2015-08-18T15:11:08-05:00 2014-10-01 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE SUITE 4000 INDIANAPOLIS IN 46204 990 2014-07-01 133010779 APPLE INDUSTRIAL DEVELOPMENT CORP % KIM VACCARI APPL 2126195000 110 WILLIAM STREET Suite 400 NEW YORK NY 10038 bulent celik evp & treasurer 2015-08-18 ANGELA M MOORE P00244342 3176817000 2014 2016-02-25 16:41:14Z X KYLE KIMBALL 110 William Street New York NY 10038 59908872 false X www.nycedc.com X 1980 NY ADMINISTER CERTAIN ECONOMIC DEVELOPMENT PROGRAMS ON BEHALF OF THE CITY OF NEW YORK. X 4 3 16 0 0 334525 145147 196338033 57566322 2908099 1402158 4077053 795245 203657710 59908872 0 0 0 0 8997826 9593563 0 0 0 198498860 49943234 207496686 59536797 -3838976 372075 189295688 0 184918276 0 4377412 0 ADMINISTER CERTAIN ECONOMIC DEVELOPMENT PROGRAMS ON BEHALF OF THE CITY OF NEW YORK. false false 58264915 0 58361567 PURSUANT TO A CONTRACT WITH THE NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION, APPLE PROVIDES CERTAIN MANAGEMENT AND MAINTENANCE SERVICES TO PROPERTIES OWNED BY THE CITY OF NEW YORK. 58264915 true false false false false false false false true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false true false false true true false false false true 5 0 true 16 true false false false false false false false false false false X 4 3 false false false false true true true true true false false false true true true true false false false false NY X KIM VACCARI 2123124287 110 WILLIAM STREET New York NY 10038 WILLIAM CANDELARIA DIRECTOR 1.0 0.0 X 0 0 0 ALAN FRIEDBERG DIRECTOR 1.0 0.0 X 0 0 0 DMITRI KONON DIRECTOR/MEMBER 1.0 35.0 X X 0 48742 6787 JAMES McSPIRIT DIRECTOR 1.0 0.0 X 0 0 0 KYLE KIMBALL PRESIDENT 1.0 35.0 X 0 59105 14025 ZACHARY SMITH MEMBER/SENIOR VICE PRESIDENT 1.0 35.0 X 0 54373 7612 JOHN CICERELLO SENIOR VICE PRESIDENT 1.0 35.0 X 0 48933 6851 KIM VACCARI SENIOR VICE PRESIDENT 1.0 35.0 X 0 54373 5323 RICHARD COTE VICE PRESIDENT 1.0 35.0 X 0 51288 11699 SPENCER HOBSON TREASURER 1.0 35.0 X 0 46465 12049 BULENT CELIK ASSISTANT TREASURER 1.0 35.0 X 0 38662 4639 MEREDITH J JONES SECRETARY/GENERAL COUNSEL 1.0 35.0 X 0 51843 9390 MARK SILVERSMITH ASSISTANT SECRETARY 1.0 35.0 X 0 47777 12439 0 501561 90814 0 false false false AMERICAN EXPRESS BOX 1270 NEWARK NJ 07101 PAYMENT SERVICES 364664 MOTIVATED SECURITY SERVICES BOX 215 SOMERVILLE NJ 08876 SECURITY SERVICES 1057490 THYSSENKRKUPP ELEVATOR CORP 59 OTIS STREET WEST BABYLON NY 11704 ELEVATOR REPAIR 289228 PORT AUTHORITY OF NY NJ BOX 95000 PHILADELPHIA PA 19195 RENT 260187 UNISYS ELECTRIC 19 IRVING PLACE STATEN ISLAND NY 10304 FIRE ALARM REPAIR 355897 16 145147 145147 PROPERTY RENTALS 531120 55568269 55568269 TENANT REIMBURSEMENTS 531120 1998053 