2024-11-04T11:40:39-08:00 2023-12-31 593635567 Fontana CPAS 13007 W Linebaugh Ave Tampa FL 33626 990 2023-01-01 232746544 Community Initiatives Development Corporation COMM 9417565700 15375 Blue Fish Circle Lakewood Ranch FL 34202 Frances Brandt President 9417565700 2024-11-04 true true Eric Fontana P01867525 7277999533 2024-11-04 2023 2024-10-15 13:58:12Z Frances Brandt 15375 Blue Fish Circle Lakewood Ranch FL 34202 7123077 false X N/A X 1995 FL Assisting municipalities to aid residents. 7 5 2 0 0 0 0 4222668 6021542 2585 16856 4435985 1084679 8661238 7123077 0 0 342176 197344 0 0 5512685 7129282 5854861 7326626 2806377 -203549 113442988 109605186 98740439 96143037 14702549 13462149 Assisting municipalities to aid residents. false false 7258541 0 6021542 Assist municipalities for economic development or affordable housing and to lessen the burdens of local governments to service the needs of their residents. 7258541 true false false false false false false false false false true false true true true true true true false false false false false false false false false false false false true false false true false false false false false false false false false false false true false false false false true 7 0 true 2 true false false false false false false false false false false false false X 7 5 false false false false false false false true true false false true true true true false true false false false NY X X Community Initiatives Development Corporation 9417565700 15375 Blue Fish Circle Lakewood Ranch FL 34202 James Laurenzo Chairman 0.50 X 0 0 0 Nelson Bregon Vice Chairman 40.00 X 62000 0 6230 Frances Brandt President 40.00 X X 100000 0 10200 Timothy Warfield Secretary 0.50 X X 0 0 0 Anthony Marshall Treasurer 0.50 X X 0 0 0 Britt Kobularcik Director 0.50 X 0 0 0 Mary Ann Loewenstein Director 0.50 X 0 0 0 162000 0 16430 false false false Rent Income 531110 5839070 0 0 Consulting Income 541610 143390 0 0 Project Income 900099 39082 0 0 6021542 16856 0 16856 Reimbursed Expenses 900099 1084679 1084679 0 0 1084679 7123077 7106221 0 16856 162000 162000 0 0 16430 16430 0 0 5620 5620 0 0 13294 13294 0 0 11200 0 11200 0 115435 115435 0 0 1596 0 1596 0 10103 10103 0 0 3229691 3229691 0 0 3033532 3032745 787 0 135802 135802 0 0 Telephone 8668 0 8668 0 Miscellaneous Expense 108826 62992 45834 0 Property Tax 121636 121636 0 0 Repairs and Maintenance 352793 352793 0 0 7326626 7258541 68085 0 2566879 2222591 147290 204281 191445 66333 112187952 15011936 99511630 97176016 31505 31500 10994239 9904465 113442988 109605186 228476 307860 13883644 13306141 81807802 79723178 700000 700000 1126365 1126365 994152 979493 98740439 96143037 X 14702549 13462149 14702549 13462149 113442988 109605186 -203549 -1036851 X false true X true false X 0 0 30000 30000 1863155 2225634 3562918 4222668 6021542 17895917 0 0 1863155 2255634 3562918 4222668 6021542 17925917 0 0 0 17925917 14942 17175 2055 2585 16856 53613 14942 17175 2055 2585 16856 53613 285418 1642856 4435985 1084679 7448938 25428468 0.70500 0.68440 0.00210 0.00190 X Pt III Ln 12 Other Income Part III, Line 12 Description: Reimbursed expenses 2020: 285418. 2021: 1642856. 2022: 4435985. 2023: 1084679. 0 8137272 8137272 103948545 14911775 89036770 102135 100161 1974 97176016 Investment in CIDC Lake Park, LLC 1500 C Investment in 03 Asset Management, LLC 30000 C 31500 Interest rate swap - market adjustment 9904465 9904465 Interest Payable 466895 Interest rate swap - market adjustment 512598 979493 X 7123077 7123077 7123077 7326626 7326626 7326626 Pt X, Line 2 The Organization is a nonprofit corporation exempt from income taxation under Section 501(c)(3) of the Internal Revenue Code. This provides for the exemption of organizations that are organized and operated exclusively for religious, charitable, scientific, literary or educational purposes, and whose net earnings do not inure to the benefit of any private shareholder or individual. However, income from certain activities not directly related to the tax-exempt purpose may be subject to taxation as unrelated business income. In accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740 Income Taxes, which clarifies the accounting for the uncertainity in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. The Organization recognizes a 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 the taxing authorities. Management evaluated the tax positions of the Organization and concluded that the Organization has no material uncertainties in income taxes. The Organization is no longer subject to income tax examination by U.S. federal, state or local authorities for