GROW AMERICA FUND INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- GROW AMERICA FUND INC (EIN 13-3641265)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-15
- IRS object ID
- 201743199349313129
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-15T15:14:34-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221478099 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1301 AVENUE OF THE AMERICAS | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133641265 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grow America Fund inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GROW | BusinessNameControlTxt |
| Phone | 2126821106 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | one battery park plaza No 710 | AddressLine1Txt |
| City | new york | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Robert Davenport | PersonNm |
| Person Title | Chairman | PersonTitleTxt |
| Phone | 2126821106 | PhoneNum |
| Signature | 2017-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS LANNING | PreparerPersonNm |
| PTIN | P00851654 | PTIN |
| Phone | 2122970400 | PhoneNum |
| Preparation | 2017-11-14 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 209.3.217.20 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-11-14 | IPDt |
| IP Tm | 17:17:34 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 90CC17281F34CD083B051E620E31C1B2A26173FC | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Robert Davenport | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | one battery park plaza No 710 | AddressLine1Txt |
| City | new york | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $4,867,965 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.growamericafund.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1971 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | The Grow America Fund, Inc. ("GAF") has a primary mission to create economic opportunity, stimulate investment, and to encourage entrepreneurship in low-income communities by financing businesses and entrepreneurs that invest in those disadvantaged communities, and/or create jobs for low-income unemployed and under-employed individuals. GAF, a licensed U.S. SBA Small Business Lending Company, and U.S. Department of the Treasury certified Community Development Financial Institution, provides access to capital for business expansion structured with longer amortization terms and lower interest rates. These lending terms serve to decrease debt service costs and improve the borrower's operating cash flow, giving businesses a financial advantage that helps strengthen both the economic base of the business, and the community. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,869,756 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,139,172 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,555,325 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,608,558 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | -$41,825 | CYInvestmentIncomeAmt |
| PY Other Revenue | $11,745 | PYOtherRevenueAmt |
| CY Other Revenue | $70,235 | CYOtherRevenueAmt |
| PY Total Revenue | $4,436,826 | PYTotalRevenueAmt |
| CY Total Revenue | $4,776,140 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,554,654 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,545,356 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,994,909 | PYOtherExpensesAmt |
| CY Other Expenses | $2,465,454 | CYOtherExpensesAmt |
| PY Total Expenses | $5,549,563 | PYTotalExpensesAmt |
| CY Total Expenses | $5,010,810 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,112,737 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$234,670 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $64,917,551 | TotalAssetsBOYAmt |
| Total Assets EOY | $65,759,536 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $51,874,104 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $52,950,759 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $13,043,447 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $12,808,777 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | The Grow America Fund, Inc. ("GAF") has a primary mission to create economic opportunity, stimulate investment, and to encourage entrepreneurship in low-income communities by financing businesses and entrepreneurs that invest in those disadvantaged communities, and/or create jobs for low-income unemployed and under-employed individuals. GAF, a licensed U.S. SBA Small Business Lending Company, and U.S. Department of the Treasury certified Community Development Financial Institution, provides access to capital for business expansion structured with longer amortization terms and lower interest rates. These lending terms serve to decrease debt service costs and improve the borrower's operating cash flow, giving businesses a financial advantage that helps strengthen both the economic base of the business, and the community. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $4,024,250 | ExpenseAmt |
