Civic Intelligence

Ndc Housing & Economic Development Corporation - Group Return

990 • Fiscal year 2019 • EIN 91-1884698

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileWWW.NDCONLINE.ORG
One Battery Park Plaza No 710New York, NY 10004

(212) 682-1106

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.92x

Higher debt load relative to assets than 90% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

9.69x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Net Margin

15th percentile

-4.5%

Higher net margin than 15% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

18th percentile

$402,678

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Asset Growth

9th percentile

-4.2%

Faster asset growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-22%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$943,943,443

Down $40,956,977 (-4.2%) from 2018

Net Assets

Down

$73,505,290

Down $5,994,375 (-7.5%) from 2018

Liabilities

Down

$870,438,153

Down $34,962,602 (-3.9%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin15th percentile

Revenue

Down

$89,841,904

Down $26,052,362 (-22%) from 2018

Expenses

Up

$93,857,053

Up $4,734,357 (+5.3%) from 2018

Net Income

Down

-$4,015,149

Down $30,786,719 (-115%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5B$1.0B$500M$0-$500MAssets 2010: $1,388,643,760Liabilities 2010: $1,435,689,680Net Assets 2010: -$47,045,9202010Assets 2011: $1,355,392,064Liabilities 2011: $1,401,564,756Net Assets 2011: -$46,172,6922011Assets 2012: $1,271,673,848Liabilities 2012: $1,294,583,770Net Assets 2012: -$22,909,9222012Assets 2013: $1,274,186,183Liabilities 2013: $1,260,682,459Net Assets 2013: $13,503,7242013Assets 2014: $1,220,666,029Liabilities 2014: $1,215,322,198Net Assets 2014: $5,343,8312014Assets 2015: $1,145,379,211Liabilities 2015: $1,110,976,891Net Assets 2015: $34,402,3202015Assets 2016: $1,089,149,724Liabilities 2016: $1,040,947,094Net Assets 2016: $48,202,6302016Assets 2017: $1,023,650,757Liabilities 2017: $971,860,779Net Assets 2017: $51,789,9782017Assets 2018: $984,900,420Liabilities 2018: $905,400,755Net Assets 2018: $79,499,6652018Assets 2019: $943,943,443Liabilities 2019: $870,438,153Net Assets 2019: $73,505,2902019Assets 2020: $1,012,755,346Liabilities 2020: $939,242,041Net Assets 2020: $73,513,3052020Assets 2021: $914,444,452Liabilities 2021: $814,805,317Net Assets 2021: $99,639,1352021Assets 2022: $906,903,124Liabilities 2022: $791,875,336Net Assets 2022: $115,027,7882022Assets 2023: $910,447,137Liabilities 2023: $803,924,369Net Assets 2023: $106,522,7682023Assets 2024: $818,576,438Liabilities 2024: $707,192,583Net Assets 2024: $111,383,8552024

Highlighted filing

2019

Assets$943,943,443
Liabilities$870,438,153
Net Assets$73,505,290
Open 2019 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$100M$0-$100MRevenue 2010: $91,347,372Expenses 2010: $102,571,797Net Income 2010: -$11,224,4252010Revenue 2011: $111,544,735Expenses 2011: $109,433,573Net Income 2011: $2,111,1622011Revenue 2012: $139,227,606Expenses 2012: $123,443,345Net Income 2012: $15,784,2612012Revenue 2013: $167,833,366Expenses 2013: $132,396,387Net Income 2013: $35,436,9792013Revenue 2014: $81,470,631Expenses 2014: $102,759,753Net Income 2014: -$21,289,1222014Revenue 2015: $75,150,583Expenses 2015: $99,765,709Net Income 2015: -$24,615,1262015Revenue 2016: $97,463,969Expenses 2016: $97,518,385Net Income 2016: -$54,4162016Revenue 2017: $91,751,944Expenses 2017: $91,122,002Net Income 2017: $629,9422017Revenue 2018: $115,894,266Expenses 2018: $89,122,696Net Income 2018: $26,771,5702018Revenue 2019: $89,841,904Expenses 2019: $93,857,053Net Income 2019: -$4,015,1492019Revenue 2020: $193,664,154Expenses 2020: $194,926,982Net Income 2020: -$1,262,8282020Revenue 2021: $129,829,382Expenses 2021: $104,120,358Net Income 2021: $25,709,0242021Revenue 2022: $115,628,960Expenses 2022: $100,738,505Net Income 2022: $14,890,4552022Revenue 2023: $101,514,941Expenses 2023: $110,028,793Net Income 2023: -$8,513,8522023Revenue 2024: $113,153,472Expenses 2024: $110,899,750Net Income 2024: $2,253,7222024

