2023-08-15T16:21:43-05:00 2022-09-30 042442519 EDELSTEIN & COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2021-10-01 042400219 ARCHITECTURAL HERITAGE FOUNDATION INC ARCH 6175237210 525 WESTERN AVE 8 BRIGHTON MA 02135 SEAN MCDONNELL PRESIDENT 6175237210 2023-08-15 1 SEAN MCDONNELL 999009999 EUGENE BORGONZI P01269879 6172276161 2023-08-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z SEAN MCDONNELL 525 WESTERN AVE 8 BRIGHTON MA 02135 6349368 0 X WWW.AHFBOSTON.COM X 1966 MA ARCHITECTURAL HERITAGE FOUNDATION, INC ("AHF") WAS ORGANIZED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS ON AUGUST 17, 1966 FOR THE PURPOSE OF PRESERVING BUILDINGS HAVING HISTORICALLY SIGNIFICANT OR NOTABLE BUILDING OR LANDSCAPE ARCHITECTURE, IN AN ECONOMICALLY VIABLE FASHION. 5 4 9 0 0 0 224493 725000 953677 509813 825690 998973 0 0 2003860 2233786 1100 13371 0 0 707509 922569 0 0 10830 1019728 1406569 1728337 2342509 275523 -108723 31460297 28241005 6475130 6721992 24985167 21519013 X AHF'S PRIMARY MISSION IS PRESERVING BUILDINGS OF HISTORICAL SIGNIFICANCE, CONSERVING AND PROTECTING NOTABLE BUILDINGS, LANDSCAPE ARCHITECTURE OR OTHER OPEN SPACES OF ENVIRONMENTAL OR HISTORICAL SIGNIFICANCE AND IDENTIFYING APPROPRIATE USES FOR SUCH PROPERTIES. IT'S MISSION IS TO PRESERVE AND REVITALIZE HISTORIC STRUCTURES AND SPACES, TRANSFORMING SUCH SITES TO INVIGORATE THE COMMUNITIES IN WHICH THEY RESIDE. IT SEEKS TO INSPIRE COMMUNITIES AND STRENGTHEN CULTURAL, ENVIRONMENTAL AND ECONOMIC VITALITY. 0 0 1027041 13371 252850 RESTORATION AND REDEVELOPMENT OF HISTORIC AND ARCHITECTURALLY SIGNIFICANT PROPERTIES THROUGHOUT MASSACHUSETTS, INCLUDING BUILDINGS IN BOSTON, WORCESTER, LAWRENCE AND OTHER CITIES. 951337 0 256963 PROVIDE HISTORIC MANAGEMENT SERVICES TO HISTORIC AND ARCHITECTURALLY SIGNIFICANT PROPERTIES INCLUDING MANAGE RENTAL OPERATIONS. 1978378 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 0 1 12 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 MA X SEAN MCDONNELL PRESIDENT 6175237210 525 WESTERN AVE STE 8 BRIGHTON MA 02135 SEAN MCDONNELL PRESIDENT/DIRECTOR 40.00 2.00 X X 284768 0 62703 LISA M CAMPOLI CHAIR/DIRECTOR 1.00 1.00 X X 0 0 0 SAMUEL L RICHARDSON CLERK/DIRECTOR 1.00 1.00 X X 0 0 0 LORYN SHEFFNER DIRECTOR 1.00 1.00 X 0 0 0 ANDREW BURNES DIRECTOR 1.00 1.00 X 0 0 0 MARIANA S WEBB TREASURER 1.00 0.50 X 0 0 0 KARA ANDERSON SENIOR PROJECT MANAGER 31.00 0.00 X 108533 0 46962 393301 0 109665 2 0 1 0 CLIFTONLARSONALLEN LLP PO BOX 829709 PHILADELPHIA PA 191829709 FINANCIAL, PROJECT & ACCOUNTING SERVICES 359670 1 475000 250000 725000 PROGRAM-RELATED RENT 532000 228230 228230 DEVELOPER FEE INOCME 900099 120000 120000 INTEREST ON PROGRAM-RELATED NOTES 900099 99748 99748 SERVICE FEE INCOME 900099 33102 33102 PROPERTY MGMT INCOME 900099 28733 28733 509813 875623 875623 4238932 4115582 123350 123350 123350 2233786 509813 0 998973 X 13371 13371 376454 338808 28234 9412 414505 389589 24916 13155 11839 987 329 62601 58838 3763 55854 52397 3265 192 3667 1065 2602 39000 39000 77181 18643 58538 571689 420543 151146 57299 57299 63909 56571 7137 201 381331 365208 15508 615 1274 1263 10 1 5567 5342 223 2 148358 148358 7677 6429 1200 48 37753 26894 10859 PAYROLL PROCESSING & 40 9960 4028 5902 30 DUES & SUBSCRIPTIONS 1904 1893 11 2342509 1978378 353301 10830 41 26 2007444 522217 4209 12746 5535000 5535000 71269 74881 55891 29488 19839 26403 16682671 12454633 7139824 9615099 31460297 28241005 173416 189630 263298 398210 6038416 6134152 6475130 6721992 X 24985167 21519013 24985167 21519013 31460297 28241005 -108723 -3357431 0 X X 0 1 X 1 0 X 0 0 30339 224493 725000 979832 419093 121735 357846 953677 509813 2362164 419093 121735 388185 1178170 1234813 3341996 0 0 0 3341996 273361 731482 514015 622628 875623 3017109 273361 731482 514015 622628 875623 