PRIMARY CARE DEVELOPMENT CORPORATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PRIMARY CARE DEVELOPMENT CORPORATION (EIN 13-3711803)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-02-14
- IRS object ID
- 201320459349302007
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-02-14T13:57:20-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 113518842 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARKS PANETH & SHRON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 685 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133711803 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRIMARY CARE DEVELOPMENT CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PRIM | NameControl |
| Phone | 2124373946 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22 CORTLANDT STREET 12TH FL | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10007 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RONDA KOTELCHUCK | Name |
| Title | CHIEF EXECUTIVE OFFICER | Title |
| Phone | 2124373946 | Phone |
| Date Signed | 2013-02-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT R LYONS | Name |
| PTIN | P00227472 | PTIN |
| Phone | 2125038800 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RONDA KOTELCHUCK | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22 CORTLANDT STREET 12TH FL | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10007 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 18901497 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.PCDC.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1993 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | FOUNDED IN 1993, THE PRIMARY CARE DEVELOPMENT CORPORATION (PCDC) IS A NONPROFIT ORGANIZATION DEDICATED TO ENSURING THAT EVERY COMMUNITY HAS TIMELY AND EFFECTIVE ACCESS TO PRIMARY CARE. OUR MISSION IS TO INCREASE THE CAPACITY AND QUALITY OF PRIMARY CARE IN UNDERSERVED COMMUNITIES IN ORDER TO ACHIEVE OUR VISION OF "EXCELLENT HEALTHCARE IN EVERY NEIGHBORHOOD." TO ACHIEVE OUR MISSION, PCDC EMPLOYS THREE STRATEGIES: INVESTING IN PRIMARY CARE FACILITIES, STRENGTHENING SERVICE DELIVERY, AND LEADING POLICY INITIATIVES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 28 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 28 | NbrIndependentVotingMembers |
| Total Nbr Employees | 54 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2854767 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3506142 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4439164 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 4880793 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 358036 | InvestmentIncomePriorYear |
| Investment Income Current Year | 317415 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 68535 | OtherRevenuePriorYear |
| Other Revenue Current Year | -15560 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 7720502 | TotalRevenuePriorYear |
| Total Revenue Current Year | 8688790 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1913519 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2620548 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3913013 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4175523 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 330143 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4030789 | OtherExpensePriorYear |
| Other Expenses Current Year | 3803323 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 9857321 | TotalExpensesPriorYear |
| Total Expenses Current Year | 10599394 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2136819 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1910604 | RevenuesLessExpensesCY |
| Total Assets BOY | 76395609 | TotalAssetsBOY |
| Total Assets EOY | 74464393 | TotalAssetsEOY |
| Total Liabilities BOY | 37612965 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 37241894 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 38782644 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 37222499 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | PCDC'S MISSION IS TO EXPAND AND ENHANCE PRIMARY AND PREVENTIVE CARE IN UNDERSERVED COMMUNITIES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5737358 | Expense |
| Grants | 2620547 | Grants |
| Revenue | 3423619 | Revenue |
