THE COMMUNITY PRESERVATION CORPORATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- THE COMMUNITY PRESERVATION CORPORATION (EIN 13-2792409)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-15
- IRS object ID
- 201201369349301390
- Schema version
- 2010v3.4
- 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 I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T09:19:47-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARTHUR J GIGLIO CPA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 250 EAST HARTSDALE AVENUE SUITE 34 | AddressLine1 |
| City | HARTSDALE | City |
| State | NY | State |
| ZIP Code | 10530 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 132792409 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE COMMUNITY PRESERVATION CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | COMM | NameControl |
| Phone | 2128695300 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 28 EAST 28TH STREET 9TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100167943 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KEVIN MORAN | Name |
| Title | EVP, CFO & TREASURER | Title |
| Phone | 2128695300 | Phone |
| Date Signed | 2012-05-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROGER DEVRIES | Name |
| Phone | 9147237743 | Phone |
| Date Prepared | 2012-05-07 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MICHAEL D LAPPIN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 28 EAST 28TH STREET 9TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100167943 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 70218874 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.COMMUNITYP.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1974 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | TO COMBAT COMMUNITY DETERIORATION, PROMOTE THE GENERAL WELFARE, AND LESSEN THE BURDENS OF GOVERNMENT BY PROVIDING FINANCING FOR LOW & MODERATE INCOME HOUSING. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 173 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 495703 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2682766 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 73727524 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 66992996 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 44253 | InvestmentIncomePriorYear |
| Investment Income Current Year | 342249 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 74267480 | TotalRevenuePriorYear |
| Total Revenue Current Year | 70018011 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 750525 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2385002 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 16150042 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 17456710 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 55954781 | OtherExpensePriorYear |
| Other Expenses Current Year | 107822439 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 72855348 | TotalExpensesPriorYear |
| Total Expenses Current Year | 127664151 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1412132 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -57646140 | RevenuesLessExpensesCY |
| Total Assets BOY | 1486967980 | TotalAssetsBOY |
| Total Assets EOY | 1281599138 | TotalAssetsEOY |
| Total Liabilities BOY | 1388891315 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1217361519 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 98076665 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 64237619 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO COMBAT COMMUNITY DETERIORATION, PROMOTE THE GENERAL WELFARE, AND LESSEN THE BURDENS OF GOVERNMENT BY PROVIDING FINANCING FOR LOW & MODERATE INCOME HOUSING. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 118125229 | Expense |
| Grants | 2385002 | Grants |
| Revenue | 67335245 | Revenue |
| Description | THE COMMUNITY PRESERVATION CORPORATION (CPC) IS A PRIVATE NOT-FOR-PROFIT MORTGAGE LENDER SPECIALIZING IN THE FINANCING OF LOW AND MODERATE INCOME HOUSING. CPC'S MISSION IS TO WORK WITH GOVERNMENT TO PRESERVE AND DEVELOP AFFORDABLE HOUSING IN NEW YORK, NEW JERSEY, AND CONNECTICUT. IN ITS 37 YEARS OF EXISTENCE, CPC HAS FINANCED THE REHABILITATION OR CONSTRUCTION OF 142,681 AFFORDABLE HOUSING UNITS. DURING THE YEAR ENDED JUNE 30, 2011, CPC ORIGINATED $272,339,586 OF PUBLIC AND PRIVATE FUNDS REPRESENTING FINANCING ON 3,036 UNITS. | Description |
| Total Program Service Expense | 118125229 | 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 | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | 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 | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | 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 | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 1 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 3796 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 173 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| 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 | 0 | QuidProQuoContributions |
| 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 | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | 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 | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| 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 | KEVIN MORAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2128695300 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 28 EAST 28TH STREET 9TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100167943 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (54 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| MICHAEL D LAPPIN | |||||||