years before 2013. A Rensselaer Cty Industrial Dev Agency 141614433 759921DU0 2008-01-30 19275000 See Part VI - Supplemental Inf false true false B Albany County Capital Resource Corporation 471806168 000000000 2019-09-16 7723011 See Part VI - Supplemental Inf false true false C Albany County Capital Resource Corporation 471806168 000000000 2020-12-01 48604101 See Part VI - Supplemental Inf false true false D Albany County Capital Resource Corporation 471806168 000000000 2021-04-01 19386000 See Part VI - Supplemental Inf false true false A 5870000 19275000 987578 18287422 2009 false false true false B 578375 7723011 154438 7568573 2020 false false true true C 589382 48604101 1429317 47174784 2022 false false true true D 1350180 19386000 149417 19236583 2021 false false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 true B false false false false 0.00000 0.00000 0.00000 false false 0.00000 true C false false false false 0.00000 0.00000 0.00000 false false 0.00000 true D false false false false 0.00000 0.00000 0.00000 false false 0.00000 true A false true false 0.000000000000 false 0.000000000000 false false B false true false 0.000000000000 false 0.000000000000 false false C false true false 0.000000000000 false 0.000000000000 false false D false true false 0.000000000000 false 0.000000000000 false false A false B false C false D false Pt I-A col (f) Acquire land and a building, renovate the building, acquire and install various machinery and equipment to be leased by Rensselaer Polytechnic Institute in Troy, New York, to be used as a student housing facility and related activities. Pt I-B col (f) Acquire land and construct building(s)to be used as an educational facility in Colonie, New York. Upon building completion, organization will furnish, lease, maintain, and renovate building(s). Pt I-C col (f) Acquire land and construct building(s)to be used as an educational facility in Colonie, New York. Upon building completion, organization will furnish, lease, maintain, and renovate building(s). Pt I-D col (f) Acquire land and building in Colonie, New York. Renovate building and, upon completion of renovations, lease building to the Board of Cooperative Educational Services of Albany-Schoharie-Schenectady-Saratoga Counties for use as an administrative and educational facility. A Albany County Capital Resource Corporation 471806168 000000000 2021-04-01 390000 See Part VI - Supplemental Inf false true false A 26966 390000 3006 386994 2021 false false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 true A false true false 0.000000000000 false 0.000000000000 false false A false Pt I-A col (f) Acquire land and building in Colonie, New York. Renovate building and, upon completion of renovations, lease building to the Board of Cooperative Educational Services of Albany-Schoharie-Schenectady-Saratoga Counties for use as an administrative and educational facility. Pt VI, Line 11b A copy of the 990 is e-mailed to the directors and officers. They are asked to review it and submit their questions or vote of approval by e-mail. Pt VI, Line 12c The corporations provisions for conflict of interest are specified in Article X, Section 9.01 of the corporations by-laws. A director who has a conflict of interest with any corporation business is required to recuse him/herself from voting on the matter although he/she may state a position on the matter and respond to questions about it. Said director may be counted in determining a quorum for the meeting at which the matter was voted upon, but the minutes of the meeting shall reflect that the disclosure was made and that said director abstained from voting. Pt VI, Line 19 The corporations governing documents, i.e. Articles of Incorporation and By-Laws (includes conflict of interest procedures), are available upon written request. The corporations financial reports, i.e. 990 and audit, are available upon written request. CIDC Hudson House LLC 15375 Blue Fish Circle Lakewood Ranch FL 34202 371494147 Economic Development NY 228157 2184080 CIDC RC Housing I LLC 15375 Blue Fish Circle Lakewood Ranch FL 34202 800331024 Economic Development NY 1568267 10949683 CIDC CIDC Colonie LLC 15375 Blue Fish Circle Lakewood Ranch FL 34202 834443138 Economic Development NY 780521 11735274 CIDC CIDC Colonie II LLC 15375 Blue Fish Circle Bradenton FL 34202 844688865 Economic Development NY 2450397 63985349 CIDC CIDC Colonie III LLC 15375 Blue Fish Circle Bradenton FL 34202 861899136 Economic Development NY 1901257 19808366 CIDC CIDC Lake Park LLC 15375 Blue Fish Circle Bradenton FL 34202 871775540 Economic Development FL 700000 CIDC