li · 2019-12-02 · eptl filing exemption: gross receipts did not exceed $25,000 and the market...
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1. -
CHAR500NYS Annual Filing for Charitable Organizationswww.CharitiesNYS.com
Send with fee and attachments to:NYS Office of the Attorney General 2013
Charities Bureau Registration SectionOpen to Public120 Broadway
New York, NY 10271 Inspection
1iTGiraI "Of iitiFor Fiscal Year Beginning (mm/dd/yyyy) 07 /_01/2013 and Ending (mm/dd/yyyy) 06/ 30/2014Check if Applicable: Name of Organization: Employer Identification Number (EIN):
Address Change THE DOE FUND, INC. 133412540Name Change Mailing Address: NY Registration Number:
Eli Initial Filing 232 EAST 84 ST. 04-59-48Eli Final Filing City / State! ZIP: Telephone:
Li Amended Filing NEW YORK, NY 10028 212 6285207Reg ID Pending Website: Email:
WWW.DOE.ORG [email protected] your organization's
Find your registration category in theregistration category: Li 7A only Li EPTL only [SI] DUAL (7A & EPTL) Li EXEMPT Charities Registry at www.CharitiesNYS.com
2.CertificationSee instructions for certification
We certify under penalties of perjurythey are true, correct and
President or Authorized Officer. GEORSignature
certification is a violation of law that may be subiect to
all attachments, and to the best of our knowledge and belief,of the State of New York applicable to this report.
PRESIDENTTitle Eat
sa
Chief Financial Officer or Treasurer CB
s/bits
Signature
Title
Date
Check the exemption(s) that apply to your filing. If your organization is claiming an exemption under the category (7A and EPTL only filers) or bothcategories (DUAL filers) that apply to your registration, complete only parts 1, 2, and 3, and submit the certified Char500. No fee, schedules, oradditional attachments are required. If you cannot claim an exemption or are a DUAL filer that claims only one exemption, you must file applicable
schedules and attachments and pay applicable fees.
Li 3a. 7A filing exemption: Total contributions from NY State including residents, foundations, government agencies, etc, did notexceed $25,000 and the organization did not engage a professional fund raiser (PFR) or fund raising counsel (FRC) to solicitcontributions during the fiscal year. Or the organization qualifies for another 7A exemption (see instructions).
Ill 3b. EPTL filing exemption: Gross receipts did not exceed $25,000 and the market value of assets did not exceed $25,000 at any timeduring the fiscal year.
4. Schedules and AttachmentsSee the following page
for a checklist of Li Yes EXI No 4a. Did your organization use a professional fund raiser, fund raising counsel or commercial co-ventuischedules and for fund raising activity in NY State? If yes, complete Schedule 4a.
attachments to
complete your filing. L1 Yes Li No 4b. Did the organization receive government grants? if yes, complete Schedule 4b.
5. FeeSee the checklist on the 7A filing fee: EPTL filing fee: Total fee:
Make a single-check or money ordernext page to calculate your
payable to:fee(s). Indicate fee(s) you
"Department of Law"are submitting here: $ 25. $ 750. $ 775.
36845106-27-14 1019 CI-IAR500 Annual Filing for Charitable Organizations (Updated June 2014) Page 1
2
THE DOE FUND, INC.
C HAR500I Simply submit the certified CHAR500 with no fee, schedule, or additional attachments IF:
I - Your organization is registered as 7A only and you marked the 7A filing exemption in Part 3.
I -Annual Filing Checklist
Your organization is registered as EPTL only and marked the EPTL filing exemption in Part 3.I
IYour organization is registered as DUAL and you marked both the 7A and EPTL filing exemption in Part 3.
CheckHstof Schedules and Attachrnents
Check the schedules you must submit with your CHAR500 as described in Part 4:If you answered "yes" in Part 4a, submit Schedule 4a: Professional Fund Raisers (PFR), Fund Raising Counsel (FRC), Commercial Co-Venturers (CCV)
EIXII If you answered "yes" in Part 4b, submit Schedule 4b: Government Grants
Check the financial attachments you must submit with your CHAR500:
EXI IRS Form 990, 990-EZ, or 990-PF, and 990-T if applicable
EXI All additional IRS Form 990 Schedules including Schedule B (Schedule of Contributors).
IRS Form 990-T if applicable
If you are a 7A only or DUAL filer, submit the applicable independent Certified Public Accountant's Review or Audit Report:
Review Report if you received total revenue and support greater than $250,000 and up to $500,000.
Audit Report if you received total revenue and support greater than $500,000
No Review Report or Audit Report is required because total revenue and support is less than $250,000
Note: The Audit and Review requirements are set to change in 2017 and 2021 in accordance with the Non Profit Revitalization Act of 2013.
For more details, visit www.CharitiesNYS.com .
rcaiciiiate Your Fe
For 7A and DUAL filers, calculate the 7A fee:
LII $0, if you marked the 7A exemption in Part 3a
EXI $25, if you did not mark the 7A exemption in Part 3a
For EPTL and DUAL filers, calculate the EPTL fee:
El $0, if you marked the EPTL exemption in Part 3b
El $25, if the NET WORTH is less than $50,000
El $50, if the NET WORTH is $50,000 or more but less than $250,000
El $100, if the NET WORTH is $250,000 or more but less than $1,000,000
LIII $250, if the NET WORTH is $1,000,000 or more but less than $10,000,000
LJ $750, if the NET WORTH is $10,000,000 or more but less than $50,000,000El $1500, if the NET WORTH is $50,000,000 or more
L Your Filing j
Send your CHAR500, all schedules and attachments, and total fee to:
NYS Office of the Attorney General
Charities Bureau Registration Section
120 Broadway
New York, NY 10271
Is my organization a 7A, EPTL or DUAL filer?
- 7A filers are registered to solicit contributions in New Yorkunder Article 7-A of the Executive Law (7A')
- EPTL filers are registered under the Estates, Powers & TrustsLaw ('EPTL") because they hold assets and/or conductactivities for charitable purposes in NY.
- DUAL filers are registered under both 7A and EPTL.
Check your registration category and learn more about NYlaw at www.CharitiesNYS.com
Where do! find my organization's NET WORTH?
NET WORTH for fee purposes is calculated on:
IRS From 990 Part I, line 22- IRS Form 990 EZ Part I, line 21- IRS Form 990 PF, calculate the difference betweenTotal Assets at Fair Market Value (Part II, line 16(c)) andTotal Liabilities (Part II, line 23(b)).
06-16-14 1019 CHAR500 Annual Filing for Charitable Organizations (Updated June 2014) Page 2
3
CHAR500
2013Schedule 4b: Government Grants
Open to Publicwww.CharitiesNYS.com
Inspection
If you checked the box in question 4b in Part 4 on the CHAR500 Annual Filing for Charitable Organizations, complete this schedule and list EACH
government grant. Use additional pages if necessary. Include this schedule with your certified CHAR500 NYS Annual Filing for Charitable Organizations.
1. Organization InformationName of Organization: NY Registration Number:
THE DOE FUND, INC. 04-59-48
2. Government Grants
Name of Government Agency Amount of Grant
1.DEPARTMENT OF LABOR EMPLOYMENT AND TRAINING 1. 1,762,260.
2. 2.
3. 3.
4. 4.
5. 5.
6. 6.
7. 7.
8. 8.
9. 9.
10. 10.
11. 11.
12. 12.
13. 13.
14. 14.
15. 15.
Total Government Grants: Total: 1,762,260.1
06-16-14 1019 CHAR500 Schedule 4b: Government Grants (Updated June 2014) Page 1
4
I 3
Return of Organization Exempt From Income Tax OMB No. 1545-0047
Form JJU Under section 501(c), 527, or 4947(aXl) of the Internal Revenue Code (except private foundal
Department of the Treasury Do not enter Social Security numbers on this form as it may be made public.Internal Revenue Service Information about Form 990 and its instructions is at j nnulfr,rmOOfl
D Employer identification number
13-3412540
Room/suite E Telephone number212-628-5207
G Gross receipts $ 17,867 , 211.
for subordinates?ElYes NoH(b) Are all subordinates included? Yes =No
I Tax-exempt status: L1J 501(c)(3) LJ bul(C) ( ) insert no.) L_J 4947()(1) or L...J 527 If No,' attach a list. (see instructions)J Website: WWW. DOE. ORG I H(c) Group exemption numberK Form of organization: Lx.] Corporation L_J Trust L.J Association LJ Other I L Year of formation: 19871 M State of legal domicile: NY
[art II Summary
1 Briefly describe the organization's mission or most significant activities: TO PROVIDE JOB TRAINING ANDHOUSING ASSISTANCE FOR THE HOMELESS AND INDIGENT.
E 2 Check this box LJ 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 1 a) .3 15
4 Number of independent voting members of the governing body (Part VI, line 1 b) 4 14Cd
5 Total number of individuals employed in calendar year 2013 (Part V, line 2a) ... 544
6 Total number of volunteers (estimate if necessary) ................6 422
7a Total unrelated business revenue from Part VIII, column (C), line 12 .7a 0.
b Net unrelated business taxable income from Form 990-T, line 34 7b 0.
A For the 2013 calendar year, or tax year beginning JUL 1, 2 U ii and
B Check if C Name of organizationapplicable:
'-'AddreLjchange
ssTHE DOE FUND, INC.
0Namechange Doing Business As
rilnitialL_Jretu rn Number and street (or P.O. box if mail is not delivered to street address)
Teqrnin- 232 EAST 84 ST.L..........Jated
=returnL_Jreturn City or town, state or province, country, and ZIP or foreign postal codeNEW YORK, NY 10028
pendingF Name and address of principal officer.GEORGE T. MCDONALDSAME AS C ABOVE
_______________________________________________________________________ H(a) Is this a group return
, 8 Contributions and grants (Part VIII, line 1 h)9 Program service revenue (Part VIII, line 2g)10 Investment income (Part VIII, column (A), lines 3, 4, and 7d) ..
cc 11 Other revenue (Part Vlll, column (A), lines 5, 6d, 8c, 9c, 10c, and lie)- 12 Total revenue - add lines 8 through ii (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)
in 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10)16a Professional fundraising fees (Part IX, column (A), line 11 e)
- b Total fundraising expenses (Part IX, column (D), line 25) 01, 2 , 162,619.
W 17 Other expenses (Part IX, column (A), lines 11 a-il d, ii f-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)(D ca
21 Total liabilities (Part X, line 26)22 Net assets or fund balances. Subtract line 21 from line 20 ..........................................
Prior Year'594,,194,
551,,339,
lJtJ
55, 246.)15 , 339.of Current Year58,497.
)-12,730.
45, 767.
= I J •. - 'J
L,888,541.5, 625, 290.End of Year5,053,361.
3,182,304.5,871,057.
,"_' I
accompanying schedules and statements, and to the best of my knowledge and belief, it ision all.i&Ji21inaation of which orenarer has any knowlede.
Under penalties of perjury, I decl4;j ncIitrue, correct, and complete.
Sign Signature of o
Here GEORGE T. LD, PRESIDENTType or print name and title
Print/Type preparer's name PrePaid BARRY WECHSLERPreparer Firms name 1, RAICH ENDE HALTER/
LLP
Use Only Firms address 1375 BROADWAY /NEW YORK, NY 10048
M2v the IRS discuss this return with the nrnmr shownabove?332001 10-29-13 LHA For Paperwork Reduction Act Notice, see the separate instructions.
Date
L
.J
Yed ko0293702
11 2336434
Phone no.212-944-4433
LJ Yes Li No
Form 990(2013)
Form 990 (2013) THE DOE FUND, INC. 13-3412540 Page Part Ill I Statement of Program Service Accomplishments
Check if Schedule 0 contains a response or note to any line in this Part Ill ....................................................................................1X1Briefly describe the organization's mission:TO PROVIDE FINANCIAL ASSISTANCE TO INDIGENT PEOPLE IN TRANSITION; TOPROVIDE DIRECT AID TO HOMELESS, POOR AND STREET PEOPLE; TO ASSISTCHILDREN AND PARENTS WHO ARE OR ABOUT TO BECOME HOMELESS.ADDITIONALLY THE PURPOSE OF THE CORPORATION IS TO ACQUIRE, OWN OR
2 Did the organization undertake any significant program services during the year which were not listed onthe prior Form 990 or 990-EZ? .........................................................................L] Yes EXI NoIf "Yes,' describe these new services on Schedule 0.
3 Did the organization cease conducting, or make significant changes in how it conducts, any program services?ElYes M No
If 'Yes,' describe these changes on Schedule 0.4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses.
Section 501 (c)(3) and 501 (c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, andrevenue, if any, for each program service reported.
4a (code: _________ )(ExpensesS 4, 512 ,853 . includinggrants of$ ) (RevenueS 2,896,530.)THE DOE FUND EMPOWERS PEOPLE TO BREAK THE CYCLES OF HOMELESSNESS,WELFARE DEPENDENCY, SUBSTANCE ABUSE AND INCARCERATION THROUGHINNOVATIVE PAID WORK PROGRAMS, HOUSING, SUPPORTIVE SERVICES ANDBUSINESS VENTURES. INCORPORATED IN 1987, THIS AWARD—WINNING ANDNATIONALLY RECOGNIZED NON—PROFIT ORGANIZATION REMAINS ON THE CUTTINGEDGE OF HOMELESS SERVICES, WORKFORCE DEVELOPMENT, PRISONER REENTRY,LOW—INCOME AND SPECIAL NEEDS HOUSING. AS THE UMBRELLA ORGANIZATION FORMULTIPLE PROGRAMS, INITIATIVES AND REAL ESTATE DEVELOPMENTS, THE DOEFUND COMPREHENSIVELY MEETS THE NEEDS OF A DIVERSE HOMELESS POPULATION.IN ADDITION TO ITS FLAGSHIP PAID WORK AND JOB TRAINING PROGRAM, READY,WILLING & ABLE, SOME OF THE DOE FUND'S OTHER NOTABLE ACHIEVEMENTSINCLUDE THE CREATION OF THE FIRST NEWLY CONSTRUCTED S.R.O. IN NEW YORK
4b (code: ) (Expenses $ including grants of $ ) (Revenue S
4c (Code: ) (Expenses $ including grants of $ ) (Revenue $
4d Other program services (Describe in Schedule 0.)(Expenses $ including grants of $ ) ( Revenues
4e Total program service expenses 4,512,853.Form 990(2013)
10-29-13 SEE SCHEDULE 0 FOR CONTINUATION(S)
Form THE DOE FUND, INC.
13-3412540 Page
I Yes I No
1 Is the organization described in section 501 (c)(3) or 4947(a)(1) (other than a private foundation)?
If "Yes," complete Schedule A ................................................................
2 Is the organization required to complete Schedule B, Schedule of Contributors? ..................
3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for
public office? If "Yes," complete Schedule C, Part I ......................................
4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect
during the tax year? If 'Yes,' complete Schedule C, Part 11 .................
5 Is the organization a section 501 (c)(4), 501 (c)(5), or 501 (c)(6) organization that receives membership dues, assessments, orsimilar amounts as defined in Revenue Procedure 98-19? If 'Yes," complete Schedule C, Part Ill
6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to
provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part!
7 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 0, Part II
8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete
Schedule D, Part III9 Did the organization report an amount in Part X, line 21, for escrow or custodial account liability; serve as a custodian for
amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services?
If 'Yes," complete Schedule D, Part IV ..............................
10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent
endowments, or quasi-endowments? If "Yes," complete Schedule 0, Part V
11 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.a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete Schedule D,
Part VI
b Did the organization report an amount for investments - other securities in Part X, line 12 that is 5% or more of its total
assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIc Did the organization report an amount for investments - program related in Part X, line 13 that is 5% or more of its total
assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII .......
d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in
Part X, line 16? If 'Yes," complete Schedule Q, Part IX ..........................
e Did the organization report an amount for other liabilities in Part X, line 25? If 'Yes," complete Schedule 0, Part X
f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses
the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X
12a Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XII
b Was the organization included in consolidated, independent audited financial statements for the tax year?
If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional
13 Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes,' complete Schedule E
14a Did the organization maintain an office, employees, or agents outside of the United States?b 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 aggregate foreign investments valued at $100,000
or more? If 'Yes," complete Schedule F, Parts I and IV ..............................
15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any
foreign organization? If "Yes," complete Schedule F, Parts II and IV
16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance toor for foreign individuals? If "Yes," complete Schedule F, Parts Ill and IV
17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX,
column (A), lines 6 and lie? If "Yes," complete Schedule G, Part I ..........
18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines
1 c and 8a? If 'Yes," complete Schedule G, Part II ...........................
19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If 'Yes,"
complete Schedule G, Part Ill .....................
20a Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H
b If "Yes" to line 20a. did the oraanization attach a coov of its audited financial statements to this return? ..............................
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18 X
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Form 990(2013)
33200310-29-13
Form 990 (2013) THE DOE FUND, INC. 133412540 Page (continued)
21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or
government on Part IX, column (A), line 1? If "Yes," complete Schedule!, Parts l and /I
22 Did the organization report more than $5,000 of grants or other assistance to individuals in the United States on Part IX,
column (A), line 2? If "Yes, "complete Schedule!, Parts l and /Il .......................
23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's currentand former officers, directors, trustees, key employees, and highest compensated employees? If "Yes,' complete
Schedule J24a 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 24b through 24d and complete
Schedule K. If "No", go to line 25a ............................b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease
anytax-exempt bonds? ...................................................................................d Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?
25a Section 501(c)(3) and 501(c}(4} organizations. Did the organization engage in an excess benefit transaction with a
disqualified person during the year? If "Yes," complete Schedule L, Part I
b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, andthat 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
26 Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or
former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If so,
complete Schedule L, Part II ....................................................................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% controlled entity or family memberof any of these persons? If "Yes," complete Schedule L, Part III
28 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 A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV
b A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV
c 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
29 Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M
30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation
contributions? If "Yes,' complete Schedule M ..............................
31 Did the organization liquidate, terminate, or dissolve and cease operations?If 'Yes,' complete Schedule N, Part I ...................
32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?If "Yes,' complete
Schedule N, Part!!
33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations
sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part!
34 Was the organization related to any tax-exempt or taxable entity? If "Yes,' complete Schedule R, Part II, III, or IV, and
Part V, line I35a Did the organization have a controlled entity within the meaning of section 512(b)(13)?
b If "Yes" to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity
within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2
36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization?If "Yes," complete Schedule R, Part V, line 2 .....
37 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 R, Part VI
38 Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 11 b and 19?
Note. All Form 990 filers are reauired to comDlete Schedule 0 .............................................................................................
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Form 990(2013)
33200410-29-13
Form 990 (2013) THE DOE FUND, INC. 13-3412540 Page5Part V Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule 0 contains a response or note to any line in this Part V
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable .ia 13Enter the number of Forms W-2G included in line 1 a. Enter -0- if not applicable .lb
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming
(gambling) winnings to prize winners? .................................................................................................................................Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements,
filed for the calendar year ending with or within the year covered by this return.2a 54If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1 a and 2a is greater than 250, you may be required toe-fi/e (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," to line 3b, 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 authority over, a
financial account in a foreign country (such as a bank account, securities account, or other financial account)?
If "Yes," enter the name of the foreign country: 01
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
c If 'Yes," to line 5a or 5b, did the organization file Form 8886-T? .....................................................6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit
any contributions that were not tax deductible as charitable contributions? ...................................b If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts
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
tofile Form 8282' ................................................................................................................................d If "Yes," indicate the number of Forms 8262 filed during the year ................ I 7d Ie Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ......
g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...
h If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?
8 Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting
organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
9 Sponsoring organizations maintaining donor advised funds.a Did the organization make any taxable distributions under section 4966? ...........................b Did the organization make a distribution to a donor, donor advisor, or related person? ..................
10 Section 501(c}(7) organizations. Enter
a Initiation fees and capital contributions included on Part VIII, line 12 ...lOa
b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities I 1011 Section 501(c)(12) organizations. Enter:
a Gross income from members or shareholders ha
b Gross income from other sources (Do not net amounts due or paid to other sources against
amounts due or received from them.) ....................................lib12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
b If "Yes," enter the amount of tax-exempt interest received or accrued during the year .................. I 12b I13 Section 501(c)(29) qualified nonprofit health insurance issuers.
a 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 0.
b Enter the amount of reserves the organization is required to maintain by the states in which the
organization is licensed to issue qualified health plans ........................13b
c Enter the amount of reserves on hand 13c
14a Did the organization receive any payments for indoor tanning services during the tax year ?.
b If "Yes" has it filed a Form 720 to renort these Davments? If "No." provide an explanation in Schedule 0 ..............................
Yes I No
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Form 990(2013)
33200510-29-13
Form 990 (2013) THE DOE FUND, INC. 13-3412540 Page Part VI Governance, Management, and Disclosure For each "Yes' response to lines 2 through 7b below, and fora 'No" response
to line 8a, 8b, or 1 O below, describe the circumstances, processes, or changes in Schedule 0. See instructions.
VI
Section A. Governing Body and
la Enter the number of voting members of the governing body at the end of the tax year .la 15If there are material differences in voting rights among members of the governing body, or if the governing
body delegated broad authority to an executive committee or similar committee, explain in Schedule 0.
b Enter the number of voting members included in line la, above, who are independent .lb 142 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other
officer, director, trustee, or key employee?3 Did the organization delegate control over management duties customarily performed by or under the direct supervision
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:
ommMMEMME
LIRON7b1 IX
a The governing body? .8a Xb Each committee with authority to act on behalf of the governing body? .8b
:IX9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the
organization's mailing address? If "Yes, 'provide the names and addresses in Schedule 0 9
Section B requests information about policies not
the Internal Revenue
No
lOa Did the organization have local chapters, branches, or affiliates?
b If 'Yes," 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?11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form?
b Describe in Schedule 0 the process, if any, used by the organization to review this Form 990.
12a Did the organization have a written conflict of interest policy? If "No," go to line 13
b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts?
lOb I X
X
c Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe
in Schedule 0 how this was done 12c X13 Did the oraanization have a written whistleblower oolicv? 13 X
14 Did the organization have a written document retention and destruction policy?
15 Did the process for determining compensation of the following persons include a review and approval by independent
persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
The organization's CEO, Executive Director, or top management official
Other officers or key employees of the organization
If "Yes' to line 15a or 15b, describe the process in Schedule 0 (see instructions).iSa Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a
taxable entity during the year?
If 'Yes,' did the organization follow a written policy or procedure requiring the organization to evaluate its participation
in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization's
status with resoect to such
-J16a X
17 List the states with which a copy of this Form 990 is required to be filed NY, PA, AZ , MA, OH, CT ,CA, FL ,GA, IL ,ME ,MI18 Section 6104 requires 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.
EJ Own website IIXI Another's website LIXII Upon request LIII Other (explain in Schedule 0)
19 Describe in Schedule 0 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 the organization: THE DOE FUND, INC. - 646-672-2990345 EAST 102ND STREET, 3RD FLOOR, NEW YORK, NY 10029332006 10-29-13 SEE SCHEDULE 0 FOR FULL LIST OF STATES Form 990 (2013)
) I
Form 990 (2013) THE DOE FUND, INC. 13-3412540 P22e7
Part VII I Compensation of Officers, Directors, Trustees, Key Employees, Highest CompensatedEmployees, and Independent ContractorsCheck if Schedule 0 contains a response or note to any line in this Part VII ......................................
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
la Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization's tax year.
• List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation.Enter -0- in columns (D), (E), and (F) if no compensation was paid.
• List all 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 report-
able compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the organization 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 the organization,
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; highest compensated employees;and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A) (B) (C) (D) (E) (F)
Name and Title Average (do not check more than one Reportable Reportable Estimatedhours per box, unless person is both an compensation compensation amount of
week from from related other
(list any 8 the organizations compensation
hours for organization (W-2/1 099-MISC) from therelated(W-2/1 099-MISC) organization
organizations . and relatedbelow . organizationsline)
(1) RICHARD M. scm ps 0.50CHAIRMAN OF THE BOARD 1.00 X 0. 0. 0.(2) JOHN FRAWLEY 0.50BOARD MEMBER 1.00 X 0. 0. 0.(3) STEVE KOPPEL 0.50BOARD MEMBER 1.00 X 0. 0. 0.(4) ANDRE ROBERT LEE 0.50BOARD MEMBER 1.00 X 0. 0. 0.(5) JOHN NONSKY 0.50 -BOARD MEMBER 1. 00 X 0. 0. 0.(6) ABIGAIL POGREBIN 0.50 -BOARD MEMBER 1.00 X 0. 0. 0.(7) WENDY MADDEN 0.50BOARD MEMBER 1.00 X 0. 0. 0.(8) LISA SCHULTZ 0.50 -BOARD MEMBER 1.00 X 0. 0. 0.(9) STEVEN ALPER 0.50 -BOARD MEMBER 1.00 X 0. 0. 0.(10) MICHAEL WEISBERG 0.50 -BOARD MEMBER 1.00 X 0. 0. 0.(11) ALFONSO WYATT 0.50 -BOARD MEMBER 1.00 X 0. 0. 0.(12) RICHARD SANDLER 0.50BOARD MEMBER 1.00 X 0. 0. 0.(13) FAY SHUTZER 0.50BOARD MEMBER 1.00 X 0. 0. 0.(14) JULIE STANPLER 0.50BOARD MEMBER 1.00 X 0. 0. 0.(15) GEORGE T. MCDONALD 32.00PRESIDENT 8.00 X X 565,805. 0. 9,916.(16) HARRIET KARR-MCDONALD 32.00EXECUTIVE VICE PRESIDENT 8.00 X 297,294. 0. 9,753.(17) JOHN MCDONALD 32. 00CHIEF OPERATING OFFICER 8.00 X 266,318.1 0. 17,319.332007 102913 Form 990(2013)
Form 990 (2013)
Part VIII Section A. Officers
(A)
Name and title
(18) MARION KOWALSKI
CHIEF FINANCIAL OFFICER
(19) DENNIS PIERVICENTI
DIRECTOR OPERATIONS
(20) KEMISE ETWARU
DIRECTOR OF HUMAN RESOURCE
(21) NANCY OLECKI
DIRECTOR - DEVELOPMENT
(22) FELIPE VARGAS
EXECUTIVE DIRECTOR OF PROG
(23) GARY PENZELL
DIRECTOR OF FINANCE & BUDG
(24) RAYMOND DANM III
DIRECTOR - BUSINESS DEVELOPMENT
s, Key Emoloyees, and Highest(B) (C)
Average Position(do not check more than one
hours per box, unless person is both an
week officer and a director/trustee)
(list anyhours forrelated
ganizationsbelowline)
32.008.00 X
32.008.00 X
32.008.00 X
32.008.00 x
32.008.00 IX
32.008.00 X
32.008.00 X
(D)
Reportablecompensation
fromthe
organization(W-2/1 099-MISC)
144,560.