Highlighted filing

2019

Revenue$89,841,904
Expenses$93,857,053
Net Income-$4,015,149
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$90,831,247
Mission and Program Overview

Mission

Ndc housing and economic development corporation was organized for the following charitable purposes:a. To construct new low income housing and to develop, manage, operate, promote, fund, and support existing low (cont. On schedule o)

Ndc housing & economic development corporation's mission is to create (cont. On schedule o) quality affordable housing for the disadvantaged, to stimulate economic development and create jobs in low income areas and to erect public buildings to lessen the burdens of government and promote social welfare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$449,116,285$438,911,780▼ $10,204,505
Investments Program Related$430,036,860$413,659,560▼ $16,377,300
Savings and Temporary Cash Investments$43,894,516$34,199,061▼ $9,695,455
Other Notes and Loans Receivable, Net$13,818,817$10,889,224▼ $2,929,593
Cash and Non-Interest-Bearing Accounts$8,456,186$7,730,198▼ $725,988
Intangible Assets$4,747,254$4,392,191▼ $355,063
Prepaid Expenses and Deferred Charges$2,033,706$2,207,265▲ $173,559
Accounts Receivable$344,800$803,752▲ $458,952
Pledges and Grants Receivable-$300,000-
Total Assets$984,900,420$943,943,443▼ $40,956,977
Other Assets Total$32,451,996$30,850,412▼ $1,601,584
Liabilities
Tax Exempt Bond Liabilities$721,663,773$692,551,248▼ $29,112,525
Mortgage Notes Payable Secured by Investment Property$125,770,000$119,720,000▼ $6,050,000
Other Liabilities$38,100,839$36,436,925▼ $1,663,914
Accounts Payable and Accrued Expenses$16,558,925$16,156,417▼ $402,508
Unsecured Notes Loans Payable$1,901,293$2,901,293▲ $1,000,000
Deferred Revenue$1,305,925$2,672,270▲ $1,366,345
Grants Payable$100,000--
Total Liabilities$905,400,755$870,438,153▼ $34,962,602
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$79,499,665$73,505,290▼ $5,994,375
Total Net Assets Fund Balance$79,499,665$73,505,290▼ $5,994,375
Total Liabilities and Net Assets / Fund Balance$984,900,420$943,943,443▼ $40,956,977

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$406,254,626$174,592,440$580,847,066
Equipment$20,473,602$2,175,123$22,648,725
Land$11,755,000-$11,755,000
Leasehold Improvements$428,552$6,807,809$7,236,361
Investment Program Related Org$457,371--
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Jennie VertreesSecretaryFT$146,882$146,882
Ingrid NardoniOutgoing Board Member-$120,793$120,793

Board Members and Trustees

NameTitle
Angela Butler-zenonBoard Member
Brendan MehaffyBoard Member
Byron BrownBoard Member
Charley DepewBoard Member
David J TrevisaniBoard Member
Gertrude ScrivenBoard Member
Jessica EzraBoard Member
Joanna ChenBoard Member
John PalyoBoard Member
Kevin GremseBoard Member
Michael GriffinBoard Member
Roseann NovembrinoBoard Member
Stephanie DuganBoard Member
Steven ThayerBoard Member
Svante MyrickBoard Member
Thomas GibneyBoard Member
Wayne EvansBoard Member
Adam EnnisBoard Member/CFO
Joseph WechslerOutgoing Board Member
William L CourtrightOutgoing Board Member
Ann VogtOutgoing Sec/tres/board Member
Daniel Marsh IiiPres/board Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Bgis Global Integrated Solutions US LLCProperty Management210 S HUDSON ST STE 380, Seattle, WA 98134$3,569,498
Sbm Management Services LPJanitorial5241 ARNOLD AVENUE, Mcclellan, CA 95652$1,069,714
Nextstreet Financial LLCProgram Management184 DUDLEY ST, Roxbury, MA 02119$430,308
Star Protection Agency LLCSecurity875 124TH AVENUE NE STE 101, Bellevue, WA 98005$414,549
Cushman & WakefieldProperty Management5510 LINCOLN BLVD STE 175, Playa Vista, CA 90094$211,905
Revenue and Support

