2016-03-24T13:19:33-05:00 2015-06-30 133034831 ARTHUR J GIGLIO CPA 250 EAST HARTSDALE AVENUE SUITE 34 HARTSDALE NY 10530 990 2014-07-01 132792409 THE COMMUNITY PRESERVATION CORPORATION COMM 2128695300 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 100167943 DANIEL BRANDT EVP & CFO 2128695300 2016-03-18 1 ROGER DEVRIES P00233256 9147237743 2016-03-18 2014 2016-08-17 19:52:53Z RAFAEL E CESTERO 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 100167943 79128185 0 X WWW.COMMUNITYP.COM X 1974 NY TO COMBAT COMMUNITY DETERIORATION, PROMOTE THE GENERAL WELFARE, AND LESSEN THE BURDENS OF GOVERNMENT BY PROVIDING FINANCING FOR LOW & MODERATE INCOME HOUSING. 12 12 135 0 0 0 2643906 3776485 33130599 27891176 1437440 45351285 0 0 37211945 77018946 106400 16020 0 0 14011303 14881396 0 0 0 24358423 22342169 38476126 37239585 -1264181 39779361 718724556 899437356 658599879 720251914 60124677 179185442 TO COMBAT COMMUNITY DETERIORATION, PROMOTE THE GENERAL WELFARE, AND LESSEN THE BURDENS OF GOVERNMENT BY PROVIDING FINANCING FOR LOW & MODERATE INCOME HOUSING. 0 0 28566625 16020 28024623 THE COMMUNITY PRESERVATION CORPORATION (CPC) IS A PRIVATE NOT-FOR-PROFIT MORTGAGE LENDER SPECIALIZING IN THE FINANCING OF LOW AND MODERATE INCOME HOUSING. CPC'S MISSION IS TO WORK WITH GOVERNMENT TO PRESERVE AND DEVELOP AFFORDABLE HOUSING IN NEW YORK (AND FORMERLY NEW JERSEY AND CONNECTICUT). IN ITS 41 YEARS OF EXISTENCE, CPC HAS FINANCED THE REHABILITATION OR CONSTRUCTION OF 155,841 AFFORDABLE HOUSING UNITS. DURING THE YEAR ENDED JUNE 30, 2015, CPC ORIGINATED $458,916,817 OF PUBLIC AND PRIVATE FUNDS REPRESENTING FINANCING ON 4,365 UNITS. 28566625 1 1 0 1 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 1 2389 0 1 135 1 1 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X DANIEL BRANDT 2128695300 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 100167943 BRUCE A BEAL DIRECTOR 0.00 X 0 0 0 TODD A GOMEZ DIRECTOR 0.00 X 0 0 0 MICHAEL HEGARTY CHAIRMAN 0.00 X 0 0 0 FELICE L MICHETTI DIRECTOR 0.00 X 0 0 0 D KENNETH PATTON DIRECTOR 0.00 X 0 0 0 RONALD POE DIRECTOR 0.00 X 0 0 0 GREGORY R REIMERS DIRECTOR 0.00 X 0 0 0 ARTHUR H SETER DIRECTOR 0.00 X 0 0 0 JOHN SOMERS DIRECTOR 0.00 X 0 0 0 ANDERS TOMSON DIRECTOR 0.00 X 0 133240 0 MICHAEL J WECHSLER DIRECTOR 0.00 X 0 0 0 ALAN WEINER DIRECTOR 0.00 X 0 0 0 RAFAEL E CESTERO PRESIDENT & CEO 24.50 10.50 X 462761 198326 54997 DANIEL J BRANDT EVP, CFO & TREASURER 30.30 4.70 X 226870 34903 10348 RICHARD A KUMRO EVP, GENL COUNSEL, SECY 18.80 16.20 X 197550 819985 52497 KEVIN T MORAN EVP, CFO & TREASURER 27.80 7.20 X 293805 75760 29842 SARAH J SINGMAN EXEC VICE PRESIDENT & COO 34.10 0.90 X 421232 277280 56557 CAROLYN AU SENIOR VICE PRESIDENT 35.00 0.00 X 279669 266479 41101 WILLIAM A BURKE SENIOR VICE PRESIDENT 30.10 4.90 X 231787 40073 35910 WANDA CHIN SENIOR VICE PRESIDENT 35.00 0.00 X 107604 0 8264 RICHARD P CONLEY SENIOR VICE PRESIDENT 35.00 0.00 