CAPE & ISLANDS COMMUNITY DEVELOPMENT INC: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- CAPE & ISLANDS COMMUNITY DEVELOPMENT INC (EIN 04-3286347)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2018-11-01
- IRS object ID
- 201813059349301536
- Schema version
- 2017v2.3
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-01T14:48:43-04:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043128198 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SANDERS WALSH & EATON 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 | 2017-07-01 | 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 | 2018-09-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL J WALSH CPA | PreparerPersonNm |
| PTIN | P00239736 | PTIN |
| Phone | 5084280790 | PhoneNum |
| Preparation | 2018-09-27 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 167.68.16.49 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-11-01 | IPDt |
| IP Tm | 13:48:43 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | BB858BA31F04699E906BF4765556342F31FF276D | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 997E27EEDE96FF58B0CDB27605100D82AF4113A2 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | 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 | $1,212,776 | 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 | 5 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $404,922 | PYContributionsGrantsAmt |
| CY Contributions Grants | $597,466 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $228,742 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $582,498 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,163 | PYInvestmentIncomeAmt |
| CY Investment Income | $11,035 | CYInvestmentIncomeAmt |
| PY Other Revenue | $29,572 | PYOtherRevenueAmt |
| CY Other Revenue | $21,777 | CYOtherRevenueAmt |
| PY Total Revenue | $671,399 | PYTotalRevenueAmt |
| CY Total Revenue | $1,212,776 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $432,103 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $477,752 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $25,734 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $239,950 | PYOtherExpensesAmt |
| CY Other Expenses | $724,135 | CYOtherExpensesAmt |
| PY Total Expenses | $672,053 | PYTotalExpensesAmt |
| CY Total Expenses | $1,201,887 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$654 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $10,889 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,751,997 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,070,640 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,589,249 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,839,340 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,162,748 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,231,300 | 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 | $1,112,210 | ExpenseAmt |
| Desc | ADMINISTER LOAN PROGRAMS AND TECHNICAL ASISTANCE TO SMALL BUSINESS OWNERS IN MASSACHUSETTS. | Desc |
| Total Program Service Expenses | $1,112,210 | 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 |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| 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 | false | 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 | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| 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 | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 5 | 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 |
| 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 | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| ALEX RODOLAKIS | ||||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| KELLEY SULLIVAN | ||||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| MARLYN AGULNICK-HOUSE | ||||||||
| DIRECTOR | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| JEANNINE MARSHALL | ||||||||
| PRESIDENT | 40.00 | $178,861 | $0 | $22,263 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $178,861 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $22,263 | 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 |
| Government Grants | $373,533 | GovernmentGrantsAmt |
| All Other Contributions | $223,933 | AllOtherContributionsAmt |
| Noncash Contributions | $7,193 | NoncashContributionsAmt |
| Total Contributions | $597,466 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEE INCOME | Desc |
| Business | 522200 | BusinessCd |
| Total Revenue Column | $582,498 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $582,498 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $582,498 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,035 | TotalRevenueColumnAmt |
| Exclusion | $11,035 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Total Revenue Column | $21,777 | TotalRevenueColumnAmt |
| Exclusion | $21,777 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $21,777 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,212,776 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $582,498 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $32,812 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $471,103 | TotalAmt |
| Program Services | $400,438 | ProgramServicesAmt |
| Management And General | $47,110 | ManagementAndGeneralAmt |
| Fundraising | $23,555 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,649 | TotalAmt |
| Program Services | $5,652 | ProgramServicesAmt |
| Management And General | $665 | ManagementAndGeneralAmt |
| Fundraising | $332 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,965 | TotalAmt |
| Program Services | $29,313 | ProgramServicesAmt |
| Management And General | $2,652 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,945 | TotalAmt |
| Program Services | $6,753 | ProgramServicesAmt |
| Management And General | $795 | ManagementAndGeneralAmt |
| Fundraising | $397 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,449 | TotalAmt |
| Program Services | $7,182 | ProgramServicesAmt |
| Management And General | $1,267 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,597 | TotalAmt |
| Program Services | $7,307 | ProgramServicesAmt |
| Management And General | $860 | ManagementAndGeneralAmt |
| Fundraising | $430 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,089 | TotalAmt |
| Program Services | $9,426 | ProgramServicesAmt |
| Management And General | $1,663 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,620 | TotalAmt |
| Program Services | $55,620 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,859 | TotalAmt |
| Program Services | $8,798 | ProgramServicesAmt |
| Management And General | $2,041 | ManagementAndGeneralAmt |
| Fundraising | $1,020 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| SPECIAL PROJECTS | $363,883 | $363,883 | |
| RESERVE FOR BAD DEBTS | $151,000 | $151,000 | |
| OTHER GENERAL EXPENSES | $45,935 | $39,045 | $6,890 |
| CONTRACT LABOR | $27,793 | $27,793 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,201,887 | TotalAmt |
| Program Services | $1,112,210 | ProgramServicesAmt |
| Management And General | $63,943 | ManagementAndGeneralAmt |
| Fundraising | $25,734 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,377,492 | BOYAmt |
| EOY | $1,205,591 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,496,460 | BOYAmt |
| EOY | $3,106,245 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,928 | BOYAmt |
| EOY | $14,813 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $600,771 | BOYAmt |
| EOY | $787,424 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $28,038 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $28,038 | LandBldgEquipAccumDeprecAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,263,346 | BOYAmt |
| EOY | $2,956,567 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,751,997 | BOYAmt |
| EOY | $8,070,640 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,563 | BOYAmt |
| EOY | $41,299 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,495,686 | BOYAmt |
| EOY | $4,798,041 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,589,249 | BOYAmt |
| EOY | $4,839,340 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,162,748 | BOYAmt |
| EOY | $3,231,300 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,162,748 | BOYAmt |
| EOY | $3,231,300 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,751,997 | BOYAmt |
| EOY | $8,070,640 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $10,889 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $57,663 | OtherChangesInNetAssetsAmt |
| 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 | $720,850 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $695,023 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $685,918 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $663,236 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $597,466 | CurrentTaxYearAmt |
| Total | $3,362,493 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $720,850 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $695,023 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $685,918 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $663,236 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $597,466 | CurrentTaxYearAmt |
| Total | $3,362,493 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $3,362,493 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,046 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,614 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,832 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,163 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,035 | CurrentTaxYearAmt |
| Total | $36,690 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $34,892 | CurrentTaxYearMinus2YearsAmt |
| Total | $34,892 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $3,434,075 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $582,498 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.97920 | PublicSupportCY170Pct |
| Public Support PY170 | 0.97910 | 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 | $24,838 | OtherCostOrOtherBasisAmt |
| Depreciation | $24,838 | DepreciationAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,200 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,200 | DepreciationAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| LOANS RECEIVABLE-LONG TERM PORTION | $2,944,516 |
| PREPAID INSURANCE | $8,551 |
| SECURITY DEPOSITS | $3,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,956,567 | TotalBookValueOtherAssetsAmt |
| Total Rev Etc Audited Fincl Stmt | $1,224,289 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $11,513 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $11,513 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,212,776 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,212,776 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,213,400 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $11,513 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $11,513 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,201,887 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,201,887 | 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 | $178,861 | BaseCompensationFilingOrgAmt |
| Deferred Compensation Flng Org | $22,263 | DeferredCompensationFlngOrgAmt |
| Total Compensation Filing Org | $201,124 | TotalCompensationFilingOrgAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 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. |
| FORM 990, PART XI, LINE 9 | PRIOR YEAR ADJUSTMENT -SEE NOTE A OF FINANCIALS 57,663 |