2025-10-08T11:01:14-05:00 2024-12-31 873707167 CBIZ ADVISORS LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2024-01-01 132626199 UNITED NATIONS DEVELOPMENT CORPORATION UNIT 2128881618 TWO UN PLAZA 27TH FLOOR NEW YORK NY 100174403 ROBERT B COLE EXECUTIVE VP & GENERAL COUNSEL 2128881618 2025-09-30 1 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2025-09-30 2024 2025-03-06 01:10:19Z ROBERT B COLE TWO UN PLAZA 27TH FLOOR NEW YORK NY 100174403 43723863 0 X WWW.UNDC.ORG X 1968 NY THE CORPORATION WAS CREATED FOR THE PURPOSE OF PLANNING AND DEVELOPING FACILITIES FOR UNITED NATIONS-RELATED ACTIVITIES WITHIN A DEFINED "UNITED NATIONS DEVELOPMENT DISTRICT" ADJACENT TO THE UNITED NATIONS HEADQUARTERS IN NEW YORK CITY. 15 15 12 15 0 0 0 0 39927708 38023059 4058024 5666157 349537 34647 44335269 43723863 0 0 0 0 2084807 2140959 0 0 0 32906160 33412673 34990967 35553632 9344302 8170231 206634166 205554670 41691797 32157357 164942369 173397313 X THE MISSION OF THE UNITED NATIONS DEVELOPMENT CORPORATION IS (A) TO PROVIDE OFFICE AND OTHER FACILITIES THAT HELP MEET THE CURRENT AND FUTURE NEEDS OF THE UNITED NATIONS (U.N.), MISSIONS TO THE U.N. AND U.N.-RELATED PROGRAMS (TOGETHER, THE "U.N. COMMUNITY"), SEE ATTACHED AND (B) OTHERWISE TO ASSIST THE U.N. COMMUNITY IN MEETING ITS CURRENT AND FUTURE REAL ESTATE NEEDS. TO ACCOMPLISH ITS MISSION AND HELP THE CITY AND STATE OF NEW YORK FULFILL THEIR RESPONSIBILITIES AS HOSTS TO THE U.N. COMMUNITY, THE CORPORATION DEVELOPS AND OPERATES OFFICE AND OTHER FACILITIES FOR THE BENEFIT OF THE U.N. COMMUNITY AND PROVIDES REAL ESTATE ADVICE, SERVICES AND STUDIES AT THE REQUEST OF THE U.N., CITY OR STATE OF NEW YORK, OR THE UNITED STATES. 0 0 29978865 38057706 BUILDING OPERATIONS - PROVIDE NEEDED FACILITIES FOR THE U.N. COMMUNITY IN NEW YORK CITY. 29978865 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 12 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 0 1 1 1 1 1 1 1 1 0 X ROBERT B COLE EXECUTIVE VP & GENERAL COUNSEL 2128881618 TWO UN PLAZA 27TH FLOOR NEW YORK NY 100174403 ADOLFO CARRION JR DIRECTOR 1.00 X 0 0 0 AMABEL B JAMES DIRECTOR 1.00 X 0 0 0 ANDY K SHENOY DIRECTOR 1.00 X 0 0 0 CHRISTINE FALVO DIRECTOR 1.00 X 0 0 0 DANIEL GARODNICK DIRECTOR 1.00 X 0 0 0 DAVID MACK DIRECTOR 1.00 X 0 0 0 EDWARD MERMELSTEIN DIRECTOR 1.00 X 0 0 0 GEORGE KLEIN CHAIRMAN 15.00 X X 0 0 0 HON CAROLINE MALONEY DIRECTOR 1.00 X 0 0 0 JAN BURMAN DIRECTOR 1.00 X 0 0 0 JESSICA HEALY DIRECTOR 1.00 X 0 0 0 JOEL M SILVERMAN DIRECTOR 1.00 X 0 0 0 JOSEPH RUTIGLIANO DIRECTOR 1.00 X 0 0 0 ROBERT ABRAMS DIRECTOR 1.00 X 0 0 0 SAMUEL NATAPOFF DIRECTOR 1.00 X 0 0 0 JORGE ORTIZ VP/TREASURER 40.00 X 186164 0 85399 MARIA LOIDA DIAZ DE JESUS SENIOR VICE PRESIDENT 40.00 X 159261 0 71439 ROBERT B COLE EXECUTIVE VP & GENERAL COUNSEL 40.00 X 290208 0 115548 DONNA RUSSELL ACCOUNTING SECRETARY 40.00 X 101008 0 60932 HUI-CHEN LIU DEPUTY CONTROLLER 40.00 X 124794 0 57049 JUSTIN HANDMAN ASST VP, DIR OF