990 Retur f Organization Exempt Frorr come Tax990 Department of the Treasury Internal Revenue...
Transcript of 990 Retur f Organization Exempt Frorr come Tax990 Department of the Treasury Internal Revenue...
990Department of the TreasuryInternal Revenue Service
Retur f Organization Exempt Frorr come TaxUnder section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung
benefit trust or private foundation)
¯ The organization may have to use a copy of this return to satisfy state reporting requirements.A For the 2011 calendar year, or tax year beginning ,2011, and ending ,20
OMB No. 1545-0047
B Check if app~cable:
Address
Name change
Initial return
TerminatedAmendedreturnApplicationpending
C Name of organization
CORPORATION FOR SUPPORTIVE HOUSING
Doing Business As
Number and street (or P.O. box if mail is not delivered to street address)
50 BROADWAYCity or town, state or country, and ZIP + 4
NEW YORK, NY 10004
Room/suite
17TH FL
F Name and address of pdncipal officer: DEBORAH DE SANTIS
50 ROAD AY N ,W YORK, NY 10004’ Tax-exempt status: I Xt501(c)(3) I I~01<c)( ) ~ (insertno.) I I 4947(a)(1)or I t527
J Website: ¯ WWW. CSH. ORG
D Employer identification number
13-3600232
E Telephone number
(212) 986-2966
G Gross receipts $ 34,146,969.
H(a) Is this agroup return for I I Yes IXl Noaffiliates? ~
H(b) Are all affiliates included? I I Yes No
If "No," attach a list. (see instructions)
H(c) Group exemption number ¯
I~.riil SummaryIL Year of formation: 19911M State of legal domicile: DE
1 Briefly describe the organization’s mission or most significant activities:SEE ATTACHMENT 1
89
101112
2 Check this box ¯ [] if the organization discontinued its operations or disposed of more than 25% of its net assets.3 Number of voting members of the governing body (Part VI, line la) ........................ 3
4 Number of independent voting members of the governing body (Part VI, line lb) .................. 4
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) .................... 5
6 Total number of volunteers (estimate if necessary) ................................6
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........................ 7a
b Net unrelated business taxable income from Form 990-T, line 34 ......................... 17 bPrior Year
Contributions and grants (Part Viii, line lh) ......................... 14,651,311
Program service revenue (Part VIII, line 2g) ......................... 8,5 97,511
Investment income (Part VIII, column (A), lines 3, 4, and 7d) .................Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 1 le) ............Total revenue - add lines 8 through 11 (must equal Part VIII, column (A), line 12) .......
13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) ...............14 Benefits paid to or for members (Part IX, column (A), line 4) .................15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) .......16a Professional fundraising fees (Part IX, column (A), line 1 le) .................
b Total fundraising e~penses (Part IX, column (D), line 25) ¯ 1,119, 2 62.
17 Other expenses (Part IX, column (A), lines 11a-1 ld, 11f-24e) ................18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) ..........19 Revenue less expenses. Subtract line 18 from line 12 ....................
20 Total assets (Part X, line 16) ................................21 Total liabilities (Part X, line 26) ...............................22 Net assets or fund balances. Subtract line 21 from line 20 ..................
1,061,981
15.
14.
113.
0
0
0
Current Year10,323,592
9,441,716
-260,822
307,048 382,526
24,617,851 19,887,012
2,988,788 2,731,288
9,507,504
5,935,105.
18,431,397.
6,186,454.
Beginning of Current Year
78,510,070.
44,897,985
33,612,085.i
0
10,268,442.
7,864,304.
20,864,034.
-977,022.
End of Year
79,630,136.
46,440,111.
33,190,025.
iill Signature BlockUnder penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true,correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
SignHere
PaidPreparerUse Only
Signature of officer
~’ Type or print name and title
Print]Type prepareds name
¯ EISNERAMPER LLPFirm’s name
D ate
self-employedI P00736879
IFirm’sEIN I~ 13-1639826
Phone no. 212-949-8700
....... I XlYesFirm’s address ¯ 750 THIRD AVENUE NEW YORK, NY 10017-2703
May the IRS discuss this return with the preparer shown above? (see instructions)
For Paperwork Reduction Act Notice, see the separate instructions.JSA
1E1010 1.00038960Y LI61 10/3/2012 8:38:07 AM V ii-6 300748
Form 990 (2011)
PAGE 2
Form 88~8 (Rev. 1-2012) Page 2* If yOU are filing for an Additional (Not Automatic) 3-Month Extension, complete only Part II and check this box ........ ¯ X~Note. Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868.¯ If you are filing for an Automatic 3-Month Extension, complete onl)~ Part I (on page 1).I~’,~,|l| Additional (Not Automatic) 3-Month Extension of Time. Only file the original (no copies needed).
Type orprint
File by thedue date forfiling yourreturn. Seeinstructions.
Name of exempt organization or other filer, see instructions.
CORPORATION FOR SUPPORTIVE HOUSINGNumber, street, androomorsuEeno, lfaP.O, bo~seeinstru~ions.50 BROADWAY
City, townorpostoffice, state, andZIP ~de. Foraforeignaddress, seeins~uctions.NEW YORK, NY 10004
Enter flier’s identifying number, see instructionsEmployer identification number (EIN) or
13-3600232~~Social security number (SEN)
Enter the Return code for the return that this application is forApplication Returnis For CodeForm 990 01Form 990-BL 02Form 990-EZ 01Form 990-PF
Is For
Form 1041-A
Form 990-T (sec. 401(a) or 408(a) trust)Form 990-T (trust other than above)
separate application for each return) ............ I 0t 11Application Return
Code
O8Form 4720 O9
04 Form 5227 1005 Form 6069 1 t06 Form 8870 1 2
STOP! Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868.
¯ The books are in the care of ¯ DAVID PROVOSTTelephoneNo. m 212 986-2966 FAXNo.¯ 212 986-6552
¯ If the organization does not have an office or place of business in the United States, check this box ............... ¯ []¯ If this is for a Group Return, enter the organization’s four digit Group Exemption Number (GEN) . If this isfor the whole group, check this box ...... ¯ [] . If it is for part of the group, check this box ....... ¯ L__] and attach a
list with the names and EINs of all members the extension is for.4 1 request an additional 3-month extension of time until 11/15 , 20 12
5 For calendar year 2 011, or other tax year beginning ,20 , and ending6 If the tax year entered in line 5 is for less than 12 months, check reason: ~al return L_J Final return
~---~ Change in accounting period
7 State in detail why you need the extension TdFO?d~.ATZOd NECESSARY TO PRE£ARE A CONPLF, T~’, AdDACCURATE RETURN IS NOT YET AVAILABLE.
,2O
8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less anynonrefundable credits. See instructions. iBa $If this application is for Form 990-PF,estimated tax payments made. Includeamount paid previously with Form 8868.
990-T, 4720, or 6069, enter any refundable credits and I~any prior year overpayment allowed as a credit and any~ ....
!8b $c Balance Due. Subtract line 8b from line 8a. Include your payment with this form, if required, by using EFIPS,
(Electronic Federal Tax Payment System). See instructions. 8c $Signature and Verification must be completed for Part I1 only.
Under penalties of periury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief,it is true, correct, and complete, and that I am authorized to prepare this form.
Form 8868 (Rev. 1-2012)
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Fo 8868(Rev. January 2012)
Department of the TreasuryInternal Revenue Service
App] Fation for Extension of TimeExempt Organization Return
¯ File a separate application for each return.
arl
OMB No. 1545-1709
¯ If you are filing for an Automatic 3-Month Extension, complete only Part I and check this box ................. ¯ ~¯ If you are filing for an Additional (Not Automatic) 3-Month Extension, complete only Part II (on page 2 of this form).Do not complete Part fl unless you have already been granted an automatic 3-month extension on a previously filed Form 8868.
Electronic filing (e-file). You can electronically file Form 8868 if you need a 3-month automatic extension of time to rite (6 months fora corporation required to file Form 990-T), or an additional (not automatic) 3-month extension of time. You can electronically file Form8868 to request an extension of time to file any of the forms listed in Part I or Part II with the exception of Form 8870, InformationReturn for Transfers Associated With Certain Personal Benefit Contracts, which must be sent to the InS in paper format (seeinstructions). For more details on the electronic filing of this form, visit www.irs.gov/efile and click on e-file for Charities & Nonprofits.|a~’~|| Automatic 3-Month Extension of Time. Only submit original (no copies needed).A corporation required to file Form 990-T and requesting an automatic 6-month extension - check this box and completePart I only ................................................................. ¯All other corporations (including 1"/20-C fliers), partnerships, REMICs, and trusts must use Form 7004 to request an extension of timeto file income tax retums. Enter flier’s identifying number, see instructions
Type orprintFile by thedue date forfiling yourreturn. Seeinstructions.
Name of exempt organization or o~er filer, see instructions.
CORPORATION FOR SUPPORTIVE HOUSINGNumber, s[ree[, and room or suite no. If a P.O. box, see instructions.50 BROADWAY
City, town or post office, state, and ZIP code. For a foreign address, see instructions.
NEW YORK, N¥ 10004
13-3600232
Social security number (SSN)
Employer identification number (EIN) or
Enter the Return code for the return that this application is for (file a separate application for each return) ............ ~
Application Return Application ReturnIs For Code Is For CodeForm 990 01 07Form 990-T (corporation)
Form 1041-AForm 990-BL 02 08Form 990-EZ 01 Form 4720 09Form 990-PF O4
0506
Form 990-T (sec. 401 (a) or 408(a) trust)Form 990-T (trust other than above)
Form 5227 10Form 6069 11Form 8870 12
¯ The books are in the care of ¯ DAVID PROVOST
TetephoneNo. l~ 212 986-2966 FAXNo.¯ 212 986-6552¯ If the organization does not have an office or place of business in the United States, check this box ...............¯ If this is for a Group Return, enter the organization’s four digit Group Exemption Number (GEN) . If this isfor the whole group, check this box ...... ¯ [---] . If it is for part of the group, check this box .......̄ L__J and attacha list with the names and EINs of all members the extension is for.
I request an automatic 3-month (6 months for a corporation required to file Form 990-T) extension of timeuntil 08/15 , 20 12 , to file the exempt organization return for the organization named above. The extension isfor the organization’s return for:
~] calendar year2011 ortax year beginning ,20~, and ending ,20
If the tax year entered in line 1 is for less than 12 months, check reason: [-~ Initial return [] Final return--]Change in accounting period
3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative ta,,q less anynonrefundable credits. See instructions. 3a $
b If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits andestimated tax payments made. Include any prior year overpayment allowed as a credit. 3b $
c Balance due. Subtract line 3b from line 3a. Include your payment with this form, if required, by using EFTPS(Electronic Federal Tax Payment System). See instructions. 3c $
Caution. If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-E0 and Form 8879-E0 forpayment instructions.For Privacy Act and Paperwork Reduction Act Notice, see I,’~tructions.JSA
1 F8054 4,000
38960Y LI61 5/2/2012 1:43:33 PM V 11-4.3 300748
Form 8868 (Rev. 1-2012)
PAGE 1
COl FOR SUPPORTIVE HOUSING 13-3600232
Form 990 (2011) Page
Statement of Program Service AccomplishmentsCheck if Schedule O contains a response to any question in this Part III ........................
1 Briefly describe the organization’s mission:ATTACHMENT 1
2 Did the organization undertake any significant program services during the year which were not listed on theprior Form 990 or 990-EZ? . ............................................. [~ Yes [~] NoIf ’%’es," describe these new services on Schedule O.Did the organization cease conducting, or make significant changes in how it conducts, any programservices? ........................................................ [] Yes [~ NoIf "Yes," describe these changes on Schedule O.Describe the organization’s program service accomplishments for each of its three largest program services, as measured byexpenses. Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount ofgrants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code: ) (Expenses $ ~.6,261,599. including grants of $ 2,731,288. ) (Revenue $PROVIDES FINANCIAL AND TECHNICAL ASSISTANCE TO NON-PROFIT
9,441,716. )
ORGANIZATIONS ENGAGED IN THE DEVELOPMENT OF SERVICE
ENRICHED HOUSING, AND SUPPORT THE EXPANSION OF HOUSING
FOR SPECIAL NEEDS POPULATIONS.
4b (Code: ) (Expenses $ including grants of $ ) (Revenue $
4c (Code: ) (Expenses $ including grants of $ ) (Revenue $
4d Other program services (Describe in Schedule O.)(Expenses $ including grants of $ ) (Revenue $ )
4e Total program service expenses ¯ 16, 2 61,5 9 9.JsA Fo~ 990 (2011)1E1020 1.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 3
COt
Form 990 (2011)|=~"I~lt,Vl Checklist of Required Schedules
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FOR SUPPORTIVE HOUSING 13-3600232
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JSA1E1021 1.000
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If ’Yes,"complete Schedule A ..................................................Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? .........Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition tocandidates for public office? If ’Yes," complete Schedule C, Part I ...........................Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h)election in effect d uring the tax year?. If ’Yes," complete Schedule C, Part II ......................Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues,assessments, or similar amounts as defined in Revenue Procedure 98-19? If "yes," complete Schedule C,Part III ..........................................................Did the organization maintain any donor advised funds or any similar funds or accounts for which donorshave the right to provide advice on the distribution or investment of amounts in such funds or accounts? If"yes," complete Schedule D, Part I ...........................................Did the organization receive or hold a conservation easement, including easements to preserve open space,the environment, historic land areas, or historic structures? If ’Yes," complete Schedule D, Part II ..........Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "yes,"complete Schedule D, Part III ..............................................Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in PartX; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes,"complete Schedule D, Part IV ..............................................Did the organization, directly or through a related organization, hold assets in temporarily restrictedendowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part V .......If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI,VII, VIII, IX, or X as applicable.Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," completeSchedule D, Part VI ...................................................Did the organization report an amount for investments---other securities in Part X, line 12 that is 5% or moreof its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII .................Did the organization report an amount for investments-program related in Part X, line 13 that is 5% or moreof its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII .................Did the organization report an amount for other assets in Part X, line 1 5 that is 5% or more of its total assetsreported in Part X, line 16? If "Yes," complete Schedule D, Part IX ..........................Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, PartXDid the organization’s separate or consolidated financial statements for the tax year include a footnote that addressesthe organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If %’es,"complete Schedule D, PartX ......Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes,"complete Schedule D, Parts XI, XII, and XIII .......................................Was the organization included in consolidated, independent audited financial statements for the tax year?. If ’Yes," and ifthe organization answered "No" to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional ............Is the organization a school described in section 170(b)(1)(A)(ii)? If"Yes," complete Schedule E ..........Did the organization maintain an office, employees, or agents outside of the United States? .............Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking,fundraising, business, investment, and program service activities outside the United States, or aggregateforeign investments valued at $1 00,000 or more? If "Yes," complete Schedule F, Parts I and IV ...........Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to anyorganization or entity located outside the United States? If "yes," complete Schedule F, Parts II and IV .......Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistanceto individuals located outside the United States? If "Yes," complete Schedule F, Parts III and IV ...........Did the organization report a total of more than $15,000 of expenses for professional fundraising serviceson Part IX, column (A), lines 6 and 1 le? If "Yes,"complete Schedule G, Part I (see instructions) ...........Did the organization report more than $15,000 total of fundraising event gross income and contributions onPart VIII, lines 1 c and 8a? If "Yes," complete Schedule G, Part II ............................Did the organization report more than $1 5,000 of gross income from gaming activities on Part VIII, line 9a?If "Yes," complete Schedule G, Part III ..........................................Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H .............If "Yes" to line 20a, did the orqanization attach a copy of its audited financial statements to this return? ......
Yes No
1 X2 X
3 *
4 ~
5 X
6 X
7 X
8 X
9 X
10 X
~11a X
11b X
11c! X
11d X
11e X
11f X
12a X
12b X
13 X
14a X
14b X
15 X
16 X
17 X
18 X
19 X
20a X
20bForm 990 (201~)
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CO] FOR SUPPORTIVEHOUSING
Form 990 (2011 )~ Checklist of Required Schedules (continued)
28
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13-3600232
Page 4
Yes No
21 Did the organization report more than $5,000 of grants and other assistance to any government or organizationin the United States on Part IX, column (A), line 1? If ’Yes/complete Schedule I, Parts I and II ............ 21 X
22 Did the organization report more than $5,000 of grants and other assistance to individuals in the United Stateson Part IX, column (A), line 2? If"Yes," complete Schedule I, Parts I and III ...................... 22 X
23 Did the organization answer ’~(es" to Part VII, Section A, line 3; 4, or 5 about compensation of theorganization’s current and former officers, directors, trustees, key employees, and highest compensated
23 Xemployees? If ’Yes," complete Schedule J .......................................24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than
$100,000 as of the last day of the year, that was issued after December 31, 2002? If "Yes," answer lines 24bthrough 24d and complete Schedule K. If "No/go to line 25 .............................. 24a X
b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? ....... 24b
c Did the organization maintain an escrow account other than a refunding escrow at any time during the year24cto defense any tax-exempt bonds? ...........................................
d Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? ....... 24d
25 a Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transactionwith a disqualified person during the year?. If ’Yes," complete Schedule L, Part I ................... 25a X
b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prioryear, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ?If "Yes," complete Schedule L, Part I ........................................... 25b X
26 Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, ordisqualified person outstanding as of the end of the organization’s tax year?. If’Yes," complete Schedule L, Part II. 26
X
27 Did the organization provide a grant or other assistance to an officer, director, trustee, key employee,substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlledentity or family member of any of these persons? If "Yes," complete Schedule L, Part III ............... 2~
X
Was the organization a party to a business transaction with one of the following parties (see Schedule L,Part IV instructions for applicable filing thresholds, conditions, and exceptions):A current or former officer, director, trustee, or key employee? If"Yes," complete Schedule L, Part IV ........ 28a X
A family member of a current or former officer, director, trustee, or key employee? If ’Yes," completeSchedule L, Part IV .................................................... 28b X
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof)was an officer, director, trustee, or direct or indirect owner? If ’Yes," complete Schedule L, Part IV ......... 28c X
Did the organization receive more than $25,000 in non-cash contributions? If ’Yes," complete Schedule M 29 X
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualifiedconservation contributions? If ’Yes," complete Schedule M .............................. 30 X
Did the organization liquidate, terminate, or dissolve and cease operations? If ’Yes," complete Schedule N,Part I ........................................................... 31 X
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If ’~’es,"32 Xcomplete Schedule N, Part II ...............................................
Did the organization own 100% of an entity disregarded as separate from the organization under Regulationssections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I ..................... 33 X
Was the organization related to any tax-exempt or taxable entity? If ’Yes," complete Schedule R, Parts II, III,34 XIV, and V, line 1 .....................................................
Did the organization have a controlled entity within the meaning of section 512(b)(13)? .............. 35a X
Did the organization receive any payment from or engage in any transaction with a controlled entity within themeaning of section 512(b)(13)? If ’Yes," complete Schedule R, Part V, line 2 ..................... 35b X
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitablerelated organization? If "Yes," complete Schedule R, Part V, line 2 ........................... 36 X
Did the organization conduct more than 5% of its activities through an entity that is not a related organizationand that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule F~
37 XPart VI ..........................................................38 Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and
19? Note. All Form 990 fliers are re(]uired to complete Schedule O .......................... 38 X
Form 990 (2011)
JSA
1E1030 1.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 5
FOR SUPPORTIVE HOUSING 13-3600232
Form 990 (2011)
Statements Regarding Other IRS Filings and Tax CompliancePart VCheck if Schedule O contains a response to any question in this Part V .....................
Page 5
Enter the number reported in Box 3 of Form 1 096. Enter -0- if not applicable .......... 1 a 5 4
Enter the number of Forms W-2G included in line la. Enter -0- if not applicable ......... I b 0
Did the organization comply with backup withholding rules for reportable payments to vendors andreportable gaming (gambling) winnings to prize winners?. ...............................Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax I IStatements, filed for the calendar year ending with or within the year covered by this return . I 2a I 113
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?Note. If the sum of lines la and 2a is greater than 250, you may be required to e-file (see instructions) .......Did the organization have unrelated business gross income of $1,000 or more during the year? ..........If "Yes," has it filed a Form 990-T for this year? If "No, "provide an explanation in Schedule 0 .............At any time during the calendar year, did the organization have an interest in, or a signature or other authorityover, a financial account in a foreign country (such as a bank account, securities account, or other financialaccount)? .........................................................
b If "Yes," enter the name of the foreign country: ~See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ........Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?If "Yes" to line 5a or 5b, did the organization file Form 8886-T? ............................Does the organization have annual gross receipts that are normally greater than $100,000, and did theorganization solicit any contributions that were not tax deductible? ..........................
b If "Yes," did the organization include with every solicitation an express statement that such contributions orgifts were not tax deductible? ..............................................
7 Organizations that may receive deductible contributions under section 170(c).a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods
and services provided to the payor? ...........................................b If "Yes," did the organization notify the donor of the value of the goods or services provided? ............c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was
required to file Form 8282? ...............................................If "Yes," indicate the number of Forms 8282 filed during the year ................ I 7d IDid the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?...Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?if the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supportingorganizations. Did the supporting organization, or a donor advised fund maintained by a sponsoringorganization, have excess business holdings at any time during the year?. .......................Sponsoring organizations maintaining donor advised funds.Did the organization make any taxable distributions under section 4966? .......................Did the organization make a distribution to a donor, donor advisor, or related person? ................Section 501(c)(7) organizations. Enter:Initiation fees and capital contributions included on Part VIII, line 12 .............. 10a
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities .... 1 0b
Section 501(c)(12) organizations. Enter:Gross income from members or shareholders .......................... 1 la
Gross income from other sources (Do not net amounts due or paid to other sourcesagainst amounts due or received from them.) ........................... 11 b
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?If "Yes," enter the amount of tax-exempt interest received or accrued during the year ..... 112b I
Section 501(c)(29) qualified nonprofit health insurance issuers.Is the organization licensed to issue qualified health plans in more than one state? ..................Note. See the instructions for additional information the organization must report on Schedule O.
b Enter the amount of reserves the organization is required to maintain by the states in whichthe organization is licensed to issue qualified health plans .................... 1 3b
Enter the amount of reserves on hand ............................... 13c
Did the organization receive any payments for indoor tanning services during the tax year? .............If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule 0 ......
la
2a
b
3ab
4a
5a
d
fgh
8
9
b10
ab
11ab
12ab
13a
C
14ab
JSA1 E1040 1.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748
No
X
X
I
X
X
X
Form 990 (2011)PAGE 6
Form990(2011) ~ FOR SUPPORTIVE HOUSING 13-3600232 Page6
Governance, Managem~l[ and Dis~s~ ’~ lines 2 through 7b below, and for a"No" response to line 8a, 8b, or lOb below, describe the circumstance-s, processes, or changes in ScheduleO. See instructions.