| PRESIDENT & CEO, DIRECTOR | 13.10 | X | X | 264892 | 1272959 | 56538 | |
| MICHAEL HEGARTY | |||||||
| CHAIRMAN | 2.00 | X | X | 35000 | 0 | 0 | |
| RICHARD C DEZEGO | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| THOMAS GARBUTT | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| TODD A GOMEZ | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD M GUNTHEL | |||||||
| DIRECTOR | 1.00 | X | 35000 | 0 | 0 | ||
| ALEXANDER BV JOHNSON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| PHILIP L MILSTEIN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT J MUELLER | |||||||
| DIRECTOR | 1.00 | X | 15000 | 0 | 0 | ||
| GREGORY R REIMERS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ARTHUR H SETER | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JOHN SOMERS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JOHN M MCCARTHY | |||||||
| EXEC. VICE PRESIDENT & COO | 34.70 | X | 424314 | 243409 | 57906 | ||
| CAROLYN AU | |||||||
| SENIOR VICE PRESIDENT | 35.00 | X | 240013 | 73909 | 49410 | ||
| CHRISTOPHER BETTS | |||||||
| SENIOR VICE PRESIDENT | 35.00 | X | 175705 | 0 | 39458 | ||
| MARY A BRENNAN | |||||||
| SENIOR VICE PRESIDENT | 35.00 | X | 350722 | 73909 | 45701 | ||
| ROSE BROWNE | |||||||
| SENIOR VICE PRESIDENT | 35.00 | X | 185023 | 36955 | 20762 | ||
| RICHARD P CONLEY | |||||||
| SENIOR VICE PRESIDENT | 35.00 | X | 224545 | 73909 | 41139 | ||
| BRUCE DALE | |||||||
| SENIOR VICE PRESIDENT | 35.00 | X | 215666 | 73909 | 50646 | ||
| ALICE DUNN | |||||||
| SENIOR VICE PRESIDENT | 28.60 | X | 294796 | 65819 | 37830 | ||
| JACK GREENE | |||||||
| SENIOR VICE PRESIDENT | 35.00 | X | 337135 | 73909 | 33503 | ||
| CHRISTOPHER R HOOKE | |||||||
| SENIOR VICE PRESIDENT | 35.00 | X | 263678 | 0 | 19544 | ||
| DIANNA LOOK | |||||||
| SENIOR VICE PRESIDENT | 35.00 | X | 209654 | 73909 | 45976 | ||
| THOMAS P MCGRATH | |||||||
| SENIOR VICE PRESIDENT | 34.00 | X | 235939 | 81206 | 47869 | ||
| DOUGLAS L OLCOTT | |||||||
| SENIOR VICE PRESIDENT | 35.00 | X | 166176 | 0 | 37556 | ||
| ANITA PINS | |||||||
| SENIOR VICE PRESIDENT | 35.00 | X | 215638 | 0 | 31840 | ||
| ROBERT RIGGS | |||||||
| SENIOR VICE PRESIDENT | 35.00 | X | 225034 | 74000 | 44097 | ||
| SADIE MCKEOWN | |||||||
| SENIOR VICE PRESIDENT | 35.00 | X | 232125 | 73909 | 50452 | ||
| RICHARD A KUMRO | |||||||
| VP, GENL COUNSEL, SECY | 17.10 | X | 188357 | 327357 | 50584 | ||
| HELENE S RUDOLPH | |||||||
| VP, ASST. SECRETARY | 35.00 | X | 183642 | 0 | 34883 | ||
| RONALD SCHIFERL | |||||||
| VP, CFO & TREASURER | 18.60 | X | 228244 | 200384 | 31298 | ||
| BARBARA BAER | |||||||
| VICE PRESIDENT | 15.30 | X | 79640 | 102394 | 18919 | ||
| RICHARD BONVICINO | |||||||
| VICE PRESIDENT | 28.60 | X | 212841 | 47521 | 25942 | ||
| LYNN BRADLEY | |||||||
| VICE PRESIDENT | 35.00 | X | 140002 | 0 | 22539 | ||
| CLARE CASHELL | |||||||
| VICE PRESIDENT | 32.50 | X | 92463 | 7868 | 37613 | ||
| CECELIA DOYLE | |||||||
| VICE PRESIDENT | 28.60 | X | 130217 | 29074 | 10295 | ||
| OKSANA GABER | |||||||
| VICE PRESIDENT | 35.00 | X | 97929 | 0 | 27742 | ||
| ERICA LAKE | |||||||
| VICE PRESIDENT | 23.10 | X | 69309 | 35499 | 37712 | ||
| SUSAN MCCLURE | |||||||
| VICE PRESIDENT | 28.60 | X | 204081 | 45566 | 36111 | ||
| KATHLEEN MURPHY | |||||||
| VICE PRESIDENT | 26.00 | X | 90663 | 31638 | 24961 | ||
| CHRISTOPHER O'KEEFE | |||||||
| VICE PRESIDENT | 28.60 | X | 163589 | 36524 | 28082 | ||
| ANDREW PADIAN | |||||||
| VICE PRESIDENT | 35.00 | X | 136263 | 0 | 20609 | ||
| NICHOLAS PETRAGNANI | |||||||
| VICE PRESIDENT | 35.00 | X | 143033 | 0 | 31477 | ||
| BRENDA RATLIFF | |||||||
| VICE PRESIDENT | 27.60 | X | 108206 | 52295 | 23752 | ||
| JAMES RYKOWSKI | |||||||
| VICE PRESIDENT | 35.00 | X | 138877 | 0 | 38118 | ||
| MARY F SCHOUENBORG-PADEN | |||||||
| VICE PRESIDENT | 35.00 | X | 127799 | 0 | 26193 | ||
| ANNEMARIE UEBBING | |||||||
| VICE PRESIDENT | 35.00 | X | 167028 | 0 | 27900 | ||
| HILLARY WEINSTEIN | |||||||
| VICE PRESIDENT | 35.00 | X | 80076 | 0 | 17099 | ||
| DANIEL J WHEELER | |||||||
| VICE PRESIDENT | 35.00 | X | 140789 | 0 | 34137 | ||
| KATHLEEN A DUNN | |||||||
| EVP, CPCR | 0.50 | 5803 | 637030 | 46080 | X | ||
| SUSAN M POLLOCK | |||||||
| SVP, CPCR | 28.60 | 144975 | 267717 | 49746 | X | ||
| MARY E ENRIGHT | |||||||
| SVP, CPCR | 0.10 | 813 | 346264 | 36630 | X | ||
| WILLIAM A BURKE | |||||||
| SVP, CPCR | 4.40 | 41504 | 286815 | 32650 | X | ||
| BARRY E LIGHT | |||||||
| SVP, CPCR | 0.00 | 0 | 207446 | 35977 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 7462198 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 4953103 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 1517276 | TotalOtherCompensation |
| Number Individuals GT100 K | 55 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| IBM CORPORATION | |||||
| PO BOX 643600 | PITTSBURGH | PA | 15264 | INFORMATION TECHNOLOGY | 1107446 |
| SCOTT W HOLCOMBE | |||||
| 400 EAST 71ST STREET | NEW YORK | NY | 10021 | CONSULTING | 285746 |
| ROBERT R NICOLELLA | |||||
