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New York City Economic Development Corp: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
New York City Economic Development Corp (EIN 13-2577233)
Tax period
2009-07-01 to 2010-06-30
Filed
2011-05-16
IRS object ID
201101369349306870
Schema version
2009v1.7
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-05-16T18:04:50-04:00Timestamp
Tax Period End Date2010-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ERNST & YOUNG US LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1111 MONUMENT CIRCLE SUITE 2600AddressLine1
CityINDIANAPOLISCity
StateINState
ZIP Code46204ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN132577233EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1New York City Economic Development CorpBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlNEWYNameControl
Phone2123123855Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1110 WILLIAM STREETAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10038ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameKYLE KIMBALLName
TitleCFOTitle
Date Signed2011-05-16DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
Phone3176817000Phone
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonKYLE KIMBALLNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1110 WILLIAM STREETAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10038ZIPCode
FieldValueIRS element (for citing)
Gross Receipts768754043GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteWWW.NYCEDC.COMWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1991YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission DescriptionNYCEDC FUNCTIONS AS NEW YORK CITY'S PRIMARY ENGINE FOR ECONOMIC DEVELOPMENT, LEVERAGES THE CITY'S ASSETS, DRIVES ECONOMIC GROWTH AND DIVERSITY, AND CREATES AND RETAINS JOBS.ActivityOrMissionDescription
Nbr Voting Members Governing Body23NbrVotingMembersGoverningBody
Nbr Independent Voting Members23NbrIndependentVotingMembers
Total Nbr Employees578TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year543809446ContributionsGrantsPriorYear
Contributions Grants Current Year619861050ContributionsGrantsCurrentYear
Program Service Revenue Prior Year70009207ProgramServiceRevenuePriorYear
Program Service Revenue CY109340004ProgramServiceRevenueCY
Investment Income Prior Year3303976InvestmentIncomePriorYear
Investment Income Current Year823974InvestmentIncomeCurrentYear
Other Revenue Prior Year36743876OtherRevenuePriorYear
Other Revenue Current Year38729015OtherRevenueCurrentYear
Total Revenue Prior Year653866505TotalRevenuePriorYear
Total Revenue Current Year768754043TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year26922463SalariesEtcPriorYear
Salaries Etc Current Year23970528SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year681517449OtherExpensePriorYear
Other Expenses Current Year725004539OtherExpensesCurrentYear
Total Expenses Prior Year708439912TotalExpensesPriorYear
Total Expenses Current Year748975067TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-54573407RevenuesLessExpensesPriorYear
Revenues Less Expenses CY19778976RevenuesLessExpensesCY
Total Assets BOY482426197TotalAssetsBOY
Total Assets EOY570369874TotalAssetsEOY
Total Liabilities BOY291706199TotalLiabilitiesBOY
Total Liabilities EOY359763283TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY190719998NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY210606591NetAssetsOrFundBalancesEOY
Mission DescriptionNYCEDC'S MISSION IS TO ENCOURAGE ECONOMIC GROWTH IN EACH OF THE FIVE BOROUGHS OF NEW YORK CITY BY STRENGTHENING THE CITY'S COMPETITIVE POSITION AND FACILITATING INVESTMENTS THAT BUILD CAPACITY, GENERATE PROSPERITY AND CATALYZE THE ECONOMIC VIBRANCY OF THE CITY AS A WHOLE.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense742153125Expense
Revenue148069019Revenue
DescriptionTHE CITY AND NYCEDC HAVE ENTERED INTO THE NYCEDC MASTER CONTRACT UNDER WHICH NYCEDC HAS BEEN RETAINED TO PERFORM VARIOUS SERVICES PRIMARILY RELATED TO THE RETENTION AND EXPANSION OF INDUSTRIAL AND COMMERCIAL DEVELOPMENT WITHIN THE CITY, INCLUDING AMONG OTHERS (1) FACILITATING COMMERCIAL AND INDUSTRIAL DEVELOPMENT PROJECTS, (2) STABILIZING AND IMPROVING INDUSTRIAL AREAS IN THE CITY, (3) ADMINISTERING PUBLIC LOAN, GRANT AND SUBSIDY PROGRAMS ON BEHALF OF THE CITY, (4) ENCOURAGING DEVELOPMENT OF INTRASTATE, INTERSTATE AND INTERNATIONAL COMMERCE WITHIN THE CITY, AND (5) MANAGING AND MAINTAINING CERTAIN CITY-OWNED PROPERTIES.Description
Total Program Service Expense742153125TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiestrueLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingtrueCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Balance Sheet Amounts ReportedtrueBalanceSheetAmountsReported
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmttrueConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MembertrueBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshptrueOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntitytrueDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntitytrueRelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With109633NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees578NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Nbr Voting Governing Body Members23NbrVotingGoverningBodyMembers
Number Independent Voting Members23NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholderstrueMembersOrStockholders
Election Of Board MemberstrueElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChapterstrueLocalChapters
Policies Reference ChaptersfalsePoliciesReferenceChapters
Form990 Provided To Governing BodyfalseForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturetrueInvestmentInJointVenture
Written Policy Or ProceduretrueWrittenPolicyOrProcedure
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonKYLE KIMBALLNamePerson
Telephone Number2123123855TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1110 WILLIAM STREETAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10038ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (80 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerHighest Compensated EmployeeHighestCompensatedEmployee
Tony Barsamian
DIRECTOR1.0X000
Rev AR Bernard Sr
DIRECTOR1.0X000
Sharon Y Bowen
DIRECTOR1.0X000
William Candelara
DIRECTOR1.0X000
Peter Davidson until 11110
DIRECTOR1.0X000
Angela A Chao
DIRECTOR1.0X000
Nicholas Dmytryszyn
DIRECTOR1.0X011855251357
Joseph I Douek
DIRECTOR1.0X000
Alan B Friedberg
DIRECTOR1.0X000
Victor Ganzi
DIRECTOR1.0X000
Alaina Gilligo
DIRECTOR1.0X012994056290
Stanley Komaroff until 1009
DIRECTOR1.0X000
Robert Lieber
DIRECTOR1.0X021257592087
Vicki Match Suna
DIRECTOR1.0X000
Melva Miller
DIRECTOR1.0X08277135856
Mario J Palumbo Jr
DIRECTOR1.0X000
Jeffrey Pash
DIRECTOR1.0X000
Rosa Alexandria until 1009
DIRECTOR1.0X015614067640
Mark E Russo
DIRECTOR1.0X000
Rafaek Salaberrios until 61510
DIRECTOR1.0X000
Carlo A Scissura
DIRECTOR1.0X014669463548
Robert J Strang
DIRECTOR1.0X000
George Twill
DIRECTOR1.0X000
Leonard Wasserman
DIRECTOR1.0X016302570622
Rev Reginal Williams
DIRECTOR1.0X000
Kathryn S Wylde
DIRECTOR1.0X000
Alfred D Youngwood
DIRECTOR1.0X000
Seth Pinsky
President35.0197019034904X
John Cicerello as of 2210
Executive Vice President35.0000X
Melvin Glickman
Executive Vice President35.0154408028938X
Meredith J Jones
General Counsel/Secretary35.0172812031515X
Kyle Kimball
EXECUTIVE VP/SENIOR VP35.0144567015069X
David Lombino
Executive Vice President35.011525007321X
Tokumbo Shobowale
Executive Vice President35.0166411041274X
Steve Strauss
EXECUTIVE VP/SENIOR VP35.0145000022661X
Maria Torres
EXECUTIVE VP/SENIOR VP35.0149770024658X
Joshua Wallack
Executive Vice President35.0139137018283X
Madelyn Wils
Executive Vice President35.0170145034561X
Jason Wright
Executive Vice President35.0172812042170X
Hardy Adasko
Senior Vice President35.0141758037822X
Maureen Babis
Senior Vice President35.0122200024429X
Dean Bodnar as of 61010
Senior Vice President35.0000X
Lee Benedict
Senior Vice President35.0147420040223X
Maryann Catalano
Senior Vice President35.098866031817X
David Ehrenberg
Senior Vice President35.090520029744X
James Gallagher
Senior Vice President35.0152795015891X
Susan Goldfinger
Senior Vice President35.0145800039996X
J Thomas Jones
Senior Vice President35.0137285037196X
David Kane
Senior Vice President35.0154548041221X
Lynn Kelly
Senior Vice President35.0106052032823X
Liza Kent
Senior Vice President35.0142892038859X
Alyssa Cobb Konon
Senior Vice President35.07128009979X
Dmitri Konon
Senior Vice President35.0122307036707X
Venetia Lannon
Senior Vice President35.0126360035666X
Steve Lazarus
Senior Vice President35.0129210036065X
Lisa Lugo
Senior Vice President35.013915406948X
Christopher Malin
Treasurer/Senior VP35.0142269037894X
Thomas McKnight
Senior Vice President35.0116600035908X
Ricardo Niles
Assistant Treasurer/Senior VP35.0141750026569X
Patrick O' Sullivan
Senior Vice President35.0107481029918X
Luigi Pedalino
Senior VP/Records MGMT OFFICER35.0121722034191X
Kristine Pizzo
Senior Vice President35.0134279026033X
Euan Robertson
Senior Vice President35.0137810019584X
Peyton Sise
Senior Vice President35.0152720040965X
Ian Smith
Senior Vice President35.0160347040425X
Howard Spieler
Senior Vice President35.0129068036045X
Becky Ta as of 61010
Senior Vice President35.0000X
Lawton Thomas
Senior Vice President35.0123000023944X
Daniel Zarrilli
Senior Vice President35.0130638036265X
Judith Capolongo
Assistant Secretary35.0123083024553X
Richard Marshall
Assistant Secretary35.0150448040647X
Mark Silversmith
Assistant Secretary35.0155617039762X
Christine Nicastro
Assistant Treasurer35.0105923032805X
Donna Sevarino
Records Management Officer35.05384603660X
Marie Wilcox aka Marysa Wambu
Senior Vice President35.0114400016016X
Ann Weisbrod-HUD YD DEV CORP
PRESIDENT35.0189881022000X
Andrew Winters-CITY HALL
POLICY DIRECTOR35.0184034043741X
David Farber-HUD YD DEV CORP
GENERAL COUNSEL35.0183621036084X
Michael Meola
SENIOR VP35.0177818019536X
Louis D'Amico-HUD YD DEV CORP
SENIOR VP35.0171720036084X
FieldValueIRS element (for citing)
Total Reportable Comp From Org6963853TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs1009697TotalReportableCompFrmRltdOrgs
Total Other Compensation1936769TotalOtherCompensation
Number Individuals GT100 K44NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
Weisz Yoes Architecture
224 Centre St 5 FLNEW YORKNY10013Architectural SVCS386991
Beyer Blinder Belle
41 East 11th StNEW YORKNY10003ARCHITECTS207252
Ernst and Young
PO Box 96550WHITE PLAINSIL60693Accounting services200326
Robert J Daigella PE
44 Raven DriveALBANYNJ07960Consulting services180364
Mohamed Elwakil
525 East 72nd streetFLUSHINGNJ10021Consulting services181531
FieldValueIRS element (for citing)
Number Of Contractors GT100 K6NumberOfContractorsGT100K
Government Grants619861050GovernmentGrants
Total Contributions619861050TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
Power Sales5313905327552553275525
Real Estate Sales53139013960411396041
Developer Contributions53139014314001431400
Interest Income from Loans53139015070501507050
INCOME FROM EXEMPT AFFILIATE5313905172998851729988
FieldValueIRS element (for citing)
Total Program Service Revenue109340004TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column823974TotalRevenueColumn
Exclusion$823,974ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
42nd Street Project Revnue Sharing5313902164365021643650
Fee Income5313901651244916512449
Freshkills Project Revenue531390170721170721