| Description | CAPITAL INVESTMENT: INVESTING IN PRIMARY CARE EXPANSION. SINCE ITS FOUNDING IN 1993, PCDC HAS REMAINED A KEY SOURCE OF CAPITAL FOR THE PRIMARY CARE SECTOR IN NEW YORK. PCDC HAS FINANCED 100 PRIMARY CARE PROJECTS VALUED AT $415 MILLION. THIS INVESTMENT HAS CREATED THE CAPACITY TO PROVIDE OVER 2.2 MILLION MEDICAL VISITS ANNUALLY TO MEET THE PRIMARY CARE NEEDS OF MORE THAN 900,000 UNDERSERVED NEW YORKERS. IT HAS ALSO TRANSFORMED 840,000 SQUARE FEET OF SPACE INTO FULLY FUNCTIONING PRIMARY CARE PRACTICES AND CREATED OR PRESERVED 1,800 CONSTRUCTION JOBS AND 2,800 PERMANENT JOBS IN LOW-INCOME COMMUNITIES. PCDC HAS EXPERIENCED NO LOAN LOSSES IN ITS PORTFOLIO TO DATE, AND HAS RECEIVED AN AAA+2 PERFORMANCE RATING FROM THE CDFI ASSESSMENT AND RATING SYSTEM. PCDC IS NOW PREPARING TO EXPAND ITS LENDING NATIONALLY. PCDC HAS ALSO PROVIDED CAPITAL ADVISORY SERVICES NATIONALLY. SINCE 2008, PCDC HAS SERVED AS LENDER COORDINATOR FOR THE FEDERAL HEALTH SERVICES AND RESOURCES ADMINISTRATION'S (HRSA) LOAN GUARANTEE PROGRAM, PROVIDING LOAN UNDERWRITING AND PORTFOLIO MONITORING SERVICES FOR THE PAST FOUR YEARS. PCDC HAS ADMINISTERED THE $10 MILLION COMMUNITY HEALTH CENTER GRANT PROGRAM ON BEHALF OF THE NEW YORK STATE DEPARTMENT OF HEALTH AND THE DORMITORY AUTHORITY OF NEW YORK STATE (DASNY), THE STATE'S HEALTH CARE FINANCING AUTHORITY. PCDC HAS BEEN RETAINED BY CLIENTS INCLUDING THE TIDES FOUNDATION'S COMMUNITY CLINICS INITIATIVE AND THE DISTRICT OF COLUMBIA PRIMARY CARE ASSOCIATION TO CONDUCT DUE DILIGENCE ON GRANTEES. WE HAVE ADVISED PRIMARY CARE ASSOCIATIONS IN WASHINGTON, D.C., WEST VIRGINIA AND CALIFORNIA ON INITIATING HEALTH CARE LENDING PRACTICES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2445273 | Expense |
| Revenue | 1452809 | Revenue |
| Description | PERFORMANCE IMPROVEMENT: STRENGTHENING SERVICE DELIVERY. PCDC'S PERFORMANCE IMPROVEMENT PRACTICE HAS HELPED MORE THAN 7,000 HEALTHCARE STAFF REDESIGN WORKFLOWS/PROCESSES AND ADOPT NEW TECHNOLOGIES TO INCREASE PRODUCTIVITY AND DELIVER HIGHER QUALITY CARE, ENHANCING PRIMARY CARE SERVICES FOR MORE THAN 7 MILLION PATIENTS THROUGHOUT ITS HISTORY. RECENT PERFORMANCE IMPROVEMENT ACCOMPLISHMENTS INCLUDE: 1. PARTNERING WITH THE CRESCENT CITY BEACON COMMUNITY & LOUISIANA PUBLIC HEALTH INSTITUTE. PCDC IS PROVIDING TRAINING THAT WILL ENHANCE ACCESS TO CARE AND USE OF HEALTH INFORMATION TECHNOLOGY AT THE 18 NEW ORLEANS BEACON COMMUNITY PRIMARY CARE PRACTICES. THE PROJECT EMPHASIZES PATIENT RISK STRATIFICATION, POPULATION-BASED DISEASE REGISTRIES, CARE MANAGEMENT, AND CLINICAL DECISION SUPPORT SYSTEMS.2. MICHIGAN HEALTH CENTER PATIENT-CENTERED MEDICAL HOME LEARNING COMMUNITY. PCDC IS PARTNERING WITH THE MICHIGAN PRIMARY CARE ASSOCIATION TO PROVIDE VIRTUAL AND IN-PERSON TRAINING TO HELP 16 HEALTH CENTERS ATTAIN LEVEL 3 PATIENT-CENTERED MEDICAL HOME (PCMH) RECOGNITION AND ACHIEVE MEANINGFUL USE OF HEALTH INFORMATION TECHNOLOGY.3. BUILDING A PATIENT-CENTERED MODEL OF HIV CARE. PCDC IS PARTNERING WITH HEALTHHIV AND THE AIDS EDUCATION & TRAINING CENTER'S NATIONAL CENTER FOR HIV CARE IN MINORITY COMMUNITIES TO HELP UP TO 30 COMMUNITY HEALTH CENTERS ACROSS THE US ADOPT A NEW MODEL OF PRIMARY CARE THAT INTEGRATES PATIENT-CENTERED HIV SERVICES.4. DEVELOPING A BROOKLYN CARE COORDINATION MODEL. PCDC IS WORKING TO DEVELOP A MODEL OF PRACTICE- AND COMMUNITY-LEVEL CARE COORDINATION FOR SAFETY NET PROVIDERS THAT DRAWS ON THE EXPERIENCE OF BROOKLYN HEALTH HOME LEAD CHN, PILOT THIS MODEL WITH TWO BROOKLYN PRIMARY CARE PRACTICES AS CARE COORDINATION "HUBS," AND COMMUNICATE AND DISSEMINATE PROJECT RESULTS. 5. INTEGRATING HIV/AIDS SERVICED INTO PRIMARY CARE. PCDC HAS PARTNERED WITH THE NEW YORK CITY AIDS FUND AND AMIDACARE TO ENHANCE ACCESS AND RETENTION FOR 1,700 MEDICAID-ELIGIBLE HIV+ NEW YORKERS PREVIOUSLY WITHOUT PRIMARY CARE SERVICES OVER THE PAST 2 YEARS. WE ARE NOW CREATING A MANUAL TO SHARE BEST PRACTICES, LESSONS LEARNED AND EVALUATION RESULTS WITH OTHER PRACTICES.6. DEVELOPING PCMH DISTANCE LEARNING RESOURCES. PCDC PARTNERED WITH ESSENTIAL LEARNING TO CREATE A SERIES OF FIVE ONLINE CLASSES DESIGNED TO INTRODUCE HEALTHCARE STAFF TO KEY MEDICAL HOME TENETS AND EFFECTIVE PRACTICES, WHICH WE ARE NOW PILOTING WITH PRACTICES ACROSS THE COUNTRY. 7. PCMH SUPPORT FOR STATE PRIMARY CARE ASSOCIATIONS: PCDC HAS PROVIDED PCMH "TRAIN-THE-TRAINER" SESSIONS FOR MORE THAN 10 STATE PRIMARY CARE ASSOCIATIONS TO HELP BUILD PCMH CAPACITY AND ADVANCE PCMH RECOGNITION FOR MEMBERS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 785330 | Expense |
| Revenue | 4365 | Revenue |
