CAPE & ISLANDS COMMUNITY DEVELOPMENT INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: CAPE & ISLANDS COMMUNITY DEVELOPMENT INC (EIN 04-3286347)
Tax period: 2019-07-01 to 2020-06-30
Filed: 2020-10-26
IRS object ID: 202033009349301098
Schema version: 2019v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-10-26T13:03:08-05:00	ReturnTs
Tax Period End	2020-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	841894608	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SANDERS WALSH & EATON CPAS LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX F	AddressLine1Txt
City	OSTERVILLE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02655	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2019-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	043286347	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CAPE & ISLANDS COMMUNITY	BusinessNameLine1Txt
Business Name Line2	DEVELOPMENT INC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	CAPE	BusinessNameControlTxt
Phone	5087904980	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5 PATTI PAGE WAY	AddressLine1Txt
City	CENTERVILLE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02632	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JEANNINE MARSHALL	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	5087902921	PhoneNum
Signature	2020-09-18	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JOSEPH F MCGEE CPA	PreparerPersonNm
PTIN	P01584870	PTIN
Phone	5084280790	PhoneNum
Preparation	2020-09-28	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	52.38.98.93	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2020-10-26	IPDt
IP Tm	13:03:08	IPTm
IP Timezone	CD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	5D0280A0F7BC3FECD0BDDAC7B68987F93B77BE44	AtSubmissionCreationDeviceId
At Submission Filing Device Id	20DFD0991C4482DB3B0CE0D94918500EDAC0C48D	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JEANNINE MARSHALL	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5 PATTI PAGE WAY	AddressLine1Txt
City	CENTERVILLE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02632	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$995,783	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.COASTALCOMMUNITYCAPITAL.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1995	FormationYr
Legal Domicile State	MA	LegalDomicileStateCd
Activity Or Mission	TO PROVIDE LOANS AND TECHNICAL ASSISTANCE TO SMALL BUSINESS OWNERS IN MASSACHUSETTS UTILIZING FEDERAL FUNDS FROM USDA INTERMEDIARY RELENDING PROGRAM (IRP), USDA RURAL MICROENTRREPRENEUR (RMAP) AND U.S TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND (CDFI)	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	6	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
PY Contributions Grants	$156,712	PYContributionsGrantsAmt
CY Contributions Grants	$256,961	CYContributionsGrantsAmt
PY Program Service Revenue	$619,630	PYProgramServiceRevenueAmt
CY Program Service Revenue	$690,207	CYProgramServiceRevenueAmt
PY Investment Income	$12,073	PYInvestmentIncomeAmt
CY Investment Income	$11,457	CYInvestmentIncomeAmt
PY Other Revenue	$69,754	PYOtherRevenueAmt
CY Other Revenue	$37,158	CYOtherRevenueAmt
PY Total Revenue	$858,169	PYTotalRevenueAmt
CY Total Revenue	$995,783	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$482,827	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$524,926	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$28,488	CYTotalFundraisingExpenseAmt
PY Other Expenses	$319,956	PYOtherExpensesAmt
CY Other Expenses	$409,359	CYOtherExpensesAmt
PY Total Expenses	$802,783	PYTotalExpensesAmt
CY Total Expenses	$934,285	CYTotalExpensesAmt
PY Revenues Less Expenses	$55,386	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$61,498	CYRevenuesLessExpensesAmt
Total Assets BOY	$8,433,512	TotalAssetsBOYAmt
Total Assets EOY	$8,737,664	TotalAssetsEOYAmt
Total Liabilities BOY	$5,146,826	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$5,389,480	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$3,286,686	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$3,348,184	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	TO PROVIDE LOANS AND TECHNICAL ASSISTANCE TO SMALL BUSINESS OWNERS IN MASSACHUSETTS UTILIZING FEDERAL FUNDS FROM USDA INTERMEDIARY RELENDING PROGRAM (IRP), USDA RURAL MICROENTRREPRENEUR (RMAP) AND U.S TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND (CDFI)	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$808,137	ExpenseAmt
Revenue	$690,207	RevenueAmt
Desc	ADMINISTER LOAN PROGRAMS AND TECHNICAL ASSISTANCE TO SMALL BUSINESS OWNERS IN MASSACHUSETTS.	Desc
Total Program Service Expenses	$808,137	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	Yes (true)	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (true)	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	2	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	6	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	JEANNINE MARSHALL	PersonNm
Phone	5087904980	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5 PATTI PAGE WAY	AddressLine1Txt
City	CENTERVILLE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02632	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Institutional TrusteeInstitutionalTrusteeInd	Key EmployeeKeyEmployeeInd
PETER SMITH
CHAIR	5.00	Yes (X)	Yes (X)	$0	$0	$0
MICHAEL GIANCOLA
VICE CHAIR	5.00	Yes (X)	Yes (X)	$0	$0	$0
MARTIN HARPER
TREASURER	5.00	Yes (X)	Yes (X)	$0	$0	$0
CHRISTOPHER MURPHY
ASSISTANT TR	5.00	Yes (X)	Yes (X)	$0	$0	$0
MARK SEXTON
SECRETARY	5.00	Yes (X)	Yes (X)	$0	$0	$0
DAVID AUGUSTINHO
DIRECTOR	3.00	Yes (X)		$0	$0	$0
MARLYN AGULNICK-HOUSE
DIRECTOR	3.00			$0	$0	$0	Yes (X)
ALEX RODOLAKIS
DIRECTOR	3.00	Yes (X)		$0	$0	$0
KELLEY SULLIVAN
DIRECTOR	3.00	Yes (X)		$0	$0	$0
JEANNINE MARSHALL
PRESIDENT	40.00			$186,270	$0	$25,340		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$186,270	TotalReportableCompFromOrgAmt
Total Other Compensation	$25,340	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd
All Other Contributions	$256,961	AllOtherContributionsAmt
Total Contributions	$256,961	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	FEE INCOME	Desc
Business	522200	BusinessCd
Total Revenue Column	$690,207	TotalRevenueColumnAmt
Related Or Exempt Func Income	$690,207	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$690,207	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$11,457	TotalRevenueColumnAmt
Exclusion	$11,457	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MISCELLANEOUS	$35,066	$35,066
EVENTS INCOME	$2,092	$2,092

Field	Value	IRS element (for citing)
Other Revenue Total	$37,158	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$995,783	TotalRevenueColumnAmt
Related Or Exempt Func Income	$727,365	RelatedOrExemptFuncIncomeAmt
Exclusion	$11,457	ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$507,323	TotalAmt
Program Services	$431,225	ProgramServicesAmt
Management And General	$50,732	ManagementAndGeneralAmt
Fundraising	$25,366	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$17,603	TotalAmt
Program Services	$14,963	ProgramServicesAmt
Management And General	$1,760	ManagementAndGeneralAmt
Fundraising	$880	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$32,577	TotalAmt
Program Services	$5,538	ProgramServicesAmt
Management And General	$27,039	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$15,491	TotalAmt
Program Services	$13,167	ProgramServicesAmt
Management And General	$1,549	ManagementAndGeneralAmt
Fundraising	$775	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$17,134	TotalAmt
Program Services	$14,564	ProgramServicesAmt
Management And General	$2,570	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,935	TotalAmt
Program Services	$1,289	ProgramServicesAmt
Management And General	$1,019	ManagementAndGeneralAmt
Fundraising	$627	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$14,115	TotalAmt
Program Services	$11,998	ProgramServicesAmt
Management And General	$2,117	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$59,398	TotalAmt
Program Services	$59,398	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$552	TotalAmt
Program Services	$469	ProgramServicesAmt
Management And General	$55	ManagementAndGeneralAmt
Fundraising	$28	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$9,441	TotalAmt
Program Services	$7,004	ProgramServicesAmt
Management And General	$1,625	ManagementAndGeneralAmt
Fundraising	$812	FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
RESERVE FOR BAD DEBTS	$173,014	$173,014
OTHER GENERAL EXPENSES	$61,291	$52,097	$9,194
CONTRACT LABOR	$23,411	$23,411

