2011-11-15T13:21:27-06:00 2010-12-31 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2010-01-01 133202014 HOUSING PARTNERSHIP DEVELOPMENT CORPORATION HOUS 6462173370 450 7TH AVENUE NO 2401 NEW YORK NY 10123 DANIEL MARTIN 6462173370 2011-11-15 1 FREDERICK H ROTHMAN 2128674000 2010 2016-03-07 17:11:31Z DANIEL MARTIN 450 7TH AVENUE NO 2401 NEW YORK NY 10123 3456747 0 X WWW.HOUSINGPARTNERSHIP.COM X 1983 NY TO INCREASE SUPPLY OF LOW/MODERATE HOUSING IN NEW YORK CITY THROUGH NEW HOUSING PRODUCTION AND PRESERVATION, AND REVITALIZE NEIGHBORHOODS. 10 10 24 0 0 0 460680 581625 1872797 2088284 16972 37693 261251 124671 2611700 2832273 0 0 0 0 1470701 1507929 0 0 303153 1062105 1045016 2532806 2552945 78894 279328 5538822 4909202 1122339 313391 4416483 4595811 X HPDC FUNCTIONS TO PROVIDE AVAILABLE LOW AND MODERATE COST HOUSING IN THE NEW YORK METRO AREA THROUGH NEW HOUSING PRODUCTION, PRESERVATION, REHABILITATION, AS WELL AS THE REVITALIZATION AND GENTRIFICATION OF NEIGHBORHOODS. 0 0 1890402 2088084 DURING THE YEAR 2010, HPDC HAS SUCCESSFULLY CONTINUED ITS WORK TO INCREASE THE SUPPLY OF LOW AND MODERATE PRICED HOUSING IN THE NYC METRO AREA THROUGH NEW HOUSING PRODUCTION, PRESERVATION AND REHABILITATION OF DISTRESSED PROPERTIES AS WELL AS RENTAL HOUSING. HPDC HAS ADVISED AND CONSULTED OTHER NON-PROFITS AS WELL AS MUNICIPALITIES AND DEVELOPERS IN CONSTRUCTING HOUSING AND REVITALIZING NEIGHBORHOODS. 773 HOUSING UNITS WERE CLOSED IN 2010. 87 PROSPECTIVE HOME BUYERS WERE PROVIDED WITH COUNSELING COURSES TO EDUCATE THEM IN THE ADVANTAGES OF HOME OWNERSHIP, FINANCIAL PLANNING AND UNDERSTANDING DEBT. 1) CONTINUED ON MISSION DRIVEN DEVELOPMENT WORK FOR THE REHABILITATION AND COOPERATIVE CONVERSION OF 320 STERLING STREET, BROOKLYN-106 UNITS.2) DESIGNATED AS A SUB RECIPIENT FOR $3.8M IN SUBSIDIES FOR ORANGE COUNTY, (NY) IN NEIGHBORHOOD STABILIZATION PROGRAM. 3) LENDING AFFILIATE CPDC WAS AWARDED $1MILLION GRANT FROM CDFI FUND TO LEND OUT, ON OUR EXISTING PROGRAMS. 1890402 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 8 0 1 24 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X DANIEL MARTIN 6462173373 450 7TH AVENUE NEW YORK NY 10123 X DANIEL MARTIN 37.00 X X 205266 0 27981 BETH BERNS 28.00 X X 114608 0 17567 SHELIA MARTIN 37.00 X X 103740 0 28460 CHARLES GATEWOOD 1.00 X 0 0 0 LEWIS JONES 1.00 X 0 0 0 JAMES HEDDEN 1.00 X 0 0 0 JOHN MCCARTHY 1.00 X 0 0 0 JOHN KELLY 1.00 X 0 0 0 JAMES BASON 1.00 X 0 0 0 WILLIAM MCCAHILL 1.00 X 0 0 0 THOMAS OSTERMAN 1.00 X 0 0 0 JOHN ABRAMO 4.00 X 0 0 0 SHEILA LATIMER 1.00 X 0 0 0 423614 0 74008 3 0 1 0 D & F DEVELOPMENT GROUP 2001 MARCUS AVE SUITE 245E LAKE SUCCESS NY 11042 PROJECT DEVELOPMENT, CONSTRUCTION MANAGE 547500 BLUE SEA 164 MAIN STREET HUNTINGTON NY 11743 PROJECT DEVELOPMENT, CONSTRUCTION MANAGE 541257 BEECHWOOD RB SHOREHAVEN LLC 500 NORTH BROADWAY SUITE 240 JERICHO NY 11753 PROPERTY (CONDO DEVELOPMENT IN BRONX, NY 428500 VILLAGE LOFTS LLC NASSAU COUNTY LA C 189 TERRACE LANE OYSTER BAY NY 11771 REVITALIZATION OF PUBLIC HOUSING IN NASS 385040 4 227350 354275 581625 PROJECT FEES 531310 2088284 2088284 2088284 8448 8448 583542 554297 29245 29245 29245 59550 227350 70177 -10627 -10627 INSURANCE REIMBURSEMEN 900099 134610 134610 OTHER INCOME 900099 688 688 135298 2832273 2088284 0 162364 497622 406266 91356 715615 