2015-07-14T07:32:27-05:00 2014-06-30 133034831 ARTHUR J GIGLIO CPA 250 EAST HARTSDALE AVENUE SUITE 34 HARTSDALE NY 10530 990 2013-07-01 132792409 THE COMMUNITY PRESERVATION CORPORATION COMM 2128695300 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 100167943 DANIEL BRANDT EVP & CFO 2128695300 2015-05-04 1 ROGER DEVRIES P00233256 9147237743 2013 2016-02-25 16:41:14Z RAFAEL E CESTERO 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 100167943 43519322 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 12 129 0 0 0 850 2643906 40770426 33130599 795711 1437440 0 0 41566987 37211945 3000 106400 0 0 12418364 14011303 0 0 0 36085115 24358423 48506479 38476126 -6939492 -1264181 804834724 718724556 751673987 658599879 53160737 60124677 TO COMBAT COMMUNITY DETERIORATION, PROMOTE THE GENERAL WELFARE, AND LESSEN THE BURDENS OF GOVERNMENT BY PROVIDING FINANCING FOR LOW & MODERATE INCOME HOUSING. 0 0 29787907 106400 34568039 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 40 YEARS OF EXISTENCE, CPC HAS FINANCED THE REHABILITATION OR CONSTRUCTION OF 151,476 AFFORDABLE HOUSING UNITS. DURING THE YEAR ENDED JUNE 30, 2014, CPC ORIGINATED $405,620,288 OF PUBLIC AND PRIVATE FUNDS REPRESENTING FINANCING ON 4,118 UNITS. 29787907 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 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 1 2605 0 1 129 1 1 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 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 35.00 X 0 0 0 RICHARD C DEZEGO DIRECTOR 0.00 35.00 X 0 0 0 THOMAS GARBUTT DIRECTOR 0.00 35.00 X 0 0 0 TODD A GOMEZ DIRECTOR 0.00 35.00 X 0 0 0 RICHARD M GUNTHEL DIRECTOR 0.00 35.00 X 35000 0 0 MICHAEL HEGARTY CHAIRMAN 0.00 35.00 X X 0 0 0 FELICE MICHETTI DIRECTOR 0.00 35.00 X 0 0 0 ROBERT J MUELLER DIRECTOR 0.00 35.00 X 7500 0 0 D KENNETH PATTON DIRECTOR 0.00 35.00 X 0 30000 0 RONALD POE DIRECTOR 0.00 35.00 X 0 30000 0 GREGORY R REIMERS DIRECTOR 0.00 35.00 X 0 0 0 ARTHUR H SETER DIRECTOR 0.00 35.00 X 0 0 0 JOHN SOMERS DIRECTOR 0.00 35.00 X 15000 0 0 ANDERS TOMSON DIRECTOR 0.00 35.00 X 0 0 0 MICHAEL J WECHSLER DIRECTOR 0.00 35.00 X 0 35000 0 ALAN WEINER DIRECTOR 0.00 35.00 X 0 0 0 RAFAEL E CESTERO PRESIDENT & CEO 26.30 8.70 X 450850 150284 31414 RICHARD A KUMRO EVP, GENL COUNSEL, SECY 22.80 12.20 X 182665 98358 54414 KEVIN T MORAN EVP, CFO & TREASURER 27.60 7.40 X 212817 57427 51852 SARAH J SINGMAN EXEC VICE PRESIDENT, & COO 35.00 0.00 X 261721 0 59195 CAROLYN AU SENIOR VICE PRESIDENT 35.00 0.00 X 223693 0 38947 RICHARD P CONLEY SENIOR VICE PRESIDENT 35.00 0.00 X 230696 0 50198 CHRISTOPHER R HOOKE SENIOR VICE PRESIDENT 35.00 0.00 X 145078 0 35559 THOMAS P MCGRATH SENIOR VICE PRESIDENT 1.00 34.00 X 6657 222134 45289 DOUGLAS L OLCOTT SENIOR VICE PRESIDENT 35.00 0.00 X 171693 0 43708 NICHOLAS V PETRAGNANI JR SENIOR VICE PRESIDENT 35.00 0.00 X 151654 0 38895 ROBERT L RIGGS SENIOR VICE PRESIDENT 35.00 0.00 X 193955 0 47485 DAVID ROTHBERG SENIOR VICE PRESIDENT 29.80 5.20 X 244213 43096 27063 ALEXANDRA M SEWELL SENIOR VICE PRESIDENT 35.00 0.00 X 233040 0 4469 MICHAEL A SKREBUTENAS SENIOR VICE PRESIDENT 35.00 0.00 X 120141 0 11520 CHRISTOPHER C BANINO VICE PRESIDENT 30.50 4.50 X 