2015-11-04T10:28:43-06:00 2014-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2014-01-01 133202014 HOUSING PARTNERSHIP DEVELOPMENT CORPORATION HOUS 6462173370 242 WEST 36TH STREET NEW YORK NY 10018 DANIEL MARTIN PRESIDENT & CEO 6462173370 2015-11-03 1 AARON SHAPIRO P01333816 2128674000 2014 2016-03-07 17:11:31Z DANIEL MARTIN 242 WEST 36TH STREET NEW YORK NY 10018 3298234 0 X WWW.HOUSINGPARTNERSHIP.COM X 1983 NY TO INCREASE SUPPLY OF LOW/MODERATE HOUSING IN NEW YORK CITY THROUGH NEW HOUSING PRODUCTION AND PRESERVATION, AND TO REVITALIZE NEIGHBORHOODS. 15 15 26 15 0 0 208557 321101 2855461 2883021 7029 2134 46989 -12752 3118036 3193504 200000 0 0 0 1771539 2165077 0 0 513719 860317 864877 2831856 3029954 286180 163550 5533858 5194408 693555 225285 4840303 4969123 HPDC FUNCTIONS TO PROVIDE AVAILABLE LOW AND MODERATE COST HOUSING IN THE NEW YORK METRO AREA THROUGH NEW HOUSING PRODUCTION, PRESERVATION, REHABILITATION, AS WELL AS THE REVITALIZATION AND GENTRIFICATION OF NEIGHBORHOODS. 0 0 2138545 2883021 DURING THE YEAR 2014, HPDC HAS SUCCESSFULLY CONTINUED ITS WORK TO INCREASE THE SUPPLY OF LOW AND MODERATE PRICED HOUSING IN THE NYC METRO AREA THROUGH NEW HOUSING PRODUCTION, PRESERVATION AND REHABILITATION OF DISTRESSED PROPERTIES AS WELL AS RENTAL HOUSING. 40163 HPDC HAS ADVISED AND CONSULTED OTHER NON-PROFITS AS WELL AS MUNICIPALITIES AND DEVELOPERS IN CONSTRUCTING HOUSING AND REVITALIZING NEIGHBORHOODS. 84162 PROSPECTIVE HOME BUYERS WERE PROVIDED WITH COUNSELING COURSES TO EDUCATE THEM IN THE ADVANTAGES OF HOME OWNERSHIP, FINANCIAL PLANNING AND UNDERSTANDING DEBT. 2262870 1 1 0 1 0 0 0 0 1 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 12 0 26 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X DANIEL MARTIN 6462173373 242 WEST 36TH STREET NEW YORK NY 10018 JAMES HEDDEN CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 CHARLES A GATEWOOD DIRECTOR 1.00 X 0 0 0 JOHN L KELLY ESQ DIRECTOR 1.00 1.00 X 0 0 0 JAMES BASON DIRECTOR 1.00 1.00 X 0 0 0 THOMAS OSTERMAN DIRECTOR 1.00 1.00 X 0 0 0 TODD A GOMEZ DIRECTOR 1.00 X 0 0 0 DAVID WALSH DIRECTOR 1.00 X 0 0 0 DUANE R MUTTI DIRECTOR 1.00 X 0 0 0 PAULA ROY CARETHERS DIRECTOR 1.00 X 0 0 0 VICKI BEEN EX-OFFICIO 1.00 X 0 0 0 RAYMOND SAVINO DIRECTOR 1.00 X 0 0 0 GARY RODNEY EX-OFFICIO 1.00 1.00 X 0 0 0 ERIC ENDERLIN EX-OFFICIO 1.00 1.00 X 0 0 0 DERRICK CEPHAS DIRECTOR 1.00 X 0 0 0 LEWIS JONES DIRECTOR 1.00 X 0 0 0 DANIEL MARTIN PRESIDENT & CEO 35.00 5.00 X 285366 0 18855 SHELIA MARTIN VICE PRESIDENT 35.00 5.00 X 177546 0 20416 ABIGAIL BURNS PATTERSON ASSISTANT SECRETARY 36.00 4.00 X 138771 0 30215 DANIEL MARKS COHEN VICE PRESIDENT 35.00 5.00 X 122419 0 20938 MARIE IAMMATTEO TREASURER & CFO 35.00 5.00 X 83981 0 17888 SHEILA LATIMER SECRETARY 1.00 X 17149 0 0 JOHN ABRAMO VICE PRESIDENT 40.00 1.00 X 131566 0 26669 ADAM GOLD CONTROLLER 39.00 1.00 X 101996 0 9693 1058794 0 144674 6 0 1 0 JUDICIAL TITLE INSURANCE 114 WEST 47TH STREET 19TH FLOOR NEW YORK NY 10036 CONSTRUCTION 810000 JUPITER 21 LLC 150 MYRTLE AVENUE STE 2 BROOKLYN NY 11201 CONSTRUCTION 150000 LOEB AND TROPER LLP 655 THIRD AVENUE NEW YORK NY 10017 ACCOUNTING 101215 3 195101 126000 321101 PROJECT FEES 531310 2883021 2883021 2883021 2134 2134 61499 195101 104730 -43231 -43231 BAD DEBT RECOVERY 900099 30000 30000 479 479 30479 3193504 2883021 0 -10618 933544 898549 17497 17498 917973 600344 24568 293061 77988 54592 11698 11698 98058 27842 45378 24838 137514 109682 3646 24186 12825 11977 424 424 80886 56620 12133 12133 24000 24000 61057 61057 39000 39000 139617 85811 16373 37433 94821 81105 13716 209421 149711 29855 29855 8500 6040 1230 1230 14656 10338 2159 2159 31140 21796 4672 4672 147939 144363 1788 1788 MISCELLANEOUS 1015 148 839 28 3029954 2262870 253365 513719 3908564 3630560 330484 461433 62901 75675 294023 166483 98941 127540 516940 44792 616028 854408 5533858 5194408 589024 122007 1157 103374 103278 693555 225285 X 4827622 4956442 12681 12681 4840303 4969123 5533858 5194408 