2025-11-11T13:31:54-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2024-01-01 911884698 NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN NDCH 2126821106 633 THIRD AVE 19J NEW YORK NY 10017 DANIEL MARSH III PRESIDENT 2126821106 2025-11-11 1 1 LORI ROTHE YOKOBOSKY P01273422 2122970400 2025-11-04 2024 2025-03-06 01:10:19Z DANIEL MARSH III 633 THIRD AVE 19J NEW YORK NY 10017 114334875 1 1 9219 X WWW.GROWAMERICA.ORG X 1988 VA NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE (CONT. ON SCHEDULE O) FOLLOWING CHARITABLE PURPOSES: TO CONSTRUCT NEW AND SUPPORT EXISTING SAFE AND ADEQUATE LOW-INCOME HOUSING FOR DISADVANTAGED PERSONS; THEREBY ASSISTING GENERALLY IN THE ALLEVIATION 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 GOVERNMENTS; AND TO PROMOTE SOCIAL WELFARE. 29 20 0 20 0 0 12419293 27274614 81973964 75802029 -2502313 -1181403 9623997 11258232 101514941 113153472 1309562 2819771 0 0 0 0 0 0 0 108719231 108079979 110028793 110899750 -8513852 2253722 910447137 818576438 803924369 707192583 106522768 111383855 X NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE FOLLOWING CHARITABLE PURPOSES:A. TO CONSTRUCT NEW LOW INCOME HOUSING AND TO DEVELOP, MANAGE, OPERATE, PROMOTE, FUND, AND SUPPORT EXISTING LOW (CONT. ON SCHEDULE O) 0 0 76634633 20000 73573086 LESSENING THE BURDENS OF GOVERNMENT: HEDC ALSO PARTNERS WITH UNITS OF LOCAL GOVERNMENT TO ERECT AND MAINTAIN PUBLIC BUILDINGS, MONUMENTS, AND FACILITIES; AND TO PROMOTE SOCIAL WELFARE. THE UNDERLYING MISSION IS TO "LESSEN THE BURDEN OF GOVERNMENT". PROJECTS INCLUDE PUBLIC BUILDINGS AND CITY HALLS, EDUCATIONAL AND MEDICAL RESEARCH FACILITIES, STUDENT HOUSING, PARKING FACILITIES AND OTHER PUBLIC INFRASTRUCTURE. 25711803 2799771 9696566 STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED AREAS: HEDC WORKS WITH NONPROFIT ORGANIZATIONS, SERVICE PROVIDERS AND UNITS OF LOCAL GOVERNMENT TO STIMULATE ECONOMIC DEVELOPMENT IN THE ECONOMICALLY DEPRESSED NEIGHBORHOODS ACROSS THE NATION. WORKING THROUGH THE NEW MARKETS TAX CREDIT PROGRAM ALONG WITH OTHER FINANCING TOOLS FOR SMALL BUSINESSES AND NONPROFITS, 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.(CONT. SEE SCHEDULE O)NDC COMMUNITY IMPACT LOAN FUND (CILF) UNGUARANTEED LENDING TO WOMEN, MINORITIES, AND INDIVIDUALS IN DISADVANTAGED COMMUNITIES. CILF, HEDC'S NATIONAL CDFI AND MEMBER OF THE FEDERAL HOME LOAN BANK OF NEW YORK, WORKS WITH PARTNER-COMMUNITIES AND INVESTORS THROUGHOUT THE UNITED STATES TO STIMULATE ECONOMIC DEVELOPMENT BY PROVIDING CAPITAL FOR TARGETED GROWTH IN ECONOMICALLY DEPRESSED AREAS. CILF ENGAGES DIRECTLY WITH SMALL BUSINESS OWNERS ACROSS THE COUNTRY BY EXTENDING LOW-COST AND FAIR FINANCING. CILF ALSO OPERATES AND PARTICIPATES IN LOAN PROGRAMS FUNDED BY BOTH PUBLIC AND PRIVATE CLIENTS, IN WHICH CILF ULTIMATELY MAKES END LOANS TO BORROWERS. CILF'S ACTIVITIES CREATE OR RETAIN JOBS, ALLOW BUSINESSES TO EXPAND, RESTRUCTURE DEBT, AND MAKE IT POSSIBLE FOR BUSINESS OWNERS TO CREATE WEALTH. 