X 260497 266479 53188 CHRISTOPHER R HOOKE SENIOR VICE PRESIDENT 35.00 0.00 X 144890 0 29666 MIRIAM T KULNIS SENIOR VICE PRESIDENT 35.00 0.00 X 210019 0 12108 THOMAS P MCGRATH SENIOR VICE PRESIDENT 5.10 29.90 X 37560 543003 43309 DOUGLAS L OLCOTT SENIOR VICE PRESIDENT 35.00 0.00 X 202234 0 47872 NICHOLAS V PETRAGNANI JR SENIOR VICE PRESIDENT 35.00 0.00 X 172148 0 43064 ROBERT L RIGGS SENIOR VICE PRESIDENT 35.00 0.00 X 223247 0 50935 DAVID ROTHBERG SENIOR VICE PRESIDENT 26.30 8.70 X 274390 91464 38517 ALEXANDRA M SEWELL SENIOR VICE PRESIDENT 35.00 0.00 X 8930 0 212 MICHAEL A SKREBUTENAS SENIOR VICE PRESIDENT 35.00 0.00 X 201993 0 27256 CHRISTOPHER C BANINO VICE PRESIDENT 31.90 3.10 X 150677 14834 26293 TRACY M CONLEY VICE PRESIDENT 35.00 0.00 X 98900 0 13282 MELANIE A CROCCO VICE PRESIDENT 35.00 0.00 X 129896 0 42776 ANDREW J D'AGOSTINO VICE PRESIDENT 35.00 0.00 X 103424 0 36214 JAIME S DEMASO VICE PRESIDENT 29.80 5.20 X 138858 24504 41570 JEFFREY B ELY VICE PRESIDENT 31.90 3.10 X 167888 16527 25682 ANDREA D GLADSTONE VICE PRESIDENT 35.00 0.00 X 194602 0 41613 SUSAN L GOLDBERGER VICE PRESIDENT 35.00 0.00 X 192126 0 16521 LU JIN VICE PRESIDENT 2.60 32.40 X 12786 157698 36743 PATRICK B LOCKHART VICE PRESIDENT 29.30 5.70 X 166099 32228 40398 SUSAN C MCCLURE VICE PRESIDENT 31.90 3.10 X 236010 23233 49859 JAMES P MILLARD VICE PRESIDENT 19.50 15.50 X 64507 102871 21277 MATTHEW L NELSON VICE PRESIDENT 35.00 0.00 X 56389 0 8016 FL ANDREW PADIAN VICE PRESIDENT 35.00 0.00 X 138044 0 20037 HELENE S RUDOLPH VICE PRESIDENT 35.00 0.00 X 199280 0 40368 MARY SCHOUENBORG-PADEN VICE PRESIDENT 35.00 0.00 X 146605 0 25398 DANIEL J WHEELER VICE PRESIDENT 35.00 0.00 X 176534 0 43288 DEBORAH A WIDERKEHR VP, CPCR 0.00 35.00 X 0 182277 3195 LEON SHNAYDER SR NETWORK ADMIN 31.90 3.10 X 137644 13551 42392 ERIKA N LAKE VP, CPCR 0.00 35.00 X 0 145250 24810 GEORGE CHUNG ASSOC ATTORNEY 35.00 0.00 X 139448 0 6912 STEPHANIE C CANZANI AVP, MGR 35.00 0.00 X 131901 0 31584 MARY A BRENNAN FORMER OFFICER 0.00 X 0 335848 0 MARGARET ROSE BROWNE FORMER OFFICER 0.00 X 0 167924 0 BRUCE S DALE FORMER OFFICER 0.00 X 0 335000 0 KATHLEEN DUNN FORMER OFFICER 0.00 X 0 1282420 0 MARY E ENRIGHT FORMER OFFICER 0.00 X 0 542026 0 JOHN P GREENE FORMER OFFICER 0.00 X 0 335848 0 DIANNA H HWANG FORMER OFFICER 0.00 X 0 335848 0 MICHAEL D LAPPIN FORMER OFFICER 0.00 X 0 4000000 0 JOHN M MCCARTHY FORMER OFFICER 0.00 X 0 1241591 0 SUSAN M POLLOCK FORMER OFFICER 0.00 X 0 380000 0 6738804 12416470 1273871 32 1 1 0 CAPSTONE ADVISORY GROUP LLC 250 PEHLE AVENUE SADDLE BROOK NJ 07663 CONSULTING 1676518 ROBINSON & COLE LLP 280 TRUMBULL STREET HARTFORD CT 06103 LEGAL SERVICES 828431 IBM CORPORATION PO BOX 643600 PITTSBURGH PA 15264 INFORMATION TECHNOLOGY 791725 KATSKY KORINS LLP 605 THIRD AVENUE NEW YORK NY 10158 LEGAL SERVICES 206152 COHN REZNICK LLP 500 EAST PRATT STREET BALTIMORE MD 21202 AUDITORS 191000 6 3776135 350 3776485 MORTGAGE LOAN