NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION (EIN 11-2933129)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-15
- IRS object ID
- 201703199349312985
- 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 | 2017-11-15T15:13:24-06:00 | 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 | 112933129 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NDC HOUSING & ECONOMIC DEVELOPMENT | BusinessNameLine1Txt |
| Business Name Line2 | corporation | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NDCH | 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 W 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 | 17:25:29 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 60BF0225ED9631091DB686CFA622195BA7284DF5 | 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 | Robert W 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 | $10,690,359 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | n/a | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1988 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | NDC Housing and Economic Development Corporation was organized for the following charitable purposes: to construct new and support existing safe and adequate low-income housing for disadvantaged persons; thereby assisting generally in the alleviation of housing shortages throughout the United States; to stimulate economic development in economically distressed areas of the country; and to assist in the erection and maintenance of public buildings, monuments or facilities; to lessen the burdens of governments; and to promote social welfare. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 13 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,381,174 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,715,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,278,752 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $8,711,376 | CYProgramServiceRevenueAmt |
| PY Investment Income | $37,250 | PYInvestmentIncomeAmt |
| CY Investment Income | $84,615 | CYInvestmentIncomeAmt |
| PY Other Revenue | $330,266 | PYOtherRevenueAmt |
| CY Other Revenue | $179,368 | CYOtherRevenueAmt |
| PY Total Revenue | $7,027,442 | PYTotalRevenueAmt |
| CY Total Revenue | $10,690,359 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $871,864 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,108,247 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,890,679 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,258,320 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,317,832 | PYOtherExpensesAmt |
| CY Other Expenses | $2,337,754 | CYOtherExpensesAmt |
| PY Total Expenses | $6,080,375 | PYTotalExpensesAmt |
| CY Total Expenses | $9,704,321 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $947,067 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $986,038 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $13,877,566 | TotalAssetsBOYAmt |
| Total Assets EOY | $17,430,967 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,747,803 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,315,166 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,129,763 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $13,115,801 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE FOLLOWING CHARITABLE PURPOSES:a. to construct new low income housing and to develop, manage, operate, promote, fund, and support existing low income housing for persons of limited financial means, handicapped persons, elderly persons, and other persons in need of safe adequate affordable housing and to assist generally in the alleviation of housing shortages throughout the US.b. to assist in the erection and maintenance of public buildings, monuments, facilities, or works; to lessen the burdens of government; and to promote social welfare. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $6,436,786 | ExpenseAmt |
| Grant | $4,108,247 | GrantAmt |
| Revenue | $7,409,334 | RevenueAmt |
| Desc | TO CONSTRUCT NEW LOW INCOME HOUSING AND TO DEVELOP, MANAGE, OPERATE, PROMOTE, FUND, AND SUPPORT EXISTING LOW INCOME HOUSING FOR PERSONS OF LIMITED FINANCIAL MEANS, HANDICAPPED PERSONS, ELDERLY PERSONS, AND OTHER PERSONS IN NEED OF SAFE ADEQUATE AFFORDABLE HOUSING AND TO ASSIST GENERALLY IN THE ALLEVIATION OF HOUSING SHORTAGES THROUGHOUT THE US. LOW INCOME HOUSING: HEDC IS A NATIONAL LEADER IN LOW INCOME HOUSING THROUGH BOTH DEVELOPMENT AND INVESTMENT. WORKING IN PARTNERSHIP WITH NONPROFIT ORGANIZATIONS AND SERVICE PROVIDERS AROUND THE NATION, HEDC HAS DEVELOPED, FINANCED, OPERATED, AND/OR MANAGED A TOTAL OF 9,000 UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE LOW INCOME HOUSING TOTALING $1.5 BILLION OF INVESTMENT IN LOW INCOME COMMUNITIES IN 30 STATES ACROSS THE NATION. In 2016 through our low income housing development and investment activities, HEDC constructed or renovated 194 units of quality, safe, adequate, and