1128080 237898 LOW INCOME HOUSING: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 MORE THAN 14,000 OF UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE LOW-INCOME HOUSING EQUATING TO BILLIONS OF DOLLARS OF INVESTMENT IN LOW-INCOME COMMUNITIES ACROSS THE COUNTRY. 103474516 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 29 20 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X DANIEL CHOI 2126821106 633 THIRD AVE SUITE 19J NEW YORK NY 10017 ADAM ENNIS BOARD MEMBER/COO 5.50 44.50 X X 0 351274 92962 BILL KING BOARD MEMBER 0.25 X 0 0 0 BRENDAN MEHAFFY BOARD MEMBER 0.25 X 0 0 0 BYRON BROWN BOARD MEMBER 0.25 X 0 0 0 CHARLEY DEPEW BOARD MEMBER 3.00 49.00 X 0 255296 38772 CHRISTOPHER SCANLON BOARD MEMBER 0.25 X 0 0 0 DANIEL CHOI CFO 12.50 37.50 X X 0 271108 60981 DANIEL MARSH III PRES/BOARD MEMBER 4.40 50.60 X X 0 531397 73655 DARRON SAXON BOARD MEMBER 0.25 X 0 0 0 DAVID J TREVISANI BOARD MEMBER/VICE PRESIDENT 10.50 39.50 X X 0 284339 124916 GEOFFREY PERSON BOARD MEMBER 0.25 X 0 0 0 JESSICA ESKRA BOARD MEMBER 0.25 X 0 0 0 JOHN MURRAY BOARD MEMBER 0.25 X 0 0 0 KEITH SWENSON BOARD MEMBER 0.25 X 0 0 0 KEVIN GREMSE BOARD MEMBER 1.00 49.00 X 0 274418 100815 KISTY MORRIS BOARD MEMBER 0.25 X 0 0 0 LARRY WEST BOARD MEMBER 0.25 X 0 0 0 LISA NICHOLS BOARD MEMBER 0.25 X 0 0 0 MARLO JACO BOARD MEMBER 0.25 X 0 0 0 MICHAEL GRIFFIN BOARD MEMBER 1.00 49.00 X 0 366362 85432 PAULA LIU VICE PRESIDENT 50.00 X X 0 0 0 RAQUEL FAVELA BOARD MEMBER 1.00 2.00 X 0 293881 38849 SCOTT ANDREW BOARD MEMBER 0.25 X 0 0 0 SHEILA HUMMEL BOARD MEMBER 0.25 X 0 0 0 STEPHANIE DUGAN BOARD MEMBER 1.00 39.00 X 0 250665 91151 THOMAS GIBNEY BOARD MEMBER 0.25 X 0 0 0 TOM SCHAPPACHER BOARD MEMBER 0.25 X 0 0 0 WENDY COLE BOARD MEMBER 0.25 X 0 0 0 WHITNEY TRUMBLY BOARD MEMBER 0.25 X 0 0 0 JENNIE VERTREES SECRETARY 15.00 35.00 X 0 114248 87566 0 2992988 795099 0 0 1 0 THE CAR PARK GROUP LLC 434 FAYETTEVILLE STREET STE 1350 RALEIGH NC 27601 PARKING GARAGE MGMT 1864368 HINES INTERESTS LIMITED PARTNERSHIP 2800 POST OAK BLVD HOUSTON TX 77056 PROPERTY MANAGEMENT 1627150 SEATTLE MAINTENANCE SERVICES PO BOX 95384 SEATTLE WA 98145 JANITORIAL 1601440 BGIS GLOBAL INTEGRATED SOLUTIONS US LLC 210 S HUDSON ST STE 380 SEATTLE WA 98134 PROPERTY MANAGEMENT 1359915 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 91110 SECURITY 813527 17 2980296 24294318 27274614 RENTAL INCOME 900099 57639816 57639816 INTEREST REVENUE 900099 16283683 16283683 FINANCIAL ASSISTANCE 900099 1050000 1050000 DEVELOPER FEE INCOME 900099 803741 803741 EXPENSE RECOVERIES 900099 24789 24789 75802029 1181403 -1181403 -1181403 -1181403 PARKING INCOME 900099 3856091 3856091 TREASURY REBATES 900099 1869264 1869264 MANAGEMENT FEE INCOME 900099 55550 55550 5477327 3793880 1683447 11258232 113153472 83507550 0 2371308 2819771 2819771 6496493 4039949 2456544 2841785 97838 2743947 17542873 17542873 176973 176973 30665358 30665358 21353312 21353312 1281549 1281549 PROVISION FOR LOAN LOSS 15093320 15093320 OPERATING & MAINTENANCE 9286123 9286123 ADMINISTRATIVE EXPENSES 2201600 2201600 1140593 1117450 23143 110899750 103474516 7425234 0 29989112 21223493 20070743 19110593 2817545 8749126 3550324 