THE COMMUNITY PRESERVATION CORPORATION: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- THE COMMUNITY PRESERVATION CORPORATION (EIN 13-2792409)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-04-30
- IRS object ID
- 201821209349301002
- Schema version
- 2016v3.0
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-04-30T08:36:36-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 580673524 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Moore Stephens Tiller LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 250 E Hartsdale Ave Suite 34 | AddressLine1Txt |
| City | Hartsdale | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10530 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 132792409 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Community Preservation Corporation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COMM | BusinessNameControlTxt |
| Phone | 2128695300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 28 East 28th Street 9th Floor | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100167943 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID ROTHBERG | PersonNm |
| Person Title | EVP & CFO | PersonTitleTxt |
| Phone | 2128695300 | PhoneNum |
| Signature | 2018-04-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Roger DeVries | PreparerPersonNm |
| PTIN | P00233256 | PTIN |
| Phone | 9147237743 | PhoneNum |
| Preparation | 2018-04-19 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 72.89.242.252 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-04-19 | IPDt |
| IP Tm | 13:31:17 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 8AB005EB025AB0A5D404143A045A51515FE06058 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Rafael E Cestero | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 28 East 28th Street 9th Floor | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100167943 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $55,538,943 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.communityp.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1974 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | TO COMBAT COMMUNITY DETERIORATION, PROMOTE THE GENERAL WELFARE, AND LESSEN THE BURDENS OF GOVERNMENT BY PROVIDING FINANCING FOR LOW & MODERATE INCOME HOUSING. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 148 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,947,641 | PYContributionsGrantsAmt |
| CY Contributions Grants | $12,436,044 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $37,377,719 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $33,542,300 | CYProgramServiceRevenueAmt |
| PY Investment Income | $407,459 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,649,813 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $42,732,819 | PYTotalRevenueAmt |
| CY Total Revenue | $54,628,157 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $205,840 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $341,729 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,927,405 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $18,930,684 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $24,189,932 | PYOtherExpensesAmt |
| CY Other Expenses | $30,060,486 | CYOtherExpensesAmt |
| PY Total Expenses | $42,323,177 | PYTotalExpensesAmt |
| CY Total Expenses | $49,332,899 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $409,642 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,295,258 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $940,210,908 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,003,612,478 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $745,588,948 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $789,844,422 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $194,621,960 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $213,768,056 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO COMBAT COMMUNITY DETERIORATION, PROMOTE THE GENERAL WELFARE, AND LESSEN THE BURDENS OF GOVERNMENT BY PROVIDING DEBT AND/OR EQUITY FINANCING FOR LOW & MODERATE INCOME HOUSING. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $39,183,987 | ExpenseAmt |
| Grant | $341,729 | GrantAmt |
| Revenue | $33,541,567 | RevenueAmt |
| Desc | THE COMMUNITY PRESERVATION CORPORATION (CPC) IS A PRIVATE NOT-FOR-PROFIT MORTGAGE LENDER SPECIALIZING IN THE FINANCING OF LOW AND MODERATE INCOME HOUSING. CPC'S MISSION IS TO WORK WITH GOVERNMENT TO PRESERVE AND DEVELOP AFFORDABLE HOUSING IN NEW YORK AND, TO A LESSER EXTENT, ELSEWHERE. IN ITS 43 YEARS OF EXISTENCE, CPC HAS FINANCED THE REHABILITATION OR CONSTRUCTION OF 165,537 AFFORDABLE HOUSING UNITS. DURING THE YEAR ENDED JUNE 30, 2017, CPC ORIGINATED $394,290,111 OF PUBLIC AND PRIVATE FUNDS REPRESENTING FINANCING ON 3,943 UNITS. | Desc |
| Total Program Service Expenses | $39,183,987 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | 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 | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| 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 | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 2427 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 148 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | 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 | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | David Rothberg | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2128695300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 28 East 28th Street 9th Floor | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100167943 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (60 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Rafael E Cestero | |||||||||