Check if Schedule O contains a response to any question in this Part VI .......................... [-~Section A. Governing Body and Management
la Enter the number of voting members of the governing body at the end of the tax year. If there are ...... I a
material differences in voting rights among members of the governing body, or if the governing bodydelegated broad authority to an executive committee or similar committee, explain in Schedule O.
b Enter the number of voting members included in line la, above, who are independent ...... 1 b
2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship withany other officer, director, trustee, or key employee? .................................
3 Did the organization delegate control over management duties customarily performed by or under the directsupervision of officers, directors, or trustees, or key employees to a management company or other person? . . .
4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .......5 Did the organization become aware during the year of a significant diversion of the organization’s assets? .....6 Did the organization have members or stockholders? .................................7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint
one or more members of the governing body? .....................................b Are any governance decisions of the organization reserved to (or subject to approval by) members,
stockholders, or persons other than the governing body? ...............................8 Did the organization contemporaneously document the meetings held or written actions undertaken during
the year by the following:a The governing body? ...................................................b Each committee with authority to act on behalf of the governing body? .......................
9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached atthe organization’s m ailing address? If "Yes," provide the names and addresses in Schedule 0 ............ 9
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.Yes ’
10ab
Yes No
2 *
3 ~
4 ~
5 ~
6 ~
7a ~
7b *
8a X8,b X
X
No
Did the organization have local chapters, branches, or afffiliates? ........................... 10a X
If ’~’es," did the organization have written policies and procedures governing the activities of such chapters,affiliates, and branches to ensure their operations are consistent with the organization’s exempt purposes? .... 10b
11a H~~the~~ganizati~npr~~id~d~~~mp~~t~~~py~fthisF~~m99~t~a~lmembers~fit~g~~erni~gb~dyb~f~~e~~i~gth~f~rm?~ "’~1 ~
b Describe in Schedule O the process, if any, used by the organization to review this Form 990.’
1 2a Did the organization have a written conflict of interest policy?. If "No," go to line 13 ................. 12a X
b Were officers, directors, or trustees, and key employees required to disclose annually interests that could giverise to conflicts? ..................................................... 12b X
c Did the organization regularly and consistently monitor and enforce compliance with the policy? If ’Yes,"describe in Schedule Q how this was done ........................................ 12c X
13 Did the organization have a written whistleblower policy?. 13 X
14 Did the organization have a written document retention and destruction policy? ................... 14 X
15 Did the process for determining compensation of the following persons include a review and approval byindependent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? ................
a The organization’s CEO, Executive Director, or top management official ....................... 15a Xb Other officers or key employees of the organization ................... ................ 15b, X
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions.)16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement
with a taxable entity during the year?. .......................................... 16a X
b If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate itsparticipation in joint venture arrangements under applicable federal tax law, and take steps to safeguard theorganization’s exempt status with respect to such arrangements? .......................... 16b
Section C. Disclosure17 List the states with which a copyofthis Form 990 is required to be filed IK CA, CT, DC,IL, IN,MI,MN,NJ,NY,OH, RI,TX,
18 Section 6104 req uires an organization to make its Forms 1023 (or 1024 if applicable), 990, and 990-T (Section 501(c)(3)s only)available for public inspection. Indicate how you made these available. Check all that apply.~-~ Own website r---] Another’s website [~ Upon request
19 Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy,and financial statements available to the public during the tax year.
20 State the name, physical address, and telephone number of the person who possesses the books and records of theorganization: ~D~VZD PROVOST, CFO 50 BROADWAY, 17TH FL. NEW YORK, NY 10004 (212)986-2966
JSA Form 990 (2011)
IEI0421"00038960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 7
Form 990 (2011) ~ FOR SUPPORTIVE HOUSING 13"3600232 Page
~ Compensation of Officers~ectors, Trustees, Key Employees, Hi! Compensated Employees, andIndependent ContractorsCheck if Schedule O contains a response to any question in this Part VII ....................[~
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employeesla Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within theorganization’s tax year.
= List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amountof compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.
¯ List aU of the organization’s current key employees, if any. See instructions for definition of"key employee."¯ List the organization’s five current highest compensated employees (other than an officer, director, trustee, or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from theorganization and any related organizations.
¯ List all of the organization’s former officers, key employees, and highest compensated employees who received more than$100,000 of reportable compensation from the organization and any related organizations.
¯ List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of theorganization, more than $10,000 of reportable compensation from the organization and any related organizations.
List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highestcompensated employees; and former such persons.
--]Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)Name and Title
DENISE O’LEARY
CHAIRPERSON
__L21 JAMES L. LOGUE II
VICE CHAIR
__~3~ ELLEN BAXTERSECRETARY
___L4] DEBORAH DE SANTIS
PRESIDENT AND CEO (EX OFFICIC
__[5] KENNETH J. BACON
DIRECTOR
__(~I_P_E_~[_EARLEY
DIRECTOR
__L7] GARY R. EISENMAN
DIRECTOR
__L8]_~_~qI_A GLENDIRECTOR
__[9] JEFFREY I. BRODSKY
DIRECTOR
_I[oJMARC R. KADISHDIRECTOR
_lid MITCHEL R. LEVITASDIRECTOR
_]~2j DAVID P. CROSBYDIRECTOR
ANTONIO L. MANNING
DIRECTOR
_]!4j JUSTICE EVELYN STRATTONDIRECTOR
Averagehours per
week(describehours forrelated
organizationsin Schedule
O)
(C)Position
(do not check more than onebox, unless person is both anofficer and a director/trustee)
1.00 X X
1.00 X X
1.00 X X
) 40.00 X X
1.00 X
1.00 X
1.00 X
1.00 X
1.00 X
1.00 X
1.00 X
1.00 X
1.00 X
JSA
1E1041 1.000
38960Y LI61 10/3/2012
1.00
8:38:07 AM
(D)Reportable
compensationfromthe
organization(W-2/1099-MISC)
(E)Reportable
compensation fromrelated
organizations(W-2/1099-MISC)
0 0
0 0
0 0
(F)Estimatedamount of
othercompensation
from theorganizationand related
organizations
174,765. 0 28,82~.
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
V 11-6 300748
990(2oI~)
PAGE 8
FOR
Form 990 (2011)
~ Section A. Officers, Directors, Trustees,(A)
Name and title
15) DOUGLAS M. WEILL
DIRECTOR
16) KAREN DIVER
DIRECTOR
17) STEPHEN NORMANDIRECTOR
18) RACHEL DILLER
DIRECTOR
19) LINDA ROSENBERG
DIRECTOR
20) BRIGITT JANDREAU-SMITHCHIEF LENDING OFFICER
21) CONSTANCE TEMPEL
CHIEF OPERATING OFFICER
22) NANCYMCGRAW
CHIEF DEVELOPMENT OFFICER
23) DAVID PROVOST
CHIEF FINANCIAL OFFICER
24) TERRY SCHIFF
LEGAL COUNSEL
25) RUTH TEAGUE
PRORGRAM DIRECTOR
2
SUPPORTIVE HOUSING
(B) (C)Average Positionhours per (do not check more than one
week box, unless person is both an
(describe officer and a director/trustee)- 0:5 ~-~ o~hours for
~. & ~ ~ 3 ¢~"related
I~)’-~o c E ~ i~~ ~ ~ ~ ~
organi=tions I~ ~ ~ ~ 8in Sch~ule ~ ~ m ~ B
1.00 X
1.00 X
1.00 X
1.00 X
1.00 X
40.OO X
40.00 X
40.00 X
40.00 X
40.00! X
40.00 X
13-3600232
hest Compensated Employees (c(D) (E)
Reportable Reportablecompensation compensation from
from relatedthe organizations
organization (W-2/1099-MISC)(W-2/1099-MISC)
0
0
C
C
C
153,766
151,349
160,869
I b Sub-total ...................................... ~"c Total from continuation sheets to Part VII, Section A ............. ¯
d Total (add lines lb and lc} ............................ ¯
Page 8
ontinued)(F)
Estimatedamount of
othercompensation
from theorganizationand related
organizations
166,566.
142,815.
110,569.
174,765.
1,489,857.
1,664,622.
C 0
C 0
C 0
C 0
C 0
C 27,913.
C 19,143.
0 36,338.
Total number of individuals (including but not limited to those listed above) who received more than $100,000 ofreportable compensation from the organization I~ 22
0 32,384.
0 25,367.
0 24,509.
0 28,822.
0 317,445.
0 346,267.
Yes No
3 Did the organization list any former officer, director, or trustee, key employee, or highest compensated ~~employee on line 1 a? If "Yes," complete Schedule J for such individual .......................... 3 X
4 For any individual listed on line la, isthe sum of reportable compensation and other compensation from the~~organization and related organizations greater than $150,000? If "yes," complete Schedule J for such
individual ........................................................... 4 X
5 Did any person listed on line la receive or accrue compensation from any unrelated organization or individual ~ ~for services rendered to the or.qanization? If"yes,"complete Schedule J for such person ................ 5 X
Section B. Independent Contractors
1 Complete this table for your five highest compensated independent contractors that received more than $100,000 ofcompensation from the organization. Report compensation for the calendar year ending with or within the organization’s taxyear.
(A) (S) (C)Name and business address Description of services Compensation
ATTACHMENT 2
JSA
Total number of independent contractors (including but not limited to those listed above) who receivedmore than $100,000 in compensation from the organization ¯ 5
Form 990 (2011)1E1055 2.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 9
FOR SUPPORTIVE HOUSING 13-3600232
Form 990 (2011 )~ Section A. Officers, Directors, Trustees, Key Employees, and Hi£1hest Compensated Employees ((’ontinued)
Name and title
Page 8
26) KIMBERLY BLACK
PROGRAM DIRECTOR
27) JONATHAN HUNTER
MANAGING DIRECTOR
28) KATRINA VAN VALKENBURGH
MANAGING DIRECTOR
29) RYAN MOSER
MANAGING DIRECTOR
30) SERGEY DRUKMAN
DIRECTOR OF FINANCE
(s) (c)Average Position
hours per (do not check more than oneweek box, unless person is both an
(describe officer and a director/trustee)
40.00 X
4O.OO X
40.00 X
40.00 X
0 X
I b Sub-tetal ...................................... ¯c Total from continuation sheets to Part VII, Section A ............. ¯d Total (add lires lb ard lc) ............................ ¯
(D)Reportable
compensationfromthe
organization(W-2/1099-MlSC)
Reportablecompensation from
relatedorganizations
(W-2/1099-M~SC)
113,520
127,918
117,585
116,400
128,500
Estimatedamount cf
othercompensation
from theorganizationand related
organizations
35,666.
24,493.
31,584.
24,659.
35,389.
Total number of indMduals (including but not limited to those listed above) who received more than $1 00,000 ofreportable compensation from the organization ¯ 22
Yes No
3 Did the organization list any former officer, director, or trustee, key employee, or highest compensated ~ ~
individual ........................................................... 4 X
5 Did any person listed on line la receive or accrue compensation from any unrelated organization or individual ~ ~for services rendered to the organization? If "Yes," complete Schedule J for such l~erson ................ 5 X
Section B. Independent Contractors1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of
compensation from the organization. Report compensation for the calendar year ending with or within the organization’s taxyear.
CA) (B) (C)Name and business address Description of services Compensation
2 morethaT nOtal numbe$ r100,00o 0f independein ntcompensation froC mOrtractors th(ienCludino grganizatiob nUt nol~ limited to those listed above) who received ~
JSl AE10552.000 Form 9 9 0 (2011 )PAGE I038960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748
Form 990 (2011)
Statement of
’-O b
e
b
d
e
4
5
b
cd
7a
b
c
~a
bC
bc
b
e
JSA1E1051 1.000
FOR SUPPORTIVE HOUSING 13-3600232 Page9
Federated campaigns ........ t a
Membership dues ......... I b
Fundraising events ......... I c
Related organizations ........ I d
Government grants (contributions).. I e
All other contributions, gifts, grants,
and similar amounts not included above ¯ If
Noncash contributions included in lines la-lf: $Total. Add lines la-lf
LOAN REVENUE
CONTRACT SERVICES
1,500,000.
8,823,592.
Business Code
522291
900099
All other program service revenue .....Total. Add lines 2a-2f ...................
Investment income (including dividends, interest, and
other similar amounts) ................... ¯
Income from investment of tax-exempt bond proceeds . . . ¯Royalties ....... ¯
Gross rents
Less: rental expenses . . ¯
Rental income or (loss) . .Net rental income or (loss).
Gross amount from sales ofassets other than inventory
Less: cost or other basis
and sales expenses
Gain or (loss) .......
(i) Real I (ii) Personal
(i) Securities I (ii) Other
13,387,320.1I
14,259,957.1-872,637 "1
Net gain or (loss) .......Gross income from fundraising ~/l
events (not including $
of contributions reported on line lc).
See Part IV, line 18 ...........
Less: direct expenses ..........Net income or (loss) from fundraising events ........
Gross income from gaming activities.See Part IV, line 19 ........... a
Less: direct expenses .......... b
Net income or (loss) from gaming activities .........Gross sales of inventory, less ~ t
returns and allowances .........
Less: cost of goods sold .........Net income or (loss) from sales of inventory ......... ¯
Miscellaneous Revenue Business Code
OTHER REVENUE .
~ 900099
All other revenue .............
Total. Add lines 11a-11d ................. ¯
Total revenue. See instructions .............. ¯
(A)Total revenue
(B)Related or
exemptfunctionrevenue
2,444,158.
6,997,558.
9,441,716.
611,815.
2,444,158.
6,997,558.
o
382,526.
382,526.
19,887,012. 9,441,716.
(C) [ (D)Unrelated ~ Revenuebusiness /excluded from tax
/ under sectionsrevenue
/512,513, or 514
611,815.
382,526.
Form 990 (2011)
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748 PAGE Ii
Form990(2011) CO~_~_ON FOR SUPPORTIVE HOUSING 13-3600232 Page10~ Statement of Function"~ I~.nsesSection 501(c) (3) and 501(c) (4) organizations must complete all columns. All other organizations must complete column (A) but are notrequired to complete columns (B), (C), and (D).
Check if Schedule O contains a res 9onse to any question in this Part IX .......................... I I(A) (S) (C) (D)Do not include amounts reported on lines 6b, Total expenses Program service Management and Fundraising
7b, 8b, 9b, and lob of Part VIII. expenses general expenses expenses
1 Grants and other assistance to governments andorganizations in the United States. See Part IV, line 21 .
2 Grants and other assistance to individuals inthe United States. See Part IV, line 22 ......
3 Grants and other assistance to governments,organizations, and individuals outside theUnited States. See Part IV, lines 15 and 1 6 ....
4 Benefits paid to or for members .........
5 Compensation of current officers, directors,trustees, and key employees ..........
6 Compensation not included above, to disqualified
persons (as defined under section 4958(0(1)) and
persons described in section 4958(c)(3)(B) ......
7 Other salaries andwages ............8 Pension plan accruals and contributions (include section
401(k) and 403(b) employer contributions) ......9 Other employee benefits ............
10 Payroll taxes ..................11 Fees for services (non-employees):
a Management .................b Legal .....................c Accounting ..................d Lobbying ...................e Professional fundraising services. See Part IV, line 17f Investment management fees .........
g Other .....................12 Advertising and promotion ...........1 3 Office expenses ................14 Information technology .............15 Royalties ....................16 Occupancy ..................17 Travel .....................18 Payments of travel or entertainment expenses
for any federal, state, or local public officials19 Conferences, conventions, and meetings ....20 Interest ....................21222324
2,731,288 2,731,288.
807,315. 567,502. 164,656. 75,157.
C
7,400,854 5,202,431. 1,509,439. 688,984.
313,718 242,646. 40,963 30,109.
1,180,625 913,159. 154,157 113,309.
437,721. 73,895 54,314.565,930.
0
258,398. 36,331.
78,350. 11,016.
222,011..
67,318.
56
137,783. 38,667
16
0
158,401. 24,096. 134,271. 34
0
630,495. 517,328 104,692. 8,475
99,059. 57
0
1,225,775. 654,794. 482,357. 88,624
593,549. 521,344. 52,414. 19,791
C
515,923. 446,711. 61,468. 7,744
Payments to affiliates .............Depreciation, depletion, and amortization .... 9 6, 4 3 2
Insurance ............... 43,105IOther expenses. Itemize expenses not covered
above (List miscellaneous expenses in line 24e. If¯ o 13 ........................................................hne 24e amount exceeds 10~o of hne 25, colum(A) amount, list line 24e expenses on Schedule O.)
870,997 870,997.
C
80,253. 12,244. 3,935.
33,663. 7,417. 2,025.
aC_O_NSULTANTS 2,571,870. 2,337,390. 215,050 19,430.
bBAD DEBT EXPENSE 475,550. 475,550.
cEQUIP REPAIRS & MAINTENANCE 34,212. 26,289. 5,196. 2,727
76,566. 4,475dADMINISTRATIVE EXPENSES 173,464. 92,423.
e
26
All other expensesTotal functional e_.~penses. Add lines 1 through 24eJoint costs. Complete this line only if theorganization reported in column (B) joint costsfrom a combined educational campaign and
solicitation. Check here ¯ [] iffundraisingfollowing SOP 98-2 (ASC 958-720) .......
20,864,034.
JSA1E1052 1.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6
16,261,599
300748
3,483,173. i, 119,262
Fo~ 990(2011)
PAGE 12
Form 990 (2011 )~ Balance Sheet
COE FOR SUPPORTIVE HOUSING 13-3600232
Page 11
(A) (B)Beginning of year End of year
3,057 1 41,949.1 Cash - non-interest-bearing ...........................2 Savings and temporary cash investments .................... 4,807,559 2 4,062,842.
3 Pledges and grants receivable, net ................’ ....... 13,345,305 3 12,309,658.
4 Accounts receivable, net 2,246,838 4 1,279,434.
5 Receivables from curreni ~d" ~o~r~e’r "o}f’c&r~ "c~ r~t~rl "t~u~t~s" "k~y" ’employees, and highest compensated employees. Complete Part II ofSchedule L (~ 5 0
6 Receivables" f’r(~ ~h~r" ~i~q’u~li{i~d" I~e’rs’o~s" (a~ "d~f[n~(J ~r~d’e~ ~c{i6n"4958(f)(1)). persons described in section 4958(c)(3)(B). and contributingemployers and sponsoring organizations of section 501(c)(9) voluntaryemployees’ beneficiary organizations (see instructions) ............ ~
( 6 0
7 Notes and loans receivable, net ......................... 30,727,202 7 32,223,948.( 8 08 Inventories for sale or use ............................
9 Prepaid expenses and deferred charges .................... 147,444 9 168,020.
10a Land, buildings, and equipment: cost orother basis. Complete Part VI of Schedule D 10a 1,648,399.
Less: accumulated depreciation .......... 10b 1,345,154. 204,975. 10c 303,245.
Investments - publicly traded securities .................... 26,874,214 .’ 11 29,079,443.
Investments - other securities. See Part IV, line 11 ............... 0 12
b111213141516
0
Investments - program-related. See Part IV. line 11 .............. 0 13 0
Intangible assets ................................. C 14 0
Other assets. See Part IV, line 11 ........................ 153,4 ? 6. 15 161, 59?.
Total assets. Add lines 1 through 15 (must equal line 34) .......... 78,510,070. 16 79,630,136.
17 Accounts payable and accrued expenses .................... 5,928,796. 17 5,187,656.
18 Grants payable .................................. 2,319,189 18 2,602,455.
Ct9 019 Deferred revenue ................................C 20 020 Tax-exempt bond liabilities .................... .......
21 Escrow or custodial account liability. Complete Part IV of Schedule D E 21 0
22 Payables to current and former officers, directors, trustees, keyemployees, highest compensated employees, and disqualified persons.
44,897,985. 26
~ 22Complete Part II of Schedule L .........................23 Secured mortgages and notes payable to unrelated third parties ........ 36,650,000 23
24 Unsecured notes and loans payable to unrelated third parties ......... ( 24
25 Other liabilities (including federal income tax. payables to related thirdparties, and other liabilities not included on lines 17-24). Complete Part X
25of Schedule D ..................................26 Total liabilities. Add lines 17 through 25 ....................
Organizations that follow SFAS 117, check here I~ L~ and completelines 27 through 29, and lines 33 and 34.Unrestricted net assetsTemporarily restricted net assets ........................
0
38,650,000.
0
0
46,440,iii.
16,417,255.
16,772,770.
Permanently restricted net assets .......................Organizations that do not fo low SFAS 117, check here ~" [~ andcomplete lines 30 through 34.
27 15,781,877.127
28 17,830,208. 28
29
30 Capital stock or trust principal, or current funds ................31 Paid-in or capital surplus, or land. building, or equipment fund ........32 Retained earnings, endowment, accumulated income, or other funds ....33 Total net assets or fund balances34 Total liabilities and net assets/fund balances ..................
303132
33,612,085 33 33,190,025.
78,510,070 34 79,630,136
Form 990 (2011)
JSA1E10531.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 13
Form990 (2011) COITION FOR SUPPORTIVE HOUSING
13-3600232
Page12
Reconciliation of Net AssetsCheck if Schedule O contains a response to any question in this Part XI ....................... ~
]~Tt-Xl
Total revenue (must equal Part VIII, column (A), line 12) .......................... i 1Total expenses (must equal Part IX, column (A), line 25) ...........................
32Revenue less expenses. Subtract line 2 from line 1 .............................Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ........ ~Other changes in net assets or fund balances (explain in Schedule O) .................. 5
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, 6column (B)) .......................................... ’ ........
Financial Statements and ReportingCheck if Schedule 0 contains a response to any question in this Part XII
19,887,012.
20,864,034.
-977,022.
33,612,085.
554,962.
33,190,025.
1 Accounting method used to prepare the Form 990: [~] Cash E~] Accrual [--"] Other
If the organization changed its method of accounting from a prior year or checked "Other," explain inSchedule O.
2a Were the organization’s financial statements compiled or reviewed by an independent accountant?b Were the organization’s financial statements audited by an independent accountant?c If ’~’es" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight
Yes No
I i
X2b X
of the audit, review, or compilation of its financial statements and selection of an independent accountant? 2c ix:If the organization changed either its oversight process or selection process during the tax year, explan mScheduleO. .i: t:~ , :
d If ’h’es" to line 2a or 2b, check a box below to indicate whether the financial statements for the year wereissued on a separate basis, consolidated basis, or both:[~] Separate basis L-~ Consolidated basis [~ Both consolidated and separate basis
3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth inthe Single Audit Act and OMB Circular A-133?
b If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo therequired audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits
3a X
3b X
Form 990 (2011)
JSA1 E1054 1.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 14
SCHEDULE A(Form 990 or 990-EZ)
Department of the Treasurylntemal Revenue Service
P ic Charity Status and PublicQpportComplete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.I~ Attach to Form 990 or Form 990-EZ. I~ See separate instructions.
