National Council for Community Development Inc.

“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.”

“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.”

“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.”

“The documents are available by request.”

“- 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 ser”

“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.”

“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.”

“Changes in funded status of qualified pension plan -631,762. Changes in funded status of non-qualified pension plan -168,365.”

“The process has not changed from the prior year.”