| President & CEO, Director | 22.80 | 12.20 | Yes (X) | Yes (X) | $577,314 | $310,862 | $57,254 | ||
| Michael Hegarty | |||||||||
| Chairman | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Bruce A Beal | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Robert J Duffy | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Ingrid Gould Ellen | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Todd A Gomez | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Carol M Joseph | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Felice L Michetti | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| D Kenneth Patton | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Ronald Poe | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Gregory R Reimers | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Richard Roberts | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Arthur H Seter | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| John Somers | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Anders Tomson | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Michael J Wechsler | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Alan Weiner | |||||||||
| Director | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| Richard A Kumro | |||||||||
| EVP, Genl Counsel, Secy | 31.10 | 3.90 | Yes (X) | $348,282 | $44,148 | $55,727 | |||
| David Rothberg | |||||||||
| EVP, CFO & Treasurer | 32.50 | 2.50 | Yes (X) | $374,352 | $28,264 | $58,798 | |||
| Sarah J Singman | |||||||||
| Exec Vice President & COO | 33.20 | 1.80 | Yes (X) | $470,652 | $24,771 | $60,314 | |||
| Carolyn Au | |||||||||
| Senior Vice President | 35.00 | 0.00 | Yes (X) | $378,327 | $0 | $44,013 | |||
| Wanda Chin | |||||||||
| Senior Vice President | 35.00 | 0.00 | Yes (X) | $274,670 | $0 | $40,812 | |||
| Richard P Conley | |||||||||
| Senior Vice President | 35.00 | 0.00 | Yes (X) | $301,945 | $0 | $57,215 | |||
| Michael A DeWitt | |||||||||
| Senior Vice President | 35.00 | 0.00 | Yes (X) | $98,787 | $0 | $3,520 | |||
| Jeffrey B Ely | |||||||||
| Senior Vice President | 34.30 | 0.70 | Yes (X) | $256,135 | $5,280 | $42,668 | |||
| Andrea D Gladstone | |||||||||
| Senior Vice President | 35.00 | 0.00 | Yes (X) | $232,425 | $0 | $45,186 | |||
| Thomas P McGrath | |||||||||
| Senior Vice President | 32.10 | 2.90 | Yes (X) | $319,489 | $28,728 | $48,046 | |||
| Douglas L Olcott | |||||||||
| Senior Vice President | 35.00 | 0.00 | Yes (X) | $267,041 | $0 | $51,060 | |||
| Nicholas V Petragnani Jr | |||||||||
| Senior Vice President | 35.00 | 0.00 | Yes (X) | $232,867 | $0 | $46,540 | |||
| Elizabeth Propp | |||||||||
| Senior Vice President | 15.80 | 19.20 | Yes (X) | $131,644 | $160,898 | $14,408 | |||
| Robert L Riggs | |||||||||
| Senior Vice President | 35.00 | 0.00 | Yes (X) | $263,950 | $0 | $54,905 | |||
| Michael A Skrebutenas | |||||||||
| Senior Vice President | 35.00 | 0.00 | Yes (X) | $222,225 | $0 | $50,891 | |||
| Eric B Bederman | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $149,819 | $0 | $2,438 | |||
| Stephanie C Canzani | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $127,508 | $0 | $41,844 | |||
| Tracy M Conley | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $111,234 | $0 | $14,216 | |||
| Melanie A Crocco | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $146,461 | $0 | $48,317 | |||
| Andrew J D'Agostino | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $134,727 | $0 | $40,387 | |||
| Jaime S DeMaso | |||||||||
| Vice President | 33.30 | 1.70 | Yes (X) | $190,412 | $10,021 | $45,941 | |||
| Sharon S Fierstein | |||||||||
| Vice President | 34.30 | 0.70 | Yes (X) | $45,683 | $942 | $765 | |||
| Lawrence G Hammond | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $200,820 | $0 | $29,026 | |||
| Lu Jin | |||||||||
| Vice President | 16.40 | 18.60 | Yes (X) | $93,827 | $106,959 | $40,272 | |||
| Patrick B Lockhart | |||||||||
| Vice President | 34.30 | 0.70 | Yes (X) | $85,783 | $1,769 | $15,168 | |||
| Glenn P Lunde | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $146,700 | $0 | $1,335 | |||
| Erin K Macher | |||||||||
| Vice President | 34.30 | 0.70 | Yes (X) | $115,668 | $2,385 | $5,756 | |||
| Susan C McClure | |||||||||
| Vice President | 34.30 | 0.70 | Yes (X) | $269,813 | $5,563 | $49,412 | |||
| James P Millard | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $191,722 | $0 | $29,622 | |||
| Matthew L Nelson | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $151,303 | $0 | $34,817 | |||
| Arthur R Phidd | |||||||||
| Vice President | 34.30 | 0.70 | Yes (X) | $224,388 | $4,626 | $21,777 | |||
| Helene S Rudolph | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $232,257 | $0 | $44,342 | |||
| Christopher L Schilling | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $153,634 | $0 | $13,236 | |||
| Mary Schouenborg-Paden | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $185,961 | $0 | $27,160 | |||