Revenue Composition

Contributions and Grants
$2,132,754
Program Service Revenue
$76,832,699
Investment Income
$-957,814
Other Revenue
$11,834,265
All Other Contributions
$1,372,254
Change in Net Assets
$-4,015,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,607,053
Grants and Similar Amounts Paid$1,250,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$39,407,888--$39,407,888
Depreciation Depletion$23,254,275--$23,254,275
Occupancy$10,020,162--$10,020,162
Fees for Services Management$1,448,373$2,338,087-$3,786,460
Other Expenses$1,795,432$8,975-$1,804,407
Grants to Domestic Orgs$1,250,000--$1,250,000
Insurance$945,627--$945,627
Fees for Services Other$10,594$681,152-$691,746
Travel$106,380--$106,380
Total Functional Expenses$88,928,978$4,928,075$0$93,857,053
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ndc Housing and Economic Development CorpNew York, NY501(c)(3)OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T)$1,250,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bond Premium$13,567,245
Due to Third Parties$6,842,891
Investment Liabilities in Projects$5,351,802
Lease Liabilities$5,044,794
Advances Payable$2,321,781
Construction Funds Payable$1,648,667
Prepaid Rent$1,613,346
Security Deposits$41,531
Loan Servicing Liability$4,868

Bond Issues

BondIssuerIssuedIssue PricePurpose
BFyi Properties2009-08-13$305,810,000CONSTRUCTION
BFyi Properties2019-03-05$227,875,000REFUNDING
BNjb Properties2006-12-05$179,285,000CONSTRUCTION
AWashington Economic Dev Fin Auth2014-07-24$109,205,000REFUNDING
AWbrp 322015-10-07$107,615,000CONSTRUCTION
ACob Properties2014-07-11$49,625,000CONSTRUCTION
CCdp Los Angeles County2011-05-26$43,710,000CONSTRUCTION
CTop2014-06-26$43,435,000CONSTRUCTION
AScranton-lackawana Hlth & Welf Auth (cdp Scranton)2016-08-30$36,126,671Acquire leasehold interest
DWashington Economic Dev Fin Auth2013-12-11$28,995,000REFUNDING
DCommunity Properties Alaska Inc2012-12-19$25,070,000CONSTRUCTION
BCity of Newburgh Ind Dev Agency2005-11-17$21,230,000CONSTRUCTION
DTompkins County Ida2003-12-01$19,035,000CONSTRUCTION
CWash St Housing Finance Comm2015-09-29$15,740,000REFUNDING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$305,810,000-$305,810,000$4,398,514
B$227,875,000-$2,485,000$341,665
B$179,285,000-$4,475,000$2,136,771
A$109,205,000$1,031,227$28,190,000$971,767
A$107,615,000-$2,420,000$1,613,002
A$49,625,000-$4,565,000$1,020,679
C$43,710,000-$11,005,000$1,271,507
C$43,435,000-$10,020,000$239,100
A$36,126,671-$328,041$3,145,683
D$28,995,000-$9,195,000$405,166
D$25,070,000-$2,480,000$544,205
B$21,230,000$30,362$9,025,000$372,076
D$19,035,000-$8,030,000$1,285,687
C$15,740,000$28,589,834$975,000$82,419

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Ann vogt & ingrid nardoni, outgoing board members, have a family relationship.”

Form 990, Part VI, Section A, Line 6

“National development council is the sole voting member of ndc housing & economic development corporation.”

Form 990, Part VI, Section A, Line 7A

“National development council is the sole voting member of ndc housing & economic development corporation and has the power to elect and remove directors.”

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 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 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 C, Line 19

“The documents are available by request.”

