Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (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) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 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) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (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) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 2,881,261 | 4,089,562 | 4,616,744 | 4,375,706 | 4,663,809 | 20,627,082 |
| 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 | 5,705,203 | 5,525,288 | 5,481,765 | 5,318,990 | 5,475,241 | 27,506,487 |
| 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 | 8,586,464 | 9,614,850 | 10,098,509 | 9,694,696 | 10,139,050 | 48,133,569 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 1,250,000 | 3,409,562 | 4,297,869 | 3,834,170 | 3,450,702 | 16,242,303 |
| 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.. | 1,250,000 | 3,409,562 | 4,297,869 | 3,834,170 | 3,450,702 | 16,242,303 |
| 8 | Public support. (Subtract line 7c from line 6.) | 31,891,266 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 8,586,464 | 9,614,850 | 10,098,509 | 9,694,696 | 10,139,050 | 48,133,569 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 255,729 | 215,571 | 124,010 | 13,754 | 39,085 | 648,149 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 255,729 | 215,571 | 124,010 | 13,754 | 39,085 | 648,149 |
| 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.) .. | 33,112 | 1,626 | 34,738 | |||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 8,842,193 | 9,830,421 | 10,255,631 | 9,710,076 | 10,178,135 | 48,816,456 |
| 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 | ||||
| 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 2018 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-2018 |
(iii) Distributable Amount for 2018 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2018 from Section C, line 6 |
||||
|
2
Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI). See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2018: | ||||
| a From 2013....... | ||||
| b From 2014....... | ||||
| c From 2015....... | ||||
| d From 2016....... | ||||
| e From 2017....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2018 distributable amount | ||||
|
i
Carryover from 2013 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2018 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2018 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2018, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2018. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2019. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2014...... | ||||
| b Excess from 2015..... | ||||
| c Excess from 2016..... | ||||
| d Excess from 2017..... | ||||