| John J Tucci | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $106,075 | $0 | $14,057 | |||
| Daniel J Wheeler | |||||||||
| Vice President | 35.00 | 0.00 | Yes (X) | $203,892 | $0 | $48,463 | |||
| Brenda Barnaby | |||||||||
| Human Resources | 34.30 | 0.70 | $137,379 | $2,833 | $25,604 | Yes (X) | |||
| George Chung | |||||||||
| Associate Attorney | 35.00 | 0.00 | $160,826 | $0 | $26,686 | Yes (X) | |||
| Andrew J Giglio | |||||||||
| AVP Mortgage Officer | 35.00 | 0.00 | $118,973 | $0 | $40,497 | Yes (X) | |||
| Erika N Lake | |||||||||
| VP, CPCR | 8.70 | 26.30 | $34,278 | $221,108 | $25,259 | Yes (X) | |||
| Leon Shnayder | |||||||||
| Sr Network Admin | 34.30 | 0.70 | $164,493 | $3,391 | $44,242 | Yes (X) | |||
| Daniel J Brandt | |||||||||
| Former EVP, CFO & Treasurer | 33.80 | 1.20 | $558,423 | $20,374 | $12,562 | Yes (X) | |||
| William A Burke | |||||||||
| Former Senior Vice President | 35.00 | 0.00 | $185,919 | $0 | $1,452 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $9,378,083 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $982,922 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,476,010 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 48 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | Yes (1) | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| IBM CORPORATION | |||||
| PO BOX 643600 | PITTSBURGH | PA | 15264 | INFORMATION TECHNOLOGY | $705,167 |
| MCCRACKEN FINANCIAL SOLUTIONS CORP | |||||
| 8 SUBURBAN PARK DRIVE | BILLERICA | MA | 01821 | INFORMATION TECHNOLOGY | $151,819 |
| SUKA CREATIVE INC | |||||
| 222 BROADWAY | NEW YORK | NY | 10038 | MARKETING | $127,038 |
| CONSTRUCTION MONITORING CONSULTANTS INC | |||||
| 4242 RIDGE LEA ROAD | AMHERST | NY | 14226 | CONSULTING | $120,000 |
| FL ANDREW PADIAN | |||||
| 418 W 47TH STREET | NEW YORK | NY | 10036 | CONSULTING | $117,141 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $2,467,644 | GovernmentGrantsAmt |
| All Other Contributions | $9,968,400 | AllOtherContributionsAmt |
| Total Contributions | $12,436,044 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MORTGAGE LOAN INTEREST | 522292 | $19,511,859 | $19,511,859 |
| SERVICING FEES | 522292 | $7,175,029 | $7,175,029 |
| MORTGAGE LOAN COMMITMENT FEES | 522292 | $4,330,101 | $4,330,101 |
| GAIN ON SALE OF LOANS | 522292 | $1,852,958 | $1,852,958 |
| OTHER SERVICING INCOME | 522292 | $364,515 | $364,515 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $307,838 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $307,838 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $33,542,300 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,650,546 | TotalRevenueColumnAmt |
| Exclusion | $8,650,546 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $20,053 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $20,053 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $890,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $890,733 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$733 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$733 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$733 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $54,628,157 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $33,541,567 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,650,546 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $341,729 | TotalAmt |
| Program Services | $341,729 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,860,792 | TotalAmt |
| Program Services | $6,325,026 | ProgramServicesAmt |
| Management And General | $3,535,766 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,872,949 | TotalAmt |
| Program Services | $4,769,655 | ProgramServicesAmt |
| Management And General | $2,103,294 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $495,813 | TotalAmt |
| Program Services | $317,243 | ProgramServicesAmt |
| Management And General | $178,570 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $711,242 | TotalAmt |
| Program Services | $524,030 | ProgramServicesAmt |
| Management And General | $187,212 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $989,888 | TotalAmt |
| Program Services | $675,458 | ProgramServicesAmt |
| Management And General | $314,430 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $282,674 | TotalAmt |
| Management And General | $282,674 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $363,079 | TotalAmt |
| Management And General | $363,079 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,000 | TotalAmt |
| Management And General | $60,000 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,748,961 | TotalAmt |
| Program Services | $1,294,924 | ProgramServicesAmt |
| Management And General | $454,037 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $511,953 | TotalAmt |
| Management And General | $511,953 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $663,062 | TotalAmt |
| Program Services | $455,832 | ProgramServicesAmt |
| Management And General | $207,230 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,291,099 | TotalAmt |
| Program Services | $986,410 | ProgramServicesAmt |
| Management And General | $304,689 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,712,461 | TotalAmt |
| Program Services | $1,217,370 | ProgramServicesAmt |