| Description | POLICY AND ADVOCACY: LEADING PRIMARY CARE INITIATIVES. PRIMARY CARE IS NOT ONLY THE CENTERPIECE OF MEANINGFUL HEALTHCARE REFORM, BUT ALSO CONTRIBUTES GREATLY TO ECONOMIC DEVELOPMENT, BETTER HEALTH AND ACROSS THE BOARD HEALTHCARE SAVINGS. AS POLICY LEADERS CONTINUE TO RECOGNIZE THE NEED FOR INVESTMENT IN PRIMARY CARE AS A MEANS TO CONTROL HEALTHCARE COSTS, PCDC CONTINUES TO STRENGTHEN ITS POLICY AND ADVOCACY EFFORTS IN NEW YORK STATE AND BEYOND. OUR POLICY AGENDA INCLUDES WORKING WITH POLICYMAKERS AND STAKEHOLDERS TO:1. PROMOTE EXPANSION OF THE MEDICAL HOME MODEL AND ADOPTION OF HEALTH INFORMATION TECHNOLOGY; 2. EXPAND ACCESS TO CAPITAL FOR PRIMARY CARE EXPANSION;3. STRENGTHEN THE ROLE OF PRIMARY CARE IN HEALTH SYSTEM REFORM; AND4. STRENGTHEN THE ROLE OF PRIMARY CARE IN SUSTAINING "HEALTHY COMMUNITIES." | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 8967961 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 26 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 54 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 28 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 28 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL ROSEN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2124373946 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22 CORTLANDT STREET 12TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10007 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (36 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| DANIEL T MCGOWAN | ||||||||
| CHAIRMAN | 1.50 | X | X | 0 | 0 | 0 | ||
| PALOMA HERNANDEZ | ||||||||
| VICE-CHAIR | 1.50 | X | X | 0 | 0 | 0 | ||
| THOMAS J MURPHY | ||||||||
| VICE-CHAIR AND TREASURER | 1.50 | X | X | 0 | 0 | 0 | ||
| KAREN SCOTT COLLIN | ||||||||
| BOARD MEMBER (SECRETARY) | 1.50 | X | X | 0 | 0 | 0 | ||
| STEPHEN ACQUARIO | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| ALAN AVILES | ||||||||
| BOARD MEMBER (EX-OFFICIO) | 1.00 | X | 0 | 0 | 0 | |||
| CLIFF BLEUSTEIN | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| MAURA CLARK | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| ANDREA COHEN | ||||||||
| BOARD MEMBER (EX-OFFICIO) | 1.00 | X | 0 | 0 | 0 | |||
| CALEB DESROSIERS | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| DANIEL DEY | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| THOMAS FARLEY | ||||||||
| BOARD MEMBER (EX-OFFICIO) | 1.00 | X | 0 | 0 | 0 | |||
| DAVID A GOULD | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| L NATHAN HARE | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| MARK JEZIORSKI | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| CHRISTINE QUINN | ||||||||
| BOARD MEMBER (EX-OFFICIO) | 1.00 | X | 0 | 0 | 0 | |||
| JOHN RUGGE | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| RUTH SALZMAN | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| DONALD L ASHKENASE | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| JAMES F CRYSTAL | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| WARRIA A ESMOND | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| HILDA ROSARIO ESCHER | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| MARVIN MARKUS | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| TANYA SHAH | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| YVETTE TEOFAN | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| LOUISE COHEN | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| GARY JACOBS | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| CAROL RAPHAEL | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| RONDA KOTELCHUCK | ||||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | X | 218027 | 0 | 21659 | |||
| MICHAEL ROSEN | ||||||||
| CHIEF FINANCIAL OFFICER/COO | 40.00 | X | 201522 | 0 | 23742 | |||
| THOMAS MANNING | ||||||||
| MANAGING DIR., CAPITAL INVESTMENT | 40.00 | 170091 | 0 | 30996 | X | |||
| NANCY LAGER | ||||||||
| DIR. PROJ. PLAN | 40.00 | 149985 | 0 | 22179 | X | |||
| PETER CUCCHIARA | ||||||||
| MANAGING DIR., PERF. IMPROVEMENT | 40.00 | 138052 | 0 | 32038 | X | |||
| JAE LEUNG | ||||||||
| DIRECTOR OF FINANCE | 40.00 | 128987 | 0 | 20905 | X | |||
| DANIEL LOWENSTEIN | ||||||||
| DIRECTOR OF PUBLIC AFFAIRS | 40.00 | 131128 | 0 | 29178 | X | |||
| EMILY CHEN | ||||||||
| DIR. OF OPERATION, CAPITAL INVEST. | 40.00 | 110458 | 0 | 26812 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1248250 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 207509 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SOUND SHORE HEALTH MANAGEMENT LLC | |||||
| 108 GUION PLACE | NEW ROCHELLE | NY | 10801 | BUSINESS DEVELOPMENT | 182514 |
| MANATT PHELPS & PHILLIPS LLP | |||||
| 7 TIMES SQUARE | NEW YORK | NY | 10036 | LEGAL SERVICES | 108000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Fundraising Events | 545160 | FundraisingEvents |
| Government Grants | 1995945 | GovernmentGrants |
| All Other Contributions | 965037 | AllOtherContributions |
| Total Contributions | 3506142 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| PROGRAM FEES | 900099 | 2590639 | 2590639 |
| INTEREST ON LOANS | 900099 | 2290154 | 2290154 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4880793 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 472278 | TotalRevenueColumn |
| Exclusion | $472,278 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 48546 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 49598 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -1052 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1052 | TotalRevenueColumn |