54310 7916 11337 TRACY M CONLEY VICE PRESIDENT 35.00 0.00 X 85893 0 12568 MELANIE A CROCCO VICE PRESIDENT 35.00 0.00 X 102289 0 33598 ANDREW J D'AGOSTINO VICE PRESIDENT 35.00 0.00 X 89684 0 31358 JAIME S DEMASO VICE PRESIDENT 31.50 3.50 X 134279 14920 26003 JEFFREY B ELY VICE PRESIDENT 30.50 4.50 X 120619 17582 14299 OKSANA GABER VICE PRESIDENT 35.00 0.00 X 57576 0 24529 ANDREA D GLADSTONE VICE PRESIDENT 35.00 0.00 X 159666 0 43431 SUSAN L GOLDBERGER VICE PRESIDENT 35.00 0.00 X 178599 0 7397 LU JIN VICE PRESIDENT 2.60 32.40 X 11301 139385 34454 MIRIAM T KULNIS SENIOR VICE PRESIDENT 35.00 0.00 X 246844 0 15714 PATRICK B LOCKHART VICE PRESIDENT 28.90 6.10 X 150241 31870 36321 SUSAN C MCCLURE VICE PRESIDENT 30.50 4.50 X 213181 31074 56519 FL ANDREW PADIAN VICE PRESIDENT 35.00 0.00 X 140504 0 30281 HELENE S RUDOLPH VICE PRESIDENT 35.00 0.00 X 170310 0 38200 MARY SCHOUENBORG-PADEN VICE PRESIDENT 35.00 0.00 X 127009 0 24498 DANIEL J WHEELER VICE PRESIDENT 35.00 0.00 X 166556 0 38963 WILLIAM A BURKE SVP, CPCR 21.50 13.50 X 159453 99676 36220 KENNETH J GALLAGHER DIR ACCTG OPS 30.50 4.50 X 119919 17479 20233 JAMES P MILLARD AVP PROJ MGR 4.50 30.50 X 18604 125493 21824 LEON SHNAYDER SR NETWORK ADMIN 30.50 4.50 X 115290 16804 37025 DEBORAH A WIDERKEHR VP, CPCR 3.90 31.10 X 19376 152609 26204 BRUCE S DALE SENIOR VICE PRESIDENT (FORMER) 35.00 0.00 X 214828 0 8009 SUSAN M POLLOCK SVP, CPCR (FORMER) 0.00 0.00 X 0 279092 0 5742704 1600199 1168993 31 1 1 0 CAPSTONE ADVISORY GROUP LLC 250 PEHLE AVENUE SADDLE BROOK NJ 07663 CONSULTING 1264565 IBM CORPORATION PO BOX 643600 PITTSBURGH PA 15264 INFORMATION TECHNOLOGY 876084 KPMG LLP PO BOX 120001 DALLAS TX 75312 AUDITORS 495400 MCCRACKEN FINANCIAL SOLUTIONS CORP 8 SUBURBAN PARK DRIVE BILLERICA MA 01821 INFORMATION TECHNOLOGY 167753 ECI ENTERPRISES LTD 9 SPRING RIDGE COURT DANBURY CT 06811 CONSULTING 142610 5 2618906 25000 2643906 MORTGAGE LOAN INTEREST 522292 18038623 18038623 SERVICING FEES 522390 6722518 6722518 MORTGAGE LOAN COMMITMENT FEES 522292 4395021 4395021 GAIN ON SALE OF LOANS 522292 2702483 2702483 PENALTY & LATE CHARGES 522390 980505 980505 291449 291449 33130599 1209204 1209204 181411 181411 0 6354202 6125966 228236 228236 228236 37211945 34568039 0 0 103400 103400 3000 3000 7243958 4294153 2949805 5051324 3712309 1339015 381015 271529 109486 593352 445480 147872 741654 509174 232480 839317 839317 233576 233576 933860 331204 602656 145454 6289 139165 600525 387203 213322 955764 697852 257912 1947542 1329547 617995 206676 141094 65582 35352 24134 11218 14455121 14455121 952484 650241 302243 447184 447184 LOAN LOSS RESERVE INCRE 1360124 1360124 OTHER LOAN-RELATED EXPE 571862 571862 REO PROPERTY EXPENSES 399552 399552 UNRELATED BUSINESS INCO 6604 6604 267426 94639 172787 38476126 29787907 8688219 0 170881465 179833060 63486684 82125235 1251418 1075576 544200 317321 8077841 5373477 3290706 2704364 44175157 52403279 492817592 372661753 11842000 17906569 16545502 9697399 804834724 718724556 4668201 5845673 353500 189453500 225553582 532927032 416100272 24625254 10746852 751673987 658599879 X 53160737 60124677 53160737 60124677 804834724 718724556 X -1264181 8228121 X X 0 1 X 1 1 1 X 58843 