Name of the organization
OMB No. 1545-0047
Employer identification number13-3600232CORPORATION FOR SUPPORTIVE HOUSING
I~1iil Reason for Public Charity Status (All organizations must complete this part.) See instructions.The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1011
234
A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter thehospital’s name, city, and state:An organization operated for the benefit of a college or university owned or operated by a governmental unit described insection 170(b)(1)(A)(iv). (Complete Part II.)A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).An organization that normally receives a substantial part of its support from a governmental unit or from the general publicdescribed in section 170(b)(1)(A)(vi). (Complete Part I1.)A community trust described in section 170(b)(1)(A)(vi). (Complete Part I1.)An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and grossreceipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 331/3% of itssupport from gross investment income and unrelated business taxable income (less section 511 tax) from businessesacquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)An organization organized and operated exclusively to test for public safety. See section 509(a)(4).An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out thepurposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section509(a)(3). Check the box that describes the type of supporting organization and complete lines 1 le through 11 h.a [] Type l b [] Type II c [~ Type II1- Functionally integrated d D Type III-OtherBy checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualifiedpersons other than foundation managers and other than one or more publicly supported organizations described in section509(a)(1) or section 509(a)(2).If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III supportingorganization, check this box ................................................... ~-]Since August 17, 2006, has the organization accepted any gift or contribution from any of thefollowing persons?(i) A person who directly or indirectly controls, either alone or together with persons described in (ii) No
and (iii) below, the governing body of the supported organization? ..................... 11g(i)
(ii) A family member of a person described in (i) above? ............................. 11g(ii)
(iii) A 35% controlled entity of a person described in (i) or (ii) above? ...................... 11g(iiil
Provide the following information about the supported organization(s).(i) Name of supported (ii) EIN
organization(iii) Type of organization(described on lines 1-9above or IRC section(see instructions))
(iv) Is the (v) Did you notify (vi) Is the (vii) Amount oforganization in the organization organization in supportcol. (i) listed in in col. (i) of col. (i) organizedyour governing
document? your support? in the U,S.?
Yes N o Yes N o Yes N o
(A)
(B)
(c)
(D)
(E)
TotalFor Paperwork Reduction Act Notice, see the Instructions forForm 990 or 990-EZ.
Schedule A (Form 990 or 990-EZ) 2011
JSA1E1210 1.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 15
CO RATION FOR SUPPORTIVE HOUSING 13-3600232
Schedule A (Form 990 or 990-EZ) 2011 Page 2
Support Schedule for Organizations Described in Sections 170(t(1)(A)(iv) and 170(b)(1)(A)(vi)(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify underPart III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public SupportCalendar year
1
(or fiscalyear beginning in) ¯
Gifts, grants, contributions, andmembership fees received. (Do notinclude any "unusual grants.") ......
Tax revenues levied for theorganization’s benefit and either paidto or expended on its behalf .......
The value of services or facilitiesfurnished by a governmental unit to theorganization without charge ........Total. Add lines 1 through 3 .......
The portion of total contributions byeach person (other than agovernmental unit or publiclysupported organization) included online 1 that exceeds 2% of the amountshown on line 11, column (f) ........
6 Public support. Subtract line 5 from line 4. !Section B. Total Sup_port
(a) 2007
16,454,092.
16,454,092
(b) 2008
13,481,403.
13,481,403.
(c) 2009
16,412,736.
16,412,736.
(d) 2010
20,085,987.
20,085,987.
(e) 2011
17,321,150
17,321,150
(f) Total
83,755,368.
83,755,368.
17,327,845.
66,427,523.
Calendar year (or fiscal year beginning in) ¯
7 Amounts from line 48 Gross income from interest, dividends,
payments received on securities loans,rents, royalties and income from similarsources
9 Net income from unrelated businessactivities, whether or not the businessis regularly carried on
(a) 200716,454,092.
3,094,012.
10
1112
Other income. Do not include gain orloss from the sale of capital assets(Explain in Part IV.) . _&.~C_~. 1 .....Total support. Add lines 7 through 10..
762,762.
13
(b) 2008 (c) 200913,481,403. 16,412,736.
3,288,591. 2,844,983.
(d) 201020,085,987.
4,003,676
(e) 201117,321,150.
3,055,973.
(f) Total83,755,368.
16,287,235.
I,i14,496 , ¯ 3,155,981.
103,198,584.
Gross receipts from related activities, etc. (see instructions) "First five years. If the Form 990 is for the organization’s first, second, third, fourth, or fifth tax year as a section 501(c)(3)organization, check this box and stop here .............................................. ¯ I I
17,540,527.
Section C. Computation of Public Support Percentage14 Public support percentage for 2011 (line 6, column (f)divided by line 11, column (t’)) ........ 14 64.37 %
15 Public support percentage from 2010 Schedule A, Part II, line 14 ................... 15 62.5 9 %
16a 331/3% support test -2011. If the organization did not check the box on line 13, and line 14 is 331/3% or more, checkthis box and stop here. The organization qualifies as a publicly supported organization .................... ¯ ~-~
b 331/3% support test - 2010. If the organization did not check a box on line 13 or 16a, and line 15 is 331/3%or more,check this box and stop here. The organization qualifies as a publicly supported organization ................. ¯ []
17a 10%-facts-and-circumstances test - 2011. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here, Explain inPart IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supportedorganization ............................................................. ¯ D
b 10%-facts-and-circumstances test -2010. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.Explain in Part IV how the organzation meets the "facts-and-circumstances" test. The organization qualifies as a publiclysupported organization ....................................................... ¯ E~
1 8 Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and seeinstructions ............................................................. ¯ [---]
Schedule A (Form 990 or 990-EZ)2011
JSA
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COR] FOR SUPPORTIVEHOUSING 13-3600232
Schedule A (Form 990 or 990-EZ) 2011 Page 3Support Schedule for Organizations Described in Section 509(a)(2)Part III(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part I1.If the organization fails to qualify under the tests listed below, please complete Part I1.)
Section A. Public Support3alendar year (or fiscal year beginning in) ¯
1 Gifts, grants, contributions, and membership fees
67a
(a) 2007
received. (Do not include any "unusual grants.")Gross receipts from admissions, merchandisesold or services performed, or facilitiesfurnished in any activity that is related to theorganization’s tax-exempt purpose ......Gross receipts from activities that are not anunrelated trade or business under section 513Tax revenues levied for theorganization’s benefit and either paidto or expended on its behalf .......The value of services or facilitiesfurnished by a governmental unit to theorganization without charge .......Total. Add lines 1 through 5 .......Amounts included on lines 1, 2, and 3received from disqualified persons ....Amounts included on lines 2 and 3received from other than disqualifiedpersons that exceed the greater of $5,000or 1% of the amount on line 13 for the yearAdd lines 7a and 7b ...........Public support (Subtract line 7c fromline 6.) .................
(b) 2008 (c) 2009
C
(d) 2010 (e) 2011 (f) Total
Section B. Total Sup_portCalendar year (or fiscal year beginning in) ¯
9 Amounts from line610a Gross income from interest, dividends,
payments received on securities loans,rents, royalties and income from similarsources
b Unrelated business taxable income (lesssection 511 taxes) from businessesacquired after June 30, 1975
c Add lines 10a and 10b11 Net income from unrelated business
activities not included in line 10b,whether or not the business is regularlycarried on
12 Other income. Do not include gain orloss from the sale of capital assets(Explain in Part IV.)
13 Total support. (Add lines 9, 10c, 11,and 12.) ................
14
(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2 011 (f) Total
First five years, if the Form 990 is for the organization’s first, second, third, fourth, or fifth tax year as a section 501(c)(3)organization, check this box and stop here ............................................... ¯ ~
Section C. Computation of Public Support Percentage1 5 PubliC support percentage for 2011 (line 8, column (f) divided by line 13, column (f)) .............. 1516 Public support percentage from 2010 Schedule A, Part Ill, line 15 .......................
%%
Section D. Computation of Investment Income Percentage17 nvestment income percentage for 2011 (l=ne 10c, column (f) d vided by I ne 13, column (f)) .......... 171 8 Investment income percentage from 2010 Schedule A, Part Ill, line 17 .................... 18
19a 331/3% support tests - 2011. If the organization did not check the box on line 14, and line 15 is more than 331/3°/~ and line17 is not more than 331/3%, check this box and stop here. The organization qualifies as a publicly supported organization
b 331/3% support tests -2010. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 331/3°/~ andline 18 is not more than 331/3%, check this box and stop here. The organization qualifies as a publicly supported organization
20 Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructionsJSA Schedule A (Form 990 or 990-EZ) 20111E1221 1.000
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FOR SUPPORTIVE HOUSING 13-3600232
Schedule A (Form 990 or 990-EZ) 2011
Supplemental Information. Complete this part to provide the explanations required by Part II, line 10;Part II, line 17a or 1 7b; and Part III, line 12. Also complete this part for any additional information. (Seeinstructions).
Page 4
ATTACHMENT 1
SCHEDULE A, PART II - OTHER INCOME
DESCRIPTION 2007 2008 2009 2010 2011 TOTAL
MISCELLANEOUS INCOME 762,762. 1,114,496. 589,149. 307,048. 382,526. 3,155,981.
TOTALS 762,762 . I, 114 , 496. 589,149. 307,048 . 382,526 . 3,155,981
Schedule A (Form 990 or 990-EZ) 2011JSA
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Schedule B(Form 990, 990-EZ,or 990-PF)Department of the TreasuryInternal Revenue Service
Schedule of Contributors¯ Attach to Form 990, Form 990-EZ, or Form 990-PF.
OMB No. 1545-0047
Name of the organizationCORPORATION FORSUPPORTIVEHOUSING
Employer iden~fication number
13-3600232
Organization type (check one):
Filers of:
Form 990 or 990-EZ
Form 990-PF
Section:
[] 501(c)( 3 ) (enter number) organization
[~ 4947(a)(1) nonexempt charitable trust not treated as a private foundation
[] 527 political organization
[~ 501(c)(3) exempt private foundation
~-] 4947(a)(1) nonexempt charitable trust treated as a private foundation
[--] 501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. Seeinstructions.
General Rule
E~] For an organization filing Form 990,990-EZ, or 990-PF that received, during the year, $5,000 or more (in money orproperty) from any one contributor. Complete Parts I and II.
Special Rules
For a section 501(c)(3) organization filing Form 990 or 990-EZ that met the 33 1/3 % support test of the regulationsunder sections 509(a)(1) and 170(b)(1)(A)(vi) and received from any one contributor, during the year, a contribution ofthe greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line lh, or (ii) Form 990-EZ, line 1.Complete Parts I and II.
For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,during the year, total contributions of more than $1,000 for use exclusively for religious, charitable, scientific, literary,or educational purposes, or the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions didnot total to more than $1,000. If this box is checked, enter here the total contributions that were received during theyear for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Ruleapplies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 ormore during the year ......................................... ¯ $
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,990-EZ, or 990-PF), but it must answer "No" on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ or onPart I, line 2, of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions for Form 990, 990-EZ, or 990-PF. Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
JSA
1E1251 1.000
38960Y LZ6Z 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 19
Schedule B (Form 990. 990-EZ, or 990-PF) (2011)Name of organization CORPORATION FOR SUPPORTIVE HOUSING
PageEmployer identification number
13-3600232
~ Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) (b) (c) (d)No. Name, address, and ZIP + 4 Total contributions Type of contribution
(a)No.
(a)No.
(a)No.
(a)No.
(a)No.
THE ROBERT WOOD FOUNDATION
C/O CSH, 50 BROADWAY
NEWYORK, NY 10004
(b)Name, address, and ZIP + 4
FANNIE MAE FOUNDATION
C/O CSH, 50 BROADWAY
NEW YORK, NY 10004
$ 2,186,471.
(c)Total contributions
(b)Name, address, and ZiP + 4
$ 525,000.
MELVILLE CHARITABL TRUST
C/O CSH, 50 BROADWAY
NEW YORK, NY 10004
(b)Name, address, and ZIP + 4
(c)Total contributions
$ 500,000.
(c)Total contributions
KRESGE FOUNDATION
C/O CSH, 50 BROADWAY
NEW YORK, NY 10004
(b)Name, address, and ZIP + 4
OPPORTUNITY FINANCE NETWORK
C/O CSH, 50 BROADWAY
NEW YORK, NY 10004
(b)Name, address, and ZiP + 4
CORP FOR NATIONAL & COMMUNITY SERVICE
C/O CSH, 50 BROADWAY
NEW YORK, NY 10004
$ 300,000.
(c)Total contributions
$ 231,000.
(c)Total contributions
$__ 2,300,000.
Person X
Payroll __Noncash ~
(Complete Part II if there isa noncash contribution.)
(d)Type of contribution
Person XPayroll __Noncash
(Complete Part II if there isa noncash contribution.)
(d)Type of contribution
PersonPayrollNoncash
(Complete Part II if there isa noncash contribution.)
(d)Type of contribution
Person X
Payroll __Noncash __
(Complete Part II if there isa noncash contribution.)
(d)Type of contribution
Person X
Payroll __Noncash __
(Complete Part II if there isa noncash contribution.)
(d)Type of contribution
Person X_~
Payroll __Noncash __
(Complete Part II if there isa noncash contribution.)
Schedule B (Form 990,990-EZ, or 990-PF) (2011)
300748 PAGE 20
JSA
1E1253 1.00038960Y LI61 10/3/2012 8:38:07 AM V 11-6
Schedule B (Form 990,990-EZ, or 990-PF) (2011)Name of organization CORPORATION FOR SUPPORTIVE HOUSING
Page 2Employer identification number
13-3600232
~ Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) (b) (c) (d)No, Name, address, and ZIP + 4 Total contributions Type of contribution
(a)No.
8
(a)No,
(a)No.
(a)No.
(a)No.
U.S DEPARTMENT OF TREASURY
C/O CSH, 50 BROADWAY
NEWYORK, NY 10004
$ 1,500,000.
(b)Name, address, and ZIP + 4
(c)Total contributions
UNIHEALTH FOUNDATION
C/O CSH, 50 BROADWAY
NEW YORK, NY 10004
(b)Name, address, and ZIP + 4
(b)Name, address, and ZIP + 4
(b)Name, address, and ZIP + 4
(b)Name, address, and ZIP + 4
$ 410,000.
(c)Total contributions
(c)Total contributions
(c)Total contributions
(c)Total contributions
Person X
Payroll __Noncash __
(Complete Part II if there isa noncash contribution.)
(d)Type of contribution
Person ZPayrollNoncash __
(Complete Part II if there isa noncash contribution.)
(d)Type of contribution
Person __Payroll __Noncash __
(Complete Part II if there isa noncash contribution.)
(d)Type of contribution
Person __Payroll __Noncash __
(Complete Part II if there isa noncash contribution.)
(d)Type of contribution
Person __Payroll __Noncash __
(Complete Part II if there isa noncash contribution.)
(d)Type of contribution
Person __Payroll __Noncash __
(Complete Part II if there isa noncash contribution.)
Schedule B (Form 990,990-EZ, or 990-PF) (2011)
300748 PAGE 21
JSA
1E1253 1,000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6
Schedule B (Form 990,990-EZ, or 990-PF) (2011) iName of organization CORPORATION FORSUPPORTIVE HOUSING Employer iden~fica~on number
13-3600232
Page 3
Part II Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.fromPart I
(a) No.fromPart I
(a) No.fromPart I
(a) No.fromPart I
(a) No.fromPart I
(a) No.fromPart I
(b)Description of noncash property given
(b)Description of noncash property given
(b)Description of noncash property given
(b)Description of noncash property given
(b)Description of noncash property given
(b)Description of noncash property given
(c)FMV (or estimate)(see instructions)
(c)FMV (or estimate)(see instructions)
(c)FMV (or estimate)(see instructions)
(d)
Date received
(d)
Date received
(d)Date received
(c)FMV (or estimate)(see instructions)
(c)FMV (or estimate)(see instructions)
(d)Date received
(d)Date received
(c)FMV (or estimate)(see instructions)
(d)Date received
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)JSA1E1254 1.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 22
Schedule B (Form 990, 990oEZ, or 990-PF) (2011)_~~Na-~eof~ C--~P~ ~SUPPORTIVE HOUSING Employer identification number
13-3600232
Page 4
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizationsthat total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
(a) No.fromPart I
(a) No.fromPart I
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,contributions of $1,000 or less for the year. (Enter this information once. See instructions.) ¯ $Use duplicate copies of Part III if additional space is needed.
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
Transferee’s name, address, and ZIP + 4
(e) Transfer of gift
Relationship of transferor to transferee
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
Transferee’s name, address, and ZIP + 4
(e) Transfer of gift
Relationship of transferor to transferee
(a) No.from (b) Purpose of gift (c) Use of gift (d) Description of how gift is heldPart I
Transferee’s name, address, and ZIP + 4
(e) Transfer of gift
Relationship of transferor to transferee
(a) No.from (b) Purpose of gift (c) Use of gift (d) Description of how gift is heldPart I
Transferee’s name, address, and ZIP + 4
(e) Transfer of gift
Relationship of transferor to transferee
Schedule B (Form 990,990-EZ, or 990-PF)(2011)
300748 PAGE 23
JSA
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SCHEDULE C(Form 990 or 990-EZ)
Department of the TreasuryInternal Revenue Service
Pc cal Campaign and Lobbying !ivities
For Organizations Exempt From Income Tax Under section 501(c) and section 527
¯ Complete if the organization is described below. ¯ Attach to Form 990 or Form 990-EZ.
¯ See separate instructions.
OMB No. 1545-0047
If the organization answered "Yes" to Form 990, Part IV, line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then¯ Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
¯ Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
¯ Section 527 organizations: Complete Part I-A only. ¯
If the organization answered "Yes" to Form 990, Part IV, line 4, or Form 990-EZ, Part Vi, line 47 (Lobbying Activities), then¯ Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
¯ Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" to Form 990, Part IV, line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35c (Proxy Tax), then¯ Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of organization Employer identification number
CORPORATION FOR SUPPORTIVE HOUSING 13-3600232
|~t’~|ff.’, Complete if the orqanization is exempt under section 501(c) or is a section 527 organization.1 Provide a description of the organization’s direct and indirect political campaign activities in Part IV.2 Political expenditures ........................................ ¯ $3 Volunteer hours .............................................
I~"R|~:| Complete if the organization is exempt under section 501(c)(3).1 Enter the amount of any excise tax incurred by the organization under section 4955 ...... ¯ $2 Enter the amount of any excise tax incurred by organization managers under section 4955.. ¯ $3 If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ................ ~.~ Yes4a Was a correction made? ............................................... L__J Yes
b If "Yes," describe in Part IV.
I~’R|E~] Complete if the organization is exempt under section 501(c), except section 501(c)(3).
No
(1)
(2)
(3)
(4)
(s)
(6)
1 Enter the amount directly expended by the filing organization for section 527 exempt functionactivities ............................................... ¯ $
2 Enter the amount of the filing organization’s funds contributed to other organizations for section527 exempt function activities ................................... ¯ $
3 Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL,line 1 7b ............................................... ¯ $
4 Did the filing organization file Form 1120-POL for this year? ............................ D Yes ~] No5 Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enterthe amount of political contributions received that were promptly and directly delivered to a separate political organization, suchas a separate segregated fund or a political action committee PAC). If additional s )ace is needed, provide information in Part IV.
(b) Address (c) EIN(a) Name (d) Amount paid from (e) Amount of politicalfiling organization’s contributions received and
funds. If none, enter -0-. promptly and directlydelivered to a separatepolitical organization. If
none, enter-0-,
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule C (Form 990 or 990-EZ) 2011
JSA1 E1264 1.000
38960Y L161 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 24
Schedu,eC(~ormSgOo~SSO-£Z)2011 ~_~_I__..O__.N FOR SUPPORTIVE HOUSING
Complete if the organi~l~l~on is exempt under section 501(c)(3)section 501(h)).
13-3600232 P~e2
led Form 5768 (election under
A Check ¯t~.J if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member’sname, address, EIN, expenses, and share of excess lobbying expenditures).
B Check ¯ ~ if the filing organization checked box A and "limited control" provisions apply.Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.)
1 a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......b Total lobbying expenditures to influence a legislative body (direct lobbying) .......c Total lobbying expenditures (add lines la and lb) .....................d Other exempt purpose expenditures ............................e Total exempt purpose expenditures (add lines lc and ld) .................f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.If the amount on line le, column (a) or (b) is:Not over $500,000Over $500,000 but not over $1,000,000
The lobbying nontaxable amount is:20% of the amount on line le.$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000 $175,000 plus 10% of the excess over $1,000,000Over $1,500,000 but not over $17,000,000 $225,000 plus 5% of the excess over $1,500,000.Over $17,000,000 $1,000,000.
(a) Filingorganization’s totals
2,380.
16,160.
18,540.
20,845,494.
20,864,034.
1,000,000.
250,000.Grassroots nontaxable amount (enter 25% of line lf) ...................Subtract line lg from line la. If zero or less, enter -0- . .................. 0
Subtract line If from line lc. If zero or less, enter-0- 0
If there is an amount other than zero on either line lh or line 1 i, did the organization file Form 4720reportin9 section 4911 tax for this year? ....................................... ~ Yes
4-Year Averaging Period Under Section 501(h)(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
(b) Affiliatedgroup totals
~’] No
Calendar year (or fiscal yearbeginning in)
Lobbying Expenditures During 4-Year Averaging Period
(a) 2008
Lobbying nontaxable amount1,000,000.
Lobbying ceiling amount(150% of line 2a, column (e))
Total lobbying expenditures
d Grassroots nontaxable amount
e Grassroots ceiling amount(150% of line 2d, column (e))
80,320
250,000
(b) 2009
1,000,000.
53,434.
250,000.
(c) 2010
1,000,000
12,825
250,000
f G rassroots lobbying expenditures8 0,3 2 0. 3 5,7 6 6. 6, 13 7.
(d) 2011
1,000,000
18,540
250,000
(e) Total
4,000,000.
6,000,000.
165,119.
1,000,000.
1,500,000.
2,380 124,603.Schedule C Form 990 or 990-EZ) 2011
JSA1E1265 1.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 25
COB FOR SUPPORTIVE HOUSING 13-3600232
Schedule C (Form 990 or 990-EZ) 2011
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768(election under section 501(h)).
Page 3
For each ’~Yes" response to lines la through li below, provide in Part IV a detailed descriptionof the lobbying activity.
a
fghi
b
During the year, did the filing organization attempt to influence foreign, national, state or locallegislation, including any attempt to influence public opinion on a legislative matter orreferendum, through the use of:Volunteers?Paid staff or ~n&r~a~r~e’nt’(in~l~d~ "c~r~ p’e~s’aiio’n’in" ~x6e’n~e~ ~e’p~r{e~ ~ lin~ l"c’tl~r~)~g~ "1 ii?Media advertisements? ........................................Mailings to members, legislators, or the public? ...........................Publications, or published or broadcast statements?Grants to other organizations for lobbying purposes? ........................Direct contact with legislators, their staffs, government officials, or a legislative body? ......Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means?Other activities?Total. Add lines lc through liDid the activities in line 1 cause the organization to be not described in section 501(c)(3)?If "Yes," enter the amount of any tax incurred under section 4912 . =:If ’~’es," enter the amount of any tax incurred by organization managers under section 4912If the filin£ organization incurred a section 4912 tax, did it file Form 4720 for this year?. .....
