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Agenda 03-07-19 B1 1 �►.�+'I �1 Q�,�\�\„B E AC Ki C R A COMMU N ffY REDEVELOPMENT AGENCY CRAAdvisory Board Meeting Thursday, March 7, 2019 -6:30 PM Intracoastal Park Clubhouse, 2240 N. Federal Highway, Boynton Beach, FL 33435 561-737-3256 ADVISORYE 1. Call to Order A. MEETING VIDEO 2. Roll Call 3. Agenda Approval A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda 4. Information Only A. Financial Report Period Ending February 28, 2019 5. Public Comment 6. Consent A. Approval of CRAAdvisory Board Meeting Minutes- February 7, 2019 7. Assignments A. Pending Assignments B. Reports on Pending Assignments C. New Assignments 1. Dicsussion and Consideration of the CRA's MLK Jr Blvd Project Conceptual Development Terms 2. Discussion and Consideration of the CRA's Cottage District Infill Housing Project Conceptual Development Terms 3. Consideration of Equitable Economic Development Grants 8. CRA Board Items for CRAAdvisory Board Review and Recommendations A. Old Business B. New Business 1. Discussion and Consideration of the Purchase for the Property Located at 1101 N. Federal Highway 9. Future Agenda Items 10. Adjournment Notice THE CRA SHALL FURNISH APPROPRIATE AUXILIARY AIDS AND SERVICES WHERE NECESSARY TO AFFORDAN INDIVIDUAL WITHA DISABILITYAN EQUAL OPPORTUNITYTO PARTICIPATE INAND ENJOYTHE BENEFITS OF A SERVICE, PROGRAM OR ACTIVITY CONDUCTED BY THE CRA. PLEASE CONTACT THE CRA, (561) 737-3256,AT LEAST 48 HOURS PRIOR TO THE PROGRAM OR ACTIVITY IN ORDER FOR THE CRA TO REASONABLY ACCOMMODATE YOUR REQUEST. ADDITIONAL AGENDA ITEMS MAY BE ADDED SUBSEQUENT TO THE PUBLICATION OF THE AGENDA ON THE CRNS WEBSITE. INFORMATION REGARDING ITEMS ADDED TO THE AGENDAAFTER IT IS PUBLISHED ON THE CRNS WEBSITE CAN BE OBTAINED FROM THE CRA OFFICE. 1 B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY ADVISORY BOARD ITEM 1.A. CALL TO ORDER SUBJECT: MEETI NG VI DEO SUMMARY: MEETI NG VI DEO 1 I, AGENCYB E AC H C R A COMMUNITY REDEVELOPMENT ADVISORY BOARD ITEM 4.A. INFORMATION ONLY SUBJECT: Financial Report Period Ending February 28, 2019 SUMMARY: Attached is the monthly budget report for February 2019 representing the Agency's revenues and expenses (Attachment 1); Statement of Revenues, Expenditures and Changes in Fund Balance Report (Attachment 11); and Budget Comparison Schedule - General Fund (Attachment III). CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan and FY2018-2019 CRA Budget ATTACHMENTS: Description D Attachment I - Monthly Financial Report for Period Ending February 28, 2019 D Attachment II -Statement of Revenues, Expenditures and Changes in Fund Balance Report D Attachment III - Budget Comparison Schedule I H 00 0 ww H o o 0 o N II m LO m o c� Ln 0� o o II o N LO in o a omoLO X00 o MCo C � C � o00 II w CG W in ,� 61 61 m 01 � in N N N 61 O N ,� O O O - w c� Ngo � N � � II LO ,� Nm oo o ,� ,� C C C m C C o in in �o �n II o � (n o� mcnNCO LO m oo � W II II z u N u N � u u 00 00v o II o 000 oo �n o �0 000 ooc� ca o0 00 0 o II o 000 000 ori o00 000 II w cG 00 00 0o II o 000 cooco o - 000000 II w o N 0 n II O C C m o o H h II H H N II W II II o m m m - in M m 0 o C0 in m 0 0 m II m w o N m N II 0 0 0 C� C� N o 0 0 � o 0 0 0 m H o ooC� LO (n II m H o H O N C0 N rl O C0 m 61 m rl N N O m rl f� O II II . . . . . . . . . . . . . . . . . . . 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Ca CG 0. m m m In In x o0 000 H CD q q a q 0 a U U H z o II o w w H II O C7 z o II o ca H o II FC cC a o II m ca o II � w II rx w �n II N w u z N u N � u ca o IIII o w II a cC o II o El wx O El U I I z u w u w o IIII Ca H w w o II N H Q o u FC ,� i al II m El w II c�i H x O O o II o a o II o x w u � o II o w x H Baa z > Illi x a o H zHw zc� II z w II ax O W cn Q H IIII w � x N IIII u w u c4 I I �n II o H IIII z w u cH7 Q m IIII rx a II O c� II W CC H H Q z w cn a w x � W H H cn c4 H H H a 'Z w o� co O � w O z z a o H m w z W w w i w w H x N Z W El W aw N w o H o H BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach,Florida) Statement of Revenues,Expenditures and Changes in Fund Balances Through Year to Date-February 22,2019 Total Debt Service Governmental General Fund Projects Fund Fund Funds REVENUES Tax increment revenue $ 12,558,411 $ $ $ 12,558,411 Marina Rent&Fuel Sales 376,038 376,038 Contributions and donations - - Interest and other income 109,792 98,384 1,497 209,674 Total revenues 13,044,241 98,384 1,497 13,144,123 EXPENDITURES General government 1,294,518 - - 1,294,518 Redevelopment projects - 923,287 923,287 Debt service: - Principal - Interest and other charges - - - Total expenditures 1,294,518 923,287 - 2,217,805 Excess(deficiency)of revenues over expenditures 11,749,723 (824,902) 1,497 10,926,318 OTHER FINANCING SOURCES(USES) Funds Transfers in - 7,462,303 2,136,465 9,598,768 Funds Transfers out (9,598,768) - - (9,598,768) Total other financing sources(uses) (9,598,768) 7,462,303 2,136,465 - Net change infund balances 2,150,955 6,637,401 2,137,962 10,926,318 Fund balances-beginning of year 2,402,302 11,105,679 91,183 13,599,164 Fund balances-end of year $ 4,553,257 $ 17,743,080 $ 2,229,145 $ 24,525,482 Footnote: Transfers between funds include monies received from TIF and carryover from general fund balance. The notes to the basic financial statements are an integral part of this statement. I BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of the City of Boynton Beach, Florida) Budgetary Comparison Schedule General Fund Through Year to Date - February 22, 2019 Original Budget Final Budget Actual REVENUES Tax increment revenue $ 12,421,686 $ 12,421,686 $ 12,558,411 Marina Rent&Fuel Sales $ 1,000,000 1,000,000 376,038 Interest and other income $ - - 109,792 Total revenues 13,421,686 13,421,686 13,044,241 EXPENDITURES General government 3,822,918 3,822,918 1,294,518 Total expenditures 3,822,918 3,822,918 1,294,518 Excess of revenues over expenditures 9,598,768 9,598,768 11,749,723 OTHER FINANCING SOURCES(USES) Carryover fund balance - Transfers out (9,598,768) (9,598,768) (9,598,768) Total other financing sources(uses) (9,598,768) (9,598,768) (9,598,768) Net change in fund balances $ - $ - 2,150,955 Fund balances-beginning of year 2,402,302 Fund balances-end of year $ 4,553,257 The notes to the basic financial statements are an integral part of this statement. 1 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY ADVISORY BOARD ITEM 6.A. CONSENT SUBJECT: Approval of CRA Advisory Board Meeting Minutes - February 7, 2019 SUMMARY: See attached minutes. CRAAB RECOMMENDATION: Approve February 7, 2019 CRAAdvisory Board meeting minutes. ATTACHMENTS: Description D February 7, 2019 CRAAB Minutes MINUTES OF THE CRAADVISORY BOARD MEETING 4 INTRACOASTAL PARK CLUBHOUSE 2240 N. FEDERAL HIGHWAY k BOYNTON BEACH, FLORIDA 33435 HELD ON THURSDAY, FEBRUARY 7, 2019, AT 6:30 P.M. PRESENT: STAFF: Linda Cross, Chair Michael Simon, CRA Executive Director Robert Pollock, Vice Chair Thuy Shutt, CRAAssistant Director Anthony Barber Theresa Utterback, CRA Dev. Svcs. Mgr. Allen Hendricks Bonnie Nicklien, Administrative Services Rick Maharajh Lisa Tayar, Prototype, Inc. Golene Gordon Thomas Devlin 1. Call to Order The meeting was called to order at 6:33 p.m. 2. Roll Call Roll was called, and it was determined a quorum was present. 3. Agenda Approval A. Additions, Deletions, Corrections to the Agenda — None B. Adoption of Agenda Upon motion duly made and seconded, the Agenda was unanimously approved. 4. Information Only A. Financial Report Period Ending January 31, 2019 No questions. B. Neighborhood Officer Program 1St Quarter Report for FY 2018-2019 Sgt. Diehl and Officer Paramore gave a Power Point presentation on the first quarter of FT 2018-2019. Among the many events were: • Participation in: o The Farm Share program, handing out food in Greenacres along with the Cub Scouts. o At Thanksgiving 75 turkeys were distributed, o Family activities at Christmas. o Community Conversation meeting. • Heart of Boynton Association o Caretaker luncheon. o Boynton Beach Coalition of Clergy for Hurricane Michael relief. Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 7, 2019 o Gave help with homework/reading in Read with a Cop (also known as Sweat with a Cop). o Career Day at Galaxy Elementary. o Meet the Experts. o Teamed with Crime Prevention Unit for Trunk or Treat event. o Thanksgiving food giveaway. o Christmas Holiday Parade and Tree Lighting. o Fill the SWAT Truck with toys. o Engagement meeting: Meet the Chief. • Town Square Public Input Meetings. o Centennial for MLK Day. o Renaissance. • Shop with a Cop at Walmart and other venues (Officer Rivera returned). • Mentoring at Burk's Early Learning Center. • Team up with Boynton Strong. • Operation Secret Santa. • Cub Scout Holiday Party. • Read/Sweat with a Copy Holiday toy give-away. • Field Day at Poinciana Elementary. • Toys/Gift cards for displaced Palm Beach Gardens family. • Kids' Pajama Jam (donated 40 pajamas) at CDC. Heart of Boynton Association Awards for Sgt. Diehl and Officers Paramore and Rivera were received in appreciation of all the hard work and dedication throughout the year. Criminal statistics information is not yet completely compiled from numbers in 2017 and 2018. Sgt. Diehl could report that calls have dropped 13.7%; overall City crime decreased 25%; serious crimes are down; and overall lower crime stats. There will be a full report at the next meeting. 5. Public Comment— None 6. Consent A. Approval of CRAAdvisory Board Meeting Minutes — December 6, 2018 Motion made by Ms. Gordon, seconded by Mr. Devlin, to approve the December 6, 2018, minutes. In a voice vote, the motion passed unanimously (7-0). 7. Assignments A. Pending Assignments 1 . None B. Reports on Pending Assignments 1. None C. New Assignments from November 13, 20187 CRA Board Meeting 1. Discussion Regarding an Educational/Job Training Grant 2 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 7, 2019 Ms. Shutt recapped the item, stating at the January 8 CRA Board meeting, the Board directed Staff and the CRA Advisory Board to work with legal counsel to explore the feasibility of developing an educational/job training grant. The memo (attached in Board Packet) summarizes the CRA's limited ability to fund scholarships and other educational efforts not clearly stated in the statute as such. It is the opinion that it reaches further than the mission and statutory requirements of the Redevelopment Act. The counsel does recommend seeking the Attorney General's opinion to clarify the matter. Though not binding, it would provide protection against a law suit. The statute mandates are more for brick and mortar projects and funding of such; not for the benefit of individuals or non-profits with respect to scholarship money. Mr. Devlin asked for the background for this question. Ms. Shutt stated it was concerning training, building skill sets, apprenticeships, and career development towards wealth building/economic development on a City- wide perspective. The CRA already has a non-profit program for economic development and job creation purposes, but not particularly for student development and nurturing. It is geared more toward the head- of-household job creation. Chair Cross added the CRA money is not for an individual, but for infrastructure, business, or non-profit that would provide job training to a larger group of people; the letter from the lawyer was clear. Mr. Simon noted the memo was not available the night the assignment was made. It came up during discussion re: job career events. The desire is to train people. The incubator concept can train people in business development and is more of an economic development with a statutory connection than a CRA Grant program; and if the memo is not clear, the Attorney General's opinion can be sought. Mr. Barber agreed the memo is clear; however, suggestion was made for a stipulation that CRA could not make any scholarship provisions without conditions. Several scenarios were given to illustrate this. Perhaps the best recommendation would be to not go forward with this at all. Mr. Simon added that the relationship of education and training to the mission of the City is activating more of an economic impact to the citizens. Vocational schools and college interconnectivity is a discussion which could spawn non-CRA initiatives. Mr. Hendricks stated the memo is clear enough on what CRA can and cannot do. Potentially, something could be done with the schools in the district, like a satellite office for South Tech. It is outside of CRA scope, but is something the City could do. 3 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 7, 2019 Motion made by Mr. Barber, seconded by Mr. Devlin, to recommend to the CRA Board that we do not look further into this at all, in any way, shape, form, or fashion, as it is outside the scope of what the CRA does. In a voice vote, the motion passed unanimously (7-0). 8. CRA Board Items for CRAAdvisory Board Review and Recommendations A. Old Business 1. None B. New Business 1. Consideration of Grant funding for the Boynton Beach CRA FY 2018- 2019 (Winter) Nonprofit Organization Grant Program Ms. Shutt gave the overview, that this is the second half of this year's grant. Only one applicant applied, the Habitat for Humanity of South Palm Beach County. The request/allocation is $75,000 (maximum allowed for each applicant). The Review Committee determined that the application meets or exceeds the allocated percentage and 95% of the application was aligned with the program guidelines. They have a $7 million budget, this amount is only 1%, and will be used to leverage other dollars, grants, sweat equity, whatever is needed to bring more results into the CRA area. After the approval of the grant, the applicant was asked to provide a list, identifying the allocation of the funds. The grant application identified for construction three single-family units (two of which are attached units); Ms. Shutt gave a further breakdown within the CRA district, including the rehabilitation of existing homes. As part of the process, Staff will take pictures and audit paperwork, reimbursements will be justified through receipts and documentation before a check is released, and what steps are taken for justifying that all milestones are met. Mohamed Abdalla, Senior Director, Government and Community Affairs, for Habitat for Humanity said that everything will fall within the Seacrest area of Boynton Beach. Ms. Shutt added there is a 12-month cycle for the construction. Mr. Abdalla said an attempt is made to keep the homeowners invested through their Ambassadorship Program, which helps to build strong partnerships; other volunteers include previous recipients of the Habitat program. Mr. Hendricks wondered where the lots are located. Ms. Shutt said the three lots are listed on the cover of the report and are on NE 12th Avenue and NW 6th Avenue. Also, for the existing homes that need repair, every request for reimbursement is checked to be sure it is within the CRA district. Discussion followed on the disposition of HUD properties for building or demolition. HUD is open to talking about partnering with CRA 4 Meeting Minutes CRA Advisory Board Boynton Beach, Florida February 7, 2019 to get those lots built out. In June, during budget planning, these lots will be considered. Mr. Abdalla and Ms. Shutt have met with Commissioners, the Mayor, and the City Manager addressing this issue and Habitat for Humanity is ready to build on the lots. The mission is to create new taxpayers while noting that empty properties bring crime, drugs, traffic, and, therefore, Habitat is on board to work closely with the City of Boynton Beach and the CRA. Mr. Hendricks added that "piano keys" are missing in the north by the canal and vacant lots are not attractive, don't help neighborhoods, and this will help bring that neighborhood back to a wholeness. Motion made by Mr. Pollock, seconded by Mr. Maharajh, to approve the grant to Habitat for Humanity. In a voice vote, the motion passed unanimously (7-0). 9. Future Agenda Items- None 10. Adjournment Upon motion duly made and seconded, the meeting was adjourned at 7:16 p.m. [Minutes transcribed by M. Moore, Prototype, Inc.] 5 1 I, AGENCYB E AC H C R A COMMUNITY REDEVELOPMENT ADVISORY BOARD ITEM C.1. NEWASSIGNMENTS SUBJECT: Dicsussion and Consideration of the CRA's MLK Jr Blvd Project Conceptual Development Terms SUMMARY: On January 8, 2019, the CRA Board selected Centennial Management Corp. (CMC) as the project developer for the CRA owned properties located on E. Martin Luther King Jr. Boulevard, the subject of a RFP-RFQ issued on June 18, 2019, and directed staff to begin negotiations of a proposed Purchase and Development Agreement. In addition to providing a conceptual design layout, CMC's Proposal included several funding options for the Project, each offering varying amounts of required CRA funding, development timelines, and the income ranges of future residents to be served (see Attachments I & I I). CRA staff and the CMC development team met on January 23, 2019, to discuss the design and funding details of their proposal. The main areas of focus were on the number and type of units, the target income and eligibility of the future residents, the commercial layout, and the various financial/funding scenarios presented in their proposal. Considerable discussion took place regarding the incorporation of a property/unit ownership component. At their February 12, 2019, meeting, the CRA Board tabled the item and gave CRAAB a new assignment to perform a review of CMC's proposal, allow for public comment and provide the CRA Board with their recommendations on the following items: • the various financing options available to CMC (Attachment III - CRA Project Fund Summary) • the area median income categories served within the project's residential components • overall site plan components as presented These factors are important in order to provide guidance to the CMC development team as they formulate their future development pro forma and financing packages. FISCAL IMPACT: FY 2018-2019 Budget, Project Fund 02-58200-406, $1,600,000. CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan - Heart of Boynton District and the Downtown Vision & Master Plan. CRAAB RECOMMENDATION: 1. Review and make recommendations for the Proposed Project design layout, area median income served and financial options as submitted by Centennial Management Corp.; and, 2. Recommend that the CRA Board authorize CRA staff and legal counsel to continue negotiations with Centennial Management Corp. for a maximum 60-day period to begin preparation of a formal Purchase and Development Agreement. 3. Consider other options or actions as determined by the Board. ATTACHMENTS: Description D Attachment I -CMC's Proposed Project Summary D Attachment II -CMC's Proposed Financial Options D Attachment III -CRA Project Fund Summary D Attachment IV -CMC Presentation at 03.07.19 CRAAB Meeting i i I !I I i • i AL I zt Wool OWN 404 3 POE* POO . i V 0 � F- Uj LU tJ Q Z Q J Q z Z W z W u 4-+ c� ro t.r i�p R7 u- .Q Q ca � C1C U U cn c a� � 3 • E iJ c O m V) c N i 4--J to a 01 W ° O p S2 _ p i O a J aA - U Qlj cn N m O s- lU u >e -p V SZ C,? � (p � � •tt3 V) U CL to C lU to � •+�--+ Qom? � � J fp •� N '� LU (Ut 0 a -0 p ai S2 tt3 E ommmmmmmm i a-a 4J > -� t6 CC3 44 (Ij �-' ® -0 0. 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SUBJECT: Discussion and Consideration of the CRA's Cottage District Infill Housing Project Conceptual Development Terms SUMMARY: At their meeting on September 11, 2018, the CRA Board ended negotiations with Sunrise City LLC, and approved entering into preliminary negotiations with Neighborhood Renaissance, Inc. (NRI) based on their Proposal submitted in response to the 2018 Cottage District RFP-RFQ (see Attachment 1). Since that time, CRA staff and the NRI development team have been working together to flush out as many detail issues as possible relating to the site plan, elevations, utilities and street improvements and the cost of construction. Both teams have been working to develop a project design and scope consistent with the RFP/RFQ as well as in the best financial interest of the CRA(see Attachment 11). Based on our staff/team meetings and courtesy site reviews with City Development staff, two conceptual site plans have been created for the CRAAB's review and discussion (see Attachments I I I.A & 111.6). Both site plans contain approximately 30-34 single family housing units, attractive design, a green space/park and streetscape elements generally consistent with the requirements of the RFP/RFQ. For purposes of the Board's review, staff will be presenting the two site plan designs and the financial breakdown of funding sources and uses for Site Plan A only(see Attachment IV). The key points of the financial breakdown are as follows: Proposed Project Cost: $11,173,946 Developer Requested CRA Contributions Land Value: $1,120,000 Funding: $2,057,088 Developer Fee (11.5%): $1,089,704 Developer Contribution: Revolving line of credit for unit construction repaid by sale of unit For the CRAAB's review and recommendation purposes, the following items are to be discussed: • Conceptual Site Plan Option A or Option B • Financial I mpact to the C RA • Development terms and restrictions FISCAL IMPACT: To be determined. CRA PLAN/PROJ ECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan; Heart of Boynton District CRAAB RECOMMENDATION: 1. Make recommendations to the CRA Board regarding the project's design and funding analysis and to direct CRA staff to negotiate the terms and conditions of a proposed Purchase and Development Agreement to be presented to the Board on their next available agenda. 2. Make a recommendation to the CRA Board that the CRA funding contribution requested by the Developer cannot be met and unless an alternate funding source is found within a specified time frame, the Cottage District RFP/RFQ and further negotiations with NRI be terminated. 3. Other recommendations based on CRAAB discussion. CRA BOARD OPTIONS: ATTACHMENTS: Description D Attachment I - NRI's RFP-RFQ Proposal D Attachment II -Summary of Activities D Attachment III.A. -Site Plan LayoutA D Attachment III.B. - Site Plan Layout B D Attachment IV - NRI Project Cost Breakdown D Attachment V - Project Fund Allocation Worksheet D Attachment VI - NRI Presentation at 03.07.19 CRAAB Meeting io- Neighborhood Renaissmce Diverse Communities — Strong Economies SUBMITTAL IN RESPONSE TO: BOYNTON v,fta f a a', la BEACH ' REQUEST FOR DEVELOPER QUALIFICATIONS AND PROPOSALS COTTAGE DISTRICT INFILL HOUSING REDEVELOPMENT PROJECT ISSUE DATE: MAY 14, 2018 SUBMITTAL DEADLINE: JULY 17, 2018, NO LATER THAN 2:00 P.M. Submitted To: Michael Simon, Executive Director Boynton Beach Community Redevelopment Agency 710 N. Federal Highway Boynton Beach, FL 33435 Submitted : Neighborhood Renaissance, Inc. 510 24th Street, Suite A West Palm Beach, FL 33407 COPY SUBMITTAL IN RESPONSE TO: COTTAGE DISTRICT INFILL HOUSING REDEVELOPMENT PROJECT REQUEST FOR PROPOSALS AND DEVELOPER QUALIFICATIONS BOYNTof-'-, N �� ?� �`w �Y ilk��l; a' 1' fA'A' Iif {t;'i2;l�j}i11�1� }x, °ivtt},ia,%) BEACH July 17, 2018 BY: Neig4borhood 'enaissance Diverse Communities — Strong Economies Carlos Toledo, Development Manager 51024 th Street, Suite A, West Palm Beach, FL 33407 561-832-6776 x107 tld rihcrhoccleiai �ear INDEX Tab Page 1. General Statement of Qualifications 3-4 2. Certificate of Good Standing 5 3. Proof of Ownership of Business Location 6 4. Project Personnel with Qualifications and List of Similar Projects 7-12 5. Similar Projects Completed by NRI 13-22 6. Project Description 23-24 7. Proposed Housing Units and Housing Unit Types 25-26 8. Development Pro forma 27-28 9. Proposed Project Based Subsidies 29 10. Description of Local Hiring and Training Program 30 11. Signed Statement of Intent to Acquire the Property 31 12.Authorization to Perform Credit Checks 32 13. Proof of Financial Capability 33 14. Marketing Plan 34-36 15.Acknowledgement Letter 37 16. PowerPoint Presentation 38 17. List of Civil and Criminal Legal Actions 39 18.All Other Requirements and Attachments 40 Page 2 of 40 1.General Statement of Qualifications Since 1992, Neighborhood Renaissance (NR) has expanded its programs, services, and real estate portfolio, while broadening its geographic reach to other communities in need of affordable housing within Palm Beach County. As of 2017, the organization's net worth rose to $13,800,000 since its formation leveraging investments of over$30 million in the last five years. Development, planning, construction and financing activities are managed by Terri Murray- Executive Director, Michael Pecar- Director of Real Estate and Carlos Toledo - Development Project Manager with a combined 90 years of experience in all aspects of commercial and residential development. Our executive team over the years has worked in many public-private partnerships. Please see Tab 4 for the respective biographies. NR's projects range from construction of 13 new homes in the Westgate-Belvedere Homes CRA to $12 million program to acquire and renovate 76 distressed dwellings throughout Palm Beach County and held for rental to income-qualified households. NR's development activities have occurred mostly in distressed neighborhoods with the goal of strengthening them with pride of home ownership and removing blight. We reinforce continued homeownership and protect investment of public investment of funds with deed restrictions on re- sale, restrictive loans and ground leases to assure the homes do not fall into the ownership of out of area investors. Highlights of Neighborhood Renaissance's development achievements are the following: • In 2018, broke ground on the construction of Mango Cove, a 36-unit apartment community in West Palm Beach at the cost of$8.2 million for families who earn less than 120%of median income with completion in mid-2019. • Construction of the Lake Worth West Village Art Lofts will be completed in September 2018. The Lofts is a unique mixed-use residential and commercial development that includes eight live/work artist townhomes and a 2,000-sq.ft. Class A commercial space at a cost of $3.2 million. In 2013, completed the construction of 13 single-family homes as part of a comprehensive long-term strategy to revive the Westgate-Belvedere Homes redevelopment area to replace homes that were destroyed by Hurricanes Wilma and Francis. From 2011 to 2013, successfully implemented a $12 million grant as a sub-grantee of Palm Beach County's Neighborhood Stabilization Program to acquire and rehab 78 single-family and multi family homes. Page 3 of 40 To date, completed and sold over 170 single-family homes to working families in the following communities: West Palm Beach, Lake Worth, Riviera Beach, Royal Palm Beach & Palm Beach Gardens at a total investment of over$21 million. Completed a "Model Block"program, that transformed the Northwood neighborhood and its business corridor through new home construction, substantial rehabilitation of historic homes, homebuyer purchase assistance, streetscape improvements and lush landscaping. This approach incorporated a two-year planning process that resulted in three new mixed-use zoning districts with new urban design standards that immediately paved the way for new commercial and residential developments. Within a span of five years Neighborhood Renaissance in partnership with the City of West Palm Beach achieved the following: a Constructed 35 new homes and rehabilitated 14 properties as well as assisted 65 families to purchase homes at a total investment of$8 million. o Administered a business district beautification, security, and small business incentive program, and developed new urban design guidelines for the Northwood Village. o Developed within the business district, the Renaissance Courtyard, the first mixed- use residential and commercial project to be built in the Northwood Village, currently owned and managed by Neighborhood Renaissance; recipient of the Federal Home Loan Bank of Atlanta EDGE award. o Provided small business training and assistance to approximately 150 low and moderate-income entrepreneurs resulting in over 115 jobs for low-income residents. o Completed streetscape improvements and landscaping for both the business corridor and the residential areas as part of the redevelopment of the neighborhood. o Received several national best practice awards in community development. This Model Block approach was replicated at a smaller scale in two other neighborhoods: Royal Poinciana in Boynton Beach and Westgate in unincorporated West Palm Beach. Formed the County's first community land trust in 2007; as of 2018, it contains nine homes. Implemented the County's first lease-purchase program through the Community Land Trust. Currently, NR owns and manages a scattered-site rental portfolio of 58 units comprised of single-family and multi-family homes. The homes are leased at below market rates to families earning less the 50% of the Area Median income and managed by NR's in-house property management team. Offered housing counseling services to over 3,500 households since 1992. Page 4 of 40 2. Certificate of Good Standing Please see a copy of the Certificate of Good Standing behind this page. Page 5 of 40 State of Florida Department of State I certify from the records of this office that NEIGHBORHOOD RENAISSANCE, INC. is a corporation organized under the laws of the State of Florida, filed on June 5, 1992, effective June 3, 1992. The document number of this corporation is N49255. I further certify that said corporation has paid all fees due this office through December 31, 2018, that its most recent annual report/uniform business report was filed on April 11, 2018, and that its status is active. I further certify that said corporation has not filed Articles of Dissolution. Given under my hand and the Great Seal of the State of Florida at Tallahassee, the Capital,this the Eleventh day of April, 2018 y_ moo n; -� Secretary of State Tracking Number: CC0860554178 To authenticate this certificate,visit the following site,enter this number,and then follow the instructions displayed. i https:Hservices.sunbiz org/Filings/CertificateOfStatus/CertificateAuthentication 3. Proof of Ownership of Business Location Neighborhood Renaissance, Inc. is the sponsor and responsible entity for this development proposal. Please see proof of business location ownership (PAPA record) behind this page. Neighborhood Renaissance, Inc. was formerly known as Northwood Business Development Corp. Page 6 of 40 Dec-30-1998 81_13pu 913-510982 bared band return to: ORB S Q?8-dc�,to- Pg I OSS DANIEL L MONAHAN Can 74,378,20 Doc SM.as �i�n��ma��r�naan�cnnaa>la�llib HARVEY,WADDELL&MONAHAN 101 North J Street Lake Worth,Florida 33460 ss1-585631' File No.: COO LOINORTHW Will Call 3 Space Above This Line For Recording Data]. Warranty Deed 0 This Warranty Deed ' 21st day of December,1998 between S.L.COSTELLO and C IE COSTELLO,his wife whose post office address is N 476 Glenbrook Drive,Atlan ,F 'da 33462 grantor,and NORTHWOOD BUSINESS DEN CORP. whose post office address is 440 24th Street,West Palm Beach, orida 33407 grantee: Q (Whenever used herein the terms 'grantor' a rantee- inrfude all the parties to this instrument and the heirs, legal representatives,and assigns of individuals,and the 7surd assigns of corporations,trusts and trustees) U WITNESSETH,that said grantor,for and in cor ' n of the sum of TEN AND N01100 DOLLARS{$10.40}and other good and valuable considerations to said cg t` r' hand paid by said grantee,the receipt whereof is hereby acknowledged,has granted,bargained,and sold W4,10"ch rantee,and grantee's heirs and assigns forever,the following described land,situate,lying and being in County,Florida to-wit: Is 4 Lots 3,4,5,and 6.Block 50,NORTHWOOD ADDITI0 n9 to the Plat thereof on file In the office of the Clerk of the Circuit Court in andtff!,#:�4h County,Florida, recorded in Plat Sock 9,page 47,Public Records of Pa' e7 ounty,Florida. Parcel Identification Number:744343-09-054!50-{1030 SUBJECT TO zoning,restrictions,prohibitions and other requ 'i posed by governmental authority;restrictions and matters appearing o or otherwise common to the subdivision and public utility easements of reew TOGETHER with all the tenements, hereditaments and appurten cetttereto belonging or in anywise appertaining. TO HAVE AND TO HOLD,the same in fee simple forever. AND the grantor hereby covenants with said grantee that the grantor is la 11 sof said land in fee simple; that the grantor has good right and lawful authority to sell and convey said nd ,the grantor hereby fully warrants the tine to said land and will defend the same against the lawful clai ons whomsoever,and that said land is free of all encumbrances,except taxes accruing subsequent to December 31, 1995. DRB 1 OSA4 Pg I QTS DOROTHY H. HILHEN, CLERK PB COI ITY, FL IN WITNESS WHEREOF.grantor has hereunto set grantor's hand and seal the day and year first above written. Signed,sealed and delivered in our presence: (Seal) w= e s -n� . _ ,„ S L. COSTE Wi s Nam L h ` _+ (Seal) W' asa a ►1 COLLIE COSTELLO tsiess TZ ?/h STATE OF Florida COUNTY OF Palm Beach � L COSTELLO The foregoing Instrument was a dged before me this j day of December, 1998 by S. L.C and CONNIE COSTELLO.his wir personally known tome or has produced a iver's License as identification. ;t14Hl1l1 � - tary Public [Notary Seal) ..S •e. Printed Name: •�'y+^0- My Commission Expires: #GC 6M208 r?o N bale /fJ)ri�litti�:11\\\ SEA r k SFA A4 Palm Beach County PropertyAppraiser; Location Address 504 24TH ST A r <c 1pdit>WEST PALM BEACH gel 11si �ate:-74-43-43-09-05-050-0030 NORTHWOOD ADD IN PB 8 PGS 47&62,PB 9 PGS 30& 47,PB 10 P 11,PB 11 PGS 18,38 t ffif i1-Records 11;1eo 10844 Page 1065 Sale D,,n': DEC-1998 s ga-1,Dic-seniption NORTHWOOD ADD LTS 3 THRU 6 INC BLK 50 ddrr Malling,at a ass NEIGHBORHOOD 510 24TH ST 4 A RENAISSANCE INC WEST PALM BEACH FL 33407 5462 1s t11 1'sf«, I 1.1' 1x',. Date 11a >fiv7��_, DEC- 10844/ WARRANTY NEIGHBORHOOD RENAISSANCE 1998 $74,400 01065 DEED INC DEC- 10844/ WARRANTY 1998 $100 01060 DEED COSTS LO S L&CONNIE r MAR 08681/ WARRANTY 1995 $29'000 00397 DEED I JAN $100,000 03375/ 1980 00823 NEIGHBORHOOD RENAISSANCE INC 2018 PART-AFFORDABLE HOUSING Nu th r 3,af tx1te 2 `"total 'quar feet 5208 Ac.,-vs 0.1860 1200- NMUDTIH-(74-WEST Use Code STORF/OFFICE/RFSIDENTiAL � tt PALM BEACH) 'Dix,1_ r 201."y 0111 2015 lad°do v r"rt t VaI=_ $500,796 $455,480 $401,452 ud, 5187,110 $178,200 $102,060 1 petal Ahark.cs Valu $687,906 $633,680 $503,512 All values are as of Jammy 1 st each year Year 200 2016 lilt`s . s sse V hiv, $595,563 $541,421 $492,201: anaMra1 $422,850 $449,913 $349,463 1 Mata, .l e $172,713 $91,508 $142,738; gkix year 20117 A,.1'V;loreu"i $3,972 $2,704 $3,314+ Nov,Ad p; ;,,vrnn $985 $962 $969, T(,,ta tax $4,957 $3,666 $4,283 9 4. Project Personnel with Qualifications and List of Similar Projects Neighborhood Renaissance, Inc. is the developer and owner of the project to build and sell the homes. However, the strengths of our supporting team including the general contractor, architect and community liaison are important elements to delivering a great community of homes to the Heart of Boynton. 11 Neighborhood Renaissance, Inc. Neighborhood Renaissance Diverse Communities—Strong Economies Terri Murray, Executive Director,joined Neighborhood Renaissance, Inc. in 1999. She is an accomplished community development professional with over 30 years of experience with mixed- income, mixed-use and affordable housing development. She designed, implemented and administered homeownership assistance, housing rehabilitation, new construction, small business assistance, workforce development, and property management programs. She worked effectively in the for-profit, non-profit and local government arenas. Ms. Murray holds a Masters in Urban Affairs in Housing and Community Development from Boston University. Michael Pecar, Real Estate Development Director,joined Neighborhood Renaissance in 2011 to oversee the construction of the Westgate in-fill home ownership project and the rehabilitation of fifty-three NSP 2 properties. Pecar is also the designated Broker for NR's realty company, Your Way Home Realty, Inc. Over the past 35 years, he has managed the development process for all property types. He has played leading roles in the areas of new project identification, acquisition, government entitlements,financial structuring, site planning, architectural design and total project management. Mr. Pecar is a recognized developer of large-scale commercial centers including Laguna Hills Mall in Laguna Hills, CA and EI Paseo de Saratoga in San Jose, CA for world-class development firms such as Simon Development Corporation,The Irvine Company, The O'Connor Group and the Pritzker family. Mr. Pecar has also served as an Investment Manager for private equity firm, New Boston Fund. He has managed development of retail projects in Asia for Trizec-Hahn. He holds a Master of Management degree from the Kellogg Graduate School of Management at Northwestern University. The following list of similar protects were developed and managed by either Ms. Murray and/or Mr. Pecar: o West Village Art Lofts, Lake Worth o Mango Cove Apartment Community o Westgate-_Belvedere DRI homes o Palm Beach County National Stabilization Program o Pleasant City and Lake Worth Infill Homeownership Page 7 of 40 Carlos Toledo, Development Manager joined Neighborhood Renaissance in 2017. He served in numerous capacities including, Deputy Director of Fordham Bedford Housing Corporation in the New York, Interim President of Carrfour Supportive Housing, Inc., Controller, Real Estate Credit Underwriter, and Vice President of property management organizations. His experience includes various aspects of affordable housing development, financing and management, which includes but is not limited to, financing through use of Low Income Housing Tax Credits,Tax-Exempt bonds, HOME, SAIL, and AHP. He has developed over 2,500 units of affordable housing and managed over 5,000 multifamily units. He has a Bachelor of Science Degree from Herbert H. Lehman College of the City University of New York. He has over thirty-two years of experience in multifamily affordable housing including new construction and re-development. He has developed the following new construction properties: o Villa Aurora, Miami, Florida —76-unit high-rise. 100% affordable rental property completed in 2009. o Shuler Manor, Miami, Florida— 100-unit high-rise. 100% affordable rental property completed in 2011. o Parkview Gardens, Miami, Florida —60-unit garden. 100% affordable rental property completed in 2012. Page 8 of 40 Stuart and Shelby Development, Inc. Built witb Inter V aasad Pride We consider our construction team, Stuart&Shelby, integral to the planning and construction of project and should be on board from the early planning stages to assure and efficient, buildable plan that can be built to within budget. Stuart and Shelby Development, Inc. is a Delray Beach based general contractor headed by Chuck Halberg who has been in the South Florida construction industry since 1980. S&S was incorporated in 2006 by Chuck, it has completed affordable single family and multi-family residential projects for the Palm Beach County Community Land Trust,Adopt a Family, Lake Worth Community Redevelopment Agency, Delray Beach Community Land Trust and Neighborhood Renaissance. S&S is experienced in federally funded projects,section 3 hiring practices and Davis-Bacon compliance. Experience Stuart & Shelby Development is a General Contractor licensed in the State of Florida and incorporated in Florida in 2006. President and owner Chuck Halberg and his staff have over 75 years of experience in residential construction in the South Florida market. Chuck Halberg has been a Florida State Certified licensed General Contractor since 1986 and personally has been involved in over 2,500 single-family homes and over 300 multi-family units. Stuart&Shelby currently employs 8 full employees, l part time employee and 1 contract worker. Stuart&Shelby's experience includes working for several non-profit and governmental organizations in urban neighborhoods including the Delray Beach Community Land Trust,the Community Land Trust of Palm Beach County, Adopt-a-Family of the Palm Beaches, Inc., the Lake Worth Community Redevelopment Agency, the Hallandale Beach Community Redevelopment Agency, and the Delray Beach Community Redevelopment Agency. Several of the projects included federal funding including NSP2 and HOME funds. Our teams experience with federally funded projects includes NSP2, HOME, CDBG, DR13, and Section 202. Key members of the Stuart and Shelby team includes: Chuck Halbert , President,_Principal Point of Contact • Delray Beach Chamber of Commerce 2013/2014 Business of the Year • Florida Licensed General Contractor since 1986 • In the construction industry since 1975 including South Florida since1980 • Construction Management/ Executive since 1980 for three top 200 National Builders • Oversaw the construction of over 2500 residential single family units,3500 apartments, and 800,000 SF of commercial space since 1975 • Personal strengths in business relations, product development,budget management quality control, customer satisfaction Dave Dedman, Director of Construction Page 9 of 40 • In the South Florida construction industry since 1989 • Florida Licensed General Contractor • Experience in both production and custom home construction • Personal strengths in land development,quality control,and team development Gary Winslow, Construction Manaper • In the South Florida construction industry since 2002 • Capable of taking a project front site development up through closing • Portfolio includes product,semi-custom and custom homes • Strengths include coordinating owners and owners rep, architect, designers and building ■ Officials, managing subcontractors and vendors,day to day scheduling and quality ■ control Page 10 of 40 architects AW Architects AW Architects is a full service firm located in Boca Raton, Florida. Founded in 1976, we provide Award winning, innovative, and strategic, planning and design solutions that make each project uniquely successful. The services our firm provides to both public and private clients include: • architectural design • planning • interior design • 3D visualization Our design excellence has given us the opportunity to work with clients worldwide. Our portfolio of projects includes: • government facilities • hospitality • resorts • country clubs • clubhouses • commercial parks • industrial centers • tenant improvements • retail centers • mixed-use centers • residential single and multi-family • student and workforce housing As members of the United States Green Building Council, we are committed to sustainable design and development. We are LEED° Accredited and currently have over 425,000 square feet of LEED® building projects under construction. Please see additional information behind this page. Page 11 of 40 .Boynton Beach Faith-based Community Development Corporation BOYNTON BEACH FAITH BASED COMMUNITY DEVELOPMENT CORPORATION POST OFFICE BOX 337•BOYNTON BEACH,FL 33425-0337 2191 NO.SEACREST BLVD.•BOYNTON BEACH,FL 33435 PHONE(561)752-0303 •FAX(561)244-5046 Boynton Beach CDC is a tax exempt, 501 (c) (3) Florida Corporation, based in Boynton Beach with a target area of the entire city, and has among its purposes to develop affordable housing opportunities in Boynton Beach and surrounding communities. Key elements of the CDC's program are to: a) Build/develop well-constructed, affordable/attainable cost housing units for individuals/families who earn between 30%- 120% of the area median income b) Provide first-time homebuyer education c) Provide credit and homebuyer counseling (pre & post-purchase) d) Provide foreclosure prevention counseling and education Boynton Beach CDC supports the Cottage District Development and desires to collaborate/partner with Northwood Renaissance on its successful implementation to ensure that there are maximum community benefits and opportunities for quality housing,job creation and capacity building. Page 12 of 40 5. Similar Projects completed bV Neighborhood Renaissance Also projects with total units including photos, add land assembly projects Anchor site and Village Square Date Complete' Location Size Under Air Date Start (or UC) Agency Mango Cove Apartments, 36 new lianuary May 2019 Sale of 19 of NR's 1561 S. Florida Mango Road, 33406 apartments, 900 52018 (NSP2&3 homes sf each I West Village Art Lofts and 8—for sale June 2017 September Lake Worth CRA, Commercial space, townhomes 2018 Palm Beach County i 110 N F Street, Lake Worth, 33460 (1,600 sf), Commercial (2,000 sf) ............_.................................................._.........................................__...._....._..............._..._._........._.._._._... _..................._._._.._---....._._._.__._.._....._._..........._.........._._........_...._........_......_..._...................._................_...._...._._.... 113 S D Street, 33460 3 BR— 1,307 sf 03/2017 08/2018 Lake Worth CRA ....................._...._............._...._.................._._......_....................._._........................................................_............._.._..._.._._._.................._._......._...._..................._........................._.._........_................_...._.._................_._._._..........._...._._.._...._........._......._ 128 S E Street, 33460 3 BR— 1,307 sf 03/2018 08/2018 Lake Worth CRA ._........._........................_................__....................................._...._._................_.__._.........._........_._............_.._....._._.__._._._... _._._......................._..._._...._._._._............_.._...._..................._..........................................................................................__............_._.............._.......___.._......._.__._.....__.................. . West Palm Beach, 527 18th Street, 33407 4 BR— 1,740 sf ;10/2017 02/2018 (UC) HCD ._._....... ........_._......................._................_................._....-.........._............._...._......................._............_............_........................._._......................_._._.._....................._...._.__._...._.........._..._....__.............._........_.__._......._...._......................._.._.__._.........._.......................... West Palm Beach, 53018............................_................_......................................._._._................._.__....._..........__......_........_._.._......_.._...._.._..___...... _..__.._._............_._....__...__._._._._._.._._._.-....................._._._..._._._...._........._......._..._...._...............__..........__....._._................ West Palm Beach, 531 181h Street, 33407 4 BR— 1,740 sf 12/2017 4/2017 HCD ................._.........................._...._................._.............................................................................._._......._............................_._._................._._........_._............................................ J West Palm Beach, 154418 1h Street, 33407 3 BR— 1,307 sf 12/2017 4/2017 HCD Acquisition and Rehab of 53 Various 08/2011 04/2013 Palm Beach County, properties containing 71 dwellings— HES NSP2&3 NSP2&3 program 13 scattered site homes, 3 and 4 bedroom October December Westgate Belvedere Westgate-Belvedere homes, 2011 2012 CRA 1,400 to 1,700 sf 2495 HIAWATHA AVE, 33409 4 BR— 1,655 sf 3rd Qtr 2011 3rd Qtr 2012 Westgate Belvedere RA _._...._....._................._................................. _ . _ .. . _..... ........._...._._......._... ...._._._._..._............_.__..__..._........__.....__.....__.....__......_._......._._......_._...._...._.._._._._..._.. ._._......_....._....C........._._..............................._...._......._._............._...._._...._.._._......._... (2487 HIAWATHA AVE, 33409 3 BR— 1,449 sf 3rd Qtr 2011 3rd Qtr 2012 Westgate Belvedere CRA 2479 HIAWATHA AVE, 33409 3 BR— 1,449 sf 3rd Qtr 2011 3rd Qtr 2012 Westgate Belvedere CRA 1 _._._.._..._.._.._....._.__...._..._...._......... _................_._.......---_---------..._._._.........................................................._........._..._................_...._........................................._......._...._....................................._......._...._._................._.........._._.._.............__.......__...._......._..._........_._.._..._._.........._..............._ _ ......f 2903 SARANAC AVE, 33409 4BR— 1,655 sf 3rd Qtr 2011 3rd Qtr 2012 Westgate Belvedere CRA ........._..............................................................._.....................................__._........_......................._................ 3 BR— 1,449 sf Westgate Belvedere 2901 SARANAC AVE, 33409 3rd Qtr 2011 3rd Qtr 2012 CRA ........_..._........................_...._................................._.........._........................................................_...._..__._._.................................................................._.................._..._._............................................._._._....................................._.._...._._.._..._..................................................._...._..._......._._._............................._........_................._._.......... 3 BR— 1,449 sf Westgate Belvedere 2827 HIAWATHA AVE, 33409 3rd Qtr 2011 3rd Qtr 2012 CRA Page 13 of 40 Date Complete Location Size Under Air Date Start (or UC) Agency 3 BR DPLX— Westgate Belvedere 2801 SARANAC AVE-A, 334091,589 sf ,.....3rd Qtr 2011 3rd Qtr 2012 CRA ............... ........ ............ ......... ............. ..... ...... ........ ._.... ._._....... ._...... ............................... ..._................._......._ ...._._..._........_............._...._...._._............_.................... _......_._._.._._._.......__....._....................._.._.........._.._..........__.......__._........__.._..._......___............__._........................_.................._._.._...................._......._ 3 BR DPLX— Westgate Belvedere 2801 SARANAC AVE-B, 33409 1,589 sf 3rd Qtr 2011 311 Qtr 2012 CRA ......_..___...._........_...._...._.........._......................._..........................._._......_......_.._..._._....__......_.............._._......._._..._......._...._..__.................._._.........__...._.__........_....._._._....._._...._..._............._...._._..._.........._._.._....._........_......._............................................._...._._._._...._..._._.........._.._......._................_._....._...._.._... 4th Qtr 2011 Westgate Belvedere 2957 SAGINAW AVE, 33409 3 BR— 1,449 sf 311 Qtr 2012 CRA ....................._....._.................................................._......._...._._..._._........_._.__................................_...._._.._..............._..._._...._._._..................................__......._................._......................_._._._............._._....._._........_....._................................._._...._.........................._......._..............._............._................_......._.._._................._......... 4th Qtr 2011 Westgate Belvedere 2947 SAGINAW AVE, 33409 4BR— 1,655 sf 3rd Qtr 2012 CRA ...._.................._....._._........._.........................._......._..._...._............._.._..............._.._..._._._.._._..........................._....................._......._........_...._._.__._....................._....................._...._........_._._._....................................._............._.................._._.._......._._.__.......................... _...... ._._...... ..._._._......._._.._._...._................_._.._._...._._.. 4th Qtr 2011 Westgate Belvedere 2941 SAGINAW AVE, 33409 3 BR— 1,449 sf 3rd Qtr 2012 CRA ._...................._.._._...._._._......................._._.........._..._._...._.._.__........___.............._...._......_....._.__..._._...........__._._._._.._....... __.._.._.._._._._._..__........_.._.... . . e ........................................_............................_..........................._............_.........._....._._......................... 4th Qtr 2011 Westgate Belvedere 2935 SAGINAW AVE, 33409 4BR— 1,655 sf 3rd Qtr 2012 CRA ..... _............_......._........_._..__.......__._................_..............._._..__...._....._....._._._...._......._._..._....__._..._.._........................._...................................._.........................................._................_......_............._.._..........................._......._............._.._..._._...................................................._._...._._...................._._.......... 4th Qtr 2011 lWestgate Belvedere 2929 SAGINAW AVE, 33409 3 BR— 1,449 sf 3rd Qtr 2012 ;CRA Northwood Model Block: Phasel, 2 :34— substantial 2004 2008 West Palm Beach, 600 blocks of: 32, 33 &34th Sts. rehab and new f Housing and Phase 3: 26th, 38th, 48th & 51St. Sts. construction 3 Community and 4 bedroom Development 'homes Page 14 of 40 Art Lofts of West Village, northeast corner of Lucerne Avenue and N. F Street, Lake Worth .-� Ott } „5 staff 5s " f s The Art Lofts of West Village is a community of 8 newly constructed townhomes that will join a thriving community of 12 townhomes previously sold to artists in 2012. Each townhome includes a studio space and garage on the ground floor, living space on the second and 2 bedrooms and 2 baths on the third.They contain 1,600 sf under air and 2,000 sf gross and will be certified to meet the National Green Building Standards. They will be fee simple townhomes with a property owner's association (not a condo). Prices of the townhomes range from $245,000 to $255,000. A 2,000-sq. ft. commercial building will be located on the corner. A tree shaded park for the residents' exclusive use is located in the backyard. Sales closings will be in September 2018 upon completion of construction. The project is assisted by the Lake Worth Community Redevelopment Agency (CRA) by donation of the land and a $700,000 NSP2 grant. NR applied and was awarded $532,000 of HOME purchase assistance from Palm Beach County. Four (4)townhomes will be sold to households earning less than 80% of AMI and four (4) will be sold to households earning less than 120%of AMI. An integral part of the area's revitalization includes 2,000 square feet of commercial space also part of the project on the corner that will be leased to new businesses and draw customers into the West Village. NR secured a NeighborWorks grant of$500,000 to make the tenants' rent affordable. Page 15 of 40 r t s� t, Y r t� is Living level—Open kitchen,family room and den i ` Studio level-street level with storefront and%bath Page 16 of 40 Mango Cove Apartments, 1561 S, Florida Mango Road Mango Cove, currently under construction, is a 36-unit apartment community situated on 8 acres. Designed in the "Old Coastal Florida" style, the two apartment buildings are three-stories with central breezeways overlooking a private lake. Planned with family living in mind, the homes feature open concept kitchens, large great rooms, in-unit laundry, 2 bedrooms and 2 bathrooms in 925 square feet. On-site amenities will include expansive lake views with walking paths, a recreational area with a tot- lot, play court and picnic area, lush landscaping and ample parking for residents and guests. The energy efficient homes will be within the financial reach of low and moderate-income families with rents well below market rents. Mango Cove will be owned and operated by Neighborhood Renaissance and will be income restricted for at least 30-years by a Land Use Restrictive Agreement enforced by Palm Beach County (PBC). IFi w li , g y I � I I' I l 1�1,�si� NNN f _ a ly �s �Family oriented apartment community homes with 2 bedrooms&2 baths Open kitchen with great room Laundry in each unit MANGOO Playground,picnic&barbeque areas «� f �" APARTMENTS Lakefront views&walkingpaths at r,r Breaking ground in 2017 De.eloped and Man2ged by o' Renaissance , rte Neighborhood UNI � �` %too. Renaissance '' c rev i �11`•`rt, � �, =,PYjx44fletlaPeet 6„xrr ,5c+w3gl �. Wem Cwnunities-SmmgEconomies - aR1 Page 17 of 40 Pleasant City HOME CHDO and Lake Worth NSP2 single family homes Neighborhood Renaissance recently completed the construction and sale of six single-family homes in the Pleasant City neighborhood of West Palm Beach and Lake Worth. Two more homes are being planned for the adjacent Coleman Park neighborhood and an additional home is under construction in Pleasant City with completion in August of 2018. The Pleasant City homes were made affordable to households earning less than or equal to 80% of the Area Median Income (AMI) through funds provided by the City's HOME CHDO program. The Lake Worth homes were affordable to households earning less than 120% of the AMI through donation of land and fundraising from local corporations. iib Tt IN I f -- r 5 � . II t- ,r li"" I 1 IT 4 -.- i t i,f I I l Page 18 of 40 Palm Beach County NSP 2— Residential Redevelopment Pro ram Neighborhood Renaissance recently completed the acquisition and substantial rehabilitation of seventy (70) scattered-site single-family and multi-family dwelling units located within Palm Beach County's Urban Redevelopment Area through a $12 million NSP 2 grant award as a sub-recipient of Palm Beach County's Department of Economic Sustainability. The average cost to rehab was$77,000 per unit. The total project cost is projected to be just over$12.7 million. The homes are leased to very-low and moderate-income eligible families. The homes were remodeled to increase energy efficiency and reduce long-term maintenance. Features include impact windows and doors, roof replacement with life-time materials, ceramic tile floors throughout, SEER 16 HVAC systems with new R-8 ducting, increased attic insulation to R-30, energy star appliances, ceiling fans and CFL lighting. Florida-friendly landscaping and new irrigation systems were included at each property. Neighborhood Renaissance owns and manages the properties. Tenant services include home maintenance training, financial literacy training and homebuyer education. 9-unit complex at 4509 Mathis Street, 33463 Wynnewood before and after 5 ii�lhl�t t t q h t r d? (( n �� S �f�{ 44-r= r kik a3. ,,u Mathis Street Tot Lot Wynnewood after Page 19 of 40 Westgate Housin _Replacement Housing Infill Project Through a $2,056,361 State of Florida 2005 Disaster Recovery Initiative Program Grant from Palm Beach County, Neighborhood Renaissance completed the development and construction of thirteen (13) single-family homes in the Westgate CRA for a total project cost of$3,253,495 in 2013. As developer, we completed the land acquisition, creation of subdivided lots, architectural and engineering plans, bid and constructed the homes. The Grant was leveraged with an $850,000 interim loan from Florida Community Loan Fund.The homes have been sold to households earning at or below 80%of the area median income addressing the need for affordable homeownership in the Westgate CRA. This investment will help to increase the tax base, create jobs, prevent crime by reducing the number of vacant properties, and improve the quality life in the area. The housing mix is comprised as follows: • 4 - 4BR/2.5BA single-family homes priced from $95,000—$110,000 • 7 - 3BR/2BA single-family homes priced from $100,000—$105,000 • 2 - 3BR/2.5BA townhomes priced at $85,000 These new homes have been certified to meet the standards of the Florida Green Building Coalition. Development design includes: • Eco-Friendly architectural design to minimize energy use by the homeowner • Use of renewable and easily accessible building materials minimizing the overall environmental impact of the development • Drought resistant landscaping with grouping of plants with similar water needs and strategic placement to facilitate cooling of the home • Preservation or donation of existing vegetation and top soil at the development sites when possible • Installation of low-flow water fixtures and alternative flooring, i.e. minimal use of carpeting • Inclusion of Energy Star and other high energy efficient appliances V1K'A'ttr„ Completed homes on Saginaw Avenue I,,iit4 ,U1,; tS Page 20 of 40 Boynton Beach Model Block NR received an UrbanLift grant from Wells Fargo that was administered by NeighborWorks. The City contributed additional CDBG funding.The total project budget was$289,982. Due to the use of CDBG funds, the project was subject to Davis-Bacon wages. The project included engineering and design, streetscape improvements, sidewalks, landscaping with irrigation, a bus shelter and private property facade enhancements in the Poinciana Gardens neighborhood located at Seacrest Avenue and MLK Boulevard. W N , r. The goal was to enhance the street environment to be more conducive to pedestrian activity and prepare for construction of 13 new homes within the block. To date, six new homes have been built by others and are owner-occupied. t, Jii,• I lt}t}tr.,„tf �.i�\\� rt i\\,.,11 J1�1 ,iS,� t F t 1,�r.�, \1 ll� )il}Ift ilr,ly,} ,,f\\o`�i�{, i 1..4\� �l>��,�,,, N_ �n la 44 � 11f9 -kE i � ,li Page 21 of 40 Northwood Model Block Initiative Infill Housing and Neighborhood Improvements Our Model Block program, completed in 3 phases, resulted in the construction of 34 single-family homes,the rehabilitation of 14 properties, 30 homeowners and comprehensive neighborhood improvements for an investment of over$8 million in the Northwood community. In addition, our Community Land Trust (CLT) program has helped 9 low-income families to become homeowners. As part of these projects, we provided individualized housing counseling for all of the homebuyers. For Model Block 1, we purchased 9 existing homes on 34th Street, West Palm Beach in need of substantial rehabilitation. Each household received initial housing counseling to determine their homeownership readiness. For those households not able to become homeowners, we provided relocation assistance that included: the identification of comparably sized affordable rental properties, setting appointments with potential landlords to look at available homes, and moving assistance. All the families that we assisted obtained new rental housing within the neighborhood that was of a higher quality and with a lower rent payment or the same than that was assumed by our agency from their previous absentee landlord. Phase 2 &3 of the Model Block, resulted in the substantial rehab of 4 existing homes and the new construction of 21 homes. All of the Homes were sold to 80% low-income homebuyers through CHDO/HOME assistance. 4 Renovated Model Block 1 home at 631 341 St.,WPB with comprehensive street improvements and landscaping 62132"d Street—Model Block Phase 2 Page 22 of 40 6. Project Description Our proposed project is uniquely designed to complement and add value to the neighborhood and its residents. The addition of 39 quality new residences will add variety to the living choices of working families within the Heart of Boynton.The location of the project is excellent being within short walking distance of the new Town Square and revitalized Ocean Avenue that will provide dining, entertainment, social, educational and job options. The mix of homes will include 21 detached single-family homes and 18 townhomes. The single-family homes will consist of one story, 3-bedrooms, 2 baths and a garage. The townhomes will be 2-story buildings and will have 3 bedrooms, 2 % baths and a garage. The townhomes will consist of five buildings with 2 dwelling units apiece and two 4-unit buildings. The living area of the homes range from 1,200 to 1,600 square feet. Based on the roughly 4.2+ acres,this equates to approximately 9 units per acre. The neighborhood plan is laid out with internal streets and a village green for use by the residents. All the homes have generous porches facing the street to encourage interaction with neighbors, very much like the original beach towns of old Florida. The homes will be sold to households earning less than 120%of the Area Median Income (AMI). In 2018, a household of 2 would be eligible with an income up to $73,921. Our plans include a mix of single-family and townhomes prices in the $260,000's. According to the Metrostudy report, no new homes were produced in 2016 with a sales price under$300,000. This indicates that the project will attract strong demand for these affordably priced homes. Neighborhood Renaissance's mission and goals include making home ownership projects attainable to low and moderate income households. During the development process we will seek and apply for further funding to assist households earning less than 80% of the AMI (Household of 2 with income up to $49,281) purchase a new home in the Heart of Boynton. NR will assure that the homes remain occupied by homeowners through deed restrictions for a minimum of 15 years and the HOA Declarations and Restrictions. The homes will incorporate Florida Green Building Coalition (FGBC) standards which address the sustainability and efficiency of home ownership including energy and water use and Florida friendly landscaping. The location is walkable to entertainment, dining, shopping, schools and recreation and should appeal to baby boomers and millennials. We anticipate that a homeowner's association (HOA) will be formed to maintain common area improvements such as the village green and the internal driveways. Consideration will also be made to have the HOA maintain the landscaping and provide irrigation in the front yards.The objective is to keep the properties well maintained at a very small cost to the homeowners. Included in our plan is a public neighborhood park on .2 acres (approximately 90 feet by 90 feet) offering landscaped open-space filled with trees,walking paths and benches. If possible, a bus shelter will be installed at the corner of NE 4th Avenue and Seacrest by the proposer. The perimeter of the property where it interfaces with the neighborhood will provide an attractive visual and pedestrian environment with street trees, 6 foot-wide sidewalks and street lighting along NE 4th and NE 5th Avenues and NE 11t Street. Page 23 of 40 Summary of Benefits to the Cite and nei hborhood: • Increase in real estate tax basis by$ 10 million based on projected sales prices. • Economic development by bringing jobs during construction with local hiring goals. • Attract 39 new households within the Heart of Boynton TOD. • Redevelop blighted vacant lots with new energy efficient residences. • Beautify the streetscape with new landscaping lighting, sidewalks and curbs. • Create a public pocket park for area residents. Schedule Our work plan will begin upon award of the lots from the CRA. • Upon finalizing the Purchase and Development Agreement, NR will complete due diligence activities including title work, survey, zoning, alley closure/abandonment and site plan approval and prepare construction plans for the first lots to begin construction. Environmental Study has been provided by the CRA and recommends no further study. (60 days). • After receipt of all land use, zoning, site plan and platting approvals and completion of the construction plans, we will apply for sitework permits and building permits for each new home. • Upon receipt of a sitework permit, we will begin constructing the land and infrastructure improvements so we can begin the home building construction.This includes the perimeter streetscape and interior access roads including utilities serving the interior lots. • We plan to start construction of at least 2 homes immediately that would serve as model homes and sales center. We anticipate that a minimum of 2 purchase contracts will be executed per month. The homes will start construction every month thereafter depending upon signing sales contracts. Construction of each home will take approximately five (5) months from permit issuance to certificate of occupancy. Please see Tab 18 for the timeline of the project schedule. Attached are the following items: • Proposed Site Plan • Proposed Home Floor Plans • Proposed Home Elevations • Proposed Schedule We will adhere to the design guidelines of the RFP, the CRA Redevelopment Plan and the Urban Design Guidelines. Page 24 of 40 w�s E w V w V K �c v Z N'✓ odfoo d 'J.S ISL 'IN CA 94 r. I e y IW L,¢EUj Cy�,1 a ,711 ill J S< v )t e 5 �p =f— BKmTT19 %AAY�k4 999 _ 1 t _ y� V✓ Clf1� 1 �J 35 a z u OEhFw IMZ q�ZZZ C c7 w a H - - - FF y ti i z E 2® 2 2ir U iU. tl A � � u r t v �e3 t t " Mi E I ti � tt i r"t3i +1��4r I11 x f, 6 a i C U < 44 ........... 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X34,. V � U < iI7 W Q `c5 G N G .I I - � I N b, L-------------------------------- ;r rr S1ir } srt fi ��-' it x� $titUflsi l r '001 I M nn IN, MMNNN�l will ,\N , \01 all 01, 00 . ® ® . ® . . ® . . . � m • Q m a v zN "'' lwx u> m a 8d �i a 8 d ,a 41 c > ~ u q 0 0 0 0 0 0 0 0 0 0 xm o •� � +S � N N .i W CO W N N N � M1 41 p C N R'f •i sJ' � CP H e-Y n[ PH M G. 8CS 6A C QP 4 V w 4A kA Cb GL En dS. u�m L Q C 6B 49 o • � a �- N d d � d d a � o o a •� b tti � N N N � W W N N N N n TY F to .y M d' V O Ol N N N N M qa � ti 41 u� ti T y C 41 41 tL3 � Lo o c m o a Cottage District Infill Housing Redevelopment Project Timeline Timeline Activity Start Completion Respond to RFP May-2os8 JUI-2os8 Presentation Aug-2os8 Sep-2os8 Award Sep-2os8 Sep-2os8 Zoning/Land Use Approvals Sep-2os8 Apr-2019 Architectural Plans Sep-2os8 Apr-2019 Permitting Feb-2019 Sep-2019 GC Bidding May-2019 Jun-2019 Closing Aug-2os8 Sep-2019 Construction Oct-2019 Sep-2021 Sales Start Oct-2019 May-2021 Sales Completion May-2021 Nov-2021 4 7. Proposed Housing Units and Housing_PnK_Types As noted above, we are proposing 39 homeownership units. All of the homes will be for households earning at or below 120%of the Area Median Income. All homes include one car garage and front porch. Below is a proposed unit mix: #of Units Unit Size (sq.ft. under air) Unit Type 18 "A"— 1,595 sq. ft.Townhome 3 Bedroom/2 Bath 7 "B"— 1,493 sq. ft. Single Family 3 Bedroom/2 Bath 7 "C"— 1,454 sq. ft. Single Family 3 Bedroom/2 Bath 7 "D" — 1,375 sq. ft. Single Family 3 Bedroom/2 Bath Minimum construction standards for each home Every home will be certified to Florida Green Building Coalition standards by an independent 3rd party consultant. Inspiring Architecture„and Design Features ➢ Monolithic Slab and CBS exterior walls with bond beams ➢ Prefabricated engineered wood truss system for floors and walls ➢ GAF Timberline Lifetime HD dimensional shingles (or equal) ➢ Gutters and downspouts per plan ➢ Stucco textured finish on exterior walls and overhangs ➢ Decorative stucco per plan ➢ Designer exterior paint schemes-fascia/ band white,walls one color, entry door and garage door one color ➢ Concrete patios, driveways and entry walks will be a broom swept finish ➢ Hurricane impact rated windows and French glass doors (where applicable) ➢ Hurricane impact rated metal embossed garage door with opener ➢ Hurricane impact rated fiberglass two panel entry door ➢ Exterior hose connection (minimum two per home) ➢ Exterior GFI receptacle (minimum two per home) ➢ Coach light on one side of garage door and motion sensor double flood lights on 3 other corners of home ➢ Minimum 16 SEER air conditioning system with digital thermostat(Carrier or equal) ➢ Fully irrigated lot with landscape and sod Custom Interior ➢ Smooth drywall finish on ceilings and walls except bathroom ceilings and walls are orange peel) ➢ White flat paint on all ceilings &walls,white semi glass on all doors and trim. ➢ Stucco finish on garage masonry walls will be light texture ➢ R-30 ceiling insulation, R4.2 foil on exterior masonry walls ➢ Hollow core 6 panel or 2 panel interior doors ➢ Energy Star rated kitchen appliances including refrigerator, dishwasher, range and microwave ➢ Decorative 2-1/4"casing on all swing doors and 4-1/4" baseboards in all rooms except bathrooms. ➢ Lever door hardware on all interior doors (brushed chrome finish) ➢ Mohawk Pazzini or Heathland (or equal) 18" tile flooring on main core of house Page 25 of 40 ➢ Mohawk carpet in the bedrooms ➢ Carrera white/gray marble window sills ➢ Abundant bedroom and linen closets and kitchen pantry closets per plans. ➢ Ventilated "free glide" vinyl coated metal closet shelving ➢ Minimum 50 gallon electric water heater ➢ Minimum 150 amp electric service ➢ "Decora" rocker light switches through-out home with standard receptacle ➢ Smoke/carbon detectors per code ➢ RG6&Cat 6 data/cable in all bedrooms and family room or living room ➢ 1 phone CAT 6 at kitchen or master bedroom ➢ 52" white ceiling fans with light kit in all bedrooms Deluxe energy rated lighting fixture package for bathrooms, foyer, dining room, hallway and walk in closets Page 26 of 40 8. Qevelo„ Ment Pro forma This project as proposed represents an $11,653,000 investment in the neighborhood which includes home construction, on and offsite infrastructure and soft costs. The estimated assessor market value is approximately$10,000,000 based upon the aggregate sales price of all 39 homes priced to be affordable to 120%AMI households. There is a shortfall of approximately$1,403,000 as the project costs exceed the sales proceeds. Assistance from the City and the CRA is requested to facilitate the development. Uses: Total Project Cost $11,652,924 Sources: Sale of homes $10,249,864 City and CRA assistance: Utility Capacity Fee Waived $ 152,100 Infrastructure Improvement Assistance CRA $ 1,250,960 Total Sources $11,652,924 In addition to donation of the land, we will be requesting direct assistance from the CRA and/or the Boynton Beach Utilities for reimbursement of infrastructure improvement costs and capacity fees. Mainly attributed to the public infrastructure required to be installed, a desire for high density of homes and limited sales prices to end users, the development will require substantial public assistance. The infrastructure improvements are high for an urban infill project since 3 of the street frontages require sidewalks, curbs, street lighting and upgraded street trees including properties that are not being redeveloped. Also, to attain the higher densities and take advantage of the depth of this block, internal streets and home sites are being created.The cost of the internal streets and extending utilities to them adds significantly to the shortfall. However, the master plan for the area encourages higher densities with an urban design. We estimate that an additional 14 homes are created by the efficient use of the land Offsite improvements: These include sidewalks, curbs, street lighting and upgraded street trees along the 1,600 linear foot perimeter of the site except along Seacrest Blvd. Our pricing is based upon construction costs for the recently completed Davis Land West community of 24 homes completed by Stuart and Shelby. Adjusted for inflation, these improvements total $630,000, or$393 per linear foot. Imact_Fee Credit Assumption: Based on the Phase I Environmental Site Assessment, there at one time may have been 16-18 homes constructed on the site. We inquired how much credit may exist from the PBC Impact Fee Department but did not receive a response. We assume that there will be enough credits equal to 16 homes that are planned. Home Construction: Construction costs of the new homes was developed by Stuart &Shelby based upon recent experience with the 24 home Davis Landing West projects. Page 27 of 40 Determination of Sales Price Affordability The generally accepted standard of housing affordability is that households should not expend more than 35% of their income on housing with includes principal, interest, insurance and property taxes.This suggests a median sales price for a home in the proposed development of approximately$260,000 with some models higher or lower. Recent sales of similar, newer homes with % mile of the site are averaging$175 per square foot under air. The buyer of this home would need an income of$68,000 (see affordability calculation below) to purchase the home with FHA insured financing at current rates of 5.0%. This suggests that no 1 person households can afford a home and that a few 2 person households would be able to afford to purchase. We will be targeting households earning<= 120%AMI. 2018 Maximum Income Limits Household Size 120%AN 1 $64,680 2 $73,920 ........ . 