2024-11-13T14:07:17-06:00 2023-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2023-01-01 911884698 NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN NDCH 2126821106 633 THIRD AVE 19J NEW YORK NY 10017 DANIEL MARSH III PRESIDENT 2126821106 2024-11-13 1 1 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2024-11-12 2023 2024-10-15 13:58:12Z DANIEL MARSH III 633 THIRD AVE 19J NEW YORK NY 10017 104017254 1 1 9219 X WWW.GROWAMERICA.ORG X 1988 VA NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE (CONT. ON SCHEDULE O) FOLLOWING CHARITABLE PURPOSES: TO CONSTRUCT NEW AND SUPPORT EXISTING SAFE AND ADEQUATE LOW-INCOME HOUSING FOR DISADVANTAGED PERSONS; THEREBY ASSISTING GENERALLY IN THE ALLEVIATION OF HOUSING SHORTAGES THROUGHOUT THE UNITED STATES; TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OF THE COUNTRY; AND TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS OR FACILITIES; TO LESSEN THE BURDENS OF GOVERNMENTS; AND TO PROMOTE SOCIAL WELFARE. 25 15 0 15 0 0 31207485 12419293 75619828 81973964 -2515552 -2502313 11317199 9623997 115628960 101514941 662000 1309562 0 0 0 0 0 0 0 100076505 108719231 100738505 110028793 14890455 -8513852 906903124 910447137 791875336 803924369 115027788 106522768 X NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE FOLLOWING CHARITABLE PURPOSES:A. TO CONSTRUCT NEW LOW INCOME HOUSING AND TO DEVELOP, MANAGE, OPERATE, PROMOTE, FUND, AND SUPPORT EXISTING LOW (CONT. ON SCHEDULE O) 0 0 82985259 78311510 LESSENING THE BURDENS OF GOVERNMENT: HEDC ALSO PARTNERS WITH UNITS OF LOCAL GOVERNMENT TO ERECT AND MAINTAIN PUBLIC BUILDINGS, MONUMENTS, AND FACILITIES; AND TO PROMOTE SOCIAL WELFARE. THE UNDERLYING MISSION IS TO "LESSEN THE BURDEN OF GOVERNMENT". PROJECTS INCLUDE PUBLIC BUILDINGS AND CITY HALLS, EDUCATIONAL AND MEDICAL RESEARCH FACILITIES, STUDENT HOUSING, PARKING FACILITIES AND OTHER PUBLIC INFRASTRUCTURE. 18780331 1309562 8997805 STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED AREAS: HEDC WORKS WITH NONPROFIT ORGANIZATIONS, SERVICE PROVIDERS AND UNITS OF LOCAL GOVERNMENT TO STIMULATE ECONOMIC DEVELOPMENT IN THE ECONOMICALLY DEPRESSED NEIGHBORHOODS ACROSS THE NATION. WORKING THROUGH THE NEW MARKETS TAX CREDIT PROGRAM ALONG WITH OTHER FINANCING TOOLS FOR SMALL BUSINESSES AND NONPROFITS, HEDC CREATES EMPLOYMENT AND ENTREPRENEURIAL OPPORTUNITIES FOR DISADVANTAGED GROUPS AND INDIVIDUALS, COMBATS COMMUNITY DETERIORATION, AND ELIMINATES SLUM AND BLIGHT THROUGH NEW INVESTMENT IN LOW-INCOME COMMUNITIES TO REHABILITATE AND REVITALIZE NEIGHBORHOODS.