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section501(c)(6).
(a) (b)
Yes No Amount
No
1 Were substantially all (90% or more) dues received nondeductible by members?2 Did the organization make only in-house lobbying expenditures of $2,000 or less? 23 Did the organization agree to carry over lobbying and political expenditures from the prior year? .......... 3
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section501(c)(6) and if either (a) BOTH Part Ill-A, lines 1 and 2, are answered "No" OR (b) Part Ill-A, line 3, isanswered "Yes."
1 Dues, assessments and similar amounts from members ............................2 Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of
political expenses for which the section 527(f) tax was paid).
a Current year ....................................................b Carryover from last year .............................................c Total ........................................................
3 Aggregate amount reported in section 6033(e)(1 )(A) notices of nondeductible section 162(e) dues ....4 If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the
excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbyingand political expenditure next year?. .......................................
5 Taxable amount of lobbying and political expenditures (see instructions) ...................| =,~"f~| k’~ Supplemental Information
Complete this part to provide the descriptions required for Part I-A, line 1 ; Part I-B, line 4; Part I-C, line 5; Part II-A; and Part II-B, line1. Also, complete this part for any additional information.
JSA1E1266 1.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748
Schedule C (Form 990 or 990-EZ) 2011
PAGE 26
SCHEDULE D
(Form 990)
OMB No. 1545-0047pplemental Financial Stater nts
¯ Complete if the organization answered "Yes," to Form 990,Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
I~ Attach to Form 990. ¯ See separate instructions.Employer identification number
13-3600232
Department of the TreasuryInternal Revenue ServiceName of the organization
CORPORATION FOR SUPPORTIVE HOUSING
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if theorganization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
Total number at end of year ...........Aggregate contributions to (during year) ....Aggregate grants from (during year) .......Aggregate value at end of year ..........Did the organization inform all donors and donor advisors in writing that the assets held in donor advisedfunds are the organization’s property, subject to the organization’s exclusive legal control? ........... D Yes [] NoDid the organization inform all grantees, donors, and donor advisors in writing that grant funds can be usedonly for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purposeconferrin,q impermissible private benefit? ...................................... D Yes [] No
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
P[~ose(s) of conservation easements held by the organization (check all that apply).Preservation of land for public use (e.g., recreation or education) ~ Preservation of an historically important land area
Protection of natural habitat L.__I Preservation of a certified historic structurePreservation of open space
2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservationeasement on the last day of the taxyear.
~ Held at the End of the Tax Year
a Total number of conservation easements ............................ 2a
b Total acreage restricted by conservation easements ...................... 2b
c Number of conservation easements on a certified historic structure included in (a) ...... 2c
d Number of conservation easements included in (c) acquired after 8/17/06, and not on ahistoric structure listed in the National Register ......................... 2d
3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during thetax year ¯
4 Number of states where property subject to conservation easement is located ¯5 Does the organization have a written policy regarding the periodic monitoring, inspection, handling of
violations, and enforcement of the conservation easements it holds? ....................... [] Yes D No
6 Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
7 Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? ............................................ D Yes [] No
9 In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, andbalance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes theorganization’s accounting for conservation easements.
~ Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
la If the or.qanization elected as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheetworks of" art historical treasures or other similar assets held for public exhibition, education, or research in furtherance ofpublic service, provide, in Part XIV, the text of the footnote to its f nanc a statements that describes these items.
b If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheetworks of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance ofpublic service, provide the following amounts relating to these items:(i) Revenues included in Form 990, Part VIII, line 1 ............................. ¯ $(ii) Assets included in Form 990, Part X ................................... ¯ $
2 If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide thefollowing amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a Revenues included in Form 990, Part VIII, line 1 ............................... ¯ $b Assets included in Form 990, Part X ..................................... p $
For Paperwork Reduction Act Notice, see the Instructions for Form 990°JSA
1 E1268 1.00038960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748
Schedule D (Form 990) 2011
PAGE 28
CO] FOR SUPPORTIVE HOUSING 13-3600232
Schedule D (Form 990) 2011
|~"Ti|ll| Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)Page
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of itscollection items (check all that apply):
E~ Public exhibition d [] Loan or exchange programs
~ Scholarly researche[~ Other
Preservation for future generationsProvide a description of the organization’s collections and explain how they further the organization’s exempt purpose in PartXIV.During the year, did the organization solicit or receive donations of art, historical treasures, or other similarassets to be sold to raise funds rather than to be maintained as part of the organization’s collection? ...... ~ Yes ~ No
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990, Part IV,line 9, or reported an amount on Form 990, Part X, line 21.
I PEftqV
la Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets notincluded on Form 990, Part X? ............................................ U Yes L__J No
b If "Yes," explain the arrangement in Part XIV and complete the following table:
If
Amountc Beginning balance .................................. lcd Additions during the year .............................. lde Distributions during the year ............................. lef Ending balance ....................................
2a Did the organization include an amount on Form 990, Part X, line 21? ...................... ~ Yes L__J Nob If "Yes," explain the arrangement in Part XIV.
Part V Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.(a) Current year (b) Prior year (c) Two years back (d) Three years back
la Beginning of year balance ....b Contributions ...........c Net investment earnings, gains,
and losses .............d Grants or scholarships ......e Other expenditures for facilities .
and programs ...........Administrative expenses .....End of year balance ........
fg
2abC
Provide the estimated percentage of the current year end balance (line lg, column (a)) held as:Board designated or quasi-endowment ¯ %Permanent endowment ¯ %Temporarily restricted endowment ¯ %The percentages in lines 2a, 2b, and 2c should equal 100%.
3a Are there endowment funds not in the possession of the organization that are held and administered for theorganization by:(i) unrelated organizations ...............................................(ii) related organizations ................................................
b If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? ..................4 Describe in Part XIV the intended uses of the organization’s endowment funds.
3a(i)3a(ii’,3b
Yes No
Land, Buildings, and Equipment. See Form 990, Part X, line 10.Description of property (a) Cost or other basis (b) Cost or other basis
I a Land .....................b Buildings ..................c Leasehold improvements ..........d Equipment .................e Other ....................
(investment) (other)(c) Accumulated
depreciation(d) Book value
477,990. 351,587 126,403.
1,170,409. 993,567 176,842.
Total. Add lines la through le. (Column (d) must equal Form 990, Part X, column (B), line 10(c).) ...... ¯ 303,245.Schedule D (Form 990)2011
JSA1E1269 1.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 29
CO FOR SUPPORTIVE HOUSING 13-3600232
Schedule D (Form 990) 2011
~ Investments- Other Securities. See Form 990, Part X, line 12. -(a) Description of security or category (b) Book value (c) Method of valuation:
(including name of security) Cost or end-of-year market value
Page 3
(1) Financial derivatives .................(2) Closely-held equity interests .............(3) Other
(A)(B)(C)(D)(E)(F)(G)(H)(I)
Total. (Column (b) must equal Form 990, Part X, col, (B) line 12.) ¯
(1)(2)(3)(4)(5)(6)(7)(8)(9)
(10)Total. (Column (b) must equal Form 990, Part X, col. (B) line 13,)
Investments - Program Related. See Form 990, Part X, line 13.(a) Description of investment type (b) Book value
Other Assets. See Form 990, Part X, line 15.
(¢) Method of valuation:Cost or end-of-year market value
(a) Description (b) Book value
(1)(2)(3)(4)(5)(6)(7)(8)(9)
(10)Total. (Column (b) must equal Form 990, PartX, col. (B) line 15.) .................................
|~P:1’1~:~ Other Liabilities. See Form 990, Part X, line 25.1. (a) Description of liability (b) Book value
(1) Federal income taxes(2)(3)(4)(5)(6)(7)(8)(9)
(lO)(11)Total. (Column (b) must equal Form 990, Part X, col. (B) line 25.) ¯
2. FIN 48 (ASC 740) Footnote. In Part XlV, provide the text of the footnote to the organization’s financial statements that reports theorganization’s liability for uncertain tax positions under FIN 48 (ASC 740)~JSA Schedule D (Form 990) 2011
1E1270 1.00038960Y LI61 10/3/2012 8:38:07 AM V Ii-6 300748 PAGE 30
FOR SUPPORTIVE HOUSING 13-3600232
Schedule D (Form 990) 2011
|:~%-’1~:~| Reconciliation of Chan£1e in Net Assets from Form 990 to Audited Financial Statements1 Total revenue (Form 990, Part VIII, column (A), line 12) ........................ 12 Total expenses (Form 990, Part IX, column (A), line 25) ........................ 23 Excess or (deficit) for the year. Subtract line 2 from line 1 ....................... 34 Net unrealized gains (losses) on investments .............................. 45 Donated services and use of facilities 56 Investment expenses ........................................... 67 Prior period adjustments ......................................... 78 Other (Describe in Part XIV~)
¯ 89 Total adjustments (net). Add lines 4 through 8 ............................. 9
10 Excess or (deficit) for the year per audited financial statements. Combine lines 3 and 9 ....... 10I~I]~:~II Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue, gains, and other support per audited financial statements .................Amounts included on line 1 but not on Form 990, Part VIII, line 12:Net unrealized gains on investments ...................... 2aDonated services and use of facilities ......................
262dRecoveries of prior year grants .......................... 2cOther (Describe in Part XIV.) ...........................Add lines 2a through 2d ...................................... . .....Subtract line 2e from line 1 .........................................Amounts included on Form 990, Part VIII, line 12, but not on line 1:
4bInvestment expenses not included on Form 990, Part VIII, line 7b ....... 4aOther (Describe in Part XIV.) ........................... ,Add lines 4a and 4bTotal revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ..............
I :~T~B:411112
a
Reconciliation of Expenses per Audited Financial Statements With Expenses per ReturnTotal expenses and losses per audited financial statementsAmounts included on line 1 but not on Form 990, Part IX, line 25:Donated services and use of facilities ...................... 2aPrior year adjustments ..............................
2b2dOther losses .................................... 2cOther (Describe in Part XIV.) ...........................Add lines 2a through 2dSubtract line 2e from line 1 .........................................Amounts included on Form 990, Part IX, line 25, but not on line 1:Investment expenses not included on Form 990, Part VIII, line 7b I 4a IOther (Describe in PartXlV.) ................... i i i i i i ii 4bAdd lines 4a and 4bTotal expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, fine 18.) ..............
Supplemental Information
Page 4
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines la and 4; Part IV, lines I b and 2b;Part V, line 4; Part X, line 2; Part XI, line 8; Part XII, lines 2d and 4b; and Part Xlll, lines 2d and 4b. Also complete this part to provideany additional information.
FIN 48 FOOTNOTE
CSH FOLLOWS THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION ("ASC")
740-10-05 RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME
TAXES. BECAUSE OF CSH’S GENERAL TAX-EXEMPT STATUS, ASC 740-10-05 HAS NOT
HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON CSH’S FINANCIAL
STATEMENTS.
ScheduleD(Fo~ 990)2011
JSA
1E1271 1.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 31
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SCHEDULE J(Form 990)
Compensation InformationFor certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees¯ Complete if the organization answered ’~es" to Form 990,
Part IV, line 23.¯ Attach to Form 990. ¯ See separate instructions.
OMB No. 1545-0047
Open to PublicInspection
Department of the TreasuryInternal Revenue Service
Name of the organization ] Employer identification number
CORPORATION FOR SUPPORTIVE HOUSINGI 13-3600232
|~r’~| Questions Regarding Compensation
la Check the appropriate box(es) if the organization provided any of the following to or for a person listed in Form990, Part VII, Section A, line la. Complete Part III to provide any relevant information regarding these items.
__ First-class or charter travel __ Housing allowance or residence for personal use
__ Travel for companions __ Payments for business use of personal residence
__ Tax indemnification and gross-up payments __ Health or social club dues or initiation fees__ Discretionary spending account __ Personal services (e.g., maid, chauffeur, chef)
b If any of the boxes on line la are checked, did the organization follow a written policy regarding paymentor reimbursement or provision of all of the expenses described above? If "No," complete Part III toexplain .........................................................
2 Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all officers,directors, trustees, and the CEO/Executive Director, regarding the items checked in line la? ...........
3 Indicate which, if any, of the following the filing organization used to establish the compensation of theorganization’s CEO/Executive Director. Check all that apply. Do not check any boxes for methods used by arelated organization to establish compensation of the CEO/Executive Director. Explain in Part II1.
__ Compensation committee ~ Written employment contractIndependent compensation consultant ~ Compensation survey or study
_~X Form 990 of other organizations ~ Approval by the board or compensation committee
4 During the year, did any person listed in Form 990, Part VII, Section A, line la, with respect to the filingorgamzation or a related organization:
a Receive a severance payment or change-of-control payment? ............................b Participate in, or receive payment from, a supplemental nonqualified retirement plan? ..............c Participate in, or receive payment from, an equity-based compensation arrangement? ...............
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part II1.
Only section 501(c)(3) and 501(c)(4) organizations must complete Fines 5-9.5 For persons listed in Form 990, Part VII, Section A, line la, did the organization pay or accrue any
compensation contingent on the revenues of:a The organization? ...................................................b Any related organization? ...............................................
If "Yes" to line 5a or 5b, describe in Part III.6 For persons listed in Form 990, Part VII, Section A, line la, did the organization pay or accrue any
compensation contingent on the net earnings of:a The organization? ...................................................b Any related organization? ...................................... ¯ .........
If "Yes" to line 6a or 6b, describe in Part t11.7 For persons listed in Form 990, Part VII, Section A, line la, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part I11 ........................8 Were any amounts reported in Form 990, Part VII, paid or accrued pursuant to a contract that was subject
to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describein Part III ........................................................
9 If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described inRegulations section 53.4958-6(c)? ..........................................
Yes No
fi t
lb
2
4a X
4b X
5a X
5b X
XX
7 X
8 X
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule J (Form 990)2011
JSA1E1290 1.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748 PAGE 40
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SCHEDULE O(Form 990 or 990-EZ)
Department of the TreasuryInternal Revenue Service
Supplem ental Information to Form 990-EZComplete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.,Attach to Form 990 or 990-EZ.
Name of the organization
CORPORATION FOR SUPPORTIVE HOUSING
OMB No. 1545-0047
Employer identification number13-3600232
FORM 8868
FORM 8868 - APPLICATION FOR EXTENSION OF TIME TO FILE AN EXEMPT
ORGANIZATION RETURN WAS ELECTRONICALLY FILED.
FORM 990, PART VI
SECTION A, LINE 6
CSH IS INCORPORATED AS A NONPROFIT MEMBERSHIP ORGANIZATION WHOSE
DIRECTORS, AS PER THE BYLAW’S OF THE ORGANIZATION, ELECT THE NEW MEMBERS
OF THE GOVERNING BODY.
SECTION A, LINE 7A & 7B
THE BOARD OF DIRECTORS SHALL CONSIST OF NOT LESS THAN THREE MEMBERS OF
THE CORPORATION. THE BOARD AND ITS MEMBERS RESERVE THE RIGHTTO ADOPT
BY-LAWS OF THE CORPORATION AT REGULAR AND SPECIAL MEETINGS SOAS LONG AS
THEY ARE NOT INCONSISTENT WITH THE PROVISIONS OF THE ARTICLES OF
INCORPORATION.
SECTION B, LINE IIA
MANAGEMENT OF CSH PROVIDES COPIES OF THE FORM 990 TO BOTH ITS AUDIT
COMMITTEE AND BOARD OF DIRECTORS TO REVIEW. THE AUDIT COMMITTE BASED ON
ITS REVIEW, RECOMMENDS TO THE BOARD OF DIRECTORS ACTION TO BE TAKEN ON
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.JsA
1 E1227 2.00038960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748
Schedule O (Form 990 or 990-EZ) (2011)
PAGE 43
Schedule O (Form 990 or 990-EZ)2011
Name of the organization
CORPORATION FOR SUPPORTIVE HOUSING
Employer identification number
13-3600232
Page 2
THE RETURN; BASED ON THIS RECOMMENDATION AND ITS OWN REVIEW, THE BOARD OF
DIRECTORS MOVES FOR APPROVAL OF THE RETURN.
SECTION B, LINE 12C
CSH REQUIRES EACH OF ITS DIRECTORS TO SIGN A CONFLICT OF INTEREST POLICY
ANNUALLY.
SECTION B, LINE 15B
CSH’S BOARD OF DIRECTORS REVIEW THE RECOMMENDED COMPENSATION OF ITS
PRESIDENT, CFO AND OTHER TOP MANAGEMENT EMPLOYEES BASED ON ANALYZING
CURRENT MARKET TRENDS AND REVIEW OF SIMILAR ORGANIZATIONS’ FORM 990,
SURVEYS OF COMPARABLE LEVEL COMPENSATION AND BOARD REVIEW OF EMPLOYEES
PERFORMANCE.
SECTION C, LINE 19
THE ORGANIZATION MAKES ITS FORM 990 AND FINANCIAL STATEMENTS AVAILABLE
UPON REQUEST. THE GOVERNING DOCUMENTS AND CONFLICTS OF INTERESTPOLICY
ARE DISTRIBUTED INTERNALLY AND NOT MADE AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 5
RECONCILIATION OF OTHER CHANGES IN NET ASSET BALANCE:
NET UNREALIZED LOSSES ON INVESTMENTS $863,445
Schedule 0 (Form 990 or 990-EZ) 2011
PAGE 44
JSA
1 E1228 2.00038960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748
Schedule 0 (Form 990 or 990-EZ)2011Name of the organizationCORPORATION FOR SUPPORTIVE HOUSING
Employer identification number13-3600232
Page 2
RESTATEMENT OF PRIOR YEAR’S BALANCES $(308,483)
TOTAL OTHER CHANGES IN NET ASSET BALANCE $554,962
ATTACHMENT 1
FORM 990r PART III, LINE 1 - ORGANIZATION’S MISSION
FOR 20 YEARS, CSH HAS LED THE NATIONAL SUPPORTIVE HOUSING MOVEMENT.
WE HELP COMMUNITIES THROUGHOUT THE COUNTRY TRANSFORM HOW THEY ADDRESS
HOMELESSNESS AND IMPROVE PEOPLE’S LIVES. CSH DEVELOPS INNOVATIVE
PROGRAM MODELS, PROVIDES RESEARCH-BACKED TOOLS AND TRAINING, OFFERS
DEVELOPMENT EXPERTISE, AND COLLABORATES ON PUBLIC POLICY AND SYSTEMS
REFORM. CSH IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL
INSTITUTION. WE MAKE IT EASIER TO CREATE AND OPERATE HIGH-QUALITY
AFFORDABLE HOUSING LINKED TO SERVICES. TO DATE, CSH HAS MADE OVER
$310 MILLION LOANS AND GRANTS, AND HAS BEEN A CATALYST FOR
APPROXIMATELY 172,000 UNITS OF SUPPORTIVE HOUSING.
ATTACHMENT 2
990, PART VII- COMPENSATION OF THE FIVE HIGHEST PAID IND. CONTRACTORS
NAME AND ADDRESS
POLICY RESEARCH ASSOCIATES
345 DELAWARE AVE
DELMAR, NY 12054
SHELTER PARTNERSHIP
523 WEST 6TH STREET
LOS ANGELES, CA 90014
CENTER FOR URBAN COMMUNITY SERVICES
120 WALL STREET
NEW YORK, NY 10005
SHELTER PARTNERSHIP
DESCRIPTION OF SERVICES
HUD PROJ CONSULTANT
STRATEGIC CONSULTANT
DATA ANALYSIS
TECHNICAL ASSISTANCE
COMPENSATION
108,500.
117,478.
237,376.
117,478.
Schedule 0 (Form 990 or 990-EZ) 2011
PAGE 45
JSA
1E1228 2.000
38960Y LI6Z 10/3/2012 8:38:07 AM V 11-6 300748
Schedule O (Form 990 or 990-EZ)2011Name of the organizationCORPORATION FOR SUPPORTIVE HOUSING
PageEmployer identification number
13-3600232
ATTACHMENT 2 (CONT’D)
990, PART VII- COMPENSATION OF THE FIVE HIGHEST PAID IND. CONTRACTORS
NAME AND ADDRESS
523 WEST SIXTH STREET, STE. 6
LOS ANGELES, CA 90014
URBAN INSTITUTE
PO BOX 7273, DEPT A-I
WASHINGTON, DC 20044
TOTAL COMPENSATION
DESCRIPTION OF SERVICES
DATA ANALYSIS
COMPENSATION
155,953.
736,785.
Schedule 0 (Form 990 or 990-EZ) 2011
PAGE 46
JSA1E1228 2.000
38960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748
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FOR SUPPORTIVE HOUSING 13-3600232
Schedule R (Form 990) 2011 Page
Supplemental InformationComplete this part to provide additional information for responses to questions on Schedule R (seeinstructions).
P~t-VII
1E1510 2.00038960Y LI61 10/3/2012 8:38:07 AM V 11-6 300748
ScheduleR(Form 990) 2011
PAGE 51
EISNERAMPERACCOUNTANTS & ADVISORS
EisnerAmper LLP750 Third Avenue
New York, NY 10017-2703T 212.949.8700F 212.891.4100
www.eisneramper.com
INSTRUCTIONS FOR FILINGCORPORATIONFOR SUPPORTIVE HOUSING
NY FORM 500NEW YORK 500 - ANNUAL FILING FOR CHARITABLE ORG.
FOR THE PERIOD ENDED DECEMBER 31, 2011
*************************
SIGNATURE...THE ORIGINAL RETURN SHOULD BE DATED AND SIGNED BY TWO OFFICERSOF ORGANIZATION.
FILING...THE SIGNED RETURN SHOULD BE FILED ON OR BEFORE NOVEMBER 15, 2012WITH...
NYS DEPARTMENT OF LAW
(OFFICE OF THE ATTORNEY GENERAL)CHARITIES BUREAU - REGISTRATION SECTION
120 BROADWAYNEW YORK, NEW YORK 10271
A FILING FEE OF $775. MUST BE SUBMITTED WITH THE REPORT PAYABLE
TO THE NYS DEPARTMENT OF LAW.
