2013-07-01T07:24:10-05:00 2012-12-31 943108253 NOVOGRADAC & COMPANY LLP 249 E OCEAN BLVD SUITE 900 LONG BEACH CA 90802 990 2012-01-01 352175243 PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION PHOE 6022625040 200 W WASHINGTON STREET 20TH FLOOR PHOENIX AZ 85003 ROBERTO E FRANCO 6022625040 2013-07-01 1 WILLIAM LETSINGER P00478303 5624329482 2012 2016-02-24 21:20:13Z ROBERTO E FRANCO 200 WEST WASHINGTON STREET 20TH FLOOR PHOENIX AZ 85003 1185829 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 THE INTERNAL REVENUE CODE SECTION 45D AND TREASURY REGULATIONS THEREUNDER. 7 4 0 0 0 0 64000 64000 819833 923326 201693 198503 0 0 1085526 1185829 11343 78965 0 0 0 0 0 0 0 780465 870829 791808 949794 293718 236035 9289375 9556022 307757 382480 8981618 9173542 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 THE INTERNAL REVENUE CODE SECTION 45D AND TREASURY REGULATIONS THEREUNDER. 0 0 743047 78965 922726 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. $68,051 OF THE GRANTS AWARDED PROVIDED WORK READINESS, CAREER PLANNING, AND WORK EXPERIENCE SKILLS FOR YOUTH WHO RESIDE IN NMTC TRACTS. ELIGIBLE PARTICIPANTS ARE BETWEEN THE AGES OF 14 AND 24 YEARS OLD AT THE START OF THE PROGRAM. $8,002 OF THE GRANTS AWARDED TO NMTC ELIGIBLE YOUTH PURSUING POST-SECONDARY EDUCATION BY PROVIDING ASSISTANCE FOR TUITION, BOOKS, SUPPLIES AND OTHER NECESSARY, QUALIFIED ITEMS. $2,912 OF THE GRANTS AWARDED PROVIDED ASSISTANCE TO LMI, NMTC QUALIFIED YOUTH TO PARTICIPATE IN AN INTERNATIONAL YOUTH AMBASSADOR PROGRAM. 45278 0 600 ACCESS TO CAPITAL PROGRAM - TO PROVIDE EDUCATION, CUSTOMIZED CONSULTING, AND COACHING FOR SMALL BUSINESS OWNERS IN, OR SERVING, LOW-TO-MODERATE INCOME AREAS. 2500 0 0 BUSINESS LOAN ALLIANCE PROGRAM - TO LEVERAGE LOAN FUNDS TO ATTRACT GREATER INVESTMENT IN LOW-TO-MODERATE INCOME AREAS. 790825 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 6022625040 200 W WASHINGTON STREET 20TH FLOOR PHOENIX AZ 85003 GEORGE DEAN 1.00 X 0 0 0 PETE GARCIA 1.00 X 0 0 0 DON KEUTH 1.00 X 0 0 0 ROBERTO FRANCO 40.00 X X 62482 92947 82501 JEFF DEWITT 4.00 X 0 161048 67125 PATRICIA GARCIA-DUARTE 1.00 X 0 0 0 JEROME MILLER 4.00 X 0 187816 68157 KAREN LEONE 40.00 X 99083 0 45141 MARY MAGEWICK 40.00 X 99298 0 43480 KRISTINE BEAIRD 40.00 X 69733 0 31331 MITCHELL HAYDEN 40.00 X 108723 0 34277 439319 441811 372012 1 0 1 0 0 64000 64000 ASSET MANAGEMENT FEE 523920 750583 750583 SPONSOR FEE 523920 80000 80000 SUB-ALLOCATION FEE 523920 52653 52653 SYNDICATION FEE 523920 39490 39490 ACCESS TO ACADEMY FEES 523920 600 600 923326 198503 198503 1185829 923326 0 198503 78965 78965 8500 8500 25458 25458 78765 78765 1740 1740 14768 14768 12856 12856 3208 3208 14137 14137 NMTC PROGRAM COOORDINAT 627136 627136 PROGRAM EXPENSES 48860 48860 TEMPORARY STAFF 34124 34124 MISCELLANEOUS EXPENSE 1277 1277 949794 790825 158969 0 6578061 7161994 2684921 2365606 26393 28422 0 0 9289375 9556022 307757 382480 307757 382480 X 8917618 9045542 64000 128000 8981618 9173542 9289375 9556022 X 236035 -44111 X 0 1 X 1 0 X 64000 64000 128000 145415 333298 237747 121123 370349 1207932 145415 333298 237747 185123 434349 1335932 77359 1258573 382864 190247 222832 201693 198503 1196139 2532071 4470199 0.49710 0.39080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1556120 370349 370349 1185771 58 58 1185829 1364196 370349 47261 417610 946586 3208 3208 949794 PART XI, LINE 4B - OTHER ADJUSTMENTS: FLOW-THROUGH INCOME/LOSS FROM INVESTMENTS 58. PART XII, LINE 2D - OTHER ADJUSTMENTS: ORGANIZATIONAL COSTS 3,055. BAD DEBT EXPENSE 44,206. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION EXPENSE 3,208. 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. 4 2072 THE GRANTS ARE TO ARIZONA CALL A TEEN YOUTH RESOURCES (ACYR) SUMMER YOUTH EMPLOYMENT PROGRAM TO PROVIDE WORK READINESS, CAREER PLANNING AND WORK EXPERIENCE. 64 68051 THE GRANTS ARE FOR TUITION, BOOKS, SUPPLIES, LAPTOPS AND/OR CAMPUS PARKING. AWARDS ARE PAID TO ACYR AS A COST REIMBURSEMENT WITH PROOF OF PAYMENT AND INVOICES PROVIDED BY ACYR. ALL EXPENSES WERE PRE-APPROVED BEFORE PURCHASE. 10 5930 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. 1 2912 X X 0 0 0 0 0 0 0 0 0 ROBERTO FRANCO 62482 92947 0 0 0 0 0 82501 0 0 62482 175448 0 0 JEFF DEWITT 0 161048 0 0 0 0 0 67125 0 0 0 228173 0 0 JEROME MILLER 0 187816 0 0 0 0 0 68157 0 0 0 255973 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: FLOW-THROUGH INCOME/LOSS FROM INVESTMENTS 30. AMORTIZATION EXPENSE 3,208. ORGANIZATIONAL COSTS -3,055. SUSPENDED LOSSES -88. BAD DEBT EXPENSE -44,206. 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