| Exclusion | -$1,052 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9878220 | Securities |
| Other | 7520 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 10012080 | Securities |
| Other | 28523 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -133860 | Securities |
| Other | -21003 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -154863 | TotalRevenueColumn |
| Exclusion | -$154,863 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 107640 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 545160 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 122506 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -14866 | TotalRevenueColumn |
| Exclusion | -$14,866 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS REVENUE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 358 | TotalRevenueColumn |
| Exclusion | $358 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 358 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8688790 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4880793 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $301,855 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2620548 | Total |
| Program Services | 2620548 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 687647 | Total |
| Program Services | 242890 | ProgramServices |
| Management And General | 444595 | ManagementAndGeneral |
| Fundraising | 162 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2906093 | Total |
| Program Services | 2362422 | ProgramServices |
| Management And General | 390130 | ManagementAndGeneral |
| Fundraising | 153541 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56833 | Total |
| Program Services | 45052 | ProgramServices |
| Management And General | 10127 | ManagementAndGeneral |
| Fundraising | 1654 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 287577 | Total |
| Program Services | 221572 | ProgramServices |
| Management And General | 56214 | ManagementAndGeneral |
| Fundraising | 9791 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 237373 | Total |
| Program Services | 192124 | ProgramServices |
| Management And General | 31984 | ManagementAndGeneral |
| Fundraising | 13265 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 172748 | Total |
| Program Services | 133482 | ProgramServices |
| Management And General | 39266 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48000 | Total |
| Management And General | 48000 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40488 | Total |
| Program Services | 40488 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 578642 | Total |
| Program Services | 492047 | ProgramServices |
| Management And General | 41790 | ManagementAndGeneral |
| Fundraising | 44805 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 297745 | Total |
| Program Services | 194120 | ProgramServices |
| Management And General | 53047 | ManagementAndGeneral |
| Fundraising | 50578 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58293 | Total |
| Program Services | 44203 | ProgramServices |
| Management And General | 11575 | ManagementAndGeneral |
| Fundraising | 2515 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 529759 | Total |
| Program Services | 397573 | ProgramServices |
| Management And General | 103525 | ManagementAndGeneral |
| Fundraising | 28661 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115954 | Total |
| Program Services | 107669 | ProgramServices |
| Management And General | 5758 | ManagementAndGeneral |
| Fundraising | 2527 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 118860 | Total |
| Program Services | 100712 | ProgramServices |
| Management And General | 12665 | ManagementAndGeneral |
| Fundraising | 5483 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1826239 | Total |
| Program Services | 1826239 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64199 | Total |
| Program Services | 47404 | ProgramServices |
| Management And General | 13396 | ManagementAndGeneral |
| Fundraising | 3399 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22737 | Total |
| Management And General | 22737 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PROGRAM SPACE SUPPLIES | 63744 | 55633 | 698 | 7413 |
| DONATIONS / JOURNAL ADS | 24122 | 23072 | 1050 | |
| DUES AND SUBSCRIPTIONS | 11870 | 5055 | 6815 | |
| PROVISION FOR LOAN LOSS | -186170 | -186170 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16093 | Total |
| Program Services | 1826 | ProgramServices |
| Management And General | 7918 | ManagementAndGeneral |
| Fundraising | 6349 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10599394 | Total |
| Program Services | 8967961 | ProgramServices |
