$890K in expenses

YMCA support org, a florida non-profit corporation has been formed as a support organization for young men's christian association of south florida, INC., a florida non-profit corporation ("YMCA SF"). YMCA SF is an organization exempt from tax under section 501(c)(3) of the internal revenue code of 1986, as amended (the "code"). YMCA SF's mission is to put judeo-christian principles into practice through programs that build healthy spirit, mind and body for all. YMCA support org is in the process of constructing the l.a. Lee YMCA/mizell community center located at 1409 sistrunk boulevard, fort lauderdale, FL 33311 (the "project"). YMCA support org obtained loans from community development entity lenders in a transaction that is expected to generate new markets tax credits under section 45d of the code ("NMTC"). The proceeds of the NMTC transaction loan will be used by YMCA SF support organization to complete the project. The project will be leased to YMCA SF to provide the programs and services described above.