| Management And General | $495,091 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $417,665 | TotalAmt |
| Program Services | $296,914 | ProgramServicesAmt |
| Management And General | $120,751 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $121,207 | TotalAmt |
| Program Services | $86,165 | ProgramServicesAmt |
| Management And General | $35,042 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,501,450 | TotalAmt |
| Program Services | $15,501,450 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $314,548 | TotalAmt |
| Program Services | $223,609 | ProgramServicesAmt |
| Management And General | $90,939 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $580,095 | TotalAmt |
| Management And General | $580,095 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| LOAN LOSS RESERVE INCRE | $6,039,989 | $6,039,989 | |
| DUES & SUBSCRIPTIONS | $152,602 | $6,645 | $145,957 |
| EMPLOYMENT AGENCY FEES | $100,378 | $100,378 | |
| OTHER LOAN-RELATED EXPE | $54,832 | $54,832 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $144,431 | TotalAmt |
| Program Services | $66,706 | ProgramServicesAmt |
| Management And General | $77,725 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,332,899 | TotalAmt |
| Program Services | $39,183,987 | ProgramServicesAmt |
| Management And General | $10,148,912 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $152,306,943 | BOYAmt |
| EOY | $154,765,041 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $179,635,870 | BOYAmt |
| EOY | $196,356,905 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,937,564 | BOYAmt |
| EOY | $2,012,869 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $548,838 | BOYAmt |
| EOY | $477,997 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $9,378,707 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $8,235,211 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $907,554 | BOYAmt |
| EOY | $1,143,496 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,153,932 | BOYAmt |
| EOY | $154,362,668 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $429,477,025 | BOYAmt |
| EOY | $463,363,834 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,497,624 | BOYAmt |
| EOY | $24,043,917 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,745,558 | BOYAmt |
| EOY | $7,085,751 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $940,210,908 | BOYAmt |
| EOY | $1,003,612,478 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,150,335 | BOYAmt |
| EOY | $7,313,267 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $294,508,755 | BOYAmt |
| EOY | $311,272,117 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $434,041,983 | BOYAmt |
| EOY | $466,401,855 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,887,875 | BOYAmt |
| EOY | $4,857,183 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $745,588,948 | BOYAmt |
| EOY | $789,844,422 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $194,621,960 | BOYAmt |
| EOY | $213,768,056 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $194,621,960 | BOYAmt |
| EOY | $213,768,056 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $940,210,908 | BOYAmt |
| EOY | $1,003,612,478 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,295,258 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $13,850,838 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $850 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,643,906 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,776,485 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,947,641 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,436,044 | CurrentTaxYearAmt |
| Total | $23,804,926 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $40,770,426 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $33,358,835 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $28,024,623 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $37,384,490 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $33,542,300 | CurrentTaxYearAmt |
| Total | $173,080,674 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $40,771,276 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $36,002,741 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $31,801,108 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $42,332,131 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $45,978,344 | CurrentTaxYearAmt |
| Total | $196,885,600 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $631,491 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $991,191 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $317,301 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,006,254 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $731,864 | CurrentTaxYearAmt |
| Total | $5,678,101 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $631,491 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $991,191 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $317,301 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,006,254 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $731,864 | CurrentTaxYearAmt |
| Total | $5,678,101 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $191,207,499 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $205,655 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,209,204 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $45,217,838 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $400,688 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,650,546 | CurrentTaxYearAmt |