| Management And General | 1301290 | ManagementAndGeneral |
| Fundraising | 330143 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2678794 | BOY |
| EOY | 961689 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7916738 | BOY |
| EOY | 6113792 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1295576 | BOY |
| EOY | 670737 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35506205 | BOY |
| EOY | 33815919 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 329675 | BOY |
| EOY | 344262 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 631954 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 468408 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 240454 | BOY |
| EOY | 163546 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11214341 | BOY |
| EOY | 13844209 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9619636 | BOY |
| EOY | 10608052 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 589263 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7594190 | BOY |
| EOY | 7352924 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76395609 | BOY |
| EOY | 74464393 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 729918 | BOY |
| EOY | 518122 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28824723 | BOY |
| EOY | 24982537 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 4000000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8058324 | BOY |
| EOY | 7741235 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37612965 | BOY |
| EOY | 37241894 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12968783 | BOY |
| EOY | 13961077 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25813861 | BOY |
| EOY | 23261422 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38782644 | BOY |
| EOY | 37222499 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76395609 | BOY |
| EOY | 74464393 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1910604 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 350459 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 14940489 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7224945 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5068567 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2854767 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3524082 | CurrentTaxYear |
| Total | 33612850 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 14940489 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7224945 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5068567 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2854767 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3524082 | CurrentTaxYear |
| Total | 33612850 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 1035204 | AmountsSubstContributorsTotal |
| Public Support Total170 | 32577646 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 981276 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 779527 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 960987 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 823132 | CurrentTaxYearMinus1Year |
| Current Tax Year | 520824 | CurrentTaxYear |
| Total | 4065746 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 77262 | CurrentTaxYearMinus1Year |
| Current Tax Year | 358 | CurrentTaxYear |
| Total | 77620 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 37756216 | TotalSupport |
| Gross Receipts From Admissions Etc | 16188156 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.86280 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.86140 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 1 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $90,751 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 90751 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 320025 | OtherCostOrOtherBasis |
| Depreciation | 248492 | Depreciation |
| Book Value | 71533 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 186603 | OtherCostOrOtherBasis |
| Depreciation | 97497 | Depreciation |
| Book Value | 89106 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 125326 | OtherCostOrOtherBasis |
| Depreciation | 122419 | Depreciation |
| Book Value | 2907 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 163546 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MONEY MARKET | Description |
| Book Value | 10608052 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 10608052 | TotalOfBookValueSecurities |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| RESTRICTED LEASE PAYMENTS (NET) | 391616 |
| RESTRICTED RESERVES | 6961308 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 7352924 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| RESERVES AND DEPOSITS PAYABLE | $6,961,308 |
| DEFERRED RENT | $198,243 |