XL07811.000
New York I New JerseyI Pennsylvania l Cayman IslandsEisnerAmper is an independent member of PKF International Limited
Fo~n C HAR500
~i~ fo~ ~ ~
A~ual Filing for Charitable Org~New York State Department of Law (Office of the Attorney General)
Charities Bureau - Registration Section120 Broadway
New York, NY 10271http ://www.charities nys.com
2011
a. For the fiscal year beginning (mm/dd/yy~//01/01 I 2 011 and ending/mm/dd/~’y~/b. Check if applicable for NYS:
Address changeName changeInitial filingFinal filing
__ Amended filing__ NY registration pending
12/31/2011
c. NameoforganizaSonCORPORATION FOR SUPPORTIVE HOUSING
Number and street (or P.O. box if mail not delivered to street add~ss) Room/suite
50 BROADWAY 17THCity or town, state or count~ and zip + 4
NEW YORK,NY,10004
d. Fed. employer ID no. (EIN)
13-3600232e. NY State registration no. (##-##-##)
04-78-53f. Telephone number
(212) 986-2966g. Email
CSH. ORG
We certify under penalties of perjury that we reviewed this report, including all attachments, and to the best of our knowledge and belief, they are true,correct and complete in accordance with the laws of the State of New York applicable to this report.
Signature Printed Name Title Date
Signature Printed Name Title Date
a. Article 7-A annual report exemption (Article 7-A registrants and dual registrants)Check ¯ L_.J if total contributions from NY State (including residents, foundations, corporations, government agendes, etc.) did not exceed
$25,000 an~d the organization did not engage a professional fund raiser (PFR) or fund raising counsel (FRC) to solicitcontributions during this fiscal year.
NOTE: An organization may claim this exemption if no PFR or FRC was used and either: 1 ) it received an allocation from a federated fund,United Way or incorporated community appeal an~d contributions from other sources did not exceed $25,000 or 2) it received all orsubstantially all of its contributions from one government agency to which it submitted an annual report similar to that required by Article 7-A.
b. EPTL annual report exemption (EPTL registrants and dual registrants)Check ¯ U if gross receipts did not exceed $25,000 and assets (market value) did not exceed $25,000 at any time during this fiscal year.
If you did not check the Article 7oA annual report exemption above, complete the following for this fiscal year: F---"Ia. Did the organization use a professional fund raiser, fund raising counsel or commercial co-venturar for fund raising activity in NY State? . . . L_J Yes* L~ No
* If "Yes", complete Schedule 4a.b. Did the organization receive government contributions (grants)? ............................. L~ Yes* L___J No
* If "Yes", complete Schedule 4b.
Indicate the filing fee(s) you are submitting along with this form:a. Article 7-A filing fee .......................... $ 2 5.b. EPTL filing fee ............................. $ 750.c. Total fee ............................... $ 775.
6. Attachments - For organizations that are not claiming annual report exemptions under both laws, see last page for required attachments "~ "-~ "~ 1
1 CHAR500 - 20111J3542 1.000
38960Y LI61 10/3/2012 8:21:12 AM V 11-6 300748 PAGE 19
Form 88~8 (Rev. 1-2012) Page 2
¯ ¯ If yOU are filing for an Additional (Not Automatic) 3-Month Extension, complete only P I and check this box ........ ¯ ~
Note. Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868.
¯ If you are filing for an Automatic 3-Month Extension, complete only Part I (on page 1).|’,,’~3311| Additional (Not Automatic) 3,Month Extension of Time. Only file the original (no copies needed).
Enter flier’s identifying number, see instructions
Type orprint
FiFe by thedue date forfiling yourretum. Seeinstructions.
Name of exempt organization or other flier, see instructions.
CORPORATION FOR SUPPORTIVE HOUSINGNumber, street, androomorsuiteno, lfaEO, bo~seeinstru~ons.50 BROADWAY
City, townorpostoffice, state, andZIP ~de. Foraforeignaddress, seeins~ions.
NEW YORK, NY 10004
Enter the Return code for the return that this application is for (fileApplication ReturnIs,For Code
Form 990 0102Form 990-BL
Form 990-EZ 01
Form 990-PF 0405Form 990-T (sec. 401 (a) or 408(a) trust)
Form 990-T (trust other than above) 06
Employer identification number (EIN) or
13-3600232Social security number (SSN)
separate application for each return) ............ I 01 11Application Return
Is For Code
Form 1041-A 08
Form 4720 09
Form 5227 1 0
Form 6069 t 1
Form 8870 1 2
STOP! Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868.¯ The books are in the care of ¯ DAVID PROVOST
TelephoneNo. ¯ 212 986-2966 . FAXNo.¯ 212 986-6552¯ If the organization does not have an office or place of business in the United States, check this box ............... ¯ ~-]
¯ If this is for a Group Return, enter the organization’s four digit Group Exemption Number (GEN) . If this is
for the whole group, check this box ...... ¯ ~-] . If it is for part of the group, check this box .......̄ L_._J and attach alist with the names and EINs of all members the extension is for.
I request an additional 3-month extension of time until 11/15 , 20 12
For calendar year 2 0 1 !, or other tax year beginning ,20 , and endingIf the tax year entered in line 5 is for less than 12 months, check reason: F--I Initial return I I Final return1"--~ Change in accounting periodState in detail why you need the extension INFORMATION NECESSARY TO PREPARE A COMPLETE ANDACCURATE RETURN IS NOT YET AVAILABLE.
,2O
8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less anynonrefundable credits. See instructions. 8a
b 990-PF, 990-T, 4720, or 6069, enter any refundable credits andInclude any prior year overpayment allowed as a credit and any
c(Electronic Federal Tax Payment System). See instructions.
If this application is for Formestimated tax payments made.amount paid previously with Form 8868. 8b
Balance Due. Subtract line 8b from line 8a. Include your payment with this form, if required, by using EFTPS 8c
Signature and Verification must be completed for Part II only.
Under penalties of perjury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief,it is true, correct, and complete, and that [ am authorized to prepare this form.
Form 8868 (Rev. 1-2012)
JSA1F80554.000
38960Y LI61 7/31/2012 8:47:45 AM V 11-5 300748 PAGE 1
Fo= 8 8 6 8 Ap tion for Extension of Time le an(Rev. January2012) Exempt Organization Return oM8 No. 1545-1709Department of the TreasuryInternal Revenue Servfce ¯ File a separate application for each return.
¯ If yOU are filing for an Automatic 3-Month Extension, complete only Part I and check this box ................. ¯ ~¯ If you are filing for an Additional (Not Automatic) 3-Month Extension, complete only Part II (on page 2 of this form).Do not complete Part fl unless you have already been granted an automatic 3-month extension on a previously filed Form 8868.
Electronic filing (e-file). You can electronically file Form 8868 if you need a 3-month automatic extension of time to file (6 months fora corporation required to file Form 990-T), or an additional (not automatic) 3-month extension of time. You can electronically file Form8868 to request an extension of time to file any of the forms listed in Part I or Part II with the exception of Form 8870, InformationReturn for Transfers Associated With Certain Personal Benefit Contracts, which must be sent to the IRS in paper format (seeinstructions). For more details on the electronic filing of this form, visit www.irs.gov/efile and click on e-file for Charities & Nonprofits.|~"T~I| Automatic 3-Month Extension of Time. Only submit original (no copies needed).A corporation required to file Form 990-T and requesting an automatic 6-month extension - check this box and completePart I only ................................................................. ¯
All other corporations (including 1120-C tilers), partnerships, REMICs, and trusts must use Form 7004 to request an extension of time
to file income tax returns. Enter flier’s identifying number, see instructionsName of exempt organization or other filer, see instructions.
Type orprintFile by thedue date forfiling yourreturn. Seeinstructions.
CORPORATION FOR SUPPORTIVE HOUSINGNumber, street, androomorsuiteno, ffaP.O, bo~seeins~uctions.
50 BROADWAYCity, town or post office, state, and ZIP code. For a foreign address, see instructions.
Employer identification number (EIN) or
13-3600232Social security number (SSN)
YORK, NY 10004
Enter the Return code for the return that this application is for (file a separate application for each return) ............ ~
ApplicationIs ForForm 990
ReturnCode01
ApplicationIs ForForm 990-T (corporation)
I Form 1041-A
ReturnCode
07
Form 990-BL 02 08
Form 990-EZ 01 Form 4720 09
Form 990-PF 04 Form 5227 10
05 Form 6069 11
Form 8870Form 990-T (see. 401(a) or 408(a) trust)Form 990-T (trust other than above) 06 12
¯ The books are in the care of ¯ DAVID PROVOST
Te[ephoneNo.¯ 212 986-2966 FAXNo.¯ 212 986-6552
¯ If the organization does not have an office or place of business in the United States, check this box ............... ¯ [’--]
¯ If this is for a Group Return, enter the organization’s four digit Group Exemption Number (GEN) . If this is
for the whole group, check this box ...... ¯ [] . If it is for part of the group, check this box .......̄ LJ and attacha list with the names and EINs of all members the extension is for.1 I request an automatic 3-month (6 months for a corporation required to file Form 990-T) extension of time
until 0 8/15 , 20 12 , to file the exempt organization return for the organization named above. The extension is
for the organization’s return for:¯ ~ calendar year 20 11or
¯ tax year beginning ,20~, and ending. ,20~
2 If the tax year entered in line 1 is for less than 12 months, check reason: [~ Initial return [~ Final return[-’-~ Change in accounting period
3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less anynonrefundable credits. See instructions. 3a $
b If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits andestimated tax payments made. Include any prior year overpayment allowed as a credit. 3b $
c Balance due. Subtract line 3b from line 3a. Include your payment with this form, if required, by using EFTPS(Electronic Federal Tax Payment System). See instructions. 3c $
Caution. If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-E© forpayment instructions.For Privacy Act and Paperwork Reduction Act Notice, see Instructions.JSA
1 F80544.00038960Y LI61 5/2/2012 1:43:33 PM V 11-4.3 300748
Form 8868 (Rev. 1-2012)
PAGE 1
Clifford, Michael
From:Sent:To:Cc:Subject:
Clifford, MichaelTuesday, July 31, 2012 9:53 [email protected], JulieCorporation for Supportive Housing - NYS Reg # 04-78-53, EIN# 13-3600232
To whom it may concern,
We respectfully request an additional three month extension of time to file the New York State AnnualFiling for Charitable Organizations (CHAR-500) for the year ended December 31,2011 on behalf ofCorporation for Supportive Housing with a New York State Registration number of 04-78-53 and anEIN number of 1-3-3600232. The information necessary to file a complete and accurate return is notyet available.
Thank you for your anticipated cooperation,
I~ichael CliffordSenior t4anager
michael.clifford(&,eisneramper.com
750 Third Avenue, New York NY 10017
Phone (,:~, ~, 89!.87601 fax (917) 286.2545
Clifford, Michael
From:Sent:To:Subject:
Clifford, MichaelThursday, May 03, 20].2 ].2::[5 PM’[email protected]’Corporation for Supportive Housing
To whom it may concern,
We are requesting an extension of time to file the New York State Annual Filing for CharitableOrganizations (CHAR-500) on behalf of the Corporation for Supportive Housing with a New YorkState Registration number of 04-78-53 and an EIN number of 13-3600232.
Thank you for your anticipated cooperation,
14ichael CliffordSenior Manager
michael.clifford~eisneramper.com
750 Third Avenue, New York NY 10017
Phone (212) 891,8760I fax (917) 286,2545
If you checked the box in question 4.b. on page 1, complete the following schedule for each government contribution (grant). Use additional copiesof this page if necessary to list each government contribution (grant) separately.
U.S. DEPARTMENT OF TREASURY $ 1,500,000.$$$$$$$$
~$
$$$$$$$$$$$$$$
3 CHAR500 - 20111J3544 1.000
38960Y LI61 10/3/2012 8:21:12 AM V 11-6 300748 PAGE 20
5. Fee Instructions
The filing fee depends on the organization’s Registration Type. For details on Registration Type and filing fees, see the Instructions for Form CHAR500.
Org,,anlzation’s Registration T~/pe Fee Instructions
¯ Article 7-A
¯ EPTL
¯ Dual
Calculate the Article 7-A filing fee using the table in part a below. The EPTL filing fee is $0.
Calculate the EPTL filing fee using the table in part b below. The Article 7-A filing fee is $0.
Calculate both the Article 7-A and EPTL filing fees using the tables in parts a and b below. Add the Article 7-A andEPTL filing fees together to calculate the total fee. Submit a ~ check or money order for the total fee.
a) Article 7-A filing fee
Total Support & Revenue Article 7-A Fee
more than $250,000 $25up to $250,000 * $10
Any organization that contracted with or used the services of a professional fund miser(PFR) or fund raising counsel (FRC) during the reporting period must pay an Article 7-Afiling fee of $25, regardless of total support and revenue.
b) EPTL filing fee
Net Worth at End of Year EPTL Fee
Less than $50,000 $25
$50,000 or more, but less than $250,000 $50
$250,000 or more, but less than $1,000,000 $100
$1,000,000 or more, but less than $10,000,000 $250
$10,000,000 or more, but less than $50,000,000 $750
$50,000,000 or more $1500
6. Attachments - Document Attachment Check-List
Check the boxes for the documents you are attaching.
For All Filers
Filing Fee
[] Single check or money order payable to "NYS Department of LaW’
Copies of Internal Revenue Service Forms
~ IRS Form 990
All required schedules (includingSchedule B)
[~] IRS Form 990-T
[~ IRS Form 990-EZ
All required schedules (includingSchedule B)
~-] IRS Form 990-T
~ IRS Form 990-PF
All required schedules (includingSchedule B)
--] IRS Form 990-T
Additional Article 7-A Document Attachment Requirement
Independent Accountant’s Report
[~Audit Report (total support & revenue more than $250,000)Review Report (total support & revenue $100,001 to $250,000)No Accountant’s Report Required (total support & revenue not more than $100,000)
4
1 J3545 1.000
CHAR500 - 2011
38960Y LI61 10/3/2012 8:21:12 AM V 11-6 300748 PAGE 21
CORPORATION FORSUPPORTIVE HOUSING
CONSOLIDATED F~NANCIAL STATEMENTS
DECEMBER 31, 2011 and 2010
SNERAMPERACCOUNTANTS & ADVISORS
EisnerAmper LLP750 Third Avenue
New York, NY 10017-2703T 212,949,8700F 212,89i.4100
www.eisneramper.com
INDEPENDENT AUDITORS’ REPORT
Board of DirectorsCorporation for Supportive HousingNew York, New York
We have audited the accompanying consolidated statements of financial position of the Corporation forSupportive Housing ("CSH") as of December 31, 2011 and 2010, and the related consolidated statementsof activities, functional expenses and cash flows for the years then ended. These financial statementsare the responsibility of CSH’s management. Our respon’sibility is to express an opinion on thesefinancial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United Statesof America. Those standards require that we plan and perform the audit to obtain reasonable assuranceabout whether the financial statements are free of material misstatement. An audit includes considerationof internal control over financial reporting as a basis for designing audit procedures that are appropriate inthe circumstances, but not for the purpose of expressing an opinion on the effectiveness of internalcontrol over financial reporting. Accordingly, we express no such opinion. An audit also includesexamining, on a test basis, evidence supporting the amounts and disclosures in the financial statements,assessing the accounting principles used and significant estimates made by management, and evaluatingthe overall financial statement presentation. We believe that our audits provide a reasonable basis forour opinion.
In our opinion, the consolidated financial statements enumerated above present fairly, in all materialrespects, the financial position of the Corporation for Supportive Housing as of December 31, 2011 and2010, and the changes in its net assets and its cash flows for the years then ended, in conformity withaccounting principles generally accepted in the United States of Amedca.
New York, New YorkApril 24, 2012
New York i New Jersey I Pennsylvania I California i Cayman lslands
EisnerAmper is on independent member of PKF fnternotic, nd/ Limited
CORPORATION FOR SUPPORTIVE HOUSING
Consolidated Statements of Financial Position
December 31,2011 2010
ASSETSCash and cash equivalentsInvestmentsGrants and contributions receivable, netContracts receivable, netLoans receivable, netOther receivables, netPrepaid expenses and other assetsProperty and equipment, net
LIABILITIES AND NET ASSETSLiabilities:
Accounts payable and accrued expensesAdvances from governmental sourcesGrants payableLoans payable
Commitments and contingencies (Note O)
Net assets:UnrestrictedTemporarily restricted
$ 4,104,791 $ 4,810,61629,079,443 26,874,2147,677,501 9,625,1804,632,157 3,720,125
32,223,948 30,727,2021,279,434 2,246,838
329,617 300,920303~245 204,975
$ 79.630.13~6 $ 78.510.070
2,187,884 $ 2,490,2962,999,772 3,746,9832,602,455 2,319,189
3&650~000 36,650,000
46~440~111. 45,206,468
16,417,255 15,473,3941&772~770 17,830,208
33~190,025 33,303,602
79.630~136 $ 78,510.070
See notes to consolidated financial statements 2
O~
ooO000
0
0
0
CORPORATION FOR SUPPORTIVE HOUSING
Consolidated Statements of Cash Flows
Cash flows from operating activities:Change in net assetsAdjustments to reconcile change in net assets to net cash provided by
operating activities:Depreciation and amortizationBad debt (recovery of) expenseNet realized and unrealized losses on investmentsChange in grants receivable discountChanges in:
Grants and contributions receivableContracts receivableOther receivablesPrepaid expenses and other assetsAccounts payable and accrued expensesAdvances from governmental sourcesGrants payable
Net cash provided by operating activities
Cash flows from investing activities:Purchases of property and equipmentPurchases of investmentsProceeds from sales of investmentsCash payments under loan programsCash collections under loan programs
Net cash used in investing activities
Cash flows from financing activities:Proceeds from loans payablePayments on loans payable
Net cash provided by (used in) financing activities
Net decrease in cash and cash equivalentsCash and cash equivalents - beginning of year
Cash and cash equivalents - end of year
Year Ended December 31,2011 2010
$ (113,577) $ 5,398,826
96,432 77,435475,550 (113,188)
9,192 258,005(288,587) 642,507
2,236,266 (4,472,906)(1,076,793) (1,257,427)1,021,094 319,794
(28,697) 5,499(302,412) (616,981)(747,211) 3,323,232283,266 385,650
1,564,523 3,950,446
(194,702) (73,260)(15,601,741) (40,948,996)13,387,320 24,538,325
(23,292,448) (15,582,603)21,431,223 20,387,664
(4,270,348) (11,678,870)
9,000,000 4,000,000(7,000,000) (9,000,000)
2,000,000 (5,000,000)
(705,825) (12,728,424)4,810,616 17,539,040
4.104.791 $ 4.810.616
Supplemental disclosures of cash flow information:Interest paidIn-kind contributions
$ 855~447 $ 1.074.493$ 1.878.636 $ 1.975.392
See notes to consofidated financial statements 5
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE A - ORGANIZATION AND ITS SIGNIFICANT ACCOUNTING POLICIES
[1] Organization:
The Corporation for Supportive Housing ("CSH") is a publicly supported not-for-profit organization,incorporated in the State of Delaware on January 25, 1991. CSH is a national intermediary organizationthat provides financial and technical assistance to not-for-profit organizations engaged in the developmentof service-enriched housing for populations with low and moderate incomes or special needs, includingpersons with AIDS and other individuals with chronic mental and physical disabilities.
CSH carries out its mission through local program sites located around the country. CSH seeks to support,through the provision of technical assistance, grants, and below-market loans, the expansion of "bestpractices" in the provision of housing for special-needs populations, as well as to encourage systematicimprovements in the financing and delivery of supportive housing.
During 2011, CSH became certified as a Community Development Entity ("CDE") under the New MarketsTax Credit ("NMTC") Program of the United States Department of Treasury and was awarded an NMTCallocation of $25,000,000 to support the innovative financing of supportive housing projects throughout theUnited States. To assist in administering the NMTC Program, during 2011, CSH formed a DelawareHolding Company (the "HC"), all financial assets and activities of which are included in the accompanyingconsolidated financial statements. All significant inter-entity balances and transactions have beeneliminated in consolidation.
CSH is exempt from income taxes under Section 501(c)(3) of the U.S. Internal Revenue Code and fromstate and local taxes under comparable laws.
[2] Basis of accounting:
The accompanying consolidated financial statements of CSH have been prepared using the accrual basis ofaccounting and conform to accounting principles generally accepted in the United States of America, asapplicable to not-for-profit entities.
[3] Use of estimates:
The preparation of financial statements in conformity with generally accepted accounting principles requiresmanagement to make estimates and assumptions that affect the reported amount of assets and liabilitiesand revenue and expenses, as well as the disclosure of contingent assets and liabilities. Actual resultscould differ from those estimates.
[4] Cash equivalents:
For financial reporting purposes, CSH considers all highly liquid investments purchased with an originalmaturity of three months or less to be cash equivalents, with the exception of cash and short-terminvestments that are designated to be part of CSH’s long-term investment portfolio.
[5] Investments:
CSH’s investments in fixed-income securities are reported at their quoted fair values. Included in fixed-income securities are corporate, government and municipal bonds, and bond mutual funds which arereported at their fair values, as determined by the related investment managers. Net realized andunrealized gains and losses are reported in the accompanying consolidated statements of activities.
CSH’s primary investment objective is to maximize total return with minimal risk. The stated goal is topreserve capital that is intended for CSH’s charitable mission while also generating cash flow to supportoperations.
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE A - ORGANIZATION AND ITS SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
[5] Investments: (continued)
CSH’s various types of investment securities are subject to various risks, such as interest-rate, market, andcredit risks. Due to the level of risk associated with certain investment securities, it is at least reasonablypossible that changes in the values of those securities could occur in the near term and that such changescould materially affect the amounts reported in the accompanying consolidated financial statements.
[6] Property and equipment:
Property and equipment are stated at their original costs less accumulated depreciation or amortization.Donated assets are recorded at their related fair market values on the dates of the gifts. CSH’s policy is tocapitalize all acquisitions in excess of $5,000 and with useful lives in excess of one year. Furniture andequipment are depreciated using the straight-line method over estimated useful lives of five years.Leasehold improvements are amortized over their estimated useful lives or the respective lease terms,whichever are shorter.
[7] Accrued vacation:
CSH’s employees are entitled to be paid for unused vacation time if they leave CSH’s employ. Accordingly,at each fiscal year-end, CSH must recognize a liability for the amount that would be incurred if employeeswith such unused vacation were to leave. At December 31,2011 and 2010, this accrued vacation obligationwas approximately $451,000 and $408,000, respectively.
[8] Net assets:
Net assets and the changes therein are classified and reported as follows:
(a) Unrestricted:
Unrestricted net assets represent those resources that are not subject to donor restrictions.
(b) Temporarily restricted:
Temporarily restricted net assets represent those resources that have been restricted by donors forspecific purposes. When a donor restriction expires, that is, when a stipulated time restriction ends or apurpose restriction is accomplished, temporarily restricted net assets are reclassified as unrestricted netassets and reported in the accompanying consolidated statements of activities as net assets releasedfrom restrictions.