| Total | $55,683,931 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $205,655 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,209,204 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $45,217,838 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $400,688 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,650,546 | CurrentTaxYearAmt |
| Total | $55,683,931 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $40,976,931 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $37,211,945 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $77,018,946 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $42,732,819 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $54,628,890 | CurrentTaxYearAmt |
| Total | $252,569,531 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.75700 | PublicSupportCY509Pct |
| Public Support PY509 | 0.78600 | PublicSupportPY509Pct |
| Investment Income CY | 0.22050 | InvestmentIncomeCYPct |
| Investment Income PY | 0.18900 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | Yes (1) | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | Yes (1) | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $75,000 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $75,000 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part II-B, Line 1: | FormAndLineReferenceDesc |
| Explanation | LOBBYING IS NOT A SUBSTANTIAL PART OF THE ACTIVITIES OF THE CORPORATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2017, OFFICERS OF THE CORPORATION DID LOBBY WITH RESPECT TO FEDERAL, STATE, AND LOCAL LEGISLATION RELATING TO AFFORDABLE HOUSING ISSUES, AND THE CORPORATION RETAINED THE SERVICES OF LEGAL COUNSEL TO REPRESENT ITS INTERESTS WITH RESPECT TO LOCAL, STATE, AND FEDERAL LEGISLATIONS. THE CORPORATION ALSO SOMETIMES CONTRIBUTES ARTICLES OF OPINION PIECES TO PUBLICATIONS CONCERNING AFFORDABLE HOUSING ISSUES. DIRECT LOBBYING EXPENSES OF THIS NATURE FOR THE FISCAL YEAR ENDED JUNE 30, 2017, TOTALED $60,000. LOBBYING EXPENSES OF CORPORATION OFFICERS FOR THE PERIOD (INCLUDING REIMBURSEMENT OF TRAVEL EXPENSES AND A PER HOUR PRORATION OF OFFICERS' SALARIES) ARE ESTIMATED TO HAVE BEEN LESS THAN $15,000. THE CORPORATION'S TOTAL LOBBYING EXPENDITURES FOR THE FISCAL YEAR ENDED JUNE 30, 2017, ARE THEREFORE ESTIMATED TO HAVE BEEN LESS THAN $75,000. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $76,890 | OtherCostOrOtherBasisAmt |
| Depreciation | $76,291 | DepreciationAmt |
| Book Value | $599 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,747,100 | OtherCostOrOtherBasisAmt |
| Depreciation | $880,639 | DepreciationAmt |
| Book Value | $866,461 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,554,717 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,278,281 | DepreciationAmt |
| Book Value | $276,436 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,143,496 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CPC RESOURCES INC | Desc |
| Book Value | $154,362,668 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $154,362,668 | TotalBookValueSecuritiesAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CONSTRUCTION LOANS | $237,845,696 | C |
| CONSTRUCTION LOAN PARTICIPATIONS | $102,333,579 | C |
| PERMANENT MORTGAGE LOANS | $13,307,358 | C |
| PERMANENT LOAN PARTICIPATIONS | $116,897,338 | C |
| LESS RESERVE FOR LOAN LOSSES | -$9,385,288 | C |
| INVESTMENT IN REAL ESTATE | $2,365,151 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $463,363,834 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO PARTICIPANTS | Desc |
| Amt | $4,857,183 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,857,183 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $77,978,916 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $31,507,673 | OtherRevenueAmt |
| Revenue Not Reported | $31,507,673 | RevenueNotReportedAmt |
| Revenue Subtotal | $46,471,243 | RevenueSubtotalAmt |
| Other Revenues Not Included | $8,156,914 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $8,156,914 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $54,628,157 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $58,832,818 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $9,499,919 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $9,499,919 | ExpensesNotReportedAmt |
| Expenses Subtotal | $49,332,899 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $49,332,899 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV, Line 2b: | AMONG ITS ACTIVITIES, THE CORPORATION MAKES CONSTRUCTION LOANS AND PERMANENT MORTGAGE LOANS TO BORROWERS FOR LOW AND MODERATE INCOME HOUSING. IN CONJUNCTION WITH THOSE LOANS, THE CORPORATION HOLDS BORROWER FUNDS IN ESCROW FOR THE PAYMENT OF REAL ESTATE TAXES, PROPERTY INSURANCE PREMIUMS, INSPECTION FEES, AND OTHER LOAN-RELATED ITEMS. IN ADDITION, THE CORPORATION HOLDS FUNDS BELONGING TO NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT AND CERTAIN OTHER GOVERNMENT AGENCIES, WHICH PARTICIPATE IN CERTAIN OF THE CORPORATION'S LOANS, FOR FUTURE LOAN ADVANCES TO BORROWERS ON BEHALF OF THOSE AGENCIES. AT JUNE 30, 2017, THE CORPORATION HELD APPROXIMATELY $168 MILLION OF BORROWER ESCROW FUNDS AND APPROXIMATELY $143 MILLION OF GOVERNMENT AGENCY FUNDS. |