affordable housing for low income persons and families, the elderly, and people with special needs. Investment and development activities totaled $23 million. The following is a sampling of HEDC affordable housing projects completed in 2016:Lincoln Senior Housing Caliente, Panaca and Pioche, NVThis acquisition/rehabilitation of 52 units in these historic and colorful communities in rural Lincoln County, Nevada provides affordable housing for seniors at 30, 40 and 50% AMI. Lincoln Senior is one of only two affordable housing properties in 10,000-plus square mile Lincoln County. All units have project based RD rental assistance. Renovations provided for extensive upgrades to the units as well as energy efficiency measures including state of the art heat pumps, a solar installation and water saving xeriscaping. Financing includes USDA 515 and 538 loans, HOME funds, LIHTC equity and renewable energy Investment Tax Credits.Mast Landing Dover, NHMast Landing is located in southeastern New Hampshire, a few miles northwest of Portsmouth and 55 miles from downtown Boston. The project is providing 52 units of affordable senior housing on a site in a newly developing area well-suited for senior housing. Services including meals, medication reminders, housekeeping and assistance in other activities are being made available to the residents by an outside provider, Abundant Blessings Homecare. "Assisted living" is intended for seniors who need some assistance in the activities of daily life but do not need to be in a health care facility. The project received allocations of both 4% and 9% Low Income Housing Tax Credits, and the New Hampshire Housing Finance Agency holds the first mortgage under its FHA Risksharing program. The sponsor, a long-established non-profit based in Portland, continues its mission to house the elderly.Carlson Crossing St Joseph, MNThis 36-unit townhome project, built in 1982 and located in a steadily growing suburb of St. Cloud, was rehabilitated by one of the state's most successful non-profit developers and development teams. Rents are restricted at 50% and units are covered by a project-based Section 8 contract. The renovation included improvements to the site and to building exteriors and unit interiors, ensuring that this family project would continue to provide safe, affordable and attractive housing for the community. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,098,995 | ExpenseAmt |
| Revenue | $1,286,808 | RevenueAmt |
| Desc | TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS, FACILITIES, OR WORKS TO LESSEN THE BURDEN OF GOVERNMENT AND TO PROMOTE SOCIAL WELFARE LESSENING THE BURDENS OF GOVERNMENT: HEDC ALSO PARTNERS WITH UNITS OF LOCAL GOVERNMENT TO ERECT AND MAINTAIN PUBLIC BUILDINGS, MONUMENTS, FACILITIES, AND WORKS TO LESSEN THE BURDENS OF GOVERNMENT AND TO PROMOTE SOCIAL WELFARE. IN TOTAL, HEDC HAS DEVELOPED AND FINANCED MORE THAN THIRTY PROPERTIES COSTING MORE THAN $2 BILLION ON BEHALF OF LOCAL GOVERNMENT INCLUDING PUBLIC BUILDINGS AND CITY HALLS, EDUCATIONAL AND MEDICAL RESEARCH FACILITIES, STUDENT HOUSING, AND PUBLIC INFRASTRUCTURE.DURING 2016, HEDC UNDERTOOK THE FOLLOWING PROJECTS UNDER THE MISSION OF LESSENING THE BURDENS OF GOVERNMENT. WASHINGTON BIOMEDICAL RESEARCH PROPERTIES SEATTLE, WAIN 2004 UNIVERSITY OF WASHINGTON SCHOOL OF MEDICINE BEGAN RENOVATING THEIR EXISTING BROTMAN BUILDING INTO A STATE-OF-THE-ART BIOMEDICAL RESEARCH FACILITY. THE UNIVERSITY WAS CHALLENGED TO DELIVER THE PROJECT IN A TIMELY AND EFFICIENT MANNER AND ASKED HEDC TO ASSIST BY UNDERTAKING THE MULTI-PHASE PROJECT ON THEIR BEHALF. THE THIRD PHASE IN UW MEDICINE'S SOUTH LAKE UNION CAMPUS CONSISTS OF THREE PHASES. PHASE 3.1 BROKE GROUND IN SUMMER 2011 AND WAS COMPLETED IN 2013. IT INCLUDES THE CONSTRUCTION OF A 138,000 SQUARE-FOOT RESEARCH LABORATORY BUILDING DIRECTLY ACROSS THE STREET FROM THE FIRST AND SECOND PHASES OF THE SOUTH LAKE UNION CAMPUS. THE CURRENT PROPOSED PROJECT IS WASHINGTON BIOMEDICAL RESEARCH PROPERTIES 3.2 (WBRP 3.2). WBRP 3.2 WILL BE AN EIGHT-STORY, APPROXIMATELY 157,000 SF BIOMEDICAL FACILITY THAT WILL BE CONSTRUCTED OVER THE FOUNDATION AND PARKING FROM WBRF 3. TOTAL PROJECT COSTS ARE CURRENTLY ESTIMATED AT $143 MM. THE FINANCING FOR PHASE 3.2 CLOSED IN 2015 AND THE PROJECT BROKE GROUND. WHEN COMPLETED, PHASES I, II, AND III WOULD PROVIDE OVER 800,000 GSF OF RESEARCH AND OFFICE SPACE IN SUPPORT OF SCHOOL OF MEDICINE RESEARCH PROGRAMS.SCRANTON PARKING FACILITIES - SCRANTON, PAHEDC WAS REQUESTED BY THE CITY OF SCRANTON TO NEGOTIATE A LONG-TERM CONCESSION/LEASE FOR THE CITY OF SCRANTON PARKING SYSTEM, WHICH INCLUDED: 1) FIVE PARKING GARAGES CONTAINING 2659 SPACES AND APPROXIMATELY 36,000 SF OF RETAIL; 2) 1479 METERED PARKING SPACES; AND 3) 550 PUBLICALLY-LEASED PARKING SPACES. HEDC WORKING WITH THE CITY OF SCRANTON SUCCESSFULLY NEGOTIATED THE LEASE AND WILL BE RESPONSIBLE FOR THE LEASE, OPERATION, MAINTENANCE AND CAPITAL REPAIR OF THE ENTIRETY OF THE PUBLIC PARKING SYSTEM FOR FORTY YEARS THROUGH ONE OF ITS' SUBSIDIARY CORPORATIONS. THE CONSIDERATION AMOUNT GENERATED BY A CONCESSIONAIRE/LEASE AGREEMENT IS BEING USED BY THE CITY, IN COMBINATION WITH PROCEEDS FROM A GENERAL OBLIGATION ISSUANCE, TO DEFEASE OR REDEEM ALL OUTSTANDING DEBT ASSOCIATED WITH THE PARKING AUTHORITY. THIS WILL FREE THE CITY OF THE ON-GOING LIABILITY AND FREE MUNICIPAL REVENUES FOR OTHER CRITICAL NEEDS AND OBLIGATIONS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $688,157 | ExpenseAmt |