Miscellaneous Revenue MiscellaneousRevenue

FieldValueIRS element (for citing)
Total Revenue Column402195TotalRevenueColumn
Related Or Exempt Function Income402195RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue38729015TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column768754043TotalRevenueColumn
Related Or Exempt Function Income148069019RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$823,974ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total0Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total0Total

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total0Total

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total6250197Total
Program Services3151772ProgramServices
Management And General3098424ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total7295598Total
Program Services7295598ProgramServices

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total3406366Total
Program Services2681581ProgramServices
Management And General724785ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total6396076Total
Program Services4134134ProgramServices
Management And General2261942ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total622291Total
Program Services144151ProgramServices
Management And General478140ManagementAndGeneral

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total0Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total166043Total
Management And General166043ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total192608Total
Management And General192608ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total0Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total0Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total0Total

Advertising Advertising

FieldValueIRS element (for citing)
Total30415Total
Program Services30415ProgramServices

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total4436564Total
Program Services4436564ProgramServices

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total670512Total
Program Services670512ProgramServices

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total7728592Total
Program Services7728592ProgramServices

Travel Travel

FieldValueIRS element (for citing)
Total149484Total
Program Services149484ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total144479Total
Program Services144479ProgramServices

Interest Interest

FieldValueIRS element (for citing)
Total31665Total
Program Services31665ProgramServices

