAIN FAITHFUL TO ITS CHARITABLE PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART IV, LINE 12B: THIS RETURN HAS BEEN PREPARED BASED ON ALL AVAILABLE INFORMATION AT THE TIME OF FILING. IT IS ALSO BASED ON UNAUDITED FINANCIAL STATEMENTS. IF ANY SIGNIFICANT DIFFERENCES ARISE AFTER THIS FILING, THIS RETURN WILL BE AMENDED TO PROPERLY REFLECT THE ADDITIONAL INFORMATION. NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 112933129 ASSIST GOV/HOUSING VA 501(C)(3) LINE 10 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 GROW AMERICA FUND INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 133641265 LOANS AT BELOW-MARKET RATES FOR ECONOMIC DEVELOPMENT DE 501(C)(3) LINE 10 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 NDC SUPPORT I INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 134156877 ASSIST GOV/HOUSING NY 501(C)(3) LINE 12A, I NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 KINGSBOROUGH HOUSING DEVELOPMENT FUND COMPANY INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 141734500 HOUSING NY 501(C)(3) LINE 10 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 YONKERS LARKIN GARAGE INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 800730609 ASSIST GOV NY 501(C)(3) LINE 10 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 136532871 ASSIST GOV/HOUSING NY 501(C)(3) LINE 10 N/A 0 NDC GREEN RENEWABLE ENERGY ENTERPRISE NEXUS ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 273820841 ECONOMIC DEVELOPMENT NY 501(C)(3) LINE 10 NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 NDC RESOURCES ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 460674188 ECON DEV/HOUSING/ASSIST GOV'T DC 501(C)(3) LINE 12A, I NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC 0 NDC CORPORATE EQUITY FUND III ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 134071776 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND IV ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 134151268 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND V ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 134195127 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND VI ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 050585420 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND VII ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 203273264 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND VIII ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 261481355 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND IX ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 264226439 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND X ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 454281155 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XI ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 462764258 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XII ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 473762588 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XIII ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 813113490 LOW INCOME HOUSING NY N/A NDC CORPORATE EQUITY FUND XIV ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 821877042 LOW INCOME HOUSING NY N/A COMMUNITY DEVELOPMENT GROUP HOLT ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 201643188 ECONOMIC DEVELOPMENT NY N/A C 0 COMMUNITY DEVELOPMENT GROUP ILLINOIS INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 201644052 HOUSING NY N/A C 0 COMMUNITY DEVELOPMENT GROUP KENTUCKY INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 133555220 ECONOMIC DEVELOPMENT NY N/A C 0 COMMUNITY DEVELOPMENT GROUP RENEWABLE ENERGY ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 262989445 ECONOMIC DEVELOPMENT NY N/A C 0 COMMUNITY DEVELOPMENT GROUP WALLA WALLA INC ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 133615889 ECONOMIC DEVELOPMENT NY N/A C 0 COMMUNITY DEVELOPMENT INVESTOR BROOKLYN ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 461534076 ECONOMIC DEVELOPMENT NY N/A C 0 HOUSING DEVELOPMENT GROUP III ONE BATTERY PARK PLAZA SUITE 710 NEW YORK NY 10004 203673695 HOUSING NY N/A C 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 1 1