2025-04-16T14:24:02-05:00 2024-06-30 873707167 CBIZ ADVISORS LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2023-07-01 133808669 UPPER MANHATTAN EMPOWERMENT ZONE DEVELOPMENT CORPORATION UPPE 2124100030 55 WEST 125TH STREET 11TH FLOOR NEW YORK NY 10027 BLAIR M DUNCAN PRESIDENT & CEO 2124100030 2025-04-09 1 0 MAGDALENA CZERNIAWSKI P00535099 2125038800 2025-04-09 2023 2025-03-06 01:10:19Z BLAIR M DUNCAN 55 WEST 125TH STREET 11TH FLOOR NEW YORK NY 10027 4970842 0 X WWW.UMEZ.ORG X 1995 NY TO SUSTAIN THE ECONOMIC REVITALIZATION OF ALL COMMUNITIES IN UPPER MANHATTAN. 15 15 17 15 0 0 3890169 1268608 810776 1037987 1118913 2622790 130588 41457 5950446 4970842 2006705 893981 0 0 2116810 2348739 0 0 0 1095884 1525638 5219399 4768358 731047 202484 79521172 82891599 6318484 7158375 73202688 75733224 TO SUSTAIN THE ECONOMIC REVITALIZATION OF ALL COMMUNITIES IN UPPER MANHATTAN THROUGH JOB CREATION, CORPORATE ALLIANCES, STRATEGIC INVESTMENTS, AND SMALL BUSINESS ASSISTANCE. 0 0 4052987 893981 1079444 TO SUSTAIN THE ECONOMIC REVITALIZATION OF ALL COMMUNITIES IN UPPER MANHATTAN THROUGH JOB CREATION, CORPORATE ALLIANCES, STRATEGIC INVESTMENTS, AND SMALL BUSINESS ASSISTANCE. 4052987 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 25 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 NY X OLATUNDE ONIYIDE CFO 2124100030 55 WEST 125TH STREET 11TH FLOOR NEW YORK NY 10027 AMIR KIRKWOOD DIRECTOR 5.00 X 0 0 0 CHRISTOPHER BROWN DIRECTOR 5.00 X 0 0 0 DENNIS MITCHELL DIRECTOR 5.00 X 0 0 0 ELEAZAR BUENO DIRECTOR 5.00 X 0 0 0 HARRIET MICHEL DIRECTOR 5.00 2.00 X 0 0 0 JOSEPH J JOHNSON III CHAIRPERSON 5.00 X X 0 0 0 KEVIN CHAVERS DIRECTOR 5.00 X 0 0 0 LISA DOWNING DIRECTOR (UNTIL 9/11/23) 5.00 2.00 X 0 0 0 MARQUIS HARRISON DIRECTOR 5.00 X 0 0 0 MAURINE KNIGHTON VICE CHAIR 5.00 X X 0 0 0 MICHAEL SMART DIRECTOR 5.00 X 0 0 0 REEMA FAKIH DIRECTOR 5.00 X 0 0 0 REV GEORGIETTE MORGAN-THOMAS DIRECTOR 5.00 X 0 0 0 SABRINA STRATTON DIRECTOR 5.00 X 0 0 0 TERESA EYRING TREASURER 5.00 X X 0 0 0 XAVIER SANTIAGO DIRECTOR 5.00 X 0 0 0 BLAIR M DUNCAN CEO 37.50 2.00 X 302639 0 134848 OLATUNDE ONIYIDE CFO 37.50 2.00 X 152677 0 37496 DANIELLE FLEMING SENIOR COMMERCIAL LENDING OFFICER 37.50 X 106180 0 20736 GINA L BOLDEN-RIVERA SVP & CHIEF LENDING OFFICER 37.50 2.00 X 185510 0 14871 YAHSHAANYAH HILL SVP & CHIEF PROGRAM OFFICER 37.50 X 159181 0 34294 906187 0 242245 5 0 1 0 0 1268608 1268608 INTEREST ON LOANS 523940 1037987 1037987 1037987 2622790 2622790 MISC INCOME 900099 41457 41457 41457 4970842 1079444 0 2622790 893981 893981 627660 534631 93029 1318248 1122863 195385 60674 51399 9275 196504 166895 29609 145653 123805 21848 98968 84123 14845 58000 58000 92423 92423 400720 340612 60108 24766 21051 3715 109479 92600 16879 434501 369326 65175 7605 6464 1141 21106 17940 3166 19630 15149 4481 2405 2044 361 46618 39625 6993 DUES AND SUBSCRIPTIONS 60767 51652 9115 EQUIPMENT PURCHASES 25545 21713 3832 EQUIPMENT RENTAL 17979 15282 2697 ALARM AND