| Revenue | $194,602 | RevenueAmt |
| Desc | TO INITIATE AND CARRY OUT ACTIVITIES TO STIMULATE ECONOMIC DEVELOPMENT IN THE ECONOMICALLY DEPRESSED AREAS OF THE US. IN PARTICULAR, TO UNDERTAKE ACTIVITIES THAT:- RELIEVE POVERTY AND LESSEN NEIGHBORHOOD TENSION CAUSED BY A LACK OF JOBS IN DETERIORATED AND DEPRESSED AREAS BY PROVIDING TRAINING OPPORTUNITIES FOR THE UNEMPLOYED AND CREATING JOB OPPORTUNITIES FOR DISADVANTAGED GROUPS.- COMBAT COMMUNITY DETERIORATION AND ELIMINATE BLIGHT BY UNDERTAKING ACTIVITIES THAT STIMULATE THE ESTABLISHMENT OF NEW BUSINESSES AMONG DISADVANTAGED GROUPS AND WHICH REHABILITATE AND REVIVE EXISTING BUSINESSES OPERATED BY DISADVANTAGED GROUPS.STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED AREAS - HEDC WORKS WITH NONPROFIT ORGANIZATIONS AND SERVICE PROVIDERS AND UNITS OF LOCAL GOVERNMENT TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED NEIGHBORHOODS ACROSS THE NATION. WORKING THROUGH THE NEW MARKETS TAX CREDIT PROGRAM AND WITH OTHER FINANCING, HEDC CREATES EMPLOYMENT AND ENTREPRENEURIAL OPPORTUNITIES FOR DISADVANTAGED GROUPS AND INDIVIDUALS, COMBATS COMMUNITY DETERIORATION, AND ELIMINATES SLUM AND BLIGHT THROUGH NEW INVESTMENT IN LOW INCOME COMMUNITIES TO REHABILITATE AND REVITALIZE NEIGHBORHOODS. UNDER THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM, HEDC HAS SPONSORED 86 PROJECTS TOTALING OVER $1.7 BILLION OF NEW INVESTMENT, CREATED OVER 8,600 PERMANENT JOBS FOR DISADVANTAGED INDIVIDUALS, AND BROUGHT BADLY NEEDED GOODS AND SERVICES TO LOW INCOME COMMUNITIES.HIGHLIGHTS OF HEDC PROJECTS THAT COMPLETED IN 2016 INCLUDED:ROSWELL PARK CANCER INSTITUTE - BUFFALO, NYROSWELL PARK CANCER INSTITUTE (RPCI), IS AMERICA'S FIRST CANCER CENTER FOUNDED IN 1898 BY DR. ROSWELL PARK. THE NON-PROFIT INSTITUTE HAS BEEN PROVIDING HOSPITAL CARE TO A MEDICALLY UNDERSERVED AREA IN BUFFALO, NY FOR OVER 100 YEARS. IN 2016, WITH THE ASSISTANCE OF THE NDC AND THE NMTC PROGRAM, RPCI COMPLETED A 140,000 SQUARE FOOT CLINICAL SCIENCE CENTER (CSC) BUILDING ON ITS CAMPUS. THE 11-STORY CSC BUILDING CONNECTS THE MAIN HOSPITAL TO A NEW RESEARCH CENTER AND EXPANDS THE INSTITUTE'S CANCER PREVENTION PROGRAM SPACE BY 100%. BENEFITS INCLUDE SPACE FOR ADMINISTRATIVE OFFICES PREVIOUSLY HELD IN THE MAIN HOSPITAL AND SPACE FOR UP TO 10,000 ADDITIONAL COMMUNITY MAMMOGRAM SCREENINGS TO BE PERFORMED EACH YEAR. THE INSTITUTE IS WORKING WITH SEVERAL AREA NONPROFIT AND GOVERNMENTAL ORGANIZATIONS TO RECRUIT LOW-INCOME EMPLOYEES TO FILL JOBS CREATED BY THE PROJECT. WEBPAGEFX HARRISBURG , PA IN 2016, HEDC UNDER THE NMTC PROGRAM ASSISTED WEBPAGEFX A FULL-SERVICE DIGITAL MARKETING AGENCY THAT WAS EXPERIENCING RAPID CLIENT AND EMPLOYEE GROWTH WHICH RESULTED IN IT OUTGROWING ITS CURRENT LEASED SPACE, IN ACQUIRING AND RENOVATING A NEIGHBORING OFFICE STRUCTURE BUILT IN THE 1960S. THE PROJECT CREATED 9 CONSTRUCTION FTES AND IS PROJECTED TO CREATE 100 FTES OVER A FIVE-YEAR PERIOD. 103 FTES WERE RETAINED. THE PROJECT IS PROJECTED TO PROVIDE COMMUNITY WEB SOFTWARE PROGRAMMING TRAINING 30-50 INDIVIDUALS PER MONTH AND COMMUNITY INTERNET MARKETING TRAINING 35-60 INDIVIDUALS PER QUARTER. CAPITAL ACCESS FUND THE CAPITAL ACCESS FUND (CAF) IS A STRATEGIC ALLIANCE OF CILF AND THE NATIONAL URBAN LEAGUE TO CREATE ACCESS TO CAPITAL FOR MINORITY COMMUNITIES WHO FACE THESE BARRIERS TO ECONOMIC OPPORTUNITY AND PARTICIPATION IN THE AMERICAN ECONOMY. BUILT UPON A BASE OF FLEXIBLE PATIENT CAPITAL WITH AFFORDABLE INTEREST RATES AND SOUND TECHNICAL ASSISTANCE AND BUSINESS SUPPORT SERVICES, CAF NURTURES MINORITY BUSINESSES INTO SUCCESSFUL BUSINESSES. MANY STUDIES HAVE DOCUMENTED THAT MINORITY OWNED SMALL BUSINESSES EXPERIENCE HIGHER LOAN DENIAL RATES AND PAY HIGHER INTEREST RATES THAN WHITE-OWNED BUSINESSES EVEN AFTER CONTROLLING FOR DIFFERENCES IN CREDITWORTHINESS. BECAUSE OF THESE DENIAL RATES, MINORITY OWNED BUSINESS MUST RELY MORE UPON OWNER'S EQUITY AND LESS ON BANK DEBT. YET, THESE MINORITY BUSINESSES HAVE LESS EQUITY BECAUSE THEIR WEALTH BASE IS SMALLER. AS A RESULT, MINORITY SMALL BUSINESSES LAUNCH WITH LESS TOTAL CAPITALIZATION THAN CONVENTIONAL BUSINESSES. WITH INADEQUATE CAPITALIZATION, THESE BUSINESSES SUFFER A HIGHER FAILURE RATE THAN WHITE-OWNED BUSINESSES. FOR EXAMPLE, WAVERLY WILLIS WAS HOMELESS IN PART AS A RESULT OF THE GREAT RECESSION. STRUGGLING TO GET