185,000.
143,576.
142 ,390.
136,342.
127 ,307.
121,856.
(E) (F)
Reportable Estimatedcompensation amount offrom related otherorganizations compensation
(W-2/1 099-MISC) from theorganizationand related
organizations
0.1 1,647.
I
1,037.
15,097.
25,827.
8,872.
18,808.
9,418.
THE DOE FUND. INC. 13-3412540
8
lb Sub-total jo. 2 ,iiU,4'Ui. U.
c Total from continuation sheets to Part VII, Section A 0.1 0.d Total (add lines lb and ic) ------------------------------------------------------------------------ 00, 2,130,448. 0. n
2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable
3 Did the organization list any former officer, director, or trustee, key employee, or highest compensated employee on - *
line la? If Yes," complete Schedule J for such individual -3 -
4 For any individual listed on line 1 a, is the 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 - X5 Did any person listed on line 1 a receive or accrue compensation from any unrelated organization or individual for services _ *
rendered to the organization? If "Yes," complete Schedule J for such person 5 -Section B. Independent Contractors
1 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 tax year.
(A) (B) (C)Name and business address Description of services Compensation
MHG ARCHITECTS PC ARCHITECTURAL443 PARK AVENUE SOUTH, NEW YORK, NY 10016 SERVICES FOR THE MUL 582,138.MIRROR IMAGING LLC PRINTING, LOGO220 ENTIN ROAD, CLIFTON, NJ 07014 DESIGN, AND MAILING 472,353.DELACOtJR FERRARA & CHURCH ARCHITECTS, PC ARCHITECTURAL91 ATLANTIC AVENUE, BROOKLYN, NY 11201 SERVICES FOR THE CRC 350,000.RAICH ENDE MALTER & CO. LLP, 90 MERRICK FINANCIAL AUDITINGAVENUE, SUITE 802, EAST MEADOW, NY 11554 SERVICES 207,000.42ND STREET LESSEE, LLC 'TANNING AND110 EAST 42ND STREET, NEW YORK, NY 10017 PROVIDING THE SERVIC 156,855.2 Total number of independent contractors (including but not limited to those listed above) who received more than
$100,000 of compensation from the organization 5Form 990(2013)
33200810-29-13
0.94.
15No
-JX
X
LI
II
Form 990 (2013) THE DOE FUND, INC. 13-3412540 Page Part VIII I Statement of Revenue
Check if Schedule 0 contains a response or note to any line in this Part VIII ElI (A) I (B) I (C) I (D)I Total revenue I Related or I Unrelated I Revenue excludedII
I exempt function I business i from tax under sectionsI revenue I revenue I 512-514
1420.386.
1,762,260.
11,434,533.87,798.
14,617,179.
usiness Code2a MANAGEMENT FEES 624200 1,253,486.
b CONTRACTS 624200 835,905,
(O OTHER EARNED REVENUE 624310 811.794.
a. f All other program service revenue - g Total. Add lines 2a-2f
2.901.185
3 Investment income (including dividends, interest, andother similar amounts) 122
4 Income from investment of tax-exempt bond proceeds5 Royalties .....................................................................
(i) Real (ii) Personal6 a Gross rents
b Less: rental expenses
c Rental income or (loss)
d Net rental income or (loss) ..........................................7 a Gross amount from sales of (i) Securities (ii) Other
assets other than inventoryb Less: cost or other basis
and sales expensesc Gain or (loss) d Net gain or (loss) .........................................................
8 a Gross income from fundraising events (notincluding$ 1,420,386. of
contributions reported on line ic). SeePart IV, line 18a 353,380.
b Less: direct expensesb 353,380 -0
c Net income or (loss) from fundraising events 0.
9 a Gross income from gaming activities. SeePart IV, line 19 a
b Less: direct expensesbc Net income or (loss) from gaming activities ..................
10 a Gross sales of inventory, less returnsand allowances a
b Less: cost of goods soldbc Net income or (loss) from sales of inventory
Miscellaneous Revenue Business Cod11 a RENTAL INCOME FROM LAND LEASES 624000
b REALIZED LOSS 624000
C REALIZED LOSS ON DISPOSITION OF A 624000
d All other revenue _________e Total. Add lines 11 a-lid
12 Total revenue. See instructions.Tim10-29-13
1 a Federated campaigns .laCo M b Membership dues
c Fundraising eventsd Related organizations .ide Government grants (contributions) lef All other contributions, gifts, grants, and
m m similar amounts not included above if-
-o g Noncash conlibutions included in lines la-if: $o
o e In Total. Add lines la-if ............................
1,253,486.835,905.
811,794.
122,
71,359. 71,359.
1 , 694. 1,694,
-77,708. -77,708.
-4,655.
17,513,831. 2,896,530.1 0.1 122.
Form 990 (2013)
Form 990 (2013) THE DOE FUND, INC. 13-3412540 PagelO
Part IX I Statement of Functional ExpensesSection 501(c) (3) and 501(c) (4) organizations must complete all columns. All other organizations must complete column (A).
Check if Schedule 0 contains a response or note to any line in this Part IX LiDo not include amounts reported on lines 6b, Total expenses Program seMce Management and Fundraising7b, 8b, 9b, and lOb of Part VIII. expenses general expenses expenses
1 Grants and other assistance to governments and
organizations 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 the
United States. See Part IV, lines 15 and 16
4 Benefits paid to or for members
5 Compensation of current officers, directors,trustees, and key employees .2,030,527. 207,692. 1,472,339. 350,496.
6 Compensation not included above, to disqualifiedpersons (as defined under section 4958(f)(1)) and
persons described in section 4958(c)(3)(B)
7 Other salaries and wages .4,469,220. 2,351,468. 1,170,889. 946,863.8 Pension plan accruals and contributions (include
section 401(k) and 403(b) employer contributions)
9 Other employee benefits .616,505. 266,077. 217,457. 132,971.10 Payroll taxes 673,479. 294,855. 270,237. 108,387.11 Fees for services (non-employees):
a Management ..73 , 559. 73,559.b Legal .140,529. 5,125. 135,404.c Accounting .112 , 500. 112,500.d Lobbying e Professional fundraising services. See Part IV, line 17
f Investment management fees
g Other. (If line 1 lg amount exceeds 10% of line 25,
column (A) amount list line 11g expenses onSch0.) 412,444. 109,934. 258,127. 44,383.12 Advertising and promotion .195 , 741. 14,181. 129 , 644. 51,916.13 Office expenses .723,430. 50,592. 230,984. 441,854.14 Information technology .257,070. 25,478. 221,586. 10,006.15 Royalties
16 occupancy .919,650. 460,064. 454,196. 5,390.17 Travel 35,013. 6,098. 28,404. 511.18 Payments of travel or entertainment expenses
for any federal, state, or local public officials19 Conferences, conventions, and meetings .83,492. 13,004. 69,327. 1,161.20 Interest 87,049. 6,784. 80,265.21 Payments to affiliates
22 Depreciation, depletion, and amortization .285,638. 55,615. 182,300. 47,723.23 Insurance 63,349. 158. 63,191.24 Other expenses. Itemize expenses not covered
above. (List miscellaneous expenses in line 24e. If line24e amount exceeds 10% of line 25, column (A)amount, list line 24e expenses on Schedule 0.)
a CLIENT SERVICES 214,898. 211,588. 3,310.b VEHICLES AND TRANSPORTA 134,777. 96,438. 38,339.c BAD DEBTS 102,976. 102,976.d AID TO CLIENTS 101,316. 75,419. 25,897.e All other expenses 155,379. 85,748. 48,673. 20,958.
25 Total functional expenses. Add lines l through 24e 11,888,541. 4,512,853. 5,213,069. 2,162,619.26 Joint costs. Complete this line only if the organization
reported in column (B) joint costs from a combinededucational campaign and fundraising solicitation.Check heie l' LIII if following 50P 98-2 (A5C 958.720)
332010 10-29-13 Form 990(2013)
6
• -- I
2,061,982.10C 7,866,516
£a= I . IC
1314
21,143,596. 15
50,858,497.3,668,913. _:Lt
185,254. 19
20
21
22289,743. 23
24
25,648,820. 2529,612,730. j
20,490,340. 27755,427.
.I_ __I i .1.. J £.
,013,857.,053,361.,760,932.
0.
.312 . 825.
9,108,547.8,182,304.
3,040,762.3,830,295.
30
31
3215,767. 33)8,497.1 a
I U .I_ , V ._J I .
,053,361.Form 990(2013)
133412540 Page11
Li(B)
End of year
496,895.2
-i- 3,762,994.iii 795,149.
5
U)4-.
0)Ci)U)
U)a)
.0CD
—J
Ci)a)0
CCD
CD
C
U-
0
U)
C)U)U)
C)Z
990 THE DOE FUND, INC.
Check if Schedule 0 contains a or note to any line in this Part X
(A)Beginning of year
-• OrC tCAA
1 Cash - non-interest-bearing ..........................3 0-'7, U 'AV .
2 Savings and temporary cash investments 66,341.3 Pledges and grants receivable, net
1,507,968.922,926.
4 Accounts receivable, net
5 Loans and other receivables from current and former officers, directors,trustees, key employees, and highest compensated employees. CompletePart U of Schedule L
6 Loans and other receivables from other disqualified persons (as defined under
section 4958(0(1)), persons described in section 4958(c)(3)(B), and contributing
employers and sponsoring organizations of section 501 (c)(9) voluntary
employees' beneficiary organizations (see instr). Complete Part II of Sch L
7 Notes and loans receivable, net8 Inventories for sale or use9 Prepaid expenses and deferred charges
lOa Land, buildings, and equipment: cost or other
basis. Complete Part VI of Schedule D .lOa 9,918,708.b Less: accumulated depreciation -lOb 2,052,192.
11 Investments - publicly traded securities ...12 Investments - other securities. See Part IV, line 11 13 Investments- program-related. See Part IV, line 11
14 Intangible assets ....................____________________
15 Other assets. See Part IV, line 11
16 Total assets. Add lines 1 through 15 (must equal
17 Accounts payable and accrued expenses18 Grants payable .............19 Deferred revenue
20 Tax-exempt bond liabilities
21 Escrow or custodial account liability. Complete Part IV of Schedule D
22 Loans and other payables to current and former officers, directors, trustees,
key employees, highest compensated employees, and disqualified persons.Complete Part II of Schedule L
23 Secured mortgages and notes payable to unrelated third parties
24 Unsecured notes and loans payable to unrelated third parties
25 Other liabilities (including federal income tax, payables to related third
parties, and other liabilities not included on lines 17-24). Complete Part X of
Schedule D26 Total liabilities. Add lines 17 through 25
Organizations that follow SFAS 117 (ASC 958), check here [Xi and
complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets
28 Temporarily restricted net assets ..
29 Permanently restricted net assetsOrganizations that do not follow SFAS 117 (ASC 958), check hereand complete lines 30 through 34.
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 ................................................
332011
10-29-13
Form 990 (2013) THE DOE FUND, INC 13-3412540 Page-12
Part XI Reconciliation of Net AssetsCheck if Schedule 0 contains a response or note to any line in this Part XI .................................................................................L1
17.513.831.
26,871,057.
No
1
Total revenue (must equal Part VIII, column (A), line 12) .....................................2
Total expenses (must equal Part IX, column (A), line 25) .................................
3
Revenue less expenses. Subtract line 2 from line 1 ..................................
4 Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A))
5
Net unrealized gains (losses) on investments .........................................6 Donated services and use of facilities7 Investment expenses8
Prior period adjustments ...........................................................................9 Other changes in net assets or fund balances (explain in Schedule 0) ........
10 Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33,
inliimn(B))
Financial Statements and ReportingCheck if Schedule 0 contains a res ponse or note to
line yll
1 Accounting method used to prepare the Form 990: LII Cash FX1 Accrual LII Other
If the organization changed its method of accounting from a prior year or checked 'Other,' explain in Schedule 0.
2a Were the organization's financial statements compiled or reviewed by an independent accountant?
If 'Yes,' check a box below to indicate whether the financial statements for the year were compiled or reviewed on a
separate basis, consolidated basis, or both:Separate basis LII Consolidated basis LIII Both consolidated and separate basis
b Were the organization's financial statements audited by an independent accountant? .........
If 'Yes,' check a box below to indicate whether the financial statements for the year were audited on a separate basis,
consolidated basis, or both:
Separate basis Consolidated basis Both consolidated and separate basis
c If 'Yes' to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit,review, or compilation of its financial statements and selection of an independent accountant? ..
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule 0.
3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit
Act and OMB CircularA133?
b If 'Yes,' did the organization undergo the required audit or audits? If the organization did not undergo the required auditnr i irlits eynlain why in Sthediile 0 and describe an y stens taken to underao such audits ................................................
2a X
2b X
---J2c X
3a
3b I X IForm 990(2013)
33201210-29-13
OMB No. 1545-0047
Open to PublicInspection
SCHEDULEA I Public Charity Status and Public Support(Form 990 or OEZ)
Complete if the organization is a section 501(c}(3} organization or a section
4947(a}(1) nonexempt charitable trust.Department of the Treasury Attach to Form 990 or Form 990-E7—Internal Revenue Service I ' Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.qov/fName of the Employer identification number
THE DOE FUND, INC. 13-3412540must complete this part.) See instructions.
The organization is not private foundation because it is: (For lines 1 through 11, check only one box.)
1 i:i A church, convention of churches, or association of churches described in section 170(b}(1)(AXi).
2 L1] A school described in section 170(b}(1)(A)(ii). (Attach Schedule E.)
3 A hospital or a cooperative hospital service organization described in section 170(b)(1)(AXiii).4 A medical research organization operated in conjunction with a hospital described in section 170(b){1)(A}(iii). Enter the hospital's name,
city, and state:
5 An organization operated for the benefit of a college or university owned or operated by a governmental unit described in
section 170(b){1)(A}(iv). (Complete Part II.)
6 LII A federal, state, or local government or governmental unit described in section 170(bXl)(AXv).
7 lIiI An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in
section 170(bXl)(A}(vi). (Complete Part II.)
8 A community trust described in section 170(b}(1)(AXvi). (Complete Part II.)
9 An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from
activities related to its exempt functions . subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment
income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975.
See section 509(a}(2). (Complete Part Ill.)10 LJ An organization organized and operated exclusively to test for public safety. See section 509(a}(4).ii An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or
more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a}(3). Check the box that
describes the type of supporting organization and complete lines lie through 11 h.
a Type I b Type II c 0 Type Ill- Functionally integrated d 0 Type Ill . Non-functionally integrated
e By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other thanfoundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f If the organization received a written determination from the IRS that it is a Type I, Type II, or Type Ill
supporting organization, check this box ............................................................................
g Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii) and (iii) below, Yes No
the governing body of the supported organization? ...............................llg(i)
(ii) A family member ofaperson described in above?............11g(ii)
(iii) A 35% controlled entity of a person described in (i) or (ii) above? ..............llg(iii)
h Provide the following information about the supported organization(s).
(I) Name of supportedorganization
(ii) EIN (iii) Type of organization(described on lines 1-9above or IRC section(see instructions))
,)ls the organization i (v) Did you notify the I (yl) Is thecol. (I) listed in your1 organization in cal. I organization in col. (vii) Amount of monetary
1(i) organized in the support)verning document? I (I) of your support? I U.S.?Yes I No I Yes
No I Yes I No
LHA For Paperwork Reduction Act Notice, see the Instructions for Schedule A (Form 990 or 990-EZ) 2013
Form 990 or 990-EL
33202109-25-13
Schedule A (Form 990or99OEZ)2013 THE DOE FUND, INC. 133412540 Page2
Part II I Support Schedule for Organizations Described in Sections 170(b)(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 under Part Ill. If the organizationfails to qualify under the tests listed below, please complete Part Ill.)
Section A. Public SupportCalendar year (or fiscal year beginning in) (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
1 Gifts, grants, contributions, and
membership fees received. (Do not
include any "unusual grants.") 7919668. 7559864. 8850864. 9594180.14617179.18541755.2 Tax revenues levied for the organ-
ization's benefit and either paid toor expended on its behalf
3 The value of services or facilities
furnished by a governmental unit to
the organization without charge
4 Total. Add lines l through 3 7919668. 7559864. 8850864. 9594180.14617179.18541755.5 The portion of total contributions
by each person (other than agovernmental unit or publicly
supported organization) included
on line 1 that exceeds 2% of the
amount shown on line 11,column
6 Public support. Subtract line 5 from line 4 48541755.Section B. Total SupportCalendar year (or fiscal year beginning in) (a)2009 (b)2010 -(c)2011 (d)2012 (e)2013 (f)Total
7 Amounts from line 4 .7919668. 7559864. 8850864. 9594180.14617179.18541755.B Gross income from interest,
dividends, payments received onsecurities loans, rents, royaltiesand income from similar sources 185,677. 220,266. 622,016. 551,180. -4,655. 1574484.
9 Net income from unrelated business
activities, whether or not the
business is regularly carried on
10 Other income. Do not include gainor loss from the sale of capitalassets (Explain in Part IV.)
11 Total support. Add lines 7 through 10 . __________ 5011623912 Gross receipts from related activities, etc. (see instructions) .......12 11,916,093.13 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 ....................................................................................................................................... 11111Section C. Computation of Public Support Percentage14 Public support percentage for 2013 (line 6, column (f) divided byline 11, column (f)) 14 96.8615 Public support percentage from 2012 Schedule A, Part II, line 14 115 96.32 %16a 33 1130/6 support test - 2013. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box and
stop here. The organization qualifies as a publicly supported organization .............. II1b 33 113% support test - 2012. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization17a 10% -facts-and-circumstances test - 2013. If the organization did not check a box on line 13, 1 6a, or 16b, and line 14 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 organization
meets the"facts-and-circumstances" test. The organization qualifies as a publicly supported organization
b 100/6 -facts-and-circumstances test - 2012. If the organization did not check a box on line 13,16a, 16b, or 17a, and line 15 is 10% ormore, and if the organization meets the "facts-and-circumstances test, check this box and stop here. Explain in Part IV how theorganization meets the 'facts-and-circumstances test. The organization qualifies as a publicly supported organization
18 Private foundation. If the organization did not check a box online 13,16a, 16b, 17a, or 17b, check this box and see instructions EliSchedule A (Form 990 or 990-EZ) 2013
33202209-25-13
Schedule A (Form 990 or990-EZ) 2013 THE DOE FUND, INC. 13-3412540 Page3Part III Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to
qualify under the tests listed below, please complete Part II.)A fl. .I. I.,. C.
2010 I (C) 2011 I (d) 2012 I (e) 2013 I (f) TotalCalendar year (or fiscal year beginning in) (a) 2009
1 Gifts, grants, contributions, and
membership fees received. (Do not
include any 'unusual grants.")
2 Gross receipts from admissions,merchandise sold or services per-formed, or facilities furnished inany activity that is related to theorganization's tax-exempt purpose
3 Gross receipts from activities that
are not an unrelated trade or bus-iness under section 513
4 Tax revenues levied for the organ-ization's benefit and either paid toor expended on its behalf
5 The value of services or facilities
furnished by a governmental unit to
the organization without charge
6 Total. Add lines 1 through 5 .........7a Amounts included on lines 1, 2, and
3 received from disqualified personsb Amounts included on lines 2 and 3 received
from other than disqualified persons that
exceed the greater of $5,000 or 1% of theamount on line 13 for the year
C Add lines 7a and 7b
Calendar year (or fiscal year beginning in) (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
9 Amounts from line 6
lOa Gross income from interest,dividends, payments received onsecurities loans, rents, royaltiesand income from similar sources
b Unrelated business taxable income(less section 511 taxes) from businesses
acquired after June 30, 1975
cAdd lines 1 O and 1 O11 Net income from unrelated business
activities not included in line lOb,whether or not the business isregularly carried on
12 Other income. Do not include gainor loss from the sale of capitalassets (Explain in Part IV.) ............ .______________
13 Total support. (Add lines 9. lOc. 11. and 12.)
14 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,
checkthis box and stop here ............................................................................................................................................................Section C. Computation of Public Support Percentage15 Public support percentage for 2013 (line 8, column (f) divided by line 13, column (f)) .15
16 Public support percentage from 2012 Schedule A, Part III, tine 15 16
Section D. Computation of Investment Income Percentage17 Investment income percentage for 2013 (line lOc, column (t) divided byline 13, column (f)) 17 1 %18 Investment income percentage from 2012 Schedule A, Part Ill, line 17 .18 %
19a 33 113% support tests - 2013. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not
more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization LIIIb 33 1/30/6 support tests - 2012. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3%, and
line 18 is not more than 33 1/3%, 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 online 14,19a, or 19b, check this box and see instructions332023 09-25-13 Schedule A (Form 990 or 990-EZ) 2013
%%
Schedule A (Form 99Oor99O-EZ)2013 THE DOE FUND, INC. 13-3412540 Paqe4Part IV I Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and Part Ill, line 12.
Also complete this part for any additional information. (See instructions).
332024 09-25-13 Schedule A (Form 990 or 990-EZ) 2013
SCHEDULE D Supplemental Financial Statements(Form 990)
Complete if the organization answered "Yes," to Form 990,Part IV, line 6,7,8, 9, 10, ha, lib, lic, lid, lie, hf, 12a, or 12b.
Department of the Treasury 0, Attach to Form 990.Internal Revenue Service Information about Schedule 0 (Form 990) and its instructions is at
OMB No. 1545-0047
Open to Public-Inspection
Name of the organization Employer identification number
THE DOE FUND. INC. 13-3412540or or Accounts. Complete if the
answered "Yes' to Form 990, Part IV, line 6.(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year2 Aggregate contributions to (during year)3 Aggregate grants from (during year)4 Aggregate value at end of year5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds
are the organization's property, subject to the organization's exclusive legal control? .... Yes L11 No
6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only
for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring -
Conservation if the organization answered 'Yes' to Form 990, Part IV, line 7.
1 Purpose(s) of conservation easements held by the organization (check all that apply).
LII Preservation of land for public use (e.g., recreation or education) 0 Preservation of an historically important land area
LIII Protection of natural habitat EJ Preservation of a certified historic structure
Preservation of open space2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last
day of the tax year.Held at the End of the Tax Year
a Total number of conservation easements
b Total acreage restricted by conservation easements ...........................
c Number of conservation easements on a certified historic structure included in (a)I...E
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structurelisted in the National Register ........I 2d I
3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the tax
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 ofviolations, and enforcement of the conservation easements it holds? LIJ Yes LII 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 10, $
8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section 1 7O(h)(4)(B)(
and section 170i)(4)(B)ji)? .................................................. D Yes El No
9 In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, and
include, if applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting for
conservation easements.Part 11IJ Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 8.
ha If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII,
the text of the footnote to its financial 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 sheet works of art, historical
treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts
relating to these items:
(i) Revenues included in Form 990, Part VIII, line 1 ............ 1111. $
(ii) Assets included in Form 990, Part X ................................... $
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, providethe following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a Revenues included in Form 990, Part VIII, line 1 ............. 00. $b Assets included in Form 990, Part X ............... $
LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule D (Form 990)201333205109-25-13
Is
Schedule D (Form 99O)2013 THE DOE FUND, INC.—133412540 Pa9e2
Part III I Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets(continued)
3 Using the organization's acquisition, accession, and other records, check any of the following that are a significant use of its collection items
(check all that apply):
a Public exhibition d LI Loan or exchange programs
b LI Scholarly research e LI Other______________________________________________________
c LI Preservation for future generations4 Provide a description of the organization's collections and explain how they further the organizations exempt purpose in Part XIII.5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similar assets
to be sold to raise funds rather than to be maintained as part of the organization's collection? ............. ....................... LII Yes LI No
Part IV I Escrow and Custodial Arrangements. Complete if the organization answered 'Yes' to Form 990, Part IV, line 9, orreported an amount on Form 990, Part X, line 21.
la Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not included
on Form 990, Part X? LII Yes LII No
b If 'Yes,' explain the arrangement in Part XIII and complete the following table: -Amount
c Beginning balance ...............................................................J2.d Additions during the year ......................................................
e Distributions during the year .............................................
fEnding balance ................................................................................
2a Did the organization include an amount on Form 990, Part X, line 21? ................. ..... . ... U Yes L...J No
b If 'Yes,' explain the arrangement in Part XIII. Check here if the explanation has been provided in Part All ....................................... LIIPart V I 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 (e) Four years back
la Beginning of year balance
b Contributions
c Net investment earnings, gains, and lossesd Grants or scholarships e Other expenditures for facilities
and programs
f Administrative expenses
g End of year balance 2 Provide the estimated percentage of the current year end balance (line 1 g, column (a)) held as:
a Board designated or quasi-endowment b Permanent endowment %
c 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 the organization
by: Yes No
(I) unrelated organizations ................................................................................3a(i)(ii) related organizations ............................................................................3a(ii)
b If 'Yes' to 3a(ii), are the related organizations listed as required on Schedule R? .............3b
4 Describe in Part XIII the intended uses of the organization's endowment funds.Part VI Land, Buildings, and Equipment.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 11 a. See Form 990, Part X, line 10.
Description of property (a) Cost or other (b) Cost or other (c) Accumulated (d) Book value
basis (investment) basis (other) depreciation
la Land
b Buildings
c Leasehold improvements
d Equipment
1 a throuoh 1 e. (Column (d) must equal Form 990, Part
601UUU.
,313,426. 317,742. 995,684.,090,578. 1,721,636. 368,942.,286,704. 12,814. 2,273,890.linelO(c).) 7,866,516.
Schedule D (Form 990)2013
33205209-25-13
Schedule D (Form 99O)2013 THE DOE FUND, INC. 13-3412540 Page3
I Part V11 Investments - Other Securities.Complete if the organization answered 'Yes' to Form 990, Part IV, line 11 b. See Form 990, Part X, line 12.
(a) Description of security or category (including name of security) (b) Book value (c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives
(2) Closely-held equity interests
(3) Other
Total. (Col. (b) must equal Form 990, Part X, cot. (B) line 12.) ji I IPart VIll Investments - Program Related.
