2021-11-02T15:09:33-05:00 2020-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2020-01-01 237121174 JUST-A-START CORPORATION JUST 6174940444 1035 CAMBRIDGE STREET NO12 CAMBRIDGE MA 02141 CARL NAGY-KOECHLIN EXECUTIVE DIRECTOR 6174940444 2021-10-21 1 CARL NAGY-KOECHLIN XXX-XX-XXXX MATTHEW TROIANO CPA P01263939 5083669100 2021-10-21 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CARL NAGY-KOECHLIN 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 7096604 0 X WWWW.JUSTASTART.ORG X 1970 MA COMMUNITY DEVELOPMENT BY CREATING, RETAINING AND STABILIZING AFFORDABLE HOUSING AND ASSOCIATED PROGRAMS. 16 16 51 25 0 0 3311263 3499050 5152967 2175955 -9526 64911 422376 59611 8877080 5799527 38577 0 0 0 3570209 3636686 0 0 268340 3249656 3840474 6858442 7477160 2018638 -1677633 33041612 37085513 16746117 19730751 16295495 17354762 PROMOTING EQUITY BY CREATING ACCESS TO STABLE HOUSING AND BUILDING PATHWAYS TO ECONOMIC OPPORTUNITY. 0 0 2085833 EDUCATION & TRAINING - JUST-A-START OFFERS EDUCATION AND WORKFORCE TRAINING PROGRAMS INCLUDING YOUTHBUILD, THE BIOMEDICAL CAREERS PROGRAM, AND THE INFORMATION TECHNOLOGY (IT) CAREERS PROGRAM, TO YOUTH AND ADULTS FROM CAMBRIDGE AND NEARBY COMMUNITIES. THESE TUITION-FREE PROGRAMS HELP ENSURE THAT ALL PEOPLE, FROM TEENS EARNING A HIGH SCHOOL CREDENTIAL TO ADULT LEARNERS MAKING A CAREER CHANGE, HAVE THE SKILLS AND RESOURCES NECESSARY TO PURSUE EDUCATION, SUCCESSFULLY ENTER A COMPETITIVE JOB MARKET, AND DEVELOP UPWARD CAREER MOBILITY. 3290187 1667661 HOUSING DEVELOPMENT AND HOUSING SERVICES - JAS PROVIDES HOUSING RESOURCES AND SERVICES TO ITS 1,500 RESIDENTS AND APPROXIMATELY 1,000 COMMUNITY MEMBERS EACH YEAR. TO AVOID EVICTIONS, PREVENT HOMELESSNESS, AND STABILIZE HOUSING, JAS PROVIDES AT-RISK INDIVIDUALS IN CAMBRIDGE AND SURROUNDING COMMUNITIES WITH MEDIATION, EMERGENCY RENTAL ASSISTANCE, LEGAL EDUCATION, AND RAPID REHOUSING SERVICES. JAS'S HOME IMPROVEMENT PROGRAM HELPS INCOME-QUALIFIED HOMEOWNERS AND LANDLORDS TO UNDERTAKE AND FINANCE ESSENTIAL HOME IMPROVEMENT PROJECTS. JAS ALSO OFFERS FINANCIAL EDUCATION TO RESIDENTS, STUDENTS, AND COMMUNITY MEMBERS THROUGH WORKSHOPS, ONE-ON-ONE FINANCIAL COACHING, AND FREE TAX PREPARATION. 639271 567905 ASSET MANAGEMENT - JAS OWNS 621 AFFORDABLE APARTMENTS THROUGHOUT CAMBRIDGE AND SOMERVILLE THAT ALLOW LOW- TO MODERATE-INCOME RESIDENTS TO LIVE IN THE CITY AT RENTS THAT ARE WITHIN THEIR MEANS. TO MAKE FIRST-TIME HOMEOWNERSHIP A REALITY FOR LOW- TO MODERATE-INCOME HOUSEHOLDS, JAS ALSO MANAGES THE PRESERVATION, REHAB, AND RESALE OF AFFORDABLE HOUSING-RESTRICTED UNITS TO ENSURE FUTURE ACCESS TO AFFORDABLE CONDOS IN THE CITY. 6015291 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 44 0 1 51 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X CARL NAGY-KOECHLIN 6174940444 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 ZOE WEINROBE VICE PRESIDENT 5.00 X X 0 0 0 PETER MUNKENBECK CHAIR 4.00 1.00 X X 0 0 0 MICHAEL KUHN TREASURER 4.00 1.00 X X 0 0 0 LISA DRAPKIN CLERK 4.00 1.00 X X 0 0 0 SHAWN FITZPATRICK DIRECTOR 5.00 X 0 0 0 JOEL MIRANDA DIRECTOR 5.00 X 0 0 0 SUSAN STOCKARD DIRECTOR 5.00 X 0 0 0 JESSE KANSON-BENANAV DIRECTOR 5.00 X 0 0 0 BARBARA AIKEN DIRECTOR 5.00 X 0 0 0 TARA DENDY DIRECTOR 5.00 X 0 0 0 PAUL PARRAVANO DIRECTOR 5.00 X 0 0 0 SAMUEL GEBRU DIRECTOR 5.00 X 0 0 0 RICHARD HARDING DIRECTOR 5.00 X 0 0 0 JEFF MYERS DIRECTOR 5.00 X 0 0 0 TIA VICE DIRECTOR 5.00 X 0 0 0 JUNARDY JEAN-CHARLES DIRECTOR 5.00 