2016-10-26T09:23:15-05:00 2015-12-31 043035636 LEE YEE & COMPANY PC 20 SOUTHWEST PARK WESTWOOD MA 020901548 990 2015-01-01 042988263 ASIAN COMMUNITY DEVELOPMENT CORPORATION ASIA 6174822380 38 OAK STREET BOSTON MA 02111 PAUL W LEE PRESIDENT/DIRECTOR 6174822380 2016-07-07 true GARY F YEE P00956493 7812372525 2016-10-26 2015 2017-02-10 21:41:12Z PAUL W LEE 1562205 false X WWW.ASIANCDC.ORG X 1987 MA TO BE A COMMUNITY-BASED ORGANIZATION SERVING THE ASIAN AMERICAN COMMUNITY OF GREATER BOSTON BY PROVIDING PHYSICAL, ECONOMIC, AND LEADERSHIP DEVELOPMENT. 16 16 9 0 154364 205031 360606 937707 0 286519 289265 801489 1432003 0 0 542221 627739 30880 30880 246745 280299 788966 938918 12523 493085 23865033 26978474 7398630 10018986 16466403 16959488 X TO BE A COMMUNITY-BASED ORGANIZATION SERVING THE ASIAN AMERICAN COMMUNITY OF GREATER BOSTON BY PROVIDING PHYSICAL, ECONOMIC, AND LEADERSHIP DEVELOPMENT. false false 431377 REAL ESTATE - ACDC WORKS TO ENSURE ADEQUATE, HIGH QUALITY AFFORDABLE HOUSING TO MEET THE NEEDS OF COMMUNITIES OF HIGH ASIAN AMERICAN POPULATIONS. ACDC NOW HAS FIVE PROPERTIES IN ITS PORTFOLIO THAT INCLUDES 756 HOMES OF WHICH 375 ARE AFFORDABLE. THREE DEVELOPMENTS IN CHINATOWN ACCOUNT FOR 702 NEWLY BUILT HOMES. 160641 COMPREHENSIVE HOUSING OPPORTUNITIES PROGRAM (CHOP) PROVIDES THE COMMUNITY WITH FINANCIAL EMPOWERMENT THROUGH HOME BUYING WORKSHOPS, FINANCIAL MANAGEMENT TRAINING AND 1 ON 1 HOMEBUYING COUNSELING. ITS MONTHLY WORKSHOPS FOR FIRST-TIME HOMEBUYERS IS THE ONLY HUD-APPROVED WORKSHOP IN NEW ENGLAND THAT PROVIDES CHINESE LANGUAGE SERVICE ON A REGULAR BASIS. OVER 400 PEOPLE COMPLETED OUR FIRST-TIME HOMEBUYER WORKSHOP IN 2015, OVER A THIRD OF WHICH WERE CHINESE SPEAKING CLIENTS. MOREOVER, 50 HOUSEHOLDS PURCHASED A HOME AFTER ATTENDING THE WORKSHOP. ACDC'S HOUSING COUNSELORS ALSO PROVIDE 1-ON-1 HOMEBUYER COUNSELING. CHOP ALSO PROVIDES POST-PURCHASE WORKSHOPS TO ASSIST HOMEOWNERS IN AREAS OF ENERGY EFFICIENCY, TAX REPORTING AND IDENTITY THEFT PROTECTION. 85794 YOUTH - ACDC PROVIDES A HIGH SCHOOL LEADERSHIP PROGRAM, ASIAN VOICES OF ORGANIZED YOUTH FOR COMMUNITY EMPOWERMENT (A-VOYCE), TRAINING YOUTH IN COMMUNITY LEADERSHIP AND ORGANIZING IN CHINATOWN AND THE GREATER BOSTON AREA. THEY LEARN ABOUT CULTURAL IDENTITY, COMMUNITY DEVELOPMENT, AND PERFORM PLACEMAKING ACTIVITIES. OVER 60 YOUTH WERE INVOLVED IN 2015. YOUTH LEARN ENTREPRENEURSHIP SKILLS AND APPLY THESE SKILLS THROUGH RUNNING THEIR OWN YOUTH-LED BUSINESS PROVIDING WALKING TOURS OF CHINATOWN. 70521 COMMUNITY ORGANIZING AND RESIDENT ENGAGEMENT - ACDC ENGAGES ITS RESIDENTS AND THE WIDER COMMUNITY TO PROMOTE HEALTHY LIVING AND HEALTHY COMMUNITIES IN CHINATOWN, MALDEN AND QUINCY. COMMUNITY ORGANIZING ACTIVITIES HAVE INCLUDED EDUCATING RESIDENTS ON THE BENEFITS OF CIVIC ENGAGEMENT AND AFFORDABLE HOUSING. 70521 748333 true true false false false false false false false false true false false true true true false true false false false false false true true false false false false false false false false false false false false false false false false false true true false false false true 0 0 9 true false false false false false true true false false false false false false X 16 16 false false false false true true true true true false false true true true true true true true true false MA X THE ORGANIZATION 6174822380 38 OAK STREET BOSTON MA 02111 NICK CHAU DIRECTOR 1.00 X 0 0 0 MICHAEL S GRECO CLERK/DIRECT 1.00 X X 0 0 0 SONI GUPTA DIRECTOR 1.00 X 0 0 0 AMY CHEUNG DIRECTOR 1.00 X 0 0 0 TERRY KWAN VP/DIRECTOR 1.00 X X 0 0 0 PAUL W LEE PRESIDENT/DI 1.00 X X 0 0 0 YONGMEI CHEN DIRECTOR 1.00 X 0 0 0 PETER MADSEN DIRECTOR 1.00 X 0 0 0 AMANDA LINEHAN DIRECTOR 1.00 X 0 0 0 MICHAEL TOW DIRECTOR 1.00 X 0 0 0 JEFFREY WONG TREASURER/DI 1.00 X X 0 0 0 GEOFFREY WHY VICE TREASUR 1.00 X X 0 0 0 EUGENE H HO DIRECTOR 1.00 X 0 0 0 REBECCA A LEE DIRECTOR 1.00 X 0 0 0 THATSADA SETHAPHONG DIRECTOR 1.00 X 0 0 0 STEVEN CHEN DIRECTOR 