Complete if the organization answered 'Yes' to Form 990, Part IV, line 11 c. See Form 990, Part X, line 13.(a) Description of investment (b) Book value F (c) Method of valuation: Cost or end-of-year market value
Total. (Col. (b) must equal Form 990, Part X, cot. (B) tine 13.) IPart IX] Other Assets.
Complete if the organization answered 'Yes to Form 990, Part IV, line lid. See Form 990, Part X, line 15.(b) Book value
DEP 208,003.
1.805.854.
o!umn (b) must equal Form 990, Part X, col. (B) line 15.)Other Liabilities.Complete if the organization answered 'Yes" to Form 990,
(a) Description of liability
Federal income taxesPAYROLL TAXES PAYABLECONTRACT ADVANCESDEFERRED RENT AND LEASE INCENTIDEFERRED RENT FROM LAND LEASESDUE TO AFFILIATESDEPOSITS PAYABLE
Part IV, line lie or 11 f. See Form 990, Part X, line 25.I (b) Book value I
4,897.339,303.78,717.
,581, 489.32,132.
Total. (Column (b) must equal Form 990, Part X, coL (B) line 25.) .................'.1. U b , n4 / .
2. Liability for uncertain tax positions. In Part XIII, 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). Check here if the text of the footnote has been provided in Part XIII EIXI
Schedule D (Form 990) 2013
33205309-25-13
Schedule D (Form g9O)2013 THE DOE FUND, INC. 133412540 Page4Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return.
Complete if the organization answered "Yes' to Form 990, Part IV, line 12a. -
1 Total revenue, gains, and other support per audited financial statements ..2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments ..........
b Donated services and use of facilities 2b
o Recoveries of prior year grants .....................2c
d Other (Describe in Part XIII.) .2d *
e Add lines 2a through 2d .................................................................3 Subtract line 2e from line 1 34 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .4a
b Other (Describe in Part All.).4b *
c Add lines 4a and 4b 5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part!, line 12.) 5Part Xli I Reconciliation of Expenses per Audited Financial Statements With Expenses per Return.
Complete if the organization answered "Yes" to Form 990, Part IV, line 12a.1 Total expenses and losses per audited financial statements .............2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities 2a
b Prior year adjustments .................2bc Other losses 2cd Other (Describe in Part XIII.) ...............................................................................2d
e Add lines 2a through 2d ..................................3 Subtract line 2e from line 14 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .4ab Other (Describe in Part XIII.) .4bc Add lines 4a and 4b
5 Total exoenses. Add lines 3 and 4c. iThis must eaual Form 990. Part!, line 18.) ................................................
I Part Xliii Supplemental Information.Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1 a and 4; Part IV, lines lb and 2b; Part V, line 4; Part X, line 2; Part XI,
lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
PART X, LINE 2:
THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES, PURSUANT
TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION IS ALSO
EXEMPT FROM STATE INCOME TAXES. THE CORPORATION MAY RECOGNIZE THE TAX
BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT
THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING
AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX
POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS
POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE
INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS
FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A
2e
4c
GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT.09-25-13 Schedule 0 (Form 990)2013
Schedule D(Form99U)2013 THE DOE FUND, INC. 133412540 Page5
I Part XIII I Supplemental Information (continued)
THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS
LIABILITIES FOR FISCAL YEARS 2014 AND 2013.
THE CORPORATION AND AFFILIATES FILE AN ANNUAL FORM 990, RETURN OF
ORGANIZATION EXEMPT FROM INCOME TAX, WITH THE INTERNAL REVENUE SERVICE
(THE IRS). AT JUNE 30, 2014, THE CORPORATION AND AFFILATES' FORM 9905 FOR
THE YEARS ENDED 2010 THROUGH 2012 REMAIN ELIGIBLE FOR EXAMINATION BY THE
IRS.
Schedule D (Form 990) 201333205509-25-13
SCHEDULE G(Form 990 or 990-EZ)
Department of the TreasuryInternal Revenue Service
OMB No. 1545-0047
Supplemental Information Regarding Fundraising or Gaming ActivitiesComplete if the organization answered Yes" to Form 990, Part IV, lines 17, 18, or 19, or if the
organization entered more than $15,000 on Form 990-EZ, line 6a. -
Attach to Form 990 or Form 990-EL Open To Public
.- . instructions .- Inspection
Information ahotit Schdiil G (Form 990 or 99D-FZ and its is at ire or,,,/fc,rm 001)
Name of the organization Employer identification number
THE DOE FUND, INC. 13-3412540
Part I Fundraising Activities. Complete if the organization answered 'Yes" to Form 990, Part IV, line 17. Form 990-EZ filers are notrequired to complete this part.
1 Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a EIXII Mail solicitations e L1 Solicitation of non-government grantsb LJ Internet and email solicitations f QX1 Solicitation of government grants
c Phone solicitations g EIXII Special fundraising events
d E1 In-person solicitations
2 a Did the organization have a written or oral agreement with any individual (including officers, directors, trustees or
key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services? Yes EI1 No
b If 'Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is to becompensated at least $5,000 by the organization.
(i) Name and address of individualor entity (fundraiser)
(iii) Did (v) Amount paidfun raiser (iv) Gross receipts to (or retained by) I (vi) Amount paid
(ii) Activity have custodyor control o from activity fundraiser to (or retained by)
contributions? listed in col. (i) organization
Yes I No
Total3 List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration
or licensing.
NY,AZ,CA,CT,FL,GA,IL,ME,MA,MI,MN,NH,NJ,NM,NC,OHIOR,PA,RI,SC,VA,WA
LF-IA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule G (Form 990 or 990-EZ) 2013
33208109-12-13
Schedule G (Form 990 or990-EZ) 2013 THE DOE FUND, INC. 13-3412540 Paqe2
I Part II I Fundraising events. Complete if the organization answered Yes to Form 990, Part IV, line 18, or reported more than $15,000
- of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.
(a) Event #1 (b) Event #2 (c) Other events(d) Total events
BENEFIT NONE (add col. (a) through)INNER RAFFLE SALES col. (c))
(event type) (event type) (total number)
Ca
1 Gross receipts .1,615,892. 78,937. 1,694,829.i:c
2 Less: Contributions 78,937. 78,937.
3 Gross income (line 1 minus line 2) 1,615, 1, 615, 892.
4 Cash prizes
5 Noncash prizes CI)a,
6 Rent/facility costs
7 Food and beverages
0
8 Entertainment9 Other direct expenses .353,380.
10 Direct expense summary. Add lines 4 through 9 in column (d) ...................11 Net income summary. Subtract line 10 from line 3, column (d)
Part UI I Gaming. Complete if the organization answered "Yes to Form 990, Part IV, line 19, or reported more than
$15,000 on Form 990-EZ, line 6a.
I
(b) Pull tabs/instant I (d) Total gaming (add(a) Bingo bingo/progressive bingo (c) Other gaming col. (a) through col. (c))
a,D
Ca)>a)
— 1 Gross revenue
u 2 Cash prizesa)CI)
3 Noncash prizes
4 Rent/facility costsa
5 Other direct
L...J Yes L.J Yes______ % LJ Yes %6 Volunteer labor No Eli No [Ill] No
7 Direct expense summary. Add lines 2 through 5 in column (d) ............................
8 Net aamino income summary. Subtract line 7 from line 1. column (d) ........
9 Enter the state(s) in which the organization operates gaming activities:a Is the organization licensed to operate gaming activities in each of these states? Li Yes Li No
b If explain:
lOa Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? Li Yes Li No
b If Yes," explain:
332082 09-12-13 Schedule G (Form 990 or 990-EZ) 2013
Schedule G (Form 990 or 990-E,7) 2013 THE DOE FUND, INC 13-3412540 Paqe3
11 Does the organization operate gaming activities with nonmembers? ...........L..J Yes L.] No
12 Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity formed
to administer charitable gaming? ...............................................LII Yes No
13 Indicate the percentage of gaming activity operated in:
a The organization's facility ...............................................13a %
b An outside facility .................................................................................13b %
14 Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name
Address '
15a Does the organization have a contract with a third party from whom the organization receives gaming revenue? LII Yes LIII No
b If 'Yes,' enter the amount of gaming revenue received by the organization 1110. $ and the amount
of gaming revenue retained by the third party $c If 'Yes," enter name and address of the third party:
Name
Address
16 Gaming manager information:
Name
Gaming manager compensation $
Description of services provided -
El Director/officer Employee Independent contractor
17 Mandatory distributions:a Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? .....................................LI Yes LI No
b Enter the amount of distributions required under state law to be distributed to other exempt organizations or spent in the
organization's own exempt activities during the tax year $
I Part lvi Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v), and Part III, lines 9, 9b, lOb, 15b,
15c, 16, and 17b, as applicable. Also complete this part to provide any additional information (see instructions).
332083 09-12-13 Schedule G (Form 990 or 990-EZ) 2013
Compensation InformationFor certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated EmployeesComplete if the organization answered 'Yes" on Form 990, Part IV, line 23.
Attach to Form 990. See separate instructions.Information about Schedule J (Form 990) and its instructions is at '/W'N ipg yirTh
THE DOE FUND, INC.
OMB No. 1545-0047
Open to PublicInspection
Employer identification number
13-3412540
No
SCHEDULEJ(Form 990)
Department of the TreasuryInternal Revenue Service
of the organization
la Check the appropriate box(es) if the organization provided any of the following to or for a person listed in Form 990,
Part VII, Section A, line 1 a. Complete Part Ill to provide any relevant information regarding these items.
EJ First-class or charter travel El Housing allowance or residence for personal use
El Travel for companions LT Payments for business use of personal residence
El Tax indemnification and gross-up payments Eli Health or social club dues or initiation fees
El Discretionary spending account El Personal services (e.g., maid, chauffeur, chef)
b If any of the boxes online la are checked, did the organization follow a written policy regarding payment or Ireimbursement or provision of all of the expenses described above? If "No," complete Part Ill to explain ..
2 Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all directors,
trustees, and officers, including the CEO/Executive Director, regarding the items checked in line 1 a?
3 Indicate which, if any, of the following the filing organization used to establish the compensation of the organization's
CEO/Executive Director. Check all that apply. Do not check any boxes for methods used by a related organization to
establish compensation of the CEO/Executive Director, but explain in Part III.
ET Compensation committee El Written employment contract
EXI Independent compensation consultant 1XI Compensation survey or study
El Form 990 of other organizations r 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 filing
organization or a related organization:
a Receive a severance payment or change-of-control payment? .......................................4a
b Participate in, or receive payment from, a supplemental nonqualified retirement plan? ...................4b
c Participate in, or receive payment from, an equity-based compensation arrangement? .............4c
If 'Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part Ill.
Only section 501(c}(3) and 501(c)(4) organizations must complete lines 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? ........ 5a
b Any related organization?If 'Yes' to line 5a or 5b, describe in Part Ill.
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:
aThe organization? .........................................................................................
bAny related organization? - ----------------------------- ----------------------------------------------------If 'Yes" to line 6a or 6b, describe in Part Ill.
7 For persons listed in Form 990, Part VII, Section A, line 1 a, did the organization provide any non-fixed payments
not described in lines 5 and 6? If 'Yes," describe in Part III 7
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,' describe in Part Ill .8
9 If 'Yes' to line 8, did the organization also follow the rebuttable presumption procedure described in
LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule J (Form 990) 2013
Xx
—jXX
—JX
X
33211109-13-13
Schedule J (Form 990) 2013 THE DOE FUND, INC. 13-3412540 Page 2
Part II I Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the instructions, on row (i.Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(-(ii)l for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1 a, applicable column (D) and (E) amounts for that individual.
(B) Breakdown of W.2 and/or 1099 .MISC compensation (C) Retirement and (D) Nontaxable (E) Total of columns (F) Compensationother deferred benefits (B)(-(D) reported as deferred
(I) Base (ii) Bonus & (iii) Other compensation in prior Form 990(A) Name and Title compensation incentive reportablecompensation compensation
(1) GEORGE T. MCDONALD ij 565,805. 0. 0. 0. 9,916. 575,721. 0.PRESIDENT a 0. 0. 0. 0. 0. 0. 0.(2) HARRIET KARR-MCDONALD (I) 297,294. 0. 0. 0. 9,753. 307,047. 0.EXECUTIVE VICE PRESIDENT (ii) 0. 0 . 0. 0. 0. 0. 0.(3) JOHNHCDONALD W 266,318. 0. 0. 0. 17,319. 283,637. 0.CHIEF OPERATING OFFICER 0. 0. 0. 0. 0. 0. 0.(4) DENNIS PIERVICENTI (i) 185,000. 0. 0. 0. 1,037. 186,037. 0.DIRECTOR OPERATIONS In0. 0. 0. 0. 0. 0. 0.(5) KENISEETWARU 143,576. 0. 0. 0. 15,097. 158,673. 0.DIRECTOR OF HUMAN RESOURCE (jj 0. 0. 0. 0. 0. 0. 0.(6) NANCY OLECKI (i) 142,390. 0. 0.1 0.1 25,827.1 168,217. 0.DIRECTOR - DEVELOPMENT lin 1 0. 0. 0.1 0.1 0.1 0.1 0.
Schedule J (Form 990) 201333211209-13-13
Schedule J (Form 990) 2013 THE DOE FUND, INC. 13-3412540 Page 3Part Ill I Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1 a, 1 b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Schedule J (Form 990) 2013
33211309-13-13
SCHEDULE L I Transactions With Interested Persons(Form 990 or 990-EZ) I Complete if the organization answered Yes on Form 990, Part IV, line 25a, 25b, 26,27,28a,
28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
Department of the TreasuryI Attach to Form 990 or Form 990-EZ. See separate instructions.
Internal Revenue Service OP. Information about Schedule L (Form 990 or 990-EZ) and its instructions is at wwwi.9ov1form990.
Name of the orqaniz
THE DOE FUND, INC.
OMB No. 1545-0047
Open To PublicInspection
Employer identification number
13-3412540
Complete if the organi
1 (a) Name of disqualified person
CtIOflS (section 501 (c)(3) and section 501 (c)(4) organizations only).
answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line(b) Relationship between disqualified I
person and organization (c) Description of transactionCorrected?
2 Enter the amount of tax incurred by the organization managers or disqualified persons during the year under
section4958 ............................................................ $
3 Enter the amount of tax, if any, online 2, above, reimbursed by the organization $
Part II Loans to and/or From Interested Persons.Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a or Form 990, Part IV, line 26; or if the organizationreported an amount on Form 990, Part X, line 5, 6, or 22.
kh) Approveol(a) Name of I(b) Relationship I (c) Purpose 1(d) Loan to or I (e) Original I (f) Balance due I (g) In I by board or I (i) Writtenfrom theI I
interested person with organization of loan organization? amountamount default? committee? agreement?
I To IFromi I IYesI No lYesI No Ivesi No
urants or ASSistanceComplete if the organization
(a) Name of interested personanswered "Yes' on Form 99(
(b) Relationship betweeninterested person and
the organization
Part IV, line 27.(c) Amount of
assistance(d) Type of (e) Purpose ofassistance I assistance
LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule L (Form 990 or 990-EZ) 2013
33213109-25-13
Schedule L (Form 9900r99O-EZ)2013 THE DOE FUND, INC. 13-3412540 Paqe2
Part IV I
Business Transactions Involving Interested Persons.Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested (c) Amount of (d) Description of
i person and the organization i transaction transactionI revenues?
II I Yes No
GEORGE MCDONALD PRESIDENT OF THE DOl 174,493 .IL1ESSOR OF I
X
I Part V] Supplemental InformationProvide additional information for responses to questions on Schedule L (see instructions).
SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:
A) MANE OF PERSON: GEORGE MCDONALD
B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:
PRESIDENT OF THE DOE FUND, INC.
(C) AMOUNT OF TRANSACTION $ 174,493.
D) DESCRIPTION OF TRANSACTION: LESSOR OF OFFICE SPACE INCLUDING
ELECTRICITY TO THE ORGANIZATION
E) SHARING OF ORGANIZATION REVENUES? = NO
Schedule L (Form 990 or 990-EZ) 201333213209-25-13
SCHEDULE M(Form 990)
Department of the TreasuryInternal Revenue Service
Name of the oroanizi
Noncash Contributions OMB No. 1545-0047
Complete if the organizations answered 'Yes on Form 990, Part IV, tines 29 or 30.
Attach to Form 990. Open to Public
" Information about Schedule M (Form 990) and its instructions is at ,,-. Inspection
Employer identification number
THE DOE FUND, INC. 13-3412540
(a) (b) (C) (d)Check if Number of Nortcash contribution Method of determining
applicable I contributions or I amounts reported on I noncash contribution amounts
Art - Works of artArt - Historical treasures
Art - Fractional interests
Books and publications
Clothing and household goods .X 87,798.Cars and other vehiclesBoats and planes Intellectual property
Securities - Publicly traded
Securities - Closely held stock
Securities - Partnership, LLC, or
trust interestsSecurities - MiscellaneousQualified conservation contribution -Historic structures
Qualified conservation contribution - Other
Real estate - Residential
Real estate - CommercialReal estate - OtherCollectiblesFood inventory
Drugs and medical supplies
Taxidermy
Historical artifactsScientific specimens Archeological artifacts
Other 01Other 101Other 01Other 110Number of Forms 8283 received by the organization during the tax year for contributionsfor which the organization completed Form 8283, Part IV, Donee Acknowledgement .29
12
3
4
5
6789
10
11
1213
14
15
161718
19
20
21
22232425
26
27
2829
IMATE S
Yes No
---430a X
31 X
32a X
30a During the year, did the organization receive by contribution any property reported in Part I, lines 1 -28, that it must hold for
at least three years from the date of the initial contribution, and which is not required to be used for exempt purposes for
the entire holding period? .....
b If 'Yes, describe the arrangement in Part II.31 Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
32a Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions?
b If 'Yes,' describe in Part II.
33 If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part ll. -LI-IA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule M (Form 990) (2013)
33214109-03-13
Schedule M (Form 99O)(2013) THE DOE FUND, INC. 133412540 Page
Part II Supplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organizationis reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also completethis part for any additional information.
332142 09-03-13 Schedule M (Form 990) (2013)
4 p
SCHEDULE 0(Form 990 or 990-EZ)
Department of the TreasuryInternal Revenue Service
Name of the organization
OMB No. 1545-0047
2013Supplemental Information to Form 990 or 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.
Employer identification numberTHE DOE FUND, INC. 13-3412540
FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
DEVELOP HOUSING FOR LOW AND MODERATE INCOME PERSONS.
FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:
CITY IN 50 YEARS AS WELL AS THE CONCEPTUALIZATION, DEVELOPMENT,
CONSTRUCTION AND SUBSEQUENT MANAGEMENT OF THE PETER JAY SHARP CENTER
FOR OPPORTUNITY, A 400—BED STATE—OF—THE—ART HOMELESS FACILITY THAT HAS
REDEFINED HOMELESS SERVICES IN NEW YORK CITY. WITH VARIOUS
REVENUE—GENERATING MICRO—BUSINESSES, INCLUDING A PEST EXTERMINATION
COMPANY AND A DIRECT MAIL FULFILLMENT HOUSE, THE DOE FUND IS ON THE
FOREFRONT OF SOCIAL ENTREPRENEURSHIP, DIVERSIFYING ITS FUNDING SOURCES
WHILE SIMULTANEOUSLY PROVIDING INDUSTRY—SPECIFIC TRAINING OPPORTUNITIES
FOR ITS PROGRAMS'PARTICIPANTS.
FORM 990, PART VI, SECTION A, LINE 2:
GEORGE T. MCDONALD IS THE PRESIDENT OF THE DOE FUND, INC.
HARRIET KARR MCDONALD IS THE EXECUTIVE VICE PRESIDENT OF THE DOE FUND, INC.
JOHN MCDONALD IS THE CHIEF OPERATING/FINANCIAL OFFICER OF THE DOE FUND,
INC. GEORGE T. MCDONAL,D AND HARRIET KARR MCDONALD ARE HUSBAND AND WIFE.
JOHN MCDONALD IS THE SON AND STEP—SON OF GEORGE T. MCDONALD AND HARRIET
KARR MCDONALD, RESPECTIVELY.
FORM 990, PART VI, SECTION A, LINE 6:
FOR A LIST OF MEMBERS PLEASE REFER TO PART VII
FORM 990, PART VI, SECTION B, LINE 11:LI-IA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule 0 (Form 990 or 990-EZ) (2013)33221109-04-13
Schedule 0 (Form 990 or 990-EZ) (2013)
Name of the organizationTHE DOE FUND, INC.
Page 2
Employer identification numberI _A1 ')[;AO
I
THE CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER AND CHIEF
EXECUTIVE OFFICER REVIEW THE VARIOUS IRS FORM 990S FOR THE ORGANIZATION.
THEY ARE THEN PASSED ONTO CHAIRMAN OF FINANCE COMMITTEE FOR REVIEW AND
RATIFIED BY THE CHAIRMAN OF THE BOARD AT THE BOARD MEETING.
FORM 990, PART VI, SECTION B, LINE 12C:
AN ANNUAL EMAIL IS FORWARDED TO ALL DOE FUND EMPLOYEES ASKING
THAT ANY "CONFLICTS" BE DISCLOSED IMMEDIATELY TO HUMAN RESOURCES AND ALSO
REMINDING THEM TO ADHERE TO POLICY. FOR MONITORING PURPOSES ALL STAFF ARE
ASKED TO BE COGNIZANT OF SUCH ACTIVITY AND TO BE GIVEN THE OPPORTUNITY TO
REPORT A CONFLICT ANONYMOUSLY TO HUMAN RESOURCES, SHOULD A PARTICULAR EVENT
ARISE. THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY AND SIGNED
BY THE OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES.
FORM 990, PART VI, SECTION B, LINE 15:
EVERY THREE YEARS, THE ORGANIZATION ENGAGES A FIRM WHICH
UTILIZES COMPARABILITY DATA AND SPECIALIZES IN EXECUTIVE COMPENSATION
MATTERS TO REVIEW THE COMPENSATION OF PRESIDENT, EXECUTIVE VICE PRESIDENT,
CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER. THE BOARD REVIEWS THE
REPORT PROVIDED BY THE FIRM AND SETS THE COMPENSATION FOR THESE OFFICERS
AND KEY EMPLOYEES IN AN EXECUTIVE SESSION OF A MEETING OF THE BOARD OF
DIRECTORS WHICH EXCLUDES ALL EMPLOYEES OF THE DOE FUND, INC.
FORM 990, PART VI, LINE 17, LIST OF STATES RECEIVING COPY OF FORM 990:
NY,PA,AZ,MA,OH,CT,CA,FL,GA, IL,ME,MI,MN,NH,NJ,NM,NC,OR,RI,SC,VA,WA
FORM 990, PART VI, SECTION C, LINE 19:
THE COMPANY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF09-04-13 Schedule 0 (Form 990 or 990-EZ) (2013)
Schedule 0 (Form 990 or
Pacie 2
Name of the organization
Employer identification numberTHE DOE FUND, INC. 13-3412540
INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 2
FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT
ACCOUNTANT: THIS ORGANIZATION SHARES A COMMON BOARD OF DIRECTORS WITH
THE DOE FUND, INC. AND OTHER RELATED ORGANIZATIONS. AS SUCH, THE
FINANCIAL INFORMATION OF THIS ORGANIZATION IS INCLUDED IN THE COMBINED
FINANCIAL STATEMENTS OF THE DOE FUND, INC. AND AFFILIATES WHICH ARE
AUDITED ANNUALLY BY AN INDEPENDENT ACCOUNTANT. AN AUDIT COMMITTEE
ASSUMES RESPONSIBILITY AND OVERSIGHT OF THE AUDIT OF THE COMBINED
FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE
DOE FUND, INC. AND AFFILIATES RECEIVED FEDERAL AWARDS AND WAS REQUIRED
TO UNDERGO AN AUDIT IN ACCORDANCE WITH THE SINGLE AUDIT ACT AND OMB
CIRCULAR A-133. THE FINANCIAL STATEMENTS OF THE DOE FUND, INC. AND
AFFILIATES WERE AUDITED IN ACCORDANCE WITH THESE REQUIREMENTS. THERE
HAS BEEN NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR.
FORM 990, PART XI, LINE 2C
THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT
OF THE AUDIT: NO CHANGE FROM PRIOR YEAR.
FORM 990. PART IX. LINE 7
SALARIES PAID FOR RELATED ORGANIZATIONS: THE DOE FUND,
INC. ACTS AS A COMMON PAYMASTER FOR THIS AND OTHER RELATED
ORGANIZATIONS.
33221209-04-13 Schedule 0 (Form 990 or 990-EZ) (2013)
YORK
YORK
YORK
YORK
/A
/A
/A
/A
x
X
X
I IXSchedule R (Form 990) 2013
01(C) (3)
01(C) (3)
01(C) (3)
01(C) (3)
SCHEDULER(Form 990)
Department of the TreasuryInternal Revenue Service
Name of the organization
Related Organizations and Unrelated Partnerships10-Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990. See separate instructions.
boo-information about Schedule R (Form 990) and its instructions is at rir)I,/fr,rmGQfl
THE DOE FUND, INC.
2013"10peift6 Pibll
Inspection
Employer identification number13-3412540
rpartiT Identification of Disregarded Entities Complete if the organization answered "Yes on Form 990, Part IV, line 33.
(a) (b) (c) (d) (e) (f)
Name, address, and EIN (if applicable) Primary activity Legal domicile (state or Total income End-of-year assets Direct controllingof disregarded entity foreign country) entity
IRON HORSE MANAGERS LLC - 05-0567718
232 EAST 84TH STREET t4ANAGEMENT OF AFFORDABLE
NEW YORK, NY 10028 HOUSING FEW YORK THE DOE FUND, INC.
PEST AT REST LLC - 73-1687383
232 EAST 84TH STREET EXTERMINATING WORK TRAINING
NEW YORK, NY 10028 PROGRAM TEN YORK THE DOE FUND, INC.
55 CLINTON PLACE, LLC - 13-3645176
232 EAST 84TH STREET hFFORDABLE HOUSING REAL
NEW YORK, NY 10028 ESTATE DEVELOPMENT NEW YORK THE DOE FUND, INC.
SUMMIT AVENUE CENTER FOR OPPORTUNITY, LLC -
26-0238368, 232 EAST 84TH STREET, NEW YORK, FFORDABLE HOUSING REAL
NY 10028 ISTATE DEVELOPMENT TEN YORK 'HE DOE FUND, INC.