| Part X, Line 2: | The Corporation uses a more-likely-than-not threshold for recognition and de-recognition of tax positions taken or to be taken in a tax return. In accordance with ASC 740, Income Taxes, the Corporation assessed its tax positions for all open tax years as of June 30, 2017, which are from July 1, 2013 through June 30, 2016. The Corporation concluded that it had no material uncertain tax positions to be recognized at this time. If there are interest and penalties on tax positions, the Corporation's policy is to classify these as other expenses. |
| Part XI, Line 2d - Other Adjustments: | INCOME OF NON-EXEMPT SUBSIDIARIES INCLUDED IN CONSOLIDATED AUDIT 31,543,050. RECLASS EQUITY LOSS ON UNCONSOLIDATED SUB -35,377. |
| Part XI, Line 4b - Other Adjustments: | DIVIDEND FROM NON-EXEMPT SUBSIDIARY 8,156,914. |
| Part XII, Line 2d - Other Adjustments: | EXPENSES OF NON-EXEMPT SUBSIDIARIES INCLUDED IN CONSOLIDATED AUDIT 9,535,296. RECLASS EQUITY LOSS ON UNCONSOLIDATED SUB -35,377. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (13 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| AMERICA SCORES NEW YORK | |||||||
| 520 8TH AVENUE | NEW YORK | NY | 10018 | 521955491 | 501(c)(3) | $8,000 | GENERAL SUPPORT |
| CITIZENS HOUSING & PLANNING COUNCIL OF NEW YORK INC | |||||||
| 42 BROADWAY | NEW YORK | NY | 10004 | 131782468 | 501(c)(3) | $16,000 | GENERAL SUPPORT |
| ENTERPRISE COMMUNITY PARTNERS INC | |||||||
| ONE WHITEHALL ST | NEW YORK | NY | 10004 | 521231931 | 501(c)(3) | $25,000 | GENERAL SUPPORT |
| NATIONAL ASSOCIATION OF AFFORDABLE HOUSING LENDERS | |||||||
| 1025 CONNECTICUT AVE NW | WASHINGTON | DC | 20036 | 521677752 | 501(c)(6) | $1,500 | GENERAL SUPPORT |
| NETWORK FOR GOOD | |||||||
| 1140 CONNECTICUT AVE NW | WASHINGTON | DC | 20036 | 680480736 | 501(c)(3) | $8,605 | GENERAL SUPPORT |
| DOWNTOWN NEW ROCHELLE BUSINESS IMPROVEMENT DISTRICT MGMT | |||||||
| 434 MAIN STREET | NEW ROCHELLE | NY | 10801 | 134089489 | 501(c)(4) | $15,000 | GENERAL SUPPORT |
| NEW YORK HOUSING CONFERENCE | |||||||
| 247 WEST 37TH ST | NEW YORK | NY | 10018 | 263846042 | 501(c)(3) | $15,000 | GENERAL SUPPORT |
| NY CHARITIES | |||||||
| 50 BROADWAY | NEW YORK | NY | 10004 | 050554058 | 501(c)(3) | $48,540 | GENERAL SUPPORT |
| NY THEOLOGICAL SEMINARY | |||||||
| 475 RIVERSIDE DRIVE | NEW YORK | NY | 10115 | 131628150 | 501(c)(3) | $6,000 | GENERAL SUPPORT |
| NYS ASSOCIATION FOR AFFORDABLE HOUSING | |||||||
| 242 W 36TH ST | NEW YORK | NY | 10018 | 134001946 | 501(c)(6) | $22,000 | GENERAL SUPPORT |
| RIDGEWOOD BUSHWICK SENIOR CITIZENS COUNCIL INC | |||||||
| 555 BUSHWICK AVE | BROOKLYN | NY | 11206 | 112453853 | 501(c)(3) | $10,000 | GENERAL SUPPORT |
| SAMARITAN DAYTOP FOUNDATION | |||||||
| 138-02 QUEENS BOULEVARD | BRIARWOOD | NY | 11435 | 112490500 | 501(c)(3) | $6,110 | GENERAL SUPPORT |
| SUPPORTIVE HOUSING NETWORK OF NEW YORK INC | |||||||
| 247 WEST 37TH ST | NEW YORK | NY | 10018 | 133755149 | 501(c)(3) | $9,000 | GENERAL SUPPORT |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The Corporation makes chartable contributions from its own funds from time to time to non-profits with which the Corporation collaborates in carrying out its tax-exempt purposes. Examples include the New York Housing Conference, the National Association of Affordable Housing Lenders, the Citizens Housing and Planning Council, among many others. The charitable contributions are relatively modest in amount, and help meet the operating budgets of the recipient organizations. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | 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 (37 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rafael E Cestero | ||||||||||||||
| President & CEO, Director | $272,470 | $146,715 | $292,500 | $157,500 | $12,344 | $6,647 | $22,393 | $12,058 | $14,822 | $7,981 | $614,529 | $330,901 | $0 | $0 |
| Richard A Kumro | ||||||||||||||
| EVP, Genl Counsel, Secy | $260,563 | $33,029 | $85,200 | $10,800 | $2,519 | $319 | $30,574 | $3,876 | $18,883 | $2,394 | $397,739 | $50,418 | $0 | $0 |
| David Rothberg | ||||||||||||||
| EVP, CFO & Treasurer | $233,665 | $17,642 | $123,431 | $9,319 | $17,256 | $1,303 | $32,032 | $2,418 | $22,639 | $1,709 | $429,023 | $32,391 | $0 | $0 |
| Sarah J Singman | ||||||||||||||
| Exec Vice President & COO | $276,074 | $14,530 | $169,813 | $8,938 | $24,765 | $1,303 | $32,728 | $1,723 | $24,570 | $1,293 | $527,950 | $27,787 | $0 | $0 |
| Carolyn Au | ||||||||||||||
| Senior Vice President | $264,969 | $0 | $112,000 | $0 | $1,358 | $0 | $26,500 | $0 | $17,513 | $0 | $422,340 | $0 | $0 | $0 |
| Wanda Chin | ||||||||||||||
| Senior Vice President | $174,903 | $0 | $72,800 | $0 | $26,967 | $0 | $16,449 | $0 | $24,363 | $0 | $315,482 | $0 | $0 | $0 |
| Richard P Conley | ||||||||||||||
| Senior Vice President | $224,174 | $0 | $57,100 | $0 | $20,671 | $0 | $32,288 | $0 | $24,927 | $0 | $359,160 | $0 | $0 | $0 |
| Jeffrey B Ely | ||||||||||||||
| Senior Vice President | $163,133 | $3,363 | $68,586 | $1,414 | $24,416 | $503 | $24,838 | $512 | $16,968 | $350 | $297,941 | $6,142 | $0 | $0 |
| Andrea D Gladstone | ||||||||||||||
| Senior Vice President | $176,181 | $0 | $50,000 | $0 | $6,244 | $0 | $22,383 | $0 | $22,803 | $0 | $277,611 | $0 | $0 | $0 |