| e Excess from 2018..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | DISTRIBUTION FROM PARTNERSHIP - 2016 AMOUNT: $ 33,112. MISCELLANEOUS - 2017 AMOUNT: $ 1,626. |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 4A CONTINUATION: | - NDC'S TWO CDFI'S THE GROW AMERICA FUND AND NDC COMMUNITY IMPACT LOAN FUND OPERATE IN FIVE OF THE TEN MOST DISTRESSED CITIES IN AMERICA. CLEVELAND, BUFFALO, NEWARK, CINCINNATI AND SAN BERNARDINO HAVE DISTRESS RATINGS FROM 93.6 TO 99.9 OUT OF 100 ACCORDING TO THE ECONOMIC INNOVATION GROUP DISTRESSED COMMUNITY INDEX. BUSINESSES FINANCED BY NDC HAVE CREATED OVER 16,000 JOBS AND 11,500 OF THOSE JOBS ARE CONSIDERED FILLED BY LOW AND MODERATE-INCOME PERSONS. - JPMORGAN CHASE AWARDED NDC'S SMALL BUSINESS LENDING UNIT TWO GRANTS TOTALING $8.3 MILLION TO MAKE SMALL BUSINESS LOANS IN DISTRESSED AND UNDERSERVED COMMUNITIES ACROSS THE COUNTRY. WORKING WITH LOCAL CDFIS, CDE'S AND CDCS, NDC PROVIDES TECHNICAL ASSISTANCE AND FINANCE TRAINING AND USES NDC'S GROW AMERICA FUND TO MAKE LOANS TO SMALL BUSINESSES WHO INVEST IN THEIR COMMUNITIES AND CREATE JOBS. THE $33 MILLION IN FINANCING EXTENDED THROUGH THE CHASE PROGRAM HAS PROVIDED APPROPRIATELY PRICED CAPITAL TO OVER 41 SMALL BUSINESSES WHO HAVE CREATED OR RETAINED OVER 1,500 JOBS. IN ADDITION TO THE CHASE FUNDING, NDC HAS RECEIVED GRANTS AND PRIS FROM MORGAN STANLEY, DISCOVER BANK, THE FORD FOUNDATION, THE CLEVELAND COMMUNITY FOUNDATION, THE BURTON D. MORGAN FOUNDATION, THE LONGWOOD FOUNDATION, TACOMA COMMUNITY FOUNDATION, THE SEATTLE FOUNDATION AND THE CDFI FUND TO SUPPORT SMALL BUSINESS LENDING IN DISTRESSED COMMUNITIES. - GAF HAS RECEIVED OVER $8 MILLION IN GRANTS FROM THE CDFI FUND IN RECOGNITION OF CARRYING OUT ITS MISSION. IN 2018 WE RECEIVED A $600 THOUSAND GRANT FROM THE CDFI FA PROGRAM. - IN 2015 AND 2017, THE UNITED STATES DEPARTMENT OF COMMERCE, ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) MADE TWO CREDIT FACILITIES TOTALING $1.6 MILLION AVAILABLE AT A 0% RATE OF INTEREST TO MAKE LOANS TO DISADVANTAGED BUSINESSES IN DISTRESSED COMMUNITIES IN WASHINGTON STATE. IN 2016, NDC MADE ITS FIRST LOAN IN THE PROGRAM AND IS CONTINUING TO LEND UNDER THAT PROGRAM. NDC IS CURRENTLY NEGOTIATING WITH EDA TO ACQUIRE FUNDS TO EXPAND THE LENDING FOOTPRINT. - NDC THROUGH ITS CDFI, NDC COMMUNITY IMPACT LOAN FUND HAS ENTERED INTO A LENDING PARTNERSHIP WITH THE NATIONAL URBAN LEAGUE, THE URBAN EMPOWERMENT FUND AND LOCAL URBAN LEAGUE CHAPTERS TO MAKE LOANS AVAILABLE TO AFRICAN-AMERICAN BORROWERS IN SELECTED URBAN MARKETS ACROSS THE UNITED STATES. IN 2018, THE GREATER CLEVELAND CAPITAL ACCESS FUND AND THE CAPITAL ACCESS FUND EXPANDED TO BROWARD COUNTY, FL MADE 19 LOANS TOTALING $2,271,500. EXAMPLES OF THE LOANS MADE INCLUDE: - TAYLOR TOTS, A DAY CARE PROVIDER IN BROWARD COUNTY, FLORIDA - MOBITES, A GOURMET MOBILE FOOD TRUCK IN CLEVELAND, OHIO - SOUTHERN CUSTOM IRON ART, A METAL FABRICATOR IN BROWARD COUNTY, FLORIDA IN 2018, GAF MADE 30 LOANS TOTALING $13,146,000. THE FOLLOWING ARE 2018 EXAMPLES OF BUSINESSES NDC'S SBA 7A SMALL BUSINESS LOAN PROGRAM HAS ASSISTED: PRIME FOR DIME: PRIME FOR THE DIME INC. ("PFD"), LOCATED IN BROOKLYN, NEW YORK, IS A BEAUTY PRODUCTS DISTRIBUTOR IN OPERATION SINCE 2015. THE COMPANY HAS RELATIONSHIPS WITH HIGH-QUALITY, LOW-COST, BEAUTY PRODUCT MANUFACTURERS LOCATED ABROAD. IN TURN, PFD LEVERAGES THOSE RELATIONSHIPS TO BUY STRAIGHT FROM THE SOURCE AND THEN TO SELL ONLINE. HISTORICALLY, THE COMPANY FOCUSED ON SALES OF HIGH-QUALITY PERFUMES, WHICH IN TURN THEY RETAIL ON AMAZON AND OTHER ONLINE MARKETS. GAF PROVIDED A LOAN OF $300,000 TO FUND PERMANENT WORKING CAPITAL TO ASSIST THE COMPANY WITH ITS EVER-GROWING RECEIVABLES. GIFTS OF LOVE FAMILY DAYHOME: GIFTS OF LOVE FAMILY DAYHOME ("SBC", "GIFTS OF LOVE") IS IN THE WHITEHAVEN NEIGHBORHOOD OF MEMPHIS, TENNESSEE SERVING PARENTS/GUARDIANS OF CHILDREN FROM 5 MONTHS OF AGE TO 12 YEARS. GIFTS OF LOVE RECEIVED A LOAN OF $350,000 TO PURCHASE THE BUILDING THAT THEY PREVIOUSLY LEASED PROVIDING THE BUSINESS WITH A PERMANENT HOME. RJ DEMOLITION AND INDUSTRIAL SHOP: RJ'S DEMOLITION AND DISPOSAL (RJ'S) WAS STARTED IN 1999 AS A LICENSED DEMOLITION CONTRACTOR. WHILE ORIGINALLY GENERATING MOST OF ITS REVENUES THROUGH DEMOLITION AND TRASH HAULING SERVICES FOR LARGE AND SMALL CONTRACTORS AROUND LOS ANGELES & SURROUNDING COUNTIES, RJ'S NOW OPERATES FOUR RETAIL HOME IMPROVEMENT SUPPLY STORES IN THE SOUTH BAY AS ITS PRINCIPAL SOURCE OF REVENUE. THE COMPANY IS ALSO ENGAGED IN THE RECYCLING AND RESALE OF GREEN WASTE WITH RECYCLING CENTER OPERATIONS AND SERVICES BEING PROVIDED AT THE INGLEWOOD AND GARDENA LOCATIONS. 2018 GROWTH PLANS INCLUDE CENTRALIZING AND EXPANDING THE RECYCLING CENTER OPERATIONS AT A NEW LOCATION IN BAKERSFIELD, CA. GAF PROVIDED A LOAN OF $1,030,000 TO ACQUIRE THE PERMITTING NECESSARY TO INSTALL SOLAR PANELS ON ITS INGLEWOOD FACILITY PROVIDING THE COMPANY WITH SIGNIFICANT ENERGY COST SAVINGS. GAF ALSO PROVIDED FUNDS TO EXPAND THE COMPANY'S RECYCLING SERVICES. CSA HEATING AND AIR: ESTABLISHED IN THE GREATER SALT LAKE CITY AREA IN 2014, CSA HEATING & AIR PROVIDES A COMPLETE HVAC SOLUTION FOR HOMES AND BUSINESSES INCLUDING GEOTHERMAL SYSTEMS. THE OWNERS BELIEVE THAT CONTINUING EDUCATION, FOR ALL THEIR REPAIR TECHNICIANS AND BUILDING CREWS, BRINGS THEIR CUSTOMERS MORE EFFICIENT AND INFORMED SERVICE. GAF PROVIDED A $500,000 LOAN TO REFINANCE OF SHORT TERM, HIGH INTEREST LOANS FROM PREDATORY ONLINE LENDERS AND PROVIDED NEW PERMANENT WORKING CAPITAL TO FUND CONTINUED GROWTH. PULP FOODS: FOUNDED IN 2016, PULP FOODS LLC IS A TEA/COFFEE ROASTER AND