BACK ON HIS FEET, WAVERLY BEGAN CUTTING HAIR TO EARN A LIVING. HE STARTED WORKING WITH THE URBAN LEAGUE OF GREATER CLEVELAND WHO MENTORED HIM THROUGH THEIR ENTREPRENEURSHIP CENTER. HOWEVER, WAVERLY COULD NOT QUALIFY FOR BANK DEBT TO SUPPORT AND EXPAND HIS FLEDGLING BUSINESS. THROUGH THE CAPITAL ACCESS FUND, CILF STRUCTURED EXPANSION FINANCING THAT PERMITTED WAVERLY TO ACQUIRE THE NEARLY VACANT BUILDING HE RENTED IN A LOW-INCOME NEIGHBORHOOD, RENOVATE IT, AND EXPAND HIS BUSINESSES. TODAY, WAVERLY HAS SIX BARBER CHAIRS, PROVIDING EMPLOYMENT FOR OTHER LOW-INCOME COMMUNITY RESIDENTS, AND IS RENOVATING THE STOREFRONT NEXT TO HIM INTO A BEAUTY PARLOR. THE CAFGC A JOINT INITIATIVE OF NDC AND THE NATIONAL URBAN LEAGUE RECOGNIZES CILF AS ITS PRIMARY LENDING TOOL TO MAKE LOANS TO MINORITY ENTREPRENEURS. IN 2016, CILF HEDC'S NEWLY CERTIFIED CDFI, PROVIDED SIX LOANS TOTALING $150,500 TO SMALL MINORITY ENTREPRENEURS AS PART OF THE CAPITAL ACCESS FUND OF GREATER CLEVELAND (CAFGC).NDC COMMUNITY DEVELOPMENT LOAN FUND (NDC CILF) NDC CAPITAL ACCESS FUND IN 2016, ONE OF HEDC'S SUBORDINATE ENTITIES, NDC COMMUNITY DEVELOPMENT LOAN FUND (NDC CILF) BECAME A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION. NDC CILF'S PRIMARY MISSION FOLLOWS HEDC'S MISSION. NDC CILF'S SMALL BUSINESS LOANS ARE BEING MADE TO SMALL BUSINESSES THAT OTHERWISE LACK ACCESS TO CREDIT AND CAPITAL, AND THEY CREATE JOBS FOR LOW INCOME RESIDENTS OF COMMUNITY NEIGHBORHOODS. THESE BUSINESSES ALSO CREATE WEALTH IN THE COMMUNITY FOR THE BUSINESS OWNERS. MOST OF THE SMALL BUSINESS LOANS ARE MADE TO BUSINESSES WHO ARE NOT ELIGIBLE FOR SBA FINANCING DUE TO WEAKER CREDIT, LACK OF BUSINESS AND/OR CREDIT HISTORY, OR INABILITY TO MEET REGULATORY REQUIREMENTS. APPLICANTS WILL BE SMALL BUSINESS OWNERS OR INDIVIDUALS STARTING A SMALL BUSINESS. THE MAJORITY OF THE BUSINESSES WILL BE LOCATED IN LOW INCOME COMMUNITIES OR THE BUSINESSES WILL BE OWNED BY MINORITY INDIVIDUALS.NDC CILF'S COMMUNITY FACILITY LOANS ARE BEING MADE TO ORGANIZATIONS THAT PROVIDE SERVICES PRIMARILY TO LOW INCOME COMMUNITY RESIDENTS. THE TYPES OF FACILITIES THAT WILL BE FINANCED INCLUDE CHILD CARE FACILITIES, HEALTH CARE FACILITIES, SOCIAL SERVICE AGENCIES, YOUTH ORGANIZATIONS, LIKE BOYS AND GIRLS CLUBS AND OTHER ORGANIZATIONS THAT SERVE LOW INCOME AND SPECIAL NEEDS POPULATIONS. THE APPLICANTS WILL BE NON-PROFIT ORGANIZATIONS PROVIDING THE SOCIAL SERVICES OR DEVELOPERS PROVIDING THE FACILITIES FOR THESE NON-PROFIT ORGANIZATIONS.NDC CILF WILL ALSO MAKE LOANS TO ORGANIZATIONS DEVELOPING AFFORDABLE HOUSING. THE HOUSING WILL SERVE INDIVIDUALS AND FAMILIES AT 80% OF AREA MEDIAN INCOME OR LESS, EITHER THROUGH HOMEOWNERSHIP OR THROUGH DEVELOPMENT OR RENOVATION OF AFFORDABLE RENTAL HOUSING. THE APPLICANTS WILL BE AFFORDABLE HOUSING DEVELOPERS, BOTH NONPROFIT AND FOR PROFIT.NDC CILF WILL ALSO MAKE REAL ESTATE LOANS FOR PROJECTS BEING CONSTRUCTED OR RENOVATED IN LOW INCOME NEIGHBORHOODS. IN MANY OF THE COMMUNITIES WHERE NDC WORKS, DEVELOPERS ARE UNABLE TO FIND COMMERCIAL LOANS FOR DEVELOPMENTS IN REDEVELOPMENT AREAS AND OTHER LOW INCOME COMMUNITIES. IN THESE AREAS, DEVELOPMENT COSTS ARE HIGHER THAN APPRAISED VALUE AND COMMERCIAL LENDERS ARE UNABLE TO PROVIDE SUFFICIENT CAPITAL TO DEVELOPERS TO ALLOW DEVELOPMENT TO PROGRESS. IN THESE LOW INCOME NEIGHBORHOODS, NDC CILF WILL MAKE LOANS TO NON-PROFIT AND FOR-PROFIT DEVELOPERS OF REAL ESTATE PROJECTS, THAT WILL INCREASE COMMUNITY VIABILITY BY PROVIDING SPACE FOR NEEDED COMMERCIAL SERVICES INCLUDING GROCERY STORES, GENERAL MERCHANDISE STORES, RESTAURANTS, PHARMACIES AND ALL THE OTHER NECESSARY COMPONENTS NEEDED FOR STRONG NEIGHBORHOODS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $8,223,938 | 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 | 0 | 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 | 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 | 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 | Yes (1) | 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 | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | 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 | adam ennis | 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 (13 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 |
|---|---|---|---|---|---|---|---|
| Adam Ennis | |||||||
| board Member/CFO | 32.50 | 17.50 | Yes (X) | Yes (X) | $0 | $148,757 | $42,811 |
| Angela Butler | |||||||
| board member | 1.00 | 49.00 | Yes (X) | $0 | $150,892 | $35,890 | |
| Ann Vogt | |||||||
| Sec/Tres/board Member | 32.45 | 22.55 | Yes (X) | Yes (X) | $0 | $279,959 | $37,766 |
| Daniel Marsh III | |||||||
| Pres/board member | 5.50 | 49.50 | Yes (X) | Yes (X) | $0 | $245,298 | $249,449 |
| David J Trevisani | |||||||
| board member | 25.00 | 25.00 | Yes (X) | $0 | $167,240 | $45,834 | |
| Gertrude Scriven | |||||||
| board member | 1.00 | 49.00 | Yes (X) | $0 | $148,669 | $114,728 | |