| 2150 KENWOOD PLACE | BELLMORE | NY | 11710 | CONSULTING | 258400 |
| KPMG LLP | |||||
| PO BOX 120001 | DALLAS | TX | 75312 | AUDITORS | 246000 |
| RPI PROFESSIONAL ALTERNATIVES | |||||
| 10 EAST 40TH STREET | NEW YORK | NY | 10016 | CONSULTING | 209541 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
| Government Grants | 2682266 | GovernmentGrants |
| All Other Contributions | 500 | AllOtherContributions |
| Total Contributions | 2682766 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| MORTGAGE LOAN INTEREST | 522292 | 51901576 | 51901576 |
| SERVICING FEES | 522390 | 8904164 | 8904164 |
| MORTGAGE LOAN COMMITME | 522292 | 2473445 | 2473445 |
| PENALTY & LATE CHARGES | 522390 | 1677491 | 1677491 |
| GAIN ON SALE OF LOANS | 522292 | 1615016 | 1615016 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 421304 | TotalRevenueColumn |
| Related Or Exempt Function Income | 421304 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 66992996 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 336178 | TotalRevenueColumn |
| Related Or Exempt Function Income | 336178 | RelatedOrExemptFunctionIncome |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 196144 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 196144 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 10790 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 4719 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 6071 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6071 | TotalRevenueColumn |
| Related Or Exempt Function Income | 6071 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 70018011 | TotalRevenueColumn |
| Related Or Exempt Function Income | 67335245 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2366002 | Total |
| Program Services | 2366002 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19000 | Total |
| Program Services | 19000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8395387 | Total |
| Program Services | 5662568 | ProgramServices |
| Management And General | 2732819 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6753674 | Total |
| Program Services | 4608810 | ProgramServices |
| Management And General | 2144864 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 583677 | Total |
| Program Services | 431613 | ProgramServices |
| Management And General | 152064 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 802766 | Total |
| Program Services | 609936 | ProgramServices |
| Management And General | 192830 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 921206 | Total |
| Program Services | 649357 | ProgramServices |
| Management And General | 271849 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 253735 | Total |
| Management And General | 253735 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 628135 | Total |
| Management And General | 628135 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 109708 | Total |
| Program Services | 109708 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1104803 | Total |
| Program Services | 786147 | ProgramServices |
| Management And General | 318656 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 347914 | Total |
| Program Services | 106214 | ProgramServices |
| Management And General | 241700 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 854424 | Total |
| Program Services | 404175 | ProgramServices |
| Management And General | 450249 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1188496 | Total |
| Program Services | 828087 | ProgramServices |
| Management And General | 360409 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1807276 | Total |
| Program Services | 1161798 | ProgramServices |
| Management And General | 645478 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 281251 | Total |
| Program Services | 180801 | ProgramServices |
| Management And General | 100450 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54705 | Total |
| Program Services | 35167 | ProgramServices |
| Management And General | 19538 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36601362 | Total |
| Program Services | 36601362 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2037889 | Total |
| Program Services | 1687398 | ProgramServices |
| Management And General | 350491 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 385888 | Total |
| Management And General | 385888 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| LOAN LOSS RESERVE INCRE | 60676987 | 60676987 | |
| OTHER LOAN-RELATED EXPE | 971123 | 971123 | |
| CONTRIBUTIONS | 240933 | 160465 | 80468 |
| TEMPORARY OFFICE HELP | 106575 | 68511 | 38064 |
| EMPLOYMENT AGENCY FEES | 31528 | 31528 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 139707 | Total |
| Management And General | 139707 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 127664151 | Total |
| Program Services | 118125229 | ProgramServices |
| Management And General | 9538922 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53912624 | BOY |
| EOY | 85588141 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70561552 | BOY |
| EOY | 149599234 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3642946 | BOY |
| EOY | 2252950 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1069312 | BOY |
| EOY | 559454 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 10451684 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 5120473 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6015489 | BOY |