2682766 2259072 850 2643906 7645437 73727524 66992996 49454141 40770426 33130599 264075686 73786367 69675762 51713213 40771276 35774505 271721123 0 4109666 1258689 1304450 631491 991191 8295487 4109666 1258689 1304450 631491 991191 8295487 263425636 44253 336178 178108 205655 386057 1150251 44253 336178 178108 205655 386057 1150251 73830620 70011940 51891321 40976931 36160562 272871374 0.96540 0.96380 0.00420 0.00300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 10000 0 0 1 150000 0 0 160000 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, 2014, OFFICERS OF THE CORPORATION DID LOBBY WITH RESPECT TO FEDERAL, STATE, AND LOCAL LEGISLATION RELATING TO AFFORDABLE HOUSING ISSUES. 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 $150,000 AND EXPENSES FOR MAILINGS ARE ESTIMATED AT LESS THAN $10,000. THE CORPORATION'S TOTAL LOBBYING EXPENDITURES FOR THE FISCAL YEAR ENDED JUNE 30, 2014, ARE THEREFORE ESTIMATED TO HAVE BEEN LESS THAN $160,000. 0 1 X 74891 73650 1241 655176 483671 171505 7347774 4816156 2531618 2704364 CPC RESOURCES INC & CPC NOMINEE 1 INC 52403279 C 52403279 CONSTRUCTION LOANS 92283560 C CONSTRUCTION LOAN PARTICIPATIONS 123815935 C PERMANENT MORTGAGE LOANS 14875419 C PERMANENT LOAN PARTICIPATIONS 141686839 C 372661753 DUE TO PARTICIPANTS 10746852 10746852 X 80820218 45552631 45552631 35267587 1944358 1944358 37211945 73856277 36273126 36273126 37583151 892975 892975 38476126 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, 2014, THE CORPORATION HELD APPROXIMATELY $143 MILLION OF BORROWER ESCROW FUNDS AND APPROXIMATELY $82 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, 2014, WHICH ARE FROM JULY 1, 2010 THROUGH JUNE 30, 2013. 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 GENERAL AND ADMINISTRATIVE EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME OF NON-EXEMPT SUBSIDIARIES INCLUDED IN CONSOLIDATED AUDIT 45,140,631. RECLASS UNREALIZED LOSS ON FMV OF LOANS 412,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS FAIR VALUE ADJUSTMENT - REO 408,359. RECLASS FAIR VALUE ADJUSTMENT - MSR RECLASS RENTAL EXPENSES 484,616. DIVIDEND FROM NON-EXEMPT SUBSIDIARY 1,051,383. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF NON-EXEMPT SUBSIDIARIES INCLUDED IN CONSOLIDATED AUDIT 35,861,126. RECLASS UNREALIZED LOSS ON FMV OF LOANS 412,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS RENTAL EXPENSES 484,616. RECLASS FAIR VALUE ADJUSTMENT - REO 408,359. RECLASS FAIR VALUE ADJUSTMENT - MSR 1 HONOR EHG INC 38 SEWARD AVENUE MIDDLETOWN NY 10940 141596731 501(C)(3) 24000 COMMUNITY DEVELOPMENT PEDRO REALTY CORP 1328 NEW YORK AVE HUNTINGTON STATION NY 11746 132678947 24400 COMMUNITY DEVELOPMENT RURAL ULSTER PRESERVATION CORP 289 FAIR STREET KINGSTON NY 12401 222368174 501(C)(3) 55000 COMMUNITY DEVELOPMENT COMMUNITY DEVELOPMENT 2 1 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 1 1 0 0 0 0 0 0 RAFAEL E CESTERO PRESIDENT & CEO 249452 83151 187500 62500 13898 4633 5738 1913 17822 5941 474410 158138 0 0 RICHARD A KUMRO EVP, GENL COUNSEL, SECY 165951 89358 0 0 16714 9000 21548 11603 13821 7442 218034 117403 0 0 KEVIN T MORAN EVP, CFO & TREASURER 198327 53517 0 0 14490 3910 25876 6982 