1.00 X 0 0 0 ANGIE LIOU ACTING EXE. 40.00 X 96750 0 8095 JANELLE CHAN EXEC. DIRECT 40.00 X 93750 0 8073 HAMILTON HO CHIEF OPER. 40.00 X 84500 0 17746 275000 33914 false false false UTILE INC ARCHITECTURE 308930 1 205031 205031 REAL ESTATE DEVELOPMENT 839470 839470 ASSET MANAGEMENT 98237 98237 937707 53394 56832 -3438 -3438 -3438 328763 73370 255393 SERVICE FEES 25440 25440 ACCRUED INTEREST ON NOTE REC 11756 11756 MISC INCOME 114 114 37310 1432003 971579 506991 431644 75347 78611 66192 12419 42137 36209 5928 676 676 40409 10103 30306 30880 30880 1597 1357 240 26740 23190 3550 14563 12756 1807 3029 1621 1408 16041 15201 840 75611 75611 21287 17952 3335 3893 610 3283 CONSULTANTS 30342 19342 11000 REPAIR AND MAINTENANCE 9858 8700 1158 STAFF DEVELOPMENT 8460 5233 3227 MEMBERSHIP & SUBSCRIPTION 6330 5650 680 21463 16962 4501 938918 748333 159705 30880 1370897 1467732 200572 200608 135781 772369 7667372 9676372 4817 6438 1251345 210883 515867 1040462 163000 163000 13806727 13651493 23865033 26978474 62961 52662 7335669 9966324 7398630 10018986 X 2260545 2979305 14205858 13980183 16466403 16959488 23865033 26978474 493085 X false true X true false X 130635 410548 185794 154364 205031 1086372 130635 410548 185794 154364 205031 1086372 1086372 26200 579420 605620 1691992 1357174 0.64210 0.65710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1236006 209060 1026946 15339 1823 13516 1040462 OTHER ASSETS 13651493 13651493 DHCD DEVELOPMENT LOANS - TV 5009000 NOTE PAYABLE NHT - PARCEL C 1811159 NOTE PAYABLE - BRA 1325000 ACCRUED INTEREST PAYABLE - NHT 1270961 LINE OF CREDIT - CEDAC 546044 SECURITY DEPOSIT 3260 NOTE PAYABLE - RELATED PARTY 900 9966324 X SCHEDULE D, PAGE 3, PART X ACDC IS A QUALIFIED TAX EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C) (3) AND, ACCORDINGLY, NO INCOME TAX PROVISION IS REQUIRED. OTLP, TVLLC AND FSLLC ARE NOT LIABLE FOR FEDERAL INCOME TAXES AS THE INCOME OR LOSS OF EACH ENTITY IS ALLOCATED TO THE PARTNERS OR MEMBERS, AS APPLICABLE, OF EACH ENTITY FOR INCOME TAX PURPOSES. OTLP, TVLLC AND FSLLC EVALUATE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THEIR RESPECTIVE TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTY THEREON, WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. OTLP AND FSLLC EACH BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ANY OF ITS OPEN TAX YEARS. GENERALLY OTLP'S, TVLLC'S AND FSLLC'S INFORMATION AND TAX RETURNS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS FROM THE DATE OF FILING. NO NOTICES HAVE BEEN RECEIVED FROM ANY TAXING AUTHORITIES ADDRESSING ANY SUBSEQUENT YEAR. X X true MICHELLE MILLER 52 KENT STREET BROOKLINE MA 02445 E, F false 50000 30880 19120 50000 30880 19120 FUNDRAISING EVE 328763 328763 73370 328763 328763 73370 73370 255393 FORM 990, PAGE 2, PART III, LINE 4D COMMUNITY ORGANIZING AND RESIDENT ENGAGEMENT - ACDC ENGAGES ITS RESIDENTS AND THE WIDER COMMUNITY TO PROMOTE HEALTHY LIVING AND HEALTHY COMMUNITIES IN CHINATOWN, MALDEN AND QUINCY. COMMUNITY ORGANIZING ACTIVITIES HAVE INCLUDED EDUCATING RESIDENTS ON THE BENEFITS OF CIVIC ENGAGEMENT AND AFFORDABLE HOUSING. FORM 990, PAGE 6, PART VI, LINE 6 ORGANIZATION HAS DOMESTIC MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A ORGANIZATION MEMBERS DO ELECT MEMBERS FOR GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 7B MAJOR DECISIONS ARE DECIDED BY GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 WAS REVIEWED BY ADMIN PERSONNEL BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL MEETING MEMBERS REAFFIRMED CONFLICT OF INTEREST POLICY AND DISCUSS WHETHER VIOLATIONS HAVE TAKEN PLACE. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS DETERMINED BY THE GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION IS DETERMINED BY THE GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCS AND RETURNS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. 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