Attach to Form 990 or Form 990-EZ.
Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
| (i)Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| Total | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2010 | (b) 2011 | (c) 2012 | (d) 2013 | (e) 2014 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2010 | (b) 2011 | (c) 2012 | (d) 2013 | (e) 2014 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support Add lines 7 through 10. | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2010 | (b) 2011 | (c) 2012 | (d) 2013 | (e) 2014 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 5,986,432 | 11,578,609 | 7,506,514 | 6,289,678 | 2,881,261 | 34,242,494 |
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose...... | 5,755,923 | 7,082,460 | 7,794,193 | 6,239,618 | 5,705,203 | 32,577,397 |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513.. | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 6 | Total. Add lines 1 through 5. | 11,742,355 | 18,661,069 | 15,300,707 | 12,529,296 | 8,586,464 | 66,819,891 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons... | 0 | |||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 0 | |||||
| c | Add lines 7a and 7b.. | 0 | |||||
| 8 | Public support (Subtract line 7c from line 6.) | 66,819,891 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2010 | (b) 2011 | (c) 2012 | (d) 2013 | (e) 2014 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 11,742,355 | 18,661,069 | 15,300,707 | 12,529,296 | 8,586,464 | 66,819,891 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 59,641 | 65,040 | 369,441 | 160,214 | 255,729 | 910,065 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 59,641 | 65,040 | 369,441 | 160,214 | 255,729 | 910,065 |
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | 1,300 | 1,300 | ||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 11,801,996 | 18,727,409 | 15,670,148 | 12,689,510 | 8,842,193 | 67,731,256 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e | Discount claimed for blockage or other factors (explain in detail in Part VI): | |||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| 7 | Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions) | |||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2014 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2014 |
(iii) Distributable Amount for 2014 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2014 from Section C, line 6 |
||||
|
2
Underdistributions, if any, for years prior to 2014 (reasonable cause required--see instructions) |
||||
| 3 Excess distributions carryover, if any, to 2014: | ||||
| a From 2009.......X | ||||
| b From 2010.......X | ||||
| c From 2011.......X | ||||
| d From 2012.......X | ||||
| e From 2013....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2014 distributable amount | ||||