(CONT. SEE SCHEDULE O)NDC COMMUNITY IMPACT LOAN FUND (CILF) UNGUARANTEED LENDING TO WOMEN, MINORITIES, AND INDIVIDUALS IN DISADVANTAGED COMMUNITIES. CILF, HEDC'S NATIONAL CDFI AND MEMBER OF THE FEDERAL HOME LOAN BANK OF NEW YORK, WORKS WITH PARTNER-COMMUNITIES AND INVESTORS THROUGHOUT THE UNITED STATES TO STIMULATE ECONOMIC DEVELOPMENT BY PROVIDING CAPITAL FOR TARGETED GROWTH IN ECONOMICALLY DEPRESSED AREAS. CILF ENGAGES DIRECTLY WITH SMALL BUSINESS OWNERS ACROSS THE COUNTRY BY EXTENDING LOW-COST AND FAIR FINANCING. CILF ALSO OPERATES AND PARTICIPATES IN LOAN PROGRAMS FUNDED BY BOTH PUBLIC AND PRIVATE CLIENTS, IN WHICH CILF ULTIMATELY MAKES END LOANS TO BORROWERS. CILF'S ACTIVITIES CREATE OR RETAIN JOBS, ALLOW BUSINESSES TO EXPAND, RESTRUCTURE DEBT, AND MAKE IT POSSIBLE FOR BUSINESS OWNERS TO CREATE WEALTH. 3925 15379 LOW INCOME HOUSING:HEDC IS A NATIONAL LEADER IN LOW-INCOME HOUSING THROUGH BOTH DEVELOPMENT AND INVESTMENT. WORKING IN PARTNERSHIP WITH NONPROFIT ORGANIZATIONS AND SERVICE PROVIDERS AROUND THE NATION, HEDC HAS DEVELOPED, FINANCED, OPERATED, AND/OR MANAGED MORE THAN 14,000 OF UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE LOW-INCOME HOUSING EQUATING TO BILLIONS OF DOLLARS OF INVESTMENT IN LOW-INCOME COMMUNITIES ACROSS THE COUNTRY. 101769515 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X DANIEL CHOI 2126821106 633 THIRD AVE SUITE 19J NEW YORK NY 10017 ADAM ENNIS BOARD MEMBER/COO 5.50 44.50 X X 0 298140 87486 BRENDAN MEHAFFY BOARD MEMBER 0.25 X 0 0 0 BYRON BROWN BOARD MEMBER 0.25 X 0 0 0 CHARLEY DEPEW BOARD MEMBER 3.00 47.00 X 0 247953 65048 DANIEL CHOI CFO 20.00 30.00 X X 0 225345 83166 DANIEL MARSH III PRES/BOARD MEMBER 4.40 50.60 X X 0 519444 163290 DAVID J TREVISANI BOARD MEMBER/VICE PRESIDENT 10.50 39.50 X X 0 249303 103509 GERTUDE SCRIVEN BOARD MEMBER 0.50 49.50 X 0 273305 131878 JOHN MURRAY BOARD MEMBER 0.25 X 0 0 0 KEITH SWENSON BOARD MEMBER 0.25 X 0 0 0 KEVIN GREMSE BOARD MEMBER 1.00 49.00 X 0 269640 104024 KISTY MORRIS BOARD MEMBER 0.25 X 0 0 0 KYLE DONAHUE BOARD MEMBER 0.25 X 0 0 0 LARRY WEST BOARD MEMBER 0.25 X 0 0 0 MICHAEL GRIFFIN BOARD MEMBER 1.00 49.00 X 0 354428 104024 OSEREMI ADEKOYE BOARD MEMBER 0.25 X 0 0 0 RAQUEL FAVELA BOARD MEMBER 1.00 49.00 X 0 271994 68570 SHATORAH DONOVAN BOARD MEMBER 0.25 X 0 0 0 SHEILA HUMMEL BOARD MEMBER 0.25 X 0 0 0 STEPHANIE DUGAN BOARD MEMBER 1.00 49.00 X 0 247304 89349 STEVEN THAYER BOARD MEMBER 0.25 X 0 0 0 SVANTE MYRICK BOARD MEMBER 0.25 X 0 0 0 THOMAS GIBNEY BOARD MEMBER 0.25 X 0 0 0 TOM SCHAPPACHER BOARD MEMBER 0.25 X 0 0 0 WHITNEY TRUMBLY BOARD MEMBER 0.25 X 0 0 0 JENNIE VERTREES SECRETARY 15.00 35.00 X 0 110863 84444 0 3067719 1084788 0 0 1 0 SEATTLE MAINTENANCE SERVICES PO BOX 95384 SEATTLE WA 98145 JANITORIAL 1455796 BGIS GLOBAL INTEGRATED SOLUTIONS US LLC 210 S HUDSON ST STE 380 SEATTLE WA 98134 PROPERTY MANAGEMENT 1191109 HINES INTERESTS LIMITED PARTNERSHIP 2800 POST OAK BLVD HOUSTON TX 77056 