3 $83,160 4 $92,280 5 $99,720 Effective 3/30/2018 by HUD(HOME)and subject to change Affordability Calculation Sales price=$260,000,3.5%down payment=$9,100, mortgage loan =$251,700. Household Income=$67,760 per year/$5,647 per month, Total monthly housing payments @ 35%=$1,976 Principal and interest @ 5.0%= $1,351 plus property taxes and insurance =$625 PITI =$1,976 A review of the 2018 Maximum Income Limits chart above shows that no "one-person" households and very few 2 person households can afford a $260,000 purchase price indicating the need for some purchase assistance for some buyers. Over the last 18 months NR has sold 19 homes of which only 7 could be sold for$260,000 or more even if the home appraised for a higher price. From recent experience, we believe that $260,000 is the best target sales price if the homes are to be marketed to household under 120%AMI. Page 28 of 40 Cottage District Infill Housing Redevelopment Project Sources and Uses Neighborhood Renaissance,Inc. Cottage District Infill Housing Redevelopment Project Total Development Costs Per Unit USES Land Purchase includinkclosingcosts $ - $ Actual Construction Costs Off-site Work(utilities,paving,streetscape) $ 630,285 $ 16,161 On-site Work(utilities,paving) 812,500 20,833 Park 75,000 1,923 Construction of Homes 6,486,040 166,309 Contingency 10.00% 800,383 20,523 A1.3 Total Actual Construction Cost $ 8,804,208 225,749 Financial Cost Construction Loan Interest 5.50% $ 154,000 $ 3,949 Construction Loan Orig.Fee 1.00% 35,000 897 Total Financial Cost $ 189,000 $ 4,846 General Development Cost Accounting Fees $ 5,000 $ 128 Appraisal Costs 12,675 325 Architect's Fee-Design 176,100 4,515 Architect's Fee-Supervision 35,300 905 Builder's Risk Insurance-homes 33,150 850 Building Permits 1.20% 96,046 2,463 Civil Engineer 35,000 897 Environmental Testing and Report - _ BB Impact parks,storm 595'' 23,205 595 Impact Fees(PBC only) 325,648 8,350 Impact Fee Credit(estimated 16 homes) (136,749) (3,506) Land Closing Costs 7,500 192 Legal Fees 20,000 513 Marketing and Advertising 50,000 1,282 Siteplan,zoning,platting 75,000 1,923 Property Taxes-during construction/holding period 21,257 545 Soil Test Report 10,000 256 Survey 12,000 308 Title Insurance on conveyance 5,000 128 Utility Connection and capacity Fees 3,900 152,100 3,900 Closing Costs(home sales) 1.50% 153,748 3,942 Commissions to third party agents 3.00% 307,496 7,885 Other soft cost contingency 10.0% 95,824 2,457 Total General Development Cost $ 1,515,300 $ 38,854 Developer's Fee 11.5% $ 1,144,416 $ 29,344 Total USES $ 11,652,924 $ 298,793 SOURCES Sales Proceeds-see schedule below $ 10,249,864 $ 262,817 Utility Capacity waiver 152,100 3,900 Infrastructure Improvement Assistance From CRA 1,250,960 32,076 Total SOURCES $ 11,652,924 $ 298,793 NET SOURCES AND USES TO DATE $ 0 Net Proceeds less closing costs and Sales Units Sq Feet Sale Price PU Sales GROSS commissions Per Square Foot Model _ _ .�. , "A"-3 bedroom 2 bath-TH 18 28,710 $ 261,580 $ 4,708,440 $ 4,483,857 $ 164.00 "B"-3 bedroom 2 bath-SFH 7 10,451 265,754 1,860,278 1,778,525 178.00 "C"-3 bedroom 2 bath-SFH 7 10,178 264,628 1,852,396 1,772,779 182.00 "D"-3 bedroom 2 bath-SFH 7 9,625 261,250 1,828,750 1,753,459 190.00 Gross Sales 58,964 $ 10,249,864 $ 9,788,620 L O O r-I 00 Ln �t c6 Ln lfl Ln n N LD f6 L Ol I� ci w Ol p cu Ln N O O C 00 �— r-I r-I r-I r-I Ln O C) CD I:T 00 O r- 00 00 00 Ln N Ln r-I N Lr) Lf) I, LO N 00 U e-1 r-I Lf1 ri ''.....N 1.0 .......1.0 w Lo 10 ............ d N N N N N N 0) f0 I�r V 00 N O q:t w 10 W f, 00 a) I- Ln r-I r-I c-I c-I ci ci I? OJ U L U Ln Ln m lzzr Ln I;t Q O1 01 01 Ln I, 10 \ Ln Ln Zl- m 0) N Co r I e-I e-i r I ri 00 N � � Ln a 2 cX_ N G +, D U 00 f, Il pl, rn 0 O O ri Z Ln ate.-' N N N N N f0 CO Ln O -Fa O m co m m m o U m C) 0 L d 1r 41 E 0 a Q m U 0 ' Q U � O C J N > N a1 U -0 C: N (O En vii N NN C Q E C Ln Ln 4- ccH N N N Un O U O l]0 cu � 10 t - O N U Z 9. Proposed Prgitq Based subsicries Neighborhood Renaissance will pursue funding sources, both federal and private such as banks and corporations, to assist affordability to lower income households earning less than 80%of AMI. NR has a successful track record obtaining these funds for most of our projects. The City of Boynton Beach is a recipient of State and Federal resources such as Community Development Block Grant funds ("CDBG"), HOME funds and State Housing Initiatives Partnership funding ("SHIP"). If any funding is available from the City from the aforementioned sources, we will endeavor to apply for such sources to assist with down payments or to facilitate the affordability of the homes to end users through soft second mortgages. Neighborhood Renaissance has obtained subsidies for many of its rental and homeownership developments. Below is a list of some projects that have received affordable housing subsidies: • Mango Cove: o Community Foundation for Palm Beach and Martin County- $133,000 pre- development grant o Wells Fargo Priority Markets Program - $100,000 pre-development grant o TD Charitable Foundation -$100,000 • Art Lofts o HOME purchase assistance: Art Lofts of West Village - $700k NSP2 Grant from Lake Worth CRA; $532,000 of HOME purchase assistance from Palm Beach County. The HOME funds are used to make 4 of the 8 townhomes affordable to households earning less than 80% of AMI. o NeighborWorks Project Reinvest Grant - $500,000 used to make rents affordable to new tenants of a retail building in Lake Worth's West Village • Palm Beach County NSP2 Residential Redevelopment Program - $12 Million of NSP2 funding from Palm Beach County. • Westgate CRA Replacement Housing Infill Project- $2,056,361 State of Florida 2005 Disaster Recovery Initiative Program Grant from Palm Beach County. • Boynton Beach MLK Boulevard Model Block grant in the amount of$229,000 from NeighborWorks UrbanLift and the City's CDBG funds. The funds were used for streetscape improvements such as sidewalks, landscaping and irrigation along the MLK corridor west of Seacrest Blvd. The project also included landscaping and signage on Seacrest including fagade upgrades on two properties. Page 29 of 40 10. [Description of Local Hiring and Training Program See Community Benefit Program description behind this page. Page 30 of 40 Neighborhood Renaissance Diverse Communities—Strong Economies LOCAL HIRING AND TRAINING PROGRAM-COMMUNITY BENEFIT PROGRAM Neighborhood Renaissance, Inc.will collaborate with the Boynton Beach Faith Based Community Development Corporation to implement the Community Benefit Program compiled by the CDC in the attached document. Further, Neighborhood Renaissance, Inc. commits to the utilizing the attached program on the proposed project. NEIGHBORHOOD RENAISSANCE,INC. 3, By: , Print Name: Terri Murray .P Title: Executive Director Date: July 17, 2018 510 24th Street,Suite A* West Palm Beach, FL 33407 * 561.832.6776 * Fax: 561.832.0483 www.neighborhoodrenaissance.org small businesses interested and qualified to do business with the project. Construction Jobs: The developer/builder shall make every effort to ■ Give priority to local contractors and sub-contractors whose principal place of business is in the City of Boynton Beach ■ Enter into contract with contractors that will agree to hire City residents ■ Prior incarceration shall not disqualify an applicant, however drug testing will be a requirement ■ Unskilled applicants will be hired as "helpers to one of the local contractors that are hired within the trade (e.g.plumber, electrician, landscaper, laborer, etc.) ■ Contractors and sub-contractors will be required to submit quarterly payroll records to verify local hires(i.e.names and addresses of local hires,how many hours worked and their rate of pay) ■ The developer, contractors and sub-contractors will pay or cause to pay "Living Wages" for all new hires of City residents. The developer, contractors and sub- contractors shall provide a report that documents employee wages every six months the CDC Goals for the Construction: ■ Ensure qualified City residents are hired and trained to develop construction related skill sets. ■ Provide residents with resources and skills required to be successful in the construction industry ■ Ensure program success and create a model to build on for future developments ■ The CDC will ensure developers/builders of future projects will have job applicants from the City that have been screened and trained in the construction industry and ready to work. Home Ownership Goals: ■ The CDC will identify, educate and counsel prospective homebuyers. ■ Conduct homebuyer education and financial literacy classes, to include credit counseling to prospective buyers, ensuring they are "mortgage ready" and connecting them to down payment assistance programs. ■ Assist with disseminating information in the community regarding home buying opportunities. ■ Verify household income of members and complete income certifications to ensure federal/state program compliance. ■ Create a pipeline of"mortgage ready"buyers seeking homeownership opportunities ® Facilitate the mortgage application and approval process of perspective homebuyers. Provide guidance and support when needed to buyers desirous of homeownership. ■ Facilitate the sale of homes as they become available and ready for sale ■ Source subsidy financing, conduct research on available public funding and complete applications, as well as advocate for same. BOYNTON BEACH FAITH BASED COMMUNITY DEVELOPMENT CORPORATION POST OFFICE BOX 337•BOYNTON BEACH,FL 33425-0337 2191 NO.SEACREST BLVD.•BOYNTON BEACH,FL 33435 PHONE(561)752-0303 •FAX(561)244-5046 COMMUNITY BENEFIT PROGRAM Boynton Beach CDC is a tax exempt, 501 (c) (3) Florida Corporation, based in Boynton Beach with a target area of the entire city, and has among its purposes to develop affordable housing opportunities in Boynton Beach and surrounding communities. Key elements of the CDC's program are to: a) Build/develop well-constructed, affordable/attainable cost housing units for individuals/families who earn between 30%- 120%of the area median income b) Provide first-time homebuyer education c) Provide credit and homebuyer counseling(pre &post-purchase) d) Provide foreclosure prevention counseling and education Boynton Beach CDC supports the Cottage District Development and desires to collaborate/partner with Northwood Renaissance on its successful implementation to ensure that there are maximum community benefits and opportunities for quality housing,job creation and capacity building.The goal of this Community Benefit program is to ensure priority on achieving local participation with respect to business contracting, employment and workforce development. If the project is awarded,along with construction of a portion of the homes that will be built, Boynton CDC will perform the following functions: 1. Serve as community liaison for information and education. 2. Assist with producing a job fair for local residents, contractors and sub-contractors within the City prior to the start of the project to screen for potential job applicants. 3. Ensure business contracting opportunities for local businesses during site improvement and construction 4. Develop program to provide sub-contractor"Bonding"assistance opportunities if needed 5. Monitor/ensure compliance with prioritization to local residents and businesses. 6. Perform targeted marketing and outreach to City residents informing them of employment opportunities to ensure all City residents are informed about available job opportunities. 7. Coordinate a targeted grassroots outreach activities with community groups to deliver job opportunity flyers to public housing units and other low-income communities.Flyers will also be posted in public spaces, including City Hall, City Recreation Centers, the Public Library, churches and other social services agencies as well as social media. 8. Develop target list of residents and eligible/licensed local contractors and small businesses to allow them to participate in the every phase of construction of the project. 9. Work with the developer/builder to develop and execute outreach strategies to residents and I 11. Signed Statement of Intent to Acquire the Property Please see the signed statement of intent to acquire the property behind this page. Page 31 of 40 eigMorhood {u Renaissance Diverse Communities—Strong Economies STATEMENT OF INTENT TO ACQUIRE REAL ESTATE Neighborhood Renaissance, Inc. ("NRI") is submitting a proposal to the Boynton Beach Community Redevelopment Agency ("BBCRA" or "CRA") in response to the CRA's Cottage District Infill Housing Redevelopment Project RFP/RFQ. Pursuant to the requirements of the RFP/RFQ,NRI provides this Statement of Intent to acquire the property from the CRA. The property contains approximately 4.2 acres as described in the RFP/RFQ. NRI proposes that the CRA donate the property to NRI so that the proposed homeownership project can be maintained as affordable to homeowners at the Area Median Income (120%) proposed in the RFP/RFQ. NRI agrees to enter into a Purchase and Development Agreement ("PDA") with the CRA within ninety (90) days after selection as the developer of the Cottage District project subject to any approved extensions. NEIGHBORHOOD RENAISSANCE,INC. By: ...M.M. . -� Print Name: Terri Murray Title: Executive Director !,1.1 r Date: July 16, 2018 51024 1h Street Suite A* West Palm Beach FL - 33407 * 561.832.6776 * Fax: 561.832.0483 www.neighborhoodrenaissance.org 12. Authorization to Perform Credit Checks Please see the appropriate attachments behind this page. Page 32 of 40 ATTACHMENT"F" AUTHORIZATION TO PERFORM CREDIT CHECK For Business: The Proposer hereby consents to and authorizes the Boynton Beach Community Redevelopment Agency's ("BBCRA") investigation into the credit worthiness of the Proposer. Such consent and authorization is given with respect to any and all persons who may conduct an investigation of the Proposer's credit worthiness on behalf of the BBCRA, including independent contractors and credit agencies retained by the BBCRA for such purpose. Any information provided to the BBCRA is a public record subject to the provisions of Ch. 119 F.S. Proposer grants such consent and authorization to the BBCRA for the period commencing as of the date of this authorization and terminating at the time a Proposal is selected by the BBCRA Board. This Proposer hereby waives any and all claims,past present or future,which the Proposer may have against the BBCRA by reason of any credit investigation made pursuant to Proposer's consent and authorization herein given to the BBCRA. An authorization to Perform Credit Check will need to be completed by each Principal/Owner and by the Business. Business Name (D/B/A if applicable): Neil hborhood Renaissance,Inc. Current Business Address: 510 24th Street, Suite A BoN,nton Beach, FL 33407 Federal Tax ID# 65-0352279 State of Incorporation:- Florida Phone#l: 561-832-6776 Fax#: 561-832-0483 Signature. _ �e'�,�, w Date: Title: Executive Director 00980203-1LLW,05.14.18_RFP/Q_BBCRA Page 21 of 36 13. Proof of Financial Ca abilit Please see the requested financial information behind this page. Page 33 of 40 FLORIDA �l�"ysk9 Nr.+1S'Y E Xa 1 URZ,e s ! a "# E ,R € f,, t y LOAN FUNDN July 17, 2018 Ms. Terri Murray Executive Director Neighborhood Renaissance 510-A 24th Street West Palm Beach, FL 33407 Re: Acquisition and construction loan for a 39 home development known as Cottage District Infill Housing Redevelopment Project in Boynton Beach, Dear Ms. Murray: Thank-you for considering Florida Community Loan Fund ("FCLF") as an acquisition and construction lender for the development of a 39 home project known as Cottage District Infill Housing Redevelopment Project, an affordable for-sale housing project in Boynton Beach, Palm Beach County, Florida. Receipt of a formal loan application would be subject to full underwriting of the Project, Borrower, Developer and Guarantors by FCLF and, if approved, would likely offer terms in the following ranges: Borrower: Neighborhood Renaissance or affiliated entity. Purpose: To fund infrastructure improvements and the construction of 39 homes (including single family and townhomes) for sale to low and moderate income homebuyers in Boynton Beach, FL. Loan Amount: $3,500,000. Interest Rate: 4.75% fixed. Loan Term: 2 years plus one optional six month extension, interest only payable monthly, from a to-be agreed upon interest reserve. Fees: Application fee - $300. Loan origination fee — 0.50% of the Loan Amount. Customary closing and FCLF legal fees. Collateral: First mortgage lien on the Project, superior to any and all liens and restrictions. Loan to Value: No more than 85% of the "as-completed' value of the land and improvements that can be constructed with the Loan Amount. Main Office:551 N.I' aa5nohn Ave.Suite 100 E Orlando, FL 32801 1364 407,24&0846 a f:407146,0856 0: ,ov"vJc1f.org Orlando a Jacksonville E Scarcasoto 0 Tcarna.r-N Fort Lrauder,:4ele NEIGHBORHOOD RENAISSANCE, INC. AND SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30, 2017 I I i i i FRIEDMAN, FELDMESSER & KARPELES, P.A. CERTIFIED PUBLIC ACCOUNTANTS TABLE OF CONTENTS PAGE NO. INDEPENDENT AUDITORS' REPORT........................................................ 1 CONSOLIDATED STATEMENT OF FINANCIAL POSITION........................ 2 — 3 CONSOLIDATED STATEMENT OF ACTIVITIES.......................................... 4— 5 CONSOLIDATED STATEMENT OF FUNCTIONAL EXPENSES.................. 6 CONSOLIDATED STATEMENTS OF CASH FLOWS .................................. 7 — 8 NOTES TO FINANCIAL STATEMENTS....................................................... 9- 17 d INDEPENDENT AUDITORS' REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENTAUDITING STANDARDS....:..... 18 SCHEDULE OF FINDINGS AND RECOMMENDATIONS............................. 19 1 Kenneth R. Friedinan, CPA 1V4ark S. Feldmesser, CPA oil Richard L. Karpcics, (-11A, MEINFriedman, Feldmesser. & Karpetes, CPA, LLC www,ff-kcpa.corn INDEPENDENT AUDITORS' REPORT Board of Directors Neighborhood Renaissance, Inc. and Subsidiary West Palm Beach, Florida We have audited the accompanying consolidated statement of financial position of Neighborhood Renaissance, Inc. and Subsidiary (the Organization) as of September 30, 2017, and the related consolidated statements of activities and cash flows for the year then ended, and the notes to the consolidated financial statements. These financial statements are the responsibility of Neighborhood Renaissance, Inc. and Subsidiary's management. Managlment!s Responsib!fty for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error, Auditor's-Responsiblifty Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the financial statements,whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion.An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Neighborhood Renaissance, Inc. and Subsidiary as of September 30, 2017, and the changes in is net assets and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. 641 University Boullevard, Suite 210,Jupiter, I'L 33458 (5 1) 622-9990 fax. (561) 622-2523 Other Retorting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated April 18, 2018, on our consideration of Neighborhood Renaissance, Inc. and Subsidiary's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. Supplementary Information Our audit was made for the purpose of forming an opinion on the consolidated financial statements taken as a whole. The accompanying supplementary information listed on the table of contents is presented for purposes of additional analysis and is not a required part of the consolidated financial statements. Such information has been subjected to the auditing procedures applied in the audit of the consolidated financial statements and, in our opinion, is fairly stated in all material respects in relation to the consolidated financial statements taken as a whole. Friedman, Feldmesser& Karpeles, CPA, LLC Jupiter, FL April 18, 2018 I i i j NEIGHBORHOOD RENAISSANCE, INC.AND SUBSIDIARY (a Non-Profit Corporation) CONSOLIDATED STATEMENT OF FINANCIAL POSITION SEPTEMBER 30,2017 ASSETS Cash in bank-operating $ 721,867 Cash in bank-HOME/Coleman Park 122,017 Cash in bank-security deposits 60,595 Cash in bank-NSP2 reserve for repairs 737,798 Accounts receivable 2,472 Reimbursements receivable 1,757,451 Prepaid expenses 130,897 Property and equipment-net 9,931,197 Property under development 2,839,286 Land 720,000 Deposits 4,611 TOTAL ASSETS $ 17,028,191 LIABILITIES AND NET ASSETS LIABILITIES Accounts payable $ 359,332 Security deposits payable 60,417 Accrued and other liabilities 6,160 Notes and mortgages payable 3,133,731 TOTAL LIABILITIES 3,559,640 NET ASSETS Unrestricted 13,468,551 TOTAL LIABILITIES AND NET ASSETS $ 17,028,191 i I I See accountants'audit report and accompanying footnotes 2 NEIGHBORHOOD RENAISSANCE,INC.AND SUBSIDIARY (a Non-Profit Corporation) CONSOLIDATING STATEMENT OF FINANCIAL POSITION SEPTEMBER 30,2017 ASSETS Neighborhood Your Way Renaissance, Inc Home_Realtly,lnc. EliminationsTotals Cash in bank-operating $ 718,289 $ 3,578 $ - $ 721,867 Cash in bank-HOME/Coleman Park 122,017 - - 122,017 Cash in bank-security deposits 60,595 - - 60,595 Cash in bank-NSP2 reserve for repairs 737,798 - - 737,798 Accounts Receivable 153,118 - (150,646) 2,472 Reimbursements receivable 1,757,451 - - 1,757,451 Prepaid expenses 130,897 - 130,897 Property and equipment-net 9,931,197 - - 9,931,197 Property under development 2,839,286 - - 2,839,286 Land 720,000 - - 720,000 Deposits 4,611 4,611 TOTAL ASSETS $ 17,175,259 $ 3,578 $(150,646) $17,028,191 LIABILITIES AND NET ASSETS LIABILITIES Accounts payable $ 359,332 $ 150,646 $(150,646) $ 359,332 Security deposits payable 60,417 - - 60,417 Accrued and other liabilities 6,160 6,160 Notes and mortgages payable 3,133,731 3,133,731 TOTAL LIABILITIES 3,559,640 150,646 (150 646p 3,559,640 NET ASSETS Unrestricted 13 615,619 (147,068) - 13,468,551 TOTAL LIABILITIES AND NET ASSETS $ 17,175,259 $ 3,578 ($150,646; 17,028,191 i See accountants'audit report and accompanying footnotes I 3 I i NEIGHBORHOOD RENAISSANCE, INC. AND SUBSIDIARY (a Nom-Profit Corporation) CONSOLIDATED STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30,2017 REVENUES AND OTHER SUPPORT i Public Support Grants $ 480,096 Contributions 74,869 Revenues Rental income-commercial 61,462 Rental income-residential 728,919 Gain on sale of property 341,477 Commission Income 22,0.87 Interest Income 4,416 Developer.Fee income 176,684 Program services and other revenues 184,475 Total Public Support and Revenues 2,074,485 EXPENSES Program services General and Administrative Expenses 116,804 Economic Development Programs 381,718 Housing and Community Development 1,118,112 Subtotal 1,616,634 i Increase in Net Assets 457,851 i Net Assets - October:1, 2016 13,010,700 Net Assets - September 30, 2017 $ 13,468,551 See accountants' audit report and accompanying footnotes I 4 NEIGHBORHOOD RENAISSANCE,INC.AND SUBSIDIARY (a Non-Profit Corporation) CONSOLIDATING STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30,2017 Neighborhood Your Way Renaissance:Inc Home Realty Inc Eliminations Total i REVENUES AND OTHER SUPPORT Public Support Grants $ .480,096 $ - $ 480,096 Contributions 74,869 _ 74,869 Revenues Rental income-commercial 61,462 - 61,462 Rental income-residential 728,919 728,919 Gain on sale of property 341,477 341,477 Commission Income - 22,087 _ 22,087 Interest Income 4,416 - 4,416 Reimbursed expenses 116,330 (116;330)' Developer Fee income 176,684 176,684 Program services and other revenues 184,475 184,475 Total Public Support and Revenues 2,168,728 22,087 (116,330 _ 2,074,485 EXPENSES, Programservices General and Administrative Expenses 97,475 135,659 (116,330) 116,804 Economic Development Programs 381,718 - 381,718 Housing and Community Development 1,118,112 1,118 112 Total Expenses _ 1597,305 135,659 (116,330] 1,616,634 Increasel(Decrease) in Net Assets 571,423 (113,572) 457,851 I Net Assets-October 1,2016- 13,044,196 t33 496} 13,010.700 — 700 Net Assets-September 30,2017 $ 13,615,619f$147,068) „._ $13,468,551 i I I I i I See accountants'audit report and accompanying footnotes 5 NEIGHBORHOOD RENAISSANCE, INC. &SUBSIDIARY (a Non-Profit Corporation) STATEMENT OF FUNCTIONAL EXPENSES FOR THE YEAR ENDED SEPTEMBER 30,20.17 Program Services Economic Housing and Total General and Development Community Program Administrative Programs Development .Services Salaries & Benefits $ 38,163 $ 76,326 $ 267,140 $ 381,628 Payroll taxes 2 545 .5,089 _ .17,811 25,446 Total salaries, benefits and taxes 40,708 81,415 284,951 407,074 Rental expenses - 186,769 435,794 622,563 Professional fees 2,629 5,258 18,403 26,291 Office expense . 1,280 2,559 8,958 12,796 Advertising & Marketing 321 642 2,248 3,212 Telephone 136 273 955 1,364 Occupancy 3,743 7,486 26,201 37,430 Equipment rental 80 160 561 801 Licenses and fees 329 659 2,305 3,293 Travel, conferences and seminars 530 1,060 3,711 5,302 Insurance 806 1,611 5,640 8,057 Interest expense 764 1,528 5,347 7,639 Total operating Expenses 51,327 289,421 795,074 1,135,822 Depreciation 46,148 92,296 323,037 461,482 Total Expenses $ 97,475 $ 381,718 $ 1,118,1.12 $ 1,597,304 i i i I - j See accountants'audit report and accompanying footnotes. 6 NEIGHBORHOOD RENAISSANCE, INC. &SUBSIDIARY (a Non-Profit Corporation) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED SEPTEMBER 30, 2017 CASH FLOWS FROM OPERATING ACTIVITIES Change in Net Assets. $ 457,851 Adjustments to reconcile change in net assets { to net cash flow provided by operations: Depreciation 461,482 (Increase)/decrease in assets Reimbursement receivable (1,757,451) Accounts receivable 3,372 Prepaid insurance (501) Deposits 3,562 Increase/(decrease)in liabilities Accounts payable and accrued expenses 280,433 Security deposits payable (21,549) i TOTAL ADJUSTMENTS (1,030,652) NET CASH (USED) BY OPERATING ACTIVITIES572,801 CASH FLOWS FROM INVESTING ACTIVITIES Change in property and equipment 1,221,026 Change in property under development-net ___L506,774) NET CASH PROVIDED BY INVESTING ACTIVITIES 714,252 CASH FLOWS FROM FINANCING ACTIVITIES Change in notes and mortgages payable-net 292,067 NET CASH (USED) BY FINANCING ACTIVITIES 292,067 NET INCREASE IN CASH 433,518 CASH, BEGINNING 1,208,.759 i i CASH, ENDING 1,642,277 See accountants'audit report and accompanying footnotes 7 e i NEIGHBORHOOD RENAISSANCE,INC.&SUBSIDIARY (a Non-Profit Corporation) CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED SEPTEMBER 30,2017 i I Neighborhood Your Way Renaissance Home Realty Eliminations Total CASH FLOWS FROM OPERATING ACTIVITIES Change in Net Assets _$ 571,423 $ 113,572;1 $ 457,851 i Adjustments to reconcile change in net assets to net cash flow provided by operations: Depreciation 461,482 - 461,482 i I (Increase)/decrease in assets _ Accounts receivable 3,372 3,372 Reimbursements receivable (1,757,451) (1,757,451) Prepaid insurance (501) (501) Deposits 3,562 - 3,562 Increasel(decrease)in liabilities _ Accounts payable and accrued expenses 165,719 114,714 280,4.33 Deferred grant revenue _ Security deposits payable (211549+ (21,549) TOTAL ADJ U STM E NTS (1,145,366) 114,714 ,•__._ (1 030,652) NET CASH PROVIDED BY OPERATING ACTIVITIES (573,943) 1,142 - (572,801) CASH FLOWS FROM INVESTING ACTIVITIES Change in property and equipment 1,221,026 - - 1,221,026 Change in property under development-net (506,7741 -_...0 ..M - Wm(506,774) NET CASH(USED)BY INVESTING ACTIVITIES 714,252 714,252 CASH FLOWS FROM FINANCING ACTIVITIES Change in notes and mortgages payable-net 292,067 - - 292,067 NET CASH PROVIDED BY FINANCING ACTIVITIES 292,067 292;067 NET INCREASE/(DECREASE)IN CASH 432,376 1,142 433,518 CASH, BEGINNING 1,206,323 _ " 2,436 1,208,759 CASH, ENDING $ 1,638,699 $ 3,578 $0 1,642,277 I See accountants'audit report and accompanying footnotes 8 NEIGHBORHOOD RENAISSANCE,:INC. & SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 1 --ORGANIZATION Nature of the Or anization's Activity Neighborhood Renaissance, Inc. was formerly known as Northwood Renaissance, Inc. The name was changed in November. 2006 in order to more appropriately reflect the expansion of the Organization's activities to projects throughout all of Palm Beach County and not just to the area previously served by the Organization known as the Northwood neighborhood. The Organization is organized to promote commercial and residential investment, development and revitalization within Palm Beach County and to improve the quality of life for low and moderate-income residents. To achieve its objectives, the Organization expends grants and contributions received from -various entities. Principles of consolidation The accompanying financial statements present the financial position and activities of operations of Neighborhood Renaissance, Inc. and its recently formed wholly-owned subsidiary, Your Way Horne Realty, Inc., collectively referred to herein as the Organization. Significant intercompany transactions and balances have been eliminated in consolidation. NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash_and Cash Equivalents For purposes of reporting cash flows, the Organization considers all money market funds with an original maturity of three months or less to be cash equivalents. Included are amounts earmarked by the Organization for repairs and improvements on NSP2 and Pleasant City properties, as required in the grant agreements. Property and Equipment Property and equipment purchased by the Organization are stated at cost. Donated property and equipment are stated at fair market value at the date of the donation. Interest and related holding costs for projects under construction and renovation are capitalized. Donations are reported as unrestricted support unless the donor has restricted the donated asset to a specific purpose. Assets donated with explicit restrictions regarding their use and contributions of cash that must be used to acquire property and equipment are reported as restricted support. Absent of donor stipulations regarding how long those donated or acquired assets are placed in service as instructed by the donor reclassifying temporarily restricted net assets to unrestricted net assets at that time. Those assets donated with donor stipulations regarding permanent restrictions for a certain use are included as permanently restricted. i i Major additions which materially increase the value of the property are capitalized and depreciated over I the life of the asset. Maintenance and repairs are charged to expense as incurred. Depreciation expense has been computed using the straight-line method over useful lives ranging from 5 to 40 years. The Organization follows the practice of capitalizing all expenditures for land, buildings and equipment in excess of$250. Property and equipment includes the cost of homes, as adjusted for impairment losses, acquired and rehabilitated as part of the Urban Infill Project, Neighborhood Stabilization Programs and HOME (See 9 NEIGHBORHOOD RENAISSANCE, INC. &SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Footnote 3) which are being rented to eligible households. These homes are being depreciated over their estimated useful lives. Financial Statement Presentation Under FASB 117, "Financial Statement of Not-For-Profit Organizations", the Organization is required to report information regarding its financial position and activities according to three classes of net assets: unrestricted net assets, temporarily restricted net assets, and permanently restricted net assets. In addition, the Organization is required to present a statement of cash flows. Contributions Contributions received are recorded as unrestricted, temporarily restricted, or permanently restricted .support depending on the existence and/or nature of any donor restrictions. In addition, the Organization recognizes only those contributed services which are provided by individuals possessing "specialized skills". Promises to Give Unconditional promises to give are recognized as revenues or gains in the period received and as assets, decreases of liabilities, or expenses depending on the form of the benefits received. Conditional promises to give are recognized when the conditions on which they depend are substantially met. Restricted and Unrestricted Revenue Supnort Support that is restricted by the donor is reported as an increase in unrestricted net assets if the restriction expires in the reporting period in which the support is recognized. All other donor-restricted support is reported as an increase in temporarily or permanently restricted net assets, depending on the nature of the restriction. When a restriction expires(that is, when a stipulated time restriction ends or purpose restriction is accomplished), temporarily restricted net assets are reclassified to unrestricted net assets and reported in the Statement of Activities as net assets released from restrictions. Unrestricted support increases unrestricted net assets. Grant Revenue Recognition i The Organization receives various grants from federal, state and local agencies as well as from private institutions for program and supporting service expenses. These grants are on a cost reimbursement basis or fee for service, including recoverable overhead. The Organization generally must abide by certain terms and conditions as set forth in the grant agreements and any unexpended grant funds must generally be returned to the donor. Revenue from grants is deemed earned and recognized in the Statement of Activities when all terms and conditions are met. Prior to that, unearned grant funds are classified as deferred revenue on the Statement of Financial Position. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of 10 NEIGHBORHOOD RENAISSANCE, INC. & SUBSIDIARY NOTES TO FINANCIAL,STATEMENTS SEPTEMBER 30, 2017 NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) the financial statements and the reported amounts of revenues, support and expenses during the period. Actual results could differ from those estimates. Property Under Development Costs that clearly relate to.land and building development projects are capitalized. Acquisition and other direct costs and interest related to the acquisition and development of projects are capitalized. Donated property is stated at fair market value at the date of the donation. Costs are allocated to the specific project units by the specific identification method whenever possible. Otherwise, acquisition costs are allocated based on .their relative fair value before development, and development costs are allocated based on their relative sales value. Accounting for Impairment Losses The Organization records losses on long-lived assets when indicators of impairment are present. In this connection, certain of the Property held for rental were written down to appraised value. Income Taxes The Organization is a not-for-profit organization that is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and classified by the Internal Revenue Service (IRS) as other than a private foundation. The Organization elected to file Form 990, Return of Organization Exempt from Income Tax for its tax year ending in 2017. The Organization follows the reporting and disclosure guidance for uncertainty in income taxes as defined in FASB ASC 740. The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statement when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. As of September 30, 2017, 2016 and 2015, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Generally, the Internal Revenue Service may review the returns for the past three years. Functional Exp gnses Then costs of providing the various programs and other activities have been detailed in the statement of functional expenses and summarized on a functional basis in the statement of activities. Salaries and other expenses, which are associated with specific programs, based on management's estimates. The Organization's functional areas are as follows: Economic Development Programs - Includes expenses for promotion of redevelopment districts, new business recruitment, commercial development and the implementation of economic development projects in the Northwood/Pleasant City CRA district as well as other redevelopment areas in Palm Beach County. Housing and Community Development - Includes expenses for neighborhood revitalization activities such as the neighborhood stabilization activities including NSP 1 and NSP2 programs, the development and preservation of affordable housing opportunities, homebuyer education and training and the redevelopment of vacant and underutilized mixed-use commercial properties. General and Administration — Includes expenses for the board of directors and organizational capacity development activities, grant writing, general fund raising, and day- to-day operations. 11 NEIGHBORHOOD RENAISSANCE, INC. &SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 3— PROPERTY AND EQUIPMENT The following summarizes property and equipment at September 30, 2017: Equipment $ 43,931 Furniture and fixtures 8.,752 Property held for rental 11,173,039 Building - 504-510 658,685 $ 11,884,407 Less accumulated depreciation (1,953,210) $ 9,931,197_ During the fiscal year ended September 30, 1999, a duplex at 504-510 24th Street ("the Duplex") was donated to the Organization. The Duplex was recorded as $7,500 for land and $68,173 for building. The Organization renovated this building under its neighborhood revitalization program and occupied a portion of the property in September 2003. The rest of the property has been improved for tenant inhabitance. Property held for rental consists of the cost of single and multi-family homes and apartments acquired and re-developed as part of the Urban Infill Project, Neighborhood Stabilization Programs (NSP-1 and NSP-2), HOME Program and various donated properties which are being rented to eligible households. Rental properties acquired through these programs are deed restricted for occupancy by low and moderate income households. The original cost of property held for rental is comprised of $11,558,393 for the cost to purchase and rehabilitate the residence and $426,000 for the cost of the land, less a .$811,354 reduction for impairment loss through fiscal year ended September 30, 2017. The Northwood Urban Infill Redevelopment Project ("Urban Infill Project") originally consisted of fourteen such properties. Four of the properties were purchased by the Organization and the other ten properties were vacant lots donated to the Organization by the City of West Palm Beach which were each recorded at an appraised value of$80,000 at date of donation. As of September 30, 2017, all fourteen properties have been sold, nine of which the Organization has retained the land rights on and is leasing the land back to the purchasers of the houses in long-term ground leases. in April 2010, the Organization entered into an agreement with Palm Beach County to facilitate the use of grant funds available pursuant to the Neighborhood Stabilization Program (NSP-1) of the Housing and Economic Recovery Act of 2008 for the acquisition and rehabilitation of single family homes for rental to income eligible families. As of September 30, 2017, three such homes have been purchased and redeveloped using grant funds totaling $510,568 and all three homes have been rented to an income eligible household. I 12 NEIGHBORHOOD RENAISSANCE, INC. & SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 3— PROPERTY& EQUIPMENT (CONTINUED) In October 2010, the Organization entered into an agreement with Palm Beach County for the use and benefit of its HOME Investment Partnership Programs to facilitate the use of grant funds available pursuant to the Cranston-Gonzalez National Affordable Housing Act of 1990. Under this agreement, as amended in October 2011, the Organization would receive grant funds not to exceed $397,049 through December 31, 2012 to use for the acquisition and rehabilitation of at least two (2) single family homes for sale or rental to income eligible families. The grant would also reimburse the Organization for operating expenses up to a maximum of $17,831. A second amendment executed in December 2012 increased the maximum grant funds available to $529,399 and extended the grant period through September 15, 2013. As of September 30, 2017, both properties had been acquired and rehabilitated by the Organization, one of which has been sold and one of which has been rented to eligible households. In May 2011, the Organization entered into an agreement with Palm Beach County to facilitate the use of grant funds available pursuant to the Neighborhood Stabilization Program (NSP-2) of the American Recovery and Reinvestment Act of 2009 and Housing and Economic Recovery Act of 2008. Under this agreement, the Organization would receive grant funds not to exceed $9,500,000 through November 15, 2012 to use for the acquisition and rehabilitation of at least fifty (50) single family homes to be sold, rented or lease-purchased to income eligible families. The acquired properties must be located in selected zip codes, must be bank-owned properties acquired out of foreclosure, must be vacant and the purchase price for any one property must not exceed $225,000. The grant agreement was amended on January 31,- 2013 to.increase the maximum funding award to $12,226,117. As of September 30, 2017, fifty'-three (53) such properties have been purchased and rehabilitated using grant funds totaling $12,226,117. Ten (10) of the homes have been sold and forty- three (43) of the properties have been rented to income eligible households. In addition, the Organization acquired and redeveloped two additional bank-owned properties. The properties were acquired by way of donation and were rehabilitated at a total cost of $138,100. One of the properties was sold in 2016. The remaining unsold property has been rented to an income eligible household. NOTE 4- PROPERTY UNDER DEVELOPMENT In April 2016, the Organization acquired property on Florida Mango Road in West Palm Beach, Florida. The property was acquired for approximately $1,175,000 substantially with financing from the Florida Community Loan Fund and a seller-financed second mortgage. The property will be developed as an apartment building (Mango Cove Apartments)with 36 units for rent to income eligible families. I The Organization executed a loan agreement in February 2017 with Palm Beach County(PBC) to sell up to 20 Neighborhood Stabilization Program (NSP-2) single-family homes for the purpose of funding the development of the Mango Cove Apartments. The agreement stipulates that as each NSP-2 home previously funded by PBC is sold, sale proceeds are remitted to PBC as program income and made available to the Mango Cove project at a 0% interest loan. In this connection, as of September 30, 2017, a total of $1,369,161 was due from PBC for the Mango Cove project and included in the Reimbursements' Receivable balance in the Consolidated Statement of Financial Position. Upon successful completion and operation of the multi-family rental complex for eligible households the loan will be forgiven on March 31 2048. At September 30, 2017, the Organization submitted for a building permitted. Project completion is anticipated prior to April 2019. 13 NEIGHBORHOOD RENAISSANCE, INC. & SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 4- PROPERTY UNDER DEVELOPMENT (CONT'D) In August 2015, as amended,.in December. 2015 and June 2017, the Organization entered into a development agreement with Lake Worth Community Redevelopment Agency (LWCRA) to develop for the purpose of selling to qualified buyers specific property in Lake Worth, Florida pursuant .to the LWCRA's Neighborhood Stabilization Program (NSP-2). Under the terms of the agreement, the CRA has conveyed the subject property to the Organization, upon which the Organization will develop eight (8) residential live/work units for income eligible buyers, and 2000 square feet of commercial space, garage, parking areas and associated amenities as per site plan. The units will be marketed for sale solely to income eligible "Artists" (as defined in the agreement). The affordability period must remain in place for a minimum of fifteen (15) years. The agreement also provides for date specific benchmarks that the Organization must comply with. The LWCRA has the right to reacquire the property if the Organization. defaults on any part of the agreement. As part of the agreement, the LWCRA agreed to provide the Organization with a loan of up to Seven Hundred Thousand Dollars ($700,000) toward Development Costs (as defined), up to Twenty-Five Thousand Dollars ($25,000) toward the initial maintenance reserve and up to Twelve Thousand Dollars ($12,000) to assist the Artists with the unit purchase. The CRA agrees to execute a partial release of the loan obligation each time an individual unit is sold to a qualified purchaser, provided the Organization remains in full compliance with the agreement. As.of September 30, 2017, the Organization has drawn $464,976 against the CRA loan for architect and design fees, building permits, construction loan closing costs. In addition, as of September 30, 2017, $142,626 was receivable from the LWCRA for eligible construction expenses incurred. The organization anticipates closing on the sale of units beginning in August 2018. In September 2017, the organization entered into a 0% interest HOME loan agreement with PBC in the amount of$532,187 to assist four(4) of the Lake Worth "Artist" residential live/work units to be affordable to low-income buyers earning less than 80% of the area median income adjusted for family size. The loan is due the sooner of September 30, 2019 or upon the sale of each assisted unit. Eligible buyers may receive up to $133,047 of the loan as purchase assistance. The HOME assisted units will be deed restricted for a period of thirty (30) years. As of September 30, 2017, $245,664 was receivable from PBC for eligible development expenses. In addition to the above, through September 30, 2017, the Organization acquired two (2) distressed properties which have been rehabilitated for sale to income eligible families. The properties were purchased outright. As of September 30, 2017, one (1) of the homes was sold to an income eligible purchaser, and the remaining property was in the process of being rehabilitated. NOTE 5- GRANTS The following is a summary of grant revenues earned by grantor agency for the year ended September 30, 2017. i Bank United $ 9,500 NeighborWorks 50,000 Pleasant City-WPB 320,596 I TD Bank 100,000 { i Total Grant Revenues $ 480,096 14 - �,M I NEIGHBORHOOD RENAISSANCE, INC. & SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 5—GRANTS (CONT'D) The NeighborWorks grant revenue is part a $500,000 grant agreement entered into in May 2017 with NeighborWorks America in order to support community stabilization. and revitalization. The total grant award of$500,000 is payable'at defined intervals through November 19, 2018 as work progresses. The grants listed above were received to pay the salaries and other costs related to community development, affordable housing and neighborhood stabilization. The Organization must comply with certain covenants and stipulations as defined in the grant agreements, including certain deed restrictions on the acquired properties as defined in the grant agreements. NOTE 6— UNINSURED CASH BALANCES The Organization maintains one non-interest bearing checking account at one local financial institution and three non-interest bearing accounts at another financial institution. Interest bearing and non-interest bearing accounts at the same financial institution are insured up to $250,000 by the Federal Deposit Insurance Corporation ("FDIC'). At September 30, 2017, the Organization had uninsured deposits of $193,701, and $8,200 respectively at two of the financial institutions. The Board of Directors is in the process of reviewing alternative banking alternatives to bring all accounts taken as a whole below the. FDIC $250,000 limitation. As of the audit date, the Organization has not experienced any loss due to the uninsured balances. s i i (NOTES TO FINANCIAL STATEMENTS CONTINUED ON PAGE 16) I I I 15 NEIGHBORHOOD RENAISSANCE, INC.& SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 7- NOTES AND MORTGAGES PAYABLE Promissory Note Payable to PNC Bank with monthly principal and interest payments of$1,496.68 through December 15, 2023. The note bears interest at 3%per annum and is secured by the 504-514 24 Street'Property. $ 102,053 Promissory Note Payable to PNC Bank with monthly principal and interest of $863.88 through December 15, 2023. The note bears interest at 6.50% through January 15, 2014, after which the interest note becomes prime plus 3.75%. The note is secured by the 504-510 24 Street property. 52,442 Line of credit through Florida Community Loan Fund in the amount of $975,000 which matures on April 6,2019. The line bears interest at 5.25% and the amount of credit available on 9/30/2016 is$461,293. The line can be withdrawn at the financial institution's option in the event of default in complying with the terms of the note or default of the development agreement.The loan is secured by certain NSP2 properties. 347,665 The Organization had a revolving line of credit with the Florida Community Loan Fund (FCLF) providing for maximum borrowings of$750,000. The funds were to be used to acquire and renovate foreclosed properties. In. August 2014, FCLF converted the balance to a term loan in the amount of $668,670. The loan bears interest at 5.75%and is payable in monthly principal and interest payments of$3,902 though maturity on August 1, 2024. The loan is secured by NSP2 properties. 638,956 Recoverable Grant with LISC is to be used in development of the 504-510 24 Street property. The grant funds were to'be repaid no later than October 1,2004. The Organization has requested a continuance. 8,000 Loan from Florida Community Loan Fund in the amount of$25,000 at an interest rate of 5.50% with a maturity date of August 10, 2021, with monthly payments of principal and interest of $142. The loan is secured by property located at 6080 Forest Hill Blvd. 24,563 i 16 NEIGHBORHOOD RENAISSANCE, INC. & SUBSIDIARY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 NOTE 7 - NOTES AND MORTGAGES PAYABLE (CONTINUED) Loan payable to the Florida Community Loan Fund in the amount of $1,040,000 with interest only payments through maturity on 4/19/19, at which time the entire indebtedness is clue. Interest rate is 5% fixed rate, simple interest. The loan is secured by property located on Florida Mango Road. 1,040,000 The Organization has a line of credit through Floirda Community Loan Fund (FCLF) providing for maximum borrowings of $1,666,000. The funds are to be used to construct the Art Loft of West Village. The line matures June 2019 at an interest rate of 5%. 357,458 Loan payable to the West Palm Beach Community Redevelopment Agency. The funds were designated to be used in connection with the development of the Village Centre project. The loan was modified effective September 2014 and now calls for monthly principal and interest payments of $ 255 through December 1, 2020. The loan bears interest at 4.2% per annum. 9,168 Note payable to Florida Community Loan Fund with monthly principal and interest payments of$1,858 through April 1, .2022, at which time the unpaid balance becomes due. The note bears interest at 5.75% per annum and is secured by mortgages on 504-510 24th Street property. 88,450 Loan payable to the Lake Worth Community Redevelopment Agency in connection with the development of the property located at 110 North F Street, Lake Worth (West Village Project). The loan provides for maximum borrowing of up to $700,000 and is secured by a second mortgage on the subject property. As units are sold to qualified buyers and all terms of the agreement are met, the CRA will issue a partial release of lien and loan balance forgiveness. 464,976 $3,133,731 17 I Kenneth R. Friedman, CPA Mark S. Feldinesser, CPA Richard L. Karpeles, C13A INNERFriedman, Feldmesser & Karpeles, CPA, 1.1-C www.ffkcpa.cwa INDEPENDENT AUDITORS' REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Board of Directors Neighborhood Renaissance, Inc.&Subsidiary (a non-profit corporation) West Palm Beach, Florida We have audited the financial statements of Neighborhood Renaissance, Inc. (a non-profit corporation) and Subsidiary (the "Organization") as of September 30, 2017, and have issued our report thereon dated April 18, 2018. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards, issued by the Comptroller General of the United Compliance As part of obtaining reasonable assurance whether Neighborhood Renaissance, Inc.'s financial statements are free of material misstatements, we performed tests of compliance with certain provisions of laws, contracts and grants, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reportin In planning and performing our audit, we considered Neighborhood Renaissance, Inc.'s internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide assurance on the internal control over financial reporting. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control over financial reporting that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that a material misstatements in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control over the financial reporting and its operation that we consider to be material weaknesses. This report is intended for the information of the Board of Directors, management and applicable City, State, and Federal agencies and is not intended to be and should not be used by anyone other than these specified parties. April 18, 2018 18 641 L)niversity Boiulevard, Suite 210,JUpiter, FL 33458 (561) 622-9990 fax: (561) 622--2523 NEIGHBORHOOD RENAISSANCE, INC. & SUBSIDIARY SCHEDULE OF FINDINGS AND RECOMMENDATIONS SEPTEMBER 30, 2017 Current Findings—None noted 19 r; GRAPHYC arint-DO NOT PROCESS I As Filed Data- DLN:93493094002148 Return of Organization Exempt From Income Tax OMB No 1545-0047 Form �-__W..... e Under section 501(c),527,or 4947(a)(1)of the Internal Revenue Code(except private foundations) 2016 Department ofthe Trenxin ►Do not enter social security numbers on this form as it may be made public ---- - -___--- Internal Re�enueSer,ice ►Information about Form 990 and Its instructions is at www IRS uowform990 P A For the 2016 calendar yearx or tax year bes innin 10-01-2016 ,,and endin 09-30-2017 B Check if applicable C Name of organization D Employer identification number ❑Address change NEIGHBORHOOD RENAISSANCE INC 65-0352279 11Name change , ❑Initial return Doing business as Final L1leturn/terminated -..-�. w E Telephone number Number and street(or P O box if mad is not delivered to street address) Room/suite ❑Amended return 510-24 STREET (561)832 6776 ❑Application pending ..,,...., .._..,......�._ __.�.. .............. ,.,,... . .,,� .__.._.. City or town,state or p-ovince,country,and ZIP or foreign postal code WEST PALM BEACH,FL 33407 G Gross receipts S 2,437,302 F Name and address of principal officer Ha CARL A FLICK ( ) Is this a group return for 221 34TH STREET subordinates? ❑Yes ©No WEST PALM BEACH,FL 33466 H(b) Are all subordinates ................ _.. _.._._ included? ❑Yes ❑No I Tax-exempt status R 501(c)(3) ❑ 501(c)( )A(insert no ❑ 4947(a)(1)or ❑ 527 If"No,' attach a list (see instructions) I Website:► N/A H(c) Group exemption number► _, _..........___-- K Fc-m of organization 9Corporation El Trust El Association ❑ Other► L Year of formation 1992 M State of legal domiale FL Summar} _ - 1 Briefly describe the organization's mission or most significant activities COMMUNITY DEVELOPMENT ;C �..,.,.._...,� _,w... -�...�.. .. p , 2 Check this box► if the organization discontinued its operations or disposed of more than 25%of its net assets Ll 3 Number of voting members of the governing body(Part VI, line la) 3 10 'd 4 Number of independent voting members of the governing body(Part VI,line lb) 4 10 a 5 Total number of mdividuals employed in calendar year 2016(Part V,line 2a) . 5 6 6 Total number of volunteers(estimate if necessary) . . 6 7 Q 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 Prior Year Current Year ... — a 8 Contributions and grants(Part VIII,line lh) 231,079 554,965 a9 Program service revenue(Part VIII,line 2g) . 2270521 477,489 ars', 10 Investment income(Part VIII,column(A),lines 3,4,and 7d) 128,5281 345,893 11 Other revenue(Part VIII,column(A),Imes 5,6d,8c,9c, 10c,and lie) 306,235 167,818 12 Total revenue-add lines 8 through 11(must equal Part VIII,column(A),line 12) 892,894 1,546,165 __ 13 Grants and similar amounts aid Part IX,column(A),Imes 1-3 - - 14 Benefits paid to or for members(Part IX,column(A),line 4) . 0 15 Salaries,other compensation,employee benefits(Part IX,column(A),Imes 5-10) 403,450 407,074 °2 16a Professional fundraising fees(Part IX,column(A),line Ile) . p a; .......... Qu b Total fundraising expenses(Part IX,column(D),line 25)10-0 17 Other expenses(Part IX,column(A),lines Ila-lid, Ilf-24e) 507,240 567,667 . 18 Total expenses Add lines 13-17(must equal Part IX,column(A),line 25) 910,690 974,741 ..... 19 Revenue less expenses Subtract line 18 from line 12 I -17,796 571,424 ..... Beginning of Current Year End of Year dm 20 Total assets(Part X,line 16) . .. 16,019,388 17 175,260 21 Total liabilities(Part X,line 26) . .M.M ... 3,007,782 3,559,641 Zu' 22 Net assets or fund balances Subtract line 21 from line 20 13,011,606 13,615,619 Signature Block Under penalties of perjury,I declare that I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief,it is true,correct,and complete Declaration of preparer(other than officer)is based on all information of which preparer has any knowled'e .. _.....,,,...,,,_„�, ,....„_ 2018-01-29 Signature of officer Sign Date ._w ._..�.-...,., Here .,:ARL FLICK PRESIDENT Type or punt name and title ...._.� .....�.._.. .._ n,�.. ,.._..._._._. .. Print/Type preparer's name Preparers signature Date 7 PTIN RICHARD L KARPELES RICHARD L KARPELES 2018-04-04 i Check ❑ if Paid i self-em�lo-ed Preparer Frm's name ► FRIEDMAN FELDMESSER AND KARPELES CPA LLC Firm's EIN► Use Only Firm's address 11-641 UNIVERSITY BLVD STE 210 Phone no (561)622-9990 JUPITER,FL 33458 May the IRS discuss this return with the preparer shown above?(see instructions) . . . . . . . . . , ®Yes El No _ _ For Paperwork Reduction Act Notice,see the separate instructions. Cat No 11282Y Form 990(2016) N ' � ❑ O m O Z N Z551 1 O CL ❑ a 0� of c } xx o ❑ a)— O LL ru Ln ❑ v1 O I W L� 7 Y N N VI N L E s Y • N O » M O N U C u N c o O d v > v ru v v - N u r m E° ttr o o o1� c o m CL v v >. W c a+�. °� 3 ro 0 c -C w L • C L C L y uu y O w bw r0 > + O N O O p L OO V m iL Y CA . U Y 6 u 01 Li m 0 m +d V O N N O c C C C c _ O O_ cm 7 7 O c U N O C .0 fp i U �' A .Q O rco C w U O V N L O w O L n ® c D_ N c0 ra ULo o a� E v th rn O O ^ Q v a v u E o cn c 4l c m m e a U ° u E o o �a c7i 'j N c u- N L v ro a O > N N c L Ll O E c L S — 41 N N ul O m u vOi c V w eR tH u tnE _ E >., U c E N a c VI c O fLp N Ul O O c C C N In L C 0 i to 0) a OL 2 - In C C O Ul Ol N n O x x C X L 01 O, L 1 UI 01 �' W W d O U j,.N 16 W OU D_.^V_. W N Q d c W O C N v C) D y W -3O) c O N N O O Ln y m U o -0L � L N U N N N ++ Ul O Z C O L c L N c C L .v C t N W O O +� O Y C O U Vl N fA w �cE E u E u o u c - E fC v ' w ,- rn aNi rn aNi s 4 w � UNl W L LL L O = Ol 1L.1 O O L O N N Ln N O O N O O T W N N vi - c ni _0 d C Q r CL OO U1 O ai wr i } i^ O Q o o o s x 4-J m °n' to axi �n w E �� v v V Form 990 (2016) Page 3 Checklist of Required Schedules Yes No Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?If"Yes,"complete Yes Schedule A IV . 1 2 Is the organization requ,red to complete Schedule 8, Schedule of Contributors (see instructions)? 2 No 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates No for public office?If"Yes,"complete Schedule C, Part I . 3 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 II . 4 No 5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-197 If"Yes,"complete Schedule C, Part III . 5 No 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 I . 6 No 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 D, Part 11 . 7 No 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If"Yes,"complete Schedule D, Part III . 8 No 9 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 . 9 No 10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, 10 No permanent endowments, or quasi-endowments?If"Yes,"complete Schedule D, 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 ) . 11a Yes 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 VII . lib No c 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 167 If"Yes,"complete Schedule D, Part VIII . 11c No 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 D, Part IX IN . 11d Yes e Did the organization report an amount for other liabilities in Part X, line 257 If"Yes,"complete Schedule D, PartX tj 11e Yes f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses llf No 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 12� . 12.FYes T_ b Was the organization included in consolidated, independent audited financial statements for the tax year? 12b No 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)(11)7If"Yes,"complete Schedule E 13 No 14a Did the organization maintain an office, employees, or agents outside of the United States? 14a No 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 . 14b No 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 15 No 16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals?If"Yes,"complete Schedule F, Parts III and IV . 16 No 17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, 17 No column (A), lines 6 and Ile?If"Yes,"complete Schedule G, Part I(see instructions) f Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines is and 8a?If"Yes,"complete Schedule G, Part 11 . 18 No 19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a7 If"Yes," complete Schedule G, Part III . 19 No Form 990 (2016) Form 990 (2016) Page 4 Checklist of Required Schedules (continued) No 20a Did the organization operate one or more hospital facilities?If"Yes,"complete Schedule H . . . . 20a No If"Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return? 20b 21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic 21 No government an Part IX, column (A), line 12 If"Yes,"complete Schedule 1, Parts I and II . . . . . 22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, 22 column (A), line 2?If"Yes,"complete Schedule 1, Parts I and III . . . . . . . . No 23 Did the organization answer"Yes"to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?If"Yes," 23 No complete Schedule I . . . . . . . . . . . . . . . . . . . . . . 24a 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 . . . . . . . . . . . . . . . 24a No b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? 24b c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? . . . . . . . . . . . . 24c d Did the organization act as an "on behalf of issuer for bonds outstanding at any time during the year? 24d 25a Section 501(c)(3),501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year?If"Yes," complete Schedule L, Part I . . . . . . . . . . . . 25a No b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990- 2? 25b No If"Yes,.'complete Schedule L, Part I . . . . . . . . . . . . . . . . . . . 26 Did the organization report any amount an 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? 26 No If"Yes,"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 3511/b controlled entity or family member 27 No of 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 . . . . . . . . . . . . . . . . . . . . . . . . 28a No b A family member of a current or former officer, director, trustee, or key employee?If"Yes,"complete Schedule L, Part IV . . . . . . . . . . . . . . . . . . . . . 28b No 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 28c No 29 Did the organization receive more than $25,000 in non-cash contributions?If"Yes,"complete Schedule M 29 No 30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?If"Yes,"complete Schedule M . . . . . . . . . . . . 30 No 31 Did the organization liquidate, terminate, or dissolve and cease operations?If"Yes,"complete Schedule N. Part 1 31 No 32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If"Yes,"complete Schedule N, Part II . . . . . . . . . . . 32 No 33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and 301 7701-37 IF"Yes,"complete Schedule R, Part I . . . . . . . . 33 No 34 Was the organization related to any tax-exempt or taxable entity?If"Yes,"complete Schedule R, Part 11, 111, or IV, and Part V, line I . . . . . . . . . . . . . . . . . . . . . . . . . 34 No 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? 35a No 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, linNo 2 . . . 35b 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 . . . . . . . . . . . . . 36 Did the organization conduct more than 5%of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?If"Yes,"complete Schedule R, Part VI _37 No 38 Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines Ilb and 19? Note. All Form 990 filers are required to complete Schedule 0 . . . . . . . . . . . . 38 Yes ............ t Form 990 (2016) Form 990(2016) Page 5 Statements Regarding Other YRS Filings and Tax Compliance Check if Schedule O contains a response or note to any line in this Part V . . . . , . . . . ❑ Yes No is Enter the number reported in Box 3 of Form 1096 Enter-0-if not applicable la 0 b Enter the number of Forms W-2G included in line la Enter-0-if not applicable lb 0 c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling)winnings to prize winners? . lc Yes 2a 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 6 b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? 2b Yes Note.If the sum of lines la and 2a is greater than 250,you may be required to a-file(see instructions) 3a Did the organization have unrelated business gross income of 51,000 or more during the year? 3a No b If"Yes,"has it filed a Form 990-T for this year?If"No"to hne 3b,provide an explanation in Schedule 0 . 311P 4a 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)? . . 4a �,. NO b If"Yes,"enter the name of the foreign country 0-- See See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts(FGAR) 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? Sa No b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? 5b v No c If"Yes,"to line 5a or 5b,did the organization file Form 8886-T? . Sc ....... 6a Does the organization have annual gross receipts that are normally greater than$100,000,and did the organization 6a No 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? . 6b 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 7a No provided to the payor? . . b If"Yes," did the organization notify the donor of the value of the goods or services provided? . 7b c Did the organization sell,exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? . 7c No d If"Yes," indicate the number of Forms 8282 filed during the year . . 7d e Did the organization receive any funds,directly or indirectly,to pay premiums on a personal benefit contract? 7e No f Did the organization,during the year, pay premiums,directly or indirectly,on a personal benefit contract? 7f No g If the organization received a contribution of qualified intellectual property,did the organization file Form 8899 as required.. . 7g h If the organization received a contribution of cars, boats,airplanes,or other vehicles,did the organization file a Form 1098-C? . 71h 8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? . g N° 9a Did the sponsoring organization make any taxable distributions under section 4966? . 9a No b Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? 9b No 10 Section 501(c)(7)organizations. Enter a Initiation fees and capital contributions included on Part VIII, line 12 . 102 b Gross receipts,included on Form 990, Part VIII, line 12,for public use of club facilities 10b 11 Section 501(c)(12) organizations. Enter a Gross income from members or shareholders . lla b Gross income From other sources(Do not net amounts due or paid to other sources against amounts due or received from them ) . lib 12a Section 4947(a)(1)non-exempt charitable trusts.Is the organization filing Form 990 in lieu of Form 10417 12a b IF"Yes,"enter the amount of tax-exempt interest received or accrued during the year 12b 13 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 13a 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? 14a No b If"Yes," has it filed a Form 720 to report these payments?If"No,"provide an explanation in Schedule 0 14b Form 990(20 6) Form 990 (2016) Page 6 Governance, Management,and DisclosureFor each "Yes"response to Innes 2 through 7b below, and for a "No"response to lines 8a, 8b, or lob below, describe the circumstances, processes, or changes in Schedule O See instructions Check if Schedule 0 contains a response or note to any line in this Part VI Q Section A. Governing Bod)r and Management Yes No 'la Enter the number of voting members of the governing body at the end of the tax year la 10 If 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 O b Enter the number of voting members included in line 1a, above, who are independent lb 10 2 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? . 2 No 3 Did the organization delegate control over management duties customarily performed by or under the direct supervision 3 No 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? 4 No 5 Did the organization become aware during the year of a significant diversion of the organization's assets? 5 No 6 Did the organization have members or stockholders? . 6 m No 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? . 7a Yes b Are any governance decs€ons of the organization reserved to (or subject to approval by) members, stockholders, or 7b No 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 a The governing body? . 8a Yes b Each committee with authority to act on behalf of the governing body? . 8b Yes 9 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 O . 9 No Section B. Policies ±'This Section B requests information about policies not required by the Internal Revenue Code.) Yes No Oa Did the organization have local chapters, branches, or affiliates? . 10a No b If"Yes,"did the organizat cn 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? 10b 11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? . 11a Yes b Describe in Schedule O 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 . 12a Yes b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? . 12b Yes c Did the organization regularly and consistently monitor and enforce compliance with the policy?If"Yes,"describe in Schedule O how this was done . 12c Yes 13 Did the organization have a written whistleblower policy? . 13 No 14 Did the organization have a written document retention and destruction policy? 14 Yes 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? a The organization's CEO, Executive Director,or top management official . 15a Yes b Other officers or key employees of the organization . 15b Yes If"Yes"to line 15a or 15b,describe the process in Schedule O(see instructions) 16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? . Sha Yes b 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 exempt status with respect to such arrangements? i66 Yes Section C.Disclosure 17 List the States with which a copy of this Form 990 is required to be filed► FL 3 Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T(501(c)(3)s only) available for public inspection Indicate how you made these available Check all that apply ❑ Own website ❑ Another's website W Upon request ❑ Other(explain in Schedule O) 19 Describe in Schedule O 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, address, and telephone number of the person who possesses the organization's books and records ►TERRI MURRAY 510-24TH STREET SUITE A WEST PALM BEACH,FL 33407(561) 832-6776 Form 990 (2016) Form 990(2016) _ Page 7 Compensation of Officers, Directors,Trustees, Key Employees,Highest Compensated Employees, and Independent Contractors Check 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 reportable 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, or 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 Position (do not check more Reportable Reportable Estimated hours per than one box, unless person compensation compensation amount of other week (list is both an officer and a from the from related compensation any hours director/trustee) organization organizations from the for related - — W-2 1099- T Z" ( / (W- 2/1099- organization and organizations i E ;r 2 Z T MISC) MISC) related below dotted m v a c, organizations line) — i C. G� D 4• 'I• '7 d• T (1)JULIE HYATT 2 001 ...................................................................... VICE PRESIDENT (2)TIM COPPAGE 2 00 —" ............................................................................ ................ x 0 p 0 DIRECTOR (3)DIANE MCNEIL 2 00 ...................................................................... x o a DIRECTOR o (4)LOVE-17A HARMON ....................... ................. x 0 DIRECTOR ____ 2 00 (5)JEAN BAYOL ................ x 0, 0 0 DIRECTOR (6)CARL A FLICK 2 00 ...................................................................... PRESIDENT (7)BETTE ANNE STARKEY 2 00 .................I.................................................... x 0' SECRETARY (8)JOEY EICHNER 2 00 ...................................................................... TREASURER (9)ROMIN CURRIER 2 00 ... . .......................................................... x 0 0 0 DIRECTO.... ....R (10)TERRI MURRAY 40 00 ................. X 95,388..... 0 0 EXECUTIVE DIRECTOR (11)ANNETTE WHITEHEAD 2 00 ... .. ............... x 0 0 0 DIRECTOR ........ ......... s Form 990 (2016) Form 990 (2016) Page 8 Section A Officers, Directors,Trustees, Key Employees, and Highest Compensated Employees (continued) (A) (B) (C) (D) (E) (F) Name and Title Average Position (do not check more Reportable Reportable Estimated hours per than one box, unless person compensation compensation amount of other week (list is both an officer and a from the from related compensation any hours director/trustee) organization (W- organizations(W- from the for related m_ 2/1D99-MISC) 2/1099-MISC) organization and m organizations 1 a ?,L related below dotted `—i ` T= organizations line) TI 1c, •� ..I T T L Ib Sub-Total -. , . . ► c Total from continuation sheets to Part VII, Section A . .. ► d Total (add lines ib and ic) . ► 95,388 2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization ► _ _ ... Yes No 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 No 4 For any individual listed on line la, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,0007 If"Yes,"complete Schedule J for such individual . 4 No 5 Did any person listed on line la receive or accrue compensation from any unrelated organization or individual for services rendered to the organization?lf"Yes,"complete Schedule J for such person . 5 No 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 I .Ital number of independent contractors (including but not limited to those listed above) who received more than $100,000 of .,mpensation from the organization ► Form 990 (2016) Form 990(2016) .,._.-..-..i .......e. .� Page 9 "� Statement of Revenue Check if Schedule O contains a response or note to any line In this Part VIII ❑ ..e.. („...... (A) (D) � Total revenue Related or Unrelated Revenue exempt business excluded from function revenue tax under sections revenue 512-514 is Federated campaigns la b Membership dues lb v o - t7 E c Fundraising events 1c I d Related organizations Id Government grants(contributions) a ie f All other contributions,gifts,grants, O and similar amounts not included if 554,965 r above ._.................._.... g Noncash contributions Included in lines la-if$ o = U to h Total.Add lines la-if ► 554,965 a Business Code I .y 2a PROGRAM SERVICE FEES 531390 184,4,75 u.. b DEVELOPER FEE INCOME _ 5313901 176,684 M._._...... ._......-.. _.— .> c y e f All other program service revenue 116,330 ..._.� O 477,489 - 9Total.Add lines 2a-2f . ► 3 Investment Income(including dividends,irterest,and other similar amounts) . ► 4.416 4 Income from Investment of tax-exempt bond proceeds ► 5 Royalties . ► (Q Real I (IQ Personal 6a Gross rents 790,381 _.. b Less rental expenses 622,563 C Rental income orL _' 167,818 (loss) d Net rental Income or(loss) . ► 167,818 167,818 d (Q Securities (u)Other 17a Gross amount ” from sales of 610 051 assets other E than inventory b Less cost or other basis and 268,574 sales expenses _-- C Gain or(loss) i 341,477 d Net gain or(loss) M. ► 341,4771 341,477 8a Gross income from fundraising events y (not including$ of 3 contributions reported on Ilne ic) See Part IV,line 18 a cc b Less direct expenses . b c Net Income or(loss)from fundraising events ► « 9a Gross income from gaming activities O See Part IV,line 19 a b Less direct expenses . b c Net Income or(loss)from gaming activities ► 10aGross sales al Inventory,less F returns and allowances . al b Less cost of goods sold b( C Net income or(loss)from sales of Inventory ► Miscellaneous Revenue Business Code - F I b...� , d All other reven'u— eTotal.Add lines 11a-11d ► 12 Total revenue.See Instructions 1,546,165 991,20a Form 990(2016) Form 990(2016) Page 10 __ .........�...... _ ... -.._....... a __. Statement of Functional Expenses Section 501(c)(3) and 501(c)(4)organizations must complete all columns All other organizations must complete column (A) Check if Schedule O contains a response or note to any line in this Part IX ❑ Do not include amounts reported on lines 6b, (A) (e) (C) (�) Program service Management and 7b,8b,9b,and 10b of Part VIII. Total expenses Fundraisinex enses expenses general expenses 9 p 1 Grants and other assistance to domestic organizations and domestic governments See Part IV, line 21 2 Grants and other assistance to domestic individuals See Part'. IV, line 22 3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals See Part IV, line 15 and 16 4 Benefits paid to or for members 5 Compensation of current officers, directors,trustees, and 95,388 85,850 9,538 0 key employees . . 