INTEREST 522292 15460909 15460909 SERVICING FEES 522390 6483065 6483065 MORTGAGE LOAN COMMITMENT FEES 522292 3597501 3597501 GAIN ON SALE OF LOANS 522292 1305210 1305210 PENALTY & LATE CHARGES 522390 573050 573050 471441 471441 27891176 45217838 45217838 77544 77544 0 2165142 2031695 133447 133447 133447 77018946 28024623 0 45217838 16020 16020 7584065 4718216 2865849 5446399 3948314 1498085 394361 267943 126418 607429 469603 137826 849142 584839 264303 794797 794797 228349 228349 60000 60000 1143097 885390 257707 229542 59605 169937 534309 353568 180741 1187473 861370 326103 1383612 949111 434501 326037 223650 102387 52787 36210 16577 13453765 13453765 1592122 1092142 499980 523400 523400 LOAN LOSS RESERVE INCRE 537117 537117 CONTRIBUTIONS 153148 96493 56655 DUES & SUBSCRIPTIONS 62929 62929 EMPLOYMENT AGENCY FEES 34433 34433 45252 13269 31983 37239585 28566625 8672960 0 179833060 214003047 82125235 79298845 1075576 1728466 317321 491055 8314152 7068633 2704364 1245519 52403279 131684681 372661753 446813895 17906569 18504767 9697399 5667081 718724556 899437356 5845673 6800621 353500 225553582 226400031 416100272 436984601 10746852 50066661 658599879 720251914 X 60124677 179185442 60124677 179185442 718724556 899437356 X 39779361 79281404 X X 0 1 X 1 1 1 X 2682766 2259072 850 2643906 3776485 11363079 66992996 49454141 40770426 33358835 28024623 218601021 69675762 51713213 40771276 36002741 31801108 229964100 0 1258689 1304450 631491 991191 317301 4503122 1258689 1304450 631491 991191 317301 4503122 225460978 336178 178108 205655 1209204 45217838 47146983 336178 178108 205655 1209204 45217838 47146983 70011940 51891321 40976931 37211945 77018946 277111083 0.81360 0.96540 0.17010 0.00420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 5000 0 0 1 80000 0 0 85000 0 PART II-B, LINE 1: LOBBYING IS NOT A SUBSTANTIAL PART OF THE ACTIVITIES OF THE CORPORATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2015, OFFICERS OF THE CORPORATION DID LOBBY WITH RESPECT TO FEDERAL, STATE, AND LOCAL LEGISLATION RELATING TO AFFORDABLE HOUSING ISSUES, AND THE CORPORATION RETAINED THE SERVICES OF OUTSIDE PROFESSIONALS TO REPRESENT ITS INTERESTS WITH RESPECT TO LEGISLATION. DIRECT LOBBYING EXPENSES OF THIS NATURE FOR THE FISCAL YAR ENDED JUNE 30, 2015, TOTALLED $60,000. LOBBYING EXPENSES OF CORPORATION OFFICERS FOR THE PERIOD (INCLUDING REIMBURSEMENT OF TRAVEL EXPENSES AND A PER HOUR PRORATION OF OFFICERS' SALARIES) ARE ESTIMATED TO HAVE BEEN LESS THAN $20,000 AND EXPENSES FOR MAILINGS ARE ESTIMATED AT LESS THAN $5,000. THE CORPORATION'S TOTAL LOBBYING EXPENDITURES FOR THE FISCAL YEAR ENDED JUNE 30, 2015, ARE THEREFORE ESTIMATED TO HAVE BEEN LESS THAN $85,000. 