14958 4036 253651 68445 0 0 SARAH J SINGMAN EXEC VICE PRESIDENT, & COO 243321 0 0 0 18400 0 33150 0 26045 0 320916 0 0 0 CAROLYN AU SENIOR VICE PRESIDENT 222956 0 0 0 737 0 23037 0 15910 0 262640 0 0 0 RICHARD P CONLEY SENIOR VICE PRESIDENT 211386 0 0 0 19310 0 30550 0 19648 0 280894 0 0 0 CHRISTOPHER R HOOKE SENIOR VICE PRESIDENT 122830 0 16075 0 6173 0 15916 0 19643 0 180637 0 0 0 THOMAS P MCGRATH SENIOR VICE PRESIDENT 5924 197177 0 0 733 24957 883 29407 437 14562 7977 266103 0 0 DOUGLAS L OLCOTT SENIOR VICE PRESIDENT 147850 0 0 0 23843 0 23173 0 20535 0 215401 0 0 0 NICHOLAS V PETRAGNANI JR SENIOR VICE PRESIDENT 143315 0 0 0 8339 0 19660 0 19235 0 190549 0 0 0 ROBERT L RIGGS SENIOR VICE PRESIDENT 175823 0 0 0 18132 0 26169 0 21316 0 241440 0 0 0 DAVID ROTHBERG SENIOR VICE PRESIDENT 187470 33083 42500 7500 14243 2513 2125 375 20879 3684 267217 47155 0 0 ALEXANDRA M SEWELL SENIOR VICE PRESIDENT 216137 0 0 0 16903 0 2056 0 2413 0 237509 0 0 0 JAIME S DEMASO VICE PRESIDENT 104975 11664 13500 1500 15804 1756 3728 414 19675 2186 157682 17520 0 0 JEFFREY B ELY VICE PRESIDENT 94892 13832 0 0 25727 3750 1175 171 11305 1648 133099 19401 0 0 ANDREA D GLADSTONE VICE PRESIDENT 153702 0 0 0 5964 0 19668 0 23763 0 203097 0 0 0 SUSAN L GOLDBERGER VICE PRESIDENT 153980 0 0 0 24619 0 2077 0 5320 0 185996 0 0 0 LU JIN VICE PRESIDENT 9557 117872 375 4625 1369 16888 1468 18105 1116 13765 13885 171255 0 0 MIRIAM T KULNIS SENIOR VICE PRESIDENT 221522 0 0 0 25322 0 5313 0 10401 0 262558 0 0 0 PATRICK B LOCKHART VICE PRESIDENT 119628 25376 6600 1400 24013 5094 17993 3817 11972 2539 180206 38226 0 0 SUSAN C MCCLURE VICE PRESIDENT 187141 27278 0 0 26040 3796 28328 4129 21001 3061 262510 38264 0 0 FL ANDREW PADIAN VICE PRESIDENT 131948 0 0 0 8556 0 18273 0 12008 0 170785 0 0 0 HELENE S RUDOLPH VICE PRESIDENT 151733 0 0 0 18577 0 22901 0 15299 0 208510 0 0 0 MARY SCHOUENBORG-PADEN VICE PRESIDENT 118215 0 0 0 8794 0 16741 0 7757 0 151507 0 0 0 DANIEL J WHEELER VICE PRESIDENT 136681 0 20000 0 9875 0 19741 0 19222 0 205519 0 0 0 WILLIAM A BURKE SVP, CPCR 143480 89691 0 0 15973 9985 20399 12751 1889 1181 181741 113608 0 0 KENNETH J GALLAGHER DIR ACCTG OPS 118907 17332 0 0 1012 147 321 47 17338 2527 137578 20053 0 0 JAMES P MILLARD AVP PROJ MGR 17377 117216 0 0 1227 8277 2454 16550 364 2456 21422 144499 0 0 LEON SHNAYDER SR NETWORK ADMIN 115096 16776 0 0 194 28 12359 1801 19956 2909 147605 21514 0 0 DEBORAH A WIDERKEHR VP, CPCR 16553 130377 0 0 2823 22232 2542 20022 410 3230 22328 175861 0 0 BRUCE S DALE SENIOR VICE PRESIDENT (FORMER) 47826 0 144520 0 22482 0 7123 0 886 0 222837 0 0 0 SUSAN M POLLOCK SVP, CPCR (FORMER) 0 40000 0 0 0 239092 0 0 0 0 0 279092 0 0 PART I, LINES 4A-C SCHEDULE J, LINE 4A - SEVERANCE PAYMENTS: FROM THE FROM RELATED ORGANIZATION ORGANIZATION SUSAN POLLOCK - 239,000 VARIOUS DIRECTORS DIRECTORS SEVERAL OF THE CORPORATION'S DIRECTORS AT ANY GIVEN TIME ARE INCUMBENT SENIOR OFFICIALS OF FINANCIAL INSTITUTIONS THAT ARE MEMBERS OF, 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 6 THE CORPORATION HAS FOUR CLASSES OF MEMBERS: CLASS A CONSISTS OF FOUNDING COMMERCIAL BANKS AND IS A CLOSED CLASS; CLASS B CONSISTS SOLELY OF THE NEW YORK STATE BANKERS ASSOCIATION; CLASS C CONSISTS OF LIFE INSURANCE COMPANIES; CLASS D CONSISTS OF FINANCIAL INSTITUTIONS AND OTHERS THAT DO NOT FIT WITHIN THE OTHER THREE CLASSES. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBERSHIP CLASS HAS THE RIGHT TO VOTE FOR TWO OF THE CORPORATION'S DIRECTORS (THE REMAINDER OF THE BOARD BEING ELECTED AT-LARGE BY THE BOARD ITSELF), AND UNDER NEW YORK LAW THE MEMBERS ALSO HAVE CERTAIN RIGHTS TO VOTE ON MAJOR ISSUES SUCH AS MERGERS AND DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7B UNDER NEW YORK LAW, THE MEMBERS HAVE CERTAIN RIGHTS TO VOTE ON MAJOR ISSUES SUCH AS MERGERS AND DISSOLUTION. 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 AVAILABLE TO THE PUBLIC BUT ARE AVAILABLE TO THE CORPORATION'S MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY IN NON-EXEMPT SUBSIDIARIES 8,228,121. 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 2443732 126329679 THE COMMUNITY PRESERVATION CORPORATION CPC FUNDING SPE 2 LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 854501 31285911 THE COMMUNITY PRESERVATION CORPORATION CPC FUNDING SPE 3 LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 0 0 THE COMMUNITY PRESERVATION CORPORATION CPC DISASTER RECOVERY LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 DISASTER RECOVERY SERVICES NY 2618906 562750 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 4143 HAYWARD HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 49045 THE COMMUNITY PRESERVATION CORPORATION 4196 KENNEDY BLVD LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 1500000 THE COMMUNITY PRESERVATION CORPORATION 7786 MADISON AVE LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 58897 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 99696 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 50000 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 86654 THE COMMUNITY PRESERVATION CORPORATION 48052 LAPIERRE HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 18991 THE COMMUNITY PRESERVATION CORPORATION 48053 LAPIERRE HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 22404 THE COMMUNITY PRESERVATION CORPORATION 70082 SHONNARD HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 227695 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 225926 THE COMMUNITY PRESERVATION CORPORATION 70165 COUNTRY VILLAGE HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY THE COMMUNITY PRESERVATION CORPORATION 70181 MCCLELLAN HOLDINGS LLC 28 EAST 28TH STREET 9TH FLOOR NEW YORK NY 10016 132792409 TITLEHOLDER NY 619 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 171000 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 INVESTMENT, CONSULTING, REAL ESTATE DEVELOPMENT NY THE COMMUNITY PRESERVATION CORPORATION C 9176850 138761678 1.00000 1 CPC NOMINEE 1 INC 28 EAST 28TH STREET NEW YORK NY 10016 133947975 REAL ESTATE NOMINEE NY THE COMMUNITY PRESERVATION CORPORATION C 88170 1.00000 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 1 1 0 CPC RESOURCES INC A 181411 CASH CPC RESOURCES INC J 181411 CASH CPC RESOURCES INC N 699589 CASH CPC RESOURCES INC O 2744760 CASH CPC RESOURCES INC Q 3625760 CASH CPC RESOURCES INC F 1051383 CASH