6 Compensation not included above,to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) 7 Other salaries and wages 262,398 236,158 26,240 0 8 Pension plan accruals and contributions(include section 401 (k)and 403(b) employer contributions) ------- 9 Other employee benefits 23,842 21,456 2,384 0 10 Payroll taxes . 25,446 22,901 2,545 0 11 Fees for services(non-employees) M a Management b Legal . c Accounting . d Lobbying . . e Professional fundraising services See Part IV, line 17 f Investment management fees . . g Other(If line 11g amount exceeds 10%of line 25, column (A) amount, list line 11g expenses on Schedule O) 12 Advertising and promotion . 13 Office expenses . 14 Information technology . _....- 15 Royalties 16 Occupancy . 37,430 33,748 3,682 0 17 Travel . 5,302 4,772 5301 0 18 Payments of travel or entertainment expenses for any federal, state, or local public officials 19 Conferences, conventions, and meetings 20 Interest 7,639 6,875 764 0 21 Payments to affiliates . I 22 Depreciation, depletion,and amortization 461,482 415,334 46,148 0 23 Insurance . 8,057 7,252 805 0 24 Other expenses Itemize expenses not covered above(List miscellaneous expenses in line 24e If line 24e amount exceeds 10%of line 25, column (A) amount, list line 24e expenses on Schedule O) a ADVERTISING&MARKETING 3,212 2,891 321 0 b FEES 3,293 2,964 329 0 c EQUIPMENT RENTAL 801 721 80 0 ._.. .. _a d OFFICE EXPENSES 12,796 11,517 1,279 0 ................ e All other expenses 27,655 24,890 2,765 0 25 Total functional expenses.Add lines 1 through 24e 974,7411 877,331 97,410 0 26 Joint costs.Complete this line only if the organization reported n column (B)joint costs from a combined educational campaign and fundraising solicitation Check here Is ❑ if following SOP 98-2 (ASC 958-720) Form 990 (2016) Form 990 (2016) Page 11 Balance Sheet Check if Schedule 0 contains a response or note to any line in this Part IX ❑ (A) (B) Beginning of year End of year 1 Cash-non-interest-bearing . 1,208,756 1 1,638,699 2 Savings and temporary cash investments . 2 3 Pledges and grants receivable, net . 3 4 Accounts receivable, net . 5,844 4 153,118 5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees Complete Part 5 II of Schedule L 6 Loans and other receivables from other disqualified persons(as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) 6 voluntary employees' beneficiary organizations (see instructions)Complete v Part II of Schedule L 7 Notes and loans receivable, net . 7 8 Inventories for sale or use . g 9 Prepaid expenses and deferred charges 130,399 9 130,897 10a Land, buildings, and equipment cost or other basis Complete Part VI of Schedule D 10a 12,599,918 b Less accumulated depreciation 10b ' 1,948,721 12,333,704 10c 10,651,197 it Investments—publicly traded securities . 11 12 Investments—other securities See Part IV, line it 12 _ 13 Investments—program-related See Part IV, line 11 13 14 Intangible assets . 14 15 Other assets See Part IV, line 11 . 2,340,685 15 4,601,349 ! j_6 Total assets.Add lines 1 through 15 (must equal line 34) . 16,019,388 16 17,175,260 17 Accounts payable and accrued expenses 84,150 17 365,492 18 Grants payable . 18 19 Deferred revenue . 19 20 Tax-exempt bond liabilities 20 21 Escrow or custodial account liability Complete Part IV of Schedule D 21 22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified M M persons Complete Part II of Schedule L 22 23 Secured mortgages and notes payable to unrelated third parties 23 24 Unsecured notes and loans payable to unrelated third parties 2,841,666 r2_5 3,133,731 25 Other liabilities(including federal income tax, payables to related third parties, 81,966 — 60,418 and other liabilities not included on lines 17-24) Complete Part X of Schedule D 26 Total Iiabilities.Add lines 17 through 25 3,007,782 26 3,559,641 f Organizations that follow SFAS 117 (ASC 958), check here ► 0 and _ - Ucomplete lines 27 through 29, and lines 33 and 34. 27 Unrestricted net assets 13,011,606 27 13,615,619 C0 28 Temporarily restricted net assets 28 �. 29 Permanently restricted net assets 29 Organizations that do not follow SFAS 117 (ASC 958), a O check here h 1:1and complete lines 30 through 34. J 30 Capital stock or trust principal, or current funds . 30 �._ ..........ro. ^� 31 Paid-in or capital surplus, or land, building or equipment fund 31 12 Retained earnings, endowment, accumulated income, or other funds 32 33 Total net assets or fund balances 13,011,606, 33 13,615,619 Z _ 34 Total liabilities and net assets/fund balances16,019,388 34 17,175,260 ...�. .� .-...� ...-. w �m.u. - � _-. - Form 990 (2016) I ❑ t,p � N O co ON 3 I� d tD N lD ❑ O -4 Oi tO ,-I ,--I fy Lrj Z Z O Q% 07 a) y } ?a) E E.O LL • N � _ U � � ru C p -0 p1 41 L In � m In a) N CQ- = ++ C 41 a O v N Q1 C C C i in- rp C L (U L r6 t O _ v rn M 41 - N O N p U a a) Q7 fu V �+ ' M O C — N v O fU i a C N C La)C i i C a) to 0fu LA 41-p = 41 t - n O W 7 ru +' a >, ru :3 U V N fu x N a V a) R (1) Q ' t" ❑ 441 Ma) (A a) raf) C Q41 0 a) a D � O C a O C fu a-O 44-1 ocN U) C Z O fu C: ru 0 ru T a� V al 41 N i i V Q >- a) C a VI fu i - _ � L rU u a) ai al �'' O a �-+ ca ate. 3 fu C M f''I - tin d V 'f7 ate-+ OU 1 -0 E O � cn M 7 (n Q U C L - V L - O C N C O U) a ❑ L O O MO O N O a fD 41 L M to fcCCaU • - XfU tO Ol C- ❑ L J ❑ C + c LA eU +p� O ' O p fu acn N a9 -0 C V -(DQ N .yLfu aaCau � 4, N c _0 � J a Eoa E v -o o w mtn p ai o mfu o M U +� a) m v � ru +, u ten. 4 a-+ N N CU1 �7 O a) N a ) > 0 'n 41 L f0 C iu a L L = a f V L a c w o o ru o f p 1 Mp wQZa�.fll ryCCLU aQ HQN6 —'aac� jL p v C a -`0u al ++ Offu t 4Cr LNa NfLOQ A 41 41 _0acpL t-0a al rU0 U>fCNO d O u R a L- x a M C E Ln o ,,a m CTI Z) p -0 a O O m O O U cc ULn 4- Q 41 41N tn (UQ 6 41 v s m ) a O o o -6N E a 4-1 u p N m to 41 to i O � O U � 0N �> aO 41 41 M O41 OV) c -0 (n ) U cN o 1 u E � �LU - aC o Z3 c:❑ M � U U ' O C O aOd rov ru Q 0 ' � p CA ° p ru L o C Dv c ru 0 N Oo Ccu vi NO aau � a Ls6 id _0 a) y, N — C _ru — � � to fD C � — C � L N O fU L C C M a ++ W N aNj a ju Ena) .� ',..._N t 7 U O N U) O O N L L U ru fu V 7 E a C C n C F (n O C R O O f0 W O to fu O U m x ,U E .... 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W � ° LL o U efile GRAPHIC rint - DO NOT PROCESS I As Filed Data - DLN: 93493094002148 SCHEDULE AOMB No 1545-0047 Public Charity Status and Public Support �- 0 :n 990 or Complete if the organization is a section 501(c)(3)organization or a section 99VEZ) 4947(a)(1) nonexempt charitable trust. 201-6 0, Attach to Form 990 or Form 990-EZ. Information about Schedule A (Form 990 or 990-EZ) and its instructions is at • ° ' ° Deparhneut of the Trea�un _,. www.irs.govi form99o. Name of the organization Employer identification number NEIGHBORHOOD RENAISSANCE INC ...._._ .�,.._mm_-_ n ............... 65-0352279 Reason for Public CharityStatus All orlianizatios must complete this art.) See instructions. The organization is not a private foundation because it is (For lines 1 through 12, check only one box ) 1 ❑ A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i). 2 A school described in section 170(b)(1)(A)(ii). (Attach Schedule E(Form 990 or 990-EZ)) 3 A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii). 4 F] 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 ❑ A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v). 7 © An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II ) 8 ❑ A community trust described in section 170(b)(1)(A)(vi) (Complete Part II } 9 ❑ An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture See instructions Enter the name, city, and state of the college or university 10 F� An organization that normally receives (1) more than 331/3% 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 331/30/0 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 III ) 1� ❑ An organization organized and operated exclusively to test for public safety See section 509(a)(4). 12 ❑ 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 in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g a ❑ Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization You must complete Part IV,Sections A and B. b ❑ Type II.A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s) You must complete Part IV,Sections A and C. c ❑ Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions) You must complete Part IV,Sections A, D, and E. d ❑ Type III non-functionally integrated.A supporting organization operated in connection with its supported organization(s) that is not functionally integrated The organization generally must satisfy a distribution requirement and an attentiveness requirement(see instructions) You must complete Part IV, Sections A and D, and Part V. e Check this box if the organization received a written determination from the IRS that it is a Type I, Type II,Type III functionally integrated, or Type III non-functionally integrated supporting organization f Enter the number of supported organizations 9 Provide the followrn^ information about the supported organizations) (i)Name of supported organization (ii)EIN (iii)Type of (iv) (v) (Vi) organization Is the organization listed in Amount of Amount of other (described on lines your governing document7 monetary support support (see 1- 10 above (see (see instructions) instructions) instructions)) Yes No . .�, Tota l For Paperwork Reduction Act Notice, see the Instructions for Cat No 11285F Schedule A (Form 990 or 990-EZ) 2016 Form 990 or 990-EZ. Tule A (Form 990 or 990-EZ) 2016 Page 2 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, 8, or 9 of Part I or if the organization failed to qualify under Part III. If the organization fails to tlualify under the tests listed below, g lease complete Part II_I.) Section A. Public Support Calendar year (a)2012 (b)2013 (c)2014 (d)2015 a 2016 f Tc (or fiscal year beginning in)► ( ) O tal 1 Gifts, grants, contributions, and — �� """ ._ membership fees received (Do not 5,266,896 689,691 460,659 296,085 550,193 7,263,524 include any "unusual grant") 2 Tax revenues levied for the — organization's benefit and either paid to or 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 1 through 3 5,266,896 689,691 460,659 296,085 550,193 7,263,524 5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) 6 Public support. Subtract line 5 from — line 4 7,263,524 Section B. Total Support Calendar year (a)2012 (b)2013 (c)2014 (d)20152016 a (f )Total fiscal year beginning in)110 ( ) ( )Total v� -U 7 Amounts from line 4 5,266,896' 689,691 460,659 296,085 550,193 7,263,524 8 Gross income from interest, dividends, payments received on 1,635,230 905,011 945,258 977,919 794,797' 5,258,215 securities loans, rents, royalties and ,ncome from similar sources 9 Net income from unrelated business activities, whether or not the business is regularly carried on 10 Other income Do not include gain or loss from the sale of capital assets(Explain in Part VI ) 11 Total support. Add lines 7 through 12,521,739 10 12 Gross receipts from related activities, etc (see instructions) E12 f 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 ❑ Section C. Computation of Public Support Percentage 14 Public support percentage for 2016 (line 6, column (f)divided by line 11, column (f)) 14 58 010/0 15 Public support percentage for 2015 Schedule A, Part II, line 14 15 76 160 16a 33 1/3%support test-2016. 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 P. ❑J h 33 1/3%support test-2015. 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 organization P,. ❑ 17a 100/o-facts-and-circumstances test-2016. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 101/o or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test The organization qualifies as a publicly supported organization ❑ b 10%-facts-and-circumstances test-2015. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization 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 on line 13, 16a, 16b, 17a, or 17b, check this box and see ®( istructians ❑ Schedule A (Form 990 or 990-EZ) 2016 Schedule A (Form 990 or 990-EZ) 2016 Page 3 • • Support Schedule for Organizations Described in Section 509(a)(2) (Complete only if you checked the box on line 10 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.) -11�miction A. Public Support Calenlyear beginning (a)2012 (b)2013 (c)2014 (d)2015 a 2016 r year (or fiscal year beginning in)► ( ) (f)Total 1 Gifts, grants, contributions, and membership fees received (Do not include any "unusual grants ") 7� 2 Gross receipts from admissions, merchandise sold or services performed,or facilities furnished in any activity that is related to the organization's tax-exempt purpose 3 Gross receipts from activities that are not an unrelated trade or business under section 513 _ 4 Tax revenues levied for the organization's benefit and either paid to or 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 persons b Amounts included on lines 2 and 3 l received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year c Add lines 7a and 7b 8 Public support. (Subtract line 7c from line 6 ) o 'tion B. Total Support Calendar year (a)2012 (b)2013 (c)2014 (d)2015 (e)2016 (fTotal (or fiscal year beginning in)01 ( ) 9 Amounts from line 6 10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources b Unrelated business taxable income (less section 511 taxes)from businesses acquired after June 30, 1975 c Add lines 10a and 10b 11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on 12 Other income Do not include gain or loss from the sale of capital assets (Explain in Part VI ) 13 Total support. (Add lines 9, 10c, 11, and 12 ) 1 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, check this box and stop here ❑ Section C. Computation of Public Support Percentage 15 Public support percentage for 2016 (line 8, column (f) divided by line 13, column (f)) 15 0 0/0 16 Public support percentage from 2015 Schedule A, Part III, line 15 16 Section D. Computation of Investment Income Percentage 17 Investment income percentage for 2016 (line 10c, column (f) divided by line 13, column (f)) 17 0 0/0 18 Investment income percentage from 2015 Schedule A, Part III, line 17 18 1 '131/3%support tests-2016. 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 .nore than 33 1/3%, check this box and stop here.The organization qualifies as a publicly supported organization ll► ❑ b 33 1/3%support tests-2015.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 on line 14, 19a, or 19b, check this box and see instructions ► ❑ _ _— .� �. ..a.a. Schedule A (Form 990 or 990-EZ) 2016 Schedule A (Form 990 or 990-EZ) 2016 Page 4 ff�Vsupporting Organizations (Complete only if you checked a box on line 12 of Part I If you checked 12a of Part I, complete Sections A and B If you checked 12b of Part I, complete Sections A and C If you checked 12c of Part I, complete Sections A, D, and E If you checked 12d of Part I, complete Sections A and D, and com fete Part V } Section A. All Supporting Organizations Yes No 1 Are all of the organization's supported organizations listed by name in the organization's governing documents? If"No,"describe in Part VI how the supported organizations are designated If designated by class or purpose, describe the designation If historic and continuing relationship, explain 1 2 Did the organization have any supported organization that does not have an IRS determination of status under section 509 (a)(1) or (2)?If"Yes,"explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1)or(2) - 2 3a Did the organization have a supported organization described in section 501(c)(4), (5), or(6)?If"Yes,"answer(b) and(c) below - 3a b Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or(6) and satisfied the public support tests under section 509(a)(2)?If"Yes,"describe in Part VI when and how the organization made the determination - C Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? 3b If"Yes,"explain in Part VI what controls the organization put to place to ensure such use 3c 4a Was any supported organization not organized in the United States ("foreign supported organization")?If"Yes"and if you checked 12a or 12b in Part I, answer(b)and(c)below 4a b Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization?If"Yes,"describe in Part VI how the organization had such control and discretion despite being controlled or " supervised by or in connection with its supported organizations 4b c Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3)and 509(a)(1) or(2)?If"Yes,"explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B)purposes 4c Did the organization add, substitute, or remove any supported organizations during the tax year?If"Yes,"answer(b)and c (c)below(if applicable) Also,provide detail in Part VI, including(r) the names and EIN numbers of the supported organizations added, substituted, or removed, (n)the reasons for each such action, (III) the authority under the organization's organizing document authorizing such action, and(iv)how the action was accomplished(such as by 5a amendment to the organizing document) b Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document? 5b c Substitutions only. Was the substitution the result of an event beyond the organization's control? 5c 6 Did the organization provide support (whether in the form of grants or the provision of services or facilities)to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or(iii) other supporting organizations that also support or benefit one or more of the filing organization's supported organizations?If"Yes,"provide detail in Part V1. 6 7 Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor(defined in section 4958(c)(3)(C)), a family member of a substantia! contributor, or a 35% controlled entity with regard to a substantial contributor?If"Yes,"complete Part I of Schedule L(Form 990 or 990-EZ) 7 8 Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 77 If"Yes," complete Part I of Schedule L (Form 990 or 990-EZ) —- — 8 9a Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or(2))?If"Yes," provide detail in Part VI. 9a b Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest?If"Yes,"provide detail In Part VI. 9b C Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest?If"Yes,"provide detail in Part VL 9c 10a Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)?If"Yes," answer line 10b below - 10a 9 Y 9 Y Did the organization have an excess business holdings the tax ear? Use Schedule C, Form 4720, to determine whether' the organization had excess business holdings) 10b Schedule A(Form 990 or 990-EZI 2016 Schedule A(Form 990 or 990-EZ) 2016 Page 5 !' Supporting Organizations (continued) Yes No 11 Has the organization accepted a gift or contribution from any of the following persons? a A person who directly or indirectly controls,either alone or together with persons described in (b) and (c) below,the governing body of a supported organization? o A family member of a person described in (a) above? lib ....n. c A 35% controlled entity of a person described in(a)or(b)above?If"Yes"to a, b, or c, provide detail in Part VI 11c Section B. Type I Supporting Organizations Yes No 1 Did the directors,trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization's directors or trustees at all times during the tax year?If"No,"describe in Part VI how the supported organization(s)effectively operated,supervised, or controlled the organization's activities If the organization had more than one supported organization,describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year 1 2 Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization?If"Yes,"explain in Part VI how providing such benefit carried out the purposes of the supported organization(s)that operated, supervised or controlled the supporting organization --- -_2 2 Section C.Type IISugj)�orting Organizations w ...�w....... _ . Yes No each of the organization's supported organization(s)?If"No,"describe in Part VI how control or management of the _.... 1 Were a majority of the organization's directors or trustees duringthe tax year also a majority of the directors or trustees of supporting organization was vested in the same persons that controlled or managed the supported organfzatron(s) 1 ..... Section D.All Type III Supporting Organizations Yes No Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization's tax year, (i)a written notice describing the type and amount of support provided during the prior tax year, (u) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization's governing documents in effect on the date of notification,to the extent not previously provided? 1 2 Were any of the organization's officers, directors, or trustees either(i) appointed or elected by the supported organization (s) or(ii) serving on the governing body of a supported organization?If"No,"explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s) 2 3 By reason of the relationship described in (2), did the organization's supported organizations have a significant voice in the organization's investment policies and in directing the use of the organization's income or assets at all times during the tax year?If"Yes,"describe in Part VI the role the organization's supported organizations played in this regard -- -3 �............ _...v..��..._. Section E. Type III Functionally-Integrated Supporting Organizations 1 Check the box next to the method that the organization used to satisfy the Integral Part Test during the year(see instructions) a The organization satisfied the Activities Test Complete line 2 below b The organization is the parent of each of its supported organizations Complete line 3 below c F-1 The organization supported a governmental entity Describe in Part VI how you supported a government entity (see instructions) 2 Activities Test Answer(a) and (b) below. I Yes No a Did substantially all of the organization's activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive?If"Yes,"then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities 2a b Did the activities described in (a) constitute activities that, but for the organization's involvement, one or more of the organization's supported organization(s) would have been engaged in?If"Yes,"explain in Part VI the reasons for the organization's positron that its supported organization(s) would have engaged in these activities but for the organization's involvement 2b - 3 Parent of Supported Organizations Answer (a)and (b) below. a Did the organization have the power to regularly appoint or elect a majority of the officers,directors, or trustees of each of 3a the supported organizations?Provide details in Part VI. b Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations?If"Yes,"describe in Part VI. the role played by the organization in this regard 3b Schedule A(Form 990 or 990-EZ) 2016 i Jule A (Form 990 or 990-EZ) 2016 Page 6 Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations 1 Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov 20, 1970 See instructions.All other Type III non-functionally integrated sur� organizations must complete Sections A through E r.. Section A - Adjusted Net Income (A)Prior Year (B)Current Year (optional) 1 Net short-term capital gain l 2 Recoveries of prior-year distributions 2 3 Other gross income (see instructions) 3 4 Add lines 1 through 3 4 5 Depreciation and depletion 5 6 Portion of operating expenses paid or incurred for production or collection of gross 6 income or for management, conservation, or maintenance of property held for production of income (see instructions) 7 Other expenses (see instructions) I 7 8 Adjusted Net Income(subtract lines 5, 6 and 7 from line 4) 8 Section B - Minimum Asset Amount (A)Prior Year (B)Current Year (optional) 1 Aggregate fair market value of all non-exempt-use assets(see instructions for short tax year or assets held for part of year) 1 a Average monthly value of securities la Average monthly cash balances 1b Fair market value of other non-exempt-use assets is d Total (add lines la, lb, and lc) Id e Discount claimed for blockage or other factors (explain in detail in Part VI) 2 Acquisition indebtedness applicable to non-exempt use assets 2 3 Subtract line 2 from line ld 3 4 Cash deemed held for exempt use Enter 1-1/21/o of line 3 (for greater amount, see instructions) 4 5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5 - rm 6 Multiply line 5 by 035 6 7 Recoveries of prior-year distributions 7 8 Minimum Asset Amount(add line 7 to line 6) 8 Section C - Distributable Amount Current Year 1 Adjusted net income for prior year(from Section A, line 8, Column A) 1 2 Enter 85% of line 1 2 3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3 4 Enter greater of line 2 or line 3 4 _ 5 Income tax imposed in prior year 5� 6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency 6 temporary reduction (see instructions) 7 M Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions) I Schedule A !Form 990 or 990-E7] 2016 Schedule A (Form 990 or 990-EZ) 2016 Page 7 Type 111 Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued) Section D - Distributions Current Year imounts paid to supported organizations to accomplish exempt purposes 2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity 3 Administrative expenses paid to accomplish exempt purposes of supported organizations 4 Amounts paid to acquire exempt-use assets 5 Qualified set-aside amounts (prior IRS approval required) 6 Other distributions (describe in Part VI) See instructions 7 Total annual distributions.Add lines 1 through 6 8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI) See instructions 9 Distributable amount for 2016 from Section C, line 6 10 Line 8 amount divided by Line 9 amount Section E - Distribution Allocations (see (;) (") Underdistributions Distributable instructions) Excess Distributions pre-2016 Amount for 2016 1 Distributable amount for 2016 from Section C, line 6 2 Underdistributions, if any, for years prior to 2016 (reasonable cause required--see instructions) 3 Excess distributions carryover, if any, to 2016 a — _b .rom 2013. . . . From 2014. . . .. e From 2015. . f Total of lines 3a through a � g Applied to underdistributions o`prior years i h Applied to 2016 distributable amount i Carryover from 2011 not applied (see instructions) j Remainder Subtract lines 3g, 3h, and I from 3f 4 Distributions for 2016 from Section D, line 7 - a Applied to underdistributions of prior years b Applied to 2016 distributable amount c Remainder Subtract lines 4a and 4b from 4 5 Remaining underdistributions for years prior to 2016, if any Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions) 6 Remaining underdistnbutions for 2016 Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions) 7 Excess distributions carryover to 2017. Add lines 3j and 4c 8 Breakdown of line 7 b Excess from 2013. . . . . . . r Excess from 2014 . .... ..__. . ..... .�,e.. . ..... _.,,, _xcess from 2015 . . . . . . e Excess from 2016. . . . . . . Schedule A (Form 990 or 990-EZ) (2016) C co � U r a SL) Q O -C C: +, .,_, u O U > ' Z, a) � d U U) 4-J G il) � u0- s E i i oU D i s 0 0 G Q i N 70 > lfl u O %.m L- ru ru fu u acral O M — r, V -C� LLJ + � lnN C: L O C) �� N ,� N V) 0N > H C a-J -0 LU L-- C c Ofu m t�/1 tL O E Ln as h Ln u M 0 U c ro> U ~ tea`. a M Ln N N i Cl) V) , a) a ri c a) LL rn7 = Ln r c _0 m N O O aJ 0 Z kD En(c]) u m � rn � mE 'rio a, � — tn o ra cn vL E > C: -I- c - - 0 ' 20 c 4-1 N C C V _ O ,-� ra 4j A Q- fY1 LL j QJ70 Q1 C a3 H O_ o E 4, a co m0 0 wc L- W dJ U i O C ra O LL Q N D N U U'1 efile GRAPHIC rint- DO NOT PROCESS As Filed Data - DLN: 93493094002148 _......... SCHEDULED OMB No 1545-0047 (Form 990) Supplemental Financial Statements ►Complete if the organization answered "Yes,"on Form 990, 20 -4116 Part IV, line 6, 7, 8,9, 10, Ila, Slb, llc, lld, lie, ilf, 12a,or 12b. Department of the Trea,un ON-Attach to Form 990. ® ® sternal Revenue 5erntce Information about Schedule D (Form 990) and its instructions is at wwwJrs.gov1tbrm990. ® - Name of the organization E 11 mployer identification number NEIGHBORHOOD RENAISSANCE INC 65-0352279 Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6. (a) Donor advised funds (b)Funds and other accounts 1 Total number at end of year 2 Aggregate value of contributions to (during year) 3 Aggregate value of grants from (during year) 4 Aggregate value at end of year 5 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? ❑ ❑ No Yes 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 impermissible private benefit? ❑ Yes ❑ No Conservation Easements Complete if the organization answered "Yes" on Form 990, Part IV, line 7. 1 Purpose(s)of conservation easements held by the organization (check all that apply) ❑ Preservation of land for public use(e g , recreation or education) ❑ Preservation of an historically important land area ❑ Protection of natural habitat ❑ Preservation of a certified historic structure ❑ Preservation of open space 2 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 Year a Total number of conservation easements 2a b Total acreage restricted by conservation easements 2b c Number of conservation easements on a certified historic structure included in (a) 2c — d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic 2d structure listed in the National Register - - —•- 3 Number of conservation easements modified,transferred, released, extinguished, or terminated by the organization during the tax year 0- 4 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 of violations, and enforcement of the conservation easements it holds? ❑ Yes ❑ No 6 Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year 7 Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year 8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)7 ❑ Yes ❑ 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 Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete if the orcanlzatlon answered "Yes" on Form 990, Part IV, line 8. la 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)Revenue included on Form 990, Part VIII, line 1 IN. $ (ii)Assets included in Form 990, Part X ► $ 2 If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the following amounts required to be reported under SFAS 116 (ASC 958) relating to these items a Revenue included on Form 990, Part VIII, line 1 I. $ b Assets included in Form 990, Part X ► $ For Paperwork Reduction Act Notice,see the Instructions for Form 990. Cat No 5228' Schedule D(Form 990) 2016 Schedule D (Form 990) 2016 Page 2 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) ❑ Public exhibition d ❑ Loan or exchange programs ❑ Scholarly research e ❑ Other C ❑ Preservation for future generations 4 Provide a description of the organization's collections and explain how they further the organization's 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? El Yes ❑ No ®..._ _ ...... ... .www Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported 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 X7 ❑ Yes ❑ No b If"Yes," explain the arrangement in Part XIII and complete the following table Amount c Beginning balance lc d Additions during the year Id e Distributions during the year 1e f Ending balance 1f 2a Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ❑ Yes ❑ No b If"Yes," explain the arrangement in Part XIII Check here if the explanation has been provided in Part XIII . . . . . . . ❑ IMUEEndowment Funds. Complete If the organization answered "Yes" on Form 990, Part IV, line 10. (a)Current year (b)Prior year (c)Two years back (d)Three years back (e)Four years back 1- Beginning of year balance . . =ontnbutions mm c Net investment earnings, gains, and losses d 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 lg, column (a)) held as a Board designated or quasi-endowment lo- b b Permanent endowment► c Temporarily restricted endowment► The percentages on lines 2a, 2b, and 2c should equal 1009/o 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 . {i)(ii) related organizations . 3a(H)[3a If"Yes" on 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 EMEff Land, Buildings, and Equipment. Complete if the or-anlzation answered 'Yes' on Form 990, Part IV, line 11a. See Form 990, Part X, line 10. Description of property (a) Cost or other basis (b)Cost or other basis(other) (c)Accumulated depreciation (d)Book value (investment) is Land - 720,000 720,000 uildings 11,827,235 1,897,799 9,929,436 c Leasehold improvements d Equipment 43,931F42,580 1,351 e Other 8,752 8,342 410 Total Add lines la through le(Column (d)must equal Form 990, Part X, column (B), line 10(c)) ► 10,651,197 _._.u.M. _...... _. .. Schedule D (Form 990) 2016 Schedule D(Form 990)2016 Page 3 Investments—Other Securities.Complete rf the organization answered'Yes'on Form 990, Part IV,line lib. See Form 990,Part X, line 12. (a)Description of security or category (b)Book (c)Method of valuation (including name of security) value Cost or end-of year market value (I)Financial derivatives ., (2)Closely-held equity interests (3)Other (A) ,---..__ ---- _- (E) (F) .._._ .., .. �.,.. .___ ...�.._,�.,. ... ' Total.(Column(b)must equal Form 990,Part X,col(B)lme 12) Investments—Program Related.Complete if the organization answered'Yes'on Form 990,Part IV,line 11c. Se,�F�l..m 990 Part a.Ilne 1 �.._ .... _ ... ______.� .......... ........ -_------ (a)Description of investment (b)Book value (c)Method of valuation Cost or end-of-year market value ...,... ., _. -------_I_ �.. _ (6) ._ _._..... .....,_. �. m „� e_.................._..�... _�..,„....._..,......... �. ..,,.,,.. .. �.... ,.._,.�.. ..�..w..,..—,,. (9) .. �„ ....,...._..� a �..,.._. Total.(Column(b)must equal Form 990 Part X,col(B)line 13) Other Assets Comp tete if the or_anizat;on answered'Yes'on Form 990,Part IV,line 11d See Form 990_,Part X,line 15 (a)Description _ (b)Book value (1)PROPERTY UNDER DEVELOPMENT (2)DEPOSITS __.�, _..._..... G.,m...., ..,.2,839,286.. 4,611 (3)REIMBURSEMENTS RECEIVABLE , 1,757,452 (3) W (4) .._._......,- a .� .. ...- (6) �_ _... .... _. ................. _ ..._.. ..._.... _ tea — _ -_ _ .................. 'total.(Column(fa)must equal Form 990,Part X,co,f(B)hne 15}_ , F 4,601,349 Other Liabilities.Complete;f the organization answered'Yes'on Form 990, Part IV,line 11e or 11f. See Form 990, Part X,line 25. (a)Oestri ................. tion of liability ... e Description y (b)Book valee (1)Federal income taxes SECURITY DEPOSITS 60,418 (2) (3) (4) (6) (7) M.M.M... ..... .�. u. —' — T.W.(Co!(b)mus[e l=a!R.—990,Pan X,cot(8)1—25)..- 60,4 18 2.liability for uncertain tax positions In Part XIII,provide the text ofthe footnote to the organization's financial statements that reports the organizations liability for uncertain tax positions under FIN 48(ASC 740) Check here if the text of the footnote has been provided;n Part XIII ❑ _ .,.. �„ _ ........ .,_..�.�_._.._... ............. _.,, .�. ,�• Schedule D(Form 990)2016 Ln � G o o N r6 u .. O E cl Oti o _ E 3 3 rp O a•+ i� C U. CL M N —::: >. 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W L Ch W O O 4J F m C U) C U X C W cti c 4- c M a U_ O Q O L yr O O •1•+ U m EC L O 0 U W � C H N f4 � U C p a � E � a � CL � o m O � a a� V 4 i J O O > O a_ ON m - c O c� a a� x W o 0 L U = O O m a L O c rn 7 R � � N C � � N r CL ro CL N 3 ^Ll W O ^' O W 3 � Ch 01 c 0 m c m a x Lu 0 rn N iD N C CO 0 co (Y) (N E o) 0 (D � N ~ W �p W �+ LL c ,j a) a Ez a, O fl. U) CL U) w LL O O [If 3 W m � v c dJ i c O J O0 M0 G1 LL 0- N C O iv c co Q x LU c 0 C) E cD L m 0 r w co c N r C c� co E w 4� Z fl. O CL z a LU J Q LU 3 V N � V C Q7 i C Q J U a+ � � y X d- Ch LL d N efile GRAPHIC rint- DO NOT PROCESS As Filed Data - DLN:93493076002097 FormQV V O Q Return of Organization Exempt From Income Tax OMB -11545-0047 11545-0047 w Under section 501(c),527,or 4947(a)(1)of the Internal Revenue Code(except private foundations) 2015 ►Do not enter social security numbers on this form as it may he made public - - Department of the Y Y P ®®„--- Treasury ►Information about Form 990 and Its Instructions Is at www IRS�aov:form990 Internal Revenue Service A Fort he 2015 calendar year,or tax ear be innin 10-01-2015 and endin 09-30-2016 B Check if applicable C Name of organization D Employer identification number NEIGHBORHOOD RENAISSANCE INC Address change 65-0352279 Name change ---� u -- -- Doing business as r Initial return Final ----- --...,.,....._.,,..... .._. _ Room/..._..,....._. -... E Teiephone number return/terminated Number and street(or P 0 box if mail is not delivered to street address]Room/suite rAmended return 510-24 STREET (561)832-6776 F-Application Pending I City or town,state or province country,and ZIP or foreign postal code WEST PALM BEACH,FL 33407 G Gross receipts$1,898,726 F Name and address of principal officer H(a) Is this a group return for CARL A FLICK 221 34TH STREET subordinates? F Yes F4 WEST PALM BEACH.FL 33466 No - •._. H b Are all subordinates I Tax-exempt status ? Yes F_No Fs/501(c)(3} � 501(c)( ) ®(insert no) �4947(a)(1)or �527 Included __ - 111- .... ”' "'" ""' """"'"""`"`""'"" If"No,"attach a list (see instructions) 3 Website ► N/A H c Grouf exemption number► K Form of organization CF-Trust 1 Association r Other► L Year of formation 1992 M State of legal domicile FL ion Ivorporabon Summary — . ...... .... _ ... - 1 Briefly describe the organization's mission or most significant activities COMMUNITY DEVELOPMENT .,,..� _ ..._,,,..,..... V ._s.... . .. - ..w.w..-------..,...._`— -------- _..-,. Check this box►r-if the or anization discontinued Its o erations or dis osed of more than 25/ of rt W.w... > 2 g p p °° s netassets e :7 ,d 3 Number of voting members of the governing body(Part VI,line 1a) . . . . . 3 9 a, 4 Number of Independent voting members of the governing body(Part VI,line 1b) . 4 9 5 Total number of Individuals employed In calendar year 2015(Part V,line 2a) 5 6 Q6 Total number ofvolun.teers(estimate If necessary) . � 6 7 7a Total ur ated business revenue from Part VIII,column(C) line 12 7a ( 0 b Net unrelated business taxable income from Form 990 T line 34 . 7b _.... ,. _- �... ...-._ .. a Prior Year Current Year 8 Contnbjtions and grants(Part VIII,line Ih) . . . . (' 460,659 231,079 a 9 Program service revenue(Part VIII,line 2g) . 230,747 227,052 + 10 Investment Income(Part VIII,column(A),lines 3,4,and 7d) . . 123,623 128,528 •.11 Other revenue(Part VIII,column(A),Imes 5,6d,Bc,9c,1Oc,and 1le) 73,590 306,235 12 Total revenue-add Imes 8 through 11 (must equal Part VIII,column(A),line 888,619 892,894 12) 13 Grants and similar amounts paid(Part IX,column(A),lines 1-3 ) 0 14 Benefits paid to or for members (Part IX,column(A),line 4) 0 15 Salaries,other compensation,employee benefits (Part IX,column(A),lines �., 404 5-10) ,955 403 450 16a Professional fundraising fees(Part IX,column(A),line Ile) . 3 0 b Total fundraising expenses(Part IX,column(D),line 25)0,0.,. ..... 17 Other expenses(Part IX,column(A),lines lla-ild,l if-24e) . 518,931( 507,240 18 Total expenses Add Imes 13-17(must equal Part IX,column(A),line 25) 923,886 910,690 19 Revenue!ess expenses Subtract line 18 from line 12.. . 35,267 17,796 ,.,.�.. sy P � '..Beginning of Current Year End of Year b m E ........ -. ...__......... ... m� �m 20 Total assets(Part X,line 16) . 14,510,104 16,019,388 . 21 Total liabilities(Part X,line 26) . . . 1,480,702_____ 3,007,782 a .�, ._..r ZDiy 22 Net assets or fund balances Subtract line 21 from line 20 13,029,402 13,011,606 . ..�. ;_._,.,�...._' S.9nature Block Under penalties of per)ury,I declare that I have examined this return,Including accompanying schedules and statements,and to the best of my knowledge and belief,it is true,correct,and complete Declaration of preparer(other than officer)is based on all information of which preparer has any knowledge 2017-01-25 Sigatn_of oficeDateSign Here CARLFLICK PRESIDENT M.M. . Type or pont name and title _____ _____. ...� Pnnt/Type preparers name Preparers signature Date self-employedPTIN RICHARD L KARPELES RICHARD L KARPELES 2017-03-17 Check if Paid ..<.- Preparer Firms name 10-FRIEDMAN FELDMESSER AND KARPELES CPA LLC Firm's EIN► Firm's address 0-641 UNIVERSITY BLVD STE 210 Phone no (561)622-9990 Use Only 3UPITER,FL 33458 May the IRS discuss this return with the prepa rer s hown above?(see instructions) . F,Yes F-No _ . . .. m For Paperwork Reduction Act Notice,seethe separate instructions. Cat No 11282Y Form99O(2015) Form 990 (2015) Page 2 Statement o-Program Service Accomplishments Check if Schedule O contains a resFonse or note to any line in this Part III . E 1 Briefly describe the organization's mission COMMUNITY DEVELOPMENT 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? . F—yes F,/—No If"Yes," describe these new services on Schedule O 3 Did the organization cease conducting,or make significant changes in how it conducts,any program services? . [—Yes F/_No If"Yes," describe these changes on Schedule O 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,and revenue,if any,for each program service reported ....... 4a (Code } (Expenses$ 813,339 including grants of$ ) (Revenue$ 296,085) THE ENTITY EXPENDS FUNDS RECEIVED FROM GRANTS AND CONTRIBUTIONS TO INDMDUALS&BUSINESSES THAT CONTRIBUTE TO A COMMUNITY DEVELOPMENT OF COMMERCIAL AND RESIDENTIAL PROPERTY 4b (Code ) (Expenses$ including grants of$ ) (Revenue$ ) 4c (Code ) (Expenses$ including grants of$ ) (Revenue$ ) 4d Other program services (Describe in Schedule O ) (Expenses $ including grants of$ )(Revenue $ ) 4e Total program service expenses 0- 813,339 Form 990(2015) Form 990 (2015) Page 3 Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3)or 4947(a)(1) (otherthan a private foundation)? If"Yes," Yes complete Schedule A N . . . . . . . . . . . . . . . . . . . . 1 Is the organization required to complete Schedule B,Schedule of Contributors (see instructions)? 2 No 3 Did the organization engage indirect or indirect political campaign activities on behalf of or in opposition to No candidates for public office? If"Yes,"complete Schedule C, Part 3 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 IT 4 No 5 Is the organization a section 501(c)(4), 501(c)(5),or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If"Yes,"complete Schedule C, Part III 5 N o 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 I 6 N o 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 D, Part If 7 No 8 Did the organization maintain collections of works of art,historical treasures,or other similar assets? If"Yes,"complete Schedule D,Part III g N o 9 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 g No 10 Did the organization,directly or through a related organization, hold assets in temporarily restricted endowments, 10 No permanent endowments, or quasi-endowments? If"Yes,"complete Schedule D,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 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 IN . Ila Yes 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 VII lib No 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 iic No 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 167 If"Yes,"complete Schedule D,Part IX tj . lld Yes e Did the organization report an amount for other liabilities to Part X, line 25? If"Yes,"complete Schedule D, Part X 11e Yes If Did the organization's separate or consolidated financial statements for the tax year include a footnote that lif No 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 V . 12a Yes b Was the organization included in consolidated, independent audited financial statements for the tax year? 12b No If"Yes,"and if the organization answered "No"to line 12a, then completing Schedule D,Parts XI and XII rs optional 13 Is the organization a school described in section 170(b)(1)(A)(ii)? If"Yes,"complete Schedule E 13 ' No 14a Did the organization maintain an office, employees,or agents outside of the United States? . 14a No 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 U nited States,or aggregate foreign investments valued at$100,000 or more? If"Yes,"complete Schedule F, Parts I and IV . 14b No 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 . 15 No 16 Did the organization report on Part IX,column (A),line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If"Yes,"complete Schedule F, Palts III and IV 16 No 17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part 17 No IX,column (A), lines 6 and IIe? If"Yes,"complete Schedule G,Part (see instructions) . . 18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If"Yes,"complete Schedule G,Part 11 . 18 No 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 III . 19 No 20a Did the organization operate one or more hospital facilities? If"Yes,"complete Schedule . 20a No b If"Yes" to line 20a,did the organization attach a copy of its audited financial statements to this return? aob Form 990(2015) Form 990 (2015) Page 4 Checklist of Required Schedules (continued) Did the organization report more than $5,000 of grants or other assistance to any domestic organization or 21 No domestic government on Part IX,column (A),line 1? If"Yes,"complete Schedule 1, Parts I and II . . 22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part 22 IX,column (A), line 2? If"Yes,"complete Schedule I,Parts I and III . No 23 Did the organization answer"Yes" to Part VII,Section A, line 3,4,or 5 about compensation of the organization's current and former officers,directors,trustees,key employees,and highest compensated employees? If"Yes," 23 No complete Schedule I . . ............. 24a 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 . 24a I No b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? 24b c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? . 24c d Did the organization act as an "on behalf of issuer for bonds outstanding at any time during the year? 24d 25a Section 501(c)(3),501(c)(4),and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If"Yes," complete Schedule L, Par t I . 25a N o b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year,and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? 25b No 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? 26 No If"Yes,"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 27 No member of any of these persons? If"Yes,"complete Schedule L,Part III . . 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 . . 28a No b A family member of a current or former officer,director,trustee,or key employee? If"Yes,"complete Schedule L, Part I V . 28b N o c A n 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 . 28c No 29 Did the organization receive more than $25,000 in non-cash contributions? If"Yes,"complete Schedule 29 No 30 Did the organization receive contributions of art,historical treasures, or other similar assets,or qualified conservation contributions? If"Yes,"complete Schedule . . . 30 No 31 Did the organization liquidate,terminate, or dissolve and cease operations? If"Yes,"complete Schedule N,Part I . 31 No 32 Did the organization sell,exchange,dispose of, or transfer more than 25% of its net assets? If"Yes,"complete Schedule N, Part II . 32 No 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, Part1 . 33 No 34 Was the organization related to any tax-exempt or taxable entity? If"Yes,"complete Schedule R, Part 71, III, or IV, and Part V,line I . 34 N o 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? 35a No b If'Yes'to line 35a, did the organization receive any payment from or engage in any transaction with a controlled 35b �- No 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 . 36 37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If"Yes,"complete Schedule R,Part VI 37 No Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 b and 19? Note.All Form 990 filers are required to complete Schedule O 38 Yes Form 990(2015) Form 990 (2015) Page 5 Statements Regarding Other IR5 Filings and Tax Compliance Check if Schedule O contains a response or note to any, line in this Part V Yes No la Enter the number reported in Box 3 of Form 1096 Enter-0- if not applicable la 0 b Enter the number of Forms W-2G included in line is Enter-0- if not applicable I 1b 0 c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming(gambling)winnings to prize winners? . is Yes 2a Enter the numberofemployees reported on Form W-3,T ra ns mitta I of Wage and Tax Statements,filed for the calendar year endirg with or within the year covered by this return . . . . . 2. 6 b If at least one is reported on line 2a,did the organization file all required federal employment tax returns? 2b Yes Note.Ifthe sum of lines la and 2a is greater than 250,you may be required to a-file (see instructions) 3a Did the organization have unrelated business gross income of$1,000 or more during the year? I 3a No b If"Yes,"has it filed a Form 990-T for this year?lf"No"to f ne 3b,provide an explanation in ScheduleO . 3b 4a 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)? 4a No b If"Yes,"enter the name ofthe foreign country 0, See instructions for filing requirements for FinCEN Form 114,Report of Foreign Bank and Financial Accounts (FBA R) Sa Was the organization a party to a prohibited tax sheltertransaction at any time during the tax year? Sa No b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? Slo No c If"Yes," to line 5a or 5b,did the organization file Form 8886-T? . . . Sc 6a Does the organization have annual gross receipts that are normally greater than$100,000,and did the 6a No 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? . . . 6b 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 forgoods and 7a No services provided to the payor? . . b If"Yes,"did the organization notify the donorofthe value ofthe goods or services provided? 7b c Did the organization sell,exchange,or otherwise dispose of tangible personal property for which it was required to file Form 8282? . 7c No d If"Yes," indicate the number of Forms 8282 filed during the year 7d e Did the organization receive any funds,directly or indirectly,to pay premiums on a personal benefit contract? 7e No f Did the organization,during the year,pay premiums,directly or indirectly,on a personal benefit contract? 7f No g If the organization received a contribution of qualified intellectual property,did the organization file Form 8899 as required? . 7g h If the organization received a contribution of cars,boats,airplanes,or other vehicles,did the organization file a Form 1098-C? . 7h 8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? . . . . . . B No 9a Did the sponsoring organization make any taxable distributions under section 4966? 9a No b Did the sponsoring organization make a distribution to a donor,donor advisor,or related person? „ 9b N.o.. 10 Section 501(c)(7)organizations.Enter a Initiation fees and capital contributions me luded on Part VIfI,line 12 l0a b Gross receipts,included on Form 990,Part VIII,line 12,for public use of club 10b m facilities 11 Section 501(c)(12)organizations.Enter a Gross income from members or shareholders . lia b Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them ) . [1111b 12a Section 4947(a)(1)non-exempt charitable trusts.Is the organization filing Farm 990 1n lieu of Form 1041? 12a b If"Yes," enter the amount of tax-exempt interest received or accrued during the year 12b 13 Section 501(c)(29)qualified nonprofit health insurance issuers. a Is the organization licensed to issue qualified health plans in more than one state?Nate.See the instructions for additional information the organization must report on Schedule O 13a 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? 14! No b If"Yes," has it filed a Form 720 to report these payments?If"No,"provide an explanation in Schedule 0 14b Form 990(2015) Form 990 (2015) Page 6 Governance, Management, and Disclosure For each "Yes"response to Imes 2 through 7b below, and fora 'N "re to Imes 8a, 86, or 10b below, describe the circumstances, processes, or changes rn Schedule O. See instructions. Check if Schedule O contains a response or note to anv line in this Part VI Section A. Governing. Management ._u Yes No I Enter the number of voting members of the governing body at the end of the tax i year s 9 Ifthere are material differences in voting rights among members ofthe governing body,or if the governing body delegated broad authority to an executive committee or similar committee,explain in Schedule O b Enter the number of voting members included in line la,above,who are independent lb 9 2 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? . IL3 No 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? No 4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? . 4 No 5 Did the organization become aware during the year of a significant diversion ofthe organization's assets? 5 No 6 Did the organization have members or stockholders? . 6 No 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? . 7a Yes b A re any governance decisions of the organization reserved to(or subject to approval by)members,stockholders, 7b No 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 a The governing body? . 8a Yes b Each committee with authority to act on behalfofthe governing body? . 8b Yes 9 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 O . 9 No w Section B. Policies (This Section B requests information about policies notregurred by the Internal Revenue Code. Yes No 10a Did the organization have local chapters, branches,or affiliates? . 10a No b If"Yes," did the organization have written policies and procedures governing the activities ofsuch chapters, affiliates,and branches to ensure their operations are consistent with the organization's exempt purposes? 10b Ila Has the organization provided a complete copy ofthis Form 990 to all members of its governing body before filing the form? . Ila Yes b Describe in Schedule O the process,ifany,used by the organization to reviewthis Form 990 12a Did the organization have a written conflict of interest policy?If"No,"go toline 13 12a Yes b Were officers,directors,or trustees,and key employees required to disclose annually interests that could give rise to conflicts? . 12b Yes c Did the organization regularly and consistently monitor and enforce compliance with the policy? If"Yes,"describe in Schedule O how this was done . 12c Yes 13 Did the organization have a written whistleblower policy? . 13 No 14 Did the organization have a written document retention and destruction policy? 14 Yes 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? a The organization's CEO,Executive Director,or top management official 15a Yes b Other officers or key employees of the organization . 15b Yes If"Yes"to line 15a or 15b,describe the process in Schedule O (see instructions) 16a Did the organization invest in,contribute assets to,or participate in a joint venture or similar arrangement with a taxable entity during the year? . 16a Yes b 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 exempt status with respect to such arrangements? 16b Yes Section C. Disclosure „ 17 List the States with which a copy of this Form 990 is required to be filed► FL 18 Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable),990,and 990-T (501(c) (3)s only)available for public inspection Indicate how you made these available Check all that apply F—ownwebsite Another's website F./Upon request F—Other(explain in Schedule O) 19 Describe in Schedule O 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,address,and telephone number of the person who possesses the organization's books and records ►TERRI MURRAY 510-24TH STREET SUITE A WEST PALM BEACH, FL 33407 (561)832-6776 Form 990(2015) Form 990 (2015) Page 7 Compensation of Officers, 6-fre-itors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check ifSchedu:e 0_contains a response or note to any line in this Part VII section Officers, Directors,Trustees, Key Employees, and Highest Compensated Employees la Complete this table forall persons required to be listed Report compensation for the calendar year ending with or within the organization's tax year a List all ofthe 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 ofthe 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 reportable compensation(Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC)ofmore than$100,000 from the organization and any related organizations e List all ofthe organization's former officers,key employees,or highest compensated employees who received more than$100,000 of reportable compensation from the organization and any related organizations e List all ofthe organization's former directors ortrustees that received,in the capacity as a former director or trustee ofthe 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 Position(do not check Reportable Reportablee"t TIstimated "'ti., a hours per more than one box,unless compensation compensation amount of week(list person is both an officer from the from related other any hours and a director/trustee) organization organizations compensation for relatedT. M -n (W- 2/1099- (W- 2/1099- from the 5 - _7 organizations 7 Z MISC) MISC) organization below LL and related dotted line) T1 IC organizations IV Z c-- (1)JULIE HYATT 2 00 ...................................................................... ................. X 0 0 0 VICE PRESIDENT (2)TIM COPPAGE 2 00 ...................................................................... ................. x 0 0 DIRECTOR (3)LYNN SOLOMON 2 00 mm ...................................................................... ................. X G 0 0 DIRECTOR (4)LOVETTA HARMON 2-00 ...................................................................... ................. 0 0 0 DIRECTOR --—--------——---------- (5)JEAN BAYOL 200 ...................................................................... ................. X 0 0 0 DIRECTOR (6)CARLA FLICK 200 5-I'D'E"N"T............................. ........... x 0 0 PRE ........... (7)BETTE ANNE STARKEY 2 00 ................. ...................................................................... X 0 0 SECRETARY (8)JOEY EICHNER 2 CIO mmIT ...................................................................... ................. 0 0 TREASURER (9)ROMIN CURRIER 2 00 ...................................................................... ................. x x 0 0 0 DIRECTOR (10)TERRI MURRAY 4000 ...................................................................... ................. X 93,874,' 3,874 0 0 EXECUTIVE DIRECTOR .............. Form 990(2 01 5) Form 990 (2015) Page 8 Section A. Officers, Directors,Trustees, Key Employees, and Highest Compensated Employees(continued) (A) (B) (C) (D) (E) M Narne and Title Average Position (do not check Reportable Reportable Estimated hours per rnore than one box, unless compensation compensation amount of other week (list person is both an officer from the from related compensation any hours and a director/trustee) organization (W- organizations (W- from the for related r, -Tj 2/109 9-M ISC) 2/1099-NII SC) organization and organizations !4 CL related below Organizations dotted line) C 0 ca ID 'D 41 T r. lb Sub-Total . . . . . . . . . . . . . . . 110' c Total from continuation sheets to Part V11,Section A . . . . 0. d Total (add lines 1b and Sc) . . . . . . . . . . . 11. 93,874 2 Total number of individuals (including but not limited to those listed above)who received more than $100,000 of reportable compensation from the organization 0- Yes No 3 Did the organization list any former officer,director or trustee, key employee,or highest compensated employee on line la? If"Yes,"complete Schedule]forsuch Individual . . . . . . . . . . . . . . 3 No 4 For any individual listed on line la, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If"Yes,"complete Schedule-7 forsuch Individual . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 No 5 Did any person listed on line is receive or accrue compensation from any unrelated organization or individual for services rendered to the organization?If"Yes,"complete Schedule]forsuch person . . . . . . . . 5 No —Section B. Independent Contractors I 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) Name and business address Description of services Compensation ........... 2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 ofcompensation from the organization ► Form 990(2015) Form yeopoz5> Page y Form 990 (2015) Page 10 Statement of Functional Expenses �a Section 501fcV3? and 501(cc 4s organizations must com:,lete all columns All other organizations must complete column �A; Check if Schedule O contains a response or note to any line in this Part IX . . F Do not include amounts reported on lines 6b, (A) (B) (C) (D) 5,81b,9b,and 10b of Part VIII. Total expenses Program service Management and Fundraising expenses general expenses expenses _ .._..., _ �......... .. 1 Grants and other assistance to domestic organizations and domestic governments See Part IV,line 21 . . 2 Grants and other assistance to domestic individuals See Part IV,line 22 . . 3 Grants and other assistance to foreign organizations,foreign governments,and foreign individuals See Part IV,lines 15 and 16 . . 4 Benefits paid to or for members . . 5 Compensation ofcurrent officers,directors,trustees,and key employees 93,874'' 84,487 9,387 0 ......... _ 6 Compensation not included above,to disqualified persons (as defined under section 4958(f)(1))and persons described in section 4958(c)(3)(B) . . 7 Other salaries and wages 283,198 254,878 28,320 0 8 Pension plan accruals and contributions (include section 401(k) and 403(b)employer contributions) . . 9 Other employee benefits . .... 10 Payroll taxes . 26,378 23,740 2,638 0 11 Fees for services (non-employees) a Management . . b Legal . . c Accounting . d Lobbying . . e Professional fundraising services See Part IV,line 17 f Investment management fees . . g Other(If line 11g amount exceeds 10% of line 25,column (A) amount,list line 11g expenses on Schedule 0) . . 12 Advertising and promotion 13 Office expenses . . 14 Information technology . . 15 Royalties 16 Occupancy . 43,80839,427 4,381 0 17 Travel 4,881 4,393 ' 488 0 18 Payments of travel or entertainment expenses for any federal, state,or local public officials 19 Conferences,conventions,and meetings 20 Interest . 9,826 8,843 983 0 21 Payments to affiliates . . 22 Depreciation,depletion, and amortization 392,060 352,854'' 39,206 0 23 Insurance 15,754 14,179 1,575 0 24 Other expenses Itemize expenses not covered above (List miscellaneous expenses in line 24e If line 24e amount exceeds 10% of line 2S,column (A)amount,list line 24e expenses on Schedule O ) a ADVERTISING &MARKETING 607 546 61 —0 b LICENSES &FEES 2,110 1,899 211 0 c EQUIPMENT RENTAL 1,401 1,261 1401 0 d OFFICE EXPENSES 26,232 17,3271 8,905 0 e All other expenses 10,561 9,50-9 1,056 0 25 Total functional expenses.Add lines 1 through 24e 910,690 813,339 97,351 0 26 Joint costs.Complete this line only ifthe organization reported in column (B)joint costs from a combined educational campaign and fundraising solicitation Check here i F_iffollowing SOP 98-2 (ASC 958-720) Farm 990(2015) Form 990 (2015) Page 11 JOEM Balance Sheet Check if Schedule O contains a response or note to any line in this Part X (A) (B) Beginning of year End of year 1 Cash-non-interest-bearing . 1.128,309p 1 1,208,756 2 Savings and temporary cash investments . 2 3 Pledges and grants receivable, net . 106,099 3 4 Accounts receivable,net . 2,895 4 5,844 5 Loans and other receivables from current and former officers,directors,trustees, key employees,and highest compensated employees Complete Part II of Schedule L . . 5 6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(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 instructions) Complete Part +N. II of Schedule L � 6 N 7 Notes and loans receivable, net . 7 8 Inventories for sale or use . g 9 Prepaid expenses and deferred charges . , 147,245 9 130,399 10a Land,buildings,and equipment cast or other basis - Complete Part VI of Schedule D 10a 14,021,059'' b Less accumulated depreciation . lOb 1,687,355 12,923,074, 10c 12,333,704 11 Investments—publicly traded securties . 11 w_ _ .... ......................._www 12 Investments—other securities See Part IV,line 11 12 13 Investments—program-related See Part IV,line it 13 14 Intangible assets . 14 15 Other assets See Part IV,line 11 . 202,482 15 2,340,685 16 Total assets.Add lines 1 through 15 (must equal line 34) . 14,510,104 16 16,019,388 17 Accounts payable and accrued expenses 94,44217 84,150 18 Grants payable , .. 18 19 Deferred revenue 19 20 Tax-exempt bond liabilities 20 -...... .............— 21 Escrow orcustodial account liability Complete Part IV of Schedule D 21 cU 22 Loans and other payables to current and former officers,directors,trustees, C key employees, highest compensated employees,and disqualified persons Complete Part II of Schedule L . 22 cc - .�. J 23 Secured mortgages and notes payable to unrelated third parties 23 24 Unsecured notes and loans payable to unrelated third parties 1,279,524 24 2,841,666 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 D . 106,736 25 81,966 ...._ ..................... 26 Total Iiabilities.Add lines 17 through 25 . 1,480,702 26 3007,782 Organizations that follow SFAS 117(ASC 958),check here► I—V and complete lines 27 through 29,and lines 33 and 34. U r 27 Unrestricted net assets 13,029,402 27 13,011,606 m 28 Temporarily restricted net assets 28 29 Permanently restricted net assets 29 J _ L+ Organizations that do not follow SFAS 117(ASC 958),check here► F and O complete lines 30 through 34. 30 Capital stock or trust principal,or current funds 30 31 Paid-in or capital surplus,or land,building or equipment fund 31 32 Retained earnings,endowment,accumulated income,or other funds 32 Z 33 Total net assets or fund balances 13,029,402 33 13,011,606 34 Total liabilities and net assets/fund balances 14,510,104 34 16 019,388 Form 990(2015) N v o %D N i o "1 rn m o o L m � n v IR, 0 Z Z O 0) N0 n (01H .N_. ro Q1 H H ry ry ' f1 OD C) C ..-. m ,r ..,. O U- m N N M M O •°~ v io 3 N ro L n - -F- > > v v w L _ . = L ro N C Cl L p O C p O ' C n 'o w O w L u LO N L 0 U v a ro a ro v ro ro ro v 7 7 L v 7 Ov v - v x w O O x ro C m Q O L ro a aLi a o CL v L n v a v - :3 c L w w ro o O ro ro c ro '0 v c X . 7 X fll C ro v C �' C O N C O 0- L Y N A (0 C A ro w ro 7 u v 7 d ro �` .. i d v N v Y v 70 i v E O 7 01 ro aw d M w U L _0 V ro 7 C w ro L V, M 7 w...... V C ,0 u .2 w 0 C O w v E L Q L O - ro �O _ w U ro f1 ra w O +' w p ro V oL O i av-f C) C ` L w C i w �' v a w v N X N N .L] N ON O �-, w C N C c v 7 L A a E u E u ^ ro . _ w i d yv+ i N -0 r..+ C N • -6 y ro O 3: i i C u 7 U1 A d " v L C Ui v ro O ro O +-+ r9 (D O fo O_ m C N m w v ro u M o L ro ` - - E +� w ro u 0- � w y L ro L E v L N v C v v E L ro o o _ O -0 C o o c > c u E w 7 _ p w a' c - ay YO w ro -0 ro ro v w o- � v - C v 7 c c o v 7 ro v C L an a� c_ m_ v L v L o H o = E a ` o o ° v w v v w > w o o O v L v th, Q = v 0 @ _ p u L ro ro ro C u L ro 7 7 p >. n w U o E •i C]. E C O O C VLn E v L y D $ y y f0 C ry li C i f0 �- .0 O v 7 4- 01 E m v UJ U- O V L LL f0 N L ro C w N 01 M v U vi ro cu ou o E m >- C ro v E o o E 3 a ra > o cn V v C w w L w L '7 fL _ i _ O C d w C C v p PO w O +�+ w 0 i O L w w L O > LL, '6 C v L i ro w ro ro w O O Q O� >. ro N E = C L u ro v w Ufo CO U L CO v C L w rLo v z c ro ua o v C o v E � � U o U vc 7 C 0 o ro u a+w-' u L u - a L ro +_' 7 ro u 0. 11 ® O m y awi o W O o a roo *o-' ro o i U ro o n C ro 7 U) u w v v u �+ v v -0 c 3 E v m ® v � w o V) f^ w 0 C o o q- o _^ 0 m ro v 7 N r6 v C ro f6 .Fe 'o w ro of v w `� v w ry U C N w ro ro - O C s .y s�.f N w ro N v N f0 {� N 7 L C .f] C C L L L O L R ro - 20 Q,L In w 7 C L C ro w E v L _ L U O x 0 w O x w O U v of'O ® cn E a v M ro v C t;w a t0 w oc o LN rw° ynroi n rwa N ai o L Lo ro v u n .0 - ro n ro ro .` O x w a� c w c v v > ro u o �t v w w o v i v ro v �' E N ro ro ro �- L C Q) N w Q (n U v C v v L ^' v a w C v o c 0 p' v s L° v ow L p c 0 ' $ v w O ro i m L C ro O L N f0 O L C fq ro H U > N v N "O fU L N V a-+ 61 (ll v V L d v U O Q = fs fll 7 7 ro 'I.. C7 s4..1 v 7 w v v u w C C p 7 i v i U v ro O = Q =. N C w C w (1 L w 7 w ro w - w N w v 23 > y � > o u } � L v } N L rL -E romrE O O v v v O .C. L OJ p u u v w v ? ro = w u w C Cr v (T �- H fY z z a O Z u Q N ro .Q O N Q to N M a N m N co o+ ti w N M a u a efile GRAPHIC )rint - DO NOT PROCESS As Filed Data - DLN: 93493076002097 e �. ,REDUCE A OMB No 1545 0047 Public Charity Status and Public Support - - (Form 990 or Complete if the organization is a section 501(c)(3) organization or a section 990EZ) 4947(a)(1) nonexempt charitable trust. 2015 10, Attach to Form 990 or Form 990-EZ. r Department of the 10'Information about Schedule A (Form 990 or 990-EZ) and its instructions is at Treasury wwwd rs.a ov,l form 990. Internal Revenue Service Name of the organization Employer identification number NEIGHBORHOOD RENAISSANCE INC 65-0352279 Reason for Public Charity Status (All organizations must complete this part.) See Instructions. The organization is not a private foundation because it is (For lines 1 through 11,check only one box ) 1 F A church,convention of churches,or association of churches described in section 170(b)(1)(A)(i). 2 F A school described in section 170(b)(1)(A)(11).(Attach Schedule E (Form 990 or 990-EZ)) 3 A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii). 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 F— A n 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 F— A federal,state, or local government or governmental unit described in section 170(b)(1)(A)(v). 7 FyA n organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II ) 8 r- A community trust described in section 170(b)(1)(A)(vi) (Complete Part II ) 9 F— An organization that normally receives (1) more than 331/3% 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 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax)from businesses acquired by the organization after lune 30, 1975 Seesection 509(a)(2).(Complete Part III ) 10 F— A n organization organized and operated exclusively to test for public safety See section 509(a)(4). F— 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 in lines Ila through l ld that describes the type of supporting organization and complete lines Ile, 11f,and 11g a F- Type I.A supporting organization operated,supervised,or controlled by its supported organization(s),typically by giving the supported organization(s)the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization You must complete Part IV,Sections A and B. b Type II.A supporting organization supervised or controlled in connection with its supported organizaticn(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s) You must complete Part IV,Sections A and C. c F— Type III functionally integrated.A supporting organization operated in connection with,and functionally integrated with, its supported organization(s) (see instructions) You must complete Part IV,Sections A,D,and E. d F— Type III non-functionally integrated.A supporting organization operated in connection with its supported organization(s)that is not functionally Integrated The organization generally must satisfy a distribution requirement and an attentiveness requirement (see Instructions) You must complete Part IV,Sections A and D,and Part V. e Check this box if the organization received a written determination from the IRS that it is a Type I,Type II,Type III functionally integrated,or Type III non-functionally integrated supporting organization f Enter the number of supported organizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . g Provide the following information about the supported organization(s) (i) (ii)EIN (iii) (iv) (v) (vi) Name of supported organization Type of Is the organization Amount of Amount of other organization listed in your governing monetary support support (see (described on lines documents (see instructions) instructions) 1- 9 above (see instructions)} Yes No .. For Paperwork Reduction Act Notice,seethe Instructions for Form 990 or 990EZ. Cat No 11285F Schedule A (Form 990 or 990-EZ) 2015 Schedule A (Form 990 or 990-EZ)2015 Page 2 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 urder Part III. If the organization falls to qualify under the tests listed below, please complete Part III., —ection A. Public Support Calendar year (or fiscal year beginning in) (a)2011 (b)2012 (c)2013 (d)2014 (e)2015 (f)Total 1 Gifts, grants,contributions,and membership fees received (Do 8,090,153 5,266,896 689,691 460,659 296,085 14,803,484 not include any unusual grants ) 2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf � 3 The value of services or facilities mm furnished by a governmental unit to the organization without charge 4 Total.Add lines 1 through 3 8,090,153 5,266,896 689,691 460,659 296,085 14,803,484 5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11,column (f) _ ............... 6 Public support.Subtract line 5 from line 4 14,803,484 Section B. Total Support Calendar year (or fiscal year beginning in)!► (a)2011 (b)2012 (c)2013 (d)2014 (e)2015 (f)Total 7 Amounts from line 4 8,090,153 5,266,896 689,691 460,659 296,085 14,803,484 S Gross income from interest, dividends,payments received on 169,6251,635,230 905,011 945,258 977,919 4,633,043 securities loans,rents, royalties and income from similar sources 9 Net income from unrelated business activities, whether or not the business is regularly carried on 10 Other income Do not include gain or loss from the sale of capital assets (Explain in Part VI ) 11 Total support.Add lines 7 w through 10 19,436,527 12 Gross receipts from related activities,etc (see instructions) 12 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 stol3 here . . . . . . . . . . . . . . . . . . . . . . . . . . ..... .. Computation of Public Su Section C. Com ... M .. p Support Percentage 14 Public support percentage for 2015 (line 6, column (f)divided by line 11, column (f)) 14 76 160 15 Public support percentage for 2014 Schedule A, Part II, line 1415 81 410 F----'- 16a 331/30/osupport test-2015.Ifthe 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 F,/- b 33 1/3%support test-2014.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 organization 0- F 17a 10%-fact s-and-circumst ancestest—2015.Ifthe organization did not check a box on line 13, 16a,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 VI how the organization meets the "facts-and-circumstances" test The organization qualifies as a publicly supported organization F b 100/6-facts-and-circumstances test-2014.If the organization did not check a box on line 13, 16a, 16b,or 17a,and line 15 is 10% or more,and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test The organization qualifies as a publicly supported organization pop Private foundation.Ifthe organization did not check a box on line 13, 16a, 16b, 17a,or 17b,check this box and see instructions PI F _.. Schedule A (Form 990 or 990-EZ) 2015 Schedule (Form 990 ore9o-EZ)2ozs Page 3 checkSupport Scliedule 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 H. If the organization fails to qualify under the tests listed ��w Reirt IL) Section A. Public Support Calendar year (a)2011 (b)2012 (c)2013 (d)2014 (e)2015 (f)Total Gifts,grants, contributions,and membership fees received (Do not include any "unusual grants 2 Gross receipts from admissions, merchandise sold or services performed,or facilities furnished in any activity that is related to the organization's tax-exempt purpose 3 Gross receipts from activities that are not an unrelated trade or business Linder section 513 4 Tax revenues levied forthe organization's benefit and either paid to or 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 I through 5 7a Amounts included on lines 1,2, and 3 received frorn disqualified persons b Amounts included an lines 2 and 3 received from other than disqualified persons that exceed the greater of$5,000 or 1% of c Add lines 7a and 7b a Public supportu (Subtract line 7c from line 6 ) L::� B. Total Support f i1scal year beginning in)0. 9 Amounts from line 6 10a Gross incorne from interest, dividends,payments received on securities loans, rents, royalties and mcorne frorn similar sources b Unrelated business taxable income (less section 511 taxes) from businesses acquired after c Add lines Ina and 10b I Net income from unrelated business activities not included in line 10b,whether or not the business is regularly carried on 12 Other income Do not include gain or loss from the sale of capital assets (Explain in Part 13 Total support.