| EOY | 5331211 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29026934 | BOY |
| EOY | 31669202 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1284333900 | BOY |
| EOY | 982056058 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10717525 | BOY |
| EOY | 9330008 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27687698 | BOY |
| EOY | 15212880 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1486967980 | BOY |
| EOY | 1281599138 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6279194 | BOY |
| EOY | 5952211 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 219430588 | BOY |
| EOY | 207052443 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 778947319 | BOY |
| EOY | 589001677 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 377306124 | BOY |
| EOY | 404923696 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6928090 | BOY |
| EOY | 10431492 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1388891315 | BOY |
| EOY | 1217361519 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98076665 | BOY |
| EOY | 64237619 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98076665 | BOY |
| EOY | 64237619 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1486967980 | BOY |
| EOY | 1281599138 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -57646140 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 23807094 | 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 Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 110550 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 23400 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 31010 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 58843 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2682766 | CurrentTaxYear |
| Total | 2906569 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 74490146 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 89456986 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 76002911 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 73727524 | CurrentTaxYearMinus1Year |
| Current Tax Year | 66992996 | CurrentTaxYear |
| Total | 380670563 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 74600696 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 89480386 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 76033921 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 73786367 | CurrentTaxYearMinus1Year |
| Current Tax Year | 69675762 | CurrentTaxYear |
| Total | 383577132 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3205663 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3381902 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3087200 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4109666 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1258689 | CurrentTaxYear |
| Total | 15043120 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3205663 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3381902 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3087200 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4109666 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1258689 | CurrentTaxYear |
| Total | 15043120 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 368534012 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1513083 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1082481 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 187866 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 44253 | CurrentTaxYearMinus1Year |
| Current Tax Year | 336178 | CurrentTaxYear |
| Total | 3163861 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1513083 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1082481 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 187866 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 44253 | CurrentTaxYearMinus1Year |
| Current Tax Year | 336178 | CurrentTaxYear |
| Total | 3163861 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 76113779 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 90562867 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 76221787 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 73830620 | CurrentTaxYearMinus1Year |
| Current Tax Year | 70011940 | CurrentTaxYear |
| Total | 386740993 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.95290 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.94840 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.00820 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.01000 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
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 | 1 | MailingsMembers |
| Mailings Members | $10,000 | MailingsMembersAmount |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $260,000 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 270000 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF OTHER LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1I: | ReturnReference |
