2025-11-11T15:09:22-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2024-01-01 223073668 METRO WEST COLLABORATIVE DEVELOPMENT INC METR 6179233505 79-B CHAPEL STREET NEWTON MA 02458 CAITLIN MADDEN EXECUTIVE DIRECTOR 6179233505 2025-11-10 1 1 JOLANTA TUCK P01340068 7813803520 2025-11-05 2024 2025-03-06 01:10:19Z CAITLIN MADDEN 79-B CHAPEL STREET NEWTON MA 02458 5442264 0 X WWW.METROWESTCD.ORG X 1990 MA WE COLLABORATE WITH METROWEST COMMUNITIES TO EXPAND HOUSING OPPORTUNITIES BY: I. BUILDING AND PRESERVING AFFORDABLE HOUSING II. HELPING FAMILIES FIND AND KEEP THEIR HOMES III. COUNSELING COMMUNITY LEADERS TO ACHIEVE THEIR HOUSING GOALS IV. ADVOCATING FOR SUPPORTIVE POLICY AND INVESTMENT 11 11 13 11 0 0 390762 1489468 922969 1696230 50641 2191342 21326 65224 1385698 5442264 0 0 0 0 963446 1152652 0 0 0 897700 4499781 1861146 5652433 -475448 -210169 35512317 26192711 34098017 24976178 1414300 1216533 X WE COLLABORATE WITH METROWEST COMMUNITIES TO EXPAND HOUSING OPPORTUNITIES BY: I. BUILDING AND PRESERVING AFFORDABLE HOUSING II. HELPING FAMILIES FIND AND KEEP THEIR HOMES III. COUNSELING COMMUNITY LEADERS TO ACHIEVE THEIR HOUSING GOALS IV. ADVOCATING FOR SUPPORTIVE POLICY AND INVESTMENT 0 0 490841 685745 IN 2024 METRO WEST CD COMPLETED THE CONSTRUCTION OF 44 AFFORDABLE HOUSING UNITS AND CONTINUED THE CONSTRUCTION OF 40 AFFORDABLE HOUSING UNITS. METRO WEST CD ALSO OVERSAW THE MANAGEMENT OF ITS' PORTFOLIO OF AFFORDABLE HOUSING UNITS AND HELD LOANS RELATED TO ITS' AFFORDABLE HOUSING DEVELOPMENTS. 708675 633101 METRO WEST CD PROVIDES ASSISTANCE TO HOUSEHOLDS IN SEARCH OF AFFORDABLE HOUSING. WE ALSO COORDINATE LOTTERIES AND TENANT/BUYER SELECTION ON BEHALF OF DEVELOPERS OF AFFORDABLE HOUSING THROUGHOUT MASSACHUSETTS. METRO WEST CD ALSO PROVIDES AFFORDABLE HOUSING MONITORING AND COMPLIANCE ASSISTANCE TO LANDLORDS AND MUNICIPALITIES AND MANAGES THE RESALE OF AFFORDABLE HOMEOWNERSHIP UNITS. METRO WEST CD ALSO ADMINISTERS EMERGENCY RENTAL AND DIRECT FINANCIAL ASSISTANCE TO HELP KEEP PEOPLE HOUSED. 389126 378740 METRO WEST CD SERVES AS THE THIRD-PARTY HOUSING CONSULTANT FOR A NUMBER OF MUNICIPALITIES WITHIN OUR TARGET AREA AND PROVIDES HOUSING-RELATED SERVICES, EDUCATION, AND PROGRAMMING. 1588642 1 1 0 0 0 0 0 0 1 0 1 0 0 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 15 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X CAITLIN MADDEN 6179233505 79-B CHAPEL STREET NEWTON MA 02458 CRISTINA AYALA VICE PRESIDENT 1.00 0.30 X X 0 0 0 DORENA WONG-DELEON DIRECTOR 1.00 0.30 X 0 0 0 EUGENIA CHAPARRO DIRECTOR (OUTGOING) 1.00 0.30 X 0 0 0 KALYANI DEVAJYOTI DIRECTOR 1.00 0.30 X 0 0 0 MARY CORTHELL DIRECTOR 1.00 0.30 X 0 0 0 MELINDA WALKER DIRECTOR 1.00 0.30 X 0 0 0 MICHAEL SHERMAN TREASURER 1.00 0.30 X X 0 0 0 MICHELLE THOMAS DIRECTOR 1.00 0.30 X 0 0 0 OLGA YASINNIK CLERK 1.00 0.30 X X 0 0 0 PAUL BOUTON PRESIDENT 1.00 0.30 X X 0 0 0 PAULA DICKERMAN DIRECTOR 1.00 0.30 X 0 0 0 ROBERT FLACK SECRETARY (OUTGOING) 1.00 0.30 X X 0 0 0 THELMA TITUS DIRECTOR 1.00 0.30 X 0 0 0 CAITLIN MADDEN EXECUTIVE DIRECTOR 39.00 1.00 X 148118 0 4901 ALISA GARDNER-TODREAS CHIEF OPERATING OFFICER 40.00 0.00 X 115690 0 0 CHELSEA GAYLORD SENIOR REAL ESTATE PROJECT MANAGER 40.00 0.00 X 105009 0 5089 SHARONE SMALL DIRECTOR OF REAL ESTATE 40.00 0.00 X 143320 0 24740 512137 0 34730 4 0 1 0 DELLBROOK JKS ONE ADAMS PLACE 859 WILLARD ST QUINCY MA 02169 GENERAL CONTRACTOR 2474703 RESONANT ENERGY LLC 109 KINGSTON STREET FLOOR 2L BOSTON MA 02111 ENERGY CONSULTANT 270125 KLEIN HORNIG LLP 101 ARCH