| Revenue | $2,636,968 | RevenueAmt |
| Desc | GAF provides longer term, lower interest rate small business loans that enable small businesses to create jobs, stimulate investment, and expand the entrepreneurial and small business base in low-income communities. GAF has assisted more than 580 small businesses owned by individuals previously lacking access to appropriately structured financing. Seventy-one percent of our loans have been made in CDFI-eligible Census Tracts or to minority borrowers. GAF not only provides loans with favorable below market terms but also provides individual business counseling at application and continuing through the entire term of the loan. Loans made through this program total over $225 million. Each loan is structured to fit the financing needs of the individual business and carry below market rates and terms. To assist the borrower, GAF caps closing costs and provides business counseling at no cost to the small businesses. GAF lends in distressed communities in an eleven state market where the poverty level is double the national average. Additionally, GAF operates its small business-lending program in five of the ten most distressed cities in America. Cleveland Ohio, Buffalo New York, Newark New Jersey, Cincinnati Ohio and San Bernardino California, have distress ratings ranging from 93.6 to 99.9 out of 100 according to the Economic Innovation Group Distressed Community Index. Businesses receiving financing from GAF have created and/or retained over 15,000 jobs, and 11,000 of those jobs are considered filled by low and moderate-income individuals. Over the past several years, GAF has received national recognition from a variety of institutions:- The U.S. Small Business Administration has acknowledged GAF as a mission based lender for carrying out our mission to make credit available to disadvantaged businesses and helping those businesses to succeed through our Technical Assistance. GAF is a SBA Preferred Lender. - In recognition of our work, the CDFI Fund awarded our loan fund more than $8 million in grants to carry out our mission.- JPMorgan Chase made a $7 million grant to a consortium of small business lenders working with disadvantaged businesses in low income communities in Chase's community reinvestment areas. GAF is a member of the lending consortium and received $2.3 million of the $7 million grant.- JP Morgan Chase, PNC Bank, Discover Bank, Bank of America, and Carver Bank support our efforts by making very low interest loans and grants available to us to carry out our mission in low-income communities and with disadvantaged businesses.- The Longwood foundation, Ford Foundation, Greater Tacoma Community Foundation and the Seattle Foundation made program related investments (PRIs) and grants to our small business loan fund totaling more than $4.5 million. Below are examples of disadvantaged businesses that GAF's small business loan fund has recently assisted:MedWheels: Created by Jane Gonzalez in 2005, Medwheels provides durable medical goods to clients living in the San Antonio, TX metropolitan area. The company is a preferred provider for Medicare, Medicaid, Wellcare, Humana, and Care Improvement Plus. Medwheels supplies its client's with wheel chairs, walkers, hospital beds, compression socks, oxygen tanks, catheters, mobile electric scooters and a dozen or so other products for use at home. GAF made two loans to Medwheels totaling $513,040. Using GAF financing saved the company nearly $1,700 a month or over $20,000 annually compared to conventional loans available in the market.Caf Campesino: Dina Torres had been operating Caf Campesino, in a kiosk rented from the city of Santa Cruz, CA since 2002. She also rented commercial kitchen space for food preparation since her kiosk lacked a full kitchen. Caf Campesino specialty is homemade food, using classic rustic recipes. They use mostly organic ingredients and have an eclectic, but old-style selection of Mexican/Spanish options. After many years of preparation and planning, Ms. Torres has achieved her dream of opening her own full service restaurant in Santa Cruz. Her new restaurant is located at 1116 Soquel Ave in Santa Cruz. With a $150,000 loan provided by GAF, Ms. Torres was able to buy the assets of an existing restaurant, improve the 1,900 sf space and pay for closing soft costs. Learning to Grow: Established in 2002, Learning to Grow is now operating out of two locations in Cleveland, OH and serves low-income families with a need for traditional and non- traditional childcare services. The company enjoyed a good banking relationships until 2014, when its commercial bank decided that they no longer wanted Learning to Grow as a borrower. This placed tremendous strain on the business and threatened to affect the low-income families that rely on the childcare services they provide. The Grow America Fund provided a $1,245,00 loan to refinance the banks debt while also providing an extra $30,000 in permanent