|
i
Carryover from 2009 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2014 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2014 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2014, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions) |
||||
|
6
Remaining underdistributions for 2014. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions) |
||||
|
7 Excess distributions carryover to 2015. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a From 2010.......X | ||||
| b From 2011.......X | ||||
| c From 2012.......X | ||||
| d From 2013....... | ||||
| e From 2014....... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 1 | THE MISSION OF THE NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT DBA THE NATIONAL DEVELOPMENT COUNCIL IS TO CREATE ECONOMIC OPPORTUNITY, AFFORDABLE HOUSING AND TO STRENGTHEN COMMUNITIES IN UNDERSERVED AREAS ACROSS THE UNITED STATES. |
| FORM 990, PART III, LINE 1 | THE THREE PRIMARY EXEMPT PURPOSES OF THE NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT DBA THE NATIONAL DEVELOPMENT COUNCIL ARE TO: - ENCOURAGE AND FOSTER BUSINESS OWNERSHIP BY MEMBERS OF DISADVANTAGED GROUPS. - CONDUCT PROGRAMS TO INFORM AND AID COMMUNITIES IN OBTAINING AND UTILITIZING GOVERNMENTAL AND OTHER FUNDS FOR SUPPORT OF LOCAL ECONOMIC DEVELOPMENT. - PROVIDE HOUSING FOR LOW INCOME PERSONS. |
| FORM 990, PART III, LINE 4A - FIRST ACCOMPLISHMENT | ENCOURAGE AND FOSTER BUSINESS OWNERSHIP BY MEMBERS OF DISADVANTAGED GROUPS: THROUGH NDC'S SMALL BUSINESS LENDING UNIT, WE HAVE FOSTERED MORE THAN 500 SMALL BUSINESSES OWNED BY DISADVANTAGED INDIVIDUALS ACROSS THE NATION BY PROVIDING LOANS AND BUSINESS COUNSELING. LOANS TOTAL OVER $200 MILLION AT VERY LOW INTEREST RATES AND ATTRACTIVE TERMS. THE BUSINESS COUNSELING IS PROVIDED AT NO COST TO THE SMALL BUSINESSES. OVER THE LAST SEVERAL YEARS, OUR SMALL BUSINESS LOAN FUND HAS RECEIVED NATIONAL RECOGNITION FROM A VARIETY OF INSTITUTIONS: - JPMORGAN CHASE AWARDED NDC'S SMALL BUSINESS LENDING UNIT A $2.3 MILLION GRANT TO MAKE SMALL BUSINESS LOANS IN DISTRESSED AND UNDERSERVED COMMUNITIES ACROSS THE COUNTRY. WORKING WITH LOCAL COMMUNITY CDFIS AND CDCS, NDC PROVIDES TA AND FINANCE TRAINING TO THE LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS, AND USES NDC'S GROW AMERICA FUND TO MAKE LOANS TO SMALL BUSINESSES WHO INVEST IN THEIR COMMUNITIES AND CREATE JOBS. TO DATE, FINANCING UNDER THE CHASE PROGRAM HAS RESULTED IN $33 MILLION IN TOTAL FINANCING TO 41 SMALL BUSINESSES WHO HAVE CREATED OR RETAINED 1500 JOBS. - EDA HAS MADE A $850,000 CREDIT FACILITY AVAILABLE AT A 0% RATE OF INTEREST TO MAKE LOANS TO DISADVANTAGED BUSINESSES IN DISTRESSED COMMUNITIES IN WASHINGTON STATE. - USDA HAS MADE A $750,000 CREDIT FACILITY AVAILABLE TO US FOR 30 YEARS AT 1% RATE OF INTEREST TO MAKE LOANS TO