STREET SUITE 1101 BOSTON MA 02110 LEGAL SERVICES 137293 COHNREZNICK LLP 14 SYLVAN WAY 3RD FLOOR PARSIPPANY NJ 07054 AUDIT/TAX SERVICES 108511 4 1224578 264890 1489468 DEVELOPER FEES 531110 551389 551389 CONTRACTS 900099 476725 476725 RENTAL INCOME 531110 378740 378740 PROGRAM FEES 900099 155020 155020 INTEREST ON NOTE RECEIVABLE 900099 134356 134356 1696230 142 142 63868 0 63868 63868 63868 2191200 0 2191200 2191200 2191200 1356 1356 1356 5442264 1697586 0 2255210 153019 124888 28131 854294 696551 157743 50050 42078 7972 95289 80111 15178 24826 24826 8507 8507 163129 59536 103593 80785 31778 49007 41711 39118 2593 394148 374111 20037 96597 96404 193 PROVISION AGAINST NOTE 3650851 3650851 BAD DEBTS 934 934 38293 18307 19986 5652433 1588642 4063791 0 523535 265677 1496255 1232177 19025 5100 165322 782234 16559 0 53507 35957 5467297 817309 5719900 4649988 963283 839048 26554931 18382530 35512317 26192711 4000603 3293392 40422 46787 8998 8989 17996185 12492090 12051809 9134920 34098017 24976178 X 1391772 1207480 22528 9053 1414300 1216533 35512317 26192711 X -210169 12402 X 0 1 X 1 1 1 X 454511 475584 348549 390762 3680668 5350074 885757 1122515 1235666 922969 1625742 5792649 1340268 1598099 1584215 1313731 5306410 11142723 7000 10000 3000 5500 25500 0 7000 10000 3000 5500 25500 11117223 539 439 29049 50641 134498 215166 539 439 29049 50641 134498 215166 130614 21326 1356 153296 1340807 1598538 1743878 1385698 5442264 11511185 0.96580 0.96170 0.01870 0.01240 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: PROCEEDS FROM TAX CREDIT SALE - 2022 AMOUNT: $ 2,460,000. RECOVERY OF PREVIOUSLY RESERVED FEES - 2022 AMOUNT: $ 159,314. PROVISION AGAINST NOTES RECEIVABLE AND RELATED INTEREST - 2022 AMOUNT: $ -2,488,700. RECOVERY OF BAD DEBT - 2023 AMOUNT: $ 19,661. OTHER INCOME - 2023 AMOUNT: $ 1,665. 2024 AMOUNT: $ 1,356. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 274300 274300 4887914 668295 4219619 305083 149014 156069 4649988 RESERVES 307882 PRE-DEVELOPMENT COSTS 18074648 18382530 REFUNDABLE GRANT 59300 CONTINGENT DEBT 6321286 CONDITIONAL GRANT ADVANCES 1750665 LEASE LIABILITY 1003669 9134920 X 8108984 2666720 2666720 5442264 0 5442264 6980800 1328367 1328367 5652433 0 5652433 PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS ON FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS. PART X, LINE 2: THE ORGANIZATION 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 CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: AFFILIATES REMOVED FROM CONSOLIDATED TOTALS 2,666,720. PART XII, LINE 2D - OTHER ADJUSTMENTS: AFFILIATES REMOVED FROM CONSOLIDATED TOTALS 1,328,367. X X X X X 0 0 0 0 0 0 0 0 0 SHARONE SMALL DIRECTOR OF REAL ESTATE 143320 0 0 0 0 0 17288 0 7452 0 168060 0 0 0 CAITLIN MADDEN EXECUTIVE DIRECTOR 148118 0 0 0 0 0 4901 0 0 0 153019 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS, ONCE APPROVED, THE FORM 990 IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH DISCUSSIONS HELD DURING BOARD MEETINGS. ALL BOARD OF DIRECTORS ARE REQUIRED TO SIGN AN ANNUAL STATEMENT OF CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A MWCD UTILIZED A SALARY SURVEY COMPILED BY A NATIONAL COMMUNITY DEVELOPMENT ORGANIZATION TO SUBSTANTIATE THE SALARY SCALE. THE BOARD OF DIRECTORS DISCUSS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND APPROVES ANY COMPENSATION CHANGES ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTION 62 PACKARD 300. DECONSOLIDATION OF GBW SENIOR 12,102. 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