| Ingrid Nardoni | |||||||
| board member | 42.50 | 7.50 | Yes (X) | $0 | $150,070 | $46,617 | |
| John Palyo | |||||||
| board member | 1.00 | 49.00 | Yes (X) | $0 | $210,777 | $49,885 | |
| Kevin Gremse | |||||||
| board member | 1.00 | 49.00 | Yes (X) | $0 | $199,760 | $49,022 | |
| Patricia Thomson | |||||||
| board member | 4.00 | 48.00 | Yes (X) | $0 | $206,401 | $101,658 | |
| Robert W Davenport | |||||||
| Chairman/board member | 2.85 | 54.15 | Yes (X) | Yes (X) | $0 | $1,597,292 | $338,260 |
| Stephanie Dugan | |||||||
| board member | 3.00 | 47.00 | Yes (X) | $0 | $162,057 | $46,586 | |
| Thomas Jackson | |||||||
| board member | 1.00 | 49.00 | Yes (X) | $0 | $166,280 | $50,616 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $3,833,452 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,209,122 | 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 (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Waterstone Capital Partners | |||||
| 32158 Camino Capistrano Suite A | San Juan Capistrano | CA | 92675 | Consulting | $316,500 |
| Law Office of Mark D Foster | |||||
| 4835 LBJ Freeway Suite 424 | DALLAS | TX | 75244 | Legal and acquisition fees | $305,000 |
| CohnReznick LLP | |||||
| 1301 AVENUE OF THE AMERICAS | NEW YORK | NY | 10019 | Auditing & TAX SERVICES | $196,855 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $1,710,000 | RelatedOrganizationsAmt |
| All Other Contributions | $5,000 | AllOtherContributionsAmt |
| Total Contributions | $1,715,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | managment fees econ dev projects | Desc |
| Business | 541610 | BusinessCd |
| Total Revenue Column | $8,711,376 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,711,376 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $8,711,376 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $84,615 | TotalRevenueColumnAmt |
| Exclusion | $84,615 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| recovery of bad debt | 900099 | $106,129 | $106,129 |
| new market tax credits | 900099 | $72,590 | $72,590 |
| OTHER REVENUE | 900099 | $649 | $649 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $179,368 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,690,359 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,890,744 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $84,615 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,108,247 | TotalAmt |
| Program Services | $4,108,247 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,464,975 | TotalAmt |
| Program Services | $1,927,406 | ProgramServicesAmt |
| Management And General | $537,569 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,292 | TotalAmt |
| Program Services | $123,002 | ProgramServicesAmt |
| Management And General | $43,290 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $512,266 | TotalAmt |
| Program Services | $378,909 | ProgramServicesAmt |
| Management And General | $133,357 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,787 | TotalAmt |
| Program Services | $88,653 | ProgramServicesAmt |
| Management And General | $26,134 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $146,857 | TotalAmt |
| Management And General | $146,857 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $263,774 | TotalAmt |
| Management And General | $263,774 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $890,456 | TotalAmt |
| Program Services | $808,966 | ProgramServicesAmt |
| Management And General | $81,490 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,648 | TotalAmt |
| Program Services | $88,682 | ProgramServicesAmt |
| Management And General | $17,966 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $330,021 | TotalAmt |
| Program Services | $278,577 | ProgramServicesAmt |
| Management And General | $51,444 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $353,877 | TotalAmt |
| Program Services | $288,962 | ProgramServicesAmt |
| Management And General | $64,915 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Bad debt expense | $113,897 | $113,897 | |
| fees | $110,808 | $110,808 | |
| Equipment lease and mai | $17,830 | $15,051 | $2,779 |
| Subsciptions and member | $3,586 | $3,586 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,704,321 | TotalAmt |
| Program Services | $8,223,938 | ProgramServicesAmt |
| Management And General | $1,480,383 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,160,107 | BOYAmt |
| EOY | $3,360,774 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,917 | BOYAmt |
| EOY | $993,617 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,208,880 | BOYAmt |
| EOY | $7,174,537 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $274,712 | BOYAmt |
| EOY | $274,712 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,000 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,174,950 | BOYAmt |
| EOY | $5,627,327 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,877,566 | BOYAmt |