Filing and Contact Details

Filer

Filer Name
Ndc Housing & Economic Development
EIN
91-1884698
Phone
2126821106
Address
ONE BATTERY PARK PLAZA NO 710, NEW YORK, NY 10004

Signing Officer

Name
Daniel Marsh Iii
Title
President
Phone
2126821106
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Marsh Iii
Formed
1988
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
9
Employees
0
Volunteers
6

Preparer

Firm
Cohnreznick Llp
Address
1301 AVENUE OF THE AMERICAS, NEW YORK, NY 10019
Preparer
Lori Rothe Yokobosky CPA
Phone
2122970400
Supplemental Narrative

Additional Explanations

FORM 990, PART IV, LINE 12B:

“This return has been prepared based on all available information at the time of filing. It is also based on unaudited financial statements. If any significant differences arise after this filing, this return will be amended to properly reflect the additional information.”

Raw XML AppendixShowing 400 of 1,751 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt016558925
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt016156417
IRS990/AccountsReceivableGrp/BOYAmt0344800
IRS990/AccountsReceivableGrp/EOYAmt0803752
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION'S MISSION IS TO CREATE (CONT. ON SCHEDULE O) QUALITY AFFORDABLE HOUSING FOR THE DISADVANTAGED, TO STIMULATE ECONOMIC DEVELOPMENT AND CREATE JOBS IN LOW INCOME AREAS AND TO ERECT PUBLIC BUILDINGS TO LESSEN THE BURDENS OF GOVERNMENT AND PROMOTE SOCIAL WELFARE.
IRS990/AllAffiliatesIncludedInd01
IRS990/AllOtherContributionsAmt01372254
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ADAM ENNIS
IRS990/BooksInCareOfDetail/PhoneNum02126821106
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0ONE BATTERY PARK PLAZA SUITE 710
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010004
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt08456186
IRS990/CashNonInterestBearingGrp/EOYAmt07730198
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt08
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt03569498
IRS990/ContractorCompensationGrp/CompensationAmt11069714
IRS990/ContractorCompensationGrp/CompensationAmt2430308
IRS990/ContractorCompensationGrp/CompensationAmt3414549
IRS990/ContractorCompensationGrp/CompensationAmt4211905
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0210 S HUDSON ST STE 380
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt15241 ARNOLD AVENUE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2184 DUDLEY ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3875 124TH AVENUE NE STE 101
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt45510 LINCOLN BLVD STE 175
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SEATTLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1MCCLELLAN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2ROXBURY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3BELLEVUE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4PLAYA VISTA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0WA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3WA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd098134
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd195652
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd202119
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd398005
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd490094
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0BGIS GLOBAL INTEGRATED SOLUTIONS US LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1SBM MANAGEMENT SERVICES LP
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2NEXTSTREET FINANCIAL LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3STAR PROTECTION AGENCY LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4CUSHMAN & WAKEFIELD
IRS990/ContractorCompensationGrp/ServicesDesc0PROPERTY MANAGEMENT
IRS990/ContractorCompensationGrp/ServicesDesc1JANITORIAL
IRS990/ContractorCompensationGrp/ServicesDesc2PROGRAM MANAGEMENT
IRS990/ContractorCompensationGrp/ServicesDesc3SECURITY
IRS990/ContractorCompensationGrp/ServicesDesc4PROPERTY MANAGEMENT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02132754
IRS990/CYGrantsAndSimilarPaidAmt01250000
IRS990/CYInvestmentIncomeAmt0-957814
IRS990/CYOtherExpensesAmt092607053
IRS990/CYOtherRevenueAmt011834265
IRS990/CYProgramServiceRevenueAmt076832699
IRS990/CYRevenuesLessExpensesAmt0-4015149
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt093857053
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt089841904
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01305925
IRS990/DeferredRevenueGrp/EOYAmt02672270
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt023254275
IRS990/DepreciationDepletionGrp/TotalAmt023254275