Part IIIdentification of Related Tax-Exempt Organizations Complete if the organization answered "Yes' on Form 990, Part IV, line 34 because it had one or more related tax-exemptorganizations during the tax year.
(a) (b) (c) (d) (e) (f) (9Section s 2(bXl3)
Name, address, and EIN Primary activity Legal domicile (state or Exempt Code Public charity Direct controlling controlled
of related organization foreign country) section status (if section entity entity?
501(c)(3)) Yes I NoBACK OFFICE OF NEW YORK,INC - 13-3998488 TO PROVIDE WORK AND
C/O 232 EAST 84TH STREET TRAINING SERVICES TO
NEW YORK, NY 10028 HOMELESS INDIVIDUALS
READY,WILLING,& ABLE,INC. - 13-3607921 JOB TRAINING AND
C/O 232 EAST 84TH STREET hCCOMODATION FOR HOMELESS
NEW YORK, NY 10028 hND INDIGENT
A BETTER PLACE HDFC - 13-3645176
C/O 232 EAST 84TH STREET PERMANENT HOUSING FOR
NEW YORK, NY 10028 HOMELESS PERSONS
PORTER AVENUE HDFC - 13-4178045
C/O 232 EAST 84TH STREET SSISTANCE TO INDIGENT
NEW YORK, NY 10028 ?EOPLE
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
33216109-12-13 LHA
Schedule R (Form 99O) THE DOE FUND, INC. 13-3412540
EEOI I Continuation of Identification of Disregarded Entities
(a) (b) (c) (d) (e) (f)
Name, address, and EIN Primary activity Legal domicile (state or Total income End-of-year assets Direct controllingof disregarded entity foreign country) entity
TDF 170TH STREET, LLC - 26-1437972
232 EAST 84TH STREET INTEREST IN PROVIDING
NEW YORK, NY 10028 AFFORDABLE HOUSING TEW YORK rHE DOE FUND, INC.
TDF TIFFANY STREET LLC - 26-1438318
232 EAST 84TH STREET INTEREST IN PROVIDING
NEW YORK, NY 10028 AFFORDABLE HOUSING TEW YORK HE DOE FUND, INC.
TDF E. 148TH STREET LLC - 26-1569770
232 EAST 84TH STREET INTEREST IN PROVIDING
NEW YORK, NY 10028 AFFORDABLE HOUSING TEW YORK HE DOE FUND, INC.
TDF BRUCKNER LLC - 26-2694001
232 EAST 84TH STREET
NEW YORK, NY 10028
700 GERARD LLC - 26-3935526
232 EAST 84TH STREET
NEW YORK, NY 10028
PEST@REST NEWARK, LLC - 27-3279633
232 EAST 84TH STREET
NEW YORK, NY 10028
SUGAR HILL APARTMENTS LLC - 47-1669916
232 EAST 84TH STREET
NEW YORK, NY 10028
ST IN PROVIDING
ABLE HOUSING
ABLE HOUSING REAL
DEVELOPMENT
INATING WORK TRAINING
IN PROVIDING
E HOUSING
YORK
DOE FUND. INC.
YORK
DOE FUND INC.
YORK
DOE FUND. INC.
YORK
1'HE DOE FUND, INC.
33222105-01-13
fr
Schedule R (Form 99O) THE DOE FUND, INC. 13-3412540
EEOII I Continuation of Identification of Related Tax-Exempt Organizations
(a) (b) (c) (d) (e) (f) (9Section o 2(bXl3)
Name, address, and EIN Primary activity Legal domicile (state or Exempt Code Public charity Direct controlling controlled
of related organization foreign country) section status (if Section entity organization?
501(c)(3)) Yes No
GATES AVENUE HDFC - 13-3550051 TO PROVIDE HOUSING
C/O 232 EAST 84TH STREET PkCCOMODATIONS TO HOMELESS
NEW YORK, NY 10028 PEOPLE NEW YORK 01(C)(3) 9 1/A XNO.1 SINGLE ROOM OCCUPA.DEV. FUND CORP. - PROVIDE SINGLE ROOM
13-3906301, C/0 232 EAST 84TH STREET, NEW OCCUPANCY TO INDIGENT AND
YORK, NY 10028 HOMELESS INDIVIDUALS NEW YORK 01(C)(3) 7 1/A XGREENE QUINCY HDFC - 13-4018779 TO PROVIDE HOUSING -
C/O 232 EAST 84TH STREET ACCOMODATIONS TO HOMELESS
NEW YORK, NY 10028 PEOPLE NEW YORK 01(C)(3) 7 1/A X
NUMBER 1 SINGLE ROOM OCCUPANCY HDFC - PROVIDE SINGLE ROOM
13-3906301, C/O 232 EAST 84TH STREET, NEW OCCUPANCY TO INDIGENT AND
YORK, NY 10028 HOMELESS INDIVIDUALS NEW YORK 01(C)(3) I 1/A X
READY, WILLING, & ABLE AMERICA, INC. - 0 PROVIDE HOUSING
27-1780905, C/O 232 EAST 84TH STREET, NEW hCCOMODATIONS TO HOMELESS
YORK, NY 10028 PEOPLE NEW YORK 01(C)(3) I IA XREADY,WILLING, & ABLE PHILADELPHIA, INC - JOB TRAINING AND
26-2150260, C/O 232 EAST 84TH STREET, NEW TRANSITIONAL HOUSING FOR
YORK, NY 10028 HOMELESS AND INDIGENT PENNSYLVANIA 01(C)(3) / IA X
WEBSTER GREEN HDFC - 46-2713525 TO PROVIDE AFFORDABLE
C/O 232 EAST 84TH STREET HOUSING ACCOMODATIONS TO
NEW YORK, NY 10028 PERSONS OF LOW INCOME NEW YORK 01(C)(3) 9 q/A X
CROTONA PARK HDFC - 46-3467100 TO PROVIDE AFFORDABLE
C/a 232 EAST 84TH STREET HOUSING ACCOMODATIONS TO
NEW YORK, NY 10028 PERSONS OF LOW INCOME NEW YORK 01(C)(3) 9 I/A XROGERS AVENUE HDFC - 46-3810587 TO PROVIDE AFFORDABLE
C/O 232 EAST 84TH STREET HOUSING ACCOMODATIONS TO
NEW YORK, NY 10028 PERSONS OF LOW INCOME NEW YORK 01(C)(3) 9 i/A XUNITED SERVICES HDFC - 47-1779009 TO PROVIDE AFFORDABLE
CIO 232 EAST 84TH STREET HOUSING ACCOMODATIONS TO
NEW YORK, NY 10028 PERSONS OF LOW INCOME NEW YORK 01(C)(3) 9 I/A - X
33222205-01-13
BETTER PLACE
NY HDFC CORP
ROTONA PARK
NY INC CORP
ROTONA PARK
NY HDFC CORP
THE DOE FUND,
NY INC. CORP
NUMBER ONE
ROOM
NY
^INGLE
CCUPAMCEY CORP
ING DEVELOPMENT
ESTATE
X
X
X
X
IxSchedule R (Form 990) 2013
Schedule R (Form 99O)2013 THE DOE FUND, INC. 13-3412540 Page
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered 'Yes" on Form 990, Part IV, line 34 because it had one or more relatedi art organizations treated as a partnership during the tax year.
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k)
Name, address, and EIN Primary activity Legal Direct controlling Predominant income Share of total Share of Dispropodionate Code V-UBI General or Percentagedomicile
of related organization (state or entity (related, unrelated income end-of-year allocallons?amount in boxof
ownershippartner?
foreign excluded from tax under assets 20 of Schedulecountry) sections 512-514) Yes I No M(Form 1065) ;;i-;
TDF 2000 PARTNERS L.P. - RENTAL REAL
13-4086717, C/O 232 EAST 84TH 'STATE-LOW
STREET, NEW YORK, NY 10028 INCOME HOUSING NY rDF 2000 CORP. RELATED N/ASTADIUM COURT ASSOCIATES LLC
- 02-0666150, C/O 232 EAST RENTAL REAL
84TH STREET, NEW YORK, NYESTATE-LOW IRON HORSE
10028 INCOME HOUSING NY 4AI'9AGERS LLC RELATED - N/A EAST 170TH STREET ASSOCIATES,
LP - 20-5968569, 155 AVENUE
OF THE AMERICAS, 3RD FLOOR, LOW INCOME CAST 170TH
NEW YORK, NY 10013 HOUSING NY STREET GP, LLC RELATED - C N/A
EAST 170TH STREET GP, LLC -
20-5968409, 155 AVENUE OF THE
AMERICAS, 3RD FLOOR, NEW LOW INCOME rDF 170TH
YORK, NY 10013 HOUSING NY STREET LLC LELATED - C I N/A -
Part IV Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered 'Yes" on Form 990, Part IV, line 34 because it had one or more relatedorganizations treated as a corporation or trust during the tax year.
(a) (b) (c) (d) (e) (f) (g) (h) (iSect on
Name, address, and EIN Primary activity Legal domicile Direct controlling Type of entity Share of total Share of Percentage 512(bX13)of related organization (state or entity (C corp, S corp income end-of-year ownership controlled
foreign or trust) assets entity?y 10
ABP EAST 136TH STREET CORP - 13-3858327
C/O 232 EAST 84TH STREET
NEW YORK, NY 10028
CROTONA PARK APARTMENTS LLC - 46-3237904
C/O 232 EAST 84TH STREET
NEW YORK, NY 10028
CROTONA PARK INC - 35-2484082
C/O 232 EAST 84TH STREET
NEW YORK, NY 10028
DOE 21ST 1H, LLC - 26-1433572
C/O 232 EAST 84TH STREET
NEW YORK, NY 10028
TDF 2000 CORP - 13-4086720
C/O 232 EAST 84TH STREET
NEW YORK. NY 10028
332162 09-12-13
INCOME
ING NY
INCOME
ING NY
INCOME
ING NY
INCOME
ING NY
FFANY STREET
LLC
F TIFFANY
REET LLC
F BRUCKNER
C
NAGER
UCKNERLLC
N/A
N/A
N/A
N/A
Schedule R (Form 99O) THE DOE FUND, INC. 13-3412540
F&;51111 Continuation of Identification of Related Organizations Taxable as a Partnership
(a) I (b) (c) I (d) (e) I (f) I (g) I (h) I (I) I (j) I (k)
Name, address, and EIN I Primary activity Legal ' Direct controlling I Predominant income I Share of total I Share of Disproportion- I Code V-UBI IGeneral oriPercentagedomicile
of related organization (state or I entity I (related, unrelated I income end-of-year ate aiocatons amount in box Immgl 9I ownership
foreign I lexcluded from tax under! I
assets I 20 of Schedule
country) I sections 512-514) I I Yes TN.No K-i (Form 1065) IYesINoj
TIFFANY STREET ASSOCIATES LP
- 26-0440185, 155 AVENUE OF
THE AMERICAS, 3RD FLOOR, NEW
YORK, NY 10013
TIFFANY STREET GP,LLC -
26-0440390, 155 AVENUE OF THE
AMERICAS, 3RD FLOOR, NEW
YORK, NY 10013
MANAGER BRUCKNER, LLC -
26-1648377, 155 AVENUE OF THE
AMERICAS, 3RD FLOOR, NEW
YORK, NY 10013
BRUCKNER BY THE BRIDGE, LLC -
26-2792005, 155 AVENUE OF THE
AMERICAS, 3RD FLOOR, NEW
YORK, NY 10013
33222305-01-13
Schedule R (Form 99O) THE DOE FUND, INC. 13-3412540
I Part IV Continuation of Identification of Related Organizations Taxable as a Corporation or Trust
(a) (b) (C) (d) (e) (f) (g) (h) (iSect on
Name, address, and EIN Primary activity Legal domicile Direct controlling Type of entity Share of total Share of Percentage 512(bX13)of related organization (state or entity (C corp, S corp, income end-of-year ownership controlled
foreign or trust) assetscountry) Yes NoTDF REAL ESTATE AND PROPERTY SERVICES, INC -26-1444489, C/O 232 EAST 84TH STREET, NEW THE DOE FUND,YORK, NY 10028 REAL ESTATE NY INC. CORP - XQUINCY-GREENE OWNERS LLC - 13-4018822C/O 232 EAST 84TH STREET 4REENE QUINCYNEW YORK, NY 10028 REAL ESTATE NY HDFC CORP - XROGERS APARTMENTS LLC - 46-3813391C/O 232 EAST 84TH STREET IROGERSNEW YORK, NY 10028 INVESTMENT NY WAGERS LLC CORP - XROGERS MANAGERS LLC - 46-3831903C/O 232 EAST 84TH STREET 1345 ROGERSNEW YORK, NY 10028 INVESTMENT NY 2ORP CORP X1345 ROGERS CORP - 46-3877950C/O 232 EAST 84TH STREET THE DOE FUND,NEW YORK, NY 10028 INVESTMENT NY :NC. CORP X21ST IH, LLC - 20-4036424C/O 232 EAST 84TH STREET)OE 21ST IHNEW YORK, NY 10028 )REAL ESTATE NY LC CORP X
33222405-01-13
Schedule R (Form 99O)2013 THE DOE FUND, INC. 13-3412540 Page
rti Transactions With Related Organizations Complete if the organization answered Yes' on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, Ill, or IV of this schedule. -1 During the tax year, did the organization engage in any of the following transactions with one or more related organizations listed in Parts H-IV?a Receipt of (I) interest (ii) annuities (iii) royalties or (iv) rent from a controlled entity ..........................................................
b Gift, grant, or capital contribution to related organization(s) ..........................................................................................................................
o Gift, grant, or capital contribution from related organization(s) ..................................................................................................
d Loans or loan guarantees to or for related organization(s) .............................................................................................
e Loans or loan guarantees by related organization(s) ................................................................................................................................ X
f Dividends from related organization(s) .............................................................................................................................. X.
g Sale of assets to related organization(s) ........................................................................................................................................
h Purchase of assets from related organization(s) ..........................................................................................................................................
i Exchange of assets with related organization(s) ...............................................................................................................................................
j Lease of facilities, equipment, or other assets to related organization(s) ............................................................................... X
k Lease of facilities, equipment, or other assets from related organization(s) .......................................... X
I Performance of services or membership or fundraising solicitations for related organization(s) .....................................
m Performance of services or membership or fundraising solicitations by related organization(s) ....n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) .................
o Sharing of paid employees with related organization(s) .....................................................................................
p Reimbursement paid to related organization(s) for expenses .................................................................. X
q Reimbursement paid by related organization(s) for expenses ..................................................................................
r Other transfer of cash or property to related organization(s)s Other transfer of cash or property from related organization(s)
2 If the answer to any of the above is Yes, see the instructions for information on who must complE
(a) (b)Name of related organization Transaction
type (a-s)
FIqne, including covered relationships and transaction thresholds.
(c) (d)Amount involved Method of determining amount involved
332163 09-12-13 Schedule R (Form 990) 2013
Schedule R (Form g9O)2013 THE DOE FUND, INC. 13-3412540 Page
[P 111 Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue)that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
Schedule R (Form 990) 2013
33216409-12-13
Schedule R (Form 99O)2013 THE DOE FUND, INC. 13-3412540 Page5
Part VII I Supplemental InformationProvide additional information for responses to questions on Schedule R (see instructions).
332165 09-12-13 Schedule R (Form 990) 2013
p I
THE DOE FUND, INC. AND AFFILIATESCombined Financial StatementsJune 30, 2014 and 2013
THE DOE FUND, INC. AND AFFILIATES
Table of ContentsJune 30, 2014 and 2013
PAGE
INDEPENDENT AUDITORS' REPORT ............................................................................1-2
COMBINED FINANCIAL STATEMENTS
Statements of Financial Position................................................................................................3
Statements of Activities..............................................................................................................4
Statementsof Cash Flows .....................................................................................................5-6
Statements of Functional Expenses.......................................................................................7-8
NOTES TO COMBINED FiNANctAL STATEMENTS ........................................................ 9-31
INDEPENDENT AUDITORS' REPORT ON SUPPLEMENTARY INFORMATION........................... 32
COMBINING AND COMBINED SUPPLEMENTARY INFORMATION
Statements of Financial Position 1 33
Statements of Financial Position for The Doe Fund 1 34
Statements of Financial Position for Ready, Willing & Able, Inc ............................................35
Statements of Financial Position for A Better Place HDFC ....................................................36
Statements of Revenue and Expenses 2 37-38
Statements of Revenue and Expenses - Detailed ...........................................................39-40
Statements of Revenue and Expenses for The Doe Fund .............................................. 41-42
Statements of Revenue and Expenses for Ready, Willing & Able, Inc. 3 ........................... 43-44
Statements of Revenue and Expenses for A Better Place HDFC 3 ................................... 45-46
1, June 30, 2014 (with comparative totals for June 30, 2013).2. For the years ended June 30, 2014 and 2013.3. For the year ended June 30, 2014 (with comparative totals for June 30, 2013).
0. LLP
1E75 Efroadway, 15th FloorNevi York New York 10013212.944.4433212.944.5404 (faxjcpaRrém-co.com
CERTIFIED PUBUC ACCOUNTANTS & ADVISORS omces Içq'ig Istanti &NewJ
INDEPENDENT AUDITORS' REPORT
Board Of DirectotsThe Doe. Fund, Inc, and AfflhiatesNew York, NeW York
We hava . äuditëd the accbmpapyig co.mjinedstatemei fs pfftnanclal pition of The Doe. Fund, Inc. and Affiliates(the "Corporation) a not-for-profit organization as of June 30, 2014 and 2013 and the related combinedsta.tenieats of ?9tivifiesi cash 'flows, and functional expanses for the years then. ended, and the related notes to thecombTnd financial staternants.
Managemenkt sResponsibflity for the FiAáncial Statements.
Mangement is responsiblefor the preparation and fair prepfation of these combined: finàñcial tatemerit& irtaccordañcè with accounting pi*ciples generally accepted in the Unitd Slates of America; this includes thedesign implementation, and maintenance of internal control relevant to the preparatIon and fair presentation ofcombined financial statements that are free from material misstatement,* whether due to fraUd or aror
Auditors' Responsibility
Offr respcinsibiiity' is to exptess art opinion on these combThec financial statements based on. our audits. Weconducted our audits in accordance With auditing standards eneraUy accpted in the UriIteçl States of America.Those standards- require that we plan and perform the audit to obtaih reasonable assurance about whether thecombined financial qtptqmqnt9 ore frae from material misstatement.
Ari e.ildit invOlVes . performing pr.Qcedu.res to obtain dit evidence about the, amounts and di lorè in thecombined financial stateblants. The procedures selected depend on the atditor's. judgment, including theassessment of the risks' of material misstatement of the criibihed finaicfal statements, whether due to frud orerror. In making those risic assessments, the auditor considers internal control relevant to the entity 1s preparationand fair presentation of the combined financial statements in order to design audit procedures that are appropriatein the circumstances, but not for the purpose of expressing an opinion on the effèctivenèss of the ntity internalboritrol. Acpordingly, we express no such bpinin. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of significant accounting estimates made by management asWa l l as evaluating 'the 9verall presentation of the combined financial statements.
We believe that the aUdit evidence we have obtained ' is sufficient 'appropriate to provide' a basis for our audit'bpinibp.
PrimeGlobal An Association independentAccL Ung Firms
RAI C FLENDE flMALTho. L L PCERTIFIED PURLICACCQUNTANTS & ADVISORS
Opinion
In ouropinion, the combiped financial statements referred to above preent fairly, in all matriál respects; thefinaflial position of The Doe F'und Inc.and Affiliates as of June 30, 2014 and 2013, and the changes in their net
- assets and their cash fIdW8 for the years then ended, in accordance with accounting prjnciples generally acceptedjn the UnitedStates of America.
/ aRICH NDE MALTER & CO.. LLPNew. York New YqrlcFebruary, 2', 2015
980,296149,934315,384371,567455,247249,048
34,366,588
96,15472,292
306,127417,242436,622327,227
28,555,325250,000
24,221,154
ReceivablesDue from affiliatesRestricted and funded reservesDepositsDeferred mortgage interestDeferred mortgage costsNet property assetsLoans receivable, netInvestments in land
$ 1,055,175
4,820,06620,921
624,93010,257
32,132
6,563,481
808,19030,026,118
37,397,789
$ 887,3271,500,0004,273,930
28,689643,979
9,5856,102
32,132122,329
7,504,073
860,59524,770,62323,498,94856,634,239
THE DOE FUND, INC. AND AFFILIATES
Combined Statements of Financial Position
ASSETS
Current AssetsCash and cash equivalentsReceivables, netInvestmentsPrepaid expenses - ------Other receivablesAccrued interest receivable
June 30,,2014 2013
$ 528,907 $ 483,876
7,586,494 5,559,374
13,162 13,079- 107,907 -- _287,096__ --
158,380 54,218
- 1,085,076
8,394,850 7,482,719
$ 45,282,914 $ 62,164,862
LIABILITIESCurrent Liabilities
Current maturities of long-term debtLine of creditAccounts payable and accrued expensesPayroll taxes payableTrainee savings payableRefundable advancesDeferred revenueDeposit payableCurrent portion of deferred rent from land leases
Deferred rent and lease incentivesLong-term debt, net of current maturitiesDeferred rent from land leases
Commitments and Contingencies
Net AssetsUnrestrictedTemporarily restricted
3,816,097 3,293,094
4,069,028 2,237,529
7,885,125 5,530,623
$ 45,282,914 $ 62,164,862
See notes to combined financial statements. 3
1,694(77,708)
71.35940,660,999
5,562,06748,223,068
19,733,03118,419,050
5,229,5552,295,147
45,876,793
23,270
523,003
3,293,094
$ 3,816,097
7,790,296(5,582,067)2,228,229
398,730
1,831,499
2,237,529
$ 4,069,028
1,694
(4,641)
(77,708)
185,404397,129
(397,932)434,295
71,359
122,329
48,451,295
41,049,7364,262,560
48,451,295
45,312,296
19,733,031 19,323,173
18,419,050 18,847,879
5,229,565 5,390,028
2,295,147 2,382,328
45,876,793 45,743,408
420,000 -
2,354,502 (431,112)
5,530,623 3,724,206
$ 7,885,125 $ 3,293,094
1,898,507(4,262,560)(2,364,053)
875,000
(3,039,053)
5,276,582
$ 2,237,529
(4,641)185,404397,129
(397,932)434,295122,329
42,948,243
42,948,243
19,323,17318,847,879
5,390,0282,382,328
45,743,408
675,000
(3,470,165)
9,000,788
$ 5,530,623
THE DOE FUND, INC. AND AFFILIATES
Combined Statements ofActivities
For the Years Ended June 30,
2014 2013
Temporarily Temporarily
Unrestricted Restricted Total Unrestricted Restricted Total
Support and RevenueDonations $ 5,641,521 $ 7,480,296 $ 13,121,817 $ 7,896,745 $ - $ 7,896,745
Corporate and foundation grants 1,294,124 310,000 1,604,124 746,151 1,898,507 2,644,658
Contracts 19,852,068 - 19,852,0613 18,008,915 - 18,008,915
Government grants 5,082,423 - 5,082,423 5,495,234 - 5,495,234
Management fees 162,628 - 162,626 200,399 - 200,399
Special events 1.697,039 - 1,697,039 1,709,936 - 1,709,936
Direct benefit expense (353,380) - (353,380) (434,354) - (434,354)
Other earned revenue 4,763,880 - 4,763,880 4,459,146 - 4,459,146
Room and board 2,457,082 - 2,457,082 2,195,944 - 2,195,944
In-kind revenue 87,798 - 87,798 34,404 - 34,404
Interest and investment income - A73 e' -
Realized and unrealized gain (loss)Realized (loss) gain on disposition of assetsRevenue from the sale of 421-a CertificatesBed debt expense from the sale of 421-a CertificatesInterest Income from certificate loansAmortization of deferred rent from land leases
Net assets released from restrictions
ExpensesProgram services:
Residential and social servicesWork and training
Supporting services:Management and generalFundraising
Other ExpensesBed debt expense from uncoliectibie promises
Decrease (lncreese) In Net Assets
Net Assets - beginning
Net Assets - end
See notes to combined financial statements. 1 4
THE DOE FUND. INC. AND AFFILIATES
Combined Statements of Cash Flows
For the Years EndedJune 30,
2014 2013
Cash Flows from Operating ActivitiesIncrease (decrease) in net assetsAdjustments to reconcile increase (decrease) in net assets
to net cash provided by operating activities:Depreciation and amortizationDeferred revenueDeferred rent and lease incentivesFairmarket value of donated securitiesRealized (gain) loss on sale of securitiesUnrealized gain on investment securitiesBad debt expenseAmortization of discount on contributions receivableBad debt - 421-a CertificatesInterest income from certificate loansLoss on sale of 421-a CertificatesAmortization of deferred rent from land leases(Increase) decrease in operating assets:
ReceivablesPrepaid expensesDue from affiliatesDeposits
Increase (decrease) in operating liabilities:Accounts payable and accrued expensesPayroll taxes payableDeposits payableTrainee savings payableRefundable advances
Net cash provided by operating activities
Cash Flows from Investing ActivitiesProceeds from the sale of investment securitiesPurchase of investment securitiesPurphase of property assetsDisposal of property assetsFunding of restricted and funded reservesProceeds from the sale of 421-a Certificates
Net cash used in investing activities
Cash Flows from Financing ActivitiesProceeds from notes, loans and mortgagesRepayments of notes, loans and mortgagesDeferred mortgage costs
Net cash provided by financing activities
Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents - beginning
Cash and Cash Equivalents - end
Continued
$ 2,354,502 $ (3,470,165)
- —1,586,931 -- _- —1,627,307-
(6,102) 350
(52,405) (32,469)
55,064 145,593
(1,640) 4,737
(54) (96)
682,959 848,732
19,704 3,409
- 397,932
- (434,295)
71,316 -
51,013 (122,329)
(3,718,087) 1,730,181
179,189 86,593
(77,642) (134,306)
45,675 (45,901)
546,136 1,468,673
(7,768) 6,962
- (14,518)
(19,049) (188,065)
672 3,870
1,710,414 1,882,195
54,863 140,855
(108,316) (291,218)
(7,412,159) (6,306,680)
28,385 318,588
(9,257) (306,127)
1,934,953 -
(5,511,531) (6,444,562)
5,423,343 11,905,063
(1640,954) (7,796,447)
63,759 (63,759)
3,846,148 4,044,857
45,031 (517,530)
483,876 1,001,406
$ 528,907 $ 483,876
See notes to combined financial statements. 5
THE DOE FUND, INC. AND AFFILIATES
Combined Statements of Cash Flows (Continued)
Supplemental Disclosure of Cash Flows InformationCash paid for interest
- --- Non-Cash Investing and Financing Activities
Deferred interest:Increase in deferred mortgage interestIncrease in mortgage payable
Cash paid for deferred interest
Acquisition of program vehicle:Cost of vehicleLoan for vehicle
Cash paid for vehicle
Loan proceeds from the sale of 421-a Certificates:Increase in receivable from the sale of 421-a Certificates
Increase in loans receivable
Cash received from the sale of 421-a Certificates
Acquisition of A Better Place HDFC:
A Better Place HDFC Acquisition
Investment in Limited Partnership
For the Years EndedJune 30,
2014 2013
$ 1,140,349 $ 1,013,368
$ 18,625 $ 18,625
(18,625) (18,625)
$ - $
$ 240,531 $ 283,435
(240,531) (283,435)
$ - $
$ - $ 1,080,000
- (1,080,000)
$ - $
$ - $ (70,000)
- 70,000
$ - $
See notes to combined financial statements. 6
THE DOE FUND, INC.AND AFFILIATESCombined Statement of Fun ctlonai ExpensesFor the Year Ended June 30, 2014
Program Services Supporting Services
Residential Total
andSociai Work and Total Program Management SupportingServices Training Services and General Fundralsing Services Total for 2014
Operating ExpensesSalaries and Incentives $ 8,227,810 $ 12,085,246 $ 20,313,056 $ 2,643,228 $ 1338,899 $ 3,982,127 $ 24,295,183
Payroll taxes and benefits 2,587,978 1,997,303 4,585,281 488,918 256,254 745,172 5,330,453
10,815,788 14,082,549 24,898,337 3,132,146 1,595,153 4,727,299 29,625,636
254,2512,336,698
351,13174,441
2,730,55443,19865,787(1,807)
778,9111,048,728
51458,273
1,18987,798
18,645,3401,087,691
$ 19.733.031
48,678304,368308,784
38,7881,540,453
131,84614,504
1,086,910344,950
43,23887
204,888
18,149,84;269,209
$ 18,419,050
302,9292,841,066
659,915113,229
4,271.007175,042
80,2711,085,0031,123,8611,091,984
601262,859
1,19987,798
36,795,1811,358,900
$ 38,152,081
635,675456,012453,514
98,56413,6768,208
33,87138,34425,89785,54463,191
2,624
5,047,286182,299
$ 5,229.565
96,2995,388
504,9714,589
9,951
31,064
2,247,41547,732
$ 2,295,147
731,974461,400958,485103,153
13,8788,208
43,82238,34425,897
118,60883,191
2,624
7.294,68;230,031
$ 7,524,712
1,034,9033,102,4661,618,400
216,3824,284,683
183,250124,093
1,123,3471,149,7581,208,572
63,792262,959
3,82387,798
44,089,8621,588.931
$ 45,676,793
Legal, professional and management feesOccupancy costsOffice expensesTravel and meetingsClient servicesEquipment, furniture, and vehicle purchasesEquipment maintenance and repairsVehicles and transportationAid to clientsFinancing expensesInsurance and taxesBad debt expenseMiscellaneousin-kind goods
Depreciation and amortization
See notes to combined financial statements. i 7
THE DOE FUND, INC. AND AFFILIATESCombined Statement of Functional ExpensesFor the Year Ended June 30, 2013 I
Program Services Supporting Services
Total
and Social Work and Total Program
Services Training ServicesOperating Expenses
Salaries and Incentives $ 6,309,257 $ 11,688,350 $ 19,995,607Payroll taxes and benefits 2,584,920 2,024,964 4,589,884
10,874,177 13.711,314 24,585,491
Legal, professional, and management feesOccupancy costsOffice expensesTravel and meetingsClient servicesEquipment, furniture, and vehicle purchasesEquipment maintenance and repairsVehicles and transportationAid to clientsFinancing expensesInsurance and taxesBad debt expenseMiscellaneousIn-kind goods
Depreciation and amortization
311,9071,827,589
336,216156,910
2,785,310597
113,21111,888
867,470956,783
63827.56411,93933,806
18,296,0031,027,170
$ 19,323.173
117,078439.043423,593
61,9501,608,187
211,45318,953
1,125,289437,235
41,732985
146,1681,437
18,344,417303,462
$ 18,647,879
428,9852,266,632
759.809218,860
4,373,497212,050132,164
1,137,1751,304,705
998,5151,623
173,73213,37633,606
36,640,4201,330,632
$ 37,971,052
Managementand General
$ 2,734,933641,296
3,376,229
633,719423.187378,885113,177
2.711
53,14828,620
9,55548,65151,997
9,913
5,129,772260,258
$ 5,390,028
Fundraising
$ 1,358,843346,418
1,705.261
70,2844,194
530,86843
4,590
30,669
2,345,90936,419
$ 2,382,328
SupportingServices
$ 4,093,776987,714
5,081,490
704,003427,361909,753113,220
2,711
57,73828,820
9,55579,32051,997
9,913
7,475,681298,675
$ 7,772,356
Total for 2013
$ 24,089,3835,577,598
29,666,981
1,132,9882,693,9931,689,562
332,0804,376,208
212,050189.902
1,165,7951,314,2601,077,835
53,620173,73223,28933,806
44,116,1011,827,307
$ 45,743,408
See notes to combined financial statements. 8
THE DOE FUND, INC. AND AFFILIATES
Notes to Combined Financial StatementsJune 30, 2014 and 2013
I - ORGANIZATION AND OPERATIONS
The mission of The Doe Fund, Inc. is to develop and implement cost-effective, holistic programsthat meet the needs of a diverse population working to break the cycles of homelessness, addiction,and criminal recidivism. All of the programs and innovative business ventures of The Doe Fund, Inc.ultimately strive to help homeless and formerly incarcerated individuals achieve self-sufficiency.
