FIRST CITY FUND CORPORATION: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- FIRST CITY FUND CORPORATION (EIN 20-1198307)
- Tax period
- 2009-10-01 to 2010-09-30
- Filed
- 2011-07-14
- IRS object ID
- 201141959349300204
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-07-14T09:07:40-05:00 | Timestamp |
| Tax Period End Date | 2010-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM MCGLADREY INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE CHURCH STREET | AddressLine1 |
| City | NEW HAVEN | City |
| State | CT | State |
| ZIP Code | 06510 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201198307 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | First City Fund Corporation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FIRS | NameControl |
| Phone | 2039468200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 WHALLEY AVENUE | AddressLine1 |
| City | New Haven | City |
| State | CT | State |
| ZIP Code | 06510 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM PLACKE | Name |
| Title | ceo | Title |
| Phone | 2039468200 | Phone |
| Date Signed | 2011-07-05 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Eric Perez | Name |
| Phone | 2037731909 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | William Placke | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 WHALLEY AVENUE | AddressLine1 |
| City | NEW HAVEN | City |
| State | CT | State |
| ZIP Code | 06510 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 512692 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2004 | YearFormation |
| State Legal Domicile | CT | StateLegalDomicile |
| Activity Or Mission Description | ENGAGE IN ACTIVITIES THAT PROMOTE COMMUNITY DEVELOPMENT WITHIN THE GREATER NEW HAVEN AREA, INCLUDING, BUT NOT LIMITED TO, AFFORDABLE HOUSING, EDUCATION, COMMUNITY SERVICES, SMALL BUSINESS DEVELOPMENT, ECONOMIC DEVELOPMENT, ACTIVITIES THAT REVITALIZE OR STABILIZE LOW AND MODERATE INCOME GEOGRAPHIES AND OTHER FORMS OR CHARITABLE ASSISTANCE TO THOSE IN NEED THEREOF; AND ENGAGE IN ACTIVITIES THAT PROMOTE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS WITHIN THE GREATER NEW HAVEN AREA THAT SERVE LOW AND MODERATE INCOME GEOGRAPHIES, INCLUDING BUT NOT LIMITED TO PLANNING, MARKETING, STUDYING, RESEARCHING OR INVESTING THEREIN. PURCHASE, ACCEPT, EXCHANGE, INHERIT, LEASE OR OTHERWISE ACQUIRE REAL AND PERSONAL PROPERTY, OR ANY INTEREST THEREIN, OR WHATEVER KIND, AND TO OWN, HOLD, CONTROL, MAINTAIN, MANAGE, CONVEY, DISPOSE OF, OR CHANGE THE CHARACTER OF SUCH PROPERTY; AND ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH A CORPORATION MAY BE ORGANIZED UNDER THE REVISED NON-STOCK CORPORATION ACT OF THE | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 12 | NbrIndependentVotingMembers |
| Total Nbr Employees | 13 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 525741 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 457181 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 171468 | InvestmentIncomePriorYear |
| Investment Income Current Year | 55511 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 697209 | TotalRevenuePriorYear |
| Total Revenue Current Year | 512692 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 120000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2835 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2172 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 44436 | OtherExpensePriorYear |
| Other Expenses Current Year | 54562 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 167271 | TotalExpensesPriorYear |
| Total Expenses Current Year | 56734 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 529938 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 455958 | RevenuesLessExpensesCY |
| Total Assets BOY | 17707252 | TotalAssetsBOY |
| Total Assets EOY | 16945201 | TotalAssetsEOY |
| Total Liabilities BOY | 52966 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 369817 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 17654286 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 16575384 | NetAssetsOrFundBalancesEOY |
| Mission Description | ENGAGE IN ACTIVITIES THAT PROMOTE COMMUNITY DEVELOPMENT WITHIN THE GREATER NEW HAVEN AREA, INCLUDING, BUT NOT LIMITED TO, AFFORDABLE HOUSING, EDUCATION, COMMUNITY SERVICES, SMALL BUSINESS DEVELOPMENT, ECONOMIC DEVELOPMENT, ACTIVITIES THAT REVITALIZE OR STABILIZE LOW AND MODERATE INCOME GEOGRAPHIES AND OTHER FORMS OR CHARITABLE ASSISTANCE TO THOSE IN NEED THEREOF; AND ENGAGE IN ACTIVITIES THAT PROMOTE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS WITHIN THE GREATER NEW HAVEN AREA THAT SERVE LOW AND MODERATE INCOME GEOGRAPHIES, INCLUDING BUT NOT LIMITED TO PLANNING, MARKETING, STUDYING, RESEARCHING OR INVESTING THEREIN. PURCHASE, ACCEPT, EXCHANGE, INHERIT, LEASE OR OTHERWISE ACQUIRE REAL AND PERSONAL PROPERTY, OR ANY INTEREST THEREIN, OR WHATEVER KIND, AND TO OWN, HOLD, CONTROL, MAINTAIN, MANAGE, CONVEY, DISPOSE OF, OR CHANGE THE CHARACTER OF SUCH PROPERTY; AND ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH A CORPORATION MAY BE ORGANIZED UNDER THE REVISED NON-STOCK CORPORATION ACT. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 0 | Expense |