0 1 X 76892 75423 1469 864360 550470 313890 7372900 6442740 930160 1245519 CPC RESOURCES INC & CPC NOMINEE 1 INC 131684681 C 131684681 CONSTRUCTION LOANS 146473416 C CONSTRUCTION LOAN PARTICIPATIONS 116201661 C PERMANENT MORTGAGE LOANS 25573289 C PERMANENT LOAN PARTICIPATIONS 158565529 C 446813895 DUE TO PARTICIPANTS 50066661 50066661 X 160986147 130216859 130216859 30769288 46249658 46249658 77018946 41925385 5852800 5852800 36072585 1167000 1167000 37239585 PART IV, LINE 2B: THE CORPORATION MAKES CONSTRUCTION LOANS AND PERMANENT MORTGAGE LOANS TO BORROWERS FOR LOW AND MODERATE INCOME HOUSING. IN CONJUNCTION WITH THOSE LOANS, THE CORPORATION HOLDS BORROWER FUNDS IN ESCROW FOR THE PAYMENT OF REAL ESTATE TAXES, PROPERTY INSURANCE PREMIUMS, INSPECTION FEES, AND OTHER LOAN-RELATED ITEMS. IN ADDITION, THE CORPORATION HOLDS FUNDS BELONGING TO NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT AND CERTAIN OTHER GOVERNMENT AGENCIES, WHICH PARTICIPATE IN CERTAIN OF THE CORPORATION'S LOANS, FOR FUTURE LOAN ADVANCES TO BORROWERS ON BEHALF OF THOSE AGENCIES. AT JUNE 30, 2015, THE CORPORATION HELD APPROXIMATELY $153 MILLION OF BORROWER ESCROW FUNDS AND APPROXIMATELY $73 MILLION OF GOVERNMENT AGENCY FUNDS. PART X, LINE 2: THE CORPORATION USES A MORE-LIKELY THAN NOT THRESHOLD FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR TO BE TAKEN IN A TAX RETURN. IN ACCORDANCE WITH THE ACCOUNTING GUIDANCE ON THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE CORPORATION ASSESSED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS AS OF JUNE 30, 2015, WHICH ARE FROM JULY 1, 2011 THROUGH JUNE 30, 2014. THE CORPORATION CONCLUDED THAT IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS TO BE RECOGNIZED AT THIS TIME. IF THERE ARE INTEREST AND PENALTIES ON TAX POSITIONS, THE CORPORATION'S POLICY IS TO CLASSIFY THESE AS OTHER EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME OF NON-EXEMPT SUBSIDIARIES INCLUDED IN CONSOLIDATED AUDIT 130,160,588. RECLASS FAIR VALUE ADJUSTMENT - REO 56,271. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS FAIR VALUE ADJUSTMENT - CL 1,167,000. DIVIDEND FROM NON-EXEMPT SUBSIDIARY 45,082,658. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF NON-EXEMPT SUBSIDIARIES INCLUDED IN CONSOLIDATED AUDIT 5,796,529. RECLASS FAIR VALUE ADJUSTMENT - REO 56,271. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS FAIR VALUE ADJUSTMENT - CL 1,167,000. 1 LOAN REDUCTIONS UNDER THE U.S. TREASURY'S COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) PROGRAM. 4 16020 PART I, LINE 2: THE CORPORATION MAKES GRANTS FROM ITS OWN FUNDS FROM TIME TO TIME TO NON-PROFITS WITH WHICH THE CORPORATION COLLABORATES IN CARRYING OUT ITS TAX-EXEMPT PURPOSES. EXAMPLES INCLUDE THE NEW YORK HOUSING CONFERENCE, THE NATIONAL ASSOCIATION OF AFFORDABLE HOUSING LENDERS, THE CITIZENS HOUSING AND PLANNING COUNCIL, AMONG MANY OTHERS. THE GRANTS ARE RELATIVELY MODEST IN AMOUNT, AND HELP MEET THE OPERATING BUDGETS OF THE GRANTEES. THE CORPORATION ALSO DEPLOYS FUNDS AWARDED TO IT IN THE EARLY 2000'S UNDER THE U.S. TREASURY'S COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) PROGRAM. THE