| Thomas P McGrath | ||||||||||||||
| Senior Vice President | $211,518 | $19,019 | $82,529 | $7,421 | $25,442 | $2,288 | $31,152 | $2,801 | $12,930 | $1,163 | $363,571 | $32,692 | $0 | $0 |
| Douglas L Olcott | ||||||||||||||
| Senior Vice President | $164,589 | $0 | $76,960 | $0 | $25,492 | $0 | $25,506 | $0 | $25,554 | $0 | $318,101 | $0 | $0 | $0 |
| Nicholas V Petragnani Jr | ||||||||||||||
| Senior Vice President | $156,614 | $0 | $66,585 | $0 | $9,668 | $0 | $21,536 | $0 | $25,004 | $0 | $279,407 | $0 | $0 | $0 |
| Elizabeth Propp | ||||||||||||||
| Senior Vice President | $96,329 | $117,735 | $26,438 | $32,313 | $8,877 | $10,850 | $2,034 | $2,486 | $4,450 | $5,438 | $138,128 | $168,822 | $0 | $0 |
| Robert L Riggs | ||||||||||||||
| Senior Vice President | $191,619 | $0 | $53,638 | $0 | $18,693 | $0 | $28,345 | $0 | $26,560 | $0 | $318,855 | $0 | $0 | $0 |
| Michael A Skrebutenas | ||||||||||||||
| Senior Vice President | $165,218 | $0 | $34,000 | $0 | $23,007 | $0 | $25,337 | $0 | $25,554 | $0 | $273,116 | $0 | $0 | $0 |
| Eric B Bederman | ||||||||||||||
| Vice President | $115,509 | $0 | $18,200 | $0 | $16,110 | $0 | $1,688 | $0 | $750 | $0 | $152,257 | $0 | $0 | $0 |
| Stephanie C Canzani | ||||||||||||||
| Vice President | $98,886 | $0 | $20,000 | $0 | $8,622 | $0 | $15,035 | $0 | $26,809 | $0 | $169,352 | $0 | $0 | $0 |
| Melanie A Crocco | ||||||||||||||
| Vice President | $117,928 | $0 | $20,000 | $0 | $8,533 | $0 | $18,018 | $0 | $30,299 | $0 | $194,778 | $0 | $0 | $0 |
| Andrew J D'Agostino | ||||||||||||||
| Vice President | $99,195 | $0 | $23,169 | $0 | $12,363 | $0 | $15,343 | $0 | $25,044 | $0 | $175,114 | $0 | $0 | $0 |
| Jaime S DeMaso | ||||||||||||||
| Vice President | $130,271 | $6,856 | $42,750 | $2,250 | $17,391 | $915 | $20,014 | $1,053 | $23,630 | $1,244 | $234,056 | $12,318 | $0 | $0 |
| Lawrence G Hammond | ||||||||||||||
| Vice President | $135,354 | $0 | $40,000 | $0 | $25,466 | $0 | $2,962 | $0 | $26,064 | $0 | $229,846 | $0 | $0 | $0 |
| Lu Jin | ||||||||||||||
| Vice President | $67,644 | $77,112 | $17,290 | $19,710 | $8,893 | $10,137 | $10,230 | $11,662 | $8,589 | $9,791 | $112,646 | $128,412 | $0 | $0 |
| Susan C McClure | ||||||||||||||
| Vice President | $219,229 | $4,520 | $19,596 | $404 | $30,988 | $639 | $32,753 | $675 | $15,661 | $323 | $318,227 | $6,561 | $0 | $0 |
| James P Millard | ||||||||||||||
| Vice President | $144,972 | $0 | $36,130 | $0 | $10,620 | $0 | $21,212 | $0 | $8,410 | $0 | $221,344 | $0 | $0 | $0 |
| Matthew L Nelson | ||||||||||||||
| Vice President | $117,321 | $0 | $20,000 | $0 | $13,982 | $0 | $10,538 | $0 | $24,279 | $0 | $186,120 | $0 | $0 | $0 |
| Arthur R Phidd | ||||||||||||||
| Vice President | $167,591 | $3,455 | $44,581 | $919 | $12,216 | $252 | $1,960 | $40 | $19,377 | $400 | $245,725 | $5,066 | $0 | $0 |
| Helene S Rudolph | ||||||||||||||
| Vice President | $170,764 | $0 | $42,000 | $0 | $19,493 | $0 | $25,498 | $0 | $18,844 | $0 | $276,599 | $0 | $0 | $0 |
| Christopher L Schilling | ||||||||||||||
| Vice President | $120,117 | $0 | $25,000 | $0 | $8,517 | $0 | $2,500 | $0 | $10,736 | $0 | $166,870 | $0 | $0 | $0 |
| Mary Schouenborg-Paden | ||||||||||||||
| Vice President | $127,180 | $0 | $43,000 | $0 | $15,781 | $0 | $18,727 | $0 | $8,433 | $0 | $213,121 | $0 | $0 | $0 |
| Daniel J Wheeler | ||||||||||||||
| Vice President | $161,259 | $0 | $30,762 | $0 | $11,871 | $0 | $23,329 | $0 | $25,134 | $0 | $252,355 | $0 | $0 | $0 |
| Brenda Barnaby | ||||||||||||||
| Human Resources | $112,707 | $2,324 | $23,025 | $475 | $1,647 | $34 | $15,412 | $318 | $9,675 | $199 | $162,466 | $3,350 | $0 | $0 |
| George Chung | ||||||||||||||
| Associate Attorney | $127,138 | $0 | $20,000 | $0 | $13,688 | $0 | $18,395 | $0 | $8,291 | $0 | $187,512 | $0 | $0 | $0 |
| Andrew J Giglio | ||||||||||||||
| AVP Mortgage Officer | $0 | $0 | $98,973 | $0 | $20,000 | $0 | $11,106 | $0 | $29,391 | $0 | $159,470 | $0 | $0 | $0 |
| Erika N Lake | ||||||||||||||
| VP, CPCR | $26,926 | $80,777 | $5,448 | $16,345 | $1,904 | $123,986 | $3,986 | $11,958 | $2,329 | $6,986 | $40,593 | $240,052 | $0 | $0 |
| Leon Shnayder | ||||||||||||||
| Sr Network Admin | $142,660 | $2,941 | $21,556 | $444 | $277 | $6 | $15,312 | $316 | $28,036 | $578 | $207,841 | $4,285 | $0 | $0 |
| Daniel J Brandt | ||||||||||||||
| Former EVP, CFO & Treasurer | $145,543 | $5,310 | $109,227 | $3,985 | $303,653 | $11,079 | $3,618 | $132 | $8,502 | $310 | $570,543 | $20,816 | $0 | $0 |
| William A Burke | ||||||||||||||
| Former Senior Vice President | $77,337 | $0 | $0 | $0 | $108,582 | $0 | $1,414 | $0 | $38 | $0 | $187,371 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 4a | FormAndLineReferenceDesc |
| Explanation | SCHEDULE J, LINE 4A - SEVERANCE PAYMENTS: FROM THE FROM RELATED ORGANIZATION ORGANIZATION DANIEL J BRANDT 275,691 10,059 WILLIAM A BURKE 90,340 - ERICA N LAKE - 115,391 | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VARIOUS DIRECTORS | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | DIRECTORS | RelationshipDescriptionTxt |
| Transaction | SEVERAL OF THE CORPORATION'S DIRECTORS AT ANY GIVEN TIME ARE INCUMBENT SENIOR OFFICIALS OF FINANCIAL INSTITUTIONS THAT PROVIDE CREDIT TO, AND/OR HAVE TRANSACTIONS WITH THE CORPORATION IN THE ORDINARY COURSE OF BUSINESS, SUCH AS PURCHASING LOAN PARTICIPATIONS. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 4 | THE BY-LAWS WERE AMENDED EFFECTIVE 01/01/2017 TO ALLOW A LEAD INDEPENDENT DIRECTOR IN LIEU OF A CHAIRPERSON IF THE BOARD SO CHOOSES. |