3021404 111576846 89205336 2030178 2184339 605292851 288031830 335924462 317261021 340018215 286802762 3242974 2959904 61226738 68058460 910447137 818576438 21876739 21410746 100000 100000 26330274 10434112 563734860 473045144 153717369 163868623 1195136 1195136 36969991 37138822 803924369 707192583 X 106522768 111383855 106522768 111383855 910447137 818576438 2253722 2607365 0 X 0 0 0 X 104174208 42657950 31207485 12419293 27274614 217733550 78928459 76639809 75619828 81973964 75802029 388964089 183102667 119297759 106827313 94393257 103076643 606697639 0 0 0 606697639 3176706 425159 3601865 3176706 425159 3601865 8406336 10538681 11317199 9623997 11258232 51144445 194685709 130261599 118144512 104017254 114334875 661443949 0.91720 0.91320 0.00540 0.00570 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: PARKING FEE - 2020 AMOUNT: $ 2,645,535. 2021 AMOUNT: $ 2,479,799. 2022 AMOUNT: $ 3,205,919. 2023 AMOUNT: $ 3,318,358. 2024 AMOUNT: $ 3,856,091. TREASURY REBATES - 2020 AMOUNT: $ 2,506,809. 2021 AMOUNT: $ 2,110,986. 2022 AMOUNT: $ 2,141,065. 2023 AMOUNT: $ 2,011,548. 2024 AMOUNT: $ 1,869,264. MISC FEE INCOME - 2020 AMOUNT: $ 3,158,442. 2021 AMOUNT: $ 5,524,346. 2022 AMOUNT: $ 4,822,665. 2023 AMOUNT: $ 4,238,541. 2024 AMOUNT: $ 5,477,327. MANAGEMENT FEE INCOME - 2020 AMOUNT: $ 95,550. 2021 AMOUNT: $ 423,550. 2022 AMOUNT: $ 1,147,550. 2023 AMOUNT: $ 55,550. 2024 AMOUNT: $ 55,550. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 242500 242500 569847310 271273561 298573749 11147220 5306590 5840630 24055821 11451679 12604142 317261021 SOCIAL INFRASTRUCTURE DEV. TO LESSEN THE BURDEN OF GOVT 228754697 F CDI INVESTMENT, ECONOMIC DEVELOPMENT 57836185 F LOW INCOME HOUSING PROJECTS 211880 F 286802762 DUE FROM AFFILIATES 26149904 INTEREST RECEIVABLE 1389107 ASSETS LIMITED TO USE 34840482 DEVELOPER FEE RECEIVABLE 2048072 DEFERRED FINANCING COSTS 3545907 FEE RECEIVABLES 59800 INTERCOMPANY RECEIVEABLES 25188 68058460 SECURITY DEPOSITS 38397 ADVANCES PAYABLE 2015134 DEFERRED RENT 2705135 CONSTRUCTION FUNDS PAYABLE 1397251 DEVELOPER FEES PAYABLE 4689070 INVESTMENT LIABILITIES IN PROJECTS 3258053 OTHER LIABLILITIES 6757455 BOND PREMIUM 7094480 DUE TO THIRD PARTIES 9183847 37138822 1 NDC COMMUNITY IMPACT LOAN FUND 633 THIRD AVE SUITE 19J NEW YORK NY 10017 133678913 501(C)(3) 64276 0 ECONOMIC DEVELOPMENT GRANT THE COMMUNITY ECONOMIC DEVELOPMENT FUND I LLC 965 EAST MAIN STREET MERIDEN CT 06450 061400719 27485 0 WORKING CAPITAL GRANT NDC HOUSING AND ECONOMIC DEVELOPMENT CORP 633 THIRD AVE SUITE 19J NEW YORK NY 10017 112933129 501(C)(3) 1250000 0 ECONOMIC DEVELOPMENT GRANT KINGS THEATRE MASTER TENANT LLC 208 EAST HOUSTON STREET SAN ANTONIO TX 78205 461348290 20000 0 ANNUAL THANKSGIVING DONATION SEATTLE BCOF LLC 633 THIRD AVE SUITE 19J NEW YORK NY 10017 922833255 1458010 0 GRANT TO A SMALL BUSINESS OWNER FOR REAL ESTATE DEVELOPMENT 2 3 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY REQUIRING THE GRANTEE TO PROVIDE PERIODIC REPORTS THAT DESCRIBE THE USE OF GRANT FUNDS. 