WHOLESALER LOCATED IN SAN ANTONIO, TEXAS. THE COMPANY DISTRIBUTES OUT OF ITS OWN LABEL BUT SPECIALIZES IN PRIVATE LABEL AND CONTRACT ROASTING AS WELL. PULP ALSO DISTRIBUTES COFFEE EQUIPMENT TO COFFEE SHOPS IN NEED. GAF PROVIDED A LOAN OF $125,000 TO PURCHASE TWO COMMERCIAL ESPRESSO MACHINES FOR ITS TASTING ROOM, TO REFINANCE SOME OF ITS POORLY STRUCTURED DEBT, FOR LEASEHOLD IMPROVEMENTS RELATED TO THEIR EXPANSION, AND FOR PERMANENT WORKING CAPITAL. JJ MINK: DOING BUSINESS AS JOJO CARLONI'S, JJ MINK IS AN ITALIAN FULL-SERVICE RESTAURANT. THE RESTAURANT OUTGREW ITS OLD LOCATION IN OLMSTED TOWNSHIP, OHIO AND USED GAF FINANCING TO RELOCATE TO BEREA, OHIO WHERE IT NOW OCCUPIES A MUCH BIGGER SPACE AND INCREASED ITS DINING CAPACITY FROM 7 TO 30 TABLES. THE BEREA LOCATION REMAINS A FULL SERVICE, FAMILY FRIENDLY, ITALIAN RESTAURANT THAT SERVES FAMILY RECIPES. THE RESTAURANT OFFERS HIGH QUALITY, NATURAL FOOD SELECTIONS AS AFFORDABLE AS POSSIBLE. ITALIAN WINES AND BEERS WILL BE OFFERED, AND THE ATMOSPHERE WILL BE QUAINT AND CASUAL. PIZZAS WILL BE PRODUCED VERY QUICKLY USING A TURBOCHEF PIZZA OVEN THAT WILL COOK A PIZZA IN 2 MINUTES VERSES 15-20 MINUTES. THE RESTAURANT WILL SERVICE BREAKFAST, LUNCH, DINNER, AND WEEKEND BRUNCH. GAF PROVIDED A $315,000 LOAN WHICH FUNDED $220,000 IN MACHINERY AND EQUIPMENT, $50,000 IN REFINANCING DEBT, $31,000 IN PERMANENT WORKING CAPITAL, AND $14,000 IN SOFT AND CLOSING COSTS. KONA ICE: NORCAL CONCESSION MANAGEMENT LLC DOING BUSINESS AS KONA ICE OF TRACY, CALIFORNIA WAS ESTABLISHED IN 2015. THEIR FIRST MOBILE UNIT WAS PLACED IN SERVICE EARLY IN 2015 AND A KIOSK TRAILER WAS ADDED SHORTLY THEREAFTER. THE BUSINESS OPERATES FROM MARCH THROUGH DECEMBER. THE MOBILE UNIT VISITS FAIRS AND FESTIVALS, FUNDRAISING AND OTHER PRIVATE EVENTS, AS WELL AS LOCAL BUSINESSES IN THE TRACY AREA. GAF PROVIDED A $105,000 LOAN TO REFINANCE THE ORIGINAL MOBILE UNIT AND TO PROVIDE WORKING CAPITAL. ACCUAIR MECHANICAL: STARTED IN 2015 AND BASED OUT OF SAN ANTONIO, TEXAS, THE BUSINESS COVERS A 50-MILE RADIUS DELIVERING COMMERCIAL HVA SERVICES THAT INCLUDES HEATING AND COOLING SYSTEMS, COMMERCIAL REFRIGERATION SERVICE AND COMMERCIAL BOILER SERVICES. IT WORKS EXCLUSIVELY WITH COMMERCIAL, INDUSTRIAL AND GOVERNMENT CUSTOMERS AND OFFERS INSTALLATION, MAINTENANCE AND REPAIR SERVICES TO NEARLY ANY HVA SYSTEM. GAF PROVIDED TWO LOANS. THE COMPANY UTILIZED THE FIRST LOAN OF $205,000 TO PURCHASE ADDITIONAL LAND AND AN OUT OF SERVICE FIRE STATION TO HOUSE THE GROWING BUSINESS. THE SECOND LOAN OF $330,000 REFINANCED EXISTING DEBT AND PROVIDED PERMANENT WORKING CAPITAL IN SUPPORT OF ITS OPERATIONS AS A HVAC INSTALLER AND SERVICER. ALL THE BORROWERS ILLUSTRATED ABOVE WERE UNABLE TO SECURE LOANS FROM CONVENTIONAL LENDERS UNDER SIMILAR TERMS AND CONDITIONS. IF GAF WERE UNABLE TO MAKE THE LOANS, EACH OF THE BORROWERS WOULD HAVE BEEN UNABLE TO EXPAND THEIR BUSINESSES AND CREATE JOBS. |