MWBE COMPLIANCE 40.00 X 110633 0 76899 TERESA TANG SENIOR AUDITOR 40.00 X 121433 0 51994 KENNETH COOPERSMITH VICE PRESIDENT (FORMER) 40.00 X 112425 0 1594 1205926 0 520854 8 1 1 0 FRIED FRANK HARRIS SHRIVER & JACOBSON ONE NEW YORK PLAZA NEW YORK NY 100041980 LEGAL CONSULTING SERVICES 1251374 SPACESMITH LLP ONE NEW YORK PLAZA SUITE 4200 NEW YORK NY 10004 ARCHITECT SERVICE 964170 ROBERT SCHUBERT CONSULTING LLC 541 BROADWAY 4B NEW YORK NY 10012 CONSTRUCTION SERVICES 522000 GLOBAL K9 PROTECTION GROUP LLC 2401 POPAR STREET OPELIKA AL 36804 CONTRACT SECURITY SERVICES 401856 CAULDWELL WINGATE COMPANY LLC 380 LEXINGTON AVENUE 26TH FLOOR NEW YORK NY 10168 CONSTRUCTION SERVICES 283428 8 BUILDING RENTAL-OFFICE SPACE 532000 35867966 35867966 INCOME TOWER 532000 1397137 1397137 INTEREST-LEASES 532000 382777 382777 LANDLORD FEES 532000 375179 375179 38023059 5666157 5666157 MISCELLANEOUS 900099 34647 34647 34647 43723863 38057706 0 5666157 X 1051879 1051879 273643 273643 115071 115071 603763 603763 96603 96603 163694 163694 1866477 1866477 52940 52940 61421 61421 4691704 3642248 1049456 171315 165679 5636 10624601 10624601 310456 310456 6905230 6905230 1315061 1040106 274955 REPAIRS AND MAINTENANCE 3513500 3513500 SECURITY 3479527 3365051 114476 MISCELLANEOUS 256747 248300 8447 35553632 29978865 5574767 0 231 231 5201852 4380839 1719811 4960800 6832609 7354105 210224170 160549902 43782313 49674268 69422225 67159956 79675125 72024471 206634166 205554670 9647447 9543536 981615 290146 23233092 15810578 7829643 6513097 41691797 32157357 X 0 0 150887869 159184813 14054500 14212500 164942369 173397313 206634166 205554670 8170231 284713 0 X X 0 1 X 1 0 X 3823597 3823597 203663765 158762286 44901479 1708652 1376354 332298 1028156 411262 616894 49674268 NET INVESTMENT IN CAPITAL LEASE 8685727 RESTRICTED CASH 56247036 LEASE RECEIVABLES 6606371 EXCHANGE 485337 72024471 SECURITY DEPOSITS 40038 LEASE LIABILITY 6473059 6513097 43947155 284713 284713 43662442 61421 61421 43723863 35492211 0 35492211 61421 61421 35553632 X X X 0 0 0 0 0 0 0 0 0 ROBERT B COLE EXECUTIVE VP & GENERAL COUNSEL 284740 0 0 0 5468 0 60200 0 55348 0 405756 0 0 0 JORGE ORTIZ VP/TREASURER 176391 0 0 0 9773 0 47104 0 38295 0 271563 0 0 0 MARIA LOIDA DIAZ DE JESUS SENIOR VICE PRESIDENT 156378 0 0 0 2883 0 32900 0 38539 0 230700 0 0 0 JUSTIN HANDMAN ASST VP, DIR OF MWBE COMPLIANCE 110150 0 0 0 483 0 23667 0 53232 0 187532 0 0 0 HUI-CHEN LIU DEPUTY CONTROLLER 103608 0 0 0 21186 0 25587 0 31462 0 181843 0 0 0 TERESA TANG SENIOR AUDITOR 111635 0 0 0 9798 0 30485 0 21509 0 173427 0 0 0 DONNA RUSSELL ACCOUNTING SECRETARY 93200 0 0 0 7808 0 7445 0 53487 0 161940 0 0 0 KENNETH COOPERSMITH VICE PRESIDENT (FORMER) 112425 0 0 0 0 0 0 0 1594 0 114019 0 0 0 PART II, COLUMN (III): AMOUNTS IN THIS COLUMN INCLUDES CONTRIBUTIONS TO THE 457(B) RETIREMENT PLAN AND GROUP TERM LIFE INSURANCE. A UNITED NATIONS DEVELOPMENT CORPORATION 132626199 911157LN3 2019-04-11 42085000 