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        <ProgramServices>206817</ProgramServices>
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        <EOY>12132001</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
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      <ReconcilationRevenueExpenses>729609</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>-215126</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
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          <BusinessNameLine2>ACTION COMMITTEE</BusinessNameLine2>
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        <AddressUS>
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          <City>NEW YORK</City>
          <State>NY</State>
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      <Form4720Filed>false</Form4720Filed>
      <Volunteers>false</Volunteers>
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      <MediaAdvertisements>false</MediaAdvertisements>
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      <PublicationsOrBroadcast>false</PublicationsOrBroadcast>
      <GrantsOtherOrganizations>false</GrantsOtherOrganizations>
      <DirectContactLegislators>false</DirectContactLegislators>
      <RalliesDemonstrations>false</RalliesDemonstrations>
      <OtherActivities>false</OtherActivities>
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      <DuesAssessments>6302687</DuesAssessments>
      <NonDedLobbyPoliticalCurrent>326978</NonDedLobbyPoliticalCurrent>
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      <SolicitedAssetsForSale>false</SolicitedAssetsForSale>
      <AgentTrusteeEtc>false</AgentTrusteeEtc>
      <IncludedOnFS>false</IncludedOnFS>
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        <BookValue>663509</BookValue>
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        <Depreciation>1312866</Depreciation>
        <BookValue>683972</BookValue>
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      <TotalOfBookValueLandBuildings>1347481</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>DUE FROM SUBSIDIARY</Description>
        <BookValue>1106941</BookValue>
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      <OtherAssets>
        <Description>CASH VALUE LIFE INSURANCE</Description>
        <BookValue>1080969</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DEFERRED COMPENSATION NETTED 1-1-10</Description>
        <BookValue>990579</BookValue>
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      <OtherLiabilities>
        <Description>DEFERRED COMPENSATION NETTED 1-1-10</Description>
        <Amount>990579</Amount>
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      <OtherLiabilities>
        <Description>DUE TO AFFILIATES</Description>
        <Amount>32792</Amount>
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      <TotalRevenue>9579541</TotalRevenue>
      <TotalExpenses>8849932</TotalExpenses>
      <ExcessOrDeficitForYear>729609</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>123404</NetUnrealizedGLOnInvestments>
      <OtherAmount>-338533</OtherAmount>
      <TotalAdjustments>-215129</TotalAdjustments>
      <ExcessOrDeficitPerFS>514480</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>8332955</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>123404</NetUnrealizedGainsInvestments>
      <OtherRevenues>-143458</OtherRevenues>
      <RevenueNotRptdF990>-20054</RevenueNotRptdF990>
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      <OtherRevenuesNotIncluded>1226532</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>1226532</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>9579541</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>7818475</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>195075</OtherExpensesIncluded>
      <ExpensesNotRptdF990>195075</ExpensesNotRptdF990>
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      <ExpensesNotRptdOnFinStmt>1226532</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>8849932</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>LIABILITY UNDER FIN 48 FOOTNOTE</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 3, PART X</ReturnReference>
        <Explanation>THE BOARD IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C) (6) OF THE INTERNAL REVENUE CODE. HOWEVER, IT IS SUBJECT TO TAX BY FEDERAL AND STATE GOVERNMENTS ON ITS UNRELATED BUSINESS TAXABLE INCOME. RESIDENTIALNYC CORP. IS A FOR PROFIT ENTITY SUBJECT TO FEDERAL, NEW YORK STATE AND NEW YORK CITY INCOME TAXES. ON JANUARY 1, 2009, THE BOARD ADOPTED THE NEW ACCOUNTING FOR UNCERTAINTY IN INCOME TAX GUIDANCE WHICH CLARIFIES THE ACCOUNTING AND RECOGNITION FOR TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS INCOME TAX RETURNS. THE BOARD'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE BOARD'S OPEN AUDIT PERIODS ARE 2007 TO 2010. IN EVALUATING THE BOARD'S TAX PROVISIONS AND ACCRUALS, FUTURE TAXABLE INCOME, THE REVERSAL OF TEMPORARY DIFFERENCES, INTERPRETATIONS AND TAX STRATEGIES ARE CONSIDERED. MANAGEMENT OF THE BOARD BELIEVES THAT THEIR ESTIMATES ARE APPROPRIATE BASED ON THE CURRENT FACTS AND CONDITIONS.</Explanation>
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      <Form990ScheduleDPartXIV>
        <Identifier>RECONCILIATION OF CHANGES - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XI, LINE 8</ReturnReference>