| FORM 990, PART III, LINE 4B CONTINUATION: | THROUGH THESE SERVICES, NDC ACHIEVED FINANCING FOR PROJECTS AND PROGRAMS, WITH GOVERNMENT AND PRIVATE SECTOR FUNDS, IN EXCESS OF $2 BILLION. A SAMPLE OF THE PROJECTS FOR WHICH NDC IS PROVIDING TECHNICAL ASSISTANCE AND TRAINING AROUND THE COUNTRY INCLUDE: - IN 2016, NDC, WORKING WITH THE CITY OF SCRANTON, PA ENTERED A 49-YEAR CONCESSION LEASE TO OPERATE AND IMPROVE THE ON-STREET AND OFF-STREET PARKING ASSETS OF THE CITY. THE CITY OF SCRANTON OPERATED UNDER EXTREME FISCAL CONSTRAINTS FOR THE LAST TWENTY YEARS. THE PARKING CONCESSION WAS PART OF A LARGER PLAN TO RESTRUCTURE THE CITY'S FINANCES AND RETURN THE COMMUNITY TO A SOUND FINANCIAL FOOTING. THE $40 MILLION TAX-EXEMPT FINANCING PROVIDED FUNDS THAT ALLOWED THE CITY TO MEET ITS UNFUNDED PENSION LIABILITY AND REFINANCE EXISTING DEBT. IN 2017 NDC COMMENCED THE REORGANIZATION OF THE OFF-STREET PARKING SYSTEM BY INCLUDING THE STEAM TOWN MALL IN THE PUBLIC PARKING INVENTORY. ALSO, CONSTRUCTION CONTRACTS WERE BID, AND IN 2018, AN AGREEMENT REACHED WITH THE CITY AND THE SPA TO PURCHASE AND INSTALL A NEW ON STREET METER SYSTEM. THE PARKING SYSTEM IS CURRENTLY OPERATING AT A 1.4:1 DCR AND WITH THE NEW ON-STREET REVENUE CONTROL SYSTEM PROJECTED TO COME ON LINE IN LATE 2019, WE ARE HOPEFUL THAT FINANCIAL PERFORMANCE WILL IMPROVE. - IN 2004 UNIVERSITY OF WASHINGTON SCHOOL OF MEDICINE BEGAN RENOVATING THEIR EXISTING BROTMAN BUILDING INTO A STATE-OF-THE-ART BIOMEDICAL RESEARCH FACILITY. THE UNIVERSITY WAS CHALLENGED TO DELIVER THE PROJECT IN A TIMELY AND EFFICIENT MANNER AND ASKED HEDC TO ASSIST BY UNDERTAKING THE MULTI-PHASE PROJECT ON THEIR BEHALF. THE THIRD PHASE IN UW MEDICINE'S SOUTH LAKE UNION CAMPUS CONSISTS OF THREE PHASES. PHASE 3.1 BROKE GROUND IN SUMMER 2011 AND WAS COMPLETED IN 2013. IT INCLUDED THE CONSTRUCTION OF A 138,000 SQUARE-FOOT RESEARCH LABORATORY BUILDING DIRECTLY ACROSS THE STREET FROM THE FIRST AND SECOND PHASES OF THE SOUTH LAKE UNION CAMPUS. THE NEXT PHASE OF THE PROJECT IS WASHINGTON BIOMEDICAL RESEARCH PROPERTIES 3.2 (WBRP 3.2) IS AN EIGHT-STORY, APPROXIMATELY 157,000 SF BIOMEDICAL FACILITY THAT HAS BEEN CONSTRUCTED OVER THE FOUNDATION AND PARKING FROM WBRF 3. THE FINANCING FOR PHASE 3.2 CLOSED IN 2015 AND THE PROJECT WAS COMPLETED IN EARLY SUMMER OF 2018. THE BUILDING IS CURRENTLY BEING COMMISSIONED AND WBRP 3.2 IS BUILDING OUT THE EIGHTH FLOOR WITH DOLLARS SAVED DURING THE CONSTRUCTION PROCESS. THE PHASES I, II, AND III PROVIDE OVER 800,000 GSF OF RESEARCH AND OFFICE SPACE IN SUPPORT OF SCHOOL OF MEDICINE RESEARCH PROGRAMS. - THE CAPITAL ACCESS FUND (CAF), RENAMED NDC MULTI-CULTURAL