CORPORATION'S AWARDS FROM CDFI TOTALED $5,000,000 OVER THE COURSE OF THE PROGRAM, AND WERE EXPENDED IN GRANTS AND LOANS TO PROPERTIES IN TARGET AREAS WHERE THE CORPORATION WAS ALSO AN ACTIVE LENDER. THE PURPOSES, AMOUNTS, AND PROPERTIES WERE IDENTIFIED IN REGULAR REPORTS SUBMITTED TO THE U.S. TREASURY DURING THE AWARDS' REQUIRED REPORTING PERIOD, WHICH HAS NOW EXPIRED. WHEN FUNDS FROM THE ORIGINAL CDFI GRANTS WERE DISBURSED AS LOANS ON INDIVIDUAL PROPERTIES, AND THOSE LOANS WERE SUBSEQUENTLY REPAID, THE CORPORATION HAS RE-DEPLOYED THE FUNDS FOR COMMUNITY DEVELOPMENT PURPOSES. THE CORPORATION ALSO MAKES PASS-THROUGH GRANTS UNDER A NEW YORK STATE WEATHERIZATION ASSISTANCE PROGRAM. X X X X X 1 0 1 0 0 0 0 0 0 RAFAEL E CESTERO PRESIDENT & CEO 274818 117779 175000 75000 12943 5547 23660 10140 14838 6359 501259 214825 0 0 DANIEL J BRANDT EVP, CFO & TREASURER 172015 26464 46884 7213 7971 1226 0 0 8968 1380 235838 36283 0 0 RICHARD A KUMRO EVP, GENL COUNSEL, SECY 137228 118080 46440 39960 13882 661945 18168 15633 10049 8647 225767 844265 0 0 KEVIN T MORAN EVP, CFO & TREASURER 99544 25668 79500 20500 114761 29592 14211 3664 9514 2453 317530 81877 0 0 SARAH J SINGMAN EXEC VICE PRESIDENT & COO 268855 6894 127969 3281 24408 267105 32955 845 22188 569 476375 278694 0 0 CAROLYN AU SENIOR VICE PRESIDENT 227513 0 51000 0 1156 266479 23445 0 17656 0 320770 266479 0 0 WILLIAM A BURKE SENIOR VICE PRESIDENT 199701 36172 10000 0 22086 3901 28617 5183 1786 324 262190 45580 0 0 RICHARD P CONLEY SENIOR VICE PRESIDENT 211812 0 29375 0 19310 266479 30550 0 22638 0 313685 266479 0 0 CHRISTOPHER R HOOKE SENIOR VICE PRESIDENT 106611 0 30397 0 7882 0 13437 0 16229 0 174556 0 0 0 MIRIAM T KULNIS SENIOR VICE PRESIDENT 111781 0 75000 0 23238 0 8958 0 3150 0 222127 0 0 0 THOMAS P MCGRATH SENIOR VICE PRESIDENT 29508 174100 4221 24904 3831 343999 4390 25900 1887 11132 43837 580035 0 0 DOUGLAS L OLCOTT SENIOR VICE PRESIDENT 152812 0 25000 0 24422 0 23816 0 24056 0 250106 0 0 0 NICHOLAS V PETRAGNANI JR SENIOR VICE PRESIDENT 145669 0 17500 0 8979 0 20008 0 23056 0 215212 0 0 0 ROBERT L RIGGS SENIOR VICE PRESIDENT 181544 0 23000 0 18703 0 26819 0 24116 0 274182 0 0 0 DAVID ROTHBERG SENIOR VICE PRESIDENT 167903 55968 93750 31250 12737 4246 12241 4080 16647 5549 303278 101093 0 0 MICHAEL A SKREBUTENAS SENIOR VICE PRESIDENT 160610 0 23000 0 18383 0 3700 0 23556 0 229249 0 0 0 CHRISTOPHER C BANINO VICE PRESIDENT 119892 11803 15476 1524 15309 1507 2090 206 21846 2151 174613 17191 0 0 MELANIE A CROCCO VICE PRESIDENT 105650 0 19000 0 5246 0 14740 0 28036 0 172672 0 0 0 JAIME S DEMASO VICE PRESIDENT 106358 18769 17000 3000 15500 2735 16227 2864 19107 3372 174192 30740 0 0 JEFFREY B ELY VICE PRESIDENT 112480 11073 18208 1792 37200 3662 8859 872 14521 1430 191268 18829 0 0 ANDREA D GLADSTONE VICE PRESIDENT 160012 0 28900 0 5690 0 20416 0 21197 0 236215 0 0 0 SUSAN L GOLDBERGER VICE PRESIDENT 157479 0 10000 0 24647 0 12461 0 