(Add lines 9, 10c, 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, Section C. Computation of Public Support Percentage _i5 �ubh� support percentage for 20 15 (line 8,column (f)divided by line 13,colurrin (f)) 16 Public support percentage from 20 14 Schedule A, Part III, line 15 6 Section D. Computation of Investment Income Percentage :1177 0 .R Investment income percentage from 2014 Schedule A, Part III,line 17 18 EE 17 Investment income percentage for 2015(line I Oc,column (f)divided by line 13,column (f)) i 33 113%support tests-2015.If the organization did not check the box on line 14,and line 15 is more than 3 3 1/3%,and line 17 is not more than sz z13%,check this box and stop here.The organization q"axhesasapum/clysvpp"rtcdoroan/zatiun P,� [– b 33 1/3%support tests-2014.1fthe organization did not check a box on line 14 or line 19a,and line 16 is more than 33 1/s% and line 18 /onot more than 3a 1/3%,check this box and stop here,The organization qualifies as a publicly supported organization F 20 Private foundation.If the organization did not check a box on line 14, 1 9a,or 19b,check this box arid see instructions k~ Schedule A (Form 990 or 990-EZ)2015 Page 4 Supporting organizations (Complete only ifyou checked a box on line 11 of Part I If you checked lla of Part I,complete Sections A and B If you checked 11b of Part I,complete Sections A and C If you checked 11c of PartI,complete Sections A, D,and E If you checked 11d of Part I,comylete Sections A and D,and complete Part V i Section A. All Supporting Organizations _...., .. Yes No 1 Are all ofthe organization's supported organizations listed by name in the organization's governing documents? If"No,"describe in Part VI how the supported organizations are designated If designated by class or purpose, describe the designation If historic and continuing relationship,explain i 2 Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1)or(2)? If"Yes,"explain In Part VI how the organization determined that the supported organization was described in section 2 509(a)(1)or (2) 3a Did the organization have a supported organization described in section 501(c)(4),(5),or(6)? If"Yes,"answer(b)and(c)below 3a .w.n. b Did the organization confirm that each supported organization qualified under section 501(c)(4), (5),or(6)and satisfied the public support tests under section 509(a)(2)? If"Yes,"describe in Part VZ when and how the organization made the determination 3b c Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? 3c If"Yes,"explain In Part VI what controls the orgamzatron put I place to ensure such use 4a Was any supported organization not organized in the United States ("foreign supported organization")? If"Yes"and if you checked Ila or 11b in Part I,answer(b)and(c)below 4a b Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If"Yes,"describe In Part VI how the organization had such control and discretion despite being controlled or supervised 4b by of in connection with Its supported organizations c Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3)and 509(a)(1)or(2)? If"Yes,"explain In Part VI what controls the organization used to ensure that all support to the foreign supported 4c organization was used exclusively for section 170(c)(2)(8)purposes - Sa Did the organization add,substitute,or remove any supported organizations during the tax year? If"Yes,"answer(b)and(c)below (if applicable) Also,provide detail In Part VI,Including(I)the names and EIN numbers of the supported organizations added,substituted,or removed, (it)the reasons for each such action,(III)the authority under the organization's organizing document authorizing such action,and(iv)how the action was accomplished(such as by amendment to the organizing document) 5a b Type I or Type II only.Was any added or substituted supported organization part of a class already designated in the organization's organizing document? 5b c Substitutions only.Was the substitution the result of an event beyond the organization's control? 5c 6 Did the organization provide support (whether in the form of grants or the provision of services or facilities)to anyone other than (a) its supported organizations, (b)individuals that are part of the charitable class benefited by one or more of its supported organizations, or(c)other supporting organizations that also support or benefit one or more of the filing organization's supported organizations? If"Yes,"provide detail in Part VZ. 6 7 Did the organization provide a grant, loan,compensation,or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)),a family member of a substantial contributor,or a 35-percent controlled entity with regard to a substantial contributor? If"Yes,"complete Part I of Schedule L(Form 990) 7 8 Did the organization make a loan to a disqualified person (as defined in section 49 58)not described in line 7? If"Yes,"complete Part 11 of Schedule L(Form 990) 8 9a Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509 (a)(1)or(2))? If"Yes,"provide detail in Part VZ. 9a b Did one or more disqualified persons (as defined in line 9(a))hold a controlling interest in any entity in which the v supporting organization had an interest? If"Yes,"piovide detail in Part VZ. 9b c Did a disqualified person (as defined in line 9(a))have an ownership interest in,orderive any personal benefit from,assets in which the supporting organization also had an interest? If"Yes,"piovide detail in Part VZ. 9c 10a Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations,and all Type III non-functionally integrated supporting organizations)? If"Yes,"answer b below 10a b Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings) 106 1 Has the organization accepted a gift or contribution from any of the following persons? a A person who directly or indirectly controls,either alone or together with persons described in (b)and (c) below, the governing body of a supported organization? 11a b A family member of a person described in (a)above? 11b c A 350% controlled entity of a person described in (a)or(b)above?If"Yes"toa,b,orc,provide detail In Part VI iic -- Schedule A (Form 990 or 990-EZ)2015 Schedule A (Form 990 or 990-EZ)2015 Page 5 Supporting Organizations (continued) 1 Action_B Type I Supporting Organizations m Yes No 1 Did the directors,trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization's directors or trustees at all times during the tax year? If"No,"describe in Part VZ how the supported organization(s)effectively operated,supervised,or controlled the organization's activities If the organization had more than one supported organization,describe how the powers to appoint andlor remove directors or trustees were allocated among the supported organizations and what conditions or restrictions,if any,applied to such powers during the tax year 1 2 Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised,or controlled the supporting organization? If"Yes,"explain in Part VZ how providing such benefit carried out the purposes of the supported olganization(s)that operated,supervised or controlled the supporting organization 2 - .— Section C Type II Supporting Organizations _ —Yes..__..No. 1 Were a majority of the organization's directors or trustees during the tax year also a ma]ority of the directors or trustees of each of the organization's supported organization(s)? If"No,"describe in Part VZ how control or management of the supporting organization was vested to the same persons that controlled or managed the supported organization(s) 1 Section D. All Type III Supporting Organizations Yes No 1 Did the organization provide to each of its supported organizations,by the last day of the fifth month of the organization's tax year, (1)a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification,and (3)copies of the organization's governing documents in effect on the date of notification,to the extent not previously provided? 1 2 Were any of the organization's officers,directors,or trustees either(i)appointed or elected by the supported organization(s)or(ii)serving on the governing body of a supported organization? If"No,"explain in Part VZ how the organization maintained a close and continuous working relationship with the 2 supported organization(s) 3 By reason of the relationship described in (2),did the organization's supported organizations have a significant voice in the organization's investment policies and in directing the use of the organization's income or assets at all times during the tax year? If"Yes,"describe in Part VZ the role the organization's supported organizations played in this regard 3 Section E. Type III Functionally-Integrated !up rtin Organizations _ I Check the box next to the method that the organization used to satisfy the Integral Part Test during the year(see instructions) a F— The organization satisfied the Activities Test Complete line 2 below b F— The organization is the parent of each of its supported organizations Complete line 3 below c F— The organization supported a governmental entity Describe in Part VI how you supported a government entity (see instructions) 2 Activities Test Answer(a) and(b) below. Yes No a Did substantially all of the organization's activities during the tax year directly further the exempt purposes ofthe ...__- supported organization(s)to which the organization was responsive? If'Yes,"then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes,how the organization was responsive to those supported organizations,and how the organization determined that these activities constituted substantially all of its activities 2a b Did the activities described in (a)constitute activities that,but for the organization's involvement,one or more of the organization's supported organization(s)would have been engaged in? If"Yes,"explain in Part VZ the reasons for the organization's position that its supported organizations) would have engaged in these activities but for the organization's involvement 2b 3 Parent of Supported Organizations Answer(a) and(b) below. ................... . a Did the organization have the power to regularly appoint or elect a majority of the officers,directors,or trustees of each of the supported organizations? Provide details in Part VI 3a b Did the organization exercise a substantial degree of direction over the policies,programs and activities of each of its supported organizations?If"Yes,"describe in Part VI the role played by the organization in this regard 3b Schedule A (Form 990 or 990-EZ) 2015 Schedule A (Form 990 or 990-EZ) 2015 Page 6 Type %%I Non-Functionally Integrated 509(a)(3) Supporting Organizations 1 Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov 20, 1970 See instructions.All other TIVDe III non-functionally ante crated suYhortmn,, on anizations must complete Sections A throu jh E ...� Section A - Adjusted Net Income (A)Prior Year (B)Current Year (optional) 1 Net short-term capital gain 1 2 Recoveries of prior-year distributions 2 3 Other gross income (see instructions) 3 _ww 4 Add lines 1 through 3 4 5 Depreciation and depletion 5 Portion of operating expenses paid or incurred for production or collection of 6 gross income or for management,conservation,or maintenance of property held for production of income (see instructions) 6 7 Otherexpenses (see instructions) 7 w.. �...... .. . _.. .... 8 Adjusted Net Income(subtract lines 5,6 and 7 from line 4) 8 _....... .w .......... Section B - Minimum Asset Amount (A)Prior Year (B)Current Year (optional) _ .._...... 1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year) 1 a Average monthly value of securities la b Average monthly cash balances fd Fair market value of other non-exempt-use assets d Total (add lines la, lb,and 1c) Discount claimed for blockage or other factors e (explain in detail in Part VI) 2 Acquisition indebtedness applicable to non-exempt use assets 2 3 Subtract line 2 from line 1d 3 4 Cash deemed held forexempt use Enter 1-1/2% of line 3 (forgreater amount,see instructions) 4 _____............ . 5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5 6 Multiply line 5 by 035 6 7 Recoveries of prior-year distributions 7 8 Minimum Asset Amount (add line 7 to line 6) 8 Section C - Distributable Amount Current Year I Adjusted net income for prior year(from Section A, line 8,Column A) 1 2 Enter 85% of line 1 2 3 M inimum asset amount for prior year(from Section B,line 8,Column A) 3 4 Enter greater of line 2 or line 3 4 5 Income tax imposed in prior year 5 6 Distributable Amount.Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6 7 Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions) F_ Schedule A (Form 990 or 990-EZ) 2015 Schedule A (Form 990 or 990-EZ) 2015 Page 7 Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued) Section D - Distributions _ Current Year Amounts paid to supported organizations to accomplish exempt purposes A mounts paid to perform activity that directly furthers exempt purposes of supported organizations,in excess of income from activity 3 Administrative expenses paid to accomplish exempt purposes of supported organizations 4 Amounts paid to acquire exempt-use assets 5 qualified set-aside amounts (prior IRS approval required) 6 Other distributions (describe in Part VI) See instructions 7 Total annual distributions.Add lines 1 through 6 8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI) See instructions 9 Distributable amount for 2015 from Section C,line 6 10 Line 8 amount divided by Line 9 amount Section E - Distribution Allocations (see (i) instructions) Excess Distributions Underdist ribut ions Distributable pre-2015 Amount for 2015 1 Distributable amount for 2015 from Section C, line 6 2 Underdistributions, if any,for years prior to 2015 (reasonable cause required--see instructions) 3 Excess distributions carryover, if any,to 2015 r. 8 d From 2013. . . . . . . I _. ... ..... ..... e From 2014. I f Total of lines 3a through e _ ......_.. ....,W_ _ ., g Applied to underdistributions of prior years h Applied to 2015 distributable amount i Carryover from 2010 not applied (see instructions) j Remainder Subtract lines 3g,3h,and 31 from 3f 4 Distributions for 2015 from Section D, line 7 5 a Applied to underdistributions of prior years b Applied to 2015 distributable amount c Remainder Subtract lines 4a and 4b from 4 5 Remaining underdistributions foryears priorto 2015, if any Subtract lines 3g and 4a from line 2 (if amount greater than zero,see instructions) 6 Remaining underdistributions for 2015 Subtract lines 3h and 4b from line 1 (if amount greater than zero,see instructions) 7 Excess distributions carryover to 2016.Add lines 3I and 4c 8 Breakdown of line 7 ._. ..... _w....... . ......_. a mm� Excess from 2013 ._......... d From 2014. . . . . . . _. ._...___ __.... e From 2015. . . . Schedule A (Form 990 or 990-EZ) (2015) 00 Ln a, o uj N N nj N W , cv c c Ch L L '� O (� U) M L1J d 4J c Cf C O cri C N N IL C C N (11 v +� u> U ri 4-1 Gl L � H N U) r V d ' — to ~ C L LLfB En fu C O ,-I a O V L U V C O ,-I 0) C L (D a N [u 4-J Lf) ++ d c L N N x _ u w c fa = c. (a '-I _ E � fu O L +. u N 4-- LI) N C N V) t� C > M i c U 4-' o 4-) � Q- a Q Leo . -o ro - vm a ry u cn (1) LCL V C (U >= L L " m O C 0- c i fu �u'a0 M u 1 E om a� � � CD - , c_ N (ON — > C 4-+ 4J CLL Q a) c a E CD m x o - rn lwO c + ,-i uu v C o E Q cn C= 0 � o >> CL 0 U LL N d (n a- a- t� Q - CC QP a) L ' U + Ln efile GRAPHIC rint- DO NOT PROCESS As Filed Data - DLN: 93493076002097 SCHEDULE D Supplemental Financial Statements OMB No, 1545-0047 (Form 990) I►Complete if the organization answered"Yes,"on Foran 990, Part IV,line 6,7,8,9,10,Ila,llb,11c,11d,Ile,ilf,12a,or 12b. 20 15 Department of the ►Attach to Form 990. Treasury Information about Schedule D(Form 990)and its instructions is at www.irs.cov/form990. ', - u„ Internal Revenue Service Name of the organization Employer identification number NEIGHBORHOOD RENAISSANCE INC 65-0352279 Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Comialete If the oraanlzatlon answered "Yes" on Form 990, Part IVP line 6,. (a) Donor advised funds_ (b)Funds and other accounts 1 Total number at end of year 2 Aggregate value of contributions to (during year) 3 Aggregate value of grants from(during year) 4 Aggregate value at end of year 5 Chid 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 controls FYes FNo 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 inrpernissble private benefits _...__� i ._...�. �Yes �No ®= Conservation Easements. Complete if the organization answered "Yes on Form 990, Fart IV, line 1. ..... a..........a.__. I Purpose(s)of conservation easements held by the organization(check all that apply) Preservation of land for public use(e g ,recreation or education) Preservation of an historically important land area F_ Protection of natural habitat Preservation of a certified historic structure (— Preservation of open space 2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of conservation easement on the last day of the tax year Held at the End of the Year a Total number of conservation easements 2a is Total acreage restricted by conservation easements 2b c N Limber of conservation easements on a certified historic: structure included in(a) 2c d Number of conservation easements included in(c)acquired after 8/17/06,and not on a historic structure listed in the National Register 2d 3 Number of conservation easements modified,transferred,released,extinguished,or terminated by the organization during the tax year 0� 4 Number of states where property subject to conservation easement is located lb� 5 Does the organization have a written policy regarding the periodic monitoring,inspection, handling of violations,and enforcement of the conservation easements it holds? Yes r No 6 Staff and volunteer hours devoted to monitoring,inspecting,handling of violations,and enforcing conservation easements during the year 7 Amount of expenses incurred in monitoring,inspecting,handling of violations,and enforcing conservation easements during the year ►$ 8 Does each conservation easement reported on line 2(d)above satisfy the requirements of section 170(h)(4) (B)(i)and section 17 0(h)(4)(B)(ii)? FYes F_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 03 Organizations Maintaining Collections of Art,-Historical Treasures, or Other Similar Assets. C,crrtalte if the organization answered "Yes" on Form 990, part IV, line 8. is If the organization elected,as perrriitted under SFAS 115 (ASC 958),not to report in its revenue staternent 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 is 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) Revenue included on Foran 990,part VIII,line 1 $ (it)Assets included in Form 990,Part X 2 If the organization received or held works of art,historical treasures,or other similar assets for financial gain,provide the following amounts required to be reported under SFA S 115 (ASC 958)relating to these items a Revenue included on Form 990,Part VIII,line 1 s in Assets included in Form 990,Part X 10$ For Paperwork Reduction Act Notice,see the Instructions for Form 990. Cat No 5 2283 D Schedule D(Form 990)2015 Schedule D (Form 990)2015 Page 2 i Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets ® yconGnuedd 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 F_ Loan or exchange programs b r Scholarly research e r Other c F_ Preservation for future generations 4 Provide a description of the crganization's collections and explain how they further the organization's 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? Yes No Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported 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 X7 F_Yes F_No b If"Yes," explain the arrangement in Part XIII and complete the following table Amount c Beginning balance lc d Additions during the year ld e Distributions during the year ie f Ending balance if 2a Did the organization include an amount on Form 990,Part X,line 21,for escrow or custodial account liability? rYes F_No b If"Yes," explain the arrangement in Part XIII Check here if the explanation has been provided in Part XIII . . . . . . . . ❑ Endowment Funds. Complete If the organization answered "Yes" to Form 990, Part IV, line 10. (a)Current year (b)Pnor year b(c)Two years back (d)Three years back (e)Fouryears back la Beginning ofyear balance 1, b Contributions c Net investment earnings,gains,and losses d Grants or scholarships e Other expenditures forfacilities and programs f Administrative expenses . . g End ofyear balance 2 Provide the estimated percentage of the current year end balance(line 1g,column (a))held as a Board designated or quasi-endowment 0- b b Permanent endowment► c Temporarily restricted endowment► The percentages on 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" on 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 Land, Buildings, and Equipment. Complete If the organization answered 'Yes' to Form 990, Part IV, line lla.See Form 990, Part X, line 10. Descnptionofproperty (a) Cost or other Accumulated (d)Bookvalue Cost or other basis (b)basis(other) (c)depreciation (investment) la Land , 736,863 736,863 b Buildings 13,231,063 1,638,019 11,593,044 c Leasehold improvements d Equipment . 44,381 40,994, 3,387 e Other . 8,752 _ 8,342 410 . . .. �. Total.Add lines la through le (Column (d)must equal Form 990,Part X,column(8),hne 10(c)) ► 12,333,704 Schedule D(Form 990) 2015 Schedule D(Form 990)2015 Page 3 Investments—Other Securities.Complete If the organization answered'Yes'on Form 990, Part IV,line llb. See Form 990. Part Xy Ilne 12. (a)Description of security or category i (b)Book value (c)Method ofvaluation (!ncuding name of security) i Cost or end-of-year market value (1)Financial derivatives .-� .. ... ma. . _._.�. (2)Closel y-held equity interests (3)O t her -.... ..... ._._._-- ,__....... ......... ....... ...a.... ,.,..... I . .m., ,�....�— .................... __.. ......,. ___............ ..,,.u.�__. .�..� ..I T�z t W.(Column(b)must equal Fomr 990,Part X,co!(8)line 12) � Investments—Program Related. Complete If the organization answered'Yes'on Form 990,Part IV,line 11c-See Form 990,. Part X, line 13. (a)Descr ation of investment (b)Book value (c)Method of valuation Cost or end-of-year market value ....,� a__.......... ....... . I _._......—..... Total.(Column(b)must equal Fomr 990,Part X,col(B)line 13) Other Assets.Com Clete if the ortanization answered'Yes'an Form 990,Part IV line Sid See For 990 Part X,lane 15 (a)Description (b)Book value (4) 10 t 2TY UNDER D-Vm1_0'PMENT 2,332,512 2;DEPOSITS; _ 8,173 ___.__.-...._ — �..,..,. .a.,,,w.�. `�__. ..... _._. ..... .. ......_ .......... Total.(Column(b)must equal Form 990,Part X col(B)line IS) ► 2,34 0,685 Other Liabilities.Complete If the organization answered Yes on Form 990,Part IV,line Ile or llf, See Form 990,Part X, line 25. 1• (a)Description ofliabilrty (b)Book value .... Federal income taxes SECURITY DEPOSITS j 81,966 DEFERRED GRANT REVENUE ............... I f Total.(Column(b)must equal Form 990,Part X,col(B)line 25) 81,966 2.Liability for uncertain tax positions In Part XIII,provide the text ofthe footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48(ASC 740) Check here ifthe text ofthe footnote has been provided in Part XIII r Schedule D(Form 990)2015 Ln 0 ru s 1Y CL G C � o L '0 O 0 LL _ L co .. L 7 M � C d ra40 41 c aJ 7 L _ O M N O u C a N d VI .Q o O a r0 Q 0 O. 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O U ` O ca Q > O N N N co � U 4-- O O (0 U 'O C C C � O a a-+ U CD N C L � � 0 L- C O w H -Q N � a) } N O CD N N a o a a) O c L 7 � ti 0) � T�! LO �.r T r ++ D1 I 01 O cv c cu o Q�{ W M T LO T M W M N T- T N T L.L Cr) J � 0 W Z U) O W ET LL W C _ O Ip L O H C _ QJ d d N G N N O L L P rUw m w O O L LL efile GRAPHIC riot- DO NOT PROCESS As Filed Data - DLN:93493095001166' Form99 Return of Organization Exempt From Income Tax k,)P,ri No 1545-0047 Under section 501(c),527,or 4947(a)(1)of the Internal Revenue Code(except private foundations) 1 Department ofthe Treasury ►Do not enter social security numbers on this form as it may be made public Internal Revenue Service P ►Information about Farm 990 and its instructions is at www.IRS.jov%form990 A For the 2014 calendar year,or tax year beginnin 10-01-2014 ,and endin 09-30-2015 _ 6 Check if applicable Name of organization D lamployms identification number NEIGHBORHOOD RENAISSANCE INC I®Add Bess change u 5-D'352279 Name change Doing business as (g mural retmu --- - •-- E Telephone number Final Number and street(or P 6 box if mail is not delivered to street address} Roarer"suite (�return/terrninated 510-24 STREET (561)832-6776 ..).r,......_. Atrrended returer ----city or town,state or provQnce,country,and ZIP or foreign postal Bode � [—Application pending P is WEST PALM BEACH,FL 33407 G Gross receipts 1,757,122 F Name and address of principal officer H a ( ) Is this a group return for CARLA FLICK subordinates? FYes I No 221 34TH STREET WEST PALM BEACH,FL 3348E H(b) Are all subordinates FYes I®No ,..m.- a Included? Lr Tax-exempt status F 501(c)(3) F 501(c) (Insert no I®4947(x)(1)or (®527 If"No,"attach a list (see Instructions) 3 Website:Iv- NIA _ w H(c) Group exemption number K Farm of organrzatron IT corporation F Trust F Association F Other 0, L Year of formation 1992 M11 State of lpas I domicile FL loan Summary 1 Briefly describe the orctamzation's mission or most significant activities COMMUNITY DEVELOPMENT ILI r 2 C heck this box f"lone organization-discontinued its operations or disposed of more than 25%of Its net assets yl 3 Number of voting members ofthe governing body(Dart VI,line 1a) . 3 10 y„ 4 Number ofindependentvoting members ofthe governing body(Part VI,line lb) . . . . 4 10 5 Total nurnber of individuals employed in calendar year 2014 (Part V,line 2a) . . . . . . 5- 6 5 Total number of volunteers(estimate if necessary) . 6 ITIT7 7a Total unrelated business revenue from Part VIII,column(C),line 12 . . . . . . 7a w 0 In Net unrelated business taxable income from Form 990-Tp line 34 . 7b ... .._.....,.. ....-..,__.... ...,._ Prior Year Current Year 8 Contributions and grants(Part VI 11,line Ih) . ..................589,69i' _.,..........m-- _.....,_._. - 4oC7,659 9 Prograrn service revenue(Part VIII,line 2g) , 255,163 230,747 10 investment Income(Part VIII,column(A),lines 3,4,and 7d) 467 123,623 11 Other revenue(Part VIII,column(A),lines 5,6d,8c,9c,10c,and Ile) 403,156 73,590 12 Total revenue—add lines 8 through 11 (must equal Part VIII,column(A),line 12) 1,248,417 888,619 13 Grants and similar amounts pa.d(Part IX,column(A),lines 1-3) 0 14 Benefits paid to orfor members(Part IX,column(A),line 4) . 0 15 Salaries,other compensation,employee benefits(Part IX,column(A),lines 404,893...,,,._ ._ 404,955 5-1D) 16a Professional fundraising fees(Part IX,column(A),line Ile) 0 ty In Total fund ralclnu expenses(Part IX,column{p),line 25} 0••• 6� 17 Cather expenses(PartlX,column(A),lines Ila-I1d,Ilf-24e) , 635_3 . 518,931 18 Total expenses Add lines 13-17(must equal Part IX,column(A),line 25) 1,040,828 923,886 19 Revenue less expenses Subtract line 18 from line 12 _. 207,589 W 35,267 .. _ .... ...m. .-m_. 31 Q, Beginning of Current End of Year 4 E Year 4 .. 20 Total assets(Part X,line 1€I) . . 15,174.... ,780 14,110,1064 .._ m 21 Total liabilities(Part X,line 26) . 2,044,931 1,480,702 .. .. ......_. a 22 Net assets or fund balances Subtract line 21 from line 20 . 13,129,849 13,029,462 °= Signature Block U nder penalties of penury,I declare that I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief,it is true,correct,and complete Declaration of preparer(other than officer)is based on all information of which preparer has any knowledge Sign S€gnature e f o ticor w.. Dote Here cARLFtJ PResareN Type or pont name and title -,..� ._..m .. ..m..�..,, Pant,/Type preparers namePreps Teras signature Date Check f-=cf RICHARD LKA 6(P%SN 'ELE5 --_. RICHARD LKARPELES 2615-04-04 Paid _.,......._... _........ Firm's name 10-FRIEDMAN FELDFIESSER R KARPELES CPA LIC Firm Ella N- Pre pare r Use Only Firrn's address X641€JNIVERSIFY BLVD STE 210 Phone no (561)622-9990 JUPITER,FL 33459 May the IRS discuss this return with the preparer shown above'(see instructions) FYes(�'�o .-...-.�...,..Act _..�. w. .............._... .....) For—Paperwork @2eductionPtotice,seethe:,.eparateinstruc2nons. Cat No 11282Y.... Form9C)(2D14) N � ai L z � w m F O a Z Z L L " LU 0w ffl Vl 0 p y w p - O } } L O Ip Z U- L L L E � " w c 0 O O Y u " m Q m u O , o F �n = • w � w U v O err u ' O L m Q. EE c w 0 > > • —_ 01 L m F O Q O L 7 L O J 7 W w y (O "n O > > E W w L YZ d u u m w - L w CL wCd L m O Y i U O m ;, Y 1!1 O- Q L a..i L O 0w " O O Y " C L O C C • U w 0 iZr C C L m L 0- c w 7 w > (V Q' Ot C L Q O E _ O >- ol N u t00o N j Z C C u t Y w L u F V {� O L • Y • mw C 1=i C C ea L " • m E C ® m m U Vi O C L O c a (� N O V .-i m lfl U p m w CD E C L co 0 L ,� Q w O _ " U m O_ Z O O co (hQ. U w O u p1= Q w O V O ',, C • L � w m U o m Ln CL m u E 7 w ^ w Q U c U o u V L w eL w O w L w i „�w u U L C O En N CD e O � U w - T 0H N C IA " E " c N " o c w u ar c Y c m " C '., " T U u O In �- N �-O N w m c Ln L 'n J1 d Jt c O �. w w O C w W d _ n a u NN OIo ++ y N " o a' L � x w w x x U� w " O " N m w 3 u m p m w w� w w w e L O - w w -c �n > a Z O v a w m w O c " u c u v cn w 1 X w rn z 'a rn w m w (1) N ® � O W 7 L N U w m p C Z)Ln u Cl W w 2: C O L C C N W m w Of > Y C L i O_ 0 0 Y O C In Ln D i w m c " a Z w � � w O m0' w m n p - w zQ � Q " E EW L E N L N O u C d J GD Y u U � " W O O w m w L N x Of LU U w w ❑ L LL "O +' w W O in o Z _ NL '-+ ❑ Y❑ 0 CL ai W CL Ua w wQ O❑ xr OV vOq H Form 990 (2014) Page 3 Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3)or4947(a)(1)(otherthan a private foundation)?If"Yes," Yes complete Schedule As . [—I- 2 Is the organization required to complete Schedule 8,Schedule of Contributors (see instructions)? . 2 No 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in apposition to No candidates for public office? If"Yes,"complete Schedule C,Part I . 3 4 Section 501(c)(3)organizations.Did the organization engage in lobbying activities,or have a section 501(h) No election in effect during the tax year?If"Yes,"complete Schedule C,Part II . . . 4 5 Is the organization a section 501(c)(4),501(c)(5),or501(c)(6)organization that receives membership dues, assess ments,orsimilaramounts as defined in Revenue Procedure 9 8-19 7 If"Yes,"complete Schedule C, Part III . 5 N o 6 Did the organization maintain any donor advised funds or any simi[arfurids or accounts forwhich donors have the right to provide advice on the distribution or investment ofamounts in such funds or accounts?If"Yes,"complete Schedule D,Part I . 6 N o 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 D,Part II . 7 No 8 Did the organization maintain collections ofworks of art,historical treasures,or other similar assets?If"Yes," complete Schedule D,Part III . 8 No 9 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 . 9 No 10 Did the organization,directly or through a related organization,hold assets in temporarily restricted endowments, 10 No permanent endowments,or quasi-endowments?If"Yes,"complete Schedule D,Part V . . 11 Ifthe organization's answer to any ofthe following questions is "Yes,"then complete Schedule D,Parts VI,VII, VIII,IX,or 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.19� . Ila Yes 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 167 If"Yes,"complete Schedule D,Part VII . Ilb No .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 167 If"Yes,"complete Schedule D,Part VIII . . . Slc No 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 167 If"Yes,"complete Schedule D,PartlXQffl . . . . . . . . lld Yes e Did the organization report an amount for other liabilities in Part X,line 257 If"Yes,"complete Schedule D,Part Au Ile Yes If Did the organization's separate or consolidated financial statements for the tax year include a footnote that llf No addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)7 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 191 . 12a Yes b Was the organization included in consolidated,independent audited financial statements for the tax year?If g2b No "Yes,"and if the organization answered'Wo"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)(11)?If"Yes,"complete Schedule E 13 No 14a Did the organization maintain an office,employees,or agents outside of the U nited States? . 14a No 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 . 14b No 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 15 No 16 Did the organization report on Part IX,column(A),line 3,more than$5,000 of aggregate grants or other assistance to or for foreign individuals?If"Yes,"complete Schedule F,Parts III and IV . 16 No 17 Did the organization report a total of more than$15,000 of expenses for professional fundraising services on Parti 17 No IX,column (A),lines 6 and lle?If"Yes,"complete Schedule G,Partl(see instructions) . . 18 Did the organization report more than$15,000 total offundraising event gross income and contributions on Part VIII,lines lc and Sa?If"Yes,"complete Schedule G,Part 11 . 18 No 19 Did the organization report more than$15,000 of gross income from gaming activities on Part VIII,line 9a?If 19 No "Yes,"complete Schedule G,Part III . . 20� Did the organization operate one or more hospital facilities?If"Yes,"complete Schedule H . 20a No If"Yes"to line 20a,did the organization attach a copy of its audited financial statements to this return? 20b Form 990(2014) Fu... 990 (2014) Page 4 Checklist of Required Schedules (continued) 21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or 21 No domestic government on Part IX,column (A),line 17 If"Yes,"complete Schedule 1,Parts 1 and 11 22 Did the organization report more than$5,000 of grants or other assistance to or for domestic individuals on Part 22 ry IX,column (A),line 2?If"Yes,"complete Schedule 1,Parts I and III . No 23 Did the organization answer"Yes"to Part VII,Section A,line 3,4,or 5 about compensation ofthe organization's current and former officers,directors,trustees,key employees,and highest compensated employees?If"Yes," 23 No complete Schedule J . . 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than$100,000 as ofthe last day ofthe year,that was issued after December 31,20021)If"Yes,"answer lines 24b through 24d and complete Schedule K.If"No,"go to line 25a . 24a No b Did the organization invest any proceeds oftax-exempt bonds beyond a temporary period exception? 24b c Did the organization maintain an escrowaccount otherthan a refunding escrow at any time during the year to defease any tax-exempt bonds? . 24c d Did the organization act as an"on behalf of issuer for bonds outstanding at any time during the year? . 24d 25a Section 501(c)(3),501(c)(4),and 501(c)(29)organizations.Did the organization engage in an excess benefit transaction with a disqualified person during the year?If"Yes,"complete Schedule L,Part . 25a No b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year,and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?If 25b No "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? 26 No If"Yes,"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 27 No member of any of these persons?If"Yes,"complete Schedule L,Part III . . Was the organization a party to a business transaction with one ofthe 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 . 28a No b A family member of a current or former officer,director,trustee,or key employee?If"Yes," complete Schedule L,Part IV . 28b N o c An entity ofwhich a current or former officer,director,trustee,or key employee (ora family member thereof)was an officer,director,trustee,or direct or indirect owner?If"Yes,"complete Schedule L,Part IV . 28c No 29 Did the organization receive more than$25,000 in non-cash contributions?If"Yes,"complete Schedule M 29 No 30 Did the organization receive contributions of art,historical treasures,or other similar assets,or qualified conservation contributions? If"Yes,"complete Schedule M . 30 No 31 Did the organization liquidate,terminate,or dissolve and cease operations?If"Yes,"complete Schedule N, Part I . 31 No 32 Did the organization sell,exchange,dispose of,or transfer more than 25% of its net assets?If"Yes,"complete Schedule N,Part II . 32 N o 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,PartI . 33 No 34 Was the organization related to any tax-exempt or taxable entity? If"Yes,"complete Schedule R,Part ll,III,or IV, and Part V,line 1 . :34TN o 35a Did the organization have a controlled entity within the meaning of sec tion 512(b)(13)? 3N o b If'Yes'to Ie 35a,did the organization receive any payment from or engage in any transaction with a controlled W entity within the meaning of section 512(b)(13)?If"Yes,"complete Schedule R,Part V.line . 35b No 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 . 36 37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?If"Yes,"complete Schedule R,Part V7 37 No 38 Did the organization complete Schedule O and provide explanations in Schedule O for Part VI,lines l lb and 19? Note.All Form 990 filers are required to complete Schedule O 38 Yes Form 990(2014) Form 990 (2014) Page 5 Statements Regarding ()they IRS Filings and Tax Compliance Check if Schedule O contains a resgonse or note to ank line in this Part V . . .F Yes No la Enterthe number reported in Box 3 of Form 1096 Enter-0- if not applicable la 0 b Enterthe number of Forms W-2G included in line la Enter-0- if not applicable Sb 0 Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling)winnings to prize winners? . is Yes 2a Enterthe number of employees reported on Form W-3,Transmittal of Wage and Tax Statements,filed for the calendar year ending with orwithin the yearcovered by this return . L2,1] 6 b If at least one is reported on line 2a,did the organization file all required federal employment tax returns? Note.If the sum of lines la and 2a is greaterthan 250,you may be required to a-file (see instructions) 2b Yes 3a Didthe organization have unrelated business gross income of$1,000 ormore during the year? . 3a No b If"Yes,"has rt filed a Form 990-T forthis year?If"No"to line 3b,provide an explanation in Schedule O . 3b 4a 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)? . 4a No b If"Yes," enter the name of the foreign country lw See instructions for filing requirements for FinCEN Form 114,Report of Foreign Bank and Financial Accounts (FBA R) Sa Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? Sa No b Did any taxable party notify the organization that it was oris a party to a prohibited tax shelter transaction? 5b No c If"Yes," to line 5a or 5b,did the organization file Form 8886-T? . . . Sc 6a Does the organization have annual grass receipts that are normally greater than$100,000,and did the 6a No 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? . . . . . 6b 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 7a No services provided to the payor? . . . . . . b If"Yes," did the organization notify the donor ofthe value ofthe goods or services provided? 7b c Did the organization sell,exchange,or otherwise dispose of tangible personal property for which it was required to file Form 8282? . L. 7c No d If"Yes," indicate the number of Forms 8 28 2 filed during the year . 7d I e Did the organization receive any funds,directly or indirectly,to pay premiums on a personal benefit contract? . . . . . . . . . 7e No f Did the organization,during the year,pay premiums,directly or indirectly,on a personal benefit contract? 7f No g If the organization received a contribution of qualified intellectual property,did the organization file Form 8899 as required? . 7g h If the organization received a contribution of cars,boats,airplanes,or other vehicles,did the organization file a Form 1098-C? . 7h 8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? . g No 9a Did the sponsoring organization make any taxable distributions under section 496672 . 9a No b Did the sponsoring organization make a distribution to a donor,donor advisor,or related person? 9b No 10 Section 501(c)(7)organizations.Enter a Initiation fees and capital contributions included on Part VIII,line 1210a b Gross receipts,included on Form 990,Part VIII,line 12,for public use of club lob facilities 11 Section 501(c)(12)organizations.Enter a Gross income from members or shareholders . Ila b Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them ) . [llb 12a Section 4947(x)(1)non-exempt charitable trusts.Is the organization filing Form 990 in lieu of Form 1041? 12a b If"Yes," enter the amount of tax-exempt interest received or accrued during the 12b year 13 Section 501(c)(29)qualified nonprofit health insurance issuers. Is the organization licensed to issue qualified health plans in more than one state? 13a Note.See the instructions for additional information the organization must report on Schedule O 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 . N13c c Enterthe amount of reserves on hand 14a Did the organization receive any payments for indoor tanning services during the tax year? 14. No b If"Yes," has it filed a Form 720 to report these payments?If"No,"provide an explanation in Schedule 0 Form 990(2014) Form 990 (2014) Page 6 ° Governance, Management, and Disclosure For each "Yes"response to lines 2 through A below, and for a "No"response to lines Ba, 8b, or 1O below, describe the circumstances, processes, or changes in Schedule O. See instructions. Check if Schedule O contains a response or note to any line in this Part VI . r ction A Governing Body and Management Yes _.. No la Enter the number of voting members ofthe governing body at the end of the tax is 10 year . . . . . . . . . . . . . . . . . . . . Ifthere are material differences in voting rights among members ofthe governing body,or ifthe governing body delegated broad authority to an executive committee or similar committee,explain in Schedule O b Enter the number of voting members included in line la,above,who are independent . lb 10 2 Did any officer,director,trustee,or key employee have a family relationship ora business relationship with any other officer,director,trustee,or key employee? . 2 No 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? 3 No 4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? . 4 No 5 Did the organization become aware during the year ofa significant diversion ofthe organization's assets? 5 No 6 Did the organization have members or stockholders? . 6 No 7a Did the organization have members,stockholders,or other persons who had the powerto elect orappoint one or more members ofthe governing body? . 7a Yes b Are any governance decisions ofthe organization reserved to (or subject to approval by)members,stockholders, 7b No 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 a The governing body? . Sa Yes b Each committee with authority to act on behalfofthe governing body? . 8b Yes 9 Is there any officer,director,trustee,or key employee listed in PartVII,Section A,who cannot be reached at the organization's mailing address?If"Yes,"provide the names and addresses in Schedule . 9 No Section B. Policies ;This Section B requests information about policies not required b the Internal Revenue Code.i Yes No Did the organization have local chapters,branches,or affiliates? 10a No 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? lob Ila Has the organization provided a complete copy ofthis Form 990 to all members of its governing body before filing the form? . Ila Yes b Describe in Schedule O the process,if any,used by the organization to reviewthis Farm 990 . 12a Did the organization have a written conflict of interest policy?If%Vo,"go to line 13 . 12a Yes b Were officers,directors,or trustees,and key employees required to disclose annually interests that could give rise to conflicts? . 126 Yes c Did the organization regularly and consistently monitor and enforce compliance with the policy?If"Yes,"describe in Schedule O how this was done . 12c Yes 13 Did the organization have a written whistleblower policy? . 13 No 14 Did the organization have a written document retention and destruction policy? . 14 Yes 15 Did the process for determining compensation ofthe following persons include a review and approval by independent persons,comparability data,and contemporaneous substantiation ofthe deliberation and decision? a The organization's CEO,Executive Director,or top management official . 15a Yes b Other officers or key employees ofthe organization . 15b Yes If"Yes" to line 15a or 15b,describe the process in Schedule O (see instructions) 16a Did the organization invest in,contribute assets to,or participate in a Joint venture or similar arrangement with a taxable entity during the year? . 16a Yes b 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 exempt status with respect to such arrangements? . 16b Yes Section C. Disclosure 17 List the States with which a copy of this Form 990 is required to be filedIN-FL 18 Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable),990,and 990-T (501(c) (3)s only)available for public inspection Indicate howyou made these available Check all that apply F Own website r Another's website r U pon request r Other(explain in Schedule O) Describe in Schedule O whether(and ifso,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,address,and telephone number ofthe person who possesses the organization's books and records ►TERRI MURRAY 510-24TH STREET SUITE A WEST PALM BEACH,FL 33407 (561)832-6776 Form 990(20i4) Form 990 (20;.4) Page 7 Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check if Schedule 0 contains a response ornote to any line in this PartVII . . . r section A. Officers Directors Trustees Key Employees and Hi hest Cam ensated Em to ees la Complete this table forall persons required to be listed Report compensation forthe calendar year ending with orwithin the organization's tax year i List all ofthe 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 4�List all ofthe organization's current key employees,if any See instructions for definition of"key employee " 4 List the organization's five current highest compensated employees (other than an officer,director,trustee or key employee) who received reportable 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 ofthe organization's formerofficers,key employees,orhighest compensated employees who received more than$100,000 of reportable compensation from the organization and any related organizations 6 List all ofthe organization's former directors or trustees that received,in the capacity as a former director or trustee ofthe 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 r 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 Position (do not check Reportable Reportable Estimated hours per more than one box,unless compensation compensation amount of week (list person is both an officer from the from related other any hours and a director/trustee) organization organizations compensation for related G — m= :-n W- 2 1099- ( / (W- 2/1099- from the organizations =(5 g MISC) MISC) organization belows m_ 0 0 ti' and related dotted line) organizations 'D co D M a & v c (1) ULIE HYATT 200 ........................................................................ ....................... X 0 0 0 VICE PRESIDENT (2)SANDRA CORRIGAN 2 00 ........................................................................ X 0 0 0 DIRECTOR (3) LYNN SOLOMON 2 00 ......... ........ ......... ......... ................ �.. X 0 0 0 DIRECTOR (4) LOVETTA HARM0N 200 - DIRECTOR (5)JEAN BAYOL 2 00 ........................................................................ ....................... X 0 0 0 DIRECTOR (6) CARL A FLICK 200 ................................................................. ..... X 0 0 0 PRESIDENT (7) BETTE ANNE STARKEY 2 00 ........................................................................ .......... X 0 0 0 SECRETARY (8)JOEY EICHNER 2 00 _ — ........................................................................ ....................... X 0 0....... 0 TREASURER (9) ROMIN CURRIER 2 00 ........................................................................ ....................... x X 0 0 0 DIRECTOR (10)TERRI MURRAY 40 00 ................................................................. ..... ... X 86,520 0 0 EXECUTIVE DIRECTOR Form 990(2014) Form 990 (2014) Page 8 Section A. Officers, Directors,Trustees, Key Employees,and Highest Compensated Employees(continued) (A) (g) (C) (D) _ (E) (F) Name and Title Average Position(do not check Reportable Reportable Estimated hours per more than one box,unless compensation compensation amount of other week(list person is both an officer from the from related compensation any hours and a director/trustee) organization(W- organizations (W- from the for related _ >7 = -n 2/1099-MISC) 2/1099-MISC) organization and organizations cL o related belowa 5 m o m 3 organizations dotted line) c = '9 fD O Q O 0 M s, m lb Sub-Total M' c Total from continuation sheets to Part VII Section A w d Total(add lines lb and lc) . M 86,520 2 Total number of individuals (including but not limited to those listed above)who received more than $100,000 of reportable compensation from the organization■ Yes No 3 Did the organization list any former officer,director or trustee,key employee,or highest compensated employee +— on line 1a?If"Yes,"complete Schedule7forsuchindividual . 3 No 4 For any individual listed on line 1a,is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,0007 If"Yes,"complete ScheduleJforsuch individual . 4 No 5 Did any person listed on line la receive or accrue compensation from any unrelated organization or individual for services rendered to the organizationP If"Yes,"complete Schedule]forsuch person . 5 No Section B. Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than$100,000 of compensation from the organization Report compensation for the calendar year ending with or within the organization's tax year (A) (B) (c) Name and business address Description of services Compensation Rm otal number of independent contractors (including but not limited to those listed above)who received more than 4100,000 ofcompensation from the organization lb- Form 990(2014) Form 990 (2014) Page 9 �_ Statementof Revenue Check If Schedule 0 contains a response ornote toany line In this Part VIII (— (A) (6) (c) (®) Total revenue Related or Unrelated Revenue exempt business excluded from function revenue tax under revenue sections 512-514 is Federated campaigns la = 3 b Membership dues . lb (3' r c Fundraising events . . lc d Related organizations . id a Government grants(contributions) le vi I O f All other contributions,gifts,grants,and 1f 460,659 similar amounts not included above — r g Noncash contributions included in lines d la-1f$ C � (? h Total.Add lines la-lf . . . . . . . 460,659 1p- Business Code 2a PROGRAM SERVICE FEES I 531390 230,747 a b 4 C Ci d e E .�,®.�........ f All other program service revenue d .......... g Total.Add lines 2a-2f . . . ■ 230,747 L. �. 3 Investment income(Including dividends,Interest, and other similar amounts) . _ _ 1► 3,165.. 4 Income from investment of tax-exempt bond proceeds ► g 5 Royalties . M' (i)Real (n)Personal 6a Gross rents 942,093 b Less rental 868,503 expenses C Rental Income 73,590 or(loss) ....,...,...(o d Net rental income or(loss) .. 73,590 73,590 (i)Securities (n)Other 7a Gross amount r from sales of 120,458 assets other than Inventory s b Less cost or other basis and sales expenses C Gain or(loss) 120,458 d Net gain or(loss) M. 120,458 120,458 Sa Gross Income from fundraising I CD events(not including i 3 ofcontributions reported on line lc) See Part IV,line 18 a j Sb Less direct expenses . b' c Net income or(loss)from fundraising events f 9a Gross income from gaming activities See Part IV,line 19 . . a b Less direct expenses . b c Net income or(loss)from gaming activities M. 10a Gross sales of inventory,less returns and allowances a b Less cost of goods sold . b c Net income or(loss)from sales of inventory Do. Miscellaneous Revenue Business Code Ila --- c d All other revenue e Total.Add lines Sla-lld . ■ 12 Total revenue.See Instructions ■ 888,619'. 427,9601 _ Form 990(2014) Form 990 (2014) Page 10 Statement of Functional Expenses Section 501(c)(3)and 501(c)(4)organizations must complete all columns All other organizations must complete column(A) Check if Schedule O contains a resrjonse or note to any line in this Part IX . , L,-,got include amounts reported on lines 6b, (A) (B (D) 7b,8b,9b,and lOb of Part VI%%. Total expenses Program service Management and Fundraising gener expenses al expenses expenses .... 1 Grants and other assistance to domestic organizations and domestic governments See Part IV,line 21 . . 2 Grants and other assistance to domestic individuals See Part IV,line 22 . . 3 Grants and other assistance to foreign organizations,foreign governments,and foreign individuals See Part IV,lines 15 and 16 . . 4 Benefits pard to or for members . 5 Compensation of current officers,directors,trustees,and key employees 86,520 77,868 8,652 0 6 Compensation not included above,to disqualified persons (as defined under section 4958(f)(1))and persons described in section 4958(c)(3)(B) . . - 7 Other salaries and wages 291,411 262,270 29,141 0 8 Pension plan accruals and contributions (include section 401(k) and 403(b)employer contributions) 9 Other employee benefits . . 10 Payroll taxes 27,024 24,322 2,702 0 11 Fees for services (non-employees) a Management . . b Legal . . c Accounting d Lobbying . . ___.. e Professional fundraising services See Part IV,line 17 Investment management fees . g Other(If line 11g amount exceeds 10% of line 25,column (A) _ amount,list line 11g expenses on Schedule O) 12 Advertising and promotion . . 13 Office expenses . . 14 Information technology . 15 Royalties . . 16 Occupancy . 38,090 34,261 3,809 0 17 Travel 7,943 7,149 794 0 18 Payments of travel or entertainment expenses for any federal, state,or local public officials . . 19 Conferences,conventions,and meetings . . 20 Interest . 10,0899,080 1,009, 0 21 Payments to affiliates . 22 Depreciation,depletion,and amortization 401,287 361,158 40,129 0 23 Insurance . 12,266 11,039 1,227 0 24 Other expenses Itemize expenses not covered above(List miscellaneous expenses in line 24e If line 24e amount exceeds 10% of line 25,column (A)amount,list line 24e expenses on Schedule O ) a ADVERTISING&MARKETING 889 800 89 0 b LICENSES&FEES 1,841 1,657 184 0 ..... .... c EQUIPMENT RENTAL 384 346 38 0 d OFFICE EXPENSES 24,847 ' 22,362 2,485 0 e All other expenses 21,295 3,417 17,878 0 25 Total functional expenses.Add lines 1 through 24e 923,886 815,749 108,137 0 21 Joint costs.Complete this line only if the organization _ reported in column (B)joint costs from a combined educational campaign and fundraising solicitation Check here ►- r iffollowing SOP 98-2 (ASC 958-720) Form 990(2014) Farm 990 (2014) Page 11 Balance Sheet Check if Schedule O contains a response or note to any line in this Part X _. (A) — (B) Beginning of year End of year 1 Cash-non-interest-bearing . 1,122,058 1 1,128,309 2 Savings and temporary cash investments . 2 3 Pledges and grants receivable,net . 3 106,099 4 Accounts receivable,net . 14,164 4 2,895 5 Loans and other receivables from current and former officers,directors,trustees,key employees,and highest compensated employees Complete Part II of Schedule L . . 5 6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)),persons described in section 4958(c)(3)(B),and contributing employers and sponsoring organizations ofsection 501(c)(9)voluntary employees' beneficiary organizations (see instructions)Complete Part II of Schedule L r qi 6 v6 7 Notes and loans receivable,net . . . . . . . . . 7 Q 8 Inventories for sale or use . 8 9 Prepaid expenses and deferred charges . 126,877 9 147,245 10a Land,buildings,and equipment cost or other basis Complete Part VI of Schedule D 10a 14,313,554 b Less accumulated depreciation . 10b 1,390,480 13,326,127 10c 12,923,074 11 Investments—publicly traded securities . . . 11 12 Investments—other securities See Part IV,line 11 . 12 13 Investments—program-related See Part IV,line 11 . 13 14 Intangible assets . 14 15 Other assets See Part IV,line 11 . . 585,554 15 202,482 16 Total assets.Add lines 1 through 15 (must equal line 34) , . 15,174,780, 16 14,510,104 17 Accounts payable and accrued expenses . 87,586 17 94,442 18 Grants payable . . . . . . . . . . . . . . . . . 18 19 Deferred revenue . 19 20 Tax-exempt bond liabilities 20 ,f 21 Escrow or custodial account liability Complete Part IV of Schedule D 21 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 . 22 -� 23 Secured mortgages and notes payable to unrelated third parties 23 24 Unsecured notes and loans payable to unrelated third parties 1,450951 24 1,279,524 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 D . 506,394 25 106,736 26 Total liabilities.Add lines 17 through 25 . 2,044,931 26 1,480,702 r Organizations that follow SFAS 117(ASC 958),check here► F and complete lines 27 through 29,and lines 33 and 34. C 27 Unrestricted net assets 13,129,849' 27 M 13,029,402 C3 28 Temporarily restricted net assets 28 IM ti 29 Permanently restricted net assets 29 iy Organizations that do not follow SFAS 117(ASC 958),check here I► r and complete lines 30 through 34. 4 30 Capital stock or trust principal,or current funds 30 31 Paid-in or capital surplus,or land,building or equipment fund 31 32 Retained earnings,endowment,accumulated income,or other funds 32 `@ 33 Total net assets or fund balances 13,129,849 33 1 13,029,402 34 Total liabilities and net assets/fund balances 15,174,780 34 14,510,104 Form 990(2014) T4 L .4 as �D v m a v N O O N O r-I v 1 ® O ri of co M Ln O) In m l— z z p m co NN M N l0 N M M 0 U) __.U1 ((71 it N } N al aJ } } } E „.....w __ _.. O LL N N N {q m = a) O Y rl N O o L Y m L C aJ N — L Q O1 Y aJaj V) N L m C +L' +' L _ O • C L m > M1 Q Ly O O C O y X L L m O al m 4 u • N O. i N aJ N C al =3 to 7 _ 7 VI • c aJ = E m � y • — _ 70 O -0 7 -0 U X m C o1 u y y N U m L m y 1/1 aJ ' Q • . 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C Or O U L N f70 L !n C m 7 7 Vl D. _ = E T aJ U a L U N L y N L m +.' n 01 C N N ++ N E E o o aJ v L v� o m c y o +' m — (n m L t N � 7 '�- C m N LL u-. aJ (Ij C a1 N fa L Oi M U Vl L o o N E `° v L o o E 3 L �' E 3 ' m = > o y cn v m T m O a) tn _ C m m Q N U C C a1 m o ro U) y O y am-I N y i _� C of L Q O = }! �--i .X-. — 01 C +' C U Vl C +' a.m.. m VI O amr m O O m y aJ = 7 C }� m m a1 N V m In U1 U L In aJ L UJ m c —ul a v C c on E — a = — o y C L J m Z o m y o ao o y o LJ N m E o m c o aJ — s 3 7 =C,: c 0 m a y m w m u a y U m U u U U, o ® Q 0 m3 ut o y(U w w O o L ° o L o c v a V =o 0 C m U) u En N (U u �w aJ — aJ = 3 -o = 3 ui ,� w 3 m ® Q aJ N O 7 yNa 0 7 w � v O O O y m c- 4, m N dJ _ m y N — - C m — •W -0 to m N m (n !n aJ N — — U1 N N m In m y m aJ 7 L C C C .fl m L Q m m O C y L n 7 a=i c fa Ln E c u -0 u +oa x u w o x -0 Ln o f u ALJ w of� •V E E O. 7 O1 N Q 7 C 7 V L_ O N .fl N NOC v m O m C N a) •` V `—' x •O VI C w N m = m N C m U m O �' m U L O ® .Y j N N m i aJ m W O U E N m m N m Y - a) C N w Q y Y v V m = v m N (V = � = w C aJ m = O a m � m m in m o aJ = Yy L a1 — �'' m fn W O m y m L C m O L aJ L O L = L y — m O — 7 o U aa) x m w aj _0 E aJ s aJ .. LL U o' aJ d u o n m u o a ', ai rn v m 7 m 7 U Ul C L -.'o In C y N a L UI = _... 7 O y Ln m N Y VI u aJ N �- O aJ Q N aJ m m v m m aJ L v m = o L aJ LJ m N L v UI N } '� L aJ m a1 } 7 p y y > y y C O -C y U L } �r O O aJ al al O C L a-' aJ O U Y U al ut L aJ } L �- �y-- N C H Z Z D Q O z u Q UJ m � m In Q to L o . w N M 6(1 l® I, CO Of � .m N '� V M O erile GRAPHYC rint- DO NOT PROCESS As Filed Data - DLN: 93493095001166 SCHEDULE A Public Charity Status and Public Support M3 No 15 (Form 990 or 990F1) Complete if the organization is a section 501(c)(3)organization or a section 4947(a)(1) nonexempt charitable trust. 1 45-0047 Department of the 1101,Attach to Form 990 or Form 990-EZ. ® ' 4 Treasury t►Information about Schedule A (Forth 990 or 990-EZ)and its instructions is at Internal Revenue Service www.irs.cjov/form990. Name of the organization Employer identification number NEIGHBORHOOD RENAISSANCE INC 65-0352279 Reason for Public Charity StatusAll organizations must complete thispart.) See Instructions. - .. The organization Is not a private foundation because Itis (For lines 1 through 11,check only one box ) 1 (— A church,convention of churches,or association of churches described in section 170(b)(1)(A)(i). 2 F_ A school described in section 170(b)(1)(A)(ii).(Attach Schedule E ) 3 F_ A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii). 4 F 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 (— A federal,state,or local government or governmental unit described in section 170(b)(1)(A)(v). 7 r An organization that normally receives a substantial part of Its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi).(Complete Part II ) 8 r A community trust described in section 170(b)(1)(A)(vi) (Complete Part II ) 9 (— An organization that normally receives (1)more than 331/3% 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 331/3% 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 III ) fir F_ An organization organized and operated exclusively to test for public safety See section 509(a)(4). } F_ An organization organized and operated exclusively forthe 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 In lines Ila through 11d that describes the type of supporting organization and complete lines Ile,11f,and 1I a r Type I.A supporting organization operated,supervised,or controlled by Its supported organization(s),typically by giving the supported organization(s)the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization You must complete Part IV,Sections A and B. b r Type II.A supporting organization supervised or controlled in connection with Its supported organization(s),by having control or management of the supporting organization vested In the same persons that control or manage the supported organization(s) You must complete Part IV,Sections A and C. c r Type III functionally integrated.A supporting organization operated in connection with,and functionally Integrated with,Its supported organization(s)(see Instructions) You must complete Part IV,Sections A,D,and E. d F_ Type III non-functionally integrated.A supporting organization operated In connection with Its supported organization(s)that Is not functionally Integrated The organization generally must satisfy a distribution requirement and an attentiveness requirement (see Instructions) You must complete Part IV,Sections A and D,and Part V. e r Check this box If the organization received a written determination from the IRS that it Is a Type I,Type II,Type III functionally Integrated,or Type III non-functionally Integrated supporting organization f Enter the number of supported organizations . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Provide the following Information about the supported organization(s) — r Name of supported ( ) g (v)Amount of (vi)Amount of (-) pported (ii)EIN (iii)Type of ry Is the organization organization organization listed In yourgoverning monetary support other support(see (described on lines document? (see Instructions) Instructions) 1-9 above or IRC section(see Instructions)) Yes No _ Total ... ...._ .........,. _....., For Paperwork Reduction Act Notice,see the Instructions for Form 990 or 990EZ. Cat No 11285F ScheduleA(Form 990or 990-EZ)2014 S' jule A (Form 990 or 990-EZ)2014 Page 2 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 faded to qualify under Part III. If the organization falls to_qualify under the tests listed below, Please complete Part III Section A. Public Support Calendar year(or fiscal year beginning in)P, (a) 2010 (b)2011 (c) 2012 (d)2013 (e) 2014 (f)Total 1 Gifts,grants,contributions,and membership fees received (Do not 2,127,514 8,090,153 5,266,896 689,691 460,659 16,634,913 include any "unusual grants ") 2 Tax revenues levied for the organization's benefit and either paid to or 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 1 through 3 2,127,514 8,090,153 5,266,896 689,691 460,659 16,634,913 5 The portion oftotal contributions by each person (otherthan a governmental unit or publicly supported organization)included on line 1 that exceeds 2% ofthe amount shown on line 11,column (f) _ _ .I 6 Public support.Subtract line 5 from 16,634,913 line 4 Section B. Total Support Calendar year(or fiscal year 3....... beginning in)10* (a)2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f)Total 7 Amounts from line 4 2,127,514 8,090,153.. 5,266,896 689,691 460,659 16,634,913 _._._.._._.— M.M.M.. ,.....:... 8 Gross income from interest, - � dividends,payments received on .ecurltles loans,rents,royalties 144,046 169,625 1,635,230' 905,011 945,258 3,799,170 and income from similar sources 9 Net income from unrelated business activities,whether or not the business is regularly carried on 10 Other income Do not include gain or loss from the sale of capital assets (Explain in Part VI ) it Total support Add lines 7 through 10 20,434,083 12 Gross receipts from related activities,etc (see instructions) 12 13 First five years.Ifthe Form 990 is forthe organization's first,second,third,fourth,or fifth tax year as a section 501(c)(3) organization,check this box and stop here . .►F Section C. Computation of Public Su ort Percents e 14 Public support percentage for 2014 (line 6,column(f)divided by line 11,column (f)) 14 81 410 15 Public support percentage for 2013 Schedule A,Part II,line 14 E15:1--SE-05--0 16a 33 1/3%support test-2014.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 0-F b 33 1/3%support test-2013.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 organization pr 17a 100/6-facts-and-circumstances test-2014.Ifthe organization did not check a box on line 13,16a,or 16b,and line 14 is 10% or more,and ifthe organization meets the "facts-and-circumstances" test,check this box and stop here.Explain in Part VI howthe organization meets the"facts-and-circumstances"test The organization qualifies as a publicly supported organization �r b 10%-facts-and-circumstances test—2013.Ifthe organization did not check a box on line 13,16a,161b,or 17a,and line 15 is 10% or more,and if the organization meets the "facts-and-circumstances"test,check this box and stop here. Explain in Part VI how the organization 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 on line 13, 16a,16b,17a,or 17b,check this box and see instructions ►F Schedule A(Fors 990 or 990-EZ)2014 Schedule A (Form 990 or 990-EZ)2014 Page 3 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 organrzation falls to qualify under the tests listed below,. please comtflete Part II.),- ction A. Public Support ndar year(or fiscal year beginning (a)2010 (b) 2011 (c)2012 (d)2013 (e)2014 (f)Total in)► 1 Gifts,grants,contributions,and membership fees received (Do not include any"unusual grants ") 2 Gross receipts from admissions, _ merchandise sold or services performed,orfacilities furnished in any activity that is related to the organization's tax-exempt purpose 3 Gross receipts from activities that are not an unrelated trade or business under section 513 4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf 5 The value ofservices 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 persons b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greaterof$5,000 or 1% ofthe amount on line 13 for the year c Add lines 7a and 7b ..__. g Public support(Subtract line 7c from line 6 0 ction B. Total Support adar year(or fiscal year beginning (a)2010 (b) 2011 (c) 2012 (d)2013 (e) 2014 Total in)Ili, (f) 9 Amounts from line 6 10a Gross income from interest, dividends,payments received on securities loans,rents,royalties and income from similar sources b Unrelated business taxable income(less section 511 taxes) from businesses acquired after June 30, 1975 c Add lines 10a and lob 11 Net income from unrelated business activities not included in line 10b,whether or not the business is regularly carried on 12 Other income Do not include gain or loss from the sale of capital assets (Explain in Part VI ) 13 Total support.(Add lines 9, 1Oc, 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, check this box and stop here �r Section C. Computation of Public Support percentage _. ........ 15 Public support percentage for 2014 (line 8,column (f)divided by line 13,column(f)) 15 0 O/C 16 Public support percentage from 2013 Schedule A,Part III,line 15 16 Section D Computation of Investment Income Percentage 17 Investment income percentage for 2014(line 10c,column (f)divided by line 13,column(f)) '.. 18 0 %IS Investment income percentage from 2013 Schedule A,Part III,line 17 1' 33 1/3%support tests-2014.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 ►r 331/30/osupport tests-2013.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 11-F 20 Private foundation.If the organization did not check a box on line 14,19a,or 19b,check this box and see instructions ►(— Schedule A(Form 990 or 990-EZ)2014 Schedule A (Form 990 or 990-EZ)2014 Page 4 Supporting Organizations (Complete only if you checked a box on line 11 of Part I If you checked lla of PartI,complete Sections A and B If you checked 11b of Part I,complete Sections A and C If you checked llc of Part I,complete Sections A,D,and E If you checked ild of Part I complete Sections A and D,and com)lete Part V Section A All Sulaporting Organizations _.. Yes No 1 Are all ofthe organization's supported organizations listed by name in the organization's governing documents? If"No,"describe in Part VI how the supported organizations are designated.If designated by class or purpose, describe the designation.If historic and continuing relationship,explain. 1 2 Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1)or(2)?If"Yes,"explain in Part V%how theorganization determined that thesupported organization was described in section 509(a)(1)or(2). 2 3a Did the organization have a supported organization described m section 501(c)(4),(5),or(6)?If"Yes,"answer (b)and(c)below. 3a b Did the organization confirm that each supported organization qualified under section 501(c)(4),(5),or(6)and satisfied the public support tests under section 509(a)(2)?If"Yes,"describe in Part V%when and how the organization made the determination. 3b c Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If"Yes,"explain in Part VI what controls the organization put in place to ensure such use. 3c 4a Was any supported organization not organized in the United States ("foreign supported organization")?If"Yes" and if you choked 11a or 11b in PartI,answer(b)and(c)below. 4a b Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If"Yes,"describe in Part VI how the organization had such control and discretion despite 413 being controlled orsupervised by orin connection with its supported organizations. c Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3)and 509(a)(1)or(2))If"Yes,"explain in Part VI what controls theorgamzation used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(8)purposes. 5a Did the organization add,substitute,or remove any supported organizations during the tax year?If"Yes,"answer (b)and(c)below(if applicable).Also,provide detail in Part VI,including 0)the names and EIN numbers of the supported organizations added,substituted,or removed,(ii)the reasons for each such action,(iii)the authority under the organization's organizing document authorizing such action,and(iv)how the action was accomplished(such as by amendment to the organizing document). 5a Type I or Type II only.Was any added or substituted supported organization part of a class already designated in the organization's organizing document? 5b c Substitutions only.Was the substitution the result of an event beyond the organization's control? Sc 6 Did the organization provide support(whether in the form of grants or the provision ofservices orfacilities)to anyone otherthan (a)its supported organizations, (b)individuals that are part ofthe charitable class benefited by one or more of its supported organizations, or(c)othersupporting organizations that also support or benefit one or more ofthe filing organization's supported organizations?If"Yes,"provide detail in Part V1. 6 7 Did the organization provide a grant,loan,compensation,or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)),a family member ofa substantial contributor,ora 35-percent controlled entity with regard to a substantial contributor?If"Yes,"complete Part I ofScheduleL(Form 990). 7 8 Did the organization make a loan to a disqualified person (as defined in section 4958)not described in line 7?If "Yes,"complete Part II of Schedule L(Form 990). 8 9a Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509 (a)(1)or(2))? If"Yes,"prowdedetail in Part V1. 9a b Did one or more disqualified persons (as defined in line 9(a))hold a controlling interest in any entity in which the supporting organization had an interest?If"Yes,"provide detail in Part VI. 913 c Did a disqualified person (as defined in line 9(a))have an ownership interest in,or derive any personal benefit from,assets in which the supporting organization also had an interest? If"Yes,"provide detail in Part V1. 9c 10a Was the organization subject to the excess business holdings rules of IRC 4 94 3 because of IRC 4943(f) (regarding certain Type II supporting organizations,and all Type III non-functionally integrated supporting organizations)?If"Yes,"answerb below. 10a b Did the organization have any excess business holdings in the tax year? (Use Schedule C,Form 4720,todetermine whether the organization had excess business holdings). 10b 11 Has the organization accepted a gift or contribution from any of the following persons? a A person who directly or indirectly controls,either alone or together with persons described in (b)and (c)below, the governing body ofa supported organization? lla A family member of a person described in (a)above? 1113 A 35% controlled entity ofa person described in(a)or(b)above?If"Yes"toa,b,arc,providedetail in Part VI. 11c Schedule A(Form 990 or 990-EZ) 2014 Scf edule A (Form 990 or 990-EZ)2014 Page 5 "y SupportingOrganizations (continued) Section B. Type % Suorten Organizations Yes No 1 Did the directors,trustees,or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organzation's directors or trustees at all times during the tax year?If "No,"describe in Part VI how the supported organization(s)effectively operated,supervised,or controlled the organization's activities.If the organization had more than one supported organization,describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions,if any,applied to such powers during the tax year. 1 2 Did the organization operate for the benefit of any supported organization other than the supported organization(s)', that operated,supervised,or controlled the supporting organization? If"Yes,"explain in Part V%how providing such benefit carried out the purposes of the supported organization(s)that operated,supervised or controlled the supporting organization. 2 Section C. Type I%Supporting Ore�anizations Yes No 1 Were a majority ofthe organization's directors ortrustees during the tax year also a majority ofthe directors or trustees of each ofthe organization's supported organization(s)?If"No,"describe in PartVl how control or management of the supporting organization was vestedin the same persons that controlled or managed the supported organization(s). E Section D. All Type %I% Supporting Organizations Yes No 1 Did the organization provide to each of its supported organizations,by the last day ofthe fifth month ofthe organization's tax year,(1)a written notice describing the type and amount of support provided during the prior tax year,(2)a copy of the Form 990 that was most recently filed as of the date of notification,and (3)copies of the organization's governing documents in effect on the date of notification,to the extent not previously provided? 1 - Were any of the organization's officers,directors,or trustees either(i)appointed or elected by the supported organization(s)or(ii)serving on the governing body of supported organization?If"No,"explain in Part VI how the organization maintained a dose and continuous working relationship with the supported organization(s). 2 3 By reason ofthe relationship described in (2),did the organization's supported organizations have a significant voice in the organization's investment policies and in directing the use ofthe organization's income or assets at all times during the tax year?If"Yes,"describe in PartVd therole the organization's supported organizations played in this regard. 3 Section E. Type II% Functional) -Inte rated 5u ortin Or anizations _ 1 Check the box next to the method that the organization used to satisfy the Integral PartTest during the year(see instructions) a r The organization satisfied the Activities Test Complete line 2 below b The organization is the parent of each of its supported organizations Complete line 3 below c The organization supported a governmental entity Describe in Part VI how you supported a government entity (see instructions) 2 Activities Test Answer(a)and(b) below. Yes No a Did substantially all ofthe organization's activities during the tax year directly further the exempt purposes ofthe supported organization(s)to which the organization was responsive?If"Yes,"then in Part V1 identify those supported organizations and explain how these activities directly furthered their exempt purposes,how the organization was responsive to those supported organizations,and how the organization determined that these activities constituted substantially all of its activities. 2a b Did the activities described in (a)constitute activities that,but for the organization's involvement,one or more of the organization's supported organization(s)would have been engaged in?If"Yes,"explain in Part VI the reasons for the organization's position that its supported organization(s)would have engaged in these activities but for the organization's involvement. 