LENDING, IS A STRATEGIC ALLIANCE OF NDC CILF, THE NATIONAL URBAN LEAGUE AND LOCAL URBAN LEAGUE CHAPTERS TO CREATE ACCESS TO CAPITAL FOR MINORITY COMMUNITIES WHO FACE BARRIERS TO ECONOMIC OPPORTUNITY AND PARTICIPATION IN THE AMERICAN ECONOMY. BUILT UPON A BASE OF FLEXIBLE PATIENT CAPITAL WITH AFFORDABLE INTEREST RATES AND SOUND TECHNICAL ASSISTANCE AND BUSINESS SUPPORT SERVICES, MCL NURTURES MINORITY BUSINESSES INTO SUCCESSFUL BUSINESSES. MANY STUDIES HAVE DOCUMENTED THAT MINORITY OWNED SMALL BUSINESSES EXPERIENCE HIGHER LOAN DENIAL RATES AND PAY HIGHER INTEREST RATES THAN WHITE-OWNED BUSINESSES EVEN AFTER CONTROLLING FOR DIFFERENCES IN CREDITWORTHINESS. BECAUSE OF THESE DENIAL RATES, MINORITY OWNED BUSINESS MUST RELY MORE UPON OWNER'S EQUITY AND LESS ON BANK DEBT. YET, THESE MINORITY BUSINESSES HAVE LESS EQUITY BECAUSE THEIR WEALTH BASE IS SMALLER. AS A RESULT, MINORITY SMALL BUSINESSES LAUNCH WITH LESS TOTAL CAPITALIZATION THAN CONVENTIONAL BUSINESSES. WITH INADEQUATE CAPITALIZATION, THESE BUSINESSES SUFFER A HIGHER FAILURE RATE THAN WHITE-OWNED BUSINESSES. - IN 2018, NDC TRAINING DELIVERED A TOTAL OF 334 DAYS OF TRAINING TO OVER 2,800 STUDENTS DRAWN FROM NONPROFIT COMMUNITY DEVELOPMENT CORPORATIONS, COMMUNITY DEVELOPMENT FINANCE INSTITUTIONS, FEDERAL, STATE AND LOCAL GOVERNMENT, COMMUNITY FOUNDATIONS AND OTHER ORGANIZATIONS WORKING IN ECONOMIC, HOUSING AND COMMUNITY DEVELOPMENT. IN ADDITION TO NDC'S NATIONALLY RECOGNIZED CERTIFICATION TRAINING FOR HOUSING AND ECONOMIC DEVELOPMENT FINANCE PROFESSIONALS, NEW COURSES WERE DEVELOPED ON BEHALF OF THE USDA TO ENHANCE STAFF UNDERWRITING SKILLS FOR CRITICAL RURAL SMALL BUSINESS LENDING, COMMUNITY FACILITIES, INCLUDING HOSPITALS AND PUBLIC SAFETY BUILDINGS. IN ADDITION, NDC DEVELOPED A TRAINING PROGRAM FOR USDA TO TEACH UNDERWRITING AND PROJECT STRUCTURING SKILLS NECESSARY WHEN COMBINING A B&I LOAN GUARANTEE WITH NEW MARKETS TAX CREDITS. THIS COURSE WAS TAUGHT IN BOTH A CLASSROOM SETTING AND VIA WEBINAR. IN 2018, NDC WORKING AGAIN WITH THE CONNECTICUT HOUSING FINANCE AUTHORITY AND THE CONNECTICUT HOUSING AGENCY EXPANDED THE CONNECTICUT HOUSING ACADEMY TO SUPPORT THE SKILLS OF NONPROFITS WORKING TO CREATE AND PRESERVE AFFORDABLE HOUSING IN THE STATE. THE ACADEMY PROVIDES TRAINING AND TECHNICAL ASSISTANCE IN THE CREATION AND PRESERVATION OF AFFORDABLE RENTAL HOUSING TO HOUSING AUTHORITIES, NONPROFIT OWNERS AND DEVELOPERS OF AFFORDABLE HOUSING IN THE STATE. - IN 2018, NDC RAISED CAPITAL FROM SEVERAL FOUNDATION SOURCES TO FUND THE ON-LINING OF OUR ECONOMIC DEVELOPMENT TRAINING. WE ARE STARTING WITH ED101 AND WILL EVENTUALLY OFFER BOTH OUR ECONOMIC DEVELOPMENT AND HOUSING FINANCE CERTIFICATION SERIES ON-LINE. - NDC IS CONTINUING ITS WORK WITH SALT LAKE, SALT LAKE COUNTY AND THE CITY OF