[9] Grants and contributions:
Contributions to CSH are recognized as revenue in the accompanying consolidated statements of activitiesupon the receipt either of cash or other assets or of unconditional pledges. Grant revenue is recognizedbased on the terms of each individual grant. Grants and contributions are considered available forunrestricted use, unless specifically restricted by the donor. Grants and contributions to be received overperiods longer than one year are discounted at an interest rate commensurate with the risk involved.
[10] Contract services:
Revenue from cost-reimbursement government contracts is recognized when reimbursable expenses areincurred under the terms of the contracts. Contract proceeds received in advance are recorded asadvances from governmental agencies, and the related revenue is deferred until the related expenses areincurred.
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE A - ORGANIZATION AND ITS SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
[11] Allocation of expenses:
The costs of providing the various programs and other activities have been summarized on a functionalbasis in the accompanying consolidated statements of functional expenses. Accordingly, certain expenseshave been allocated among the programs and supporting services in reasonable ratios determined bymanagement.
[12] Grants and direct support:
Grants and direct support to others are recognized as expenses in the period the grants are approved. AtDecember 31,2011, the majority of outstanding grants payable are expected to be paid within one year.
[13] Income taxes uncertainties:
CSH follows the provisions of the Financial Accounting Standards Board’s Accounting StandardsCodification ("ASC")740-10-05 relating to accounting and reporting for uncertainty in income taxes.Because of CSH’s general tax exempt status, ASC 740-10-05 has not had, and is not anticipated to have, amaterial impact on CSH’s consolidated financial statements.
[14] Fair-value measurement:
CSH reports a fair-value measurement of all applicable financial assets and liabilities, including investments,grants and contributions receivable, loans receivable and short-term payables. (For the fair valuation ofinvestments, see Note F.)
[15] Subsequent events:
CSH considers the accounting treatments, and the related disclosures in the current year’s consolidatedfinancial statements, that may be required as the result of all events or transactions that occur afteryear-end through the date of the independent auditors’ report.
[16] Restatement of prior year’s balances:
The balances of unrestricted net assets as of December 31, 2010 have been adjusted to report a year-endbonus accrual of $308,483, resulting in (i) a decrease in unrestricted net assets at January 1, 2011, and (ii)a decrease in the change in unrestricted net assets for 2010. In addition, certain information in the prioryear’s consolidated financial statements has been reclassified to conform to the current year’s presentation.
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE B - GRANTS AND CONTRIBUTIONS RECEIVABLE
At each year-end, grants and contributions receivable consisted of the following:
December 31,2011 2010
Gross amounts due in:One yearOne to five years
Less reduction of grants and contributions due in excessof one year, at a discount rate of 5%
$ 3,766,692 $ 4,068,6914~311~667 6,245,934
8,078,359 10,314,625
(400,858) (689,445)
$ 7~677..501 $ 9.625.180
Based on its communications with donors and a review of its donor base, management expects all of the grantsand contracts receivable to be fully collected.
NOTE C -LOANS RECEIVABLE
CSH provides pre-development, acquisition, and bridge loans to not-for-profit organizations to facilitate thefinancing and production of permanent housing for individuals with special needs. The loan portfolio containsloans with interest rates ranging from 0% to 7.75% and with repayment terms of up to eight years. The loansreceivable are composed of secured loans, unsecured full-recourse loans, and project initiation full-recourseloans. The secured loans in general are collateralized by real estate, accounts receivable, notes receivable orthird-party guarantees. Project initiation full-recourse loans are due to CSH in full, unless the borrower requestsin writing that the loan be forgiven and CSH agrees to forgive the loan at its sole discretion.
At each year-end, loans receivable consisted of the following:
December 31,2011 2010
Due in one yearDue in more than one year
$ 17,076,390 $ 24,546,60017~465~181 8,283,424
Less allowance for uncollectible loans34,541,571 32,830,024(2,317,623) (2,102,822)
30.727.202
The allowance for uncollectible loans is maintained at a level which, in management’s judgment, is adequate toabsorb potential losses inherent in the loan portfolio. The amount of the allowance is based on management’sevaluation of the collectability of the loan portfolio, reflecting the nature of the portfolio, credit concentrations,trends in historical loss experience in the consolidated financial statements and economic conditions. Theallowance is increased by an annual provision for loan losses, which is included as an expense and is reduced byany loan write-offs, net of recoveries. Because of uncertainties inherent in the estimation process, management’sestimate of credit losses inherent in the loan portfolio, and the related allowance, may change in future periods.
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31,2011 and 2010
NOTE C - LOANS RECEIVABLE (CONTINUED)
In addition, CSH maintains a loan monitoring committee to review various economic conditions which may affectits loan program. The loan monitoring committee meets periodically throughout the year to review CSH’s loanportfolio, its inherent risks, the risk rating of specific loans, strategies to facilitate timely loan repayment, andassignments to staff members for follow-up and collection.
Additionally, to further mitigate its risk, CSH secured a $5,000,000 forgivable loan from the City of Los Angeles(as disclosed in Note H), to cover loan losses in its Los Angeles loan fund, and a $500,000 loan from the State ofIndiana Housing and Community Development Authority (as disclosed in Note H), with a provision that CSH willnot repay any actual losses resulting from providing project initiation loans. CSH also received a $500,000 grantfrom the Weingart Foundation to cover possible loan losses.
As of December 31,2011, approximately $9,950,000 of loans receivable were modified to include extensions ofmaturity dates, ranging from one to two years at similar terms for those organizations.
NOTE D - CONTRACTS RECEIVABLE
Contracts receivable consists of amounts due to CSH from government contracts. All amounts are due within oneyear. Based on management’s evaluation of the collectability of the receivables, at December 31, 2011 and 2010,CSH has recorded an allowance for uncollectible receivables of approximately $477,000 and $355,000,respectively.
Government contracts are recorded as revenues to the extent that expenses have been incurred for the purposesspecified by the grantors. For the years ended December 31, 2011 and 2010, CSH established advances fromgovernmental sources to the extent amounts received exceed amounts spent in the amounts of $2,999,772 and$3,746,983, respectively.
NOTE E- OTHER RECEIVABLES
Other receivables consist primarily of fees and accrued interest relating to CSH’s loan portfolio due from unrelatednot-for-profit organizations as disclosed in Note C. Based on management’s evaluation of the collectability of thereceivables, at December 31, 2011 and 2010, CSH has recorded an allowance for uncollectible receivables ofapproximately $78,000 and $133,000, respectively.
10
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE F - INVESTMENTS
At each year-end, investments were reported at their fair values and consisted of the following:
December 31,2011 2010
Fair FairValue Cost Value Cost
Corporate and government fixed-incomesecurities
Money-market fundsMutual funds
$18,743,089 $ 18,475,684 $13,764,019 $ 14,070,179248,665 248,665 135,773 135,773
10,087~689 10~081T335 12,974,422 13,257,948
$26.874.214 $ 27.463.900
During each year, investment income consisted of the following:
Year EndedDecember 31,
2011 2010
Interest and dividendsNet unrealized gains (losses)
on investmentsNet realized (losses) gains on sales
of investments
$ 611,815 $ 840,841
863,445 (479,145)
(872,637) 221,140
582.836
Fair-value measurement as defined in ASC 820-10-05 prescribes three levels of fair-value measurement asfollows:
Level 1:
Level 2:
Level3:
Valuations are based on observable inputs that reflect quoted market prices in active markets foridentical assets and liabilities at the reporting date. The types of investments and other assets includedin Level 1 are short-term money-market funds and mutual funds.
Valuations are based on (i) quoted prices for similar assets or liabilities in active markets, or (ii) quotedprices for identical or similar assets or liabilities in markets that are not active, or (iii) pricing inputs otherthan quoted prices that are directly or indirectly observable at the reporting date.
Fair value is determined based on pricing inputs that are unobservable and includes situations wherethere is little, if any, market activity for the asset or liability.
For the years ended December 31, 2011 and 2010, respectively, the total of CSH’s investments of $29,029,443and $26,874,214, respectively, were categorized as Level 1 financial assets in accordance with theASC 820-10-05 fair value hierarchy levels.
11
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31,2011 and 2010
NOTE G - PROPERTY AND EQUIPMENT
At each year-end, property and equipment consisted of the following:
December 31,2011
$ 1,170,409477~990
1,648,399
1~345,154
Computers and office equipmentLeasehold improvements
Less accumulated depreciation andamortization
2010
$ 1,100,462353,235
1,453,697
1,248,722
$ 204.975
12
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE H - LOANS PAYABLE
At each year-end, loans payable were uncollateralized and consisted of the following:
MacArthur Foundation note payable; interest is payable quarterly at 3% throughmaturity, January 1,2015. Principal is due in three annual installmentscommencing January 1,20t3 through maturity.
MacArthur Foundation note payable; interest is payable quarterly, at 3% throughmaturity, January 1,2015. Principal is due in three annual installmentscommencing January 1, 2013 through maturity.
Wells Fargo Bank note payable; interest is payable quarterly at 3% throughmaturity, August 3l, 2012.
Conrad N. Hilton Foundation note payable; interest is payable quarterlyat 2% through maturity, December 1,2014.
U.S. Bankcorp Community Development Corporation note payable; interest ispayable quarterly at 4% through maturity, February 21,2017. Paid in full in 2011.
Fannie Mae Corporation note payable; interest is payable quarterly at 4.5%through maturity, March 21, 2012. Paid in full in 2011.
California Housing Finance Agency note payable; interest is payable annuallyat 2.7% through maturity, October 1,2012.
Wells Fargo CDC note payable; interest is payable annually at 2% throughmaturity, June 30,2018.
City of Los Angeles note payable; 0% interest through maturity,December 26, 2014.
Indiana Housing and Community Development Authority note payable; 0% interestthrough maturity, September 30,2015.
Van Ameringen Foundation note payable; 1% interest through maturity,July 21,2014.
Metropolitan Life Insurance Company note payable; 4% interest through maturity,October 31,2016. Paid in full in 2011.
Bank of America note payable; interest is payable annually at 3% through maturity,February 25, 2018. Principal is due in three annual installments at February 25,2013, February 25, 2014 and February 25, 2018, respectively.
Conrad N. Hilton Foundation note payable; interest is payable quarterlyat 2% through maturity, December 11, 2014.
HSBC note payable; interest is payable monthly based on LIBOR throughmaturity, December 31,2015.
Mercy Investment Services note payable; interest is payable quarterly at 2.5%through maturity, May 25, 2016.
Catholic Healthcare West note payable, interest is payable quarterly at 2%through maturity, June 1, 2016.
The Annie E. Casey Foundation note payable, interest is payable quarterly at 3%through maturity, October 11, 2020.
Trinity Health Corporation note payable, interest is payable quarterly at 2%through maturity, June 30, 2016
December 31,2011 2010
600,000 $ 600,000
1,000,000 1,000,000
2,000,000 2,000,000
1,000,000 1,000,000
1,000,000
4,000,000
5,000,000 5,000,000
1,000,000 1,000,000
5,000,000 5,000,000
500,000 500,000
550,000 550,000
2,000,000
8,000,000 8,000,000
5,000,000 5,000,000
4,000,000
1,000,000
2,000,000
1,000,000
1,000,000
38.650.000 $ 36.650.000
13
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE H - LOANS PAYABLE (CONTINUED)
The required principal payments on the above obligations in each of the five years subsequent to 20tl are asfollows:
Year EndingDecember 31, Amount
2012 $ 7,000,0002013 2,530,0002014 14,080,0002015 5,040,0002016 4,000,000
Interest expense for 2011 and 2010 was $1,880,834 and $2,085,017, respectively, including $1,009,837 and$! ,040,570, respectively, of in-kind interest (as disclosed in Note I).
Certain covenants exist under the terms of the loan agreements. As of December 31, 2011, CSH was not inviolation of any of these covenants.
NOTE I - IN-KIND CONTRIBUTIONS
As disclosed in Note H, loans payable consist of loans that bear either no interest or interest at below,marketrates. The difference between interest computed at a reasonable fair-market rate (5%) and at the stated interestrates is included in the accompanying consolidated statements of activities as an in-kind contribution andcorresponding expense. This amount was determined to be $1,009,837 and $1,040,570 for 2011 and 2010,respectively.
A member of CSH’s Board of Directors is a partner in a law firm retained by CSH. CSH recorded donated legalservices from the law firm in connection with its program services, the estimated fair value of which was $868,799and $934,822 in 2011 and 2010, respectively.
NOTE J - RELATED-PARTY TRANSACTIONS
In addition to the related-party transactions described in Note I, a member of CSH’s Board of Directors is anexecutive with the Federal National Mortgage Association ("Fannie Mae") with which CSH had a line-of-credit anda loan payable during 2011 and 2010, as disclosed in Note H. Amounts due under the line-of-credit and the loanpayable were paid in their entirety in 2011.
NOTE K - CONCENTRATION OF CREDIT RISK
CSH places its temporary cash investments, with high-credit, quality financial institutions. At times, suchinvestments may exceed federally insured limits. Management does not believe that CSH has a significant risk ofloss related to the failure of these financial institutions.
CSH makes loans to not-for-profit organizations that are primarily engaged in residential real-estate developmentfunded by state agencies. The ability of these organizations to honor their contracts may be impaired by adownturn in the economy or by a reduction in the availability of government funding and support for projects.Management continually evaluates the collectability of the loan portfolio and believes the allowance foruncollectible loans is adequate to absorb potential losses.
14
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE L - TEMPORARILY RESTRICTED NET ASSETS
At each year-end, temporarily restricted net assets were available to satisfy the following purposes:
December 31,2011 2010
Specific programs:Systems change $ 2,536,129 $ 304,865Industry building 12,582,302 15,290,634Project assistance 1,286,425 1,855,277Business support 367,914 379,432
17.830.208
During each year, net assets released from restrictions consisted of the following:
Year EndedDecember31,
2011 2010
Specific programs:Systems change $ 1,075,127 $ 183,752Industry building 7,872,107 7,325,111Project assistance 571,052 1,205,380Business support &423 60.013
8.774.256
NOTE M - PENSION PLANS
During 2010, CSH combined its non-contributory, defined-contribution Section 401(a) pension plan with the403(b) tax deferred retirement savings plan it maintains for the benefit of its employees, in order to reduceadministrative costs. Contributions by CSH are discretionary and can be made with the approval of the Board ofDirectors. Contributions by CSH during 2011 and 2010 were $313,713 and $365,267, respectively.
NOTE N - NEW MARKETS TAX CREDIT PROGRAM
At disclosed in Note A[1], during 2011, CSH was awarded an NMTC allocation of $25,000,000 to support theinnovative financing of supportive housing projects throughout the United States and to be administered throughthe HC. In addition, CSH formed four Delaware limited liability companies (the "LLCs") to obtain designatedequity investments from investors and to make qualified low-income community investments under the terms ofthe NMTC program. CSH will act as the managing member of each LLC. Since the activity within the LLCs wasnot material, consolidation of the activity was not warranted. As of December 31, 2011, CSH had not entered intoany NMTC agreements.
As the managing member, CSH will be entitled to .01% of any income earned by each LLC. In addition, as themanaging member, CSH is also entitled to origination fees and annual management fees related to any NMTC-qualified equity investment. During 2011, there were no fees earned, as there were no qualified equityinvestments made.
Subsequent to year-end, CSH entered into an agreement with a designated equity investor to make a qualifiedlow-income NMTC-related community investment, in the amount of $7,000,000, to finance a supportive housingproject. CSH received origination and management fees related to the investment.
15
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE O - COMMITMENTS AND CONTINGENCIES
[1] Lease commitments:
At December31, 2011, CSH was obligated under various non-cancelable operating real estate leasesexpiring through 2014. For years subsequent to 2011, minimum annual future rental commitments underthe lease agreements are as follows:
Year EndingDecember 31, Amount
2012 $ 1,090,0722013 889,8982014 469,9762015 153,8552016 104,601
$ 2,708,402
Total rent expense for 2011 and 2010 was $1,172,630 and $1,159,110, respectively.
[2] Loan commitments:
As of December 31,2011, CSH’s Board of Directors had approved loan commitments totaling $14,677,438.These amounts are expected to be disbursed as loans in 2012.
[3] Government contracts:
Government-funded activities are subject to audit by the applicable granting agencies. At December 31,2011, no such audits had been undertaken at CSH, and management believes that unaudited projects willnot result in any material obligations.
16
ff EISNERAMPERACCOUNTANTS & AOVISORS ~
EisnerAmper LLP750 Third Avenue
New York, NY 10017-2703T 212.949.8700F 212~891.4100
www.eisneramper.com
INSTRUCTIONS FOR FILINGCORPORATIONFOR SUPPORTIVE HOUSING
CA FORM 199CALIFORNIA FORM 199 - EXEMPT ORGANIZATION
FOR THE PERIOD ENDED DECEMBER 31, 2011
*************************
SIGNATURE...THE ORIGINAL RETURN SHOULD BE DATED AND SIGNED BY AN OFFICER OFTHE ORGANIZATION IF APPLICABLE.
FILING...THE SIGNED RETURN SHOULD BE FILED ON OR BEFORE NOVEMBER 15, 2012WITH...
FRANCHISE TAX BOARDP.O. BOX 942857
SACRAMENTO, CALIFORNIA 94257-0700NO PAYMENT OF TAX IS REQUIRED.
XL07811.000
NewYork I New Jersey I Pennsylvania J Cayman Islands
EisnerAmper is an independent member of PKF International Limited
TAXABLE YEAR California Exert Organization
2011 Annual Information ReturnCalendar Year 2011 or fiscal ~ month 01 day 0~ yearCorporation/Organization Name
CORPORATION FOR SUPPORTIVE HOUSINGAddress (suite, room, or PMB no.)
50 BROADWAYCity
~NEW YORK
~A First Return .........................
HYes I~NoB Amended Retum ....................
¯ HTM I~N°¯NoC IRC Section 4947(a)(1) trust .................. HYes
I-~ NoD FinaIRetum .... , ................... IIYes ~No
¯ ~] Dissolved ¯ t-----~ S urrende~d (Withdrawn)
¯ I IMerged/Reorganized Enter date: ¯
E Check accounting method:
(1)r--] Cash (2)i--~lAccrual (3) E[~Other
F Federal return filed?
(1) "l----i 990T (2)¯ E~ 990(PF) (3) ¯ I----1Sch H (990)
G Is this a group filing for the subordinates/affiliates? ....... ¯ L_d Yes ~_J NoIf "Yes," attach a roster, See instructions
H Is this organization in a group exemption? ............. UYes L_~_dNo
If "Yes," what is the parent’s name?
I Did the organization have any changes in its activities, O
governing instrument, articles of incorporation, or bylawsi"--’-"1
that have not been reported to the Franchise Tax Board? ..... ¯ t IYes IXl No
if "Yes," explain, and attach copies of revised documents.
Part I Complete Part I unless not required to file this form. See General Instructions B and C.
Receiptsand
Revenues
Expenses
FilingFee
Sign
Here
FORM
19911, and ending month 12 day 31year 2011.
California corporation number
1852873FEIN
17TH FL 13-3600232ZIP Code
10004if exempt under R&TC Section 23701d, has the organization
during the year: (1) participated in any political campaign,
or (2) attempted to influence legislation or any ballot measure,
or (3) made an election under R&TC Section 23704.5
(relating to lobbying by public charities)? ...... ¯ L~ Yesl I NoIf "Yes," complete and attach form FTB 3509.
Is the organization exempt under R&TC Section 23701g? ¯ [ I Yes I~1 No
If "Yes," enter the gross receipts from nonmember
sources ..................... $If organization is exempt under R&TC Section 23701d and isexclusively religious, educational, or charitable, and issupported primarily (50% or more) by public contributions, ~check box. No filing fee is required ......... ¯Is the organization a Limited LiabiiityCompany?.... ¯ YeslXl No
Did the organization file Form 100 or Form 109 to report
taxable income? ................. ¯ UYesl X I No
Is the organization under audit by the Ins or has theIns audited in a pdor year?. ............ ¯ I IYes IXlNo
123
4
789
10
1 Gross sales or receipts from other sources. From Side 2, Part II, line 8 ............. ¯
2 Gross dues and assessments from members and affiliates
3 Gross contributions, gifts, grants, and similar amounts received.. ...............¯4 Total gross receipts for filing requirement test. Add line 1 through line 3.
This line must be completed, If the result is less than $25,000, see General Instruction B . . .¯
0c5 Costofgoods so~d
: ~ ,259,957.0(6 Cost or other basis, and sales expenses of assets sold 1 4
7 Total costs. Add line 5 and line 6
8 Total gross income. Subtract line 7 from line 4 ........................ ¯9
10
Paid
Preparer’s
Use Only
Total expenses and disbursements. From Side 2, Part II, line 18 .... ............ ¯
Excess of receipts over expenses and disbursements. Subtract line 9 from line 8 ........ ¯
11 Filing fee $10 or $25. See General Instruction F ........................ 11
12 Total payments ........................................ 1213 Penalties and Interest. See General Instruction J 1 3
14 Use tax. See General Instruction K ¯ 141 5 Balance due. Add line 11, line 13, and line 14. Then subtract line 12 from the result ....... 1 5
23,823,377.00
10r 323,592, ~(~
14,259,957.19,887,012.20r 864,034.
-977,022.
~146f 969.00
000000000000
Under penalties of perjuny, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it istrue, correct, and complete. Declaration of preparer (ether than taxpayer) is based on all information of which preparer has any knowledge.
| I ¯ TelephoneSignature / Title I Dateof officer ~" [ 1 ....---- ~ I~ ----¯PTINPreparer’s _ ~ I CheCK it self- ~signature ¯ [ lemployed ~[__[__ P00736879
E I SNERAMPER T,T,p ¯ FEll’4Firm’s name (or yours,if self-employed) I~" 750 THIRD AVENUE 13-1639826andaddress NEW YORK, NY 10017-2703 ¯Telephone
212-949-8700May the FTB discuss this return with the preparer shown above? See instructions ..................... ~ No
000000
For Privacy Notice, get form FTB 1131.
1Y0527 1.00038960Y LI61 10/3/2012
0271 3651114 Form 199cI 2011 Side1
8 : 21:12 AM V 11-6 300748 PAGE 1
Form 88~8 (Rev. 1-2012) Page¯ If yOU are filing for an Additional (Not Automatic) 3-Month Extension, complete only Part II and check this box ........ ¯ ~Note. Only complete Part II if you have already been granted an automatic 3-month extension on a previously flied Form 8868.
¯ If }/ou are filing for an Automatic 3-Month Extension, complete only Part I (on page 1).|’~|1| Ad~Jitional (Not Automatic) 3-Month Extension of Time. Only file the original (no copies needed).
Type orprint
File by thedue date forfiling yourreturn. Seeinstructions.
Name of exempt organization or other filer, see instructions.