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total1053983Total
Program Services1053983ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total228660Total
Program Services228660ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServices
CONTRACT/OTHR EXP TO CITY142650668142650668
Project Costs4404722744047227
Program Costs470697470470697470
Utility Expenses5232142952321429
Bad Debt Expense454741454741

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total748975067Total
Program Services742053124ProgramServices
Management And General6921942ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY8585BOY
EOY4500EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY135244230BOY
EOY159441845EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY177484982BOY
EOY167336041EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY45048306BOY
EOY39373909EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY6639295BOY
EOY108443118EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY824488BOY
EOY870240EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis7239343LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec3364415LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY2325907BOY
EOY3874928EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY42612541BOY
EOY54751516EOY

Investments Program Related InvestmentsProgramRelated

FieldValueIRS element (for citing)
BOY0BOY
EOY100000EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY72237863BOY
EOY36173777EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY482426197BOY
EOY570369874EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY129411219BOY
EOY126399794EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY89557640BOY
EOY72279434EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY3368835BOY
EOY3668995EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY69368505BOY
EOY157415060EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY291706199BOY
EOY359763283EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY87362764BOY
EOY108781014EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY103357234BOY
EOY101825577EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY190719998BOY
EOY210606591EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY482426197BOY
EOY570369874EOY
FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit RequiredtrueFederalGrantAuditRequired
Federal Grant Audit PerformedtrueFederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years300896147CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years381283168CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years589727937CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year543809446CurrentTaxYearMinus1Year
Current Tax Year619861050CurrentTaxYear
Total2435577748Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years300896147CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years381283168CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years589727937CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year543809446CurrentTaxYearMinus1Year
Current Tax Year619861050CurrentTaxYear
Total2435577748Total
FieldValueIRS element (for citing)
Public Support Total1702435577748PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years6064499CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years8646542CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years7596929CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3303976CurrentTaxYearMinus1Year
Current Tax Year823974CurrentTaxYear
Total26435920Total
FieldValueIRS element (for citing)
Total Support2462013668TotalSupport
Gross Receipts From Admissions Etc837932485GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.98926PublicSupportPertcentage170
Public Support Pertcent Prior Year0.98650PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbying
Total Direct LobbyingTotalDirectLobbying
Total Lobbying ExpendituresTotalLobbyingExpenditures
Other Exempt Purpose ExpendituresOtherExemptPurposeExpenditures
Total Exempt Purpose ExpendituresTotalExemptPurposeExpenditures
Lobbying NontaxableLobbyingNontaxableAmount
Grassroots NontaxableGrassrootsNontaxableAmount
Tot Lobbying Grassroot Minus Non TxTotLobbyingGrassrootMinusNonTx
Tot Lobby Expend Mns Lobbying NontxTotLobbyExpendMnsLobbyingNontx
VolunteersfalseVolunteers
Paid Staff Or ManagementtruePaidStaffOrManagement
Media AdvertisementsfalseMediaAdvertisements
Mailings MemberstrueMailingsMembers
Publications Or BroadcastfalsePublicationsOrBroadcast
Grants Other OrganizationsfalseGrantsOtherOrganizations
Direct Contact LegislatorstrueDirectContactLegislators
Rallies DemonstrationstrueRalliesDemonstrations
Other ActivitiesfalseOtherActivities
Not Described In501c3falseNotDescribedIn501c3

Form990 Schedule C Part IV Form990ScheduleCPartIV

FieldValueIRS element (for citing)
IdentifierPART IV SUPPLEMENTAL INFORMATIONIdentifier
ExplanationTHE TIME SPENT ON ANY OF THESE ACTIVITIES WAS NOT A SUBSTANTIAL PART OF NYCEDC'S ACTIVITIES. USING A HIGHLY CONSERVATIVE METHODOLOGY, NYCEDC BELIEVES THAT THE ABSOLUTE MAXIMUM IT COULD HAVE SPENT ON THESE ACTIVITIES WOULD AT MOST BE 3.17% OF ALL OF NYCEDC'S EXPENDITURES. NYCEDC BELIEVES THAT IT LIKELY SPENT SIGNIFICANTLY LESS THAN THAT AMOUNT. TO ARRIVE AT THE PERCENTAGE FIGURE, WE HAVE ATTRIBUTED THE FULL-TIME SALARY OF ANY NYCEDC EMPLOYEE WHO MAY OR COULD HAVE ENGAGED IN ANY OF THE ACTIVITIES AS WELL AS A PRO RATA SHARE OF THE RENT AND GENERAL ADMINISTRATIVE EXPENSES ALLOCABLE TO SUCH EMPLOYEES. USING THE FULL-TIME SALARIES OF SUCH EMPLOYEES SIGNIFICANTLY OVERESTIMATES THE ACTUAL TIME SPENT ON ANY OF THESE ACTIVITIES BUT ASSISTS US IN DETERMINING THAT THE AMOUNT RESPONSIVE TO PART II-B(1)(J) COULD NOT BE MORE THAN 3.17% OF ALL OF NYCEDC'S EXPENDITURES.Explanation