working capital. Blue Haven: After successfully operating Panvimarn Thai Cuisine since 2009, the majority owner Paknavin (Joseph) Khemsap approached GAF for its help with opening a second location in downtown Long Beach CA. At the new entity named Blue Haven Thai Cuisine, owners JPaknavin (Joseph) Khemsap, Choe Jirattikanchote, Sararee (Blue) Jirattikanchote, utilize Joseph's grandmother's recipes to create an authentic Thai dining experience.GAF provided a loan of $535,000 to complete leasehold improvements and cover closing costs. GAF also coordinated its underwriting and loan approval with the City of Long Beach who provided a $300,000 EDA loan to purchase furniture, fixtures, and equipment and fund pre-construction costs, security deposits, opening inventory and start-up wages. US Traffic Control: Owned by Nicole Beringer, US Traffic Control Inc. (USTC) is a manufacturer, retailer, and rental provider of work zone safety equipment in the western upstate New York. In addition, the company provides flagger and safety crews for construction and utility work. It is a certified WBE and a disadvantaged owned business (DBE). The company outgrew its rental facility and needed GAF assistance to acquire a larger facility that will permit continued growth. In addition, GAF refinanced USTC existing high interest debts and helped it acquire new equipment and provided new long-term working capital. GAF made two loans to the company totaling $902,000. The loans were used to acquire a new building, refinance existing loans including a high interest short-term loan, purchase new machinery and equipment, and supply new working capital. Ventbike: Ventbike Tech LLC (VTL) is a full-service motorcyle, snowblower and generator repair shop. The business owner is Pedro Ventura and Ventbike is located in the South Bronx, New York. Mr. Ventura founded VTL in 2012 after working for 30 years in the motorcycle and small engine repair business. GAF provided a loan of $75,000 to refinance high interest rate debt thereby saving the company $1,500 a month or $18,000 annually.Meditrina: Created by Jennifer Gilroy in 2008, Meditrina is a fusion small plate restaurant that was located near the basketball arena in Salt Lake City. While that location allowed a small start-up with minimal initial investment capital an opportunity to grow and flourish, the business quickly outgrew its limited space. Meditrina is known for its imaginative small plates with bold and uniquely paired flavors, excellent service and an interesting dining atmosphere, and the popularity of the restaurant forced Jennifer to seek a new location.GAF helped the company move to a new location in Salt Lake City's Central 9th District. The new location is 2,700 square feet and seats approximately eighty-five guests inside and another twenty on the patio during warm months. GAF provided a $150,000 loan for tenant build-out and working capital. In addition, Salt Lake City provided a $50,000 subordinate loan that was used to purchase furniture, fixtures and equipment. Kru Partners: Kru, Inc., DBA Kru Contemporary Japanese Cuisine (Kru) is a four-star Japanese restaurant founded in 2005, providing a unique upscale casual Japanese inspired dining experience. The business outgrew their leased space and requested a loan from GAF to move to a larger location that would allow them to expand their food and beverage offerings to include additional menu items and a full bar and bottle shop. GAF provided a tenant improvement loan of $975,000 and an equipment loan of $250,000. All of the borrowers illustrated above were unable to secure loans from conventional lenders under similar terms and conditions. If GAF were unable to make the loans, each of the borrowers would have been unable to expand their businesses and create jobs. | Desc |
| Total Program Service Expenses | $4,024,250 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 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 | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | 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 | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| 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 | Daniel Choi | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2126821106 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | one battery park plaza suite 710 | AddressLine1Txt |
| City | new york | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| Angela Butler | |||||||
| BOARD MEMBER | 5.00 | 45.00 | Yes (X) | $0 | $150,892 | $35,890 | |
| Ann Vogt | |||||||
| Secretary/BOARDd Member | 1.65 | 53.35 | Yes (X) | $0 | $279,959 | $37,766 | Yes (X) |
| Daniel Marsh III | |||||||
| BOARD MEMBER | 1.10 | 48.90 | Yes (X) | $0 | $245,298 | $249,449 | |
| John Palyo | |||||||
| President/BOARd Member | 42.00 | 8.00 | Yes (X) | $0 | $210,777 | $49,885 | Yes (X) |
| Kevin Gremse | |||||||
| BOARD MEMBER | 1.00 | 49.00 | Yes (X) | $0 | $199,760 | $49,022 | |
| patricia thomson | |||||||