        <Explanation>EQUTIY IN SUBSIDIARY -143,458 EDUCATION COSTS -187,048 LEASE FORMS COSTS -7,490 BANQUET PRINTING -58,678 DIARY COSTS -262,103 ANNUAL BANQUET COSTS -410,016 GOLF &amp; TENNIS COSTS -87,762 MEMBERSHIP MEETINGS COSTS -206,817 ARBITRATION COSTS -2,100 MEMBERSHIP SERVICES COSTS -4,518 MINIMUM PENSION ADJUSTMENT -195,075 EDUCATION EXPENSES 187,048 DIARY COSTS 262,103 BANQUET PRINTING 58,678 LEASE FORM COSTS 7,490 ANNUAL BANQUET EXPENSE 410,016 GOLF &amp; TENNIS EXPENSE 87,762 MEMBERSHIP MEETING EXPENSE 206,817 ARBITRATION COSTS 2,100 MEMBERSHIP SERVICES COSTS 4,518</Explanation>
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      <Form990ScheduleDPartXIV>
        <Identifier>REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XII, LINE 2D</ReturnReference>
        <Explanation>EQUTIY IN SUBSIDIARY -143,458</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>REVENUE AMOUNTS INCLUDED ON RETURN - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XII, LINE 4B</ReturnReference>
        <Explanation>EDUCATION COSTS 187,048 LEASE FORMS COSTS 7,490 BANQUET PRINTING 58,678 DIARY COSTS 262,103 ANNUAL BANQUET COSTS 410,016 GOLF &amp; TENNIS COSTS 87,762 MEMBERSHIP MEETINGS COSTS 206,817 ARBITRATION COSTS 2,100 MEMBERSHIP SERVICES COSTS 4,518</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XIII, LINE 2D</ReturnReference>
        <Explanation>MINIMUM PENSION ADJUSTMENT 195,075</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XIII, LINE 4B</ReturnReference>
        <Explanation>EDUCATION EXPENSES 187,048 DIARY COSTS 262,103 BANQUET PRINTING 58,678 LEASE FORM COSTS 7,490 ANNUAL BANQUET EXPENSE 410,016 GOLF &amp; TENNIS EXPENSE 87,762 MEMBERSHIP MEETING EXPENSE 206,817 ARBITRATION COSTS 2,100 MEMBERSHIP SERVICES COSTS 4,518</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
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      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>true</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <Form990ScheduleJPartII>
        <NamePerson>STEVEN SPINOLA</NamePerson>
        <BaseCompensationFilingOrg>596972</BaseCompensationFilingOrg>
        <BonusFilingOrg>21845</BonusFilingOrg>
        <OtherCompensationFilingOrg>6054</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>10000</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>41018</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>675889</TotalCompensationFilingOrg>
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      <Form990ScheduleJPartII>
        <NamePerson>WILLIAM AUERBACH</NamePerson>
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        <NontaxableBenefitsFilingOrg>17853</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>308454</TotalCompensationFilingOrg>
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        <NamePerson>JOHN DOYLE</NamePerson>
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        <OtherCompensationFilingOrg>1571</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>5000</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>19463</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>200396</TotalCompensationFilingOrg>
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        <NamePerson>MICHAEL SLATTERY</NamePerson>
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        <OtherCompensationFilingOrg>1597</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>5000</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>11518</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>214770</TotalCompensationFilingOrg>
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      <Form990ScheduleJPartII>
        <NamePerson>JAMES WHELAN</NamePerson>
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        <NontaxableBenefitsFilingOrg>9332</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>227422</TotalCompensationFilingOrg>
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        <Identifier>SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS</Identifier>
        <ReturnReference>SCHEDULE J, PAGE 1, PART I, LINE 4</ReturnReference>
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      <DQPTable>
        <NamePerson>STOOCK STROOCK LAVIN</NamePerson>
        <DescriptionOfTransaction>BRD OF GOVENORS</DescriptionOfTransaction>
        <TransactionCorrected>true</TransactionCorrected>
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      <DQPTable>
        <NamePerson>DONALD ZUCKER</NamePerson>
        <DescriptionOfTransaction>BRD OF GOVENORS</DescriptionOfTransaction>
        <TransactionCorrected>true</TransactionCorrected>
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      <DQPTable>
        <NamePerson>SAMUEL IRLANDER</NamePerson>
        <DescriptionOfTransaction>BRD OF GOVENORS</DescriptionOfTransaction>
        <TransactionCorrected>true</TransactionCorrected>
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      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990 - ORGANIZATION'S MISSION</ReturnReference>