DISADVANTAGED BUSINESSES IN RURAL AREAS OF AMERICA. HERE ARE EXAMPLES OF DISADVANTAGED BUSINESSES THAT NDC'S SMALL BUSINESS LOAN FUND HAS RECENTLY ASSISTED: - IN NYC, WE ASSISTED AN IMMIGRANT OWNED, HISPANIC MANUFACTURER OF ARTISAN EMPANADAS TO PURCHASE A BUILDING TO HOUSE ITS COMMERCIAL PRODUCTION FOR ITS CATERING OPERATION AND ITS RETAIL LOCATIONS (FOOD TRUCKS AND KIOSKS IN PUBLIC SPACES). THIS ASSISTANCE RESULTED IN THE CREATION OF TWENTY FIVE NEW JOBS. - IN ONE OF CINCINNATI'S MORE CHALLENGED NEIGHBORHOODS, WE HELPED AN IMMIGRANT, AFRICAN-AMERICAN OWNED FAMILY CONVENIENCE STORE ACQUIRE AND RENOVATE ITS BUILDING. - IN LONG BEACH, CA, WE ASSISTED A WOMAN OWNED BUSINESS THAT IS A FULL SERVICE MARKETING AND ADVERTISING AGENCY SPECIALIZING IN BRAND DEVELOPMENT, CUSTOMER PROFILING, INTERNET MARKETING, MEDIA PLANNING, EVENT MARKETING, NON-TRADITIONAL MARKETING AND AFFINITY GROUP MARKETING TO RECEIVE A PERMANENT WORKING CAPITAL LOAN TO FUND ITS GROWING RECEIVABLES. THE PROJECT WILL CREATE SIX NEW JOBS ALLOWING THE COMPANY TO EMPLOY A TOTAL OF TWENTY-TWO INDIVIDUALS. |
| FORM 990, PART III, LINE 4B - SECOND ACCOMPLISHMENT | INFORM AND AID COMMUNITIES IN OBTAINING AND UTILIZING GOVERNMENTAL FUNDS FOR SUPPORT OF LOCAL ECONOMIC DEVELOPMENT: NDC CONDUCTS TRAINING AND PROVIDES COUNSELING AND TECHNICAL ASSISTANCE TO DISADVANTAGED COMMUNITIES FOR SUPPORT OF LOCAL ECONOMIC DEVELOPMENT. DURING THE YEAR, NDC WORKED WITH MORE THAN 100 COMMUNITIES PROVIDING TECHNICAL ASSISTANCE AND GUIDANCE IN CARRYING OUT ECONOMIC AND COMMUNITY DEVELOPMENT STRATEGIES, PROGRAMS AND PROJECTS AND IN DEVELOPING PUBLIC FACILITIES. THROUGH THESE SERVICES, NDC ACHIEVED FINANCING FOR PROJECTS AND PROGRAMS, WITH GOVERNMENT AND PRIVATE SECTOR FUNDS, IN EXCESS OF $750 MILLION. A SAMPLE OF THE PROJECTS FOR WHICH NDC IS PROVIDING TECHNICAL ASSISTANCE AND TRAINING AROUND THE COUNTRY INCLUDE: - IN 2014, NDC TRAINING DELIVERED A TOTAL OF 410 DAYS OF TRAINING TO 3,549 STUDENTS DRAWN FROM NONPROFIT COMMUNITY DEVELOPMENT CORPORATIONS, COMMUNITY DEVELOPMENT FINANCE INSTITUTIONS, STATE AND LOCAL GOVERNMENTS, COMMUNITY FOUNDATIONS AND OTHER ORGANIZATIONS WORKING IN ECONOMIC, HOUSING AND COMMUNITY DEVELOPMENT. IN ADDITION TO NDC'S NATIONALLY RESPECTED CERTIFICATION TRAINING FOR HOUSING AND ECONOMIC DEVELOPMENT FINANCE PROFESSIONALS, NEW COURSES WERE DEVELOPED ON BEHALF OF: THE NATIONAL TRUST FOR HISTORIC PRESERVATION TO BUILD NEW DEVELOPMENT FINANCE SKILLS FOR HISTORIC CONSERVATORS; THE USDA TO ENHANCE STAFF UNDERWRITING SKILLS FOR CRITICAL RURAL COMMUNITY FACILITIES, INCLUDING HOSPITALS AND PUBLIC SAFETY BUILDINGS; AND, THE CONNECTICUT HOUSING FINANCE AUTHORITY TO SUPPORT THE SKILLS OF NONPROFITS WORKING TO PRESERVE AFFORDABLE HOUSING IN THE STATE. - NDC HAS WORKED WITH THE CITY OF SALT LAKE, THE COUNTY OF SALT LAKE, THE