2015-05-13T18:23:05-05:00 2014-12-31 943108253 NOVOGRADAC & COMPANY LLP 249 E OCEAN BLVD SUITE 900 LONG BEACH CA 90802 990 2014-01-01 352175243 PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION PHOE 6025342236 200 W WASHINGTON STREET 20TH FLOOR PHOENIX AZ 85003 ROBERTO E FRANCO PRESIDENT 6025342236 2015-05-13 1 WILLIAM LETSINGER P00478303 5624329482 2014 2016-02-25 16:41:14Z ROBERTO E FRANCO 200 WEST WASHINGTON STREET 20TH FLOOR PHOENIX AZ 85003 2064722 0 X WWW.PHOENIXNEWMARKETS.ORG X 2002 AZ TO ALLEVIATE POVERTY AND COMBAT COMMUNITY DETERIORATION THROUGH SERVING OR PROVIDING INVESTMENT CAPITAL FOR QUALIFIED LOW-INCOME COMMUNITIES THROUGH COMMUNITY DEVELOPMENT ENTITIES IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 45D AND THE TREASURY REGULATIONS THEREUNDER. 7 4 0 0 0 0 64583 85818 3943674 1647059 162458 283416 0 48429 4170715 2064722 17362 6269 0 0 0 0 0 0 0 1025485 899287 1042847 905556 3127868 1159166 12727771 13811936 422431 326196 12305340 13485740 X TO ALLEVIATE POVERTY AND COMBAT COMMUNITY DETERIORATION THROUGH SERVING OR PROVIDING INVESTMENT CAPITAL FOR QUALIFIED LOW-INCOME COMMUNITIES THROUGH COMMUNITY DEVELOPMENT ENTITIES IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 45D AND THE TREASURY REGULATIONS THEREUNDER. 0 0 614825 0 1482353 NEW MARKETS TAX CREDIT LOAN PROGRAM - TO ATTRACT AND PROVIDE FUNDS FOR PROJECTS THAT WILL IMPROVE THE QUALITY OF LIFE OF THOSE INDIVIDUALS WHO LIVE AND WORK IN UNDERSERVED AREAS OF THE COMMUNITY. 54651 0 164706 NON-NEW MARKETS SMALL BUSINESS LOANS TO BUSINESSES THAT WOULD NOT QUALIFY FOR TRADITIONAL LENDING, DESIGNED TO ASSIST IN THOSE COMMUNITIES THAT WE SERVE. 19932 6269 0 GRANTS OF $433 WERE AWARDED TO NMTC ELIGIBLE YOUTH PURSUING POST-SECONDARY EDUCATION BY PROVIDING ASSISTANCE FOR TUITION, BOOKS, SUPPLIES AND OTHER NECESSARY, QUALIFIED ITEMS. ALSO, $5,836 OF GRANTS WERE AWARDED TO PROVIDE ASSISTANCE TO LMI, NMTC QUALIFIED YOUTH TO PARTICIPATE IN AN INTERNATIONAL YOUTH AMBASSADOR PROGRAM. 689408 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 4 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 1 0 AZ X PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION 6025342236 200 W WASHINGTON STREET 20TH FLOOR PHOENIX AZ 85003 GEORGE DEAN BOARD DIRECTOR 1.00 0.00 X 0 0 0 PETE GARCIA BOARD DIRECTOR 1.00 0.00 X 0 0 0 DON KEUTH BOARD DIRECTOR 1.00 0.00 X 0 0 0 ROBERTO FRANCO BOARD DIRECTOR, PRESIDENT 40.00 0.00 X X 68510 84757 70386 PATRICIA GARCIA-DUARTE BOARD DIRECTOR 1.00 0.00 X 0 0 0 DEBBIE COTTON BOARD DIRECTOR 0.20 39.80 X 0 180023 70453 DEANNA JONOVICH BOARD DIRECTOR 0.20 39.80 X 0 146512 67345 PAUL BLUE BOARD DIRECTOR 1.00 39.00 X 0 174980 79140 MARY MAGEWICK TREASURER 40.00 0.00 X 102915 0 46210 KRISTINE BEAIRD SECRETARY 40.00 0.00 X 64981 0 33293 MITCHELL HAYDEN VP/MARKETING & STRATEGIC PLANNING 40.00 0.00 X 104115 0 34843 340521 586272 401670 2 0 1 0 ACCOUNTEMPS 2375 E CAMELBACK ROAD SUITE 290 PHOENIX AZ 85016 ACCOUNTING 111510 1 85818 85818 SUB-ALLOCATION FEE 523920 850000 850000 ASSET MANAGEMENT FEE 523920 600655 600655 SPONSOR