| DUE TO NEW YORK CITY BOND PROGRAM | $581,684 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 7741235 | TotalOfAmounts |
| Total Revenue | 8688790 | TotalRevenue |
| Total Expenses | 10599394 | TotalExpenses |
| Excess Or Deficit For Year | -1910604 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 350459 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 350459 | TotalAdjustments |
| Excess Or Deficit Per FS | -1560145 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 9088847 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 350459 | NetUnrealizedGainsInvestments |
| Other Revenues | 49598 | OtherRevenues |
| Revenue Not Rptd F990 | 400057 | RevenueNotRptdF990 |
| Revenue Subtotal | 8688790 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 8688790 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 10648992 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 49598 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 49598 | ExpensesNotRptdF990 |
| Expenses Subtotal | 10599394 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 10599394 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | PCDC HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2012 AND 2011 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PCDC IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009. |
| SCHEDULE D PART XII, LINE 2D - OTHER ADJUSTEMENTS: RENTAL EXPENSE $49,598 SCHEDULE D PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE $49,598 |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GALA | NameOfEvent1 |
| Gross Receipts Event1 | 652800 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 545160 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 107640 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 120522 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 1984 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 652800 | GrossReceiptsTotal |
| Charitable Contributions Total | 545160 | CharitableContributionsTotal |
| Gross Revenue Total Events | 107640 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 120522 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 1984 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 122506 | DirectExpenseSummaryEvents |
| Net Income Summary | -14866 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| BROWNSVILLE MULTI-SERVICE | |||||||
| 592 ROCKAWAY AVENUE | NEW YORK | NY | 11212 | 112544630 | 501(C)(3) | 44820 | CAPITAL PROJECT GRANT |
| COMMUNITY HEALTH CENTER OF BUFFALO | |||||||
| 462 GRIDER STREET | BUFFALO | NY | 14215 | 161566929 | 501(C)(3) | 1500000 | CAPITAL PROJECT GRANT |
| ANTHONY L JORDAN HEALTH CENTER CORP | |||||||
| 82 HOLLAND STREET | ROCHESTER | NY | 14605 | 160977295 | 501(C)(3) | 425236 | CAPITAL PROJECT GRANT |
| FAMILY HEALTH NETWORK OF CENTRAL NEW YORK | |||||||
| 17 MAIN STREET SUITE 302 | CORTLAND | NY | 13045 | 161133983 | 501(C)(3) | 547959 | CAPITAL PROJECT GRANT |
| MOUNT VERNON NEIGHBORHOOD HEALTH CENTER INC | |||||||
| 330 TARRYTOWN ROAD | WHITE PLAINS | NY | 10607 | 133315508 | 501(C)(3) | 102533 | CAPITAL PROJECT GRANT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 5 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: CHC CAPITAL GRANT PROGRAM - MONITORING & GRANT DISBURSEMENT PCDC IS ADMINISTERING THE CHC CAPITAL GRANT PROGRAM ON BEHALF OF THE STATE OF NEW YORK, UNDER THE AUSPICES OF THE NEW YORK STATE DEPARTMENT OF HEALTH. MONITORING: DURING THE COURSE OF THE DEVELOPMENT OF THE FACILITY CAPITAL PROJECTS BEING UNDERTAKEN BY THE CHC CAPITAL GRANT AWARDEES, WHICH CAN TAKE FROM SEVERAL MONTHS TO SEVERAL YEARS DEPENDING ON THE NATURE AND SIZE OF THE PROJECT, PCDC STAFF MONITOR PROJECT DEVELOPMENT STATUS, AS A WHOLE AND WITH PARTICULAR ATTENTION TO DEVELOPMENT, REGULATORY APPROVAL AND FUNDING-RELATED MILESTONES. AWARDEES ARE REQUIRED TO SUBMIT QUARTERLY REPORTS. DISBURSEMENT: AWARDEES' ANTICIPATED BUDGETS AND PROJECT DEVELOPMENT TIMEFRAMES WERE INCORPORATED IN THE CHC CAPITAL GRANT AWARD CONTRACTS. PCDC REVIEWS AWARDEES' MODIFICATION REQUESTS BASED ON PROJECT CHANGES THAT MAY OCCUR DURING THE COURSE OF DEVELOPMENT. AWARDEES ARE PERMITTED TO SUBMIT DISBURSEMENT REQUESTS AS OFTEN AS MONTHLY FOR EXPENDITURES PAID OR INCURRED BUT YET TO BE PAID. AWARDEES ARE REQUIRED TO SUBMIT AN UPDATED SPENDING PLAN WITH EACH DISBURSEMENT REQUEST ALONG WITH APPROPRIATE DOCUMENTATION. PCDC STAFF REVIEW THE DISBURSEMENT REQUEST AND DOCUMENTATION, APPROVE BUDGET MODIFICATIONS AS NEEDED TO REFLECT ACTUAL SPENDING, AND MAKE DISBURSEMENTS. PCDC MAY WITHHOLD ALL OR A PORTION OF FUNDING UNTIL CERTAIN MILESTONES ARE MET AND/OR THE PROJECT IS COMPLETE. AWARDEES ARE REQUIRED TO SUBMIT A FINAL REPORT IN ORDER TO RECEIVE FINAL DISBURSEMENT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RONDA KOTELCHUCK | |||||||||||||