2b 3 Parent of Su:icorted O rcjanizations Answer(a)and(b)below. a Did the organization have the power to regularly appoint or elect a majority ofthe officers,directors,or trustees o each of the supported organizations? Providedetails in Part V1. 3a b Did the organization exercise a substantial degree of direction over the policies,programs and activities of each of its supported organizations?If"Yes,"describe in Part VI the role played by the organization in this regard. 3b Schedule A(Form 990 or 990-EZ)2014 WRr m ` N a L N [ `m 0 r. 0 ' O C C C C a) y O d O 7 01 a J d 7 o m u � O C_ v 1 ? Q N ( � f d C o w d H N M C N b U w o r N W E Q R >L L v L o L a m C 7 Q .y N M 'e� IO t0 N co a m � � � N M a' Ill ID N ap E c i +`� c,.. w .' ........ _ ..... _ ,...., �, T Q >U',, pC w L O T N V O m J a),... a) a mCL E c ;? m 1 u ° a = rn M a E $ c m E i a) c o vmi� m J +� c m ® QJ M v v E a) w o U co m v a c 0- E E w a L x n ° m c w w � E o _ = m c L N_ C N dd d i x _ U a O C Cu O a C m O ' Ii ^ c a'' m O O H C it C E m a/ c O U al N y H r 0 OV L U 10 O N y J w C J C V U) m 1 cp ® m m c m N Q o �^ m E -C d w ym ; E ° c IC •'_ �' C O O O u E N dJ C 0 m ° a1 a) L ^ ® ° 111 1 a/ m o v _ c d — +' x m m w C ~ u v c — H m V m v o 2 c '" a c L m v m n ® m L i O- C m O 1� U) O c V V C U a) O. m i o U c J" Z L m v E d Q v v 2 c v m v E m" m d Lo 0,1 y, m 0 C o E E c c m E i = m x o 0 m m u m x m J co a m N 3 '� c - �' W N_ L,, O 0 a) i al 0 U m J > > N d L O m C O. m C M L C O m C N ++ OI m a) m O- C C C v C J L y0 -0 -0 C = L O E , I +°' Q. o L J C C I C O' U) i m N- x 0 L al i-' m •--1 i i+ a1 M T S Q y 0 C m i 3 _ ? M a) E o w __ Y ° > c ° m w m E x o ° c J m O C M O_ c a) L OI W ,. m L w a a) O � N i+ U V O °1 Z p — m O E OI C O C .m-. O rr m T T N ri -° ++ T Q L a) J U Q V O Jo U +. O m Ue S L E O L aL-. m m N -0 N L c O L O. y p'J E 01 O M a)_ Q V 0 N 1 L E C U — C U1 01 ~ y C I a/ ° C y c O. a) C O m �` C O O > C m O N C m ® O. C _ 0 m y `- }°- Q �' m N o o E o m 2 C ,° ° E E Y v mU o c aEi m d = a Q 1 E o ami d v a s E C u C ° m m o `a n o O a u a o m ° t N u > > v == U c o x = J LO L 7 ® L C U C C i N y r v ` E O 7 N L J N d > G C _0 Lf) E Ll Y C Y m L w id m O W — N O m �0 N ; V Of++ a) m — y V H^ Q -0 m 0 — V '_ ® y co J OI m 7 U U c U u y a m i d rn m > > O VI u J m E d J m .N m E ;a ,� v a m o y v y -0 v o f v (A a E Q Q IL F > a V) U m Z K E u s w , L c U1 Z a 0 a Q a m L O Q y c u t'jI v U a J 4, L7 a W W r ® L L d L �......... rl N M It ur 10 h co .a m U 'O 91 N M d' In 10 N m ri N M a In 0 N u 1 T U) h dule A (Form 990 or 990-EZ)2014 Page 7 �_ction D - Distributions Current Year 1 WAmounts paid to supported organizations to accomplish exempt purposes 2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations,in excess of income from activity 3 Administrative expenses paid to accomplish exempt purposes of supported organizations 4 Amounts paid to acquire exempt-use assets 5 Qualified set-aside amounts (prior IRS approval required) 6 Other distributions (describe in Part VI) See instructions 7 Total annual distributions.Add lines 1 through 6 8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI) See instructions 9 Distributable amount for 2014 from Section C,line 6 10 Line 8 amount divided by Line 9 amount Section E - Distribution Allocations (see (i) Underdistrtr ibutions Distributable instructions) Excess Distributions pre-2014 Amount for 2014 - 1 Distributable amount for 2014 from Section C,line 6 2 U nderdistributions,if any,for years prior to 2014 (reasonable cause required--see instructions) 3 Excess distributions carryover,if any,to 2014 _.._........... .... _ ..... a From 2009. . . . . . . prom 2010. . . ............. ........ .... .=rom 2011. . . . . . d From 2012. . . . e From 2013. . . . . . f Total of lines 3a through e g Applied to underdistributi ons of prior years h Applied to 2014 distributable amount -...., a _ ......... ..w.w..._ ., i Carryover from 2 00 9 not applied (see instructions) j Remainder Subtract lines 3g,3h,and 31 from 3f ....... 4 Distributions for 2014 from Sectio �- - _ n D line 7 a Applied to underdistnbutions of prior years b Applied to 2014 distributable amount c Remainder Subtract lines 4a and 4b from 4 5 Remaining underdistributions for years prior to 2014,if any Subtract lines 3g and 4a from line 2 (ifamount greaterthan zero,see instructions) 6 Remaining underdistributions for 2014 Subtract lines 3h and 4b from line 1 (if amount greaterthan zero,see instructions) 7 Excess distributions carryover to 2015.Add lines 3I and 4c 8 Breakdown of line 7 .w ............ _ _-............. a From 2010. _ .. - b From 2011. . . . . . . c From 2012. d From 2013. -rom 2014. mm. Schedule A(Form 990 or 990-EZ)(20 14) .0 +moi w L 1 O L W 'a UI 0 a C O 0 o � o 0 C: ,-j cn c4� a) � c > � c E C L -C� L L !O In Q CL a� o fu V � = o c r a o E In ° (3) vc c O d � 0 >A CO +1 i �0 C +7 c OVLO a) ._ (6 N X U Un rl C I W O ~ L V L Ln — O c 4- fa c , o CL E m �) u �n v xM N N �- c U) }, U N ,-i u N Q I UI C LCL tn N O N C - 0 O V — u u ca LL > N ,-I O Q O L. (D V) a o �� ¢ C V i 'r, U') c Mfu M E >fV a i ,1 _or L Oo L M N N fo N N a - W C N 1 N V) C m - rn G) C M W OC E — m N O 1 CD a) "' Ca-' w O (O V N iA a Ln > a) Q v v L u efile GRAPHIC rint- DO NOT PROCESS As Filed Data - DLN: 93493095001166 SCHEDULED OMB No 1545-0047 (Form 990) Supplemental Financial Statements ►Complete if the organization answered"Yes,"to Form 990, 2014 Part IV,line 6,7,8,9,10,Ila,lib,llc,lid,Ile,llf,12a,or 12b. ienz art e-F,,o,a, 0,Attach to Form 990. ® ; - Into ial Fac t.:.aeSam,— Information about Schedule D(Form 990)and its instructions is at www.Jrs.Sov/for-9-1 Name of the organization Employer identification number NEIGHBORHOOD RENAISSANCE INC 65-0352279 ° : Organizatians Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the or(lanization answered 'Yes" to Form 990 Part IV, line 6. (a) Donor advised funds (b) Funds and other accounts 1 Total number at end of year 2 Aggregate value of contributions to (during year) 3 Aggregate value of grants from(during year) 4 Aggregate value at end of year 5 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? r—Yes F 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 impermissible private benefit? r—Yes r No Conservation Easements. Complete 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) F- Preservation of land for public use (e g ,recreation or education) F- Preservation of an historically important land area F- Protection of natural habitat r Preservation of certified historic structure F Preservation of open space 2 Complete lines 2a through 2d ifthe 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 Year a Total number of conservation easements 2a b Total acreage restricted by conservation easements 2b Number of conservation easements on a certified historic structure included in(a) 2c d Number of conservation easements included in (c)acquired after 8/17/06,and not on a historic structure listed in the National Register 2d 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 0- 5 Does the organization have a written policy regarding the periodic monitoring,inspection,handling of violations,and enforcement of the conservation easements it holds? r Yes r 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 1►$ 8 Does each conservation easement reported on line 2(d)above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? F Yes r No 9 In Part XIII,describe howthe 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 Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete if the organization answered "Yes" to Form 9902 Part IVE line 8. _.. is 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) Revenue included in Form 990,Part VIII,line 1 $ (ii)Assets included in Form 990,Part X M.$ If the organization received or held works of art,historical treasures,or other similar assets for financial gain,provide the following amounts required to be reported under SFAS 116 (ASC 958)relating to these items a Revenue included in Form 990,Part VIII,line 1 0-$ b Assets included in Form 990,Part X 1i $ For Paperwork Reduction Act Notice,see the Instructions for Form 990. Cat No 5 2283 D Schedule D(Form 990)2014 Schedule D (Form 990)2014 Page 2 i Or anizations Maintaining Colleetions of Art, Historical Treasures, or Other Similar Assets (continued) Using the organization's acquisition,accession,and other records,check any ofthe following that are a significant use of its collection items (check all that apply) a r Public exhibition d F Loan or exchange programs b r Scholarly research e F Other c r Preservation for future generations 4 Provide a description ofthe organization's collections and explain how they further the organization's 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 ofthe organization's collection? F Yes F No • Escrow and Custodial Arrangements. Complete If the organization answered "Yes" to Form 990, Part IV line 9, or reirorted an amount on Form 990, Part X line 21. la Is the organization an agent,trustee,custodian or other intermediary for contributions orother assets not included on Form 990,Part X7 F Yes F_No b If"Yes," explain the arrangement in Part XIII and complete the following table Amount C Beginning balance lc d Additions during the year Id e Distributions during the year le f Ending balance if 2a Did the organization include an amount on Form 990,Part X, line 21,for escrow or custodial account liability? r Yes r No b If"Yes," explain the arrangement in Part XIII Check here if the explanation has been provided in Part XIII . . . . . . . r •• Endowment Funds. Complete if the or 'anizatlon answered "Yes"to Form 990„ Part IV, line 10. _ (a)Current year (b)Prior year b(c)Two years back (d)Three years back (e)Four years back la Beginning of year balance . V Contributions . . Net Investment earnings,gains,and losses d Grants or scholarships . . . . e Other expenditures for facilities and programs . . f Administrative expenses g End of year balance . . 2 Provide the estimated percentage ofthe current year end balance(line 1g,column (a))held as a Board designated or quasi-endowment I'-- b Permanent endowment► c Temporarily restricted endowment lb- The The percentages in Imes 2a,2b,and 2c should equal 100% 3a Are there endowment funds not in the possession ofthe organization that are held and administered forthe organization by Yes No (i)unrelated organizations . . . . . . . . . . . . . . . . . . . 3a(i) (ii) related organizations . 3a(u) 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 ofthe organization's endowment funds Land, Buildings, and Equipment. Complete If the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990 Part X, line 10. Description of property (a)Cost orother (b)Cost or other (c)Accumulated (d)Book value basis(investment) basis(other) depreciation 1a Land . 736,8631 736,863 b Buildings 13,523,558 1,344,086 12,179,472 c Leasehold improvements . . d Equipment . 44,381 38,0521 6,329 i ther . . . . . . . . . . . . . . . . . 8,7528,342 410 Total.Add lines is through l e (Column(d)must equal Form 990,Part X,column(B),line 10(c).) ► 12,923,074 . - .._.. Schedule D(Form 990)2014 Schedule D(Form 990)2014 Page 3 Investments—Other Securities.Complete if the organization answered'Yes'to Form 990, Part IV, line lib. See Form 990, Part X, line 12. (a)Description ofsecunty or category (b)Book value (c)Method of valuation (including name cf security) Cost or end-of-year market value (1)Financial derivatives (2)Closely-held equity interests __ m.... Other — ........ .___.. .. ....._._., u... ,_.. __._........... ... _.�....-- Total.(Column(b)must equal Form 990,Part X,col (B)line 12) ► � Investments—Program Related.Complete If the organization answered'Yes'to Form 990, Part IV, line 11c. See Form 990, Part X, line 13. (a)Description of investment (b)Book value (c)Method of valuation Cost or end-of-year market value Total- :> .-,:(b)must equal Form_990,Part X,col(B)line 13) Other Assets. ..e a ifthe organization answered'Yes'to Form 990 Part IV,line 11d Sze Form 990 Part X line 15 ..- --a ___.___ _ ,.._,.. . (a)Descnption g, (b)Book value (1)PROPERTY UNDERDEVELOPMENT ....... ........... ................�... ... 195,736 (2)DEPOSITS _ _.... ,,.., .. 6,746 (3)SUSTAINABILITY PROPERTY MANAGEMENT Total.(Column(b)must equal Form 990,Part X,col.(B)line 15.) ■ 202,48_2_ Other Liabilities.Complete If the organization answered'Yes'to Form 990,Part IV, line 11e or 11f.See Form 990, Part X, line 25. ......... .......... 1 (a)Description of liability (b)Book value_.. Federal income taxes DUE TO INVESTOR SECURITY DEPOSITS 86,509 DEFERRED GRANT REVENUE20,227 Total.(Column(b)must equal Form 990,Part X,col(6)line 25) F( m 106,736 2.Liability for uncertain tax positions In Part XIII,provide the text of the footnote to the organization's financial statements that reports the organization'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 Schedule D(Form 990)2014 o, CA W kD %0 v - N o co co C rn t0 i0 c0 cD cp N m N co co co M M d co co co D. N N Q [O co co 2 01 m 01 OL o " a € uc v o LL = L m .. O � C O __ _ ... ......... L N M Ln a N M Ln p t CL ..._.._. ..r ......... O C t c m CL a n x ' W y a) 3 > E FA tf 4j u ++ o c c a a� Lo o N Ar'ov v Q qq r N N ,--1 .. fc, w W N c +�+ N ' c N O ki E ',, N > m C N fo Y c i �• C — C O N a) a) �' C a M �,,, Ln = C _ L7 O d.. .. C C 0 ti X 'Lc_L d o _ rn LL c o a X w m L m m a L. m o a m r - m 3 a o ai o Q - o Lri o ° Ln Q 7 0) C lT Y L. m N Ch --D L O m - O1 in u Ch a) m M a,in Q o E o E G o c E m = N LL m `" w U) w w M o cn LL a O W a) o v = r� o v o t0 �.•O a C Y lu a O -0 Y �—' m r. N j a) Ln c c = v �+ c = a v m e ON c .�" r:: wW q. o W o Ofa ( 71 E ® - rn°E' Ln 11 Ln O aam = � Mm pC.L X x Y x N al m _ m o m N c c aNi C N c N •a c c c o LL O — " U a) m N m C O L6 O m N N m — C U �..• N C Ln C T d - C a3 a — N C C N ri fO C O C m L Oi EO O N .a p fo • d O N 4. d O C E o aci c n E E o w E Q (n c c u a -0 -5 N j a -0 m Q .0 i a u ^ s L aJ a -0 'n y o a C L u a) o al - I v p a) > > > L Y N aXi (m�p (V Y x w Ol O O C C N N Ln N N C C_ C !n C C O p = C a) Lo a) N C C Y Ln '0' C u viQ. L � U al — — to N a) — N a) V al — Ln — — C N .� m L ,�, v O C 0 cu ,n m 0 u Qd �' a w m Ln a Y n a) a) n a (n Ln a o Q: +� c m m - c c E c v x Y a) o a a) V Y E D a) x a) > L - fLo ] N i _ — N C T C L C m C Y L C a) _0 V Y O m m m +• cLY m LYa) — aC) CaC O E O -o 7 Y >N o0 Q a O O Q Q -o O w > i i N N V •O G! M 0 S1 ULA ® ri N LO � U M 0 m � A .0 V � ®• a 2 c n Ln� o � N a C E O V Q s C 0 .1 Q X W Qj Q� V C O l0 E, L 0.- _ -..-. -..... 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'-' E -0 0) o ca m o CLm (D co c > cn U) Z Cl) a, a) E E a) w O O U O O u z a, CL C oU 7 v N Z; zQ (n a) ON� LIO O J W o j0 uj mz J rn a' _ U mC14 LO G) LO CLQ L F cn O O •d C f LL O a O L W o m J J J J J J E a) = O > > > > > > 0 V E 0O LL o z z Ch 2:22 PM Neighborhood Renaissance, Inc. 07/13/18 Accrual Basis Income Statement Projection October 2017 through September 2018 Oct'17-Sep 18 Ordinary Income/Expense Income 41030• Grants 335,230.58 42000• Contributions/Sponsorships 20,246.80 44000 Board Fundraising 5,859.13 45100 Unrestricted Rent 74,917.30 45105 Pleasant City Developer Fee 24,821.08 45106 Ground Lease Rent 2,400.00 46000• NSP 1 Rent 42,614.00 46002 • Gain on Sale 68,981.24 46100 • Bank Contributions 60,000.00 46101• NSP 2-Mngm. Fee 127,635.63 46102• NSP 1- Mngm. Fee 9,912.44 46105 •CHDO-Mngm. Fee 3,086.04 46106 Unrestricted-Mngm. Fee 7,491.37 46107 Application Fee 100.00 46200 NSP 2 Rent 562,983.00 46201 CHDO Rent 13,718.00 Total Income 1,359,996.61 Gross Profit 1,359,996.61 Expense 51000• Payroll 325,716.05 51050•Temporary Labor 35,489.50 51100• Payroll Taxes 26,465.75 51110• Employee Benefits 50,042.76 52250• Fundraising 684.00 52300• Fees 948.55 53100•Train ing/Co nfs/Meetings 3,953.81 54020 Storage Rent 643.00 54050 Insurance 8,256.46 54100• Office Supplies 1,402.43 54101•Office Expense 5,155.29 54150• Postage &Shipping 634.88 54151 • Marketing/Advertising 1,489.44 54201 Subscriptions 1,407.20 54250 Professional Fees 9,609.25 55000 Telephone 1,574.02 55100• Project seed fund 6,287.88 55200• Unrestricted Rental 44,242.48 55500• Equipment 698.51 55520 • Membership Fees 510.00 60060• PBCNSPI 27,578.43 60061• PBCNSP2 399,453.42 60062 • CH DO- Home 9,091.56 60068 • N5P2 Properties 46,479.61 Page 1 of 2 2'22 PM Neighborhood Renaissance, Inc. 07/13/18 Accrual Basis Income Statement Projection October 2017 through September 2018 Oct'17-Sep 18 61700 504/510 Interest 1,452.97 65600 Payroll Expenses 5,896.65 66600 City of WPB Interest 342.06 66700 VC loan FLCLF 4,599.74 Total Expense 1,020,105.70 Net Ordinary Income 339,890.91 Other Income/Expense Other Income 46202 • Interest Income- NSP2 2,049.26 61500• Interest Income 3,582.40 Total Other Income 5,631.66 Other Expense Total Other Expense 0.00 Net Other Income 5,631.66 Net Income 345,522.57 Page 2 of 2 14. Marketing Plan Our marketing program begins upon application of building permits.The marketing program includes listing on the Multiple Listing Service of which NR's wholly owned Realtor company, Your Way Home Realty is a member. o Work with the Boynton Beach Faith based CDC to affirmatively market homes to their buyer pipeline. o Regional Multiple Listing Service o Individual posting on national listing websites such as Zillow, Trulia, Realtor.com o Presentation to local real estate offices, property signs, Neighborhood Renaissance's website and social media o A dedicated project website will be created to promote this new community its features and amenities, and, the home plans o Outreach to local housing organizations and homebuyer counseling agencies o We project executing contracts within 2 months of construction start of the homes. Target Market and Marketing of the Homes • We will be targeting households earning<= 120%AMI. 2018 Maximum Income Limits Household Size 120%AMI 1 $64,680 ...._ 2 $73,920 3 $83,160 4 $92,280 --- 5 $99,720 --- --- Effective 3/30/2018 by HUD(HOME)and subject to change We regularly participate in the following actives to fill our buyer pipeline: • Presentations about our services and available homes to potential clients at area Homebuyer Workshops, Neighborhood Associations, Child Care Center Parent Meetings, and Social Service Agency Client and Staff Meetings • Attendance at several Home Buyer Fairs held each year around the county • Distribution of property sales brochures in various community gathering places throughout our targeted neighborhoods Page 34 of 40 • Email to our contacts at bank lending institutions and countywide housing and community development departments • Email and telephone calls to our existing pipeline of clients and partners for referrals • Maintenance of detailed log of applicant inquiries and follow up communications • To additionally ensure that the availability of our homes for sale is widely known, marketing efforts are undertaken on the internet. We regularly post information about our available homes on the following websites: o Our websites include www.neighborhoodrenaissance.org and www.yourwayhomerealty.com o Multiple Listing Service of the Realtor's Association of the Palm Beaches o Trulia,Zillow and Realtor.com o We have been very successful finding qualified buyers even before construction begins by listing the homes on the Multiple Listing Service. Affirmative Fair Housing Marketing Plan Neighborhood Renaissance, Inc. (NRI) has developed and will continue to implement an Affirmative Marketing and Minority Outreach Plan for the sale and lease of our homes and in the delivery of housing and financial literacy services. The plan outlines actions to be taken to provide information and to attract eligible persons without regard to race, color, national origin, sex, familial status, disability, marital status, age, gender identity or expression, or sexual orientation. Examples of actions that are taken include the following: • Presentations at Financial Literacy and First-time Homebuyer Workshops o NR housing staff requests presentations at first-time homebuyer workshops sponsored by other nonprofit organizations throughout Palm Beach County including the Urban League of Palm Beach County and Housing Partnership. • NRI is also a member of the Palm Beach County Community Land Trust Network and participates in joint marketing activities. • Regular Material Distribution and Attendance at Meetings of Community and Neighborhood Organizations: o NRI representatives provide outreach to existing community and neighborhood groups throughout our service area to ensure that the existing residents have an opportunity to purchase/lease our homes and benefit from our services. Our efforts have included outreach to the following entities: • Boynton Beach Community Development Corporation • County Head Start Programs including Boynton Beach • Legal Aid of Palm Beach County • Florida Rural Legal Services Page 35 of 40 • Fair Housing Center of the Palm Beaches • Community Land Trust of Palm Beach County • Palm Beach County CLT Network • Housing Leadership Council of Palm Beach County • Adopt-a-Family • The Lord's Place • Delray Beach Community Land Trust • Palm Beach County School Board Requests are also made for the inclusion of postings on City and Redevelopment Agency, and County websites. In working with the Boynton Beach Faith based CDC to affirmatively market homes to their buyer pipeline, the CDC will provide the following: • The CDC will identify, educate and counsel prospective homebuyers. • Conduct homebuyer education and financial literacy classes,to include credit counseling to prospective buyers, ensuring they are "mortgage ready" and connecting them to down payment assistance programs. • Assist with disseminating information in the community regarding home buying opportunities. • Verify household income of members and complete income certifications to ensure federal/state program compliance. • Create a pipeline of"mortgage ready" buyers seeking homeownership opportunities. • Facilitate the mortgage application and approval process of perspective homebuyers. Provide guidance and support when needed to buyers desirous of homeownership. • Facilitate the sale of homes as they become available and ready for sale. • Source subsidy financing, conduct research on available public funding and complete applications, as well as advocate for same. Page 36 of 40 15. Acknowledgement Letter Please see the executed acknowledgement letter behind this page. Page 37 of 40 ATTACHMENT"D" ACKNOWLEDGMENT LETTER PROPOSERS SHALL INCORPORATE THIS ACKNOWLEDGEMENT LETTER IN THEIR SUBMITTAL PACKAGE Re: Boynton Beach Community Redevelopment Agency Cottage District Infill Housing Redevelopment Project, Request for Proposal/Request for Qualifications (RFP/RFQ) dated May 14 .2018 To Whom It May Concern: The undersigned has read the Boynton Beach CRA (BBCRA) Request for Proposal/Request for Qualifications (RFP/RFQ) for the Cottage District Infill Housing Redevelopment Project dated May 14 .2018. On behalf of our proposal team,we agree to and accept the terms,specific limitations, and conditions expressed therein. We have read, rely upon, acknowledge and accept the BBCRA's disclosure and disclaimer,which is fully incorporated by reference into this letter, and certify that all of the requirements as described in the RFP/RFQ are enclosed. Sincerely, Neighborhood Renaissance,Inc. Name of Proposer Terri Murray,Executive Director Print Name and Title Authorized Signature (Must be able to legally bind the Proposer) -1 Ili 1 iJr Date 00980203-1LLW,05.14.18_W/Q_BBCRA Page 19 of 36 16. PowerPoint Presentation t Please see our PowerPoint presentation behind this page. 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IL Q N Ln L O U- a 4 1 c _(D O O C i to O Q 4- �•d C L _ to C C tao N 4r -0DO :3V j U 0 E Q U m '� C QJ N O U H = a Q rN Q a 0 0 0 vii cn 17. List of Civil and Criminal Legal Actions There are no current criminal legal actions nor have there ever been any criminal legal actions against the proposer. In addition, there are no current civil legal actions nor have there been any in the past four years. Page 39 of 40 I 18. All Other Requirements and Attachments Please see required attachments behind this page. Page 40 of 40 ATTACHMENT"C" PROPOSER(S) INFORMATION Name: Nei(-3,hborhood_Renaissance,_Inc. Street Address: 510 24th Street,Suite A Mailing Address (if different): City, State, Zip: . - ,Palm Beach,,F1_,33407, Telephone No. 561-832-6776 :Fax No: 56.1-832-0483 Email Address of Contact Person: tmurrav@neighborhoodrenaissance.or„,x Ownership Status - Is the company currently for sale or involved in any transaction to expand or to be acquired by another business entity?If yes,please explain the impact to the organization and management efforts. No. Age of Organization—In continuous business since: 26 years 1992 Leadership -List Corporate Officers, Principals, Partners or owners of your Organization with titles and addresses. If a publically held company, list Chairman of the Board, CEO, and President: See attached list of board members and officers. Federal Identification No.: 65-0352279 State of Incorporation&Registration No.: Florida- N49255 . If not a corporation, explain your status: 00990203-u_s,w,09.14.19_RFP/Q_BBCRA Page 18 of 36 ATTACHMENT"K" ENERGY EFFICIENCY CHECKLIST The respondent will ensure that,to the greatest extent possible,all construction within the proposed Cottage District development meets the following minimum standards. Through the execution of this Exhibit,the Proposer is certifying that the following elements checked below will be incorporated into their development plan. Energy-efficient Construction Techniques and Products m,' Proper installation of insulation to ensure even temperatures throughout the house per FBC- Residential requirements B/ Installation of high performance impact windows per Florida Building Code (FBC)-Residential requirements o/ Installation of energy-efficient HVAC systems-Energy Star compliant a� Installation of new Energy Star compliant products including light fixtures,LED bulbs, ventilation and exhaust fans and appliances (refrigerators,dishwashers,and washer/dryer machines) Imo_roved Indoor Environments Building envelope,duct systems and vents must be properly sealed to prevent cracks and holes ml Carpet, pads,and other surface materials and installation must comply with the Carpet and Rug Institute's Green Label Certification iV Utilization of only low Volatile Organic Carbon paints,finishes,and sealants ul Utilization of proper water vapor barrier and other applicable sealing methods to eliminate any possibility of mold Installation of programmable thermostats in all units Increased Water Efficienc P/ Installation of low volume,non-spray irrigation system Incorporation of landscape practices recommended by the University of Florida's Florida Friendly Landscape Program (http/Jfyn.ifas.ufl.edu/) and compliance with the Landscape Regulations of the City of Boynton Beach. w Installation of low flow toilets and sink faucets I, (Proposer's Signature and Printed Name) certify that the items checked above will be incorporated into the development plan. 00980203-iis.w,05.14.18_RFP/Q_BBCRA Page 31 of 36 ATTACHMENT"L" PUBLIC ENTITY CRIMES STATEMENT A person or affiliate who has been placed on the convicted vendor list following a conviction for public entity crime may not: submit a bid proposal, or reply on a contract to provide any goods or services to a public entity; submit a bid proposal, or reply on a contract with a public entity for the construction or repair of a public building or public work;submit bids proposals,or replies on leases of real property to a public entity; be awarded or perform work as a contractor, supplier, subcontractor or consultant under a contract with any public entity; or transact business with any public entity in excess of the threshold amount provided in Section 287.017, Florida Statutes, for CATEGORY TWO for a period of thirty-six(36) months from the date of being placed on the convicted vendor list. As the person authorized to sign the Statement, I certify that Bidder complies fully with the above requirements. Proposer's Signature Terri Murray Print Name Executive Director Title Date 00980203-1LLW,05.14.18_M/Q_BDCRA Page 32 of 36 ATTACHMENT"M" CERTIFICATION OF DRUG FREE WORKPLACE PROGRAM I certify the firm of NeiLghborhood Renaissance,Inc. responding to this RFP/RFQ maintains a drug-free workplace program,and that the following conditions are met: (1) We publish a statement notifying employees that the unlawful manufacture, distribution, dispensing,possession,or use of a controlled substance is prohibited in the workplace;and specifying that actions will be taken against employees for violations of such programs. (2)We inform employees about the dangers of drug abuse in the workplace,the company's policy of maintaining a drug-free workplace, any available drug counseling, rehabilitation, and employee assistance programs, and the penalties that may be imposed upon employees for drug abuse violations. (3) We give each employee engaged in providing the commodities or contractual services included in this RFP/RFQ a copy of the statement specified in Subsection (1). (4) In the statement specified in Subsection (1), we notify the employee that, as a condition of working in the commodities or contractual services covered under this RFP/RFQ they will abide by the terms of the statement; and will notify the employer of any conviction of, or plea of guilty or nolo contendere to any violation of Chapter 893 or any controlled substance law of the United States or any state, for a violation occurring in the workplace no later than five (5) days after such conviction. (5) We impose a sanction on, or require the satisfactory participation in a drug abuse assistance or rehabilitation program if such is available in the employee's community, by any employee who is convicted. (6) We make a good faith effort to continue to maintain a drug-free workplace through implementation of this section. As the person authorized to sign the statement, I certify that this firm complies fully with the above requirements. Authorized Signature: -' Date , Name&Title (typed) Terri Murray,Executive Director 00980203-1LLW,05.14.18 RFP1Q_BBCRA Page 33 of 36 ATTACHMENT"N" ADDENDA ACKNOWLEDGEMENT Receipt is hereby acknowledged of the following addenda to the The Boynton Beach Community Redevelopment Agency Request for Proposals and Developer Qualifications Cottage District Project Site By entering checking YES or NO in the space provided and indicating date received. No.1 ❑X Yes ❑ No Date Maim 24, 2018 No.2 X❑ Yes ❑ No Date_.lune 14, 2018 No.3 ® Yes ❑ No Date fuly 2, 2018 No.4 ❑ Yes ❑ No Date No. 5 ❑ Yes ❑ No Date RFP/RFQ INFORMATION WAS OBTAINED FROM: ® BBCRA Website ❑ Newspaper Ad ❑ City Hall ❑ Other,please specify: Proposer's Signature Terri Murrav Print Name Executive Director Title `�lic,l o Date 00980203-IUW,05.14.A_RFP1Q_BBCRA Page 34 of 36 ATTACHMENT"0" PROPOSAL CHECKLIST This Checklist is provided as an abbreviated reference to Paragraph I,Proposal Submission Requirements. This checklist is NOT intended to replace the requirements of Paragraph I: 1. Provide a written general statement of the qualifications of the Proposer. 2. Provide a certificate of good standing from the Secretary of State of Florida and the state in which the corporation is headquartered,if not Florida. 3. V ,Provide a copy of the commercial lease agreement,if any,or proof of property ownership at the location the Proposer is currently licensed to do business. 4. V Provide a list of personnel that will be part of the proposed project's development or management team, along with their professional qualifications and a list of similar projects on which they have actively participated. 5. Provide a written list of similar projects developed by the Proposer that were completed within the last five years, including photographs, addresses, date the projects were completed, and general project description. 6. V Provide a detailed description of the proposed project,with text and graphics.This should include but not limited to a schematic site layout plan; proposed density, intensity, and height; parking locations; typical floor plans; and elevations, as well as the items listed in Paragraph F, "Architectural and Design Considerations,"and Paragraph H,"Proposal Requirements for Project Site Plan,"of this RFP/RFQ document. 7. V Provide a breakdown of the proposed total number of housing units and housing unit types (attached or detached),including number of bedrooms and bathrooms,and square footage for each unit type. 8. V Provide both a development and operating pro forma. The development pro forma shall include and clearly identify the cost of land acquisition from the BBCRA along with any proposed funding assistance being requested of the BBCRA,if any. 9. "Vf If the project is proposed to use other project based subsidies, Proposer must demonstrate extensive experience with obtaining such project-based subsidies for affordable housing by listing projects and the amount and type of subsidy utilized. 10. V — A program description of how the Developer will make attempts to utilize local residents,qualified contractors,and sub-contractors in the development,construction,operation and management of the proposed project. 11. A signed written statement of intent to purchase the project property indicating the proposed purchase price along with a statement of willingness to execute a Purchase and Development Agreement within ninety(90) days of selection if selected. 12. V Authorization to Perform Credit Check for each Proposer entity. The Authorization must be executed by the appropriate officer of Proposer entity. See Attachments "E" and "F," Authorization forms. IF 13. _ .Proof of financial capability to complete the proposed project. 00980203-urw,05.14.18_PPP/Q_BBCRA Page 35 of 36 14. f The Proposer must submit a Marketing Plan which will indicate how the units will be sold, strategies of outreach to the end users and community,proposed recommended sale price ranges that are supported by the finance plan and proforma, and the project's proposed absorption rate. 15. An acknowledgement letter attesting that the Proposer has read and understands all procedures of this RFP/RFQ(see Attachment"D"). 16. A promotional PowerPoint presentation of the Proposal,consisting of 10 to 15 slides. 17. A list of all civil and criminal legal actions in which each Proposer entity(and its parent entity if it is a subsidiary) is currently a named party or was a named party in the past four (4) years, providing the case number, case description, the state of jurisdiction, and disposition of each case.Proposer(s) may include any additional relevant information. Ar 18. All other requirements contained in this RFP/RFQ, including all attachments that request a response or information from the Proposer. Proposer's Signature Terri Murray- Print Name Executive Director Title Date 00980203-11LW,05.14.18_RFP/CLBBCRA Page 36 of 36 ATTACHMENT II Summary of Cottage District Project Development Related Activities with Neighborhood Renaissance. Inc. • February 20, 2019: CRA staff and the NRI development team met at the CRA office to review the two site plan options, project costs, pricing and other relevant issues in preparation for the March 7, 2019 CRAAB meeting. • February 12, 2019: Presentation of conceptual development site plans and financial conditions. CRA Board assigned the CRAAB with the preliminary review and recommendation of conceptual development site plans and financial conditions. • January 2, 2019: CRA staff and City of Boynton Beach staff from the Utility, Engineering and Public Works Departments met at the CRA office to discuss the existing services impacting the proposed project. These existing conditions relate to items such as but not limited to inadequate water and storm water service lines,sewer out-flow and inconsistent right-of-way widths. All of these items will have a major affect the cost of any future project. • December 5,2018: A site plan and elevation meeting was held with the NRI development team and CRA staff at the CRA offices to discuss the project elements in more detail.As of the date of this meeting, there was still a lack of information concerning the cost breakdowns for each element of the project. CRA staff will continue to work with NRI on pertinent issues until the January 8, 2019 Board meeting. • November 29, 2018: CRA staff met with the City's Engineering, Public Works and Public Utilities Departments in order to verify existing conditions and future expectations resulting from construction of the project. These items will have an effect on project costs and are better planned for during the due diligence period rather than after the project begins. • October 12, 2018: CRA staff coordinated a site plan pre-application meeting with the NRI Development Team and City staff to discuss two "conceptual" project layout variations (see Attachment I). This meeting was very productive and generated much needed land development regulation and site plan related comments from City staff. Since the October 12th pre-application meeting, CRA staff has completed the soil percolation testing performed by Nutting Engineers and is in the process of updating the property survey with Avirom&Associates. • September 18, 2018: CRA staff met with representatives of the NRI development team to discuss their proposal, number and types of units, the construction pro-forma and financing options as well as the overall feasibility and timing of the project. 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NEWASSIGNMENTS SUBJECT: Consideration of Equitable Economic Development Grants SUMMARY: At their February 12, 2019 meeting, the CRA Board approved a new assignment for the CRA Advisory Board (CRAAB). The assignment is for the CRAAB to research the topic of economic and racial equity and determine if the CRA's Commercial Grant Programs are meeting the intended goals of the Agency programs. Are there any recommendations that can be made to improve the economic or racial equity of the CRA's grant programs for Fiscal Year 2019-2020? CRA staff has provided the current Commercial Grant Program Guidelines and Application packets as Attachments I & 11. ATTACHMENTS: Description o Attachment I - FY 2018 -2019 Commercial Rent Reimbursement Grant Application o Attachment II - FY 2018 -2019 Commercial Property Improvement Grant Application f� h; ..iii . LJ I N ESI RA COMMUMTY REDEVELOPMENT AGENCY EN October 1 , 2018 — September 30, 2019 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY COMMERCIAL RENT REIMBURSEMENT GRANT PROGRAM Program Rules and Regulations The Commercial Rent Reimbursement Grant Program is designed to help facilitate the establishment of new businesses and aid in the expansion of existing businesses within the Boynton Beach Community Redevelopment Agency (the "CRA") District. The program is designed to provide financial assistance to new and existing businesses in the form of rent reimbursement intended to help businesses during the critical first year of operation. The CRA reserves the right to approve or deny any Commercial Rent Reimbursement Grant Program application and to deny payment at any time if, in its sole and absolute discretion, it determines that the business will not advance the goals and objectives established for redevelopment of the CRA District. The receipt of past payments is not a guarantee of future payments. For purposes of this application, the term "new business" means a company in operation for less than six months or relocating to Boynton Beach. The term "existing business" means a company that has been in operation within the CRA District for a minimum of two years at the time of application and has at least two years remaining on its existing lease. The Boynton Beach CRA is a public agency and is governed by the "Florida Public Records Law" under Florida State Statutes, Chapter 119. Any documents provided by Initials Page 1 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com the Applicant(s) may be produced by the CRA upon receipt of a public records request, subject to any exemptions provided by Florida Law. Incentive Funding The Commercial Rent Reimbursement Grant Program offers financial assistance through a reimbursable grant in the form of a quarterly rent reimbursement. New businesses are eligible to apply for assistance for up to six months from the issuance of the City of Boynton Beach Business Tax Receipt. Rent Reimbursements will not be paid until all construction has ended, permits are closed out, City and County licenses are obtained, and the business is open for operation under a Temporary Certificate of Occupancy (TCO) or a Certificate of Occupancy (CO). For businesses that do not require any construction work, rent reimbursements will not be paid until City and County licenses are obtained and the business is open for operation. On a quarterly basis, the CRA will issue reimbursement directly to the applicant. Reimbursement is for the monthly rent payment made to the landlord, and is dependent upon receipt of verification that the payment has been cleared by the bank. The responsibility for all rental payments is between the parties to the lease, as such the tenant and the landlord. As grantor, the CRA neither bears nor accepts any responsibility for payment of rent at any time, nor penalties incurred for the late arrival of payments by any party. Eligibility Requirements Applicants must meet all of the following requirements in order to be considered eligible to receive grant funding: • Applicant must be the business entity (or d/b/a) named and the principal owners named on the corporation documents, and must be the landlord or business owner of the company occupying the property to be improved. • Must be located within the CRA District (see attached map). Initials Page 2 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com • Must provide proof that the business is properly licensed by all necessary levels of government and professional associations or agencies (copies of city and county licenses or receipts that the licenses have been applied for). • Non-profit and residentially zoned properties are NOT eligible. • An existing business must expand to occupy more than 50% of its current square footage size. Verification of this threshold must be provided in the application package. Exceptions to this rule may be made at the discretion of the CRA Board if the tenant is losing their current space due to redevelopment of the site. • The Applicant's Experian consumer credit report must reflect an acceptable level of financial stability, as determined in the sole discretion of the CRA. A copy of the consumer report will be provided to the applicant upon request. Applicants must have an Experian credit score of 601 or higher and have no listed history of bankruptcy to be eligible. If there is more than one business owner, the majority of the business owners must have credit scores of 601 or higher to be eligible. • Applicant must have an executed multi-year lease with at least two years remaining on the lease. • Proposed leases must be executed within 30 days of CRA Board approval or the grant award is terminated. • The Commercial Rent Reimbursement Grant Program may only be used one time by any one specific business entity or business owner. • Grantees shall allow the CRA the rights and use of photos and project application materials. Ineligible Businesses The following businesses are considered ineligible for assistance under the Commercial Rent Reimbursement Grant Program: • Firearm Sales/Shooting Range • Convenience Store • Religion-Affiliated Retail Stores • Churches/places of worship • Non-profit organizations • Take-out Foods • Check Cashing Stores • Tattoo Shops / Body Piercing / • Kava Tea Bars Body Art Shops • Adult Entertainment • Liquor Stores • Adult Arcades • Vapor Cigarette, E Cigarette Stores Initials Page 3 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com • Alcohol and/or Drug Rehabilitation • Pawn Shops Centers/Housing • Medical Research Centers/Housing • Any other use that the CRA staff or • Massage/Personal Services CRA Board determine will not support the redevelopment of the CRA District Grant Terms and Conditions This grant is divided into two tiers of eligibility. Businesses are classified into tiers based on the type of business, which then determines the amount of eligible funding. Grant funding amounts will be based on the applicant's project budget specified at the time of CRA Board approval. Tier One Business Tier One Businesses are eligible for reimbursement for up to half (50%) of the business's base monthly rent or $1,750 per month, whichever is less (maximum amount of the grant is $21,000, distributed in four quarterly payments). Tier One Businesses must be one of the following types of businesses: • Restaurant • Bakery • Gourmet Food Market Tier Two Business Tier Two Businesses are eligible for reimbursement for up to half (50%) of the business's base monthly rent or $1,250 per month, whichever is less (maximum amount of the grant is $15,000, distributed in four quarterly payments. Initials Page 4 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com Examples of Tier Two Businesses include, but are not limited to, the following types of businesses: • Home D6cor/Design — home • Clothing Boutique — clothing, shoes furnishings, art galleries, kitchen & accessories wares • Law Offices • Accounting Offices • Hair/Nail Salons (no more than 2 • Real Estate Offices approvals per fiscal year) • Bed and Breakfasts • Medical Offices • Marketing Offices • Insurance Offices • Fitness Centers • Florists (no more than 2 approvals • Specialty Businesses — stationary, per fiscal year) gifts, sporting goods Lease Terms If the applicant is a tenant, it must have a proposed or executed multi-year lease with a minimum of two years remaining on the lease. The commercial lease must define the landlord-tenant relationship and at minimum provide the following information: • A description of the space being rented, including square footage and a drawing of the space; • Description of utilities that are the tenant's responsibility; • Rental rate and deposits along with terms of lease and methodology for future rent increases; • Responsible party for interior and exterior repairs and/or improvements; • Insurance requirements; • Ability to terminate; and • Consequences of default on the lease. For purposes of this paragraph, the term "subject property" means the leased premises of the grant recipient, for which the applicant or grant recipient is seeking rental reimbursement, or any part thereof. Grant recipients are prohibited from subletting the subject property. If a grant recipient sublets the property, the grant recipient will be required to repay the CRA for all grant money received up to that point and will not be eligible to receive any further grant funding. Initials Page 5 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com For purposes of this grant, the CRA considers the following to be subletting: A) executing a sublease, assignment, or similar agreement with an entity that is not the grant recipient; B) allowing the subject property to be occupied by any business entity in which the grant recipient is not listed as the registered agent, owner, officer or director of said business, or assisting such a business in so doing; C) allowing or assisting a business entity other than the grant recipient to list its place of business as the subject property; or D) allowing or assisting a business entity other than the grant recipient to obtain a business tax license from the City of Boynton Beach for the subject property. The fact that a business entity other than the grant recipient occupies the subject property, lists its place of business as the subject property, obtains a business tax license for the subject property, or similarly appears to use the subject property is sufficient evidence that the grant recipient has allowed or assisted such other business entity to do so and is grounds for termination of any further grant payments and seeking reimbursement for previously paid grant payments. However, it shall not be considered a prohibited subleasing when the business purpose of the applicant is to provide a space for aspiring businesses, such as when the applicant is a business incubator, commissary kitchen, or business that provides co-op workspace. The CRA will determine whether a certain applicant fits into the exception described in this paragraph on a case-by-case basis. Application Process Applications can be obtained from the CRA office located at 710 North Federal Highway, Boynton Beach, FL 33435 or downloaded from www.catchboynton.com. All applicants are required to meet with CRA staff in order to determine eligibility before submitting an application. Applications will not be considered until all required documentation is submitted to the CRA office. Application to this grant program is not a guarantee of funding. Funding is at the sole discretion of the CRA Board. Applicants must submit an original, "hard copy" application with all materials to the CRA for review and approval by the CRA Board. Applicants will be considered on a first- come, first served basis. Application packets must include the following documentation: Initials Page 6 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com 1. A non-refundable fee of $100, which will be used to obtain a consumer credit report on the business and principal/owners of business. Make check payable to: Boynton Beach CRA. 2. Resume for each principal/owner of the business. 3. Copy of the corporate documents for the applying business entity. 4. Copy of City and County Business Licenses (Business Tax Receipt). 5. Copy of executed multi-year commercial lease agreement. 6. Two years of corporate tax returns (for existing businesses only). 7. Two years of personal tax returns for the principal/owners of a new business. 8. List of jobs to be created and filled including job descriptions, pay range and weekly schedule. For existing businesses, provide a list of all current positions including job descriptions, pay range and weekly schedule. 9. If an existing business must expand to occupy more than 50% of its current square footage size, verification of this threshold must be provided in the application package. Exceptions to this rule may be made at the discretion of the CRA Board if the tenant is losing their current space due to redevelopment of the site. 10.Completed and signed application (attached). 11.Authorization to perform credit check for the business and each principal/owner of the business (attached). 12.W9 Form (attached). Approval of Funding Request All required application documentation must be submitted no later than noon two weeks prior to the second Tuesday of the month. CRA staff will review the application to evaluate whether the applicant is eligible for reimbursement. If it meets these requirements, CRA staff will present the funding request to the CRA Board for review and potential approval. The CRA Board meets on the second Tuesday of each month. The schedule for CRA Board meetings can be obtained at www.catchboynton.com. Applicants will be notified of the date and time that their applications will be considered by the CRA Board. The CRA recommends that applicants attend the CRA Board meeting during which the Board will consider their applications in order to answer any questions the CRA Board Initials Page 7 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboVnton.com may have regarding their applications. CRA staff will notify the applicant of the CRA Board's approval or denial in writing. Site Visits CRA may conduct a site visit prior to transmitting the application to the CRA Board and once the project is completed. Staff may also conduct unannounced site visits before, during and after the project in order to determine and ensure compliance with the terms of the grant. Procedures for Reimbursement Quarterly rent reimbursement payments will be provided to the grant recipient beginning the first month the business is open for operation subsequent to CRA Board approval. A maximum of 12 consecutive monthly rent payments are eligible to be reimbursed to the approved applicant. Reimbursement will occur on a quarterly basis. Following the initial Reimbursement Request, each reimbursement request shall be made within 30 days of the start of the next quarter beginning on January 1St, April 1St July 1St and October 1St Months Eligible for Reimbursement Deadline to Submit for Reimbursement • October, November, December • January 30th • January, February, March • April 30th • April, May, June • July 30th • July, August, September • October 30th In order to receive quarterly rent reimbursement the grant applicant must submit the following: 1. Written request for reimbursement. 2. Proof of rent payments (i.e., copies of the front and back of cancelled checks for that quarter's reimbursement or proof of direct deposit). If applicant does not submit its quarterly reimbursement request within 30 days following the end of the quarter in which applicant is requesting reimbursement, applicant forfeits that quarter's reimbursement. Initials Page 8 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboVnton.com Discontinuation of Payment The receipt of past payments does not guarantee future payments. The CRA retains the right to discontinue rent reimbursement payments at any time at its sole and absolute discretion. SUBMISSION OF AN APPLICATION IS NOT A GUARANTEE OF FUNDING It is the responsibility of the applicant to READ AND UNDERSTAND all aspects of the Grant Program's Rules/Requirements and Application. NOTICE TO THIRD PARTIES: The grant application program does not create any rights for any parties, including parties that performed work on the property. Nor shall issuance of a grant result in any obligation on the part of the CRA to any third party. The CRA is not required to verify that entities that have contracted with the applicant or applicant's landlord have been paid in full, or that such entities have paid any subcontractors in full. Applicant's submittal of verification that monthly rental payments have been cleared by the bank warranty is sufficient assurance for the CRA to award grant funding. Initials Page 9 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA APPLICANT INFORMATION BUSINESS INFORMATION: Business Name (d/b/a if applicable): Current Business Address: Fed I D#: Business Phone Number: Fax: Website: Existing Business: Yes No Number of years in existence: Time at Current Location: New Business to Boynton Beach: Yes No Do you have an executed lease agreement: Yes No If so, monthly base rent: New Business Address: Square footage of current location: Square footage of new location: Type of Business: Number of Employees: Hours of Operation: Page 10 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA APPLICANT INFORMATION PRINCIPAL/OWNER INFORMATION: (If more than 4 principals/owners additional sheets may be used) 1. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: 2. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: 3. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: 4. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: Page 11 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA APPLICANT INFORMATION Are you applying for grant assistant under any other program offered by the CRA? Yes No If yes, what additional programs are you applying for: Are you receiving grant assistance under any other governmental agencies: Yes _ No If yes, list any additional grant sources and amounts: LANDLORD INFORMATION: Landlord Name: Landlord's Mailing Address: Landlord's Phone Number: CERTIFICATION AND WAIVER OF PRIVACY: For purposes of this certification and waiver of privacy, the term "I" refers to the applicant and to all signatories below individually. By signing below, each signatory represents and confirms that he or she is authorized to sign on behalf of the applicant(s). 1, the undersigned applicant(s), certify that all information presented in this application, and all of the information furnished in support of the application, is given for the purpose of obtaining a grant under the Boynton Beach Community Redevelopment Agency Commercial Rent Reimbursement Grant Program, and it is true and complete to the best of my knowledge and belief. I further certify that I am aware of the fact that I can be penalized by fine and/or imprisonment for making false statements or presenting false information. I further acknowledge that I have read and understand the terms and conditions set forth and described in the Boynton Beach Page 12 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA APPLICANT INFORMATION Community Redevelopment Agency Commercial Rent Reimbursement Grant Program Rules and Requirements. I understand that this application is not a guarantee of grant assistance, and that award of grants is at the sole discretion of the Boynton Beach Community Redevelopment Agency Board. I understand that the purpose of the grant is to further the Boynton Beach Community Redevelopment Plan, and that the Boynton Beach Community Redevelopment Agency may decline my application for any legal reason, including the reason that granting the award will not further the Community Redevelopment Plan. Should my application be approved, I understand that the Boynton Beach Community Redevelopment Agency may, at its sole discretion, discontinue grant payments at any time if in its sole and absolute determination it feels such assistance no longer meets the program criteria or is no longer furthering the Boynton Beach Community Redevelopment Plan. To the maximum extent possible, I hereby waive my rights to privacy and confidentiality for all matters contained in my application, and give my consent to the Boynton Beach Community Redevelopment Agency, its agents and contractors to examine any confidential information given herein. I further grant permission, and authorize any bank, employers or other public or private agency to disclose information deemed necessary to complete this application. I specifically authorize the Boynton Beach Community Redevelopment Agency to run a credit report as part of this application, and understand that information in my credit report, including a record of bankruptcy, may disqualify me from obtaining grant funding. I give permission to the Boynton Beach Community Redevelopment Agency or its agents to take photos of myself and business to be used to promote the program. I understand that if this application and the information furnished in support of the application are found to be incomplete, it will be not processed. Page 13 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA APPLICANT INFORMATION APPLICANT SIGNATURES: 1. Principal/Owner's Signature Date Printed Name Title 2. Principal/Owner's Signature Date Printed Name Title 3. Principal/Owner's Signature Date Printed Name Title 4. Principal/Owner's Signature Date Printed Name Title Notary as to Principal/Owner's Signatures - Multiple notary pages may be used if signing individually STATE OF COUNTY OF BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared who is/are personally known to me or produced as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this day of , 20 NOTARY PUBLIC My Commission Expires: Page 14 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA LANLORD INFORMATION LANDLORD SIGNATURES: 1. Landlord's Signature Date Printed Name Title 2. Landlord's Signature Date Printed Name Title Notary as to Principal/Owner's Signatures - Multiple notary pages may be used if signing individually STATE OF COUNTY OF BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared who is/are personally known to me or produced as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this day of 20 NOTARY PUBLIC My Commission Expires: Page 15 of 15 Rent Reimbursement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA AUTHORIZATION TO PERFORM A CREDIT CHECK FOR PRINCIPAL/OWNER The applicant hereby consents to and authorizes the Boynton Beach Community Redevelopment Agency's ("CRA") investigation into the credit worthiness of the applicant. Such consent and authorization is given with respect to any and all persons who may conduct an investigation of the applicant's credit worthiness on behalf of the CRA, including independent contractors and credit agencies retained by the CRA for such purpose. Any information provided to the CRA is a public record subject to the provisions of Ch. 119 F.S. Applicant grants such consent and authorization to the CRA for the period commencing as of the date of this authorization and terminating on the date the grant has been fulfilled. This applicant hereby waives and all claims, past, present or future, which the applicant may have against the CRA by reason of any credit investigation made pursuant to applicant's consent and authorization herein give to the CRA. An authorization to Perform Credit Check needs to be complete by each Principal/Owner and by the Business. Please us a separate form for each principal/owner: Principal/Owner Name: Date of Birth: Current Home Address: Previous Home Address: Email: Phone Number: Signature: Date: 710 North Federal Highway, Boynton Beach, FL 33435—Phone: (561)737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA AUTHORIZATION TO PERFORM A CREDIT CHECK FOR BUSINESS The applicant hereby consents to and authorizes the Boynton Beach Community Redevelopment Agency's ("CRA") investigation into the credit worthiness of the applicant. Such consent and authorization is given with respect to any and all persons who may conduct an investigation of the applicant's credit worthiness on behalf of the CRA, including independent contractors and credit agencies retained by the CRA for such purpose. Any information provided to the CRA is a public record subject to the provisions of Ch. 119 F.S. Applicant grants such consent and authorization to the CRA for the period commencing as of the date of this authorization and terminating on the date the grant has been fulfilled. This applicant hereby waives and all claims, past, present or future, which the applicant may have against the CRA by reason of any credit investigation made pursuant to applicant's consent and authorization herein give to the CRA. An authorization to Perform Credit Check needs to be complete by each Principal/Owner and by the Business. Business (d/b/a if applicable): Federal Tax I D #: Current Business Address: State of Corporation: Email: Phone Number: Fax Number: Signature: Date: Title: 710 North Federal Highway, Boynton Beach, FL 33435—Phone: (561)737 -3256 Fax: (561) 737 -3258 www.catchboynton.com BOYNTON t# t. ICRA MAP Hypoluxo Rd v v l Mrs Miner Rd Miner Rd t NE 26th Ave U v z 'o Z o . Gateway Blvd a z v m a°p � e 4 0o z 2 t mm�C.Stanley Weaver Canal�� t 5`-Martin Luther King Jr Blvd Old Boynton Rd W Boynton Beach Blvd E Ocean Ave �t m i O ti N WoolbrightRd rz�}15' Golf Rd SW 23rd Ave �t SW 23rd Ave t�i1) j}it'h ,t Gulfstream Blvd u t ttti t: KEY II vECRADistrict Form W-9 Request for Taxpayer Give Form to the (Rev.December 2014) requester. Do not Department of the Treasury Identification Number and Certification send to the IRS. Internal Revenue Service 1 Name(as shown on your income tax return).Name is required on this line;do not leave this line blank. N 2 Business name/disregarded entity name,if different from above (D rn M 3 Check appropriate box for federal tax classification;check only one of the following seven boxes: 4 Exemptions(codes apply only to certain entities, not individuals; see O ❑Individual/sole proprietor or ❑ C Corporation ❑S Corporation ❑ Partnership ❑ Trust/estate rn instructions on page 3): arc single-member LLC CL O Limited liability company. Enter the tax classification(C=C corporation,S=S corporation, P=partnership)01 Exemptpayee code(if any) OExemption from FATCA reporting Note. For a single-member LLC that is disregarded,do not check LLC;check the appropriate box in the line above for y the tax classification of the single-member owner. code(if any) CL E]Other(see instructions)► (Applies to accounts maintained outside the U.S.) V w 5 Address(number,street,and apt.or suite no.) Requester's name and address(optional) v a CL CO 6 City,state,and ZIP code (D U) 7 List account number(s)here(optional) GM Taxpayer Identification Number(TIN) Enter your TIN in the appropriate box. The TIN provided must match the name given on line 1 to avoid Social security number backup withholding. For individuals, this is generally your social security number(SSN). However,for a resident alien,sole proprietor, or disregarded entity, see the Part I instructions on page 3. For other — — entities, it is your employer identification number(EIN). If you do not have a number, see How to get a L I TIN on page 3. or Note. Ifthe account is in more than one name,see the instructions for line 1 and the chart on page 4 for Employer identification number guidelines on whose number to enter. F3 Ma Certification Under penalties of perjury, I certify that: 1. The number shown on this form is my correct taxpayer identification number(or I am waiting for a number to be issued to me);and 2. I am not subject to backup withholding because:(a)I am exempt from backup withholding, or(b)I have not been notified by the Internal Revenue Service(IRS)that I am subject to backup withholding as a result of a failure to report all interest or dividends, or(c)the IRS has notified me that I am no longer subject to backup withholding; and 3. I am a U.S.citizen or other U.S. person(defined below);and 4. The FATCA code(s)entered on this form (if any)indicating that I am exempt from FATCA reporting is correct. Certification instructions.You must cross out item 2 above if you have been notified by the IRSthat you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement(IRA),and generally,payments other than interest and dividends, you are not required to sign the certification, but you must provide your correct TIN.See the instructions on page 3. Sign Signature of Here U.S.person► Date► General Instructions -Form 1098(home mortgage interest),1098-E(student loan interest),1098-T (tuition) Section references are to the Internal Revenue Code unless otherwise noted. -Form 1099-C(canceled debt) Future developments.Information about developments affecting Form W-9(such -Form 1099-A(acquisition or abandonment of secured property) as legislation enacted after we release it)is at www.irs.gov/fw9. Use Form W-9 only if you are a U.S.person(including a resident alien),to Purpose of Form provide your correct TIN. An individual or entity(Form W-9 requester)who is required to file an information If you do not return Form W-9 to the requester with a TIN,you might be subject return with the IRS must obtain your correct taxpayer identification number(TIN) to backup withholding. See What is backup withholding?on page 2. which may be your social security number(SSN),individual taxpayer identification By signing the filled-out form,you: number(ITIN),adoption taxpayer identification number(ATIN),or employer 1.Certify that the TIN you are giving is correct(or you are waiting for a number identification number(EIN),to report on an information return the amount paid to to be issued), you,or other amount reportable on an information return.Examples of information returns include,but are not limited to,the following: 2.Certify that you are not subject to backup withholding,or -Form 1099-INT(interestearned or paid) 3.Claim exemption from backup withholding if you are a U.S.exempt payee.If -Form 1099-DIV(dividends,including those from stocks or mutual funds) applicable,you are also certifying that as a U.S.person,your allocable share of any partnership income from a U.S.trade or business is not subject to the -Form 1099-MISC(varioustypes of income,prizes,awards,or gross proceeds) withholding tax on foreign partners'share of effectively connected income,and -Form 1099-B(stock or mutual fund sales and certain other transactions by 4.Certify that FATCA code(s)entered on this form(if any)indicating that you are brokers) exempt from the FATCA reporting,is correct. See What is FA TCA reporting?on -Form 1099-S(proceeds from real estate transactions) page 2 for further information. -Form 1099-K(merchant card and third party network transactions) Cat.No.10231X Form W-9 (Rev.12-2014) Form W-9(Rev.12-2014) Page 2 Note. If you are a U.S.person and a requester gives you a form other than Form 3.The IRS tells the requester that you furnished an incorrect TIN, W-9 to request your TIN,you must use the requester's form if it is substantially 4.The IRS tells you that you are subject to backup withholding because you did similar to this Form W-9. not report all your interest and dividends on your tax return(for reportable interest Definition of a U.S.person.For federal tax purposes,you are considered a U.S. and dividends only),or person if you are: 5.You do not certify to the requester that you are not subject to backup -An individual who is a U.S.citizen or U.S.resident alien; withholding under 4 above(for reportable interest and dividend accounts opened -A partnership,corporation,company, or association created or organized in the after 1983 only). United States or under the laws of the United States; Certain payees and payments are exempt from backup withholding.See Exempt -An estate(other than a foreign estate);or payee code on page 3 and the separate Instructions for the Requester of Form W-9 for more information. -Adomestic trust(as defined in Regulations section 301.7701-7). Also see Special rules for partnerships above. Special rules for partnerships.Partnerships that conduct a trade or business in the United States are generally required to pay a withholding tax under section What is FATCA reporting? 1446 on any foreign partners'share of effectively connected taxable income from such business. Further,in certain cases where a Form W-9 has not been received, The Foreign Account Tax Compliance Act(FATCA)requires a participating foreign the rules under section 1446 require a partnership to presume that a partner is a financial institution to report all United States account holders that are specified foreign person,and pay the section 1446 withholding tax.Therefore,if you are a United States persons.Certain payees are exempt from FATCA reporting.See U.S.person that is a partner in a partnership conducting a trade or business in the Exemption from FATCA reporting code on page 3 and the Instructions for the United States,provide Form W-9 to the partnership to establish your U.S.status Requester of Form W-9 for more information. and avoid section 1446 withholding on your share of partnership income. In the cases below,the following person must give Form W-9 to the partnership Updating Your Information for purposes of establishing its U.S.status and avoiding withholding on its You must provide updated information to any person to whom you claimed to be allocable share of net income from the partnership conducting a trade or business an exempt payee if you are no longer an exempt payee and anticipate receiving in the United States: reportable payments in the future from this person. For example,you may need to -In the case of a disregarded entity with a U.S.owner,the U.S.owner of the provide updated information if you are a C corporation that elects to be an S disregarded entity and not the entity; corporation,or if you no longer are tax exempt. In addition,you must furnish a new Form W-9 if the name or TIN changes for the account;for example,if the grantor -In the case of a grantor trust with a U.S.grantor or other U.S.owner,generally, of a grantor trust dies. the U.S.grantor or other U.S.owner of the grantor trust and not the trust;and -In the case of a U.S.trust(other than a grantor trust),the U.S.trust(other than a Penalties grantor trust)and not the beneficiaries of the trust. Failure to furnish TIN.If you fail to furnish your correct TIN to a requester,you are Foreign person.If you are a foreign person or the U.S.branch of a foreign bank subject to a penalty of$50 for each such failure unless your failure is due to that has elected to be treated as a U.S.person,do not use Form W-9.Instead,use reasonable cause and not to willful neglect. the appropriate Form W-8 or Form 8233(see Publication 515,Withholding of Tax Civil penalty for false information with respect to withholding.If you make a on Nonresident Aliens and Foreign Entities). false statement with no reasonable basis that results in no backup withholding, Nonresident alien who becomes a resident alien.Generally,only a nonresident you are subject to a$500 penalty. alien individual may use the terms of a tax treaty to reduce or eliminate U.S.tax on Criminal penalty for falsifying information.Willfully falsifying certifications or certain types of income.However,most tax treaties contain a provision known as affirmations may subject you to criminal penalties including fines and/or a"saving clause."Exceptions specified in the saving clause may permit an imprisonment. exemption from tax to continue for certain types of income even after the payee has otherwise become a U.S.resident alien for tax purposes. Misuse of TINS.If the requester discloses or uses TINs in violation of federal law, If you are a U.S.resident alien who is relying on an exception contained in the the requester may be subject to civil and criminal penalties. saving clause of a tax treaty to claim an exemption from U.S.tax on certain types of income,you must attach a statement to Form W-9 that specifies the following Specific Instructions five items: 1.The treaty country. Generally,this must be the same treaty under which you Line 1 claimed exemption from tax as a nonresident alien. You must enter one of the following on this line;do not leave this line blank.The 2.The treaty article addressing the income. name should match the name on your tax return. 3.The article number(or location)in the tax treaty that contains the saving If this Form W-9 is for a joint account,list first,and then circle,the name of the clause and its exceptions. person or entity whose number you entered in Part I of Form W-9. 4.The type and amount of income that qualifies for the exemption from tax. a. Individual.Generally,enter the name shown on your tax return.If you have changed your last name without informing the Social Security Administration (SSA) 5.Sufficient facts to justify the exemption from tax under the terms of the treaty of the name change,enter your first name,the last name as shown on your social article. security card,and your new last name. Example.Article 20 of the U.S.-China income tax treaty allows an exemption Note.ITIN applicant:Enter your individual name as it was entered on your Form from tax for scholarship income received by a Chinese student temporarily present W-7 application, line 1 a.This should also be the same as the name you entered on in the United States.Under U.S.law,this student will become a resident alien for the Form 1040/1040A/1040EZ you filed with your application. tax purposes if his or her stay in the United States exceeds 5 calendar years. However,paragraph 2 of the first Protocol to the U.S.