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, 2017 AND 2016

Stanley Brezenoff Interim Chair & Chief Executive Officer

Vito Mustaciuolo General Manager

Tricia Roberts Vice President for Finance

Daniel Frydberg Acting Controller

Government Finance Officers Association

Certificate of Achievement for Excellence in Financial

Reporting

Presented to

New York City Housing Authority

Text38:

New York

Text53:

For its Comprehensive Annual Financial Report

for the Fiscal Year Ended

December 31, 2016

Executive Director/CEO

New York City Housing Authority

New York, New York Comprehensive Annual Financial Report For the Years Ended December 31, 2017 and 2016

TABLE OF CONTENTS

INTRODUCTORY SECTION (UNAUDITED) Letter of Transmittal

Organization Chart List of Principal Officials

FINANCIAL SECTION

Report of Independent Auditors

Management's Discussion and Analysis (Unaudited)

Basic Financial Statements

Statements of Net Position Statements of Revenues, Expenses and Changes in Net Position Statements of Cash Flows Notes to the Financial Statements

Required Supplementary Information (Unaudited)

Schedule of Changes in the Authority's Total OPEB Liability and Related Ratios

Schedule of the Authority's Contributions to the New York City Employees' Retirement System (NYCERS)

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

Page No.

1 17 21

27 31

41 42 43 45

107 109 111

TABLE OF CONTENTS

(continued)

STATISTICAL SECTION (UNAUDITED)

Page No.

Financial Trends

Comparative Operating and Non-Operating Revenues and Expenses 121

Net Position by Category

123

Capital Assets by Category

125

Revenue Capacity

Revenue on a Gross Basis

129

Debt Capacity

Long Term Debt

133

Pledged Revenue Coverage

137

Historical Federal Operating Subsidy

141

Historical Federal Capital Fund Awards

143

Demographic and Economic Information

Resident Demographics ? Operating Programs

147

Resident Demographics ? Housing Choice Voucher Program

149

Demographic and Economic Statistics ? Ten Year Trend

151

NYCHA Demographic and Economic Statistics ? Ten Year Trend

153

City of New York ? Persons Receiving Public Assistance ? Ten

Year Trend

155

Nonagricultural Wage and Salary Employment ? Ten Year Trend

157

Employment Status of the Resident Population ? Ten Year Trend

159

Operating Information

Public Housing Assessment System (PHAS) ? Interim Rule

163

Summary of Public Housing Developments

165

Lease Commitments

167

Employee Head Counts

169

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