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmtsArtPublicExhibitionAmts
Held Works Of Art AmtsHeldWorksOfArtAmts
Agent Trustee EtcfalseAgentTrusteeEtc
Included On FStrueIncludedOnFS
LandLand
BuildingsBuildings

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis710620OtherCostOrOtherBasis
Depreciation310343Depreciation
Book Value400277BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis6528723OtherCostOrOtherBasis
Depreciation3054072Depreciation
Book Value3474651BookValue
FieldValueIRS element (for citing)
Other Land BuildingsOtherLandBuildings
Total Of Book Value Land Buildings3874928TotalOfBookValueLandBuildings

Other Assets OtherAssets (5 entries)

DescriptionDescriptionBook ValueBookValue
Accrued Interest Receivable3004718
Due from Apple Industrial Deve8379096
Other assets87000
other receivables16792963
land deposits in escrow7910000
FieldValueIRS element (for citing)
Total Book Value Other Assets36173777TotalBookValueOtherAssets
Federal Income Tax Liability0FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (7 entries)

DescriptionDescriptionAmountAmount
DEPOSITS ON PENDING SALES OF RL EST$6,689,100
DUE T0 CITY OF NEW YORK-PROJECTS$113,799,363
Retainage Payable$18,581,013
Deferred interest income$240,000
OBLIGATION FOR OTHER POST-EMP BENEF$17,989,744
other liabilities - non-current$88,356
other liabilities - current$27,484
FieldValueIRS element (for citing)
Total Of Amounts157415060TotalOfAmounts

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
IdentifierTenant Escrow AccountsIdentifier
Return ReferenceSchedule D Part IVReturnReference
ExplanationWe required all tenants to pay two months rents as security deposit at DEPOSIT AT THE TIME THE LEASE IS EXECUTED. THE ORGANIZATION WILL REFUND SECURITY DEPOSIT ONCE TENANT VACATES PREMISES PROVIDED THERE ARE NO OUTSTANDING AMOUNTS OWED OR DAMAGES TO PREMISES.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Personal ServicesXPersonalServices
Written Policy Re T And E ExpensestrueWrittenPolicyReTAndEExpenses
Substantiation RequiredtrueSubstantiationRequired
Severance PaymentfalseSeverancePayment
Supplemental Nonqual Retire PlanfalseSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement
Comp Based On Revenue Of Filing OrgfalseCompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related OrgsfalseCompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing OrgfalseCompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate OrgsfalseCompBasedNetEarningsRelateOrgs
Any Non Fixed PaymentsfalseAnyNonFixedPayments
Initial Contract ExceptionfalseInitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (43 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Nicholas Dmytryszyn
0118552000000051357016990900
Alaina Gilligo
0129940000000056290018623000
Robert Lieber
0212575000000092087030466200
Rosa Alexandria until 1009
0156140000000067640022378000
Carlo A Scissura
0146694000000063548021024200
Leonard Wasserman
0163025000000070622023364700
Seth Pinsky
1970190000027583073210231923000
Melvin Glickman
1544080000021617073210183346000
Meredith J Jones
1728120000024194073210204327000
Kyle Kimball
144567000008345067240159636000
Tokumbo Shobowale
16641100000232980179760207685000
Steve Strauss
1450000000046850179760167661000
Maria Torres
1497700000066820179760174428000
Joshua Wallack
1391370000018283000157420000
Madelyn Wils
17014500000149770195840204706000
Jason Wright
17281200000241940179760214982000
Hardy Adasko
14175800000198460179760179580000
Lee Benedict
14742000000206390195840187643000
James Gallagher
152795000009167067240168686000
Susan Goldfinger
14580000000204120195840185796000
J Thomas Jones
13728500000192200179760174481000
David Kane
15454800000216370195840195769000
Liza Kent
14289200000200050188540181751000
Dmitri Konon
12230700000171230195840159014000
Venetia Lannon
12636000000176900179760162026000
Steve Lazarus
12921000000180890179760165275000
Christopher Malin
14226900000199180179760180163000
Thomas McKnight
11660000000163240195840152508000
Ricardo Niles
1417500000019845067240168319000
Luigi Pedalino
12172200000146070195840155913000
Kristine Pizzo
1342790000080570179760160312000
Euan Robertson
1378100000000195840157394000
Peyton Sise
15272000000213810195840193685000
Ian Smith
16034700000224490179760200772000
Howard Spieler
12906800000180690179760165113000
Daniel Zarrilli
13063800000182890179760166903000
Richard Marshall
15044800000210630195840191095000
Mark Silversmith
15561700000217860179760195379000
Ann Weisbrod-HUD YD DEV CORP
1898810000022000000211881000
Andrew Winters-CITY HALL
18403400000257650179760227775000
David Farber-HUD YD DEV CORP
18362100000165000195840219705000
Michael Meola
1778180000019536000197354000
Louis D'Amico-HUD YD DEV CORP
17172000000165000195840207804000

