NEW YORK CITY HOUSING AUTHORITY

NEW YORK CITY HOUSING AUTHORITY

NEW YORK, NEW YORK

COMPREHENSIVE NNUAL FINANCIAL REPORT

FOR THE YEAR ENDED DECEMBER 31, 2003

COMPREHENSIVE ANNUAL FINANCIAL REPORT

FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014

Karen Caldwell Executive Vice President and Chief Financial Officer

Jeffrey A. Pagelson Controller

Daniel Frydberg Deputy Director, Accounting & Fiscal Services Department

Shola Olatoye Chair & Chief Executive Officer

Michael Kelly General Manager

Karen Caldwell Executive Vice President &

Chief Financial Officer

NEW YORK CITY HOUSING AUTHORITY

New York, New York Comprehensive Annual Financial Report For the Years Ended December 31, 2015 and 2014

TABLE OF CONTENTS

Page No.

INTRODUCTORY SECTION (UNAUDITED)

Letter of Transmittal

1

Organization Chart

15

List of Principal Officials

19

FINANCIAL SECTION

Report of Independent Auditors

25

Management's Discussion and Analysis (Unaudited)

31

Basic Financial Statements

Statements of Net Position

41

Statements of Revenues, Expenses and Changes in Net Position

42

Statements of Cash Flows

43

Notes to the Financial Statements

45

Required Supplementary Information (Unaudited)

Other Postemployment Benefits Plan - Schedule of Funding Progress

107

Schedule of the Authority's Contributions to the New York City Employees'

Retirement System (NYCERS)

109

Schedule of the Authority's Proportionate Share of the Net Pension Liability

of NYCERS

111

Supplementary Information ? HUD

Financial Data Schedules

118

TABLE OF CONTENTS

FINANCIAL SECTION (continued)

Page No.

Other Supplementary Information

Schedule of Net Position ? By Program

158

Schedule of Revenues, Expenses and Changes in Net Position ? By Program

170

STATISTICAL SECTION (UNAUDITED)

Financial Trends

Comparative Operating and Non-Operating Revenues and Expenses

185

Net Position by Category

187

Capital Assets by Category

189

Revenue Capacity

Revenue on a Gross Basis

193

Debt Capacity

Long Term Debt

197

Pledged Revenue Coverage

201

Historical Federal Operating Subsidy

205

Historical Federal Capital Fund Awards

207

Demographic and Economic Information

Resident Demographics ? Operating Programs

211

Resident Demographics ? Housing Choice Voucher Program

213

Demographic and Economic Statistics ? Ten Year Trend

215

NYCHA Demographic and Economic Statistics ? Ten Year Trend

217

City of New York ? Persons Receiving Public Assistance?Ten Year Trend

219

Nonagricultural Wage and Salary Employment ? Ten Year Trend

221

Employment Status of the Resident Population ? Ten Year Trend

223

Operating Information

Public Housing Assessment System (PHAS) ? Interim Rule

227

Summary of Public Housing Developments

229

Lease Commitments

231

Employee Head Counts

233

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