2024-04-10T14:48:17-05:00 2023-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2022-07-01 273731338 NEW YORK CITY ENERGY EFFICIENCY CORPORATION NEWY 2123124259 1359 BROADWAY 19TH FLOOR NEW YORK NY 10018 CURTIS PROBST PRESIDENT 2123124259 2024-04-03 1 CURTIS PROBST 999009999 0 MAGDALENA CZERNIAWSKI P00535099 2125038800 2024-04-03 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CURTIS PROBST 1359 BROADWAY 19TH FLOOR NEW YORK NY 10018 4854663 0 X HTTPS://NYCEEC.COM X 2010 NY DELIVERING FINANCING SOLUTIONS AND ADVANCING MARKETS FOR ENERGY EFFICIENCY AND CLEAN ENERGY. 11 11 15 11 0 0 2687502 2764030 1927729 1979379 1560 111254 0 0 4616791 4854663 0 0 0 0 2102307 2346196 0 0 24005 5431460 3752616 7533767 6098812 -2916976 -1244149 46600021 44251736 16327057 15184678 30272964 29067058 NYCEEC'S MISSION IS TO DELIVER FINANCING SOLUTIONS AND ADVANCE MARKETS FOR ENERGY EFFICIENCY AND CLEAN ENERGY IN COMMUNITIES. 0 0 5160021 1979379 THROUGH THE END OF FY 2023, NYCEEC HAD MOBILIZED MORE THAN $445 MILLION IN CAPITAL SINCE LAUNCHING OPERATIONS. NYCEEC CONTINUED TO SERVE LOW-TO MODERATE INCOME (LMI) POPULATIONS, GREENING MORE THAN 15,000 AFFORDABLE HOUSING UNITS TO-DATE, WITH 85% NYCEEC-FINANCED PROJECTS IN FY 2023 BEING AFFORDABLE. NYCEEC INVESTED IN START-UP EFFORTS FOR THE CITY OF NEW YORK'S COMMERCIAL PROPERTY ASSESSED CLEAN ENERGY (C-PACE) PROGRAM, WHICH SAW CUMULATIVE VOLUME OF $117 MILLION THROUGH FY 2023.IN ADDITION, NYCEEC CONTINUED TO DEEPEN AND EXPAND PARTNERSHIPS WITH DEVELOPERS, HOUSING AGENCIES, CONTRACTORS, AND GOVERNMENT PROGRAMS. 5160021 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 12 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X MICHAEL KERSTETTER GENERAL COUNSEL 6467974630 1359 BROADWAY 19TH FLOOR NEW YORK NY 10018 ASHOK GUPTA BOARD MEMBER 1.00 X 0 0 0 BRUCE SCHLEIN BOARD MEMBER 1.00 X 0 0 0 ELIZABETH ZELDIN BOARD MEMBER 1.00 X 0 0 0 J GREGORY HALE BOARD MEMBER 1.00 X 0 0 0 JEFFREY I BRODSKY BOARD MEMBER AND CHAIRPERSON 1.00 X X 0 0 0 JOE CHAVEZ BOARD MEMBER 1.00 X 0 0 0 JOHN RICE BOARD MEMBER 1.00 X 0 0 0 KIMBERLY DARGA BOARD MEMBER 1.00 X 0 0 0 KIZZY CHARLES-GUZMAN BOARD MEMBER (OUTGOING) 1.00 X 0 0 0 MARC KHOUZAMI BOARD MEMBER 1.00 X 0 0 0 MARK ZULUAGA BOARD MEMBER 1.00 X 0 0 0 RENWICK PAIGE BOARD MEMBER 1.00 X 0 0 0 SADIE MCKEOWN BOARD MEMBER 1.00 X 0 0 0 SUSAN LEEDS BOARD MEMBER AND SECRETARY 1.00 X X 0 0 0 CURTIS PROBST CEO, PRESIDENT 40.00 X 211551 0 65950 JAY MERVES DIR. OF BUSINESS DEV., TREASURER 40.00 X 218740 0 62967 ERANGI DIAS DIR. OF BUSINESS DEV. 40.00 X 171599 0 6441 MARIAN L WEBER DIRECTOR 40.00 X 165519 0 6621 MICHAEL KERSTETTER GENERAL COUNSEL/DIRECTOR 40.00 X 184839 0 9731 NAEEMAH E LAJOIE DIRECTOR OF OPERATIONS 40.00 X 170877 0 45959 PATRICK O'DONNELL DIRECTOR OF ENGINEERING 40.00 X 154488 0 7078 1277613 0 204747 7 0 1 0 BURCHMAN TERRIO GEBHARDT & QUIST LLC PO BOX 22528 NEW YORK NY 10087 ACCOUNTING SERVICES 170775 1 1192855 1571175 2764030 PROGRAM INTEREST 900099 1730668 1730668 FEE INCOME 900099 248711 248711 1979379 111254 111254 4854663 1979379 0 111254 570094 456441 99492 14161 