| EOY | $17,430,967 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,477 | BOYAmt |
| EOY | $53,873 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,711 | BOYAmt |
| EOY | $49,826 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,706,615 | BOYAmt |
| EOY | $4,211,467 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,747,803 | BOYAmt |
| EOY | $4,315,166 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,129,763 | BOYAmt |
| EOY | $13,115,801 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,129,763 | BOYAmt |
| EOY | $13,115,801 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,877,566 | BOYAmt |
| EOY | $17,430,967 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $986,038 | 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 | $540,587 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $300,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,320,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,381,174 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,715,000 | CurrentTaxYearAmt |
| Total | $7,256,761 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,097,435 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,393,713 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,159,605 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,278,752 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,711,376 | CurrentTaxYearAmt |
| Total | $31,640,881 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,638,022 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,693,713 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,479,605 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,659,926 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,426,376 | CurrentTaxYearAmt |
| Total | $38,897,642 | 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 | $38,897,642 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $118,541 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $58,816 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $33,980 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $37,250 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $84,615 | CurrentTaxYearAmt |
| Total | $333,202 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $118,541 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $58,816 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $33,980 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $37,250 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $84,615 | CurrentTaxYearAmt |
| Total | $333,202 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $2,382 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $40,220 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $179,368 | CurrentTaxYearAmt |
| Total | $221,970 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,756,563 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,752,529 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,515,967 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,737,396 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,690,359 | CurrentTaxYearAmt |
| Total | $39,452,814 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.98590 | PublicSupportCY509Pct |
| Public Support PY509 | 0.98260 | PublicSupportPY509Pct |
| Investment Income CY | 0.00840 | InvestmentIncomeCYPct |
| Investment Income PY | 0.01630 | InvestmentIncomePYPct |
| 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 | other revenue - 2014 Amount: $ 2,382. 2015 Amount: $ 2,970. 2016 Amount: $ 649. recovery of bad debt - 2015 Amount: $ 37,250. 2016 Amount: $ 106,129. NEW MARKET TAX CREDITS - 2016 Amount: $ 72,590. | 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 |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | advances receivable from affiliates | Desc |
| Book Value | $5,627,327 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $5,627,327 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| payable to the national development council | $2,943,291 |
| advances payable | $1,268,176 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,211,467 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $10,690,359 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $10,690,359 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $10,690,359 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,704,321 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $9,704,321 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $9,704,321 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | The Organization is exempt from federal income taxes pursuant to Section 501(c)(3) of the Internal Revenue Code. The Organization is also exempt from state and local taxes. 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 are no uncertain tax positions identified or recorded as liabilities for the years ended December 31, 2016 and 2015. The Organization files Form 990, Return of Organization Exempt from Income Tax, with the Internal Revenue Service annually. At December 31, 2016, the Organization's Forms 990 for the years ended 2014 through 2016 remain open for examination by the IRS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| National Council for Community Development | |||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 136532871 | 501(c)(3) | $4,050,000 | Support general operations |