| Grants | 0 | Grants |
| Description | THE ORGANIZATION'S APPLICATION TO BE TREATED AS A 501(C) (3) WAS APPROVED IN NOVEMBER 2005. THE ORGANIZATION IS IN THE PROCESS OF FUNDING THE ORGANIZATION OF A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; IT HAS HIRED THE FUTURE PRESIDENT, CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER OF THIS PROPOSED INSTITUTION, HAS BEEN APPROVED FOR A BANK CHARTER BY THE CONNECTICUT DEPARTMENT OF BANKING FURTHER, IT HAS FILED AN APPLICATION FOR A BANK HOLDING COMPANY WITH THE FEDERAL RESERVE BOARD. ALL THE COSTS EXPENDED FOR THE CREATION OF THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION HAVE BEEN REPORTED FOR TAX PURPOSES AS AN ADVANCE FROM THE FUTURE BANK. THESE COSTS WILL BE USED AS A PORTION OF THE ORGANIZATION'S INVESTMENT IN THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION. AS OF SEPTEMBER 30, 2007, THESE COSTS TOTALED $3,352,743. AFTER THE END OF THE FISCAL YEAR BUT BEFORE THE FILING OF THIS RETURN, THE BANK OPENED FOR BUSINESS IN DECEMBER OF 2010. | Description |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | 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 | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 13 | NumberOfEmployees |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 12 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY & PULLEN LLP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2037731909 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE CHURCH STREET | AddressLine1 |
| City | NEW HAVEN | City |
| State | CT | State |
| ZIP Code | 06510 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (15 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| JOHN DESTEFANO JR | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ROLAN JONI YOUNG | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DIANIBEL AVILES | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JOHN DEVLIN CPA | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| WENDY CLARKE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CARL GOLDFIELD | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ANDREA VAN DEN HEEVER | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARTIN LOONEY | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARK G SKLARZ | |||||||
| PRESIDENT | 1.00 | 0 | 0 | 0 | X | ||
| COREY STONE | |||||||
| TREASURER | 1.00 | 0 | 0 | 0 | X | ||
| ROBERT A SOLOMON | |||||||
| VICE PRESIDENT | 1.00 | 0 | 0 | 0 | X | ||
| SUSAN WHETSTONE | |||||||
| SECRETARY | 1.00 | 0 | 0 | 0 | X | ||
| WILLIAM H PLACKE | |||||||
| CEO | 40.00 | 128615 | 0 | 0 | X | X | |
| WILLIAM WEAVER | |||||||
| CFO | 40.00 | 75577 | 0 | 0 | X | ||
| CAROLL PEREIRA | |||||||
| CFO | 40.00 | 8077 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 212269 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 457181 | AllOtherContributions |
| Total Contributions | 457181 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 55511 | TotalRevenueColumn |
| Exclusion | $55,511 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 512692 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $55,511 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2172 | Total |
| Management And General | 2172 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51597 | Total |
| Management And General | 51597 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 388 | Total |
| Management And General | 388 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2577 | Total |
| Management And General | 2577 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56734 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 56734 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34390 | BOY |
| EOY | -14148 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17072734 | BOY |
| EOY | 14996045 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 525682 | BOY |
| EOY | 457181 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11436 | BOY |
| EOY | 118237 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1387488 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 5598 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63010 | BOY |
| EOY | 1381890 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 5996 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17707252 | BOY |
| EOY | 16945201 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40013 | BOY |
| EOY | 271663 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12953 | BOY |
| EOY | 98154 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52966 | BOY |
| EOY | 369817 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17654286 | BOY |
| EOY | 16575384 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17654286 | BOY |