1488240 1191209 291201 5830 757 596 161 137402 110242 27160 149703 119851 28490 1362 91939 91939 35350 35350 387153 161747 225384 22 85917 70173 15046 698 77152 25121 52031 173964 142085 30466 1413 20404 16665 3573 166 574142 574142 2827 2309 495 23 40575 33139 7106 330 PROVISION FOR LOAN LOSS 2256301 2256301 MISCELLANEOUS 6892 6892 6098812 5160021 914786 24005 7804166 4027665 11098438 13568082 911661 1093066 329700 201323 25048697 24365448 91322 116485 154214 149503 7538 4711 1308499 874956 46600021 44251736 1262859 947777 39820 60734 124378 124378 14900000 13311790 0 739999 16327057 15184678 X 3122779 3304318 27150185 25762740 30272964 29067058 46600021 44251736 -1244149 38243 0 X X 0 1 X 1 1 1 X 1246529 2774821 2828491 2687502 2764030 12301373 1246529 2774821 2828491 2687502 2764030 12301373 2011900 10289473 63613 35496 2038 1560 111254 213961 15661 15661 12530995 12759467 0.82110 0.88260 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: UBTI TAX REFUND - 2019 AMOUNT: $ 6,931. RELOCATION ASSISTANCE FROM LANDLORD - 2019 AMOUNT: $ 8,730. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 385 0 0 385 0 PART II-B, LINE 1: LOBBYING IS NOT A SUBSTANTIAL PART OF THE ACTIVITIES OF THE CORPORATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2023, AN EMPLOYEE OF THE CORPORATION DID ENGAGE IN LOBBYING ACTIVITIES WITH RESPECT TO PROPOSED AMENDMENTS TO NEW YORK'S COMMERCIAL PROPERTY-ASSESSED CLEAN ENERGY (C-PACE) LAW. 0 1 X 141045 136334 4711 13169 13169 0 4711 OPERATING LEASE LIABILITIES 739999 739999 X 4892906 38243 38243 4854663 0 4854663 6098812 0 6098812 0 6098812 PART IV, LINE 2B: TWO NYCEEC BORROWERS HAVE CONTRIBUTED FUNDS TO CAPITALIZE CERTAIN LOSS RESERVES IN RESPECT OF FINANCED PROJECTS. THE FIRST BORROWER MAKES MONTHLY PAYMENTS TO FUND RESERVES BALANCES AND QUARTERLY PRINCIPAL AND INTEREST PAYMENTS ON THE LOAN. DURING THE YEARS ENDED JUNE 30, 2023 AND 2022 THESE PAYMENTS AND INTEREST ACCRUED HAVE DECREASED THE AMOUNTS HELD IN RESERVE BY APPROXIMATELY $0, RESPECTIVELY. TO THE EXTENT THAT SUCH FUNDS ARE NOT USED TO REPAY ANY AMOUNTS OWED AND UNPAID TO NYCEEC UNDER THE LOAN AGREEMENT, A PORTION WILL BE RETURNED TO THE BORROWER ON AN ANNUAL BASIS AND THE BALANCE AT THE TERM OF THE TRANSACTION, BASED ON THE LOAN AGREEMENT. THE SECOND BORROWER HAS FUNDED CERTAIN RESERVES DURING CONSTRUCTION OF APPROXIMATELY $99,000 AS PER SCHEDULES ESTABLISHED IN THE ASSOCIATED LOAN AGREEMENTS. SUCH RESERVES ARE HELD IN ESCROW IN RESPECT OF THE FINANCED PROJECTS. PART X, LINE 2: NYCEEC BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022 IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 740 ("INCOME TAXES"), WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. X 0 0 0 0 0 0 0 0 0 JAY MERVES DIR. OF BUSINESS DEV., TREASURER 218740 0 0 0 0 0 9708 0 53259 0 281707 0 0 0 CURTIS PROBST CEO, PRESIDENT 211551 0 0 0 0 0 9548 0 56402 0 277501 0 0 0 NAEEMAH E LAJOIE DIRECTOR OF OPERATIONS 170877 0 0 0 0 0 6954 0 39005 0 216836 0 0 0 MICHAEL KERSTETTER GENERAL COUNSEL/DIRECTOR 184839 0 0 0 0 0 6881 0 2850 0 194570 0 0 0 ERANGI DIAS DIR. OF