PROTECTION 8996 7647 1349 96130 74185 21945 4768358 4052987 715371 0 1500 1500 46072077 49289654 73539 164273 13687488 13873784 55891 58870 470094 468679 3820 1415 18045032 18088137 1581825 1413966 79521172 82891599 249142 352062 4536033 4620871 1000000 1533309 1185442 6318484 7158375 X 73202688 75733224 73202688 75733224 79521172 82891599 X 202484 1324103 1003949 X X 0 1 X 1 1 1 X 4532439 1839879 8122028 3890169 1268608 19653123 4532439 1839879 8122028 3890169 1268608 19653123 19653123 954001 510446 449785 1118913 2622790 5655935 314341 120932 276723 130588 41457 884041 26193099 4632013 0.75030 0.85940 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC INCOME - 2019 AMOUNT: $ 18,046. 2020 AMOUNT: $ 120,932. 2021 AMOUNT: $ 276,723. 2022 AMOUNT: $ 130,588. 2023 AMOUNT: $ 41,457. SERVICE FEES - HCDC ADMIN REVENUE - 2019 AMOUNT: $ 50,000. FORGIVABLE LOAN RECOGNIZED - 2019 AMOUNT: $ 246,045. APPLICATION FEES - 2019 AMOUNT: $ 250. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 403430 403430 0 20289 20289 0 46375 44960 1415 1415 DEFFERED COMPENSATION 250330 LEASE LIABILITIES 935112 1185442 X 6252603 1324103 50081 1374184 4878419 92423 92423 4970842 4675935 0 4675935 92423 92423 4768358 PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION TOPIC 740 "INCOME TAXES", WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY'S REVENUE 50,081. 1 COMMUNITY IMPACT 2890 BROADWAY 105 EARL HALL MC 2010 NEW YORK NY 10027 133386904 501(C)(3) 25000 0 ERCB GRANT COMMUNITY LEAGUE OF THE HEIGHTS INC 500 WEST 159TH STREET NEW YORK NY 10032 132564241 501(C)(3) 25000 0 ERCB GRANT DENHAM WOLF REAL ESTATE SERVIVES INC 520 EIGHT AVENUE 25TH FLOOR NEW YORK NY 10018 133985984 6667 0 BIPOC REAL ESTATE OWNERSHIP AND DEV. FIRELIGHT MEDIA INC 72 HAMILTON TERRACE NEW YORK NY 10031 113489379 501(C)(3) 28876 0 CAPACITY GRANT HARLEM ARTS ALLIANCE INC 229 WEST 135TH STREET FRONT 1 NEW YORK NY 10030 470873119 501(C)(3) 10000 0 COVID 19 RELIEF GRANT KAARTA IMPORT & EXPORT 2079 ADAM CLAYTON POWELL JR BLVD NEW YORK NY 10027 133746122 26000 0 LOAN FORGIVENESS LAWYERS ALLIANCE FOR NEW YORK 171 MADISON AVENUE 9TH FLOOR NEW YORK NY 10016 132666432 14000 0 EMPLOYMENT LAW PRESENTATION LOWER MANHATTAN CULTURAL COUMCIL 125 MAIDEN LANE 2ND FL NEW YORK NY 10038 237348782 501(C)(3) 347000 0 ART ENGAGEMENT PROGRAM MAYSLES INSTITUTE INC 343 LENOX AVENUE NEW YORK NY 10027 202545574 501(C)(3) 70000 0 CAPACITY GRANT MUSEUM OF THE CITY OF NEW YORK INC 1220 FIFTH AVENUE NEW YORK NY 10029 131624098 501(C)(3) 26834 0 CAPACITY GRANT NATIONAL BLACK PROGRAM CONSORTIUM EIGHT WEST 126TH STREET SUITE 0D3117 NEW YORK NY 10027 311335950 15000 0 COVID 19 RELIEF GRANT NEW YORK URBAN LEAGUE INC 675 THIRD AVENUE SUITE 2221-30 NEW YORK NY 10017 131671035 501(C)(3) 25000 0 ERCB GRANT NORTHERN MANHATTAN ARTS ALLIANCE 4140 BROADWAY NEW YORK NY 10033 261997496 501(C)(3) 25000 0 ERCB GRANT PER SCHOLAS INC 804 E 138TH STREET 2 BRONX NY 10454 043252955 501(C)(3) 97678 0 TECH SECTOR