The combined financial statements include the accounts of The Doe Fund, Inc. and severalseparate but affiliated entities as described below (collectively, the "Corporation"). The Doe Fund,Inc. provides oversight for these entities, which are affiliated (where applicable) through commonBoards of Directors. All significant intercompany transactions and balances have been eliminated.
Ready, Willing & Able, Inc. (RWA) - This corporation provides The Doe Fund, Inc.'s flagshipprogram of comprehensive services, which include comfortable, safe, and drug-free supportivetransitional housing, three nutritious meals a day, individual and group case management andcounseling, substance abuse and relapse prevention services, paid transitional workopportunities, educational and occupational training, permanent housing placement, jobpreparation and placement, and lifetime graduate services.
Ready, Willing & Able - Brooklyn - The first RWA program, operating sinceJanuary 1990, is at 520 Gates Avenue, Brooklyn, New York, and servesapproximately 70 homeless men.
Ready, Willing & Able - Day - Serves formerly incarcerated individuals living inparole-approved housing, providing all the work and training opportunities andcomprehensive services of RWA on a nonresidential basis. The programcurrently operates out of the Ready, Willing & Able - Brooklyn facility.
Ready, Willing & Able - Harlem - A 198-bed transitional housing facility forhomeless men is at 2960 Frederick Douglass Boulevard, Harlem, New York. Theprogram began operations in May 1996.
Ready, Willing & Able - Resource Recovery - Provided free, on-demand, efficientpickups of waste cooking oil to food service establishments in New York City. Allwaste cooking oil collected was recycled into ASTM-standard biodiesel that couldbe used in any diesel engine without modification and burned 78% cleaner thanpetroleum diesel. On February 28, 2013 the corporation sold the assets of Ready,Willing & Able - Resource Recovery for $412,500.
Ready, Willing & Able - Jersey City - The program served 59 homelessindividuals from May 1998 through April 2009 and thereafter provided 24-hoursecurity services to single-room occupancy housing located in Jersey City, NewJersey, through June 30, 2013.
Ready, Willing & Able Philadelphia, Inc. - Formed in October 2007, and obtained its 501 (c)(3)status in June of 2011 to continue the Ready, Willing & Able program operations of the 70-manfacility leased by the City of Philadelphia, located at 1211 Bainbridge Street, Philadelphia,Pennsylvania.
Ready, Willing & Able America, Inc. - Formed in April 2010 to continue the effort to bringRWA to scale nationally. This corporation is awaiting finalization of its application for 501(c)(3)status.
Continued 9
Gates Avenue Housing Development Fund Corporation ("HDFC") - Provides transitional
housing to RWA participants at 520 Gates Avenue, Brooklyn, New York.
A Better Place Housing Development Fund Corporation - Organized in 1992, andpurchased a building located on the Upper East Side of New York, New York. The buildingasset was transferred to A Better Place, L.P. on February 8, 1996, with renovations completedand operations commencing in April 1996. On April 22, 2013, the building asset was transferredback to A Better Place HDFC for consideration of $70,000. This single-room occupancy buildingnow provides supportive permanent housing with on-site services for 28 formerly homelessindividuals living with HIV and/or AIDS.
A Better Place Housing Development Fund Corporation is the shareholder of A Better PlaceEast 86th Street Corporation, an affiliate of The Doe Fund, Inc. The activities of A Better PlaceHousing Development Fund Corporation include Scatter Site Return, which began operations in
-- ---------January 2008 to serve chronically homeless single adults who have had a substance abuse ---- - -- -disorder.
Number One Single Room Occupancy Housing Development Fund Corporation - Began
operations in July 2001 to provide supportive permanent (single-room occupancy) housing withon-site services for 74 formerly homeless individuals at 223 East 117th Street, New York,New York. Number One Single Room Occupancy ("SRO") Housing Development FundCorporation is the shareholder of TDF 2000 Corporation, an affiliate of The Doe Fund, Inc.
Greene-Quincy Housing Development Fund Corporation - Concluded the transformation of
six vacant and dilapidated city-owned buildings on Greene Avenue and Quincy Street inBrooklyn, New York into 44 affordable family units consisting of a combination of studios andone to three bedroom units, in July 2001. Greene-Quincy Housing Development FundCorporation owns 51% of Quincy-Green Owners, LLC, the general partner of Quincy-GreeneAssociates, L.P. Quincy-Green Owners, LLC holds a 0.005% interest in Quincy-GreeneAssociates, L.P.
Back Office of New York, Inc. - Began operations in January 1998 to provide work and training
opportunities to homeless individuals in the areas of bulk mail, fulfillment, contract packaging,and internet research. The services are performed in a leased space located at 173 CookStreet, Brooklyn, New York.
Porter Avenue Housing Development Fund Corporation - Purchased, renovated, andoperates the RWA program in a 400-bed transitional housing facility for homeless men, includinga program for 138 formerly homeless veterans, at 89 Porter Avenue, Brooklyn, New York. Thefacility began operations in November 2003.
Webster Green Housing Development Fund Corporation - Formed in May 2013 andorganized exclusively to develop, on a non-profit basis, affordable housing for persons of lowincome. On May 13, 2013, this corporation acquired the property located at 3100 WebsterAvenue, Bronx, New York to develop 82 units of affordable supportive housing.
Muller Army Reserve Housing Development Fund Corporation - On September 18, 2013,the property located at 555 Nereid Avenue, Bronx, New York was transferred from UnitedStates of America to The Doe Fund, Inc. pursuant to a legally binding agreement to provideservices to the homeless. The Muller U.S. Army Reserve Center had been designated as asurplus property and was approved for redevelopment and reuse by the Muller LocalRedevelopment Authority in Bronx, New York. The New York City Department of Homeless
Services (UDHSfl) and The Doe Fund, Inc. have entered into a separate operating agreementdated as of February 16, 2012 to renovate the Designated Homeless Services Facility into atransitional residence for at least 200 homeless adults, and then operate and maintain thetransitional residence, which will include providing transitional housing and support services.
Continued 10
Crotoria Park Housing Development Fund Corporation - Formed on August 19, 2013 todevelop and operate affordable housing for persons of low income. On August 22, 2013, thiscorporation acquired the property located at 1420 Crotona Park East, Bronx, New York todevelop 60 units of affordable supportive housing. Funding for the acquisition was provided by aloan with FJC in the amount of $1,325,000. This loan accrues interest at the rate of prime plus3% computed on the number of days elapsed and a 360-day year and is payable quarterly. Theprincipal of the loan is payable upon the earlier of closing on the construction financing for thepremises or August 19, 2015.
Rogers Avenue Housing Development Fund Corporation - Formed on October 2, 2013 todevelop and operate affordable housing for persons of low income. On November 20, 2013, thiscorporation acquired the property located at 1345-1357 Rogers Avenue, Brooklyn, New York todevelop 115 units of affordable supportive housing. Funding for the acquisition was provided bya loan with New York Acquisition Fund in the principal amount of $3,006,076 and a Joan with _Supportive Housing Solutions Fund LLC in the principal amount of $285,000. The New YorkAcquisition Fund loan accrues interest at the aggregate annual rate of 405 basis points and theadjusted London Interbank Offered Rate (LIBOR) rate and is computed on the number of dayselapsed over a 360-day year and is payable monthly. The principal of this loan is payable uponthe earlier of closing on the construction or permanent financing for the premises orDecember 1, 2015. The loan with Supportive Housing Solutions Fund LLC accrues interest atthe rate of 7% and the balance of unpaid principal and interest is due and payable on the earlierof the closing of the construction financing for the premises or December 1, 2015.
Pest at Rest LLC - Organized on October 29, 2003, with The Doe Fund, Inc. as its solemember. Pest at Rest, LLC provides work training and experience in integrated pestmanagement to individuals involved in the RWA program.
Pest at Rest Newark, LLC - Organized on July 14, 2010, with The Doe Fund, Inc. as its solemember. Pest at Rest Newark, LLC provides work training and experience in integrated pestmanagement to individuals 'involved in the RWA program and serves public and private sectorclients located in New Jersey.
Iron Horse Managers, LLC - Organized on January 13, 2003, with The Doe Fund, Inc. as itssole member. Its purpose is to acquire real estate interests to develop and manage affordablehousing. Iron Horse Managers, LLC is the managing member of Stadium Court Associates,LLC, a project company with ownership interest in a 60-unit housing facility in Bronx, New York,which opened on January 1, 2006.
RWA Pathways - The Doe Fund, Inc. is a recipient of a grant from the U.S. Department ofLabor to provide a program of enhanced transitional job services to individuals recently releasedfrom prison. RWA Pathways will serve 500 individuals over a two-year enrollment and is part ofa rigorous random assignment research demonstration project to assess the effectiveness ofpaid transitional job programs. The six-month nonresidential work and education programincludes partnering with employers, one-stop career centers, and child support enforcementagencies to deliver support services, and is located at 510 Gates Avenue, Brooklyn, New York.
Doe 21st IH, LLC - Organized on December 22, 2005, with The Doe Fund, Inc. as its solemember, for the purpose of acquiring, owning, financing, and selling membership interests in21st lH, LLC, of which it owns a 50% interest. 21st IH, LLC, is the managing member of 321East 21st Street Associates, LLC, which owns 22 low income housing units at 321 East 21stStreet, New York, New York. The Doe Fund, Inc. is the administrative agent, responsible for theselection of eligible low income tenants, and the rent-up of the residential rental units and theannual reporting to the Department of Housing Preservation and Development ("HPD"). Theadministrative agent is paid a fee of $7,500 per annum in arrears, pro-rated monthly, derivedfrom the income of the rental of the low income housing units and commencing upon the dateall apartments are rented to qualified tenants under the lnclusionary Housing Program. Theagreement is dated December 22, 2005, and is in effect for a one-year term which automaticallyrenews upon its expiration, unless canceled. The provisions of the agreement are cumulative.
Continued 11
55 Clifton Place, LLC - Formed in July 2006, with The Doe Fund, Inc. as its sole member. Thepurpose of 55 Clifton Place, LLC is to purchase property, buildings, and improvements toprovide affordable housing.
700 Gerard, LLC - Formed in September 2006, with The Doe Fund, Inc. as its sole member.The purpose of 700 Gerard, LLC is to purchase property, buildings, and improvements toprovide affordable housing.
Summit Avenue Center for Opportunity, LLC - Formed in April 2007, with The Doe Fund,Inc. as its sole member. The purpose of Summit Avenue Center for Opportunity, LLC is topurchase property, buildings, and improvements to provide affordable housing.
TDF E. 148th Street, LLC - Formed in September 2006, with The Doe Fund, Inc. as its solemember. The purpose of TDF E. 148th Street, LLC is to purchase property, buildings, andimprovements to provide affordable housing. -----------------------------
TDF 170th Street, LLC - Organized on March 27, 2007, with The Doe Fund, Inc. as its solemember, for the purpose of acquiring, owning, financing, and selling membership interests inEast 170th Street GP, LLC, the general partner of East 170th Street Associates, L.P. TDF 170thStreet, LLC owned 51% of East 170th Street GP, LLC which owned a 0.01% interest in East170th Street Associates, L.P.
The Doe Fund, Inc. purchased the property located at 550 East 170th Street, Bronx, New Yorkfor the construction of a new 8-story building containing an elevator and a total of 98 dwellingunits (including one superintendent's unit) (the "Project"). All of the rental units in the buildingare qualified low income units under Sections 42 and 142 of the Internal Revenue Code of1986, as amended, and the 98 units qualify for Section 421-a Negotiable Certificates (the"Certificates").
East 170th Street Associates, L.P. applied to the City of New York for the Certificates andentered into contracts to sell the Certificates. East 170th Street Associates, L.P. then assignedthe Certificates and the contracts to sell the Certificates to The Doe Fund, Inc. Subject toreceiving this assignment, The Doe Fund, Inc. loaned the principal amount of the proceeds fromthe sale of the Certificates to East 170th Street Associates, L.P.
On January 31, 2014, The Doe Fund, Inc. sold its interest in the real property and notes relatedto the affordable housing developed with Atlantic Development Group for an aggregatepurchase price of $1,934,953 to RKS Ventures LLC.
TDF Tiffany Street, LLC - Formed in October 2007, with The Doe Fund, Inc. as its solemember for the purpose of acquiring, owning, financing, and selling membership interests inTiffany Street GP, LLC, the general partner of TDF Tiffany Street Associates, L.P. TDF TiffanyStreet, LLC owned 51% of Tiffany Street GP, LLC, which owned a 0.01% interest in TDF TiffanyStreet Associates, L.P..
The Doe Fund, Inc. acquired a parcel of land located at 1140 Tiffany Street, a/k/a 922 East169th Street, Bronx, New York. Atlantic Development Group, LLC developed, financed, andconstructed a residential apartment building containing 84 units of affordable housing on theproperty located at 1140 Tiffany Street. The financing was provided by the New York CityHousing Development Corporation through its sale of tax-exempt bonds and the proceeds fromthe sale of low income housing tax certificates.
On January 31, 2014, The Doe Fund, Inc. sold its interest in the real property and notes relatedto the affordable housing developed with Atlantic Development Group for an aggregatepurchase price of $1,934,953 to RKS Ventures LLC.
TDF Bruckner, L.LC - Organized on May 21, 2008, with The Doe Fund, Inc. as its sole member,solely for the purpose of acquiring, owning, financing, and selling membership interests inManager Bruckner, LLC, the general partner of Bruckner by the Bridge, LLC. TDF Bruckner,LLC owned 51% of Manager Bruckner, LLC, which owned a 0.01% interest in Bruckner by theBridge, LLC.
Continued0 12
The Doe Fund, Inc. acquired a parcel of land located at 80 Bruckner Boulevard, 105 WillisAvenue, and 331 East 132nd Street, Bronx, New York. Atlantic Development Group, LLCdeveloped, financed, and constructed a residential apartment building on the property,containing 419 units of affordable housing, commercial space, and parking. The financing wasprovided by the New York City Housing Development Corporation through its sale of tax-exemptbonds and the proceeds from the sale of low income housing tax credits and 421-a NegotiableCertificates. All apartments developed pursuant to this agreement must be rented to familiesqualifying as low income under Section 42 of the Internal Revenue Code.
Pursuant to the HPD Written Agreements, HPD issued master 421-a Negotiable Certificates toThe Doe Fund, Inc. Atlantic Development Group, LLC entered into contracts with developers tosell the Certificates and assigned the contracts to sell the Certificates to The Doe Fund, Inc.The Doe Fund, Inc. sold the Certificates and loaned the proceeds from the sale of the
_Certificates to Bruckner_ by the Bridge, LLC. The loan was used to i_connection with the construction of the project and is secured by a pledge of members'membership interests in Bruckner by the Bridge, LLC.
On January 31, 2014, The Doe Fund, Inc. sold its interest in the real property and notes relatedto the affordable housing developed with Atlantic Development Group for an aggregatepurchase price of $1,934,953 to RKS Ventures LLC.
To expand their focus on the development of quality, affordable and transitional housing, The DoeFund, Inc. has developed TDF Real Estate and Property Services, a division of The Doe Fund, Inc.,which oversees every aspect of the Corporation's facilities.
The Corporation is supported primarily through donor contributions, grants, contracts and programfees.
2 - SUMMARY OF SIGNIFICANT Accour,rrlNG POLICIES
a. Basis of Accounting - The accompanying combined financial statements of the Corporationhave been prepared in accordance with accounting principles generally accepted in the UnitedStates of America ("GAAP"), which include the accrual basis of accounting.
b. Basis of Presentation - The Corporation is required to report information regarding its financialposition and activities according to three classes of net assets: unrestricted net assets,temporarily restricted net assets, and permanently restricted net assets, as follows:
i. Unrestricted Net Assets - Unrestricted net assets include all net assets that are notsubject to donor-imposed restrictions and have met all legal and donor requirementsand are available for use in the performance of the activities of the Corporation.
ii. Temporarily Restricted Net Assets - Temporarily restricted net assets are subjectto donor-imposed stipulations that may be or will be met by actions of the Corporationand/or the passage of time. When a restriction expires, temporarily restricted netassets are reclassified to unrestricted net assets and reported in the statement ofactivities as net assets released from restrictions.
iii. Permanently Restricted Net Assets - Permanently restricted net assets are subjectto explicit donor-imposed stipulations that they be maintained permanently by theCorporation. Generally, the donors of these assets permit the Corporation to use allor part of the income earned on any related investments for general or specifiedpurposes. The Corporation did not have any permanently restricted net assets atJune 30, 2014 and 2013.
c. Use of Estimates - The preparation of financial statements in conformity with GAAP requiresmanagement to make estimates and assumptions that affect the reported amounts of assetsand liabilities and disclosure of contingent assets and liabilities at the dates of the financialstatements and the reported amounts of revenue and expenses during the reporting periods.Actual results could differ from those estimates.
Continued 13
d. Cash and Cash Equivalents - For purposes of the combined statements of cash flows, theCorporation considers all highly liquid investments with an initial maturity of three months or lessto be cash equivalents.
e. Receivables - Receivables are stated at the amount management expects to collect onoutstanding balances. Credit is generally extended on a short-term basis, thus accountsreceivable do not bear interest. Management provides for probable uncollectible amounts,based upon historical collection experience and a review of outstanding amounts, through aprovision for bad debt expense and an adjustment to a valuation allowance based on itsassessment of the current status of individual accounts. Balances that are still outstanding aftermanagement has exercised reasonable collection efforts are written off through a charge to thevaluation allowance and a credit to accounts receivable. At June 30, 2014 and 2013, theallowance for doubtful accounts was $265,370 and $213,292, respectively.
Promises to Give - Unconditional promises to give are recognized as revenue or gains in theperiod received and as assets, decreases of liabilities, or expenses, depending on the form ofthe benefits received. Conditional promises to give are recognized only when the conditions onwhich they depend are substantially met and the promises become unconditional. Managementreviews pledges receivable on a yearly basis and writes off any estimated uncollectibleaccounts, through a provision for bad debt expense and an adjustment to a valuation allowancebased on its assessment of the current status of pledges receivable. There was no allowancefor doubtful promises to give accounts at June 30, 2014 and 2013.
g. Investments - Investments are stated at fair value as determined by quoted market prices.Unrealized gains and losses are recorded as a separate component in the combined statementof activities. Donated investments are recorded as contributions at their fair value at the date ofdonation. During the years ended June 30, 2014 and 2013, the Corporation received $55,064and $145,593 of donated investments, respectively.
h. Investments in Limited Partnerships and Limited Liability Companies - The Corporationaccounts for its investments in for-profit limited partnerships and limited liability companies (the"Partnerships") using the equity method of accounting, as the Corporation has significantinfluence over, but not control of, the major operating and financial policies of the Partnerships.Under the equity method, the initial investment is recorded at cost, increased or decreased bythe Corporation's share of income or losses, and increased or decreased by contributions ordistributions.
The Corporation is a partner or member as follows:
Entity Interest
Role
TDF 2000 Partners, L.P. 1.00%
Affiliate of general partner,TDF 2000 Corporation
Stadium Court Associates, LLC
0.01%
Managing member
Property and Equipment - All acquisitions of property and equipment in excess of $5,000, andall expenditures for repairs, maintenance, renewals, and betterments that materially prolong theuseful lives of assets are capitalized. Purchased property and equipment are recorded at cost,except when such costs are reimbursed as part of current programs by a funding agency andsuch agency retains title. Building, building improvements, furniture, fixtures, and equipment aredepreciated on the straight-line basis over the estimated useful lives of the assets, ranging from5- 31Y2 years.
Continued 14
Impairment losses are recorded on long-lived assets when indicators of impairment are presentand the undiscounted cash flows estimated to be generated by those assets (excluding interest)are less than the carrying amount of the assets. In such cases, the carrying value of assets tobe held and used are adjusted to their estimated fair value, and assets held for sale areadjusted to their estimated fair value, less selling expenses. The Corporation reviews itsinvestments in real estate for impairment events or when changes in circumstances indicatethat the carrying value of such property may not be recoverable. No impairment losses wererecognized in 2014 or 2013.
j. Deferred Rent and Lease Incentives - The Corporation has entered into operating leaseagreements for its administrative offices and site facilities, some of which contain provisions forfuture rent increases, or periods in which rent payments are reduced (abated) as incentivepayments. The Corporation records monthly rent expense equal to the total of the paymentsdUver the term—,divided - by the number- of months of the lease term:Leaselncentivesare amortized against rental expense over the term of the lease. The difference between rentexpense recorded and the amount paid is credited or charged to Deferred rent and leaseincentives, which is reflected as a separate line item in the accompanying combined statementsof financial position.
k. Deferred Mortgage Costs - Mortgage costs are capitalized at cost. Amortization is provided ona straight-line method over the term of the mortgage. As of June 30, 2014 and 2013, theCorporation has net capitalized mortgage costs of $249,048 and $327,227, respectively. Foreach of the years ended June 30, 2014 and 2013, amortization expense totaled $14,420.