CITY OF OGDEN, A DIVERSE GROUP OF STAKEHOLDERS IN SALT LAKE'S LOW INCOME COMMUNITIES, AND LOCAL BANKS AND FOUNDATIONS INCLUDING AMERICAN EXPRESS, THE UTAH FOUNDATION, NEIGHBORWORKS, AND MORGAN STANLEY TO CREATE A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) WHOSE MISSION IS TO CREATE ECONOMIC OPPORTUNITY FOR LOW INCOME RESIDENTS BY STIMULATING INVESTMENT AND CREATING JOBS FOR THE UNEMPLOYED. NDC HAS BEEN PROVIDING TA, TRAINING, AND CAPACITY BUILDING SERVICES, MAKING SMALL BUSINESS LOANS THROUGH OUR GROW AMERICA FUND, STRUCTURING AFFORDABLE HOUSING PROJECTS, AND OFFERING DEVELOPMENT SERVICES. - WORKING WITH MIAMI-DADE COUNTY'S PUBLIC-PRIVATE PARTNERSHIP FOR ECONOMIC DEVELOPMENT (THE BEACON COUNCIL), NDC IS PROVIDING TA TO BEACON COUNCIL TO CREATE A COUNTY-WIDE WEBSITE FOR ECONOMIC DEVELOPMENT, CAPITAL ACCESS, AND JOB CREATION. THE SITE OFFERS A WEB-BASED PLATFORM THAT ASSISTS DISADVANTAGED SMALL BUSINESSES TO IDENTIFY ALL SOURCES OF CAPITAL, SERVICE PROVIDERS (E.G., SBDCS), MICRO FINANCING, CROWDFUNDING, LOANS AND INVESTMENTS. - IN NEW YORK CITY, NDC PROVIDED TA TO THE CITY OF NEW YORK (NYCEDC), THE OFFICE OF BROOKLYN BOROUGH PRESIDENT, THE KINGS THEATER REDEVELOPMENT CORPORATION, AND THE FLATBUSH AVENUE BUSINESS DISTRICT TO STRUCTURE AND APPLY FOR FINANCING FOR THE $95 MILLION RENOVATION OF THE ICONIC AND HISTORIC KINGS THEATER IN EAST FLATBUSH (ORIGINALLY OPENED IN 1929). THE PROJECT IS ENHANCING ECONOMIC DEVELOPMENT OF THIS LOW INCOME NEIGHBORHOOD THROUGH EXTENSIVE JOB CREATION, PROVIDING A WIDE VARIETY OF CULTURAL EVENTS THAT SERVE THE VIBRANT AND DIVERSE NEIGHBORHOODS OF CENTRAL BROOKLYN, AND RESTORING AND RETURNING THIS LONG ABANDONED BUILDING (CLOSED SINCE 1979) TO PRODUCTIVE AND ECONOMIC REUSE. - THROUGH A PARTNERSHIP WITH THE NATIONAL ASSOCIATION OF COMMUNITY ECONOMIC DEVELOPMENT AGENCIES, NDC PROVIDES TECHNICAL ASSISTANCE, TRAINING AND FINANCIAL SUPPORT TO FLEDGLING, LOCAL NONPROFIT ECONOMIC DEVELOPMENT ORGANIZATIONS. |
| FORM 990, PART III, LINE 4C - THIRD ACCOMPLISHMENT | TO PROVIDE HOUSING FOR LOW INCOME PERSONS: NDC CONDUCTS TRAINING AND PROVIDES COUNSELING AND TECHNICAL ASSISTANCE TO DISADVANTAGED COMMUNITIES AND NONPROFIT ORGANIZATIONS IN SUPPORT OF PROVIDING HOUSING FOR LOW INCOME PERSONS. DURING THE YEAR, NDC WORKED WITH MORE THAN 100 COMMUNITIES AND NONPROFIT ORGANIZATIONS AND PROVIDED TRAINING TO MORE THAN 1,800 PRACTITIONERS IN HOUSING DEVELOPMENT FOR LOW INCOME PERSONS AND IN LOW INCOME COMMUNITIES. OUR TECHNICAL ASSISTANCE PROVIDED TO NONPROFIT SERVICE PROVIDERS AND COMMUNITY ORGANIZATIONS AND THROUGH NDC'S NONPROFIT HOUSING AFFILIATE AND LOW INCOME HOUSING FUND SPURRED INVESTMENT THAT RESULTED IN PUBLIC AND PRIVATE SECTOR FINANCING TOTALING MORE THAN $100 MILLION, CREATING OR REHABILITATING 900 HOUSING UNITS FOR LOW INCOME