PROPERTY MANAGEMENT 1164229 STAR PROTECTION AGENCY LLC 875 124TH AVENUE NE STE 101 BELLEVUE WA 98005 SECURITY 828138 STRUCTURED COMMUNICATIONS 9200 SE SUNNYBROOK BLVD STE 300 CLACKAMAS OR 97015 IT SERVICES 382460 20 901030 11420763 97500 12419293 RENTAL INCOME 900099 61604367 61604367 INTEREST REVENUE 900099 18499452 18499452 FINANCIAL ASSISTANCE 900099 1050000 1050000 DEVELOPER FEE INCOME 900099 606647 606647 EXPENSE RECOVERIES 900099 213498 213498 81973964 2502313 -2502313 -2502313 -2502313 PARKING INCOME 900099 3318358 3318358 TREASURY REBATES 900099 2011548 2011548 MANAGEMENT FEE INCOME 900099 55550 55550 4238541 1976822 2261719 9623997 101514941 87324694 0 1770954 1309562 1309562 5938013 3296548 2641465 3259134 19950 3239184 15581479 15581479 118642 118642 31568395 31568395 21140009 21140009 3245144 3245144 OPERATING & MAINTENANCE 11382411 11382411 PROVISION FOR LOAN LOSS 11189860 11189860 ADMINISTRATIVE EXPENSES 2298237 2298237 2997907 2917515 80392 110028793 101769515 8259278 0 20996502 29989112 18768903 20070743 1424765 2817545 1313947 3550324 85665451 111576846 2038036 2030178 602566600 266642138 349424480 335924462 360660084 340018215 3529310 3242974 63081646 61226738 906903124 910447137 18167634 21876739 62000 100000 10195788 26330274 571416566 563734860 149752089 153717369 374961 1195136 41906298 36969991 791875336 803924369 X 115027788 106522768 115027788 106522768 906903124 910447137 -8513852 8832 0 X 0 0 0 X 2132754 104174208 42657950 31207485 12419293 192591690 76832699 78928459 76639809 75619828 81973964 389994759 78965453 183102667 119297759 106827313 94393257 582586449 0 0 0 582586449 31529 3176706 425159 3633394 31529 3176706 425159 3633394 11834265 8406336 10538681 11317199 9623997 51720478 90831247 194685709 130261599 118144512 104017254 637940321 0.91320 0.91460 0.00570 0.00580 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: PARKING FEE - 2019 AMOUNT: $ 4,063,843. 2020 AMOUNT: $ 2,645,535. 2021 AMOUNT: $ 2,479,799. 2022 AMOUNT: $ 3,205,919. 2023 AMOUNT: $ 3,318,358. TREASURY REBATES - 2019 AMOUNT: $ 2,459,613. 2020 AMOUNT: $ 2,506,809. 2021 AMOUNT: $ 2,110,986. 2022 AMOUNT: $ 2,141,065. 2023 AMOUNT: $ 2,011,548. MISC FEE INCOME - 2019 AMOUNT: $ 5,205,259. 2020 AMOUNT: $ 3,158,442. 2021 AMOUNT: $ 5,524,346. 2022 AMOUNT: $ 4,822,665. 2023 AMOUNT: $ 4,238,541. MANAGEMENT FEE INCOME - 2019 AMOUNT: $ 105,550. 2020 AMOUNT: $ 95,550. 2021 AMOUNT: $ 423,550. 2022 AMOUNT: $ 1,147,550. 2023 AMOUNT: $ 55,550. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 551488314 251992664 299495650 9356199 4275147 5081052 22704312 10374327 12329985 19017775 19017775 335924462 SOCIAL INFRASTRUCTURE DEV. TO LESSEN THE BURDEN OF GOVT 283558688 F CDI INVESTMENT, ECONOMIC DEVELOPMENT 56247564 F LOW INCOME HOUSING PROJECTS 211963 F 340018215 DUE FROM AFFILIATES 18425275 INTEREST RECEIVABLE 1737206 ASSETS LIMITED TO USE 35013436 DEVELOPER FEE RECEIVABLE 1649248 DEFERRED FINANCING COSTS 4319337 FEE RECEIVABLES 57050 INTERCOMPANY RECEIVEABLES 25186 61226738 SECURITY DEPOSITS 66250 ADVANCES PAYABLE 1727014 DEFERRED RENT 2092655 CONSTRUCTION FUNDS PAYABLE 2402359 DEVELOPER FEES PAYABLE 3342898 INVESTMENT LIABILITIES IN PROJECTS 3407725 OTHER LIABLILITIES 6778551 BOND PREMIUM 8043838 DUE TO THIRD PARTIES 9108701 36969991 1 2816 S MCCLELLAN STREET LLC 633 THIRD AVE SUITE 19J NEW YORK NY 10017 931879587 783030 0 GRANT TO A SMALL BUSINESS OWNER FOR REAL ESTATE DEVELOPMENT ASCENDUS INC 25 BROADWAY FLOOR FL 10 NEW YORK NY 10004 113317234 501(C)(3) 56017 0 OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T) NDC COMMUNITY IMPACT LOAN FUND 633 THIRD AVE SUITE 19J NEW YORK NY 10017 133678913 501(C)(3) 118000 0 WORKING CAPITAL GRANT NEW YORK BUSINESS CORPORATION DBA PURSUIT 50 BEAVER ST ALBANY NY 12207 141420782 80000 0 WORKING CAPITAL GRANT THE COMMUNITY ECONOMIC DEVELOPMENT FUND I LLC 633 THIRD AVE SUITE 19J NEW YORK NY 10017 061400719 52515 0 WORKING CAPITAL GRANT NDC HOUSING AND ECONOMIC DEVELOPMENT CORP 633 THIRD AVE SUITE 19J NEW YORK NY 10017 112933129 501(C)(3) 200000 0 ECONOMIC DEVELOPMENT GRANT KINGS THEATRE MASTER TENANT LLC 208 EAST HOUSTON STREET SAN ANTONIO TX 78205 461348290 20000 0 ANNUAL THANKSGIVING DONATION 3 4 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY REQUIRING THE GRANTEE TO PROVIDE PERIODIC REPORTS THAT DESCRIBE THE USE OF GRANT FUNDS. 0 1 0 0 0 0 0 0 0 DANIEL MARSH III PRES/BOARD MEMBER 0 514500 0 0 0 4944 0 144693 0 18597 0 682734 0 0 MICHAEL GRIFFIN BOARD MEMBER 0 352106 0 0 0 2322 0 52616 0 51408 0 458452 0 0 GERTUDE SCRIVEN BOARD MEMBER 0 269028 0 0 0 4277 0 111451 0 20427 0 405183 0 0 ADAM ENNIS BOARD MEMBER/COO 0 297600 0 0 0 540 0 38804 0 48682 0 385626 0 0 KEVIN GREMSE BOARD MEMBER 0 267318 0 0 0 2322 0 52616 0 51408 0 373664 0 0 DAVID J TREVISANI BOARD MEMBER/VICE PRESIDENT 0 243268 0 0 0 6035 0 55692 0 47817 0 352812 0 0 RAQUEL FAVELA BOARD MEMBER 0 270868 0 0 0 1126 0 32983 0 35587 0 340564 0 0 STEPHANIE DUGAN BOARD MEMBER 0 244168 0 0 0 3136 0 54126 0 35223 0 336653 0 0 CHARLEY DEPEW BOARD MEMBER 0 242208 0 0 0 5745 0 46896 0 18152 0 313001 0 0 DANIEL CHOI CFO 0 224950 0 0 0 395 0 34222 0 48944 0 308511 0 0 JENNIE VERTREES SECRETARY 0 110032 0 0 0 831 0 39406 0 45038 0 195307 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL 457(F) EXECUTIVE RETIREMENT PLAN, NO CONTRIBUTIONS WERE MADE DURING THE YEAR. - DANIEL MARSH III - GERTRUDE SCRIVEN A WASHINGTON ECONOMIC DEV FIN AUTH 911493002 93975WCB9 2014-07-24 109205000 REFUNDING 0 