X 0 0 0 GUSTAVO GALLEGO DIRECTOR (UNTIL 1/20/2020) 5.00 X 0 0 0 CINDY SILVA CONTROLLER 37.50 X 86839 0 16416 CARL NAGY-KOECHLIN EXECUTIVE DIRECTOR 37.50 X 172815 0 25554 CRAIG NICHOLSON DIRECTOR OF RE ACQUISITIONS 37.50 X 121563 0 23151 NOAH SAWYER DIRECTOR OF REAL ESTATE 37.50 X 136978 0 7541 GERRY ZIPSER DIRECTOR OF HOUSING 37.50 X 105980 0 4760 624175 0 77422 4 0 1 0 CLIFTON LARSON ALLEN LLP 131 HARTWELL AVE LEXINGTON MA 02421 FINANCIAL CONSULTANTS 120343 COMPASS CONTRACTING LLC 35 SPAULDING ST EVERETT MA 02149 CONSTRUCTION CONSULTANT 107184 2 678788 2820262 3499050 DEVELOPMENT FEES 561700 1041593 1041593 RENTAL INCOME 531110 567905 567905 MANAGEMENT AND OTHER FEES 561700 566457 566457 2175955 101761 101761 1260227 1297077 -36850 -36850 -36850 MISCELLANEOUS REVENUE 900099 59611 59611 59611 5799527 2235566 0 64911 300463 98803 201660 2684412 2192044 316538 175830 72396 56882 11362 4152 319549 251124 50233 18192 259866 209772 33803 16291 26680 26680 8460 3595 4865 160751 43513 117238 31827 31827 657424 434968 187016 35440 220807 134011 75063 11733 126388 90330 30424 5634 517935 457526 60359 50 30849 29378 1471 326710 284271 42439 PROVISION FOR AFFILIATE 918600 918600 CLIENT EXPENSE 660938 660611 286 41 MICELLANEOUS 84776 54854 28945 977 LOSS ON INVESTMENT IN A 48754 48754 19575 19575 7477160 6015291 1193529 268340 402645 712839 8377457 6301839 1238409 1216469 137282 165461 8962127 5214577 4074260 3747550 4371517 4744055 3304424 3471211 11135618 16726089 33041612 37085513 2968258 939955 7860482 10564769 114117 5917377 8111910 16746117 19730751 X 15670849 16645242 624646 709520 16295495 17354762 33041612 37085513 X -1677633 351580 2385320 X X 0 1 X 1 1 1 X 3023889 3440595 3876557 3311263 3499050 17151354 3023889 3440595 3876557 3311263 3499050 17151354 374163 16777191 221829 225478 81267 137028 101761 767363 17918717 18979575 0.93630 0.89600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 707420 707420 7885029 5046154 2838875 342428 141173 201255 27250 27250 0 3747550 NOTES RECEIVABLE 3471211 F 3471211 PROJECTS UNDER DEVELOPMENT 8423302 RESTRICTED DEPOSITS - HOME IMPROVEMENT PROGRAM FUNDS 966864 RESTRICTED DEPOSITS - REPLACEMENT RESERVES 811874 DUE FROM AFFILIATES 4486540 RESTRICTED DEPOSITS - CONSTRUCTION ESCROW 2030223 RESTRICTED DEPOSITS - REAL ESTATE TAX ESCROW 7286 16726089 CONTRACTUAL ADVANCES 3577187 DUE TO AFFILIATES 2030223 LINES OF CREDIT 2504500 8111910 X PART X, LINE 2: JAS AND AFFILIATES ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. JAS AND AFFILIATES HAVE DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2020. HOWEVER, JAS AND AFFILIATES ARE GENERALLY SUBJECT TO AUDIT BY TAX AUTHORITIES FOR THE MOST RECENT THREE YEARS. X 0 0 0 0 0 0 0 0 0 CARL NAGY-KOECHLIN EXECUTIVE DIRECTOR 172815 0 0 0 0 0 5460 0 20094 0 198369 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR. PRIOR TO SUBMISSION, THE FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL BOARD MEMBERS ARE REQUIRED TO SUPPLY A SIGNED CONFLICT OF INTEREST STATEMENT. THE STATEMENTS ARE KEPT ON FILE AT THE OFFICES OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS UTILIZED THE SERVICES OF AN INDEPENDENT EXECUTIVE SEARCH FIRM WHO CONDUCTED AN ASSESSMENT OF COMPARABLE SALARIES FOR AGENCIES OF SIMILAR SIZE AND COMPLEXITY. THE COMPENSATION POLICY REQUIRES PERIODIC REVIEW OF ESTABLISHED SALARY RANGES FOR ALL POSITIONS. SALARIES ARE DETERMINED FROM A SET OF RANGES, WHICH ARE BASED ON DATA ACQUIRED BY THE INDEPENDENT SEARCH FIRM. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON A NUMBER OF GOVERNMENTAL AND PRIVATE WEBSITES AND AVAILABLE UPON WRITTEN REQUEST FROM THE ORGANIZATION. FORM 990, PART XI, LINE 9: DISTRIBUTIONS 915,560. GAIN ON SALE OF TAX CREDITS 1,469,760. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE AND BOARD OF DIRECTORS REVIEW AND APPROVE THE AUDIT. JAS AFFORDABLE HOUSING LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 454493202 REAL ESTATE DEVELOPMENT MA 15153 2466814 JUST-A-START CORPORATION JAS HOMEOWNERSHIP LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 465537350 CONDO PURCHASE AND RESALE MA 0 3056230 JUST-A-START CORPORATION JUST-A-START HOLDING LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 820781419 REAL ESTATE DEVELOPMENT MA 0 0 JUST-A-START CORPORATION 52 NEW STREET LAND LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 843498603 REAL ESTATE DEVELOPMENT MA 0 0 JUST-A-START CORPORATION NEXT STEP HOUSING CORPORATION 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 830382839 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 JUST-A-START CORPORATION 1 ELM PLACE JAS LIMITED PARTNERSHIP 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 272324792 AFFORDABLE HOUSING MA 0 0 CLOSE BUILDING ASSOCIATES LIMITED PARTNERSHIP 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 042590599 AFFORDABLE HOUSING MA JASCDC INC N/A 965236 10086572 0 0 0.98310 BISHOP ALLEN APARTMENTS LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 352457139 AFFORDABLE HOUSING MA 0 0 BISHOP ALLEN LAND LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 470967141 LAND HELD FOR LEASE MA 0 0 RINDGE TOWER APARTMENTS LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 473736323 AFFORDABLE HOUSING MA 0 0 JAS CONSOLIDATED PROPERTIES LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 611812245 AFFORDABLE HOUSING MA 0 0 RINDGE TOWER APARTMENTS JAS LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 474149436 MANAGING MEMBER ENTITY MA N/A N/A -149 18509583 0 1 0.79000 THE CLOSE BUILDING LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 384055837 REAL ESTATE DEVELOPMENT MA 0 0 SQUIRRELWOOD LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 301005499 REAL ESTATE DEVELOPMENT MA 0 0 ELM PLACEJAS INC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 272324640 GENERAL PARTNER ENTITY MA JUST-A-START CORPORATION C -468 31525 0.79000 1 JASCDC INC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 042943680 GENERAL PARTNER ENTITY MA JUST-A-START CORPORATION C 12239 154299 1.00000 1 BISHOP ALLEN JAS LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 461138830 MANAGING MEMBER ENTITY MA JUST-A-START CORPORATION C 16 1.00000 1 JAS CONSOLIDATED MM LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 814924728 MANAGING MEMBER ENTITY MA JUST-A-START CORPORATION C -155 30 1.00000 1 SQUIRRELWOOD JAS LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 822958243 MANAGING MEMBER ENTITY MA JUST-A-START CORPORATION C -2701 0.50000 0 THE CLOSE BUILDING MM LLC 1035 CAMBRIDGE STREET NO 12 CAMBRIDGE MA 02141 823788912 MANAGING MEMBER ENTITY MA JUST-A-START CORPORATION C -87 0.50000 0 1 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 SQUIRRELWOOD LLC L 983593 FMV SQUIRRELWOOD LLC L 58500 FMV JAS CONSOLIDATED LLC L 91008 FMV CLOSE BUILDING LLC L 55656 FMV RINDGE TOWER APARTMENTS LLC L 223560 FMV RINDGE TOWER APARTMENTS LLC F 915559 FMV