1998053 57566322 1402158 1402158 0 0 0 0 0 0 0 0 0 PROJECT COST REIMBURSEMENT 523000 78867 78867 FEE INCOME 531120 66968 66968 RECOVERY OF BAD DEBT 531120 64946 64946 584464 584464 795245 59908872 58361567 1402158 0 0 0 0 0 0 7201711 7201711 0 2391852 2391852 0 56044 56044 48714 48714 31607 31607 0 0 70531 70531 1832202 1025772 806430 45984 45984 99198 99198 77 77 0 4693273 4693273 11796 11796 0 8102 8102 0 0 36246 36246 858632 858632 PYMT TO NYCEDC 13687354 13687354 PYMT-NYC FOR 42ND DEV. PROJ 18448855 18448855 REPAIRS & MAINTENANCE 4088359 4088359 BAD DEBT EXPENSE 4722294 4722294 1203966 945410 258556 59536797 58264915 1271882 0 0 0 78787549 0 0 0 102566842 0 0 0 0 0 0 0 0 0 312839 0 769115 0 0 0 0 0 0 0 0 6859343 0 189295688 0 7207130 0 0 0 111435720 0 0 0 6859342 0 0 0 0 0 0 0 59416084 0 184918276 0 X 52326 0 4325086 0 0 0 4377412 0 189295688 0 X 372075 -4749487 X false true X true false X 372269 280466 431107 334525 145147 1563514 123314159 147017050 177577470 196338033 57566322 701813034 0 0 0 123686428 147297516 178008577 196672558 57711469 703376548 0 0 0 703376548 68716 2422645 3387906 2908099 1402158 10189524 0 68716 2422645 3387906 2908099 1402158 10189524 0 690004 7520718 1675800 4077053 795245 14758820 124445148 157240879 183072283 203657710 59908872 728324892 0.96575 0.97027 0.01399 0.01129 X false true X 59908872 59908872 59908872 45849443 45849443 13687354 13687354 59536797 TENANT ESCROW ACCOUNTS SCHEDULE D, PART IV THE ORGANIZATION GENERALLY REQUIRES TENANTS TO PAY TWO MONTHS' RENT AS A SECURITY DEPOSIT AT THE TIME THE LEASE IS EXECUTED. THE ORGANIZATION WILL REFUND THE SECURITY DEPOSIT ONCE THE TENANT VACATES The PREMISES PROVIDED THERE ARE NO OUTSTANDING AMOUNTS OWED OR DAMAGES TO THE PREMISES. RECONCILIATION OF EXPENSES PER AFS TO FORM 990 SCHEDULE D, PART XII, LINE 4B PAYMENT TO NYCEDC - $13,687,354 NET ASSETS 2014-10-01 4749487 FMV 455311842 NEW YORK CITY ECONOMIC DEVELOPMENT 110 WILLIAM STREET NEW YORK NY 10038 GOVERNMENT true true false false true true true true false SCHEDULE N, PART I, LINE 2E NET ASSETS WERE TRANSFERRED TO NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION EIN: 45-5311842 (PREVIOUSLY NAMED NEW YORK CITY ECONOMIC GROWTH CORPORATION). THIS TRANSFEREE ENTITY IS A GOVERNMENTAL ORGANIZATION. SCHEDULE O SUPPLEMENTAL INFORMATION HEADING ITEM B - TERMINATED FROM INCEPTION, APPLE INDUSTRIAL DEVELOPMENT CORP. HAS BEEN A LOCAL DEVELOPMENT CORPORATION ORGANIZED PURSUANT TO SECTION 1411 OF THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK (THE "STATE"). APPLE INDUSTRIAL HAS BEEN RECOGNIZED BY THE IRS AS A TAX-EXEMPT ORGANIZATION UNDER IRC SECTION 501(C)(3), AND A WHOLLY OWNED INSTRUMENTALITY OF THE CITY OF NEW YORK (THE "CITY"). IN FURTHERANCE OF ITS BUSINESS OBJECTIVES, APPLE INDUSTRIAL MERGED WITH AND INTO NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION ("NYCEDC") EFFECTIVE OCTOBER 1, 2014 AND CEASED TO EXIST AS OF THAT DATE. NYCEDC IS A NOT-FOR-PROFIT CORPORATION WITH ITS INCOME EXEMPT FROM FEDERAL TAXATION UNDER IRC SECTION 115. FORM 990, PART VI, QUESTION 6 THE MEMBERS OF THE CORPORATION SHALL BE NO LESS THAN THREE, NOR MORE THan THIRTY IN NUMBER, AS A MAJORITY OF THE MEMBERS THEN IN OFFICE MAY DETERMINE, ALTHOUGH LESS THAN A QUORUM EXISTS, PROVIDED THAT THE NUMBER OF MEMBERS MAY NOT BE REDUCED SO AS TO SHORTEN THE TERM OF ANY INCUMBENT MEMBER. EACH MEMBER SHALL BE A PERSON PROMINENT IN THE FINANCIAL, COMMERCIAL, INDUSTRIAL, PROFESSIONAL, REAL ESTATE OR LABOR COMMUNITIES OF NEW YORK CITY OR A PUBLIC OFFICIAL OR EMPLOYEE OF THE CITY OF NEW YORK OR AN OFFICER OR EMPLOYEE OF NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION. ANY MEMBER WHO IS AN OFFICIAL OR EMPLOYEE OF THE CITY OF NEW YORK OR AN OFFICER OR EMPLOYEE OF NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION SHALL CEASE TO BE A MEMBER AT ANY TIME HE OR SHE IS NOT EMPLOYED BY EITHER THE CITY OF NEW YORK OR NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION. MEMBERS SHALL BE ADMITTED BY A MAJORITY VOTE OF THE MEMBERS PRESENT AT A MEETING. MEMBERS SHALL BE APPOINTED FOR A TERM OF ONE YEAR AND SHALL BE APPOINTED AT THE ANNUAL MEMBERSHIP MEETING AFTER THE ELECTION OF DIRECTORS. MEMBERS SHALL SERVE UNTIL THE APPOINTMENT OF THEIR SUCCESSORS, OR UNTIL THEIR PRIOR RESIGNATION OR REMOVAL. A MEMBER APPOINTED TO AN UNFINISHED TERM SHALL SERVE UNTIL THE ANNUAL APPOINTMENT DATE SUBSEQUENT TO HIS OR HER APPOINTMENT AND THE APPOINTMENT OF HIS OR HER SUCCESSOR, OR UNTIL HIS OR HER PRIOR RESIGNATION OR REMOVAL. MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY Form 990, Part VI, Question 7a PURSUANT TO APPLE BY-LAWS, THE MEMBERS ELECT DIRECTORS WHO SERVE ON APPLE'S BOARD OF DIRECTORS. THE BOARD OF DIRECTORS IS APPLE's GOVERNING BODY. DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL BY MEMBER FORM 990, PART VI, QUESTION 7B APPLE'S BY-LAWS PROVIDE THAT THE EXACT NUMBER OF MEMBERS SHALL BE FIXED BY THE MEMBERS AND THE NUMBER OF DIRECTORS SHALL BE FIXED BY THE MEMBERS. IN ADDITION, APPLE'S BY-LAWS PROVIDE THAT THEY MAY ONLY BE ADOPTED, AMENDED OR REPEALED BY THE MEMBERS (AND NOT BY THE DIRECTORS OR A COMMITTEE THEREOF). PURSUANT TO THE NEW YORK STATE NOT-FOR-PROFIT CORPORATION LAW (npcl) UNDER WHICH APPLE IS INCORPORATED, MEMBERS ELECT THE DIRECTORS OF APPLE. ALSO, UNDER THE NPCL, THE APPROVAL OF TWO-THIRDS OF APPLE'S MEMBERS IS REQUIRED FOR ANY MERGER, CONSOLIDATION, DISSOLUTION OR SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF APPLE. Describe the Process used by Management &/or Governing Body to Review 990 Form 990, Part VI, Question 11b THE RETURN PREPARER PROVIDED THE FINAL COPY OF FORM 990 TO THE CORPORATE OFFICERS FOR THEIR REVIEW BEFORE FILING WITH THE IRS. Description of Process to Monitor Transactions for Conflicts of Interest Form 990, Part VI, Question 12c (A) IF A DIRECTOR OR OFFICER OF APPLE IS ALSO AN EMPLOYEE OF NYCEDC, A RELATED ORGANIZATION, OR (B) IF AN OFFICER OF APPLE IS AN EMPLOYEE OF APPLE, THAT DIRECTOR OR OFFICER IS SUBJECT TO CONFLICT OF INTEREST CHAPTER 68 ("CHAPTER 68") OF THE CITY'S CHARTER. CURRENTLY, ONE DIRECTOR AND ALL OFFICERS OF APPLE ARE ALSO EMPLOYEES OF NYCEDC. CHAPTER 68 RESTRICTS OUTSIDE POSITIONS AND INTERESTS, ACCEPTANCE OF VALUABLE GIFTS, DISCLOSURE OF CONFIDENTIAL INFORMATION, POST-EMPLOYMENT ACTIVITIES AND OTHER ACTUAL OR PERCEIVED CONFLICTS OF INTEREST. DIRECTORS AND OFFICERS OF APPLE WHO ARE ALSO NYCEDC EMPLOYEES WITH SUBSTANTIAL POLICY DISCRETION ARE REQUIRED TO FILE FINANCIAL DISCLOSURE FORMS WITH, AND MUST UNDERGO BACKGROUND INVESTIGATION BY, THE CITY'S DEPARTMENT OF INVESTIGATION. ANY PERSON WHO IS (A) A DIRECTOR OR OFFICER OF APPLE AND (B) NOT AN EMPLOYEE OF APPLE OR NYCEDC IS SUBJECT TO THE CODE OF ETHICS FOR DIRECTORS AND OFFICERS ("CODE"), WHICH APPLE'S BOARD OF DIRECTORS ADOPTED. DURING THE period ENDING OCTOBER 1, 2014 THERE WERE 4 DIRECTORS OF APPLE WHO WERE NOT EMPLOYEES OF APPLE OR NYCEDC. IF A DIRECTOR OR OFFICER HAS A CONFLICT, THIS IS REVEALED TO THE BOARD OR COMMITTEE THEREOF BEFORE IT VOTES ON A MATTER, AND DIRECTORS RECUSE THEMSELVES FROM VOTING ON MATTERS IN WHICH THEY ARE INTERESTED. Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public Form 990, Part VI, Question 19 APPLE'S CERTIFICATE OF INCORPORATION, BY-LAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE GENERALLY AVAILABLE TO THE PUBLIC THROUGH THE WEBSITE OF NYCEDC, A RELATED ORGANIZATION AT HTTP://WWW.NYCEDC.COM. CONFLICTS OF INTEREST CHAPTER 68 OF NEW YORK CITY CHARTER IS AVAILABLE TO THE PUBLIC ON THE CONFLICTS OF INTEREST BOARD WEB SITE AT HTTP://WWW.NYC.GOV/HTML/CONFLICTS. PART XI, LINE 9 TRANSFER TO NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION (EIN: 45-5311842) - ($4,749,487). NEW YORK CITY ECONOMIC DEV CORP 110 WILLIAM STREET NEW YORK NY 10038 455311842 ECONOMIC DEV NY 115 CONY true THE CITY OF NEW YORK 110 WILLIAM STREET NEW YORK NY 10038 136400434 GOVERNMENT NY 115 NA false false false false false false false false false false false false false true true true false true false NEW YORK CITY ECONOMIC DEVELOPMENT CORP P 9593562 FMV NEW YORK CITY ECONOMIC DEVELOPMENT CORP R 13687354 FMV