| Explanation | LOBBYING IS NOT A SUBSTANTIAL PART OF THE ACTIVITIES OF THE CORPORATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2011, OFFICERS OF THE CORPORATION DID LOBBY WITH RESPECT TO FEDERAL, STATE, AND LOCAL LEGISLATION RELATING TO AFFORDABLE HOUSING ISSUES, AND THE CORPORATION RETAINED THE SERVICES OF LEGAL COUNSEL IN ALBANY TO REPRESENT ITS INTERESTS WITH RESPECT TO STATE LEGISLATION AND IN WASHINGTON, DC, WITH RESPECT TO FEDERAL LEGISLATIONS, AS WELL AS RETAINING A CONSULTANT IN NEW YORK CITY FOR MATTERS RELATED TO LOCAL LEGISLATION. DIRECT LOBBYING EXPENSES OF THIS NATURE FOR THE FISCAL YEAR ENDED JUNE 30, 2011, TOTALED LESS THAN $110,000. LOBBYING EXPENSES OF CORPORATION OFFICERS FOR THE PERIOD (INCLUDING REIMBURSEMENT OF TRAVEL EXPENSES AND A PER HOUR PRORATION OF OFFICERS' SALARIES) ARE ESTIMATED TO HAVE BEEN LESS THAN $150,000 AND EXPENSES FOR MAILINGS ARE ESTIMATED AT LESS THAN $10,000. THE CORPORATION'S TOTAL LOBBYING EXPENDITURES FOR THE FISCAL YEAR ENDED JUNE 30, 2011, ARE THEREFORE ESTIMATED TO HAVE BEEN LESS THAN $270,000. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 221939 | OtherCostOrOtherBasis |
| Depreciation | 186784 | Depreciation |
| Book Value | 35155 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1929674 | OtherCostOrOtherBasis |
| Depreciation | 1541334 | Depreciation |
| Book Value | 388340 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8300071 | OtherCostOrOtherBasis |
| Depreciation | 3392355 | Depreciation |
| Book Value | 4907716 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 5331211 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| CONSTRUCTION LOANS, NET OF RESERVE | 325029992 | C |
| CONSTRUCTION LOAN PARTICIPATIONS | 382856226 | C |
| PERMANENT MORTGAGE LOANS | 47265689 | C |
| PERMANENT LOAN PARTICIPATIONS | 226904151 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 982056058 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO PARTICIPANTS | Description |
| Amount | $10,431,492 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 10431492 | TotalOfAmounts |
| Total Revenue | 70018011 | TotalRevenue |
| Total Expenses | 127664151 | TotalExpenses |
| Excess Or Deficit For Year | -57646140 | ExcessOrDeficitForYear |
| Prior Period Adjustments | 20223827 | PriorPeriodAdjustments |
| Other | $3,583,267 | OtherAmount |
| Total Adjustments | 23807094 | TotalAdjustments |
| Excess Or Deficit Per FS | -33839046 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 108760730 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 42830719 | OtherRevenues |
| Revenue Not Rptd F990 | 42830719 | RevenueNotRptdF990 |
| Revenue Subtotal | 65930011 | RevenueSubtotal |
| Other Revenues Not Included | 4088000 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 4088000 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 70018011 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 162823603 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 39247452 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 39247452 | ExpensesNotRptdF990 |
| Expenses Subtotal | 123576151 | ExpensesSubtotal |
| Other Expenses Not Included | 4088000 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 4088000 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 127664151 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | THE CORPORATION MAKES CONSTRUCTION LOANS AND PERMANENT MORTGAGE LOANS TO BORROWERS FOR LOW AND MODERATE INCOME HOUSING. IN CONJUNCTION WITH THOSE LOANS, THE CORPORATION HOLDS BORROWER FUNDS IN ESCROW FOR THE PAYMENT OF REAL ESTATE TAXES, PROPERTY INSURANCE PREMIUMS, INSPECTION FEES, AND OTHER LOAN-RELATED ITEMS. IN ADDITION, THE CORPORATION HOLDS FUNDS BELONGING TO NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT AND CERTAIN OTHER GOVERNMENT AGENCIES, WHICH PARTICIPATE IN CERTAIN OF THE CORPORATION'S LOANS, FOR FUTURE LOAN ADVANCES TO BORROWERS ON BEHALF OF THOSE AGENCIES. AT JUNE 30, 2011, THE CORPORATION HELD APPROXIMATELY $126 MILLION OF BORROWER ESCROW FUNDS AND APPROXIMATELY $81 MILLION OF GOVERNMENT AGENCY FUNDS. | |
| PART X: | EFFECTIVE JULY 1, 2009, THE CORPORATION USES A MORE-LIKELY THAN NOT THRESHOLD FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR TO BE TAKEN IN A TAX RETURN. IN ACCORDANCE WITH THE ACCOUNTING GUIDANCE ON THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE CORPORATION ASSESSED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS AS OF JUNE 30, 2011, WHICH ARE FROM JULY 1, 2007 THROUGH JUNE 30, 2010. THE CORPORATION CONCLUDED THAT IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS TO BE RECOGNIZED AT THIS TIME. IF THERE ARE INTEREST AND PENALTIES ON TAX POSITIONS, THE CORPORATION'S POLICY IS TO CLASSIFY THESE AS GENERAL AND ADMINISTRATIVE EXPENSES. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| EQUITY IN NON-EXEMPT SUBSIDIARIES 3,583,267. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| INCOME OF NON-EXEMPT SUBSIDIARIES INCLUDED IN CONSOLIDATED AUDIT 42,830,719. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| RECLASS UNREALIZED LOSS ON FMV OF LOANS 4,088,000. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| EXPENSES OF NON-EXEMPT SUBSIDIARIES INCLUDED IN CONSOLIDATED AUDIT 39,247,452. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| RECLASS UNREALIZED LOSS ON FMV OF LOANS 4,088,000. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (7 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant | IRC SectionIRCSection | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|---|---|---|---|---|---|
| BOULEVARD APARTMENTS LLC | ||||||||||
| 112 HIGH STREET | HOOSICK FALLS | NY | 12090 | 223892567 | 30000 | CDFI GRANT UNDER NEW YORK STATE PROGRAM | ||||