-China treaty(dated April 30, b. Sole proprietor or single-member LLC.Enter your individual name as 1984)allows the provisions of Article 20 to continue to apply even after the shown on your 1040/1040A/1040EZ on line 1.You may enter your business,trade, Chinese student becomes a resident alien of the United States.A Chinese student or"doing business as"(DBA)name on line 2. who qualifies for this exception (under paragraph 2 of the first protocol)and is c. Partnership,LLC that is not a single-member LLC,C Corporation,or S relying on this exception to claim an exemption from tax on his or her scholarship Corporation.Enter the entity's name as shown on the entity's tax return on line 1 or fellowship income would attach to Form W-9 a statement that includes the and any business,trade,or DBA name on line 2. information described above to support that exemption. d. Other entities.Enter your name as shown on required U.S.federal tax If you are a nonresident alien or a foreign entity,give the requester the documents on line 1.This name should match the name shown on the charter or appropriate completed Form W-8 or Form 8233. other legal document creating the entity.You may enter any business,trade,or DBA name on line 2. Backup Withholding e. Disregarded entity.For U.S.federal tax purposes,an entity that is What is backup withholding?Persons making certain payments to you must disregarded as an entity separate from its owner is treated as a"disregarded under certain conditions withhold and pay to the IRS 28% of such payments.This entity." See Regulations section 301.7701-2(c)(2)(iii).Enter the owner's name on is called"backup withholding." Payments that may be subject to backup line 1.The name of the entity entered on line 1 should never be a disregarded withholding include interest,tax-exempt interest,dividends,broker and barter entity.The name on line 1 should be the name shown on the income tax return on exchange transactions,rents,royalties,nonemployee pay,payments made in which the income should be reported. For example,if a foreign LLC that is treated settlement of payment card and third party network transactions,and certain as a disregarded entity for U.S.federal tax purposes has a single owner that is a payments from fishing boat operators. Real estate transactions are not subject to U.S.person,the U.S.owner's name is required to be provided on line 1.If the backup withholding. direct owner of the entity is also a disregarded entity,enter the first owner that is You will not be subject to backup withholding on payments you receive if you not disregarded for federal tax purposes.Enter the disregarded entity's name on line 2,"Business name/disregarded entity name."If the owner of the disregarded give the requester your correct TIN,make the proper certifications, and report all your taxable interest and dividends on your tax return. entity is a foreign person,the owner must complete an appropriate Form W-8 instead of a Form W-9. This is the case even if the foreign person has a U.S.TIN. Payments you receive will be subject to backup withholding if: 1.You do not furnish your TIN to the requester, 2.You do not certify your TIN when required(see the Part II instructions on page 3 for details), Form W-9(Rev.12-2014) Page 3 Line 2 2 However,the following payments made to a corporation and reportable on Form If you have a business name,trade name,DBA name,or disregarded entity name, 1099-MISC are not exempt from backup withholding: medical and health care you may enter it on line 2. payments,attorneys'fees,gross proceeds paid to an attorney reportable under section 6045(f),and payments for services paid by a federal executive agency. Line 3 Exemption from FATCA reporting code.The following codes identify payees Check the appropriate box in line 3 for the U.S.federal tax classification of the that are exempt from reporting under FATCA.These codes apply to persons person whose name is entered on line 1.Check only one box in line 3. submitting this form for accounts maintained outside of the United States by Limited Liability Company(LLC).If the name on line 1 is an LLC treated as a certain foreign financial institutions. Therefore,if you are only submitting this form for an account you hold in the United States,you may partnership for U.S.federal tax purposes,check the"Limited Liability Company" leave field blank. ethis box and enter"P" in the space provided. If the LLC has filed Form 8832 or 2553 to Consult with the person requesting this form if you are uncertain if the financial institution is subject to these requirements.A requester may indicate that a code is be taxed as a corporation,check the"Limited Liability Company" box and in the not required by providing you with a Form W-9 with"Not Applicable" (or any space provided enter"C" for C corporation or"S" for S corporation. If it is a similar indication)written or printed on the line for a FATCA exemption code. single-member LLC that is a disregarded entity,do not check the"Limited Liability Company" box;instead check the first box in line 3"Individual/sole proprietor or A—An organization exempt from tax under section 501(a)or any individual single-member LLC." retirement plan as defined in section 7701(a)(37) Line 4, Exemptions B—The United States or any of its agencies or instrumentalities If you are exempt from backup withholding and/or FATCA reporting,enter in the C—A state,the District of Columbia,a U.S.commonwealth or possession,or appropriate s ace in o line 4 an code(s)that may apply to you. any of their political subdivisions or instrumentalities p y ( ) y pp y y D—A corporation the stock of which is regularly traded on one or more Exempt payee code. established securities markets,as described in Regulations section - Generally,individuals(including sole proprietors)are not exempt from backup 1.1472-1(c)(1)(i) withholding. E—A corporation that is a member of the same expanded affiliated group as a - Except as provided below,corporations are exempt from backup withholding corporation described in Regulations section 1.1472-1(c)(1)(i) for certain payments,including interest and dividends. F—A dealer in securities,commodities, or derivative financial instruments - Corporations are not exempt from backup withholding for payments made in (including notional principal contracts, futures,forwards,and options)that is settlement of payment card or third party network transactions. registered as such under the laws of the United States or any state - Corporations are not exempt from backup withholding with respect to attorneys' G—A real estate investment trust fees or gross proceeds paid to attorneys,and corporations that provide medical or H—A regulated investment company as defined in section 851 or an entity health care services are not exempt with respect to payments reportable on Form registered at all times during the tax year under the Investment Company Act of 1099-MISC. 1940 The following codes identify payees that are exempt from backup withholding. I—A common trust fund as defined in section 584(a) Enter the appropriate code in the space in line 4. 1—An organization exempt from tax under section 501(a),any IRA,or a J—A bank as defined in section 581 custodial account under section 403(b)(7)if the account satisfies the requirements K—A broker of section 401(f)(2) L—A trust exempt from tax under section 664 or described in section 4947(a)(1) 2—The United States or any of its agencies or instrumentalities M—A tax exempt trust under a section 403(b)plan or section 457(g)plan 3—A state,the District of Columbia,a U.S.commonwealth or possession,or Note.You may wish to consult with the financial institution requesting this form to any of their political subdivisions or instrumentalities determine whether the FATCA code and/or exempt payee code should be 4—A foreign government or any of its political subdivisions,agencies,or completed. instrumentalities Line 5 5—A corporation 6—A dealer in securities or commodities required to register in the United Enter your address(number,street,and apartment or suite number).This is where States,the District of Columbia,or a U.S.commonwealth or possession the requester of this Form W-9 will mail your information returns. 7—A futures commission merchant registered with the Commodity Futures Line 6 Trading Commission Enter your city,state,and ZIP code. 8—A real estate investment trust 9—An entity registered at all times during the tax year under the Investment Part I. Taxpayer Identification Number(TIN) Company Act of 1940 Enter your TIN in the appropriate box.If you are a resident alien and you do not 10—A common trust fund operated by a bank under section 584(a) have and are not eligible to get an SSN,your TIN is your IRS individual taxpayer identification number(ITIN).Enter it in the social security number box. If you do not 11—A financial institution have an ITIN,see How to get a TIN below. 12—A middleman known in the investment community as a nominee or If you are a sole proprietor and you have an EIN,you may enter either your SSN custodian or EIN.However,the IRS prefers that you use your SSN. 13—A trust exempt from tax under section 664 or described in section 4947 If you are a single-member LLC that is disregarded as an entity separate from its The following chart shows types of payments that may be exempt from backup owner(see Limited Liability Company(LLC)on this page),enter the owner's SSN withholding. The chart applies to the exempt payees listed above,1 through 13. (or EIN,if the owner has one).Do not enter the disregarded entity's EIN.If the LLC is classified as a corporation or partnership,enter the entity's EIN. IF the payment is for... THEN the payment is exempt for... Note.See the chart on page 4 for further clarification of name and TIN combinations. Interest and dividend payments All exempt payees except How to get a TIN.If you do not have a TIN,apply for one immediately.To apply for for 7 an SSN,get Form SS-5,Application for a Social Security Card,from your local SSA office or get this form online at wvvwssa.gov.You may also get this form by calling Broker transactions Exempt payees 1 through 4 and 6 1-800-772-1213. Use Form W-7,Application for IRS Individual Taxpayer through 11 and all C corporations. S Identification Number,to apply for an ITIN,or Form SS-4,Application for Employer corporations must not enter an exempt Identification Number,to apply for an EIN.You can apply for an EIN online by payee code because they are exempt accessing the IRS website at www.irs.gou/businesses and clicking on Employer only for sales of noncovered securities Identification Number(EIN)under Starting a Business.You can get Forms W-7 and acquired prior to 2012. SS-4 from the IRS by visiting IRS.gov or by calling 1-800-TAX-FORM (1-800-829-3676). Barter exchange transactions and Exempt payees 1 through 4 If you are asked to complete Form W-9 but do not have a TIN,apply for a TIN patronage dividends and write"Applied Foy'in the space for the TIN,sign and date the form,and give it to the requester.For interest and dividend payments,and certain payments made Payments over$600 required to be Generally,exempt payees with respect to readily tradable instruments,generally you will have 60 days to get reported and direct sales over$5,000 1 through 52 a TIN and give it to the requester before you are subject to backup withholding on payments.The 60-day rule does not apply to other types of payments.You will be Payments made in settlement of Exempt payees 1 through 4 subject to backup withholding on all such payments until you provide your TIN to payment card or third party network the requester. transactions Note.Entering"Applied Foy'means that you have already applied for a TIN or that 1 See Form 1099-MISC,Miscellaneous Income,and its instructions. you intend to apply for one soon. Caution:A disregarded U.S.entity that has a foreign owner must use the appropriate Form W-8. Form W-9(Rev.12-2014) Page 4 Part II. Certification 3You must show your individual name and you may also enter your business or DBAname on the"Business name/disregarded entity"name line.You may use either your SSN or EIN(ifyou To establish to the withholding agent that you are a U.S.person,or resident alien, have one),but the IRS encourages you to use your SSN. sign Form W-9.You may be requested to sign by the withholding agent even if 4 items 1,4,or 5 below indicate otherwise. List first and circle the name of the trust,estate,or pension trust.(Do not furnish the TINof the personal representative or trustee unless the legal entity itself is not designated in the account For a joint account,only the person whose TIN is shown in Part I should sign title.)Also see Special rules for partnerships on page 2. (when required).In the case of a disregarded entity,the person identified on line 1 *Note.Grantor also must provide a Form W-9 to trustee of trust. must sign.Exempt payees,see Exempt payee code earlier. Note. If no name is circled when more than one name is listed,the number will be Signature requirements.Complete the certification as indicated in items 1 considered to be that of the first name listed. through 5 below. Secure Your Tax Records from Identity Theft 1.Interest,dividend,and barter exchange accounts opened before 1984 and broker accounts considered active during 1983.You must give your Identity theft occurs when someone uses your personal information such as your correct TIN,but you do not have to sign the certification. name,SSN,or other identifying information,without your permission,to commit 2.Interest,dividend,broker,and barter exchange accounts opened after fraud or other crimes.An identity thief may use your SSN to get a job or may file a 1983 and broker accounts considered inactive during 1983.You must sign the tax return using your SSN to receive a refund. certification or backup withholding will apply. If you are subject to backup To reduce your risk: withholding and you are merely providing your correct TIN to the requester,you -Protect your SSN, must cross out item 2 in the certification before signing the form. -Ensure your employer is protecting your SSN,and 3.Real estate transactions.You must sign the certification. You may cross out item 2 of the certification. -Be careful when choosing a tax preparer. 4.Other payments.You must give your correct TIN,but you do not have to sign If your tax records are affected by identity theft and you receive a notice from the certification unless you have been notified that you have previously given an the IRS,respond right away to the name and phone number printed on the IRS incorrect TIN."Other payments" include payments made in the course of the notice or letter. requester's trade or business for rents,royalties,goods(otherthan bills for If your tax records are not currently affected by identity theft but you think you merchandise),medical and health care services(including payments to are at risk due to a lost or stolen purse or wallet,questionable credit card activity corporations),payments to a nonemployee for services,payments made in or credit report,contact the IRS Identity Theft Hotline at 1-800-908-4490 or submit settlement of payment card and third party network transactions,payments to Form 14039. certain fishing boat crew members and fishermen,and gross proceeds paid to attorneys(including payments to corporations). For more information,see Publication 4535,Identity Theft Prevention and Victim Assistance. 5.Mortgage interest paid by you,acquisition or abandonment of secured Victims of identity theft who are experiencing economic harm or a system property,cancellation Cover debt,qualified tuition program payments(under problem,or are seeking help in resolving tax problems that have not been resolved section ions IRA,pension ell ESA,Archer MSA u HSA contributions IN through normal channels,may be eligible for Taxpayer Advocate Service(TAS) distributions,and pension distributions.You must give your correct TIN,but you assistance.You can reach TAS by calling the TAS toll-free case intake line at do not have to sign the certification. 1-877-777-4778 or TTY/TDD 1-800-829-4059. What Name and Number To Give the Requester Protect yourselffrom suspicious emails or phishing schemes. Phishing is the creation and use of email and websites designed to mimic legitimate business For this type of account: Give name and SSN of: emails and websites.The most common act is sending an email to a user falsely 1.Individual The individual claiming to be an established legitimate enterprise in an attempt to scam the user into surrendering private information that will be used for identity theft. 2.Two or more individuals(joint The actual owner of the account or, account) if combined funds,the first The IRS does not initiate contacts with taxpayers via emails.Also,the IRS does individual on the account' not request personal detailed information through email or ask taxpayers for the PIN numbers,passwords,or similar secret access information for their credit card, 3.Custodian account of a minor The minor' bank,or other financial accounts. (Uniform Gift to Minors Act) If you receive an unsolicited email claiming to be from the IRS,forward this 4.a.The usual revocable savings The grantor-trustee' message to phishing@irs.gov.You may also report misuse of the IRS name,logo, trust(grantor is also trustee) or other IRS property to the Treasury Inspector General for Tax Administration b.So-called trust account that is The actual owner' (TIGTA)at 1-800-366-4484. You can forward suspicious emails to the Federal not a legal or valid trust under Trade Commission at:spam@uce.gov or contact them at www.ftc.gov/idtheft or state law 1-877-IDTHEFT(1-877-438-4338). 5.Sole proprietorship or disregarded The owner' Visit IRS.gov to learn more about identity theft and how to reduce your risk. entity owned by an individual 6.Grantor trust filing under Optional The grantor* Privacy Act Notice Form 1099 Filing Method 1 (see Regulations section 1.671-4(b)(2)(i) Section 6109 of the Internal Revenue Code requires you to provide your correct TIN (A)) to persons(including federal agencies)who are required to file information returns with the IRS to report interest,dividends,or certain other income paid to you; For this type of account: Give name and EIN of: mortgage interest you paid;the acquisition or abandonment of secured property; 7.Disregarded entity not owned by an The owner the cancellation of debt;or contributions you made to an IRA,Archer MSA,or HSA. individual The person collecting this form uses the information on the form to file information 8.A valid trust,estate,or pension trust Legal entity' returns with the IRS,reporting the above information. Routine uses of this information include giving it to the Department of Justice for civil and criminal 9.Corporation or LLC electing The corporation litigation and to cities,states,the District of Columbia,and U.S.commonwealths corporate status on Form 8832 or and possessions for use in administering their laws.The information also may be Form 2553 disclosed to other countries under a treaty,to federal and state agencies to enforce 10.Association,club,religious, The organization civil and criminal laws,or to federal law enforcement and intelligence agencies to charitable,educational,or other tax- combat terrorism.You must provide your TIN whether or not you are required to file exempt organization a tax return.Under section 3406,payers must generally withhold a percentage of 11.Partnership or multi-member LLC The partnership taxable interest,dividend,and certain other payments to a payee who does not give a TIN to the payer.Certain penalties may also apply for providing false or 12.A broker or registered nominee The broker or nominee fraudulent information. 13.Account with the Department of The public entity Agriculture in the name of a public entity(such as a state or local government,school district, or prison)that receives agricultural program payments 14.Grantor trust filing under the Form The trust 1041 Filing Method or the Optional Form 1099 Filing Method 2(see Regulations section 1.671-4(b)(2)(i) (B)) 1 List first and circle the name of the person whose number you furnish.If only one person on a joint account has an SSN,that person's number must be furnished. 2 Circle the minor's name and furnish the minor's SSN. S4 S 'S P' Jy� fl r '\ 1 Y \ f itilll!;44! lits 4a`j RA ooeoo • - • • { A Id,R/018fifiv 0 u tre a c h M8 ,�rsm h G umn mmmn ummmmmm OW S ,. S C i S ). BUSINESS ! The Boynton Beach CRA 1s excited to inform you about our Social Media Outreach Program! Our ' goal is to helpbusinesses i ' establish line presence. The best ? is - ®completely ! Renee Roberts, Social Media & Communications Specialist, is here to teach you the tools you need to successfully market your busi ss on social i ' and online platforms. This program aims to help business owners manage . . and learn how to utilize social i s. We offer a range of services, from starting si ss accounts, building ad campaigns for events to special i s, or postingactivity products.and Contact us today to get started! CONTACT INFORMATION: Name: Q r • Business: Email: • f� h; ..iii . LJ I N ESI RA COMMUMTY REDEVELOPMENT AGENCY EN October 1 , 2018 — September 30, 2019 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY COMMERICAL PROPERTY IMPROVEMENT GRANT PROGRAM Program Rules and Regulations The Commercial Property Improvement Grant Program is designed to help facilitate the establishment of new businesses and aid in the expansion of existing businesses within the Boynton Beach Community Redevelopment Agency (the "CRA") District. The program is designed to provide financial assistance to new and existing businesses in the form of a reimbursable grant intended to reduce the initial costs associated with the repair and rehabilitation of buildings or other improvements in accordance with the CRA Community Redevelopment Plan. Improvements paid for by the CRA must be permanent and stay with the building. The CRA reserves the right to approve or deny any Commercial Property Improvement Grant Program application and to deny payment at any time if, in its sole and absolute discretion, it determines that the business will not advance the goals and objectives established for redevelopment of the CRA District. For purposes of this application, the term "new business" means a company in operation for less than six months or relocating to Boynton Beach. The term "existing business" means a company that has been in operation within the CRA District for a minimum of two years at the time of application and has at least two years remaining on its existing lease. The term "project" means the eligible exterior or interior improvement project for which the applicant seeks reimbursement. Initials Page 1 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com The Boynton Beach CRA is a public agency and is governed by the "Florida Public Records Law" under Florida State Statutes, Chapter 119. Any documents provided by the Applicant(s) may be produced the CRA upon receipt of a public records request, subject to any exemptions provided by Florida Law. Incentive Funding The Commercial Property Improvement Grant Program offers financial assistance to the landlord or business owner in the form of a reimbursable, matching grant for 50% of eligible expenses, up to $50,000, associated with the construction or renovation of the exterior and interior elements of the commercial operating space. Applicants are encouraged to take advantage of the City of Boynton Beach's PACE Program to help defer the cost of installing energy efficient items. Information regarding the PACE Program is available online at http-//www.boynton-beach.org/go- green/pace_program.php or by contacting the City of Boynton Beach at (561) 742-6067. Attached is the ReNew PACE Eligible Product List. Eligibility Requirements Applicants must meet all of the following requirements in order to be considered eligible to receive grant funding: • Applicant must be the business entity (or d/b/a) named and the principal owners named on the corporation documents, and must be the landlord or business owner of the company occupying the property to be improved. • Must be located within the CRA District (see attached map). • Must provide proof that the commercial business is properly licensed by all necessary levels of government and professional associations or agencies (copies of City and County licenses or receipts that the licenses have been applied for). • Improvements to non-profit and residentially zoned properties are NOT eligible expenses. • Applicant must have an executed multi-year lease with at least two years remaining on the lease. • Proposed leases must be executed within 30 days of CRA Board approval or the grant award is terminated. Initials Page 2 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com • The Applicant's Experian consumer credit report must reflect an acceptable level of financial stability, as determined in the sole discretion of the CRA. A copy of the consumer report will be provided to the applicant upon request. Applicants must have an Experian credit score of 601 or higher and have no listed history of bankruptcy to be eligible. If there is more than one business owner, the majority of the business owners must have credit scores of 601 or higher to be eligible. • All work must be done in compliance with applicable City of Boynton Beach Building Codes and Land Development Regulations. All contractors must be licensed as required to work in Boynton Beach and/or Palm Beach County. For any projects valued more than $250,000 (based on the project's construction value as it appears on the Palm Beach County-Wide/Municipal Building Permit Application Form submitted to the City of Boynton Beach), preference will be given to projects that will use contractors with an office in Palm Beach County. Please contact the City of Boynton Beach Development Department regarding the proposed work to be performed prior to submitting a grant application. • Grant funding amounts will be based on the applicant's project budget, specified at the time of the CRA Board approval, plus an added 20% contingency funding amount. • Grant funds will be reimbursed exclusively for approved work and approved change orders. • The Commercial Property Improvement Grant Program may only be used one time in any five year period for any one property. Entities hoping to improve properties that were previously improved using a CRA improvement grant may apply for additional grants any time after five years from previous grant approval. • In order to qualify for the grant, the subject property may not have any outstanding City of Boynton Beach liens at the time the applicant seeks reimbursement. To ensure that the property does not have any outstanding liens, violations or monies owed for utilities, the CRA will perform a lien search on the property at a cost of $115.00, which will be deducted from any grant funding awarded to the recipient. In the event that there is an outstanding lien against the property, the grant will not be awarded until the complete satisfaction of the lien. • The property owner or tenant must complete the project, obtain a Certificate of Occupancy/Completion from the City of Boynton Beach, and submit for reimbursement within 180 days of the issuance date of the permit for the project. If CRA Board Approves grant funding and the work being performed does not require a permit, the Certificate of Completion (or equivalent) and application for Initials Page 3 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com reimbursement must be within 180 days of the grant award. Failure to complete the improvements within the specified time frame will result in termination of the grant award. Only one 60 day administrative extension will be permitted, and the CRA has the sole and absolute discretion to grant or deny such extension. • Project items completed and paid for by the applicant more than 60 days prior to grant approval by the CRA Board are not eligible for reimbursement under the grant program. A complete application must be received within 60 days of payment in order for an expense to be eligible for reimbursement. Once a complete application is received, the application will be placed on the next available agenda for review and potential approval. • CRA Board approval of this grant results only in funding. Approval of CRA grant funding is NOT approval of any type of City processes including, but not limited to, permits and site plan modification. Applicants must apply for permits and site plan modification through the appropriate departments at the City. All commercial projects require permitting and site plan modification reviews. It is the responsibility of the applicant to obtain all necessary City approvals. • Grantees shall allow the CRA the rights and use of photos and project application materials. • The CRA Board may give preference to local businesses. For purposes of this grant, local business means a duly licensed business entity with an office location in Palm Beach County. Projects and items eligible for funding under this grant program are limited to: • Structural walls • Plumbing • Flooring • Grease trap installation • HVAC system • ADA Improvements • Electrical systems, • Hood & fire • Signage including lighting suppression • Doors/windows • Landscaping and • Parking lot re-paving, • Patio decks irrigation within the re-sealing, and/or connected to the project site restriping building • Painting • Fencing (excluding • Demolition of structure • Roofing (Not to chain link, barbed wire, and re-sodding of exceed 50% of and wood panels) vacant property total grant award) • Electric vehicle charging • Solar electricity and stations — See attached water heating — See ReNew PACE Eligible attached ReNew PACE Product List Eligible Product List Initials Page 4 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com Ineligible Businesses The following businesses are considered ineligible for assistance under the Commercial Property Improvement Grant Program: • Firearm Sales/Shooting Ranges • Convenience Stores • Religion-Affiliated Retail Stores • Churches/places of worships • Non-profit Organizations • Alcohol and/or Drug Rehabilitation • Adult Gambling Arcades Centers/Housing • Check Cashing Stores • Medical Research Centers/Housing • Adult Entertainment • Massage/Personal Services • Vapor Cigarette, E Cigarette Stores • Any other use that the CRA staff or CRA Board determine will not support the redevelopment of the CRA District Grant Terms and Conditions This grant is divided into three tiers of eligibility. Businesses are classified into tiers based on the type of business, which then determines the amount of eligible funding. All reimbursement checks from the CRA to the successful applicant will be made out to the applicant (the business entity). Grant funding amounts will be based on the applicant's project budget specified at the time of CRA Board approval, plus an added 20% for contingency funding. Tier One Business Tier One Businesses are eligible for reimbursement of 50% of the applicant's project budget as specified at the time of CRA Board approval, up to a maximum amount of $50,000 in grant funding. Tier One Businesses must be one of the following types of business: • Restaurant • Bakery • Gourmet Food Market Initials Page 5 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com Tier Two Business Tier Two Businesses are eligible for reimbursement of 50% of the applicant's project budget as specified at the time of CRA Board approval, up to a maximum amount of $25,000 in grant funding. Examples of Tier Two Businesses include, but are not limited to, the following types of businesses: • Home Decor/Design — home • Boutiques — clothing, shoes & furnishings, art galleries, kitchen accessories wares • Law Offices • Accounting Offices • Hair/Nail Salons (no more than two • Real Estate Offices approvals per fiscal year) • Bed and Breakfast • Medical Offices • Marketing Offices • Insurance Offices • Fitness Facilities — yoga, dance • Take Out Restaurants exercise, martial arts, etc. • Tattoo Parlor/Body Piercing/Body • Specialty Retail Businesses — Art Shop (no more than two stationary, gifts, sporting goods approvals per fiscal year) • Florists (no more than two approvals per fiscal year) Tier Three Business (no more than two approvals per fiscal year) Tier Three Businesses are subject to CRA Board for review and approval. Tier Three Businesses eligible for reimbursement of 50% of the applicant's project budget as specified at the time of CRA Board approval, up to a maximum amount of $15,000 in grant funding. Tier Three Businesses must be one of the following types of businesses: • Auto Services Facilities — repair, • Pawn Shops storage, sales, etc. • Liquor Store • Kava Tea Bar Initials Page 6 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com Lease Terms If the applicant is a tenant, it must have a proposed or executed multi-year lease with a minimum of two years remaining on lease. The commercial lease must define the landlord-tenant relationship and at minimum provide the following information: • A description of the space being rented, including square footage and a drawing of the space; • Description of utilities that are the tenant's responsibility; • Rental rate and deposits along with terms of lease and methodology for future rent increases; • Responsible party for interior and exterior repairs and/or improvements; • Insurance requirements; • Ability to terminate; and • Consequences of default on the lease. Application Process Applications can be obtained from the CRA office located at 710 North Federal Highway, Boynton Beach, FL 33435 or downloaded from www.catchboynton.com. All applicants are required to meet with CRA staff in order to determine eligibility before submitting an application. Applications will not be considered until all required documentation is submitted to the CRA office. Application to this grant program is not a guarantee of funding. Funding is at the sole discretion of the CRA Board. Applicants must submit an original, "hard copy" application with all materials to the CRA for review and approval by the CRA Board. Applicants will be considered on a first- come, first-serve basis. Application packets must include the following documentation- 1. ocumentation:1. A non-refundable fee of $100, which will be used to obtain a consumer credit report on the business and principal/owners of business. Make check payable to: Boynton Beach CRA. 2. Written detailed project budget describing the improvements to be done to the property. It must list all project costs for which the applicant is requesting reimbursement. The project budget must provide a total cost of the project. Initials Page 7 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com 3. Cost estimate(s) from a licensed contractor(s) as specified in the applicant's project budget. 4. Signage design, project color chips, material samples and material specifications, if applicable. 5. Copy of building permit receipt/application. If the permit has not been applied for prior to submission of the grant application, a copy of the building permit receipt is due within 90 days of grant approval, or the grant award may be terminated. 6. Resume for each principal/owner of the business. 7. Copy of the corporate documents for the applying business entity. 8. Copy of executed multi-year commercial lease agreement. 9. Copy of Warranty Deed. 10.Two years of corporate tax returns (for existing businesses only). 11.Two years of personal tax returns for the principal/owners of a new business. 12.Copy of design and construction plans associated with the proposed improvements. 13.List of jobs to be created and filled including job descriptions, pay range and weekly schedule. For existing businesses, provide a list of all current positions including job descriptions, pay range and weekly schedule. 14.A minimum of four color digital "before" photos of the exterior and interior portions of the project. 15.Completed and signed application (attached). 16.Authorization to perform credit check for the business and each principal/owner of the business (attached). 17.W9 Form (attached). 18.City Planning and Development Department Acknowledgement Form (attached). 19.City Permit Department Acknowledgement Form (attached). The above referenced City Forms (line 18 and 19) must be completed and submitted to the appropriate departments, which are located at City Hall 3310 Quantum Boulevard, Suite 101, Boynton Beach, FL 33426. Phone (561) 742-6000. Approval of Funding Request All required documentation must be submitted no later than noon two weeks prior to the second Tuesday of the month. CRA staff will review the application to evaluate whether the project is eligible for reimbursement. If it meets these requirements, CRA staff will present the funding request to the CRA Board for review and potential approval. Initials Page 8 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboVnton.com The CRA Board meets on the second Tuesday of each month at the Intracoastal Park Clubhouse located at 2240 N. Federal Highway, Boynton Beach, FL 33435. The schedule for CRA Board meetings can be obtained at www.catchboynton.com. Applicants will be notified of the date and time that their applications will be considered by the CRA Board. The CRA recommends that applicants attend the CRA Board meeting during which the Board will consider their applications in order to answer any questions the CRA Board may have regarding their applications. CRA staff will notify the applicant of the CRA Board's approval or denial in writing. Site Visits CRA may conduct a site visit prior to transmitting the application to the CRA Board and once the project is completed. Staff may also conduct unannounced site visits before, during, and after the project in order to determine and ensure compliance with the terms of the grant. Procedures for Reimbursement This program is designed as a matching 50% reimbursable grant. All work must be completed and paid for by the applicant prior to the release of CRA funds. The CRA will provide reimbursement to the applicant upon submittal of a complete reimbursement request package. All reimbursement requests and supporting documents must be submitted to the CRA (3) days prior to the grant expiration date. The CRA may refuse to issue grant funding if the submission is not received by the specified time. Once the work is completed the Reimbursement Request shall be summarized in a report and accompanied by the following documentation: 1. Invoices, receipts or other acceptable evidence of payment from suppliers and licensed contractor(s) that have been marked "paid in full." Proposals for "work to be completed" or "bids" are not considered proper documentation. a. Each item must be supported by a cancelled check showing the face of the check, as well as the back of the cancelled check. The only forms of cash payments that are acceptable as evidence of payments are cashier's checks and bank transfers. A copy of the cashier's check to the payee Initials Page 9 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com must be provided as proof of payment. If payment is being made by a bank transfer, a copy of the statement from both payer and payee showing the transaction and/or copy of the email/text verification from both parties. 2. A "final release of lien" signed by each licensed contractor(s). See attached Sample of a Final Release of Lien form. 3. Copy of City of Boynton Beach and Palm Beach County licenses (Business Tax Receipt). 4. A minimum of 4 color "after" photos of the project. By submitting for reimbursement, the applicant warrants that all bills for which applicant is directly responsible related to the project are paid in full including, but not limited to, all contractors, labor, materials, related fees and permits. Grantees may not submit work improvements for reimbursement that have been used as part of a reimbursement request for any other grant program offered by the CRA, City of Boynton Beach, Palm Beach County or the State of Florida. The Commercial Property Improvement Grant Program will only reimburse applicants for new expenditures that have not been submitted to other grant programs for reimbursement. SUBMISSION OF AN APPLICATION IS NOT A GUARANTEE OF FUNDING It is the responsibility of the applicant to READ AND UNDERSTAND all aspects of the Grant Program's Rules/Requirements and Application. NOTICE TO THIRD PARTIES: The grant application program does not create any rights for any parties, including parties that performed work on the project. Nor shall issuance of a grant result in any obligation on the part of the CRA to any third party. The CRA is not required to verify that entities that have contracted with the applicant have been paid in full, or that such entities have paid any subcontractors in full. Applicant's warranty that all bills related to the Project for which the applicant is directly responsible have been paid is sufficient assurance for the CRA to award grant funding. Initials Page 10 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA APPLICANT INFORMATION BUSINESS INFORMATION: Business Name (d/b/a if applicable): Current Business Address: Fed I D#: Business Phone Number: Cell: Website: Existing Business: Yes No Number of years in existence: Time at Current Location: New Business to Boynton Beach: Yes No Do you have an executed lease agreement: Yes _ No _ If so, monthly base rent: New Business Address (if applicable): Square footage of current location: Square footage of new location: Type of Business: Number of Employees: Hours of Operation: List of improvements seeking reimbursement for: Requested grant amount: Page 11 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA APPLICANT INFORMATION PRINCIPAL/OWNER INFORMATION: (If more than 4 principals/owners additional sheets may be used) 1. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: 2. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: 3. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: 4. Principal/Owner Name: Date of Birth: Email: Residential Address: Cell Phone Number: Are you applying for grant assistant under any other program offered by the CRA? Yes No If yes, what additional programs are you applying for: Page 12 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA APPLICANT INFORMATION Are you receiving grant assistance under any other governmental agencies: Yes _ No If yes, list any additional grant sources and amounts: LANDLORD INFORMATION: Landlord Name: Landlord's Mailing Address: Landlord's Phone Number: CERTIFICATION AND WAIVER OF PRIVACY: For purposes of this certification and waiver of privacy, the term "I" refers to the applicant and to all signatories below individually. By signing below, each signatory represents and confirms that he or she is authorized to sign on behalf of the applicant(s). 1, the undersigned applicant(s), certify that all information presented in this application, and all of the information furnished in support of the application, is given for the purpose of obtaining a grant under the Boynton Beach Community Redevelopment Agency Commercial Property Improvement Grant Program, and it is true and complete to the best of my knowledge and belief. I further certify that I am aware of the fact that I can be penalized by fine and/or imprisonment for making false statements or presenting false information. I further acknowledge that I have read and understand the terms and conditions set forth and described in the Boynton Beach Community Redevelopment Agency Commercial Property Improvement Grant Program Rules and Requirements. Initials Page 13 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA APPLICANT INFORMATION I understand that this application is not a guarantee of grant assistance, and that award of grants is at the sole discretion of the Boynton Beach Community Redevelopment Agency Board. I understand that the purpose of the grant is to further the Boynton Beach Community Redevelopment Plan, and that the Boynton Beach Community Redevelopment Agency may decline my application for any legal reason, including the reason that granting the award will not further the Community Redevelopment Plan. Should my application be approved, I understand that the Boynton Beach Community Redevelopment Agency may, at its sole discretion, discontinue grant payments at any time if in its sole and absolute determination it feels such assistance no longer meets the program criteria or is no longer in furtherance of the Boynton Beach Community Redevelopment Plan. To the maximum extent possible, I hereby waive my rights to privacy and confidentiality for all matters contained in this application, and give my consent to the Boynton Beach Community Redevelopment Agency, its agents and contractors to examine any confidential information given herein. I further grant permission, and authorize any bank, employers or other public or private agency to disclose information deemed necessary to complete this application. I specifically authorize the CRA to run a credit report as part of this application, and understand that information in my credit report, including a record of bankruptcy, may disqualify me from obtaining grant funding. I give permission to the CRA or its agents to take photos of myself and business to be used to promote the program. I understand that if this application and the information furnished in support of the application are found to be incomplete, it will be not processed. Initials Page 14 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA APPLICANT INFORMATION APPLICANT SIGNATURES: 1. Principal/Owner's Signature Date Printed Name Title 2. Principal/Owner's Signature Date Printed Name Title 3. Principal/Owner's Signature Date Printed Name Title 4. Principal/Owner's Signature Date Printed Name Title Notary as to Principal/Owner's Signatures - Multiple notary pages may be used if signing individually STATE OF COUNTY OF BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared who is/are personally known to me or produced as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this day of 20 NOTARY PUBLIC My Commission Expires: Page 15 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA LANDLORD INFORMATION LANDLORD SIGNATURES: 1. Landlord's Signature Date Printed Name Title 2. Landlord's Signature Date Printed Name Title Notary as to Principal/Owner's Signatures - Multiple notary pages may be used if signing individually STATE OF COUNTY OF BEFORE ME, an officer duly authorized by law to administer oaths and take acknowledgements, personally appeared who is/are personally known to me or produced as identification, and acknowledged he/she executed the foregoing Agreement for the use and purposed mentioned in it and that the instrument is his/her act and deed. IN WITNESS OF THE FOREGOING, I have set my hand and official seal in the State and County aforesaid on this day of 20 NOTARY PUBLIC My Commission Expires: Page 16 of 16 Property Improvement 710 North Federal Highway, Boynton Beach, FL 33435— Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA AUTHORIZATION TO PERFORM A CREDIT CHECK FOR PRINCIPAL/OWNER The applicant hereby consents to and authorizes the Boynton Beach Community Redevelopment Agency's ("CRA") investigation into the credit worthiness of the applicant. Such consent and authorization is given with respect to any and all persons who may conduct an investigation of the applicant's credit worthiness on behalf of the CRA, including independent contractors and credit agencies retained by the CRA for such purpose. Any information provided to the CRA is a public record subject to the provisions of Ch. 119 F.S. Applicant grants such consent and authorization to the CRA for the period commencing as of the date of this authorization and terminating on the date the grant has been fulfilled. This applicant hereby waives and all claims, past, present or future, which the applicant may have against the CRA by reason of any credit investigation made pursuant to applicant's consent and authorization herein give to the CRA. An authorization to Perform Credit Check needs to be complete by each Principal/Owner and by the Business. Please us a separate form for each principal/owner: Principal/Owner Name: Date of Birth: Current Home Address: Previous Home Address: Email: Phone Number: Signature: Date: 710 North Federal Highway, Boynton Beach, FL 33435—Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "I loom BLACM �t; RA AUTHORIZATION TO PERFORM A CREDIT CHECK FOR BUSINESS The applicant hereby consents to and authorizes the Boynton Beach Community Redevelopment Agency's ("CRA") investigation into the credit worthiness of the applicant. Such consent and authorization is given with respect to any and all persons who may conduct an investigation of the applicant's credit worthiness on behalf of the CRA, including independent contractors and credit agencies retained by the CRA for such purpose. Any information provided to the CRA is a public record subject to the provisions of Ch. 119 F.S. Applicant grants such consent and authorization to the CRA for the period commencing as of the date of this authorization and terminating on the date the grant has been fulfilled. This applicant hereby waives and all claims, past, present or future, which the applicant may have against the CRA by reason of any credit investigation made pursuant to applicant's consent and authorization herein give to the CRA. An authorization to Perform Credit Check needs to be complete by each Principal/Owner and by the Business. Business (d/b/a if applicable): Federal Tax I D #: Current Business Address: State of Corporation: Email: Phone Number: Fax Number: Signature: Date: Title: 710 North Federal Highway, Boynton Beach, FL 33435—Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "II r loom BLACM �t; RA CITY OF BOYNTON BEACH PLANNING & DEVELOPMENT DEPT. ACKNOWLEDGEMENT FORM COMMERCIAL PROPERTY IMPROVEMENT GRANT PROGRAM CRA Grant Applicant: has met with the City's Planning & Development Department to review the improvements that will done on the property located at: List of Improvements: City of Boynton Beach Planning & Development Dept. Reviewed by: Date: Requirements: 710 North Federal Highway, Boynton Beach, FL 33435—Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com { n BOYNT011 "II r loom BLACM �t; RA CITY OF BOYNTON BEACH PERMIT DEPT. ACKNOWLEDGEMENT FORM COMMERCIAL PROPERTY IMPROVEMENT GRANT PROGRAM CRA Grant Applicant: has met with the City's Permit Department to review the improvements that will done on the property located at: List of Improvements: City of Boynton Beach Permit Dept. Reviewed by: Date: Requirements: 710 North Federal Highway, Boynton Beach, FL 33435—Phone: (561) 737 -3256 Fax: (561) 737 -3258 www.catchboynton.com WAIVER AND RELEASE OF LIEN UPON FINAL PAYMENT (PAYMENT BY CHECK) The undersigned lienor, in consideration of the final payment in the amount of $ and condition upon payment of check number issued to the undersigned by in said amount, waives and releases its lien and right to claim a lien for labor, services or materials furnished to (customers) on the job of(owner property) to the following described property: Dated on: , 20 Lienor's Name Address By Printed Name BOYNTON t# t. ICRA MAP Hypoluxo Rd v v l Mrs Miner Rd Miner Rd t NE 26th Ave U v z 'o Z o . 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Do not Department of the Treasury Identification Number and Certification send to the IRS. Internal Revenue Service 1 Name(as shown on your income tax return).Name is required on this line;do not leave this line blank. N 2 Business name/disregarded entity name,if different from above (D 0) M 3 Check appropriate box for federal tax classification;check only one of the following seven boxes: 4 Exemptions(codes apply only to certain entities, not individuals;see N ❑Individual/sole proprietor or ❑ C Corporation F]S Corporation F] Partnership F] Trust/estate instructions on page 3): ar c single-member LLC Q El Limited liability company. Enter the tax classification(C=C corporation,S=S corporation, P=partnership)01Exempt payee code(if any) `o Note. For a single-member LLC that is disregarded,do not check LLC;check the appropriate box in the line above for Exemption from FATCA reporting y the tax classification of the single-member owner. code(if any) CLE] 01Other(see instructions) (Applies to accounts maintained outside the U.S.) V w 5 Address(number,street,and apt.or suite no.) Requester's name and address(optional) v a CL CO 6 City,state,and ZIP code (D U) 7 List account number(s)here(optional) Taxpayer Identification Number(TIN) Enter your TIN in the appropriate box. The TIN provided must match the name given on line 1 to avoid Social security number backup withholding. For individuals, this is generally your social security number(SSN). However,for a resident alien,sole proprietor, or disregarded entity, see the Part I instructions on page 3. For other — — entities, it is your employer identification number(EIN). If you do not have a number, see How to get a L I TIN on page 3. or Note. Ifthe account is in more than one name,see the instructions for line 1 and the chart on page 4 for Employer identification number guidelines on whose number to enter. F3 Ma Certification Under penalties of perjury, I certify that: 1. The number shown on this form is my correct taxpayer identification number(or I am waiting for a number to be issued to me);and 2. I am not subject to backup withholding because:(a)I am exempt from backup withholding, or(b)I have not been notified by the Internal Revenue Service(IRS)that I am subject to backup withholding as a result of a failure to report all interest or dividends, or(c)the IRS has notified me that I am no longer subject to backup withholding; and 3. I am a U.S.citizen or other U.S. person(defined below);and 4. The FATCA code(s)entered on this form (if any)indicating that I am exempt from FATCA reporting is correct. Certification instructions.You must cross out item 2 above if you have been notified by the IRSthat you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement(IRA),and generally,payments other than interest and dividends, you are not required to sign the certification, but you must provide your correct TIN.See the instructions on page 3. Sign Signature of Here U.S.person► Date► General Instructions -Form 1098(home mortgage interest),1098-E(student loan interest),1098-T (tuition) Section references are to the Internal Revenue Code unless otherwise noted. -Form 1099-C(canceled debt) Future developments.Information about developments affecting Form W-9(such -Form 1099-A(acquisition or abandonment of secured property) as legislation enacted after we release it)is at www.irs.gov/fw9. Use Form W-9 only if you are a U.S.person(including a resident alien),to Purpose of Form provide your correct TIN. An individual or entity(Form W-9 requester)who is required to file an information If you do not return Form W-9 to the requester with a TIN,you might be subject return with the IRS must obtain your correct taxpayer identification number(TIN) to backup withholding. See What is backup withholding?on page 2. which may be your social security number(SSN),individual taxpayer identification By signing the filled-out form,you: number(ITIN),adoption taxpayer identification number(ATIN),or employer 1.Certify that the TIN you are giving is correct(or you are waiting for a number identification number(EIN),to report on an information return the amount paid to to be issued), you,or other amount reportable on an information return.Examples of information returns include,but are not limited to,the following: 2.Certify that you are not subject to backup withholding,or -Form 1099-INT(interestearned or paid) 3.Claim exemption from backup withholding if you are a U.S.exempt payee.If -Form 1099-DIV(dividends,including those from stocks or mutual funds) applicable,you are also certifying that as a U.S.person,your allocable share of any partnership income from a U.S.trade or business is not subject to the -Form 1099-MISC(varioustypes of income,prizes,awards,or gross proceeds) withholding tax on foreign partners'share of effectively connected income,and -Form 1099-B(stock or mutual fund sales and certain other transactions by 4.Certify that FATCA code(s)entered on this form(if any)indicating that you are brokers) exempt from the FATCA reporting,is correct. See What is FA TCA reporting?on -Form 1099-S(proceeds from real estate transactions) page 2 for further information. -Form 1099-K(merchant card and third party network transactions) Cat.No.10231X Form W-9 (Rev.12-2014) Form W-9(Rev.12-2014) Page 2 Note. If you are a U.S.person and a requester gives you a form other than Form 3.The IRS tells the requester that you furnished an incorrect TIN, W-9 to request your TIN,you must use the requester's form if it is substantially 4.The IRS tells you that you are subject to backup withholding because you did similar to this Form W-9. not report all your interest and dividends on your tax return(for reportable interest Definition of a U.S.person.For federal tax purposes,you are considered a U.S. and dividends only),or person if you are: 5.You do not certify to the requester that you are not subject to backup -An individual who is a U.S.citizen or U.S.resident alien; withholding under 4 above(for reportable interest and dividend accounts opened -A partnership,corporation,company,or association created or organized in the after 1983 only). United States or under the laws of the United States; Certain payees and payments are exempt from backup withholding. See Exempt -An estate(other than a foreign estate);or payee code on page 3 and the separate Instructions for the Requester of Form W-9 for more information. -Adomestic trust(as defined in Regulations section 301.7701-7). Also see Special rules for partnerships above. Special rules for partnerships.Partnerships that conduct a trade or business in the United States are generally required to pay a withholding tax under section What is FATCA reporting? 1446 on any foreign partners'share of effectively connected taxable income from such business. Further,in certain cases where a Form W-9 has not been received, The Foreign Account Tax Compliance Act(FATCA)requires a participating foreign the rules under section 1446 require a partnership to presume that a partner is a financial institution to report all United States account holders that are specified foreign person,and pay the section 1446 withholding tax.Therefore,if you are a United States persons.Certain payees are exempt from FATCA reporting.See U.S.person that is a partner in a partnership conducting a trade or business in the Exemption from FATCA reporting code on page 3 and the Instructions for the United States,provide Form W-9 to the partnership to establish your U.S.status Requester of Form W-9 for more information. and avoid section 1446 withholding on your share of partnership income. In the cases below,the following person must give Form W-9 to the partnership Updating Your Information for purposes of establishing its U.S.status and avoiding withholding on its You must provide updated information to any person to whom you claimed to be allocable share of net income from the partnership conducting a trade or business an exempt payee if you are no longer an exempt payee and anticipate receiving in the United States: reportable payments in the future from this person. For example,you may need to -In the case of a disregarded entity with a U.S.owner,the U.S.owner of the provide updated information if you are a C corporation that elects to be an S disregarded entity and not the entity; corporation,or if you no longer are tax exempt. In addition,you must furnish a new Form W-9 if the name or TIN changes for the account;for example,if the grantor -In the case of a grantor trust with a U.S.grantor or other U.S.owner,generally, of a grantor trust dies. the U.S.grantor or other U.S.owner of the grantor trust and not the trust;and -In the case of a U.S.trust(other than a grantor trust),the U.S.trust(other than a Penalties grantor trust)and not the beneficiaries of the trust. Failure to furnish TIN.If you fail to furnish your correct TIN to a requester,you are Foreign person.If you are a foreign person or the U.S.branch of a foreign bank subject to a penalty of$50 for each such failure unless your failure is due to that has elected to be treated as a U.S.person,do not use Form W-9.Instead,use reasonable cause and not to willful neglect. the appropriate Form W-8 or Form 8233(see Publication 515,Withholding of Tax Civil penalty for false information with respect to withholding.If you make a on Nonresident Aliens and Foreign Entities). false statement with no reasonable basis that results in no backup withholding, Nonresident alien who becomes a resident alien.Generally,only a nonresident you are subject to a$500 penalty. alien individual may use the terms of a tax treaty to reduce or eliminate U.S.tax on Criminal penalty for falsifying information.Willfully falsifying certifications or certain types of income.However,most tax treaties contain a provision known as affirmations may subject you to criminal penalties including fines and/or a"saving clause."Exceptions specified in the saving clause may permit an imprisonment. exemption from tax to continue for certain types of income even after the payee has otherwise become a U.S.resident alien for tax purposes. Misuse of TINS.If the requester discloses or uses TINs in violation of federal law, If you are a U.S.resident alien who is relying on an exception contained in the the requester may be subject to civil and criminal penalties. saving clause of a tax treaty to claim an exemption from U.S.tax on certain types of income,you must attach a statement to Form W-9 that specifies the following Specific Instructions five items: 1.The treaty country. Generally,this must be the same treaty under which you Line 1 claimed exemption from tax as a nonresident alien. You must enter one of the following on this line;do not leave this line blank.The 2.The treaty article addressing the income. name should match the name on your tax return. 3.The article number(or location)in the tax treaty that contains the saving If this Form W-9 is for a joint account,list first,and then circle,the name of the clause and its exceptions. person or entity whose number you entered in Part I of Form W-9. 4.The type and amount of income that qualifies for the exemption from tax. a. Individual.Generally,enter the name shown on your tax return.If you have changed your last name without informing the Social Security Administration (SSA) 5.Sufficient facts to justify the exemption from tax under the terms of the treaty of the name change,enter your first name,the last name as shown on your social article. security card,and your new last name. Example.Article 20 of the U.S.-China income tax treaty allows an exemption Note.ITIN applicant:Enter your individual name as it was entered on your Form from tax for scholarship income received by a Chinese student temporarily present W-7 application, line 1 a.This should also be the same as the name you entered on in the United States.Under U.S.law,this student will become a resident alien for the Form 1040/1040A/1040EZ you filed with your application. tax purposes if his or her stay in the United States exceeds 5 calendar years. However,paragraph 2 of the first Protocol to the U.S.-China treaty(dated April 30, b. Sole proprietor or single-member LLC.Enter your individual name as 1984)allows the provisions of Article 20 to continue to apply even after the shown on your 1040/1040A/1040EZ on line 1.You may enter your business,trade, Chinese student becomes a resident alien of the United States.A Chinese student or"doing business as"(DBA)name on line 2. who qualifies for this exception (under paragraph 2 of the first protocol)and is c. Partnership,LLC that is not a single-member LLC,C Corporation,or S relying on this exception to claim an exemption from tax on his or her scholarship Corporation.Enter the entity's name as shown on the entity's tax return on line 1 or fellowship income would attach to Form W-9 a statement that includes the and any business,trade,or DBA name on line 2. information described above to support that exemption. d. Other entities.Enter your name as shown on required U.S.federal tax If you are a nonresident alien or a foreign entity,give the requester the documents on line 1.This name should match the name shown on the charter or appropriate completed Form W-8 or Form 8233. other legal document creating the entity.You may enter any business,trade,or DBA name on line 2. Backup Withholding e. Disregarded entity.For U.S.federal tax purposes,an entity that is What is backup withholding?Persons making certain payments to you must disregarded as an entity separate from its owner is treated as a"disregarded under certain conditions withhold and pay to the IRS 28% of such payments.This entity." See Regulations section 301.7701-2(c)(2)(iii).Enter the owner's name on is called"backup withholding." Payments that may be subject to backup line 1.The name of the entity entered on line 1 should never be a disregarded withholding include interest,tax-exempt interest,dividends,broker and barter entity.The name on line 1 should be the name shown on the income tax return on exchange transactions,rents,royalties,nonemployee pay,payments made in which the income should be reported. For example,if a foreign LLC that is treated settlement of payment card and third party network transactions,and certain as a disregarded entity for U.S.federal tax purposes has a single owner that is a payments from fishing boat operators. Real estate transactions are not subject to U.S.person,the U.S.owner's name is required to be provided on line 1.If the backup withholding. direct owner of the entity is also a disregarded entity,enter the first owner that is You will not be subject to backup withholding on payments you receive if you not disregarded for federal tax purposes.Enter the disregarded entity's name on line 2,"Business name/disregarded entity name."If the owner of the disregarded give the requester your correct TIN,make the proper certifications, and report all your taxable interest and dividends on your tax return. entity is a foreign person,the owner must complete an appropriate Form W-8 instead of a Form W-9. This is the case even if the foreign person has a U.S.TIN. Payments you receive will be subject to backup withholding if: 1.You do not furnish your TIN to the requester, 2.You do not certify your TIN when required(see the Part II instructions on page 3 for details), Form W-9(Rev.12-2014) Page 3 Line 2 2 However,the following payments made to a corporation and reportable on Form If you have a business name,trade name,DBA name,or disregarded entity name, 1099-MISC are not exempt from backup withholding: medical and health care you may enter it on line 2. payments,attorneys'fees,gross proceeds paid to an attorney reportable under section 6045(f),and payments for services paid by a federal executive agency. Line 3 Exemption from FATCA reporting code.The following codes identify payees Check the appropriate box in line 3 for the U.S.federal tax classification of the that are exempt from reporting under FATCA.These codes apply to persons person whose name is entered on line 1.Check only one box in line 3. submitting this form for accounts maintained outside of the United States by Limited Liability Company(LLC).If the name on line 1 is an LLC treated as a certain foreign financial institutions. Therefore,if you are only submitting this form for an account you hold in the United States,you may partnership for U.S.federal tax purposes,check the"Limited Liability Company" leave field blank. ethis box and enter"P" in the space provided. If the LLC has filed Form 8832 or 2553 to Consult with the person requesting this form if you are uncertain if the financial institution is subject to these requirements.A requester may indicate that a code is be taxed as a corporation,check the"Limited Liability Company" box and in the not required by providing you with a Form W-9 with"Not Applicable" (or any space provided enter"C" for C corporation or"S" for S corporation. If it is a similar indication)written or printed on the line for a FATCA exemption code. single-member LLC that is a disregarded entity,do not check the"Limited Liability Company" box;instead check the first box in line 3"Individual/sole proprietor or A—An organization exempt from tax under section 501(a)or any individual single-member LLC." retirement plan as defined in section 7701(a)(37) Line 4, Exemptions B—The United States or any of its agencies or instrumentalities If you are exempt from backup withholding and/or FATCA reporting,enter in the C—A state,the District of Columbia,a U.S.commonwealth or possession,or appropriate s ace in o line 4 an code(s)that may apply to you. any of their political subdivisions or instrumentalities p y ( ) y pp y y D—A corporation the stock of which is regularly traded on one or more Exempt payee code. established securities markets,as described in Regulations section - Generally,individuals(including sole proprietors)are not exempt from backup 1.1472-1(c)(1)(i) withholding. E—A corporation that is a member of the same expanded affiliated group as a - Except as provided below,corporations are exempt from backup withholding corporation described in Regulations section 1.1472-1(c)(1)(i) for certain payments,including interest and dividends. F—A dealer in securities,commodities, or derivative financial instruments - Corporations are not exempt from backup withholding for payments made in (including notional principal contracts, futures,forwards, and options)that is settlement of payment card or third party network transactions. registered as such under the laws of the United States or any state - Corporations are not exempt from backup withholding with respect to attorneys' G—A real estate investment trust fees or gross proceeds paid to attorneys,and corporations that provide medical or H—A regulated investment company as defined in section 851 or an entity health care services are not exempt with respect to payments reportable on Form registered at all times during the tax year under the Investment Company Act of 1099-MISC. 1940 The following codes identify payees that are exempt from backup withholding. I—A common trust fund as defined in section 584(a) Enter the appropriate code in the space in line 4. 1—An organization exempt from tax under section 501(a),any IRA,or a J—A bank as defined in section 581 custodial account under section 403(b)(7)if the account satisfies the requirements K—A broker of section 401(f)(2) L—A trust exempt from tax under section 664 or described in section 4947(a)(1) 2—The United States or any of its agencies or instrumentalities M—A tax exempt trust under a section 403(b)plan or section 457(g)plan 3—A state,the District of Columbia,a U.S.commonwealth or possession,or Note.You may wish to consult with the financial institution requesting this form to any of their political subdivisions or instrumentalities determine whether the FATCA code and/or exempt payee code should be 4—A foreign government or any of its political subdivisions,agencies,or completed. instrumentalities Line 5 5—A corporation 6—A dealer in securities or commodities required to register in the United Enter your address(number,street,and apartment or suite number).This is where States,the District of Columbia,or a U.S.commonwealth or possession the requester of this Form W-9 will mail your information returns. 7—A futures commission merchant registered with the Commodity Futures Line 6 Trading Commission Enter your city,state,and ZIP code. 8—A real estate investment trust 9—An entity registered at all times during the tax year under the Investment Part I. Taxpayer Identification Number(TIN) Company Act of 1940 Enter your TIN in the appropriate box.If you are a resident alien and you do not 10—A common trust fund operated by a bank under section 584(a) have and are not eligible to get an SSN,your TIN is your IRS individual taxpayer identification number(ITIN).Enter it in the social security number box. If you do not 11—A financial institution have an ITIN,see How to get a TIN below. 12—A middleman known in the investment community as a nominee or If you are a sole proprietor and you have an EIN,you may enter either your SSN custodian or EIN.However,the IRS prefers that you use your SSN. 13—A trust exempt from tax under section 664 or described in section 4947 If you are a single-member LLC that is disregarded as an entity separate from its The following chart shows types of payments that may be exempt from backup owner(see Limited Liability Company(LLC)on this page),enter the owner's SSN withholding. The chart applies to the exempt payees listed above,1 through 13. (or EIN,if the owner has one).Do not enter the disregarded entity's EIN.If the LLC is classified as a corporation or partnership,enter the entity's EIN. IF the payment is for... THEN the payment is exempt for... Note.See the chart on page 4 for further clarification of name and TIN combinations. Interest and dividend payments All exempt payees except How to get a TIN.If you do not have a TIN,apply for one immediately.To apply for for 7 an SSN,get Form SS-5,Application for a Social Security Card,from your local SSA office or get this form online at wvvwssa.gov.You may also get this form by calling Broker transactions Exempt payees 1 through 4 and 6 1-800-772-1213. Use Form W-7,Application for IRS Individual Taxpayer through 11 and all C corporations. S Identification Number,to apply for an ITIN,or Form SS-4,Application for Employer corporations must not enter an exempt Identification Number,to apply for an EIN.You can apply for an EIN online by payee code because they are exempt accessing the IRS website at www.irs.gou/businesses and clicking on Employer only for sales of noncovered securities Identification Number(EIN)under Starting a Business.You can get Forms W-7 and acquired prior to 2012. SS-4 from the IRS by visiting IRS.gov or by calling 1-800-TAX-FORM (1-800-829-3676). Barter exchange transactions and Exempt payees 1 through 4 If you are asked to complete Form W-9 but do not have a TIN,apply for a TIN patronage dividends and write"Applied Foy'in the space for the TIN,sign and date the form,and give it to the requester.For interest and dividend payments,and certain payments made Payments over$600 required to be Generally,exempt payees with respect to readily tradable instruments,generally you will have 60 days to get reported and direct sales over$5,000 1 through 52 a TIN and give it to the requester before you are subject to backup withholding on payments.The 60-day rule does not apply to other types of payments.You will be Payments made in settlement of Exempt payees 1 through 4 subject to backup withholding on all such payments until you provide your TIN to payment card or third party network the requester. transactions Note.Entering"Applied Foy'means that you have already applied for a TIN or that 1 See Form 1099-MISC,Miscellaneous Income,and its instructions. you intend to apply for one soon. Caution:A disregarded U.S.entity that has a foreign owner must use the appropriate Form W-8. Form W-9(Rev.12-2014) Page 4 Part II. Certification 3You must show your individual name and you may also enter your business or DBAname on the"Business name/disregarded entity"name line.You may use either your SSN or EIN(ifyou To establish to the withholding agent that you are a U.S.person,or resident alien, have one),but the IRS encourages you to use your SSN. sign Form W-9.You may be requested to sign by the withholding agent even if 4 items 1,4,or 5 below indicate otherwise. List first and circle the name of the trust,estate,or pension trust.(Do not furnish the TINof the personal representative or trustee unless the legal entity itself is not designated in the account For a joint account,only the person whose TIN is shown in Part I should sign title.)Also see Special rules for partnerships on page 2. (when required).In the case of a disregarded entity,the person identified on line 1 *Note.Grantor also must provide a Form W-9 to trustee of trust. must sign.Exempt payees,see Exempt payee code earlier. Note. If no name is circled when more than one name is listed,the number will be Signature requirements.Complete the certification as indicated in items 1 considered to be that of the first name listed. through 5 below. Secure Your Tax Records from Identity Theft 1.Interest,dividend,and barter exchange accounts opened before 1984 and broker accounts considered active during 1983.You must give your Identity theft occurs when someone uses your personal information such as your correct TIN,but you do not have to sign the certification. name,SSN,or other identifying information,without your permission,to commit 2.Interest,dividend,broker,and barter exchange accounts opened after fraud or other crimes.An identity thief may use your SSN to get a job or may file a 1983 and broker accounts considered inactive during 1983.You must sign the tax return using your SSN to receive a refund. certification or backup withholding will apply. If you are subject to backup To reduce your risk: withholding and you are merely providing your correct TIN to the requester,you -Protect your SSN, must cross out item 2 in the certification before signing the form. -Ensure your employer is protecting your SSN,and 3.Real estate transactions.You must sign the certification. You may cross out item 2 of the certification. -Be careful when choosing a tax preparer. 4.Other payments.You must give your correct TIN,but you do not have to sign If your tax records are affected by identity theft and you receive a notice from the certification unless you have been notified that you have previously given an the IRS,respond right away to the name and phone number printed on the IRS incorrect TIN."Other payments" include payments made in the course of the notice or letter. requester's trade or business for rents,royalties,goods(otherthan bills for If your tax records are not currently affected by identity theft but you think you merchandise),medical and health care services(including payments to are at risk due to a lost or stolen purse or wallet,questionable credit card activity corporations),payments to a nonemployee for services,payments made in or credit report,contact the IRS Identity Theft Hotline at 1-800-908-4490 or submit settlement of payment card and third party network transactions,payments to Form 14039. certain fishing boat crew members and fishermen,and gross proceeds paid to attorneys(including payments to corporations). For more information,see Publication 4535,Identity Theft Prevention and Victim Assistance. 