1. Presentation of Sales Taxes - The State and City of New York impose a sales tax of 4% and4.875%, respectively, and the State of New Jersey imposes a sales tax of 7% on all of theCorporation's sales to nonexempt customers. The Corporation collects that tax from customersand remits the entire amount to the applicable taxing authority. The Corporation's accountingpolicy is to include the tax collected and remitted in revenue and costs of program services.
m. Grants and Contracts - The Corporation records grant and contract awards, accounted for asexchange transactions, as refundable advances until the related costs are incurred or servicesare performed, at which time they are recognized as revenue.
n. Contributed Support - The Corporation recognizes all contributed support received as incomein the period received. Contributed support is reported as restricted support if it is pledged orreceived with donor or contract stipulations that limit the use of the donation. When a donor orcontract restriction expires (that is, when a stipulated time ends or purpose restriction isaccomplished), temporarily restricted net assets are reclassified as unrestricted net assets andreported in the combined statements of activities as net assets released from restriction.
Contributed assets are recorded at fair value when the Corporation receives the assets or whenthe collection of an unconditional promise to give appears certain.
Donor-restricted contributions whose restrictions are met in the same reporting period arereported as unrestricted contributions.
o. In-Kind Revenue - The Corporation records various types of in-kind revenue, includingprofessional services and contributed tangible assets. Contributed professional services arerecognized if: (a) the services received create or enhance long-lived assets; or (b) the servicesrequire specialized skills, are provided by individuals possessing those skills, and would typicallyneed to be purchased if not provided by donation. Contributed tangible assets are recognized atfair market value when received. The amounts reflected in the accompanying combinedfinancial statements as in-kind revenue are offset by like amounts included in expenses.
Continued 15
p. Advertising - The Corporation expenses advertising costs as incurred. Advertising expensetotaled $197,653 and $282,866 for the years ended June 30, 2014 and 2013, respectively.
q. Functional Allocation of Expenses - The costs of providing various programs and theiradministration have been summarized on a functional basis in the combined statements offunctional expenses. Accordingly, certain costs have been allocated to direct programs orsupporting services. The functional classifications are defined as follows:
I. Program Services Expense - Consists of costs incurred in connection with servicesprovided and programs conducted.
ii. General and Administrative Expenses - Consist of costs incurred in connection with theoverall activities of the Corporation, which are not allocable to another functional expense
- -- ---------- - - -
iii. Fundraising Expenses - Consist of costs incurred in connection with activities related toobtaining grants and activities designed to generate revenue.
Income Taxes - The Corporation is exempt from federal income taxes, pursuant to Section501(c)(3) of the Internal Revenue Code. The Corporation is also exempt from state incometaxes. The Corporation may recognize the tax benefit from an uncertain tax position only if it ismore likely than not that the tax position will be sustained on examination by taxing authoritiesbased on the technical merits of the position. Examples of tax positions include the tax-exemptstatus of the Organization and various positions related to the potential sources of unrelatedbusiness taxable income ("UBTI"). The tax benefits recognized in the financial statements froma tax position are measured based on the largest benefit that has a greater than 50% likelihoodof being realized upon ultimate settlement. There were no unrecognized tax benefits identifiedor recorded as liabilities for fiscal years 2014 and 2013.
The Corporation files Form 990s, Return of Organization Exempt from Income Tax, with theInternal Revenue Service ("IRS"), annually. At June 30, 2014, the Corporation's Form 990s forthe years ended 2010 through 2012 remain eligible for examination by the IRS.
s. Audits by Government Agencies - Financial awards from federal, state, and localgovernmental entities in the form of grants for the reimbursement of expenses and overheadapplicable to various programs are subject to special audit. Such audits could result in claimsagainst the Corporation for disallowed costs or noncompliance with grantor restrictions. Noprovision has been made for any liabilities that may arise from such audits since the amounts, ifany, cannot be determined at the date of the combined financial statements. Management is ofthe opinion that such audits, if performed, would not have a material effect on theaccompanying combined statements of functional expenses.
Contingencies - Certain conditions may exist as of the date the combined financial statementsare issued, which may result in a loss to the Corporation but which will only be resolved whenone or more future events occur or fail to occur. The Corporation's management and its legalcounsel assess such contingent liabilities, and such assessment inherently involves an exerciseof judgment. In assessing loss contingencies related to legal proceedings that are pendingagainst the Corporation or unasserted claims that may result in such proceedings, theCorporation's legal counsel evaluates the perceived merits of any legal proceedings orunasserted claims, as well as the perceived merits of the amount of relief sought or expected tobe sought therein.
If the assessment of a contingency indicates that it is probable that a material loss has beenincurred and the amount of the liability can be estimated, then the estimated liability would beaccrued in the Corporation's combined financial statements. If the assessment indicates that apotentially material loss contingency is not probable, but is reasonably possible, or is probablebut cannot be estimated, then the nature of the contingent liability, together with an estimate ofthe range of possible loss if determinable and material, would be disclosed.
Continued 16
Loss contingencies considered remote are generally not disclosed unless they involveguarantees, in which case the nature of the guarantee would be disclosed.
u. Reclassification - Certain prior year financial statement amounts were reclassified to conformto the current year presentation.
3- RISKS AND UNCERTAINTIES
Financial instruments that subject the Corporation to concentrations of credit risk consist of cashand cash equivalents and contracts receivable. While the Corporation attempts to limit its financialexposure, deposit balances may, at times, exceed federally insured limits. The Corporation has notexperienced any losses on such balances.
-----------The Corporation has — entered -into - service—contracts--and--- grant—agreements--with----variousgovernmental agencies that are subject to business risks associated with the economy andadministrative directives, rules and regulations that are subject to change. A significant reduction inrevenue from these various governmental agency contracts would have an adverse effect on theCorporation's programs.
Contracts receivable primarily represent receivables from the New York City Department of HousingPreservation and Development, and the New York City Department of Homeless Services. Anyconcentrations of credit risk related to contracts receivable is subject to the city's financial condition.
4.- RECEIVABLES
Receivables at June 30, 2014 and 2013 consisted of the following:
2014 2013
Contracts and accounts receivable
$ 4,019,235 $ 3,536,372Less: Reserve for uncollectible accounts
(265,370) (213,292)
3,753,865 3,323,080Grants and pledges receivable
4,812,925 2,332,448
Receivables - net
$ 8,566,790 $ 5,655,528
Grants and pledges receivable, less an appropriate reserve, are recorded at their estimatedrealizable value. Amounts due more than one year later are recorded at the present value of theestimated cash flows, discounted at a risk-adjusted rate of 1%, applicable to the year in which thepromise was received. Amortization of the discount is credited to contribution income.
No reserves were recorded as of June 30, 2014 and 2013.
Grants and pledges receivable consisted of the following as of June 30, 2014 and 2013:
2014 2013Unconditional Promises Expected to be Collected in
Less than one yearOne to five years
Less: Discount to present value
Total Grants and Pledges Receivable
$ 3,832,628 $ 2,236,294
1,000,000 100,000
4,832,628 2,336,294
(19,704) (3,846)
$ 4,812,924 $ 2,332,448
Continued 17
5 - INVESTMENTS
Investments as of June 30, 2014 and 2013 consisted of the following:
2014Basis Fair Value
Certificate of deposit, 0.20%, matures 1/28/15 $ 12,247 $ 12,247Mutual fund 714 915
$ 12,961 $ 13,162
Certificate of deposit, 0.25%, matured 1/28/14Mutual fund
6 - FAIR VALUE MEASUREMENTS
2013Basis Fair Value
$ 12,219 $ 12,219
714 860
$ 12,933 $ 13,079
Fair Value Measurements and Disclosures establish a framework for measuring fair value. Thatframework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used tomeasure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in activemarkets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs(Level 3). The three levels of the fair value hierarchy are described as follows:
Level I - Inputs to the valuation methodology are unadjusted quoted prices for identicalassets or liabilities in active markets that the Corporation has the ability to access.
Level 2- Inputs to the valuation methodology include quoted prices for similar assets orliabilities in active markets; quoted prices for identical or similar assets or liabilities ininactive markets; inputs other than quoted prices that are observable for the asset orliability; and inputs that are derived principally from or corroborated by observable marketdata by correlation or other means.
Level 3- Inputs to the valuation methodology are unobservable and significant to the fairvalue measurement.
The asset or liability's fair value measurement level within the fair value hierarchy is based on thelowest level of any input that is significant to the fair value measurement. Valuation techniques usedmaximize the use of observable inputs and minimize the use of unobservable inputs.
The following is a description of the valuation methodologies used for assets measured at fair valueused at June 30, 2014 and 2013:
Mutual Funds - Valued at the net asset value ('NAV") of shares held by the Corporation atyear end.
The preceding method described may produce a fair value calculation that may not be indicative ofnet realizable value or reflective of future fair values. Furthermore, although the Corporationbelieves its valuation method is appropriate and consistent with other market participants, the use ofdifferent methodologies or assumptions to determine the fair value of certain financial instrumentscould result in a different fair value measurement at the reporting date.
Continued 18
The following table sets forth, by level, the Corporation's assets that were accounted for at fair valueon a recurring basis as of June 30, 2014:
Investments in securities:
Level I Level 2 Level 3 TotalInvestments - at fair value:
Mutual fund $ 915 $ - $ - $ 915
The following table sets forth, by level, the Corporation's assets that were accounted for at fair valueon a recurring basis as of June 30, 2013:
Investments in securities:Level Level Level Total
Investments - at fair value:Mutual fund $ 860 $ - $ - $ 860
7- PROPERTY AssErs
Property and equipment at June 30, 2014 and 2013 consisted of the following:
2014 2013
Land $ 8,028,000 $ 3,800,000Building and improvements 30,229,676 30,039,161Furniture, fixtures, and equipment 4,850,700 4,603,202
43,108,376 38,442,363Less: Accumulated depreciation and amortization (13,620,054) (12,066,384)
29,488,322 26,375,979Construction in progress 4,878,266 2,179,346
Net Property Assets $ 34,366,588 $ 28,555,325
Depreciation and amortization of property and equipment amounted to $1,586,931 and $1,627,307for the years ended June 30, 2014 and 2013, respectively.
a
Continued 19
8 - INVESTMENTS IN LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES
A Better Place East 86th Street Corporation, an affiliate of The Doe Fund, Inc., was the generalpartner of A Better Place, L.P. with a 1% interest through April 2013, at which time the buildingassets was transferred to A Better Place HDFC for consideration of $70,000.
The condensed financial statements of A Better Place, L.P. as of December 31, 2012 are asfollows:
2012
Balance SheetsAssets
Cash $ 149,985Net rental real estate and equipment 1,789,026Othett —408,516
Total Assets $ 2,347,527
LiabilitiesLoan payable
$ 2,167,542Other liabilities
161,335
Total Liabilities 2,328,877
Partners' Capital
18,650
Total Liabilities and Partners' Capital
$ 2,347,527
Statements of OperationsRevenue $ 541,900Operating expense (460,300)Depreciation (120,309)
Net Loss $ (38,709)
A Better Place East 86th Street Corporation's capital balance in this investment is less than zero;therefore, the investment is reflected at no value in the combined financial statements.
Continued 20
.1
TDF 2000 Corporation, an affiliate of The Doe Fund, Inc., is the general partner of TDF 2000Partners, L.P. with a 1% interest. TDF 2000 Partners, L.P. is the owner of 223 East 117th Street,New York, New York.
The condensed financial statements of TDF 2000 Partners, L.P. as of December 31, 2013 and 2012are as follows:
2013 2012Balance Sheets
AssetsCash
$ 1,080,616 $ 1,056,400Net rental real estate and equipment
3,478,195 3,717,337
Other assets 1,941,045 1,930,174
Total Assets $ 6,499,856 $ 6,703,911
LiabilitiesLoan payable $ 6,176,565 $ 6,176,565.
Other liabilities 284,942 308,084
Total Liabilities 6,461,507 6,484,649
Partners' Capital
38,349 219,262
Total Liabilities and Partners' Capital
$ 6,499,856 $ 6,703,911
2013 2012Statements of Operations
Revenue $ 586,275 $ 618,194Operating expense (528,046) (523,555)Depreciation (239,142) (239,141)
Net Loss $ (180,913) $ (144,502)
TDF 2000 Corporation's capital balance in this investment is less than zero; therefore, theinvestment is reflected at no value in the combined financial statements.
Continued 21
a
Iron Horse Managers, LLC is the managing member of Stadium Court Associates, LLC and holds a0.01% interest in the limited liability company.
The condensed financial statements of Stadium Court Associates, LLC as of December 31, 2013and 2012 are as follows:
2013 2012Balance Sheets
AssetsCash $ 62,135 $ 41,996Net rental real estate and equipment 6,963,365 7227,323Other assets 362,882 350,164
TotalAssets $ 7,408,382 - $ 7,619,483
LiabilitiesLoan payable
$ 2,561,977 $ 2,614,114Other liabilities 660,127 617,439
Total Liabilities 3,222,104 3,231,553
Members' Equity
4,186,278 4,387,930
Total Liabilities and Members' Equity $ 7,408,382 $ 7,619,483
2013 2012Statements of Operations
Revenue
$ 720,321 $ 690,114Operating expense (665,070) (668,889)
Depreciation (256,903) (254,263)
Net Loss
$ (201,652) $ (233,038)
Iron Horse Managers, LLC's capital balance in this investment is less than zero; therefore, theinvestment is reflected at no value in the combined financial statements.
9 - DEVELOPMENT AGREEMENTS
In addition to the development agreements described in Note 1, The Doe Fund, Inc. entered intoother agreements with Atlantic Development Group, LLC for the development of affordable housingat three sites located in the Bronx, New York.
Boncua (Site A-2)
The Doe Fund, Inc. acquired a parcel of land located at 508 East 163rd Street, Bronx, New York for$7, from the City of New York, subject to property restrictions. The purchase price was paid atclosing from the rent owed by Boricua Village Associates A-2, L.P., pursuant to a triple net-groundlease. This prepaid rent has been assigned to Atlantic Development Group, LLC to satisfy allamounts due from The Doe Fund, Inc. for the acquisition of the property. The ground lease has aterm of 198 years.
Continued 22
Atlantic Development Group, LLC developed, financed, and constructed a residential apartmentbuilding on the property, containing approximately 85 units of affordable housing. The financing wasprovided by New York City Department of Housing Preservation and Development ("HPD") throughits sale of tax-exempt bonds and the proceeds from the sale of low income housing tax credits and421-a Negotiable Certificates. All apartments developed pursuant to this agreement must be rentedto families qualifying as low income under Section 42 of the Internal Revenue Code.
Pursuant to HPD Written Agreements, HPD issued master 421-a Negotiable Certificates to The DoeFund, Inc. Atlantic Development Group, LLC, entered into contracts with developers to sell theCertificates and has assigned the contracts to sell the Certificates to The Doe Fund, Inc. The DoeFund, Inc. sold the Certificates and loaned the proceeds from the sale of the Certificates to BoricuaVillage Associates A-2, L.P. to retire the debt incurred in connection with the construction of thisproject. The loan is secured by a pledge of all partnership interests in Boricua Village AssociatesA2LP.
The proceeds from the sale of the Certificates totaled $7,745,358. The loan has a term of 40 yearsand calls for interest, calculated at 1%, to accrue, and be payable out of cash flow with all unpaidaccrued interest due on the maturity date.
In consideration of The Doe Fund, Inc.'s efforts in working with the community to promote theproject and numerous other tasks involved in implementing this project, The Doe Fund, Inc. waspaid a development fee in the amount of $50,000 by Atlantic Development Group, LLC.
Boricua (Site C)
The Doe Fund, Inc. acquired a parcel of land located at 3213 Third Avenue, Bronx, New York for$19 from the City of New York, subject to property restrictions. The purchase price was paid atclosing from the rent owed by Boricua Village Associates, L.P., pursuant to a triple net-ground lease.This prepaid rent has been assigned to Atlantic Development Group, LLC to satisfy all amounts duefrom The Doe Fund, Inc. for the acquisition of the property. The ground lease has a term of 198years.
Atlantic Development Group, LLC developed, financed, and constructed a residential apartmentbuilding on the property containing 131 units of affordable housing. The financing has been providedby New York City Housing Development Corporation through its sale of tax-exempt bonds, and theproceeds from the sale of low income housing tax credits and 421-a Negotiable Certificates. Allapartments developed pursuant to this agreement must be rented to families qualifying as lowincome under Section 42 of the Internal Revenue Code.
Pursuant to the HPD Written Agreements, HPD issued master 421-a Negotiable Certificates to TheDoe Fund, Inc. Atlantic Development Group, LLC, entered into contracts with developers to sell theCertificates, and assigned the contracts to sell the Certificates to The Doe Fund, Inc. The Doe Fund,Inc. sold the Certificates and loaned the proceeds from the sale of the Certificates to Boricua VillageAssociates, L.P. The loan was used to retire the debt incurred in connection with the construction ofthis project and is secured by a pledge of all partnership interests in Boricua Village Associates, L.P.On June 7, 2013, The Doe Fund, Inc. sold 27 negotiable 421-a Certificates to 47-51 Bridge StreetProperty, LLC ("Bridge") for $1,080,000, pursuant to a contract between Bridge, as purchaser, andAtlantic Development Group, LLC, as seller, dated April 5, 2013, which contract had been assignedto The Doe Fund, Inc. by Atlantic Development Group, LLC. The proceeds from the sale of theCertificates totaled $11,291,373. The term of the loan is 40 years and the loan calls for interest,calculated at 1% to accrue, and be payable out of cash flow with all unpaid accrued interest due onthe maturity date.
In consideration of The Doe Fund, Inc.'s efforts in working with the community to promote theProject and numerous other tasks involved in implementing this project, The Doe Fund, Inc. waspaid a development fee in the amount of $50,000 by Atlantic Development Group.
Ai
Continued 23
Boricua (Site E)
The Doe Fund, Inc. acquired a parcel of land located at 505 East 161st Street, Bronx, New York for$9 from the City of New York, subject to property restrictions. The purchase price was paid atclosing from the rent owed by Boricua Village Associates E, L.P., pursuant to a triple net-groundlease entered into between The Doe Fund, Inc., as landlord, and Boricua Village Associates E, L.P.,as tenant, immediately upon the acquisition of the property. The ground lease requires BoricuaVillage Associates E, L.P. to pay The Doe Fund, Inc. at the time of construction loan closing, rent inthe amount of $9 for the full term of the ground lease. This prepaid rent has been assigned toAtlantic Development Group, LLC to be applied to satisfy all amounts due from The Doe Fund, Inc.to Atlantic Development Group, LLC for the acquisition of the property. The ground lease has a termof 198 years.
Atlantic- Development Group, - LLC developed, financed, -and constructed a - residential -apartmentbuilding on the property containing 80 units of affordable housing. The financing has been providedby New York City Housing Development Corporation through its sale of tax-exempt bonds, and theproceeds from the sale of low income housing tax credits and 421-a Negotiable Certificates. Allapartments developed pursuant to this agreement must be rented to families qualifying as lowincome under Section 42 of the Internal Revenue Code.
Pursuant to the HPD Written Agreements, HPD issued master 421-a Negotiable Certificates to TheDoe Fund, Inc. Atlantic Development Group, LLC, entered into contracts with developers to sell theCertificates and assigned the contracts to The Doe Fund, Inc. The Doe Fund, Inc. sold theCertificates and loaned the proceeds from the sale of the Certificates to Boricua Village AssociatesE, L.P. The loan was used to retire the debt incurred in connection with the construction of thisproject and is secured by a pledge of all partnership interests in Boricua Village Associates E, L.P.The proceeds from the sale of the Certificates totaled $7,822,619. The term of the loan is 40 yearsand the loan calls for interest, calculated at 1% to accrue, and be payable out of cash flow with allunpaid accrued interest due on the maturity date.
In consideration of The Doe Fund, Inc.'s efforts in working with the community to promote theProject and numerous other tasks involved in implementing this project, The Doe Fund, Inc. waspaid a development fee in the amount of $50,000 by Atlantic Development Group, LLC.
On November 29, 2013, The Doe Fund, Inc. entered into an agreement to sell The Doe Fund, Inc.'sinterest in the real property and notes related to the affordable housing developed with AtlanticDevelopment Group for an aggregate purchase price of $1,934,953 to RKS Ventures LLC. Thepurchase closed on January 31, 2014
10 - INVESTMENT IN LAND AND DEFERRED REFIT FROM LAND LEAsEs
Pursuant to the development agreements, The Doe Fund, Inc. purchased parcels of land inconjunction with several projects to develop low income housing. The purchase price was paid atthe closings with prepaid rent on 198-year leases on the land. The land was recorded at cost of$24,221,154. The prepaid rent was amortized to rental income from land leases over the lives of theleases.
In August 2009, The Doe Fund, Inc., TDF Tiffany Street, LLC, TDF Bruckner, LLC, and TDF 170thStreet, LLC ("TDF Parties") entered into an Omnibus Amendment to Agreements with AtlanticDevelopment Group, LLC to withdraw from participating in the development of the various projectsunder construction.
Continued 24
I 1 - LOANS RECEIVABLE AND REVENUE FROM THE SALE OF 421-A CERTIFICATES
The following is a summary of the Corporation's loans receivable from the sale of 421-a Certificatesat June 30, 2013:
East 170th Street Associates, L.P. $ 8,978,584
Bruckner by the Bridge, LLC
33,203,077Boricua Village Associates A-2,L.P. 7,745,358
Boricua Village Associates, L.P. 11,291,373
Boricua Village Associates E, L.P. 7,822,61969,041,011
Less: Discount to present value (64,582,100)
Less: Allowance for uncollectible loans
(4,208,911)
Total Loans Receivable - net
$ 250,000
Loans from the proceeds of the sales of 421-a Certificates to East 170th Street Associates, L.P.occurred during the fiscal years 2009 through 2014. Interest accrues annually on the unpaid balanceat the rate of 1% and is receivable out of available cash flow of the operations. There was noaccrued interest receivable as of June 30, 2014. As of June 30, 2013, the accrued interestreceivable was $315,301. The principal and any unpaid interest are receivable in October 2049. Theloans are collateralized by a pledge of partnership interest in East 170th Street Associates, L.P.
Loans from the proceeds of the sales of 421-a Certificates to Bruckner by the Bridge, LLC, occurredduring the fiscal years 2010 through 2014. Interest accrues annually on the unpaid balance at therate of 0.50% and is receivable out of available cash flow of the operations. There was no accruedinterest receivable as of June 30, 2014. As of June 30, 2013, the accrued interest receivable was$260,515. The principal and any unpaid interest are receivable in 2050. The loans are collateralizedby a pledge of the members' membership interest in Bruckner by the Bridge, LLC.
Loans from the proceeds of the sales of 421-a Certificates to Boricua Village Associates A-2, L.P.,Boricua Village Associates, L.P., and Boricua Village Associates E, L.P. occurred during the fiscalyears 2010 through 2014. Interest accrues annually on the unpaid balance of each of these loans atthe rate of 1% and is receivable out of available cash flow of the operations of each of thepartnerships. There was no accrued interest receivable as of June 30, 2014. As of June 30, 2013,the accrued interest receivable was $509,260. The principal and any unpaid interest on each ofthese loans are receivable in 2050. The loans are collateralized by respective pledges of thepartnership interest in Boricua Village Associates A-2, L.P., Boricua Village Associates, L.P., andBoricua Village Associates E, L.P.
The revenue and loans have been recorded at the present value of the estimated cash flows,discounted at a comparable borrowing rate of 8%, applicable to the year in which the loan wasmade. Amortization of the discount is credited to revenue from the sales of 421-a Certificates.
1 2 - TRAINEE SAVINGS DEPOSITS AND INCENTIVES
Trainee savings deposits represent fixed minimum deductions from participants' training incentives.They may exceed the minimum on a voluntary basis. These amounts accumulate over the time atrainee is in the program and are paid to the participant when they leave the RWA program.Trainees who graduate from the program receive an additional $1,000 grant.
Training incentives are paid to participants in the form of debit cards in order to provide the mostaccessible form of payment to the composition of the trainee population. A total of $344,600 and$418,644 in matching graduation grants were paid to trainees who successfully completed thetraining program for the years ended June 30, 2014 and 2013, respectively.
At June 30, 2014 and 2013, the trainee savings payable due to participants was $624,930 and$643,979, respectively.
Continued 25
$ 2,317,782 $ 2,299,156
17,367,7932,044,886
2,826,9323,689,5931,515,000
17,979,0702,128,426
2,542,923
616,912 578,785
616,283 -
61,112 79,590
25,000 50,000
31,081,293 25,657,950
(1,055,175) (887,327)
$ 30,026,118 $ 24,770,623
- ---S - - -
13 - REFUNDABLE ADVANCES
The Corporation records grant awards and contracts accounted for as exchange transactions asrefundable advances until related services are performed, at which time they are recognized asrevenue. The activity in the refundable advance account as of June 30, 2014 and 2013 is reportedas follows:
Refundable Advances - beginning
Grant award and contract advances received
Grant and contract expenditures
Refundable Advances - end -
14 - LINE OF CREDIT
2014 2013
$ 91585 $ 5,715
2,860,160 2,963,598
(2,859,488) (2,959,728)
$ 10,257 $ 9,585
The Corporation has a line of credit (the "Line") with a bank. The Line was established by anagreement dated March 31, 2010, with the Line expiring April 30, 2015 for an aggregate principal of$3,000,000 consisting of 80% of eligible receivables that are 90 days or less past due. Interest onthe outstanding balance is calculated at 0.25% in excess of the greater of the base rate, asannounced publicly by the bank in New York, New York, or 200 basis points in excess of theprevailing rate per annum, as determined by the bank. The Line is guaranteed by the Corporation.As of June 30, 2014, the Corporation did not have a balance outstanding on the Line.