| BOARD MEMBER | 1.00 | 49.00 | Yes (X) | $0 | $206,401 | $101,661 | |
| Robert W Davenport | |||||||
| Chairman/BOARd Member | 2.85 | 54.15 | Yes (X) | $0 | $1,597,292 | $338,260 | Yes (X) |
| Stephanie Dugan | |||||||
| BOARD MEMBER | 1.00 | 49.00 | Yes (X) | $0 | $162,057 | $46,586 | |
| thomas jackson | |||||||
| BOARD MEMBER | 1.00 | 49.00 | Yes (X) | $0 | $166,280 | $50,616 | |
| Adam Ennis | |||||||
| cfO | 2.90 | 54.60 | $0 | $148,757 | $42,811 | Yes (X) | |
| Daniel Choi | |||||||
| CFO | 18.00 | 27.00 | $0 | $93,046 | $42,467 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $3,460,519 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,044,413 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Shallo Galluscio & Bianchi CPAs | |||||
| 21 North Seventh Street | hudson | NY | 12534 | Accounting SERVICES | $130,000 |
| CohnReznick LLP | |||||
| 1301 Avenue of the Americas | new york | NY | 10019 | Audit & TAX SERVICES | $118,888 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $421,250 | RelatedOrganizationsAmt |
| Government Grants | $854,656 | GovernmentGrantsAmt |
| All Other Contributions | $863,266 | AllOtherContributionsAmt |
| Total Contributions | $2,139,172 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Interest income | 523000 | $2,129,855 | $2,129,855 |
| Loan Service Fees | 523000 | $326,873 | $326,873 |
| Fee Income | 523000 | $77,892 | $77,892 |
| Premium on sale of loa | 523000 | $73,938 | $73,938 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,608,558 | TotalProgramServiceRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $50,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $91,825 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$41,825 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$41,825 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$41,825 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| late fees | 523000 | $53,427 | $53,427 |
| NYS Corporation tax re | 523000 | $16,808 | $16,808 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $70,235 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,776,140 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,636,968 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,860,319 | TotalAmt |
| Program Services | $1,494,455 | ProgramServicesAmt |
| Management And General | $365,864 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $219,230 | TotalAmt |
| Program Services | $165,937 | ProgramServicesAmt |
| Management And General | $53,293 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $465,807 | TotalAmt |
| Program Services | $352,573 | ProgramServicesAmt |
| Management And General | $113,234 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,240 | TotalAmt |
| Program Services | $152,240 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $298,888 | TotalAmt |
| Management And General | $298,888 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,750 | TotalAmt |
| Management And General | $7,750 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,673 | TotalAmt |
| Program Services | $51,565 | ProgramServicesAmt |
| Management And General | $15,108 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,775 | TotalAmt |
| Program Services | $128,984 | ProgramServicesAmt |
| Management And General | $37,791 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $313,135 | TotalAmt |
| Program Services | $288,600 | ProgramServicesAmt |
| Management And General | $24,535 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $807,965 | TotalAmt |
| Program Services | $807,965 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Provision for loan loss | $279,615 | $279,615 | |
| Project and other fees | $220,556 | $220,556 | |
| SBA examination fee | $48,242 | $48,242 | |
| Amortization | $34,041 | $34,041 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,574 | TotalAmt |
| Program Services | $47,719 | ProgramServicesAmt |
| Management And General | $21,855 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,010,810 | TotalAmt |
| Program Services | $4,024,250 | ProgramServicesAmt |
| Management And General | $986,560 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,405,053 | BOYAmt |
| EOY | $3,839,406 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,176 | BOYAmt |
| EOY | $96,413 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,268,308 | BOYAmt |
| EOY | $350,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,292 | BOYAmt |
| EOY | $25,688 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,152,139 | BOYAmt |
| EOY | $55,406,761 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $387,647 | BOYAmt |
| EOY | $432,527 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,507,936 | BOYAmt |
| EOY | $5,608,741 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,917,551 | BOYAmt |
| EOY | $65,759,536 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $856,776 | BOYAmt |
| EOY | $1,143,527 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,859,398 | BOYAmt |