| Form 990, Part VI, Section B, line 11b | PRIOR TO FILING, A DRAFT COPY OF FORM 990 WAS REVIEWED FOR COMPLETENESS AND ACCURACY BY MEMBERS OF THE CORPORATION'S MANAGMENT AND WAS ALSO SUPPLIED TO THE COMPENSATION COMMITTEE OF THE CORPORATION'S BOARD OF DIRECTORS FOR COMMENT. THE FINAL REVIEWED VERSION OF FORM 990 WAS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO THE FORM'S ELECTRONIC FILING. |
| Form 990, Part VI, Section B, line 12c | RESPONSES ARE REVIEWED BY THE ORGANIZATION'S INDEPENDENT AUDITORS AS PART OF THE ANNUAL FINANICAL AUDIT. |
| Form 990, Part VI, Section B, line 15 | Each year the corporation participates in market surveys relevant to both the Real Estate Financial Services industry and "general" industries, which includes the Not for Profit industry. The corporation then benchmarks its total compensation against a blend of peers in the Financial Services industries and the Not for Profit industry. The corporation's Compensation Committee, comprised of members of the Board of Directors, reviews and approves annually the recommended total compensation for the corporation's senior management and approves generally, the base compensation and bonus compensation totals for remainder of the corporation. The Compensation Committee's decisions are based on market data, business conditions and the overall competitive marketplace. The corporation's Board of Directors then reviews and approves all final compensation recommendations. |
| Form 990, Part VI, Section C, line 19 | THE CORPORATION'S CHARTER IS A PUBLIC DOCUMENT AVAILABLE FROM THE NEW YORK SECRETARY OF STATE. A SUMMARY OF THE CORPORATION'S AUDITED FINANCIAL STATEMENTS IS INCLUDED EACH YEAR IN THE CORPORATION'S ANNUAL REPORT, WHICH IS AVAILABLE ON THE CORPORATION'S WEBSITE, AND THE FULL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE CORPORATION'S BY-LAWS, CONFLICT OF INTEREST POLICY AND SIMILAR DOCUMENTS ARE NOT GENERALLY MADE AVAILABLE TO THE PUBLIC. |
| Form 990, Part XI, line 9: | EQUITY IN NON-EXEMPT SUBSIDIARIES 13,850,838. |
| Form 990, Part XII, Line 2c: | FORM 990, PART XI, LINE 2: THE CORPORATION HAS HAD NO CHANGE FROM THE PRIOR YEAR IN THE PROCESS FOR SELECTION OF AUDITOR OR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (20 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt |
|---|---|---|---|---|---|---|---|---|---|
| CPC REO LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
| CPC REO NJ LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
| CPC REO CT LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
| CPC Funding SPE 1 LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | $7,469,442 | $279,982,490 |
| CPC Funding SPE 2 LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | $6,845,700 | |
| CPC Funding SPE 3 LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
| CPC Community Capital Advisors LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
| CPC DISASTER RECOVERY LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | $2,352,295 | $68,367,207 |
| CCA Charlotte Square LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | $1,208,228 | |
| CCA 320 Sterling LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | $1,024,570 | |
| CCA Riverdale Osborne Towers LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | $3,582,500 | |
| CCA 270 St Nicholas LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
| Millbrook Nominee LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
| CPC Clinton Avenue HDFC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
| 10505 Beach Holdings LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
| 90035 Myrtle Holdings LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
| 10682 Henry Street Holdings LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
| 10799 Barmann Holdings LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
| 10756 Rose Street Holdings LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
| 10698 Conklin Street Holdings LLC | |||||||||
| 28 EAST 28TH STREET 9TH FLOOR | NEW YORK | NY | 10016 | 132792409 | TITLEHOLDER | NY | THE COMMUNITY PRESERVATION CORPORATION | ||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CPC RESOURCES INC | ||||||||||||
| 28 EAST 28TH STREET | NEW YORK | NY | 10016 | 133692436 | REAL ESTATE INVESTMENT TRUST | NY | THE COMMUNITY PRESERVATION CORPORATION | C | $5,986,383 | $142,595,759 | 1.00000 | Yes (1) |
| CPC TRS LLC | ||||||||||||
| 28 EAST 28TH STREET | NEW YORK | NY | 10016 | 470979800 | INVESTMENT, CONSULTING, REAL ESTATE DEVELOPMENT | NY | CPC RESOURCES INC | C | $919,533 | $1,634,663 | 1.00000 | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (1) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (7 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| CPC RESOURCES INC | ||
| A | $20,053 | CASH |
| CPC RESOURCES INC | ||
| F | $8,156,914 | CASH |
| CPC RESOURCES INC | ||
| J | $20,053 | CASH |
| CPC RESOURCES INC | ||
| N | $41,947 | CASH |
| CPC RESOURCES INC | ||
| O | $963,753 | CASH |
| CPC RESOURCES INC | ||
| Q | $1,025,753 | CASH |
| CPC RESOURCES INC | ||
| S | $6,642,103 | CASH |