4060 0 208647 0 0 0 LU JIN VICE PRESIDENT 10064 124128 1350 16650 1372 16920 1524 18794 1232 15193 15542 191685 0 0 PATRICK B LOCKHART VICE PRESIDENT 129744 25174 20938 4063 15417 2991 19365 3757 14469 2807 199933 38792 0 0 SUSAN C MCCLURE VICE PRESIDENT 199163 19606 9104 896 27743 2731 29841 2938 15549 1531 281400 27702 0 0 JAMES P MILLARD VICE PRESIDENT 58311 82699 1843 14657 4353 5515 8152 11565 636 924 73295 115360 0 0 FL ANDREW PADIAN VICE PRESIDENT 101999 0 0 0 36045 0 13947 0 6090 0 158081 0 0 0 HELENE S RUDOLPH VICE PRESIDENT 159263 0 21400 0 18617 0 23773 0 16595 0 239648 0 0 0 MARY SCHOUENBORG-PADEN VICE PRESIDENT 122643 0 14416 0 9546 0 17378 0 8020 0 172003 0 0 0 DANIEL J WHEELER VICE PRESIDENT 146687 0 19294 0 10553 0 21083 0 22205 0 219822 0 0 0 DEBORAH A WIDERKEHR VP, CPCR 0 18880 0 0 0 163397 0 2870 0 325 0 185472 0 0 LEON SHNAYDER SR NETWORK ADMIN 124203 12227 13201 1300 240 24 13420 1321 25173 2478 176237 17350 0 0 ERIKA N LAKE VP, CPCR 0 121653 0 14700 0 8897 0 17790 0 7020 0 170060 0 0 STEPHANIE C CANZANI AVP, MGR 112314 0 13650 0 5937 0 14928 0 16656 0 163485 0 0 0 MARY A BRENNAN FORMER OFFICER 0 0 0 0 0 335848 0 0 0 0 0 335848 0 0 MARGARET ROSE BROWNE FORMER OFFICER 0 0 0 0 0 167924 0 0 0 0 0 167924 0 0 BRUCE S DALE FORMER OFFICER 0 0 0 0 0 335000 0 0 0 0 0 335000 0 0 KATHLEEN DUNN FORMER OFFICER 0 0 0 0 0 1282420 0 0 0 0 0 1282420 0 0 MARY E ENRIGHT FORMER OFFICER 0 0 0 0 0 542026 0 0 0 0 0 542026 0 0 JOHN P GREENE FORMER OFFICER 0 0 0 0 0 335848 0 0 0 0 0 335848 0 0 DIANNA H HWANG FORMER OFFICER 0 0 0 0 0 335848 0 0 0 0 0 335848 0 0 MICHAEL D LAPPIN FORMER OFFICER 0 0 0 0 0 4000000 0 0 0 0 0 4000000 0 0 JOHN M MCCARTHY FORMER OFFICER 0 0 0 0 0 1241591 0 0 0 0 0 1241591 0 0 SUSAN M POLLOCK FORMER OFFICER 0 0 0 0 0 380000 0 0 0 0 0 380000 0 0 PART I, LINES 4A-C SCHEDULE J, LINE 4A - SEVERANCE PAYMENTS: FROM THE FROM RELATED ORGANIZATION ORGANIZATION KEVIN T MORAN 100,904 26,019 ANDREW PADIAN 28,596 - DEBORAH A WIDERKEHR - 122,288 SCHEDULE J, LINE 4C - EQUITY-BASED COMPENSATION PAYMENTS: FROM THE FROM RELATED ORGANIZATION ORGANIZATION CAROLYN AU - 266,479 MARY A BRENNAN - 335,848 MARGARET BROWNE ROSE - 167.924 RICHARD P CONLEY - 266,479 BRUCE S DALE - 335,000 KATHLEEN DUNN - 1,282,420 MARY E ENRIGHT - 542,026 JOHN P GREENE - 335,848 DIANNA H HWANG - 335,848 RICHARD A KUMRO - 650,000 MICHAEL D LAPPIN - 4,000,000 JOHN M MCCARTHY - 1,241,591 THOMAS P MCGRATH - 321,398 SUSAN M POLLOCK - 380,000 SARAH J SINGMAN - 266,479 ANDERS TOMSON - 133,240 DEBORAH A WIDERKEHR - 29,009 THE PAYMENTS ITEMIZED ABOVE WERE MADE PURSUANT TO A SETTLEMENT AGREEMENT AND TERMINATION OF THE PLAN. VARIOUS DIRECTORS DIRECTORS SEVERAL OF THE CORPORATION'S DIRECTORS AT ANY GIVEN TIME ARE INCUMBENT SENIOR OFFICIALS OF FINANCIAL INSTITUTIONS THAT PROVIDE CREDIT TO, AND/OR HAVE TRANSACTIONS WITH THE CORPORATION IN THE ORDINARY COURSE OF BUSINESS, SUCH AS PURCHASING LOAN PARTICIPATIONS. 