| EOY | $30,163,117 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,157,930 | BOYAmt |
| EOY | $21,644,115 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,874,104 | BOYAmt |
| EOY | $52,950,759 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,000,908 | BOYAmt |
| EOY | $2,062,672 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,042,539 | BOYAmt |
| EOY | $10,746,105 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,043,447 | BOYAmt |
| EOY | $12,808,777 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,917,551 | BOYAmt |
| EOY | $65,759,536 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$234,670 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,905,969 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,657,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,971,172 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,869,756 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,139,172 | CurrentTaxYearAmt |
| Total | $10,543,069 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,942,476 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,561,901 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,070,027 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,555,325 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,608,558 | CurrentTaxYearAmt |
| Total | $20,738,287 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,848,445 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,218,901 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,041,199 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,425,081 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,747,730 | CurrentTaxYearAmt |
| Total | $31,281,356 | 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) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $31,281,356 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,616 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,741 | CurrentTaxYearMinus3YearsAmt |
| Total | $11,357 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,616 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,741 | CurrentTaxYearMinus3YearsAmt |
| Total | $11,357 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $11,745 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $70,235 | CurrentTaxYearAmt |
| Total | $81,980 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,858,061 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,220,642 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,041,199 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,436,826 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,817,965 | CurrentTaxYearAmt |
| Total | $31,374,693 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99700 | PublicSupportCY509Pct |
| Investment Income CY | 0.00040 | InvestmentIncomeCYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part III, Line 12, Explanation of Other Income: | FormAndLineReferenceDesc |
| Explanation | late fees - 2015 Amount: $ 11,745. 2016 Amount: $ 53,427. NYS Corporation Tax Refund - 2016 Amount: $ 16,808. | ExplanationTxt |
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 D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Program Loan Receivables | Desc |
| Book Value | $55,406,761 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $55,406,761 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Restricted deposits | $4,488,328 |
| Escrow held for borrowers and other amounts due from borrowers | $887,612 |
| Interest receivable | $232,801 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $5,608,741 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Client investment liabilities | $11,976,938 |
| Due to related entities | $9,667,177 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $21,644,115 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $3,688,560 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$1,087,580 | OtherRevenueAmt |
| Revenue Not Reported | -$1,087,580 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,776,140 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $4,776,140 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,923,230 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,923,230 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,087,580 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,087,580 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $5,010,810 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X, Line 2: | The Organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Tax positions include the tax-exempt status of the Organization, among others. There were no uncertain tax positions identified or recorded as liabilities for the year ended December 31, 2016. The Organization files Form 990s, Return of Organization Exempt from Income Tax, with the Internal Revenue Service annually. At December 31, 2016, the Organization's Form 990s for the years ended 2013 through 2016 remain eligible for examination by the IRS. |