556896 158719 74743 54704 12401 7638 113146 82811 11562 18773 106803 78169 17720 10914 126882 84201 34301 8380 101040 62934 16642 21464 14737 10912 2367 1458 99362 44662 12222 42478 270612 205536 40196 24880 13311 9541 2918 852 2120 1672 277 171 25714 18820 4266 2628 176263 172823 2129 1311 BAD DEBT 175000 75000 100000 MISCELLANEOUS 19170 11435 5805 1930 FOOD 10208 7920 1448 840 DUES AND SUBSCRIPTIONS 6116 4476 1015 625 BANK CHARGES 2616 2616 1865 1624 149 92 2552945 1890402 359390 303153 3666722 3648189 349922 346699 198077 392097 243145 210929 162790 48896 48139 1081185 424953 5538822 4909202 989392 206282 29700 3850 103247 103259 1122339 313391 X 3973802 4089152 442681 506659 4416483 4595811 5538822 4909202 X 279328 -100000 X X 0 1 1 X 0 X 342779 398974 370320 460680 581625 2154378 2161626 1976730 2154280 1872797 2088284 10253717 2504405 2375704 2524600 2333477 2669909 12408095 0 0 0 12408095 149584 127898 62537 16972 8448 365439 149584 127898 62537 16972 8448 365439 447165 54744 283917 194848 980674 2653989 2950767 2641881 2634366 2873205 13754208 0.90210 0.90490 0.02660 0.03310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24600 24600 2528345 2552945 277647 69412 0 0 298428 282214 276640 277647 1134929 1702394 22000 26598 24183 24600 97381 74607 26598 69160 69412 239777 359666 33722 27773 5949 124560 94097 30463 52647 40920 11727 48139 DUE FROM HDFC 380771 DUE FROM ORANGE COUNTY 44182 424953 CASH HELD IN ESCROW 103259 103259 2832273 2552945 279328 -100000 -100000 179328 3879016 1046743 1046743 2832273 0 2832273 2757848 204903 204903 2552945 0 2552945 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE GROUP HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOUSRE IN THE FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2008 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS ON DEVALUATION OF LAND AND PROPERTY PART XII, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF RELATED ORGANIZATIONS 1,146,743. LOSS ON DEVALUATION OF LAND AND PROPERTY -100,000. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORGANIZATIONS 204,903. 28TH ANNIVERSARY LUNCHEON 286900 227350 59550 62177 8000 286900 227350 59550 62177 8000 70177 -10627 X X X 0 0 0 0 0 0 0 1 0 DANIEL MARTIN 175741 0 29525 0 0 0 21017 0 6964 0 233247 0 0 0 PART I, LINE 7 THE HOUSING PARTNERSHIP DOES NOT HAVE A FORMAL EXECUTIVE BONUS PROGRAM IN PLACE. EXECUTIVE BONUSES ARE DISCRETIONARY AND PROVIDED AT THE APPROVAL OF THE BOARD OF DIRECTORS. BONUSES ARE BASED ON WORK PERFORMANCE DURING THE YEAR. THE BOARD OF DIRECTORS RETAINS THE RIGHT TO APPROVE OR DISAPPROVE OF ALL BONUSES. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE 990 WILL BE PROVIDED TO THE AUDIT COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL BOARD MEMBERS, DIRECTORS, AND OFFICERS, AND SENIOR STAFF, ANNUALLY. IT IS REVIEWED AND DISCUSSED. IT MUST BE SIGNED, LISTING ANY ITEMS THAT COULD BE A CONFLICT AND RETURNED TO THE GENERAL COUNSEL. THOSE WITH CONFLICTS ARE ASKED TO RECUSE THEMSELVES FROM ANY DECISIONS RELATED TO CONFLICTING INTERESTS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE MEET EVERY DEC/JAN. THE COMPENSATION COMMITTEE IS MADE UP OF MEMBERS OF THE BOARD OF DIRECTORS AND THEY DETERMINE AND APPROVE THE OFFICERS SALARIES. FORM 990, PART VI, SECTION C, LINE 19 ALL OF HPDC'S GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. HOURS PROVIDED TO RELATED ENTITIES FORM 990, PART VII, SECTION A, COLUMN E DANIEL MARTIN 3 HOURS BETH BERNS 2 HOURS SHEILA MARTIN 3 HOURS JOHN FIELDS 2 HOURS CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: LOSS ON DEVALUATION OF LAND AND PROPERTY FORM 990, PART XI, LINE 2C IN PRIOR YEARS, THE ORGANIZATION HAS HAD A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT PUBLIC ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. COMMUNITY PARTNERSHIP DEV CORP 450 SEVENTH AVENUE NEW YORK NY 10123 133202014 ADMINISTERS LOANS TO HELP SMALL MINORITY BUILDERS COVER DEVELOPMENT COSTS NY 501(C)(3) LINE 9 N/A 0 NYC PARTNERSHIP HDFC INC 450 SEVENTH AVENUE NEW YORK NY 10123 133202018 EXECUTES CONTRACTS WITH GOV'T ENTITIES FOR APPLICATION OF PUBLIC FUNDS NY 501(C)(3) PF N/A 0 ORANGE COUNTY HDFC 450 SEVENTH AVENUE NEW YORK NY 10123 900518507 HOUSING NY 501(C)(3) LINE 9 N/A 0 RESIDENTIAL INTEGRATED SOLUTIONS CORPORATION 450 SEVENTH AVENUE NEW YORK NY 10123 133851936 HOUSING NY 501(C)(3) LINE 9 N/A 0 UHAB-STERLING STREET HOUSING DEVELOPMENT FUND CORPORATION 450 SEVENTH AVENUE NEW YORK NY 10123 262885058 HOUSING NY 501(C)(3) LINE 9 N/A 0 GREATER NEWARK HOUSING PARTNERSHIP INC 275 CHESTNUT STREET NEWARK NJ 07105 261968933 HOUSING NJ 501(C)(3) LINE 9 N/A 0 FAIRMOUNT HEIGHTS DEVELOPMENT COMPANY LLC 275 CHESTNUT STREET NEWARK NJ 07105 263868671 HOUSING NJ N/A COOK STREET HDFC INC 450 7TH AVENUE NEW YORK NY 10123 450575743 HOUSING NY N/A C PARTNERSHIP BX 2 HOUSING DEVELOPMENT FUND COMPANY INC 450 7TH AVENUE NEW YORK NY 10123 261597952 HOUSING NY N/A C SUBURBAN GREEN HOUSING DEVELOPMENT FUND CORP 450 7TH AVENUE NEW YORK NY 10123 261286143 HOUSING NY N/A C BROOKLYN PROSPECT PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY INC 450 7TH AVENUE NEW YORK NY 10123 450575746 HOUSING NY N/A C ST ANN'S CDE LLC 450 7TH AVENUE NEW YORK NY 10123 263424762 HOUSING NY N/A C PARTNERSHIP ST ANN'S AFFORDABLE HOUSING DEVELOPMENT FUND COMPANY INC 450 7TH AVENUE NEW YORK NY 10123 263493050 HOUSING NY N/A C REO HOUSING DEVELOPMENT FUND CORP 450 7TH AVENUE NEW YORK NY 10123 263057283 HOUSING NY N/A C PARTNERSHIP COMMUNITY HOUSING DEVELOPMENT FUND COMPANY INC 450 7TH AVENUE NEW YORK NY 10123 010950484 HOUSING NY N/A C HP EAST 112 HOUSING DEVELOPMENT FUND COMPANY INC 450 7TH AVENUE NEW YORK NY 10123 272770447 HOUSING NY N/A C SEDGEWICK HOUSING DEVELOPMENT FUND COMPANY INC 450 7TH AVENUE NEW YORK NY 10123 272676056 HOUSING NY N/A C 11 BROADWAY HP LIB HOUSING DEVELOPMENT FUND COMPANY INC 450 7TH AVENUE NEW YORK NY 10123 272785939 HOUSING NY N/A C NAVY GREEN R3 PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY INC 450 7TH AVENUE NEW YORK NY 10123 272873078 HOUSING NY N/A C HP BRONX APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC 450 7TH AVENUE NEW YORK NY 10123 010970135 HOUSING NY N/A C HIGHBRIDGE TERRACE PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY INC 450 7TH AVENUE NEW YORK NY 10123 274235617 HOUSING NY N/A C NAVY GREEN R1 PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY INC 450 7TH AVENUE NEW YORK NY 10123 274152349 HOUSING NY N/A C HORIZON HEIGHTS HOUSING PARTNERSHIP INC (NJ) 275 CHESTNUT STREET NEWARK NJ 07105 271128071 HOUSING NJ N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0