15 - MORTGAGES AND NOTES PAYABLE
The following is a summary of the Corporation's mortgages and notes payable at June 30, 2014 and2013:
2014 2013
Mortgage Note Payable - Gates Avenue, including$455,247 and $436,622, at June 30, 2014 and 2013,respectively, of deferred interest due January 2020
Mortgage Note PayablePorter AvenueA Better Place HDFC
Development Loan PayableWebster Green HDFCRogers Avenue HDFCCrotona Park HDFC
Mortgage Note PayableProgram vehicle loansRaza Development Corp LoanLeasehold improvementsBank loan payable
Less: Current maturities
Total Mortgages and Notes Payable
The mortgage for Gates Avenue was executed in 1990 and has a 30-year maturity. Amortizationand interest payments are deferred for the first 25 years. If the Corporation complies with therequired nonfinancial covenants of the mortgage for a term of 25 years, the respective lender willreduce the amount of the Corporation's indebtedness in five equal annual decrements of 20% ineach of the 26th through 30th year of the loan, resulting in no liability to the Corporation at the end ofthe 30th year. The mortgage is collateralized by Gates Avenue property assets. All mortgageinterest, which is being accrued at 1%, is deferred until the lien evaporates.
Continued 26
On July 9, 2004, a mortgage for the Porter Avenue facility was executed in the aggregate principalamount of $22,150,000. The mortgage was collateralized by the premises and was payable inmonthly installments of $187,884, including interest at 8%, commencing September 1, 2004 throughDecember 1, 2023, at which time any unpaid principal and interest was payable. The loan alsostipulated the establishment of a maintenance fund to supplement the cost of major repairs to thepremises and requires an additional $2,500 to be deposited monthly. During the year endedJune 30, 2012, the loan was refinanced in the amount of $18,750,000 and the balance of themaintenance fund of $267,279 was returned to the Corporation. The refinanced mortgage notebears interest of 4.94% and calls for quarterly payments of principal and interest, which commencedon April 1, 2012. The refinanced mortgage note matures on October 1, 2031.
In April 2013, A Better Place, L.P. transferred the building assets to A Better Place HDFC, at whichtime A Better Place HDFC assumed responsibility of the mortgage loan held by A Better Place, LP.The mor ge l6an is-with the New York City HPD, with a balance of $2,044,866 ärfd $2128426 asof June 30, 2014 and 2013. The mortgage loan is collateralized by the building assets. The loan hastwo parts: the Shelter Care portion and the Capital portion. The Shelter Care portion is $319,360and $319,360 as of June 30, 2014 and 2013 with interest at 0.25%. The Capital portion is$1,725,526 and $1,809,066, as of June 30, 2014 and 2013. During the years when the contractbetween the New York City Human Resource Administration - Division of AIDS Services and theentity affiliated through a common board of trustees is in effect, the Capital portion is being paid inmonthly installments of $18,743, including interest in arrears at 8%. Thereafter, interest only,calculated at 1% of the Capital portion, is payable monthly from cash flow and a balloon payment forany unpaid principal and accrued interest is due at the end of 30 years, or December 1, 2025.
The Corporation entered into numerous loans for the purchase of vehicles. The loans requiremonthly payments consisting of principal and interest. The interest on the loans is in the range of2.9% to 8.99%. The loans are collateralized by the vehicles purchased. The outstanding balance onvehicle loans as of June 30, 2014 and 2013 was $616,912 and $578,785, respectively.
In May 2013, Webster Green HDFC, Inc. entered into an acquisition and predevelopment loan in theamount of $3,010,000 associated with property located in Bronx, New York. The note bears interestat 6.6% on the outstanding unpaid principal. Interest on the note accrues and is payable at maturity.The loan is collateralized by the property. The entire balance of the debt is due and payable at theearliest of the date of the construction loan closing or December 1, 2014. As ofJune 30, 2014 and 2013, the outstanding balance on the loan was $2,826,932 and $2,542,923.
Pursuant to a lease dated June 21, 2006, and First Amendment of the Lease dated December 31,2007 between the Corporation and East 102nd St. Realty (CF) LLC, the Corporation shall reimburseEast 102nd St. Realty (CF) LLC for costs incurred in excess of $184,870 to improve the premisessubject to the lease. The balance to be reimbursed amounted to $147,740 and is payable in 101monthly installments of $2,015, including interest at 8%, commencing December 1, 2008. Theoutstanding balance as of June 30, 2014 and 2013 was $61,112 and $79,590, respectively.
On July 30, 2010, The Doe Fund was awarded a program-related investment in the form of a multi-year interest-free loan for a total amount of $75,000. The loan calls for disbursal over three years in$25,000 increments starting on July 30, 2010, and repayment in three installments of $25,000starting on July 31, 2013. On October 24, 2012, this agreement was mutually changed by theparties to a total of $50,000 in two installments of $25,000. As of June 30, 2014 and 2013, theoutstanding balance was $25,000 and $50,000, respectively.
Continued 27
H - --
The aggregate annual maturities of the mortgages and notes for the five years subsequent toJune 30, 2014 are as follows:
For the Years Ending Payable by
June 30, Corporation
2015 $ 322,969
2016 8,339,481
2017 271,642
2018 131,890
2019 100,793
Thereafter 184,057
Total $ 9,350,832
10 - TEMPORARILY RESTRICTED NET ASSETS
Reimbursed
by Contract Total
$ 732,206 $ 1,055,175
771,648 9,111,129
814,010 1,085,652
858,428 990,318
905,369 1,006,162
17,648,800 17,832,857
$ 21,730,461 $ 31,081,293
At June 30, 2014 and 2013, temporarily restricted net assets are as follows:
2014 2013
$ - $ 107,824
56,114 80,626
96,154 242,624
12,500 191,052
- 17,217
73,965 428,351
- 10,000
- 396,729
- 50,000
3,830,295 713,106
$ 4,069,028 $ 2,237,529
Capital renovations at the Porter Avenue facilityRWA programRWA Porter veterans programRWA Philadelphia programRWA Philadelphia youth programRWA Harlem youth programPorter Avenue - Peter J. Sharp residenceHuman Capital CampaignDevelopment of Webster AveGeneral Support (time restriction)
Total Temporarily Restricted Net Assets
17 - NET ASSETS RELEASED FROM RESTRICTIONS
During the years ended June 30, 2014 and 2013, net assets were released from donor restrictionsby incurring expenses satisfying the restricted purpose or by the occurrence of other eventsspecified by donors, as follows:
Capital renovations at the Gates Avenue facilityCapital renovations at the Porter Avenue facilityRWA programRWA Porter veterans programRWA Philadelphia general supportRWA Philadelphia youth programRWA youth programPorter Avenue - Peter J. Sharp ResidenceDevelopment of Webster AveGeneral support
Total Net Assets Released from Restrictions
2014 2013
$ - $ 354,335
107,824 2,176
159,512 69,147
146,470 1,403,660
191,052 191,052
17,217 1,533
504,386 253,763
10,000 -
50,000 -
4,375,606 1,986,894
$ 5,562,067 $ 4,262,560
Continued 28
I 8 - MAJOR GOVERNMENTAL CONTRACT AND GRANT REVENUE
The Corporation has entered into service contracts and grant agreements in connection with theRWA and A Better Place Housing Development Fund Corporation programs, with the New York CityHuman Resource Administration ("HRA") (including HIV/AIDS Services Administratiän ("HASA")),the U.S. Department of Labor ("DOL"), U.S. Department of Veterans Affairs ("VA"), the U.S.Department of Housing and Urban Development ("HUD"), Philadelphia Office of Supportive Housing("OSH"), New York City Department of Design and Construction ("DDC"), New York State Divisionof Criminal Justice Services ("DCJS") and the New York City Department of Homeless Services("DHS").
During the years ended June 30, 2014 and 2013, the contracts and grants generated revenue as
2014
2013
Government AgencyHASA/HRADOLVAHUDOSHDHS
$ 2,000,9481,761 ,4781,965,6553,265,6482,111,047
13,558,375
$ 1,887,3862,111,6641,966,3983,374,1061,501,169
12,414,880
Total
$ 24,663,151 $ 23,255,603
19 - RETIREMENT PIN
The Corporation maintains a 401(k) retirement plan (the "Plan") for the benefit of its eligibleemployees who can voluntarily participate. Eligible employees are employees who have completedat least one month of service and have attained the age of 18.
Employees make contributions to the Plan in amounts based upon limits established by Sections402(g) and 414(v) of the Internal Revenue Code. The Plan's assets are invested in certain self-directed income, money market and equity funds. The Corporation may contribute to the Plan bymeans of a matching contribution or a qualified nonelective contribution.
The Corporation's matching contribution is a discretionary percentage of the participant's salarydeferrals up to a certain percentage of the participant's compensation, as determined by theemployer each year. The Corporation's nonelective contribution is a discretionary amount that isallocated among the participants in the ratio that each participant's compensation bears to the totalcompensation of all eligible participants. In order to share in any nonelective contributions, theparticipant must be actively employed on the last day of the plan year and have completed at least1,000 hours of service during the plan year. The Corporation may designate all or any portion of acontribution as a qualified nonelective contribution. There were no employer contributions to thisplan for the years ended June 30, 2014 and 2013.
20- RELATED PARTY TRANSACTIONS
In May of 2010, The Doe Fund, Inc. renewed its lease with the President of the Corporation with anew expiration date of April 30, 2015. The annual aggregate base rent payable under this lease is$173,625 and $178,833 for each of the one-year terms ending April 30, 2014 and April 30, 2015.Lease payments for the years ended June 30, 2014 and 2013 were $174,493 and $169,410,respectively.
Continued
29
For the years ended June 30, 2014 and 2013, the Corporation recognized management fee revenuefrom its investee limited liability companies and partnerships it manages, as follows:
2014 2013
A Better Place, L.P. $ - $ 39,336TDF 2000 Partners, L.P. 104,145 104,736Stadium Court Associates, LLC
58,481 56,327
Total Management Fees
$ 162,626 $ 200,399
At times, the Corporation pays expenses and deposits income on behalf of these partnerships, forwhich they are billed. As of June 30, 2014 and 2013, the amounts due from these limited liabilitycompanies and partnerships are as follows:_,
2014 2013
TDF 2000 Partners, L.P. $ 53,863 $ 16,904Stadium Court Associates, LLC
96,071 55,388
Total Due from Affiliates
$ 149,934 $ 72,292
21 - Tx STATUS
The Doe Fund, Inc., A Better Place Housing Development Fund Corporation, Gates AvenueHousing Development Fund Corporation, Ready, Willing & Able, Inc., Ready Willing & AblePhiladelphia, Inc., Number One Single Room Occupancy Housing Development Fund Corporation,Back Office of New York, Inc., Porter Avenue Housing Development Fund Corporation, andGreene-Quincy Housing Development Fund Corporation are exempt from Federal income taxesunder Section 501(c)(3) of the Internal Revenue Code ("IRC"). Ready, Willing & Able America andWebster Greene Housing Development Fund Corporation have applied for exempt status fromfederal income taxes under Section 501(c)(3) of the IRC and applicable state law. Iron HorseManagers, LLC, Pest at Rest, LLC, Pest at Rest Newark LLC, 700 Gerard, LLC, 55 Clifton Place,LLC, TDF 170th Street, LLC, Summit Avenue Center for Opportunity, LLC, TDF Tiffany Street, LLC,
TDF E. 148th Street, LLC and TDF Bruckner, LLC are single-member limited liability companieswhose single member is The Doe Fund, Inc., and as such, they are considered disregarded entitiesfor tax purposes. The Doe Fund, Inc. made an election to treat Doe 21st IH, LLC as a separatetaxable entity under Section 1 68(h)(6)(F)(ii) of the IRC.
22 - COMMITMENTS
The Doe Fund, Inc. has entered into six operating leases in the New York metropolitan area andNewark, New Jersey. The leases are for The Doe Fund, Inc.'s administrative spaces at East 102ndStreet and East 84th Street in Manhattan, the office space of Back Office of New York, Inc. in theBronx, supplemental spaces to the RWA program in Brooklyn and the Bronx, and Pest at RestNewark in Newark, New Jersey.
These leases expire on various dates through June 2027.
The Doe Fund, Inc. is further committed to numerous vehicle and equipment operating leasesexpiring on various dates through December 2016.
In October 2009, The Doe Fund, Inc. entered into a sublease, which commenced December 1,2009 and expired November 30, 2012, to rent a portion of its administrative space. OnNovember 26, 2012, the sublease was renewed and is now set to expire on April 29, 2017. Rentreceived during the years ended June 30, 2014 and 2013 amounted to $218,027 and $302,175,respectively.
Continued 30
Future minimum annual rentals for the years subsequent to June 30, 2014 and in the aggregate are:
Years Ending June 30,20152016201720182019
Thereafter
Total
23 - SUBSEQUENT EVENTS
MinimumLease Sublease Net Lease
Commitments Income Commitments
$ 1,216,059 $ (204,067) $ 1,011,992
1,008,320 (217,832) 790,488
731,918 (191,387) 540,531
317,586 - 317,586
330,532 - 330,532
2,631,796 - 2,631,796
$ 6,236,211 $ (613,286) $ 5,622,925
Subsequent events have been evaluated through February 25, 2015, the date the combinedfinancial statements were available to be issued.
Sugar Hill Apartment LLC was formed on August 14, 2014 to develop and operate affordablehousing for persons of low income. On August 20, 2014, this corporation acquired the propertylocated at 828 St. Nicholas Avenue, New York, New York to develop approximately 30 units ofaffordable supportive housing. Funding for the acquisition was provided by a loan with FJC in theamount of $1,700,000. This loan accrues interest at the rate of prime plus 3%, computed on thenumber of days elapsed and a 360-day year and is payable quarterly. The loan is collateralized bythe property. The principal of the loan is payable upon the earlier of closing on the constructionfinancing for the premises or August 19, 2015.
31
RA1 C Hfl-ENDE ()MALT&I. LLPCERTiFID' puB!scAcc0UNTANT5 & ADViSORS
1375 Broadwap 15th FloorNew. York. NeW York 10018212.944.4433Z12.944.5404 (fax)cpa9re-co.com
Officth NgWYbr9Gtj6 WA IShnI NwJsy
*NDEI'ENDEN'I AUDITORS EppRrON SUPPLEMENTARY lNFORwiITION
Board ofDirecto?s.The Pe Fjfhd, liio. ad AffiliatesNew York; NéW'York
We have audited the combined fIançial statements of The. Doe Fund, lb., and. Affiliates, -a not-.fqr-projitorganization as ofan ortd for the years ended June 30 2014 and 2013 and have issUed otir rep thereon datedFelruary 25,201'5, Which expressed an unmodified opinion on those combined financial statements which appearoIi rages I and 2.. Our audits were conducted for the purpose of forming an opinion on the combined financialstatements as a whole The combining schedules on pages 33-36 and 39-46 are presented for the purposes ofadditional analysis of the combined financial statements rather than to present the financial position and results ofthe operations of the ihdtvidUäl entities, and it is not a required part of the combined financial statements. Thecombined ched'ule on pages 37 and 38 is presented for the purpose of additional analysis of the combinedfinancial statements, and is not a required part of the combined financial statements Such information is theresponsibility of management and was derived from and relates directly to the underlying accounting and otherrecords used to prepare the combined financial statements The supplementary information has been subjected tothe auditing procedures applied in the audit of the combined financial statements and certain additionalprocedures, including comparing ajici reconciling such information directly to the underlyingying accounting and otherrecords used to prepare the combined financial statements or to the combined financial statements themselvesand other additional prçcedrires in accordance with auditing standards generally accepted in the United States ofAnietica In our opiniOr the supplementary information is fairly state in all material iespo(s in ilation to tlie:cofl)bihecjfji.anqil staterpents.as a whole.
,
eleCREMMVALThRZ CO. LLPNow York, New YorkFebrUary 25,2015
PrimeGlobaf I JdengFirxng 32
THE DOE FUND, INC. AND AFFILIATESCombining Statements of Financial Posit/onJune 34 2014(with comparative totals for June 30, 2013)
ToW D48 6964 RWA 67/A G.1..Am,. AD.tWPt.ce, PW AneoNo. I .c. Pr.'Wr..rc
A. W r'.b,1Or..., nestMWO..Ad. 1,,O 0001. 4110. P000000pM. A,rr.,Is. ?IOPC 110F0 560 91077 t/DFCO.y'.7/o,rr HOFO 76r9.lIor, 2674 2013
ASET1.C Mo.),
C..h.r4u.heqijv.iei8. $ 519,4I9 5 1,020 $ 1,537 1.541 S - $ 4,331 216 $ 548 $ - 297 5 - $ 526.907 9 403,676R.cstoebbt. 3,510,142 20,839 1.609,758 572,177 - - 770,550 28,558 979,470 - - - 7,580,494 5,559,374
13,162 - - - * - - - - , . 13,162 93,079kw..Imert.
62,264 906 35 24,799 - - - - ' ' * 901,907 251,508P,.p.ld t0v111.11
67,106 - 18,775 38,285 6,697 . - 25,917 . . - 158,300 54,218001.: iec.SebIa.
• - - - • . - . . . - - - 9.085,575Aconod llOeie,t i.c.io.bl.
4,192,693 37,668 1,715,105 036,808 - 9,697 714.601 29,776 1,058,935 . 267 8,394,650 7.492,719
990,099 980,286 96,154
39,805,854 - 90,940,990 - . 145,743 - . 1,392,070 . (44,134.733) 149,934 72,252
- - - 315,314 - . is - 395,384 306,127
2014,003 80,798 15,006 6,670 . 4,995 38,255 35,430 . - - 371,501 417,242
- - - * 455,247 . - . • * - 455,247 426,622
- • . - - ' . 249,048 . . . 249,040 321,357
7,668,516 371160 1,442,035 732.64? - 1,,617 1,925,091 99,935 17,167,001 . 3,328,539 . 34,306,508 28,555,325
- - . • - - - . * . - - 250,000
- - * - . . . . • • - - 24.351,154
3 45,053,362 $ 469,628 3 14,109,125 6 1,315,099 S - 3 2,296,298 5 2,978,547 It 120,711 5 16,461,482 3 9,252,079 $ 3,238,896 $ (44,134,723) 5 45,292,94 5 62,164,962
8 78,711 S - $ 44,675 3 104,501 $ - $ - $ 60,169 $ $ 737,113 $ - S - $ - $ 1,052.170 9 887,327
- - - • - - - - . 1,505,090
3,760,932 5,415 286,837 61,676 - 45,363 6,942 338,551 - 332,400 - 4,835,066 4,273,930
72,009 (3,320) (42,059) (3,285) - - 377 (14,305) 11,489 . . - 20,921 28,689
• - 282.584 96,409 - • - - 243,921 * - - 624,930 643,979
4,697 . - - • • 671 - . * 409 - 10,257 6,585
- - • - . - • - - . - - 6,102
32,132 -- - . • - 32,132 50.130
8,088,455 4,016,737 16,403,943 2,110,521 403,534 - 2,537,947 321.721 10,072,4)3 - 90.352 (44,934.123)
- - . - . - • - . . • • • 132,329
12,037,142 4,05,627 16,975,580 2,371,858 493,034 - 2.574,527 314,358 11,385,437 • 427,441 (44,134,723) 6,163.481 7,504,073
339,303 468,728 . • - 2,959 . - . . - 809,190 860,595
5,312.825 - 102,011 019,436 - 2,317,782 1254,797 - 16,895,407 , • 2,626,932 - 30,026,119 24,170,623
- • . - • - • • • * * - • 20.458.949
11,689,270 4,485,555 17,077,597 2,988.096 493,034 2.317,792 4.631,403 314,358 28,280,644 . 3,254,313 4034,723) 37,297,709 58,634,239
23,533,797 (4,015,929) (3,099,551) (1,625,271) (453,534) (98,483) (9,652,656) (193,647) (9,915,516) 1,392,070 (16,477) - 3,616,097 3,293,094
32304295 • 930.079 12505 - - - - 96.954 . • • 4,069,028 2,321,529
27,364,092 (4,0(5.929) (2,908.475) (1,012,717) (493,534) (96,483) (1,652,650) (193,947) (9.815.3874 1,392,079 (19,471) • 7,885,925 5,530,623
$ 45,053202 5 469,926 5 14,190,109 5 1,375,519 It - 5 2,219,069 5 2,618,547 5 120.711 $ 19,481,482 9 1,592,070 $ 3,238,999 $ (44,134,732) 5 45.292.994 5 62,164,962
See independent auditors report on supplementary Information. 33
R.c.Mbl..Doe Son .57.1..9.01148.0.9415060 1...ine.Dep..11.Defend 0004.9.48...)De land 0009.9. 0,.)Net propedy 0e)18.15 r.ciov.bl.Irr,5.Irl.n). 1.I,.)
LIAnILrrIESColilen) U.billO..
C01854 o.lo6e. .)ion94enn debttin. oIcodItAccost, payable and accrued ..p.rue.PayrS 80.0 p.9.6?.
Tr.ir.. .e0196e p.7.616.1104051. 00'c8l00
Deterred tev.rn..D.P.M. PayableD. Is .781.?..Court potion at deterred rail born larid1....
Delayed uer8ru4ie.oe Incentive.LoflQ.lafln debt, net.? oor.rrt nrntoliJe,SeIned 1.14 Son cr41.....