OGDEN, ALONG WITH A DIVERSE GROUP OF STAKEHOLDERS IN SALT LAKE'S LOW INCOME COMMUNITIES, ZION AND SYNCHRONY BANKS AND FOUNDATIONS INCLUDING AMERICAN EXPRESS, THE UTAH FOUNDATION, NEIGHBORWORKS, AND MORGAN STANLEY TO CREATE A LOCALLY FOCUSED COMMUNITY DEVELOPMENT CORPORATION WHOSE MISSION IS TO CREATE ECONOMIC OPPORTUNITY FOR LOW INCOME RESIDENTS BY STIMULATING INVESTMENT AND CREATING JOBS FOR THE UNEMPLOYED. NDC HAS BEEN PROVIDING TECHNICAL ASSISTANCE, TRAINING AND CAPACITY BUILDING SERVICES, MAKING SMALL BUSINESS LOANS THROUGH OUR GROW AMERICA FUND AND GREATER SALT LAKE DEVELOPMENT CORPORATION STRUCTURING AFFORDABLE HOUSING PROJECTS, AND OFFERING DEVELOPMENT SERVICES. - THROUGH A CONTINUING PARTNERSHIP WITH NATIONAL COALITIONS LIKE THE NEW MARKETS TAX CREDIT COALITION, OFN, THE CDFI COALITION, THE NATIONAL RURAL HOUSING COALITION, NACEDA AND OTHERS, NDC CAN IDENTIFY AND PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO LOW-INCOME COMMUNITIES ENGAGED IN THE CREATION OF JOBS, AFFORDABLE HOUSING AND PUBLIC INFRASTRUCTURE. |
| FORM 990, PART III, LINE 4C CONTINUATION: | WORKING WITH THE NATIONAL RURAL HOUSING COALITION, RURAL LISC, CDFI'S, NEIGHBORHOOD HOUSING CORPORATIONS AND VARIOUS STATE AFFORDABLE HOUSING COALITIONS, NDC PROVIDES CONTINUING TECHNICAL ASSISTANCE, TRAINING AND FINANCIAL SUPPORT TO RURAL HOUSING ORGANIZATIONS ACROSS THE NATION. THROUGH OUR HOUSING DEVELOPMENT AFFILIATES, NDC HAS DEVELOPED DEVELOPED, FINANCED, OPERATED, AND/OR MANAGED OVER 11,222 UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE LOW-INCOME HOUSING TOTALING $1.7 BILLION OF INVESTMENT IN LOW INCOME COMMUNITIES IN MORE THAN 30 STATES. IN 2018, THROUGH OUR LOW-INCOME HOUSING DEVELOPMENT AND INVESTMENT ACTIVITIES, NDC INVESTED IN 10 PROJECTS CONTAINING 956 UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE HOUSING FOR LOW INCOME PERSONS AND FAMILIES, THE ELDERLY, AND PEOPLE WITH SPECIAL NEEDS. INVESTMENT AND DEVELOPMENT ACTIVITIES TOTALED $66 MILLION. THE FOLLOWING ARE REPRESENTATIVE SAMPLES OF NDC AFFORDABLE HOUSING PROJECTS COMPLETED IN 2018: PATRICIA K APARTMENTS SEATTLE, WA NDC CORPORATE EQUITY FUND MADE AN EQUITY INVESTMENT OF $10,238,174 FOR THIS $15,222,000 SUPPORTIVE HOUSING PROJECT IN SEATTLE, WASHINGTON. THE PROJECT IS PROVIDING PERMANENT SUPPORTIVE HOUSING FOR 52 INDIVIDUALS WITH MENTAL ILLNESSES. IT IS BEING DEVELOPED ALONGSIDE JUDKINS JUNCTION, A 74-UNIT PROJECT FOR LOW-WAGE WORKERS AND FAMILIES, AT THE CORNER OF 23RD AVENUE AND S. JACKSON STREET IN SEATTLE. THE SUPPORTIVE SERVICES WILL BE PROVIDED BY COMMUNITY HOUSE MENTAL HEALTH AGENCY WHICH WAS FOUNDED IN THE EARLY 1960'S. CHNHS HELPS PEOPLE WITH SEVERE AND PERSISTENT MENTAL ILLNESS INCREASE THEIR SOCIAL, VOCATIONAL AND LIFE SKILLS WITH RECOVERY AS THE PROGRAM'S OVERALL