IRS990/Desc0LESSENING THE BURDENS OF GOVERNMENT:TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS, FACILITIES, OR WORKS TO LESSEN THE BURDEN OF GOVERNMENT AND TO PROMOTE SOCIAL WELFARE.HEDC ALSO PARTNERS WITH UNITS OF LOCAL GOVERNMENT TO ERECT AND MAINTAIN PUBLIC BUILDINGS, MONUMENTS, FACILITIES, AND WORKS TO "LESSEN THE BURDEN OF GOVERNMENT AND TO PROMOTE SOCIAL WELFARE. IN TOTAL, HEDC HAS DEVELOPED AND FINANCED MORE THAN THIRTY-ONE PROPERTIES COSTING MORE THAN $2.5 BILLION ON BEHALF OF LOCAL GOVERNMENT INCLUDING PUBLIC BUILDINGS AND CITY HALLS, EDUCATIONAL AND MEDICAL RESEARCH FACILITIES, STUDENT HOUSING, PARKING FACILITIES AND OTHER (CONT. ON SCHEDULE O) PUBLIC INFRASTRUCTURE. DURING 2019, HEDC UNDERTOOK THE FOLLOWING PROJECTS UNDER THE MISSION OF LESSENING THE BURDENS OF GOVERNMENT. STATE OF WASHINGTON DATA PROCESSING CENTER (FYI)- OLYMPIA, WA IN 2008, HEDC THROUGH A SPECIAL PURPOSE ENTITY FINANCED AND BUILT A FACILITY FOR THE STATE OF WASHINGTON THAT HOUSES ADMINISTRATIVE OFFICES AND THE STATES DATA PROCESSING CENTER. THE PROJECT CONSISTED OF TWO BUILDINGS THAT ARE OCCUPIED BY STATE AGENCIES. BUILDING ONE IS A FIVE-STORY 202,000 SQUARE FOOT OFFICE BUILDING THAT HOUSES VARIOUS STATE OFFICES AND THE BUILDING TWO IS A TWO STORY 167,000 SQUARE FOOT FACILITY THAT HOUSES THE STATE'S DEPARTMENT OF INFORMATION SERVICES. THE TOTAL COST OF THE PROJECT WAS $376,000,000 AND WAS FINANCED WITH 82-26 TAX EXEMPT BONDS.IN 2019, HEDC REFUNDED THE BONDS TO LOWER THE INTEREST RATE AND THEREBY SIGNIFICANTLY REDUCED THE RENT PAID TO FYI BY THE STATE OF WASHINGTON. COMMUNITY DEVELOPMENT PROPERTIES SCRANTON- SCRANTON, PAIN 2016 HEDC WORKING WITH THE CITY OF SCRANTON SUCCESSFULLY NEGOTIATED A LONG-TERM CONCESSION/LEASE FOR THE CITY OF SCRANTON PARKING SYSTEM, WHICH INCLUDED: 1) FIVE PARKING GARAGES CONTAINING 2,659 SPACES AND APPROXIMATELY 36,000 SF OF RETAIL; 2) 1,479 METERED PARKING SPACES; AND 3) 550 PUBLICLY-LEASED PARKING SPACES. HEDC ASSUMED RESPONSIBILITY FOR THE LEASE, OPERATION, MAINTENANCE AND CAPITAL REPAIR OF THE ENTIRETY OF THE PUBLIC PARKING SYSTEM FOR FORTY YEARS THROUGH ONE OF ITS' SUBSIDIARY CORPORATIONS CDP SCRANTON (CDPS). THE CONSIDERATION AMOUNT GENERATED BY A CONCESSIONAIRE/LEASE AGREEMENT WAS USED BY THE CITY, IN COMBINATION WITH PROCEEDS FROM A GENERAL OBLIGATION ISSUANCE, REDEEM ALL OUTSTANDING DEBT ASSOCIATED WITH THE PARKING AUTHORITY. THIS ALLOWED THE CITY TO BE FREE OF THE ON-GOING LIABILITY AND HAS FREED UP MUNICIPAL REVENUES FOR OTHER CRITICAL NEEDS AND OBLIGATIONS. IN 2017 CDPS CONTINUED ITS WORK WITH THE CITY TO UPGRADE THE GARAGES WITH ENHANCED LIGHTING AND TO IDENTIFY A NEW ON STREET PARKING SYSTEM. IN 2018, CDPS STABILIZED THE FORMERLY BANKRUPT PARKING SYSTEM WHICH IS NOW OPERATING AT A 1.4:1 DEBT COVERAGE RATIO. ADDITIONALLY, CDPS CONTRACTED WITH A FIRM TO DESIGN A NEW AUTOMATED ON-STREET REVENUE COLLECTION SYSTEM THAT WHEN INSTALLED, WILL IMPROVE REVENUE COLLECTION, OPERATING EFFICIENCY AND THE OVERALL CUSTOMER PARKING EXPERIENCE. THE NEW ON-STREET REVENUE CONTROL SYSTEM WAS INSTALLED IN 2019. IN ADDITION, THE CONTRACTS FOR GARAGE RECONSTRUCTION WERE LET AND WORK COMMENCED ON THE DEMOLITION AND IMPROVEMENT OF SELECTED GARAGES. THESE EFFORTS WILL PROVE TO FURTHER THE CITY'S PLAN TO CONTINUE THE REVITALIZATION OF DOWNTOWN SCRANTON.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt085909641
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt02338087
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt01448373
IRS990/FeesForServicesManagementGrp/TotalAmt03786460
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0681152
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt010594
IRS990/FeesForServicesOtherGrp/TotalAmt0691746
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt039.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt143.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt248.90
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt348.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt450.60
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt529.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt649.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt747.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt842.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt949.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1049.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1149.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt011.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt17.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt26.60