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
IdentifierSupplemental Compensation InformationIdentifier
Return ReferencePART IIIReturnReference
ExplanationAS PRESIDENT OF NEW YORK ECONOMIC DEVELOPMENT CORP., SETH PINSKY RECEIVES A CAR ALLOWANCE BASED ON RETURN TRIP MILES BETWEEN WORK MEETINGS AND HOME, THE VALUE OF WHICH IS INCLUDED IN HIS TAXABLE INCOME.Explanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)

RelationshipRelationshipAmount Of TransactionAmountOfTransactionDescription Of TransactionDescriptionOfTransactionSharing Of RevenuesSharingOfRevenues
LEE BENEDICT
SEE SCHEDULE O400000SEE SCHEDULE Ofalse
LEE BENEDICT
SEE SCHEDULE O600000SEE SCHEDULE Ofalse
GEORGE TWILL
SEE SCHEDULE O63821SEE SCHEDULE Ofalse

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation

FieldValueIRS element (for citing)
IdentifierSCHEDULE O SUPPLEMENTAL INFORMATIONIdentifier
ExplanationFORM 990, PART VI, QUESTION 2 DMITRI KONON AND ALYSSA COBB KONON HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, QUESTION 6 THE MEMBERS OF THE CORPORATION SHALL BE TWENTY-SEVEN IN NUMBER, CONSISTING OF SIXTEEN PERSONS APPOINTED BY THE MAYOR OF THE CITY OF NEW YORK, SIX OF WHOM SHALL BE APPOINTED BY THE MAYOR DIRECTLY, FIVE OF WHOM SHALL BE APPOINTED BY THE MAYOR UPON NOMINATION BY THE BOROUGH PRESIDENTS OF THE CITY OF NEW YORK (EACH BOROUGH PRESIDENT NOMINATING ONE MEMBER) AND FIVE OF WHOM SHALL BE APPOINTED BY THE MAYOR UPON NOMINATION OF THE SPEAKER OF THE COUNCIL OF THE CITY OF NEW YORK, ONE PERSON APPOINTED DIRECTLY BY THE MAYOR OF THE CITY OF NEW YORK AFTER CONSULTATION WITH NEW YORK CITY PARTNERSHIP, INC., WHO SHALL BE THE CHAIRPERSON OF THE BOARD OF DIRECTORS OF THE CORPORATION AND TEN PERSONS APPOINTED BY THE CHAIRPERSON FROM A LIST OF PERSONS APPROVED BY THE MAYOR OF THE CITY OF NEW YORK. THE SIXTEEN PERSONS APPOINTED PURSUANT TO ABOVE DIRECTLY BY THE MAYOR OF THE CITY OF NEW YORK OR UPON NOMINATION OF THE BOROUGH PRESIDENTS OF THE CITY OF NEW YORK OR THE SPEAKER OF THE COUNCIL OF THE CITY OF NEW YORK SHALL IN EACH CASE BE A PUBLIC OFFICIAL OR A PERSON PROMINENT IN THE FINANCIAL, COMMERCIAL, INDUSTRIAL, PROFESSIONAL OR LABOR COMMUNITY OF THE CITY OF NEW YORK. THE CHAIRPERSON AND TEN PERSONS APPOINTED BY HIM/HER SHALL IN EACH CASE BE A PERSON IN THE FINANCIAL, COMMERCIAL, INDUSTRIAL OR PROFESSIONAL COMMUNITY OF THE CITY OF NEW YORK AND SHALL NOT BE A PUBLIC OFFICIAL. A MEMBER MAY BE AN OFFICIAL OR EMPLOYEE OF THE CITY OF NEW YORK OR ANY AGENCY OF THE CITY OF NEW YORK. A MEMBER WHO IS AN OFFICIAL OR EMPLOYEE OF THE CITY OF NEW YORK OR AGENCY OF THE CITY OF NEW YORK SHALL SERVE AS SUCH IN THE FURTHERANCE OF THE CITY OF NEW YORK. IF NEW YORK CITY PARTNERSHIP, INC. SHALL BE RENAMED OR SHALL CONSOLIDATE OR MERGE WITH ANY ORGANIZATION, THE