0 1 0 0 0 0 0 0 0 DANIEL MARSH III PRES/BOARD MEMBER 0 431397 0 100000 0 0 0 54928 0 18727 0 605052 0 0 MICHAEL GRIFFIN BOARD MEMBER 0 266362 0 100000 0 0 0 43059 0 42373 0 451794 0 0 ADAM ENNIS BOARD MEMBER/COO 0 286274 0 65000 0 0 0 39024 0 53938 0 444236 0 0 DAVID J TREVISANI BOARD MEMBER/VICE PRESIDENT 0 244339 0 40000 0 0 0 76453 0 48463 0 409255 0 0 KEVIN GREMSE BOARD MEMBER 0 260418 0 14000 0 0 0 47098 0 53717 0 375233 0 0 STEPHANIE DUGAN BOARD MEMBER 0 225665 0 25000 0 0 0 48660 0 42491 0 341816 0 0 RAQUEL FAVELA BOARD MEMBER 0 243881 0 50000 0 0 0 15902 0 22947 0 332730 0 0 DANIEL CHOI CFO 0 231108 0 40000 0 0 0 10941 0 50040 0 332089 0 0 CHARLEY DEPEW BOARD MEMBER 0 220296 0 35000 0 0 0 19979 0 18793 0 294068 0 0 JENNIE VERTREES SECRETARY 0 108248 0 6000 0 0 0 37589 0 49977 0 201814 0 0 PART I, LINE 3 ALL COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION USING THE FOLLOWING: THE BOARD OF DIRECTORS OF NDC HAS A STANDING COMPENSATION REVIEW COMMITTEE, THE MEMBERS OF WHICH ARE ALL INDEPENDENT DIRECTORS. THE COMMITTEE ENGAGES A THIRD PARTY INDEPENDENT CONSULTANT TO REVIEW THE COMPENSATION OF THE PRESIDENT EVERY TWO YEARS. THE COMMITTEE REVIEWS AND DISCUSSES THE FINDINGS AT A SPECIAL SESSION WITH ALL BOARD MEMBERS PRESENT EXCEPT THE PRESIDENT. PART I, LINE 4B: THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL 457(F) EXECUTIVE RETIREMENT PLAN, NO CONTRIBUTIONS WERE MADE DURING THE YEAR. - DANIEL MARSH III A WASHINGTON ECONOMIC DEV FIN AUTH (WBRP II) 911493002 93975WCB9 2014-07-24 109205000 REFUNDING 0 0 0 B TOMPKINS COUNTY IDA 161214039 890099CN2 2003-12-01 19035000 CONSTRUCTION 0 0 0 C WBRP 32 273468946 937308AY0 2015-10-07 107615000 CONSTRUCTION 0 1 0 D NJB PROPERTIES 205535917 65486MAAS 2006-12-05 179285000 CONSTRUCTION 0 1 0 A 47605000 109205000 108233233 971767 2008 1 0 1 1 B 12380000 19035000 2086771 1285687 15662542 2005 0 0 1 1 C 16465000 107615000 12078360 1613002 104849679 2020 0 0 1 1 D 7270000 155420000 179285000 2136771 177148229 2009 0 0 1 1 A 0 0 0 1 1 0.00790 0.00790 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 1 1 0.01360 0.01360 0 0 0 D 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 0 0 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 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: SCRANTON-LACKAWANA HLTH & WELF. AUTH. (CDP SCRANTON) DATE THE REBATE COMPUTATION WAS PERFORMED: 08/30/2024 ISSUER NAME: WASH. ST. HOUSING FINANCING COMM. DATE THE REBATE COMPUTATION WAS PERFORMED: 01/16/2025 A TOP 260073671 89054QAP5 2014-06-26 43435000 CONSTRUCTION 0 1 0 B WASHINGTON ECONOMIC DEV FIN AUTH (WBRP I) 911493002 93975WEH4 2013-12-11 28995000 REFUNDING 0 0 0 C SCRANTON-LACKAWANA HLTH & WELF AUTH (CDP SCRANTON) 232205980 810694K99 2016-08-30 36126671 ACQUIRE LEASEHOLD INTEREST 0 0 0 D COMMUNITY PROPERTIES ALASKA INC 455454746 20401WAT9 2012-12-19 25070000 CONSTRUCTION 0 1 0 A 25900000 43435000 48867177 239100 30362 2005 1 1 1 1 B 14450000 28995000 405166 28589834 2004 1 0 1 1 C 531835 36126671 3145683 32980988 0 0 1 1 D 5480000 25070000 544205 24525795 2014 0 0 1 1 A 0 0 0 0 0 0 0 B 0 1 0 1 1 0.01360 0.01360 