163550 -34730 0 X X 0 1 X 1 0 X 581625 1078776 506100 208557 321101 2696159 2088284 1506522 2293163 2855461 2883021 11626451 2669909 2585298 2799263 3064018 3204122 14322610 0 0 0 14322610 8448 53072 22499 7029 2134 93182 8448 53072 22499 7029 2134 93182 135298 5389 193 2438 30479 173797 2813655 2643759 2821955 3073485 3236735 14589589 0.98170 0.96310 0.00640 0.00770 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INSURANCE REIMBURSEMENT OTHER INCOME BAD DEBT RECOVERY RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24000 24000 3005954 3029954 301498 75375 0 0 279025 284950 291593 301498 1157066 1735599 24000 24000 25050 24000 97050 69756 71238 72898 75375 289267 433901 0 1 X 121172 65829 55343 172851 100654 72197 127540 DUE FROM RELATED ORGANIZATIONS 786062 SECURITY DEPOSITS 68346 854408 X 3262895 -34730 104121 69391 3193504 0 3193504 3076957 47003 47003 3029954 0 3029954 PART IV, LINE 2B: HPDC IS HOLDING ESCROW FUNDS FOR POTENTIAL PAYMENTS ON NEIGHBORHOOD ENTREPRENEURS' PROGRAM-RELATED/LEAD-BASED PAINT CLAIMS. INTEREST AND ANY RESIDUAL FUNDS REVERT TO A THIRD-PARTY BENEFICIARY. PART X, LINE 2: THE GROUP HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOUSRE IN THE FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2011 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM RELATED ORGANIZATIONS 104,121. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORGANIZATIONS 47,003. WINE AND JAZZ BENEFIT 256600 195101 61499 78690 13847 12193 256600 195101 61499 78690 13847 12193 104730 -43231 X X X 0 0 0 0 0 0 0 1 0 DANIEL MARTIN PRESIDENT & CEO 226466 0 58900 0 0 0 0 0 18855 0 304221 0 0 0 SHELIA MARTIN VICE PRESIDENT 145546 0 32000 0 0 0 0 0 20416 0 197962 0 0 0 ABIGAIL BURNS PATTERSON ASSISTANT SECRETARY 118671 0 20100 0 0 0 0 0 30215 0 168986 0 0 0 JOHN ABRAMO VICE PRESIDENT 123566 0 8000 0 0 0 0 0 26669 0 158235 0 0 0 PART I, LINE 7 THE HOUSING PARTNERSHIP DOES NOT HAVE A FORMAL EXECUTIVE BONUS PROGRAM IN PLACE. EXECUTIVE BONUSES ARE DISCRETIONARY AND PROVIDED AT THE APPROVAL OF THE BOARD OF DIRECTORS. BONUSES ARE BASED ON WORK PERFORMANCE DURING THE YEAR. THE BOARD OF DIRECTORS RETAINS THE RIGHT TO APPROVE OR DISAPPROVE OF ALL BONUSES. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE 990 WILL BE PROVIDED TO THE BOARD AND THE AUDIT COMMITTEE PRIOR TO FILING. IF THERE ARE ANY ISSUES, IT WILL BE DISCUSSED WITH MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL BOARD MEMBERS, DIRECTORS, AND OFFICERS, AND SENIOR STAFF, ANNUALLY. IT IS REVIEWED AND DISCUSSED. IT MUST BE SIGNED, LISTING ANY ITEMS THAT COULD BE A CONFLICT AND RETURNED TO THE GENERAL COUNSEL. THOSE WITH CONFLICTS ARE ASKED TO RECUSE THEMSELVES FROM ANY DECISIONS RELATED TO CONFLICTING INTERESTS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE MEETS EVERY DECEMBER. THE COMPENSATION COMMITTEE IS MADE UP OF MEMBERS OF THE BOARD OF DIRECTORS AND THEY DETERMINE AND APPROVE THE OFFICERS SALARIES. THE PROCESS WAS LAST PERFORMED IN DECEMBER 2013. FORM 990, PART VI, SECTION C, LINE 19 ALL OF HPDC'S GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR. COMMUNITY PARTNERSHIP DEV CORP 242 W 36TH STREET NEW YORK NY 10018 133202014 ADMINISTERS LOANS TO HELP SMALL MINORITY BUILDERS COVER DEVELOPMENT COSTS NY 501(C)(3) LINE 9 N/A 0 NYC PARTNERSHIP HDFC INC 242 W 36TH STREET NEW YORK NY 10018 133202018 EXECUTES CONTRACTS WITH GOV'T ENTITIES FOR APPLICATION OF PUBLIC FUNDS NY 501(C)(3) PF N/A 0 ORANGE COUNTY HDFC 242 W 36TH STREET NEW YORK NY 10018 900518507 HOUSING NY 501(C)(3) LINE 9 NYC PARTNERSHIP HDFC INC 0 RESIDENTIAL INTEGRATED SOLUTIONS CORPORATION 242 W 36TH STREET NEW YORK NY 10018 133851936 HOUSING NY 501(C)(3) LINE 9 N/A 0 GREATER NEWARK HOUSING PARTNERSHIP INC 275 CHESTNUT STREET NEW JERSEY NJ 07105 261968933 HOUSING NJ 501(C)(3) LINE 9 N/A 0 RSA MORTGAGE BROKERAGE 242 WEST 36TH STREET NEW YORK NY 10018 465518772 HOUSING NY N/A RELATED 49379 0 0 0.50000 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0