PERSONS, FAMILIES, THE ELDERLY, AND PERSONS WITH SPECIAL NEEDS. THROUGH OUR HOUSING DEVELOPMENT AFFILIATE, NDC HAS DEVELOPED OVER 8,500 UNITS OF HOUSING FOR LOW INCOME AND DISADVANTAGED PERSONS. PARTNERING WITH COMMUNITIES AND/OR LOCAL NOT-FOR-PROFITS WE INITIALLY EVALUATE THE ROLE THAT WE SHOULD PLAY, WE IDENTIFY THE DEVELOPMENT TEAM, DESIGN THE PROJECT AND STRUCTURE THE FINANCING. MORE THAN 75% OF OUR PROJECTS ARE UNDERTAKEN WITH NOT-FOR-PROFIT PARTNERS AND OVER 35% OF OUR PROJECTS ARE LOCATED IN RURAL AREAS ACROSS THE COUNTRY. WHILE THE MAJORITY OF OUR PROJECTS INVOLVE NEW CONSTRUCTION, WE HAVE COMPLETED NUMEROUS REHABILITATIONS AND HISTORIC REHABILITATIONS. A SAMPLE OF SOME OF OUR PROJECTS THAT WE ARE WORKING ON OR HAVE COMPLETED OVER THE LAST SEVERAL YEARS INCLUDE: - WORKING WITH THE STATE OF CONNECTICUT HOUSING FINANCE AGENCY AND THE CONNECTICUT DEPARTMENT OF HOUSING, NDC IS MANAGING THE CONNECTICUT HOUSING ACADEMY WHICH PROVIDES TRAINING, TECHNICAL ASSISTANCE, AND FINANCING UNDER THE STATE'S AFFORDABLE HOUSING PRESERVATION PROGRAM, DESIGNED TO KEEP AFFORDABLE HOUSING UNITS THAT HAVE COMPLETED THEIR REGULATORY COMPLIANCE PERIODS FROM BECOMING MARKET RATE HOUSING. - WORKED WITH SUFFOLK COUNTY, NY, IN THE LOW INCOME AFRICAN-AMERICAN COMMUNITY (WYANDANCH) TO PLAN, STRUCTURE AND FINANCE A TRANSIT ORIENTED DEVELOPMENT CALLED WYANDANCH RISING, THE FIRST SIGNIFICANT NEW CONSTRUCTION IN WYANDANCH IN 30 YEARS. THE MIXED USE LEED PROJECT IS A NATIONAL MODEL FOR INCLUSION. STEPS AWAY FROM THE LONG ISLAND RAILROAD AND A REGIONAL TRANSPORTATION HUB, THE PROJECT CONSISTS OF 170 UNITS OF MIXED INCOME HOUSING (30% AFFORDABLE FOR LOW INCOME, 20% WORK FORCE HOUSING) OFFERING AFFORDABLE LIVING APARTMENTS TO LOW INCOME RESIDENTS, 40,000 SQUARE FEET OF SHOPS AND RETAIL SPACE TO OFFER SERVICES AND CREATE JOBS, A COMMUNITY CENTER, A GREEN MARKET, PUBLIC PLAZA AND GREEN SPACE, AND AN ELECTRIC VEHICLE RECHARGING CENTER. - IN MADISON COUNTY IL, NDC HAS BEEN ASSISTING THE LOCAL HOUSING AUTHORITY SINCE 2007 TO BUILD THEIR CAPACITY TO OWN, MANAGE, AND DEVELOP QUALITY MIXED FINANCE MULTI-FAMILY HOUSING IN MADISON COUNTY. THE PARTNERSHIP BETWEEN NDC AND THE PHA HAS ENABLED THE PHA TO PROVIDE QUALITY, SUSTAINABLE AFFORDABLE HOUSING FOR FAMILIES, CHILDREN, SENIORS AND THE DISABLED. THIS PARTNERSHIP HAS RESULTED IN THE DEVELOPMENT OF 231 UNITS OF QUALITY AFFORDABLE HOUSING IN MADISON COUNTY OVER THE LAST TEN YEARS. IN 2014, NDC PROVIDED ASSISTANCE FOR THE MAY APARTMENTS. THIS PROJECT INVOLVED THE ACQUISITION OF 46 UNITS OF ELDERLY/DISABLED HOUSING, REHAB OF THESE UNITS AND CONSTRUCTION OF 24 NEW UNITS ON THE SITE USING LIHTC, RHF FUNDS, STATE AND LOCAL HOME FUNDS, AND A STATE ENERGY EFFICIENCY GRANT. NDC ASSISTED WITH THE LIHTC APPLICATION, HUD EVIDENTIARY DOCUMENTS, CONSTRUCTION FINANCING, SELECTION OF