3017109 692454 853217 902200 1800798 2110436 6359105 0.52550 0.92680 0.47450 0.07320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55891 29488 26403 26403 INVESTMENT IN HISTORIC SPEEDWAY LLC 2867203 C INVESTMENT IN WORCESTER MEMORIAL AUDITORIUM 1422743 C INVESTMENT IN RODMAN LANDMARK 395000 C INVESTMENT IN SPEEDWAY LAND LLC 2041246 C INVESTMENT IN HISTORIC SPEEDWAY MM LLC 2888907 C 9615099 DEPOSITS 105246 LINE OF CREDIT BORROWING 6028906 6134152 1 BOSTON PRESERVATION ALLIANCE INC PO BOX 256140 DORCHESTER MA 02125 042748390 501(C)(3) 8000 0 N/A N/A PROGRAM SUPPORT 1 0 PART I, LINE 2: THE ORGANIZATION CONFIRMS THE GRANTEES' EXEMPT STATUS AND OPERATION OF A QUALIFIED PROGRAM. IT ALSO RELIES ON THE IRS'S OVERSIGHT OF THE GRANTEES AS THEY HAVE AN EXEMPTION FROM THE IRS. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 SEAN MCDONNELL PRESIDENT/DIRECTOR 283994 0 0 0 774 0 16846 0 45857 0 347471 0 0 0 KARA ANDERSON SENIOR PROJECT MANAGER 108470 0 0 0 63 0 5419 0 41543 0 155495 0 0 0 PART I, LINE 1A GYM MEMBERSHIP FEES SEAN MCDONNELL FAMILY MEMBER OF CURRENT OFFICER, MARIANA WEBB 376453 COMPENSATION AND BENEFITS 0 FORM 990, PART VI, SECTION A, LINE 2 MARIANA WEBB AND SEAN MCDONNELL HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B COMPANY FINANCE PERSONNEL AND THE PRESIDENT WORK WITH THE TAX ACCOUNTANTS TO PREPARE A DRAFT OF THE FORM 990. ONCE SATISFIED WITH THE DRAFT RETURN, IT IS CIRCULATED TO THE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY CHECKLIST IS COMPLETED ANNUALLY BY ALL THE BOARD MEMBERS. IT IS REVIEWED BY MANAGEMENT AND STAFF AND FOLLOW-UP, IF ANY, IS ADDRESSED AS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS IN PLACE A BOARD-APPROVED POLICY GOVERNING EXECUTIVE COMPENSATION. THE PRESIDENT'S COMPENSATION IS REVIEWED PERIODICALLY BY A COMMITTEE OF INDEPENDENT BOARD MEMBERS AND THE PROCESS OF DETERMINING THE COMPENSATION INCLUDES SOME OR ALL OF THE FOLLOWING ACIVITY: ENGAGING IN OUTSIDE CONSULTANT TO ASSIST THE PERSONNEL COMMITTEE OF THE BOARD WITH REVIEW OF COMPENSATION, USE OF PUBLICALLY AVAILABLE DATA OF COMPARABLE ORGANIZATIONS AND COMPARABLE POSITIONS, REVIEWED OF PUBLISHED COMPENSATION STUDIES, AND REVIEW OF ANNUAL PERFORMANCE MEASURES. A WRITTEN REPORT IS REVIEWED WITH THE PRESIDENT AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G OTHER CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 390,543. MANAGEMENT AND GENERAL EXPENSES 149,896. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 540,439. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 30,000. MANAGEMENT AND GENERAL EXPENSES 1,250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,250. FORM 990, PART XII, LINE 2C OVERSIGHT OF AUDIT & SELECTION OF INDEPENDENT ACCOUNTANT THE BOARD APPROVES SELECTION OF THE INDEPENDENT ACCOUNTANT, AND ALONG WITH MANAGEMENT, ASSUMES RESPONSIBILITY FOR OVERSIGHT. FORM 990, PART VI, SECTION B, LINE 16B JOINT VENTURE POLICY MANAGEMENT AND BOARD OF THE ORGANIZATION HAVE A DRAFT POLICY WRITTEN AND CONTINUE TO DISCUSS ISSUES SURROUNDING JOINT VENTURE PARTICIPATION WITH A NON-PROFIT, WITH REFERENCE TO BEST-PRACTICE, WRITTEN POLICIES AND DISCUSSIONS WITH LEGAL COUNSEL. IT INTENDS TO COMPLETE FULL IMPLEMENTATION OF THE WRITTEN POLICY PERTAINING TO JOINT VENTURE ARRANGEMENTS. HOWEVER, IN THE INTERIM, WHERE HISTORIC REAL ESTATE DEVELOPMENT CONDUCTED BY THE ORGANIZATION RELIES ON TAX INCENTIVES PROVIDED BY THE IRC, AND WHERE LEVERAGE PROVIDED BY FOR-PROFIT PARTICIPATION IN SUCH REAL ESTATE RE-DEVELOPMENT IS CRITICAL TO SUCCESS OF THE ORGANIZATION'S MISSION-BASED ACTIVITY, IT IS CAREFULLY CONSIDERING DOCUMENTS AND AGREEMENTS OF EACH POTENTIAL JOINT VENTURE TO INDIVIDUALLY ADDRESS AHF'S NON-PROFIT CONCERNS AS WELL AS A SPECIFIC PROJECT'S NEEDS. 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