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BY-LAWS WERE MODIFIED IN ORDER TO CONFORM TO THE NEW YORK NON-PROFIT REVITALIZATION ACT OF 2013, WHICH WENT INTO EFFECT IN RELEVANT PART ON JULY 1, 2014. AMONG OTHER CHANGES, THE ORGANIZATION NO LONGER HAS MEMBERS AS THAT IS NO LONGER REQUIRED BY NEW YORK LAW. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, A DRAFT COPY OF FORM 990 WAS REVIEWED FOR COMPLETENESS AND ACCURACY BY MEMBERS OF THE CORPORATION'S MANAGMENT AND WAS ALSO SUPPLIED TO THE COMPENSATION COMMITTEE OF THE CORPORATION'S BOARD OF DIRECTORS FOR COMMENT. THE FINAL REVIEWED VERSION OF FORM 990 WAS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO THE FORM'S ELECTRONIC FILING. FORM 990, PART VI, SECTION B, LINE 12C RESPONSES ARE REVIEWED BY THE ORGANIZATION'S INDEPENDENT AUDITORS AS PART OF THE ANNUAL FINANICAL AUDIT. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR THE CORPORATION PARTICIPATES IN MARKET SURVEYS RELEVANT TO BOTH THE REAL ESTATE FINANCIAL SERVICES INDUSTRY AND "GENERAL" INDUSTRIES, WHICH INCLUDES THE NOT FOR PROFIT INDUSTRY. THE CORPORATION THEN BENCHMARKS ITS TOTAL COMPENSATION AGAINST A BLEND OF PEERS IN THE FINANCIAL SERVICES INDUSTRIES AND THE NOT FOR PROFIT INDUSTRY. THE CORPORATION'S COMPENSATION COMMITTEE, COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS, REVIEWS AND APPROVES ANNUALLY THE RECOMMENDED TOTAL COMPENSATION FOR THE CORPORATION'S SENIOR MANAGEMENT AND APPROVES GENERALLY, THE BASE COMPENSATION AND BONUS COMPENSATION TOTALS FOR REMAINDER OF THE CORPORATION. THE COMPENSATION COMMITTEE'S DECISIONS ARE BASED ON MARKET DATA, BUSINESS CONDITIONS AND THE OVERALL COMPETITIVE MARKETPLACE. THE CORPORATION'S BOARD OF DIRECTORS THEN REVIEWS AND APPROVES ALL FINAL COMPENSATION RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION'S CHARTER IS A PUBLIC DOCUMENT AVAILABLE FROM THE NEW YORK SECRETARY OF STATE. A SUMMARY OF THE CORPORATION'S AUDITED FINANCIAL STATEMENTS IS INCLUDED EACH YEAR IN THE CORPORATION'S ANNUAL REPORT, WHICH IS AVAILABLE ON THE CORPORATION'S WEBSITE, AND THE FULL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE CORPORATION'S BY-LAWS, CONFLICT OF INTEREST POLICY AND SIMILAR DOCUMENTS ARE NOT GENERALLY MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: EQUITY IN NON-EXEMPT SUBSIDIARIES 79,281,404. FORM 990, PART XII, LINE 2C: FORM 990, PART XI, LINE 2: THE CORPORATION HAS HAD NO CHANGE FROM THE PRIOR YEAR IN THE PROCESS FOR SELECTION OF AUDITOR OR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. CPC REO LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION CPC REO NJ LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION CPC REO CT LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION CPC FUNDING SPE 1 LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 7663071 189852784 THE COMMUNITY PRESERVATION CORPORATION CPC FUNDING SPE 2 LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 