| TES PROPERTIES | |||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 261159878 | 501(c)(3) | $11,500 | Support general operations |
| TSB PROPERTIES | |||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 200741062 | 501(c)(3) | $18,000 | Support general operations |
| KINGSBOROUGH HOUSING DEVELOPMENT FUND CO INC | |||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 141734500 | 501(c)(3) | $25,447 | Support general operations |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 4 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY REQUIRING THE GRANTEE TO PROVIDE PERIODIC REPORTS THAT DESCRIBE THE USE OF THE GRANT FUNDS. | ExplanationTxt |
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 (13 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Adam Ennis | ||||||||||||||
| board Member/CFO | $0 | $148,541 | $0 | $0 | $0 | $216 | $0 | $7,305 | $0 | $35,506 | $0 | $191,568 | $0 | $0 |
| Angela Butler | ||||||||||||||
| board member | $0 | $150,532 | $0 | $0 | $0 | $360 | $0 | $13,450 | $0 | $22,440 | $0 | $186,782 | $0 | $0 |
| Ann Vogt | ||||||||||||||
| Sec/Tres/board Member | $0 | $278,375 | $0 | $0 | $0 | $1,584 | $0 | $20,415 | $0 | $17,351 | $0 | $317,725 | $0 | $0 |
| Daniel Marsh III | ||||||||||||||
| Pres/board member | $0 | $242,250 | $0 | $0 | $0 | $3,048 | $0 | $214,049 | $0 | $35,400 | $0 | $494,747 | $0 | $0 |
| David J Trevisani | ||||||||||||||
| board member | $0 | $166,208 | $0 | $0 | $0 | $1,032 | $0 | $10,808 | $0 | $35,026 | $0 | $213,074 | $0 | $0 |
| Gertrude Scriven | ||||||||||||||
| board member | $0 | $145,621 | $0 | $0 | $0 | $3,048 | $0 | $97,227 | $0 | $17,501 | $0 | $263,397 | $0 | $0 |
| Ingrid Nardoni | ||||||||||||||
| board member | $0 | $148,486 | $0 | $0 | $0 | $1,584 | $0 | $12,061 | $0 | $34,556 | $0 | $196,687 | $0 | $0 |
| John Palyo | ||||||||||||||
| 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 | $34,593 | $0 | $308,059 | $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 |
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 (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| form 990, Part III, LINE 1 CONTINUATION: | c. to initiate and carry out activities to stimulate economic development in the economically depressed areas of the US. In particular, to undertake activities that: - relieve poverty and lessen neighborhood tension caused by a lack of jobs in deteriorated and depressed areas by providing training opportunities for the unemployed and creating job opportunities for disadvantaged groups. - combat community deterioration and eliminate blight by undertaking activities that stimulate the establishment of new businesses among disadvantaged groups and which rehabilitate and revive existing businesses operated by disadvantaged groups. |
| Form 990, Part VI, Section A, line 2 | ANN VOGT, Sec/Tres/board Member, & INGRID NARDONI, BOARD MEMBER, HAVE A FAMILY RELATIONSHIP. |
| Form 990, Part VI, Section A, line 6 | National council for community development IS THE SOLE VOTING MEMBER OF NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION. |
| Form 990, Part VI, Section A, line 7a | National council for community development as THE SOLE VOTING MEMBER OF NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION has the POWER TO ELECT AND REMOVE DIRECTORS. |
| Form 990, Part VI, Section B, line 11b | THE FORM 990 WAS PREPARED BY OUTSIDE TAX PREPARERS IN CONSULTATION WITH MANAGEMENT AND AUDITORS. A DRAFT OF THE FULL FORM 990 WAS PROVIDED TO THE ENTIRE BOARD FOR REVIEW. A COMPLETE COPY OF THE FINAL FORM 990 WAS PROVIDED TO THE ORGANIZATION'S ENTIRE BOARD BEFORE IT WAS FILED WITH THE IRS. |
| Form 990, Part VI, Section B, line 12c | ALL MEMBERS OF THE HEDC 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 DOCUMENT 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 APPOINTS 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 DOCUMENT ACKNOWLEDGES THAT THEY SHARE THE RESPONSIBILITY OF HEDC 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 7-10: | 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 (7 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 | |
| GROW AMERICA FUND INC | |||||||||||
| one battery park plaza suite 710 | New york | NY | 10004 | 133641265 | loans at below-market rates for economic development | DE | 501(c)(3) | Line 10 | NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC | 0 | |
| NDC SUPPORT I INC | |||||||||||