        <Explanation>1. TO UNITE IN COMMON ORGANIZATION THOSE PROFESSIONALLY ENGAGED IN REAL ESTATE. 2. TO PROTECT AND PROMOTE THE MUTUAL INTERESTS OF ITS MEMBERS. 3. TO FORMULATE AND MAINTAIN ETHICAL STANDARDS FOR THE GUIDANCE OF ITS MEMBERS IN THEIR RELATIONS WITH EACH OTHER AND THE PUBLIC. 4. TO ADVOCATE NECESSARY PUBLIC IMPROVEMENTS AND OPPOSE UNNECESSARY OR WASTEFUL EXPENDITURES OF PUBLIC FUNDS. 5. TO PROMOTE AND ENCOURAGE THE ENACTMENT OF JUST AND REASONABLE LAWS AND ORDINANCES AFFECTING REAL ESTATE AND TO OPPOSE THOSE THAT WOULD BE UNJUST AND UNREASONABLE. 6. TO SUPPLY MEMBERS WITH INFORMATION THEY NEED TO MAKE SOUND BUSINESS DECISIONS. 7. TO HELP REAL ESTATE PROFESSIONALS MEET STATE GOVERMENT LICENSING STANDARDS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FIRST ACHIEVEMENT DESCRIPTION</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 4A</ReturnReference>
        <Explanation>CONSIDERED BY THE DEPARTMENT OF CITY PLANNING AND COMPREHENSIVE SUMMARY OF THE INDUSTRY'S MARKET CONDITIONS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ALL OTHER ACHIEVEMENTS DESCRIPTION</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 4D</ReturnReference>
        <Explanation>DEPRECIATION EXPENSE</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>RELATED PARTY INFORMATION AMONG OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 2</ReturnReference>
        <Explanation>STEVEN SPINOLA EILEEN SPINOLA PRESIDENT SENIOR VP FAMILY RELATIONSHIP</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CLASSES OF MEMBERS OR STOCKHOLDERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 6</ReturnReference>
        <Explanation>THE FOLLOWING MEMBER CLASSIFICATIONS HAVE VOTING RIGHTS, BROKER A, MANAGEMENT A, OWNER A, BROKER B, MANAGEMENT B, OWNER AAA, OWNER B, OWNER INSTITUTIONAL, APPRAISER A. THE ABOVE MEMBERS ALONG WITH THE FOLLOWING MEMBERS CLASSIFICATIONS ARE ELIGIBLE FOR REGULAR MEMBERSHIP BENEFITS PROVIDED BY THE REAL ESTATE BOARD OF NEW YORK, INC., ALLIED, APPRAISER C, APPRAISER NR, BROKER NR, MANAGEMENT C, OWNER ASC, OWNER C, OWNER E , OWNER NR, OWNER NP, APPRAISER CA, ASSOCIATE, BROKER C, MANAGEMENT B, MANAGEMENT D, OWNER D, OWNER REP, SALESMAN,</Explanation>
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      <GeneralExplanation>
        <Identifier>ELECTION OF MEMBERS AND THEIR RIGHTS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 7A</ReturnReference>
        <Explanation>THE FOLLOWING MEMBER CLASSIFICATIONS HAVE VOTING RIGHTS TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY, BROKER A, MANAGEMENT A, OWNER A, BROKER B, MANAGEMENT B, OWNER AAA, OWNER B, OWNER INSTITUTIONAL, APPRAISER A.</Explanation>
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      <GeneralExplanation>
        <Identifier>DECISIONS SUBJECT TO APPROVAL OF MEMBERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 7B</ReturnReference>
        <Explanation>THE FOLLOWING MEMBER CLASSIFICATIONS HAVE VOTING RIGHTS OF DECISIONS OF THE GOVERNING BODY TO APPROVAL, BROKER A, MANAGEMENT A, OWNER A, BROKER B, MANAGEMENT B, OWNER AAA, OWNER B, OWNER, INSTITUTIONAL, APPRAISER A.</Explanation>
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        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
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        <Explanation>NO GOVERNING DOCUMENTS OR CONFLICT OF INTEREST DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC.</Explanation>
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          <City>NEW YORK</City>
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        <PublicCharityStatus>9</PublicCharityStatus>
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          <AddressLine1>570 LEXINGTON AVENUE</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10022</ZIPCode>
        </AddressUS>
        <EIN>260290087</EIN>
        <PrimaryActivity>R/E LSTNG</PrimaryActivity>
        <LegalDomicileState>NY</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>REBNY</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>C CORP</TypeOfEntity>
        <ShareOfTotalIncome>-143358</ShareOfTotalIncome>
        <ShareOfEOYAssets>42700</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
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      <Form990ScheduleRPartIV>
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          <BusinessNameLine1>TAXPAYERS FOR AN AFFORDABLE NY INC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>570 LEXINGTON AVENUE</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10022</ZIPCode>
        </AddressUS>
        <EIN>133606190</EIN>
        <PrimaryActivity>CIVIC LEAG</PrimaryActivity>
        <LegalDomicileState>NY</LegalDomicileState>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <TypeOfEntity>C CORP</TypeOfEntity>
      </Form990ScheduleRPartIV>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>true</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>true</SharingOfFacilities>
      <SharingOfPaidEmployees>true</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>RESIDENTIALNYC INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>D</TransactionType>
        <AmountInvolved>126428</AmountInvolved>
        <MethodOfAmtDetermination>INVOICES</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>RESIDENTIALNYC INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>M</TransactionType>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>RESIDENTIALNYC INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>N</TransactionType>
        <AmountInvolved>39726</AmountInvolved>
        <MethodOfAmtDetermination>ALLOCATION PERCENTAGE</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>