333631 8559640 THE COMMUNITY PRESERVATION CORPORATION CPC FUNDING SPE 3 LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION CPC COMMUNITY CAPITAL ADVISORS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 3861 ROUTE 22 HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 4196 KENNEDY BLVD LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 12891 THE COMMUNITY PRESERVATION CORPORATION 7811 CONGRESS STREET HOLDINGS 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 10329 ROCHESTER HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 10396 HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 10530 SPRING STREET HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 7448 THE COMMUNITY PRESERVATION CORPORATION 10660 EWING STREET HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 101832 THE COMMUNITY PRESERVATION CORPORATION 10702 WINNIKEE HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 10715 PLEASANT RIDGE HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 10725 WINNIKEE HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 48050 KENNEDY HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 38425 THE COMMUNITY PRESERVATION CORPORATION 48052 LAPIERRE HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 48053 LAPIERRE HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 70082 SHONNARD HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 70136 HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 65000 THE COMMUNITY PRESERVATION CORPORATION 70164 APPLE STREET HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 3181 5199 THE COMMUNITY PRESERVATION CORPORATION 70165 COUNTRY VILLAGE HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 373873 THE COMMUNITY PRESERVATION CORPORATION 70181 MCCLELLAN HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 70202 CLINTON HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 90003 LAFAYETTE HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 90012 HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 90021 SOUTH STREET HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 90024 HANCOCK AVENUE HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION CPC RESOURCES INC 28 EAST 28TH STREET NEW YORK NY 10016 133692436 REAL ESTATE INVESTMENT TRUST NY THE COMMUNITY PRESERVATION CORPORATION C 5839427 99099781 1.00000 1 CPC NOMINEE 1 INC 28 EAST 28TH STREET NEW YORK NY 10016 133947975 REAL ESTATE TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION C 1361 1.00000 1 CPC TRS LLC 28 EAST 28TH STREET NEW YORK NY 10016 470979800 INVESTMENT, CONSULTING, REAL ESTATE DEVELOPMENT NY CPC RESOURCES INC C 2407451 3499598 1.00000 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 1 0 0 CPC RESOURCES INC A 77544 CASH CPC RESOURCES INC J 77544 CASH CPC RESOURCES INC N 254456 CASH CPC RESOURCES INC O 2322944 CASH CPC RESOURCES INC Q 2654944 CASH CPC RESOURCES INC F 45082658 CASH