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt720.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt128.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt160.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt180.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt190.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt200.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt220.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2336.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd22X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt059420
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt174015
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt258952
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt570013
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt697682
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt767075
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt845436
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt930446
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1262837
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1465590
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1573008
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1757444
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2355628
IRS990/Form990PartVIISectionAGrp/PersonNm0ADAM ENNIS
IRS990/Form990PartVIISectionAGrp/PersonNm1ANGELA BUTLER-ZENON
IRS990/Form990PartVIISectionAGrp/PersonNm2ANN VOGT
IRS990/Form990PartVIISectionAGrp/PersonNm3BRENDAN MEHAFFY
IRS990/Form990PartVIISectionAGrp/PersonNm4BYRON BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm5CHARLEY DEPEW
IRS990/Form990PartVIISectionAGrp/PersonNm6DANIEL MARSH III
IRS990/Form990PartVIISectionAGrp/PersonNm7DAVID J TREVISANI
IRS990/Form990PartVIISectionAGrp/PersonNm8GERTRUDE SCRIVEN
IRS990/Form990PartVIISectionAGrp/PersonNm9INGRID NARDONI
IRS990/Form990PartVIISectionAGrp/PersonNm10JESSICA EZRA
IRS990/Form990PartVIISectionAGrp/PersonNm11JOANNA CHEN
IRS990/Form990PartVIISectionAGrp/PersonNm12JOHN PALYO
IRS990/Form990PartVIISectionAGrp/PersonNm13JOSEPH WECHSLER
IRS990/Form990PartVIISectionAGrp/PersonNm14KEVIN GREMSE
IRS990/Form990PartVIISectionAGrp/PersonNm15MICHAEL GRIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm16ROSEANN NOVEMBRINO
IRS990/Form990PartVIISectionAGrp/PersonNm17STEPHANIE DUGAN
IRS990/Form990PartVIISectionAGrp/PersonNm18STEVEN THAYER
IRS990/Form990PartVIISectionAGrp/PersonNm19SVANTE MYRICK
IRS990/Form990PartVIISectionAGrp/PersonNm20THOMAS GIBNEY
IRS990/Form990PartVIISectionAGrp/PersonNm21WAYNE EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm22WILLIAM L COURTRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm23JENNIE VERTREES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0182060
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1177282
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2302341
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5185042
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6304996
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7185310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8180883
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt990347
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12215703
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14188420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15232988
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17189990
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2391254
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2OUTGOING SEC/TRES/BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRES/BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9OUTGOING BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13OUTGOING BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22OUTGOING BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-989343
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsPayableGrp/BOYAmt0100000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01250000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01250000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt090831247
IRS990/GroupExemptionNum09219
IRS990/GroupReturnForAffiliatesInd01
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0945627
IRS990/InsuranceGrp/TotalAmt0945627
IRS990/IntangibleAssetsGrp/BOYAmt04747254
IRS990/IntangibleAssetsGrp/EOYAmt04392191
IRS990/InterestGrp/ProgramServicesAmt039407888
IRS990/InterestGrp/TotalAmt039407888
IRS990/InvestmentIncomeGrp/ExclusionAmt031529
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt031529
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0430036860
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0413659560
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0183575372