BUSINESS DEV. 171599 0 0 0 0 0 6271 0 170 0 178040 0 0 0 MARIAN L WEBER DIRECTOR 165519 0 0 0 0 0 6621 0 0 0 172140 0 0 0 PATRICK O'DONNELL DIRECTOR OF ENGINEERING 154488 0 0 0 0 0 6214 0 864 0 161566 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS, TRUSTEES OR KEY EMPLOYEES TO BURCHMAN TERRIO GEBHARDT & QUIST LLC. THE ORGANIZATION COMPENSATED THEM $170,775 FOR THEIR SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT AUDITOR THAT REPORTS TO THE BOARD OF DIRECTORS. AFTER THE DRAFT 990 IS PREPARED, IT IS REVIEWED AND APPROVED BY NYCEEC'S MANAGEMENT TEAM. THE APPROVED DRAFT 990 IS THEN DISTRIBUTED TO THE GOVERNING BODY ELECTRONICALLY OR AS A PAPER COPY, IF REQUESTED, WITH A REQUEST TO REVIEW AND RESPOND WITH ANY QUESTIONS OR COMMENTS THAT THEY MAY HAVE. THE FORM 990 IS FINALIZED AFTER THE BOARD HAS HAD REASONABLE OPPORTUNITY TO REVIEW THE DRAFT AND RAISE QUESTIONS OR SHARE COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS FURNISHED ANNUALLY TO THE BOARD AND EACH DIRECTOR AND OFFICER. THE DISCLOSURE STATEMENTS ARE REVIEWED ANNUALLY BY THE GENERAL COUNSEL OF THE CORPORATION. EACH DIRECTOR AND OFFICER MUST REPORT PROMPTLY TO THE CORPORATION ANY POTENTIAL CONFLICT OF INTEREST WHEN IT ARISES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION ARRANGEMENT FOR THE OFFICERS WAS NEGOTIATED ON AN ARMS-LENGTH BASIS. ANY CHANGES TO SUCH COMPENSATION WILL BE BASED ON REVIEW BY THE INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS OF APPROPRIATE COMPARABLE COMPENSATION DATA AND THEIR DETERMINATION WILL BE DOCUMENTED ON A TIMELY BASIS. COMPENSATION FOR EACH EMPLOYEE IS ESTABLISHED BY THE CEO. THE CEO REVIEWS EACH EMPLOYEE'S COMPENSATION NOT LESS THAN ANNUALLY. IN REVIEWING EACH EMPLOYEE'S COMPENSATION, THE CEO SHALL CONSIDER THE EMPLOYEE'S POSITION, DURATION OF EMPLOYMENT, JOB PERFORMANCE (AS EVALUATED PURSUANT TO THE CORPORATION'S PERIODIC PERFORMANCE REVIEWS), AND THE FINANCIAL CONDITION OF THE CORPORATION. EXCEPT FOR THOSE EMPLOYEES WHOSE MINIMUM WAGE IS REQUIRED TO BE FIXED PURSUANT TO SECTIONS 220 OR 230 OF THE NEW YORK STATE LABOR LAW OR BY SECTION 6-109 OF THE ADMINISTRATIVE CODE, ALL PERSONS EMPLOYED BY THE CORPORATION SHALL BE PAID, WITHOUT SUBSEQUENT DEDUCTION OR REBATE, UNLESS EXPRESSLY AUTHORIZED BY LAW, NOT LESS THAN THE MINIMUM WAGE PRESCRIBED BY LAW. MERIT PAYMENT RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE CEO OF THE CORPORATION AND, WITH RESPECT TO OFFICERS, ARE APPROVED BY INDEPENDENT MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE NYCEEC POLICIES AND PROCEDURES DOCUMENT, GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS ARE AVAILABLE IN HARD COPY AT NYCEEC OFFICES IN ITS PUBLIC FILE, LOCATED AT 1359 BROADWAY, 19TH FLOOR, NEW YORK, NY 10018. THE NYCEEC FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE ON NYCEEC'S WEBSITE (HTTPS://NYCEEC.COM/REGULATORY-AND-FINANCIAL-MATTERS). FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NYCEEC FUEL CONVERSION RECEIVABLES LLC 1359 BROADWAY 19TH FLOOR NEW YORK NY 10018 300740142 INACTIVE NY 0 0 NEW YORK CITY ENERGY EFFICIENCY CORPORATION