FEE 523920 144950 144950 LOAN SERVICING FEE 523920 51454 51454 1647059 283416 283416 GAIN/LOSS ON INVESTMEN 900001 48429 48429 48429 2064722 1647059 0 331845 6269 6269 4199 4199 136924 136924 9359 9359 5433 5433 2424 2424 13645 13645 NMTC PROGRAM COOORDINAT 571629 571629 TEMP EMPLOYEE 111510 111510 PROFESSIONAL SERVICES 41670 41670 MISCELLANEOUS EXPENSE 2494 2494 905556 689408 216148 0 9151880 11967845 2280044 642621 1225296 1139502 70551 61968 0 0 12727771 13811936 422431 326196 422431 326196 X 12112757 13207339 192583 278401 12305340 13485740 12727771 13811936 X 1159166 21234 X 0 1 X 1 0 X 64000 64000 64583 85818 278401 237747 121123 370349 369325 358129 1456673 237747 185123 434349 433908 443947 1735074 222321 1512753 222832 201693 198503 162458 283416 1068902 2803976 8403387 0.53950 0.57070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 2443932 358129 27656 385785 2058147 6575 6575 2064722 1263532 358129 2271 360400 903132 2424 2424 905556 PART XI, LINE 2D - OTHER ADJUSTMENTS: RECOVERY OF BAD DEBT 27,656. PART XI, LINE 4B - OTHER ADJUSTMENTS: FLOW-THROUGH INCOME/LOSS FROM INVESTMENTS 6,575. PART XII, LINE 2D - OTHER ADJUSTMENTS: ORGANIZATIONAL COSTS 2,271. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION EXPENSE 2,424. 1 THE GRANTS ARE FOR TUITION, TEXTBOOKS, HOUSING DEPOSITS AND COMPUTERS. AWARDS ARE PAID DIRECTLY TO 1) HOUSING AND ADMISSION OFFICES UPON SUBMISSION OF CLASS PRE-ENROLLMENT CONFIRMATION. 3 433 THE GRANTS ARE FOR TRAVEL EXPENSES RELATED TO THE TRAVEL ABROAD PROGRAM. AWARD PAID TO PHOENIX SISTER CITIES COMMISSION (PSCC) AS A COST REIMBURSEMENT WITH PROOF OF PAYMENT AND INVOICES PROVIDED BY PSCC. 2 5836 X X 0 0 0 0 0 0 0 0 0 ROBERTO FRANCO BOARD DIRECTOR, PRESIDENT 68510 84757 0 0 0 0 0 70386 0 0 68510 155143 0 0 DEBBIE COTTON BOARD DIRECTOR 0 180023 0 0 0 0 0 70453 0 0 0 250476 0 0 DEANNA JONOVICH BOARD DIRECTOR 0 146512 0 0 0 0 0 67345 0 0 0 213857 0 0 PAUL BLUE BOARD DIRECTOR 0 174980 0 0 0 0 0 79140 0 0 0 254120 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY TAX PREPARER. THE PRESIDENT AND VICE PRESIDENT OF THE FILING ORGANIZATION REVIEW THE RETURN FOR ACCURACY PRIOR TO FILING WITH THE IRS. THE RETURN IS MAILED TO THE BOARD MEMBERS FOR REVIEW PURPOSES BUT APPROVAL IS NOT REQUIRED BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C A CODE OF ETHICS AND CONFLICT OF INTEREST HANDBOOK IS GIVEN TO THE DIRECTOR WHEN HE/SHE IS ELECTED. PRIOR TO VOTING ON THE ORGANIZATIONS MATTERS, ALL DIRECTORS ARE REQUIRED TO DECLARE ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 REVIEWS ARE PERFORMED ANNUALLY ON THE ORGANIZATION'S KEY OFFICERS AND EMPLOYEES. THESE REVIEWS ARE USED TO DETERMINE ANNUAL RAISES WHICH ARE DICTATED BY THE CITY OF PHOENIX COMPENSATION POLICY. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART XI, LINE 9: FLOW-THROUGH INCOME/LOSS FROM INVESTMENTS -5,719. AMORTIZATION EXPENSE 2,424. ORGANIZATIONAL COSTS -2,271. SUSPENDED LOSSES -973. RECOVERY OF BAD DEBT 27,656. GAIN/LOSS ON INVESTMENT 117. 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