CORPOR_ATION FOR SUPPORTIVE HOUSENGNumber, street, androomorsuiteno, lfaP.O, bo~s~instru~ons.50 BROADWAY
City, townorpostoffice, state, andZIPcode. Foraforeignaddress, seeins~ctions.
NEW YORK, NY 10004
Enter flier’s identifying number, see instructionsEmplQyer identification number (EIN) or
13-3600232Social security number (SSN)
Enter the Return code for the return that this application is for (fileApplication ReturnIs For CodeForm 990 01Form 990-BL 02Form 990-EZ 01 Form 4720 09
10Form 990-PFForm 990-T (sec. 401(a) or 408(a)trust)Form 990-T (trust other than above)
04O5
separate application for each return) ............~$!~’Application e r
Is For Code
Form 1041-A 08
Form 5227Form 6069 11
06 Form 8870 1 2STOP! Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868.
¯ The books are in the care of ¯ DAVID PROVOSTTelephoneNo.¯ 212 986-2966 FAXNo.¯ 212 986-6552
¯ If the organization does not have an office or place of business in the United States, check this box ............... ¯ ~]¯ If this is for a Group Return, enter the organization’s four digit Group Exemption Number (GEN) . If this isfor the whole group, check this box ...... ¯ r---] . if it is for part of the group, check this box .......̄ ~ and attach alist with the names and EINs of all members the extension is for.4 t request an additional 3-month extension of time until 11/15 , 20 12
5 For calendar year 2011, or other tax year beginning ,20 __, and ending6 If the tax year entered in line 5 is for less than 12 months, check reason: [~ Initial return h_.J Final return
E~ Change in accounting period7 State in detail why you need the extension INFOB_MATION NECESSARY TO PREPARE A COMPLETE AND
ACCURATE RETURN IS NOT YET AVAILABLE.
,2O
8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less anynonrefundable credits. See instructions. 8a $
b If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits andestimated tax payments made. Include any prior year overpayment allowed as a credit and anyamount paid previously with Form 8868.
c Balance Due. Subtract line 8b from line 8a. Include your payment with this form, if required, by using EFTPS $(Electronic Federal Tax Payment System). See instructions. 8c
Signature and Verification must be completed for Part II only.Under penalties of perjury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief,it is true, correct, and complete, and that I am authorized to prepare this form.
Signature¯ ~~ ~ ~ Title ¯ ~,’~’~ Date¯Form 8868 (Rev. 1-2012)
JSA
1F8055 4.000
38960Y L!61 7/31/2012 8:47:45 AM V 11-5 300748 PAGE 1
Fo 8868(Rev. January 2012)
Depar[ment of the TreasuryIntemal Revenue Service
App alal tion for Extension of TimeExempt Organization Return
¯ File a separate application for each return.
an
OM8 No. 1545-1709
¯ If you are filing for an Automatic 3-Month Extension, complete only Part I and check this box ................. ¯¯ If you are filing for an Additional (Not Automatic) 3-Month Extension, complete only Part II (on page 2 of this form).Do not complete Part I/unless you have already been granted an automatic 3-month extension on a previously flied Form 8868.
Electronic filing (e-file). You can electronically file Form 8868 if you need a 3-month automatic extension of time to file (6 months fora corporation required to file Form 990-T), or an additional (not automatic) 3-month extension of time. You can electronically file Form8868 to request an extension of time to file any of the forms listed in Part 1 or Part II with the exception of Form 8870, InformationReturn for Transfers Associated With Certain Personal Benefit Contracts, which must be sent to the IRS in paper format (seeinstructions). For more details on the electron[c filing of this form, visit www.irs.gov/efile and click on e-file for Charities & Nonprofits.~tic 3-Month Extension of Time. Only submit original (no copies needed).A corporation required to file Form 990-T and requesting an automatic 6-month extension - check this box and completePart I only ................................................................. ¯ [~AI/ other corporations (including 1120-C fliers), parfnerships, REMICs, and trusts must use Form 7004 to request an extension of timeto file income tax returns. Enter flier’s identifying number, see instructions
Name of exempt organization or other filer, see instructions.Type orprintFile by thedue date forfiling yourreturn. Seeinstructions.
CORPORATION FOR SUPPORTIVE HOUSINGNumber, street, androomorsuiteno, lfaP.O, bo~seeinstructions.50 BROADWAY
City, townorpostoffice, state, andZtPcode. Foraforeignaddress, seeinstructions.NEW YORK, NY 10004
Emptoyeridentifi~onnumber(EIN)or
~3-3600232Social security number (SSN)
Enter the Return code for the return that this application is for (file a separate application for each return) ............ ~
Application Return Application ReturnIs For Code Is For CodeForm 990 01 0 7Form 990-T (corporation)
Form 1041-AForm 990-BL 02 08Form 990-EZ 01 Form 4720 09Form 990-PF 04 Form 5227 10
0506
Form 990-T (sec. 401(a) or 408(a) trust)Form 990-T (trust other than above)
Form 6069Form 8870
1112
¯ The books are in the care of ¯ DAVID PROVOST
TelephoneNo.¯ 212 986-2966 FAXNo.¯ 212 986-6552¯ If the organization does not have an office or place of business in the United States, check this box ...............̄ [’--]¯ If this is for a Group Return, enter the organization’s four digit Group Exemption Number (GEN) . If this isfor the whole group, check this box ...... ¯ F-"] ¯ if it is for part of the group, check this box ....... ¯ L__J and attacha list with the names and EINs of all members the extension is for.
I request an automatic 3-month (6 months for a corporation required to file Form 990-T) extension of timeuntil 0 8/15 , 20 12 , to file the exempt organization return for the organization named above. The extension isfor the organization’s return for:
;~ calendar year 2011 ortax year beginning ,20~, and ending ,20 __
2 If the tax year entered in line 1 is for less than 12 months, check reason: [] Initial return E~ Final return[~ Change in accounting period
3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less anynonre~undable credits. See instructions. 3 a l$
b If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and 3b $
estimated tax payments made. Include any prior year overpayment allowed as a credit.Balance due. Subtract line 3b from line 3a. Include your payment with this form, if required, by using EFTPS,c
(Electronic Federal Tax Payment System). See instructions. 3c15Caution. If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO forpayment instructions.For Privacy Act and Paperwork Reduction Act Notice, see Instructions.JSA
1 F8054 4.00038960Y LI61 5/2/2012 1:43:33 PM V 11-4.3 300748
Form 8868 (Rev. 1-2012)
PAGE 1
Part II Organizations with gross receipts $25,000 and private foundations rug; gross receipts -complete Part II or furnish substitute information. See Specific Line Instructions.
Receipts
~rorn
Dther
Sources
Expenses
and
Disburse-
taunts
1 Gross sales or receipts from all business activities. See instructions ................. ¯ 1
2 Interest ¯ 2
3 Dividends ¯ 3
4 Gross rents ............................................ ¯ 4
5 Gross royalties ¯ 5
6 Gross amount received from sale of assets (See Instructions) .................... ¯ 6
7 Other income. Attach schedule ......................... ~.T.C.~..1... ¯ 7
8 Total gross sales or receipts from other sources. Add line 1 through line 7.
Enter here and on Side 1, Part I, line I ................................ 8
9 Contributions, gifts, grants, and similar amounts paid. Attach schedule ...... .i.~.O.H..2... ¯ 9
10 Disbursements to or for members ................................. ¯ 10
1 1 Compensation of officers, directors, and trustees. Attach schedule ........ .~.C.~..3... ¯ 11
12 Other salades and wages ..................................... ¯ 12
13 Interest .............................................. ¯ 13
14 Taxes ¯ 14
1 5 Rents ............................................... ¯ 1 5
16 Depreciation and depletion (See instructions) ............................ ¯ 16
17 Other Expenses and Disbursements. Attach schedule ............... .i~.C.~..~... ¯ 17
18 Total expenses and disbursements. Add line 9 through line 17. Enter here and on Side 1, Part I, line 9 . 1 8
Schedule L Balance Sheets Beginning of taxable year
Assets
1 Cash
2 Net accounts receivable ............
3 Net notes receivable.
4 Inventories
5 Federal and state government obligations . . .
6 Investments in other bonds.. .........
7 Investments in stock.
8 Mortgage loans.. ..............
9 Other investments. Attach schedule ......
10 a Depreciable assets
b Less accumulated depreciation .......
11 Land .....................
12 Other assets. Attach schedule .........
13 Totai assets ..................
Liabilities and net worth
14 Accounts payable ...............
15 Contributions, gifts, or grants payable .....
16 Bonds and notes payabte ...........
17 Mortgages payable ..............
18 Other liabilities. Attach schedule ........
19 Capital stock or principle fund .........
20 Paid-in or capital surplus. Attach reconciliation .
21 Retained earnings or income fund .......
22 Total liabilities and net worth .........
(a) (b) (c)
1,4531,248,72 204
Schedule M-1 Reconciliation of income per books with income per returnDo not complete this schedule if the amount on Schedule L, line 13, column (d), is less than $25,000
9,441,716.00446.00
611,369.00!0030
13,387,320.382,526.
23,823,377.302,731,288.30
00807,315.100
7,400,854 .!00870,997.00565,930 00
1,225,775.0096,432.00
7,165,443.0020,864,034 . 00
End of taxable year
(d)
079,443
303L245.
275.630, 136.
5,187,656.2, 602, 455.
38, 650,000.
136
Net income per books ..................
Federal income tax
Excess of capital losses over capital gains ........
Income not recorded on books this
year. Attach schedule
Expenses recorded on books this year not
deducted in this return. Attach schedule..~.~,C.~., ~, .
Total.Add line 1 through line 5 ................
Side2 Form 199Cl 2011
1Y0528 1.000
38960Y LI61
¯ -113,577.
¯ I~ 878~ 636.
i, 765,059.
~ 3652114
7 Income recorded on books this year
not included in this return.
Attach schedule . . ~,C~..1.0.
8 Deductions in this return not charged
against book income this year.
Attach schedule ..........
9 Total. Add line 7 and line 8 .....
10 Net income per return.
Subtract line 9 from line 6 .....
10/3/2012 8:21:12 AM V 11-6 300748 PAGE 2
CORPORATION FOR SUPPORTIOHOUSING 13-3600232
ATTACHMENT 1
PART II - OTHER INCOME
MISCELLANEOUS INCOME
TOTAL OTHER INCOME
382,526.
382,526.
38960Y LI61 10/3/2012 8:21:12 AM V 11-6 300748ATTACHMENT 1
PAGE 3
0
o
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O~
0
~o
0
oo
Z
0
0
0
0
0
0
E~Z
~-Io
o~-i
CORPORATION FOR SUPPORTI’ ING 13-3600232
ATTACHMENT 4
PART II - OTHER EXPENSES
CONSULTANTSBAD DEBT EXPENSEEQUIPMENT REPAIRS AND MAINTENANCEADMINISTRATIVE EXPENSESTRAVELPROFESSIONAL FEESPENSION PLAN CONTRIBUTIONSCONFERENCESEMPLOYEE BENEFITSOFFICE EXPENSEINFORMATION TECHNOLOGYINSURANCE
TOTAL OTHER EXPENSES
2,571,870.475,550.
34,212.173,464.593,549.495,149.313,718.515,923.
I, 180,625.630,495.137,783.
43,105.
7,165,443.
38960Y LI61 10/3/2012 8:21:12 AM V 11-6 300748ATTACHMENT 4
PAGE 12
CORPORATION FOR SUPPORTI~ 13-3600232
ATTACHMENT 5
SCHEDULE L - NOTES RECEIVABLE NET
DESCRIPTION
NOTES RECEIVABLELESS ALLOWANCE FOR UNCOLLECTIBLE LOANS
TOTAL NOTES RECEIVABLE NET
BEG. OF YEAR
32,830,024.-2,102,822.
30,727,202.
END OF YEAR
34,541,571.-2,317,623.
32,223,948.
38960Y LI61 10/3/2012 8:21:12 AM V 11-6 300748ATTACHMENT 5
PAGE 13
CORPORATION FOR SUPPORTI~ 13-3600232
ATTACHMENT 6
SCHEDULE L - INVESTMENTS IN STOCK
DESCRIPTION
CORP & GOVT FIXED INCOME SECURITIESMONEY MARKET FUNDSMUTUAL FUNDS
TOTAL INVESTMENTS IN STOCK
BEG. OF YEAR
13,764,019.135,773.
12,974,422.
26,874,214.
END OF YEAR
18,743,089.248,665.
I0,087.,689.
29,079,443.
38960Y LI61 10/3/2012 8:21:12 AM V 11-6 300748ATTACHMENT 6
PAGE 14
CORPORATION FOR SUPPORTI ISING 13-3600232
ATTACHMENT 7
SCHEDULE L - OTHER ASSETS
DESCRIPTION
GRANTS AND CONTRIBUTIONS RECEIVABLE, NETCONTRACTS RECEIVABLE, NETPREPAID EXPENSES AND OTHER ASSETS
TOTAL OTHER ASSETS
BEG. OF YEAR
9,625,180.3,720,125.
300,920.
13,646,225.
END OF YEAR
7,677,501.4,632,157.
329,617.
12,639,275.
38960Y LI61 10/3/2012 8:21:12 AM V 11-6 300748ATTACHMENT 7
PAGE 15
CORPORATION FOR SUPPORTI’ HOUSING 13-3600232
ATTACHMENT 8
SCHEDULE L - BONDS AND NOTES PAYABLE
DESCRIPTION
MACARTHUR FOUNDATIONMACARTHUR FOUNDATIONWELLS FARGO BANKU.S. BANCORP COMMUNITY DEVELOPMENT FDTNCONRAD N. HILTON FOUNDATIONMERCY INVESTMENT SERVICESFANNIE MAE CORPORATIONHSBC BANKCALIFORNIA HOUSING FINANCE AGENCYWELLS FARGO CDCCITY OF LOS ANGELESINDIANA HOUSING & COMMUNITY DEV AUTHVAN AMERINGEN FOUNDATIONMETROPOLITAN LIFE INSURANCE COMPANYBANK OF AMERICACONRAD N. HILTON FOUNDATIONCATHOLIC HEALTCARE WESTTHE ANNIE E. CASEY FOUNDATIONTRINITY HEALTH CORPORATION
TOTAL BONDS AND NOTES PAYABLE
BEG. OF YEAR
600,000.1,000,000.2,000,000.1,000,000.1,000,000.
4,000,000.
5,000,000.i, 000,000.5,000,000.
500,000.550,000.
2,000,000.8,000,000.5,000,000.
36,650,000.
END OF YEAR
600,000.1,000,000.2,000,000.
1,000,000.1,000,000.
4,000,000.5,000,000.1,000,000.5,000,000.
500,000.550,000.
8,000,000.5,000,000.2,000,000.1,000,000.1,000,000.
38,650,000.
38960Y LI61 10/3/2012 8:21:12 AM V 11-6 300748ATTACHMENT 8
PAGE 16
CORPORATION FOR SUPPORTI HOUSING 13-3600232
ATTACHMENT 9
SCHEDULE M-I - EXPENSES RECORDED ON BOOKS THIS YEAR NOT DEDUCTED
DONATED LEGAL SERVICESINKIND CONTRIBUTION OF BELOW MARKET INTEREST RATES
TOTAL EXPENSES RECORDED ON BOOKS THIS YEAR NOT DEDUCTED
868,799.1,009,837.
I, 878,636.
38960Y LI61 10/3/2012 8:21:12 AM V 11-6 300748ATTACHMENT 9
PAGE 17
CORPORATION FOR SUPPORTI~ ;ING 13-3600232
ATTACHMENT I0
SCHEDULE M-I - INCOME RECORDED ON BOOKS THIS YEAR NOT INCLUDED
UNREALIZED GAINSDONATED LEGAL SERVICESINKIND CONTRIBUTION OF BELOW MARKET INTEREST RATES
TOTAL INCOME RECORDED ON BOOKS THIS YEAR NOT INCLUDED
863,445.868,799.
1,009,837.
2,742,081.
38960Y LI61 10/3/2012 8:21:12 AM V 11-6 300748ATTACHMENT I0
PAGE 18
Corporation for Supportive Housing
EIN # 13-3600232Corp# 1852873
Year Ended December 31, 2011
California Form 199, Part II, Line 6:
Gross amount from
sale of investmentsLess cost basis
Net gain(loss)
$ 13,387,320
(14,259,957)
$ (872,637)
ATTACHMENT 11
¯ BLE Political or L islative Activities by
2011 Section 23701d Organizations 3509For calendar year 2011 or fiscal year beginning month_~.2~_ day ~year_z.O_.~, and ending month ~sc day ___3_L_ year.2.~.Attach to Form 199.Corporation/Organization name California corporation number
CORPORATION FOR SUPPORTIVE HOUSIHNG 1852873Address (suite, room, or PMB no.)
50 BROADWAY, 17TH FLOORCity State Zip Code
NEW YORK NY 10004
Part I - Political Activities
FEIN
13-3600232
Complete if the organization supported or opposed a candidate for public office. See instructions.
1 Has the organization participated or intervened in any political campaign on behalf of any elective public office candidate? ......1If "Yes," describe the activities. Provide a summary of any published material relating to the activities.
F]Yes I-~-1 No
Has the organization contributed funds to support or oppose any individual public office candidate, or any organizations formedto support or oppose a public office candidate? ................................................................ 2If "Yes," describe the activities. Include the name of the individual or organization the organization contributed to,the amount paid, and date of contribution.
i-lYes I-~-] No
Part II - Legislative Activities. See instructions.
Complete if the organization attempted to influence legislation.
3 Has the organization attempted to influence any national, state or local legislation, or ballot measure? ..................... 3If "Yes," describe the activities in detail. Provide a summary of any published materials relating to the activities.
SEE ATTACHMENT 1
[] Yes [] No
Has the organization, during the taxable year listed above, filed a federal election Form 5768, Election/Revocationof Election by an Eligible Section 501(c)(3) Organization to Make Expenditure to Influence Legislation? .....................4The organization cannot make this election if it is a church, an integrated auxiliary of a church, a private foundation, oran affiliated organization.If "Yes," attach a copy of federal Form 5768 filed with the Internal Revenue Service (IRS).
[]Yes [] No
If the organization elected to make expenditures to influence legislation, furnish the following financial information for the taxable year:
5 Exempt Purpose ExpendituresThe total amount paid or incurred to accomplish the charitable, educational, religious, etc. purpose ........................ 5
6 Lobbying ExpendituresThe total amount expended for the purpose of influencing legislation through communication with any member or employeeof a legislative body or any government official or employee who may participate in the formation of legislation ...............6
7 Grass Roots ExpendituresThe amount expended to influence any legislation through attempts to affect the opinions of the general public or anysegment of it ............................................................................................ 7
20,845,494 O0
16,160O0
2,380 00
8311114 FTB3509 (New2011) Side1
Increasing funding for the U.S. Department of Housing and Urban Development broadly, and specifically
the McKinney-Vento Homeless Assistance Grants and Section 8 tenant-based rental assistance
programs;
Encouraging HUD and Congress to develop a program to address vulnerable families in public housing by
increasing services funding and delivering better service delivery models
Enact the Section 8 Voucher Reform Act
Increasing funding for the Substance Abuse and Mental Health Services Administration’s grant programs
for services for the homeless;
Supporting passage of the Criminal Justice Reinvestment Act in both the U.S. House of Representatives
and the UoS. Senate
Increasing funding for the U.S. Department of Agriculture’s Rural Community Development Initiative
program;
Increasing funding for the U.S. Treasury Department’s Community Development Financial Institutions
fund;
Continuing the U.S. Treasury Department’s Tax Credit Exchange program;
Capitalizing the National Housing Trust Fund;
Enacting the Homes for Heroes Act, the Zero Tolerance for Veterans Homelessness Act, and S. 3377 to
revitalize the U.S. Veterans Affairs Department’s Multifamily Transitional Home Loan Guarantee
program to better serve homeless veterans;
Supporting passage of the Criminal Justice Reinvestment Act;
Directing funds from the 2009 Economic Stimulus bill towards programs that benefit the homeless;
Encouraging the U.S. Department of Health and Human Services, as well as Congress, to developprograms that address vulnerable families with high involvement in the child welfare system, and by
increasing service funding and connection to housing.
STATEMENT 1
CORPORATION FORSUPPORTIVE HOUSING
CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2011 and 2010
SNERAMPERACCC) U[~TANT$ & ADVISORS
EisnerArnper LLP750 Third Avenue
New York, NY 10017-2703T 212.949.8700F 212.891.4100
www.eisneramper.com
INDEPENDENT AUDITORS’ REPORT
Board of DirectorsCorporation for Supportive HousingNew York, New York
We have audited the accompanying consolidated statements of financial position of the Corporation forSupportive Housing ("CSH") as of December 31, 2011 and 2010, and the related consolidated statementsof activities, functional expenses and cash flows for the years then ended. These financial statementsare the responsibility of CSH’s management. Our responsibility is to express an opinion on thesefinancial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United Statesof America. Those standards require that we plan and perform the audit to obtain reasonable assuranceabout whether the financial statements are free of material misstatement. An audit includes considerationof internal control over financial reporting as a basis for designing audit procedures that are appropriate inthe circumstances, but not for the purpose of expressing an opinion on the effectiveness of internalcontrol over financial reporting. Accordingly, we express no such opinion. An audit also includesexamining, on a test basis, evidence supporting the amounts and disclosures in the financial statements,assessing the accounting principles used and significant estimates made by management, and evaluatingthe overall financial statement presentationl We believe that our audits provide a reasonable basis forour opinion. .....
In our opinion, the consolidated financial statements enumerated above present fairly, in all materialrespects, the financial position of the Corporation for Supportive Housing as of December 31, 2011 and2010, and the changes in its net assets and its cash flows for the years then ended, in conformity withaccounting principles generally accepted in the United States of America.