EMPLOYMENT INTIATIVE SOHARLEM INC 1361 AMSTERDAM AVENUE NEW YORK NY 10027 471640149 18537 0 CREATIVE ECONOMIC INTIATIVE STRIVE INTERNATIONAL INC 205 EAST 122ND STREET 3RD FLOOR NEW YORK NY 10035 133255679 25000 0 ERCB GRANT SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING 898 ST NICHOLAS AVENUE 155TH STREET NEW YORK NY 10032 465412811 501(C)(3) 18750 0 CULTURAL AID GRANT FUND YOUTH ACTION PROGRAMS AND HOME INC 206 EAST 118TH STREET NEW YORK NY 10035 133203701 501(C)(3) 25000 0 CAPACITY GRANT 12 6 PART I, LINE 2: UMEZ STAFF CONDUCTS COMPLIANCE SITE VISITS TO ENSURE THAT GRANT FUNDS ARE SPENT FOR THE PURPOSE FOR WHICH THEY WERE GIVEN. IT IS ALSO A REQUIREMENT THAT GRANTEES SUBMIT REPORTS ON THEIR ACTIVITIES. THESE REPORTS ARE COLLECTED AND REVIEWED BY UMEZ STAFF TO ENSURE COMPLIANCE WITH GRANT DOCUMENTS. X X X 0 1 0 0 0 0 0 0 0 BLAIR M DUNCAN CEO 301451 0 0 0 1188 0 90250 0 44598 0 437487 0 0 0 GINA L BOLDEN-RIVERA SVP & CHIEF LENDING OFFICER 183137 0 0 0 2373 0 9041 0 5830 0 200381 0 0 0 YAHSHAANYAH HILL SVP & CHIEF PROGRAM OFFICER 158751 0 0 0 430 0 7865 0 26429 0 193475 0 0 0 OLATUNDE ONIYIDE CFO 150303 0 0 0 2374 0 7546 0 29950 0 190173 0 0 0 PART I, LINE 4B THE CURRENT CEO (BLAIR DUNCAN) PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN MEETING THE REQUIREMENTS OF SECTION 457(F) OF THE INTERNAL REVENUE SERVICE. THE CURRENT YEAR CONTRIBUTION UNDER THE PLAN WAS $75,000 AND IT IS INCLUDED IN PART II COLUMN (C). ON ABOUT JULY 01, 2018, THE BOARD OF DIRECTORS ADOPTED A NONQUALIFIED DEFERRED COMPENSATION PLAN MEETING THE REQUIREMENTS OF SECTION 457(F) OF THE INTERNAL REVENUE CODE (THE "PLAN"). THE BOARD OF DIRECTORS AUTHORIZED BLAIR DUNCAN'S PARTICIPATION IN THE PLAN EFFECTIVE JULY 1, 2018. CONTRIBUTIONS TO THE PLAN AND ACCRUALS OF EARNINGS IN RESPECT THEREOF, WERE MADE ACCORDINGLY FROM THAT POINT FORWARD IN ACCORDANCE WITH THE TERMS OF THE PLAN. MR. DUNCAN HAS PROVIDED SERVICES CONTINUOUSLY TO THE CORPORATION AS CEO SINCE JULY 1, 2018. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THE RETURN IS REVIEWED BY THE AUDIT COMMITTEE AND DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF AND BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL DISCLOSURE FORM. THE FORMS ARE REVIEWED AND CONFLICTS, IF ANY, ARE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS WHICH IS COMPRISED OF INDEPENDENT DIRECTORS REVIEWS COMPARABLE DATA PREPARED BY AN INDEPENDENT CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AND THROUGH THE OFFICE OF THE NEW YORK STATE ATTORNEY GENERAL. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT ADJUSTMENT FOR CECL ADOPTION 1,003,949. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BUSINESS RESOURCE AND INVESTMENT SERVICE CENTER INC 55 WEST 125TH STREET 11TH FLOOR NEW YORK NY 10027 133925609 PROVIDES FINANCIAL ASSISTANCE TO ELIGIBLE BUSINESSES NY 501(C)(3) LINE 7 UPPER MANHATTON EMPOWERMENT ZONE DEV CORP 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0