| EOY | 16575384 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17707252 | BOY |
| EOY | 16945201 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | X | MethodOfAccountingCash |
| Accountant Compile Or Review | 1 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type3 Func Int | X | SupportingOrg509a3Type3FuncInt |
| Written IRS Determination | X | WrittenIRSDetermination |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY OF NEW HAVEN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 066001876 | EIN |
| Type Of Organization | 8 | TypeOfOrganization |
| Listed In Governing Doc | 1 | ListedInGoverningDoc |
| Supported Organization Notified | 0 | SupportedOrganizationNotified |
| Organized In US | 1 | OrganizedInUS |
| Amount | $0 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 0 | SumOfAmounts |
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 D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1243282 | InvestmentCostOrOtherBasis |
| Book Value | 1243282 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 144206 | InvestmentCostOrOtherBasis |
| Depreciation | 5598 | Depreciation |
| Book Value | 138608 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1381890 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED PAYROLL | $37,008 |
| OTHER ACCRUED LIABILITIES | $60,840 |
| Payroll Liab | $306 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 98154 | TotalOfAmounts |
| Total Revenue | 512692 | TotalRevenue |
| Total Expenses | 56734 | TotalExpenses |
| Excess Or Deficit For Year | 455958 | ExcessOrDeficitForYear |
| Other | -$1,534,860 | OtherAmount |
| Total Adjustments | -1534860 | TotalAdjustments |
| Excess Or Deficit Per FS | -1078902 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 512692 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 512692 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 512692 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1591594 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1534860 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1534860 | ExpensesNotRptdF990 |
| Expenses Subtotal | 56734 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 56734 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | THE ORGANIZATION PRESENTLY RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS PROBABLE THAT A LIABILITY CAN BE REASONABLY ESTIMATED HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAX BENEFITS. THE FASB HAS DEFERRED THE EFFECTIVE DATE FOR THIS GUIDANCE FOR NONPUBLIC ENTERPRISES TO THE ANNUAL FINANCIAL STATEMENTS FOR FISCAL YEARS BEGINNING AFTER DECEMBER 15, 2008. AS ALLOWED BY THE FASB, THE ORGANIZATION ELECTED TO DEFER THE APPLICATION OF THE GUIDANCE AND ADOPTED THE GUIDANCE IN ITS FISCAL 2010 ANNUAL FINANCIAL STATEMENTS, APPLYING ITS PROVISIONS TO ALL TAX POSITIONS UPON INITIAL APPLICATION OF THE GUIDANCE. ONLY TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AT THE EFFECTIVE DATE ARE RECOGNIZED OR CONTINUE TO BE RECOGNIZED UPON ADOPTION. THE EFFECT OF APPLYING THE PROVISIONS HAD NO IMPACT ON THE OPENING BALANCE OF NET ASSETS FOR THE 2010 FISCAL YEAR OF ADOPTION. |
| Part XI, Line 8 - Other Adjustments: | COMMUNITY DEVELOPMENT BANK COSTS CAPITALIZED: -1534860. | |
| Part XIII, Line 2d - Other Adjustments: | COMMUNITY DEVELOPMENT BANK COSTS CAPITALIZED: 1534860. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARK G SKLARZ | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | PRESIDENT | Relationship |
| Description Of Transaction | SEE SCH.O THE ORGANIZATION INCURRED LEGAL SERVICE EXPENSES FROM A FIRM WHERE MR. SKLARZ IS A PRINCIPAL. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | presented BEFORE FILING and reviewed FOR CORRECTNESS. | |
| Form 990, Part VI, Section B, line 15 | COMPENSATION LEVELS WERE REVIEWED AND DETERMINED TO BE REASONABLE WITHIN THE INDUSTRY WHICH THE ORGANIZATION OPERATES. | |
| Form 990, Part VI, Section C, line 18 | DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST | |
| Form 990, Part VI, Section C, line 19 | DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST | |
| Form 990, Part VII | MARK G. SKLARZ - 70 STATE STREET, NEW HAVEN, CT 06511. COREY STONE - 1952 WHITNEY AVENUE, HAMDEN, CT 06517. ROBERT A. SOLOMON - YALE LAW SCHOOL, P.O. BOX 209091, NEW HAVEN, CT 06520. SUSAN WHETSTONE - 243 FRONT STREET, UNIT B, NEW HAVEN, CT 06513. JOHN DESTEFANO, JR. - 165 CHURCH ST. C/O MAYOR'S OFFICE, NEW HAVEN, CT 06510. ROLAN JONI YOUNG - BERCHEM, MOSES & DEVLIN P.C., 75 BROAD STREET, MILFORD, CT 06460. DIANIBEL AVILES - 165 CHURCH ST. C/O MAYOR'S OFFICE, NEW HAVEN, CT 06510. JOHN DEVLIN, CPA - 4 ABBIE ROAD, BRANFORD, CT 06405. WENDY CLARKE - 121 SHADOW LANE, WEST HARTFORD, CT 06110. CARL GOLDFIELD - 61 HUNTINGTON STREET, NEW HAVEN, CT 06515. ANDREA VAN DEN HEEVER - 435 COLLEGE STREET C/O NEW HAVEN LABOR COUNCIL, NEW HAVEN, CT 06511. MARTIN LOONEY - 165 CHURCH ST. C/O MAYOR'S OFFICE, NEW HAVEN, CT 06110. | Contact Addresses for Officers, Directors, Etc |