0 0 B CITY OF NEWBURGH IND DEV AGENCY 141742033 650861AB3 2005-11-17 21230000 CONSTRUCTION 0 0 0 C TOMPKINS COUNTY IDA 161214039 890099CN2 2003-12-01 19035000 CONSTRUCTION 0 0 0 D WBRP 32 273468946 937308AY0 2015-10-07 107615000 CONSTRUCTION 0 1 0 A 51025000 109205000 108233233 971767 1 0 0 1 B 21230000 21230000 372076 112175 19714522 1031227 2007 0 0 1 1 C 11430000 19035000 2086771 1285687 15662542 2005 0 0 0 1 D 13375000 107615000 12078360 1613002 104849679 0 0 0 1 A 0 0 0 1 1 0.00790 0.00790 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 1 1 0.01360 0.01360 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 1 0 0 0 0 0 0 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: SCRANTON-LACKAWANA HLTH & WELF. AUTH. (CDP SCRANTON) DATE THE REBATE COMPUTATION WAS PERFORMED: 10/28/2021 ISSUER NAME: CDP LOS ANGELES COUNTY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/16/2022 ISSUER NAME: WASH. ST. HOUSING FINANCING COMM. DATE THE REBATE COMPUTATION WAS PERFORMED: 04/22/2022 A NJB PROPERTIES 205535917 65486MAAS 2006-12-05 179285000 CONSTRUCTION 0 1 0 B TOP 260073671 89054QAP5 2014-06-26 43435000 CONSTRUCTION 0 1 0 C WASHINGTON ECONOMIC DEV FIN AUTH 911493002 93975WEH4 2013-12-11 28995000 REFUNDING 0 0 0 D SCRANTON-LACKAWANA HLTH & WELF AUTH (CDP SCRANTON) 232205980 810694K99 2016-08-30 36126671 ACQUIRE LEASEHOLD INTEREST 0 0 0 A 6890000 155420000 179285000 2136771 177148229 2009 0 0 0 1 B 22110000 43435000 48867177 239100 30362 1 1 1 1 C 13310000 28995000 405166 28589834 1 0 1 1 D 791835 36126671 3145683 32980988 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 1 0 1 1 0.01360 0.01360 0 0 1 D 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 0 0 1 0 0 0 0 0 A 1 B 1 C 1 D 1 A CDP LOS ANGELES COUNTY 273473882 20368RAR5 2011-05-26 43710000 CONSTRUCTION 1 1 0 B COMMUNITY PROPERTIES ALASKA INC 455454746 20401WAT9 2012-12-19 25070000 CONSTRUCTION 0 1 0 C COB PROPERTIES 453455657 19075HAV4 2014-07-11 49625000 CONSTRUCTION 0 1 0 D FYI PROPERTIES 262473717 302716AW5 2019-03-05 227875000 REFUNDING 0 1 0 A 12570000 31140000 43710000 1271507 42438493 2012 0 0 0 1 B 4825000 25070000 544205 24525795 2014 0 0 0 1 C 10695000 49625000 1020679 48604321 2015 0 0 0 1 D 31925000 227875000 341665 227533335 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 0 1 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A WASH ST HOUSING FINANCING COMM 911874730 2020-12-30 14410000 REFUNDING 0 0 0 A 890893 14410000 314934 14095066 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 0 A 1 FORM 990, PART III, LINE 1 CONTINUATION: INCOME HOUSING FOR PERSONS OF LIMITED FINANCIAL MEANS, HANDICAPPED PERSONS, ELDERLY PERSONS, AND OTHER PERSONS IN NEED OF SAFE ADEQUATE AFFORDABLE HOUSING AND TO ASSIST