AN ARCHITECT AND EQUITY PARTNER, NEGOTIATION OF PARTNERSHIP DOCUMENTS, BIDDING OF THE PROJECT, BUDGETING, CLOSING, AND CONSTRUCTION. NDC WILL CONTINUE TO PROVIDE TECHNICAL ASSISTANCE THROUGH THE FINALIZATION OF THE COST CERTIFICATION AND THE ISSUANCE OF THE 8609S. - OVER THE PAST SEVERAL YEARS, NDC HAS PROVIDED PROJECT TECHNICAL ASSISTANCE AND FINANCING TO NEIGHBORS OF WATERTOWN AND THE WATERTOWN LOCAL DEVELOPMENT COMPANY TO ASSIST THEM TO ACQUIRE AND REHABILITATE THREE LONG ABANDONED HISTORIC DOWNTOWN AND NEIGHBORHOOD MIXED USE STRUCTURES IN THE RURAL COMMUNITY OF WATERTOWN. AS A RESULT, THE COMMUNITY RAISED AND INVESTED $25 MILLION OF INVESTMENT CAPITAL CREATING 83 UNITS OF LOW INCOME AND HOMELESS HOUSING AND 13,000 SQUARE FEET OF COMMERCIAL SPACE. ONE OF THE PROPERTIES, THE FRANKLIN BUILDING, WAS A FINALIST FOR THE TIMOTHY ANDERSON AWARD FOR EXCELLENCE IN HISTORIC RENOVATION. - WORKING WITH MORGAN STANLEY, THE KRESGE FOUNDATION AND THE LOCAL INITIATIVES SUPPORT CORPORATION UNDER A PROGRAM ENTITLED "HEALTHY FUTURES," NDC IS WORKING TO BRING TOGETHER AFFORDABLE HOUSING AND MEDICAL SERVICES PROVIDED BY FEDERALLY QUALIFIED HEALTH CARE CENTERS. - WORKING WITH THE NATIONAL RURAL HOUSING COALITION, NDC PROVIDES TECHNICAL ASSISTANCE AND FINANCIAL SUPPORT TO RURAL HOUSING ORGANIZATIONS ACROSS THE NATION. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WAS PREPARED BY OUTSIDE TAX PREPARERS IN CONSULTATION WITH MANAGEMENT AND AUDITORS. A DRAFT OF THE FULL FORM 990 WAS PROVIDED TO THE ENTIRE BOARD FOR REVIEW. A COMPLETE COPY OF THE FINAL FORM 990 WAS PROVIDED TO THE ORGANIZATION'S ENTIRE BOARD BEFORE IT WAS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL MEMBERS OF THE NDC BOARD OF DIRECTORS AND EXECUTIVE EMPLOYEES ARE REQUIRED TO ANNUALLY EXECUTE A CONFLICT OF INTEREST AND COMPENSATION GUIDELINES ACKNOWLEDGEMENT STATING THAT THEY HAVE RECEIVED, READ AND UNDERSTAND, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES. THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES REQUIRE BOARD MEMBERS AND EXECUTIVE EMPLOYEES TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST IMMEDIATELY. THE CHAIRPERSON OF THE BOARD WILL UPON NOTIFICATION OF SUCH AN EVENT APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY CAN RESULT IN APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. ALSO ALL BOARD MEMBERS BY EXECUTING THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES ACKNOWLEDGE THAT THEY SHARE THE RESPONSIBILITY OF NDC AND NDC SUPPORT I TO REMAIN FAITHFUL TO THE ORGANIZATIONS' CHARITABLE PURPOSES. |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION PROCESS FOR TOP OFFICIAL: THE BOARD OF DIRECTORS OF NDC HAS A STANDING COMPENSATION REVIEW COMMITTEE, THE MEMBERS OF WHICH ARE ALL INDEPENDENT DIRECTORS. THE COMMITTEE ENGAGES A THIRD PARTY INDEPENDENT CONSULTANT TO REVIEW THE COMPENSATION OF THE PRESIDENT EVERY TWO YEARS. THE COMMITTEE REVIEWS AND DISCUSSES THE FINDINGS AT A SPECIAL SESSION WITH ALL BOARD MEMBERS PRESENT EXCEPT THE PRESIDENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | NDC VOLUNTARILY MAKES AVAILABLE ITS GOVERNING DOCUMENTS, FORM 1023, AND 990 AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990 IS AVAILABLE ON WWW. GUIDESTAR.ORG. |