New York, New YorkApril 24, 2012
New York I New Jersey I Pennsylvania I California Cayrnan lstands
EisnerAmper is an independent member of PKF fnternationel Limited
CORPORATION FOR SUPPORTIVE HOUSING
Consolidated Statements of Financial Position
ASSETSCash and cash equivalentsInvestmentsGrants and contributions receivable, netContracts receivable, netLoans receivable, netOther receivables, netPrepaid expenses and other assetsProperty and equipment, net
LIABILITIES AND NET ASSETSLiabilities:
Accounts payable and accrued expensesAdvances from governmental sourcesGrants payableLoans payable
Commitments and contingencies (Note O)
Net assets:UnrestrictedTemporarily restricted
December 31,2011 2010
$ 4,104,791 $ 4,810,61629,079,443 26,874,214
7,677,501 9,625,1804,632,157 3,720,125
32,223,948 30,727,2021,279,434 2,246,838
329,617 300,920303~245 204,975
79.630.136 $ 78.510.070
2,187,884 $ 2,490,2962,999,772 3,746,9832,602,455 2,319,189
381650~000 36,650,000
4&4401111 45,206,468
16,417,255 15,473,39416~772~770 17,830,208
33~190~025 33,303,602
$ 79.630.13~6 $ 78.510.070
See notes to consofidated financial statements 2
(.9
~ o
0 ~
o
" EZ ~
CORPORATION FOR SUPPORTIVE HOUSING
Consolidated Statements of Cash Flows
Cash flows from operating activities:Change in net assetsAdjustments to reconcile change in net assets to net cash provided by
operating activities:Depreciation and amortizationBad debt (recovery of) expenseNet realized and unrealized losses on investmentsChange in grants receivable discountChanges in:
Grants and contributions receivableContracts receivableOther receivablesPrepaid expenses and other assetsAccounts payable and accrued expensesAdvances from governmental sourcesGrants payable
Net cash provided by operating activities
Cash flows from investing activities:Purchases of property and equipmentPurchases of investmentsProceeds from sales of investmentsCash payments under Loan programsCash collections under loan programs
Net cash used in investing activities
Cash flows from financing activities:Proceeds from loans payablePayments on loans payable
Net cash provided by (used in) financing activities
Net decrease in cash and cash equivalentsCash and cash equivalents - beginning of year
Cash and cash equivalents - end of year
Year Ended December 31,2011 2010
$ (113,577) $ 5,398,826
96,432 77,435475,550 (113,188)
9,192 258,005(288,587) 642,507
2,236,266 (4,472,906)(1,076,793) (1,257,427)1,021,094 319,794
(28,697) 5,499(302,412) (616,981)(747,211) 3,323,232283,266 385,650
1,564,523 3,950,446
(194,702) (73,260)(15,601,741) (40,948,996)13,387,320 24,538,325
(23,292,448) (15,582,603)21,431,223 20,387,664
(4,270,348) (11,678,870)
9,000,000 4,000,000(7,000,000) (9,000,000)
2,000,000 (5,000,000)
(705,825) (12,728,424)4,810,616 17,539,040
$ 4~104:791 $ 4,810.616
Supplemental disclosures of cash flow information:Interest paidIn-kind contributions
$ 855~447 $ 1,074,493$ 1:87&636 $ 1.975.392
See notes to consolidated financial statements 5
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31,2011 and 2010
NOTE A - ORGANIZATION AND ITS SIGNIFICANT ACCOUNTING POLICIES
[1] Organization:
The Corporation for Supportive Housing ("CSH") is a publicly supported not-for-profit organization,incorporated in the State of Delaware on January 25, 1991. CSH is a national intermediary organizationthat provides financial and technical assistance to not-for-profit organizations engaged in the developmentof service-enriched housing for populations with low and moderate incomes or special needs, includingpersons with AIDS and other individuals with chronic mental and physical disabilities.
CSH carries out its mission through local program sites located around the country. CSH seeks to support,through the provision of technical assistance, grants, and below-market loans, the expansion of "bestpractices" in the provision of housing for special-needs populations, as well as to encourage systematicimprovements in the financing and delivery of supportive housing.
During 2011, CSH became certified as a Community Development Entity ("CDE") under the New MarketsTax Credit ("NMTC") Program of the United States Department of Treasury and was awarded an NMTCallocation of $25,000,000 to support the innovative financing of supportive housing projects throughout theUnited States. To assist in administering the NMTC Program, during 2011, CSH formed a DelawareHolding Company (the "HC"), all financial assets and activities of which are included in the accompanyingconsolidated financial statements. All significant inter-entity balances and transactions have beeneliminated in consolidation.
CSH is exempt from income taxes under Section 501(c)(3) of the U.S. Internal Revenue Code and fromstate and local taxes under comparable laws.
[2] Basis of accounting:
The accompanying consolidated financial statements of CSH have been prepared using the accrual basis ofaccounting and conform to accounting principles generally accepted in the United States of America, asapplicable to not-for-profit entities.
[3] Use of estimates:
The preparation of financial statements in conformity with generally accepted accounting principles requiresmanagement to make estimates and assumptions that affect the reported amount of assets and liabilitiesand revenue and expenses, as well as the disclosure of contingent assets and liabilities. Actual resultscould differ from those estimates.
[4] Cash equivalents:
For financial reporting purposes, CSH considers all highly liquid investments purchased with an originalmaturity of three months or less to be cash equivalents, with the exception of cash and short-terminvestments that are designated to be part of CSH’s long-term investment portfolio.
[5] Investments:
CSH’s investments in fixed-income securities are reported at their quoted fair values. Included in fixed-income securities are corporate, government and municipal bonds, and bond mutual funds which arereported at their fair values, as determined by the related investment managers. Net realized andunrealized gains and losses are reported in the accompanying consolidated statements of activities.
CSH’s primary investment objective is to maximize total return with minimal risk. The stated goal is topreserve capital that is intended for CSH’s charitable mission while also generating cash flow to supportoperations.
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE
[5]
A - ORGANIZATION AND ITS SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Investments: (continued)
CSH,s various types of investment securities are subject to various risks, such as interest-rate, market, andcredit risks. Due to the level of risk associated with certain investment securities, it is at least reasonablypossible that changes in the values of those securities could occur in the near term and that such changescould materially affect the amounts reported in the accompanying consolidated financial statements.
[6] Property and equipment:
Property and equipment are stated at their original costs less accumulated depreciation or amortization.Donated assets are recorded at their related fair market values on the dates of the gifts. CSH’s policy is tocapitalize all acquisitions in excess of $5,000 and with useful lives in excess of one year. Furniture andequipment are depreciated using the straight-line method over estimated useful lives of five years.Leasehold improvements are amortized over their estimated useful lives or the respective lease terms,whichever are shorter.
[7] Accrued vacation:
[8]
CSH’s employees are entitled to be paid for unused vacation time if they leave CSH’s employ. Accordingly,at each fiscal year-end, CSH must recognize a liability for the amount that would be incurred if employeeswith such unused vacation were to leave. At December 31, 2011 and 2010, this accrued vacation obligationwas approximately $451,000 and $408,000, respectively.
Net assets:
Net assets and the changes therein are classified and reported as follows:
(a) Unrestricted:
Unrestricted net assets represent those resources that are not subject to donor restrictions.
(b) Temporarily restricted:
Temporarily restricted net assets represent those resources that have been restricted by donors forspecific purposes. When a donor restriction expires, that is, when a stipulated time restriction ends or apurpose restriction is accomplished, temporarily restricted net assets are reclassified as unrestricted netassets and reported in the accompanying consolidated statements of activities as net assets releasedfrom restrictions.
[9] Grants and contributions:
Contributions to CSH are recognized as revenue in the accompanying consolidated statements of activitiesupon the receipt either of cash or other assets or of unconditional pledges. Grant revenue is recognizedbased on the terms of each individual grant. Grants and contributions are considered available forunrestricted use, unless specifically restricted by the donor. Grants and contributions to be received overperiods longer than one year are discounted at an interest rate commensurate with the risk involved.
[10] Contract services:
Revenue from cost-reimbursement government contracts is recognized when reimbursable expenses areincurred under the terms of the contracts. Contract proceeds received in advance are recorded asadvances from governmental agencies, and the related revenue is deferred until the related expenses areincurred.
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31,2011 and 2010
NOTE A - ORGANIZATION AND ITS SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
[11] Allocation of expenses:
The costs of providing the various programs and other activities have been summarized on a functionalbasis in the accompanying consolidated statements of functional expenses. Accordingly, certain expenseshave been allocated among the programs and supporting services in reasonable ratios determined bymanagement.
[12] Grants and direct support:
Grants and direct support to others are recognized as expenses in the period the grants are approved. AtDecember 31,2011, the majority of outstanding grants payable are expected to be paid within one year.
[13] Income taxes uncertainties:
CSH follows the provisions of the Financial Accounting Standards Board’s Accounting StandardsCodification ("ASC")740-10-05 relating to accounting and reporting for uncertainty in income taxes.Because of CSH’s general tax exempt status, ASC 740-10-05 has not had, and is not anticipated to have, amaterial impact on CSH’s consolidated financial statements.
[14] Fair-value measurement:
CSH reports a fair-value measurement of all applicable financial assets and liabilities, including investments,grants and contributions receivable, loans receivable and short-term payables. (For the fair valuation ofinvestments, see Note F~)
[15] Subsequent events:
CSH considers the accounting treatments, and the related disclosures in the current year’s consolidatedfinancial statements, that may be required as the result of all events or transactions that occur afteryear-end through the date of the independent auditors’ report.
[16] Restatement of prior year’s balances:
The balances of unrestricted net assets as of December 31, 2010 have been adjusted to report a year-endbonus accrual of $308,483, resulting in (i) a decrease in unrestricted net assets at January 1,2011, and (ii)a decrease in the change in unrestricted net assets for 2010. In addition, certain information in the prioryear’s consolidated financial statements has been reclassified to conform to the current year’s presentation.
CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE B - GRANTS AND CONTRIBUTIONS RECEIVABLE
At each year-end, grants and contributions receivable consisted of the following:
December 31,2011 2010
Gross amounts due in:One yearOne to five years
$ 3,766,692 $ 4,068,6914,311,667 6,245,934
Less reduction of grants and contributions due in excessof one year, at a discount rate of 5%
8,078,359 10,314,625
(400,858) (689,445)
$ 7~677:501 $ 9,625.180
Based on its communications with donors and a review of its donor base, management expects all of the grantsand contracts receivable to be fully collected.
NOTE C - LOANS RECEIVABLE
CSH provides pre-development, acquisition, and bridge loans to not-for-profit organizations to facilitate thefinancing and production of permanent housing for individuals with special needs. The loan portfolio containsloans with interest rates ranging from 0% to 7.75% and with repayment terms of up to eight years. The loansreceivable are composed of secured loans, unsecured full-recourse loans, and project initiation full-recourseloans. The secured loans in general are collateralized by real estate, accounts receivable, notes receivable orthird-party guarantees. Project initiation full-recourse loans are due to CSH in full, unless the borrower requestsin writing that the loan be forgiven and CSH agrees to forgive the loan at its sole discretion.
At each year-end, loans receivable consisted of the following:
December 31,2011 2010
Due in one yearDue in more than one year
Less allowance for uncollectible loans
$17,076,390 $ 24,546,60017,465~181 8,283,424
34,541,571 32,830,024(2,317,623) (2,102,822)
The allowance for uncollectible loans is maintained at a level which, in management’s judgment, is adequate toabsorb potential losses inherent in the loan portfolio. The amount of the allowance is based on management’sevaluation of the collectability of the loan portfolio, reflecting the nature of the portfolio, credit concentrations,trends in historical loss experience in the consolidated financial statements and economic conditions. Theallowance is increased by an annual provision for loan losses, which is included as an expense and is reduced byany loan write-offs, net of recoveries. Because of uncertainties inherent in the estimation process, management’sestimate of credit losses inherent in the loan portfolio, and the related allowance, may change in future periods.
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CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE C - LOANS RECEIVABLE (CONTINUED)
In addition, CSH maintains a loan monitoring committee to review various economic conditions which may affectits loan program. The loan monitoring committee meets periodically throughout the year to review CSH’s loanportfolio, its inherent risks, the risk rating of specific loans, strategies to facilitate timely loan repayment, andassignments to staff members for follow-up and collection.
Additionally, to further mitigate its risk, CSH secured a $5,000,000 forgivable loan from the City of Los Angeles(as disclosed in Note H), to cover loan losses in its Los Angeles loan fund, and a $500,000 loan from the State ofIndiana Housing and Community Development Authority (as disclosed in Note H), with a provision that CSH willnot repay any actual losses resulting from providing project initiation loans. CSH also received a $500,000 grantfrom the Weingart Foundation to cover possible loan losses.
As of December 31, 2011 approximately $9,,950,000 of loans receivable were modified to include extensions ofmaturity dates, ranging from one to two years at similar terms for those organizations.
NOTE D - CONTRACTS RECEIVABLE
Contracts receivable consists of amounts due to CSH from government contracts. All amounts are due within oneyear. Based on management’s evaluation of the collectability of the receivables, at December 31, 2011 and 2010,CSH has recorded an allowance for uncollectible receivables of approximately $477,000 and $355,000,respectively.
Government contracts are recorded as revenues to the extent that expenses have been incurred for the purposesspecified by the grantors. For the years ended December 31, 2011 and 2010, CSH established advances fromgovernmental sources to the extent amounts received exceed amounts spent in the amounts of $2,999,772 and$3,746,983, respectively.
NOTE E - OTHER RECEIVABLES
Other receivables consist primarily of fees and accrued interest relating to CSH’s loan portfolio due from unrelatednot-for-profit organizations as disclosed in Note C. Based on management’s evaluation of the collectability of thereceivables, at December 31, 2011 and 2010, CSH has recorded an allowance for uncollectible receivables ofapproximately $78,000 and $133,000, respectively.
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CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE F - INVESTMENTS
At each year-end, investments were reported at their fair values and consisted of the following:
December 31,2011 2010
Fair FairValue Cost Value Cost
Corporate and government fixed-incomesecurities
Money-market fundsMutual funds
$18,743,089 $ 18,475,684 $13,764,019 $ 14,070,179248,665 248,665 135,773 135,773
101087,689 10,081,335 12,974,422 13,257,948
$26.874.214 $ 27.463.900
During each year, investment income consisted of the following:
Year EndedDecember 31,
2011 2010
Interest and dividendsNet unrealized gains (losses)
on investmentsNet realized (losses) gains on sales
of investments
$ 611,815 $ 840,841
863,445 (479,145)
(872,637) 221,140
582.836
Fair-value measurement as defined in ASC 820-10-05 prescribes three levels of fair-value measurement asfollows:
Level1: Valuations are based on observable inputs that reflect quoted market prices in active markets foridentical assets and liabilities at the reporting date. The types of investments and other assets includedin Level 1 are short-term money-market funds and mutual funds.
Level2: Valuations are based on (i) quoted prices for similar assets or liabilities in active markets, or (ii) quotedprices for identical or similar assets or liabilities in markets that are not active, or (iii) pricing inputs otherthan quoted prices that are directly or indirectly observable at the reporting date.
Level 3: Fair value is determined based on pricing inputs that are unobservable and includes situations wherethere is little, if any, market activity for the asset or liability.
For the years ended December 31, 2011 and 2010, respectively, the total of CSH’s investments of $29,029,443and $26,874,214, respectively, were categorized as Level 1 financial assets in accordance with theASC 820-10-05 fair value hierarchy levels.
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CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE G - PROPERTY AND EQUIPMENT
At each year-end, property and equipment consisted of the following:
Computers and office equipmentLeasehold improvements
Less accumulated depreciation andamortization
December 31,2011 2010
$ 1,170,409 $ 1,100,462477,990 353,235
1,648,399 1,453,697
1T345~ 154 1,248,722
$~393+2d5 $ 204.975
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CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31,2011 and 2010
NOTE H - LOANS PAYABLE
At each year-end, loans payable were uncollateralized and consisted of the following:
MacArthur Foundation note payable; interest is payable quarterly at 3% throughmaturity, January 1,2015. Principal is due in three annual installmentscommencing January 1,2013 through maturity.
MacArthur Foundation note payable; interest is payable quarterly, at 3% throughmaturity, January 1,2015. Principal is due in three annual installmentscommencing January 1,2013 through maturity.
Wells Fargo Bank note payable; interest is payable quarterly at 3% throughmaturity, August 31,2012.
Conrad N. Hilton Foundation note payable; interest is payable quarterlyat 2% through maturity, December 1,2014.
U.S. Bankcorp Community Development Corporation note payable; interest ispayable quarterly at 4% through maturity, February 21,2017. Paid in full in 2011.
Fannie Mae Corporation note payable; interest is payable quarterly at 4.5%through maturity, March 21, 2012. Paid in full in 2011.
California Housing Finance Agency note payable; interest is payable annuallyat 2.7% through maturity, October 1,2012.
Wells Fargo CDC note payable; interest is payable annually at 2% throughmaturity, June 30, 2018.
City of Los Angeles note payable; 0% interest through maturity,December 26, 2014.
Indiana Housing and Community Development Authority note payable; 0% interestthrough maturity, September 30, 2015.
Van Ameringen Foundation note payable; 1% interest through maturity,July 21,2014.
Metropolitan Life Insurance Company note payable; 4% interest through maturity,October 31,2016. Paid in full in 2011.
Bank of America note payable; interest is payable annually at 3% through maturity,February 25, 2018. Principal is due in three annual installments at February 25,2013, February 25, 2014 and February 25, 2018, respectively.
Conrad N. Hilton Foundation note payable; interest is payable quarterlyat 2% through maturity, December 11,2014.
HSBC note payable; interest is payable monthly based on LIBOR throughmaturity, December 31,2015.
Mercy Investment Services note payable; interest is payable quarterly at 2.5%through maturity, May 25, 2016.
Catholic Healthcare West note payable, interest is payable quarterly at 2%through maturity, June 1,2016.
The Annie E. Casey Foundation note payable, interest is payable quarterly at 3%through maturity, October 11, 2020.
Trinity Health Corporation note payable, interest is payable quarterly at 2%through maturity, June 30, 2016
December 31,2011 2010
600,000 $ 600,000
1,000,000 1,000,000
2,000,000 2,000,000
1,000,000 1,000,000
1,000,000
4,000,000
5,000,000 5,000,000
1,000,000 1,000,000
5,000,000 5,000,000
500,000 500,000
550,000 550,000
2,000,000
8,000,000 8,000,000
5,000,000 5,000,000
4,000,000
1,000,000
2,000,000
1,000,000
1~000,000
38~650.000 $ 36.650.000
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CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE H - LOANS PAYABLE (CONTINUED)
The required principal payments on the above obligations in each of the five years subsequent to 2011 are asfollows:
Year EndingDecember 31, Amount
2012 $ 7,000,0002013 2,530,0002014 14,080,0002015 5,040,0002016 4,000,000
Interest expense for 2011 and 2010 was $1,880,834 and $2,085,017, respectively, including $1,009,837 and$1,040,570, respectively, of in-kind interest (as disclosed in Note I).
Certain covenants exist under the terms of the loan agreements. As of December 31, 2011, CSH was not inviolation of any of these covenants.
NOTE I - IN-KIND CONTRIBUTIONS
As disclosed in Note H, loans payable consist of loans that bear either no interest or interest at below-marketrates. The difference between interest computed at a reasonable fair-market rate (5%) and at the stated interestrates is included in the accompanying consolidated statements of activities as an in-kind contribution andcorresponding expense. This amount was determined to be $1,009,837 and $1,040,570 for 2011 and 2010,respectively.
A member of CSH’s Board of Directors is a partner in a law firm retained by CSH. CSH recorded donated legalservices from the law firm in connection with its program services, the estimated fair value of which was $868,799and $934,822 in 2011 and 2010, respectively.
NOTE J - RELATED-PARTY TRANSACTIONS
In addition to the related-party transactions described in Note I, a member of CSH’s Board of Directors is anexecutive with the Federal National Mortgage Association ("Fannie Mae") with which CSH had a line-of-credit anda loan payable during 2011 and 2010, as disclosed in Note H. Amounts due under the line-of-credit and the loanpayable were paid in their entirety in 2011.
NOTE K - CONCENTRATION OF CREDIT RISK
CSH places its temporary cash investments with high-credit, quality financial institutions. At times, suchinvestments may exceed federally insured limits. Management does not believe that CSH has a significant risk ofloss related to the failure of these financial institutions.
CSH makes loans to not-for-profit organizations that are primarily engaged in residential real-estate developmentfunded by state agencies. The ability of these organizations to honor their contracts may be impaired by adownturn in the economy or by a reduction in the availability of government funding and support for projects.Management continually evaluates the collectability of the loan portfolio and believes the allowance foruncollectible loans is adequate to absorb potential losses.
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CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE L - TEMPORARILY RESTRICTED NET ASSETS
At each year-end, temporarily restricted net assets were available to satisfy the following purposes:
December 31,2011 2010
Specific programs:Systems change $ 2,536,129 $ 304,865Industry building 12,582,302 15,290,634Project assistance 1,286,425 1,855,277Business support 367,914 379,432
17.830.208
During each year, net assets released from restrictions consisted of the following:
Year EndedDecember 31,
2011Specific programs:
Systems change $ 1,075,127Industry building 7,872,107Project assistance 571,052Business support 9~423
2010
$ 183,7527,325,1111,205,380
60,013
8.774.256
NOTE M - PENSION PLANS
During 2010, CSH combined its non-contributory, defined-contribution Section 401(a) pension plan with the403(b) tax deferred retirement savings plan it maintains for the benefit of its employees, in order to reduceadministrative costs. Contributions by CSH are discretionary and can be made with the approval of the Board ofDirectors. Contributions by CSH during 2011 and 2010 were $313,713 and $365,267, respectively.
NOTE N - NEW MARKETS TAX CREDIT PROGRAM
At disclosed in Note All], during 2011, CSH was awarded an NMTC allocation of $25,000,000 to support theinnovative financing of supportive housing projects throughout the United States and to be administered throughthe HC. In addition, CSH formed four Delaware limited liability companies (the "LLCs") to obtain designatedequity investments from investors and to make qualified low-income community investments under the terms ofthe NMTC program. CSH will act as the managing member of each LLC. Since the activity within the LLCs wasnot material, consolidation of the activity was not warranted. As of December 31, 2011, CSH had not entered intoany NMTC agreements.
As the managing member, CSH will be entitled to .01% of any income earned by each LLC. In addition, as themanaging member, CSH is also entitled to origination fees and annual management fees related to any NMTC-qualified equity investment. During 2011, there were no fees earned, as there were no qualified equityinvestments made.
Subsequent to year-end, CSH entered into an agreement with a designated equity investor to make a qualifiedlow-income NMTC-related community investment, in the amount of $7,000,000, to finance a supportive housingproject. CSH received origination and management fees related to the investment.
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CORPORATION FOR SUPPORTIVE HOUSING
Notes to Consolidated Financial StatementsDecember 31, 2011 and 2010
NOTE O - COMMITMENTS AND CONTINGENCIES
[1] Lease commitments:
At December31, 2011, CSH was obligated under various non-cancelable operating real estate leasesexpiring through 2014. For years subsequent to 2011, minimum annual future rental commitments underthe lease agreements are as follows:
Year EndingDecember 31, Amount
2012 $ 1,090,0722013 889,8982014 469,9762015 153,8552016 104,601
$ 2.708.402
Total rent expense for 2011 and 2010 was $1,172,630 and $1,159,110, respectively.
[2] Loan commitments:
As of December 31, 2011, CSH’s Board of Directors had approved loan commitments totaling $14,677,438.These amounts are expected to be disbursed as loans in 2012.
[3] Government contracts:
Government-funded activities are subject to audit by the applicable granting agencies. At December 31,2011, no such audits had been undertaken at CSH, and management believes that unaudited projects willnot result in any material obligations.
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