GENERALLY IN THE ALLEVIATION OF HOUSING SHORTAGES THROUGHOUT THE US. B. TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS, FACILITIES, OR WORKS; TO LESSEN THE BURDENS OF GOVERNMENT; AND TO PROMOTE SOCIAL WELFARE. C. TO INITIATE AND CARRY OUT ACTIVITIES TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED AREAS OF THE US. IN PARTICULAR, TO UNDERTAKE ACTIVITIES THAT: - RELIEVE POVERTY AND LESSEN NEIGHBORHOOD TENSION CAUSED BY A LACK OF JOBS IN DETERIORATED AND DEPRESSED AREAS BY PROVIDING TRAINING OPPORTUNITIES FOR THE UNEMPLOYED AND CREATING JOB OPPORTUNITIES FOR DISADVANTAGED GROUPS. - COMBAT COMMUNITY DETERIORATION AND ELIMINATE BLIGHT BY UNDERTAKING ACTIVITIES THAT STIMULATE THE ESTABLISHMENT OF NEW BUSINESSES AMONG DISADVANTAGED GROUPS AND WHICH REHABILITATE AND REVIVE EXISTING BUSINESSES OPERATED BY DISADVANTAGED GROUPS. FORM 990, PART VI, SECTION A, LINE 6 NATIONAL DEVELOPMENT COUNCIL IS THE SOLE VOTING MEMBER OF NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A NATIONAL DEVELOPMENT COUNCIL IS THE SOLE VOTING MEMBER OF NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION AND HAS THE POWER TO ELECT AND REMOVE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY OUTSIDE TAX PREPARERS IN CONSULTATION WITH MANAGEMENT AND AUDITORS. A DRAFT OF THE FULL FORM 990 WAS PROVIDED TO THE ENTIRE BOARD FOR REVIEW. A COMPLETE COPY OF THE FINAL FORM 990 WAS PROVIDED TO THE ORGANIZATION'S ENTIRE BOARD BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF NDC'S BOARD OF DIRECTORS AND EXECUTIVE EMPLOYEES ARE REQUIRED ANNUALLY TO EXECUTE A CONFLICT OF INTEREST AND COMPENSATION GUIDELINES ACKNOWLEDGEMENT STATING THAT THEY HAVE RECEIVED, READ AND UNDERSTAND, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES. THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES REQUIRES BOARD MEMBERS AND EXECUTIVE EMPLOYEES TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST IMMEDIATELY.UPON DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, THE CHAIRPERSON OF THE BOARD WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY CAN RESULT IN APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. ALSO, ALL BOARD MEMBERS, BY EXECUTING THE ANNUAL ACKNOWLEDGEMENT STATEMENT, CONCERNING THE CONFLICT OF INTEREST AND COMPENSATION GUIDELINES, ACKNOWLEDGE THAT NDC SHALL REMAIN FAITHFUL TO ITS CHARITABLE PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART IV, LINE 12B: THIS RETURN HAS BEEN PREPARED BASED ON ALL AVAILABLE INFORMATION AT THE TIME OF FILING. IT IS ALSO BASED ON UNAUDITED FINANCIAL STATEMENTS. IF ANY SIGNIFICANT DIFFERENCES ARISE AFTER THIS FILING, THIS RETURN WILL BE AMENDED TO PROPERLY REFLECT THE ADDITIONAL INFORMATION. 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