N.1A83.t. (DeIIc04Ur.e.l,ict.d1.inpo?oiltyue.tiiuted
THE DOE FUND, INC, AND AFFILIATESCombining Statements of Financial Posit/on for The Coe Fund, Inc.June 30, 2014 (wIth comparative totals for June 30, 2013)
TOFReaF EstateThe On. and Pester Pest .1 Iron Horse RWA MullerArmy crotona Park Rogers Avenue Totel Total
Fund, Inc. Property Services R-4 LLc Rest Newark M.nega,-e, LLC Pathways Res.,-v.HDFC HOFC HOFO 2014 2013
$ 365,428 5 - $ 4,303 $ - $ 101 $ - $ 65,025 5 29,351 $ 52,208 $ 519,419 $ 455,381
2,932,393 1,881 257,166 - - 67,627 231,075 - 3,510,142 1,335,817
13,162 - - - - - - 13,162 13,079
82,284 - - - - - - - - 52,264 262,411
67,706 - - - - - - - 67,706 10,001
- - - - - - - - 1,0115,076
3,463,53 1,861 261.469 - tOt 87,627 296,103 29,351 52,206 4,192,693 3,161,765
980,296 - - - - - - - - 980,296 -
31,455,558 - - - 355,296 - - - - 31,805,854 28,616,406
187,633 : 4,845 15,525 - - 206,003 208,479
1,202,149 152,464 12,981 - - 148,487 638,690 1,666,877 3,648,688 7,666,016 2,061,962
- - - - - - - - - - 250,000
- - - - - - - - - 24,221,154
$ 37,289,599 It 154,345 3 274,490 $ - $ 350,397 $ 240,959 $ 1.149,518 S 1,896,228 $ 3,698,976 $ 45,053.392 $ 58,649.785
$ 45.012 $ - $ 5,478 5 - $ - $ 28,227 $ - 5 - 5 5 78.717 5 04,916
- - - - -1,500.000
3,513.554 24,790 18,311 - 23,261 - 181,096 - 3,765,932 3,668,913
28,722 18,830 6,268 - - 17,369 - - - 72,009 55,108
4,897 - - - - - - - - 4,897 4,891
- - - - - - - - - 5,254
32,132 - - - - - - - 32,132 32,132
- 5,947,229 1,230,939 9,294 - 82,849 504,693 206,919 56,815 6,089,455 7,298,254
- - - - - - - - - - 122,329
3,624.317 5,991,568 1,281.018 9,294 - 151,706 554,613 398,015 58,815 12,037,142 12,771,063
339,303 - - - - - - I - -339,303 435,406
41,100 - 6,338 - - 80,796 - 1,515,000 3,669,593 5,312,625 204,197
- - - - - - - - - - 23,488,948
4,004,720 5,991,506 1,267,352 9,294 - 212,502 554,613 1,903,015 3,745,208 17,689,270 35,910,084
29,454,574 (5,037,221) (992,602) (9,294) 350,307 28,457 593,905 (6,787) (47,332) 23,533,797 20,983,314
3,830,295 - - - - - - - - 3,830,295 755,427
33,294,069 (5,037,221) (992,902) 19,2941 350,387 28,457 593,905 (8,787) (47,332) 27,304,092 21,738,801
$ 37.289,089 5 154,345 5 274,450 3 - 5 350,397 $ 240.959 3 1.148.518 $ 1,898,228 $ 3.698.878 $ 45,053,302 S 08.649,705
ASURTSCntA.saefa
Cash and cash equivalentsReceivablesInvestmentsPrepaid expensesOther receivablesAccrued Interest receivable
ReceivablesDue from affiliatesRestricted and landed reservesDepositsDeterred mortgage costNet property assetsLoans receivableInvestments In land
LIA139LJTIgBCurrant Llebllltlea
Current malurtisa of long-term debtLine olcredtAccounts payable and accrued expensesPayroll taxes payableRefundable advancesDeterred revenueDeposit payableDue to affiliatesCurrent portion of deterred rent from land leases
Deterred rent and tease IncentivesLong-term debt, net of current maturitiesDeterred rent from land leases
Net Assets (DeflcIQUnrestrictedTemporarily restricted
See Independent auditors' report on supplementary information. 1 34
THE DOE FUND, INC.. AND AFFILIATESCombining Statements of Financial Posilion for Ready, Wflllng & Able, Inc. (RWA)June 30, 2014 (with comparative totals for June 30, 2013)
LLAIUTIECurrent Uabilltl.e
Current maturities of long-term debtAccounts payable and accrued expensesPayroll taxes payableTrainee savIngs payableDeterred revenueDue to affiliates
Deterred rent and lease IncentivesLong-terra debt, net of current maturities
net or current maturities
Net Asset. (Deficit)UnrestrictedTemporarily restricted
NWA NWAR.souro. - NY/A row routHvl.m R.coswy J.r.eyCI(y 2014 2013
$ 5,037 $ - $ - $ 1,537 $ 3,199
1,082,525 - 38,453 1,689,756 1,548,842
- - - 35 1,765
18,775 - - 18,775 14,145
1,102,337 - 38,453 1,710,155 1,564,971
- - 10,640,990 8,650,481
7,616 - - 15,008 19,882
1,396,537 - I - 1,442,022 1,450,706
3 2,506,690 $ - $ 35.453 9 14,108,125 S11,693,840
NY/A
NY/A5-
Data. Day
Current AnUsCash and cash equivalents
$ 509
Recalvabtas
588,700Prepaid expenses
35Other receivables
569,315
Due from ollOntes
10,840.900Deposits
7.192Net property asset,
45,465
$ 11.562.982
$
$ 17,473 $ - 5 27,202 $ - S - $ 44,675 5 32,527
75,695 18,593 191,960 - 169 289,537 254,692
(6,380) - (32,723) - 54 (42,055) (18,278)
65,354 15,004 201,556 - 282,584 283,310
• - - - - - 648
• 445,125 10,650,398 809,717 4,499,303 16,403,543 14,4(2,771
149,142 479,782 11,035,413 809,717 4,488,525 16,975,580 14,985,669
29,952 - 72,065 . - 102,017 99.120
579,094 479,782 11.110,478 805,717 4,495,526 17,077597 15,064,909
11.393.668 (479,782) (6,733,667) (809,717) (4,460,073) (3,099,551) (3,591,223)
- - 130,079 - - 130,079 220.074
11,363,668 1479,7921 (6,603,758) (909,717) (4,400,073) 12.969,4721 13.371,1491
$ 11,562,992 $ - $ 2,508,690 S - 3 36,453 3 14,105,121 $ 11.693,540
See independent auditors' report on supplementary information. 35
THE DOE FUND, INC AND AFFILIATES
Combining Statements of Financial Position for A Better Place HDFCJune 30, 2014 (with comparative totals for June 30, 2013)
A Better Place Scatter Site Total TotalHDFC Return 2014 2013
$ 2,102 $ 2,229 $ 4,331 $ 9,399
343,039 427,511 770,550 762,059
345,141 429,740 774,881 771,458
-- 315,314 - 315,314 305,986
4,980 33,275 38,255 34,105
1,850,097 - 11850,097 1,876,411
$ 2,515,532 $ 463,015 $ 2,978,547 $ 2,987,960
$ 90,169 $ - $ 90,169 $ 83,453
32,830 12,533 45,363 42,389
(1,684) 2,061 377 1,448
671 - 671 -
1,683,796 854,151 2,537,947 2,370,915
1,805,782 868,745 2,674,527 2,498,205
- 2,159 2,159 3,501
1,954,717 - 1,954,717 2,044,973
3,760,499 870,904 4,631,403 4,546,679
(1,244,967) (407,889) (1,652,856) (1,558,719)
(1,244,967) (407,889) (1,652,856) (1,558,719)
$ 2,515,532 $ 463,015 $ 2,978,547 $ 2,987,960
ASSETS
Current AssetsCash and cash equivalentsReceivables
Restricted and funded reserves - --DepositsNet property assets
LIABILITIESCurrent Liabilities
Current maturities of long-term debtAccounts payable and accrued expensesPayroll taxes payableRefundable advancesDue to affiliates
Deferred rent and lease incentivesLong-term debt,
net of current maturities
Net Assets (Deficit)Unrestricted
See independent auditors' report on supp!ementaiy information. 36
I -
THE DOE FUND, INC. AND AFFILIATES
Combined Statements of Revenue and Expenses
Pot The Years EndedJune 30,
2014 2013Unrestricted
Support and revenue:DonationsCorporate and foundation grants
--Contracts ______________ - -Government grantsManagement feesSpecial eventsDirect benefit expenseOther earned revenueRoom and boardIn-kind revenue
Net assets released from restrictions
Operating ExpensesSalaries and incentivesPayroll taxes and benefitsLegal, professional, and management feesOccupancy costsOffice expensesTravel and meetingsClient servicesEquipment, furniture, and vehicle purchasesEquipment maintenance and repairsVehicles and transportationAid to clientsFinancing expensesInsurance and taxesBad debt expenseMiscellaneousIn-kind goods
Increase in unrestricted net assets beforedepreciation and amortization and other income and expense
Depreciation and amortizationInterest and investment incomeRealized and unrealized gain (loss)Realized (loss) on disposition of assetsRevenue from the sale of 421-a CertificatesBad debt expense from uncollectible promisesBad debt expense from the sale of 421-a CertificatesInterest income from certificate loansRental income from land leasesGain on disposition of assets
Increase (decrease) in unrestricted net assets
Continued
$ 5,641,521 $ 7,896,745
1,294,124 746,151
19,852,068 18,03,915
5,062,423 5,495,234
162,626 200,399
1,697,039 1,709,936
(353,380) (434,354)
4,763,880 4,459,146
2,457,082 2,195,944
87,798 34,404
40,665,181 40,312,520
5,958,797 4.937,560
46,623,978 45,250,080
24,295,183 24,089,383
5,330,453 5,577,598
1,034,903 1,132,988
3,102,466 2,693,993
1,618,400 1,669,562
216,382 332,080
4,284,683 4,376,208
183,250 212,050
124,093 189,902
1,123,347 1,165,795
1,149,758 1,314,260
1,208,572 1,077,835
63,792 53,620
262,959 173,732
3,823 23,289
87,798 33,806
44,089,862 44,116,101
2,534,116 1,133,979
(1,586,931) (1,627,307)
473 632
1,694 (4,641)
(77,708) -
- 397,129
(420,000) (675,000)
- (397,932)
- 434,295
71,359 122,329
- 185,404
(2,011,113) (1.565,091)
523,003 (431,112)
See independent auditors' report on supplementary information. 37
THE DOE FUND, INC. AND AFFILIATES
Combined Statements of Revenue and Expenses (Continued)
For the Years EndedJane 30,
2014 2013
Temporarily RestrictedSupport and revenue:
Donations 7,480,296 -
Corporate and foundation grants 310,000 1898,507
7,790296 1,898,507
Net assets released from restrictions:Bad debt expense from uncollectible promises (396,730) (675,000)
Satisfaction of purpose restriction (5.562,067) (4,262,560)
(5,958,797) (4,937,560)
Increase (decrease) in temporarily restricted net assets 1,831,499 (3,039,053)
Increase (Decrease) In Net Assets 2,354,502 (3,470,165)
Net Assets -beginning 5,530,623 9,000,788
Net Assets -end $ 7,885,125 $ 5,530,623
See independent auditors' report on supplementary information. 38
THE DOE FUND, INC. AND AFFILIATESCombining Statements of Revenue and Expenses - DetailedFor the Year Ended June 30, 2014 (wIth comparative totals for June 30, 2013)
I IOWA IOWA IOWA 0086,As.ns'. AI.t664p!,o. No, P Poe*rA#,a,e Ppr*rAnene,. V/.WAW ThI ThI
Do. R.,4 698. 0860. Mo, PrINA4104we 4,50,10. 89010 11010 SRO 890193 HOF000jrplioo.aeo 11010 EIOeidreNomne 2014 2043
3 3,728,967 It 1,786,582 3 114,508
218,509 803 359,750 312.565
835.805 . 5,506.207 2.111.503
1,762.280 . 2914,9271,283.486
1,994,829 . 2.210(353,380)
611,754 81,880 1,147,738 m5ma741,501 335.637
87,768
10.628.068 62,680 12,806,428 3,071,659
4,405,427 . 374995 509798
14,443,495 6200 12.981,420 3,381,829
3 . 3 $ . 53,949 3
20,068 302,900
2,075,612 146.564 9,626,727
• 7,221 • 378,019104,146
450,890 . 1,470,210
205,611 . . 1.124,353
265,671 2.561.750 290,710 13,003,651
• . • 560,876 356.730
265,911 2561,723 250,710 13.564,027 398,730
It . It 5641 521 $ 7,896,745• . 1,284,124 746,151• • 19,602,008 11,889,919
5003,450 9,495,234
(8,195,050) 163,629 206,299
1,852029 1,709,036
(353,380) (434,354)
4,763,880 4,459,149
2,457.082 2.195,544
- . 87,798 34.404
(1,195,006) 40,665,161 40,312,520
- . 5,958,797 4,937,500- (1,195.016) 46,623,978 45.256.080
tOlr,eotrtct.dSupped .rrd,ec'enu.
DerieOerroCorporate and tocoda5on5rnr4c
0858018
Goverrnnerg Rrer4eManagement leesSpecial event.Direct berreflt expiresOilier seined revere.RoOm end beadl,r.birrd revenue
Net assets released from reeblcbora
OpOme.tlng Erpe,e.aeSalaries end IrcarOlneaPayroll texas and beneftLegal. profseetonal, end moregemert leesOuucrpefloy coat.Office expense
Trnvol end meetingsCited earvineeEq,dpmard, furniture. and netecte posloaeeEq,dprnent melnrarietoe and r.p.ireVehicle. and tran.porlellcnAid to otierdeFlrrsnolrg aopsnieestorrance end lanesBed debt eoponreeMlenelleneocaIn'klrrd goods
8,499,748 542821 7.540,682 1,750.785
1,289,964 67,320 1,574,237 350,550
934,773 59,018 477,608 3,644
919,647 198,204 207.528 134,230
900,500 118,603 162,277 86,107
118,505 . 24,806 19,689
214,898 50,456 1,759,574 282,100
665 . 69,514 11,817
45,331 11,775 38,288 2,876
534,777 . 456.070 87,877
901.318 . 143,508 26.211
106,059 978 36,850 15,1897
63,349 35 . ISO
102,976 . 101,7102,626
67,798 ____
11,002,902 568.366 12344,662 2842,407
789,185 145.454 7.759,330• . 252627 52,568 1,703,119- 8,149 236,197 . 549,520
380,829 160,541 15 1,028,052
47,162 8,819 209,652• ' 11,902 406 40,776• . 550.506 3,148 1,697,003
81.154• . 6,131 651 17,039
2,550 • . 442,273
769,940 • 101,035- 104 143,737 576 802,075
55 104 79 3558,273
• . 1,195
= 399,482 2,601,548 211,708 14,658.316
24,599,183 24,089,383
5330,453 5,577,598
(1,195,004) 1,034,903 1,132,988
19,456 . 3,102,468 2,683,993
1,618,450 1,665,562
219,382 332,010
4,264,683 4,376,596
193,290 212,050
124,093 106,862
1,123,347 1,165,795
8,149,758 1.314,260• 38 . 1,208,572 1,077,035• . • 83,79253,820
592,908 173,732• . . 3,823 23,209
87,799 33,808
= 15,477 (1,195,006) 44.089,912 44,116,101
Increase (decrease) in macsided net assets before dapr.cl800nand amodicellon and cOre, boone end aop.ra.
Depreciation and amortlaotnvbeer..) and )rrvaelm.rt booneRealised and cae.eiioed gem (In)
esided (lose) on 8eposnionolassetsRevere. from the salad 421.0 CerllfraleeBad debt erporiea from meooliacllbla premise.Bad debt anperree from la asia .1421 .. CerlilionleaInterest Income from certificate ken.Rental Inco.. freer lend ieee..Gain On diepoalllon 61 asset.
Increase (decrease) In mnaslrlclsd not easels
Continued
2,640,593 505.660) 636.758 449,421
(285,638) (76,373) (145,086) (28,160)122
1,694(27709)
71,359
(290,171) (18.310) (145,086) (59,166)
2,550,450 (502.996) 488,672 421.255
- (123,811) (39,628) 39,602 (1,133.785) 398,730 (15.477) - 2,534,116 1,133.979
(65,911) (54,603) (6,808) (924,359) . . - (1,586,931) (1,027,307)
358 • . . . . 473 633• . . • . • • . 1,684 (4,641)- . • • . . . (77,706)
- . • • . . . . . 397,129- , • . • (459 001) . (450050) (075000)
(397,033)- . . . . . . . -434,295- . . . . . . . 75,359 182,320• . . . . . . - 185.404
(65,811) (54,353) (9.864) (924,329) (429.000) . . (2011.113) (1,565,091)
- (189,423) (94,137) 32,134 (2,059,116) (50.270) (15,477) • 550,013 (431,113)
See Independent auditors' report on supplementary informatIon. 39
THE DOE FUND, INC. AND AFFILIATESCombining Statements of Re venue and Expenses - Detailed (Continued)For the Year Ended Juno 30, 2014 (with comparative totals for June 30, 2013)
7I i.ml RW,4 MA RWA O,..A6wx,. AD.lkrP86o. N661 P69*rA..00 PrA89n86 I3ONo,O,o TI*,o. ammo 6,.. Am,.,lo. 800139 NOFO IRe IIOFO NOFOOYPS.D,mo, 800139 EmM,.Wom. 1074 2013
T.mpo,m4IyR..5001.dSuppoif and ,fltflca:
D.n.Iiono - - - - - - - . , - - - 7.480.306
Co,poml. and bmd.0ongmd.
tfNAfl.M RW.n.d from 6015feaon,Sod doN onp.to. from ,mo5.dJbI. proof...s.0of.oIIoo of prop... re.IdolIon
Ito.....(d.cr.n.) In t.mpoIotRy mInded n.l5010I3
Intone,. (D.—ass) In N.IA*fl.
140A (1340o1Q - b.5Itflng
N.IA...t. (0N70I1) - . nd
- . 205,000 25,000 3I0, 1.698.507
7.480.306 . 285,000 25.000 7.780,296 1,898,601
- (396.730) - - (396,730) (673,960)
(4.405.427) . (374,995) (220.769) - . . (560,879) - . - (5.562,967) (4,262,560)
3.074,869 - (891965) (195,780) - . - . (560.676) (396.730) . - 1,831,499 (3.039,053)
3,074 1869 - (68,995) (195.769) - . - . (560.876) (396,730) - . 1.831.459 (3.038,053)
5,629,291 (512.556) 405,677 225,486 - (199,4 (94,537) 32,134 (2,818,994) (420,000) (15,477) - 2.354,502 (3,410,169)
21,738,601 (3,433,873) (3,311.148) (1,828,253) (492.034) 150,958 (1.558.719) (225.781) (7.260,368) 1.812.015 - - 5.530.623 9.000.788
8 27,364.092 $ (4,015.029) 8 (2,869,472) $ (1.652,777) $ (493,034) $ (98,483) 5 (1,652,808) $ (193,847) 5 (9,819.362) $ 1,292,078 3 (15,417) $ - 7,885,125 3 5.530,622
See Independent auditors' report on supplemenfar, information. 40
$ 3,726,867 $ $ - $ - $ - $ - $ - $218,509
- 141,373 - - - - 694,532
782 - 1,781,478 -
1,195,005 58,491 - - - -
1,694,829 - - - -
(393,369) - - - - - -
9,855 82,500 719,657 - - 782 -87,798
6,580,265 282,354 718,657 - - 1,762,250 894,5324,405,427
10,985,692 282,354 719,857 - - 1,762,260 694,532
- $ 3,728,887 $ 5,989.655- 218,509 8,100- 835,505 186,155- 1,762,280 2,116,211- 1,253,488 1,232,709- 1,694,829 1,702,809- (353,390) (432,271)- 811,794 775,595- 87,798 34,404- 10,038,068 11,613,567- 4,405,427 1919,573- 14,443,495 13,033,140
L*xr.oIrlcftdSupport and revenue:
Donations
Corporate and foundation grantsContract.Government grantsManagement feesSpecial eventsDirect benett expenseOilier earned revenueIn-kind revenue
Net assets released from restrictions
- $
THE DOE FUND, INC. AND AFFILIATESCombining Statements of Revenue and Expenses for The Doe Fund, Inc.For tIne Year Ended June 30, 2014 (with comparative totals for June 30, 2013)
WfRuIEitat,F& Dole and P.,t.t Peat at than Were. MICA MuN.rAnrly Crotunapa* P.crg.raAvenu. Total Total
Pl,e4 Inc. PeCerr SaMe.. RuE LLO Rut N.w.r* Manager. LW Plthouy, R.,.ry.IIO,'V IIOFO HOPO 2014 2013
Operating ExpansesSalaries and incentive.Payrot tines and benefitsLegal, professional, and management leesOccupancy coatsOffice expensesTravel and meetingsClient servicesEquipment, luuribjra, and vehicle purchasesEquipment maintenance and repairsVehicles and transportationAid to clientsFinancing expense.Insurance and taxesBed debt expanseMiscellaneousIn-kind goods
Increase (decrease) in unrestricted net scents beforedepreciation and amonttatioo and other income and expense
Depreciation and amortizationInterest and investment incomeRestized and unrealized gain 000.)Reelzed (loss) on disposition of assetsRevenue hem the sate of 421. CertificatesBed debt expense from the sate of 421-s Ceritcatesinterest Income hum certificate loansRental inrome from land lease*
Increase (decrease) In unrestricted net assets
Continued
4,747,344 244,783 443,346
684,600 43,731 126,309
739,417 129,703 11,586
444,639 212,893 24,749
904.158 9,169 23.885
99,999 8,345 5,541
3.310 - 101,683
7.582 - 2.047
43,349 289 SOt
38,762 22 73,054
29,216 -
68,551 47 2,493
83,191 54 52
- - 192,976
2.628 -
87,799 - -
8,172,519 838,015 918,147
2,813,173 (355,661) (199,490)
(230,020) (6,789) (5,195)
122 -
1,694 -
(77,706) -
71,359 -
(234,553) (6,789) (5,195)
2,578,620 (382,450) (204,685)
- - 1.084,293 - - - 6.499,746 0,644.514- - 259,344 - - - 1,289,984 1,650,051- - 63,087 - - . 934,773 1,018,680- - 83,045 100,235 8.757 47.332 919,647 682,374- - 43,295 - - - 980,500 974,930- - 8,629 - - - 116.505 139,318- - 109,925 - - - 214,699 299,212- . (8,944) - - 865 27,779- - 1,213 - - - 45,331 84,258- - 22,939 - - - 134,777 135,359- - 72.100 - - - 101,316 78.269- -
6,506 392 30 . 108,088 71.145- 52 - - - - 83,349 52,055- - - - - - 102,976 122,770- - - - - - 2,928 8,613
- - - - . 87,798 33,806
- 52 1,719,423 100,627 6.787 47,332 11,602,902 12,000,133
• (52) 42,637 593,905 (6,787) (47,332) 2840,593 1,533,007
- - (43,634) - - - (285,639) (340,113)- - - - - - 122 100- - - . - - 1.694 (4,841)- - - - - - (77,709) -- - - - - - - 397,129• - - - - - (397,932)
- . - - - - 434,295- - - - - - 71,359 122,329
- - (43,934) - - - (290,171) 211,227
- (52) (797) 593.905 (6,787) (47,332) 2,855,422 1,744,234
See Independent auditors report on supplementary information. 41
A.
THE DOE FUND, INC AND AFFILIATESCombining Statements of Revenue and Expenses for The Doe Fund. Inc. (Continued)For the Year Ended June 30, 2014 (with comparative totals for June 30, 2013)
Th.Do. IVPRuIE,tat.angt Put at PastaS Iron Hof" RWA MuM.rAnny CrofteaParic Nog.roAv.nu. Total TotalFSmd. Inn. PPOS.rvfc.a Meg LW MoStNefflInk Manager, LLO PaMwiy, symrv,HDFC HOFO HDFC 2014 2013
Temporarily ResfricftdSupport and revenue.,
Donations
7,460,256Corporate and foundation grants
175,000
7,480,296 - - - - - . - . 175.098Net assets released from restflcl:ons:
Satisfaction of purpose restriction
(4,405421) - . - . - . - (4,405,427) (1,919,573)3,074,669 - - . . . . - - (4,405,427) (1,744,573)
Increase In temporarily restricted net assets
3,074,969 - - . - - - - - (4,405,427) (1,744,573)
Increase (Decrease) In Net Meets
5,653,469 (362,450) (204,665) - (52) (797) 593,905 (6,787) (47,332) (1,855,005) (339)
Nat Asset. (Dell nit) - beginning
27,631,390 (5,474,771) (786,217) (9,294) 350,449 20.254 - - - 21,138,601 21,739,140
Net Assets (Deficit) - and
$ 33.284,960 5 (5,837,221) $ (692,902) S (9,294) 3 350,391 $ 26,457 $ 593,905 $ (6,787) $ (47,332) $ 19,883,796 5 21,739,901
See Independent auditors' report on supplementary lnfonnation. 42
THE DOE FUND, INC. AND AFFILIATESCombining Statements of Revenue and Expenses for Ready, Willing & Able, Inc. (RWA)For the Year Ended June 30, 2014 (with comparative totals for June 30, 2013)
RW4 RWA RWA MW4Ma,owo. MINA Total TotalBrooklyn Cit., DayHa,t.n, Raoovaiy Jarny city 2014 2013
tinreulnlcied
Support and revenue:
Donations $ 1,786,562 3 - $ 3 - 3 - $ 1,706,562 $ 1,756061Corporate and foundation grants 222,750 - 131,000 - - 359,750 598,646
Corrhacis1449,004 3,607,203 - - 5,050,207 4,049,002,Govemmen(granta 1,070,704 - 1,644,143 - - 2,914,927 2,825,921Direct benefit expense - - - - - -Other earned revenue 1,009,019 - 739,659 - - 1,747,738 2,157.936Room and board - - 741,221 - - 141,221 667,696In-hind revenue * - - - -
5,537,169 - 7,069,228 - - 12,606,425 12,652,324Net assets released from restrictions - - 374,995 - - 374,995 304,899
5,537,199 - 1,444,221 - - 12,901,420 13,157,023Operating Expenses
Salaries and Incentives 1,791,222 414,699 5,034,942 - - 7,240,662 7.130.534Payrot taxes and benefits 360,601 36,443 1,147,193 1.574,237 1,574,770Legal, professional, and management lees 172,613 - 304,965- - 411,609 518,472Occupancy costs 4,395 - 263,133 - - 267,528 449,313
onceeupensen 43,566 087 118,104 - - 192,277 207,961
Travel and meetings 6,050 - 18,758 - - 24,008 51,913Ctientservices 465,787 97,511 1,246,276 - - 1,729,574 1,779,404Equipment, furniture, and vehicle purchases 5,514 5,238 10,784 - - 99,514 102,504Equipment maintenance and repairs 21,093 Il 16,678 - - 36,288 50,123Vehicles and transportation 903,045 3,915 349,110 - - 406,070 544,287Aid to 'tents 44,150 000 86,276 - - 143,228 180.878Financing expenses 25,834 575 12,449 - - 38,956 38,124Insurance and taxes - - - - - 50Bad debt expense - - 101,710 - - 101,710 3.383Mlncefianenon - - - - - 5,009
3,074,490 479,702 9,790,390 - - 12,344,662 12,634,992
Increase (decrease) In unrestricted net assets beforedepreciation and amortization and other Income and expanse
2,462,709
(1,348,169)
638.756 522,141
Depreciation and amortization
(20,145)
(124,941)
(145,086) (205,512)Interest and Investment Income • 66Gain on diipcoltinn of assets - 185,494
Increase (decrease) in unrestricted net assets
2,442,564
(1,471,110)
495,672 009,599
Continued
See Independent auditors' report on supplementary information. 1 43
THE DOE FUND, INC. AND AFFILIATESCombining Statements of Revenue and Expenses for Ready, Willing & Able, Inc. (RWA) (Continued)For the Year Ended June 30, 2014 (with comparative totals for June 30, 2013)
RW4 AVIA ?!WA RWAR.souro. RWA Tots! rots/
BrooklynDayHa,f.m R.00v.iy Jars.? City2014 2013ThmporartIy Ranfr(ct.d
Support and revenue:Corporate and foundation grant. - - 285,000 - - 285,000 405,000
- - 285,000 - - 285.000 405,000Net assets released from rae frictions:
Satisfautton of purpose restriction - - (374,985) - - (374,995) (304,699)
- - (88,995) - - (09,995) 105,301
(Decrease) Increase In terrrporar8y restricted net easels - (89,995) - (69,995) 100,301
Increase (Decrease) In Net Ascot. 2,442,564 (479,782) (1561.105) - - 401,677 606,900
Net Assets (0.5ci)) - beginning 8,941,324 - (1,042,693) (809,711) (4,465,073) (3,371,149) (3,978.049)
Transfer. - L. - - - - -
Nat Assets (OeflcIt) -end 5 11,393,889 $ (479,782) $ (9,603,788) $ (909,711) $ (4,460,013)
$ (2,069,472) $ (3,371,149)
See Independent auditors' report on supplementary Information. 44
'p
THE DOE FUND, INC. AND AFFILIATESCombining Statements of Revenue and Expenses for A Better Place HDFCFor the Year Ended June 30, 2014 (with comparative totals for June 30, 2013)
A Seller Place Scatter Site Total Total
HDFC Return 2014 2013
UnrestrictedSupport and revenue:
Corporate and foundation grantsContractsGovernment grants
- Other earned revenue -In-kind revenue
Net assets released from restrictions
Operating ExpensesSalaries and incentivesPayroll taxes and benefitsLegal, professional, and management fees
Occupancy costsOffice expensesTravel and meetingsClient servicesEquipment maintenance and repairsVehicles and transportationAid to clientsFinancing expensesInsurance and taxesBad debt expenseMiscellaneous
(Decrease) increase in unrestricted net assets beforedepreciation and amortization and other
income and expense
Depreciation and amortizationInterest and investment income
(Decrease) increase in unrestricted net assets
Continued
$ 20,000 $ - $ 20,000 $ 17,500
939,039 1,136,573 2,075,612 1940,314
7,221 - 7,221 -
237,979 220,911 458,890 266,835
1,204,239 1,357,484 2,561,723 2,224,649
1,204,239 1,357,484 2,561,723 2,224,649
501,815 287,370 789,185 727,946
176,513 76,114 252,627 213,670
109,306 126,891 236,197 146,140
121,836 38,705 160,541 64,392
39,655 7,527 47,182 50,596
2,420 9,482 11,902 7,780
110,392 12,114 122,506 128,628
7,869 262 8,131 6,295
- - - (258)
- 769,968 769,968 849,935
142,793 944 143,737 28,736
104 - 104 102
35,281 22,992 58,273 27,565
1,158 37 1,195 2,145
1,249,142 1,352,406 2,601,548 2,253,672
(44,903) 5,078 (39,825) (29,023)
(54,663) - (54,663) (12,014)
351 - 351 -
(54,312) - (54,312) (12,014)
(99,215) 5,078 (94,137) (41,037)
See independent auditors' report on supplementary information. 45
- - -- .-
r b j
THE DOE FUND, INC. AND AFFILIATESCombining Statements of Revenue and Expenses for A Better Place HDFC (Continued)For the Year Ended June 30, 2014 (with comparative totals for June 30, 2013)
A Heifer Place Scatter Site Total TotalHDFC Return 2014 2013
Temporarily RestrictedSupport and revenue:
DonationsCorporate and foundation grants
Net assets released from restrictions:Satisfaction of purpose restriction
(Decrease) increase in temporarily restricted net assets
(Decrease) Increase In Net Assets
Net Deficit- beginning
Net Deficit - end
(99,215) 5,078 (94,137) (41,037)
(1.145,752) (412.967) (1,558,719) (1.517,682)
$ (1,244,967) $ (407,889) $ (1,652,856) $ (1,558,719)
See independent auditors' report on supplementary information. 46
1tV)s OF
CipVG