ORGANIZATION AS RENAMED OR SUCH CONSOLIDATED OR MERGED ORGANIZATION SHALL BE THE ENTITY WITH WHICH THE MAYOR OF THE CITY OF NEW YORK CONSULTS IN SELECTING THE CHAIRPERSON. ANY QUESTIONS AS TO SUCCESSION SHALL BE CONCLUSIVELY RESOLVED FOR ALL PURPOSES BY COUNSEL FOR THE CORPORATION. MEMBERS SHALL BE APPOINTED ANNUALLY PRIOR TO OR ON THE DATE OF THE ANNUAL MEETING OF MEMBERS. EACH MEMBER, INCLUDING MEMBERS APPOINTED TO FILL VACANCIES AS PROVIDED BELOW, SHALL SERVE AS UNTIL THE APPOINTMENT OF HIS/HER SUCCESSOR OR HIS/HER EARLIER DEATH OR RESIGNATION. IF AT ANY TIME THERE IS LESS THAN THE PRESCRIBED NUMBER OF APPOINTED MEMBERS, THE MAYOR OF THE CITY OF NEW YORK, IN THE CASE OF A MEMBER APPOINTED BY HIM/HER, OR THE CHAIRPERSON, IN THE CASE OF A MEMBER APPOINTED BY HIM/HER, MAY APPOINT A PERSON HAVING THE QUALIFICATIONS TO BE SUCH A MEMBER TO FILL SUCH VACANCY, PROVIDED THAT APPOINTMENT OF A MEMBER TO FILL A VACANCY SHALL BE MADE IN THE MANNER PRESCRIBED ABOVE FOR THE APPOINTMENT OF MEMBERS. THERE SHALL BE A MEMBERSHIP SELECTION FOR THE ELECTION OF DIRECTORS AND OF ALTERNATIVES FOR SUCH DIRECTORS WHICH SHALL BE COMPRISED OF ALL THE MEMBERS. ONLY SUCH MEMBERSHIP SHALL BE ENTITLED TO ELECT DIRECTORS AND THEIR ALTERNATIVES. FORM 990, PART VI, QUESTION 7A PURSUANT TO NYCEDC BY-LAWS, THE MEMBERS ELECT DIRECTORS WHO SERVE ON NYCEDC'S BOARD OF DIRECTORS. THE BOARD OF DIRECTORS IS NYCEDC'S GOVERNING BODY. FORM 990, PART VI, QUESTION 10B THE SOLE MEMBER OF NYC ENTREPRENEURIAL FUND LLC IS NYCEDC. NYC ENTREPRENEURIAL FUND LLC IS A DISREGARDED ENTITY OF NYCEDC. ALL ACTIONS BY NYC ENTREPRENEURIAL FUND LLC ARE TAKEN BY NYCEDC PERSONNEL AUTHORIZED BY NYCEDC'S BOARD TO ACT ON BEHALF OF NYC ENTREPRENEURIAL FUND LLC. AS NYCEDC CONTROLS ALL ACTIONS TAKEN BY NYC ENTREPRENEURIAL FUND LLC, IT ENSURES THAT THE OPERATIONS OF NYC ENTREPRENEURIAL FUND LLC ARE AT ALL TIMES CONSISTENT WITH ITS OWN OPERATIONS. FORM 990, PART VI, QUESTION 12C NYCEDC REQUIRES ITS SALARIED OFFICERS AND EMPLOYEES TO AGREE IN WRITING TO BE BOUND BY THE RESTRICTIONS RELATING TO CONFLICTS OF INTEREST AS SET FORTH IN CHAPTER 68 OF THE CITY CHARTER. CHAPTER 68 RESTRICTS OUTSIDE POSITIONS AND INTEREST, ACCEPTANCE OF VALUABLE GIFTS, DISCLOSURE OF CONFIDENTIAL INFORMATION, POST EMPLOYMENT ACTIVITIES, AND OTHER ACTUAL OR PERCEIVED CONFLICTS OF INTEREST. EMPLOYEES ARE RESPONSIBLE FOR READING AND COMPLYING WITH THESE POLICIES. SPECIFIED EXEMPT EMPLOYEES ARE REQUIRED TO FILE FINANCIAL DISCLOSURE FORMS AND MUST UNDERGO A BACKGROUND INVESTIGATION WITH THE DEPARTMENT OF INVESTIGATION (DOI). BOTH DOI AND THE NEW YORK CITY CONFLICTS OF INTEREST BOARD REQUIRE CERTAIN CITY EMPLOYEES TO FILE ANNUAL FINANCIAL DISCLOSURE FORMS. PURSUANT TO A REQUEST BY THE MAYOR AND A RESOLUTION BY NYCEDC'S