| Part XI, Line 2d - Other Adjustments: | loan expenses -1,087,580. |
| Part XII, Line 4b - Other Adjustments: | loan expenses 1,087,580. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | 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 (10 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Angela Butler | ||||||||||||||
| BOARD MEMBER | $0 | $150,532 | $0 | $0 | $0 | $360 | $0 | $13,450 | $0 | $22,440 | $0 | $186,782 | $0 | $0 |
| Ann Vogt | ||||||||||||||
| Secretary/BOARDd Member | $0 | $278,375 | $0 | $0 | $0 | $1,584 | $0 | $20,415 | $0 | $17,351 | $0 | $317,725 | $0 | $0 |
| Daniel Marsh III | ||||||||||||||
| BOARD MEMBER | $0 | $242,250 | $0 | $0 | $0 | $3,048 | $0 | $214,049 | $0 | $35,400 | $0 | $494,747 | $0 | $0 |
| John Palyo | ||||||||||||||
| President/BOARd Member | $0 | $210,417 | $0 | $0 | $0 | $360 | $0 | $13,984 | $0 | $35,901 | $0 | $260,662 | $0 | $0 |
| Kevin Gremse | ||||||||||||||
| BOARD MEMBER | $0 | $199,208 | $0 | $0 | $0 | $552 | $0 | $13,996 | $0 | $35,026 | $0 | $248,782 | $0 | $0 |
| patricia thomson | ||||||||||||||
| BOARD MEMBER | $0 | $203,353 | $0 | $0 | $0 | $3,048 | $0 | $67,065 | $0 | $34,596 | $0 | $308,062 | $0 | $0 |
| Robert W Davenport | ||||||||||||||
| Chairman/BOARd Member | $0 | $470,438 | $0 | $0 | $0 | $1,126,854 | $0 | $320,565 | $0 | $17,695 | $0 | $1,935,552 | $0 | $1,125,000 |
| Stephanie Dugan | ||||||||||||||
| BOARD MEMBER | $0 | $161,025 | $0 | $0 | $0 | $1,032 | $0 | $11,873 | $0 | $34,713 | $0 | $208,643 | $0 | $0 |
| thomas jackson | ||||||||||||||
| BOARD MEMBER | $0 | $165,248 | $0 | $0 | $0 | $1,032 | $0 | $15,464 | $0 | $35,152 | $0 | $216,896 | $0 | $0 |
| Adam Ennis | ||||||||||||||
| cfO | $0 | $148,541 | $0 | $0 | $0 | $216 | $0 | $7,305 | $0 | $35,506 | $0 | $191,568 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 4b | CERTAIN SENIOR MANAGEMENT OFFICIALS PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. THERE WERE NO CONTRIBUTIONS DURING THE YEAR. During 2016 Robert Davenport received a distribution from a SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, this amount was included in his w-2 and reported on Schedule J, Part II, Column (iii). |
| SCHEDULE J PART II, Column C: | AMOUNTS IN COLUMN C INCLUDE THE ALLOCATED EXPENSE FOR THE DEFINED BENEFIT PLAN. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 6 | THE NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT, INC D/B/A THE NATIONAL DEVELOPMENT COUNCIL IS THE SOLE MEMBER OF GROW AMERICA FUND, INC. |
| Form 990, Part VI, Section A, line 7a | THE NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT, INC D/B/A THE NATIONAL DEVELOPMENT COUNCIL aS THE SOLE MEMBER IT HAS THE RIGHT TO ELECT THE DIRECTORS OF THE CORPORATION. |
| 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 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 THE GROW AMERICA FUND, INC. ("GAF") BOARD OF DIRECTORS AND EXECUTIVE EMPLOYEES ARE REQUIRED TO ANNUALLY 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. THE CHAIRPERSON OF THE BOARD WILL UPON NOTIFICATION OF SUCH AN EVENT 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 CONFLICT OF INTEREST AND COMPENSATION GUIDELINES, ACKNOWLEDGE THAT THEY SHARE THE RESPONSIBILITY OF GAF TO REMAIN FAITHFUL TO THE ORGANIZATION'S CHARITABLE PURPOSES. |
| Form 990, Part VI, Section C, line 19 | THE DOCUMENTS ARE AVAILABLE BY REQUEST. |
| form 990, part xii, line 2c | the process has not changes from the prior year. |
| form 990, Part IX, Lines 7-9: | THE AMOUNTS REPORTED ON LINES 7-9 RELATED TO EXPENSES PAID BY THE PARENT COMPANY (NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT EIN 13-6532871) AND ALLOCATED TO THE ORGANIZATION. |
| Part VI, 1B: | ALl of the organization's board members work for the parent organization national council for community development. While none are independent the independent board of directors of the parent oversees the organization's operations and actions. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION-GROUP RETURN | |||||||||||
| one battery park plaza suite 710 | New york | NY | 10004 | 911884698 | Assist Gov/Housing | VA | 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 | |
| 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 | |
| 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 | NY | 501(c)(3) | Line 10 | 0 | N/A | |
| 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 | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|
| 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 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| 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 | economic development | 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 |
| Community Development Group III INC | |||||||||
| one battery park plaza suite 710 | New York | NY | 10004 | 203673695 | economic development | NY | N/A | C | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | 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 | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |