2019-08-28T14:20:50-05:00 2018-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2018-01-01 043246555 BLUEHUB CAPITAL INC BLUE 6174278600 10 MALCOLM X BOULEVARD GROUND FLOOR BOSTON MA 02119 LISA ZAPPALA CHIEF FINANCIAL OFFICER 6174278600 2019-08-21 1 THOMAS WASHBURN CPA P00537319 5083669100 2019-08-21 40.70.31.102 2019-08-21 13:10:38 ED P F4247996A0DFD92197EA51AEF4558D040C319DAA 67FD54DCEB6CBC14265FA3262D2D1D14C69EA041 2018 2019-02-21 02:37:17Z LISA ZAPPALA 10 MALCOLM X BOULEVARD GROUND FLOOR BOSTON MA 02119 2405042 0 X HTTPS://BLUEHUBCAPITAL.ORG X 1994 MA TO PROVIDE BELOW MARKET RATE CAPITAL TO COMMUNITY BASED ORGANIZATIONS FOR DEVELOPMENT OF AFFORDABLE HOUSING AND TO PROVIDE BROADER COMMUNITY LENDING THAT DIRECTLY OR INDIRECTLY BENEFITS LOW INCOME OR DISADVANTAGED PEOPLE OR COMMUNITIES. 11 8 53 8 0 0 87144 65161 4938347 2333722 18106 6159 0 0 5043597 2405042 166000 0 0 0 736236 729555 0 0 41209 1609360 978776 2511596 1708331 2532001 696711 20225949 18551113 10532046 9657925 9693903 8893188 TO PROVIDE BELOW MARKET RATE CAPITAL TO COMMUNITY BASED ORGANIZATIONS FOR DEVELOPMENT OF AFFORDABLE HOUSING AND TO PROVIDE BROADER COMMUNITY LENDING THAT DIRECTLY OR INDIRECTLY BENEFITS LOW INCOME OR DISADVANTAGED PEOPLE OR COMMUNITIES. 0 0 583213 1249195 BLUEHUB CAPITAL WAS FORMED AS A HOLDING COMPANY THAT OVERSEES ADMINISTRATION, FINANCE, HUMAN RESOURCES, AND INVESTOR RELATIONS FOR THE ORGANIZATION AND ITS AFFILIATES. THE HOLDING COMPANY HAS ACTED AS DEVELOPER FOR ALL SOLAR ENERGY PROJECTS OWNED AND OPERATED TO DATE BY SOLAR ENERGY ADVANTAGE, INC., A CORPORATION WHICH IT OWNS 100% (SEE SCHEDULE R) AND HAS EARNED DEVELOPER FEES FOR THESE SERVICES. THESE DEVELOPER FEES FOR ALL FUTURE PROJECTS ARE NOW EARNED BY SOLAR ENERGY ADVANTAGE INC. DIRECTLY AND WILL NO LONGER BE INCLUDED ON SCHEDULE R. 91141 1084527 NSP RESIDENTIAL, LLC (NSP) WAS FORMED TO COMBAT COMMUNITY DETERIORATION AND IMPROVE GENERAL CONDITIONS WHERE LOW-INCOME PEOPLE LIVE AND WORK. NSP PURCHASES RESIDENTIAL PROPERTIES AND REHABILITATES THEM TO RENT OR SELL TO LOW-INCOME INDIVIDUALS. 674354 1 1 0 0 0 0 0 0 1 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 1 0 0 1 0 0 1 53 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MA X E MATTHEW GAUTIERI CONTROLLER 6174278600 10 MALCOLM X BLVD GROUND FLOOR BOSTON MA 02119 CHARLES CLARK CHAIRMAN OF THE BOARD 1.00 3.00 X X 0 0 0 DEWITT JONES EXECUTIVE VP & EX-OFFICIO 10.00 30.00 X X 56708 321347 32478 EDWARD DUGGER III BOARD MEMBER 1.00 3.00 X 0 0 0 ELYSE CHERRY CEO & EX-OFFICIO BOARD 6.00 34.00 X X 184201 552602 20606 JULIE GOULD BOARD MEMBER 1.00 3.00 X 0 0 0 MARIA MAFFEI BOARD MEMBER 1.00 3.00 X 0 0 0 MERCEDES TOMPKINS BOARD MEMBER 1.00 3.00 X 0 0 0 MICHELLE VOLPE PRESIDENT, LOAN FUND & EX- 1.00 40.00 X X 0 316064 27185 REVEREND JAMES WALSH SJ CLERK OF THE BOARD 1.00 3.00 X X 0 0 0 SARAH C LINCOLN TREASURER OF THE BOARD 1.00 3.00 X X 0 0 0 VICTOR R RIVERA BOARD MEMBER 1.00 3.00 X 0 0 0 LISA ZAPPALA CFO 3.00 37.00 X 80853 188658 11071 E MATTHEW GAUTIERI CONTROLLER 5.00 35.00 X 73889 150018 29928 SUSAN RIVERS CHIEF COMMUNICATIONS OFFICER 4.00 36.00 X 92641 138963 27957 KATHRYN MCHUGH SENIOR LOAN OFFICER 1.00 40.00 X 0 194741 33228 MICHAEL NILLES SENIOR LOAN OFFICER 1.00 40.00 X 0 199115 33355 SHARON SHEPARD MANAGING DIRECTOR 8.00 32.00 X 105196 315589 13215 593488 2377097 229023 18 0 1 0 MISSION CLOUD 320 CONGRESS STREET BOSTON MA 02210 IT NETWORK SUPPORT 180900 LOCKE LORD 111 HUNTINGTON AVE BOSTON MA 02110 LEGAL SERVICES 121357 ALEXANDER ARONSON FINNING 50 WASHINGTON ST WESTBOROUGH MA 01581 AUDIT AND TAX SERVICES 104890 3 65161 65161 PROGRAM REVENUE & FEES 900099 2333722 2333722 2333722 6159 6159 2405042 2333722 0 6159 335108 150798 175095 9215 297060 133677 155213 8170 9397 4229 4910 258 52050 23423 27196 1431 35940 16173 18779 988 189251 189251 20515 20515 94010 42304 49121 2585 390582 175762 204079 10741 68091 30641 35578 1872 16416 7387 8577 452 9077 4085 4743 249 145541 65493 76045 4003 26248 11812 13715 721 FINANCING FEES 10000 4500 5225 275 MISCELLANEOUS 9045 4070 4726 249 1708331 674354 992768 41209 4617831 7457058 436163 442322 5308 5049 97781 121894 1375323 665347 851200 709976 4244431 1620000 9973235 8194814 20225949 18551113 783956 763196 4189145 4931647 5558945 3963082 10532046 9657925 X 8791597 8416657 902306 476531 9693903 8893188 20225949 18551113 X 696711 -1497426 X X 0 1 X 1 1 1 X 1178635 1121044 73535 87144 65161 2525519 2347563 2254068 2634068 4573294 2333722 14142715 3526198 3375112 2707603 4660438 2398883 16668234 1100000 922650 10820 21545 21545 2076560 1633680 1040688 884361 1200894 1197869 5957492 2733680 1963338 895181 1222439 1219414 8034052 8634182 7955 17833 20435 18106 6159 70488 7955 17833 20435 18106 6159 70488 455133 365053 820186 3534153 3392945 3183171 5043597 2405042 17558908 0.49170 0.44850 0.00400 0.00370 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LOAN LOSS RECOVERIES - 2016 AMOUNT: $ 455,133. 2017 AMOUNT: $ 365,053. 2018 AMOUNT: $ 0. 0 1 X 1178307 494950 683357 197016 170397 26619 709976 INVESTMENT IN SOLAR ENERGY ADVANTAGE, INC. 800000 C INVESTMENT IN WEGOWISE, INC. - NET 820000 C 1620000 ESCROW FUNDS 4931647 DUE FROM AFFILIATE 3263167 8194814 DUE TO AFFILIATE 3963082 3963082 X PART IV, LINE 2B: THE HOLDING COMPANY AND NSP HELD A CASH BALANCE OF $4,931,647 IN ESCROW FOR OUTSIDE PARTIES AS OF 12/31/18, OF WHICH $4,830,087 IS RESERVE MONEY HELD BY HOLDING COMPANY FOR FEDERAL RESERVE BANK OF BOSTON AND THE REST OF $101,560 IS CUSTOMER DEPOSITS HELD BY NSP FOR PURCHASES OF PROPERTIES. PART X, LINE 2: THE CORPORATION AND ITS OPERATING AFFILIATES ACCOUNT 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 CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CORPORATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2018. X X X X 0 0 0 0 0 0 0 0 0 DEWITT JONES EXECUTIVE VP & EX-OFFICIO 46208 261847 10500 59500 0 0 1650 9350 3222 18256 61580 348953 0 0 ELYSE CHERRY CEO & EX-OFFICIO BOARD 110451 331352 73750 221250 0 0 2750 8250 2402 7204 189353 568056 0 0 MICHELLE VOLPE PRESIDENT, LOAN FUND & EX- 0 241064 0 75000 0 0 0 9877 0 17308 0 343249 0 0 LISA ZAPPALA CFO 65853 153658 15000 35000 0 0 2654 6191 668 1558 84175 196407 0 0 E MATTHEW GAUTIERI CONTROLLER 68939 139968 4950 10050 0 0 2807 5700 7069 14352 83765 170070 0 0 SUSAN RIVERS CHIEF COMMUNICATIONS OFFICER 89841 134763 2800 4200 0 0 3690 5535 7493 11239 103824 155737 0 0 KATHRYN MCHUGH SENIOR LOAN OFFICER 0 179741 0 15000 0 0 0 7437 0 25791 0 227969 0 0 MICHAEL NILLES SENIOR LOAN OFFICER 0 184115 0 15000 0 0 0 7534 0 25821 0 232470 0 0 SHARON SHEPARD MANAGING DIRECTOR 97196 291589 8000 24000 0 0 1328 3982 1976 5929 108500 325500 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CEO, CFO, CONTROLLER, AND FINANCE COMMITTEE REVIEW THE 990 BEFORE GOING TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CONTROLLER REVIEWS THE ANNUAL SIGNED CONFLICT OF INTEREST POLICIES FOR ANY CONFLICTS TO BE DISCLOSED TO THE BOARD. IF CONFLICTS ARISE, THEY ARE ADDRESSED ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 15 EVERY FEW YEARS, A SALARY SURVEY OF THE INDUSTRY IS PERFORMED TO ENSURE THAT THE ORGANIZATION'S SALARY EXPENSES ARE REASONABLE. THE EXECUTIVE COMMITTEE OF THE BOARD MEETS TO SET THE SALARY RANGES FOR ALL POSITIONS AND TO APPROVE THE CEO'S COMPENSATION FOR THE YEAR. THE EXECUTIVE COMMITTEE KEEPS MINUTES OF EACH MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: SHARE OF WEGOWISE LOSS -1,498,306. EQUITY TRANSFERS 880. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS AND CFO ARE RESPONSIBLE FOR THE REVIEW OF THE AUDITED FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. NSP RESIDENTIAL LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 263638703 TO COMBAT COMMUNITY DETERIORATION IN LOW-INCOME AREAS. MA 986509 5874094 BLUEHUB CAPITAL INC BCC SEA INVESTMENT FUND MANAGER LLC 10 MALCOLM X BOULEVARD BOSTON MA 02119 275485348 TO COMBAT COMMUNITY DETERIORATION IN LOW-INCOME AREAS. 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