| GENEVA GENERAL HOUSING DEVELOPMENT FUND CO INC | ||||||||||
| 260 NORTH STREET | GENEVA | NY | 14456 | 222816883 | NEW YORK STATE WEATHERIZATION GRANT | 501(C)(3) | 195690 | COST | WEATHERIZATION IMPROVEMENTS | |
| CANANDAIGUA GENERAL HOUSING DEVELOPMENT FUND CORP INC | ||||||||||
| 80 PARRISH STREET | CANANDAIGUA | NY | 14424 | 222415151 | NEW YORK STATE WEATHERIZATION GRANT | 501(C)(3) | 326799 | COST | WEATHERIZATION IMPROVEMENTS | |
| TWO PLUS FOUR MANAGEMENT COMPANY INC | ||||||||||
| 6320 FLY ROAD | SYRACUSE | NY | 13057 | 161140398 | NEW YORK STATE WEATHERIZATION GRANT | 64828 | COST | WEATHERIZATION IMPROVEMENTS | ||
| WATERTOWN ASSOCIATES LLC | ||||||||||
| 207 WEALTHEA AVENUE | WATERTOWN | NY | 13601 | 141628442 | NEW YORK STATE WEATHERIZATION GRANT | 354353 | COST | WEATHERIZATION IMPROVEMENTS | ||
| AUBURN HOUSING AUTHORITY | ||||||||||
| 20 THORNTON AVENUE | AUBURN | NY | 13021 | 156002494 | NEW YORK STATE WEATHERIZATION GRANT | CITY OF AUBURN | 804556 | COST | WEATHERIZATION IMPROVEMENTS | |
| SYRACUSE HOUING AUTHORITY | ||||||||||
| 427 TULLY STREET | SYRACUSE | NY | 13204 | 156001224 | NEW YORK STATE WEATHERIZATION GRANT | CITY OF SYRACUSE | 589776 | COST | WEATHERIZATION IMPROVEMENTS | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 4 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | CDFI GRANTS UNDER NEW YORK STATE PROGRAM | TypeOfGrant |
| Number Of Recipients | 7 | NumberOfRecipients |
| Amount Of Cash Grant | 19000 | AmountOfCashGrant |
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: THE CORPORATION MAKES GRANTS FROM ITS OWN FUNDS FROM TIME TO TIME TO NON-PROFITS WITH WHICH THE CORPORATION COLLABORATES IN CARRYING OUT ITS TAX-EXEMPT PURPOSES. EXAMPLES INCLUDE THE NEW YORK HOUSING CONFERENCE, THE NATIONAL ASSOCIATION OF AFFORDABLE HOUSING LENDERS, THE CITIZENS HOUSING AND PLANNING COUNCIL, AMONG MANY OTHERS. THE GRANTS ARE RELATIVELY MODEST IN AMOUNT, AND HELP MEET THE OPERATING BUDGETS OF THE GRANTEES. THE CORPORATION ALSO DEPLOYS FUNDS AWARDED TO IT IN THE EARLY 2000'S UNDER THE U.S. TREASURY'S COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) PROGRAM. THE CORPORATION'S AWARDS FROM CDFI TOTALED $5,000,000 OVER THE COURSE OF THE PROGRAM, AND WERE EXPENDED IN GRANTS AND LOANS TO PROPERTIES IN TARGET AREAS WHERE THE CORPORATION WAS ALSO AN ACTIVE LENDER. THE PURPOSES, AMOUNTS, AND PROPERTIES WERE IDENTIFIED IN REGULAR REPORTS SUBMITTED TO THE U.S. TREASURY DURING THE AWARDS' REQUIRED REPORTING PERIOD, WHICH HAS NOW EXPIRED. WHEN FUNDS FROM THE ORIGINAL CDFI GRANTS WERE DISBURSED AS LOANS ON INDIVIDUAL PROPERTIES, AND THOSE LOANS WERE SUBSEQUENTLY REPAID, THE CORPORATION HAS RE-DEPLOYED THE FUNDS FOR COMMUNITY DEVELOPMENT PURPOSES. THE CORPORATION ALSO MAKES PASS-THROUGH GRANTS UNDER A NEW YORK STATE WEATHERIZATION ASSISTANCE PROGRAM. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 1 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 1 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 1 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (38 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MICHAEL D LAPPIN | |||||||||||||
| 176934 | 294889 | 37500 | 62500 | 50458 | 915570 | 11944 | 19906 | 9258 | 15430 | 286094 | 1308295 | 0 | 0 |
| JOHN M MCCARTHY | |||||||||||||
| 321627 | 2430 | 44663 | 338 | 58024 | 240641 | 31611 | 239 | 25861 | 195 | 481786 | 243843 | 0 | 0 |
| CAROLYN AU | |||||||||||||
| 189829 | 0 | 30000 | 0 | 20184 | 73909 | 27710 | 0 | 21700 | 0 | 289423 | 73909 | 0 | 0 |
| CHRISTOPHER BETTS | |||||||||||||
| 132910 | 0 | 22000 | 0 | 20795 | 0 | 20189 | 0 | 19269 | 0 | 215163 | 0 | 0 | 0 |
| MARY A BRENNAN | |||||||||||||
| 226942 | 0 | 80000 | 0 | 43780 | 73909 | 31850 | 0 | 13851 | 0 | 396423 | 73909 | 0 | 0 |
| ROSE BROWNE | |||||||||||||
| 136319 | 0 | 15000 | 0 | 33704 | 36955 | 20586 | 0 | 176 | 0 | 205785 | 36955 | 0 | 0 |
| RICHARD P CONLEY | |||||||||||||
| 178968 | 0 | 22000 | 0 | 23577 | 73909 | 25870 | 0 | 15269 | 0 | 265684 | 73909 | 0 | 0 |
| BRUCE DALE | |||||||||||||
| 165495 | 0 | 15000 | 0 | 35171 | 73909 | 26130 | 0 | 24516 | 0 | 266312 | 73909 | 0 | 0 |
| ALICE DUNN | |||||||||||||
| 200971 | 44871 | 57224 | 12776 | 36601 | 8172 | 21323 | 4761 | 9602 | 2144 | 325721 | 72724 | 0 | 0 |
| JACK GREENE | |||||||||||||
| 229847 | 0 | 70000 | 0 | 37288 | 73909 | 31850 | 0 | 1653 | 0 | 370638 | 73909 | 0 | 0 |
| CHRISTOPHER R HOOKE | |||||||||||||
| 157266 | 0 | 100000 | 0 | 6412 | 0 | 1928 | 0 | 17616 | 0 | 283222 | 0 | 0 | 0 |
| DIANNA LOOK | |||||||||||||
| 157557 | 0 | 30000 | 0 | 22097 | 73909 | 23920 | 0 | 22056 | 0 | 255630 | 73909 | 0 | 0 |
| THOMAS P MCGRATH | |||||||||||||
| 186300 | 5762 | 21340 | 660 | 28299 | 74784 | 27710 | 857 | 18723 | 579 | 282372 | 82642 | 0 | 0 |
| DOUGLAS L OLCOTT | |||||||||||||
| 134038 | 0 | 12500 | 0 | 19638 | 0 | 20215 | 0 | 17341 | 0 | 203732 | 0 | 0 | 0 |
| ANITA PINS | |||||||||||||
| 168771 | 0 | 20000 | 0 | 26867 | 0 | 24908 | 0 | 6932 | 0 | 247478 | 0 | 0 | 0 |
| ROBERT RIGGS | |||||||||||||
| 163968 | 0 | 33000 | 0 | 28066 | 74000 | 24411 | 0 | 19686 | 0 | 269131 | 74000 | 0 | 0 |
| SADIE MCKEOWN | |||||||||||||
| 181710 | 0 | 27000 | 0 | 23415 | 73909 | 27183 | 0 | 23269 | 0 | 282577 | 73909 | 0 | 0 |
| RICHARD A KUMRO | |||||||||||||