GOAL. MCGREGOR SENIOR ASSISTED LIVING EAST CLEVELAND, OH NDC MADE A $3,196,302 EQUITY INVESTMENT IN A 90 UNIT ASSISTED LIVING PROJECT DEVELOPED BY THE MCGREGOR FOUNDATION IN EAST CLEVELAND, OHIO. THIS $19,810,966 PROJECT UNDERTAKEN BY THE MCGREGOR FOUNDATION AS PART OF ITS SENIOR LIVING CAMPUS IS PROVIDING 50-UNITS OF AFFORDABLE ASSISTED LIVING FOR INDIVIDUALS WHOSE INCOME DOES NOT EXCEED 60% OF AREA MEDIAN INCOME FOR THE ELYRIA, OHIO SMSA. THE REMAINING 40-UNITS WILL BE AT MARKET RATE. RENTS FOR INCOME RESTRICTED STUDIOS IS $630 AND MONTH AND THE ONE-BEDROOM UNITS WILL RENT FOR $690 A MONTH. PENDLETON PLACE APARTMENTS MEMPHIS, TN PENDLETON PLACE APARTMENTS IS AN EXISTING RENTAL PROPERTY THAT IS BEING REHABILITATED TO CREATE 120 UNITS OF AFFORDABLE RENTAL HOUSING. BUILT IN 1950, THE PROJECT IS A PROJECT-BASED SECTION 8 FAMILY PROPERTY CONSISTING OF 18 BUILDINGS AND 120 UNITS OF TWO AND THREE-BEDROOM APARTMENTS. PENDLETON PLACE IS IN SOUTH MEMPHIS IN PROXIMITY OF THE CENTRAL BUSINESS DISTRICT AND ALL ESSENTIAL SERVICES. THE FINANCING FOR THIS PROJECT INCLUDES AN INSURED HUD 221(D)(4) MORTGAGE. NDC INVESTED $4,641,015 OF THE $15,900,00 REQUIRED TO COMPLETELY RENOVATE THE BUILDINGS. UPGRADES INCLUDE NEW ROOFS, WINDOWS, SIDING, HVAC SYSTEMS, PLUMBING AND ELECTRICAL UPGRADES, INTERIOR RENOVATIONS INCLUDE NEW KITCHENS AND BATHROOMS, FLOORING AND INTERIOR PAINT. IN ADDITION, THE DEVELOPER IS BUILDING A NEW COMMUNITY CENTER, PLAYGROUND AND PAVILION PICNIC AREA. |
| FORM 990, PART VI, SECTION B, LINE 11B | 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 NDC'S BOARD OF DIRECTORS AND EXECUTIVE EMPLOYEES ARE REQUIRED ANNUALLY TO EXECUTE A CONFLICT OF INTEREST POLICY AND COMPENSATION GUIDELINES ACKNOWLEDGEMENT STATING THAT THEY HAVE RECEIVED, READ AND UNDERSTAND, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY AND COMPENSATION GUIDELINES. THE CONFLICT OF INTEREST POLICY AND COMPENSATION GUIDELINES REQUIRES BOARD MEMBERS AND EXECUTIVE EMPLOYEES TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST IMMEDIATELY. UPON DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, THE CHAIRPERSON OF THE BOARD WILL 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 ANNUAL ACKNOWLEDGEMENT STATEMENT, CONCERNING THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES, ACKNOWLEDGE THAT NDC SHALL REMAIN FAITHFUL TO ITS CHARITABLE PURPOSES. |
| FORM 990, PART VI, SECTION B, LINE 15A | 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 | THE DOCUMENTS ARE AVAILABLE BY REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGES IN FUNDED STATUS OF QUALIFIED PENSION PLAN -631,762. CHANGES IN FUNDED STATUS OF NON-QUALIFIED PENSION PLAN -168,365. |
| FROM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| Software ID: | |
| Software Version: |