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 0 1 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 A FYI PROPERTIES 262473717 302716AW5 2019-03-05 227875000 REFUNDING 0 1 0 B WASH ST HOUSING FINANCING COMM 911874730 2020-12-30 14410000 REFUNDING 0 0 0 A 40205000 227875000 341665 227533335 2011 1 0 1 1 B 1372945 14410000 314934 14095066 2009 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 1 B 1 FORM 990, PART III, LINE 1 CONTINUATION: 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. B. 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. C. TO INITIATE AND CARRY OUT ACTIVITIES TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED AREAS OF THE US. IN PARTICULAR, TO UNDERTAKE ACTIVITIES THAT: - RELIEVE POVERTY AND LESSEN NEIGHBORHOOD TENSION CAUSED BY A LACK OF JOBS IN DETERIORATED AND DEPRESSED AREAS BY PROVIDING TRAINING OPPORTUNITIES FOR THE UNEMPLOYED AND CREATING JOB OPPORTUNITIES FOR DISADVANTAGED GROUPS. - COMBAT COMMUNITY DETERIORATION AND ELIMINATE BLIGHT BY UNDERTAKING ACTIVITIES THAT STIMULATE THE ESTABLISHMENT OF NEW BUSINESSES AMONG DISADVANTAGED GROUPS AND WHICH REHABILITATE AND REVIVE EXISTING BUSINESSES OPERATED BY DISADVANTAGED GROUPS. FORM 990, PART VI, SECTION A, LINE 6 NATIONAL DEVELOPMENT COUNCIL IS THE SOLE VOTING MEMBER OF NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A NATIONAL DEVELOPMENT COUNCIL IS THE SOLE VOTING MEMBER OF NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION AND HAS THE POWER TO ELECT AND REMOVE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY OUTSIDE TAX PREPARERS IN CONSULTATION WITH MANAGEMENT AND AUDITORS. A DRAFT OF THE FULL FORM 990 WAS PROVIDED TO THE ENTIRE BOARD FOR REVIEW. A COMPLETE COPY OF THE FINAL FORM 990 WAS PROVIDED TO THE ORGANIZATION'S ENTIRE BOARD BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF NDC'S BOARD OF DIRECTORS AND EXECUTIVE EMPLOYEES ARE REQUIRED ANNUALLY TO EXECUTE A CONFLICT OF INTEREST AND COMPENSATION GUIDELINES ACKNOWLEDGEMENT STATING THAT THEY HAVE RECEIVED, READ AND UNDERSTAND, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES. THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES REQUIRES BOARD MEMBERS AND EXECUTIVE EMPLOYEES TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST IMMEDIATELY.UPON DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, THE CHAIRPERSON OF THE BOARD WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY CAN RESULT IN APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. ALSO, ALL BOARD MEMBERS, BY EXECUTING THE ANNUAL ACKNOWLEDGEMENT STATEMENT, CONCERNING THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES, ACKNOWLEDGE THAT NDC SHALL REMAIN FAITHFUL TO ITS CHARITABLE PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART IV, LINE 12B: THIS RETURN HAS BEEN PREPARED BASED ON ALL AVAILABLE INFORMATION AT THE TIME OF FILING. IT IS ALSO BASED ON UNAUDITED FINANCIAL STATEMENTS. IF ANY SIGNIFICANT DIFFERENCES ARISE AFTER THIS FILING, THIS RETURN WILL BE AMENDED TO PROPERLY REFLECT THE ADDITIONAL INFORMATION. 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