| FORM 990, PART VII, SECTION A | CHAIRMAN COMPENSATION AND IN-KIND GRANT: NDC HAS MADE AN IN-KIND GRANT TO THE JEFFERSON AWARDS FOR PUBLIC SERVICE (JAPS). AT THE BEHEST OF THE NDC BOARD OF DIRECTORS, NDC'S CHAIRMAN SAMUEL BEARD HAS BEEN ASKED TO WORK AS THE CHIEF EXECUTIVE OF JAPS. JAPS IS A 501(C)(3) PUBLIC CHARITY THAT HONORS AND PROMOTES COMMUNITY LEADERSHIP AND ACHIEVEMENTS IN PUBLIC SERVICE AND SHARES COMPARABLE GOALS OF NDC. THROUGH ITS MISSION, JAPS PROMOTES AND EMPOWERS MINORITIES AND LOW-INCOME COMMUNITY RESIDENTS TO BECOME COMMUNITY LEADERS THEREBY ADVANCING THE MISSION OF NDC TO CREATE ECONOMIC OPPORTUNITY AND PROVIDING TRAINING IN LOW-INCOME COMMUNITIES. |
| FORM 990, PART XI, LINE 9: | CHANGE IN FUNDED STATUS OF NON-QUALIFIED PENSION PLANS -58,358. CHANGE IN FUNDED STATUS OF QUALIFIED PENSION PLANS -4,672,082. |
| FORM 990, PART XI, LINE 8 | PRIOR PERIOD ADJUSTMENT DUE TO OVERSTATEMENT OF NON-QUALIFIED PENSION LIABILITY. |
| FORM 990, PART VII, SECTION A & SCHEDULE J, PART II | NDC SERVES AS THE COMMON PAYMASTER FOR NDC, NDC SUPPORT I, INC., NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION (HEDC) AND GROW AMERICA FUND, INC. (GAF). AS COMMON PAYMASTER, NDC HAS ALLOCATED EMPLOYEES' SALARIES AND BENEFITS BETWEEN THESE ORGANIZATIONS BASED ON HOURS WORKED BY EMPLOYEES FOR THE RESPECTIVE ORGANIZATIONS. BOARD MEMBERS ARE COMPENSATED FOR THEIR SERVICE FOR RELATED ORGANIZATIONS, NOT FOR THEIR SERVICE AS A BOARD MEMBER OF NDC. NDC HAS ESTABLISHED BOTH A QUALIFIED PENSION PLAN AND A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR THE BENEFIT OF ITS EMPLOYEES. THE NONQUALIFIED DEFERRED COMPENSATION PLAN IS DEFINED IN SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE BENEFITS UNDER THE NONQUALIFIED PENSION PLAN ARE GENERALLY NOT VESTED UNTIL COMPLETION OF SUBSTANTIAL REQUIREMENTS. HOWEVER, THE BENEFITS UNDER THIS NONQUALIFIED DEFERRED COMPENSATION PLAN BECOME TAXABLE TO THE INDIVIDUAL UPON VESTING, EVEN THOUGH THE BENEFIT MAY NOT BE PAYABLE UNTIL A LATER YEAR OR YEARS. THE TAXABLE AMOUNT IS THE RESPECTIVE INDIVIDUAL'S LUMP SUM EQUIVALENT OF THE DEFERRED BENEFIT. DURING 2014 THE FOLLOWING INDIVIDUALS RECEIVED THEIR BENEFIT UNDER THE NDC 457(F) NON QUALIFIED DEFERRED COMPENSATION PLAN: - JOHN DOWNS RECEIVED $4,050 - DANIEL MARSH III RECEIVED $39,105 - PATRICIA THOMSON RECEIVED $8,742 |
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