5.Mortgage interest paid by you,acquisition or abandonment of secured Victims of identity theft who are experiencing economic harm or a system property,cancellation Cover debt,qualified tuition program payments(under problem,or are seeking help in resolving tax problems that have not been resolved section ions IRA,pension ell ESA,Archer MSA u HSA contributions IN through normal channels,may be eligible for Taxpayer Advocate Service(TAS) distributions,and pension distributions.You must give your correct TIN,but you assistance.You can reach TAS by calling the TAS toll-free case intake line at do not have to sign the certification. 1-877-777-4778 or TTY/TDD 1-800-829-4059. What Name and Number To Give the Requester Protect yourselffrom suspicious emails or phishing schemes. Phishing is the creation and use of email and websites designed to mimic legitimate business For this type of account: Give name and SSN of: emails and websites.The most common act is sending an email to a user falsely 1.Individual The individual claiming to be an established legitimate enterprise in an attempt to scam the user into surrendering private information that will be used for identity theft. 2.Two or more individuals(joint The actual owner of the account or, account) if combined funds,the first The IRS does not initiate contacts with taxpayers via emails.Also,the IRS does individual on the account' not request personal detailed information through email or ask taxpayers for the PIN numbers,passwords,or similar secret access information for their credit card, 3.Custodian account of a minor The minor' bank,or other financial accounts. (Uniform Gift to Minors Act) If you receive an unsolicited email claiming to be from the IRS,forward this 4.a.The usual revocable savings The grantor-trustee' message to phishing@irs.gov.You may also report misuse of the IRS name,logo, trust(grantor is also trustee) or other IRS property to the Treasury Inspector General for Tax Administration b.So-called trust account that is The actual owner' (TIGTA)at 1-800-366-4484. You can forward suspicious emails to the Federal not a legal or valid trust under Trade Commission at:spam@uce.gov or contact them at www.ftc.gov/idtheft or state law 1-877-IDTHEFT(1-877-438-4338). 5.Sole proprietorship or disregarded The owner' Visit IRS.gov to learn more about identity theft and how to reduce your risk. entity owned by an individual 6.Grantor trust filing under Optional The grantor* Privacy Act Notice Form 1099 Filing Method 1 (see Regulations section 1.671-4(b)(2)(i) Section 6109 of the Internal Revenue Code requires you to provide your correct TIN (A)) to persons(including federal agencies)who are required to file information returns with the IRS to report interest,dividends,or certain other income paid to you; For this type of account: Give name and EIN of: mortgage interest you paid;the acquisition or abandonment of secured property; 7.Disregarded entity not owned by an The owner the cancellation of debt;or contributions you made to an IRA,Archer MSA,or HSA. individual The person collecting this form uses the information on the form to file information 8.A valid trust,estate,or pension trust Legal entity' returns with the IRS,reporting the above information. Routine uses of this information include giving it to the Department of Justice for civil and criminal 9.Corporation or LLC electing The corporation litigation and to cities,states,the District of Columbia,and U.S.commonwealths corporate status on Form 8832 or and possessions for use in administering their laws.The information also may be Form 2553 disclosed to other countries under a treaty,to federal and state agencies to enforce 10.Association,club,religious, The organization civil and criminal laws,or to federal law enforcement and intelligence agencies to charitable,educational,or other tax- combat terrorism.You must provide your TIN whether or not you are required to file exempt organization a tax return.Under section 3406,payers must generally withhold a percentage of 11.Partnership or multi-member LLC The partnership taxable interest,dividend,and certain other payments to a payee who does not give a TIN to the payer.Certain penalties may also apply for providing false or 12.A broker or registered nominee The broker or nominee fraudulent information. 13.Account with the Department of The public entity Agriculture in the name of a public entity(such as a state or local government,school district, or prison)that receives agricultural program payments 14.Grantor trust filing under the Form The trust 1041 Filing Method or the Optional Form 1099 Filing Method 2(see Regulations section 1.671-4(b)(2)(i) (B)) 1 List first and circle the name of the person whose number you furnish.If only one person on a joint account has an SSN,that person's number must be furnished. 2 Circle the minor's name and furnish the minor's SSN. S4 S 'S P' Jy� fl r '\ 1 Y \ f itilll!;44! lits 4a`j RA ooeoo • - • • { A Id,R/018fifiv 0 u tre a c h M8 ,�rsm h G umn mmmn ummmmmm OW S ,. S C i S ). BUSINESS ! The Boynton Beach CRA 1s excited to inform you about our Social Media Outreach Program! Our ' goal is to helpbusinesses i ' establish line presence. The best ? is - ®completely ! Renee Roberts, Social Media & Communications Specialist, is here to teach you the tools you need to successfully market your busi ss on social i ' and online platforms. This program aims to help business owners manage . . and learn how to utilize social i s. We offer a range of services, from starting si ss accounts, building ad campaigns for events to special i s, or postingactivity products.and Contact us today to get started! CONTACT INFORMATION: Name: Q r • Business: Email: • 1 I, B E AC H C R A COMMUNITY REDEVELOPMENT AGENCY ADVISORY BOARD ITEM B.1. NEW BUSINESS SUBJECT: Discussion and Consideration of the Purchase for the Property Located at 1101 N. Federal Highway SUMMARY: On February 4, 2019 the owners of the property located at 1101 N. Federal Highway met with CRA to discuss the sale of the property to the CRA(see Attachment 1). An appraisal on the property was performed on February 8, 2019 and the fair market value was listed as $116,000 (see Attachment 11). The owners of the property have reviewed the appraisal and negotiated with CRA staff for a sale price of $140,000 along with paying off the outstanding liens on the property as listed below. The CRA would also be responsible for the demolition of the building. The lien search performed on the property includes the following (see Attachment 111): • Case #16-506 - Code Compliance Lien $489,634.12 owed as of 1/4/19 with a daily running fine of $500.00. On March 1, 2016 the Building Dept. declared the building unsafe due to structural damage to the south, east and west side of the building — No permit was issued for the repairs made by the owner on the structure - The City is requiring the building to be demolished. The CRA has the advantage of working with the City to reduce this lien to administrative costs which is estimated to be approximately$2,500.00 • Case #15-2595 - Lot mowing lien as of 2/13/19 in the amount of $628.90 (with accruing interest). • Case #16-1531 - Lot mowing lien as of 2/13/19 in the amount of $1,015.48 (with accruing interest). If the CRA Board approves the purchase of the property, CRA staff will begin the demolition process once the CRA becomes the owner of the property. FISCAL IMPACT: FY 2018 - 2019 Budget, Project Fund, Line Item 02-58200-401 - $140,000 plus closing costs and liens in the approximate amount of $2,700.00. CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan - Federal Highway District CRAAB RECOMMENDATION: 1. Recommend approval of the purchase of the property located at 1101 N. Federal Highway 2. Do not recommend approval of the purchase of the property located at 1101 N. Federal Highway. ATTACHMENTS: Description D Attachment I - Location Map D Attachment II -Appraisal D Attachment III - Lien Search iu yy`t` } k 1, t £ Qp _ fi } } _ - � tis7�f��SS��y i�� i�t it i�f �t • } � __ + �1 _ - \ �i } t.. I i - i tF i r •.rz: }.,, f`n's;.. s 6.I ' ' ' ',.-. ',,,,ttfSiU, u�,;},;��;',,',,',,',.-. J(ftl, 'r r o N d m 10 " re C ��7 r�ri i,�.i � h� �•^ Y? � i'`' "rr�w ;., }1 '�- cr ,�y � � re to r'' > ' w N s l; t k... - ei N r LLJ kN cl 12 u t + ('4I ��; APPRAISAL REPORT COMMERCIAL PROPERTY 1101 NORTH FEDERAL HIGHWAY BOYNTON BEACH,FLORIDA 33435 by Vance Real Estate Service 7481 Northwest Fourth Street Plantation,Florida 33317-2204 for Boynton Beach Community Redevelopment Agency 710 North Federal Highway Boynton Beach, FL 33435 February 8, 2019 Vance Real Estate Service sf, February 8, 2019 Boynton Beach Community Redevelopment Agency � �`�`}�' 710 North Federal Highway Boynton Beach, FL 33435 - i i RE: Commercial property, 1101 North Federal Highway, Boynton Beach, FL 33435 (Legal description is in the report) Ladies and Gentlemen: In fulfillment of our agreement, we transmit our Appraisal Report, in which we develop an opinion of market value for the fee simple estate in the referenced real property as of February 8, 2019. The report sets forth our value conclusion, along with data and reasoning supporting our opinion. This report was prepared for and our professional fee billed to Boynton Beach Community Redevelopment Agency. Our analyses have been prepared in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP 2018-2019). This report is for possible acquisition of the appraised property. ! Jesse B. Vance, Jr. and Claudia Vance visited the property. If you have questions or further needs, please contact the undersigned. As a result of our analyses, we have developed the following opinion of the market value of the appraised property, subject to definitions, certifications, and limiting conditions set forth in the attached report. ONE HUNDRED SIXTEEN THOUSAND DOLLARS $116,000 I (THIS LETTER MUST REMAINATTACHED TO THE REPORT WITH SEVENTY-TWO(72) NUMBERED PAGES FOR THE VALUE OPINION SET FORTH TO BE CONSIDERED VALID.) Respectfully submitted, Jesse B. Vance, Jr., MAI, SRA, ASA State-Certified General Real Estate Appraiser RZ-85 Claudia Vance, MAI State-Certified General Real Estate Appraiser RZ-173 MBA REAL ESTATE MANAGEMENT AND DEVELOPMENT 7481 Northwest 41h Street,Plantation,FL 33317-2204 954/583-2116 -- TABLE OF CONTENTS Pate Number Title Page i Letter of Transmittal ii Table of Contents iii INTRODUCTION 4 P otograp s o Subject t e Property 5 1-3-5 Mile Location Map 6 1-3-5 Mile Demographic Statistics 6 Summary of Important Facts and Conclusions 9 DESCRIPTIONS ANALYSES & CONCLUSIONS 10 I entity of Client and Intended User 11 Intended Use 11 Identification of Real Estate Appraised 11 Ownership 11 Property Address 11 Legal Description 11 Real Estate Tax Analysis 12 Market Area Description 13 Zoning 19 Site Description 19 Improvement Description 20 Real Property Interest Appraised 21 Appraisal Purpose and Definition of Market Value 21 Effective Dates of the Appraisal and Report 22 Scope of the Work 22 Summary of Information Considered 23 Property History 23 Highest and Best Use 24 SALES COMPARISON APPROACH-LAND VALUATION 27 Land Sales es map 29 Land Sales documentation 30 Land Sales Comparison Chart 44 Valuation by the Sales Comparison Approach 45 FINAL VALUE OPINION 49 Certification and Limiting Conditions 50 ADDENDA 52 Acqu i r i n gieDeeds of Appraised Property 53 Aerial View of the Appraised Property 57 "C-4" zoning information 58 USPAP Standards Rule 2-2a 61 Qualifications of the Appraisers 63 INTRODUCTION East Subject Building Elevation South Building Elevation 2 3 SljpO - West Building Elevation Lookin NE a Valued Pro ert� Fns 4 n 10 P • v, ....� ., - ''�-'�t�.k ,��,;°��,�.� ,' Sh?,r t�x!LMt�i ;. t U� � ' i` �.r�=„='� �G�S - `��. ` � '� FEC RR Tracks to West of Subject MLK,Jr Blvd lookin East e t, £�,�fit �s� t;11r�7GfiS; m , 7 N.Federal Highway Looking North MLK,Jr.Blvd.looking West PHOTOS OF THE VALUED PROPERTY 1101 N.Federal Highway Boynton Beach,Florida 33435 5 ................................................ .........................11........................ ........................................................................................................................................................................................................................... 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Federal Highway Boynton Beach, Florida 33435 6 • Gesn" 1101 N Federal Hwy, Boynton Beach, Florida, 33435 VANCE REAL ESTATE SERVICEi Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Population 2000 Population 12,341 68,369 153,652 2010 Population 12,629 77,288 170,089 2018 Population 14,108 84,896 185,069 2023 Population 15,118 90,742 196,071 2000-2010 Annual Rate 0.23% 1.23% 1.02% 2010-2018 Annual Rate 1.35% 1.14% 1.03% 2018-2023 Annual Rate 1.39% 1.34% 1.16% 2018 Male Population 49.0% 47.9% 47.9% 2018 Female Population 51.0% 52.1% 52.1% 2018 Median Age 43.9 43.4 46.1 In the identified area, the current year population is 185,069. In 2010, the Census count in the area was 170,089. The rate of change since 2010 was 1.03% annually.The five-year projection for the population in the area is 196,071 representing a change of 1.16% annually from 2018 to 2023. Currently, the population is 47.9% male and 52.1%female. Median Age The median age in this area is 43.9, compared to U.S. median age of 38.3. Race and!Ethnicity 2018 White Alone 39.4% 59.6% 64.7% 2018 Black Alone 54.4% 31.7% 25.7% 2018 American Indian/Alaska Native Alone 0.5% 0.3% 0.5% 2018 Asian Alone 0.9% 2.0% 2.2% 2018 Pacific Islander Alone 0.0% 0.0% 0.0% 2018 Other Race 2.5% 3.6% 4.1% 2018 Two or More Races 2.2% 2.8% 2.7% 2018 Hispanic Origin (Any Race) 11.0% 17.3% 18.7% Persons of Hispanic origin represent 18.7% of the population in the identified area compared to 18.3% of the U.S. population. Persons of Hispanic Origin may be of any race.The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 66.2 in the identified area, compared to 64.3 for the U.S. as a whole. Households 2000 Households 4,805 29,667 67,123 2010 Households 5,001 32,863 72,836 2018 Total Households 5,635 36,082 78,766 2023 Total Households 6,065 38,634 83,389 2000-2010 Annual Rate 0.40% 1.03% 0.82% 2010-2018 Annual Rate 1.46% 1.14% 0.95% 2018-2023 Annual Rate 1.48% 1.38% 1.15% 2018 Average Household Size 2.48 2.32 2.33 The household count in this area has changed from 72,836 in 2010 to 78,766 in the current year, a change of 0.95% annually. The five-year projection of households is 83,389, a change of 1.15% annually from the current year total. Average household size is currently 2.33, compared to 2.31 in the year 2010.The number of families in the current year is 45,383 in the specified area. Data Note:Income is expressed in current dollars Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography. February 09, 2019 7 • Gesn" 1101 N Federal Hwy, Boynton Beach, Florida, 33435 VANCE REAL ESTATE SERVICE Rings: 1, 3, 5 mile radii 1 mile 3 miles 5 miles Median Household Income 2018 Median Household Income $39,849 $50,209 $52,592 2023 Median Household Income $46,486 $56,436 $59,921 2018-2023 Annual Rate 3.13% 2.37% 2.64% Average Household Income 2018 Average Household Income $63,576 $70,424 $77,262 2023 Average Household Income $75,102 $83,252 $91,238 2018-2023 Annual Rate 3.39% 3.40% 3.38% Per Capita Income 2018 Per Capita Income $25,519 $30,551 $33,245 2023 Per Capita Income $30,178 $36,049 $39,141 2018-2023 Annual Rate 3.41% 3.37% 3.32% Households by Income Current median household income is$52,592 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $59,921 in five years, compared to $65,727 for all U.S. households Current average household income is$77,262 in this area, compared to $83,694 for all U.S. households. Average household income is projected to be $91,238 in five years, compared to $96,109 for all U.S. households Current per capita income is $33,245 in the area, compared to the U.S. per capita income of$31,950. The per capita income is projected to be $39,141 in five years, compared to $36,530 for all U.S. households Housing 2000 Total Housing Units 5,984 35,468 80,252 2000 Owner Occupied Housing Units 3,205 21,293 50,053 2000 Renter Occupied Housing Units 1,600 8,374 17,071 2000 Vacant Housing Units 1,179 5,801 13,128 2010 Total Housing Units 6,688 41,744 91,479 2010 Owner Occupied Housing Units 3,071 21,069 50,277 2010 Renter Occupied Housing Units 1,930 11,794 22,559 2010 Vacant Housing Units 1,687 8,881 18,643 2018 Total Housing Units 7,326 45,013 97,152 2018 Owner Occupied Housing Units 3,194 20,939 50,088 2018 Renter Occupied Housing Units 2,441 15,143 28,678 2018 Vacant Housing Units 1,691 8,931 18,386 2023 Total Housing Units 7,815 47,665 102,308 2023 Owner Occupied Housing Units 3,568 22,769 53,999 2023 Renter Occupied Housing Units 2,497 15,865 29,390 2023 Vacant Housing Units 1,750 9,031 18,919 Currently, 51.6% of the 97,152 housing units in the area are owner occupied; 29.5%, renter occupied; and 18.9% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.2% are vacant. In 2010, there were 91,479 housing units in the area - 55.0% owner occupied, 24.7% renter occupied, and 20.4% vacant. The annual rate of change in housing units since 2010 is 2.71%. Median home value in the area is$212,234, compared to a median home value of$218,492 for the U.S. In five years, median value is projected to change by 2.73% annually to$242,865. Data Note:Income is expressed in current dollars Source:U.S. Census Bureau,Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography. February 09, 2019 8 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS PROPERTY APPRAISED: Commercial property 1101 North Federal Highway Boynton Beach, FL 33435 OWNERSHIP: Wing and Karen Ho 9174 Chianti Court Boynton Beach, FL 33472-2459 LAND: 4,648 square feet or 0.1067 of an acre IMPROVEMENT: One-story commercial building formerly used as a store, containing 2,460 square feet of enclosed area, constructed in 1958. ZONING: "C-4", General Commercial in the city of Boynton Beach APPRAISAL PURPOSE: To develop an opinion of market value INTEREST APPRAISED: Fee simple CURRENT USE: Unoccupied store HIGHEST AND BEST USE: As vacant: Small commercial building or redevelopment of the site with adjacent properties for a commercial or mixed use. As improved: Demolished and removed VALUE BY THE SALES COMPARISON APPROACH: 4,648 square feet of land x$25.00 per square foot of land= ONE HUNDRED SEVENTY-ONE THOUSAND DOLLARS 116 000 VALUATION DATE: February 8, 2019 Exposure Time: 12 months prior to selling at the appraised value 9 DESCRIPTIONS, ANALYSES, CONCLUSIONS APPRAISAL REPORT This is an APPRAISAL REPORT that complies with Standard Rule 2-2(a) of the Uniform Standards of Professional Appraisal Practice (USPAP 2018 - 2019) 2-2(a)(i) State the identity of the client; state the identity of any intended users by name or type; The client and intended user of this report is the Boynton Beach Community Redevelopment Agency. 2-2(a)(ii) State the intended use of the appraisal; The intended use of the appraisal is for possible acquisition of the appraised property. Any other use is not intended. 2-2(a)(iii) Summarize information sufficient to identify the real involved in the appraisal, including the physical, legal and economic property characteristics relevant to the assignment; Owner: Wing and Karen Ho 9174 Chianti Court Boynton Beach, FL 33472-2459 Property Address: 1101 North Federal Highway Boynton Beach, FL 33435 Legal Description: Part of Lot 1, Block A, LAKE ADDITION TO BOYNTON, FLORIDA Plat Book 11, page 71, Palm Beach County, FL (Complete legal description in the acquiring deed in the Addenda.) Census Tract No. 61 11 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Real Estate Tax: Parcel Control Number: 08 43 45 2132 008 0010 Land Value: $92,283 Improvement Value: 2,638 Total Value: $94,921 Assessed Value: $94,921 Ad Valorem Tax: $ 1,999 Non Ad Valorem Tax: $ 1,149 Total Tax: $ 3,148 The low improvement value is reflective of the building reaching the end of its useful life. The City of Boynton Beach will demolish and remove the unusable structure. Properties are assessed in arrears by the county property appraiser. The tax bill is issued in November and a 4% discount is given to a tax payer if the amount is paid in November. The discount diminishes until March, when the tax is due and payable. In Florida, the taxable value for non-homesteaded properties can be increased to a maximum of 10% per year, from tax year 2009 going forward, based on a constitutional amendment voted on by the electorate of the state. There are some exceptions relate to school taxing districts. However, the millage of the city can increase; thus, real estate taxes can continue to increase from year to year. 12 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Market Area Description: Boundaries and Market Composition & Transportation Infrastructure The general market area is the City of Boynton Beach in eastern-central Palm Beach County. Population of the city is about 72,000 residents; land area of the municipality is about 16 square miles situated between Delray Beach on the south and Lake Worth on the north. The town was named for an early developer, Nathan Boynton, a former major in the Union Army in the Civil War. The city was founded in 1898 and incorporated in 1920. Most of the original buildings were destroyed in the hurricane of 1926, though a few remain. Others which were constructed in the early 1920's are still in use with repairs and replacements over the decades. Time and economic trends take a toll on properties; thus, in 1984 a redevelopment plan was adopted for the Community Redevelopment Area (CRA) in the city. It covers 1,650 acres in the central part of the municipality west of the Intracoastal Waterway. The subject market area is the Federal Highway District North in the CRA with the following general boundaries: Florida East Coast (FEC) Railroad on the west, Intracoastal Waterway on the east, Northeast Vt Avenue on south and city's northern border on the north. The Federal Highway District South extends along the same east and west boundaries, and reaches the southern end of the city. The Federal Highway corridor is about 2.5 miles long. The strong influence of heavily trafficked Federal Highway is a catalyst to redevelopment of the district with over 2,300 new residential units in five projects in the north district and three in the south, with more planned. Highway beautification projects improved the aesthetics of the market area. The immediate subject market area is the Federal Highway corridor between NE 7 Avenue on the south and NE 15 Avenue on the north. Most of the properties on the east and west side of the highway have shallow depths, inhibiting redevelopment of the sites with larger commercial projects. Assemblages of adjacent properties and rezoning to mixed use will facilitate revitalization of the subject market area. 13 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Agriculture and farming had been important activities in past centuries in Boynton Beach. Commerce came to the area when Henry Flagler extended the Florida East Coast Railway from West Palm Beach to Miami in 1896. The railroad was the main mode of transportation to bring visitors and manufactured products to the city as well as transporting produce grown in the vicinity out of the area to other cities in the southeastern United States. Freight trains still run through the subject market area on the FEC tracts. Higher speed, passenger Brightline train runs along the FEC tract, but does not stop in Boynton Beach. For now, there are only three depots with one in downtown Miami, one in downtown Fort Lauderdale and the third in downtown West Palm Beach. Separating the Federal Highway Districts, North and South is the Boynton Beach CRA Downtown District from NE 6 Avenue on the north to SE 12 Avenue on the south. Federal Highway is also the main north-south artery through the Downtown District. Federal Highway, also known as U S Highway 1, is the main north-south artery through eastern Palm Beach County and extends along the eastern seaboard of the United States. Primary east-west arteries are Boynton Beach Boulevard and Ocean Avenue. Boynton Beach Boulevard is the principal east-west artery in city, having an interchange with Interstate 95. The boulevard continues west through Palm Beach County to its terminus at State Road 7/ U S Highway 441. Two miles east of State Road 7, it has an interchange with Florida's Turnpike. Boynton Beach Boulevard commences on the east at U S Highway 1, just to the east of the FEC Railroad. Ocean Avenue, in the Cultural District of the CRA, is an upgraded streetscape of wide sidewalks covered with pavers, lighting, kinetic sculptures, and bollards. Ocean Avenue continues east of the Cultural District with a drawbridge over the Intracoastal Waterway, reaching Ocean Boulevard. Ocean Avenue extends west through Boynton Beach, with an interruption at Interstate 95. The subject market area is easily accessible by main roads and Interstate 95. 14 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Just to the west of the Federal Highway North District is the Heart of Boynton District where the CRA has concentrated funds and effort into revitalizing the area with new housing options and upgraded streetscapes. The CRA has purchased numerous smaller properties to assemble larger sites for redevelopment of mixed use projects. Population Trends The demographic survey in the beginning of the report of 1, 3, and 5 mile radial circles from the appraised property shows the median household income for 2018 in the one-mile radius is $39,849, for three miles it is $50,209, and $52,592 for the five mile circle. All are lower than the median household income for Palm Beach County of $54,400 even though the east part of the circles includes the residents all the way to the Atlantic Ocean. In the one- mile circle, population is 14,108. In three miles, population increases to 84,896; at five miles, it is 185,069. However, about one-third of the three and five mile circles are over the Atlantic Ocean. Annual growth rate is anticipated to be 1.16% to 1.39% in the three circles during the next five years as the economy and job market improves in South Florida and new multi- family residential complexes are constructed. 52% of the housing units are owner occupied, with 30% rented. The percentage of renters is higher in this market because many of the single family houses are owned by investors who purchased them after the economic crash in 2008. Vacancy is reported to be 18%; however, this amount is high due to the undercount of the other two categories. Median home value in the five-mile area is $212,234 including the highly priced homes fronting the Atlantic Ocean and Intracoastal Waterway, compared to median home value of$218,492 in the United States. The current life cycle stage of the market area is stability, a period of equilibrium without marked gains or losses, after a period of decline. However, the life cycle stage is changing to revitalization, a period of renewal, modernization and increasing demand with the assemblage of lots and construction of mixed use projects as promoted by the Boynton Beach Community Redevelopment Plan. 15 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Economic Trends During 2005-2006, the subject market area was experiencing a rise in property prices due primarily to the availability of financing with adjustable rate mortgages. Interest rates adjusted upward, but rental rates of multi-family properties did not. For single family residences, interest rates on mortgages adjusted upward, but homeowners' incomes did not increase. Scenarios were the same for many property types, all with the same result of owners' inability to make the payments and mortgages foreclosed. This situation was exacerbated by the economic crash in late 2008, followed by the Great Recession. The foreclosure cycle appears to have ended. Currently, sales are between individuals or investors who previously purchased the properties from foreclosing lenders and private parties who will reside in the properties or hold them in their investment portfolios. Third party lenders are providing financing to investors and residents, at high loan to price ratios. Sale prices for single-family residences in the subject market area and close vicinity are in the range of $85,000 to $180,000, depending on building size, age and condition. Price range for multi-family dwellings are from about $70,000 to $100,000 per unit based on the same factors. Land unit prices for sites fronting Federal Highway or in close proximity are in the range of about $22.00 to $29.00 per square foot. Land unit prices in the Central Business District are higher which is reflective of more intense use permitted on the site. Family Dollar Store is an addition to the subject market area; it consists of an 8,100 square foot commercial building at the southeast corner of the signalized intersection of Martin Luther King, Jr. Boulevard and North Seacrest Boulevard. 16 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) More revitalization in the CRA is taking place along US Highway 1, in the southern part of the corridor near Ocean Avenue and Boynton Beach Boulevard with projects such as 500 Ocean, with 341 residential units, 20,000 square feet of retail space and 6,000 square feet of office. Ocean One at 114 N Federal Highway is planned for 358 apartments, 12,075 square feet of retail, 120 hotel room and 439 parking spaces. The Villages at East Ocean Avenue were approved for 371 dwelling units and 15,757 square feet of commercial space. Town Square, a major redevelopment project, will take place in three sections extending from the south side of Boynton Beach Boulevard south to SE 2 Avenue, encompassing 16.5 acres of land. The north section covers the area of the old city hall and police station which will be demolished and removed. The project consists of the following: • North parcel —225 residential units, 120 hotel rooms, 65,000 square feet of office/ retail space and 927 space parking garage • Middle parcel—200 residential units, 18,887 square feet of retail space • South parcel — 280 residential units, 820 space parking garage, 4,000 public space Included in the project are spaces for a new city hall, police station, fire station and park. Renovation of the historic high school is part of the project. The first phase of the project is underway. Boynton Beach Community Redevelopment Agency (BB CRA) issued a Request for Proposals (RFP) and Developer Qualifications for Commercial and Residential Redevelopment for land in the Heart of Boynton District along East Martin Luther King, Jr. Boulevard and NE 9 Avenue. The RFP sections the land into west and east parts. Actual total land size is 5.33 acres. Specific property types for the projects are not specified in the RFP, but they must be consistent with the BB CRA plan for the area. 17 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) The shift in new projects is from single family residential to higher density multi-family. Ocean Breeze East will be a new affordable housing development in the Heart of Boynton at North Seacrest Boulevard and NE 7 Avenue. The Florida Housing Finance Corporation awarded RS Development Corp. tax credits to construct 123 dwelling units on 4.4 acres of land. This developer submitted the successful proposal to the Boynton Beach CRA to purchase the property for the new project. The Boynton Beach CRA purchased properties with improvements that are reaching the end of their useful lives that are located along Federal Highway. The old improvements are demolished and removed, then the sites are sold for the construction of new projects. An example of this is the property at 711 N Federal Highway which had been owned by AmeriGas, then purchased by the CRA. The CRA sold the cleared land to the owner of the property to the north, South Florida Marine for expansion of the business. The CRA also purchased the property 1110 N Federal Highway (Land Sale 1 in this report), where the improvement will also be demolished and removed. If the CRA buys the appraised property, the old improvement will be razed too. Conclusion The redevelopment goal of the Boynton Beach CRA, along with private property owners, is to transform Boynton Beach from a retirement community to a vibrant city where residents can enjoy living and working in an attractive setting. The City and the CRA are instrumental in the renaissance of Boynton Beach. The positive price trend for property in the subject market area will continue while revitalization is taking place through the joint involvement of private investors and governmental agencies. Land Use: General Commercial Proposed Land Use: Mixed Use, low intensity CRA District: Federal Highway District - North 18 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) Zoning: "C-4", General Commercial in the city of Boynton Beach. The intent of this district is to accommodate service and intensive commercial establishments and limited light industrial uses. Minimum lot area is 5,000 square feet. Minimum lot frontage is 50 feet; minimum lot depth is 100 feet. Copy of the zoning code is in the Addenda. The appraised site contains approximately 4,648 square feet, not meeting the current size standard in the "C-4" district. However, the lot was platted prior to the current code and would most probably be viewed as a legal, non-conforming lot. City officials make this determination. Site Description: The shape of the site appears to be a parallelogram. Approximate dimensions and size are from public records. North boundary on adjacent property: 106 feet East boundary on N Federal Highway: 44 feet South boundary NE 10 Avenue: 106 feet West boundary on Florida East Coast Railroad right-of-way: 44 feet Total: Approximately 4,648 square feet Utilities: All utilities are available to the site. Access: The site is has frontage on North Federal Highway and NE 10 Avenue. North Federal Highway is a four-laned road with a raised, landscaped median, sidewalks, street lights, storm drains, turn lanes and bicycle lanes. 19 APPRAISAL REPORT (continued) 2-2(a)(iii) Summarize information sufficient to identify the real estate involved in the appraisal, including the physical, legal and economic characteristics relevant to the assignment; (continued) NE 10 Avenue is a two-laned local road. There is a traffic signal at the intersection of the two roads. West of Federal Highway, NE 10 Avenue is known as Martin Luther King, Jr. Boulevard. Vehicular access to the appraised land is via a driveway at the southwest corner of the site. The land concerned is adjacent to the east of the FEC Railroad tracks, with a grade level crossing at the intersection of NE 10 Avenue and the tracks. Easements: There is no survey to review; however, utility easements are typically around the perimeter of the site. Improvement Description: The improvement on the subject property is a one-story commercial building which appears to have been used as two stores. The building contains 2,460 square feet and was constructed in 1958. No interior inspection of the building was made; the premises are unoccupied. There are a chain and lock on the front door, and a sign posted by the City of Boynton Beach that no one is permitted to enter the building due to its unsafe condition. The City will demolish and remove the building, thus it is of no contributory value to the property. Environmental Assessment: No assessment was available for review. 20 APPRAISAL REPORT (continued) 2-2(a)(iv) State the real property interest appraised; A person who owns all the property rights is said to have fee simple title. A fee simple title implies absolute ownership unencumbered by any other interest or estate. Partial interests in real estate are created by selling, leasing, et cetera. Partial estates include leased fee and leasehold estates. The interest appraised is fee simple. 2-2(a)(v) State the type and definition of value and cite the source of the definition; The purpose of the appraisal is to develop an opinion of market value of the subject property as of February 8, 2019. MARKET VALUE: a type of value, stated as an opinion, that presumes the transfer of a property (i.e., a right of ownership or a bundle of such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable in an appraisal. The conditions included in market value definitions establish market perspectives for development of the opinion. These conditions may vary from definition to definition but generally fall into three categories: 1. the relationship,knowledge, and motivation of the parties(i.e.,seller and buyer); 2. the terms of sale(e.g.,cash,cash equivalent,or other terms); and 3. the conditions of sale(e.g., exposure in a competitive market for a reasonable time prior to sale). Market value appraisals are distinct from appraisals completed for other purposes because market value appraisals are based on a market perspective and on a normal or typical premise. These criteria are illustrated in the following definition of Market Value*, provided here only as an example. Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. buyer and seller are tvpically motivated 2. both parties are well informed or well advised and acting in what they consider their own best interests; 3. a reasonable time is allowed for exposure in the open market; 4. payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and S. the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. 21 APPRAISAL REPORT (continued) * This example definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform,Recovery, and Enforcement Act(FIRREA)of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Union Administration(NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994,and in the Interagency Appraisal and Evaluation Guidelines,dated December,2010. Florida Court Definition: "Market Value is the price that a seller willing, but not compelled to sell, and a buyer willing, but not compelled to buy, would agree to in fair negotiations with knowledge of all the facts." [Source: Fla. Power & LiFht Co., v. Jenniwl 518 So.2d 895 (Fla. 1987)] 2-2(a)(vi) State the effective date of the appraisal and the date of the report; A) Effective Date of the Appraisal: February 8, 2019 B) Date of the Report: February 8, 2019 2-2(a)(vii) Summarize the scope of work used to develop the appraisal; The appraisal problem is to develop an opinion of value of the property based on its highest and best use. The appraiser inspected the exterior of the property and photographed it. A thorough investigation was made into the physical characteristics of the property that could affect its value. The market area was surveyed to determine its stage of the life cycle. Research was conducted to ascertain economic factors that might influence value. Data research consisted of collecting, confirming, and reporting sales of land sales. The process included searches and analyses, inspections and confirmations, and final reporting. The appraiser examined several sources of sales data, including Costar Group, Corelogic, Realquest, Loopnet, Palm Beach County Property Appraiser records, the public records, and data from the appraiser's plant. For Sales Comparison Approach, land sales are compared to each other and to the property under appraisement to arrive at an opinion of value. 22 APPRAISAL REPORT (continued) 2-2(a)(viii) Summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach, or income approach must be explained; The information analyzed and appraisal methods used are detailed in the valuation section of the report. Further, the reasoning that supports the analyses, opinions, and conclusions is explained in the valuation section. Neither the Cost nor Income Approaches are applicable to appraise the small subject site, which is what constitutes the value of the property concerned. Exclusion of these approaches to value still produces a creditable report. SR I-5 When the value opinion to be developed is market value, if such information is available in the normal course of business: a) analyze all agreements of sale, options, or listings of the subject property current as of the effective date of the appraisal; and There are no known agreements for sale, options or listings of the appraised property as of the effective date of the appraisal. b) analyze all sales of the subject property that occurred within the three (3) years prior to the effective date of the appraisal. The appraised property was acquired by special warranty deed on August 17, 2012 for a price of $40,000 as part of a foreclosure of a mortgage which financed the purchase of for a prior owner of the property. This price was not representative of market value at the time of sale. A copy of the deed is in the Addenda. There was a quit claim deed between related parties on December 31, 2018, which was also not representative of market value. Copy of deed is in the Addenda. 23 APPRAISAL REPORT (continued) 2-2(a)(ix) State the use of the real estate existing as of the date of value, and the use of the real estate or personal property reflected in the appraisal; The use of the real estate on the date of valuation is an unoccupied one-story store; however, this is not the highest and best use of the property. The depreciated building has no contributory value to the property. Therefore, the use reflected in this appraisal is vacant land, ready for its highest and best use. No personal property is included in the valuation. 2-2(a)(x) When an opinion of highest and best use was developed by the appraiser, summarize the support and rationale for that opinion. HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Physically Possible as Vacant The land appraised contains 4,648 square feet. It has a corner location at the signalized intersection of North Federal Highway and NE 10 Avenue. The parcel is level and filled to street grade. All utilities are available to the site. The Florida East Coast railroad tracks are adjacent to the west, with a railroad track crossing at NE 10 Avenue. Physical constraint to develop the site is its size which in-turn governs the size of the potential improvement which can be placed on it. Legally Permissible as Vacant Legal restrictions to the development of the site consist of land use designation, building and zoning codes, platting and deed restriction, none of which came to light during the property investigation. Land use designation is General Commercial. Proposed land use is mixed use, low intensity. Zoning is "C-4", General Commercial. Minimum lot size is 5,000 square feet. Permitted uses include a variety of commercial and light industrial uses. The appraised land does not meet the size standards for the current "C- 4" district. If permitted to be improved, the site would most probably be a legal non-conformity. Potentially, the subject could be assembled with the property adjacent to the north for a larger development. City officials make the determination as to conformity with zoning codes and as to the legally permissible use of the land. 24 HIGHEST AND BEST USE OF THE PROPERTY AS VACANT Financially Feasible as Vacant The third test of Highest and Best Use is economic feasibility. Demand for a certain property type must be evident for it to be feasible. For it to be financially feasible, the use must be marketable and provide the investor with a competitive return when compared with alternate uses. As mentioned, assemblages of smaller parcels into larger sites for mixed use development are taking place in the subject market area and in other CRA districts. Once a large site is assembled, the development process can commence with possible zoning and/or land use change to permit mixed use projects such as 500 Ocean or The Villages at East Ocean. On a smaller scale, Land Sales 2, 3 and 4 in this report are examples of less intense assemblages. Future use of the appraised land would be more similar to these instances. Financially feasible use for the subject is either for a small stand-alone commercial property or to assemble it with the property to the north for redevelopment of a larger project. The most probable buyer is a local or regional developer assembling smaller parcels to have sufficient land for a large mixed use project. Time for development is now with revitalization of the subject market area and financing available from third party lenders. Maximally Productive as Vacant In summary, the Highest and Best Use of the land in question is for a small single-occupant commercial building or for assemblage with other properties to the north to construct a larger commercial project or a mixed use project with residential units on the upper floors and commercial use on the ground level. Such uses would be physically possible, probably legally permissible with necessary changes if any, financially feasible and maximally productive. HIGHEST AND BEST USE OF THE PROPERTY AS IMPROVED Highest and best use of the existing improvement is demolition and removal from the subject site. The structure is 61 years old and outmoded. The City of Boynton Beach has designated the building unsafe for occupancy. Due to the age and condition of the improvement, it is not financially feasible to cure the problems with it. 25 HIGHEST AND BEST USE OF THE PROPERTY AS IMPROVED Numerous items of incurable physical deterioration and functional obsolescence render the building to have no contribution to the value of the property. Thus, demolition and removal of the building is its highest and best use which is physically possible, legally permissible, financially feasible and maximally productive. 2-2(a)(xi) Clearly and Conspicuously: State all extraordinary assumptions and hypothetical conditions; and state that their use might have affected the assignment result. There are no extraordinary assumptions or hypothetical conditions in this report. 2-2(a)(xii) Include a signed certification in accordance with Standards Rule 2-3 See signed certification in report. 26 SALES COMPARISON APPROACH LAND VALUATION c°MM Subject & Land Sale Location flap hg34!lER RD �� Al a r�PIP, i( INDUSTRIAL WAY 1 "—�i� ii �i il4. �� J-f �� r� D1 LAli(ESH 1PoE DR it q �I ' - sfiai-r� 1 g 2k'Avg I C { LAKES.IDE HARBOUR 71O 13 Y n i� Tzar - .TEYA+AY HLVD-- AST 6e'�Inl park a Ji �_ �_ ERIDDE QRS t �,� � �Y 14TH AVE NE z 3' W Il 18TH AVE NE 1ml � [AGO Tf �t Mr'aN.4TEE B.1YdR ISLAND ( �� Cz -15TH,PL Ot IN OCE€�N LET DR iii a tii z f� �9 _ � r 5JT b NW'12TH AVEFr 1 = If 1FI NW 11T H 46E - .� z II JJ � r �i. {� (�NW 9THALE if NE.,STH;AL'E tf z_ NW.8THAVOE I m� n �q _Ii 30� rF z. NE STHtAVE IAl ' Iz p, l ( NE4TH XV, s�! 3RD',AVE ;r EJI l I BDYNTO_N 8Er7CH.BLVD NE YST AVE NE 15T�`AVE J i� z E OOEAN fit,ti/E ��,. ( sei� ❑CERN AVE _f v� ( � I I� 5 1 sE 1 T AVE r 2 HUDSON AVE J 6rryntan Beach' - ; L�` _4sESROAVE} = I �` t 11i SW oR[3 e4VE �= j-y - yni �I P )� SALE AVEIlk 'Ell-, c� srHaVE �� 5T" q�' v C) 1 it SE 8 �— �I SALE 3 HARBouR DR,�� SE 9TH AVE 8 t _ �.Ot9 it C]ALE D`N `t _'SW 1QTH AVE SE 10TH COVE �� t) HARBOUR DR S` tI ASBURY�WAY �11TH AV E_f iC}: i i� - t � It n' , -,7 BEi2TH v'�.VE S'sn[12TH A'VE MORTON S WAY j [IF SW 13TH J+L+E _HIBISCUS WAYS,; z 1 t ( � r (� SW,i4TI AVE_ �3 .WII WS]0L8RIOHT RD�i E OLBRIGHT RD - �, SE Ii NORTH BLVD P8'fry u'E ❑ m hr A r ,_ 4` S UTH 6LVDt�t i �• t!` ,� Ix awl f SE i5T CIR.. N _ SE 21S�A.VE ?9 ' � �) SE� D AVE - o l^ r'{ U S�W 24TH ME Jil SE23RD AVE _,�—I �CN �L A � Data use subject to license. CDeLorme Del_orme Street Atlas USAO 2009. 0 800 1500 2400 3200 4000 WWw delorme.com MN(6.8°W) Data Zoom 13-0 29 VACANT LAND SALES SALE NO. 1 LEGAL DESCRIPTION Lengthy legal description. See exhibit. RECORDED O. R. Book 28957,Page 1337 GRANTOR The Alpine Seven Company, Inc. GRANTEE Boynton Beach Community Redevelopment Agency DATE OF SALE March 15,2017 LOCATION 1110 North Federal Highway Boynton Beach,FL ZONING "C-4,"General Commercial PROPOSED LAND USE Mixed Use, low intensity CRA District Federal Highway District—North SALE PRICE $170,000 LAND SIZE 6,033 square feet UNITS OF COMPARISON $28.18 per square foot of land PARCEL CONTROL NO. 08 43 45 2132 002 0211 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Theresa Utterback for grantee COMMENTS Negotiated transaction based on the market price for the property. Existing old store on the site will be demolished and removed to make way for redevelopment of the site. 30 , ��+ +1 r t s J t i`•i t t= t I 1 Ci LL Y 1 li at 9� �41h E E .��. - ��tti��ll, � " st S i 1 4„ �l t LAND SA E 1 1110 N FEDERAL HIGHWAY BOYNTON BEACH, FL 31 CFN 20170094923 OR BK 28957 PG 1337 RECORDED 03/17/2017 16:04:34 Palm Beach County, Florida AMT 170,000.00 DEED DOC 1,190.00 Sharon R. Bock CLERK&COMPTROLLER Prepared by and return to: Pgs 1337-1338; (2Pgs) Spencer kSiegel,Esq. Siegel S' &Wright 1600 th ie Hwy Suite 300 Boca R 33432 561-620- File Num be ine Seven Will Cali No.. �o [Space Above This Line For Recording Data] Warranty Deed 0f� This Warranty Dedd made this 15th day of March, 2017 between The Alpine Seven Company, Inc., a dissolved Florida corporation who t office address is PO Box 700, Boynton Beach, FL 33425-0700, grantor, and Boynton Beach Community Redev ment Agency, a public agency whose post office address is 710 N. Federal Highway, Boynton Beach, FL 33435,grtc1- 7 b (Whenever used herein the tenns "gran 'grantee" include all the parties to this instrument and the heirs, legal representatives, and assigns of individuals,and the successors and assigtions,trusts and trustees) O Witnesseth, that said grantor, or I Sdt deration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other good and valuable considerations to sain hand paid by said grantee,the receipt whereof is hereby acknowledged, has granted, bargained, and sold to thetee, and grantee's heirs and assigns forever, the following described land, situate,lying and being in Palm Beach C1 ride to-wit: The North 66 feet as measuri ht angles to the North line of the following described parcel:That part of Lots 20,21 and 2 ck 2, Lake Addition,a Subdivision of the City of Boynton Beach,Florida,according to the Plat t on file in Office of the Clerk of the Circuit Court in and for Palm Beach County, Florida, recor Plat Book 11, page 71, of the Public Records of Palm Beach County,Florida,more particula ibed as follows:Beginning at the Southwest corner of Lot 20, Block 2, Lake Addition, run Easter y ng the South line of said Lot 20,a distance of 122.5 feet to a point; thence Northerly at right o the South line of said Lot 20, a distance of 131.7 feet,more or less to a point in the North line of Lot 22,Block 2,Lake Addition,thence run Westerly along the North boundary line of said Lot 22, to the Northwest corner of said Lot 22; thence Southwesterly along the West line of Lots 22,21 and 20,to the Point of Beginning. Parcel Identification Number: 08-4345-21-32-002-0211 Together with all the tenements,hereditaments and appurtenances thereto belonging or in anywise appertaining_ To Have and to Hold,the same in fee simple forever. And the grantor hereby covenants with said grantee that the grantor is lawfully seized of said land in fee simple;that the grantor has good right and lawful authority to sell and convey said land;that the grantor hereby fully warrants the title to said land and will defend the same against the lawful claims of all persons whomsoever; and that said land is free of all encumbrances,except taxes accruing subsequent to December 31,2016. DoubleTinne® 32 CFN 20170094923 BOOK 28957 PAGE 1338 2OF2 In Wi s Whereof,grantor has hereunto set grantor's hand and seal the day and year first above written. Signe cal d delivered in our presence: O The Alpine Seven Company, Inc.,a Florida for profit V 0 ? corporation Witness Name: Mardy Powell,President Witness Name: (Corporate Seal) State of Florida 0 County of Palm Beach The foregoing instrument was Acknowl fore me this 15th day of March,2017 by Mardy Powell of The Alpine Seven Company, Inc., a Florida for profit corpo t on behalf of the corporation. He [ 1 is_taersQnally known to me or [X}has produced a driver's license as identification. �--- [Notary Seal) blic Printed Name: Spe er B Siegel,Esq. _• _ W H IFFMW M Commission Expires: May 15,2020 EXPIRES:KW to 2020 Y P _ Y _ Warranty Deed-Page 2 DoubleTime® 33 VACANT LAND SALES SALE NO. 2 LEGAL DESCRIPTIONS Lot 10, the south 1/2 and Lot 11, Block 'A" PENCE'S SUBDIVISION NO. 1, Plat Book 1, page 33, Palm Beach County,FL Lots 14 and 15, Block 'A" PENCE'S SUBDIVISION NO. 1, Plat Book 1,page 33,Palm Beach County,FL RECORDED O. R. Book 28567,Page 956 O. R. Book 29557,Page 1905 GRANTORS Okee Boynton 2015, LLC Richard Smith et al GRANTEES Ocean Hudson,LLC Exsorro One,Inc. DATE OF SALES August 30, 2016 December 28,2017 LOCATIONS 412 Southeast 4 Street 420 Southeast 4 Street Boynton Beach,FL ZONING "C-3,"Community Commercial PROPOSED LAND USE Mixed Use,medium intensity CRA District Downtown District SALE PRICE 412 SE 4 Street: $ 240,000 420 SE 4 Street: 1,200,000 Total $1,440,000 LAND SIZE 21,510 sq ft+28,676 sq ft=50,186 sq ft UNIT OF COMPARISON $28.69 per square foot of land PARCEL CONTROL NOS. 08 43 45 28 07 0010101 and 0140 CONDITIONS OF SALE Cash sales. Arm's length transaction. CONFIRMED Kenneth Kaleel, attorney for grantee COMMENTS Grantees are related companies. Properties are abutting. 412 is a vacant site. Existing old dwelling units on 420 will be demolished and removed to make way for redevelopment of the site. 34 r s , 1 Ij LANDS LE 2 412 & 420 SOUTHEAST 4 STREEET BOYNTON BEACH, FL 35 VACANT LAND SALES SALE NO. 3 LEGAL DESCRIPTION Lots 1, 2, 3 and 4, Block "C," PENCE'S SUBDIVISION NO. 1, Plat Book 1, page 33, Palm Beach County, FL, less the east 13 feet of Lots 1 and 4 for Federal Highway RECORDED O. R. Book 29241,Page 1523 GRANTOR Hidden Brook Corporation GRANTEE Exsorro One,Inc. DATE OF SALE July 25,2017 LOCATION 601 South Federal Highway Boynton Beach,FL ZONING "C-3,"Community Commercial PROPOSED LAND USE Mixed Use, medium intensity CRA District Downtown District SALE PRICE $1,250,000 LAND SIZE 52,507 square feet UNITS OF COMPARISON $23.81 per square foot of land PARCEL CONTROL NO. 08 43 45 28 07 003 0010 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Kenneth Kaleel, attorney for grantee COMMENTS Vacant parcel with street frontage on three sides: South Federal Highway, SE 4 Street and SE 5 Avenue. 36 n \S \ a afvd I I 9 t t II II i �I n t E (4 ,_� - r,r�.�� ,•<e � ��..,-;� �' �sesmav��' s.kvvv ��.� t :.I srll�l ��1��1��V _?�� t LAND SALE 3 601 SOUTH FEDERAL HIGHWAY BOYNTON BEACH, FL 37 VACANT LAND SALES SALE NO. 4 LEGAL DESCRIPTION Lot 11, Block "B," PENCE'S SUBDIVISION NO. 1, Plat Book 1,page 33,Palm Beach County, FL, RECORDED O. R. Book 29576,Page 256 GRANTOR James Ploen GRANTEE Exsorro One,Inc. DATE OF SALE January 8,2018 LOCATION 415, 421 and 425 Southeast 5 Avenue Boynton Beach,FL ZONING "C-3,"Community Commercial PROPOSED LAND USE Mixed Use, medium intensity CRA District Downtown District SALE PRICE $611,000 LAND SIZE 21,593 square feet UNITS OF COMPARISON $28.30 per square foot of land PARCEL CONTROL NO. 08 43 45 28 07 002 0111, 0112, 0113 CONDITIONS OF SALE Purchase money mortgage in the amount of $531,000 at the market rate of interest. Arm's length transaction. CONFIRMED Kenneth Kaleel, attorney for grantee COMMENTS Three contiguous small parcels improved with old single family houses from 1924-1938, which will be demolished and removed to redevelop the site along with other parcels assembled by the same grantee. Road frontage on two sides: SE 4 Street and SE 5 Avenue. 38 s LA D SALE 4 415, 421 & 425 SOUTHEAST 5 AVENUE BOYNTON BEACH, FL 39 VACANT LAND SALES SALE NO. 5 LEGAL DESCRIPTION Lots 12 and 13, less the east 15 feet, PARKER ESTATE, Plat Book 10,page 37,Palm Beach County,FL RECORDED O. R. Book 29130,Page 501 GRANTOR ALTA 1111 LLC GRANTEE Indiantown Land Holdings LLC DATE OF SALE June 1,2017 LOCATION 1111 South Federal Highway Boynton Beach,FL ZONING "C-3,"Community Commercial PROPOSED LAND USE Mixed Use, medium intensity CRA District Downtown District SALE PRICE $340,000 LAND SIZE 15,460 square feet UNITS OF COMPARISON $22.00 per square foot of land PARCEL CONTROL NO. 08 43 45 28 24 000 0120 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Lloyd Granet, attorney for grantee COMMENTS Vacant parcel with street frontage on three sides: South Federal Highway, SE 4 Street and SE 10 Avenue. 40 r y fz r r v{z{t M £StA �Sd t 1 �v Ss.i, I N -- W )4•i}.,1, l�iT `��\r;{�(!2 11t�t�l ��t��} �� -. t� \� ��1�- �ll�w I 1• �4�y �,g� - g , ( r� 117a 1 Ii 1 , t LAND SALE 5 1111 SOUTH FEDERAL HIGHWAY BOYNTON BEACH, FL 41 VACANT LAND SALES SALE NO. 6 LEGAL DESCRIPTION The south 100 feet of Lot 2, LEE MANOR ISLES, Plat Book 24, page 211, Palm Beach County, FL, less right-of-way for Federal Highway RECORDED O. R. Book 29355,Page 1851 GRANTOR Anand Patel et al GRANTEE Exsorro One,Inc. DATE OF SALE September 21, 2017 LOCATION 1320 South Federal Highway Boynton Beach,FL ZONING "C-1,"Office Professional PROPOSED LAND USE Mixed Use, medium intensity CRA District Federal Highway District—South SALE PRICE $565,000 LAND SIZE 22,686 square feet UNITS OF COMPARISON $24.91 per square foot of land PARCEL CONTROL NO. 08 43 45 27 05 000 0021 CONDITIONS OF SALE Cash sale. Arm's length transaction. CONFIRMED Kenneth Kaleel, attorney for grantee COMMENTS Vacant parcel at the northeast corner of South Federal Highway and Riviera Drive. 42 �4 y a p ' LAND SALE 6 1320 SOUTH FEDERAL HIGHWAY BOYNTON BEACH, FL 43 bn 7t M M M M 7t N U U U U U U U 00 H CD N oo OM O F�, a O CJ 00 00 M 00 N 7t r P� 69 69 69 69 69 69 7 69 V OcnM 00 O C1 I'D 00 7t F� � � O N N V O O O O O O O O O O O O C O O � O 7t I -- 7 N I'D M W 69 69 69 69 69 69 ran V� O 0000 V� 0000 \- \- 00 cr3 M 00 cn O O -- O O O O O O N 0 w w U N t C/5 SALES COMPARISON APPROACH LAND VALUATION Of the several methods to develop an opinion of land value, the one considered to be the most reliable is the Sales Comparison Approach. In this method, sales of other similar vacant parcels are compared to the site concerned; then adjusted for differences to arrive at land value. For the opinion to be supportable,there must be an adequate number of sales of similar properties for comparison to the subject. The steps of sales comparison in Land Valuation are: 1) Locate and collect information of recent sales of sites most similar to the land being appraised. 2) Verify the sales information with parties to the transactions, including details of financing and any special considerations or non-typical market features. 3) Select relevant units of comparison and develop a comparative analysis for each unit. 4) Compare and adjust the sales to the subject using the significant, market-derived units of comparison. 5) Reconcile all value indications from the comparisons into a single value opinion by this approach. The appraised property is improved with a depreciated commercial building. Highest and best use for the property is to demolish and remove the building, then redevelop the land with either a small commercial building or combine it with adjacent property for a larger mixed use project. Land size is approximately 4,648 square feet; zoning is "C-4", General Commercial. The subject market area is in the revitalization stage of its life cycle. A search was made to find recent sales of properties fronting Federal Highway or close-by which are either vacant or will be vacant when the old improvements on them are demolished and removed. Of the properties reviewed, the six which are more similar to the subject are cited in this report. Details of the sales and listing are on the sale sheets and chart. The unit of comparison relevant to this valuation is Sale Price per Square Foot of Land. The range of prices is from $22.00 to $28.69 per square foot of land,before adjustments. ELEMENTS OF COMPARISON Elements of comparison are the characteristics of transactions and properties that cause variation in prices paid for real estate. The Appraisal of Real Estate continues by stating that there are basic elements of comparison that may be considered in sales comparison analysis for land valuation. The first group is termed transactional elements being: real property rights conveyed, financing terms, conditions of sale and market conditions. This second group of property elements consists of location,physical characteristics and use. Each element is hereafter addressed. (Continued) 45 LAND VALUATION (Continued) Real Property Rights Conveyed A transaction price is always predicated on the real property interest conveyed. Property interests conveyed can either be fee simple (without tenants) or leased fee (subject to leases). An adjustment for property rights conveyed is based on whether a leased fee interest was sold with leases at market rent, or below or above market rent. In the case of land,there could be a land lease on the site that would create a leased fee interest. The lease amount would require examination to see if the tenant (the leasehold interest) had a value greater than zero. If it is, then the submarket rental rate would give some of the property value to the tenant. The sales were the conveyance of fee simple interest, the same interest valued for the land in question. No numerical adjustment is warranted for this element of comparison. Financing Terms Financing terms may have a bearing on the price paid for a property. Such terms that may affect price include assuming a mortgage at lower than current interest rates, the seller paying a buydown for the buyer to have a lower interest rate, or the seller providing financing for a transaction at lower than typical institutional rates. In all of these cases, the buyer could have paid higher prices in such transactions to obtain favorable financing. All of the land sales except No. 4 were in cash, which is the most common form of payment for vacant land. The grantor of Sale 4 accepted a purchase money mortgage from the buyer in the amount of$531,000 (87% loan to price ratio) on a short-term basis. The land unit price for No. 4 is in the range of the other sales, suggesting the financing did not have a significant effect on the amount paid. No adjustments are necessary for this element of comparison. Conditions of Sale Condition of sale addresses the motivation of buyers and sellers. Such motivations include a seller accepting a lower than market price for needed cash, a lender selling a previously foreclosed property to comply with regulations imposed on the institution, or a buyer purchasing an adjacent property. Even arm's length transactions may be the result of atypical motivation, such as lack of exposure time to the market,the result of an eminent domain proceeding, or tax consideration. The grantee of Sale 1 is the Boynton Beach Community Redevelopment Agency, with the motivation of purchasing properties in the CRA for assemblage and/or redevelopment by other entities or in partnership with other property owners. The price the CRA paid was based on other market sales and negotiated with the seller. The motivation of the CRA is similar to other buyers in the market area where the buyers are purchasing numerous properties to assemble a site large enough for a financially feasible project. The unit price for Sale 1 is at the top of the range of the comparable sales,but still an indicator of the unit value for the parcel appraised. (Continued) 46 LAND VALUATION (Continued) Sales 2, 3, 4 and 6 were purchased by Exsorro One, Inc. or an affiliated entity, with Nos. 2, 3 and 4 in close proximity to each other. Sale 2 is an assemblage of adjacent properties. Sale 3 consists of two adjacent parcels which were purchased at one time. Motivation of the grantee of these sales appears to be similar to others who have made purchases in the area over the years which is as stated to assemble a site for development of a mixed use,higher density project. Exsorro One, Inc. also purchased Sale 6, a stand-alone property, in the southern part of the Federal Highway corridor in Boynton Beach. Land Sale 5 is two blocks north of No. 6, also an individual purchase. Conditions of sale of the transactions are emblematic of a market area in the revitalization phase of its life cycle. Old improvements reach the end of their economic lives. Some sites are too small for financially feasible redevelopment. Population is increasing with residents seeking new lifestyle accommodations. Thus, assemblages become the norm without need for adjustment for this motivation. Market Conditions Comparable sales that occurred under different market conditions than those applicable to the subject on the effective date of the value estimate require adjustment for any differences that affect their value. The most common adjustment for market condition is time; however, the passage of time itself is not the cause of the adjustment. Market conditions which change over time are the reason to make the adjustment, such as appreciation or depreciation due to building inventory, changes in tax laws, investor's criteria, building moratoriums, fluctuation in supply and demand, et cetera. It is also possible that there is no change in market condition over time. Dates of sale are recent and are representative of current market conditions. There have been no other sales of sites along Federal Highway to support a quantitative upward adjustment for market conditions. No adjustment is necessary for this element of comparison. Adjustments for transactional elements of comparison were considered; now, the land sales are likened to the subject and to each other for property elements of comparison. Location The location of a property is a key factor in prompting a buyer to purchase it. Location encompasses many aspects such as road frontage, access, traffic count, proximity to other competing properties, proximity to a market that will use the goods and services housed in a property, governmental influences, etcetera. Typically, properties in a neighborhood share some of the same locational characteristics such as age, condition, and style. However, there may be differences such as corner location, view, and zoning, to name a few. Properties of a similar type may be in different locations, yet the locations may share enough similarities to justify comparison. Factors of similarity between locations include average daily traffic counts, zoning and/or land use, and market composition. (Continued) 47 LAND VALUATION (Continued) All of the sales are located on or near Federal Highway in Boynton Beach. Sale lis across the highway from the subject property, in the Community Redevelopment Area (CRA) Federal Highway District North. Sales 2, 3, 4 and 5 are in the CRA Downtown District. No. 6 is just to the south of No. 5 in the CRA Federal Highway South district. The CRA Downtown District is closer aligned with future land use and the permitted intensity for a new project. Zoning for the land concerned is "C-4", General Commercial, as is for Sale 1. Zoning for Sales 2, 3, 4 and 5 is "C-3", Community Commercial; No. 6 is zoned"C-1", Office Professional. Currently, "C-4" allows more uses than the other two districts. However as time progresses, land use will be the more influential factor in development than zoning. In the future when there are more new projects, there may be support to make adjustments for location. For now, no adjustment will be made for this element of comparison. Physical Characteristics Physical characteristics to be considered for adjustments are those that cause a difference in price to be paid by the market. A wide range of such items includes land size, shape, frontage, topography, view, access, functional utility, et cetera. Adjustments for physical characteristics are best derived from the market by paired sales comparison. Through the process of searching for comparable sales, the physical characteristics are of great import. From the universe of possible comparable sales, those that are most similar to the site appraised are presented in the report for analysis and comparison to the subject. The less the number of physical differences,the better. Land size for the subject is 4,648 square feet. The most similar property for size is No. 1 containing 6,033 square feet. Both are small for stand-alone buildings. The other sales range in size from 15,460 to 52,507 square feet. There does not appear to be a direct relationship between parcel size and price per square foot. Assemblage and redevelopment of the sites are more significant factors that influence unit price. The appraised property is has an old improvement on it, as does Nos. 1, 2 and 4. The grantees of these properties will pay for the demolition and removal of the old improvements as part of the development process for new improvements on the sites. There could be some salvage value to off-set the cost of demolition. Cost for demolition and removal of the old improvements are not adjusted for in this valuation. The land concerned is adjacent to the Florida East Coast Railroad. Being such a small site, there is little room for a buffer from the tracks for noise reduction and safety. (Continued) 48 LAND VALUATION (Continued) Use For sites to be comparable, they should have similar uses. Future uses for the subject and sales could be smaller commercial buildings, but will more probably be larger mixed use projects when they are assembled with adjacent properties. No adjustment is called for this element of comparison. FINAL VALUE OPINION Following is a summary of the square foot unit sale prices for the six sales: Land Sale Sale Price per Square Foot 1 $28.18 2 $28.69 3 $23.81 4 $28.30 5 $22.00 6 $24.91 Land Sale 1 is across Federal Highway from the appraised property. Land Sales 2, 3 and 4 appear to be part of an on-going assemblage just to the south of downtown Boynton Beach. Land Sales 5 and 6 are on the south end of the Federal Highway corridor in the city. The range of unit prices is from $22.00 to $28.69 per square foot of land, with the prices having been influenced by a number of factors. The site concerned has a corner location at a signalized intersection in the northern section of the Federal Highway corridor. The parcel is small and adjacent to the railroad tracks. Assemblage could only occur with the property adjacent to the north. Physical characteristics of the appraised land are off-setting between positive and negative. Considering the characteristics of the land under appraisement and the foregoing discussion, the unit value for the subject is in the mid-range of the of the unit sale prices at$25.00 per square foot. The quantity of the comparable data is sufficient to have an overview of the market for land on or near the Federal Highway corridor in the city of Boynton Beach. The quality of the data is good in that it provides a sound basis to develop an opinion of value for the land under appraisement. Based on the analysis and conclusions presented within the report, it is our opinion that the Market Value of the Fee Simple Estate of the Subject Property as of February 8,2019 is: $25.00/sq.ft. of land x 4,648 square feet of land= 116 000 ONE HUNDRED SIXTEEN THOUSAND DOLLARS 49 CERTIFICATION I certify that, to the best of my knowledge and belief,the statements contained in this report are true and correct. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal,unbiased professional analyses, opinions, and conclusions. I have no present or prospective interest in the property that is the subject of this report, and I have no bias or personal interest with the parties involved. The appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. My compensation is not contingent on an action or event resulting from the analyses, opinions, or conclusions in, or the use of, this report. I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. The analyses, opinions and conclusions were also developed and the report prepared in conformity with the Uniform Standards of Professional Appraisal Practice, which is included in the Appraisal Institute's Standards, and Chapter 475,Part 11 F.S. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. The use of this report is (also) subject to the requirements of the State of Florida relating to review by the Florida Real Estate Appraisal Board. I have visited the property that is the subject of this report on February 4,2019. Jesse B. Vance, Jr. and Claudia Vance are responsible for the analyses, conclusions and opinions concerning real estate set forth in this report. No one else has provided significant professional service to the persons signing this report. The Appraisal Institute and the American Society of Appraisers each conduct programs of continuing education for their designated members. As of the date of this report, Jesse B. Vance, Jr. and Claudia Vance have completed the requirements of the continuing education program of the Appraisal Institute. Continuing educational requirements are also completed for the American Society of Appraisers and the State of Florida. February 8. 2019 Jesse B. Vance, Jr., MAI, SRA, ASA Florida State-Certified General Real Estate Appraiser No. RZ-85 &n��e February 8,2019 Claudia Vance,MAI Florida State-Certified General Real Estate Appraiser No.RZ-173 50 CERTIFICATION AND LIMITING CONDITIONS The statements and conclusions contained in this report,subject to the limiting conditions hereafter cited,are correct to the best of the writers'knowledge. 1. The undersigned have personally visited the subject of this report. No pertinent information has been knowingly withheld. 2. Unless specifically included,the subject is analyzed as though free and clear of liens and encumbrances. 3. No responsibility is assumed for legal matters,nor is an opinion of title rendered. Title is assumed to be good and held in Fee Simple. 4. Legal descriptions and property dimensions have been furnished by others;no responsibility for their correctness is assumed. Sketches which may be in the report are for illustrative purposes only. 5. Possession of any copy of this report does not carry with it the right of publication,duplication,or advertising using the writers' names or professional designations or membership organizations. 6. The writers are not required to testify without prior agreement. 7. Neither the employment to make this appraisal nor compensation therefore is contingent on the value reported. 8. Improvements,if any,are those noted and reported on the date of inspection. 9. The value or values estimated apply ONLY as of the date of valuation stated within the report. 10. The writers certify that they have no present,past or contemplated interest in the subject of this report. 11. This report is the property of the indicated client. It may not be used by any other party for any purpose not consistent with the written function of this report without the express written consent of the writers AND client. 12. The reported analyses,opinions and conclusions were developed,and this report has been prepared,in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Practice and Conduct of the Appraisal Institute. The work also conforms to the Uniform Standards of Professional Appraisal Practice. 13. The existence of potentially hazardous material used in the construction or maintenance of buildings,such as the presence of urea formaldehyde foam insulation,and/or existence of toxic waste,which may or may not be present on the property,has not been considered. Additionally,soil or sub-soil contamination may exist from current or prior users,or users outside the property concerned. The appraisers are not qualified to detect such substances. We urge the client to retain an expert in this field if desired. 14. The appraisers have not been provided a Habitat Survey,Endangered Species Survey,or analysis by a qualified environmental specialist indicating the presence of or proximity to environmentally sensitive and/or protected land or species which could affect the use,and possibly,value of the appraised property. The appraisers are not qualified to identify these factors. We recommend that an expert be hired where there may be reasonable cause to expect the presence of any of the cited elements. 15. Jesse B.Vance,Jr.and Claudia Vance were responsible for the analyses,conclusions,and opinions of real estate set forth in this report. (No one else provided significant professional assistance to the report signers). 16. The Americans with Disabilities Act(ADA)became effective January 26,1992. We have not made a specific compliance survey and analysis of this property to determine whether or not it is in conformity with the various detailed requirements of the ADA. It is possible that a compliance survey of the property would reveal that the property is not in compliance with one or more of the requirements of the act,which could reduce property value. 17. Prospective value estimates are based on current conditions and trends. The appraisers cannot be held responsible for unforeseeable events that might alter market conditions upon which market value has been estimated. 18. The appraisers certify that they have the knowledge and experience required to perform this appraisal assignment. 