2012-11-15T14:55:02-06:00 2011-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2011-01-01 112647339 EAST WILLIAMSBURG VALLEY INDUSTRIAL DEVELOPMENT CORPORATION EAST 7183887287 11 CATHERINE STREET NO 312 BROOKLYN NY 11211 LEAH ARCHIBALD 7183887287 2012-11-12 1 FREDERICK H ROTHMAN P01275277 2128674000 2011 2016-02-24 21:20:13Z LEAH ARCHIBALD 11 CATHERINE STREET NO 312 BROOKLYN NY 11211 654761 0 X WWW.EWVIDCO.COM X 1982 NY INDUSTRIAL & NEIGHBORHOOD DEVELOPMENT AND REVITALIZATION 12 12 8 12 0 0 516723 455835 131415 155602 2515 1167 -20933 14340 629720 626944 1550 650 0 0 401883 413143 0 0 0 327298 335593 730731 749386 -101011 -122442 4494288 4364531 49613 42298 4444675 4322233 X EAST WILLIAMSBURG VALLEY INDUSTRIAL DEVELOPMENT CORPORATIONS MISSION IS TO MAINTAIN AND CONTINUALLY IMPROVE THE SUPERIOR INDUSTRIAL BUSINESS CLIMATE FOUND IN EAST WILLIAMSBURG AND CREATE EMPLOYMENT OPPORTUNITIES FOR NEIGHBORHOOD RESIDENTS.THEIR SERVICES FALL INTO TWO MAIN AREAS WHICH ARE BUSINESS RETENTION AND BUSINESS EXPANSION AND ATTRACTION. 0 0 353837 650 INDUSTRIAL DEVELOPMENT-EWVIDCO PROVIDES A BROAD RANGE OF SERVICES TO IMPROVE THE INDUSTRIAL BUSINESS ENVIRONMENT AND TO MEET THE NEEDS OF LOCAL BUSINESSES INCLUDING SECURITY,SANITATION,INTERVENTION WITH GOVERNMENTAL AGENCIES, IMPROVING INFRASTRUCTURE AND IMPROVING MUNICIPAL SERVICES. 62084 ENVIRONMENTAL IMPROVEMENT PROGRAM- IS A NYS PROGRAM THAT ASSISTS BUSINESSES WITH THE PURCHASE OF EQUIPMENT THAT REDUCES WASTE AND INCREASES PRODUCTIVITY AND PROFIT FOR NYS MANUFACTURERS. IN 2007 EAST WILLIAMSBURG VALLEY INDUSTRIAL DEVELOPMENT ASSISTED TWO LOCAL FIRMS WITH EQUIPMENT PURCHASE THROUGH THIS PROGRAM. EAST WILLIAMSBURG VALLEY INDUSTRIAL DEVELOPMENT HOLDS TITLE TO THIS EQUIPMENT FOR 5 YEARS, AT WHICH POINT OWNERSHIP REVERTS TO THE PARTCIPATING MANUFACTURER. 220890 155602 NORTH BROOKLYN INDUSTRIAL CENTER LLC IS A WHOLLY OWNED SUBSIDIARY OF EWVIDCO WHOSE PURPOSE IS TO HOLD AND RENT REAL ESTATE. THE PROGRAM WAS ESTABLISHED TO ENGAGE IN REAL ESTATE DEVELOPMENT TO PRESERVE INDUSTRIAL REAL ESTATE IN NORTH BROOKLYN. BOTH CORPORATIONS SHARE SPACE AND COSTS. NORTH BROOKLYN INDUSTRIAL CENTER LLC BECAME OPERATIONAL IN 2008. 636811 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 3 0 8 1 0 0 0 0 0 1 1 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X MS CINDY ROSS 7183887287 11 CATHERINE STREET BROOKLYN NY 11211 TOD GREENFIELD 1.00 X X 0 0 0 JOE ROBLES JR 1.00 X X 0 0 0 NATHAN SUDAKOFF 1.00 X X 0 0 0 WESLEY WATSON 1.00 X X 0 0 0 ARMANDO C CHAPELLIQUEN 1.00 X X 0 0 0 STEPHANIE GITLIN 1.00 X 0 0 0 HANK HARMANOGLU 1.00 X 0 0 0 BABU KHALFAN 1.00 X 0 0 0 ZACHARY WEINER 1.00 X 0 0 0 SANDY WIENER 1.00 X 0 0 0 JESENIA QUINONES 1.00 X 0 0 0 JOSE LEON 1.00 X 0 0 0 LEAH ARCHIBALD 35.00 X 92281 0 4848 92281 0 4848 0 0 0 0 0 39700 26000 296885 93250 455835 RENTAL INCOME 900099 155602 155602 155602 1167 1167 41565 26000 27817 13748 13748 MISCELLANEOUS 900099 592 592 592 626944 155602 0 15507 650 650 100631 80711 19920 241373 202284 39089 6154 4575 1579 40531 32134 8397 24454 20577 3877 20003 20003 