REFUNDING BONDS 0 0 0 A 48031830 7279500 901473 2019 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND PROVIDED TO MANAGEMENT. MANAGEMENT SUBMITS THE FORM 990 IN DRAFT FORM TO THE AUDIT COMMITTEE FOR REVIEW AND DISCUSSION AT AN AUDIT COMMITTEE MEETING. THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW WITH A RECOMMENDATION FROM THE AUDIT COMMITTEE FOR APPROVAL OF THE FORM 990 FOR FILING. AT A BOARD MEETING, THE BOARD OF DIRECTORS APPROVES THE FORM 990 FOR FILING OR TAKES OTHER ACTION. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE SUBJECT TO THE CORPORATION'S CODE OF ETHICAL CONDUCT. COMPLIANCE WITH THE CODE IS MONITORED AND ENFORCED BY MANAGEMENT. BOARD MEMBERS ARE SUBJECT TO THE CORPORATION'S CODE OF ETHICS FOR DIRECTORS AND THE CORPORATION'S CORPORATE GOVERNANCE GUIDELINES, BOTH OF WHICH REQUIRE THEM TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST AND TO RECUSE THEMSELVES FROM ANY DECISION RELATING TO ANY SUCH CONFLICT. IN ADDITION, BOARD MEMBERS ARE REQUIRED TO ANSWER QUESTIONS REGARDING COMPLIANCE WITH THE CORPORATION'S CODE OF ETHICS IN THE FORM OF AN ANNUAL STATEMENT REGARDING CONFLICTS OF INTEREST. BOARD MEMBERS ARE REQUIRED TO PARTICIPATE IN NEW YORK STATE APPROVED CORPORATE GOVERNANCE TRAINING WITHIN ONE YEAR OF APPOINTMENT TO THE BOARD. BOARD MEMBERS, AND OFFICERS AND EMPLOYEES WHOSE ANNUAL RATE OF COMPENSATION IS IN EXCESS OF A PREDETERMINED THRESHOLD, ARE REQUIRED TO FILE ANNUAL FINANCIAL DISCLOSURE STATEMENTS WITH THE STATE OF NEW YORK AND TO PARTICIPATE IN A STATE-MANDATED ETHICS TRAINING PROGRAM. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO IS APPOINTED BY THE CHAIRMAN OF THE BOARD OF DIRECTORS IN CONSULTATION WITH THE MAYOR OF THE CITY OF NEW YORK. THE PRESIDENT/CEO'S COMPENSATION IS SET FORTH IN HIS EMPLOYMENT CONTRACT WHICH IS REVIEWED AND APPROVED BY THE CORPORATION'S GOVERNANCE AND COMPENSATION COMMITTEE. THE OFFICERS OTHER THAN THE PRESIDENT/CEO ARE ELECTED ANNUALLY BY RESOLUTION OF THE BOARD, AND THEIR COMPENSATION AND BENEFITS ARE DETERMINED BY THE GOVERNANCE AND COMPENSATION COMMITTEE. THE GOVERNANCE AND COMPENSATION COMMITTEE ANNUALLY REVIEWS THE CORPORATION'S COMPENSATION PROGRAM INCLUDING DATA RELATING TO COMPENSATION OF MANAGEMENT AT COMPARABLE NEW YORK STATE GOVERNMENTAL ENTITIES. MINUTES ARE KEPT OF ALL MEETINGS OF THE GOVERNANCE AND COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 AS REQUIRED BY NEW YORK STATE LAW, THE CORPORATION MAKES CERTAIN DOCUMENTS, INCLUDING ITS CORPORATE GOVERNANCE GUIDELINES, AUDITED FINANCIAL STATEMENTS AND CODE OF ETHICAL CONDUCT FOR DIRECTORS (INCLUDING PROVISIONS ON CONFLICTS OF INTEREST), AVAILABLE TO THE PUBLIC BY POSTING THEM ON ITS WEBSITE. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL: PROGRAM SERVICE EXPENSES 3,642,248. MANAGEMENT AND GENERAL EXPENSES 1,049,456. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,691,704. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.