| 124498 | 130882 | 41438 | 43563 | 22421 | 152912 | 15527 | 16323 | 9133 | 9601 | 213017 | 353281 | 0 | 0 |
| HELENE S RUDOLPH | |||||||||||||
| 144037 | 0 | 20000 | 0 | 19605 | 0 | 21515 | 0 | 13368 | 0 | 218525 | 0 | 0 | 0 |
| RONALD SCHIFERL | |||||||||||||
| 125100 | 109830 | 74550 | 65450 | 28594 | 25104 | 6310 | 5540 | 10356 | 9092 | 244910 | 215016 | 0 | 0 |
| BARBARA BAER | |||||||||||||
| 70645 | 90829 | 6563 | 8438 | 2432 | 3127 | 7440 | 9566 | 837 | 1076 | 87917 | 113036 | 0 | 0 |
| RICHARD BONVICINO | |||||||||||||
| 142872 | 31899 | 61311 | 13689 | 8658 | 1933 | 2616 | 584 | 18591 | 4151 | 234048 | 52256 | 0 | 0 |
| LYNN BRADLEY | |||||||||||||
| 112849 | 0 | 5500 | 0 | 21653 | 0 | 17415 | 0 | 5124 | 0 | 162541 | 0 | 0 | 0 |
| CECELIA DOYLE | |||||||||||||
| 92236 | 20594 | 16758 | 3742 | 21223 | 4738 | 6233 | 1392 | 2183 | 487 | 138633 | 30953 | 0 | 0 |
| SUSAN MCCLURE | |||||||||||||
| 171722 | 38341 | 12262 | 2738 | 20097 | 4487 | 10184 | 2274 | 19336 | 4317 | 233601 | 52157 | 0 | 0 |
| CHRISTOPHER O'KEEFE | |||||||||||||
| 127412 | 28447 | 22072 | 4928 | 14105 | 3149 | 18465 | 4123 | 4491 | 1003 | 186545 | 41650 | 0 | 0 |
| ANDREW PADIAN | |||||||||||||
| 118514 | 0 | 10000 | 0 | 7749 | 0 | 3089 | 0 | 17520 | 0 | 156872 | 0 | 0 | 0 |
| NICHOLAS PETRAGNANI | |||||||||||||
| 113664 | 0 | 22000 | 0 | 7369 | 0 | 15437 | 0 | 16040 | 0 | 174510 | 0 | 0 | 0 |
| BRENDA RATLIFF | |||||||||||||
| 73915 | 19945 | 15750 | 4250 | 18541 | 28100 | 12285 | 3315 | 6420 | 1732 | 126911 | 57342 | 0 | 0 |
| JAMES RYKOWSKI | |||||||||||||
| 119179 | 0 | 5500 | 0 | 14198 | 0 | 18148 | 0 | 19970 | 0 | 176995 | 0 | 0 | 0 |
| MARY F SCHOUENBORG-PADEN | |||||||||||||
| 107840 | 0 | 12000 | 0 | 7959 | 0 | 15347 | 0 | 10846 | 0 | 153992 | 0 | 0 | 0 |
| ANNEMARIE UEBBING | |||||||||||||
| 143837 | 0 | 5500 | 0 | 17691 | 0 | 21184 | 0 | 6716 | 0 | 194928 | 0 | 0 | 0 |
| DANIEL J WHEELER | |||||||||||||
| 117332 | 0 | 15000 | 0 | 8457 | 0 | 16939 | 0 | 17198 | 0 | 174926 | 0 | 0 | 0 |
| KATHLEEN A DUNN | |||||||||||||
| 3795 | 250487 | 1269 | 83731 | 739 | 302812 | 475 | 31375 | 212 | 14018 | 6490 | 682423 | 0 | 0 |
| SUSAN M POLLOCK | |||||||||||||
| 50032 | 156451 | 73573 | 16427 | 21370 | 94839 | 7408 | 23207 | 4666 | 14465 | 157049 | 305389 | 0 | 0 |
| MARY E ENRIGHT | |||||||||||||
| 620 | 193736 | 96 | 29904 | 97 | 122624 | 91 | 28541 | 26 | 7972 | 930 | 382777 | 0 | 0 |
| WILLIAM A BURKE | |||||||||||||
| 29195 | 201756 | 6953 | 48047 | 5356 | 37012 | 4026 | 27824 | 101 | 699 | 45631 | 315338 | 0 | 0 |
| BARRY E LIGHT | |||||||||||||
| 0 | 174861 | 0 | 8000 | 0 | 24585 | 0 | 26325 | 0 | 9652 | 0 | 243423 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINES 4B-C | SCHEDULE J, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PAYMENTS: FROM THE FROM RELATED ORGANIZATION ORGANIZATION CAROLYN AU 5,100 - CHRISTOPHER P BETTS 3,500 - MARY A BRENNAN 18,700 - ROSE BROWNE 3,500 - WILLIAM A BURKE 1,568 10,832 RICHARD P CONLEY 4,300 - BRUCE DALE 3,600 - ALICE DUNN 17,004 3,796 KATHLEEN A DUNN 378 24,922 MARY E ENRIGHT 20 6,180 JACK GREENE 15,100 - RICHARD A KUMRO 11,261 11,839 MICHAEL D LAPPIN 30,563 50,937 DIANNA LOOK 4,700 - JOHN M MCCARTHY 33,050 250 THOMAS P MCGRATH 4,171 129 SADIE MCKEOWN 4,600 - DOUGLAS L OLCOTT 2,200 - ANITA PINS 4,200 - SUSAN M POLLOCK 13,897 3,103 ROBERT L RIGGS 5,400 - HELENE S RUDOLPH 3,300 - RONALD SCHIFERL 16,188 14,212 SCHEDULE J, LINE 4C - EQUITY-BASED COMPENSATION PAYMENTS: FROM THE FROM RELATED ORGANIZATION ORGANIZATION CAROLYN AU - 73,909 MARY A BRENNAN - 73,909 ROSE BROWNE - 36,955 RICHARD P CONLEY - 73,909 BRUCE DALE - 73,909 KATHLEEN A DUNN - 254,062 MARY E ENRIGHT - 92,386 JACK GREENE - 73,909 RICHARD A KUMRO - 129,341 MICHAEL D LAPPIN - 831,473 DIANNA LOOK - 73,909 JOHN M MCCARTHY - 240,203 THOMAS P MCGRATH - 73,909 SADIE MCKEOWN - 73,909 SUSAN M POLLOCK - 73,909 BRENDA RATLIFF - 23,097 ROBERT L RIGGS - 74,000 |
| PART I, LINE 5 | THE PAYMENTS DETAILED IN THE RESPONSE TO ITEM 4A ABOVE WERE BASED ON THE REVENUE OF A RELATED ORGANIZATION FROM A SPECIFIC INVESTMENT AND ARE INCLUDED IN THE COMPENSATION FROM RELATED ORGANIZATIONS REPORTED IN PART II. |
| PART I, LINE 6 | THE PAYMENTS DETAILED IN THE RESPONSE TO ITEM 4A ABOVE WERE BASED ON THE REVENUE OF A RELATED ORGANIZATION FROM A SPECIFIC INVESTMENT AND ARE INCLUDED IN THE COMPENSATION FROM RELATED ORGANIZATIONS REPORTED IN PART II. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|
| VARIOUS DIRECTORS | ||
| DIRECTORS | ABOUT HALF OF THE CORPORATION'S DIRECTORS AT ANY GIVEN TIME ARE INCUMBENT SENIOR OFFICIALS OF FINANCIAL INSTITUTIONS THAT ARE MEMBERS OF, PROVIDE CREDIT TO, AND/OR HAVE TRANSACTIONS WITH THE CORPORATION IN THE ORDINARY COURSE OF BUSINESS, SUCH AS PURCHASING LOAN PARTICIPATIONS. IN ADDITION, IN 2008 A LOAN FUND MANAGED BY ONE OF THE DIRECTORS OF THE CORPORATION AND OF ITS SUBSIDIARY, CPC RESOURCES INC., LOANED FUNDS TO THE SUBSIDIARY. | 0 |
| JOHN M MCCARTHY | ||