10370 10370 13117 8820 4297 60 60 31676 30289 1387 44270 43561 709 353 353 173868 173625 243 17055 14351 2704 SUBCONTRACTORS 15560 15560 MISC. 8072 8072 STAFF TRAINING AND DEVE 1189 1189 749386 636811 112575 0 393507 420100 177099 171408 3651 6735 4438625 672337 3919656 3766288 375 4494288 4364531 36701 27433 446 500 2000 12412 12419 49613 42298 X 4436422 4306730 8253 15503 4444675 4322233 4494288 4364531 -122442 0 X X 0 1 1 X 0 X 876245 3051206 1722110 516723 455835 6622119 876245 3051206 1722110 516723 455835 6622119 6622119 13944 35815 88964 133930 156769 429422 33483 10600 5128 13748 62959 63534 151 4687 2295 592 71259 7185759 320135 0.92160 0.93170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 260000 260000 3830289 336170 3494119 332979 330637 2342 15357 5530 9827 3766288 SECURITY DEPOSITS-TENANTS 12419 12419 626944 749386 -122442 -122442 654761 27817 27817 626944 0 626944 777203 27817 27817 749386 0 749386 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: UNCERTAINTY IN INCOME TAXES - EWVIDCO HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2007 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENTS 27,817. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENTS 27,817. UNCERTAINTY IN INCOME TAXES- EWVIDCO HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2008 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. BOWLING FUNDRAISING EVENT 67565 26000 41565 27817 67565 26000 41565 27817 27817 13748 FORM 990, PART VI, SECTION A, LINE 6 EAST WILLIAMSBURG VALLEY INDUSTRIAL DEVELOPMENT CORPORATIONS IS A MEMBERSHIP ORGANIZATION AND THEREFORE HAS MEMBERS. THEIR IS A SINGLE CLASS OF MEMBERSHIP. MEMBERSHIP DUES ARE DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS.DUES ARE $400. MEMBERSHIP IN THE CORPORATION EXISTS ON A YEARLY BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEMBERSHIP MEETING.THE BOARD MAY REFUSE TO GRANT MEMBERSHIP TO ANY APPLICANT. A MEMBER MAY RESIGN ITS MEMBERSHIP IN THE CORPORATION AT ANY TIME BY PROVIDING WRITTEN NOTICE TO THE CORPORATION. AT THE ANNUAL MEMBERSHIP MEETING THE BOARD OF DIRECTORS PRESENT AN ANNUAL REPORT TO THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE EWVIDCO BOARD OF DIRECTORS REVIEWS THE 990 PRIOR TO ITS SUBMISSION EACH YEAR. IN 2012 IT WAS REVIEWED THEIR NOVEMBER 2012 MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS TRANSACTIONS FOR POTENTIAL CONFLICTS ON AN ONGOING BASIS; TO DATE NONE HAVE EVER ARISEN. COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A WHEN APPROVING COMPENSATION FOR THE EXECUTIVE DIRECTOR,THE BOARD EVALUATES COMPENSATION OF SIMILAR ORGANIZATIONS AND CALCULATES THE RANGE OF COMPENSATIONS TO BE OFFERED.THIS IS USUALLY DONE AT THE END OF THE YEAR. THE LAST EVALUATION WAS CONDUCTED IN DECEMBER 2011. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE EXECUTIVE DIRECTOR. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. NORTH BROOKLYN INDUSTRIAL CENTER LLC 11 CATHERINE STREET BROOKLYN NY 11211 331194763 PRESERVATION OF INDUSTRIAL REAL ESTATE IN NORTH BROOKLYN NY 156335 3847206 N/A 1 1 1 1