| 218027 | 0 | 0 | 0 | 0 | 0 | 6713 | 0 | 14946 | 0 | 239686 | 0 | 0 | 0 |
| MICHAEL ROSEN | |||||||||||||
| 201522 | 0 | 0 | 0 | 0 | 0 | 6256 | 0 | 17486 | 0 | 225264 | 0 | 0 | 0 |
| THOMAS MANNING | |||||||||||||
| 170091 | 0 | 0 | 0 | 0 | 0 | 5343 | 0 | 25653 | 0 | 201087 | 0 | 0 | 0 |
| NANCY LAGER | |||||||||||||
| 149985 | 0 | 0 | 0 | 0 | 0 | 17611 | 0 | 4568 | 0 | 172164 | 0 | 0 | 0 |
| PETER CUCCHIARA | |||||||||||||
| 138052 | 0 | 0 | 0 | 0 | 0 | 27615 | 0 | 4423 | 0 | 170090 | 0 | 0 | 0 |
| DANIEL LOWENSTEIN | |||||||||||||
| 131128 | 0 | 0 | 0 | 0 | 0 | 25100 | 0 | 4078 | 0 | 160306 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DR. THOMAS FARLEY, COMMISSIONER OF NYC DEPARTMENT OF HEALTH AND MENTAL HYGIENE IS A VOTING MEMBER ON THE BOARD OF NYC HEALTH AND HOSPITALS CORPORATION, IN WHICH ALAN AVILES IS PRESIDENT AND ON WHICH ANDREA COHEN ALSO SERVES. | |
| FORM 990, PART VI, SECTION A, LINE 2 | ANDREA COHEN, DIRECTOR OF HEALTH SERVICES WITH THE NYC OFFICE OF THE DEPUTY MAYOR FOR HEALTH AND HUMAN SERVICES SERVES AS A VOTING MEMBER ON THE BOARD OF NYC HEALTH AND HOSPITALS CORPORATION, IN WHICH ALAN AVILES IS PRESIDENT AND ON WHICH DR. THOMAS FARLEY ALSO SERVES | |
| FORM 990, PART VI, SECTION A, LINE 2 | KAREN SCOTT'S HUSBAND HAS A DIRECT REPORTING RELATIONSHIP TO ALAN AVILES AT NYC HEALTH AND HOSPITALS CORPORATION. | |
| FORM 990, PART VI, SECTION A, LINE 4 | IN FY 2012, PCDC FILED TO AMEND ITS ARTICLES OF INCORPORATION TO SUPPORT THE BOARD DECISION TO EXTEND PCDC'S LENDING PROGRAM BEYOND NEW YORK STATE. IN ADDITION, THE AMENDMENT REMOVED CERTAIN LEGACY LANGUAGE REGARDING DISSOLUTION THAT WAS NO LONGER RELEVANT. THE BOARD ALSO VOTED TO AMEND THE AGENCY'S BY-LAWS TO: 1. RENAME THE STANDING COMMITTEE FROM THE PROJECT DEVELOPMENT COMMITTEE TO THE CAPITAL INVESTMENT COMMITTEE; 2. DELINEATE A PROCESS TO APPOINT NON-BOARD MEMBERS ONTO THE CAPITAL INVESTMENT COMMITTEE FOR ADDITIONAL EXPERTISE IN LENDING; 3. ELIMINATE SPECIFIC REFERENCE TO NEW YORK CITY & NEW YORK STATE, TO ALLOW FOR OUT-OF-STATE LENDING; 4. ELIMINATE SPECIFIC REFERENCE TO "PUBLIC AND NON-PROFIT" FACILITIES AS THE TYPE OF PROPOSALS THE CAPITAL INVESTMENT COMMITTEE CAN REVIEW; 5. ELIMINATE THE NMTC LOAN COMMITTEE, WHICH NO LONGER WAS REQUIRED AS A STANDING COMMITTEE; 6. REMOVE THE CONCEPT OF MEMBERS OF THE CORPORATION AS DISTINCT FROM THE BOARD OF DIRECTORS, WHICH WAS NO LONGER A REQUIREMENT; 7. CHANGE TITLE OF EXECUTIVE DIRECTOR TO CHIEF EXECUTIVE OFFICER; 8. MODIFY QUORUM REQUIREMENTS FOR CONSISTENCY, WHILE MAINTAINING STATUTORY QUORUM REQUIREMENTS; AND 9. CONFORM THE PERCENTAGE OF DIRECTORS NEED TO CALL A SPECIAL MEETING OF THE BOARD TO STATE LAW REQUIREMENTS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 IS PREPARED BY PCDC'S CFO AND DIRECTOR OF FINANCE AND REVIEWED BY PCDC'S INDEPENDENT ACCOUNTING FIRM. THE 990 IS THEN REVIEWED BY THE FINANCE COMMITTEE. UPON APPROVAL OF THE FINANCE COMMITTEE, THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS. THE RETURN IS CIRCULATED TO THE BOARD OF DIRECTORS IN ADVANCE OF THE MEETING. AFTER APPROVAL THE RETURN IS FILED WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR BOARD MEMBERS REVIEW PCDC'S WRITTEN POLICY AND ATTEST THAT THEY HAVE READ AND WILL ABIDE BY THE POLICY BY SIGNING AN ANNUAL AFFIRMATION OF POLICY ON INTERESTED DIRECTORS. WHEN A DIRECTOR OF PCDC HAS AN INTEREST IN A PCDC MATTER THAT DIRECTOR DISCLOSES THEIR INTEREST TO THE BOARD PRIOR TO ANY DISCUSSION OR VOTE REGARDING THE MATTER; AND THE INTERESTED DIRECTOR ABSENTS HIM OR HERSELF FROM THE DISCUSSION AND/OR VOTES CONCERNING THE MATTER. CONFLICTS ARE REPORTED IN THE BOARD MINUTES. A LIST OF BOARD MATTERS IS COMPILED ANNUALLY FOR BOARD MEMBERS TO REVIEW AND REAFFIRM THEIR DISCLOSURE (S) DURING THE YEAR. SIMILARLY ALL EMPLOYEES OF PCDC ANNUALLY REVIEW PCDC'S CONFIDENTIALITY AND CONFLICT OF INTEREST POLICIES AND SIGN A STATEMENT ACKNOWLEDGING THEY HAVE RECEIVED, READ AND WILL ABIDE BY THE POLICIES. ANY CONFLICT OF INTERESTS ARE REQUIRED TO BE IMMEDIATELY DISCLOSED TO THE CHIEF EXECUTIVE OFFICER. | |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER (CFO) AND SENIOR MANAGEMENT ARE REVIEWED BY THE GOVERNANCE COMMITTEE (GC). RECOMMENDATION OF OFFICERS' COMPENSATION IS MADE BY THE GC TO THE BOARD FOR ITS DISCUSSION AND APPROVAL. THE GC PROPOSES COMPENSATION AND DETERMINES THE REASONABLENESS OF RECOMMENDED COMPENSATION IN A PROCESS THAT INCLUDES PERFORMANCE APPRAISALS AND THE REVIEW OF A REPORT PREPARED BY PCDC'S HUMAN RESOURCE CONSULTANT. THE REPORT IS A COMPENSATION SURVEY BASED ON MARKET ANALYSIS AND COMPARISON OF 990S FROM OTHER ORGANIZATIONS WITH SIMILAR MISSIONS, PROGRAMS, BALANCE SHEETS, AND BUDGETS. THE BOARD MAKES THE FINAL DECISION IN EXECUTIVE SESSION WITH NO STAFF PRESENT. KEY EMPLOYEE COMPENSATION IS REVIEWED BY THE CEO AND CFO ANNUALLY AND IS BASED PRIMARILY ON PERFORMANCE APPRAISALS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | PCDC'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ITS TAX RETURNS INCLUDING FINANCIAL STATEMENTS ARE AVAILABLE TO PUBLIC ONLINE THROUGH GUIDESTAR AND NYS CHARITIES BUREAU'S WEBSITE. PCDC ALSO PUBLISHES NOTICES OF AVAILABILITY OF ITS TAX RETURNS WITH NEW YORK LAW JOURNAL. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 350,459. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: | HAS NOT BEEN CHANGED FROM THE PRIOR YEAR. | THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT |
| SCHEDULE R - PART III | IN OCTOBER 2007 PCDC WAS AWARDED A $40 MILLION NEW MARKETS TAX CREDIT ("NMTC") ALLOCATION TO FINANCE THE CONSTRUCTION OF HEALTH CENTERS IN LOW INCOME COMMUNITIES IN NEW YORK STATE. THE PROGRAM, ADMINISTERED BY THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, A BRANCH OF THE U.S. DEPARTMENT OF THE TREASURY, REQUIRES THAT NONPROFIT AWARD RECIPIENTS CREATE A FOR-PROFIT ENTITY OR ENTITIES THROUGH WHICH THE TAX CREDIT ALLOCATION FLOWS. IN MARCH 2008 PCDC CREATED FOUR SUCH ENTITIES (PCDC EMPIRE STATE HEALTH OPPORTUNITIES FUND I-IV, LLC), ALL OF WHICH ARE MULTI-MEMBER LIMITED LIABILITY COMPANIES. THE LLC'S DO NOT HAVE A SEPARATE BOARD OF DIRECTORS: DECISIONS ARE MADE BY THE LLC MEMBERS. PCDC IS THE MANAGING MEMBER OF EACH LLC AND 100% OWNER UNTIL AN INVESTMENT PARTNER IS SELECTED. PRIOR TO THE PARTICIPATION OF AN INVESTMENT PARTNER THERE IS NO ACTIVITY IN THE LLC. UPON EXECUTION OF AN INVESTMENT AGREEMENT, THE INVESTOR BECOMES 99.99% OWNER OF THE LLC AND PCDC RETAINS A .01% OWNERSHIP INTEREST AND REMAINS THE MANAGING MEMBER. ALL ACTIONS OF THE LLCS ARE MANAGED BY PCDC PER THE TERMS OF THE INVESTMENT AGREEMENT, HOWEVER PCDC MANAGES THE LENDING PROCESS CONSISTENT WITH ITS OTHER LENDING PROGRAMS, WHICH IS TO SAY THAT THE LENDING PROCESS IS MANAGED BY THE STAFF OF PCDC UNDER THE DIRECTION OF ITS BOARD OF DIRECTORS. AS OF JUNE 30, 2012 LLC I & III ARE ACTIVE. AS MANAGING MEMBER OF EMPIRE STATE HEALTH OPPORTUNITIES FUND I, PCDC MAKES MEMBER LOANS TO COVER OPERATING EXPENSES AND HAS BILLED THE LLC FOR START-UP EXPENSES. IN FY 2012, THE INVESTMENT PARTNER OF LLC 1 AND PCDC AGREED TO CONVERT $730,188 OF MEMBER LOANS AND ACCOUNTS RECEIVABLE THAT WERE PREVIOUSLY ADVANCED BY PCDC TO EQUITY CONTRIBUTIONS TO LLC I. THE MEMBER LOAN RECEIVABLE BALANCE REMAINING AT JUNE 30, 2012 WAS COLLECTED BEFORE THE END OF 2012 WHEN THE FINAL QUALIFIED EQUITY INVESTMENT (QEI) WAS MADE BY THE INVESTMENT PARTNER. AS MANAGING MEMBERS OF LLC I & LLC III, PCDC IS ENTITLED TO FINANCING AND LOAN SERVICING FEES FOR ITS SERVICES. UNDER THE TERMS OF LLC I AND LLC III OPERATING AGREEMENTS, PCDC WILL MAKE EQUITY CONTRIBUTIONS IN PROPORTION TO ITS MEMBERSHIP INTEREST OF EACH QEI MADE BY THE INVESTOR MEMBER. THE NET PRESENT VALUE OF PCDC'S EQUITY CONTRIBUTIONS WAS REPORTED AS INVESTMENTS IN LLCS AT $589,26 USING DISCOUNT RATES RANGING FROM 0.72% TO 2.38% IN PCDC'S AUDITED FINANCIAL STATEMENTS. PCDC'S EQUITY CONTRIBUTIONS WILL REMAIN IN THE LLCS UNTIL THEY ARE DISSOLVED. | RELATED PARTIES TREATED AS PARTNERSHIPS |
Schedule R IRS990ScheduleR
Form990 Schedule R Part III Form990ScheduleRPartIII (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Predominant Income TypePredominantIncomeType | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Disproportionate AllocationsDisproportionateAllocations | General Or Managing PartnerGeneralOrManagingPartner | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PCDC EMPIRE STATE HEALTH I | ||||||||||||
| C/O PCDC 22 CORTLANDT ST | NEW YORK | NY | 10007 | 262054468 | NEW MARKET FUNDS | NY | RELATED | 14 | 730717 | 0 | 1 | 0.00010 |
| PCDC EMPIRE STATE HEALTH II | ||||||||||||
| C/O PCDC 22 CORTLANDT ST | NEW YORK | NY | 10007 | 262054556 | NEW MARKET FUNDS | NY | RELATED | 0 | 1 | 1.00000 | ||
| PCDC EMPIRE STATE HEALTH III | ||||||||||||
| C/O PCDC 22 CORTLANDT ST | NEW YORK | NY | 10007 | 262054665 | NEW MARKET FUNDS | NY | RELATED | 0 | 1 | 0.00010 | ||
| PCDC EMPIRE STATE HEALTH IV | ||||||||||||
| C/O PCDC 22 CORTLANDT ST | NEW YORK | NY | 10007 | 262054736 | NEW MARKET FUNDS | NY | RELATED | 0 | 1 | 1.00000 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (5 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| PCDC EMPIRE STATE HEALTH I OPP FUND 1 | ||
| D | 105967 | CASH |
| PCDC EMPIRE STATE HEALTH I OPP FUND 1 | ||
| K | 23843 | COST |
| PCDC EMPIRE STATE HEALTH I OPP FUND 1 | ||
| B | 587338 | COST |
| PCDC EMPIRE STATE HEALTH I OPP FUND 3 | ||
| K | 632725 | COST |
| PCDC EMPIRE STATE HEALTH I OPP FUND 3 | ||
| B | 1340 | COST |