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$934,285	TotalAmt
Program Services	$808,137	ProgramServicesAmt
Management And General	$97,660	ManagementAndGeneralAmt
Fundraising	$28,488	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,063,877	BOYAmt
EOY	$1,346,107	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$2,857,336	BOYAmt
EOY	$3,536,925	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$35,416	BOYAmt
EOY	$65,316	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$1,083,007	BOYAmt
EOY	$329,277	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$30,795	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$28,683	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$2,663	BOYAmt
EOY	$2,112	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$3,391,213	BOYAmt
EOY	$3,457,927	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$8,433,512	BOYAmt
EOY	$8,737,664	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$9,900	BOYAmt
EOY	$14,673	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$5,136,926	BOYAmt
EOY	$5,292,707	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
EOY	$82,100	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$5,146,826	BOYAmt
EOY	$5,389,480	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,286,686	BOYAmt
EOY	$3,348,184	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,286,686	BOYAmt
EOY	$3,348,184	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$8,433,512	BOYAmt
EOY	$8,737,664	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$61,498	ReconcilationRevenueExpnssAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$685,918	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$663,236	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$597,466	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$156,712	CurrentTaxYearMinus1YearAmt
Current Tax Year	$256,961	CurrentTaxYearAmt
Total	$2,360,293	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$685,918	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$663,236	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$597,466	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$156,712	CurrentTaxYearMinus1YearAmt
Current Tax Year	$256,961	CurrentTaxYearAmt
Total	$2,360,293	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$2,360,293	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,832	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$8,163	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$11,035	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$12,073	CurrentTaxYearMinus1YearAmt
Current Tax Year	$11,457	CurrentTaxYearAmt
Total	$46,560	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$34,892	CurrentTaxYearMinus4YearsAmt
Total	$34,892	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$2,441,745	TotalSupportAmt
Gross Receipts Rltd Activities	$1,999,247	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.96660	PublicSupportCY170Pct
Public Support PY170	0.97440	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	PART II, LINE 10	FormAndLineReferenceDesc
Explanation	LOAN RECOVERIES 34,892	ExplanationTxt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$30,795	OtherCostOrOtherBasisAmt
Depreciation	$28,683	DepreciationAmt
Book Value	$2,112	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$2,112	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDesc	Book ValueBookValueAmt
LOANS RECEIVABLE-LONG TERM PORTION	$3,445,876
PREPAID INSURANCE	$8,551
SECURITY DEPOSITS	$3,500

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$3,457,927	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	OTHER LIABILITIES	Desc
Amt	$82,100	Amt

Field	Value	IRS element (for citing)
Total Liability	$82,100	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$1,005,398	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$9,615	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$9,615	RevenueNotReportedAmt
Revenue Subtotal	$995,783	RevenueSubtotalAmt
Total Revenue Per Form990	$995,783	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$943,900	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$9,615	DonatedServicesUseFcltsAmt
Expenses Not Reported	$9,615	ExpensesNotReportedAmt
Expenses Subtotal	$934,285	ExpensesSubtotalAmt
Total Expenses Per Form990	$934,285	TotalExpensesPerForm990Amt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	JEANNINE MARSHALL	PersonNm
Title	PRESIDENT	TitleTxt
Base Compensation Filing Org	$186,270	BaseCompensationFilingOrgAmt
Deferred Compensation Flng Org	$25,340	DeferredCompensationFlngOrgAmt
Total Compensation Filing Org	$211,610	TotalCompensationFilingOrgAmt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Field	Value	IRS element (for citing)
Person	KRISTEN HUGHES	PersonNm

Field	Value	IRS element (for citing)
Relationship Description	EMPLOYEE	RelationshipDescriptionTxt
Transaction	$71,586	TransactionAmt
Transaction	BUSINESS LOAN	TransactionDesc
Sharing Of Revenues	false	SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSION	TO PROVIDE LOANS AND TECHNICAL ASSISTANCE TO SMALL BUSINESS OWNERS IN MASSACHUSETTS UTILIZING FEDERAL FUNDS FROM USDA INTERMEDIARY RELENDING PROGRAM (IRP), USDA RURAL MICROENTRREPRENEUR (RMAP) AND U.S TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND (CDFI)
FORM 990, PAGE 6, PART VI, LINE 11B	A FULL COPY OF THE FISCAL YEAR END 990/990 SCHEDULES A & O AS WELL AS A COMPLETE COPY OF THE FORM MASS PC ARE PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 12C	ANNUALLY EACH EMPLOYEE MUST SIGN A STATEMENT SAYING THEY DO NOT HAVE ANY CONFLICTS OF INTEREST.
FORM 990, PAGE 6, PART VI, LINE 15A	COMPENSATION AT ALL LEVELS IS VOTED UPON BY THE FULL BOARD OF DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 15B	COMPENSATION AT ALL LEVELS IS VOTED UPON BY THE FULL BOARD OF DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 19	ORGANIZATION ORIGINAL DOCUMENTS, ANNUAL REPORTS & AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.