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0449116285
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0438911780
IRS990/LandBldgEquipCostOrOtherBssAmt0622487152
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0989343
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt054640
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt05150619
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt05205259
IRS990/MissionDesc0NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE FOLLOWING CHARITABLE PURPOSES: TO CONSTRUCT NEW AND SUPPORT EXISTING SAFE AND ADEQUATE LOW-INCOME HOUSING FOR DISADVANTAGED PERSONS; THEREBY ASSISTING GENERALLY IN THE ALLEVIATION (CONT. ON SCHEDULE O) OF HOUSING SHORTAGES THROUGHOUT THE UNITED STATES; TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OF THE COUNTRY; AND TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS OR FACILITIES; TO LESSEN THE BURDENS OF GOVERNMENT; AND TO PROMOTE SOCIAL WELFARE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0125770000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0119720000
IRS990/NetAssetsOrFundBalancesBOYAmt079499665
IRS990/NetAssetsOrFundBalancesEOYAmt073505290
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-989343
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-989343
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0228137
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt079499665
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt073505290
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt010020162
IRS990/OccupancyGrp/TotalAmt010020162
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd01
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt032451996
IRS990/OtherAssetsTotalGrp/EOYAmt030850412
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OPERATING & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE EXPENSES
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01899861
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18975
IRS990/OtherExpensesGrp/ProgramServicesAmt010690247
IRS990/OtherExpensesGrp/ProgramServicesAmt11795432
IRS990/OtherExpensesGrp/TotalAmt010690247
IRS990/OtherExpensesGrp/TotalAmt11899861
IRS990/OtherExpensesGrp/TotalAmt21804407
IRS990/OtherLiabilitiesGrp/BOYAmt038100839
IRS990/OtherLiabilitiesGrp/EOYAmt036436925
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0PARKING INCOME
IRS990/OtherRevenueMiscGrp/Desc1TREASURY REBATES
IRS990/OtherRevenueMiscGrp/Desc2MANAGEMENT FEE INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt02459613
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04063843
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1105550
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04063843
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12459613
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2105550
IRS990/OtherRevenueTotalAmt011834265
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt013818817
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt010889224
IRS990/PartialLiquidationInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$943,943,443
Liabilities
$870,438,153
Net assets
$73,505,290
Revenue
$89,841,904
Expenses
$93,857,053
Net income
-$4,015,149
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$819$707$111$113$111$2.25
2023Detailed filing. Detailed filing data is available for this year.$910$804$107$102$110$8.51
2022Detailed filing. Detailed filing data is available for this year.$907$792$115$116$101$14.9
2021Detailed filing. Detailed filing data is available for this year.$914$815$99.6$130$104$25.7
2020Detailed filing. Detailed filing data is available for this year.$1,013$939$73.5$194$195$1.26
2019Detailed filing. Detailed filing data is available for this year.$944$870$73.5$89.8$93.9$4.02
2018Detailed filing. Detailed filing data is available for this year.$985$905$79.5$116$89.1$26.8
2017Detailed filing. Detailed filing data is available for this year.$1,024$972$51.8$91.8$91.1$0.63
2016Detailed filing. Detailed filing data is available for this year.$1,089$1,041$48.2$97.5$97.5$0.05
2015Detailed filing. Detailed filing data is available for this year.$1,145$1,111$34.4$75.2$99.8$24.6
2014Summary only. Only limited summary data is available for this year.$1,221$1,215$5.34$81.5$103$21.3
2013Summary only. Only limited summary data is available for this year.$1,274$1,261$13.5$168$132$35.4
2012Summary only. Only limited summary data is available for this year.$1,272$1,295$22.9$139$123$15.8
2011Summary only. Only limited summary data is available for this year.$1,355$1,402$46.2$112$109$2.11
2010Summary only. Only limited summary data is available for this year.$1,389$1,436$47.0$91.3$103$11.2