| one battery park plaza suite 710 | New york | NY | 10004 | 134156877 | Assist Gov/Housing | NY | 501(c)(3) | Line 12a, I | NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC | 0 | |
| KINGSBOROUGH HOUSING DEVELOPMENT FUND COMPANY INC | |||||||||||
| one battery park plaza suite 710 | New york | NY | 10004 | 141734500 | Housing | NY | 501(c)(3) | Line 10 | NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC | 0 | |
| Yonkers Larkin Garage Inc | |||||||||||
| one battery park plaza suite 710 | New york | NY | 10004 | 800730609 | Assist Gov | NY | 501(c)(3) | Line 10 | NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC | 0 | |
| National Council For Community Development | |||||||||||
| one battery park plaza suite 710 | New york | NY | 10004 | 136532871 | Assist Gov/Housing | NY | 501(c)(3) | Line 10 | 0 | N/A | |
| 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 | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NDC CORPORATE EQUITY FUND III | |||||||||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 134071776 | Low income housing | NY | NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION | Development | -$732 | $302,188 | 0 | Yes (1) | 0.00010 |
| NDC CORPORATE EQUITY FUND IV | |||||||||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 134151268 | Low income housing | NY | NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION | Development | -$52 | -$81,119 | 0 | Yes (1) | 0.00010 |
| NDC CORPORATE EQUITY FUND V | |||||||||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 134195127 | Low income housing | NY | NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION | Development | -$286 | $44,201 | 0 | Yes (1) | 0.00010 |
| NDC CORPORATE EQUITY FUND VI | |||||||||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 050585420 | Low income housing | NY | NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION | Development | -$476 | $24,756 | 0 | Yes (1) | 0.00010 |
| NDC CORPORATE EQUITY FUND VII | |||||||||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 203273264 | Low income housing | NY | NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION | Development | -$515 | $169,268 | 0 | Yes (1) | 0.00010 |
| NDC CORPORATE EQUITY FUND VIII | |||||||||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 261481355 | Low income housing | NY | NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION | Development | -$191 | $518,734 | 0 | Yes (1) | 0.00010 |
| NDC CORPORATE EQUITY FUND IX | |||||||||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 264226439 | Low income housing | NY | NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION | Development | -$361 | $5,149,802 | 0 | Yes (1) | 0.00010 |
| NDC CORPORATE EQUITY FUND X | |||||||||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 454281155 | Low income housing | NY | NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION | Development | -$183 | $6,230,648 | 0 | Yes (1) | 0.00010 |
| NDC CORPORATE EQUITY FUND XI | |||||||||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 462764258 | Low income housing | NY | NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION | Development | -$431 | $8,148,833 | 0 | Yes (1) | 0.00010 |
| NDC CORPORATE EQUITY FUND XII | |||||||||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 473762588 | low income housing | NY | NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION | development | -$40 | $25,575,628 | 0 | Yes (1) | 0.00010 |
| NDC CORPORATE EQUITY FUND XIII | |||||||||||||
| one battery park plaza suite 710 | new york | NY | 10004 | 813113490 | low income housing | NY | NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION | development | -$6 | $40,591,591 | 0 | Yes (1) | 0.00010 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (8 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 |
| NDC Green Renewable Energy Enterprise Nexus | |||||||||
| One Battery Park Plaza Suite 710 | new York | NY | 10004 | 273820841 | 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 | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | 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 | Yes (1) | 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 | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (10 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| CDI Brooklyn Inc | ||
| D | $197,831 | Cost |
| NDC Corporate Equity Fund II LP | ||
| K | $83,478 | Cost |
| NDC Corporate Equity Fund IV LP | ||
| K | $480,396 | Cost |
| NDC Corporate Equity Fund V LP | ||
| K | $65,324 | Cost |
| NDC Corporate Equity Fund VI LP | ||
| K | $78,712 | Cost |
| NDC Corporate Equity Fund VII LP | ||
| K | $109,980 | Cost |
| NDC Corporate Equity Fund X LP | ||
| K | $236,722 | Cost |
| NDC Corporate Equity Fund XI LP | ||
| K | $265,052 | Cost |
| NDC Corporate Equity Fund XII LP | ||
| K | $3,241,481 | Cost |
| NDC Corporate Equity Fund XIII LP | ||
| K | $2,245,824 | Cost |