19. The appraiser reserves the right to amend or change this report at any time additional market information is obtained which would significantly affect the value opinion. Jesse B.Vance,Jr.,MAI,SRA,ASA State-Certified General Real Estate Appraiser No.RZ 85 February 8,2019 Claudia Vance,MAI State-Certified General Real Estate Appraiser No.RZ 173 February 8,2019 51 ADDENDA CFN 20120351122 OR BK 25434 PG 0464 RECORDED 09/06/2012 11:27:53 Palm Beach County, Florida AMT 40,000.00 his instrument prepared by: Doc Stamp 280.00 �tF�nancial m C.Davell, Esquire Sharon R. Back,CLERK & COMPTROLLER MEACHAM& DAV ELL,P.A. p s 0464 - 465• (2 s) Plaza,Suite 2602 9 p9 �auderdaleFlorida 33394 0 Propi Folio#:08-43-45-21-32-008-0010 -----------0------------------------------(space above this line for recording data)------------------------------------------- SPECIAL WARRANTY DEED 0 THIS SP IAL WARRANTY DEED,made this 11Aday of August, 2012, BETWEEN HEARTWOOD 57,(&a Florida limited liability company(the"Grantor*"),having its place of business and post office maflin ress at 2100 West Cypress Creek Road, Fort Lauderdale, Florida 33309, and BENJAMIN L.HO, a t man(the"Grantee*"),having his post office mailing address at 4272 Deste Court,Suite 302,Lake �grida 33467. WITNESSETH: T rantor,for and in consideration of the sum of Ten and No/100 Dollars ($10.00)and other valuable co tions,receipt whereof is hereby acknowledged,hereby grants,bargains, sells,aliens,remise, releases,c a d confirms unto the Grantees,all that certain land situate in Palm Beach County,Florida,to-wit: Lot 1,Block A,LAK) A DIT[ON TO BOYNTON,FLORIDA,according to the Plat thereof, as ed in Plat Book 11, Page 71, of the Public Records of Palm Beach ,Florida. LESS and EXCEPT the East 17 feet of Lot 1 (when me t right angles to the East line of said lot), Block A and that part of Lock A,which is included in the external area formed by a 12 foot radius are tangent to the South line of said Lot 1, and tangent to a line 17 feet Westerly of and parallel to the East line of said Lot 1,Block A,LAKE ADDITION TO BOYNTON,FLORIDA,according to the Plat thereof,as recorded in Plat Book 11,Page 71. Together, with all tenements, hereditament and appurtenances thereto belonging or in anywise appertaining. To Have and to Hold, the same in fee simple forever, subject to taxes for the year 2012, and subsequent years; and covenants, restrictions and public utility easements of record, existing zoning and governmental regulations. And the Grantor hereby covenants with said Grantee that the Grantor is lawfully seized of said land in fee simple;that the Grantor has good right and lawful authority to sell and convey said land,and hereby warrants the title to said land and will defend the same against the lawful claims of all persons claiming by, through or under the said Grantor. *"Grantor"and "Grantee"are used for singular or plural,as context requires. 53 Book25434/Page464 Page 1 of 2 IN WITNESS WHEREOF,the Grantor has caused these presents to be executed in its name,and its al to be hereunto affixed by its proper officer thereunto duly authorized, the day and year first above tten. ec, Sealed and Delivered Presence: HEARTWOOD 57, LLC, a Florida limited ° liability company ZBy: ' A— Wi ess p ame: � r s Qj AND W L.MERAN, Vice President of the Management Committee f� Witness printed n e:Fr�gNk S,gL,Af►��NC' [Seal] o MSi�A 11�CMIC man tine-so of POW MIf CMO.bpkn on 14,2016 STATE OF FLORIDA ' (Dorm COMMON i IN 161{116 1[�low 6K ss4COUNTY OF BROWARD :W The foregoing instrument wnk' anagementCommitt=ee57, dged before me this��day of August, 2012, by ANDREW L.MERAN,Vice President LLC,a Florida limited liability company, on behalf opany. He i eror has produced (type of identificat Printed Name: C' lZf FG NOTARY PUBLIC Serial No.: My Commission Expires: 1 4 '`:7 54 Book25434/Page465 Page 2 of 2 I Ig�lli��Ili DSIII��III X6111��I�I 11111 ISI 191 OR BK 30338 PG 0940 PREPARED BY: RECORDED 01/02/2019 08:19:56 Karen Yeh Ho ANT 10.110 Dog_ Stamp 0.70 6826 Fiji Circle Palm Beach Countar Florida B ton Beach, FL 33437 Sharon R. BockpCLERK h COMPTROLLER Pgs 0941? - 941; (2pss) RDING REQUESTED BY: nin Ho 2 1alachee Parkway#79B Tal ee, FL 32301 AN RECORDED MAIL TO: Wing 9174 ChCourt Boynton B FL 33472 MAIL TA TEMENTS TO: Wing Ho 9174 Chianti Cert Boynton Beach, F03472 SPACE ABOVE THIS LINE FOR RECORDER'S USE ONLY QUITCLAIM DEED KNOW ALL MEN BY SE PRESENTS THAT: THIS.QUITCLAIM DEED, a and entered into on the 31 th day.of DECEMBER , 2018, between BENJAMIN HO_(5 A SINGLE PERSON, WHOSE ADDRESS IS 2855 Apalachee Parkway #79B ("G and WING HO and KAREN HO, HUSBAND AND WIFE (FATHER and MOTHE ose address is 9174 CHIANTI COURT, BOYNTON BEACH, FL 33472 ("GRANTEE")0 For and in consideration of the sum Dollars ($10.00) and other good and valuable consideration, the receipt and sufficie which is hereby acknowledged, Grantor hereby Remises, Releases, AND FOREVER ims to GRANTEE, the property located in Palm Beach, Florida County, Florida, describ Mailing address: 1101, 1103 N. Federal Highway, Boynton Beach, FL 33435 Parcel Control Number: 08-43-45-21-32-008-0010 Legal Description: LOT 1, BLOCK A, LAKE ADDITION TO BOYNTON, FLORIDA, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 11, PAGE 71, OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA. LESS AND EXCEPT THE EAST 17 FEET OF LOT 1 (WHEN MEASURED AT RIGHT ANGLES TO THE.EAST LINE OF SAID LOT), BLOCK A AND.THAT PART OF LOT 1, BLOCK A. WHICH IS INCLUDED IN THE EXTERNAL AREA FORMED BY A 12 FOOT RADIUS ARC TANGENT TO THE SOUTH LINE OF SAID LOT 1, AND TANGENT TO A LINE 17 FEET WESTERLY OF AND PARALLEL TO THE EAST LINE OF SAID LOT 1, BLOCK A. LAKE ADDITION TO BOYNTON, FLORIDA, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 11, PAGE 71. Prior instrument reference: SPECIAL Warranty Deed, Volume/Book No 25434, Page 0464, Recorded 09/06/2012 11:27:53 Palm Beach County, Florida. Pgs 0464-0465 (2pgs), Quitclaim Deed.: Parcel Control Number: 08-4345-21-32-008-0010 Page I of 55 Book30338/Page941 CFN#20190000054 Page 2 of 2 Wxult>>Ient No. , of the Recorder of Pa!m Beach C''eanty, Flarida, recarQf%..d UVN 21112035➢1'22, :)'1 et-tU all, if any, -a.tld easements. rights chwiv, covenants, condi-icns, reservations and ir `tg s of record. Subject to taxes for ;•:11.9 and su'osequen!Cants al! o-f he Grantor"s rights, title and interest in 2.Ild to al, of';he nl;ove described pnupre.mises to the Grantee, and tothe Grantee's heirs and assigns forever ir_ fee sthat neither Granto! nor Grantor's heirs lega'. representatives or assigns shall have, claim, o�n°and any right or title to the prop;"rty, premises, or appurtenances, or any part thereof. !N WFI'NESS SOF the grantor has executed this decd on the—3 I t:h da}- of 2019. Date -- � RE�1T�4K2.��.--�}_o..-:_. Grantor o ddress: 9� � o t �.�•.sn�� T�- Ro-t'+'Taa �p'^'� ra . r' itr}l: 82j�o ��✓/D f V r-4, Ad: s: 7 7 O �1Talitor S ess ��tizo APam 4M►c'w STATE OF_ --- � CC)UI`I'L'Y OI' -------------- - -- The foregoing instrument was acl nowiedged before me this the _ 3 _ day of Ll--- -.--, 1018 by6Vijf After 14 _-._--who is personally known to me or has produced r�0t- pis identification and who did/ did not take an oath. Signature of Notes•/.Deputy C!erk.�� S Tri vV �rS'Wlii y Printed Mfm'e of Notary/Depufy Clerk STEVEN SCOTT GREBINAR Notary Public-State of Florida - Commission d GG 103704 My Commission expires: -• 6onded through National Notary Assn. Quiteiaim Deed : Parcel Control Numher: 08-43-4`-21-32-00,8-00 10 Page?. ot* 56 } r 5 r ` �r �,. k ��—�` a�< Cr r � �S' ��k��rJl rs t y{s}��"4.n'A �j ✓ M r 1 t � � fJJt ;Ya t A W N w O r a t M c "{3 > C. C-3 Community Commercial District. 1. General. a. Purpose and Intent. The purpose of the C-3 zoning district is to implement the local retail commercial (LRC) future land use map (FLUM) classification of the Comprehensive Plan. The intent of this conventional district is to encourage the development or use of property for appropriate intensive retail commercial uses providing for a wide range of goods and services, located along major thoroughfares. The C-3 district allows a maximum density of eleven (11) dwelling units per acre; however, all residential developments must adhere to the R-3 district building and site regulation in accordance with Section 2.17. above. b. Prerequisite Location Standard. In reaching recommendations and decisions as to zoning land to C-3, the advisory board and City Commission shall apply the following location standards, in addition, to the standards applicable to the rezoning of land generally: (1) Centrally and accommodating multiple neighborhoods; and (2) Abutting to at least one (1) major thoroughfare. 2. Use(s) Allowed. See "Use Matrix Table 3-28" in Chapter 3, Article IV, Section 3.D. 3. Building and Site Regulations (Table 3-16). No building or portion thereof shall be erected, constructed, converted, established, altered, enlarged or used unless the premises and buildings shall comply with the following regulations: BUILDING/SITE REGULATIONS C-3 District Minimum lot area: 15,000 s.f. Minimum lot frontage: 75 feet Minimum yard setbacks: Front: 20 feet' Rear: 20 feet2 Abutting: Residential district(s) 30 feet Interior side: 0 feet',3 Abutting: Residential district(s) 30 feet' Corner side: 20 feet' Abutting: Residential district(s) 30 feet' Maximum lot coverage: 40% Maximum Floor Area Ratio (FAR) 0.504 58 Maximum structure height: 45 feee 1 Reduced setbacks will be applied to property located within the Urban Commercial District Overlay Zone, Section 8.C.below. z Where rear yard access is available from a public street or alley,rear yard maybe decreased by one-half(1/2)the width of such street or alley,but in no case shall a rear yard be less than ten(10)feet. 3 Where rear access is not available from a public street or alley, aside yard of not less than fifteen(15)feet shall be provided on one(1)side. 4 A floor area ratio (FAR)up to 0.50 may be considered for local retail commercial uses allowed within the C-3 district(see "Use Matrix"—Chapter 3,Article IV, Section 3.13.),pursuant to the local retail commercial future land use classification of the Comprehensive Plan. s Not to exceed four(4)stories. 4. Review and Approval Process. a. Single-family and duplex dwellings and accessory uses thereto shall be allowed upon application to and approval by the Building Official for structures that require a building permit pursuant to Chapter 2, Article IV, Section 2. b. Community and common areas, such as recreational areas, landscape buffers and tracts, and project signage may be subject to site plan review. c. Non-residential uses shall require site plan approval in accordance with Chapter 2, Article II, Section 2.17. prior to application for building permit. 5. Parking. Required off-street parking is regulated in accordance with Chapter 4, Article V, Minimum Off-Street Parking Requirements. 6. Exterior Storage of Merchandise and Equipment. See Chapter 3, Article V, Section 8 for the regulations pertaining to the permanent exterior storage of merchandise and equipment. D. C-4 General Commercial District. 1. General. The purpose of the C-4 zoning district is to implement the general commercial (GC) future land use map (FLUM) classification of the Comprehensive Plan. The intent of this conventional district is to accommodate service and intensive commercial establishments and limited light industrial uses, and to serve as a transitional area between lighter commercial areas and general industrial uses or operations. 2. Use(s) Allowed. See "Use Matrix Table 3-28" in Chapter 3, Article IV, Section 3.D. 3. Building and Site Regulations (Table 3-17). No building or portion thereof shall be erected, constructed, converted, established, altered, enlarged or used unless the premises and buildings shall comply with the following regulations: 13 59 BUILDING/SITE REGULATIONS C-4 District Minimum lot area: 5,000 s.f. Minimum lot frontage: 50 feet Minimum lot depth: 100 feet Minimum yard setbacks: Front: 25 feet'2 Rear: 20 feet3 Abutting: Residential district(s) 30 feet Interior side: 15 feet'2,3 Abutting: Residential district(s) 30 feet Corner side: 15 feet'2 Abutting: Residential district(s) 30 feet Maximum lot coverage: 40% Maximum Floor Area Ratio (FAR) 0.504 Maximum structure height: 45 feet5 1 Reduced setbacks will be applied to property located within the Urban Commercial District Overlay Zone, Section 8.C.below. z Pursuant to Section 8.B.below,parcels that have frontage on Martin Luther King Jr. Boulevard and are located within the Martin Luther King Boulevard Overlay Zone shall have front,side interior,and side corner setbacks in accordance with the mixed use-low intensity 1 zoning district(see Section 5.C.below). 3 Where rear property line abuts a public street or alley,rear yard setback maybe reduced to ten(10)feet and no side yard shall be required, except on corner lots or where abutting single-family uses. 4 A floor area ratio (FAR)up to 0.50 may be considered for general commercial uses allowed within the C-4 district(see "Use Matrix"—Chapter 3,Article IV, Section 3.),pursuant to the general commercial future land use classification of the Comprehensive Plan. s Not to exceed four(4)stories;however,those parcels located within the Martin Luther King Boulevard Overlay Zone(Section 8.B.below)shall be limited to thirty(30)feet in height. 4. Review and Approval Process. Non-residential uses shall require site plan approval in accordance with Chapter 2, Article 11, Section 2.17. prior to application for building permit. 5. Parking. Required off-street parking is regulated in accordance with Chapter 4, Article V Minimum Off-Street Parking Requirements. 6. Exterior Storage of Merchandise and Equipment. See Chapter 3, Article V, Section 8 for the regulations pertaining to the permanent exterior storage of merchandise and equipment. 60 SUMMARY OF 2018—2019 USPAP(Uniform Standards of Professional Appraisal Practice) Standard Rule 2: Real Property Appraisal, Reporting In reporting the results of a real property appraisal, an appraiser must communicate each analysis, opinion, and conclusion in a manner that is not misleading. STANDARD 2 addresses the content and level of information required in a report that communicates the results of the real property appraisal. STANDARD 2 does not dictate the form,format, or style of real property appraisal reports. The form, format, and style of the report are functions of the needs of intended users and appraisers. The substantive content of a report determines its compliance. STANDARDS RULE 2-1 Each written or oral real property appraisal report must: (a) clearly and accurately set forth the appraisal in the manner that will not be misleading; (b) contain sufficient information to enable the intended users of the appraisal to understand the report properly; and (c) clearly and accurately disclose all assumptions, extraordinary assumptions, hypothetical conditions, and limiting conditions used in the assignment. STANDARDS R ULE 2-2(a) Each written real property appraisal report must be prepared under one of the following options and prominently state which option is used:Appraisal Report or Restricted Appraisal Report. The content of an Appraisal Report must be consistent with the Intended Use of the appraisal and, at a minimum: (i) state the identity of the client, unless the client has specifically requested otherwise; state the identity of any intended users by name or type; (ii) state the intended use of the appraisal; (iii) summarize information sufficient to idents the real estate involved in the appraisal, including the physical, legal, and economic property characteristics relevant to the assignment; (iv) state the real property interest appraised; (v) state the type and definition of value and cite the source of the definition; (vi) state the effective date of the appraisal and the date of the report; (vii) summarize the scope of work used to develop the appraisal; (viii) summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales comparison approach, cost approach or income approach must be explained; (ix) state the use of the real estate existing as of the date of value and the use of the real estate reflected in the appraisal; (x) when an opinion of highest and best use was developed by the appraiser, summarize the support and rationale for that opinion; (xi) clearly and conspicuously: state all extraordinary assumptions and hypothetical conditions: and state that their use might have affected the assignment results; and (xii) include a signed certification in accordance with Standards Rule 2-3. 61 475.611 Florida Statutes: Definitions.-- (1) As used in this part, the term: (a) "Appraisal" or"appraisal services" means the services provided by certified or licensed appraisers or registered trainee appraisers, and includes: 1. "Appraisal assignment" denotes an engagement for which a person is employed or retained to act, or could be perceived by third parties or the public as acting, as an agent or a disinterested third party in rendering an unbiased analysis, opinion, review, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real property. 2. "Analysis assignment" denotes appraisal services that relate to the employer's or client's individual needs or investment objectives and includes specialized marketing, financing, and feasibility studies as well as analyses, opinions, and conclusions given in connection with activities such as real estate brokerage, mortgage banking, real estate counseling, or real estate consulting. 3. "Appraisal review assignment" denotes an engagement for which an appraiser is employed or retained to develop and communicate an opinion about the quality of another appraiser's appraisal, appraisal report, or work. An appraisal review may or may not contain the reviewing appraiser's opinion of value. (b) "Appraisal Foundation" or"foundation" means the Appraisal Foundation established on November 20, 1987, as a not-for-profit corporation under the laws of Illinois. (c) "Appraisal report" means any communication, written or oral, of an appraisal, appraisal review, appraisal consulting service, analysis, opinion, or conclusion relating to the nature, quality, value, or utility of a specified interest in, or aspect of, identified real property, and includes any report communicating an appraisal analysis, opinion, or conclusion of value, regardless of title. However, in order to be recognized in a federally related transaction, an appraisal report must be written. (d) "Appraisal review" means the act or process of developing and communicating an opinion about the quality of another appraiser's appraisal, appraisal report, or work. (e) "Appraisal subcommittee" means the designees of the heads of the federal financial institutions regulatory agencies established by the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. ss. 3301 et seq.), as amended. (f) "Appraiser" means any person who is a registered trainee real estate appraiser, licensed real estate appraiser, or a certified real estate appraiser. An appraiser renders a professional service and is a professional within the meaning of s. 05._1.1_(4)(a). (g) "Board" means the Florida Real Estate Appraisal Board established under this section. (h) "Certified general appraiser" means a person who is certified by the department as qualified to issue appraisal reports for any type of real property. (i) "Certified residential appraiser" means a person who is certified by the department as qualified to issue appraisal reports for residential real property of one to four residential units, without regard to transaction value or complexity, or real property as may be authorized by federal regulation. Q) "Department" means the Department of Business and Professional Regulation. 62 Page 1 of 5 Vance Real Estate Service ANWONNNOMMIL 9 Jesse B. Vance, Jr., MAI, SRA, ASA, MBA Appraiser - Real Estate Analyst - Reviewer - Expert Witness Vance Real Estate Service - 7481 NW 4 Street - Plantation - Florida - 33317 Office: 954.583.2116; Cell: 954.610.2423; Email: vanceval(a,comcast.net Web Page: www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Currently registered in"SAM" (U.S. Government System for Award Management—DUNS 826494957).Designated appraisers perform the appraisal work,no trainees. Jesse B. Vance, Jr., MAI, SRA, ASA, MBA and Claudia Vance, MAI are qualified as expert witnesses for eminent domain, bankruptcies, deficiency judgments, marriage dissolution, and estate valuations. Our firm values most types of real property interests for sale, mortgage loans, litigation and investment reasonably, timely and professionally. As licensed real estate brokers,we perform most other real property functions.We also do"Valuations for Financial Reporting." PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/DEGREES/LICENSES&CERTIFICATIONS MAI DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 SRA DESIGNATION - APPRAISAL INSTITUTE/Life Member No. 8781 ASA DESIGNATION - AMERICAN SOCIETY OF APPRAISERS(RE-Urban)4003439 MBA DEGREE - REAL ESTATE MANAGEMENT AND DEVELOPMENT STATE-CERTIFIED GENERAL REAL ESTATE APPRAISER 4RZ-85(Florida) FLORIDA STATE LICENSED REAL ESTATE BROKER NO.BK.91050 REGISTERED VETERAN-OWNED SMALL BUSINESS(CCR/Duns 826494957) FLORIDA CERTIFIED SDVBE BUSINESS ENTERPRISE(Minority Business Enterprise-MBE) FLORIDA"D.E.P."APPROVED APPRAISER Currently registered in"SAM"(U.S.Government System for Award Management). B)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION 1.U.S.Court of Appeals,Eleventh Circuit 2.U.S.District Court,Southern District of South Florida 3.U.S.District Court,New Jersey 4.U.S.Bankruptcy Court,Southern District of Florida 5.U.S.Bankruptcy Court,District of New Jersey 6.U.S.Bankruptcy Court,Western(Pittsburgh)Division of Pennsylvania 7.Florida Circuit Courts:Broward,Dade,Palm Beach,Lee,Collier,Martin,and Okeechobee Counties 8.Appraiser on landmark eminent domain cases:TESSLER,NESS TRAILER PARK,PATEL,SIMPSON v. FILLICHIO,RUBANO,PALM BEACH COUNTY(FL)vs.COVE CLUB INVESTORS,LTD. C)EXPERIENCE Over thirty-five(35)years appraising and analyzing real property interests in South Florida Partial list: RESIDENCES, RESTAURANTS/BARS, APARTMENT BUILDINGS, OFFICE BUILDINGS HOTELS/MOTELS, CHURCHES, CONDOMINIUMS/COOPS, HOSPITALS &NURSING HOMES, VACANT LAND, GOLF COURSES, GOLF CLUBS, GASOLINE SERVICE STATIONS, MARINAS, TRAILER PARKS, SHOPPING CENTERS, BANKS/THRIFT INSTITUTIONS, BOWLING ALLEYS, P.U.D.'S, INDUSTRIAL BUILDINGS, TIME-SHARE DEVELOPMENTS, ROCK PITS, SCHOOLS, AGRICULTURAL PROPERTIES, WATER MANAGEMENT DISTRICT, MARKETABILITY, FEASIBILITY ANALYSES, INVESTMENT ANALYSES, AUTO SALES FACILITIES, LEASE VALUATIONS, TAX & ASSESSMENT APPEALS, CONDEMNATION, EXPERT WITNESS (Member National Forensic Center), BUSINESS ENTERPRISE VALUATIONS (BEV), (VFR) VALUATION FOR FINANCIAL REPORTING, AVIGATION & CLEARANCE EASEMENTS, ESTATES, DIVORCES, PLANNING/LAND USE STUDIES, HIGHEST & BEST USE ANALYSES, DEPRECIATION ANALYSES, COMPONENT APPRAISALS, ENVIRONMENTALLY SENSITIVE LAND, CONTAMINATED PROPERTIES, SUGARCANE & TURFGRASS LAND, DAY CARE CENTERS, SELF-STORAGE FACILITIES, FUNERAL HOMES, ANIMAL HOSPITALS, SUBMERGED LAND, CITY CENTERS,etc. 63 Page 2 of 5 D)PARTIAL LIST OF CLIENTS PRIVATE INDIVIDUALS AND CORPORATIONS, ATTORNEYS, ACCOUNTANTS, TRUST DEPARTMENTS, COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust; American National Bank; Landmark Bank; City National Bank; BankUnited; Gateway American Bank; State Farm Bank; Englewood Bank & Trust; SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES, TITLE INSURANCE COMPANIES; FLORIDA CITIES: FORT LAUDERDALE, PLANTATION, COOPER CITY, TAMARAC, LAUDERHILL, BOCA RATON, DEERFIELD BEACH, OAKLAND PARK, WILTON MANORS, HOLLYWOOD, WEST PALM BEACH, DELRAY BEACH, HALLANDALE, PEMBROKE PINES, COOPER CITY, TOWN OF DAVIE, TOWN OF SOUTHWEST RANCHES, MIRAMAR. FLORIDA COUNTIES: BROWARD, PALM BEACH,COLLIER, OKEECHOBEE;BROWARD COUNTY BOARD OF COUNTY COMMISSIONERS;OKEECHOBEE BOARD OF COUNTY COMMISSIONERS. SCHOOL BOARD OF BROWARD COUNTY, FLORIDA, BROWARD COUNTY HOUSING AUTHORITY,STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION(DOT); STATE OF FLORIDA DIVISION OF GENERAL SERVICES(GSA); N. BROWARD GENERAL HOSPITAL DISTRICT; STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION (Approved Vendor);U_S. TREASURY DEPARTMENT(General Counsel, I.R.S.);U.S.MARSHAL'S SERVICE—U.S.ATTORNEY'S OFFICE CENTRAL DIVISION—U.S.Dept.of Justice; VETERANS ADMINISTRATION E)EDUCATIONAL BACKGROUND-(Partial List) BACHELOR OF ARTS- Earlham College,Richmond,Indiana(1954) MBA(Nova University) - Real Estate Management&Development(National Dean's List 1991) Course 1 (AIREA) - Basic Principles of Appraising Course 2 (AIREA) - Urban Property Valuation(Income) Course 4 (AIREA) -Condemnation Appraising Course 6 (AIREA) - Income Capitalization&Analysis Course 101(SREA) - Introduction to Appraising Course 201(SREA) - Income Property Valuation,Theory Course 202(SREA) - Applied Income Property Valuation Course 301(SREA) - Applications/Appraisal Analysis Symposium (SREA) - Market Analysis,1978,Virginia Symposium (SREA) - Market Analysis,1979,Arizona Symposium (SREA) - Market Analysis,1980,South Carolina Symposium (SREA) - Market Analysis,1981,Tennessee Symposium (SREA) - Market Analysis,1982,New Mexico Symposium (SREA) - Market Analysis,1983,Pennsylvania Symposium (SREA) - Market Analysis,1984,Georgia Symposium (SREA) - Market Analysis,1985,Vancouver,B.C. Symposium (SREA) - Market Analysis,1986,New Jersey Clinic (SREA) -#201 Instructor,1987,U.of Illinois Clinic (SREA) -#201 Instructor,1988,Illinois Seminar (SREA) - Professional Practice,1988,Florida Symposium(SREA) - Market Analysis, 1988,California Symposium(SREA) - Market Analysis, 1989,Minnesota MBA Graduate School Courses: 1990—1991 Successfully completed the following graduate school courses: - "Regulation of Real Estate Development" - "Real Properties Management" - "Legal Issues In Real Estate" - "Market Analysis and Site Selection" - "Organizational Behavior and Management' - "Human Resource Management" - "Real Estate Economics" -"R.E.Finance:Instruments,Institutions&Investment Analysis" - "Urban Infrastructure&Environmental Analysis" - "Real Estate Accounting" - "Marketing Management for Real Estate" - "Commercial Real Estate Lending" - "Construction Technology and the Building Development Process" SEMINAR (AI) - Cost Approach(1992/Boston) SEMINAR (AI) - Rates&Ratios(1992/Boston) SEMINAR (AI) - International Appraising(1992/Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial(1993) SEMINAR (AI) - ADA ACT(1993/Reno) SEMINAR (AI) - Hotel Valuation(1993) SEMINAR (AI) - Income Capitalization,Methods(1993) SEMINAR (AI) - Powerlines/Electromagnetic Radiation(1994) SEMINAR (AI) - Verifying Market Data(1994) SEMINAR (AI) - Market Studies for Appraisals(1994) SEMINAR (AI) - Florida Appraiser Core Law(USPAP/1994) 64 Page 3 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994) SEMINAR (AI) - Public Safety&Property Values(1995) SEMINAR (AI) - Outparcel Valuation(1995) SEMINAR (AI) - Computer Technology Video Conference(1995) SEMINAR (AI) - The Internet&the Appraiser(1996) SEMINAR (AI) - Florida Commercial Construction(1996) SEMINAR (AI) - Real Property Rights in Florida(1996) COURSE (AI) - USPAP&Florida Real Estate Core Law(1996) SEMINAR (AI) - Valuation of Trees(199 7) 3-DAY COURSE - Environmental Permitting/Mitigation/Mitigation Banking/Contamination Risk Management- Liability/Wetlands/Hazardous Wastes/LenderLiability(1997/Marco Beach.FL) SEMINAR(AI) -Valuation of Transferable Development Rights[TDR's](1997) COURSE (AI) - Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) - Non-Conforming Uses(1998) SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998) COURSE (AI) - USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) - Econometrics/Statistical Valuation Methods(1999) COURSE (AI) - 14 Hour(2-day)Advanced Spreadsheet Modeling for Valuation Applications SEMINAR(AI) - Globalization of Real Estate/What U.S.Appraisers Need to Know(1999) SEMINAR(AI) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) - Technology Forum Part II/Intermediate(1999) SEMINAR(AI) - Client Satisfaction/Retention/Development(1999) SEMINAR(AI) - Attacking and Defending an Appraisal(1999) SEMINAR(AI) - Federal Appraisal Requirements("Yellow Book')(2000) SEMINAR(AI) - Regression Analysis in Appraisal Practice:Concepts&Applications(2000) SEMINAR(AI) -Analyzing Income Producing Properties(2000) SEMINAR(ATIF) - 1031 Tax Deferred Exchanges(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) - Mediation&Alternate Dispute Resolution Seminar(2001) SEMINAR(AI) - State of the Appraisal Profession(2001) 2-Day SEMINAR - Eminent Domain,by CLE International,Tampa,Florida(200 1) SEMINAR(AI) -Ad Valorem Assessment Process in Florida(2002) SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002) SEMINAR(AI) -Appraisers&the Gramm-Leach-Bliley Federal Privacy Act(2002) SEMINAR(AI) -How to Appraise the Ugly House(2002) COURSE(AI) -2-Day Course#430,Standards of Professional Practice,Part C(2002) SEMINAR(AI) -Market Trends for 2003(2003) SEMINAR(AI) -Update on Code of Professional Ethics(2003) PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003) SEMINAR(AI) -Florida State Law for Real Estate Appraisers(2003) SEMINAR(AI) -Appraisal Agreements(2003) SEMINAR(AI) -Analyzing Distressed Real Estate(2004) SEMINAR(AI) -Valuation for Financial Reporting Purposes(2004) SEMINAR(AI) -7 Hour National USPAP Update Course#1400(2004) SEMINAR(AI) -Inverse Condemnation(2004) SEMINAR(AI) -Appraiser Independence in the Loan Process(2004) SUMMIT (AI) -Moderator at 2-day Appraisal Summit in Washington,D.C.(12/2004) SEMINAR(AI) -Loss Prevention Program for Real Estate Appraisers(2005) SEMINAR(AI) -Valuation of Wetlands(7/2005) SEMINAR(AI) -Tri-County Residential Symposium(8/2005) SEMINAR(AI) -"Cool Tools"Internet Resources and Use for Valuation(2/2006) SEMINAR(AI) -FREAB 7-Hour National USPAP Update(5/2006) SEMINAR(AI) -FREAB 3-Hour Florida State Law for Real Estate Appraisers(5/2006) SEMINAR(AI) -USPAP Scope of Work&New Requirements(8/2006) SEMINAR(AI) -USPAP Reappraising,Readdressing&Reassigning Appraisal Reports(2/2007) SEMINAR(AI) -Al Summary Appraisal Report/Residential(4/07) COURSE(Fla..) -14-Hour Continuing Education(including 3-Hour Florida Core Law)(7/2007) SEMINAR(AI) -Real Estate Fraud:Appraisers Beware!(8/2007) SEMINAR(AI) - Florida Law for Real Estate Appraisers(11/2007) COURSE(AI) -Business Practices and Ethics—8 hours(12/2007) SEMINAR(AI) -Supervisor Trainee Roles and Rules(2/2008) SEMINAR(AI) -7 Hour National USPAP(4/2008) SEMINAR(AI) -USPAP Hypothetical Conditions&Extraordinary Assumptions(5/2008) SEMINAR(AI) -Litigation Skills for the Appraiser—7-Hour Seminar(9/2008) SEMINAR(AI) -Public Sector Appraising(2/2009) 65 Page 4 of 5 E)EDUCATIONAL BACKGROUND-(Partial List,continued) WEBINAR(AI) -Develop an Effective Marketing Plan(3/2009) SEMINAR(AI) -Inspecting the Residential"Green House"(4/2009) SEMINAR(AI) -Property Tax Assessment(5/2010) SEMINAR(AI) -Supervisor Trainee Roles and Rules(7/2010) SEMINAR(AI) -Florida Law for Real Estate Appraisers(7/2010) SEMINAR(AI) -7-Hour Introduction to Valuation for Financial Reporting—Chicago(5/2009) SEMINAR(AI) -Government Regulations&Their Effect on R.E.Appraising(8/2009) SEMINAR(AI) -R.E.Market:How We Got Here,Where We Are,Where We're Going(10/2009) SEMINAR(AI) -7 Hour National USPAP Update Course(10/1/2010) COURSE (AI) -7 Hour Introduction to Conservation Easement Valuation(12/10/2010) SEMINAR(AI) -The Real Estate Market(2/18/2011) COURSE (AI) - 16 Hours Uniform Appraisal Standards for Federal Land Acquisitions("Yellow Boob')(2/25-26/2011) WEBINAR(AI) -Real Estate Industry Perspectives on Lease Accounting(4/7/2011) COURSE (AI) - 15 Hour Appraisal Curriculum Overview(5/19-20/2011) WEBINAR(AI) -2-hour Investment Property Accounting Standards(6/8/2011) SEMINAR(AI) -3 Hour Spotlight on USPAP—Agreement for Services(7/15/2011) COURSE (AI) - 14 Hours(2-day)Advanced Excel Spreadsheet Modeling for Valuation Applications(9/22&9/23/2011) SEMINAR(AI) - Trial Components(11/4/11) SEMINAR(AI) - Lessons from the Old Economy Working in the New(1/20/2012) 7-Hour USPAP -National USPAP Update(3/9/2012) 3-Hour Fla..Law -State Law Update(3/9/2012) SEMINAR(AI) - Appraisal Review for General Appraisers(4/12/2012) SEMINAR(AI) - Land Valuation(4/20/2012) SEMINAR(AI) - The Valuation of Warehouses(6/22/2012) SEMINAR(AI) - Town Hall Meeting:2012 Appraisal Institute Forum(7/12/2012) SEMINAR(AI) - IRS Valuation(7/19/2012) SEMINAR(AI) - 7 Hour Business Practices and Ethics Course(12/7/2012) SEMINAR(AI) - Real Estate Forecast 2013(1/25/2013) COURSE(AI) - 7 Hour Advanced Marketability Studies(5/6/2013) SEMINAR(AI) - Developing a Supportable Workfile(11/15/2013) SEMINAR(AI) - Florida Appraisal Law Course(2/7/2014) SEMINAR(AI) - Liability Issues for Appraisers performing Litigation&Non-Lending Work(2/24/2014) COURSE(AI) - 7 Hour National USPAP Update Course(4/25/2014) SEMINAR(AI) - Economic Conditions(5/16/2014) SEMINAR(AI) - Fundamentals of Going Concerns(7/16/2014) SEMINAR(AI) - Litigation Assignments for Residential Appraisers(7/24/2014) SEMINAR(AI) - Economic Engines of Miami-Dade County,Florida(1/23/2015) SEMINAR(AI) - Economic Engines Driving Broward County,Florida(5/15/2015) 3-Hour Fla.Law - Florida Real Estate Broker 14-hour Continuing Education Course (incl.3 hour core law)with exam(9/2015) SEMINAR(AI) -Drone Technology&its Effect on Real Estate Valuations(11/2015) SEMINAR(AI) -Loss Prevention for Real Estate Appraisers(1/22/2016) COURSE(AI) -7-Hour National USPAP Update Course(4/22/2016) SEMINAR(AI) -3-Hour Florida Appraisal Law(4/22/2016) SEMINAR(AI) -4-Hour Appraisals in the Banking Environment(5/6/2016) SEMINAR(AI) -Appraising the Tough One:Mixed Use Properties(8/19/2016) SEMINAR(AI) -4-Hour Business Practices&Ethics(12/02/2016)5-Year Requirement WEBINAR(AI) -2-Hour Yellow Book Changes—Overview for Appraisers(1/11/2017) SEMINAR(AI) -3-Hours Economic Engines Driving Broward County in 2017(1/27/2017) COURSE(AI) -7-Hours:Introduction to Green Buildings Principles&Concepts(2/24/2017) COURSE(AI) -4 Hours:Another View of the Tough One:Sales Comparison Approach for Mixed-Use Properties(5/19/2017) SEMINAR(AI) -4 Hours:Appraising for Federal Office of Valuation Services&Yellow Book Review(8/18/2017) COURSE(BR) -14 Hours Real Estate Continuing Education,including 3-Hour Florida Real Estate Core Law(9/13/2017) COURSE(AI) - 4-Hours:2-4 Unit Small Residential Income Property Appraisals(11/3/2017) COURSE(AI) - 15 Hours"Yellow Book"Unifonn Appraisal Standards for Federal Land Acquisitions—Passed Exam(11/10/2017) SEMINAR(AI) - 3 Hours"Hot Topics and Myths in Appraiser Liability"(1/26/2018) COURSE(AI) - 7-Hour National USPAP Update Course(2/9/2018) SEMINAR(AI) - 3 Hours Florida Appraisal Law(2/9/2018) SEMINAR(AI) - 3 Hours"Parking Impact on Florida Properties"(5/4/2018) SEMINAR(AI) - 4 Hours"Technology Tips for Real Estate Appraisers"(9/21/2018) 66 Page 5 of 5 F)APPRAISAL TEACHING EXPERIENCE Licensed by the Florida Department of Education to Teach(Certificate No.275236). Authored and taught Residential and Commercial Real Estate Appraisal Courses for Broward County Adult Education Program. Taught Course 101 - Society of Real Estate Appraisers. Taught Course 201 - Society of Real Estate Appraisers. Taught Appraisal Seminars-Board of Realtors,ASA, SREA,and Al (Appraisal Institute). Adjunct Professor, University of Florida Division of Continuing Education: (taught Course 2, "Real Estate Principles and Practices" to prospective Florida Real Estate Brokers). G)PROFESSIONAL OFFICES HELD/AWARDS NATIONAL B.O.D.MEMBER - BOARD OF DIRECTORS of APPRAISAL INSTITUTE (2006-2008) AWARD - Appraisal Institute`NATIONAL PRESIDENTS AWARD"2008 AWARD - Appraisal Institute"LIFETIME ACHIEVEMENT AWARD"2011 For"high ethical standards,contributions to the Appraisal Institute,Community and Appraisal Profession for at least 20 years." CHAIR - REGION X -All of Florida -Appraisal Institute(2008) VICE-CHAIR - REGION X -All of Florida -Appraisal Institute(2007) THIRD DIRECTOR - REGION X -All of Florida -Appraisal Institute(2006) FINANCE OFFICER - REGION X—All of Florida—Appraisal Institute(2006) PRESIDENT - BROWARD COUNTY,SOCIETY OF REAL ESTATE APPRAISERS PRESIDENT - BROWARD COUNTY,AMERICAN SOCIETY OF APPRAISERS CHAIR - FLA.STATE GOVERNMENT RELATIONS SUBCOMMITTEE OF Al CHAIR - FLA.STATE LEGISLATION&REGULATION SUBCOMMITTEE OF Al G)PROFESSIONAL OFFICES HELD/AWARDS CHAIR - FLORIDA REALTORS COMMITTEE ON COMMITTEE REFORMS CHAIR - EDUCATION COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - CANDIDATES GUIDANCE COMMITTEE,FT.LAUDERDALE CHAPTER Al CHAIR - NATIONAL Valuation for Financial Reporting PROJECT TEAM OF Al VICE CHAIR&MEMBER - NATIONAL GOVERNMENT RELATIONS COMMITTEE OF Al(15 Years) MEMBER - NATIONAL LONG RANGE PLANNING COMMITTEE OF Al MEMBER - NATIONAL PUBLIC AFFAIRS COMMITTEE OF Al DIRECTOR - REGION X(Florida)Appraisal Institute MEMBER - REGION X(FLORIDA)ETHICS AND COUNSELING PANEL DIRECTOR - BROWARD COUNTY,FLORIDA SOCIETY OF REAL ESTATE APPRAISERS DIRECTOR - SOUTH FLORIDA CHAPTER AMERICAN SOCIETY OF APPRAISERS MEMBER - NATIONAL EXPERIENCE REVIEW PANEL MEMBER OF Al SPECIAL MASTER - BROWARD COUNTY BOARD OF TAX ADJUSTMENT COMMISSIONER - 17TH JUDICIAL CIRCUIT COURT,Broward County,FL MEMBER - 2013 APPRAISAL INSTITUTE NATIONAL BUSVAL PROJECT TEAM H)PROFESSIONAL PUBLICATIONS&PRESENTATIONS Wrote and taught a basic Residential Appraisal Course for the Broward County Adult Education Div.of the Dept.of Education; Wrote and taught an Income Appraisal Course for the Broward County Adult Education Division of the Department of Education; Co-authored and taught an appraisal course on Mortgage-Equity Capitalization for the American Society of Appraisers. Authored and taught a Florida State and Appraisal Institute 3-hour accredited course in"The Legislation,Regulation and Appraisal of Real Property Rights in Florida September 7,1996. Presentation on"Gramm-Leach-Bliley"Federal Privacy Act of 1999 for South Florida Chapter of American Society of Appraisers on October 24,2001. Presented 3-hour Florida CEU-credit seminar on"Appraisers and the Gramm-Leach-Bliley Act"before the South Florida Chapter of the Appraisal Institute on July 27,2002. Presenter at 6.5 Hour CLE-credit Attorney Seminar on Florida Eminent Domain,"Valuation and Damage Issues" February 2,2006, Fort Lauderdale,Florida P CIVIC INVOLVEMENT MEMBER OF ROTARY INTERNATIONAL/PAUL HARRIS FELLOW MEMBER OF THE GREATER FORT LAUDERDALE OPERA GUILD MEMBER FLORIDA PHILHARMONIC BROWARD TRUSTEES MEMBER OF THE BROWARD COUNTY LIBRARY SUPPORT GROUP("BYBLOS") MEMBER CIRCLE OF FRIENDS—NOVA SOUTHEASTERN LIBRARY FOUNDATION MEMBER NOVA SOUTHEASTERN UNIVERSITY ALUMNI ASSOCIATION MEMBER OF THE FORT LAUDERDALE HISTORICAL SOCIETY MEMBER OF THE BROWARD COUNTY MUSEUM OF THE ARTS MEMBER OF THE FORT LAUDERDALE/BROWARD COUNTY CHAMBER OF COMMERCE MEMBER OF THE BETTER BUSINESS BUREAU OF SOUTH FLORIDA LIFETIME HONORARY MEMBER FLORIDA SHERIFF'S ASSOCIATION MEMBER NATIONAL&FT.LAUDERDALE COUNCILS U.S.NAVY LEAGUE U.S.ARMY VETERAN WWII(RA 1721268 1)-HONORABLE DISCHARGE 1949 67 I of 5 Vance Beal Estate Service ir 01% Claudia Vance, MAI Appraiser - Real Estate Analyst Reviewer Vance Real Estate Service - 7481 NW 4 Street Plantation - FL - 33317 Office: 954.583.2116 Cell: 954.647.7148 Email: vanceval ,att.net Web Site:www.vancerealestateservice.com Vance Real Estate Service is a Veteran-Owned Small Business (VOSB) and Florida Certified SDVBE Minority Business Enterprise specializing in personalized real estate valuation services in Florida for over 35 years. Designated appraisers perform the appraisal work,no trainees. Our appraisals are used for financial/mortgage loan purposes from large mixed use complexes to small owner-occupied properties. We have the qualifications for appraisals submitted to SBA. Jesse B.Vance,Jr.,MAI, SRA,ASA and Claudia Vance,MAI are qualified as expert witnesses for eminent domain,deficiency judgments,marriage dissolution,and estates. Our firm values most types of real property interests,timely,professionally,and at competitive costs. PROFESSIONAL QUALIFICATIONS A)PROFESSIONAL DESIGNATIONS/LICENSES MAI Designation- APPRAISAL INSTITUTE No.9451 State-Certified General Real Estate Appraiser No.RZ-173 Florida State Licensed Real Estate Broker No.BK 0161305 VOSB Veteran-Owned Small Business(CCR/Duns 826494957) B)WORK HISTORY 1983-Current Vice President-Vance Real Estate Service 1981-1983 President-The Appraisal Company,Fort Lauderdale,Florida 1979-1981 Staff Appraiser -Real Property Analysts,Inc.,Fort Lauderdale,Florida 1976-1980 REALTOR-Associate-The Atwood Corporation,Fort Lauderdale,Florida 1973-1975 Teacher of Secondary Language Arts in the Jefferson Parish School in Louisiana C)QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION U.S.Bankruptcy Court,Southern District of Florida Florida Circuit Court:Broward County D)APPRAISER SPECIAL MAGISTRATE FOR THE BROWARD CO VALUE ADJUSTMENT BOARD 2002-2010 E)EXPERIENCE:35+years appraising and analyzing real property interests in South Florida Partial list of real property types valued: High value residences,Condominiums/Co-operatives,Office,Industrial,Multi-family,Restaurants/bars,Auto dealerships,City Centers, Hotels/motels, Houses of worship, Schools, Child care centers, Self-storage, Funeral home, Animal Hospital, Mixed use,Nursing homes, Gas sales stations,Marinas,Mobile home parks, Shopping centers, Country clubs/golf courses, Financial institutions,Bowling centers,Vacant land, Agricultural properties,Environmentally sensitive land Types of Reports: Market Value, Eminent Domain, Marketability, Feasibility, Highest and Best Use, Investment Analyses, Partial Interests, Easement Valuations,Estate planning,Marriage dissolution,Land use studies,Damage/Contamination studies 68 2 of 5 F)PARTIAL LIST OF CLIENTS— PRIVATE: Individuals,Corporations,Attorneys,Accountants,Habitat for Humanity,Seminole Tribe of Florida COMMERCIAL BANKS: Wells Fargo; BankAtlantic; SunTrust Citigroup; Space Coast Credit Union; State Farm Bank; Florida Shores Bank;American National Bank;Landmark Bank;City National Bank;Englewood Bank&Trust SAVINGS & LOANS, INSURANCE COMPANIES, REAL ESTATE INVESTMENT TRUSTS, & REAL ESTATE TRANSFER COMPANIES,TITLE INSURANCE COMPANIES FLORIDA CITIES: Fort Lauderdale, Plantation, Cooper City, Deerfield Beach, Tamarac, Oakland Park, Wilton Manors, Davie,Hollywood,Pembroke Pines,Hallandale Beach,Lauderhill, Southwest Ranches,Miramar,Boca Raton,Boynton Beach, West Palm Beach,Delray Beach FLORIDA COUNTIES and AGENCIES: Broward,Palm Beach,Broward County Board of County Commissioners,School Board of Broward County,Broward County Housing Authority STATE OF FLORIDA Department of Transportation(FDOT),Department of Environmental Protection U.S.Department of Veterans Affairs,U.S.Department of Treasury(IRS),U.S Marshall's Service,U.S.Attorney G)EDUCATIONAL BACKGROUND Academic: Bachelor of Arts Degree—University of New Orleans,New Orleans,LA—Major: English Professional: Course 1-A (AIREA)- Introduction to Appraising Real Property,1977,Passed Exam Course 1-B (AIREA)- Capitalization Theory and Techniques,1978,Passed Exam Course VIII(AIREA)- Residential Appraising,1978,Passed Exam Course SPP (AI) - Standards of Professional Practice,1992,Passed Exam Course 2-1 (AIREA)- Case Studies,1987,Passed Exam Course 2-2 (AIREA)- Report Writing,1987,Passed Exam Course R-2 (SREA) - Report Writing,1978,Passed Exam Course 202 (SREA) - Applied Income Property Valuation,1983,Passed Exam Course 301 (SREA) - Applications/Appraisal Analysis, 1984,No Exam Course SPP (SREA) - Standards of Professional Practice,1989,No Exam Symposium (SREA)- Market Analysis,1983,Philadelphia Symposium (SREA)- Market Analysis,1984,Atlanta Symposium (SREA)- Market Analysis,1985,Vancouver Symposium (SREA)- Market Analysis,1986,Atlantic City Symposium (SREA)- Market Analysis,1988,Los Angeles SEMINAR (AI) - Cost Approach(1992/Boston) SEMINAR (AI) - Rates&Ratios(1992/Boston) SEMINAR (AI) - International Appraising(1992/Boston) SEMINAR (AI) - Litigation Valuation/Mock Trial(1993) SEMINAR (AI) - ADA ACT(1993/Reno) SEMINAR (AI) - Hotel Valuation(1993) SEMINAR (AI) - Income Capitalization,Methods(1993) SEMINAR (AI) - Powerlines/Electromagnetic Radiation(1994) SEMINAR (AI) - Verifying Market Data(1994) SEMINAR (AI) - Market Studies for Appraisals(1994) SEMINAR (AI) - Florida Appraiser Core Law(USPAP/1994) SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994) SEMINAR (AI) - Public Safety&Property Values(1995) SEMINAR (AI) - Outparcel Valuation(1995) SEMINAR (AI) - Computer Technology Video Conference(1995) SEMINAR (AI) - The Interact&the Appraiser(1996) SEMINAR (AI) - Florida Commercial Construction(1996) SEMINAR (AI) - 1996 Data Exchange(1996) SEMINAR (AI) - Real Property Rights in Florida(1996) COURSE (AI) - USPAP&Florida Real Estate Core Law(1996) SEMINAR (AI) - Valuation of Trees(1997) 69 3 of 5 G)EDUCATIONAL BACKGROUND(Continued) SEMINAR(AI) - Valuation of Transferable Development Rights[TDR's] (1997) COURSE (AI) - Standards of Professional Practice,Part C,15 hour Course#430(1997) SEMINAR(AI) - Non-Conforming Uses(1998) SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998) COURSE (AI) - USPAP&Florida Real Estate Core Law(1998) SEMINAR(AI) - Econometrics/Statistical Valuation Methods(1999) SEMINAR(AI) - Globalization of Real Estate/RThat U.S.Appraisers Need to Know(1999) SEMINAR(AI) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999) SEMINAR(AI) - Technology Forum Part II/Intermediate(1999) SEMINAR(AI) - Client Satisfaction/Retention/Development(1999) SEMINAR(AI) - Attacking and Defending an Appraisal(1999) SEMINAR(AI) - Federal Appraisal Requirements(2000) SEMINAR(AI) - Regression Analysis in Appraisal Practice:Concepts&Applications(2000) SEMINAR(AI) -Analyzing Income Producing Properties(2000) COURSE (AI) -USPAP&Florida Real Estate Core Law(2000) SEMINAR(AI) - Mediation&Alternate Dispute Resolution Seminar(2001) SEMINAR(AI) - State of the Appraisal Profession(2001) SEMINAR(AI) -Ad Valorem Assessment Process in Florida(2002) SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002) SEMINAR(AI) -Appraisers&the Gramm-Leach-Bliley Federal Privacy Act(2002) SEMINAR(AI) -How to Appraise the Ugly House(2002) COURSE(AI) -2-Day Course#430,Standards of Professional Practice,Part C(2002) SEMINAR(AI) -Market Trends for 2003(2003) SEMINAR(AI) -Update on Code of Professional Ethics(2003) PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003) SEMINAR(AI) -Florida State Law for Real Estate Appraisers(2003) SEMINAR(AI) -Appraisal Agreements(2003) SEMINAR(AI) -Analyzing Distressed Real Estate(2004) SEMINAR(AI) - Valuation for Financial Reporting Purposes(2004) SEMINAR(AI) - National USPAP Course(2004) SEMINAR(AI) - Inverse Condemnation(2004) SEMINAR(AI) - Loss Prevention(2005) SEMINAR(AI) - Single Family Fraud Awareness(2005) SEMINAR(AI) - Guide to the new URAR form(2005) SEMINAR(AI) - Technologies for Real Estate Appraisers(2006) SEMINAR(AI) - The Appraiser's Role in New Urbanism(2006) SEMINAR(AI) - National USPAP Update(2006) SEMINAR(AI) - Florida State Law for Real Estate Appraisers(2006) SEMINAR(AI) - Scope of Work and the New USPAP Requirements(2006) SEMINAR(AI) - Energy Star and the Appraisal Process(2006) SEMINAR(AI) - Reappraising,Readdressing,and Reassigning Appraisals(2007) SEMINAR(AI) - Real Estate Fraud(2007) SEMINAR(AI) - Forecasting Revenue(2007) SEMINAR(AI) - Florida Law for Real Estate Appraisers(2007) COURSE(AI) -Business Practice and Ethics#420(2007) SEMINAR(AI) -Supervisor—Trainee Roles and Rules(2008) COURSE(AI) -7 Hour National USPAP Update#400(2008) SEMINAR(AI) -Hypothetical Conditions and Assumptions(2008) SEMINAR(AI) -Real Estate Economy(2008) SEMINAR(AI) -Public Sector Appraising(2009) SEMINAR(AI) -Inspecting the residential"green"house(2009) WEBINAR(AI) -Value for Financial Reporting(2009) SEMINAR(AI) -The Real Estate Market in 2009 SEMINAR(AI) -New Govemment Regulations(2009) SEMINAR(AI) -Property Tax Assessment (2010) SEMINAR(AI) -7 Hour National USPAP (2010) SEMINAR(AI) -Florida Law for Real Estate Appraisers(2010) SEMINAR(AI) -Supervisor/Trainee Roles and Rules(2010) SEMINAR(AI) -The Real Estate Market(2011) SEMINAR(AI) -Uniform Appraisal Standards for Federal Land Acquisitions-"Yellow Boob'(2011) COURSE(AI) -15 Hour Appraisal Curriculum Overview(2011) SEMINAR(AI) -Spotlight on USPAP—Agreement for Services(2011) SEMINAR(AI) -Trial Components(2011) 70 4of5 G)EDUCATIONAL BACKGROUND(Continued) SEMINAR(Al) -Lessons from the Old Economy Working in the New(2012) SEMINAR(Al) -Appraisal Review for General Appraisals(2012) COURSE(Al) -National USPAP Update(2012) SEMINAR(Al) -Florida Law(2012) SEMINAR(Al) -Land Valuation(2012) SEMINAR(Al) -Valuation of Warehouses(2012) SEMINAR(Al) -IRS Valuation(2012) SEMINAR(Al) -Business Practices and Ethics(2012) SEMINAR(Al) -Real Estate Forecast(2013) SEMINAR(Al) -Advanced Marketability Studies(2013) SEMINAR(Al) -Developing a Supportable Workfile(2013) SEMINAR(Al) -Florida Appraisal Law(2014) SEMINAR(Al) -Liability Issues for Appraisers performing Litigation&Non-Lending Work(2014) COURSE(Al) -7 Hour National USPAP Update Course(2014) SEMINAR(Al) -Florida Law(2014) SEMINAR(Al) -New Real Estate Economy(2014) SEMINAR(Al) -Economic Engines of Miami-Date County(2015) SEMINAR(Al) -Economic Engines of Broward County(2015) SEMINAR(Al) -Tightening the Appraisal(2015) SEMINAR(Al) -Evaluating Commercial Construction(2015) SEMINAR(Al) -Drone Technology(2015) SEMINAR(Al) -Loss Prevention for Appraisers(2016) COURSE(Al) -7 Hour National USPAP Update(2016) SEMINAR(Al) -Florida Law(2016) SEMINAR(Al) -Redefining the Appraisal&Its Role in an Evolving Banking Environment(2016) SEMINAR(Al) -The Tough One,Mixed use properties(2016) SEMINAR(Al) -Business Practices&Ethics(2016) SEMINAR(Al) -Economic Engines Driving Broward County(2017) SEMINAR(Al) -Introduction to Green Buildings&passed exam(2017) SEMINAR(Al) -Another View of the Tough Ones(2017) SEMINAR(Al) -Appraising for the Office of Valuation Services,Department of the Interior(2017) SEMINAR(Al) -Case Studies in Appraising Green Residential Buildings&passed exam(2017) SEMINAR(Al) -Uniform Appraisal Standards for Federal Land Acquisitions&passed exam(2017) SEMINAR(Al) -Hot Topics&Myths in Appraiser Liability(2018) COURSE(Al) -7 Hour National USPAP Update(2018) SEMINAR(Al) -Florida Law(2018) SEMINAR(Al) -Parking&Its Impact on Florida Properties(2018) SEMINAR(Al) -What's New in Residential Construction(2018) SEMINAR(Al) -Valuation Resources for Solar Photovoltaic Systems(2018) H)PROFESSIONAL INVOLVEMENT Region X Representative of the Appraisal Institute 2006—2009 President of the South Florida Chapter of the Appraisal Institute-2003 First Vice-President of the South Florida Chapter of the Appraisal Institute-2002 Second Vice-President of the South Florida Chapter of the Appraisal Institute-2001 Secretary of the South Florida Chapter of the Appraisal Institute-2000 Treasurer of the South Florida Chapter of the Appraisal Institute-1999 Chair of the Education Committee of the S.Florida Chapter of the Appraisal Institute-1995,1996,1997,1998,2007-2018 Chair of the University Relations Committee of the South Florida Chapter of the Appraisal Institute-2006 Director of the South Florida Chapter of the Appraisal Institute 1996- 1998 Member of Region X(Florida)Ethics and Counseling Panel—Al Graduate of the Florida REALTORS Institute(GRI) Director of the Florida Association of REALTORS (FAR)-1981 Committee Member of the Florida Association of REALTORS,Education Committee 1980&1981 Chairman of the Education Committee of the Fort Lauderdale REALTORS- 1981 and 1982; Member 1978,1979, 1980 Member of the Long Range Planning and Awards Committees of the Fort Lauderdale REALTORS Instructor for the Investment Division of the Fort Lauderdale REALTORS 71 5 of 5 D PROFESSIONAL PUBLICATIONS&PRESENTATION Prepared and taught Mastering Real Estate Mathematics at the Fort Lauderdale Area Board of REALTORS Prepared and taught A Guide to Researching Real Estate Information in Broward County and Working Through the Basic Approaches to Market Value, Fort Lauderdale Area Board of REALTORS .n CIVIC INVOLVEMENT Member of the Navy League of the United States—Fort Lauderdale Council Lifetime Honorary Member-Florida Sheriff s Association Member of Zeta Tau Alpha Alumnae Fraternity 72 Lewis Longman & Walker, PA ,R,i� P rp P L o g I r� #2419-048 1101 N Federal u h Boynton Beach, Florlda, 33435 ® Karen Ho & Wing Our File a 19-413181 a 08-43-45-21-32-008-001 m PAID m PAID Taxes m PAID Taxes Owed Prior m NO Tangible Taxes. PAID X, Special Fees Outstanding: Y $1 ,660.87* AssessmentsCode Issues. YES X Code Enforcement NOTICE:THERE MAYBE CODE ENFORCEMENT LIE s ON THIS F'Fo'CbPERTY PLEASE REFER TO YOUR TITLE SEARCH, Permitting Permit Status: Noy Found Building Code Violations: NO Services. r, Solidr & Storm X Public Works Water Amount Due- $57.89*m Utility NO Liens. Completed y: David Play Report Compiled : 2/20/19 Fees as of date received.Verify final amount with municipal department at time of payment.Errors and omissions coverage is based on the terms of your signed agreement with PropLogix.Without a signed agreement with PropLogix, any and all errors and omissions are not covered.This report is not a title search and does not providethe status or condition oftitle tothe subject property.PropLogix,LLC,does not search instruments recorded in official records. 9 6 6 6 9 m i i i ° i i i i Co m 0 0 0 ® 0 VRI P rp P L o g x Checks Payable To . Boynton Beach City Clerk Special Assessments It)1 of Boynton Beach 100 E Boynton Beach Boulevard PO BOX 31 Boynton Beach, Florida 33435-0310 Boynton Beach City Clerk Public Works City of Boynton Beach 100 E Boynton Beach Boulevard PO BOX 31 Form W=9 Request for Taxpayer Give For to the (Rev.August 2013) requester. Do not D Identification Number and Cercation '"I Treasury send to the IRS. Internal Revenue Service Name(as shown on your income tax return) Business name/disregarded entity name,if different from above CITY OF BOYNTON EACH Check appropriate box for federal tax classification: Exemptions(see instructions): 0 El Individuallsole proprietor ❑ C Corporation El S corporation ❑ Partnership El Trust/estate CL 0 Exempt payee code(if any) C Z�I I U E] Limited liability company.Enter the tax classification(C=C corporation,S=S corporation,P=partnership)10, Exemption from FATCA reporting o 2 code(if any) 9L Other(see instructions)Ik, va- Address(number,street,and apt.or suite no.) Requester's name and address(optional) 0 C 100E BOYNTON EACH BLVD L M 0 City,state,and ZIP code W U) BOYNTON EACH, FL 33435 List account number(s)here(optional) Enter your TIN in the appropriate box.The TIN provided must match the name given on the"Name"line social security number to avoid backup withholding.For individuals,this is your social security number(SSN).However,for a resident alien,sole proprietor,or disregarded entity,see the Part I instructions on page 3.For other entities,it is your employer identification number(EIN).If you do not have a number,see Now to get a FM -01 - TIN on page 3. Note.If the account is in more than one name,see the chart on page 4 for guidelines on whose Employer-!d.-Ufi..ti..number number to enter, JIM_ Certification Under penalties of perjury,I certify that: 1. The number shown on this form is my correct taxpayer identification number(or I am waiting for a number to be issued to me),and 2. 1 am not subject to backup withholding because:(a)I am exempt from backup withholding,or(b)I have not been notified by the Internal Revenue Service(IRS)that I am subject to backup withholding as a result of a failure to report all interest or dividends,or(c)the IRS has notified me that I am no longer subject to backup withholding,and 3. 1 am a U.S.citizen or other U.S.person(defined below),and 4.The FATCA code(s)entered on this form(if any)indicating that I am exempt from FATCA reporting is correct. Certification instructions.You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return.For real estate transactions,item 2 does not apply.For mortgage interest paid,acquisition or abandonment of secured property,cancellation of debt,contributions to an individual retirement arrangement(IRA),and generally,payments other than interest and dividends,you are not required to sign the certification,but you must provide your correct TIN.See the instructions on page 3. Sign Signature of Date Do- d1l 2-11 Here I U.S.person 0- .4�L General Instructions withholding tax on foreign partners'share of effectively connected income,and 4.Certify that FATCA code(s)entered on this form(if any)Indicating that you are Section references are to the Internal Revenue Code unless otherwise noted. exempt from the FATCA reporting,is correct. Future developments.The IRS has created a page on IRS.gov for information Note.If you are a U.S.person and a requester gives you a form other than Form about Form W-9,at www.irs.gov/w9.information about any future developments W-9 to request your TIN,you must use the requester's form if it is substantially affecting Form W-9(such as legislation enacted after we release it)will be posted similar to this Form W-9. on that page. Definition of a U.S.person.For federal tax purposes,you are considered a U.S. Purpose of or person if you are: A person who is required to file an information return with the IRS must obtain your -An individual who is a U.S.citizen or U.S.resident alien, correct taxpayer identification number(TIN)to report,for example,income paid to -A partnership,corporation,company,or association created or organized in the you,payments made to you in settlement of payment card and third party network United States or under the laws of the United States, transactions,real estate transactions,mortgage interest you paid,acquisition or -An estate(other than a foreign estate),or abandonment of secured property,cancellation of debt,or contributions you made to an IRA. -A domestic trust(as defined in Regulations section 301.7701-7). Use Form W-9 only if you are a U.S.person(including a resident alien),to Special rules for partnerships.Partnerships that conduct a trade or business in provide your correct TIN to the person requesting It(the requester)and,when the United States are generally required to pay a withholding tax under section applicable,to: 1446 on any foreign partners'share of effectively connected taxable income from such business.Further,in certain cases where a Form W-9 has not been received, 1.Certify that the TIN you are giving Is correct(or you are waiting for a number the rules under section 1446 require a partnership to presume that a partner is a to be issued), foreign person,and pay the section 1446 withholding tax.Therefore,if you are a 2.Certify that you are not subject to backup withholding,or U.S.person that is a partner in a partnership conducting a trade or business in the 3.Claim exemption from backup withholding if you are a U.S.exempt payee.If United States,provide Form W-9 to the partnership to establish your U.S.status applicable,you are also certifying that as a U.S.person,your allocable share of and avoid section 1446 withholding on your share of partnership income, any partnership income from a U.S.trade or business is not subject to the Cat.No.10231X Form W-9(Rev.8-2013) Palm Beach County Property ri - 355-3230 Property Detail Location Address 1 101 N FEDERAL HWY Municipality BOYNTON BEACH Parcel Control Number 08-43-45-21-32-008-0010 Subdivision LAKE ADD TO BOYNTON Official Records Book 30338 Page 940 Sale Date DEC-2018 Legal Description LAKE ADD TO BOYNTON LT 1 BLK A Owner Information Owners Mailing address HO KAREN 9174 CHIANTI CT HO WING & BOYNTON BEACH FL 33472 2459 Sales Information Sales Date Price OR Book/Page Sale Type Owner DEC-201 8 $10 30338/00940 QUIT CLAIM HO WING& AUG-2012 $40,000 25434/00464 WARRANTY DEED HO BENJAMIN L JUN-2012 $10 25295/01462 WARRANTY DEED HEARTWOOD 57 LLC MAR-2012 $60,100 2 505 3/01 300 CERT OF TITLE BANKATLANTIC AUG-2004 $10 17517/00088 QUIT CLAIM HITE PETER& APR-2004 $165,000 17039/00990 WARRANTY DEED HITE PETER MAR-2004 $10 17039/00989 QUIT CLAIM EXANTUS ROSE E MAR-2002 $10 13523/00248 QUIT CLAIM EXANTUS ROSE E DEC-1999 $110,000 11548/00669 WARRANTY DEED EXANTUS MATHIEU P MAR-1998 $30,000 10406/01428 QUIT CLAIM AARON BENJAMIN DEC-1983 $35,000 04133/01873 WARRANTY DEED Exemption Information No Exemption information available Property Information Number of Units 0 'Total Square Feet 2460 Acres 0.1 067 Use Code 1100-STORES Zoning C4- General Commercial (08-BOYNTON BEACH) Appraisals Tax Year 2018'; 2017 2016 Improvement Value $2,638 $2,677 $2,517' Land Value $92,283 $87,866 $83,682 Total Market Value $94,921 $90,543 $86,199' All values are as of January 1 st each year Assessed and Taxable Values Tax Year 2018 2017 2016 Assessed Value $94,921 $87,190 $79,264' Exemption Amount $0 $0 $0' Taxable Value $94,921 $87,190 $79,264' Taxes Tax Year 2018' 2017 2016 Ad Valorem $1,999 $1,884 $1,779', Non Ad Valorem $1,149 $1,161 $1,048' Total tax $3,148 $3,045 $2,827' Dorothy Jacks,CFA,AAS PALM BEACH COUNTY PROPERTY APPRAISER www.pbcgov.org/PAPA VRI P rp P L o g x Property Taxes Palm Beach County Collector (561 ) 355-2264 - No Taxes Due Anne M.Gannon ANNE A Constitutional Tax Collector CONSTITUTIONAL TAX COLLECTOR Serving Palm Beach County Serving Fahr Bead�CvvOy P.O.Box 3353 0 Serving you. West Palm Beach,FL 33402-3353 Account Detail Search Results = View Assessment Data MOM. Property Control Number Property Type Last Update 08-43-45-21-32-008-0010 Real Property Mailing Address: Property Address: HO BENJAMIN L 1101 N FEDERAL HWY 9174 CHIANTI CT BOYNTON BEACH FL 33435 BOYNTON BEACH , FL 33472-2459 Owner of Record Deed Number: HO BENJAMIN L 0 Legal Description LAKE ADD TO BOYNTON LT 1 BLK A ----------------------- Tax Bill Information To pay online, click the ADD TO CART button in the orange Shopping Cart (upper right side of screen). A = Indicates taxes are not payable online. 0 = Indicates contact our office for additional information. Real Estate and Tangible Personal Property Taxes not paid by April 1 are delinquent. Delinquent Real Estate Taxes are not payable online. Interest and associated costs for delinquent taxes are determined by the date payment is received to the Tax Collector. A minimum charge of 3% is collected. Interest accrues up to 1.5% per month (18% annually). Bill Type Original Tax Bill = Original tax bill amount due in March. Certificate = Unpaid certificate (AMOUNT DUE) indicates a tax lien exists. Within two tax years this property may be sold at auction to collect unpaid taxes. Click on bill year for more information. Agency Certificate = Indicates a certificate was assigned to Palm Beach County. Fre quentlyAsked Questions Bill Year Bill Type Bill Number Gross Tax Penalty/Fees Interest Discount Amount Due 2018 e, Original Tax 101353674 $3,148.05 $0 00 $0 00 $0 00 $0 00 Bill 2018 e, Certificate (05/31/2018) $0 00 $000 $0 00 $000 $0 00 2018:12680 2017 e, Original Tax 207030745 $3,045.61 $000 $0 00 $000 $0 00 Bill 2016 e, Original Tax 101354690 $2,827.29 $000 $0 00 $000 $0 00 Bill 2015 e, Original Tax 101344981 $2,669.66 $000 $0 00 $000 $0 00 Bill 2014 e, Original Tax 101355810 $2,701.77 $000 $0 00 $000 $0 00 Bill 2014 certificate__ (06/01/2014) t't).o t't). o t't). o t't). o tit). o 2014:14566 2013 Original Tax 101356705 $2,601.21 t't), o t't). o t't), o tit). o , Bill 2012 Original Tax 101357792 $2,600.10 t't), o t't). o t't), o tit). o Bill 2011 Original Tax 101357052 $4,644.75 t't:), o t't). o t't:), o tit). o Bill 2011 certificate (06/01/2011) t't).o t't), o t't). o t't), o tit). o 2011:16286 2010 Original Tax 101358043 $4,810.78 t't), o t't). o t't), o tit). o Bill 2010 certificate (06/01/2010) t't).o t't), o t't). o t't), o tit). o 2010:17196 2009 Original Tax 305997680 $6,400.35 t't), o t't). o t't), o tit). o Bill 2008 Original Tax 305985320 $7,036.45 t't), o t't). o t't), o tit). o Bill Anne M.Gannon ANNE M. GANNON Constitutional Tax Collector CONSTITUTIONAL TAX COLLECTOR Sewing Palm Beach County Se,ufng Pahn Bearh CvuOy P.O.Box 3353 0 Servingyou. West Palm Beach,FL 33402-3353 Checkout View Property Control Number Property Type Status 08-43-45-21-32-008-0010 Real Property Mailing Address: Property Address: HO BENJAMIN L 1101 N FEDERAL HWY 9174 CHIANTI CT BOYNTON BEACH FL 33435 BOYNTON BEACH , FL 33472-2459 Geo CD: Deed Number: 0 Legal Description LAKE ADD TO BOYNTON LT I BLK A Tax&Assessment Ad Valorem Gross Tax Credit Net Tax Savings -CITY OF BOYNTON BEACH $749.88 $749.88 $0.00 -COUNTY $464.92 $464.92 $0.00 -SO FLA WATER MANAGEMENT DIST. $27.87 $27.87 $0.00 -SCHOOL $623.82 $623.82 $0.00 -CHILDRENS SERVICES COUNCIL $60.78 $60.78 $0.00 -F.I.N.D. $3.04 $3.04 $0.00 -PBC HEALTHCARE DISTRICT $68.92 $68.92 $0.00 Sub Total $1,999.23 $1,999.23 $0.00 Non Ad Valorem Gross Tax Credit Net Tax Savings -SOLID WASTE AUTHORITY OF PBC $484.62 $484.62 $0.00 -BOYNTON BEACH FIRE RESCUE ASSESSMENT $664.20 $664.20 $0.00 Sub Total $1,148.82 $1,148.82 $0.00 Total Tax $3,148.05 $3,148.05 $0.00 Period Bill Number Due Date Bill Year Tax Discount Penalty/Fee Interest Total Due INST 1 101353674 2018 $0.00 $0.00 $0.00 $0.00 $0.00 Total Dul $0.00 $0.00 $0.00 $0.00 Tax Certificates Payments made between 5/31 -6/7 of any year indicates the purchase of a Tax Certificate for delinquent taxes. Tax Certificate purchase(s)ARE NOT a payment of taxes. "Paid By"information displays the name of the Tax Certificate purchaser. If a bill number begins with a year(i.e. 2017-001234),a Tax Certificate was sold for delinquent property mperty taxes.The amount due is shown above in the"Tax Installment"section under the Total Due column. **This Icon 41 indicates delinquent taxes and the tax bill cannot be paid on-line at this time. It may also indicate a recent TDA where additional fees are required. Contact our office at 561-355-2264 or email ClientAdvocate@,taxcollectorpbc.com for additional details. I ax Payment Bill Year Bill Number Receipt Number Amount Paid Last Paid Paid By 2018 101353674 $3,022.13 11/30/2018 Anne M.Gannon ANNE M. GANNON Constitutional Tax Collector CONSTITUTIONAL TAX COLLECTOR Sewing Palm Beach County Se,ufng Pahn Bearh CvuOy P.O.Box 3353 0 Servingyou. West Palm Beach,FL 33402-3353 Checkout View Property Control Number Property Type Status 08-43-45-21-32-008-0010 Real Property Mailing Address: Property Address: HO BENJAMIN L 1101 N FEDERAL HWY 9174 CHIANTI CT BOYNTON BEACH FL 33435 BOYNTON BEACH , FL 33472-2459 Geo CD: Deed Number: 0 Legal Description LAKE ADD TO BOYNTON LT I BLK A Tax&Assessment Ad Valorem Gross Tax Credit Net Tax Savings -CITY OF BOYNTON BEACH $688.80 $688.80 $0.00 -COUNTY $427.43 $427.43 $0.00 -SO FLA WATER MANAGEMENT DIST. $27.04 $27.04 $0.00 -SCHOOL $612.89 $612.89 $0.00 -CHILDRENS SERVICES COUNCIL $57.46 $57.46 $0.00 -F.I.N.D. $2.79 $2.79 $0.00 -PBC HEALTHCARE DISTRICT $68.08 $68.08 $0.00 Sub Total $1,884.49 $1,884.49 $0.00 Non Ad Valorem Gross Tax Credit Net Tax Savings -SOLID WASTE AUTHORITY OF PBC $496.92 $496.92 $0.00 -BOYNTON BEACH FIRE RESCUE ASSESSMENT $664.20 $664.20 $0.00 Sub Total $1,161.12 $1,161.12 $0.00 Total Tax $3,045.61 $3,045.61 $0.00 Period Bill Number Due Date Bill Year Tax Discount Penalty/Fee Interest Total Due INST 1 207030745 2017 $0.00 $0.00 $0.00 $0.00 $0.00 INST 2 207030745 2017 $0.00 $0.00 $0.00 $0.00 $0.00 INST 3 207030745 2017 $0.00 $0.00 $0.00 $0.00 $0.00 INST 4 207030745 2017 $0.00 $0.00 $0.00 $0.00 $0.00 Total Dul $0.00 $0.00 $0.00 $0.00 Tax Certificates Payments made between 5/31 -6/7 of any year indicates the purchase of a Tax Certificate for delinquent taxes. Tax Certificate purchase(s)ARE NOT a payment of taxes. "Paid By"information displays the name of the Tax Certificate purchaser. If a bill number begins with a year(i.e. 2017-001234),a Tax Certificate was sold for delinquent property taxes.The amount due is shown above in the"Tax Installment"section under the Total Due column. **This Icon A indicates delinquent taxes and the tax bill cannot be paid on-line at this time. It may also indicate a recent TDA where additional fees are required. Contact our office at 561-355-2264 or email ClientAdvocateLataxcollectorpbc.com for additional details. Bill Year Bill Number Receipt Number Amount Paid Last Paid Paid By 2017 207030745 $6.25 10/25/2018 2017 207030745 $2,537.39 5/31/2018 2017 207030745 $664.44 6/30/2017 Anne M.Gannon ANNE M. GANNON Constitutional Tax Collector CONSTITUTIONAL TAX COLLECTOR Sewing Palm Beach County Se,ufng Pahn Bearh CvuOy P.O.Box 3353 0 Servingyou. West Palm Beach,FL 33402-3353 Checkout View Property Control Number Property Type Status 08-43-45-21-32-008-0010 Real Property Mailing Address: Property Address: HO BENJAMIN L 1101 N FEDERAL HWY 9174 CHIANTI CT BOYNTON BEACH FL 33435 BOYNTON BEACH , FL 33472-2459 Geo CD: Deed Number: 0 Legal Description LAKE ADD TO BOYNTON LT I BLK A Tax&Assessment Ad Valorem Gross Tax Credit Net Tax Savings -CITY OF BOYNTON BEACH $626.19 $626.19 $0.00 -COUNTY $389.52 $389.52 $0.00 -SO FLA WATER MANAGEMENT DIST. $26.21 $26.21 $0.00 -SCHOOL $609.43 $609.43 $0.00 -CHILDRENS SERVICES COUNCIL $54.16 $54.16 $0.00 -F.I.N.D. $2.54 $2.54 $0.00 -PBC HEALTHCARE DISTRICT $71.28 $71.28 $0.00 Sub Total $1,779.33 $1,779.33 $0.00 Non Ad Valorem Gross Tax Credit Net Tax Savings -SOLID WASTE AUTHORITY OF PBC $482.16 $482.16 $0.00 -BOYNTON BEACH FIRE RESCUE ASSESSMENT $565.80 $565.80 $0.00 Sub Total $1,047.96 $1,047.96 $0.00 Total Tax $2,827.29 $2,827.29 $0.00 Period Bill Number Due Date Bill Year Tax Discount Penalty/Fee Interest Total Due INST 1 101354690 2016 $0.00 $0.00 $0.00 $0.00 $0.00 Total Dul $0.00 $0.00 $0.00 $0.00 Tax Certificates Payments made between 5/31 -6/7 of any year indicates the purchase of a Tax Certificate for delinquent taxes. Tax Certificate purchase(s)ARE NOT a payment of taxes. "Paid By"information displays the name of the Tax Certificate purchaser. If a bill number begins with a year(i.e. 2017-001234),a Tax Certificate was sold for delinquent property mperty taxes.The amount due is shown above in the"Tax Installment"section under the Total Due column. **This Icon 41 indicates delinquent taxes and the tax bill cannot be paid on-line at this time. It may also indicate a recent TDA where additional fees are required. Contact our office at 561-355-2264 or email ClientAdvocate@,taxcollectorpbc.com for additional details. I ax Payment Bill Year Bill Number Receipt Number Amount Paid Last Paid Paid By 2016 101354690 $2,742.48 12/30/2016 VRI P rp p L o g x Tang 'Ible Taxes Palm Beach County Tax Collector — 561 -355-2264 No taxes due Anne M.Gannon ANNE A Constitutional Tax Collector CONSTITUTIONAL TAX COLLECTOR Serving Palm Beach County Serving Fahr Bead�CvvOy P.O.Box 3353 0 Serving you. West Palm Beach,FL 33402-3353 Fto�llectiohtart "1 00 'Checkout Vi w Account Number Property Type Last Update 172972 Personal Property Mailing Address: Property Address: MIRACLE OUTREACH MINISTRY INTERNATIONAL 1101 N FEDERAL HWY 1101 N FEDERAL HWY BOYNTON BEACH FL 33435 BOYNTON BEACH , FL 33435-3228 Owner of Record Deed Number: MIRACLE OUTREACH MINISTRY INTERNATIONAL 0 Tax Authority 0898-CITY OF BOYNTON BEACH Bill Year Gross Tax Amount Paid Discount Penalty/Fees Interest Due Date Amount Due 2013 a $C00 $000 $000 $000 $000 3/31/2014 $000 2012 a $000 $000 $000 $000 $000 4/1/2013 $000 2011 o $000 $000 $000 $000 $000 4/2/2012 $000 2010 o $000 $000 $000 $000 $000 3/31/2011 $000 2009 o $000 $000 $000 $000 $000 3/31/2010 $000 2008 o $000 $000 $000 $000 $000 3/31/2009 $000 1 Total Anne M.Gannon ANNE A Constitutional Tax Collector CONSTITUTIONAL TAX COLLECTOR Serving Palm Beach County Serving Fahr Bead�CvvOy P.O.Box 3353 0 Serving you. West Palm Beach,FL 33402-3353 ...................................... Checkout ::View Account Number Property Type Last Update 141179 Personal Property Mailing Address: Property Address: OUTREACH INTERNATIONAL INC 1101 N FEDERAL HWY 1101 N FEDERAL HWY FL BOYNTON BEACH , FL 33435-3228 Owner of Record Deed Number: OUTREACH INTERNATIONAL INC CONV000006788430 Tax Authority 0898-CITY OF BOYNTON BEACH ---------------------------- ------------------ No Installment Records Found Palm Beach County Special Assessments (561 ) 355-3457 71 I ISI®,aS HOME FINANCE SPECIAL ASSESSMENT MAIN PAGE NEL!SEARCH 1 LAST SEARCH ( F.AQ i Contact. Finance Special Assessment Search Owner None: as _I N'. e Situs Address: 110' PFJ FEDER ._ Account 1D: PCN: Account Status: All Acc:-u?[s ----.-. NEW Acco urrt lD PCN; Prn,ert Name O wnpr. Situ,Address S4:,auiq Request Type• No records found fcrthe criteria you have entered.Try broadening your criteria and searching again. f rt�ll6rtt"s) r ,ri�rh��urbtil'r � �yb,1�� r, r r�1trt�,. n HOME 1 FINANCE SPECIAL ASSESSMENT MAIN PAGE NEL!SEARCH 1 LAST SEARCH ( F.AQ I Contact. Finance p ci l Assessment Search Owner Name: %,-l_? , , f x ", _ E,,,& 1e D , li.,, a Situs Address: Account lo: PCNs: I iA43A5213211,rDO1n Account STatus, All ccou?[s Account-D r,-.N,, PeniAcf NanTe Owner- Smits Address Status Request TV Pe No records found for the criteria you have entered.'Pier broadening your criteria and searching again. VRI P rp P L o g x C 'Ity L 'ien Search Boynton Beach City Clerk - (561 ) 742-6000 There r enforcement i l ion(s) on this property. AdditionaHy, we have been notifiedenforcement Hens on this property. There areit assessment fees due. Rease contact BoyntonCity CIerk for more information. *This report provides unrecordedii I debt search res0s. Any recorded of r Hens contained herein r provided for informationaI purposes oNy and may not be reHed upon in Heu of a tifle search. City of Boynton Beach Interest In Real Property _ This document serves as constructive notice of the City of Boynton Beach's interest in the real property identified below. PCN 08434521320080010 Property Address 1101 N FEDERAL HWY Search performed by Proplogix of Proplogix on Wed Feb 20 12:57:16 PST 2019 Tracking Number: 1581418 Item 1 of 5 Code Enforcement Case Number 16-00001531 Date Opened 09/22/2016 Case Type ALL-ACTIVE LOT LIEN Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. Item 2 of 5 Code Enforcement Case Number 16-00000506 Date Opened 03/03/2016 Case Type LIEN -LIEN Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. Item 3 of 5 Code Enforcement Case Number 15-00002595 Date Opened 11/17/2015 Case Type ALL-ACTIVE LOT LIEN Case Status AC-ACTIVE For compliance please contact the Code Compliance Department at the City of Boynton Beach via messaging. This report prepared and delivered via Conduits TM,a service from Net Assets Corporation / To use Messaging regarding this report,go to http://conduits.nassets.net/messaging.html ` 1 Page 2 of 2 City of Boynton Beach Interest In Real Property Item 4 of 5 Mowing and Maintenance Resolution Number R17-082 Lien Number ' 16-1531 Original Invoice $918.09 Resolution Adopted ' 09/07/2017 Amount Due on 02/25/2019 $1,025.95 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. Item 5 of 5 Mowing and Maintenance Resolution Number R16-096 Lien Number ' 15-2595 Original Invoice $528.09 Resolution Adopted ' 08/16/2016 Amount Due on 02/25/2019 $634.92 For compliance please contact the City Clerk at the City of Boynton Beach via messaging. UTILITY 1 of 1 Utilities Customer Number 214543 Current Amount $57.89 Customer Status ACTIVE Conduit reports may not reflect outstanding balances owed to the City due to write-offs or other internal account adjustments. Please note,written off balances or other debt incurred by a property owner must be paid prior to the initiation of new utility service at a property. In order to obtain accurate account information, please contact the Utilities Department at the City of Boynton Beach via messaging. No outstanding Building Permits were found. LL: $115 I his statement is turnis,hed at the request of flh applicant for informational purposes only, ct=="'its the City of Boynton Beach, its officers or employees assume no responsibility or liability whatsoever for t1he aut1henticit`y`or correctness of the matters set forth herein This report prepared and delivered via Conduits TM,a service from Net Assets Corporation To use Messaging regarding this report,go to http://conduits.nassets.net/messaging.html 41 C O N D U I T S ME S S A G ING H IS TO RY P 0 R T THE ABILITY TO SEND NEW MESSAGES RELATED TO THIS CONDUITS REPORT WILL CLOSE ON 03/22/2019. Tracking Number 1581418 User's Reference#: General Message 19-413181 r U A ®_ ►® ;® ;® User. Proplogix Compose a message... Company: Proplogix Primary Property ID: 08434521320080010 V Property Address: 1101 N FEDERAL HWY , , Search;performed on: 02/20/2019 12:51 PM On behalf of the City of Boynton Beach Utility billing recognized owners. There PST is currently a balance of$57.89 Account Number: 214543-12085 Owner Name: Karen Yeh Ho Please make check payable to City of Boynton Beach Items Found: Utilities Department, 3301 Quantum Blvd Suite 101, Boynton Beach, FL 33426 s uty Duplicate search: false iveyj(Qv biY, us v'i_+ essay 20 1 ebr.a.y0il9 1 J.,., ,P Prepaid Search:'' true Please advise if there are any outstanding or written off balances owed for the property. � -, •-, ,f-lel,, Please email the results to DAVID.PLAY@PROPLOGIX.COM Utility PIOP�00,x VVednesday,20 Februa�y 2019 12,59,47 PM N - A_SE R H R P Ott, OE NIFD ON,02/2022019