| EXECUTIVE V.P. & CHIEF OPERATING OFFICER | MR. MCCARTHY SERVES AS CHAIRMAN OF THE HOUSING PARTNERSHIP DEVELOPMENT CORPORATION (HPDC), A NON-PROFIT ENTITY WHOSE PURPOSES INCLUDE DEPLOYING STATE HOUSING SUBSIDIES TO APPROVED PROJECTS. A FEW PROJECTS RELATED TO THE ORGANIZATION AND TO CPC RESOURCES INC. (CPCR), THE ORGANIZATIONS WHOLLY-OWNED NON-EXEMPT SUBSIDIARY, HAVE RECEIVED THESE SUBSIDIES. MR. MCCARTHY IS SUBJECT TO WRITTEN CONFLICT OF INTEREST POLICIES OF BOTH THE ORGANIZATION AND HPDC AND HAS NOT TAKEN PART IN HPDC DECISIONS TO DEPLOY, NOR IN DECISIONS OF THE ORGANIZATION OR CPCR TO SEEK, THESE SUBSIDIES. | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | CHRISTOPHER O'KEEFE IS THE NEPHEW OF KATHLEEN A. DUNN. | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE CORPORATION HAS FOUR CLASSES OF MEMBERS: CLASS A CONSISTS OF FOUNDING COMMERCIAL BANKS AND IS A CLOSED CLASS; CLASS B CONSISTS SOLELY OF THE NEW YORK STATE BANKERS ASSOCIATION; CLASS C CONSISTS OF LIFE INSURANCE COMPANIES; CLASS D CONSISTS OF FINANCIAL INSTITUTIONS AND OTHERS THAT DO NOT FIT WITHIN THE OTHER THREE CLASSES. | |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBERSHIP CLASS HAS THE RIGHT TO VOTE FOR TWO OF THE CORPORATION'S DIRECTORS (THE REMAINDER OF THE BOARD BEING ELECTED AT-LARGE BY THE BOARD ITSELF), AND UNDER NEW YORK LAW THE MEMBERS ALSO HAVE CERTAIN RIGHTS TO VOTE ON MAJOR ISSUES SUCH AS MERGERS AND DISSOLUTION. | |
| FORM 990, PART VI, SECTION A, LINE 7B | UNDER NEW YORK LAW, THE MEMBERS HAVE CERTAIN RIGHTS TO VOTE ON MAJOR ISSUES SUCH AS MERGERS AND DISSOLUTION. | |
| FORM 990, PART VI, SECTION B, LINE 11 | PRIOR TO FILING, A DRAFT COPY OF FORM 990 WAS REVIEWED FOR COMPLETENESS AND ACCURACY BY MEMBERS OF THE CORPORATION'S MANAGMENT AND WAS ALSO SUPPLIED TO THE COMPENSATION COMMITTEE OF THE CORPORATION'S BOARD OF DIRECTORS FOR COMMENT. THE FINAL REVIEWED VERSION OF FORM 990 WAS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO THE FORM'S ELECTRONIC FILING. | |
| RESPONSES ARE REVIEWED BY THE ORGANIZATION'S INDEPENDENT AUDITORS AS PART OF THE ANNUAL FINANICAL AUDIT. | FORM 990, PART VI, SECTION B, LINE 12C | |
| EACH YEAR, THE CORPORATION PARTICIPATES IN MARKET SURVEYS RELEVANT TO THE COMMERCIAL REAL ESTATE FINANCIAL SERVICES INDUSTRY. THE CORPORATION BENCHMARKS ITS TOTAL COMPENSATION AGAINST COMPARABLE JOBS FOUND IN RELEVANT SURVEYS (MCLAGAN AND TOWERS WATSON). THE PEER INSTITUIONS USED AS BENCHMARKS ARE THOSE FOUND IN THE MCGLAGAN MARKET SURVEY (INCLUDING OVER 100 PARTICIPANTS, INCLUDING BANKS, INSURANCE COMPANIES, ETC.). THE CORPORATION'S COMPENSATION COMMITTEE, COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS, REVIEW AND APPROVE ANNUALLY THE RECOMMENDED COMPENSATION (SALARY, ANNUAL BONUS, LONG-TERM INCENTIVE PLAN, AND EXECUTIVE RETIREMENT PLAN) FOR THE CORPORATION'S SENIOR MANAGEMENT TEAM AND TOP 25 EMPLOYEES. THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THE OVERALL AMOUNTS OF SALARIES AND BONUS AWARDS BEFORE RECOMMENDATIONS ARE MADE BASED ON MARKET DATA, BUSINESS CONDITIONS AND THE OVERALL COMPETITIVE MARKETPLACE. THE CORPORATION'S BOARD OF DIRECTORS THEN REVIEWS AND APPROVES ALL COMPENSATION RECOMMENDATIONS. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE CORPORATION'S CHARTER IS A PUBLIC DOCUMENT AVAILABLE FROM THE NEW YORK SECRETARY OF STATE. A SUMMARY OF THE CORPORATION'S AUDITED FINANCIAL STATEMENTS IS INCLUDED EACH YEAR IN THE CORPORATION'S ANNUAL REPORT, WHICH IS AVAILABLE ON THE CORPORATION'S WEBSITE, AND THE FULL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE CORPORATION'S BY-LAWS, CONFLICT OF INTEREST POLICY AND SIMILAR DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC BUT ARE AVAILABLE TO THE CORPORATION'S MEMBERS UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | PRIOR PERIOD ADJUSTMENTS: 20,223,827. EQUITY IN NON-EXEMPT SUBSIDIARIES 3,583,267. TOTAL TO FORM 990, PART XI, LINE 5: 23,807,094. | FORM 990, PART XI, LINE 5: |
| FORM 990, PART XI, LINE 2: THE CORPORATION HAS HAD NO CHANGE FROM THE PRIOR YEAR IN THE PROCESS FOR SELECTION OF AUDITOR OR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. | ||
| CPC NOMINEE 1, INC. (CPCN) IS A DELAWARE CORPORATION OWNED 100% BY THE ORGANIZATION. IT WAS FORMED FOR THE PURPOSE OF TEMPORARILY HOLDING TITLE TO REAL ESTATE ACQUIRED BY THE ORGANIZATION THROUGH LOAN FORECLOSURES. AT JUNE 30, 2011, IT OWNED ONLY ASSETS WHICH CONSIST OF REAL ESTATE IN NEW YORK STATE. ONCE THESE ASSETS ARE DISPOSED OF CPCN WILL BE FORMALLY DISSOLVED. | SUPPLEMENT TO SCHEDULE R, PART V, TRANSACTIONS WITH RELATED ORGANIZATIONS. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CPC REO LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 28 EAST 28TH STREET 9TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10016 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 272320596 | EIN |
| Primary Activities | TITLEHOLDER | PrimaryActivities |
| Legal Domicile State | NY | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CPC RESOURCES INC | |||||||||||
| 28 EAST 28TH STREET | NEW YORK | NY | 10016 | 133692436 | INVESTMENT, CONSULTING, REAL ESTATE DEVELOPMENT | NY | N/A | C | 12157780 | 87617603 | 1.00000 |
| CPC NOMINEE 1 INC | |||||||||||
| 28 EAST 28TH STREET | NEW YORK | NY | 10016 | 133947975 | REAL ESTATE NOMINEE | NY | N/A | C | 64333 | 2179882 | 1.00000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | 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 | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (6 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| CPC RESOURCES INC | |
| A | 196144 |
| CPC RESOURCES INC | |
| I | 196144 |
| CPC RESOURCES INC | |
| M | 997353 |
| CPC RESOURCES INC | |
| N | 2179977 |
| CPC RESOURCES INC | |
| P | 3177330 |
| CPC NOMINEE 1 INC (SEE FOOTNOTE ON SCHEDULE O) | |
| Q | |