BOARD OF DIRECTORS: NYCEDC HAS AGREED TO FOLLOW THE CITY'S FINANCIAL DISCLOSURE PROCEDURES. FORM 990, PART VI, QUESTION 19 NYCEDC'S CERTIFICATE OF INCORPORATION, BY-LAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE GENERALLY AVAILABLE TO THE PUBLIC THROUGH THE WEBSITE OF NYCEDC, AT HTTP://WWW.NYCEDC.COM. CONFLICTS OF INTEREST CHAPTER 68 OF THE NEW YORK CITY CHAPTER IS AVAILABLE TO THE PUBLIC ON THE CONFLICTS OF INTEREST BOARD WEB SITE AT HTTP://WWW.NYC.GOV/HTML/CONFLICTS. NYCEDC IS SUBJECT TO THE NEW YORK STATE FREEDOM OF INFORMATION LAW AND EACH OF THESE DOCUMENTS IS ALSO AVAILABLE ON REQUEST MADE PURSUANT TO SUCH LAW. FORM 990, SCHEDULE L, PART IV IN CONNECTION WITH LINE 28B, NYCEDC HAD TWO CONTRACTS WITH PB AMERICAS, INC. THAT WERE ACTIVE DURING 2010. LEE BENEDICT'S WIFE IS AN OFFICER OF PB AMERICAS, INC. THE FIRST CONTRACT (CONTRACT NO. 25280001) WAS WORTH $400,000 FOR THE PERIOD OF AUGUST 17, 2006 TO APRIL 30, 2010. THE SECOND CONTRACT (CONTRACT NO. 37270001) WAS WORTH $600,000 FOR THE PERIOD OF AUGUST 11, 2008 TO FEBRUARY 15, 2011. IN CONNECTION WITH LINE 28C, NYCEDC ENTERED INTO A LEASE AT BROOKLYN ARMY TERMINAL WITH CRYSTAL LAKE TRADING INC., AND TWILL REALTY LLC BROKERED THE DEAL. GEORGE TWILL IS PRESIDENT OF TWILL REALTY LLC, AND UNDER THE BROKER'S AGREEMENT, NYCEDC AGREED TO PAY TWILL REALTY $63,281 IN BROKER'S FEES.Explanation

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1NYC ENTREPRENEURIAL FUND LLC CO NYCEDCBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1110 WILLIAM STREETAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10038ZIPCode
FieldValueIRS element (for citing)
EIN272123982EIN
Primary ActivitiesECO DEVELOPPrimaryActivities
Legal Domicile StateNYLegalDomicileState
Total Income0TotalIncome
EOY Assets100000EOYAssets

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1

Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
APPLE INDUSTRIAL DEVELOPMENT CORP
110 WILLIAM STREETNEW YORKNY10038133010779ECO DEVELOPNY501(C)(3)9na
THE CITY OF NEW YORK
110 WILLIAMS STREETNEW YORKNY10038136400434GOVERNMENTNY115NA
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiesfalseReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgfalseGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgtrueGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgsfalsePerformOfServicesByOtherOrgs
Sharing Of FacilitiestrueSharingOfFacilities
Sharing Of Paid EmployeestrueSharingOfPaidEmployees
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgtrueReimbursementPaidByOtherOrg
Other Transfer To Other OrgfalseOtherTransferToOtherOrg
Other Transfer From Other OrgtrueOtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
Apple Industrial Development Corp
r51729988
Apple Industrial Development Corp
p21190461